Italy is one of the most sought-after countries in which to study for an MBA abroad for international students. Almost 32,000 international students are currently studying in Italy, of which 5000 are Indian students. The reasons for this are affordable higher education, varied offered courses, work and study balance, etc. Italy houses one of the oldest universities in the world - the University of Bologna, established in the year 1088. So, if you are looking forward to pursuing an MBA in Italy, you have made the right decision. Students seeking an MBA in Italy earn excellent global exposure to the changing business scenario.
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Why Study MBA In Italy?
Italy is known for its art and design colleges. Still, Italy is also an appropriate country to earn an MBA degree because of the high-quality educational institutions and the relatively low cost of an MBA in Italy. Some of the reasons why study in Italy are-
- The average study cost of completing an MBA in Italy for Indian students’ fees is approx EUR 30,000 or INR 25,21,000/year. Some business schools in Italy for international students charge a higher tuition price of roughly EUR 48,000 or INR 40,35,000/year for international students.
- Many universities in Italy are centuries old but still offer the best business courses. Like Università di Pavia, it is the oldest among all. It was founded in 1361 and is known for designing and delivering premium courses. The MBA program is in high demand thanks to the university's reputation.
- The medium of instruction at all approved MBA colleges is English, which makes it easy for Indian students.
- Some of the best MBA universities do not require IELTS or TOEFL scores for admission to their MBA program.
Must Read: Job Opportunities and Salary after MBA in Italy: How to Find?
Top Universities To Pursue MBA In Italy
Here are the top MBA colleges in Italy. You will also find a brief about each university that offers an MBA in Italy for international students.
MIP Politecnico Di Milano
MIP is the Business School of the Politecnico di Milano, one of the world's most outstanding scientific and technological universities, providing management training programs for graduates, professionals, enterprises, organizations, and government agencies for over 40 years. MIP is a non-profit consortium limited company founded in 1979 as a cooperation of the Politecnico di Milano and several prominent Italian institutions and corporations. The university offers full/part/executive and Distance learning MBA.
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#123 |
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#76th in MBA |
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Average Tuition Fees |
Approx EUR 39,000 or INR 32,77,913/year |
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Programs Offered |
MBA in Business Analytics and Big Data, Financial Risk Management, Innovation and Entrepreneurship, and others. |
LUISS Business School
Established in 1986, Luiss Business School is the leading business school with the certification of EQUIS for its quality education in the business domain. Students here are prepared to lead change in their organizations due to the program intended to be a learning path. The School aspires to be known as a university that bridges the gap between rigorous teaching standards and relevant academic and practical research. It has a unique approach combined with an entrepreneurial mindset and problem-solving, resulting in a vision nurtured by critical thinking.
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#NA |
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#101-110 in MBA |
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Average Tuition Fees |
Approx EUR 30,000 or INR 25,19,028/year |
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Programs Offered |
MBA in Digital and Business Transformation |
Università di Pisa
The Università di Pisa was founded in 1343, but it has been active since the 11th century, making it the oldest public university in Italy. Galileo Galilei, the creator of modern science, Nobel Laureates Enrico Fermi and Carlo Rubbia, and prominent people like poet Giosuè Carducci are also alumni of the university.
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#349 |
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NA |
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Average Tuition Fees |
Approx 8,000 EUR or INR 6,71,740 PA |
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Programs offered |
Full-time MBA |
Bologna Business School
Established by the University of Bologna, Bologna Business School is the oldest in the world. The academic, Transdisciplinary, and practice-oriented approach provides a one-of-a-kind learning experience with Italian "industry champions," particularly in the domains of automotive, sustainability, automation & robotics, and luxury. The business school designs the course with the strategic supervision of an International Advisory Board and the daily input of mixed teams composed of academics, practitioners, and global socio-economic stakeholders.
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NA |
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#251+ in MBA |
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Average Tuition Fees |
Approx EUR 35,000 or INR 29,40,000 pa |
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Programs Offered |
Global/Full-time/part-time MBA in Design, Fashion, Automation, and others |
SDA Bocconi School of Management
SDA Bocconi School of Management was founded in 1971 and has almost 40 years of experience in business education in Italy, with academic excellence and tradition guaranteed by 'Università Bocconi.' The institution is located in the heart of Milan, a significant center for industry, finance, the arts, and, most importantly, fashion.
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NA |
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#21 |
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Average Tuition Fees |
62,000 EUR or INR 52,06,000 |
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Programs Offered |
Full/Part-time/Executive MBA |
Suggested: Top 10 business schools in Europe
Admission Process and Eligibility Criteria For MBA In Italy
There are specific eligibility criteria to meet to seek admission in any of the universities or business schools in Italy for international students. Students should meet the requirements mentioned, ensuring an easy admission process.
- MBA applicants must complete a bachelor's degree or equivalent from a recognized university with the required grade point average.
