Category: Faculty of Economic and Management Sciences

  • Wouter Bezuidenhout at University of Zurich, Switzerland

    Wouter Bezuidenhout at University of Zurich, Switzerland

    Wouter Bezuidenhout

    MCom in Economics

    Semester Exchange in the First Semester, 2022 at the University of Zurich

     

    Pre-departure:

    The University of Zürich (UZH) has an excellent international exchange where an exchange coordinator assists you in preparing all your documents. This is facilitated through their “Mobility Online” platform. After filling in my application and sending documents to UZH, I received a letter of acceptance from them that I had to send to the Swiss Consulate in Pretoria together with my passport. I received my passport back within 1-2 weeks along with my entry visa. Due to UZH’s assistance, this process was greatly efficient.

    Using the Mobility Online platform, I also applied for housing at the UZH/ETH housing office, and I was allocated a room. The housing office has a partnership with WOKO, a non-profit company that provides housing to students in Zürich. I stayed at the WOKO in Casar-Ritz-Strasse 1, and from my experience, this is where most of the exchange students got placed. I am glad that I chose to stay in the WOKO as one meets many international students who are keen to combine plans and travel together etc. It is also affordable, I paid CHF541 per month.

    Choosing subjects is a tough decision from so far away, but nothing is set in stone as changing subjects once at UZH is really easy. UZH and ETH are positioned right next to another. ETH is the technical university and is world-famous. One cannot do an exchange from SU to ETH, however, once at UZ Hit is really easy to register as a special student and do a few classes at ETH. I did two subjects, and I am really glad that I did. The subjects were part of the Management & Technology (MTEC) master’s programme, which is comparable to an MBA.

    Being an exchange student means you automatically have access to the ASVZ, which are the sport and gym facilities of UZH & ETH. This is a great opportunity to try new things and enjoy it. Lastly, and most importantly, I applied for a scholarship/bursary with the Heyning-Roelli foundation. This is a detailed application process, but it is so worth it. This is for anyone studying in Switzerland. You can google their name for the website and see the forms you need. I received a bursary of CHF5000 of which CHF300 was paid after my exchange experience report was handed in following the completion of my exchange. I therefore received CHF4700 into my Swiss bank account.

     

    Experience at the Host University:

    I think if you’re in finance, economics or interested in business–then I would definitely not look further than Zürich. It is the hub of financial excellence, entrepreneurship, and banking. I had an elective course taught by a UBS banker for example. It was excellent. Zürich is phenomenal, and I would recommend it highly. The only downside is that Switzerland is expensive–but the bursary goes a long way. It is also possible to save money on train tickets if you are quick. Once I arrived at Zürich Airport, I immediately went to the SBB office to buy my train tickets. There are certain advantages to being under 25 when buying train tickets, and because I was turning 25 two weeks after I arrived, I bought annual passes upfront. I bought the Zone Ticket for Zürich (Zone 110) for a year-pass, I bought the Seven-25 ticket, and the Half-Fare ticket. The Zone ticket is a no-brainer, whilst the other two depend on your objectives. TheSeven-25 ticket allows you to travel the whole Switzerland for free after 7pm and before 7am. I am happy I got this as I did many domestic trips to other parts of Switzerland and the ticket quickly became cost-effective. The half-fare ticket gives you discounts on tickets purchased–and in my case was used for discounted prices on longer trips or shorter trips outside the zone. This is up to you, but it is a must if you don’t take the Seven25.
    At the school, I chose subjects that were part of the Quant Finance Master’s programme hosted by both UZH & ETH. This is a well-regarded programme that is very rigorous. I did Advanced Credit Risk Modelling, Quant Finance, and Swiss Financial Regulation. I would look at the subjects on Corporate Finance too. At ETH, I did Design Thinking & Lean Startup. I would recommend Design Thinking highly. It gave me substantial exposure to different institutions and people by doing modules at ETH & UZH, and I would therefore really recommend it. As I said previously, changing subjects is easy–and therefore enroll for a few subjects and figure out which ones fit your schedule best.
    Europe is really accessible for travelling so I did a lot of it, and I was really happy about this. I travelled to 9 countries in total besides Switzerland. Flixbus is your friend, and so are Easy Jets, Ryanair & Wizz Air. I also went skiing in Switzerland, and that was really a highlight. Zürich has a lot happening all the time. During summer months, there are many places to swim by the lake. I watched the Zürich Football derby, FC Zürich vs Zürich Grasshoppers–and it was great. I would have loved to watch the ice hockey too; the Zürich team is good. In the first two weeks after arriving, there is an Intensive German course offered. I did not do this–because I still had a lot of SU work to finish up. But it is something I would recommend if you wanted to quickly meet a lot of people who are exchange students.
    Wouter on a trip
    Also, quick tip: once you arrive, you need to go to the Kreis Buro to register for your residence permit – this replaces your visa and is NB. I recommend you do this on your first or second day. There is quite a hefty fee you pay for this, however once you are given a temporary residence permit, you can use this to open a bank account. I opened an account with UBS as they have a completely free account for students.

