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:
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
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%.
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€10,000is 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.
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.
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
Eva
Verified
30/06/2024
On Campus
Mind blowing teaching techniques
Amsterdam business school is amazing. I realized I was going to be in for a treat as soon as I walked into the beautiful campus. Experts in their fields, the professors are committed to our achievement and have a strong love for teaching. They mentor, encourage, and push us to think creatively and beyond the box in addition to teaching. With real-world case studies, cutting-edge research, and practical projects that make learning engaging and addictive, the classes are the ideal balance of theory and practice. Our instructors use every resource available to us to get us ready for the future, from leadership and sustainability to entrepreneurship and creativity.
Sophie
Verified
30/06/2024
On Campus
Diverse method of teaching
The Amsterdam Business School is revolutionising the field of education! Not only are the professors here authorities in their domains, but they are also rock stars of passion, innovation, and originality. They encourage you to think creatively, question the established quo, and venture into uncharted territory in addition to imparting theoretical knowledge. Furthermore, their methods of instruction are really astounding! I was thrown into engaging classes that promoted creative problem-solving and questioned traditional wisdom from the very beginning. Here, the lecturers combine theoretical understanding with real-world application.
Lotte
Verified
30/06/2024
On Campus
Powerhouse of learning
Amsterdam Business School is a true powerhouse of innovation and learning! The professors here are not just experts in their fields, but also masterful storytellers, passionate mentors, and creative geniuses. They don't just teach you business theories, they inspire you to think critically, challenge assumptions, and explore new possibilities. And the way they teach is absolutely revolutionary! Imagine interactive classrooms that feel like innovation labs, where collaboration, creativity, and cutting-edge tech come together in perfect harmony.
Student
Verified
20/09/2024
Blended
A Transformative Experience at ABS
I've had the pleasure of studying at Amsterdam Business School, and it's been a game-changer. The faculty's expertise, combined with interactive learning methods, provided invaluable insights. Networking opportunities, career services, and alumni connections opened doors to new possibilities.
Student
Verified
8/09/2024
On Campus
A top business school
Amsterdam Business School offers an exceptional learning environment with a strong focus on international business. Its diverse faculty, innovative programs, and real-world connections provide students with practical skills and global perspectives. I love it!
Student
Verified
2/09/2024
On Campus
Practical insight
Amsterdam Business School is more than just a business school; it's a launchpad for future leaders. With its outstanding professors, innovative teaching methods, and state-of-the-art learning environment,
ABS provides a truly transformative education experience. It's a place where students are not only educated but are also inspired to innovate, lead, and make a meaningful impact in the world. At ABS, you don't just learn about business; you live it.
