Hey nashsth,
I'm pretty sure the exchange program is more or less the university saying, "you can go study abroad if you want, we won't stop you." That's really about it. They aren't going to give you any money (afaik), and you will need to pay international tuition to attend the new school. I'm not sure how much schooling in Copenhagen would cost, but at McMaster, the international students pay about 3x annually what we do. Then factor in the increased cost of living, plane ticket etc...If you have the money for this, then by all means give it a shot. As for actually getting a work visa, that may be complicated as the other posters have pointed out.
I do appreciate your enthusiasm, so sorry for pointing out some unpleasant truths, but you still have other options!
It would be very expensive for you to leave for a semester/year, but what you can do is stay 4 months during the summer! The Department of Engineering offers the McMaster Engineering Student Mobility Award for international experience. It's fairly new. It will cover $4000 of travel expenses if you can find a career/volunteer/research opportunity abroad that you feel will be valuable to your personal and professional growth, then the department may give you one of these awards. Lynn Stewart (
[email protected]) is in charge of this program if you have any questions. There are additional bursaries you can apply for as well from either the university itself (both McMaster and your new one), and your department (Tron, then if you're in Society or something, they also have a travel bursary).
If you have any questions about international experience, feel free to PM me.