Europe is a hub of endless possibilities and opportunities. The dazzling culture, welcoming people, high standard of living, flora and fauna, and of course, the top educational institutions in Europe attract international students from across the globe. Amongst the many other programs that European universities offer, MBA in Europe occupies a distinguished place in the world. While the UK, France and Spain continue to dominate the European rankings of business schools, a small number of Italian, Danish and German institutions consistently make it into the top 100 of the QS Global MBA Ranking list.
This blog dwells at length about MBA in Europe for Indian students along with its best business schools, MBA courses, eligibility criteria, scholarships, career prospects, Europe MBA fees and much more.
10 Best MBA Colleges in Europe
Why Study MBA in Europe?
Studying and living in Europe is an enriching experience both personally and professionally. MBA being one of the most popular courses in European countries, you must be aware of the benefits of studying the same as an international student. Let us see some good reasons to study MBA in Europe:
- 73 universities are featured in the QS MBA ranking Europe 2022 list, with HEC Paris occupying the top position. It is followed by London Business School and IE Business School in the second and third positions, respectively.
- MBA colleges in Europe like IÉSEG School of Management, London Business School, Grenoble Ecole de Management are accredited by AACSB, AMBA, and EQUIS. Such triple accreditation is prestigious to any college or university.
- There are plenty of job opportunities after MBA in Europe for Indian students. For instance, 89% of MBA graduates from INSEAD were employed in around 300 different companies within 3 months with an average median salary of $103,800, as compared to Europe MBA fees of $40,000-$50,000.
Top 10 Business Schools in Europe
The MBA colleges in Europe set the foundation for a successful life and career. But you must gather all information about the business schools in Europe before making the final decision. To help you shortlist the best ones, we have curated a list of the top European business schools for international students along with their MBA ranking Europe:
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Business Schools in Europe |
QS Global MBA Ranking 2022 |
Top Courses |
|
4 |
MBA Global Executive MBA TRIUM Global Executive MBA |
|
|
6 |
Full-Time MBA Executive MBA |
|
|
7 |
International MBA Global Online MBA Tech MBA Executive MBA Global Executive MBA IE Brown Executive MBA |
|
|
7 |
MBA Global Executive MBA Tsinghua Executive MBA |
|
|
10 |
MBA Executive MBA Global Executive MBA |
|
|
13 |
Full-Time MBA Executive MBA Multinational MBA |
|
|
Oxford University, Said Business School |
13 |
MBA Executive MBA |
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Cambridge University, Judge Business School |
17 |
MBA Cambridge Executive MBA Global Executive MBA |
|
Imperial College London, Imperial College Business School |
21 |
Full-Time MBA Executive MBA Weekend MBA Global Online MBA |
|
Bocconi University, SDA Bocconi School of Management |
23 |
Full-Time MBA Executive MBA Rotman-SDA Bocconi Global Executive MBA |
Types of Courses and Specialisations for MBA in Europe
There are multiple courses to study MBA in Europe that you may choose depending on your needs and preferences. Here is a list of the most popular MBA courses available in MBA colleges in Europe:
- Full-time MBA: It is for the students willing to leave their jobs and dedicate their full time to the weekday classes and studying.
- Part-time MBA: It is for those wishing to upgrade their career by acquiring managerial skills while still being employed. The part-time MBA in Europe cost is also less than the full time MBA.
- Executive MBA: It is designed for experienced and working executives, managers, entrepreneurs, and other business leaders.
- Global MBA: It aims at providing international business experience to its students. The classes are conducted in different classroom environments, at times different countries and cultures too.
Everything About Executive MBA in Europe
Now that we have covered the MBA courses in Europe, let us go through some of the best specialisations for MBA in Europe:
1. Finance
Finance is one of the most sought after MBA specialisations in Europe. It offers insights into the essential tools necessary to thoroughly understand an international company’s accounts and make actionable decisions to enhance its financial performance. You may apply for job roles in investment banks or any other organisations after an MBA in Finance in Europe.
Popular colleges for MBA in Finance in Europe are:
2. Entrepreneurship
This specialization is designed to develop both the hard and soft skills necessary to create a successful startup. Some colleges also offers the opportunity of meeting entrepreneurs and experts who have launched their own companies. MBA in Entrepreneurship is definitely a wise choice if you are looking to establish your own business.
