Introduction to Business Program in Europe
In Europe, the Business Program scene is thriving, boasting a rich history of trade and innovation. Furthermore, some of the world's top business schools are located here, offering a diverse range of bachelor's and master's degrees in business studies.
Notably, many of these European universities provide these programs in English, thereby making them easily accessible to international students. Moreover, Europe attracts over 3 million students every year, including 100,000 from various parts of the world who come to enroll in its esteemed business programs.
European business schools comprehensively cover all the essential areas you'd expect - accounting, finance, marketing, operations, and HR. European business schools actively prepare students with crucial skills such as data analysis, decision-making, communication, teamwork, problem-solving, and critical thinking. These skills are highly sought-after in today's global job market.
As a result, graduates of European business schools can actively look forward to outstanding career prospects and competitive starting salaries, which typically average over €40,000 per year. So, if you're actively thinking about pursuing a business program in Europe, certainly it is an excellent choice to consider.
Benefits of Pursuing a Business Program in Europe
Studying abroad in Europe is one of the best choices you can make. It is a hub of academic excellence and rigorous curriculum, but it also offers many other benefits, such as:
- High-quality education: European business schools consistently rank among the best in the world.
- Global Ranking: According to the 2023 QS World University Rankings by Subject, the top 5 business schools in the world are all located in Europe.
- International exposure: Studying in Europe gives you the opportunity to learn from and network with students from all over the world. Certainly, this international exposure can help you develop a global perspective on business and prepare you for a career in the global economy.
- Affordable tuition fees: Tuition fees for business programs in Europe are generally lower than those in the United States and other major English-speaking countries.
- Abundant job opportunities within Europe: Europe hosts top global firms, with high demand for skilled business graduates. In 2022, 91% of European consulting firms aimed to recruit new MBAs within a year (AMCF survey).
- Multilingualism: Many European countries are multilingual, which indeed can give you a competitive advantage in the global job market.
- Work-life balance: Europe offers a strong work-life balance, which is crucial for students seeking a successful career alongside a fulfilling personal life. Hence, it is a significant factor in their decisions.
Overall, there are many benefits to pursuing a business program in Europe. Studying in Europe can also be a great way to learn about different cultures and perspectives and to develop a global perspective on business.
Comparison between business programs in India and Europe
European universities excel in academics, offering diverse courses and a global outlook, while their Indian counterparts concentrate on the local context, providing unique educational experiences. See the table given below for distinctive comparisons.
| Country | India | Europe |
|---|---|---|
| Cost of the program | 8-12 Lacs | 10-15 Lacs |
| Living Cost | 12-15K/ Monthly | 15-20K/Monthly |
| Duration | 2 years | 1 year |
| Academic Eligibility | Bachelor's degree | Bachelor's degree |
| English Proficiency Exam (IELTS/TOEFL) | Yes | Not Mandatory |
| Course Medium | English | English |
| Employability | Less | More |
| Industry Exposure | Less | More |
| Starting Salary | ?10-20 Lacs | ?60- ?87.5 Lacs |
| Global Exposure | - | - |
Cost of Business Program in Europe
The cost of a Business Program in Europe by all means varies depending on the university and the program. However, European universities are generally more expensive than Indian universities.
Students must prepare to pay tuition fees, living expenses, and travel costs. However, many European universities offer scholarship programs and financial aid to international students.
You can find the table for some popular countries and the cost of business programs in Europe here:
| Country | Bachelor's (INR Lacs) | Master's (INR Lacs) |
|---|---|---|
| Croatia | 6-8 Lacs | NA |
| Lithuania | 9-16 Lacs | 5-10 Lacs |
| Latvia | 8-10 Lacs | 4-8 Lacs |
| Hungary | NA | 8-10 Lacs |
| France | NA | 12-25 Lacs |
Popular Business Universities in Europe
European business universities are popular for their academic excellence, world-class faculty, and cutting-edge research. Explore the list of popular business universities.
