Awards and scholarships

Recognizing outstanding performance

Each year the School presents various awards to outstanding students in collaboration with companies, associations and foundations from the region. In addition to prize money, these awards provide recognition of students’ achievements in their studies.

The recipients are usually chosen on the basis of grades, recommendations by supervisors, or by an awards committee. The School presents the awards during its graduation ceremonies.

• The Dr. Hans Novotny Award from Stiftung Bildung und Kunst is awarded once per semester to the international student with the best overall grade and comes with prize money of 1,000 euros.
• The Jane M. Klausman Women in Business Scholarship of 500 euros is presented once a year and recognizes female Bachelor’s degree graduates with excellent grades.
• The Altdorf Award is presented once a year to the best students in the assessment phase (second semester) and comes with prize money of 200 euros.
• The Dr. Michael Munkert Scholarship is for students who have specialized in taxation, auditing and tax law. Each semester the one-off scholarship of 1500 euros is presented to highly qualified students in recognition on their achievements so far.
• The Luise Prell-Stiftung Award and the Fritz und Maria Hofmann-Stiftung Award each award 500 euros for outstanding Master’s theses. The prizes are awarded to students of a different FAU faculty each time.

Financing your studies through a scholarship

Even though tuition fees are no longer charged in Bavaria, studying can be expensive. Rent, living costs, travel expenses and course materials all cost money. There are many ways for students to finance their studies, such as through part time jobs, BAföG or financial support from their parents. Another possibility is provided by scholarships. The major advantage of scholarships is that, unlike BAföG, the money does not have to paid back after graduation.

Students are able to influence their eligibility when it comes to most application criteria. Factors such as good grades, voluntary work and proof of career goals can have a major influence on the likelihood of being selected for a scholarship.

If you make sure you find the information you need in time – at least six months before the start of a potential scholarship – and know the requirements, you have a good chance of becoming one of the lucky recipients of a valuable scholarship. Over 60 foundations that support students are listed on FAU’s foundations page (German). It is certainly worth taking a look. If you have any questions on how to correctly integrate your scholarship into your application documents, please contact the School’s Career Service (German).

Here is a selection of available scholarships: