Student Report University of St. Gallen Spring, 2013 I. PRACTICAL INFORMATION Before leaving Norway Before leaving we received an information email from the University through the international office at BI in the end of August. In the letter was a link to an online page, with a number of forms to fill in. On the online page you should basically fill in all formal information about yourself. You also had to decide if you wanted to rent a room through the university’s housing office in St.Gallen. Here you could enter your own specifications, and choose between three different price brackets and other specifications you might have about your future flat. It was a bit of work to complete all the registration, so it is really important, as they say, to read every email you get from the university carefully. Before leaving, you have to choose potential courses you want to participate in to BI to get the learning agreement approved, but the real distribution of courses aren’t carried out before you are in St.Gallen, and you have to bid for courses through the School’s bidding system. Applying for a visa (if applicable) To live in Switzerland as a student you need a visitor residence permit. However, you do not need this in order to enter Switzerland. You will receive all the information needed when you arrive at the university, and there is no rush to get the residence permit. The permit is obtained at the City Hall after filling out relevant forms received by the housing office and getting these stamped. The cost of the residence permit is less than NOK 500. Travel Travelling to St. Gallen from Oslo is of course, easiest done by plane. The nearest airport, approximately 1 hour by train from St. Gallen, is Zurich. The flight is around 2,5 hours long. The cheapest and best tickets we found were the youth fare tickets from SAS, found under “Offers” and “Special Prices”. If you order a couple of months in advance the price should be around NOK 1000. Trains from the airport directly to St. Gallen leave multiple times an hour and tickets are easily bought through machines at the station. If you are planning to travel a bit in Switzerland, the Half-Fare travelcard, and optionally Track 7(Gleis 7), should be considered. These can be bought at the airport/trains station before your first travel, and they will send the card to be picked up at the train station in St. Gallen. With the Half-Fare card you travel for half fare with all trains in Switzerland, and with Track 7 you travel for free after 7 pm. additionally you receive a discount on travels with bus, boat and for other activities as for example restaurants and ski resorts. They each cost approximately NOK 900, and you need the first in order to be able to buy the second. There are endless attractions around Switzerland, and you don’t have to travel a lot before the cost of these cards is earned. Housing With regards to housing there are two options; using student housing, or the private market. Student housing is easier, but more expensive, from NOK 4000-5500, while you can get private housing for less than NOK 3000. Although private housing is cheaper, student housing is recommended, much because of the social experience of living with other exchange students. There are quite a few forms to be filled out before you leave for St. Gallen, and we recommend that you are early in starting to do this. Student housing requires an advance payment in order to receive housing. Both Felicia and Mathias lived in an apartment facilitated by the student housing. Felicia lived with two other exchange students, with 30 exchange student in the same house, the apartment was bit outside city in Ruhsitzstrasse, so you had to buy a monthly bus card to get to school. The monthly rent was NOK 4500. Mathias lived with three other exchange students. There were four students in each of the four floors of the house. The apartment was in Rosenbergstrasse, very close to the city centre and within walking distance to the university, and the living standard was very high. Mathias paid approximately NOK 5000 pr. month. Other students in the same apartment paid a bit less, even though rooms were just as large. Location and living standard varies a lot, and both prices and distribution seems a bit random. If you go for using Student Housing, make shure you ask for an apartment close to the city centre, e.g. in Rosenbergstrasse. Costs Rent Books Food Transport NOK 5000 NOK 500 Norwegian prices Norwegian prices II. ABOUT THE SCHOOL The city is very small with about 70,000 citizens, and the university has approximately 7,000 students, so during the semester, the city is filled with a lot of students. The university is placed on a hill above the city centre of St.Gallen, so you will get a lot of training walking the stairs! The buildings of the University are maybe not the most inspiring locations, but you have all the facilities you need and expect. In the weekends, you have a lot of opportunities to travel, not just around in Switzerland, but you are also in a great position to travel to the neighbouring countries like Italy, Germany, France, Lichtenstein and Austria. In February and March, you have a lot of opportunities to go skiing, you are only a 2 hour train trip away from St.Anthon, or a 1 hour bus trip away from smaller local ski resorts in Switzerland. The sports facilities at St. Gallen University are great. Many activities are free, and those that are not are generally very cheap compared to usual rates. You can do almost any sport thinkable, usually with a professional instructor. Mathias did tennis lessons, volley-ball, badminton, rock climbing and frisbee. Other examples are skiing, horse riding, lacrosse, basketball, martial arts, dancing, paragliding, sailing, hiking, and the list goes on. Make sure you drop by the Sports Office as early as possible to get a program, and sign up for activities early, as they often become full. Course registration The course registration goes through a bidding system where you have to bid for courses to get your courses. You get an amount of credits and the bidding is like a game, where you have to have a tactic to get your courses. Each round lasts for one week, and then you know which courses you got, and which you didn’t get. But you shouldn’t worry you won’t get courses it will always be some “free courses” in the end, and you will get a lot of information about the bidding in the introduction week. Academic calendar Arrival date: First day of the semester: Last day of classes: Examination period: Any special events/holidays: Other: 02. February 19. February 24. Mai 13.-24. Mai Spring break: 1.