Low-Cost MBA from Europe
By: Ashwini Jain
Tags: Study, Higher Education, Education, Study Abroad, Students

Affordability is one of the most important defining factors when it comes to opting for an MBA course. Numerous well-known MBA programs in Europe are found in big cities, where the cost of living can add significantly to the overall expenses.

Photo by Christian Wiediger on Unsplash

However, there do exist a few institutions that offer an MBA degree at relatively affordable fees. Check out the list of low-cost MBA options in Europe:

Frankfurt School of Finance and Management, Germany

FT rank (2020): 26

Approximate course fee: $50,000

The Frankfurt full-time MBA program is designed for aspiring professionals looking to gain practical international business experience, make a career change, or enhance their managerial skills. As a top-ranked German business school, it has built a strong network with several global organizations. Its location in Europe’s business hub continues to draw thousands of financial and business professionals every year. The program follows the Harvard case method with real-world business cases, and the faculty includes renowned professors and experienced practitioners in global trade, strategic management, and inspirational leadership.

Toulouse Business School, Spain

FT rank (2020): 58

Approximate course fee: $43,000

This business school is over 100 years old, with campuses present in Spain, England, and France. Candidates get to study for a Bachelor’s degree in management, which results in obtaining an official French degree awarded by the Ministère de l’Enseignement Supérieur et de la Recherche. Besides, the university offers a Global Executive MBA that comprises of critical management knowledge and is taught by experts from all over the globe. The Aerospace MBA at the institution is the only executive MBA program dedicated to aerospace management for businesses globally. The institute also offers a Masters in Management course. Besides, both of these degrees could even have opted as a double degree awarded by TBS in collaboration with UPC (Universitat Politècnica de Catalunya). The educational system followed at Toulouse Business Schools is highly personalized with a commitment to focus on international students.

Koç University — Graduate School of Business, Istanbul, Turkey

FT Rank (2020): 58

Approximate course fee: $12

The Istanbul-based Koç University is the only EQUIS-accredited business school in Turkey (as of 2016) and offers an Executive MBA program currently ranked in the Financial Times. Besides providing a modular MBA program, the school also offers an intensive MBA program that can be completed within 12 months.

NHH Norwegian School of Economics, Norway

FT Rank (2020): 62

Approximate course fee: $130

The Norwegian School of Economics in Bergen offers a Masters in Economics and Business Administration with six possible specializations (in Economics, Finance, Natural Resources and Environment, Energy, International Business, Strategic Management, and Marketing and Brand Management). The scheduled program has two years and does not require any student to pay a tuition fee, apart from the semester fee of NOK 800.

Universidad Carlos III de Madrid (UC3M), Spain

FT Rank (2020): 67

Approximate course fee: $25,000

Students aspiring for a value MBA program in Spain find the UC3M an affordable option. It offers a full-time, AMBA-accredited MBA course at a fraction of the cost of other programs in most of Europe. UC3M was one of the first universities to incorporate a system for monitoring quality. At present, it uses the Internal Quality Assurance System (Sistema de Garantía Interna de Calidad-SGIC- UC3M), a design certified by ANECA in 2009, according to the AUDIT Program guidelines and criteria.

The University of Cologne, Germany

FT Rank (2020): 75

Approximate course fee: $45

The International Management degree course at the business school is an attractive option for those with prior work experience to improve their professional qualification. Besides the academic know-how, they can receive 120 ECTS credits in 24 months, making them meet a doctorate course’s entrance requirements. This course is suitable for aspirants who aim to learn the specific economic contents of an MBA program. The course schedule comprises eight modules and also offers a follow-up doctorate chance.

Porto Business School, Porto, Portugal

FT Rank (2020): 79

Approximate course fee: $26,000

The Porto Business School is located in a privileged location, close to various hotspots, including the Sete Bicas Subway Station and the Francisco Sá Carneiro International Airport. Spanning over more than 10,000 square meters, the Porto Business School facilities use international classroom models and employ interactive technology. They also offer an Executive MBA course. It provides an opportunity for executives with over ten years of professional experience to obtain an accurate vision of today’s business world. The Magellan MBA is a one-year international MBA program perfectly paced to provide aspirants with the right hard and soft skills coupled with hands-on experience.