MBA in Italy is a 1 year long professional masters program offered at multiple universities in Italy. Italy is one of the most popular study-abroad destinations for MBA students because of the presence of world-class universities in Italy and the relatively low cost of studying MBA in Italy. The minimum admission requirement for MBA in Italy is to have a Bachelor's Degree, 3 years of qualified work experience, an IELTS score of 6.0 or above, GMAT score of 600 or above.
The total tuition fees for top universities in Italy offering a MBA program is 30,000 EUR- 70,000 EUR (26-62 Lakh INR) depending on the university you are applying to. MBA is a very lucrative field, after completing MBA in Italy one can work as a General Manager, HR manager, Business Development Manager and earn an average annual salary of 60,000 EUR (53.75 Lakh INR).
MBA in Italy: Course Highlights
| Program | MBA |
| Program Type | Full-time | Part-time |
| Program Duration | 1 year |
| Eligibility Criteria | Bachelor's Degree, 3 years of qualified work experience |
| GPA | 3.25 on a scale of 4.0 |
| English Proficiency Requirements | IELTS: 6.0 or above | TOEFL: 80+ |
| Tuition Fee Range | 30,000 EUR- 70,000 EUR (26-62 Lakh INR) |
| Average Salary | 60,000 EUR (53.75 Lakh INR) |
MBA in Italy: Top Universities
There are many universities offering a degree in MBA in Italy with different specializations and timelines. Following are some of the top universities offering MBA in Italy with their respective application deadlines and total tuition fees:
| University | Program | Deadlines | Total Tuition Fees (EUR) |
|---|---|---|---|
| SDA Bocconi School of Management Milan, Italy | MBA | 20 April 2023 | 65,000 |
| Bologna Business School | Global MBA | February 14, 2023 (Round I) April 4, 2023 (Round II) May 24, 2023 (Round III) July 7, 2023 (Round IV) | 35,000 |
| MIB Trieste School of Management | MBA in International Business | 1 September 2023 | 25,000 |
| POLIMI Graduate School of Management | International Full-time MBA | Rolling Basis | 34,000 |
| St. John's University | MBA | 1 June 2023 (Rolling basis) | 80,655 |
| ESCP Business School | MBA in International Management | 7 April 2023 | 51,500 |
Why study MBA in Italy?
- According to the 2023 QS World University Rankings, four Italian universities are among the top 100 universities in the world for business and management studies.
- According to the Italian Ministry of Education, University and Research (MIUR), the number of international students in Italy has increased by 27.8% in the last decade.
- A study by the Italian Business School Association (ASFOR) found that 85% of MBA graduates in Italy found employment within six months of graduation, with an average starting salary of €56,000.
- Italy has a reputation for excellence in various fields, including fashion, design, engineering, and food, among others. Italian universities also have an excellent reputation for business and management education.
Explore: Exams to study in Italy
MBA in Italy: Admissions
Before applying for an MBA in Italy every applicant must make sure that they fit the eligibility criteria for the university they are applying for. Although every university has its own set of eligibility criteria there are some common criteria that fit all the universities such as academic degree requirements, GMAT score requirements, LOR requirement among other requirements. In the following section the admission criteria is discussed in depth.
MBA in Italy: Eligibility Criteria
To study MBA in Italy, international students need to demonstrate their English proficiency as the degree is taught in English at most of the top universities and submit relevant documentation regarding the same. To apply for an MBA in Italy the minimum criteria of eligibility are as follows:
- Academic Degree- Bachelor's Degree, 3 years of qualified work experience
- GPA- A minimum GPA of 3.25 on a scale of 4.0 is required
- GRE or GMAT Score- GMAT: 600 or above
- English Proficiency Test Score- IELTS score: 6.0 or above
- Statement of Purpose (SOP)- A 1-2 page statement of purpose showing why you want to pursue this course and what are your future plans.
- Letters of Recommendation (LOR)- A minimum of 2 LOR are required
- Experience- A minimum of 3 years of work experience is required by most universities.
