With over 3000 universities to choose from, Europe is home to some of the world’s oldest universities known for imparting quality education in various subjects and degrees.
Among other courses, an MBA from any of the best business schools in Europe delivers proficiency to students and opens doors to rewarding opportunities.
Hundreds of Indian students enrol in some of Europe’s best MBA colleges every year to learn the trade.
HEC Paris and London Business School are some of the best MBA colleges in Europe that have been listed among the best business schools in Europe.
These best business schools in Europe have bagged first and second positions in the QS world ranking for MBA colleges. Followed by IE Business school in Madrid, Spain.
These colleges are among the many that offer the best MBA programs in Europe, with curriculums that focus on the strategic development of both individuals and knowledge as a whole.
Thus, making them some of the best MBA colleges in Europe for Indian students.
Top Reasons to Study MBA in Europe in 2024:
Walking in the streets of Europe is like walking across a picture postcard. Be it the business, cinema, fashion, gastronomy, architecture, finance, you name it, Europe has it all. Thus, making it a tremendous place to pursue an MBA.
Apart from that, the top reasons to study in the best MBA colleges in Europe for Indian students are:
- The tuition fees in Europe are cheaper than in the USA
- You can graduate from an MBA program in one year in Europe
- Most MBA colleges in Europe are triple-accredited (AMBA, AACSB, EQUIS)
- An MBA in Europe will open global opportunities
- Wide options of MBA courses available in Europe
- You can study without GMAT/GRE
- Easy Accessibility while travelling from India as Europe is closer to India.
Now that we know why Europe is the best place to study, let’s find out about the best MBA colleges in Europe for Indian students.
Best Business Schools in Europe: Rankings, Tuition Fees and Location
The QS world ranking is without a doubt one of the most respected and accepted systems of ranking. The table below has listed the 10 best business schools in Europe:
| QS Rank in Europe | University and Location | Fees | Fees(₹) |
| 1 | HEC Paris, France | €78,000-€80,000 | ₹64,46,234.36-
₹66,11,522.42 |
| 3 | IE Business School, Madrid, Spain | €71,000+€ 1,200 (IE university student fee) | ₹57,97,064.93+₹97,978.56 |
| 3 | INSEAD, Paris, France | €91,225-€92,575 | ₹75,39,201.66-₹76,50,771.11 |
| 5 | IESE Business School, Barcelona, Spain | €36,750-€46,750 | ₹30,00,593.47-₹38,17,324.50 |
| 6 | Esade Business School, Barcelona Spain | €74,035 | ₹60,42,540.96 |
| 10 | SDA Bocconi, Milan, Italy | €62,000 | ₹50,60,874 |
| 12 | IMD, Lausanne, Switzerland | CHF 97,500 | ₹79,52,398.77 |
| 13 | ESSEC Business School, France | €49,500 | ₹40,90,879.50 |
| 14 | Erasmus (RSM), Rotterdam, Netherlands | €57,000-€64,000 | ₹45,95,853-₹51,60,256 |
| 17 | EDHEC Business School, France | €46,000 | ₹38,01,625.39 |
Choosing the best MBA colleges in Europe for Indian students might be a challenging task. However, SelectRight will guide you with top professional expertise to sort the best business school for MBA without creating confusion.
MBA Programs in Europe’s Best Business Colleges
Regular MBA programs in Europe last for 15-24 months. One-year MBA programs are also available in most of the best business colleges in Europe.
Best business schools in Europe offer various courses and specializations to students such as finance, accounting, marketing, and human resources by applying to the MBA programs listed below.
| Colleges | Programs |
| HEC Paris, France |
|
| IE Business School, Madrid, Spain |
|
| INSEAD, Paris, Singapore, France |
|
| IESE Business School, Barcelona, Spain |
|
| Esade Business School, Barcelona Spain |
|
| SDA Bocconi, Milan, Italy |
|
| IMD, Lausanne, Switzerland | Master of Business Administration |
| ESSEC Business School, France | Global MBA |
| Erasmus (RSM), Rotterdam, Netherlands |
|
| EDHEC Business School, France | Global MBA |
Suggested Read: Top Scholarships for Indians to Study in France
Eligibility Criteria for Best Business Schools in Europe:
The university, country and program you apply for may ask for the following eligibility criteria. The most common ones in the best business schools in Europe are:
- Undergraduate degree
- Minimum age must be 21 years
- Minimum 60% score in Undergraduate exam
- GMAT/GRE
- A minimum of 2-3 years of work experience for admission into MBA programs and a minimum of 5 years for executive MBAs
- Scores of language exams IELTS/TOEFL, Duolingo etc
- A valid passport and visa
Other Requirements of Best Business Schools in Europe:
The other requirements to get admitted in the best business schools in Europe are:
- Transcripts of degree certificate, specifying scores, grades, subjects and type of degree.
