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 February 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 2025 Intake Euros |
Tuition 2025 Intake USD |
Duration of Program |
|---|---|---|---|
| Bocconi | €82,000 | $85,548 | 9 months |
| Cambridge Judge | €92,814 | $96,890 | 1 year |
| Esade | €78,500 | $81,896 | 12, 15 or 18 months |
| ESMT Berlin | €50,000 | $52,163 | 15 months |
| HEC Paris | €99,000 | $103,283 | 16 months |
| IE Business School | €82,300 | $85,861 | 11, 15 or 19 months |
| IESE Business School | €110,000 | $114,759 | 15 or 19 months |
| IMD Business School | €141,617 | $91,788 | 1 year |
| Imperial College Business School | €73,000 | $76,158 | 1 year |
| INSEAD | €103,500 | $107,905 | 10 months |
| London Business School | €144,067 | $150,224 | 15 to 21 months |
| Manchester AMBS | €72,257 | $58,852 | 15 or 18 months |
| Oxford Saïd Business School | €100,613 | $104,900 | 1 year |
| Rotterdam Business School | €65,000 | $67,749 | 1 year |
(Before conversion, Cambridge Judge tuition is £74,000; LBS tuition is £119,950; IMD tuition is CHF 80,000; Oxford tuition is £83,770; Manchester tuition is £49,000.)
Looking at the chart above, a handful of the European programs run over €100,000 in tuition alone. LBS, based in London, reaches the highest cost at €144,067–and this figure covers any duration of the degree. The conversion of the Swiss franc for IMD leaves the program tuition in a close second, landing at €141,617. Meanwhile, IESE, INSEAD and Oxford 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, Manchester and Imperial 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 €2,400/month. Similarly, Esade in Spain estimates students will need an additional €2,300/month for living expenses. Meanwhile, Manchester in England expects students to budget €1,325/month (£1,100/month). Rotterdam, another 12-month MBA program with a January start, suggests that cost of living will run €1,500/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 a 2025 start.
This page was last updated February 5, 2025.