Why Study MBA in Australia
13 September 2021
01 July 2023
Advanced infrastructure, upgraded curriculum, world-class business schools and economic courses, well, all these characteristics make Italy the land of fashion and culture, the most sought-after destination for studying MBA in Italy. Moreover, some of the elite business personalities in the world have studied at top universities in Italy for MBA. So if you’re planning to pursue MBA in Italy, then this is just the place where you need to be. In this blog, we will cover all the key aspects you need to learn about before pursuing MBA in Italy. Let’s get this business journey started!
There are innumerable reasons to study MBA in Italy, from high-class educational facilities and globally-ranked universities to international education standards. Italy offers a plethora of advantages to pursuing MBA. Explore some of the prominent checkpoints which attract lots of scholars to study MBA in Italy.
The country houses some of the most exemplary global brands, which provides a gateway of abundant employment prospects for aspirants and hence provides outstanding placement opportunities.
Expenses are a major concern when planning to study abroad. Still, Italy is quite an affordable destination for students with a relatively low cost of living and tuition fees.
The medium of instruction in most of the best universities in Italy for MBA is English, making it easy for an international student to blend in and have smooth academic learning.
Four Italian universities for business and management studies are ranked among the top 100 universities in the world according to QS World Rankings 2023, which gives the universities an elevated stature and credibility.
According to Italian Ministry of Education study, 85% of MBA graduates grabbed employment opportunities within six months of completing their degree. Hence, your career is safeguarded in the country, provided you do your fair share of hard work.
In some of the best business universities in Italy, cracking the IELTS or TOEFL is not a major prerequisite to securing a spot in the MBA course.
Now that you have gained insight into the stellar reasons to study MBA in Italy, let’s move forward to the next most crucial step: the eligibility criteria required to pursue an MBA in Italy. Below mentioned are the basic eligibility criteria you need to know about. Have a look:
Academic degree - Candidates for the MBA program must have a bachelor’s degree or equivalent qualification from an accredited university required percentage of scores.
GRE or GMAT score - Having a qualifying GMAT or GRE score is not mandatory in all universities. Generally, the score requirements for GRE or GMAT go up to 600, but these scores are subject to change depending on the university you are applying to.
English Proficiency Tests - You need to demonstrate your English proficiency by taking up language proficiency exams like TOEFL, IELTS or PTE. The minimum score required to cut through the admission depends on the university you are applying to. Also, many universities have programs in their native language for which scholars need to enrol in a local language course with a duration of at least one year. Also, some universities may not ask for a language proficiency test and give admission based on MOI.
Work experience - business schools in Italy require good work experience, which ranges between 1 to 3 years, depending on the university you are applying to.
In the above section, we learnt about the prominent eligibility criteria you must cut through to study MBA in Italy. Now the next important step is to understand the documents you require to submit. So let’s tread forward and look at the important documents you need:
Identity proof of the candidates
Academic transcripts of bachelor’s degree certificates, secondary education certificates and higher education certificates.
School leaving certificates
Documents for English proficiency
Letter of recommendation
Statement of purpose
Work experience certificates(if required)
Universities in Italy provide a plethora of courses in MBA in diverse arenas. Pioneering professors lead these programs along with a modern education methodology coupled with practical experience. We’ve put together a list of the best MBA colleges in Italy:
SDA Bocconi School of Management Milan, Italy
Bologna Business School, University of Bologna
MIB Trieste School of Management
POLIMI Graduate School of Management
University of Milan
University of Sapienza
Rome Business School
University of Padova
University of Pisa
MBA in Italy is generally up to two years long courses offered at multiple universities in Italy. It is typically offered as a full-time or a part-time course as well. These courses delve into diverse specialisations such as finance, insurance, entrepreneurship, marketing and much more. Below mentioned is a list of some of the popular MBA courses in Italy:
Masters in Economics and Finance
MBA in International Business
Master in Insurance & Risk Management
MBA in Entrepreneurship, Innovation & Start-up Development
MBA in International Management
Global Executive MBA
MBA in Luxury and Design Management
MBA in Marketing Management
Master’s in Business Administration (International Program)
Master in Corporate Finance
Global Business and Economics
Economics and Entrepreneurship
Some universities in Italy offer MBA programs which help candidates ease their financial burdens and reduce the overall cost of studying there. The criteria and amount of scholarship vary from university to university. There are two types of scholarships in Italy that are merit-based and needed-based scholarships offered by universities, the government and different private organisations. Below mentioned are some of the prominent scholarships for studying MBA in Italy:
These scholarships are given to those students who have shown academic excellence; the spots in these scholarships are limited, and the criteria are highly competitive. Generally, students who have a good attitude, have participated in various student activities and have other accomplishments are eligible for these scholarships. Some of these scholarships are:
Italian Government Scholarships - It is generally awarded by the Italian Ministry of Foreign Affairs and International Cooperation to students who have shown exemplary academic performance,
Erasmus+ Scholarships - The European Union awards these scholarships and are available to students wishing to study in Europe. Moreover, Indian students who wish to study in Italy can also apply for these scholarships.