Montpellier Business School, France
Montpellier Business School, France, is one of the most prestigious business schools in Europe. Founded in 1897, it boasts a rich history and a global student body representing 70+ nationalities. Undoubtedly, it is a renowned institution offering diverse business programs.
It offers a wide range of business programs to students seeking education in Europe. The school has a strong international focus and offers programs in English, attracting students from around the world. Nevertheless, Montpellier Business School ranks among the top business schools in France and Europe.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor's Degree | 3 Years | 9.70 Lacs/ Year |
| Master Degree | 1 Year | 13.50 Lacs/ Year |
University of Pannonia, Hungary
The University of Pannonia, Hungary, founded in 1949, has a strong research focus and collaborates with various industries.
The University of Pannonia conducts research and partners with various international institutions. The university has a modern campus coupled with next-generation facilities for business students.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor's Degree | 3.5 Year | 2.3 Lacs/ Year |
Budapest Metropolitan University, Hungary
Budapest Metropolitan University in Hungary focuses on creative fields and offers up-to-date business programs. Established in 2001, it prioritizes hands-on learning with internships. The university provides a lively, multicultural setting and teaches in English.
Budapest Metropolitan University further collaborates closely with industry partners, offering students chances for internships and practical training. It is also recognized for its contemporary teaching techniques and helpful faculty.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor Degree | 3.5 Years | 4.5 Lacs/ Year |
| Master Degree | 2 Years | 5 Lacs/ Year |
University of Pécs, Hungary
The University of Pécs (UP) in Hungary is a great option for international students looking to study business in Europe. It is one of the oldest and most prestigious universities in Hungary, with a long history of academic excellence. The business programs are accredited by the Association of Collegiate Business Schools and Programs (ACBSP).
Business programs at University of Pécs for international students, for instance, include Bachelor of Business Administration & Management (BBA). Likewise, it offers a variety of business programs at the undergraduate and graduate levels, all of which are taught in English.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor Degree | 3.5 Years | 6 Lacs/ Year |
Atlantic Technological University, Ireland
Atlantic Technological University, Ireland, offers a diverse range of business programs to students. Formed in 2021 through a merger, it's Ireland's newest technological university.
Atlantic Technological University focuses on innovation and entrepreneurship in business education. It provides students with opportunities to develop practical skills through internships and industry projects. Atlantic Technological University has a vibrant campus life and a supportive learning environment.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor's Degree | 2 – 4 Years | 8 Lacs/ Year |
| Master Degree | 1 – 3 Years | 8 – 9 Lacs/ Year |
Riga Stradins University, Latvia
Riga Stradins University, Latvia, offers a comprehensive business program to students seeking education in Europe. Founded in 1950, it's a leading medical university in Latvia with a strong research emphasis.
Riga Stradins University offers globally-oriented business and management programs. The university has a strong international focus and provides programs in English. It has partnerships with various international institutions, providing students with opportunities for global exposure.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Master's Degree | 2 to 2.5 Years | 2.5 to 4 Lacs/ Year |
RISEBA University, Latvia
RISEBA University, Latvia, offers a wide range of business programs to students. Established in 1992, it holds a strong reputation in the Baltic region. The university has a strong industry connection and provides students with practical learning opportunities.
RISEBA University fosters creativity and innovation in business and entrepreneurship education. It has a multicultural environment and attracts students from around the world.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor Degree | 3.5 to 4.5 Years | 3 to 5 Lacs/ Years |
| Master Degree | 1.5 to 2 Years | 3 to 5 Lacs/ Years |
Kaunas University of Applied Sciences, Lithuania
Kaunas University of Applied Sciences, Lithuania, offers a practical and industry-oriented business program to students. Founded in 1991, it's one of the largest applied sciences universities in Lithuania.
The university's business studies programs emphasize entrepreneurship and innovation, preparing students to launch and lead successful businesses in the globalized economy. It provides students with opportunities to develop practical skills through internships and real-world projects.
