The average fees for top MBA in Europe range from INR 60 Lakhs to INR 1 Crore. Additionally, the cost of living in Europe while pursuing an MBA ranges from INR 1 lakhs to INR 2 lakhs per month, depending on the city and living conditions.
Although this is 30-50% higher than MS programs, the ROI after an MBA in Europe is significantly higher. Scholarships and financial aid options can help reduce expenses, making European MBA programs affordable for Indian students.
Read this blog to learn everything you need about the cost of studying MBA in Europe.
Key Highlights:
- The cost of studying for an MBA in top European universities ranges from EUR 60,000 to EUR 120,000 (INR 52.92 lakhs to 1.05 Cr).
- The average pre-arrival cost which includes preparing for an MBA in Europe ranges from EUR 1,500 to EUR 3,500 (INR 1.32 lakh to 3.08 lakh).
- As an international student in Europe, you can expect to spend EUR 600 to EUR 2,000 (INR 53,000 to 1.76 Lakhs) on living costs.
- Some of the best European universities for MBA include London Business School (UK), INSEAD (France), HEC Paris (France), IE Business School (Spain), and SDA Bocconi (Italy).
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Table of Contents: |
Factors Influencing the Cost of MBA in Europe
The overall cost of studying for an MBA in Europe depends on factors like tuition fees, living expenses, location, duration of the program, health insurance, and travel. Scholarships, financial aid, and personal spending habits also impact the total expenses.
When budgeting for your MBA in Europe, consider the following factors:
- Tuition Fees: These can vary widely among institutions, significantly impacting your total cost.
- Pre-Arrival Costs: Include application fees, visa expenses, travel costs, and accommodation deposits.
- Post-Arrival Expenses: Account for accommodation, food, transportation, study materials, health insurance, and leisure activities.
- Lifestyle Choices: Your spending habits will affect your overall budget, so plan accordingly.
- Currency Fluctuations: Exchange rates can impact your costs, so keep an eye on the currency market.
MBA Fees at Top 10 Business Schools in Europe
Leading business schools in Europe include INSEAD, London Business School, IESE, HEC Paris, and ESADE. These institutions offer diverse international cohorts, with up to 90% international students at INSEAD, and high employment rates, with 93% of London Business School graduates employed within three months.
Here's an overview of prominent European business schools, their QS Global MBA Rankings for 2025, and respective annual tuition fees.
|
Business Schools |
QS Global MBA Ranking 2025 |
Annual Fees |
|---|---|---|
|
5 |
EUR 115,000 (INR 1.12 Crores) |
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6 |
EUR 98,000 (INR 86.25 Lakhs) |
|
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Judge Business School, Cambridge University |
7 |
EUR 80,890 (INR 71.18 Lakhs) |
|
9 |
EUR 82,300 (INR 72.42 Lakhs) |
|
|
10 |
EUR 105,500 (INR 92.84 Lakhs) |
|
|
11 |
EUR 99,500 (INR 87.56 Lakhs) |
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Imperial College Business School, Imperial College London |
18 |
EUR 73,000 (INR 64.24 Lakhs) |
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Said Business School, Oxford University |
19 |
EUR 83,700 (INR 73.66 Lakhs) |
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SDA Bocconi School of Management, Bocconi University |
20 |
EUR 75,000 (INR 66.0 Lakhs) |
|
21 |
EUR 77,500 (INR 68.2 Lakhs |
Suggested: List of Top B-schools in Europe
Top 10 Cheapest MBA Universities in Europe
If you’re looking for a low-cost MBA in Europe, focus on countries with affordable living costs, such as Poland, Greece, and the Czech Republic. Explore scholarships, work-study options, and part-time jobs to help manage expenses.
