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    Masters Program in Banking and Finance

    From Theory to Practice

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    WELCOME

    Welcome to the Master's Program inBanking and Finance - MBF!

    The MBF program of the University of St.Gallen is a

    high-quality Masters program that prepares you for a

    successful career start with banks, insurance companies,

    consulting agencies and the nance departments of non-

    nancial corporations. Our graduates take up jobs in

    private banking, asset management, investment banking

    and risk management, among others, in Switzerland and

    abroad. The MBF program also opens doors for further

    academic studies, such as a PhD program.

    The MBF is equally focused on theory and application.

    We are convinced that sound theoretical and method-

    ological fundamentals are essential for a higher education

    in nance. In addition, we support our students in the

    application process and enable them to ask the relevant

    questions in everyday work. The content of the MBF pro-

    gram is considered to be highly relevant to the program

    partnership with the CFA program, and our placement

    record proves this.

    The MBF program has a clear and exible structure. All

    three compulsory courses Financial Markets, Financial

    Institutions and Quantitative Methods take place in the

    rst semester and provide a solid basis for the core elec-

    tives in the second and the third semesters.

    The choice of elective courses is wide, with subjec

    ranging from quantitative topics (Computational Fi

    to specic instruments (Interest Rates and Energy D

    tives) to asset management (Private Equity or Beha

    Finance) and to corporate nance (Corporate Finan

    Management or Management of Insurance Compa

    All of our students write a research-based Master

    sis and participate in a research seminar.

    The University of St.Gallen is EQUIS and AACSB

    accredited and is consistently ranked among the to

    business schools in Europe. With its 5th place in th

    Financial TimesGlobal Masters in Finance Ranking

    the MBF program is ranked among the top nance

    programs in the world. Located close to Zurich in

    heart of Europe, St.Gallen offers a connection to an

    international nancial center as well as various lei

    opportunities nearby. In addition, we are able to o

    truly international experience with our diverse fac

    as well as exchange opportunities in our network o

    more than 150 partner universities.

    We look forward to welcoming you in the MBF

    program soon.

    Prof. Dr. Manuel Ammann

    Academic Director of MBF

    Prof. Dr. Rico von Wyss

    Executive Director of MBFProf. Dr. Manuel Ammann and Prof. Dr. Rico von Wyss

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    CONTENT

    Why an MBF Masters Degree?..................................

    The Program ...................................................................

    Subject Tracks .................................................................

    Faculty ...............................................................................

    Internationality...............................................................

    Career Perspectives......................................................

    Career Services ..............................................................

    Sponsorship .....................................................................

    Events................................................................................

    Alumni ..............................................................................

    Admission Process .........................................................

    Academic Calendar ........................................................

    Studying at HSG.............................................................

    Financial Information .....................................................

    Living in Switzerland ......................................................

    Living in St.Gallen ...........................................................

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    For more information visit: www.mbf.unisg.chOr contact us at:[email protected]

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    WHY A MASTER'S IN BANKING AND FINANCE?

    MBF at a Glance

    A challenging experience with a rigorous curriculum, the Masters in Banking and Finance (MBF) program is one of

    the leading international nance programs. In the elds of nancial markets, nancial institutions, corporate nance

    and quantitative nance, the program offers high-quality education in both theory and application. It is designed to

    train our students in the critical reection of the different concepts and approaches used in nancial theory and practice

    The high quality in teaching and education was conrmed by the Financial TimesGlobal Masters in Finance Ranking

    2012 (5th place among more than 200 business schools ranked worldwide).

