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One year MBA in Europe: A Comprehensive Guide

Updated: Oct 2, 2023


In an era where time is of the essence, these condensed yet impactful educational journeys have garnered immense popularity. This guide serves as your compass through the diverse landscape of European business schools, helping you navigate the intricacies of one year MBA programs. From renowned institutions to specialised courses, we'll uncover these programs' opportunities and advantages. Whether you're a seasoned professional aiming to sharpen your skills or an aspiring leader looking to expedite your career, this guide is your key to unlocking the potential of one-year MBA programs in Europe.


One Year MBA in Europe


1. INSEAD MBA

Insead Business School offers a prestigious one-year MBA program known for its multicultural immersion and rigorous curriculum.


Curriculum:

The INSEAD MBA program spans ten months, divided into five periods, each lasting eight weeks. It includes 14 core courses, over 75 elective options, and a capstone project. The program's accelerated nature ensures that students receive a comprehensive business education in a relatively short time frame.


Admission Criteria:

Key admission criteria include the ability to contribute to the Insead community, academic capacity (measured through GMAT/GRE scores and university degrees), international motivation, adaptability to multicultural settings, and leadership potential based on work experience and achievements.


Eligibility:

Applicants should hold a university degree and, if English is not their native language, provide proof of English proficiency through tests like TOEFL, IELTS, or PTE Academic. Insead also encourages applicants to possess practical knowledge of a second language for native English speakers or proof of English proficiency for non-native speakers. A basic knowledge of a third language is required for graduation.


Class Profile:

Insead prides itself on its diverse student body, with around 500 students per intake representing over 90 nationalities. The multicultural environment and international faculty create a rich personal and professional development atmosphere.


The emphasis on multiculturalism, leadership development, and practical experience sets it apart.


Fee Structure:

Tuition fees vary based on the intake month.

August 2023 intake - €97,000

January 2024 intake - €98,500

Fees covers cost of course materials, library access, IT services, language tuition etc.


Scholarships:

Insead provides a one year MBA in Europe with various scholarship opportunities to support talented individuals in financing their MBA. Scholarships are awarded based on merit and financial need, and applicants are automatically considered during admissions. Scholarships aim to make the Insead MBA accessible to many students, contributing to the program's diverse and inclusive community.


2. Oxford MBA

About One Year MBA:

The One year MBA in Europe at the University of Oxford offers a transformative one-year experience for aspiring business leaders.


Curriculum:

The program focuses on two key aspects: academic curriculum and real-world skills. It instils fundamental skills through core courses and allows students to shape their career goals through industry-specific electives. Beyond academics, students gain invaluable real-world skills such as teamwork, leadership, entrepreneurship, negotiation, and conflict management.


Admission Criteria:

To secure a spot in the Oxford MBA program, applicants should have at least two years of full-time work experience showcasing career progression and international exposure. A university degree is a prerequisite, with academic transcripts required as evidence. Applicants must submit either a GMAT or GRE score; competitive scores are preferred.


Additionally, they should provide written work that demonstrates good communication skills, leadership potential, and analytical abilities. An online assessment, including questions and written responses, offers insights into applicants' personalities and problem-solving skills. Two professional or academic references are also required.


Eligibility:

The program is open to individuals with at least two years of full-time work experience, regardless of their previous sector or industry. Applicants must possess a recognised undergraduate degree and demonstrate academic and professional ability.


Class Profile:

The Oxford MBA class is renowned for its diversity, representing 64 nationalities in the 2022-23 class. International students make up 93% of the class, and 48% of the students are female.


The average work experience - five years

Median GMAT score - 690


Key Takeaway:

The Oxford MBA program provides a world-class academic curriculum and fosters real-world skills and a global perspective.


Fee Structure:

The cost of the Oxford MBA program for the September 2023 and January 2024 intakes is £106,540. This fee covers tuition, essential reading materials, meals, university and college services, and membership of The Oxford Union.


Scholarships:

Various scholarships are available to support students on their MBA journey. These include the Adara Foundation Scholarships, Eni-Oxford Africa Scholarships, Forté Fellowships for Women, and many more. These scholarships provide financial assistance to eligible candidates; early application is recommended to secure them.


The Oxford MBA program at the University of Oxford is a prestigious and comprehensive one-year program that prepares future leaders for success in the global business landscape. Its rigorous curriculum, diverse student body, and financial support options make it an excellent choice for those looking to elevate their careers.


