Italy is the home to some of the greatest and century-old architectural work. The capital Rome is home to the landmark Vatican. Be it the business schools in Italy or MBA colleges in Italy, every institute has its mark and reputation for attracting international students. So if you are looking forward to pursuing an MBA in Italy, then you have made the right decision. Students pursuing MBA in Italy earn excellent exposure to the changing business scenario globally.
Many worldwide brands call the country home, providing a myriad of chances for business and management students to learn from industry leaders and explore various options after obtaining MBA courses in Italy. Italy, the world's eighth-largest economy, has long emphasized the role of entrepreneurship in the development of a modern economy.
Below you will find some more information about MBA in Italy, covering aspects of colleges & universities, study costs, living and other vital information.
Why Study MBA In Italy?
Italy is known for its art and design colleges. Still, it is also an apt country to earn an MBA degree because of the high-quality educational institutions and the relatively low cost of doing an MBA in Italy. Some of the reasons on why study in Italy are-
- The average study cost of completing an MBA in Italy for Indian students’ fees is approx 30,000 EUR/ Rs 25,21,471 pa. Some business schools in Italy for international students charge a higher tuition price of roughly 48,000 EUR/ Rs 40,34,355 pa for international students. However, you need to keep in mind that a B-School charging a high tuition fee is superior to one with a lower fee. Overall Italy MBA college fees are quite low.
- Many universities in Italy are centuries old but still offer the best business courses. Like Università di Pavia is the oldest among all. It was founded in 1361 and is known for designing and delivering premium quality courses. Thanks to the university's reputation, the MBA program is in high demand.
- 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.
Top Universities To Pursue MBA In Italy
Here are the top MBA colleges in Italy. You will also find the brief about each mentioned university offering MBA in Italy for international students.
- MIP Politecnico Di Milano
- LUISS Business School
- Università di Pisa
- Bologna Business School
- SDA Bocconi School of Management
Below is the brief of each Institute offering MBA in Italy:
- MIP Politecnico Di Milano
MIP is the Business School of the Politecnico di Milano, one of the world's greatest scientific and technological universities, which has been providing management training programmes for graduates, professionals, enterprises, organizations, and government agencies for more than 40 years. MIP is a non-profit consortium limited company that was founded in 1979 as a cooperation of the Politecnico di Milano and a number of prominent Italian institutions and corporations. The university offers full/part/executive and Distance learning MBA.
|
QS World University Rankings 2022 |
#142 |
|
QS Online Subject Ranking 2022 |
#11th in MBA |
|
Average Tuition Fees |
Approx 39,000 EUR/ Rs 3,277,913 PA |
|
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 as a result of the program, which are intended as learning paths. 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 entrepreneurial mindset and problem-solving, resulting in a vision that is nurtured by critical thinking.
|
QS World University Ranking 2022 |
# 151 |
|
QS Subject Ranking 2022 |
#121 in MBA |
|
Average Tuition Fees |
Approx 30,000 EUR/ Rs 2,519,028 PA |
|
Programs Offered |
MBA in Digital and Business Transformation |
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, and Nobel Laureates Enrico Fermi and Carlo Rubbia, as well as prominent people like poet Giosuè Carducci, are also alumni of the university.
|
QS World University Rankings 2022 |
#388 |
|
QS Subject Ranking 2022 |
#18 in MBA |
|
Average Tuition Fees |
Approx 8,000 EUR/Rs 6,71,740 PA |
|
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 Trans disciplinary 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.
|
QS World University Rankings 2022 |
#188 |
|
QS Subject Ranking 2022 |
#33 in MBA |
|
Average Tuition Fees |
Approx 35,000 EUR/ Rs 2,938,866 pa |
|
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 the year 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, which is a significant center for industry, finance, the arts, and, most importantly, fashion.
|
QS World University Ranking 2022 |
#23 |
|
QS MBA Ranking 2022 |
#13 |
|
Average Tuition Fees |
62,000 EUR/ Rs 5,205,991 |
|
Programs Offered |
Full/Part time/Executive MBA |
Top 10 business schools in Europe
Overview Of Admission Process, And Eligibility Criteria For MBA In Italy
To seek admission in any of the universities or business schools in Italy for international students, there are certain eligibility criteria to meet. Students should meet the criteria mentioned ensuring an easy admission process.
