Student Report Name of the University: WHU Otto Beisheim School of Management (WHU) Exchange semester: Fall, 2015 I. PRACTICAL INFORMATION Before leaving Norway About a month after I received an exchange offer from BI, WHU accepted me to their Uni. In the emails they provided me with some general information about the school, a course plan and information about housing (You register for housing when you apply for the school, unless you would like to find a place on your own). The first course guide I received was not the official one for my semester so I waited to fill out my LA-agreement until I received an official list with courses they offered (They emailed me a list of the official courses they provided sometime during the spring). Remember to get health insurance before you leave for Germany. Health insurance is mandatory for all citizens living in Germany. If you are a Norwegian citizen you only have to order a Helfo card. It is free and takes you 1 min to order. Additionally remember to order travel insurance for the whole stay. I am not sure if it is mandatory, but it is definitely smart to have. Applying for a visa Just to clear a potential confusion (since Norway is not part of EU); Norwegian citizens do not need to obtain a visa in order to live/work/study in Germany. You do however need to register for a residence permit. This is done after you arrive in Germany, at the local city hall of Vallendar (The school gives you all the information you need in order to do this effectively). Travel WHU is located in a small town called Vallendar approximately a 15 minute bus ride from Koblenz. My flight went from Gardermoen to Frankfurt International on August 24th. After arriving at Frankfurt Int’l I took a train to Koblenz. When you are in Koblenz you can either take another train to Vallendar or you can take the bus. Train all the way to Vallendar is by far the easiest way to travel coming from the airport. Just order a ticket from Frankfurt to Vallendar. When you get to Vallendar You will see a large grocery store called “REWE” everything school related (school + housing) is located on that side of the road. From “REWE” you can either take a cab to your address or walk. The maximum walking distance from here to any accommodation is maximum a 10 min walk, but since you do not know the area and you probably have a lot of luggage I would advise you to take a cab no matter how close your accommodation is. Cabs usually stop in front of REWE. If you want to take the bus from Koblenz to Vallendar then choose the #8 bus and get off at the stop “Vallendar mitte”. The bus stop that is the easiest to use in Koblenz is a bus stop called “Zentralplatz” and it is located in front of a large mall called “Forum”. In general it is fairly easy to travel around Europe from Vallendar. The trains will take you pretty much anywhere and you are close to two large cities (Frankfurt and Cologne) where they have large international airports. Housing Housing is provided by WHU, however it works on a first-come first-served basis. I therefore recommend that you respond very quickly when you receive information about housing. Some comments on some of the housing units you are offered: - Löhrstrasse 25: 6 single room apartments in a small house (This is were I lived). The building must suffer from mold or something similar since the whole building has a very distinct smell. It is from what I have experienced the only student housing that WHU offers that has an oven for cooking. Lastly the Internet is very unstable at this place but that counts for pretty much all of Vallendar. - Heerstraße: Very new units with high standards. - HöhrerStraße: A large apartment complex. Very high standard. - Goethestraße: Two different buildings; one is a 15 stories elderly home which is very peaceful (very few exchange students live there), and the other building (InPraxi) is a student housing unit (much like HörerStraße, both when considering standards and noise). These two locations are the ones farthest away from the school (only a 7 min walk though). See more information and pictures at: http://www.whu.edu/campus/campus-vallendar/wohnen-uebernachten/wohnen-in-vallendar/ Costs The cost of living is relatively cheap compared to that of Norway. Rent differs from each housing unit. I paid €550/month for my accommodation and this was one of the most expensive ones. I did not have to buy any books as all class material was provided online. This depends on the classes you are taking, and if you are a bachelor student you probably have to buy some books. They do not have a bookstore like we do at BI so you have to find places that sells the books you need. Amazon.de usually have everything you might need when it comes to books. Within Vallendar you do not need any transportation. When you are going to Koblenz you can either take the bus or the train. The prices are the same for both transportation methods (3,50 euros each way). The trip will become cheaper if you buy a group ticket, but then you have to be about five people minimum. I for sure spent less than I would otherwise have done in Norway, I think on average I spent about 80 euros a week on food. Rent 4900 NOK Books 200 NOK Food 3000 NOK Transport ? NOK Other ? NOK (Average monthly expenses) Culture and language The Rhineland area is a very beautiful area and old castles and wine farms are found all over the place. If you are looking for a cultural exchange experience, this is a very good option. Vallendar is for sure no big city life experience. However, Vallendar is a very small society. You actually live in something similar to a small village. The good thing about this is that everything is close. Nothing is more than 500m away (approximately). When it comes to language skills staff and students at WHU speak English well. When it comes to the population of Vallendar in general their English skills are on average very low /nonexisting. This language barrier is nothing to worry about though. II. ABOUT THE SCHOOL Please describe: WHU Otto Beisheim School of Management is ranked as the number one business school in Germany. It also have the highest percentage of alumni making €80 000 or more per year. The school is quite small, and class sizes (for MSc at least) range from approx. 