MBA in Italy: Deadlines, Colleges, Fees 2023, Jobs and Salaries

MBA in Italy: Fees 2023, Top Colleges, Placement and salaries

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?

  1. 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.
  2. 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.
  3. 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.
  4. 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).

MBA in Italy: Tuition Fees

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

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).

MBA in Italy: Jobs and Placement opportunities

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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