MBA in Italy: Admission Requirements
The following section displays the specific admission requirements set by the top universities to get admission into MBA in Italy along with their documentation requirement:
| University | Academic Requirement | GMAT/GRE score | IELTS Score | Additional Documents (Work Experience, Resume, essay, SOP and LOR) |
|---|---|---|---|---|
| SDA Bocconi School of Management Milan, Italy | Bachelor's Degree and 5.5 Year of professional work experience | A high GMAT or GRE score is required | 6.0 or above | SOP, 2 LOR, CV, Transcripts, Video- pre interview, |
| Bologna Business School | Bachelor's Degree, 3 years of qualified work experience | GMAT- 600 | 6.0 or above | SOP, 1 LOR, CV, Transcripts, Signed copies of your eligibility summary sheet and a receipt of the 60 euro application fee |
| MIB Trieste School of Management | Bachelor's Degree, 3 years of qualified work experience | No minimum score | No minimum score | SOP, 2 LOR, CV, Transcripts |
| POLIMI Graduate School of Management | Bachelor's Degree, 3 years of qualified work experience | 590 | No minimum score | SOP, 2 LOR, CV, Transcripts |
| St. John's University | Bachelor's Degree with GPA above 3.25, 3 years of qualified work experience | 590 | 6.5 or above | SOP, 2 LOR, CV, Transcripts |
| ESCP Business School | Bachelor's Degree, 3 years of qualified work experience | 650 | 6.0 or above | SOP, Professional LOR, CV, Transcripts |
MBA in Italy: Cost of study
Although the cost of living in Italy is cheaper than many other countries, it is more expensive than in 59% of the countries in the world, also being 173.36% higher than in India. International students willing to study in Italy not only need to pay the tuition fees of the university, but also cover the travel and living expenses, which can lead to financial burden.
MBA in Italy: Tuition Fees
The following table indicates the tuition fee for the entire duration of the MBA program for all the top universities in Italy. The average total tuition fees for MBA in Italy ranges from 30,000 EUR- 80,000 EUR (26-62 Lakh INR).
| University | Total Tuition Fees (EUR) | Fee for Indian Students (INR) |
|---|---|---|
| SDA Bocconi School of Management Milan | 65,000 | 58.23 Lakh |
| Bologna Business School | 35,000 | 31.35 Lakh |
| MIB Trieste School of Management | 25,000 | 22.39 Lakh |
| POLIMI Graduate School of Management | 34,000 | 30.46 Lakh |
| St. John's University | 80,655 | 72.26 Lakh |
| ESCP Business School | 51,500 | 46.14 Lakh |
Cost of living in Italy
The universities in Italy provide on-campus housing and dormitory options to international students, but students can also go for an off-campus accommodation set-up. Apart from the rent, an international student can expect a monthly expenditure of 779 EUR (68,749 INR) and a family of four should have a budget of at least 2,741 EUR (2.41 lakhs INR) per month.
| Expense Type | Average Annual Expense (EUR) | Cost for Indian Students (INR) |
|---|---|---|
| Accommodation ( 45 m2 (480 sq ft) furnished studio) | 837 | 74,992 |
| Groceries | 280 | 25,087 |
| Transportation (Monthly Bus Pass) | 35 | 3,135 |
| Health Insurance (Yearly) | 150 | 13,439 |
| Personal Expenses | 60 | 5,375 |
Explore: Cost of living in Italy
MBA in Italy: Scholarships
Studying in Italy can become heavy on the student’s pocket, for that reason the universities and the government offer multiple scholarship programs to international students. Mentioned below are some of the top scholarships for studying in Italy offered to international:
| Scholarship | Awarded by (private/government/university) | Eligibility | Award Value |
|---|---|---|---|
Society Contribution Scholarship |
ESCP Business School | A Essay on a project that you have led or an activity you carried out which had a positive social impact (20 lines minimum) | 6,000 EUR |
KC Mahindra Scholarship |
KC Mahindra Trust | First Class degree or equivalent diploma from a recognized university, Must be an Indian applicant who is applying to study in a foreign university | 5 Lakh to each scholar |
Merit and Bocconi international awards |
SDA Bocconi School of Management Milan | Students applying to SDA Bocconi with good grades | 50% of tuition fee waiver or 100% tuition fee waiver |
University of Bologna study grants for international students |
Bologna Business School | Students enrolled in Master’s program at the university | Tuition fee waiver and 11,000 euros per year |
MBA in Italy: Jobs and Placement opportunities
MBA is a very lucrative field, after completing MBA in Italy one can work as a General Manager, HR manager, Business Development Manager and earn an average annual salary of 60,000 EUR (53.75 Lakh INR).