-14. April Optionally centralized exams in June/July Arrival Describe the introduction week + Social activities The introduction week contained a German course and also social activities in the evening arranged by the “buddysystem” , which can be compared to “fadderullan” at BI. It was activities like a trip to Luzern, swiss fondue night, bowling, ice-skating and other theme-based evenings. The introduction week made it easy to get to know other exchange students, and have a lot of fun. The “buddysystem” also arranged activities through the whole semester, like a ski trip and other social events. It was not that easy to get to know the regular students as Swiss people have a lot of similarities to Norwegians, but in the classes where you had group work with regular Swiss students, it was easier to get to know them. The International Office The International Office at both BI and St.Gallen answered all the questions you asked for, and it was really easy to feel safeguarded. III. ACADEMICS In the classroom The teachers at St. Gallen use their own preferred teaching style. You can experience practical, theoretical, cases/lectures, block seminars, formal/informal lectures etc. Both the level and the work load at St. Gallen are higher than at BI. As an example, we experience two 3-point courses at SG as a much larger work load than one 7,5-point course at BI. Most exchange students take less than the normal 30 ECTS, and we would recommend you to go for 23 ECTS and do one extra course at BI before or after your exchange period. Consider choosing more qualitative courses than you normally would, as quantitative courses at St. Gallen are very technical. The first number in the course-code displays the level of the course. Generally, courses starting with 5 or lower are relevant for bachelor’s exchange students. Some courses with 6 are ok, but make sure you have the required prerequisites. Courses with 7 or more are master’s courses. The semester for exchange students is very short and intensive. Full-time students follow the same lectures as exchange students, but they have a four week “break” of exam preparation before they have their exam period in June/July. This is called “centralized exams”. Exchange students have the option to choose subjects with centralized exams, but this is very rare, and almost all exchange students finish their exams in the “de-centralized” exam period. These exams are generally easier. Consider taking a block course during spring break, in order to reduce the work load at the end of the semester. Course materials The teachers at St. Gallen use the course material they prefer. Material varies from books/literature to online articles, to Powerpoint slides and hand outs. Exams The courses and classes were very different depending on the particular course. Classes may have mid-terms, presentations, class participation, oral exams or papers. It is therefore important to read the course description very carefully so you don’t end up having just 100 % written exams. The good thing about the different types of classes is that the workload get more diversified during the semester, but almost of all the courses had a part of written exam in the end of May, which is a bit busy, because you have lectures until the exams and there is no “exams period” as such. Library and technology St. Gallen University is very well equipped. We spent very little time at the library, but it seemed. The school has good computer rooms and printing facilities. Make sure you go to the IT-course during the introduction weeks. Description of courses Course code & name 4,162 Asia Compact – Investment Management (Singapore) 4,254 Linear Models and Variance Analysis 6,264 Behavioural Economics 6,302 International Economics Exam form Prerequisites - Course participation 15% -Midterm exam: 15% - Student presentation in groups: 15% - Hand in paper in groups: 15% - 1,5 hour written exam: 40% 1 hour oral exam for exchange students: 100% (- Home exam: 50% and oral exam 50% for local students) 1,5 hour written exam: 100% Finance I - Independent studies (hand in paper and presentation): 50% - Oral exam for exchange students: Approved as Elective 8 ECTS Mathematics Statistics Econometrics Elective 3 ECTS Microeconomics I Elective 3 ECTS Macroeconomics I and II Elective 6 ECTS Comments A two week block seminar during spring break. First week in Singapore, second week in Kuala Lumpur, including lectures, seminars and company visits. Midterm/final exam is a few weeks before/after the exam, some work before and after must be expected. Travel and living expenses are not included. Very theoretically and technically advanced. Requires econometrics. Exchange students are offered an oral exam that is very easy compared to the written home exam fulltime students receives. Do the assumptions made in classic economic theory seem a bit off to you? Then this is the course for you. Combines Microeconomics with psychology. This is a very interesting course about international macro economics, including among other; trade theory, exchange theory, monetary/fiscal theory. It’s possible, and we did it, 50% 4,300 International Relations Theory 6,110- 28 Seminar (KPMG- Private Banking) For exchange students it was a paper of 4000 words you had to write in one week in the last week of May. (written exam for the regular students) 100 % presentation German 50 % written, and 50 % oral. 4,156- Logistics 70 % written exam, and 30 % group presentation. without Macro II as a prerequisite, but it’s hard and the workload is large. A course primarily for students studying International affairs. Interesting if you are interested in politics, maybe not the typical “business course” None 6 ECTS Interest in wealth management, research, thinking out of the box. Test in the beginning of the semester. 3 ECTS This is a very interesting seminar; you meet 4 times during the semester. You work on a real case for KMPG in groups of maximum 3. 4 ECTS Business knowledge 4 ECTS You learn a lot of German during the semester. You are in a class with 10-15 that meet twice a week, and it is a lot of talking, and you actually learn a lot, not only German, but also a lot about other cultures, because of the diversity of cultures in class. The course is primarily consisting of exchange students in a small class with 15 students. You get to know the logistic service business from a close hold. A final note The exchange experience has given a lot new perspectives of how to study. St.Gallen is a place you should go if you like an academic challenge. Even though it was a lot of school work to do, you still had time to be social and get to know people from all around the globe. The good thing about Switzerland is its position in the centre of Europe, so the travelling options around in Europe are huge, and we have never been in so many countries in such a short period. The stay in St.Gallen, have definitely given perspectives about the future, and given an indicator of what to do, and also what not to do in the future.