- MBA applicants must complete a bachelor's degree or its 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 Requirement For MBA Programs-
English Proficiency Test
|
IELTS |
6.0 Bands |
|
CEFL Level |
B2 |
|
TOEFL PBT |
550 |
Documents Required Applying For MBA In Italy
Below are the documents you need to submit to seek admission for 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
Application Process Of MBA Programs In Italy
You need to follow below steps to complete the application process for study 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 the admission
- Add your academic record
- List your present employment status
- Include any scholarship if available
- Submit the application fee
Cost Of Studying MBA In Italy
In comparison to the majority of European countries, the total cost of 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 MBA in Italy cost.
|
Expenses |
Cost in EUR |
Cost in INR |
|
Average cost of MBA course |
Approx 19000-30000 PA |
Approx Rs 1601168- 2528160/-PA |
|
Accommodation cost |
Approx 700-800 EUR pm |
Approx 58000-60,000/-pm |
|
Food Cost |
Approx 150 EUR pm |
Approx 12640/-pm |
|
Transportation |
Approx 250 EUR pm |
Approx 21,068/-pm |
|
Miscellaneous expenses |
Approx 30-40 EUR pm |
Approx 2528/- pm |
Estimated cost of living in Italy
MBA In Italy With Scholarship
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 scholarship-
|
Scholarship |
Eligibility & Reward Announced |
|
Forté Fellows Program |
This is especially for MBA programs offering fellowships to women. Scholarships worth 26,000 EUR/ Rs 2183157/- are available. |
|
LUISS Business School |
The business school offers 3 partial scholarship covering 25% of the total tuition fee which is 24,000 EUR/ Rs 2015222/- |
|
University of Bologna Study Grants for International Students |
First, Single, and Second Cycle Degree Programs at the University of Bologna For First Cycle and Single Cycle degree program: 3 study grants worth 11059 EUR/ Rs 928597 (Unibo Action 2) and full tuition fee of 20,000 EUR/ Rs 1679352 (Unibo Action 1) • For Second Cycle degree program: 15 study grants worth EUR 11.059 each (Unibo Action 2) and full tuition fee waivers of 80.000 EUR/ Rs 6717 (Unibo Action 1) |
|
Masters International Scholarships by Durham University of Business School |
Up to 7500 EUR/ Rs 629757/- off tuition fees |
|
VISH International School |
Up to 100 EUR/ Rs 8404. 5 Scholarships in first year only Up to 50% Scholarship for tuition fees |
Best Scholarships to study in Italy
Career Scope After MBA Courses In Italy
International students who wish to stay in Italy after graduation will find a plethora of job prospects in the country or back in India. Individuals must, however, improve their language skills in both English and Italian in order to work in Italian companies. Ferrari, Lamborghini, Unicredit, Atlantia, and other prominent Italian firms hire fresh MBA graduates with a good pay scale.
Also International students are permitted to work for over 20 hours per week by the Italian government. 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 500 and 1000 EUR pm (about 41,000 and 83,000 Indian rupees).
There are different job positions available as per the majors done by the student. Some of the career options are-
- Business Analyst
- Risk Management Leader
- Product Manager
- HR
|
Job Position |
Salary per year |
|
Legal and Paralegal |
Approx 45, 340 EUR/ Rs 38,07,091 |
|
Project Management |
Approx 42, 660 EUR/ Rs 35,82,058 |
|
Consulting professional |
Approx 52429 EUR/ Rs 47,38,208 |
|
Business Development |
Approx 83, 517 EUR/ Rs 70,12,723 |
So you are now aware about all the details of pursuing an MBA in Italy. So start your admission process and get ready to begin a new chapter of your life. Get on a free 15-minute consultation call with Yocket professionals and gain more clarity on the same!
Frequently Asked Questions About MBA In Italy
Ques. Are there any scholarships for non-Italian students?
Ans. Yes, scholarships are offered to students who are not citizens of the country, but they are awarded only on the basis of the students' merit.
Ques. Which language certificate is accepted by Italian universities for MBA?
Ans. Universities accept any linguistic certification that certifies that the student is skilled in English. However, the certification must come from a reputable source.
Ques. Is it worth pursuing an MBA in Italy?
Ans. Studying in Italy will improve your cultural sensitivity and intelligence. Furthermore, living costs and tuition fees are both quite low in Italy, so consider pursuing a MBA in Italy at the best university.
Ques. Does the Italian government offer scholarships?
Ans. Yes, The Italian Government Scholarships for Foreign Students is for MBA programs. The student should carry work experience, high score in language proficiency and B2 level in CEFR.
Ques. Is Italy expensive for Indian students?
Ans. For Indian students, Italy is pretty reasonable. Being one of the affordable countries in Europe, you can complete your MBA course with a minimum fees, and also you can get the scholarship further reducing your expenses.