    Prole: Class of 2013 Class size: 130 Average age: 24 Average scores: GMAT - 710 points / GRE - 790 points Gender

    Nationalities represented: 31 International students: 47%

    Snapshot Start: Fall Semester (mid-September)

    Duration: 90 ECTS. Full-time program withtime to completion of 3 semesters

    Language: English (few additional German lectures Degree: Master of Arts (M.A. HSG) inBanking and Finance

    Tuition fees: Swiss Nationals: CHF 1,226All Others: CHF 2,126 per semester

    Financial Times RankingThe MBF program is ranked 5th place in the

    Financial TimesGlobal Masters in Finance

    Ranking 2012. Per criteria the MBF is ranked:

    #1 for "Aims Achieved" #1 for "Employed at Three Months"

    #2 for "Value for Money" #2 for "Placement Success"

    Male - 75%

    Female - 25%

    Historical Stats Job offers before graduation: 2.2 Average starting wage: CHF 97,000

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    Olga KozjukovaMBF Student

    The MBF is great for students who are interested in a nance-related career because of

    its excellent reputation and the high quality of the teaching faculty. Beyond its outstanding

    content, the MBF offers various interactions with companies and MBF alumni. I especially

    appreciate the opportunity to participate in international programs, which allows for

    valuable experiences.

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    THE PROGRAM

    SEMESTER 3

    CORE STUDIES CONTEXTUAL STUD

    SEMESTER 2

    SEMESTER 1

    Com

    pulsory

    Subje

    cts(15ECTS)

    Core

    Electives(27ECTS)

    Masters

    Thesis(18ECTS)

    Indep

    endent

    Electives(12ECTS)

    Leadership

    Skills

    (3-9ECTS)

    Critic

    alThinking&

    Cultu

    ralAwareness

    (9-15

    ECTS)

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    Viriya PlodpliewMBF Student

    One of the biggest advantages of the Master's in Banking and Finance

    program in St.Gallen is the freedom of choice from a broad range of courses.You might pick lectures and research seminars from four different tracks,

    but there is also the possibility of a highly-focused study track. I also

    appreciate the great variety of practical classes where you learn how to

    deal with real-life problems.

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    SUBJECT TRAC

    Alternative Investments Behavioural Finance

    Commodity Markets Derivatives

    Empirical Real Estate Finance Energy Finance Fixed Income Instruments

    Institutional AssetManagement

    International Finance Market Microstructure

    Pension Finance Private Equity Real Estate Finance

    Asset LiabilityManagement

    Commercial Banking Financial Institution

    Management Financial Regulation &Risk Management

    Household Finance &Consumer Credit

    Insurance Operations

    Investment Banki Monetary Policy Financial Market

    Private Banking &

    Wealth Managem Public DebtManagement

    Theory of Risk &Insurance

    Asset Pricing & PortfolioChoice

    Computational Finance Financial Econometrics Financial Modeling

    Workshop: Asset Alloc.

    Financial ModelingWorkshop: Derivatives

    Financial Risk Management

    Mathematics & St Quantitative Aspe

    Financial Regulat

    Quantitative PortfManagement

    Time Series Econo

    Advanced CorporateFinance

    Applied CorporateValuation

    Corporate FinancialManagement

    Corporate Governance

    Ethics of FinancialServices

    Mergers & Acquisitions

    There are four possible tracks within the MBF program from which you might choose core elective courses according to

    your preferences. These tracks are just a suggestion how you might organize your MBF studies. You are able to switch fr

    between the different tracks.

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    FACULTY

    Prof. Dr. Manuel AmmannProfessor of Finance,

    Academic Director of the MBF

    Prof. Dr. Andreas GrnerAdjunctProfessor of Corporat

    Prof. Dr. Martin ElingProfessor of Insurance

    Prof. Dr. Francesco AudrinoProfessor of Statistics

    Prof. Dr. Christian KeuscProfessor of Public Finance

    Prof. Dr. Andreas KckAssistant Professor of Finance

    Prof. Dr. Martin BrownProfessor of Banking

    Prof. Dr. Marc Arnold

    AssistantProfessor of Corporate Finance

    Prof. Dr. Matthias Fengler

    AssistantProfessor of Financial Econometrics

    Prof. Dr. Karl FrauendorfProfessor of Operations Resear

    Prof. Dr. Roland FssProfessor of Real Estate Financ

    Prof. Dr. Stefan Morktte

    AssistantProfessor of Banking

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    Prof. Dr. Angelo RanaldoProfessor of Systemic Risk