6 - 150 students. The school buildings are situated in the center of Vallendar. The classes are very interactive, and the examination usually comprises of more than just final exam. Usually every class has at least one group project. The school is very focused around management and entrepreneurship, and a lot of the students have an entrepreneurial spirit. The community at WHU is very different from that of BI. Since the school is so small everybody knows each other and you meet each other all the time. . The student body consists of about 75% men and 25% women. Course registration You register for courses after you have arrived at WHU. The process is very easy however an inefficient intranet has a tendency to make the process a little frustrating. You can sign up for all the courses you want and then drop the ones you do not wish to continue with. That way you have a trial period where you can test different courses. The semester is divided into two quarters, so you have exams mid-way through and at the very end of you exchange semester. You only need to sign up for the classes you are taking t he first quarter when you arrive, and then you can pick the classes for your next quarter after your first exams. I do however recommend you to sign up early as they have a limited amount of seats available in each course. An important note: There is no official start or end for the sign-up period. This varies in each course and is determined by the professor. If you forget to sign up (or off) a course, there is nothing that can be done to help you. They are very strict. Also, sometimes you have to sign up for the exam separately from the course registration. They told us that they changed this and we did not have to sign up for courses this way after all, but it is smart to figure out if you have to sign up for the course and the exam separately. You never know if they changed policy again. Again the school will provide you with all the information you need with regards to this topic. Academic calendar Arrival date: August 24th First day of the semester: September 1st Last day of classes: December 10th Examination period: Until December 20th Arrival The first week is comprised of a couple of mandatory information meetings, and many “events” for the exchange students. The student pub, located conveniently right next to campus, is where you will meet the people you are to spend the next four months with. The classes did not really start properly until a couple of weeks into the semester so the first few weeks were kind of slack. The International Office The people at the IRO are very helpful if you have any questions regarding your Learning Agreement, transfer of grades, etc. Most of the information they provide is given via e-mail prior to your arrival, but they are always available if you ever need help with anything. Promoting BI and Norway I did not promote BI in any official way. Even though it would have been fun to participate in an international day like the one we have at BI. Social activities The introduction week is very including. The VIP (Vallendar integration…) really tries to arrange activities for the exchange students. Exchange students also always have their own night at the local pub called Tauschie Tuesday, which is always very fun. Many full time students also join this and you all have a good time. There are also a couple of school parties through out the semester. Most of them are located in “the Vaulted cellar”, which is huge hall located in the basement of the school. The hall looks kind of medieval and parties there are always fun. You are also more than welcome to try out for any of the sports they offer at the school. During the fall semester the students organize a huge sporting event called Euromasters, where universities from all over Europe come together and compete in a sporting arena in Koblenz (Tips: Search for «WHU Euromasters» on youtube). III. ACADEMICS In the classroom Lectures are very long here in my opinion. 2x90 minutes with a 15 min brake in between. You usually have one lecture a week per class, so you do not have too many lectures per week. The teaching style is very mixed. Some teachers are very theoretical, while others are much more practical. Almost all classes have some sort of group project and overall I would say that the teaching style is significantly more practical oriented than that of BI. While working on case projects etc. you will get to know many Germans, and the professors always mix exchange students and German students so that there are no groups consistent only of exchange students or Germans. This is actually a rule at the WHU. “At least one exchange student has to be assigned to each group whenever there is a group project”. The workload is not more than BI. It is about the same. I would actually go as far as to say that my first semester on master level at BI was harder than the semester I spent at WHU. The rumors that people tell you, that WHU is so hard and that the workload is so high are a myth!!! Course materials The professor provides you with almost all of the course material. I personally only bought one book. In the classes I had we did rarely even use articles. Most of the time it was just the slides and cases that made up the curriculum. I guess this vary from course to course though. From what I have heard most of the entrepreneur- and management classes require more reading than what the finance classes do. Again this also depends on the class. For instance my financial reporting class required quite a lot of reading but my financial valuation class consisted of only doing exercises. Exams The form of the exam differed between written, multiple choice or a combination of the two. As long as you study throughout the course you will have no problem receiving a decent grade, and often the exam only accounts for 50% of the grade. I actually liked the examination system here. You have two quarters in a semester, which makes the curriculum very comprehendible, and exams only lasts for 90 minutes. The grading normally is a combination between presentations, individual/group papers, class participation and a final exam at the end of the quarter. Library and technology You have access to school resources 24/7 with your student ID. This means that you can connect your laptop and watch movies, sports or have pre-parties with friends in the auditoriums at night. The technology standard is quite low compared to BI. The wifi crashes all the time, other than that everything is pretty good. They have a decent sized computer lab in the library where you can do school work or whatever else you want to do. Printing slides is very popular here (I rarely did this since I found it quite unnecessary) and you can print either at school or you can go to the local copy shop and find slides for all classes there. The latter is slightly more expensive but considering that the printer system at the school was always messing up my prints I found it easier to just pay a little extra to get it right. Description of courses Course code & name Master/ Bachelor Exam form Prerequisites Game theory Master In class group None work + individual homework 80% Individual presentation 20% Health economics Master 60% final exam 10% group work 30% group work International financial reporting 1 Master Financial valuation Advanced management accounting Appr Comments oved as Elective None Elective 80% Exam 20% Cases Some basic accounting knowledge would make it easier for you Elective Master 60% Exam 40% case competition Basic finance Elective Very interesting course you should definitely take this course Master 60% homework 40% Exam Basic management accounting, (Økonomi og virksomhets styring) Elective Summary It was a very interesting semester. I saw a totally different culture. Believe it or not, Vallendar, Germany is a totally different world from that of Scandinavia. I made a bunch of new friends from all over the world, and the school offered some interesting courses. This is for sure an experience I that I would never have wanted to be without. No matter if you want to go to the WHU or any other place I would definitely recommend strongly that you go on exchange.