How Much Does Studying an MBA Degree Cost in 2020?

MBA degrees are many things: popular, top-quality, practical, useful, etc. But they definitely aren’t cheap. Depending on the country where you want to study abroad, you can expect to pay anywhere between 5,000 and over 70,000 EUR per academic year for an MBA. Yes, you’ve read that right: 70,000 EUR!

Find MBAs abroad

While you can find several European universities offering free MBA programmes, they are an exception to the general rule. These are the most popular countries for a Master of Business Administration:

We’ve looked at the popular study destinations listed above and at the MBA degrees on our portal, and these are the costs you’ll have to pay to learn everything there is to know about starting, managing, and growing a business.

1. MBA costs in the USA

The USA holds a special place among top MBA study destinations. Its universities and colleges are often in the top 10 list of international rankings, like the Times Higher Education Rankings by Subject.

While top American business schools also have some of the highest tuition fees, MBA costs usually range between:

MBA costs at the best business schools in the US

You can also find MBAs with low tuition in the USA (under 5,000 EUR/year).

In the US, online MBA costs vary between 535 – 78,000 EUR/year.

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2. MBA costs in the UK

After the United States, Britain is the second country with the most universities ranked in the top 10 business school rankings. In the UK, you can also visit the Tower of London, the Buckingham Palace, Big Ben, Stonehenge, and many other touristic attractions which are famous all over the world.

In the UK, MBA costs usually range between:

MBA costs at the best business schools in the UK

You can also find several MBAs with low tuition in the UK (under 5,000 EUR/year).

In the UK, online MBA costs range from 4,020 to 21,775 EUR/year.

3. MBA costs in Australia

Australia will always attract international business students thanks to its friendly and supportive academic environment, its natural beauty, the numerous sights to explore, and the fact that Australian cities are some of the best destinations for international students.

If you want to study an MBA in Australia, it won’t come cheap. Costs usually range between:

MBA costs at the best business schools in Australia

In Australia, online MBA costs vary between 10,675 – 24,760 EUR/year.

4. MBA costs in Canada

Canada has a high quality of life, top-ranked student cities, and offers business students the chance to learn a new foreign language and grow in a bilingual environment. In a country that embraces diversity and acceptance, it’s not surprising that MBA costs vary from one extreme to another:

MBA costs at the best business schools in Canada

You can also find several MBAs with low tuition in Canada (under 5,000 EUR/year).

In Canada, online MBAs will cost you between 875 – 13,700 EUR/year.

5. MBA costs in China

As a study destination, China has increased a lot in popularity during the last years. The reason? Affordable tuition fees, economic investments, and a desire to become an academic hub for international students.

Culture an ancient history are other important reasons why students from all over the world choose to study in China. Here’s how much you can pay for an MBA in China:

MBA costs at the best business schools in China

You can also find several MBAs with low tuition in China (under 5,000 EUR/year).

Chinese universities don’t currently list any online MBA on our portals.

6. MBA costs in Switzerland

Switzerland is well-known for its top-quality education, high living standards, but also high prices. If you have the right budget, studying at a Swiss university can be a wonderful experience. Switzerland also has one of the most stable and thriving economies in Europe, which makes it ideal for a business career after graduating an MBA degree.

MBA costs at some business schools in Switzerland

In Switzerland, online MBA costs range from 5,000 to 33,000 EUR/year.

Colleagues discussing during a business meeting

7. MBA costs in Spain

¿Hablas español? (Do you speak Spanish?) Don’t worry, you don’t need to, at least not for an English-taught MBA at a Spanish university. If you like the language or want to learn it at a basic level, that’s a bonus. Other reasons to study in Spain are the sunny weather, the friendly & easy-going people, and the affordable costs of living.

MBA costs at some business schools in Spain

In Spain, online MBA costs vary between 300 – 20,850 EUR/year.

8. MBA costs in Germany

Germany is one of the most popular study destinations for good reasons. The Western European country has the largest economy on the continent, thanks to a well-developed infrastructure, a great industry, and a high-standard education system. Germany also maintains a low unemployment rate, which means you can easily find a job after finishing your Master of Business Administration.

MBA costs at the best business schools in Germany

You can also find several MBAs with low tuition in Germany (under 5,000 EUR/year).

In Germany, online MBA costs range from 4,500 to 12,400 EUR/year.

9. MBA costs in France

Vive la France! The country where you can speak the language of love, visit the Eiffel Tower, the Louvre Museum and many other internationally renowned touristic attractions.

France is also home to high-ranked universities, and the student living costs are in line with the European average. Paris is one exception, where you can expect to pay a lot for accommodation depending on where you want to live. Here’s how MBA costs at French universities line up:

MBA costs at some business schools in France

In France, online MBA costs vary between 5,000 – 23,750 EUR/year. There are only a handful of online MBAs from French universities on our portal.

Find MBAs abroad

MBA costs for EU/EEA and non-EU/EEA students

At European universities, you’ll often encounter two types of tuition fees. One for EU/EEA students and another for non-EU/EEA citizens. Sometimes, the same fee applies to both types of students, but this depends on the university or country where you study.

For example, in Germany tuition fees are usually the same for all international students. In other European countries, non-EU/EEA citizens usually pay more, sometimes up to 30 or 50% more. When you look at an MBA degree abroad, always check which tuition fee applies to you.

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