- You should present a legitimate GMAT/GRE score, and many colleges may also require verification of job experience, which can range from one to three years, depending on the university.
- Present letters of recommendation (LORs) and a statement of purpose (SOP).
- Updated CV/Resume
- Score of TOEFL/IELTS/C1 Advanced and PTE Academic
- Language Proficiency (English or Italian)
English Proficiency Test for MBA in Italy
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IELTS |
6.0 Bands |
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CEFL Level |
B2 |
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TOEFL PBT |
550 |
Documents Required to Apply For MBA In Italy
Below are the documents you need to submit to seek admission to MBA programs in Italy:
- Candidate's identification document
- Certificates of bachelor's degree transcripts
- Certificates of higher secondary education transcripts
- Certificates of secondary education transcripts
- Certificates of graduation
- Recommendation letter
- English proficiency certificates
- Statement of purpose
- Certificates of work experience
Must Read: 7 Cheapest Universities in Italy
Application Process Of MBA Programs In Italy
You need to follow the below steps to complete the application process for an MBA in Italy-
- Select the MBA program you want to pursue
- Check and meet the entire admission requirement
- Get your Language Proficiency score
- Collect financial proof documents
- Apply for admission
- Add your academic record
- List your present employment status
- Include any scholarship, if available
- Submit the application fee
Suggested: Masters in Data Science in Italy
Cost Of Studying MBA In Italy
Compared to most European countries, the total cost of an MBA in Italy for Indian students is low. Tuition, pre-arrival expenditures, and living expenses are all included in the cost of studying in Italy. Below is the list of the costs of an MBA in Italy.
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Expenses |
Cost in EUR |
Cost in INR |
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The average cost of an MBA course |
Approx EUR 19,000-30,000/year |
Approx INR 16,01,000- 25,28,000/year |
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Accommodation cost |
Approx EUR 700-800 per month |
Approx INR 58,000 - 60,000 per month |
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Food Cost |
Approx. EUR 150 per month |
Approx INR 12,640 per month |
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Transportation |
Approx. EUR 250 per month |
Approx INR 21,068 per month |
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Miscellaneous expenses |
Approx EUR 30-40 per month |
Approx INR 2,528 per month |
Suggested: Estimated cost of living in Italy
Scholarships Offered for Studying MBA In Italy
The scholarship is awarded to students based on their academic achievements and professional experience. The scholarship requirements differ from one college to the next. Students with exceptional merit may be eligible for scholarships. Below is the list of MBA in Italy with scholarships:
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Scholarship |
Eligibility & Reward Announced |
|---|---|
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Forté Fellows Program |
This is mainly for MBA programs offering fellowships to women. Scholarships worth EUR 26,000 or INR 21,83,000 are available. |
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LUISS Business School |
The business school offers three partial scholarships covering 25% of the total tuition fee, which is EUR 24,000 or INR 20,15,000 |
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University of Bologna Study Grants for International Students |
First, Single, and Second Cycle Degree Programs at the University of Bologna
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Masters International Scholarships by Durham University of Business School |
Up to EUR 7500 or INR 6,30,000 off tuition fees |
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VISH International School |
Up to EUR 100 or INR 8400 Scholarships in the first year only Up to 50% Scholarship for tuition fees |
Job Opportunities After MBA in Italy
International students who wish to stay in Italy after graduation will find many job prospects in the country or back in India. However, individuals must improve their English and Italian language skills to work in Italian companies. Ferrari, Lamborghini, Unicredit, Atlantia, and other prominent Italian firms hire fresh MBA graduates with a good pay scale.
Also, the Italian government permits International students to work over 20 hours per week. Interns on an Italian student visa are limited to 4 hours each day. Interns are hired by Italian companies regardless of their professional background. Interns receive between EUR 500 and 1000 pm (about INR 41,000 and 83,000).
Different job positions are available based on the majors done by the student. Some of the job opportunities are-
- Business Analyst
- Risk Management Leader
- Product Manager
- HR
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Job Position |
Salary per year |
|---|---|
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Legal and Paralegal |
Approx EUR 45, 340 INR 38,07,000 |
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Project Management |
Approx EUR 42, 660 or INR 35,82,000 |
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Consulting professional |
Approx EUR 52429 or INR 47,38,000 |
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Business Development |
Approx EUR 83,517 INR 70,12,000 |
Suggested: Best Courses in Italy for International Students in 2024
From the Desk of Yocket
MBA in Italy means a rich blend of history, affordability, and quality education. Scholarships help offset costs, and graduates have promising job prospects globally. With its focus on international students and well-rounded curriculum, an Italian MBA could be the perfect launchpad for your dream career.
Need more assistance to start your admission process and get ready to begin a new chapter of your life? Our Experts have more than 15 years of experience. You will be allocated not one but two of our Experts to help you sail through from shortlisting to loan and visa. Join Yocket Premium and gain more clarity!
