Elisabeth Schuster Fund

Schuster Principles

Schuster Principles

1. Language courses in a country where German, Spanish or Portuguese are generally spoken

The grants are intended for BSc and MSc students at Hanken (registered as present) or alumni who graduated from Hanken within the past three years. Students must have completed at least 6 credit points of German or Spanish at Hanken (or a minimum of 6 credit points of transferred German or Spanish studies) or should actively participate in a German or Spanish course at Hanken during the ongoing term and complete 6 credits in that language before the course takes place. Applicants who intend to study in a country where Portuguese is spoken must have completed at least 6 credit points in Spanish at Hanken (or a minimum of 6 credit points of transferred Spanish studies) or should attach a certificate of studies in Portuguese.

The following documents should be attached to the application: A study plan for the language studies abroad including information about the course organizer (should be a institution of good repute), statement of reasons why the language studies are important and how they are connected with the student's studies at Hanken, an estimate of costs, CV, and a official transcript of records.

As a rule, the following maximum amounts for language courses (not privat lessons) including traveling expenses should be stated in the application (students at the Vaasa campus will receive a 60 euro supplement if the cost estimate indicates it's relevant):

  • 3 weeks in Germany, Austria, Spain, Portugal, or German-speaking part of Switzerland: max. 1400 euros
  • 4 weeks or longer in Germany, Austria, Spain, Portugal, or German-speaking part of Switzerland: max. 1550 euros
  • 4 weeks or longer in Central or South America: max. 2300 euro

    (grants are not awarded for courses shorter than three weeks within Europe or four weeks in Central- and South America)

The same person can be granted a maximum of three scholarships from the Elisabeth Schuster's Fund for language courses/Summer Schools.

2. Summer Schools in a country where German, Spanish or Portuguese are generally spoken

Grants are awarded for Summer Schools within the field of economics and business in Schuster-countries, in first hand at Hanken's partner universities and in the second place other universities of good repute. See a list of Summer Schools at Hanken Partner Universities here. 

The grants are intended for BSc and MSc students at Hanken (registered as present). Students must have completed at least 6 credit points of German or Spanish at Hanken (or a minimum of 6 credit points of transferred German or Spanish studies) or should actively participate in a German or Spanish course at Hanken during the ongoing term and complete 6 credits in that language before the course takes place. Applicants who intend to study in a country where Portuguese is spoken must have completed at least 6 credit points in Spanish at Hanken (or a minimum of 6 credit points of transferred Spanish studies) or should attach a certificate of studies in Portuguese.

The following documents should be attached to the application: A study plan for the studies abroad including information about the course organizer, statement of reasons why the studies are important and how they are connected with the student's studies at Hanken, an estimate of costs, CV, and a official transcript of records.

As a rule, the following maximum amounts for language courses(including traveling expenses) should be stated in the application (students at the Vaasa campus will receive a 60 euro supplement if the cost estimate indicates it's relevant):

  • 2 weeks in Germany, Austria, German-speaking part of Switzerland, Spain or Portugal: max. 1250 euros
  • 3 weeks in Germany, Austria, German-speaking part of Switzerland, Spain or Portugal: max. 1400 euros
  • 4 weeks in Germany, Austria, German-speaking part of Switzerland, Spain or Portugal: max. 1550 euros
  • 2 weeks in Central or South America: max. 2000 euros
  • 3 weeks in Central or South America: max. 2150 euros
  • 4 weeks in Central or South America: max. 2300 euros

The same person can be granted a maximum of three scholarships from the Elisabeth Schuster's Fund for language courses/Summer Schools.

3. Other purposes than those listed under items 1 and 2 above

Grants may be awarded from the fund, provided that they are tied to studies or research in German-speaking countries within disciplines represented at Hanken, or studies in German, Spanish or Portuguese in countries where the language in question is generally spoken. The purpose of a grant of this type should be to promote teaching and research within the respective field at Hanken. Grants of this type may also be awarded for participation in conferences, seminars, symposiums, etc.

The grants are intended for BSc, MSc and doctoral students as well as academic staff at Hanken. Students must have completed at least 6 credit points German or Spanish at Hanken (or a minimum of 6 credit points of transferred German or Spanish studies) or should actively participate in a German or Spanish course at Hanken during the ongoing term. Applicants who intend to study in a country where Portuguese is spoken must have completed at least 6 credit points in Spanish at Hanken (or a minimum of 6 credit points of transferred Spanish studies) or should attach a certificate of studies in Portuguese.

The reasons for the purpose must be carefully explained and a detailed estimate of costs and CV must be attached. BSc and MSc students must also attach a an official transcript of records.