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MSBA in Europe

August 31, 2023

650

Avg. GMAT

23

Avg. Age

€ 71,000

Avg. Cost of Study

24 

Months Duration 

€ 65,500

Avg. Salary

Table of Contents

Why Study MSBA in Europe?

Through the Master of Science in Business Analytics (MSBA) s in Europe, enter the world of cutting-edge analytics and data-driven decision-making. These s provide a revolutionary educational experience, empowering you with the knowledge and abilities to leverage the power of data for strategic insights and competitive advantage at a time when it has become the lifeblood of company success.

You should start your journey into the world of business analytics in Europe, a booming centre of innovation, technology, and forward-thinking industries. You will be well-prepared to manage complex business challenges with data-driven solutions thanks to the comprehensive MSBAs that have been developed by renowned universities from around the continent. These s combine academic knowledge with real-world applications.

Your direction throughout these s will come from elite academics and business leaders who are at the forefront of cutting-edge study and best business practices. The curriculum is structured to cover the complete range of analytical tools and techniques, preparing you to make data-driven decisions with assurance and accuracy. These tools and techniques range from data visualisation and predictive modelling to machine learning and artificial intelligence.

In addition, Europe’s eclectic and cosmopolitan cities create a rich backdrop for your academic journey by giving you a variety of chances for networking, internships, and industry exposure. You will develop a global perspective and improve your capacity to function well in cross-cultural teams by working with like-minded peers worldwide.

The MSBA s in Europe provide a doorway not just to a lucrative career but also to make a difference in the world. You will play a leading role in determining the direction that many sectors of the economy and organisations will take by utilising data analytics to promote innovation, sustainability, and efficiency.

Greetings from a world of boundless opportunity, where data-driven insights drive success and advance businesses. Take advantage of the MSBAs in Europe to flourish in the fast-paced field of business analytics and realise your full potential as a sought-after analytics expert and forward-thinking corporate leader. Here is where your data-driven adventure begins.

Types of MSBA offered in Europe

Full-Time Programs

The MSBA programme is immersive when taken full-time. This programme, which lasts for a year usually, is demanding and rigorous. It’s ideal if you want to acquire all the necessary knowledge and abilities at once. Data analytics will be all that you think about and do every day. The prospects for networking and first-hand experience are priceless. It’s worth pausing your career for this, I assure you.

Part-Time Programs

Perhaps you have a job and can’t dedicate yourself full-time, or perhaps your obligations in life have put you in a difficult situation. Part-time MSBA programmes cover you, so don’t worry! These programmes, which typically last two years, let you balance your study with other obligations. You don’t need to put your life on wait as a result. And what’s this? You can still enrol in MSBA colleges in Europe and receive a top-notch education.

Online Programs 

The popularity of MSBA programmes offered online is rising. A laptop and an internet connection are all you require. The freedom to study whenever and wherever you like is a game-changer. Additionally, you won’t even need to board a plane to receive that coveted degree from renowned MSBA universities in Europe. It’s like eating cake and having it too.

 

Program Costs + Living Expenses : MSBA in Europe

€ 26,000 

Avg. Tuition Fee

15,600

Avg. Living Cost

30,190

Avg. Visa Charges

71,790

Avg. Cost of Study

Cost of Living: The expenses associated with day-to-day living in Europe can fluctuate based on the nation, urban area, and chosen lifestyle. However, generally speaking, students should anticipate allocating an amount ranging from $1,000 to $2,000 per month for their living costs. Among the European cities, London, Paris, and Zurich are known for being on the higher end of living expenses, while Prague, Budapest, and Sofia offer more affordable living conditions.

Tuition Fees: The fees linked to enrolling in MSBA programs across European universities exhibit variability based on the specific institution and program selected. As a general range, students can envisage paying approximately $10,000 to $50,000 per annum. INSEAD, HEC Paris, and London Business School stand out as the more expensive options in terms of MSBA program costs, while Bocconi University, ESMT Berlin, and the University of Vienna are recognized for their relatively more economical tuition fees.