    Prof. Dr. Florentina ParaschivAssistantProfessor of Computational Finance

    Prof. Dr. David schAssistantProfessor of Finance

    Prof. Dr. Hato SchmeiserProfessor of Insurance

    Prof. Dr. Markus SchmidProfessor of Corporate Finance

    Prof. Dr. Paul SderlindProfessor of Finance

    Prof. Dr. Rico von WyssAssistant Professor of Finance

    Prof. Dr. Stephan SssAssistantProfessor of Finance

    For more information on our faculty membewww.mbf.unisg.ch

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    The University of St.Gallen (HSG) encourages and enables its students to supplement their academic curriculum

    with international experience. Double degrees, exchange programs, students from all over the world, an international

    faculty, internationally orientated curriculum and networks give students the opportunity to experience foreign

    cultures and perspectives at rst hand.

    INTERNATIONALITY

    International students and faculty

    Double-degree Programs: ESADE, Barcelona, Spain HEC, Paris, France RSM Erasmus University, Rotterdam, Netherlands Universit Commerciale Luigi Bocconi,Milan, Italy FGV, Fundaaozv Getulio Vargas, So Paulo, Brazil

    of the faculty come from abroad.

    The MBF has visiting professors from

    well-known universities from aroun

    the globe:

    Prof. Yakov Amihud, PhDStern School of Business, New York U

    Prof. Harrison Hong, PhDPrinceton University

    Prof. David Yermack, PhD Stern School of Business, New York U

    of MBF students come

    from 80 different nations.

    48%34%

    principle for Double-degree Programs:

    1 year at HSG 1 year at guest university 60 credits from HSG 60 credits from guest university 10 credits for the Masters thesis from HSG 10 credits from the guest university

    50/50

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    Beijing University, Beijing, China Duke University, Durham, USA Hitotsubashi University, Tokyo, Japan Fundaao Getulio Vargas,So Paulo, Brazil Fudan University, Shanghai, China Kellogg School of Management, Evanston, USA LSE, London, United Kingdom Melbourne Business School (University of Melbourne),

    Melbourne, Australia

    International exchange programs (a selection):MBF students are offered an opportunity to participate in exchange programs with 150 partner universities worldwide:

    Nanyang Technological University, Singapore NYU Stern, New York, USA Queens University, Ontario, Canada Universidad del Pacico, Lima, Peru University of California - The Anderson School,Los Angeles, CA, USA

    Booth School of Business, Chicago, USA Tsinghua University, Beijing, China

    Networks: The Global Alliance in Management Education(CEMS)

    Partnership in International Management(PIM) Association of Professional Schools of InternationalAffairs (APSIA)

    The HSG supports internationalnetworking with: Hubs in Singapore and So Paulo Asia Research Center The Sino-Swiss Management Training Program Centro Latinoamericano-Suizo de la Universidadde San Gallen

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    CAREER PERSPECTIVES

    Labor Market The labor market puts a premium on HSG degrees.On average, graduates are able to choose from

    2.2 job offers.

    Search for employment: 100%of graduateshave a job offer 3 months after graduation.

    The average salary of the rst permanent job forholders of a Masters degree is CHF 97,000.

    The quota of HSG alumni in Swiss top managementis outstanding. The HSG has the greatest placing

    power in Business Administration.

