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Not all universities have built strong reputations for their business programs, with some certainly being more demanding than others.
One might wonder why non-US destinations are so affordable despite the euro (€) and British Pound (£) is more valuable than the US dollar.
The main reason for this is that European MBAs are usually for one year and the tuition of European universities is, in general, much lower than that charged by American institutions.
Reduction in a range of options in different countries
MBA in UK: There are only a few B-schools in UK which are popular among students from all over the world. This includes oxfordCambridge, London Business School and Imperial College.
The tuition fees of these universities range between £60-70,000. For example, full-time MBA fees at Imperial are £67,500, while tuition at Oxford is £78,500.
Additionally, one has to spend at least £12,000-15,000 on living expenses. In total, this will be approximately £90,500 (for Oxford). It is added to Indian currency ₹94 lakh (£1 =104) for a one-year MBA.
In relatively lesser known B-schools, the fees are around Rs. 20-25 lakhs. For example, Warwick charges £53,750 for a one-year MBA, which is equivalent to 55.9 lakh in Indian currency. UCL charges £42,500 ( ₹44 lakh for 1-year MBA Global) and Bayes Business School charges £50,400 ( 52 lakh).
Also Read: Study Abroad: MBA at Top US University May Cost You Costly 2 crores. Details here
MBA in France: In France, there are many good B-school options but the best include HEC, INSEAD and EDHEC. At HEC, the fee is €98,000 euros, which is equivalent to 87 lakhs (at the rate of 1 €=) 89) In Indian currency.
INSEAD charges €99,500, which is equivalent to 88.55 lakh.
At EDHEC, the fee is €51,000 ( 45 lakh). Cost of living will add up Total cost Rs 12 lakh.
This brings the total cost to approximately 99 Lakh for HEC (87+12) and 57 Lakh for EDHEC (45+12).
| Country | B-school | Fees (Rs.) |
| UK | oxford | 81.6 lakh |
| UK | Royal | 70.2 lakh |
| France | INSEAD | 88.55 lakh |
| Switzerland | imd | 88.72 lakh |
| Netherlands | rotterdam | 57.8 lakh |
,Source: University websites,
MBA in Switzerland: In Switzerland, the best B-school is arguably IMD, which attracts students from different parts of the world. The tuition for a one-year MBA at IMD is CHF 97,500, which is equivalent to 88.72 lakh (at 1 CHF = 91).
MBA in Netherlands: There are many B-schools in Netherlands like Maastricht, Rotterdam and Amsterdam Business School.
Rotterdam School of Management charges a fee of €65,000 which is equivalent to 57.8 Lakhs while Amsterdam Business School charges €46,000, which is equivalent to approximately 41 lakh.
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Published: 26 April 2024, 08:24 PM IST
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