Popular colleges for MBA in Entrepreneurship in Europe are:
3. Marketing
An MBA in Marketing comprises a complementary set of theoretical and experience-based courses that help develop innovative marketing strategies and solve real-world marketing problems. This specialization is all about new product development, luxury strategies, pricing tactics, and how to influence consumer decision making.
Popular colleges for MBA in Marketing in Europe are:
4. Project Management
A specialization in Project Management for MBA in Europe helps students to structure different projects and set realistic marketing goals. By using effective tools you will be able to schedule and undertake multiple projects at the same time. You will learn time management techniques, identify project risks, implement control tools, and much more.
Popular colleges for MBA in Project Management in Europe are:
5. International Business
International Business is one of the most sought-after specializations for an MBA in Europe. It provides understanding and knowledge through which you may create your own path to target the contemporary market. You will also be introduced to the current trends in international business, its challenges, and much more.
Popular colleges for MBA in International Business in Europe are:
- EU Business School
- ESCP Business School
- University of East London
Highest Paying MBA Specialisations
Eligibility Criteria for MBA in Europe
To study MBA courses in Europe, there are certain requirements that you must fulfill. Although the eligibility for MBA in Europe differs in accordance with the program and university you choose, the basic ones remain the same. Some of the most important ones are mentioned below:
- Undergraduate Degree
- Language Requirement
- GMAT/GRE
- Work Experience
- Passport and Visa
1. Undergraduate Degree
The first eligibility requirement to study MBA in Europe is a bachelor's degree or equivalent in a relevant subject. You must have a minimum score of 50% in your undergraduate degree to apply for the top colleges in Europe for MBA.
2. Language Requirement
The English proficiency test is mandatory for all international students to get admission into MBA in Europe for Indian students. Minimum scores as per the tests are:
3. GMAT/GRE
A GMAT or GRE score is a must to get admission into the best MBA colleges in Europe. The GMAT score for MBA in Europe ranges from 550 to 730. For GRE (verbal and quantitative), you must have a minimum score of 160 and above.
4. Work Experience
A minimum of 3 to 5 years of work experience is required to study MBA in Europe for Indian students. However, some courses like Executive MBA require more years of professional work experience as a mandatory requirement.
5. Passport and Visa
A valid passport and student visa are a must for all international students to study any course at any university in Europe. Do keep in mind to apply for your student visa at least 3 months prior to the expected date of travel.
Pursue MBA in Europe Without Work Experience
Documents Required for MBA in Europe
Admission to colleges for MBA in Europe for Indian students requires a set of documents. Some of the common MBA in Europe requirements are mentioned below:
- Transcripts of all educational qualifications
- CV or Resume
- LOR or Letter of Recommendation
- SOP or Statement of Purpose
- Scorecards of IELTS/TOEFL/GMAT
- Work experience certificate (if applicable)
All About the Student Schengen Visa
MBA in Europe Without GMAT and Work Experience
Amongst the basic requirements to study MBA Europe a decent GMAT score is of utmost importance. As it has been mentioned, the desired GMAT score for the top MBA courses in Europe is 600 and above. But do you know, there are colleges where you can study MBA in Europe without GMAT? The same applies for work experience too. But the question that arises here is: How?
Whether you wish to omit the GMAT or work experience, the best way to crack the college of your dreams is to strengthen the other requirements. For instance, for an MBA in Europe without work experience, you may aim for a high score in your GMAT or GRE, or perform exceptionally well in your undergraduate studies. A well-crafted Statement of Purpose or Letter of Recommendation will also enhance your chances of getting selected for the best MBA in Europe.
List of colleges for MBA in Europe without GMAT are:
List of colleges for MBA in Europe without work experience are:
- University of West London
- IE Business School
- Westminster University
Admission Process for MBA in Europe
A step by step guide to apply at different universities for MBA in Europe for international students is given below:
- Finalize the MBA course that you want to pursue and check for the best university offering that course.
- Visit the official university website and collect all data relating to eligibility and the admission process.
- Upload scanned copies of all the required documents (transcripts, CV, IELTS/TOEFL, GMAT/GRE scorecards)
- Fill the desired application form and pay the fee.
- Go through an interview with the respective university directors. This is a great opportunity to display your soft skills and presence of mind.
