Top 10 Affordable & Cheapest MBA Universities in Europe (2024)

Top Affordable Universities in Europe

Europe may not be particularly affordable for an MBA at first glance, but with research, you can find the best universities that align with your goals. Here, we have discussed the top 10 affordable universities for an MBA in Europe for Indian students:

1. University of Europe for Applied Sciences

The University of Europe for Applied Sciences (UE) is a private institution in Germany, that offers a variety of programs with a strong emphasis on practical, hands-on learning in fields such as business, technology, and design. It operates campuses in Berlin, Hamburg, and Iserlohn, fostering an international and innovative educational environment.

2. International University of Applied Sciences

The International University of Applied Sciences (IU), based in Germany, is a private institution offering a wide range of programs on practical and career-oriented education. It provides flexible learning options, including online and on-campus studies, catering to a diverse international student body.

3. Warsaw Management University

Warsaw Management University (WMU) is a private institution in Poland, specializing in management, business, and social sciences. Known for its practical approach to education, WMU offers a variety of undergraduate and graduate programs aimed at preparing students for dynamic careers in the global market.

4. Turība University

Turība University, located in Riga, Latvia, is a private higher education institution known for its strong emphasis on business, law, and communication studies. The university offers a range of undergraduate, graduate, and doctoral programs, focusing on practical skills and international collaboration.

5. Global College Malta

Global College Malta (GCM) is a private higher education institution in Malta, offering a variety of postgraduate programs with a focus on business, management, and technology. Known for its international orientation, GCM provides a modern learning environment designed to prepare students for global career opportunities.

6. National College of Ireland

The National College of Ireland (NCI) is a distinguished educational institution located in Dublin, Ireland. It offers a wide range of postgraduate programs in business, computing, psychology, and education. Known for its strong industry links and emphasis on employability, NCI provides a modern and supportive learning environment geared towards practical and career-oriented education.

7. NEOMA Business School

NEOMA Business School, based in France with campuses in Rouen, Reims, and Paris, is a prestigious institution. It offers diverse graduate and executive education programs in business and management. Renowned for its rigorous academic standards and strong focus on innovation, NEOMA prepares students for successful careers in the global business landscape.

8. SKEMA Business School

SKEMA Business School is a renowned global business school with campuses in France, Brazil, China, South Africa, and the USA. It offers a wide array of programs in management, finance, and business administration, emphasizing innovation, sustainability, and digital transformation to equip students for international careers.

9. International Business Academy

The International Business Academy (IBA) in Kolding, Denmark, is a prominent institution offering a range of postgraduate programs in business, marketing, finance, and IT. Known for its international focus and practical approach to education, IBA provides students with skills and knowledge tailored to the global business environment.

10. Griffith College 

Griffith College, with campuses in Dublin, Cork, and Limerick, Ireland, is a leading private higher education institution. Known for its diverse range of courses in business, law, computing, design, and media, Griffith College emphasizes practical skills and industry connections to prepare students for successful careers.

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Best & Affordable Countries to Pursue an MBA in Europe

According to a report from the Indian Government's External Ministry, more than 50,000 Indian students studied in Europe in 2024. There are 300 universities in 44 countries across Europe. This opens up exciting prospects for Indian students seeking a world-class MBA education without breaking the bank. Here are some of the top affordable countries to study for an MBA in Europe for international students:

• Latvia
• Poland
• Malta
• France 

(Germany, Denmark, and Ireland are also worth considering, offering a good balance between affordability and program quality)

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Popular MBA Programs in Europe

European universities cater to diverse interests by offering numerous MBA programs. You can choose from specializations like:

• Finance: Gain in-depth knowledge of financial markets, analysis, and investment strategies.
• Business Analytics: Develop expertise in data analysis, visualization, and its application to solve complex business problems.
• Entrepreneurship: Learn the fundamentals of starting and running your business, fostering your innovative and creative spirit.
• Marketing: Develop a strong understanding of consumer behavior, marketing strategies, and branding techniques to excel in today's dynamic market landscape.
• Human Resources: Master the intricacies of human resource management, talent acquisition, and employee development, becoming a valuable asset in any organization.
• Supply Chain Management: Gain expertise in optimizing the flow of goods and services, ensuring efficient and cost-effective supply chains.
• Operations Management: Develop the skills to streamline business operations, improve efficiency, and maximize productivity.
• Accounting: Master the principles of financial accounting, auditing, and taxation, becoming a financial whiz.
• International Business Management: Equip yourself with the knowledge and skills to navigate the complexities of global business, operating across borders and cultures.