University Scholarships - Universities in Italy give these scholarships to foreign students who have excelled academically. Generally, the scholarships entail tuition fees, rent and living expenses.
These scholarships are provided to students who don’t have a strong financial background and don’t have enough financial resources to pay off their educational expenses. To be eligible for these scholarships, students must demonstrate strong evidence of financial needs. Some of these scholarships are:
INPS Scholarships - The Italian Security Insititute awards these scholarships to students who hail from financially weak backgrounds.
University Scholarships - These scholarships are awarded by different universities to international students who demonstrate sufficient proof of financial needs.
The cost of studying in Italy is less than in other European countries. The Italy MBA fees are typically from 156 EUR to 36,000 EUR. However, the tuition fee may vary depending on the university chosen by the student. The cost of living in Italy is quite affordable, where students can expect to pay a monthly expenditure of 500 to 700 EUR, including accommodation, food and other miscellaneous expenses.
Note: The costs mentioned above are average estimates, and the actual fee and living costs may vary depending on other factors such as course choice, lifestyle, and other extravagant expenses.
Generally, Italy offers two intakes in September (Public universities) and February( private universities). However, most public universities offer admission in the September intake, which commences in mid-September and closes up to May. Students are advised to check the specific intake according to the course and university they apply to. Also, be ready with all the required documents and keep them handy as every university has a limited capacity of seats. So, it’s better to prepare early to avoid errors and delays.
Italy is home to many global brands and offers students various employment prospects. Moreover, courses in Italy are designed to keep a balance between practical exposure and theoretical understanding. Hence, graduates are equipped with all the practical skills and knowledge required to face the job scenario and are sought after by employers. Generally, individuals can earn an average annual salary of 60,000 EUR (53.75 Lakh INR) while pursuing their jobs in this field. However, this estimate can vary depending on other factors, such as job profile, position allotted, amount of experience and much more. Now let’s explore different job streams and profiles
Job Streams and Work Profiles for MBA Graduates
Business Development Manager
Talent Acquisition Manager
Apart from the jobs mentioned above, you can search other profiles based on your suitability, job profile and experience.
To conclude, studying MBA in Italy is one of the best decisions you can make to have a rewarding career in this stream. The country gives a productive working ground and business atmosphere so you can fully fulfil your educational aspirations. Moreover, Italian universities provide a conducive environment with state-of-the-art facilities, rigorous curriculums and a nurturing culture where you will grow and prosper collectively holistically. So if you’re considering studying MBA in Italy, look nowhere and start chalking out your educational journey now.
Q: Is GMAT necessary to study MBA in Italy?
A: No, cracking GRE and GMAT is not necessary and can be optional. However, those universities which ask for the GRE GMAT score typically have requirements ranging from 600-650. However, these scores may vary depending on the university you choose to pursue.
Q: What are the advantages of studying MBA in Italy?
A: Italy provides a host of significant advantages to scholars who are aspiring to study MBA in the country. The country offers high-quality education, opportunities for global exposure, affordable cost of living and tuition fees coupled with rich employment prospects. Hence, studying MBA in Italy is worth it from the overall development and growth perspective.
Q: Are there scholarships available to Non- Italian students?
A: Yes, most universities in Italy offer scholarships and financial aid to scholars. However, every scholarship can vary in terms of eligibility criteria, application process and several other factors. You should check in with the university you’re applying to for detailed information on the scholarships.
Q: Do universities in Italy provide job placement opportunities to students?
A: Yes, many universities in Italy have strong collaborations with companies and, through them, offer valuable opportunities for internships and job prospects. These opportunities help students to gain relevant industrial experience and strengthen their profile. For more information, students can contact the career support services of the concerned university.
We hope we have provided sufficient information about studying MBA in Italy. If you are still unsure or would like to get deeper insight, we encourage you to speak with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). If you cannot travel to our offices, we offer online counselling services via our website. Our dedicated counsellors will provide the best guidance regarding your application to study in Italy. Don't hesitate to contact us at email@example.com or call us at 1800-1230-00011.
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