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MBA in Europe

Table of Content

660

Avg. GMAT

25

Avg. Age

€ 115K

Avg. Cost of Study

10 – 30 

Months Duration 

€ 55K

Avg. Salary

Advantages of Pursuing an MBA in Europe

Europe is a great place to get an MBA for a number of reasons. European business schools are consistently ranked among the best in the world, and they offer a truly global learning environment. Students from all over the world come to Europe to study business, which creates a diverse and stimulating academic community. European cultures also tend to place a high value on work-life balance, so students can expect to have a good balance of study, work, and leisure time. Additionally, European MBA programs are generally more affordable than their American counterparts. This is due to a number of factors, including lower tuition fees and the cost of living.

European business schools are consistently ranked among the best in the world. In the 2023 QS World University Rankings, 10 European schools are in the top 50, including INSEAD, HEC Paris, and London Business School. Numerous global students opt for Europe as their premier choice for pursuing MBA studies due to its richly diverse student population. Within Europe, you have the invaluable chance to interact and learn alongside peers hailing from every corner of the globe. Given the stringent selection criteria for business schools across Europe, you’ll also be presented with the prospect of engaging in studies with exceptionally accomplished classmates.

Types of MBA Offered in Europe

There are many types of MBA available in Europe, but the most common are:

  • Full-time MBA
  • Part-time MBA
  • Executive MBA
  • Specialized MBA

In addition to these common types of MBA, there are also a number of other programs available, such as dual degree MBAs, international MBAs, and online MBAs.

The best type of MBA for you will depend on your individual circumstances and goals. If you are a recent graduate who is looking to change careers or advance your career, a full-time MBA may be the best option for you. If you are a working professional who wants to earn an MBA without having to quit your job, a part-time MBA may be a better choice. And if you are an executive who wants to advance your career, an executive MBA may be the best option.

No matter what type of MBA you choose, be sure to do your research and select a program that is accredited and has a good reputation. You should also consider the cost of the program, the location of the school, and the curriculum.

Top Ranking European Business Schools 2024

1. Oxford University

Duration: 10-24 months

Format: Full-time or Part-time

Avg. Working experience: 5-7 years*

Location: Oxford

Suggested Links: University of Oxford MBA

How to Get Visa to Study for MBA Abroad

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2. INSEAD Business School

Duration: 10 months

Format: Full-time

Avg. Working experience: 2-3 years*

Location: Singapore and France

Suggested Links: University of Oxford MBA

How to Get Visa to Study for MBA Abroad

 

Insead - HEC Paris MBA Sample Essays - Ameerkhatri.com -  -  - HEC Paris MBA Sample Essays

3. IE Business School

Duration: 12-30 months

Format: Full-time, Part-time

Avg. Working experience: 3 years*

Location: Madrid, Spain

Suggested Links: IE Business School MBA

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4. IESE Business School

Duration: 10 months

Format: Full-time

Avg. Working experience: NA

Location: London

Suggested Links: IESE Business School MBA

How To Prepare Effectively For Interviews

 

Iese 1 - UNC Kenan-Flagler MBA Interviews - Ameerkhatri.com -  -  - Kenan Flagler MBA Interview

5. Imperial College Business School

Duration: 12 months

Format: Full-time

Avg. Working experience: Recommended

Location: London

Suggested Links: Imperial College Business School MBA

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Program Costs + Living Expenses: MBA in Europe

€100,000

Avg. Tuition Fee

€15,000

Avg. Living Cost

€200

Avg. Visa Charges

115K

Avg. Cost of Study

The average tuition fees for an MBA program in Europe range from €30,000 to €100,000. However, there are some schools that charge significantly more than this. The average living expenses for an international student in Europe range from €10,000 to €15,000 per year. This includes accommodation, food, transportation, and other living expenses.

The visa charges for international students in Europe vary depending on the country. However, they typically range from €50 to €200.

For example, the tuition fees for the MBA program at the London Business School are £109,700 (~€126,597). The living expenses for an international student in London are estimated to be around €15,000 per year. The visa charges for a student visa to the UK are €99.

Employment Prospects: MBA in Europe

92%

Employed within 3 months of graduation

55K

Avg. Salary

Most Sought-after Jobs

Business Analyst

     Management Consultant

Marketing Manager

Project Manager

Sales Manager

Strategy Consultant

Operations Manager

The European job market for MBA graduates is strong, with many top companies actively recruiting from top business schools across the continent. Some of the top European companies hiring MBA graduates include:

  • Siemens 
  • SAP 
  • LVMH 
  • Unilever 
  • Nestlé 
  • L’Oréal 
  • Morgan Stanley 
  • Goldman Sachs 
  • Brain & Company 
  • Boston Consulting Group 
  • McKinsey & Company

These companies offer MBA graduates competitive salaries, international travel and work opportunities, and the chance to work on cutting-edge projects. 

