MBA in Europe : Admission Guidance and Details
In the recent years it shows that one year and two year MBAs and likewise Business Diplomas are gaining ground in Europe. International students show a steady interest European programs, with a third of programs in Europe showing an increase in demand. Many European institutions also started to offer such programmes through its branch campuses abroad such as Czech College (Prague/UAE).
European MBAs generally tend to come with opportunities to acquire another language and they may come with interesting business specialisations such as fashion, luxury goods or even wine trading!. Worldwide, student recruitment for MBA programs tends to target working professionals, undergraduate students, and international students. However, the Graduate Management Admission Council (GMAC), the organisation which manages the Graduate Management Admission Test (GMAT) reported that European programs also actively recruit women and entrepreneur/business owners. Whilst a very diverse bunch, most European countries are characterised by a cultural openness, international outlook and most often a flexible immigration framework.
How MBA structured in Europe
The traditional MBA in Europe can be 12-24 months full-time, although there are part-time and distance learning options as well as an executive option. Most programmes will start in September but business schools may have several entry points or alternative start dates depending on the type of MBA and the institution. For example Czech College has got 3 intakes per year.
Each MBA will have a specific curriculum but as a general rule, the structure will include core courses, which provide students with an integrated body of basic practical skills. In addition, about a third of the credits will be gained from elective courses which students can choose from.
Business schools may also offer out-of-classroom activities so if you are after practical experience as part of your MBA, check what is on offer in your course. For example:
- Competitions, a group activity sometimes involving local business (and a cash prize!);
- Research papers/dissertations;
- Consultancy, undertaking projects on request from business and non-for-profit community;
- Compulsory or optional periods of time abroad (including in partner overseas institutions)
Accreditation for MBAs in Europe
Business schools often have accreditations for its MBAs. The most prestigious accreditation bodies related to Europe MBAs are:
- AACSB – The Association to Advance Collegiate Schools of Business (based in Tampa, Florida, with an Asia office in Singapore).
- AMBA – The Association of MBAs (based in London).
- EQUIS – European Quality Improvement System (based in Brussels).
Note on Admissions requirements for European MBAs
Academic Requirements for MBA in Europe
You’ll be expected to have a minimum GPA of 3.0/4.0 (or its international equivalent such a UK upper second class bachelor) for your undergraduate degree. A GMAT score is often required and generally a minimum score of 500-600 will be required but there is huge variation in the requirements. Many new age business schools admit students even without GMAT
Language Requirements for MBA in Europe
Excellent verbal and written skills are required and if English is not your first language, you’ll have to provide evidence of proficiency through an English language test such as TOEFL or IELTS. Similar requirements will apply in other languages, if you are opting for a bilingual programme or for a programme delivered mainly in the local language.
Other requirements Requirements for MBA in Europe
- Minimum 2-3 years relevant professional experience (some institutions will accept one year).
- Personal statement.
- Successful interview for shortlisted candidates.
In brief, admissions officers will be looking for candidates who:
- Can demonstrate motivation, maturity and leadership.
- Have relevant work experience, including successful projects which can illustrate their attributes.
- Have a strong academic background.
Please note that , different schools have different sets of criteria regarding the above. Please contact the individual school for more details.
Job Prospects after doing MBA in Europe
Being a professional qualification, MBA programs provide a high employability rate for their graduates and work opportunities are available in the numerous global and local companies, throughout Europe and beyond, especially in emerging economies keen to engage with partners in European countries.
How much does MBA cost in Europe
MBA tuition fees vary considerably depending on which institution you choose. In Europe, these range from €11,000 to 40,000 (executive or international MBAs may carry higher fees). So it can be a considerably cheaper option than an MBA in North America, for example.
Having said this, it is also to note that there are many affordable business programmes also on offer. Check out the two business programmes offered by Czech College . Please see the fees section here.
Application fees for MBA in Europe
Most MBA programs will carry an application fee up to €100, depending on the institution. Others will apply an administrative fee for non-EU students. Once accepted onto a program, it is likely you will have to pay a non-refundable deposit to secure a place, although this is then redeemed against your tuition fees once you have started the program.
Other fees and costs for MBA in Europe
Institutions will sometimes have additional fees for student services, either optional or compulsory. International students are also required to have adequate health insurance and will have to subscribe to a policy through their institution. For living expenses and accommodation costs, contact the Student Relation Officer of the institution.
MBA in Europe : Scholarships
If sponsorship from your employer is not an option, you may wish to explore scholarships to support your MBA studies. Business schools may offer MBA entrance scholarships, based in on merit or scholarships created from donations and legacies, recipients being selected on merit but on a wide variety of criteria. External organisations, such as banks and financial institutions may also have scholarships on offer.
At Czech College we offer upto 40% scholarship for deserving students. Contact our admission office for details.