Most Affordable MBA Programs In Europe

We are committed to helping aspiring business leaders find the perfect MBA program. We have gathered the best information on European MBA programs and have analyzed key data to help you make your decision. This guide focuses on affordability, as many students are looking for ways to make their degree more affordable or are already in debt from undergraduate studies. We hope that this information will allow you to make a smart investment in your future.

Do you dream of getting an MBA? If so, you’re not alone. With the opportunities an MBA degree can bring, it’s no surprise that people from all over the world are flocking to business schools hoping for a chance at a new career.

However, there’s one small problem: business school is expensive.

Whether you’re looking for a cheap MBA program, executive MBA in Europe, or affordable MBA in Germany, this article’s for you. You’ll learn more about two start-ups in the European education field: TopMBA and ExecMBA, who are both setting out to give students a cheaper way of earning these sought-after qualifications. To TopMBA and ExecMBA’s potential users, we say: “Good luck!”

 Some of the most affordable MBA programs in Europe can be found in Germany, where a few top business schools offer degrees in English. Other options include Scotland and Austria. In addition to Germany, there are several European countries that also host top MBA programs. France is one of them, as evidenced by INSEAD’s proximity to Paris and Fontainebleau. London has its school too: the London Business School.

Most Affordable MBA Programs In Europe

The decision to pursue a Master’s in Business Administration is an important one. Whether you’re looking to increase your salary, grow in your current position, or re-enter the workforce after a break, an MBA can be the key to unlocking your potential. But it’s not just about earning a degree—it’s about finding the right program for you. That’s why we’ve compiled this list of the most affordable MBA programs in Europe. Read on to learn more!

In today’s fast-paced business world, it’s not uncommon for professionals to find themselves in need of an MBA (Master of Business Administration). But, getting an MBA isn’t cheap. Fortunately, there are several business schools in Europe that offer some of the most affordable MBA programs available.

Central European University (CEU)

Vienna, Austria

CEU’s MBA program is one of the least expensive full-time, AMBA-accredited MBAs in the world, due to an endowment from the school’s founder, George Soros. As an added bonus to value-hunters, the school is located in Budapest, which generally features lower living costs than major cities in other parts of Europe.

Conservatoire National des Arts et Metiers (CNAM) – International Institute of Management

Paris, France

Paris is not a cheap city, by any means. So budget-minded students looking to study for their MBA in the City of Light might want to do it as inexpensively as possible. CNAM’s Paris-based International MBA program had be had for less than half the cost of other programs in the city.

MIB Trieste School of Management

Trieste, Italy 

Tucked away in the picturesque northeast corner of Italy, MIB’s Trieste location is hard to beat in terms of natural beauty. But the school also offers one of the least expensive AMBA-accredited MBA programs in Europe. But don’t be mistaken: low cost does not mean low value—MIB is listed by FIND MBA as one of the best European business schools off the beaten path.

Athens University of Economics and Business (AUEB)

Athens, Greece 

The International MBA program from Athens-based AUEB is one of the few AMBA-accredited MBA programs in Greece, at a very reasonable cost. The school’s full-time MBA can be completed in 14 months.

Universidad Carlos III de Madrid (UC3M)

Madrid, Spain

Students looking for a value MBA program in Spain will find it at UC3M. The school’s full-time, AMBA-accredited MBA is a fraction of the cost of other programs in Madrid, and indeed, in most of Europe.

Zagreb School of Economics and Management (ZSEM)

Zagreb, Croatia

Zagreb School of Economics, which, as of 2016 is the only AACSB-accredited business school in Croatia, offers an MBA program with classes scheduled in the afternoons. Although the program can be completed in one year, students can also choose to take classes during a second year as well, for no additional fee.

Hochschule Pforzheim

Pforzheim, Germany 

Today, those wishing to pursue an internationally-accredited MBA in Germany have no shortage of options. However, few German business schools can provide an AACSB-accredited program at the price point of Pforzheim’s MBA in International Management. Those who have a bachelor’s degree in business or economics can shorten the program by six months (and pay even less.)

Koç University – Graduate School of Business

Istanbul, Turkey 

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

Poznan University of Economics

Poznań, Poland 

Since it’s delivered on a part-time basis, Poznań’s MBA program is perfect for students in Poland and other parts of the region who want to come to Poznań just for modules. The school’s MBA is AMBA-accredited and is offered through a partnership with Georgia State University’s Robinson College of Business.

Univerza v Ljubljani – University of Ljubljana

Ljubljana, Slovenia 

The University of Ljubljana’s modular MBA program is popular with working professionals who don’t want to take a lot of time off work. As of 2016, the school is the only one in Slovenia accredited by AACSB and EQUIS.

executive mba in europe

Europe offers some of the highest quality EMBA programs in the world. There are many universities located in international cities with international students that offer culture and intellect that further the educational experience of a European EMBA.

