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15 Top MBA Scholarships For European Business School Students

These European business schools offer MBA scholarships based on your GMAT score. Find out how much you can save on your tuition!

Wed May 25 2022

BusinessBecause
Are you applying to European business schools for your MBA? You’ll first need to take the GMAT Exam to get accepted. Then, you’ll need to find the funds to finance your MBA.

While MBA programs cost less in Europe than in the US, going to business school is still a significant investment. According to our BusinessBecause Cost of MBA Report 2021, the average total cost of a top-ranked full-time MBA in Europe is around $130,000, with tuition fees making up a significant portion.

Fortunately, business schools offer MBA scholarships based on your GMAT score. If you score well on the GMAT, you can qualify for a percentage off your tuition fees; often up to 50% off your tuition.

These MBA scholarships make an MBA in Europe more affordable and mean you’ll get a quicker return on your investment. So which European business schools offer GMAT scholarships for MBA students?

Here’s 15 top MBA scholarships for European business school students:


Download our MBA Scholarships Guide 2022

For expert tips on how to improve your MBA scholarship chances, download our BusinessBecause MBA Scholarships Guide | 5 Ways To Boost Your MBA Scholarship Potential

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1. Alba Graduate Business School, The American College of Greece

Candidates with GMAT score equal or over 700, will be granted a partial scholarship of 40% of the total MBA tuition fees. Candidates with a high GMAT below 700 are also eligible for smaller scholarships.


2. Alliance Manchester Business School

Everyone with a GMAT score of over 600 is considered for a merit based scholarship awarded to the most outstanding MBA applicants identified during the admissions process.


3. Amsterdam Business School

The GMAT scholarship for the Amsterdam MBA is eligible for scores above 630 and provides up to €10,000 for the highest scores. The GMAT scholarship is available for all Amsterdam MBA candidates.


4. City University, Bayes Business School

The Academic Distinction Scholarship awards 50% towards the cost of tuition fees and is open to candidates who have achieved a well-balanced GMAT of 700 or above and can demonstrate outstanding academic achievement.


5. EDHEC Business School

EDHEC Business School offers a variety of scholarships based on GMAT score results, academic excellence, and distinction. Applicants with an outstanding GMAT score, an excellent GPA, or impressive experience and extracurricular activities can have their tuition fees automatically reduced by 20 to 50%.


Read: How To Score 700+ On The GMAT—Tips From The MBAs Who’ve Done It

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6. ESMT Berlin

Applicants who submit successful GMAT scores will be considered for scholarships to acknowledge their success. Applicants with a GMAT of 700 or higher can get €4,000 in scholarship money; candidates with a score of 650 to 690 can get €2,000.

To be eligible for a diversity scholarship of up to €8,000 candidates are required to have a minimum GMAT score of 650. Candidates must demonstrate a clear interest in responsible leadership, sustainable development, and technology, as well as submit an essay describing an event from their professional life where they challenged mainstream thought in a group setting.

The ESMT Women's Academic Scholarship, worth up to €10,000 is available to two female candidates for the full-time MBA program with an exceptional record of academic excellence and a GMAT score over 650. 


7. Frankfurt School of Finance & Management

MBA scholarships at Frankfurt cover a partial amount of tuition for the respective program. Selection criteria includes the candidates’ academic results, admission test/GMAT results, application quality, personal achievements and needs. This includes extracurricular activities, social commitment, intercultural skills, international experience, professional experience.


8. HEC Paris 

All HEC Paris MBA admitted candidates can apply for merit-based scholarships. Applicants can receive scholarships worth up to 50% of the HEC Paris MBA’s tuition fees. The final decision is based on academic excellence, the overall strength of the application, the results of the selection interviews and the candidate’s GMAT score.


9. IÉSEG

IESEG’s GMAT scholarships available offer 20% tuition reduction for admitted applicants with a GMAT score between 610 and 640, 30% tuition reduction for admitted applicants with a GMAT score between 650 and 680, 40% tuition reduction for admitted applicants with a GMAT score between 690 and 720, and 50% tuition reduction for admitted applicants with a GMAT score of 730 or higher.


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10. Imperial College Business School

A range of scholarships are available  at Imperial, including GMAT excellence awards, and all self-funded candidates are automatically considered for all scholarship schemes for which they meet the eligibility criteria, entry requirements and application deadlines.


11. Sacred Heart University Luxembourg, Jack Welch College of Business

Based on your GMAT score you can count on a percentage reduction on the basic rate of your MBA tuition of €39,000, as follows: 550 - 600: By 10%  |  601- 650: By 15%  |  650 & Above: By 20%

Other achievements will also be considered, such as good study results (GPA) and quality of work experience as well as additional qualifications.