Look for MBA programs with GMAT waivers or low application fees to keep costs down, such as:
|
University Name |
Rankings |
Notable Programs |
Tuition Fees |
Location |
|---|---|---|---|---|
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University of Warsaw |
Top in Poland for business studies; Top 3% worldwide (QS, THE, ARWU) |
Bachelor in Business Management, MBA |
Starting from €2,000/year; MBA at €3,800/year |
Warsaw, Poland |
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Koç University – Graduate School of Business |
Financial Times ranked Executive MBA; EQUIS, AACSB, AMBA accredited |
Executive MBA, PhD in Business Administration, MSc in International Management |
MBA: €5,454.90/year; Executive MBA: €5,702.13/year |
Istanbul, Turkey |
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Berlin School of Business and Innovation |
Strong reputation in Germany; operated by Global University Systems |
Global MBA, MSc Digital Marketing, BSc (Hons) International Business |
BSc: €9,450/year; Global MBA: €14,150 for 18 months |
Berlin, Germany |
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EU Business School |
Accredited by IACBE; partnerships with U.S. institutions for dual degrees |
MBA, BA in Communication & PR, International Relations |
MBA: €6,950 per term (full-time) |
Geneva & Montreux (Switzerland), Barcelona (Spain), Munich (Germany) |
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Athens University of Economics & Business |
601-800 (THE); Top 150 in QS for Business & Management |
MBA International, MSc in Financial Management, MSc in Data Science |
MBA: €9,700 (full-time); €9,900 (part-time) |
Athens, Greece |
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Gdansk University of Technology |
IQA CEEMAN & AMBA accredited; dual degree programs |
International MBA, Bachelor in Management |
Bachelor’s: €1,823.82/semester |
Gdańsk, Poland |
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University of Applied Sciences, Munich |
Collaboration with 200 universities worldwide; 13% international student body |
Bachelor in International Management, MBA in General Management |
MBA scholarships up to €4,000 |
Munich, Germany |
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Zagreb School of Economics and Management |
Best in Croatia; 3rd in Eastern Europe (Eduniversal) |
MBA in Finance and Banking, Global Executive MBA |
Graduate MBA: €10,400; Executive MBA: additional €2,000 |
Zagreb, Croatia |
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University of Göttingen |
89th (CWUR); Top 150 (QS) for various fields |
Master of Business Administration, International Economics |
Around €644.05/year |
Göttingen, Germany |
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HEC Paris |
1st in Europe (FT 2018-2022); 9th in QS for Business & Management Studies |
MBA, MSc in International Finance, Executive MBA |
MBA: €87,000; Accom: €649-€899/month |
Paris (Jouy-en-Josa), France; Doha, Qatar |
Searching for the ideal MBA program? Check out our College Finder tool and discover top universities that suit your goals!
Pre-arrival Cost to Study MBA in Europe
Pre-arrival costs for your MBA in Europe include application fees, visa expenses, travel costs, and accommodation deposits typically ranging from EUR 1,000 – 3,000 (INR 87,000–260,000). You should also budget for health insurance and initial living expenses to ensure a smooth transition into your new educational environment.
An overview of the pre-arrival cost to study MBA in Europe for international students is:
|
Expense Category |
Cost (EUR) |
Cost (INR) |
|---|---|---|
|
IELTS |
EUR 187.50 - EUR 232.95 |
INR 16,500 - INR 20,500 |
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TOEFL |
EUR 159.09 - EUR 250.00 |
INR 14,000 - INR 22,000 |
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GMAT |
EUR 250.00 |
INR 23,130 |
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GRE |
EUR 204.55 |
INR 18,000 |
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Application Fee |
EUR 100.00 - EUR 300.00 |
INR 8,800 - INR 26,400 |
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Schengen Student Visa |
EUR 284.09 - EUR 340.91 |
INR 25,000 - INR 30,000 |
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Insurance Costs |
EUR 500.00 - EUR 2,500.00 |
INR 44,000 - INR 220,000 |
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Round-trip Flight (India to Europe) |
EUR 909.09 - EUR 1,704.55 |
INR 80,000 - INR 150,000 |
Post-Arrival Costs to Study MBA in Europe
After arriving for your MBA in Europe, you'll need to budget for costs like accommodation, transportation, food, study materials, and health insurance ranging from €800–€1,500 (INR 70,000–130,000) per month.