Students of European EMBA programs will gain a solid business foundation from a global perspective. European EMBA programs attract students from all over the world that have professional experience in business and are seeking to further their careers into leadership positions. Students of European EMBA bring their on-the-job knowledge and experience to the interactive learning environment. Often European EMBA programs will include challenging coursework, guest lecturers, company visits, and projects to gain a full understanding of business practice.

If this seems like what you have been looking for, then scroll through the options below and find the perfect European EMBA program for you

Executive MBA

Hult International Business Schoo

lLondon, United Kingdom +2 More

Balance work and study with this part-time program that combines the immersive campus experience with the flexibility busy professionals need.

Executive MBA – Munich

IESE Business School

Munich, Germany

IESE launched the Executive MBA in Munich in 2019 to meet growing demand from business leaders in German-speaking countries and central Europe. The school began full-time operations in Germany in 2005, and in 2015 became the first international business school to open a permanent campus there. The new campus, designed by distinguished architect André Behncke, is located in the city center, near the Bavarian parliament. Today, IESE works closely with Mittelstand companies and multinationals to provide a world-class education for their executives, as well as providing a gateway to the local business culture for international managers. 

Executive MBA – EMBA – Chief Value Officer

Audencia

Paris, France

The Executive MBA Chief Value Officer is a graduate degree from Audencia, a school that is triple accredited (EQUIS, AACSB, and AMBA) and the first MBA in the world dedicated to transforming the measurement, control, and audit professions to get them through the “multi-capital” world. Integrated Thinking, Value Creation, Responsible Strategic Leadership, and International Dimension are the distinctive elements of our MBA Chief Value Officer. We offer you a very high-quality education with exceptional guest speakers and experienced faculty, as well as strategic partnerships. At the end of this course, each participant obtains the EMBA Chief Value Officer degree from Audencia Business School. PARIS on Campus and Online combined + 2 learnings expedition Part-time, 65% online courses 

Executive MBA – 18 months

Rotterdam School of Management | Erasmus University

Rotterdam, Netherlands

Building your future takes more than buzzwords and business cards. As an executive on the rise, you know exactly what we mean. Success takes big ideas and bright leadership.

Executive MBA General Management

Stockholm School of Economics Russia

Saint Petersburg, Russia

Since the early 2000s, the Stockholm School of Economics in Russia offers top-ranked Executive MBA programs for both Russian and international experienced managers, leaders, and specialists. The SSE Russia Executive MBA program is an 18 month long advanced general management program for high-caliber working professionals with Swedish methodology of inclusive education, emphasis on sustainability, and electives in Innovation & Entrepreneurship and Financial Management. 

Executive MBA (Part-time)

Trinity College Dublin – MBA programs

Dame Street, Ireland

Whether you want to fast track your current career trajectory, or pivot in an entirely new direction, the Trinity Executive MBA sets out a learning journey that helps students to reach their potential. Delivered over two years the Trinity Executive MBA is designed to realise your goals while fitting in with your schedule. Our global community of students learn cutting-edge real-world management techniques from both leading researchers and high-performance business executives. Our global reach is evident in the classroom; our students are incredibly diverse, and our teaching team matches that level of diversity.

Executive MBA

Maastricht School of Management

Maastricht, Netherlands

The MSM Executive MBA is a part-time program designed to balance the pressures of work with study. Classes are conducted through eight modules which can be completed in 2.5 years, however, you can take longer if needed. 

Executive MBA – International Accredited Program in Rome

Swiss School of Management, Rome Italy

Rome, Italy

This program is designed to allow professionals/executives to earn an international accredited Executive MBA degree while continuing to pursue their careers. We emphasize intercultural, career-oriented practices while incorporating the latest advancements in theory. We provide you with a unique opportunity and experience to obtain an Executive MBA in Rome, Italy, and to successfully contribute to the economic and social development locally, regionally, and internationally. 

Executive MBA (3 accreditations)

IFM Business School – Geneva Switzerland

Geneva, Switzerland

This Executive MBA format is designed for professionals, executives, high-potential managers, and entrepreneurs who want to take their careers to the next level. This accredited program is ranked 1st in Switzerland and 4th in the world by CEO Magazine 2021. 

Executive MBA

Swiss School of Business and Management

Geneva, Switzerland +1 More

This MBA focuses on 3 key areas that deal with Executive aspects: Leading Disruptive Innovation, Executive Leadership, Technology, and People. Our Executive MBA (EMBA) program is designed to educate experienced working executives, managers, entrepreneurs, and other business leaders and provide them with the latest knowledge on the executive leadership level. You will enjoy top-class business administration management training.

affordable mba in germany

Planning to do an MBA in the top study abroad destination, Germany? But is the high cost stopping you to do it? For you we have made a list of universities both public and private which will cost you low:

Cheap Public Universities in Germany

1. Johannes Gutenberg University

Johannes Gutenberg Universität (JGU) is one of the top Public universities in Mainz, Germany. It is ranked #=403 by the QS Global World Rankings 2021. It is one of the most diverse and largest universities in the country. They attract students and scholars from around the globe, conduct national conferences, and regularly host international symposia on a wide range of academic fields. 