The Kaunas University of Applied Sciences has modern facilities and supportive faculty.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor's Degree | 3 Years | 1.5 Lacs/ Years |
Vilnius University, Lithuania
Vilnius University, Lithuania, is one of the oldest and most prestigious universities in Europe. Established in 1579, it's one of the oldest universities in the Baltic States with a rich history. It is known for its high academic standards and global recognition.
Vilnius University offers diverse business programs with a blend of tradition and modernity. The university has a strong focus on research and provides students with opportunities to collaborate with renowned scholars.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor Degree | 3 Years | 2 Lacs/ Year |
Vytautas Magnus University, Lithuania
Vytautas Magnus University, Lithuania, offers a wide range of business programs to students seeking education in Europe. Founded in 1922, it's named after a prominent Lithuanian historical figure. The university has a strong international focus and provides programs in English.
Vytautas Magnus University is known for its modern facilities and innovative teaching methods. Vytautas Magnus University has partnerships with various international institutions, providing students with opportunities for global exposure.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor's Degree | 4 Years | 2.30 Lacs/ Year |
| Master's Degree | 1.5 Years | 3.50 Lacs/ Year |
Kazimieras Simonavicius University, Lithuania
Kazimieras Simonavicius University, Lithuania, offers a specialized business program to students. Established in 2003, it's known for its international environment and English-taught programs. The university has a strong focus on practical education and industry collaboration.
Kazimieras Simonavicius University specializes in business, management, and entrepreneurship education. Likewise, the University provides students with opportunities to develop entrepreneurial skills through real-world projects. Kazimieras Simonavicius University is known for its supportive faculty and modern campus.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor's Degree | 3.5 Year | 2 to 5 Lacs/ Year |
| Master's Degree | 1.5 Years | 4 Lacs/ Year |
Vilnius University of Applied Sciences, Lithuania
Vilnius University of Applied Sciences focuses on practical business education. Founded in 2000, it's a relatively young institution with a dynamic approach. The university has a strong focus on entrepreneurship and innovation.
It provides students with opportunities to develop practical skills through internships and real-world projects. Vilnius University of Applied Sciences is known for its modern facilities and supportive faculty.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor Degree | 3.5 Years | 3 Lacs/ Year |
| Master Degree | 2 Years | 3.90 Lacs/ Year |
ISM University of Management and Economics, Lithuania
ISM University of Management and Economics is renowned for its business and management programs. Established in 1999, it's one of Lithuania's top business schools with a strong research orientation. It has a strong focus on practical education and industry collaboration.
The university provides students with opportunities to develop leadership and managerial skills through real-world projects. The ISM University of Management and Economics is known for its supportive faculty and modern campus.
| Program Type | Program Duration | Program Cost (INR) |
|---|---|---|
| Bachelor Degree | 3 Years | 4.5 Lacs/ Years |
Popular Business Programs in Europe
Europe offers a wide range of business programs catering to various specializations and career goals. Some of the popular business programs in Europe include:
| University | Country | Popular Course |
|---|---|---|
| Riga Stradins University | Latvia | International Business and Start-Up Entrepreneurship |
| RIGA Technical University | Latvia | Civil Construction and Real Estate Management, Digital Humanities, and Business Informatics |
| RISEBA University | Latvia | Business Management, Business Psychology, Strategic Business Management, International Finance, International Business, and European Business Studies |
| Budapest Metropolitan University | Hungary | Business Administration & Management, Economist Business Administration, Business Management |
| University of Pannonia | Hungary | Business Administration and Management |
| University of Pécs | Hungary | Business Administration and Management |
| Vytautas Magnus University | Lithuania | Business Administration, International Business, and Technology Law |
| Kazimieras Simonavicius University | Lithuania | Business Management, Organizational Innovation & Management, Aviation Management (Online), Aviation Management |
| Vilnius University of Applied Sciences | Lithuania | International Business, International Business Management |
| LCC International University | Lithuania | International Management |
| ISM University of Management and Economics | Lithuania | International Business and Communication |
| Atlantic Technological University | Ireland | Business: Common Entry, Sports Business (Honours), Applied Sport with Business, Business, Business & ICT (Honours), Business Administration, Sales & Marketing (Honours), Business Information Systems (Honours), Business & Finance, Environmental Management, Construction Management (Honours) |
| Montpellier Business School | France | International Business Administration |
Scholarship programs offered in Europe
European universities offer a variety of scholarship and financial aid programs to international business students, making a world-class education accessible to students from all walks of life. These programs can help cover tuition fees, living expenses, and travel costs. Students should research the different scholarship programs available and apply early to increase their chances of receiving funding.