Additional Expenses: Beyond the tuition and living outlays, students should also consider other financial aspects like visa charges, health insurance, and transportation expenses. Visa fees typically span from $50 to $100. Most European countries mandate health insurance coverage for all students, with costs varying based on the extent of coverage. Transportation costs are contingent on the specific urban environment and the mode of travel chosen.

MSBA in Europe : Eligibility Criteria

 A bachelor’s degree should be the minimum requirement for candidates. Additionally, a successful educational experience is facilitated by having a strong interest in analytics and strong quantitative skills.

Consistently good grades are essential to be considered for admission in Europe. Due to the high level of competition, it is crucial to demonstrate strong academic performance throughout your undergraduate studies.

Not all MSBA colleges in Europe may require GMAT or GRE scores, thus it is advisable to check the precise prerequisites of the selected programme. The requirements for different colleges can range from academic achievement to appropriate work experience. Before submitting an application, being well-prepared and informed is essential to get accepted into a prestigious MSBA programme in Europe.

Candidates wishing to enrol in MSBA programmes in European colleges must be fluent in English. IELTS standards often fall between 6.5 and 7, whereas TOEFL requirements typically fall between 90 and 100 points.

When applying for MSBA colleges in Europe, candidates must meet the qualifying requirements as well as provide the following documentation:

  • Passport or other valid ID
  • Official academic transcripts from all institutions attended
  • Work experience certificates (if required)
  • English language proficiency test scores (if applicable)
  • GMAT or GRE scores (if applicable)
  • Statement of Purpose (SOP)
  • Letters of Recommendation
  • Resume/CV
  • Educational Qualification

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

MSBA in Europe : Types of Financial Aid Available

It makes sense that pursuing an MSBA in Europe may provide financial difficulties. Scholarships are a crucial tool for easing this load and assisting students in achieving their educational goals. International students may be able to get financial aid to cover their tuition, living costs, and other out-of-country study-related expenses thanks to the many scholarships available for MSBA universities throughout Europe.

It’s important to keep in mind that each scholarship has unique requirements for eligibility and an application process. Students who plan to attend MSBA institutions in Europe should carefully review the prerequisites and application dates for each scholarship. It is advisable to start early and ensure that all required documents are ready well before the application deadlines because applying for scholarships can be time-consuming.

The top 5 scholarships for MSBA universities in Europe are listed below:

Erasmus+ program

The European Union’s flagship scholarship program, Erasmus+, offers financial aid to non-European students who want to study there. It pays for living expenses, travel expenses, and school fees. It is widely suited to MSBA programs across Europe and is quite competitive.

The Eiffel Excellence Scholarship program

provides financial assistance to outstanding international students, particularly those who want to study in France. It’s a great choice for students considering MSBA institutions in Europe, especially Paris.

DAAD Scholarships

The DAAD Scholarships are a great choice for those who want to study in Germany. These scholarships, provided by the German Academic Exchange Service, assist qualifying international students with their tuition and living costs.

Scholarships from Chevening

If you’ve always wanted to study at Chevening Scholarships are highly coveted in the United Kingdom. They provide financial aid for master’s programs at numerous UK universities, including MSBA programs.

Fellowships at the Swedish Institute

The Swedish Institute provides scholarships for overseas students participating in master’s programs, including MSBA, that cover tuition fees, living expenses, and some travel costs for students considering Sweden as a study-abroad location.

Career Prospects : MSBA in Europe

The pay prospects are a crucial consideration after earning a Master of Science in Business Analytics (MSBA) from a prominent European institution. MSBA graduates in Europe have a variety of professional opportunities, and their pay depends on a number of factors, such as the sector, position, and region.

The average pay for MSBA graduates from the best MSBA universities in Europe, according to Glassdoor, ranges from €55,000 to €75,000 per year. When compared to many other graduate-level qualifications, this is substantially more rewarding. In fields including technology, finance, consulting, and e-commerce, where data analytics abilities are in high demand, MSBA graduates frequently succeed.

