AY 2025-2026 Exchange School List and Key Facts
IMPORTANT: This application is for 2025-2026 admission cycle: include 2025 Fall/Winter and 2026 Spring/Summer (depends on schools)

Last update: 9:00 a.m. 18 March, 2025
Country
/Region
University Exchange Slots Exchange Program Offered Language Requirement Academic Calendar:
*FOR REFERENCE ONLY. PLEASE CHECK EACH SCHOOL*S FACT SHEET FOR DETAILED TERM DATES 
Fall/Winter 2025 Spring/Summer 2026
United States The George Washington University School of Business 3 1. MBA
2. Master
TOEFL internet exam (iBT): 100
or
Academic IELTS: Overall band score of 7.0, with no individual band score below 6.0
August 11 - December 16, 2025 January 5 - May 8, 2026
NYU Stern School of Business 1 MBA TOEFL: 100
IELTS: 7.5
August 28 - December 19, 2025 (to be confirmed) January 22 - May 13, 2026 (to be confirmed)
Emory University, Goizueta Business School 2 MBA TOEFL: 100
IELTS: 7.0
August 21 - December 20, 2025 January 8 - May 8, 2026
Canada Rotman School of Management, University of Toronto 2 MBA TOEFL: 100
IELTS: 7.0
Undergraduate or graduate degree earned from a recognized English language university
September 4 - December 12, 2025 January 5 - April 24, 2026

DBI summer program: Design Led Innovation for Global Leaders

Rotman School of Management, University of Toronto

2 MBA TOEFL: 100
IELTS: 7.0
Undergraduate or graduate degree earned from a recognized English language university
June 1 每 7, 2025 N/A
UBC Sauder School of Business 1 MBA TOEFL: 100
IELTS: 7.0
August 25- Dec 6, 2025 N/A
Queen's University, Smith School of Business 2 1. MBA
2. Master
TOEFL iBT - 100
 IELTS - 7.0
*Students in this program need to have a bachelor degree in Management Studies (Commerce, Business or Economics)
Sep - Dec (MBA) Jan - Apr (Master)
McGill University, Desautels Faculty of Management 1 MBA TOEFL: 100
IELTS: 7.0
August 27 to December 19, 2025 (includes exam period) January 5 to April 30, 2026 (includes exam period)
Schulich School of Business, York University 1 MBA TOEFL: 100
IELTS: 7.0
September 5 - December 14, 2025 Winter: January 2 - April 12, 2026
or
Summer: May 2 - August 3, 2026
Ivey Business School, Western University 3 MBA TOEFL: 90 (no individual scaled score less than 21)
IELTS: 6.5 (with no band less than 6)
Sept 8 - Nov 28 January 12 - March 27
Brazil FGV EAESP 2 Master No proof needed, TOEFL: 100, IELTS: 7 expected Module 1: from Aug 04th until Oct 2nd including exams | Module 2: from Oct 06th until Dec 12th including exams. Feb - Jun
Australia Melbourne Business School 2 MBA TOEFL: 102 (written score of 24, and no band less than 21)
IELTS: 7 (no single band lower than 6.5)
Term 4: September - December Term 1: January - March
or
Term 2: April - June
UK Warwick Business School 1 MBA TOEFL: 100 (Minimum component scores: Reading 22, Listening 21, Speaking 23, Writing 21) * only single most recent test date, not MyBest scores.
IELTS: 7.0 (All four languages elements have to be scored 6.0+, with maximum of two language components at lowest level 6.0 or 6.5.)
Sep - Dec Term 2: Jan - Mar
Term 3: Apr - Jul
Imperial College Business School 2
*Course offerings at MBA programs are limited
1. MSc (Spring)
2. MBA (Summer)

TOEFL: 100 overall (minimum 22 in all elements)
IELTS: 7.0 overall (minimum 6.5 in all elements)
*'My Best Scores' reported by TOEFL will not be considered.
Undergraduate or graduate degree earned from a recognized English language university

Please check out ICBS's exchange info through: https://ibconnect.imperial.ac.uk/ibexchange23/home/