3. IE Business School:

About One year MBA:

The International MBA program at IE Business School is designed for professionals seeking to challenge themselves and shape their career paths. It goes beyond a traditional MBA, emphasising personal and professional transformation, aligning career goals with purpose, and future-proofing your skills.


Curriculum:

The curriculum focuses on a holistic business education, encompassing core business principles, entrepreneurship, innovation, and leadership development. It includes real-world projects, international exposure, and opportunities to explore diverse industries.


Admission Criteria:

The admission process involves several steps:

  • Online Application Form: Candidates complete the online application form and submit essential documents.

  • Online Assessment: Applicants answer live video and written questions to evaluate their real-time responses.

  • Entrance Exam: Candidates take the IE Global Admission Test or submit GMAT/GRE scores.

  • Personal Interview: An interview with an Admissions Team manager.

  • Admissions Committee Decision: The committee evaluates the application, with results typically provided in 1-3 weeks.

Eligibility:

Candidates should have a bachelor's degree and demonstrate at least two years of full-time work experience. While there's no specific industry requirement, leadership potential and international exposure are valued.


Class Profile:

The International MBA program attracts a diverse group of students, with 92% international representation, 44 nationalities, and an average age of 30.


Key Takeaway:

IE's International MBA is ideal for open-minded adventurers, disruptors, changemakers, forward-thinkers, future leaders, and connection builders. It offers a unique blend of personal and professional growth, preparing graduates to excel in various industries.


Fee Structure:

For the September 2023 intake, the tuition fee is €82,300. This fee is subject to annual review. Additionally, there's a one-time contribution of €1,200 to the IE Foundation upon enrollment.


Scholarships:

IE Business School offers various scholarships based on financial need and merit. These scholarships aim to support talented candidates who may face constraints in accessing alternative financing options.


Location: IE Business School is in Madrid, Spain, providing a vibrant and diverse environment for students to engage with the global business community.


4. Imperial College Business School:

About One year MBA:

Imperial College Business School's one-year MBA program is in London, a global hub for technology and innovation.


Curriculum:

The curriculum combines business fundamentals with the latest technological insights, offering a competitive edge in the ever-evolving market. It includes rigorous coursework, real-world projects, and opportunities to explore innovation.


Admission Criteria:

To be eligible for admission, candidates typically need:

  • A minimum of three years of relevant full-time work experience

  • A UK Second Class Honours or international equivalent

  • GMAT/GRE scores (waivers available for exceptional cases)

  • English language proficiency (minimum IELTS score of 7.0)


Eligibility:

Candidates should have significant work experience, strong academic qualifications, and a demonstrated ability to contribute effectively to the classroom.


Class Profile:

Imperial's MBA program features a diverse class with 73 students, an average age of 28, and representation from 29 nationalities, with 42% female students.


Key Takeaway:

Imperial College Business School's one-year MBA program is ideal for those seeking to combine business knowledge with technological insights and innovation. It positions graduates to excel in leadership roles across industries.


Fee Structure:

The tuition fee for the Full-Time MBA in 2023 is £61,500, with a deposit of £6,150 required to secure a place.


Scholarships:

Imperial College Business School offers a limited number of scholarships to exceptional candidates. These scholarships may be merit-based and aim to support students with outstanding academic or professional backgrounds.


5. Cambridge MBA

About One year MBA:

The Cambridge MBA is a transformative one-year program starting in September 2024, offered full-time at the prestigious University of Cambridge in the UK. This program empowers future leaders with the skills, networks, and confidence needed to excel in a dynamic business landscape. It focuses on career acceleration, career change, or entrepreneurial endeavours.


Curriculum:

The curriculum is intensive and delivered over four terms. It includes core courses, electives, concentrations, and practical experience through real client projects. The program also features an international study trip and an internship option, providing a well-rounded business education tailored to individual goals and interests.


Admission Criteria:

To be eligible for the Cambridge MBA, candidates should have a minimum of 2 years of work experience with evidence of career progression, a bachelor's degree with excellent academic performance, a valid GMAT/GRE score (typically around 690), strong English language skills, a learning mindset, and interpersonal and collaborative skills. While intellectual ability and mindset are crucial, exceptions may be made for candidates who meet some but not all of these criteria.