- Proof of finance to support the course (if demanded). Some colleges in Europe may ask for funds of €600-€800. This can be provided with a bank statement.
Some European countries also require a block bank account, that blocks money for a year’s tenure and you can withdraw the amount on a monthly basis.
- A duly filled out application form
- A pre-interview video stating why you want to study an MBA; if demanded by the college
- Detailed CV stating professional experience of not less than 3 years
- 2 -3 letters of recommendation
- Statement of purpose
| GMAT or GRE are important requisites to pursue an MBA. However, IESEG, France (optional) accept students without a GMAT/GRE score. So, if you want to study MBA without GMAT in Europe, you can apply here. |
Cost of Studying in Europe for Indian Students:
Europe is a magnificent place to live in. Lively evenings filled with music, food and culture-rich cities like Paris, Milan, Barcelona and others offer a charming experience.
To happily enjoy such scenic views, and create a memorable experience, the only thing we need is finance and planning expenses.
To help Indian students understand the cost of living in Europe while studying in the best business schools in Europe, we have listed estimated budgets for the cost and type of expenses one may encounter in Europe.
Accommodation
Student accommodation options for the best MBA colleges in Europe for Indian students are…
| Country | Type of accommodation | Cost/month |
| France | University hall residences | €200 – €400 |
| Italy | Student accommodation | €250 – €300 |
| Netherlands | Student houses | €350 – €600 |
| Spain | Student halls | €360 – €650 |
| Switzerland | Student halls of residence | CHF 435 – CHF 791 |
Food
Food costs to study in Europe for Indian students pursuing MBA is…
| Country | Cost | Cost |
| France | €300-€400/month | ₹24,502.78 – ₹32,670.38 |
| Italy | €400-€800/month | ₹32,670.38 – ₹65,340.75 |
| Netherlands | €170-€200/month | ₹13,712.65 – ₹16,132.53 |
| Spain | €500-€900/month | ₹40,835.32 – ₹73,503.57 |
| Switzerland | CHF 395-CHF 543/month | ₹32,199.68 – ₹44,261.80 |
The costs of accommodation and food will vary for everyone, depending on the choices they make.
Indian students are advised to keep a budget planner that tracks their expenses.
Trial Tip: If you are planning to take an education loan for MBA, use the Calculator tool to systematically plan your finances.
Moreover, Indian students can work in Europe by applying for a post-study work visa in Europe. The duration of the post-study visa can last up to 12-24 months depending on the country and type, of course, you are registered in Europe.
Prospective Jobs and Salaries After an MBA in Europe:
Studying in the best business schools in Europe opens you up to global opportunities in the corporate world.
Best MBA colleges in Europe for Indian students looking for jobs can expect jobs and salaries to be:
| Jobs | Salaries |
| Finance executive | € 69,000 |
| Finance manager | € 90,000 |
| HR assistant manager | € 54,700 |
| Labor relations manager | € 58,000 |
| Organizational development manager | € 66,000 |
| Accounting manager | € 73,000 |
| Audit supervisor | € 61,000 |
Note: The listed salaries are not a fixed amount, it is only an estimate that will change as per city, company and experience.
Learning from the best and most prestigious business colleges in Europe will benefit Indian students and uplift their skills and personality.
Indian students will also experience cultural diversity which will only make their experience more rewarding.
If you are serious about studying MBA from a top university in Europe, take as much professional assistance as you need. Remember, study abroad experts have insights to offer that you wouldn’t get online.
Frequently Asked Questions:
Question 1. Do MBA colleges in Europe need a language exam score in 2024?
Ans: Yes, language exams like IELTS/TOEFL iBT and Duolingo are required for getting admission to the best business schools in Europe.
Question 2. Can I pursue an MBA in Europe without work experience?
Ans: The best business colleges in Europe require students to have a minimum of 3 years of work experience to study an MBA .
Question 3. Is MBA in Europe expensive? How much does it cost?
Ans: The cost of MBA programs in Europe varies according to the country and type of university. Public universities are cheaper to study in Europe. However, the average cost of MBA fees in Europe ranges from INR 30 lakhs – INR 93 lakhs.
Question 4. Is GMAT/GRE required for MBA in Europe?
Ans: Most universities and the top MBA colleges in Europe ask for GMAT/Gre scores. However, colleges like IESEG, France, Exeter Business school, UK, do not require GMAT/GRE.
Question 5. Which country is best for MBA in Europe?
Ans: Students can pick from the best-ranked business colleges in Europe for their MBA. HEC Paris is currently ranked as the best for MBA in Europe currently.
