On our website we tried to give you a good understanding of the ISK and the Portfolio Management Program, but even though we try to describe everything as detailed as possible a lot of questions stay unanswered. Therefore, we collected the most common questions from all of you and created a FAQ. If you still have a question which is not answered on the website then please don't hesitate to contact us through the contact form or directly by mail.

Students with a genuine interest in financial and capital markets are welcome to apply to the program. Primarily, our students are from WU, Universität Wien and TU but students from other institutions can also send in their application. Bachelor, Master as well as PhD students can apply for the program. We only recommend that applicants still have two years ahead in their studies, so they can profit from the whole program.

1. Motivation letter with 1-2 pages (keep it short, but informative. Tell us why you would like to join the PMP and what you expect)
2. Curriculum vitae in 1-2 pages (CV)
3. Latest transcript from university 

No further documents are required or wanted, if we need more information you will be contacted by the PMP-Team.

Every student from the WU, Universität Wien and TU can send their application for the Portfolio Management Program. Master, PhD as well as Bachelor students can apply for the program. We only recommend that applicants still have two years ahead in their studies, so they can profit from the whole program.

In the first round, students will submit the required documents and a committee will screen them shortly after the deadline. Subsequently, pre-selected students will be invited to the second round, which will be a formal face-to-face meeting (physically or online). Finally, selected students receive an offer via mail to join the program.

Students will be allowed to stay in the program during one exchange semester; however, they will have to continue to contribute to their group according to their mandate and have a regular attendance during the remaining three semesters.

Since the PMP lasts for two years, a master student with an equally long studying horizon and a keen interest in financial markets and asset management suits as an ideal candidate. Occasionally, exceptional bachelor students will be granted access to the program too.

Students from all disciplines with an interest in financial markets are welcome to the program. Diversity is an important character to the program and therefore we even encourage students with other backgrounds and hunger to learn more about financial markets and asset management to apply.

The PMP can be accredited at certain universities with 4 ECTS per year (in total 8 ETCS).

Each year 18 students join the program.

After the admission, students are asked for their group preferences and are then usually allocated according to their first or second choice.

On average, around 20% of first round applications have been accepted.

Besides the weekly 1,5 hour meeting (during the semester) the program is based on self-motivation. You will have 24/7 access to the terminals and the PMP rooms so you can dig in as much as you want. Some groups then have weekly meetings with their tutors to discuss markets and strategies. On average, a student spends 10-15 hours a week for the PMP, but this includes reading newspapers and talking with other people about the markets.

Our meetings usually take place on Monday at 5.30 p.m. in the Palais Coburg. On special and rare occasions, the meetings will be scheduled to a different date. The meetings will be held physically in the Palais Coburg. In special circumstances, we provide an opportunity to participate online.

The PMP is split into two years. In the first year you are an analyst and in the second year you will become a manager. Managers and analysts always work together in a team, so they can learn from each other. As an analyst you focus on developing models, exploring the markets and getting to know the portfolio and the used strategies. As a manager you are in charge of the portfolio and have to make decisions and trade the positions.

Yes! Each team has a real money portfolio with over 1.200.000€ of AuM. This money is dedicated to the Portfolio Management Program and is passed on from year to year.

No, the program is a training initiative sponsored by the POK Pühringer Private Foundation and participants will not incur any monetary expenses.

Primarily, the presentations are held in English. In certain occasions, we will ask the German speaking people within your group to hold a talk in German.

The admission committee will accept applications in German and English.

During the term of the program, you will need to be studying at university. If you are in the last year of your bachelor or master degree and plan to go for a master or PhD respectively, you can participate in the program.

For further details please contact

Research Institute for Capital Markets
Coburgbastei 4, Top 5
1010 Vienna, Austria

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