7 European business schools with GMAT scholarships
European business schools are among the best in the world, and leading rankings attest to this.
They comprise three of the top five schools in the Financial Times Global MBA Ranking 2021, with INSEAD ranked first.
In the QS Global MBA Rankings 2021, European business schools snapped up four of the top 10 spots.
Many business schools traditionally require candidates to take the GMAT exam for acceptance.
On top of that, cost is a significant factor for many MBA candidates. The cost of an MBA is up by 4.7% at top business schools, found a BusinessBecause survey.
The survey found that the biggest increase was seen at European business schools, with the average price of an MBA at 130,104 US dollars (up by 9.7%).
Despite this, the total cost of a top-ranked MBA in Europe is still relatively low at most schools compared with the US.
Several European business schools, however, offer MBA scholarships based on your GMAT score.
Here are some worth exploring:
Alliance Manchester Business School
Alliance MBS notes that the eligibility criteria for its Manchester Merit Scholarship include a minimum GMAT of 600 or equivalent GRE.
Amsterdam Business School
Amsterdam Business School reward scores above 630 up to 10,000 Euros for the highest scores. MBA candidates will need to ask the MBA Admissions Office for the exact breakdown.
The GMAT scholarship is available for all Amsterdam MBA candidates.
Applicants who submit successful GMAT or GRE (equivalent) scores will be considered for scholarships to acknowledge their success. The value for the GMAT (or GRE equivalent) of 700 or higher is €4,000 while a GMAT (or GRE equivalent) of 650 to 690 is €2,000.
IÉSEG School of Management
IÉSEG notes the following on its website about its GMAT scholarship:
- 20% tuition reduction for admitted applicants with a GMAT score between 610 and 640,
- 30% tuition reduction for admitted applicants with a GMAT score between 650 and 680,
- 40% tuition reduction for admitted applicants with a GMAT score between 690 and 720,
- 50% tuition reduction for admitted applicants with a GMAT score of 730 or higher
University of Exeter Business School
The university notes that it doesn’t require GMAT, but they welcome applicants in possession of a GMAT score as it may strengthen their application.
“We have recently launched an Academic Excellence scholarship which will be automatically awarded to all applicants in possession of a GMAT score of 650 and above,” it said.
Vlerick Business School
Applicants will need a GMAT score of 700 and up to enjoy 50% off the tuition fee for Vlerick’s master’s programmes, notes its website.
WHU – Otto Beisheim School of Management
The WHU Scholarship for Excellent GMAT result is available to full-time MBA applicants. More details can be found on their website.
Ultimately, MBA candidates should always check the individual business school websites for the latest details.