Class Profile:

The class comprises 227 students with an average age of 29. Approximately 42% of the students are women, and the average GMAT score is 690. The class represents 45 nationalities, bringing diverse perspectives and experiences to the program. On average, students have six years of work experience.


Key Takeaway:

The Cambridge MBA offers a transformative experience with a strong focus on practical learning, diversity, and individualised career development.


Fee Structure:

The MBA Class of 2024/25 tuition fee is £69,000, with an additional application fee of £165. Living expenses for the program are approximately £18,625, with additional costs for setup, travel, and utilities.


Scholarships:

Cambridge Judge Business School provides various scholarships, merit bursaries, and external funding opportunities to support students in financing their MBA. Scholarships are available based on academic performance and overall application strength. Loans are also available to candidates with conditional offers.


6. IMD Master of Business Administration

About One year MBA:

The IMD Master of Business Administration is a one-year, full-time program in Lausanne, Switzerland. The program emphasises reflective, responsible leadership and personal development, preparing graduates for long-term success.


Curriculum:

The program focuses on reflective, responsible leadership, personal development, and real-world application. It provides insights into sustainable growth and includes hands-on international experiences. IMD MBA graduates are equipped to make a meaningful impact in a rapidly changing world.


Admission Criteria:

Candidates must hold a bachelor's degree or its equivalent, have a minimum of two years of full-time post-graduate work experience (typically three to eight years in the class), provide a GMAT score (average around 680), demonstrate English proficiency, and possess qualities such as leadership capacity, international outlook, and interpersonal skills. IMD also considers GMAT waivers for certain qualifications.


Class Profile:

The class comprises 87 students, with 82% of them between 25 to 32 years old. The class is 36% women, and students have an average of 6 years of work experience. The class represents various regions, including Western Europe, North America, Latin America, Africa & the Middle East, South Asia, Southeast Asia, Eastern Europe, and East & Central Asia.


Key Takeaway:

The IMD MBA program offers a dynamic environment that prepares students for a lifetime of success through practical learning and personal development.


Fee Structure:

The tuition fee for the IMD MBA program is CHF 80,000, with additional mandatory fees of CHF 17,500. These fees cover program-related expenses, access to campus facilities, leadership coaching, learning materials, and more.


Scholarships:

Through merit- and need-based MBA scholarships, IMD is dedicated to promoting diversity. In order to help outstanding achievers with talent, ambition, and enthusiasm, scholarships are given to applicants who have submitted applications and received offers to enrol in the IMD MBA programme. IMD also offers scholarship opportunities through challenges and a simplified application process.


7. SDA Bocconi School of Management

About One Year MBA:

The Full-Time MBA program at SDA Bocconi School of Management in Milan, Italy, is designed to bring about transformation and impact. With a duration of 12-15 months, the program is conducted entirely in English and emphasises collaborative learning and diversity.


Curriculum:

The program offers an intensive curriculum that combines academic rigour with practical experience. It includes core courses, electives, and hands-on projects. Students can expect to immerse themselves in subjects tailored to their interests and career goals. An emphasis on teamwork and leadership development is woven throughout the curriculum, ensuring graduates are well-prepared for real-world challenges.


Admission Criteria:

SDA Bocconi seeks candidates with a bachelor's degree and a strong academic record. Additionally, applicants should possess at least 2 years of work experience, although exceptions may be made for those with outstanding academic backgrounds.


Proficiency in English is crucial as the program is conducted in English. Applicants are required to submit GMAT or GRE scores, although there is no specified minimum score. The admission process also includes interviews to assess motivation, skills, and goals.


Eligibility:

Eligible candidates must hold a bachelor's degree and meet the work experience requirements. They should have a strong command of English, demonstrated either through language proficiency tests or relevant academic or professional experience. A GMAT or GRE score is typically required.


Class Profile:

The MBA class at SDA Bocconi is diverse, with students from various countries and backgrounds. The average age is 29, and the class includes professionals with an average of 5.5 years of work experience. Women comprise 29% of the class, reflecting the program's commitment to gender diversity.


Key Takeaway:

The SDA Bocconi Full-Time MBA offers a transformative experience, emphasising collaboration, leadership, and practical skills. Graduates are well-equipped to make a positive impact in their organisations and communities.