| Profession | Average Salary (EUR) | Salary for Indian Student (INR) |
|---|---|---|
| Marketing Manager | 43,676 | 39.12 Lakh |
| General Manager | 80,000 | 71.67 Lakh |
| HR Manager | 50,313 | 45.07 Lakh |
| Finance Manager | 58,739 | 52.62 Lakh |
| Business Development Manager | 49,809 | 44.62 Lakh |
| Product Manager | 40,318 | 36.12 Lakh |
Explore: Jobs in Italy
MBA in Italy: Degree Comparison
The following table differentiates between MBA in Italy vs MBA in
| Parameter | MBA in Sweden | MBA in Italy |
|---|---|---|
| Duration | 1-2 Year | 1 Year |
| Average tuition fees | 100,000 SEK- 500,000 SEK (93,000- 4.5 Lakh INR) | 30,000 EUR- 70,000 EUR (26-62 Lakh INR) |
| Cost of living (Monthly) | 10,000 SEK (9,300 INR) | 779 EUR (69,795 INR) |
| Visa | Residence Permit or Sweden Study Visa | Type D Visa |
| Average salary | 4,00,000 SEK- 10,00,000 SEK (3-9 Lakh INR) | 60,000 EUR (53.75 Lakh INR) |
| English language proficiency tests | IELTS: 6.5 or above TOEFL: 90+ | IELTS: 6.0 or above TOEFL: 80+ |
Italian business schools offer world-class MBA degrees taught in English, and courses are economical when it comes to pursuing MBA abroad. International students are increasingly enrolling in English-language MBA programs at Italy's business schools, and some of these programs have international accreditation and even rank in international rankings. MBA is a very lucrative field, after completing MBA in Italy one can work as a General Manager, HR manager, Business Development Manager and earn an average annual salary of 60,000 EUR (53.75 Lakh INR).
Explore: Visa to Study in Italy
FAQs
Ques. Is GMAT necessary for MBA in Italy?
Ans. All the top universities offering MBA in Italy require a GMAt or GRE score to apply to the course and the minimum GMAT score ranges from 600-650.
Ques. How can I get an MBA scholarship in Italy?
Ans. All international students in Italy receive the same financial assistance as Italian students based on their financial means and/or merits. There are government scholarships at the national and regional levels as well for which international students can apply for. Moreover, some Italian Universities offer Italian scholarship programs for international students joining them.
Ques. How much does it cost to pursue an MBA in Italy?
Ans. The total tuition fees for top universities in Italy offering a MBA program is 30,000 EUR- 70,000 EUR (26-62 Lakh INR) depending on the university you are applying to. And the monthly cost of living for an individual in Italy is 779 EUR (69,795 INR).
Ques. What are the admission requirements for MBA in Italy?
Ans. The minimum admission requirement for MBA in Italy is to have a Bachelor's Degree, 3 years of qualified work experience, and an IELTS score of 6.0 or above, GMAT score of 600 or above.
Ques. What are the Job prospects after MBA in Italy?
Ans. MBA is a very lucrative field, after completing MBA in Italy one can work as a General Manager, HR manager, Business Development Manager and earn an average annual salary of 60,000 EUR (53.75 Lakh INR).
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