N/A Spring: 03 January 2026 每 20 March 2026; Summer: 25 April 2026 每 26 June 2026
Spain Esade Business School 1 MBA TOEFL: 100
IELTS: 7.0
01/10/2025-23/12/2025 07/01/2026-23/03/2026
IE Business School 1 1. MBA
2. Master
TOEFL: 100
IELTS: 7.0
MBA: Sept. 1-Nov. 28, 2025 (may vary)
MIM: Sept. 1-Nov. 28, 2025
MBA: Jan. 12-April 10, 2026
MIM: Jan. 10-April 10, 2026
France HEC Paris 2 MBA TOEFL: 100
IELTS: 7.0
currently enrolled in fully English program
 September 15 to December 12, 2025 January 5 to March 27, 2026
ESSEC Business School 3 Master No proof needed, TOEFL: 100, IELTS: 7 expected

*Please check the latest language requirement for French visa application.
September 29 - December 19, 2025 Winter: January 12 - April 03, 2026
Spring: April 06 - June 26, 2026
EDHEC Business School 3 Master:
1. Lille campus (Business Management track)
2. Nice campus (Finance track)
TOEFL: 95
IELTS: 6.5
End of August to 3rd week of December Early January to mid May
ESCP Business School 1 Master TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
Sep - Dec Jan - Apr
Grenoble Ecole de Management 4 Master TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
early Sept to Dec 19 early January to end of April

*Spring semester not available for some MSc programs
Italy Bocconi University 1 Master TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
15/09/2025-31/01/2026 16/02/2026-04/07/2026
Luiss University 2 Master TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
9/4-12/20 1/29-5/23
Luiss Business School S.p.A. SB 2 (1 in Fall, 1 in Spring) MBA TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
October 25 - December 25 January - June
Students can attend the whole Spring Semester or two different Spring terms.
Spring Term 1 January - March
Spring Term 2 Late March - June
Germany WHU - Otto Beisheim School of Management 3 1. MBA
2. Master
MBA:
TOEFL: 100
IELTS: 7.0
Undergraduate or graduate degree from a recognized English language university
Master: No proof needed, TOEFL 95 or IELTS 6.5 expected
end August - end December early Jan - end April
University of Muenster School of Business and Economics 4 Master No proof needed, TOEFL IBT 95, IELTS 6.5 expected 01.10.2025-31.03.2026 01.04.2026-30.09.2026
University of Cologne, Faculty of Management, Economics and Social Sciences 2 Master TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
1 October to 28 February 2026 (Early Leaver option till 16 December 2025 1 April to 31 July 2026