    Return to Stellenbosch:

    I am on my way back to SA now, and I am already missing Zürich. An exchange is a good experience because one is immediately completely responsible for your whole person. So, there is an opportunity to really grow and learn to become stronger. An exchange also gives you academic freedom to explore, and this is important. I transitioned from Economics towards Finance using the exchange as a platform.  It is an incredible opportunity to network too, both professionally and socially. I have made a few good friends who I hope to stay in contact with. Switzerland stands in large contrast to South Africa. One sees in Zürich the level at which things can operate and how well. But one also really appreciates the tight knit communities in SA and the spirit of South Africans.

  • Annelie Wessels at Tilburg University, The Netherlands

    Annelie Wessels at Tilburg University, The Netherlands

    Pre-departure

    At first, I felt overwhelmed by what seemed to be a lot of admin from Stellenbosch University’s side. Little did I know that was only the beginning. I can, however, say that all the admin was totally worth it. An useful tip: make sure to scan through your e-mails every day in case you received important information or a deadline. Especially be careful when applying for your visa that you are on time and have all the necessary documents. Again, I can say that all the admin was totally worth it and the Dutch Immigration office, especially, made life very easy for me. They guide you step by step and tell you exactly what procedure to follow. After I applied for my visa it only took 5 days before it was ready for collection. Super service. And a lot of super service was yet to come.

    Accommodation

    I initially tried to get into Verbs, a hostel like environment, where a lot of international students live and each floor share a kitchen and a bathroom.

    As there is limited space, I did not get in and had to search for private accommodation. I made use of the website Kamernet.nl. There are also a lot of other websites (which Tilburg University will provide you with) and Facebook groups like I*ESN Marketspace and Students looking for a room in Tilburg/Homeless students Tilburg. I was very lucky to find an opening in a flat with four other girls, very close to the university (1km away from most of my classes). It was important for me to stay close to the university, as I biked everywhere and it can be a bit inconvenient to bike in the winter as it rains often. The university also has a train station that is like 1km away, so if you live close to the centrum, you can use the train or even the bus. There are various bus stops all over the city and one on campus. I preferred to pay a little more on rent and live closer and save on transport. My rent was €500 per month, where Verbs is much cheaper. There are also places like CobbenCampus where you can rent studios, but that costs are in the range of €900 per month. I would say you can get a decent room for €350 – €400. Make sure to get a rental agreement or contract as you would need it to register at the town council (Tilburg Gemeente).

    Registration and Orientation (Top Week)

    Tilburg University has a day specially set out for international students to register. Not much happens on that day, but, if you can attend it, it is very useful to do so. The university arranged with the city council to be present, so you can make an appointment to get your residence permit. The bank were also there for you to make an appointment to open a bank account. Super convenient.

    After that, TOP week follows. It is like orientation week at Stellenbosch where the international students get divided into groups with mentors and get to do a lot of fun things during the week. I made my best friends during TOP week. I would highly recommend.

    Covid-19

    Our classes got cancelled in middle March and we immediately switched over to online teaching. All our classes and presentations were done online. Except for our March exams that were moved to June, we did not lose any classes and our schedules continued as normal. My exam finished two weeks later than planned, but luckily we could finish the semester more or less in time.

    The lecturers were all very helpful and understanding and made a lot of effort to make the transition as easy as possible. It was thus very important to have a stable internet connection and a decent laptop (with a webcam) as all our classes, presentations and tests were done from home. Our exams were done through Test Vision or Proctorio.