- Once you receive the conditional offer letter after clearing your interview, you may book your seat at the particular university.
- Pay your deposit by agreeing to the terms and conditions of the university. The deposit here is non-refundable.
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MBA in Europe Cost
The cost of studying MBA in Europe for international students requires a considerable financial investment. But with prior planning and research, you can manage your MBA in Europe fees without any hassle. Let us now have a look at the studying and living expenses for the MBA in Europe cost for international students:
Tuition Fees
The MBA in Europe fees vary depending on the country, university and course you choose. The overall tuition fee for public universities is comparatively less than that of private ones. On average, the cost of studying MBA in Europe ranges from 30,000 EUR to 90,000 EUR. The tuition fees for the top 5 universities in Europe for MBA are as follows:
|
University Name |
Average Annual Fees |
|
76,000 EUR - 78,000 EUR (58,00,000 INR) |
|
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115,250 EUR - 127,590 EUR (78,00,000 INR) |
|
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60,000 EUR - 90,000 EUR (62,00,000 INR) |
|
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91,000 EUR - 110,000 EUR (78,00,000 INR) |
|
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30,000 EUR - 50,000 EUR (31,40,000 INR) |
Cost of Living
Your lifestyle determines the cost of living in different countries in Europe as an international student. One of the best ways to manage your finances is to plan your expenses wisely beforehand. An estimated cost of living in the most popular countries in Europe is mentioned below:
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Country |
Cost Per Month |
|
1,100 EUR - 1,800 EUR |
|
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1,000 EUR - 1,350 EUR |
|
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800 EUR - 1,000 EUR |
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800 EUR - 1,200 EUR |
|
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1,000 EUR - 1,500 EUR |
MBA Scholarship in Europe
MBA scholarships in Europe for international students are the best ways through which you may fund your studies and cost of living in Europe. Most MBA scholarships for Indian students in Europe are based on merit. Do check the official university websites to check the eligibility for MBA scholarships in Europe. Some of the popular ones are mentioned below:
|
Scholarship Name |
Awarded to/ Benefits |
|
Deans Impact Scholarship |
Outstanding students applying for full-time MBA at Imperial College Business School before the final admissions round deadline. Amount/Benefit: 29,580 EUR |
|
HEC Paris MBA Scholarship for Excellence |
Exceptional applicants at HEC Paris displaying academic excellence in their application and selection interviews and having a high GMAT score. Amount/ Benefit: 50% tuition fees |
|
London Business School Fund Scholarships |
All successful MBA applicants at London Business School with professional merit and the ability to contribute to all aspects of the MBA programme. Amount/Benefit: Upto full tuition fees |
|
The 30 Percent Scholarship EMBA |
Meritous women candidates applying for the September 2022 Executive MBA at London Business School. Amount/Benefit: 20% to full tuition fees |
|
Imperial Excellence Scholarship |
MBA applicants at Imperial College Business School demonstrating academic merit and strong leadership potential. Amount/Benefit: Upto 17,740 EUR |
|
Forté Foundation Scholarship for Women |
Talented women candidates at HEC Paris who demonstrate exemplary leadership skills in academics, team building, and creative activity with a commitment to women via personal mentorship or community involvement. Amount/ Benefit: 26,000 EUR |
Is Europe a Popular Choice Among Indian Students?
Jobs After MBA in Europe
An MBA in Europe for international students offers them the eligibility to apply for jobs at some of the notable organisations, both public and private. MBA graduates in Europe are mostly hired by companies like:
- Amazon
- L’oreal
- Microsoft
- LVMH
- Dior
- Capgemini
- TotalEnergies
Some popular jobs after MBA in Europe and their average salaries are mentioned below:
|
Job Title |
Average Salary Per Year |
|
Sales Executive |
100,000 EUR - 120,000 EUR |
|
Business Developer |
30,000 EUR - 70,000 EUR |
|
Revenue Manager |
35,000 EUR - 55,000 EUR |
|
Assistant Marketing Strategist |
30,000 EUR - 45,000 EUR |
|
Account Manager |
30,000 EUR - 70,000 EUR |
So that was all about MBA in Europe for international students. Europe offers some of the best MBA universities and programs that are favourable for the growth of your professional and personal life. So analyze the information mentioned above and make the best choice. For more guidance and assistance get in touch with our counselors at Yocket now!