Set aside some money for fun activities and any unexpected expenses to enjoy your time abroad.
Cost of Living
The cost of living in Europe for MBA students averages between EUR 600 and EUR 2,000 per month (INR 55,000 to 1.83 Lakhs), covering accommodation, food, transportation, and personal expenses.
Costs vary widely by country and city, with major cities typically being more expensive than smaller towns. An overview is as follows:
|
Expense Category |
Estimated Monthly Cost (EUR) |
Estimated Monthly Cost (INR) |
|---|---|---|
|
Accommodation |
EUR 300 - EUR 1,200 |
INR 26,400 - INR 105,600 |
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Food |
EUR 150 - EUR 400 |
INR 13,200 - INR 35,200 |
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Transportation |
EUR 50 - EUR 100 |
INR 4,400 - INR 8,800 |
|
Study Materials |
EUR 50 - EUR 100 |
INR 4,400 - INR 8,800 |
|
Health Insurance |
EUR 40 - EUR 80 |
INR 3,520 - INR 7,040 |
|
Leisure Activities |
EUR 50 - EUR 150 |
INR 4,400 - INR 13,200 |
|
Travel to and from Home |
EUR 100 - EUR 500 |
INR 8,800 - INR 44,000 |
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Books and Study Supplies |
EUR 30 - EUR 100 |
INR 2,640 - INR 8,800 |
|
Mobile Phone and Internet |
EUR 20 - EUR 40 |
INR 1,760 - INR 3,520 |
|
Personal Expenses |
EUR 50 - EUR 150 |
INR 4,400 - INR 13,200 |
|
Miscellaneous |
EUR 30 - EUR 100 |
INR 2,640 - INR 8,800 |
Other Essential Costs Incurred During MBA in Europe
Besides the regular MBA cost Europe, students also need to pay for other essentials mentioned below:
Student Visa Fees: Student visa in Europe for international students is the most common visa. In most situations, this visa is valid for three months, after which a student must register with the Foreigners' Registration Office in the city where his or her university is located if he or she wishes to remain in the nation. The approximate student visa fee is around INR 5,000 or USD 65.34.
Medical Insurance: In Europe, students need to carry medical insurance issued by university or can have a third party. Students can always request that the University's international office offer the health insurance provider's phone number. Students must contact a health insurance provider and obtain a document proving that they are covered once they arrive in Europe. This is required for students to be admitted. In India, students can also contact the DAAD. In general the medical insurance cost is USD 84.35 or INR 6,454.74 per month.
Suggested: Top One-year MBA Programs in Europe
How to Pursue MBA in Europe without Tuition Fees?
An MBA in Europe can be expensive, but not always. Although an MBA in Europe is relatively cheaper than the US, there are some ways you can make your higher education more affordable. Studying in Germany, Scandinavian and Nordic countries, and looking for programs with tuition fee waivers can help you pursue an MBA in Europe without tuition fees.
Some ways to pursue an affordable MBA in Europe are:
- Study in Germany: the only country that offers free education to all international students. You can pursue a free MBA in Germany’s public universities.
- Study in Norway: As a law, any international student can study for free in Norway.
- Tuition waiver: Although limited, some MBA colleges in Europe offer 100% tuition waivers for international students.
- Fully-Funded Scholarships: You can apply for fully-funded scholarships and fellowships for your European MBA, like Rhodes, which not only covers tuition but also living costs.
From the Desk of Yocket
The cost of studying MBA in Europe varies according to the country, and city. While you can get an almost free MBA education in Germany, pursuing an MBA in the UK can be quite expensive. Scholarships for international students significantly reduce tuition costs, making a European MBA more accessible. Explore Yocket Premium to understand how to allocate your budget for a premium MBA experience in Europe!