Cologne International Summer University: Leadership & Diversity

University of Cologne

2 MBA TOEFL: 95
IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
4 每 14 August 2025 N/A
ESMT Berlin 2 Master TOEFL: 100
IELTS: 7.0
Undergraduate or graduate degree from a recognized English language university
September 每 December January 每 March
Munich Business School 4 Master TOEFL: 95
IELTS: 6.5
September 1st until November 30th 2025 January 每 April
EBS Business School 4 Master TOEFL: 90
IELTS: 7.0
21/08/2025 - 19/12/2025 15/01/2026 - 15/05/2026
Austria Vienna School of Economics and Business 2 Master No proof needed, TOEFL IBT 100, IELTS 7.0 expected Sep - Jan Feb - May
Switzerland University of St.Gallen 3 1. MBA (ISP)
2. Master
TOEFL: 100
IELTS: 7.0
MBA(ISP):
9 September to 20 November 2025
Master: Sep - Dec
MBA(ISP):
6 January to 12 March 2026
Master: Feb - May
University of Zurich 4 Master (exchange students have to obtain a bachelor degree
major in Business Administration / International Trade /
Finance / Accounting or related)
TOEFL iBT - 90
IELTS - 6.5
mid-September to mid-January mid-February to end of June
HEC Lausanne 2 Master No proof needed, TOEFL IBT 100, IELTS 7.0 expected 15/09/2025-31/01/2026 16/02/2026-04/07/2026
Denmark Copenhagen Business School 3 Master TOEFL iBT score of 95
IELTS minimum score 7.0
Undergraduate or graduate degree from a recognized English language university
Aug - Jan Jan - Jun
Sweden Stockholm School of Economics 1 Master No proof needed, TOEFL IBT 100, IELTS 7.0 expected 1 September 2025 - 18 January 2026 Jan - Jun
Stockholm Business School 2 Master TOEFL-internet: 80 (Writing: 20, Speaking: 20, Reading: 20, and Listening: 20),
IELTS: 6.5 or higher (no subtest less than 6.0 in the Academic Module).
1 September 2025 - 18 January 2026 19 January 2026 - 7 June 2026
Umea School of Business and Economics 2 Master No proof needed, TOEFL IBT 100, IELTS 7.0 expected September 1, 2025 - January 18, 2026 January 19, 2026 - June 7, 2026
The Netherlands Tilburg University 4 Master No proof needed, TOEFL IBT 100, IELTS 7.0 expected Mid August to mid January Late January to mid June
Erasmus University, Rotterdam School of Management 3 Master TOEFL iBT 80+ (minimum subscore of 18 for reading & listening, and 20 for speaking and 21 for writing).
IELTS 6.5 (minimum subscore of 6.0 for reading, listening, speaking, and writing).
August/start of September till Mid-December  end of January till end of June
Maastricht University School of Business and Economics 2 Master No proof needed, TOEFL IBT 100, IELTS 7.0 expected end of August - end of January end of January - begin of July
Norway BI Norwegian Business School 4 Master No proof needed, TOEFL IBT 90, IELTS 6.5 expected 8.08-20.12 5.01-17.06
NHH Norwegian School of Economics 3 Master No proof needed, TOEFL IBT 90, IELTS 6.5 expected mid-August 2025-mid-December 2025  Early January 2026 through mid June 2026
Finland Aalto University, School of Economics 2 Master No proof needed, TOEFL IBT 92, IELTS 6.5 expected Aug - Dec Jan - Jun
South Africa University of Stellenbosch Business School 2 1. MBA
2. Master
No proof needed, TOEFL IBT 95, IELTS 6.5 expected mid-July until end of November end of January - mid June
Hong Kong, SAR HKUST Business School 2 MBA TOEFL: 100
 IELTS: 7.0
Aug 25, 2025 - Dec 21, 2025 Jan 26, 2026 - May 31, 2026
Faculty of Business and Economics, The University of Hong Kong 3 MBA TOEFL/ IELTS (academic): TOEFL - 80 (internet base) / IELTS - 6.0 (no subtest lower than 5.5) N/A Jan 2 - Jun 30
The Chinese Universtiy of Hong Kong 2 MBA TOEFL: 100
 IELTS: 7.0
September to December 2025 March to June 2026
Taiwan region College of Management, National Taiwan University 2 1. MBA
2. Master
TOEFL: 90
 IELTS: 6.0
Early August 2025- January 2026 Early February2026- July 2026
College of Commerce, National Chengchi University 2 1. MBA
2. Master
No proof needed, TOEFL IBT 95, IELTS 6.5 expected 08/09/2025-25/12/2025 (TBC) 24/02/2026-12/06/2026 (TBC)
Korea Korea University Business School 2 1. MBA
2. Master
TOEFL 90
IELTS 6.5
September 2 ~ December 20 (tentative) March 3 ~ June 20 (tentative)
Singapore National University of Singapore 2 MBA TOEFL: 100
 IELTS: 7.0
8/11- 12/06 1/12-5/9
Nanyang Business School, Nanyang Technological University 2

*Course offerings during Fall term may be limited
MBA
TOEFL: 100
 IELTS: 7.0
Student may apply for either half or the full trimester. our calander for Trimester 2 2025 is not ready but you may refer to our current AY schedule. 1st half: 11 November 2024 to 21 December 2024. 2nd Half: 6 Jan 2025 to 22 Feb 2025 Similarly, you may refer to our current AY calendar as our AY25-26 calendar is not ready. Trimester 3: 3 March 2025 to 31 May 2025
Japan Waseda University 1 Master TOEFL: 90
 IELTS: 6.0
Undergraduate or graduate degree from a recognized English language university
2025/10-2026/2 2026/4-2026/8
Israel Coller School of Management, Tel Aviv University 2 MBA TOEFL: 100
IELTS: 7.0
Undergraduate or graduate degree from a recognized English language university
Oct 26, 2024-Jan 25, 2025 March 15-May 2, 2025
Thailand Sasin School of Management, Chulalongkorn University 2 MBA TOEFL: 95
 IELTS: 6.5
Undergraduate or graduate degree from a recognized English language university
September 5, 2025 - January 11, 2026 February 20 每 July 26, 2026
India Indian School of Business 2 Master No proof needed, TOEFL IBT 95, IELTS 6.5 expected Aug 25, 2025 - Oct 5, 2025 Feb 23, 2026 - April 2, 2026
India Institute of Management, Ahmedabad 2 MBA TOEFL: 95
 IELTS: 6.5
Term V: Sep - Dec Term VI: Dec - Mar