    (Source: Graduate Survey Report, 2010, University of St.Gallen)

    Recruiting Companies Bain Barclays Boston Consulting Group Clariden Leu Commerzbank Credit Suisse Deloitte Deutsche Bank EFG Financial Products Ernst & Young Goldman Sachs HSBC HSG Johnson & Johnson J.P. Morgan Julius Br LGT KPMG

    Maxwell Lync McKinsey Morgan Stanley Nestl Nomura Oliver Wyman Partners Group Pensimo Management PriceWaterhouseCoopers RBC Dexia Roland Berger Royal Bank of Scotland Sal. Oppenheim SAM Private Equity Shilk Swiss Re UBS Unicredit Bank

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    SWITZERLAND80%

    ENGLAND6% RUSS

    1%GERMANY9%

    AUSTRIA2%

    LIECHTENSTEIN2%

    20092011 MBF Graduate Job Placement

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    I chose the Master in Banking and Finance program due to

    its rigorous standards in education. Combining theory with

    practice is one of the main strengths of the MBF and has

    provided me with a set of skills valuable in my everyday work

    as a consultant. The MBF is more than just a program: it

    offered a unique insight into diversity and interpersonal

    skills and thereby prepared me in the best possible way for

    the job market.

    Vincent AebiMcKinsey & Company

    6

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    CAREER SERVIC

    It pays to plan your career early on. The clearer

    you are about your competencies, values, interests

    and goals, the more focused you can be when

    developing job ideas, researching job opportunities,

    making contacts, using various offers on campus

    and discussing your career-related questions

    with company representatives.

    The experts of the Career Services Center support

    you in different stages of your career planning from

    taking stock of your career and doing research (Assess)

    to setting goals and applying for jobs (Act) to starting

    your job and further developing your career (Achieve).

    Furthermore, we assist you with specic information

    about the work permit regulations in Switzerland

    for your respective nationality. While international

    students can work part-time during their studies,

    the regulation foresees a priority to Swiss and EU

    nationals after graduation. The Career Management

    Team would be glad to speak to you to move you

    closer to your career objectives.

    Manage your career with us

    Career Management International Students

    Career Services Center (CSC-HSG)

    University of St.Gallen (HSG)

    Dufourstrasse 50

    CH-9000 St.Gallen

    Phone: +41 (0)71 224 29 23

    E-Mail: [email protected]

    www.csc.unisg.ch

    Our Career Management Services at a G

    Career CounsellingOne-on-one assistance on all career related topics

    Career EventsHSG TALENTS Business Insights, seminars,

    workshops and training on career related topics

    Recruiting Events

    HSG TALENTS Conference HSG TALENTS Banking Days HSG TALENTS Online: CV publication, event sigjobs and internship postings, company proles,

    newsletter subscription

    Career Management HandbookConsolidated know-how and practical support for

    career planning process

    Career LibraryCareer Management literature

    HSG Career Event

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    Industry PartnersThe MBF is in close contact with its industry partn

    in order to maintain and guarantee a solid founda

    in practice.

    The MBF encourages the exchange between stude

    faculty and the nancial industry. The Partners o

    the MBF guarantee an early contact with potentia

    employers and support the MBF in many ways. Ou

    industrial partners award fellowships for the best

    students entering the program. At the end of the

    program they award prizes.

    Thanks to their ongoing support, the MBF is able t

    invite professors from internationally renowned u

    sities on a regular basis (e.g. Prof. Yakov Amihud,

    School of Business, New York University; Prof. Ha

    Hong, Princeton University). Doing internships an

    laborating with the nancial industry when writin

    Masters thesis is simplied thanks to the Partner

    the MBF.

    Cooperation with CFA InstituteThe MBF program is an ofcial

    Program Partners of the CFA Institute,

    which acknowledges that the MBF program cover

    more than 70% of the candidate body of knowledg

    all three levels of the CFA program. Additionally,

    partnership enables the MBF to award CFA fellow

    each year to ve outstanding MBF students who e

    on the program.

