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15 Top MBA Scholarships For European Business School Students

These European business schools offer MBA scholarships based on your GMAT score. Find out how much you can save on your tuition

Wed Oct 16 2024

BusinessBecause
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 2024, the average total cost of a top-ranked full-time MBA in Europe is around $140,130, 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:


Download our MBA Scholarships Guide 2024

For expert tips on how to improve your MBA scholarship chances, download our BusinessBecause MBA Scholarships Guide | How To Maximize Your Chances Of Success

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1. Alba Graduate Business School, The American College of Greece

Candidates with GMAT score equal or over 700 (which equates to 645 and above under the updated GMAT scoring system) will be granted a partial scholarship of 40% of the total MBA tuition fees. Candidates with a high GMAT below 645 are also eligible for smaller scholarships.


2. Alliance Manchester Business...

over 600 (equivalent to 555 and above) 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 650 and provides up to €12,000 for the highest scores. This translates to 605 and above in the current GMAT exam. The GMAT scholarship is available for all Amsterdam MBA candidates.


4. City University, Bayes Business School

The Academic Distinction Scholarship awards reduced tuition fees and is open to candidates who have achieved a high, well-balanced GMAT score 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 40%.


Read: GMAT Score Range For Top Business Schools Like Stanford & Harvard

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Stanford Graduate School of Business © iStock / Michael Vi


6. ESMT Berlin

Applicants who submit successful GMAT or GRE scores will be considered for scholarships to acknowledge their success. Applicants with a GMAT or GRE at the 85th percentile or higher—equivalent to 645 or higher in the latest edition of the GMAT—can get €3,000 in scholarship funds.


7. Frankfurt School of Finance & Management

MBA scholarships at Frankfurt cover up to 30% of tuition for the respective program. Selection criteria include 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 Business School

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 School of Management

IESEG’s GMAT scholarships available offer a €1,000 tuition reduction for admitted applicants with a GMAT score between 650 and 680 (605-635 under the new scoring), and €1,500 tuition reduction for admitted applicants with a GMAT score of 690 or higher (equivalent to 645).


10. Imperial College Business School

A range of scholarships are available at Imperial, including the Engineering Sainsbury Management Fellows Scholarship, which provides £50,000 to engineering or technology graduates with a GMAT score of 650 or higher. In the current GMAT, this translates to 605 and above. Self-funded candidates with strong GMAT/GRE scores and demonstrated financial need can apply for the Advisory Board Scholarship, which covers full tuition.


11. Cambridge Judge Business School

The Cambridge Judge Dean’s Scholarship for Outstanding Academic Achievement offers a tuition reduction of £15,000 for candidates with exceptional academic records. Applicants are evaluated based on GMAT/GRE scores and undergraduate performance.


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 or Modular Executive MBA—one of the most generous MBA scholarships in Europe. 

A GMAT score of 750 or above (equivalent to 705 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. ESSEC Business School

MBA candidates with outstanding academic achievements and strong career progression can land a High Potential scholarship at ESSEC. The scholarship amount awarded differs according to academic performance and test scores in the GMAT, GRE or EA.


14. Vlerick Business School

Vlerick’s academic scholarship is for candidates with a strong academic record and a GMAT score of over 680 (equivalent to 625 and above). Indian residents with a GMAT score above 650 (605 or above in the current GMAT) can apply for the EU Indian scholarship.


15. SDA Bocconi School of Management

SDA Bocconi offers grants covering up to 60% of tuition for candidates with a GMAT score of 670 or higher (615 or higher in the latest scoring system). Full tuition waivers are available for those with a GMAT score of at least 700 (655 and above). Awards are based on academic excellence and early application is encouraged.


This article was updated in October 2024.


For insider tips on maximizing your MBA scholarship chances, download our BusinessBecause MBA Scholarships Guide 2024 | How To Maximize Your Chances Of Success

Student Reviews

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.

Student

Verified

20/10/2024

On Campus

Well established teachings

Studying at Amsterdam Business School has been one amazing experience. The international atmosphere is one of the best parts—you're constantly surrounded by students from all over the world, which makes class discussions diverse and dynamic. The courses are challenging but really relevant, with a focus on real-world business problems, case studies, and hands-on projects. The professors are top-notch and many have industry experience, which adds a practical edge to the academic material.

Student

Verified

7/11/2024

On Campus

Exceeded my expectations

Amsterdam Business School has exceeded my expectations. The faculty comprises exceptional professors who deliver high-quality education. The student body's diligence and enthusiasm maintain a motivating environment. The campus's beauty and the location's uniqueness make for an unforgettable experience.

Student

Verified

7/11/2024

On Campus

Transformative experience

Attending Amsterdam Business School has been a transformative experience, largely due to the exceptional diversity of individuals I've encountered. The university's unique location, coupled with its vibrant community, has made my time here truly unforgettable. I've discovered a sense of belonging among my peers, fostering a strong sense of family and camaraderie.

Student

Verified

15/11/2024

On Campus

My time here so far

My time at Amsterdam Business School has been truly enriching, thanks to the exceptional professors and stunning campus. What stands out most to me, however, is the perfect blend of accessibility and beauty that this school embodies. From the picturesque landscapes to the state-of-the-art facilities, every aspect of the campus is both functional and visually striking.

Student

Verified

18/11/2024

On Campus

An amazing school

This school's amazing campus and teachers make learning awesome. They bring real-world experience to class, teaching through interactive problem-solving that helps to provide better understanding of the course work, thereby setting us up for success.

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