CourseAverage Fees
MBA3500 EUR 

2. University of Bayreuth

The University of Bayreuth(UBT) is a public research university located in Bayreuth, Germany. It is a research-orientated campus university. It has an impressive international network and responds to social changes and processes with innovations that continue to set new standards. It has modern research bodies and top-class research facilities.

CourseAverage Fees
MBA7338 EUR 

3. Ludwig Maximilians University Munich

The Ludwig Maximilian University of Munich is a research-based public university located in Munich city of Germany. It is recognized as one of the cheapest mba in Germany for international students. LMU has attracted plenty of inspired scholars and talented students from the different parts of the world. Creative thinking, research and problem-solving are the mains in the academic programs of the LMU.

CourseAverage Fees
MBA4,800 EUR 

4. Esslingen University of Applied Sciences

The Esslingen Graduate School puts stress on running challenges, dynamic and career-building. It is located in Southern Germany. The MBA of the Esslingen is globally recognised, highly competitive, and ranks the list of top MBA programmes in Europe. If you are looking for a cheap mba in Germany, this university should be on your list.

CourseAverage Fees
MBA2822 EUR 

5. Offenburg University of Applied Sciences

Offenburg University of Applied Sciences offers plenty of international study programs in the English language. It also provides several academic and non-academic facilities and services to students such as sports facilities, library, housing, study abroad and exchange programs etc. It is one of the affordable business schools for mba in Germany.

CourseAverage Fees
MBA10,400 EUR 

6. Reutlingen University

Reutlingen University is counted among the leading universities for business-related and international academic training. It is located in the  Reutlingen city in the southern German province of Baden-Württemberg. In 2008, Reutlingen University merged all three of its business schools, School of International Business, European School of Business, and Production Management and formed the European School of Business (ESB)

CourseAverage Fees
MBA3,450 EUR 

best affordable mba programs in the world

Welcome! We are glad you are considering pursuing an MBA. There are many options for getting your MBA, but you may want to consider getting one abroad. The best option for you depends on a lot of factors, including cost and your personal situation. The most important thing is that you make the decision that is right for you. In this blog, we will give you information about the most affordable MBA programs in Europe. You can use this information to make a decision about whether or not the most affordable program is also the best program for you.

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We have listed below some (not exhaustive) of the business schools that have performed well in the FT global MBA rankings and which offer low tuition fees less than $100,000.
 

FT Rank 2021Business SchoolApprox. Total Tuition fees
94IIM Indore (India)$23,000
35IIM Bangalore (IIMB) PGP (India)$31,000
48IIM Ahmedabad (IIMA) PGP (India)$31,000
67Tsinghua University School of Economics and Management (China)$31,000
94University of Cape Town Graduate School of Business (South Africa)$35,600
44Indian Institute of Management Calcutta (India)$36,000
35Sungkyunkwan University GSB (South Korea)$43,500
74Durham University Business School (UK)$46,000
96Lancaster University Management School (UK)$46,000
37Nanyang Business School (NTU) (Singapore)$46,000
90EMLyon Business School (France)$46,000
78EADA Business School (Spain)$46,300
82The Lisbon MBA (Portugal)$47,000
58University of Mannheim-Mannheim Business School (Germany)$47,000
54WHU Beisheim (Germany)$48,000
14National University of Singapore (NUS) (Singapore)$49,000
23Indian School of Business (ISB)$49,000
58Singapore Management University, Lee Kong Chian (Singapore)$50,000
53Shanghai Jiao Tong University, Antai (China)$51,000
80ESMT Berlin (Germany)$52,000
98Copenhagen Business School (Denmark)$52,500
81Essec Business School (France)$55,000
32Warwick Business School (UK)$61,000
39IE Business School(Spain)$61,000
40University of Florida, Hough Warrington (USA)$62,000
79AGSM at UNSW Business School (Australia)$62,000
30University of Manchester, Alliance Manchester (UK)$63,000
32Fudan University School of Management (China)$65,000
64University of St. Gallen (Switzerland)$65,000
73University of Texas at Dallas, Jindal (USA)$65,000
7CEIBS (China)$68,000
87Melbourne Business School (Australia)$68,300
12SDA Bocconi (Italy)$70,000
48CUHK Business School (Hong Kong)$72,000
22HKUST Business School (Hong Kong)$75,300
29HKU Business School (Hong Kong)$75,600
63Erasmus University-Rotterdam School of Management(RSM) (Netherlands)$78,000
91McGill University, Desautels (Canada)$80,000
16University of Cambridge (Judge) (UK)$85,000

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