    Coming back

    I extended my time in Tilburg with a month. I asked my landlord for two extra weeks and spent the other two weeks either travelling or with friends. I initially struggled to get a flight through the embassy or SAA, but I found one with KLM. Their service was extremely quick and effective and I would recommend flying with them (direct). I also applied for self-quarantine so that I could quarantine at home and not at a government facility.

    General

    I cannot express enough how much I enjoyed my exchange. In spite of Covid-19, I had the best six months of my university career. I tried to stay positive during the difficult times and just embraced everything.

    I made some really good friends (both international and Dutch). I would recommend for you to join a club or an organisation. I play table tennis, so I joined the table tennis team of the university and we played league matches and trained every week. That was super fun.

    I also joined a church (Ontmoetingskerk) where I joined their international meeting group, Connect. There I made some Dutch friends as well as met a lot of international students.

    I think it is important to take part, does not matter where, as long as you are willing to get out of your comfort zone, meet new people and experience new cultures, ideas and adventures.

    Although Tilburg is not a typical Dutch city, it is a student and family city with a lot of international students and you will easily feel at home. Small enough for you to experience all parts of it and find your place, but big enough to have a lot of fun places, shops, bars, restaurants and parks.

    I made use of the public transport in the Netherlands (with a weekend vrij subscription on my OV-chipcard) and were able to see more than 20 Dutch towns. I also went to Bratislava (Slovakia), Prague (Czech), Vienna and Salzburg (Austria), Zurich and Luzern (Switzerland) and Frankfurt and Cologne (Germany). I think if it wasn’t for Covid-19, I would have travelled more, but I am happy with what I did in the time that I had. Also make sure to try some Dutch cuisine when you are over there. They might surprise you.

    I would go back in a heartbeat.

  • Lize Victor at University of Amsterdam, The Netherlands

    Lize Victor at University of Amsterdam, The Netherlands

    Pre-departure:


    Here you should focus on your preparations for your trip abroad. It should include information about the visa application, as well as suggestions or “tips” regarding what works well and/or areas for improvement.

    At first glance, the pre-departure process for this exchange seemed quite daunting and complicated. Everything was actually very straight forward once you started the process. Learning agreements had to be completed and the complexity of this largely depended on how easily courses at our host universities could be found. Some course catalogues were simple to follow while others were slightly more intricate. The upside of this was that it really encouraged an in depth look into the courses we wanted to do at each university, allowing for a much clearer picture of which universities we preferred. Personally, once I knew which university offered the courses most in line with my interests, I felt much more comfortable and at peace with my top 3 choices. UvA had a good mix of softer business subjects that I wanted to take such as Retail Marketing, Human Resources Management, and Strategic Management.

    In terms of the visa process, much of the brunt work was handled by the university when we filled in the online application on SunLearn. All that was required from us was to make the appointment at our nearest embassy and to provide the documents outlined on their websites. Due to the routine nature of sending students abroad on exchange and the online SU application (I was already in their system), my visa appointment took a total of five minutes. Important to note is that these appointments need to be made with a safe window of time before you leave on exchange. My visa only took 3 days to be approved, but sometimes it can take much longer. Furthermore, when you go to the appointment, they will take possession of your passport while your visa is getting approved (usually not longer than 2 to 3 weeks), so do not plan any trips where you will need your passport while this is taking place. Your visa will only be valid for 3 months once it is placed in your passport. After this, you will get your temporary (6 month) residence permit at your host university. This is generally the most important document to carry once you are on exchange, though you will always need your passport to cross any border, even in Europe. Additionally, remember not to compare or equate your process with the processes of others going to different universities – every situation is different. Do thorough research (websites, past experiences, call the embassies), make clear lists of tasks that need to be completed and documents that need to be completed before your appointment.

    Areas for improvement include more clarity of what is expected of students and the illumination of certain warnings since not all students have the same background knowledge of visa processes. Having someone to individually give advice (mentorship program for International Business) will definitely be helpful with regard to the visa processes.

    Experience at the Host University:


    This section should include information about the academic programme, as well as other activities done during your stay abroad. Describe the academic programme in detail and more importantly compare your experience with what you have experienced at Stellenbosch University.