    SPONSORSHIP

    UBS, Zurich

    Deutsche Bank, Frankfurt

    Credit Suisse, Zurich

    Zrcher Kantonalbank

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    EVEN

    MBF Graduation: Jeanette Rusch from UBS, Martin Be

    (best Master thesis), Stefanie Hasse (best MBF degree

    and Prof. Dr. Manuel Ammann

    MBF-Apero

    Prof. Dr. Manuel Ammann & Dr. Patrick Raaaub

    (Director FINMA) at the MBF start event

    MBF Graduation

    Prof. Dr. Manuel Ammann handing out a fellowshipA dinner event in Zurich after visiting a trading oor

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    Christoph DoebeltMBF Student

    The Master's in Banking and Finance is a great program because it offers

    a broad range of lectures and seminars and because it allows us to design

    our individual curriculum accordingto our interests. The program fosters

    the exchange between students, faculty, and nancial institutions. This

    guarantees a focus of our lectures on practitioners' needs and leads to an

    optimal preparation for a professional career.

    0

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    MBF ALUM

    HSG Alumni is the ofcial organization of former

    students of the University of St.Gallen. With more than

    19,000 members and 100 Alumni Clubs on 5 continents,

    it is one of Europes leading associations of this type.

    It reinforces the alumnis lifelong bondswith the

    University, as well as the networks among its members,

    by means of numerous events and information

    platforms, www.alumni.unisg.ch.

    MBF AlumniThe MBF Alumni association builds a closer network

    within the HSG alumni

    Knowledge transfer to and from the program Additional access to the job market Regular meetings in Zrich, London, and New York

    President's Welcome

    Prof. Dr. Markus MenzPresident, MBF Alumni

    The knowledge acquired in lectures such

    Derivatives, Corporate Financial Mana

    and Pension Finance affects essential pa

    of my daily business. I am convinced th

    conceptual content of the lessons taugh

    HSG is absolutely in step with current p

    I am glad that I was able to enjoy such a

    effective education.

    Danielle BrasselAssociate, Aeris Capital AG

    As a graduate of the MBF Program

    you will be entitled to join the MBF

    Alumni Club. The MBF Alumni

    Club was founded by the rst MBF

    graduates in May 2006. Since then,

    it has continuously grown and today

    has about 200 members. The club

    organizes various activities such

    as monthly lunch and dinner events in Zurich. This

    exclusive network of HSG graduates working in banking

    and nance or in closely related sectors has proven to

    be very valuable for our members, particularly during

    the recent nancial crisis. We invite you to join our

    club following your graduation!

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    MBF admission requirements Bachelor degree in Business or Economics GMAT (> 680) or GRE (> 160) Proof of prociency in English Motivation letter CV

    Admission to the MBF with at least

    Deadline April 30th

    ADMISSION PROCESS

    Admission criteria Score

    GMAT or equivalent GRE

    (e.g. 680 is 35 pts)

    50

    GPA of previous degree

    (e.g. Bachelor)

    30

    Motivation Letter 10

    Extracurricular activities,

    exchange semester, etc.

    15

    Total possible admission score 105

    8

    Visit MBF admissions online at:www.admissions.unisg.ch

    2

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    ACADEMIC CALEND

    JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV

    Semester Mid-Semester break

    Apply

    Break

    Break

    Break

    2Semester

    Semester holidays

    nd

    3Semester

    rd

    1Semester

    st

    Fall Semester Spring Semester

    Application

    Deadline

    April 30th

    Start of

    Semester

    calendar week 38 calendar week 8

    Mid-semester

    break

    calendar weeks 44/45 calendar weeks 14/15

    End of semester calendar week 51 calendar week 21

    Please note, the mid-semester breaks may

    be reserved for special seminars.

    University's Open DayEach semester, the University organi

    two open days for prospective Maste

    students. Dates are published on our

    homepage: www.infotag.unisg.ch

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    Graduate School of Business, Economics,Law and Social SciencesSince its founding in 1898, the education and training

    offered by the University of St.Gallen have been

    characterized by a close afnity to the working world

    and an integrative approach. We currently educate

    more than 5,000 students in business administration,

    economics, law, and the social sciences. According to

    current rankings, the HSG is one of Europes leading

    business universities. Its holistic education of the

    highest academic standards has earned it the EQUIS

    and AACSB accreditations by way of an international

    seal of approval. The HSG aims to develop students

    both in professional and personal areas by providing

    them with an education along humanist lines. Its

    international orientation is strengthened by students

    and faculty coming from all continents, 150 partner

    universities and membership in international networks.

