programs) Tuition and selection process The tuition fee per academic year 2023/2024 for WHU's undergraduate students is €15,800 for those who are citizens of EEA countries and Switzerland, and €25,900 for citizens of non-EEA countries. The tuition fee for the Master of Science in management, finance and entrepreneurship programs are €28,300 for the 90 credit track and €34,800 for the 120 credit track. Scholarships, tuition waivers and financial aid schemes are available for eligible students. The selection process for the undergraduate programmes consists of two separate parts. Students are preselected according to their academic and personal achievements and are offered a chance to compete for one of the roughly 240 seats per year at the final selection day. During that day, candidates deliver presentations, are interviewed by representatives of the private business sector and undergo an analytical IQ Test. Accreditations All WHU degree programs are recognized by the German state and accredited by the Foundation for International Business Administration Accreditation (FIBAA). In addition, WHU holds accreditations from the Association to Advance Collegiate Schools of Business (AACSB) and from the European Quality Improvement System (EQUIS). Together with ESMT Berlin, the Frankfurt School of Finance & Management and the University of Mannheim, WHU is one of only four German business schools to be accredited by both the AACSB and EQUIS. Rankings WHU's master's program in management was Germany's top-ranked program for nine years in the last decade by the Financial Times, including for five consecutive years between 2013 and 2017. The Economist ranked WHU third worldwide in its inaugural Master in Management ranking published in 2017. In 2019, Times Higher Education ranked WHU third worldwide in its Master in Management ranking. As of 2021, WHU's placement and career services departments have been ranked among the top two worldwide for the twelfth time in a row by the Financial Times' Masters in Management rankings. WHU has maintained the first position in Germany in every Master in Management ranking published by The Economist and QS till date. In 2020, the Financial Times ranked WHU first in Germany for all its programs: MBA, Master in Management, Executive MBA, and Master in Finance. In the list of business schools with the most unicorn-founding alumni, WHU is placed fourth globally, tying with INSEAD, behind Harvard Business School, the Stanford Graduate School of Business and the Wharton School. According to the BYU PhD ranking that tracks alumni publications