    The Dutch grading system works on a scale of 1 to 10, one being the worst and 10 the best. Six is the minimum passing grade (this may vary module to module), with most students attaining grades from 6 to 8. Nine is rarer and ten is very rarely attained. There are three blocks in a semester, the first two consisting of eight weeks, and the last one consisting of four weeks. We have to attain 30 ECTS, which generally means five subjects. In my experience, it was much easier to do 3 in the first block and 2 in the second. There tends to be a lot going on in Amsterdam/Europe over Christmas time so focusing on 3 instead of 2 subjects later on in the semester would have been more difficult. In the first block I took Human Resource Management, Retail Marketing, and Cultural Industries, and in the second I took Corporate Social Responsibility and Strategic Management.

    Compared to Stellenbosch, actual contact hours each week for classes are quite low since there are so few subjects being taken at a time. In my subjects, lecture slides were organized per week. During lectures, I would take notes as the lecturer went along with their slides, and then whatever I did not finish I would go back over later and complete. I found that this helped me keep up with the general content, which I would then go and fill in with more detail with the textbook before the exam. The workload for my subjects was very manageable if they were kept up with in this way. For some subjects there were weekly group assignments and presentations, but generally most of the pressure came the week before the exam. Many of the tutorials are compulsory but will allow you to miss one, so coordinate travels with those dates/timetables before booking anything. The final grade of my subjects was usually made up of a group project/assignment and then an exam (some other subjects will have midterms during week four of the block). Exams were mostly multiple choice.

    In my opinion, setting goals before going on exchange is very important. I went into exchange with two focuses in mind: doing well in my studies but also leaving enough time to travel in between. Going away almost every weekend, travelling to Germany, Sweden, Czechia, Italy, Spain, Ireland, France, and Belgium, I went to many more places than I had intended. Realistically, the only way to do this is to work hard during the week, keep up to date with the work, so that you can travel during weekends. It was exhausting at times, but I do not regret anything regarding my travels and how I found the balance between academics and fun. I adored Amsterdam and don’t doubt that it was the best setting for my incredible exchange experience.


    Return to Stellenbosch:

    Write about the process of returning to life in Stellenbosch / South Africa, and how your experience abroad changed your perspective on certain things in South Africa. Also refer to how your trip possibly influenced your future plans and if you are planning to go abroad again.

    Amsterdam will always hold a special place in my heart. The people are blunt but friendly, the public transport is simple, the outskirts are wholesome, and the city center is exciting and fun; there is something for everyone. Amsterdam is extremely liberal/egalitarian and exceptionally diverse. The first time you venture into the city is somewhat of a baptism of fire: with its coffee shops and red-light districts. South Africa was a lot more conservative than I had previously realized, and returning home highlighted that fact even more. In terms of navigating the city, it must be one of the simplest cities for South Africans, especially Afrikaans South Africans. While everyone speaks excellent English, much of the administrative side of exchange is in Dutch (e.g. banking). Having a handle on the language gives you an instant advantage and makes everything go smoother.

    The contrasts between a first world country like the Netherlands and a third would country like South Africa really came into focus. Safety, efficiency, progressiveness, education, all these things are starkly different between the two countries, but both have upsides and downsides. The Netherlands, while being beautiful and technologically advanced, was very expensive and still lacked a sense of warmth that South Africa has. South Africa is dangerous and has problems like load shedding and draught, but in the end, it is home.

    After I flew back on the 27th of January, having spent a month in Amsterdam without actually having class (I got a job during that month), I only had a few days to get my things together and catch up with my family before coming back to Stellenbosch. The readjustment process was easier than I had thought, considering many people had previously discussed how surprisingly difficult it was. I attribute that to the fact that my three best friends in Stellenbosch are also studying International Business, had gone on exchange, and therefore had gone through similar experiences as me. It helps to talk about it. That being said, it was also just so nice seeing everyone and being back where things made sense and you had the support of your people. I do find myself missing the feeling of Amsterdam sometimes. There was something freeing (though sometimes isolating) about the anonymity of the city.

    Having friends back in South Africa who understand what you went through on exchange is a huge advantage. Stick close to your International business group because they can help make your transition back into South African university life a lot more seamless. Exchange was such a massive learning experience, housing tough times and good times equally well. It teaches you to shoulder the weight and responsibility of being an adult on your own, because that’s difficult to simulate in your own country, in your own comfort zone. Being abroad for six months really opens your eyes to the possibility of more beyond South Africa. Everything feels less far away than it did before. I would love to do a masters abroad or become an expatriate for a portion of my life at some point. However, I mostly grew up in Europe and the USA (living in Belgium, Czechia, and Arkansas), so for now I want to stay here and make a life for myself in South Africa.