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Scholarship Opportunities for Studying MBA in Europe

Studying for an MBA in Europe can be a significant investment, but there are numerous scholarship opportunities available to help alleviate the financial burden. Here are some of the country-wise scholarship opportunities for MBA students in Europe:

Study MBA in Germany

The top MBA scholarships for an affordable MBA in Germany for Indian students are:

• Visegrad Scholarship
• POLONISTA Scholarship & Fellowship
• Ignacy Lukasiewicz Scholarship Programme

Study MBA in Latvia

The top MBA scholarships for an affordable MBA in Latvia for Indian students are:

• Higher Education Scholarship Test for Indian Students
• AMBA 50th Anniversary Scholarship

Study MBA in Ireland

The top MBA scholarships for an affordable MBA in Ireland for Indian students are:

• Irish Aid Funding Fellowship Training Program
• DIT Centenary Scholarship Program
• GMAT MBA Scholarships

Study MBA in France

The top MBA scholarships for an affordable MBA in France for Indian students are:

• Ile de France Master’s Scholarship
• Erasmus Mundus Scholarship
• The Eiffel Scholarship

Study MBA in Denmark

The top MBA scholarships for an affordable MBA in Denmark  for Indian students are:

• Erasmus Mundus Scholarship
• Danish Government Scholarship for Cultural Agreements

How to Choose the Right MBA Program in Europe? 

European universities offer various MBA program formats to suit your needs and schedule:

• Full-time: This traditional intensive program allows you to focus solely on your studies, fostering a deep immersion in the academic environment (typically lasting 1-2 years).
• Global: Designed for those seeking an international perspective, these programs often incorporate overseas study modules, allowing you to gain firsthand experience in different business cultures.
• Executive: Catered towards working professionals, executive MBA programs offer flexible schedules, often with evening or weekend classes, enabling you to balance your studies with your career (typically lasting longer than full-time programs).
• Part-time: Providing even greater flexibility, part-time programs allow you to spread your studies over a longer period, managing work or other commitments alongside your academic pursuits.
• Online: In today's digital age, several universities offer online MBAs, allowing you to pursue your education remotely through online learning platforms, providing maximum flexibility for location and schedule.
• Specialized: These tailored programs focus on specific industry sectors, such as healthcare or sports management, allowing you to develop expertise in a particular area.

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Job Prospects after an MBA in Europe

An MBA in Europe can open doors to exciting and rewarding career opportunities. Graduates can expect an average annual salary of €90,000, making this investment worthwhile. Some potential career paths you can explore include:

• Human Resource Manager: Oversee all aspects of human resources within an organization, from recruitment and training to employee relations and compensation.
• Sales Manager: Lead and motivate sales teams, develop strategies to achieve sales targets, and build strong client relationships.
• Global Consultant: Provide expert advice and solutions to multi-national businesses, tackling complex challenges and fostering international collaboration.
• Financial Advisor: Offer financial guidance and wealth management services to individuals and businesses, helping them achieve their financial goals.
• Fashion Brand Manager: Oversee all aspects of a fashion brand, from product development and marketing to distribution and sales.
• Investment Analyst: Research and analyze investment opportunities, recommending suitable investments to clients and managing investment portfolios.
• Information Security Analyst: Protect an organization's IT infrastructure from cyber threats, ensuring data security and compliance with regulations.
• Risk Manager: Identify, assess, and mitigate risks, developing strategies to minimize potential losses.
• IT Manager: Lead and oversee an organization's IT department, ensuring smooth operation and efficiency of IT systems.
• Marketing Manager: Develop and implement marketing strategies to promote products or services, manage budgets, and analyze marketing campaigns.
• Regional Marketing Manager: Oversee marketing activities within a specific region, tailoring strategies to local markets and customer preferences.
• Project Manager: Lead and manage projects from start to finish, ensuring they are completed on time, within budget, and according to specifications.
• Business Analyst: Analyze business processes and identify areas for improvement, developing solutions to enhance efficiency and profitability.
• Supply Chain Manager: Oversee the entire supply chain, from sourcing materials to delivering finished products to customers.
• Logistics Manager: Plan and coordinate the movement of goods and materials, ensuring efficient and cost-effective logistics operations.
• Operations Research Analyst: Apply analytical techniques to solve complex business problems, optimizing processes and maximizing performance.

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From the Desk of Yocket

European MBA programs offer affordable options for international students, with costs between €9,800 and €35,600. This opens doors to work across the EU and gain a globally valued degree. Top reasons to pursue an MBA in Europe include affordability, prestigious universities, and career prospects.

What are you waiting for? Get into a top European university without breaking the bank! For further assistance, feel free to connect to Yocket experts. We have helped over 10,000 students get admitted from top universities abroad. Join Yocket Premium to get personalized counseling from our experts and be one of them!