Fee Structure:

The total tuition fee for the program is €75,000, payable in four instalments. This includes teaching materials and access to school databases. Participants are required to provide their laptops. In addition to tuition, students should budget for admission process fees and personal expenses, including housing, meals, transport, and miscellaneous costs.


Scholarships:

SDA Bocconi offers scholarships and tuition waivers to outstanding candidates. These scholarships are made possible through the support of companies, organisations, alumni, and current students. Applicants are encouraged to apply for scholarships during the application process.


Scholarship recipients are expected to contribute to the school's initiatives and community. Scholarships are awarded based on academic and professional records, specific criteria outlined in scholarship notices, and results of the MBA selection process.


8. Rotterdam School of Management | Erasmus University

About One year MBA:

The International Full-time MBA at Rotterdam School of Management (RSM), Erasmus University, is designed to nurture future business leaders. It's a transformative 12-month program that equips students with the skills and knowledge necessary to excel in diverse management roles worldwide. RSM offers a truly international learning environment, accredited by the Triple Crown, and provides students with a 12-month search visa to explore opportunities in the Netherlands.


Curriculum:

The MBA curriculum at RSM is an intensive 12-month learning journey that delves into critical business issues. It's a dynamic program where students engage in lively debates, discussions, and exchanges, preparing them for leadership roles in various sectors and locations worldwide. Students who focus on international exposure graduate well-prepared for their future careers.


Admission Criteria:

To be eligible for the International Full-time MBA program at RSM, applicants must meet specific admission criteria, which include:

  • An undergraduate degree.

  • A GMAT, GRE, or BAT report.

  • A minimum of three years of postgraduate professional experience.

  • The ability to contribute effectively in a multicultural setting.

  • Proficiency in the English language.


Eligibility:

Candidates aspiring to join RSM's MBA program should have an undergraduate degree and a strong academic background. Additionally, they must possess at least three years of relevant professional experience and the ability to collaborate effectively in a diverse, multicultural environment. English language proficiency is essential, and candidates may be required to provide proof of their proficiency if requested by the Admissions Committee.


Class Profile:

RSM takes pride in its diverse and dynamic MBA cohort. The class of 2022, for instance, comprised 99% international students representing 46 nationalities. This diversity fosters a rich learning environment where students benefit from various perspectives and experiences.


Furthermore, 72% of students secured job offers by graduation, and 93% found employment within three months after completing the program, highlighting the strong career prospects for RSM MBA graduates.


Key Takeaway:

The key takeaway from RSM's International Full-time MBA is a comprehensive education that prepares students to excel in a global business landscape. Graduates are equipped with critical thinking, problem-solving, leadership, and communication skills, leading them to success in management roles worldwide.


Fee Structure:

Pursuing an MBA at RSM involves a financial commitment. The tuition fee for the International Full-time MBA program starting in January 2024 is €64,000. This fee covers the cost of books and study materials but excludes expenses related to travel for study trips. The tuition fee can be paid in instalments, with specific deadlines for each payment.


Scholarships:

RSM offers various scholarships to MBA applicants based on the merits of their application. These scholarships can cover up to 50% of the MBA tuition fee. Some of the scholarships available include:

  • Force for Positive Change Scholarship: Awarded to individuals committed to positive change.

  • Women in Business Scholarship: Recognizes candidates with a strong career track record, exceptional leadership skills, and high academic achievement.

  • Diversity Scholarship: Celebrates the diversity of RSM's student body, considering various factors such as nationality, cultural background, and gender.

  • Dean's Assistance Award: Designed for high-potential candidates needing financial aid to pursue their MBA at RSM.

  • Dean's Merit Award: Presented to high-achieving individuals who exhibit academic and professional excellence.

  • Alumni Lifelong Learning Discount: Available to RSM and EUR alumni, offering a 10% discount on MBA and executive education programs.

These scholarships are awarded based on various criteria, including the applicant's essay, profile, GMAT score, admissions interview, and evaluation. While candidates may be considered for multiple scholarships, only one is typically awarded.


9. CBS Full-Time MBA

About CBS Full-Time MBA:

The Copenhagen Business School (CBS) offers a Full-Time MBA program that stands out in the Nordic region. Denmark's commitment to sustainability, innovation, and creativity permeates the program, making it an excellent choice for those interested in these areas.


