Often, the key reason for studying your MBA online is the affordability that it provides. Continuing to work while completing your degree means you can avoid trading in your salary to study. Online MBAs are also typically cheaper than in-person programs.
So, what are the lowest tuition fees for quality Online MBA programs?
For the most part, Europe is a more affordable study destination than the US. That means you can find accredited, highly ranked programs that cost under $25k, and some are even cheaper.
Here are the 10 cheapest Online MBAs in Europe that appear in the 2024 QS Online MBA ranking.
Low-Cost Online MBAs In Europe
10. The Open University Business School
Cost: £20,160 ($27,515)
QS Rank: 60
The Open University is a UK-based institution that offers online degrees in a variety of subject areas. Its MBA is one of the cheapest Online MBAs in Europe, costing £20,160 ($27,515). It’s also the cheapest triple-accredited program on this list.
Students can truly study this at their own pace, with the program taking anywhere between two and seven years to complete. However, most students opt for a three-year duration.
Graduates of this degree were generally very pleased with what they got out of it. More than 80% of them saw an improvement in their work performance, and 74% agreed that the MBA has also benefited their employers.
9. Bologna University Business School
Cost: €20,800 ($24,473)
QS Rank: 49
Taught in Italian, the Online MBA at Bologna University Business School ranks among QS’ top 50 Online MBAs in 2025. It’s technically a hybrid program because all students must complete an in-person ‘smart week’ at the end of their degree, but as more than 90% of it is online, it is eligible for the QS Online MBA Ranking.
Taking an innovative approach to scheduling, the school organizes four-hour teaching sessions every Wednesday evening, with further sessions taking place on Friday evenings and Saturday mornings every three-to-four weeks. The program lasts between 16 and 18 months.
As an institution, the business school focuses on luxury. This is evident during the Smart Week, when students get to network with executives and industry leaders from the likes of Lamborghini, Ducati, and Max Mara.
Costing just under $25,000, the program is a really affordable option considering the excellent career outcomes of its graduates. Graduates have moved on to work with the likes of Porsche Romania, Max Mara, and GSK.
8. Business School Netherlands
Cost: €20,000 ($23,546)
QS Rank: 76-100
The Online Action Learning MBA is Business School Netherlands’ practical take on an Online MBA.
Each class, module, and project focuses on problem-led learning to test your initiative and skills. Enrolling in the program will help you learn practical knowledge you can apply at work in real-time.
The BSN degree is taught over 24 months, requiring you to tune into live interactive sessions with a class of 20 fellow students. This makes for a more traditional study experience.
The program costs less than $25,000 and helps students launch careers across a variety of industries. Previous graduates have landed roles in industries ranging from government, banking, wholesale, and food.
7. University of Aberdeen Business School
Cost: £16,755 ($22,865)
QS Rank: 54
The cheapest UK Online MBA that features in the global QS ranking, the University of Aberdeen’s Online MBA takes place over 24 months and costs less than $23,000.
The program comprises 10 compulsory modules together with one optional course in either Corporate Finance, Fintech and Big Data, Social and Sustainable Markets, Consumer Behaviour, or Digital Marketing.
It’s designed to fit around full-time work, with flexible hours and 24/7 study access. Upon successful completion of the program, you’ll earn an MBA from the EQUIS-accredited University of Aberdeen.
READ: 10 Most Affordable US Online MBA Programs
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6. EU Business School
Cost: €19,050 ($22,429)
QS Rank: 36
EU Business School has campuses in several locations, including a digital campus for students looking for online learning. Highly-regarded, the EU Business School MBA in Digital Business ranks 36th globally according to QS. It costs just over $20,000.
Hosted in a Visual Learning Environment (VLE), the program provides access to learning materials and class recordings at any time. A hybrid format also means students gather to collaborate and network once each term for on-campus weeks in multiple locations: Geneva, Munich, and Barcelona.
Students who wish to go further with in-person learning can add an in-person semester to their program.
Throughout the year, the EU OMBA offers various opportunities to connect with industry leaders via guest lectures and networking events. This helps students launch exciting careers: the program has a 96% success rate when it comes to placements, and post-graduate salaries reach as high as $150k.
5. Rome Business School
Cost: €19,000 ($22,370)
QS Rank: 63
The second Italian MBA in this list, Rome Business School’s Online International MBA, is ranked in the top 100 globally by QS.
The program can be studied in either English or Italian. It is 100% online, although students will have the option to spend a week-long bootcamp in one of 12 international destinations.
Almost 90% of graduates “increased their professional responsibilities” after completing the MBA, seeing an average postgraduate salary increase of 45%.
4. EAE Business School
Cost €13,950 ($16,414)
QS Rank: 28
EAE Business School offers a plethora of MBA, Executive MBA, and master's degrees across its Barcelona campus as well as via an online platform.
The EAE Online MBA—taught entirely in Spanish—is one of the most affordable online programs on this list, costing just over $16,000 to complete. There is also the option of a blended approach, consisting of both online and in-person study at a slightly higher price.
The program offers a curriculum centered on several key pillars, including strategy, marketing, corporate finance, human capital, and innovation. The school employs a continuous assessment system, meaning there are no final exams, and your performance is assessed as you complete each module.
Students who complete the EAE Online MBA can also earn a Master’s degree from the University of Barcelona.
READ: World's Best Online MBA Programs | Financial Times Ranking
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3. Online Business School (OBS)
Cost: €13,900 ($16,365)
QS Rank: 69
OBS offers a wide range of programs for students interested in remote learning. The Global MBA takes place over 12 months and focuses on developing students across four key areas: strategic management, economic analysis, developing business plans, and working in virtual teams.
Costing just over $15,000, the OBS Online MBA offers a personalized experience: the school provides each student with a ‘program manager’ who guides them through their degree.
Alongside the curriculum, OBS offers the chance to undertake a virtual exchange with TEC de Monterrey, a business school based in Mexico. Graduates from the program also get the chance to earn a second master’s degree from the University of Barcelona.
2. GBSB Global Business School
Cost: €9,900 ($11,655)
QS Rank: 71
GBSB offers a program that was ranked 71st in the world by QS in 2024. It incorporates an accelerated study format that takes place entirely online over a 10-month period.
Study materials are available on demand, and the school incorporates a varied mix of theoretical, practical, and game-based learning to help students develop their expertise. Enrolling in the program gives you the option to tailor your degree with a specialization track focused on a key business area—supply chain management, finance, or marketing, for example—or to complete a general MBA degree.
The flexible program typically attracts students with around nine years of work experience, while the average age of the cohort is 32. On average, 90% of students land jobs within a year of graduation, and a further 60% report having increased their responsibilities at work.
1. International Business Academy of Switzerland (IBAS)
Cost: CHF 8,000 ($10,072)
QS Rank: 56
Dubbed “The Flexi-MBA”, this Swiss-based program is also the cheapest Online MBA in Europe. Tuition fees are just over $10,000, which is a fraction of the cost of many programs in the QS Online MBA Rankings.
The program has a unique format. You need to complete five core modules and eight modules in total to earn your MBA, with each module taking around a month to complete. The study format is a mix of synchronous live classes and pre-recorded lectures.
(Dollar exchange rates calculated in mid-July 2025)
