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I studied International Business at Carleton University in Ottawa, Canada, and I was able to do a year abroad in Austria.
I studied at the university of innsbruck. If you can get there I would highly recommend it. IF you are a skier, you need to study there. Vienna is a really nice city, but it is far away from the alps. Innsbruck has close access to over a dozen solid mountains and is the only way to go if you want to study in Austria.
As a resident expert on this subject I will weigh in.
I studied in Salzburg for Spring Semester of my Junior Year. VERY VERY sick. They have (hopefully they still do) a charter bus that goes to a different mountain every day of the week. It leaves from the same spot downtown and goes to one mountain on monday, another on tuesday etc, and then repeats each week. Very reasonable rate for a lift ticket and bus ride to and from the mountain (50 Euros I think when I was there 3 years ago). I brought beers, stashed them in the snow and drank them on the bus ride on the way home. The driver thought I was hilarious. I also made friends with the guide who knew each resort very well. He took me out of bounds and showed me all the dope spots. I will never forget him. He looks like Ben Bailey, the dude on Cash Cab.
I also did alot of weekend trips (Innsbruck, Interlaken Switzerland and everywhere in Austria by train. We had class 4 days a week with every Friday off so weekend trips were not an issue. Got about 25 days of ridiculous skiing. From skiing in a t-shirt through a farm in switzerland to waist deep pow in Arlberg.
I also found time to visit 13 cities in 9 countries including Munich, Prague, AMSTERDAM, Budapest, London, Corfu...the list goes on and on.
Also, went to school I guess but barely remeber that (they don't stress academics...as the shouldn't, it's about the culture. In short, STUDY ABROAD, doesn't matter where. I highly reccomend Salzburg cause it's beautiful, you'll get a great winter and some great warm weather before you leave. The skiing is out of this world, just like you see in the movies. And it's right smack dab in the middle of Europe so traveling to other parts of europe is very convienent.
Here are some basic tips for studying abroad in Salzburg. (and in general I guess)
1. Bring fat skis. I brought seths and didnt bring anything else, don't regret it (did have to have a binding replacement part mailed to me though)
2. Don't worry about money, you have the rest of your life to do that. Get a loan, get a credit card, go crazy. Work your ass off when you get back to pay it off as quickly as possible
3. Bang chicks. DON"T go with a girlfriend (to the same place or have one back home) You'll just cheat on her anyway and feel bad about it
4. AMSTERDAM (but only for 2 days, anymore and you will probably die)
5. Get black out at a beer hall in Munich
6. Have a cool roomate (if your roomate sucks, switch with someone. They will make or break your trip
7. Take pictures, you will look at them for the rest of your like going"Holy shiit I can't believe I did that"
8. Make a real attempt to learn the language, locals appreciate that and it's fun. But don't worry, everyone who's nice speaks english.
9. If you have to take summer classes or have a heavy load other semesters so you can abroad SUCK IT UP. You will not regret it. Obviously I didn't.
Sorry this post is so long. PM if you want more info on the program I went with, how it worked whatever. Happy to help. Hope these guidelines were atleast enteraining if not helpful.
Here is the link to the program I went with. I was a business major with an economics minor (exactly liek you) and I graduated from St. Michaels on time with an internship mixed in their. Not bragging. Just saying it can be done while skiing 75-100 days a year.
...on this I forgot to mention as a tip. Get a Euro Pass for the train. Gives you the freedom to travel anywhere without having to shell out $$ everytime you catch a train.
I studied two years of german before I went there, getting pretty poor marks, and I found it okay.
The younger people you will meet will usually speak really good english, especially if you are studying at university. Most of the time when I would even try to speak german they would switch to english immediately after recognizing that I was not a native speaker. It actually got kind of annoying at times.
If you are in some small remote town you might have trouble only speaking english, but eventually you will find someone to help you.