CBS holds the prestigious triple crown of international accreditations (AMBA, EQUIS, and AACSB), and its Full-Time MBA is recognised globally, ranked 11th in Europe by QS Global MBA Rankings and 16th by Bloomberg Businessweek.


Curriculum:

The CBS Full-Time MBA is a transformative one-year program designed to equip students with leadership skills and a global perspective. It covers essential business topics while emphasising sustainability and innovation.


The curriculum includes core courses and opportunities for customisation through electives, career labs, and global learning expeditions. It culminates in an internship, venture project, or global field project.


Admission Criteria:

To be eligible for the CBS Full-Time MBA program, applicants must have:

  • A bachelor's degree or equivalent.

  • A minimum of three years of full-time post-graduation work experience.

  • GMAT score of at least 600, GMAT Focus Edition score of 555, or a combined GRE score of 300.

  • English language proficiency.


The application process involves completing an online form, submitting essays, providing references, and supplying transcripts, CVs, and test scores

.

Eligibility:

Prospective students should hold a bachelor's degree, possess at least three years of professional experience, and meet the specified GMAT/GRE score requirements. Proficiency in English is also required.


Class Profile:

CBS prides itself on diversity, with over 90% of MBA participants coming from outside Denmark. They typically have over five years of work experience from various industries and organisational functions, contributing diverse perspectives to the program.


Key Takeaway:

The CBS Full-Time MBA offers a unique opportunity to study in Denmark's sustainability-focused, innovative environment. With triple accreditation and global recognition, it prepares students for leadership roles with a strong emphasis on sustainability.


Fee Structure:

For the academic year 2024-2025, the tuition fee is DKK 350,000 for EU students (plus an approximate non-EU fee of DKK 16,000). Estimated additional expenses for living, housing, food, and books amount to approximately DKK 126,500.


Scholarships:

CBS offers scholarships to exceptional students. Notable scholarships include the CBS Executive Scholarship of Excellence, which rewards academic achievements and contributions to diversity, and scholarships provided by the Danish Society for Education and Business (DSEB), which supports students from various countries to study in Denmark.


10. ESSEC Business School

About ESSEC Global MBA:

ESSEC Business School offers a one-year Global MBA program in partnership with top-ranked institutions worldwide. It is known for its customisation options, preparing responsible business leaders through a curriculum focused on sustainability, digital leadership, and innovation.


Curriculum:

The ESSEC Global MBA allows students to tailor their MBA journey by selecting core courses, electives, Career Learning Labs, and global learning expeditions. It culminates in an internship, venture project, or global field project. Sustainability, digital leadership, and innovation are core themes.


Admission Criteria:

To be eligible for the ESSEC Global MBA, applicants should:

  • Be at least 25 years old (average age is 30).

  • Possess at least three years of post-university professional experience.

  • Have international work experience.

  • Hold a 4-year bachelor's degree.

  • Provide a competitive GMAT/GRE or Tage-Mage score.

  • Demonstrate advanced English proficiency.


Eligibility:

Prospective students must meet age, work experience, education, language proficiency, and test score requirements to qualify for the ESSEC Global MBA.


Class Profile:

ESSEC welcomes high-impact, forward-thinking individuals from diverse international backgrounds. Students are selected based on their potential for leadership, adding to a collaborative and diverse cohort.


Key Takeaway:

The ESSEC Global MBA offers a boutique-sized program that fosters responsible leadership through customisation, sustainability, and innovation. It emphasises collaborative leadership and provides extensive support for career ambitions.


Fee Structure:

The tuition fee for the ESSEC Global MBA is €49,500, covering academic courses, seminars, and business trips. Additional costs include alumni association membership, textbooks, health insurance, sports, leisure, and living expenses, estimated at approximately €900-1,000 per month in France.


Scholarships:

ESSEC offers scholarships, including Early Bird Offers for early applicants and scholarships for innovation, women leaders, high potential candidates, emerging markets, international experience, diversity, and those aligned with ESSEC's strategic challenges.


These programs One Year MBA in Europe offer a fast track to career advancement and a chance to harness the rich cultural diversity of Europe. As we close this comprehensive guide, remember that choosing the right program requires careful consideration of your goals and aspirations. With many renowned business schools and specialisations, Europe stands as an attractive destination for those seeking an accelerated path to success in the ever-evolving business landscape.


An MBA admission consultant at GOALisB can help you with a profile evaluation and application assistance to get into a one year MBA in Europe.

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