    ResearchResearch at the University of St.Gallen is centered around

    30 institutes and research centers, which are an integral

    part of the University. All institute directors are simul-

    taneously also HSG professors. By combining theory

    with practice, the institutes provide an important input

    for teaching at the University and play a signicant role

    in furthering the careers of young academics. Our 80

    tenured professors, 60 assistant professors and senior

    lecturers, more than 300 lecturers and 300 assistants,

    as well as distinguished visiting professors, nurture

    the scientic discourse with our students.

    STUDYING AT THE UNIVERSITY OF ST.GALLEN - HSG

    Unique Academic StructureThe HSGs course structure consists of three pillar

    and three levels. The three levels are the Assessme

    Level, the Bachelors Level and the Masters Level.

    addition to these three academic levels, courses be

    to one of three didactic, subject-related pillars: con

    studies, independent studies and contextual studi

    With this model, the University of St.Gallen satis

    the demands of society and the economy for gradu

    with intellectual exibility and intercultural qualic

    Contact StudiesContact studies consist of lectures and seminars

    in small groups. Students attend program specic

    compulsory courses, core electives and independe

    electives. Independent electives may be selected fr

    the students own Masters program or from other

    programs. Thus students have the opportunity to

    acquire further knowledge in additional elds

    of interest.

    Independent StudiesIndependent studies place emphasis on students'

    personal responsibilities, and are supported by

    electronic resources. In terms of subject matter,

    they complement contact studies.

    Contextual StudiesContextual studies consist of courses in the areas o

    cultural awareness, leadership skills and critical thi

    They supplement specialized education with oppo

    tunities for well-founded and broad-based person

    development.

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    FINANCIAL INFORMATI

    TravelingIn Switzerland, traveling by public transport is ver

    convenient and encouraged. Students are advised

    obtain the Swiss Federal Railway Half-Fare travelc

    in order to save 50% on all tickets. It is available fo

    CHF 165 and valid for one year.

    ScholarshipsThe Swiss State Secretariat for Education and Rese

    offers scholarships to students from abroad based

    performance and study objectives.

    FellowshipsEvery fall the MBF awards fellowships to the ten

    best new entrants. These fellowships are intended

    inspire students who have already an excellent rec

    in university studies or professional life to attend t

    MBF program. Moreover, the fellowships are mean

    to provide an incentive for constantly good results

    in the program.

    Each of these fellowships amounts to CHF 5,000,

    with CHF 2,000 being paid at the beginning of the

    programme, CHF 3,000 after passing the compulso

    course examinations with a minimum grade of 5.0

    all of them. All students who have been admitted

    MBF will be automatically considered for these fel

    ships. The decision about awarding the fellowship

    be communicated to the most successful applicant

    the letter of admission.

    Work-Study OpportunitiesAs an international student, you are allowed to wo

    15 hours a week. The University and its institutes

    regularly looking for students to do project work.

    Students from outside the EU/EFTA area need a permit in order to work in Switzerland.

    Living Costs in St.GallenThe University of St.Gallen recommends students to

    budget 2,000-2,500 Swiss Francs (CHF) per month for

    basic needs, including fees and study material.

    Monthly expenses: Housing CHF 600 Living Expenses CHF 1,000 Health Insurance CHF 200

    FeesSwitzerlands most important resource is its highly

    skilled workforce. The country therefore invests in

    excellent undergraduate and graduate education at

    its universities that is highly subsidized by the state.

    Thus the University of St.Gallen is in the convenient

    situation to charge its students a fee of CHF 1,226

    (Swiss nationals) and CHF 2,126 (all others) per

    semester. Text books and other teaching material

    are not included.