Here are some other factors to consider when looking for an MBA job in Europe:

  • The industry you are interested in working in.
  • The size and location of the company.
  • The company culture.
  • The opportunities for advancement.
  • The salary and benefits package.

Eligibility Criteria: MBA in Europe

Academic Qualifications

To be considered for admission, you should possess a minimum GPA of 3.0/4.0 or its equivalent on the international scale, such as a UK upper second-class bachelor’s degree, during your undergraduate studies. Typically, a GMAT score is necessary, with a general requirement falling within the range of 500-600. However, it’s important to note that there exists a wide spectrum of criteria across institutions.

Language Proficiency

Strong verbal and written communication skills are imperative. If English is not your native language, you must furnish proof of your proficiency through an English language assessment like TOEFL or IELTS. Similar prerequisites will be in place for other languages if you are enrolling in a bilingual program or a program primarily taught in the local language.

Additional Conditions

A minimum of 2-3 years of pertinent professional experience (with the possibility of some institutions considering one year).
Letters of recommendation.
Personal statement.
Curriculum vitae (CV).
Successful completion of an interview for shortlisted candidates.

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Scholarship Opportunities for MBA in Europe

HEC-Paris MBA Scholarships

Offer up to 50% tuition coverage for admitted students with strong academic records and leadership potential.

University College Dublin (UCD) Michael Smurfit School of Business MBA Scholarships

This provides full tuition coverage for students with GMAT scores of 700 or above.

Erasmus Mundus Scholarships

Fully funded scholarships for students from developing countries to study MBA programs at European universities.

DAAD Scholarships

Fully funded scholarships for students from developing countries to study at German universities.

Swedish Institute Scholarships

Fully funded scholarships for students from developing countries to study at Swedish universities.

To be eligible for these scholarships, specific requirements for each scholarship must be met. General requirements may include a strong academic record, a GMAT score of 650 or above, two to three years of work experience, letters of recommendation, and a statement of purpose.

Navigating Visa Requirements for Non EU MBA Students

Student Visa

Most MBA programs in Europe require international students to apply for a student visa. This visa allows you to study in the respective country for the duration of your program. Upon completion of your MBA, you might have a short grace period to prepare for your next steps.

Post-Study Work Visa

Many European countries offer post-study work visas that allow international students to stay and work in the country after completing their studies. The availability, duration, and conditions of these visas vary from country to country. These visas can provide you with an opportunity to gain practical experience and explore job opportunities in your field.

Blue Card (EU Blue Card)

If you secure a highly skilled job in a European Union (EU) country after completing your MBA, you might be eligible for an EU Blue Card. This card is designed to attract skilled professionals to work in the EU and offers a pathway to long-term residency and eventual permanent residency.

Entrepreneurial Visas

If you have plans to start your own business after your MBA, some European countries offer entrepreneurial visas that enable you to establish and run a business in their jurisdiction. These visas often have specific requirements and criteria related to business plans, funding, and job creation.

Extended Job Search Visa

Some countries provide a visa extension for graduates who wish to stay and search for employment opportunities after completing their studies. This can give you extra time to find a suitable job without the immediate pressure of returning home.

FAQs about MBA in Europe

European MBA programs offer a unique blend of academic excellence, cultural diversity, and global exposure. Many European business schools are internationally renowned and provide opportunities to connect with a wide network of professionals from different countries and industries. The European business environment is diverse and dynamic, providing a great backdrop for learning and networking.

Entry requirements can vary significantly between schools, but common requirements include a bachelor’s degree from an accredited institution, a few years of work experience (typically ranging from 2 to 5 years), strong letters of recommendation, a statement of purpose outlining your career goals, and often standardized test scores such as the GMAT or GRE. Some schools might also require interviews.

European MBA programs usually offer a range of program lengths. A full-time MBA typically lasts for about 1 to 2 years. Some programs might offer accelerated options that can be completed in as little as 10-12 months. Part-time and executive MBA programs are also available for professionals who want to continue working while studying.

Yes, many European business schools offer scholarships and financial aid for international students. These scholarships can be merit-based, need-based, or specific to certain industries or regions. It’s crucial to research and apply for scholarships early, as deadlines and eligibility criteria vary.

Europe hosts a wide range of industries, from finance and consulting to technology and manufacturing. European MBA programs often have strong connections with local and multinational companies, providing excellent networking opportunities and career services to help you secure internships and full-time positions.

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