MBA Colleges in Europe - Eligibility, Fee & Cost

Europe is widely regarded as a prime study-abroad destination, offering a plethora of advantages and opportunities for international students. Its pristine study-abroad destination status stems from its academic reputation, cultural richness, diverse opportunities, and student-friendly environment. Consider exploring the specific offerings of different European countries and universities to find the best fit for your academic and personal aspirations.

MBA in Europe is one of the top courses that domestic and international students pursue. If we have to talk about some of the unique aspects of studying MBA in Europe, many points set it apart from all the other renowned study-abroad destinations. Some unique points are listed below.

• European countries are known for their strong industrial presence in various fields, including finance, fashion, technology, consulting, business administration, etc. By studying at MBA colleges in Europe, you can gain opportunities for internships, networking, and job placements within these industries due to the proximity of companies and a vibrant business ecosystem.

• The cost of studying MBA in Europe is often more affordable than in other parts of the world. A person looking for a low-cost and quick route to job progression may find that getting an MBA in Europe is an appealing alternative due to this aspect and the shorter programme duration.

• European countries are known for their rich history, diverse cultures, and proximity to various countries. Pursuing an MBA in Europe offers the chance to explore different cultures, travel to iconic destinations, and gain a broader perspective on global business practices.

• Compared to other MBA programs worldwide, MBA in Europe is shorter in duration.
  Many of the MBA programs in European universities lasts for a year only. This allows students to return to work quickly with an advanced degree. Additionally, European MBAs often follow a modular or trimester system, offering flexibility and the opportunity to focus on specific subjects intensively.

• Business schools in Europe tend to place a strong emphasis on sustainability, corporate social responsibility, and ethical business practices. Many MBA programs in Europe incorporate these topics into their curriculum, preparing graduates to address contemporary business challenges.

• MBA in Europe involves a case study methodology where students analyse real-world business strategies. This helps students develop problem-solving and critical-thinking skills. Additionally, this hands-on approach enables students to apply theoretical knowledge to practical situations, fostering critical thinking and decision-making abilities.

• There are several nations in Europe with numerous official languages. This gives MBA programmes a variety of language choices. There are chances to study in other languages, including French, German, Spanish, or Italian, in addition to the frequently used and major language of instruction at many European business schools, English. 

European MBA programs have gained recognition for their academic rigour and quality. Several European business schools consistently rank among the top global MBA programs, attracting talented faculty and high-achieving students. There are also many top MBA colleges in Europe with GMAT scores that rank highly in various charts. Let us look at the best MBA colleges to study in Europe.

• INSEAD 

• HEC Paris 

• Estade Barcelons Pedralbes 

• SDA Bocconi School of Management 

• IMD Business School 

• European School of Management and Technology 

• Mannheim Business School 

• University of St. Gallen 

• Copenhagen Business School

• Ludwig Maximilian University of Munich 

• Technical University of Munich 

• Friedrich-Alexander-University Erlangen-Nuremberg (FAU)

• University of Cologne 

• EDHEC Business School 

• Emlyon Business School 

• EU Business School 

• Toulouse Business School 

• Munich Business School 

• ESSEC Business School 

• Erasmus (RSM)

• Frankfurt School of Finance & Management

• Vlerick Business School

To land well-paying jobs in this fiercely competitive environment, especially in the business sector, one must obtain a higher education degree. The best MBA specialisation you choose can significantly impact your future and career. Through specialisation, people can develop knowledge in the field they choose to work in. The most lucrative MBA specialism is something you should choose if you're a business professional looking to boost your earnings.

Some of the top specialisations in MBA in Europe at prestigious universities are:

• Business Administration 

• Management

• Operations Management 

• Construction 

• Real Estate 

• Tourism/Hospitality/Property Management 

• Healthcare 

• Marketing 

• Project Management 

• International Management

• Technology 

• Asian Business 

• Islamic Finance 

• Finance 

• Economics 

• Accounting 

• Entrepreneurship 

• Public Secor Management

 Studying abroad takes months and months of preparation to fulfil all the requirements for a smooth admission process later. Students make amends to fulfil all the requirements on time and collect documents months before the application date. Eligibility requirements are important sets of prerequisites to be fulfilled by the student to gain admission at the university of choice. Every course has different sets of requirements. MBA courses in Europe generally have more rigorous requirements. Some universities may ask for work experience as wel for certain courses. 

Some general requirements to study in Europe and pursue an MBA are outlined below. 

• A bachelor's degree of 3-4 years of the program 

• Your minimum age must be 21

• Basic understanding and grasp of the European language are mandatory 

• A minimum of 60% of Indian students

• Few universities in Europe conduct their own entrance exams to gain admission in some specific courses. Students are required to clear them.

• Work experience (duration differs depending on the university and the course requirements)

Required documents include:

• Degree document 

• Transcripts 

• English or the local language proficiency 

• Work experience (2-3 years minimum in general)

• Statement of Purpose

• Valid Passport 

• Letters of recommendation 

• Any other relevant document

It's important to note that the specific eligibility criteria to study MBA in Europe can vary across institutions and countries. Researching and considering multiple options is advisable to find the program that aligns with your career goals and aspirations and where you meet the eligibility criteria. 

The cost of studying MBA in Europe significantly depends on the college you pick. However, in general the degree cost from €11,000 to €40,000 in Europe (the cost of executive and overseas MBA programmes may be greater). It is considerably less expensive than pursuing an MBA in North America or Australia. Depending on the school, the majority of MBA programmes have an application cost of up to €100. Others charge a non-EU student administrative fee. After being accepted into the programme, you will be needed to submit a non-refundable deposit to reserve your spot; however, this deposit will be applied to your tuition costs after the programme has begun.

European business schools have established extensive alum networks, connecting graduates with a vast pool of professionals across various industries. These networks provide opportunities for mentorship, career guidance, and business connections even after completing the MBA. The European job sector is flourishing yearly, and international students can find various job prospects related to their study areas. The salary of an MBA graduate in Europe can start from 65,000 EUR and go up to 210,000 EUR or above. Some of the highest-paid and in-demand job positions after pursing MBA include:

• Financial Managers 

• Management Consultants 

• Medical or healthcare Manager 

• Business Analyst 

• IT Manager 

• Operations Manager 

• Project Manager 

• Strategist 

• General Manager

To conclude, European countries are known for their welcoming and inclusive atmosphere. Universities prioritise the well-being and support of their international student community, offering various support services, mentorship programs, and student associations. Some of the best MBA programs in Europe are famous among the international student committee. It's an investment that will provide you with a good return without a doubt. The MBA colleges in Europe are also ranked amongst the best in the world.

Moreover, several European countries also offer favourable post-study work options and visa regulations for international students. Upon graduation, students often have the opportunity to seek employment and gain practical work experience in their field of study. Some European countries even offer pathways for skilled graduates to extend their stay or pursue permanent residency.

We hope you enjoyed learning about the best MBA colleges in Europe for Indian students. If you would like to get a deeper insight into how to study in Europe, we encourage you to have a word with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). Our counsellors will provide you with guidance throughout your study abroad journey. Get help with the application process, SOPs and filing for a visa. Visit us and get one-to-one counselling or avail yourself of free video counselling via our website. We will be happy to help you, so please do not hesitate to contact us at application02@meridean.org or 1800-1230-00011.