    AccommodationPrices for accommodation vary greatly depending on

    location, size, standard and amenities. In a typical

    shared apartment the price for a single bedroom starts

    at approx. CHF 400 per month. Rental prices for small

    private studios range from CHF 600 upwards per month.

    InsuranceStudents are required to obtain a Swiss health insurance

    (unless granted an exemption by the Swiss authorities). The

    costs are approximately CHF 200 per month.

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    As a federal republic with a system of direct

    democracy, Switzerland enjoys a high degree of

    political stability. Its standing as a neutral country

    allows it to play an important humanitarian role in

    world affairs and to act as a mediator between

    conicting parties. Switzerland is home to various

    international organizations, such as the International

    Committee of the Red Cross, the United Nations

    and the World Trade Organization.

    Switzerlands economy is based on a highly qualied

    and skilled labor force. Swiss companies are extremely

    competitive in the global markets. Whilst the best-

    known export items include watches, chocolate and

    cheese; mechanical and electrical engineering, as well

    as the life sciences account for over half of Swiss export

    revenues. Other signicant business areas include

    consulting, banking, insurance and tourism.

    Switzerland benets from political stability and a

    ourishing economy which allow for a high standard

    of living at affordable prices. Switzerlands international

    reputation as a research center is beyond dispute.

    LIVING IN SWITZERLAND

    Highlights Switzerland has four national languages:German, French, Italian and Romansh

    Large international population: 21% of people livin Switzerland are foreign nationals

    One of the highest annual per capita GDPs worldUSD 54,466 (at current prices)

    Very low unemployment rate: 3.2% (March 2012) Country ranked rst in the Travel and TourismCompetitiveness Report 2011

    An increasingly large number of companies aremoving their European headquarters to Switzer

    to take advantage of the favorable business and

    living environment

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    LIVING IN ST.GALL

    St.Gallen offers its approximately 75,000 inhabitants

    a historically unique old town with a great number of

    shops, street cafs, bars and clubs. The Abbey District

    with its baroque cathedral and the Abbey Library is a

    UNESCO World Heritage site and thus of international

    signicance.

    Further cultural highlights are provided by perfor-

    mances in the city theater, the concert hall and

    the St.Gallen festivals, as well as by exhibitions in

    numerous museums and private galleries. An event

    that is particularly popular with many students is the

    St.Gallen Open Air music festival, during which the

    Sitter Valley is transformed into Switzerlands largest

    tent city for three days.

    The citys optimal situation between the Alps and

    Lake Constance provides opportunities for various

    leisure and sports activities, such as skiing, rock

    climbing or sailing. St.Gallens Three Ponds are

    only a few minutes walking distance from the city

    center. These three small lakes situated on a hill on

    the outskirts of the city serve as public swimming

    pools in the summer and as ice rinks in cold winters.

    The Peter and Paul Wildlife Park is situated close to

    the University and is popular with students as an

    idyllic setting for running or walking.

    Settling in St.Gallen The Visa ProcessMost individuals who come to Switzerland to stud

    must obtain a visa prior to entering the country.

    Students from the EU/EFTA area, Japan, or Singap

    do not need a visa and must only apply for a resid

    permit. On average, visa applications take about e

    weeks to process. Planning ahead is therefore essen

    Students can apply for the visa as soon as they hav

    received their letter of (conditional) acceptance fro

    the University and secured nancing for their stu

    For regular students it is preferable to be issued a

    permit that can be renewed annually. All internat

    applicants are provided with detailed information

    concerning visa application by the university adminis

    HousingThe University of St.Gallen does not offer on camp

    housing. However, you can easily nd a place on y

    own in St.Gallen over the internet. International

    students receive support during the process and, u

    request, are assigned a MBF buddy who can help t

    St.Gallen offers a good selection of apartments, ro

    in shared apartments (called Wohngemeinschaft o

    and houses at varying prices.

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