Here are some scholarship programs offered in Europe:
| Scholarship Name | Amount of Funding | Application Process | Deadlines | Eligibility Criteria |
|---|---|---|---|---|
| Erasmus Mundus Joint Master Degrees | Full tuition and living expenses | Online application | Varies by program | Indian students with a bachelor's degree in a relevant field |
| Latvian State Scholarship | Full tuition and living expenses | Online application | March 1st | Indian students with a bachelor's degree in a relevant field |
| Stipendium Hungaricum Scholarship | Full tuition and living expenses | Online application | February 15th | Indian students with a bachelor's degree in a relevant field |
| Lithuanian State Scholarship | Full tuition and living expenses | Online application | March 1st | Indian students with a bachelor's degree in a relevant field |
| Government of Ireland International Education Scholarship | Full tuition and living expenses | Online application | February 1st | Indian students with a bachelor's degree in a relevant field |
| Eiffel Scholarship | Full tuition and living expenses | Online application | January 15th | Indian students with a bachelor's degree in a relevant field |
Admission requirements for the Business Program in Europe
The admission requirements and application process for the business program in Europe vary depending on the specific university or business school. Most European business studies programs have general requirements, such as a high school diploma, English language proficiency, and standardized test scores.
Some general requirements that are common to most programs include:
- A high school diploma or equivalent
- A transcript of grades from all previous colleges or universities attended
- Standardized test scores, such as the GMAT or GRE (some programs may waive this requirement for international students),
- Letters of recommendation
- A personal statement
Top business industries to work with as an international graduate
There are many top business industries to work with as an international graduate, including finance, consulting, marketing, and technology. Graduates from top business schools in Europe are highly sought after by employers and have the skills and knowledge needed to succeed in a global marketplace.
| Industry | Companies | Job Roles |
|---|---|---|
| Technology | Google, Microsoft, Amazon, Meta, and IBM | Software engineer, data scientist, product manager, project manager, marketing manager, sales manager |
| Finance | Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, and HSBC | Investment banker, financial analyst, trader, risk manager, compliance officer, accountant |
| Consulting | McKinsey & Company, Boston Consulting Group, Bain & Company, Deloitte, and KPMG | Management consultant, business analyst, data analyst, strategy consultant, operations consultant |
| Consumer goods | Unilever, Nestlé, Procter & Gamble, PepsiCo, and Coca-Cola | Brand manager, marketing manager, sales manager, product manager, supply chain manager, and operations manager |
| Healthcare | Johnson & Johnson, Pfizer, Novartis, Roche, and AbbVie | Medical sales representative, clinical research associate, healthcare consultant, health economist, product manager, marketing manager |
Career Opportunities after a Business Study in Europe
There are many career opportunities after a business study in Europe, including working for multinational corporations, starting their own businesses, or pursuing further education. Graduates from top business schools in Europe are highly sought after by employers and have the skills and knowledge needed to succeed in a global marketplace.
Conclusion
Studying business in Europe is a great chance for Indian students. It offers top universities, diverse cultures, and strong business connections. These programs in English, with financial support, are appealing. Graduates get high-paying jobs and global exposure. In short, it's a life-changing opportunity for Indian students to have a successful international career.
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