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
I am a Bangladeshi corporate banking professional at a global bank, managing a $660M lending portfolio across power, infrastructure, manufacturing, and commodity clients. I worked on a $286.5M financing for a 584MW gas-fired power plant and led power-sector stress testing during Bangladesh’s 2024–25 political transition. I am also a CFA Charterholder. Alongside banking, I co-founded a cross-border advisory boutique connecting Chinese contractors/operators and South Asian sponsors across healthcare infrastructure, steel, solar, and EV distribution. My long-term goal is to build a South Asia-focused infrastructure advisory and capital platform that mobilizes institutional and strategic capital into essential sectors.
Former U.S. Marine Corps infantryman currently pursuing Economics and Psychology at the University of Arizona. Interested in investment banking and private equity with long-term goals in high finance leadership roles. Prior to military service, owned and operated a service-based business during high school, developing early experience in sales, client management, and operations. Previous leadership experience includes serving as Vice President of DECA. Current experience includes working within the university finance department on budgeting and financial projects, participating in the university’s venture capital and startup investment ecosystem through Tech Launch Arizona/Wildcat Seed Fund initiatives, and completing an investment banking internship in Summer 2027. Building a strong foundation in valuation, financial modeling, leadership, and strategic decision-making while leveraging military leadership experience and academic performance to pursue a top MBA program with strong investment banking placement.
I have a 3.6 GPA in 60 credits of math, computer science and physics.
I have a small online language businesses with international clients and employees.
Hi experts and community,
I am a prospective applicant for the 2027 intake and need a "brutal" evaluation. My biggest concern is my short work experience (I will have under 3 years by matriculation). I need advice on how to maximize my total overall profile in the next 4 months to compete with more seasoned candidates.
My Profile:
- GMAT Focus: 675 (I consider 675 is under my best performance a little).
- Education: GPA 3.51/4 in a major university in Vietnam, Passed CFA Level 2 (90th percentile)
- Work Experience (Under 3 years at matriculation):
+ 15 months - Buy-side Equity Investment: Sector analysis and valuation.
+ Current (approx. 16 months by matriculation) - Corporate Finance: Focus on Capital Raising and M&A Execution (preparing deal documentation and due diligence for subsidiary acquisitions).
- Extracurriculars & Leadership:
+ CFA Society Vietnam (Vietnam Community of Investment Professionals): 4 years volunteer in total, of which 1 year as a Volunteer Lead for community projects.
+ Entrepreneurship: Co-founder of a small language center (managing operations, sales and finance).
Post-MBA Goals: Transition to Investment Banking (IB) or stay in Corporate M&A.
My Questions for the Experts:
+ School Stretch: Given my limited YOE, which Top EU/UK MBA programs (LBS, INSEAD, HEC, Oxford, Cambridge, IESE,...) are my realistic targets?
+ Overall Profile Maximization: What specific areas should I sharpen in the next 120 days to strengthen my profile?
Thank you all in advance for your time and insights!
In addition to my undergraduate degrees in landscape architecture and geography, I also have an MA in geography 3.9 gpa, and a PhD in Architecture. I am currently a VP at my company and a likely candidate for CEO in the near future. I want to continue working while pursuing my MBA to increase my chances of moving into the CEO role. Also, my goal is to start my own ClimateTech firm in the next several years. An MBA will help achieve both of these goals. For each of the selected schools, I would pursue their online MBA program so I can continue working. While I, of course, want to attend a prestigious program, I'm not willing to sacrifice my money or too much of my company's money to spend six figures on an online MBA. That is a part of the driver for the programs I have selected to look at. In the US, it is rare that online programs provide funding; a bit seems to be available at European programs.
MBA LiveWire
EWMBA program, 9 years post grad experience
Rejected pre-interview for deferred.