91%

Employed within 3 months of graduation

50- 70K

Avg. Salary

Most Sought-after Jobs

Data Scientist

             Business Intelligence Analyst

Data Analyst

Quantitative Analyst

Operations Analyst

Visa and Stay Prospects : MSBA in Europe

Visa Prerequisites

The criteria for obtaining a visa to pursue an MSBA in Europe vary across countries. Nevertheless, most nations stipulate that students possess a valid passport, an acceptance letter from a university, and evidence of financial backing. There could also be requirements for a police clearance certificate and a medical assessment report.

Visa Costs

The fees connected to securing a student visa for pursuing an MSBA program in Europe are also subject to variations based on the country. However, typically, these fees range from approximately $50 to $100.

Extended Stay in Europe Post-Completion

Upon successful completion of your MSBA studies in Europe, you might be eligible to prolong your stay in the country to explore job opportunities. The duration of your stay extension will hinge on the kind of visa you hold.

Post-Study Work Visa

Several European countries offer post-study work visas (PSW) to international students graduating from their universities. A PSW enables you to reside in the country and engage in full-time employment for a specific period, often ranging from 1 to 2 years.

Career Prospects

The professional opportunities for MSBA graduates in Europe are promising. The region boasts numerous multinational corporations and financial establishments that are swiftly embracing data-driven decision-making strategies. Consequently, there’s a rising demand for adept data analysts throughout Europe.

Living Expenses

The cost of living in Europe is subject to variations based on the country, urban center, and chosen lifestyle. Nevertheless, as a general guideline, students should anticipate allocating between $1,000 and $2,000 per month for their living costs. Notably expensive cities for students include London, Paris, and Zurich, whereas Prague, Budapest, and Sofia are known for their more affordable living conditions.

Top 5 Colleegs for MSBA in Europe

 

UniversityDetailsSuggested
HEC Paris
  • 2-year full-time program
  • Program fee- € 49,300 
  • Average salary- €97,000

HEC Paris MSBA Overview

HEC Paris MSBA Interview

Imperial College London
  • 1 year full-time or part-time equivalent
  • Program fee- £37,300 (£3,730)
  • Average salary- £48,720
Imperial London MSBA Overview

ESSEC Business School

  • 1 or 2 years, depending on background and degree
  • Program fee- €25,725 (1-year) & €38,850 (2-year)
  • Average salary- $70,000

ESSEC MSBA Overview

ESSEC MSBA LOR

ESSEC MSBA Interview

IE Business School
  • 11/17 months full-time or part-time equivalent
  • Program fee- €41,000
  • Average salary- $110,000
IEBS MSBA Overview

ESADE Business School

  • 1 year full-time or part-time equivalent
  • Program fee- €33,500
  • Average salary- €45,140
ESADE MSBA Overview

 

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MSBA in Europe

Europe offers a diverse range of MSBA programs in top-ranked universities and business schools. Studying in Europe provides exposure to different cultures, networking opportunities, and the chance to work with international companies. Moreover, European universities often have strong ties with industry, providing excellent job prospects after graduation.

Admission requirements can vary among universities, but common prerequisites include a bachelor’s degree in a relevant field, such as business, economics, engineering, or computer science. Some programs may require standardized test scores (like the GRE or GMAT), letters of recommendation, a statement of purpose, and language proficiency (usually English).

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

MSBA curricula typically cover subjects like data analysis, statistical methods, machine learning, data visualization, business intelligence, data mining, and programming languages like R or Python. Additionally, students may also take courses in business strategy, marketing analytics, and operations research.

Graduates with an MSBA degree are in high demand across various industries, including finance, consulting, healthcare, e-commerce, and more. With the growing importance of data-driven decision-making, there is a demand for professionals who can leverage data analytics to solve business challenges.

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