Real Numbers of MBA Admissions: Cost of MBA Programs in Europe
How much does an MBA in Europe cost?
The bulk of the cost of an MBA comes down to tuition. Beyond that, MBA candidates should also plan for living expenses, including room and board, transportation, meals, health insurance and other personal costs. Some programs also have mandatory fees and require funds for activities and supplies. Depending on location, European schools will list costs in pounds, Euros or Swiss francs, so we’ve converted cost to Euros and USD to help with comparisons–especially if you’re also considering Real Numbers: Cost of MBA Programs in the U.S.
In this edition of Real Numbers of MBA Admissions, we’ve compiled the cost of tuition of leading European MBA programs in the chart below in both Euros and USD (based on December 2025 conversion rate) for each program. We’ve also listed the duration of each program, as one-year MBAs are more popular there.
| European School | Tuition 2026 Intake Euros | Tuition 2026 Intake USD |
Tuition 2025 Intake Euros |
Tuition 2025 Intake USD |
Duration of Program |
|---|---|---|---|---|---|
| Bocconi | €82,000 | $96,502 | €82,000 | $85,548 | 9 months |
| Cambridge Judge | £80,000 | $94,148 | €92,814 | $96,890 | 1 year |
| Esade | €79,300 | $93,324 | €78,500 | $81,896 | 12, 15 or 18 months |
| ESMT Berlin | €50,000 | $58,843 | €50,000 | $52,163 | 15 months |
| HEC Paris | €102,000 | $120,039 | €99,000 | $103,283 | 16 months |
| IE Business School | €89,900 | $105,799 | €82,300 | $85,861 | 11, 15 or 19 months |
| IESE Business School | €114,000 | $134,161 | €110,000 | $114,759 | 15 or 19 months |
| IMD Business School | €104,895 | $123,446 | €141,617 | $91,788 | 1 year |
| Imperial College Business School | £78,000 | $91,795 | €73,000 | $76,158 | 1 year |
| INSEAD | €109,860 | $129,289 | €103,500 | $107,905 | 10 months |
| London Business School | £123,950 | $145,871 | €144,067 | $150,224 | 15 to 21 months |
| Manchester AMBS | £50,000 | $58,843 | €72,257 | $58,852 | 15 or 18 months |
| Oxford Saïd Business School | £88,800 | $104,504 | €100,613 | $104,900 | 1 year |
| Rotterdam Business School | €67,000 | $78,849 | €65,000 | $67,749 | 1 year |
Looking at the chart above, several of the European programs run over €100,000 in tuition alone. LBS, based in London, reaches the highest cost at £123,950–and this figure covers any duration of the degree. Meanwhile, IMD, IESE, and INSEAD land closer to the €100,000 threshold. On the other end of the spectrum, ESMT Berlin comes in at half the cost–€50,000. Rotterdam and Manchester are the only other MBA programs under €75,000.
It helps to know what your budget should be to cover the price of an MBA program. For instance, the cost of living across these programs varies. Bocconi, based in Italy, estimates living expenses of €2,000-€2,500/month. Similarly, Esade in Spain estimates students will need an additional €2,300/month for living expenses. Rotterdam, another 12-month MBA program with a January start, suggests that cost of living will run €1,700/month. About a third of European business schools offer need-based scholarships to help offset the cost of an MBA. Many programs also offer fellowships to aid in covering the expenses of an MBA.
The Real Numbers of MBA Admissions: Cost of MBA programs in Europe is based on 2026 and 2025 start dates.
This page was last updated December 30, 2025.
MBA Applywire
My low cgpa was as a result of working part time during my undergrad to cover my expenses and mostly for experience. Parent's business run into financial challenges made things difficult because i had to pay my fees. had CGPA of 3.0+ in 3rd and 4th year in my undergrad(60 credit hours). currently work in commercial bank in CX with 4yrs Work Exp. It will be 6yrs when I apply for the MBA ,I will be promoted to a different unit soon. pro bono consulting for young entrepreneurs. Led youth groups at church and organize capacity building events.
Plan on writing the GRE with 330 as target.
Hoping for a significant scholarship
1. I want advise on how to build my profile to make me an ideal candidate for R1 acceptance and $$$
I have worked for over 10 years in sales and business development and I am currently completing a PostGraduate Diploma in Banking and Finance and I need an a good MBA to enable me pivot into financial services.
Currently working in consulting with a major FMCG/alcobev client, mainly across analytics, supply, and business problem-solving work. Over time, I’ve realized I enjoy understanding why problems exist within organizations and how teams, systems, and decisions can work better together, which is what’s pushing me towards strategy consulting and an MBA.
A lot of my interest in business also comes from seeing how everyday products and operations work behind the scenes. Outside work, I co-founded and ran a digital literacy initiative (1yr 2mo) during COVID where we helped elderly individuals and women from underserved communities learn basic digital tools to stay connected and manage daily activities during lockdown.
I’m currently preparing for the GMAT and exploring schools such as LBS, Fuqua, Ross, Tuck, and a few reach schools depending on how the score progresses.
Veteran. Ivy League undergrad. Planning to pivot into consulting or LDP.
MBA LiveWire
15 / June / 2026