12. University College Dublin (UCD) Michael Smurfit School of Business

Merit-based MBA scholarships cover up to the full tuition fees for either the Full-Time, Executive or Modular MBA—one of the most generous MBA scholarships in Europe. 

A GMAT score of 700 or above is required. The MBA GMAT Scholarships will be awarded to academically exceptional students who will be ambassadors for the UCD Smurfit MBA and the School during their studies and after graduation. 


13. University of Exeter Business School

Exeter offers three academic excellence scholarship categories based on GMAT score: Score of 600 - 640 awarded scholarship of £2,000; score of 650 - 700 awarded scholarship of £3,000; score of 700 or over awarded scholarship of £6,000.


14. Vlerick Business School

Vlerick’s academic scholarship is for candidates with a strong academic record and a GMAT score of over 680.


15. WHU Otto Beisheim School of Management

WHU grants scholarships for excellent GMAT score results and awards are available to all Full-time MBA program applicants. Candidates must submit the respective scholarship application form, their GMAT score report, and a brief essay describing their financial situation. The scholarship is not bound to a certain amount and is awarded based on various criteria.


This article was updated in May 2022.


For insider tips on maximizing your MBA scholarship chances, download our BusinessBecause MBA Scholarships Guide 2022 | 5 Ways To Boost Your MBA Scholarship Potential

Student Reviews

Amsterdam Business School - University of Amsterdam

Student

Verified

5/08/2020

Great education system but terrible administrative system.

I spent my last 3 years at UvA to study Business. Overall, I loved it. I don't regret it at all. - I loved most of the professors I met, and I liked their education system. - Exams were fair and assignments were very helpful to develop my skills in the field (they were pretty tough tho) - I am an Asian student but I never experienced any type of racism while studying at UvA and I felt welcomed all the time. - Very international atmosphere and open-minded staff/students. - Great facilities. I enjoyed studying at the different libraries, and very clean cafeteria and classrooms - Perfect location, and beautiful sight.

Claudette

Verified

9/11/2023

On Campus

Reputable institution

I was so delighted to join Amsterdam business school because The Amsterdam Business School is a highly reputable institution and offers excellent programs for students who want to pursue a career in business. The school has a diverse faculty who are committed to providing students with high-quality education and support to us in achieving our academic and professional goals.

Student

Verified

5/08/2020

Great education system but terrible administrative system.

I spent my last 3 years at UvA to study Business. Overall, I loved it. I don't regret it at all. - I loved most of the professors I met, and I liked their education system. - Exams were fair and assignments were very helpful to develop my skills in the field (they were pretty tough tho) - I am an Asian student but I never experienced any type of racism while studying at UvA and I felt welcomed all the time. - Very international atmosphere and open-minded staff/students. - Great facilities. I enjoyed studying at the different libraries, and very clean cafeteria and classrooms - Perfect location, and beautiful sight.

Greg

Verified

10/01/2024

On Campus

Dedication and motivation all around

Amsterdam Business School work ethic and attitude towards learning are absolutely top-notch. The students there are so dedicated and motivated to excel in their studies. They have this incredible drive to succeed and are always pushing themselves to new heights. The professors also play a huge role in fostering this positive mindset. They are not only experts in their fields but also incredibly supportive and inspiring. It's like being part of a community that is constantly pushing each other to achieve greatness. You won't find a more dynamic and driven environment than at the Amsterdam Business School!

Cathy

Verified

11/01/2024

On Campus

Unlocking your full potential

Amsterdam Business Schooland their professors are absolute legends in their fields. They bring real-world experience and expertise to the classroom, making every lecture engaging and practical. They truly care about their students' success and are always there to guide and inspire. And let me spill the tea about the campus! It's a hub of creativity and innovation. The modern facilities, collaborative spaces, and vibrant atmosphere create the perfect environment for personal and academic growth. Being a student at the Amsterdam Business School feels like being part of something bigger, where you're surrounded by motivated individuals who are ready to take on the world. It's an experience you won't want to miss!

Student

Verified

22/04/2024

Blended

Online Business School Made It Easy

My deepest appreciation goes to God Almighty for the privilege of completing this program. And I also want to appreciate Online Business School for every guide and help I receive, also with materials on platform. Even after completing my program, I still go over and over these materials, it has been a lot helpful to me. Since I started my program in 2021 September, at first, I kept thinking of how I could handle an online program until I started, but I'm grateful I never gave up, because, I got so much support from the students support via email, they never kept my mail waiting, even whenever I needed clarification on my assignments, they never got tired of my mails, I kept mailing until I'm fully cleared and satisfied, I feel so excited about that as well and I don't want to take that for granted. Thank you so much for making this channel accessible for me to archive my desired goal. And here in 2024, I'm very happy for the decision I made in 2021. I am very grateful and blessed. Thank you

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