MBA in Italy for Indian Students: In-Depth Guide for 2024



There are a variety of options for a student who is passionate about pursuing an MBA in Italy. So, if you are curious about why a Master of Business Administration from Italy is a good idea, then we have the right reasons for you. The country is home to excellent B-schools, providing you with a totally unique experience.

Italy, is one of the most popular global education destinations in the world offering programs across several fields (management, sciences, and fashion to name a few).

An MBA from a recognized university can be just the thing you need for your career. This is because of the large number of opportunities that this degree creates for its graduates. is one of the most popular global education destinations in the world offering programs across several fields (management, sciences, and fashion to name a few). An MBA from a recognized university can be just the thing you need for your career, due to the number of opportunities.

This reason is not enough for you? Do not worry, this article will discuss everything in detail and solve your queries.

What we will look at today

Is an MBA in Italy good for Indian students?

It is considered that pursuing an MBA in Italy is half as compared to B-schools in the USA, the UK, or Canada.

Approximately, public universities fees in Italy range from £500(52,794.5) to £4000 (₹4,22,329.49) per year, while fees in private universities can go up to £13000 (₹1,37,27,740.00) As far as the cost of living is concerned, it is said to range between £700 (₹73,919) – £800 (₹84,480).

Depending on how much time one can spare, one may choose to work on a part-time basis to support their studies.

What is the cost of studying MBA in Italy?

The average study cost of completing an MBA in Italy for Indian students’ fees is approximately EUR 30,000 (INR 25,21,471).

In terms of the cost of living, students will only have to spend a quarter of what they would’ve had to spend in other countries such as the U.S. or Canada.

Although there is no specific financial requirement for applying to an Italian B-School, the authorities will ensure that the candidate staying in Italy has sufficient funds to support themselves during the entire duration of their stay within the country.

Generally, the cost of living in Italy and across its many student-friendly cities does not go beyond EUR 700- EUR 800 a month. This includes the cost of accommodation, travel, food, supplies, and other miscellaneous expenses. In cities like Turin, Trieste, Padua, Pisa, and Bologna, the living costs are even lower, with most estimates pinning the expenses at around EUR 550 per month.

Depending on how much time one can spare, one may choose to work on a part-time basis to support their studies. Generally, most universities offer assistantships where students may provide their services in exchange for a fixed stipend or for a small reduction in tuition fees.

What are the scholarship options for pursuing an MBA in Italy for Indian Students?

Mostly, scholarships are offered by different universities themselves. However, the eligibility criteria for each of these scholarships vary depending on the type of funding, and the amount.

Generally, scholarships are provided on the basis of merit and these are calculated from the performance of aspirants in competitive examinations such as GMAT/GRE or even admission tests that are provided by the institutions themselves.

Some of the popular scholarships offered by various institutions include,

Name of the Scholarship Number of Scholarships Amount Organization Type
Forte Fellowship 3 $25,451 Forte Foundation Merit-based
SDA Bocconi £45.000 (Up to 60% on tuition fees) SDA Bocconi School of Management Merit-based
Gianluca Spina Memorial Scholarship 50% (gross) waiver Gianluca Spina Association Results of the iMSCPM selection process
ADB-Japan Scholarship Program 135 covers tuition fees, subsistence book, medical insurance, travel, and research subsidies ADB Merit-based

Eligibility for MBA in Italy

Italy also has eligibility criteria for pursuing a master’s degree from one of its top institutions. The general eligibility criteria for pursuing an MBA in Italy include, but are not limited to:

  • Undergraduate degree or equivalent from a recognized university or institution
  • Relevant work experience
  • Letter of recommendation (LOR)
  • English language proficiency test scores (TOEFL/IELTS/PTE)
  • Must showcase the necessary qualities of a good manager including leadership skills, communication skills, analytical skills, and others.
  • Statement of purpose (SOP)
  • Student visa
  • Passport

What is the average salary after MBA in Italy?

Around 90% of MBA graduates from Italian universities ind employment within the first 90 days of graduation. With an average salary of around EUR 50,000 per year, MBA graduates from Italian universities enjoy one of the highest pay packages in Europe.

The average salary post obtaining an MBA degree in Italy across various industries is listed below.

Industry Average Salary
Consulting EUR 52,429
Finance EUR 45,000
Healthcare EUR 50,000
Information Technology EUR 47,000
General Management EUR 69,000

Disclaimer: This video reflects details and rankings from 2023

MBA in Italy: What are the best colleges for Indian Students?

Let’s take a look at some of the top MBA colleges of Italy!

Name of the School Ranking (QS World University Rankings) Language of Instruction Tuition Fee Eligibility
SDA Bocconi School of Management, Bocconi University 6* English EUR 65,000 (INR 55,19,995)
  • Undergraduate degree or equivalent
  • Academic transcripts
  • Filled application form
  • Pre-interview video
  • Relevant professional experience
  • English language proficiency IELTS/TOEFL/PTE/CPE
  • GMAT scores/GRE scores
  • Two references
POLIMI Graduate School of Management, Politecnico di Milano 139 English EUR 34,000 (INR 28,95,746)
  • Bachelor’s degree or its equivalent from a recognized university/institution
  • Minimum work experience of 3 years
  • CV in English
  • GMAT/GRE scores
  • Certificate of English proficiency
  • Two letters of reference
  • Copy of passport
LUISS Business School, LUISS Guido Carli 59* English EUR 30,000 (INR 25,57,530)
  • Undergraduate degree in any discipline
  • At least 3 years of work experience
  • Admission test
  • English language proficiency test (IELTS/TOEFL)
  • GMAT/GRE scores
  • Personal Interview
Bologna Business School, Alma Mater Studiorum – University of Bologna 167 English Global MBA EUR 35,000 (INR 29,88,393)
Executive MBA EUR 25,600 (INR 21,85,796)
  • Must have an undergraduate degree or equivalent from a recognized university or institution
  • English language proficiency (in case one is unable to present a IELTS or TOEFL score, their level of English will be assessed during the selection process)
  • 3 years of qualified work experience (cumulative)
  • Submit the necessary documentation
ALTIS – Graduate School Business & Society, Catholic University of the Sacred Heart 511-520 Italian EUR 27,900 (INR 23,81,748) + taxes
  • Undergraduate degree or equivalent
  • Academic transcripts
  • Filled application form
  • Relevant professional experience of at least 3 years
  • GMAT scores/GRE scores
  • Two references
  • English proficiency since some of the lessons will be provided in the language (IELTS/TOEFL/PTE)

 

University of Pisa 404 Italian/English EUR 8,000 (INR 6,83,061)
  • Undergraduate degree or equivalent from a recognized university
  • Relevant work experience
  • Academic transcripts
  • Proof of English language proficiency (for those courses that are offered in English)
  • GMAT/GRE scores
  • Adequate personal skills to be assessed according to the single Degree program regulations

*indicates ranking in QS World University Rankings by Subject in Business & Management Studies

Source
topuniversities.com

1. SDA Bocconi School of Management, Bocconi University

Università Bocconi, or Bocconi University, was established in Milan in 1902. It was the first higher education institution in Italy to grant a degree in economics. Bocconi University has been synonymous with liberalism, pluralism, and social and economic progress.

Università Bocconi has an Undergraduate School, a Graduate School, a School of Law, and a Ph.D. School. The SDA Bocconi School of Management which was established in 1971 has since been providing management education.

Why study MBA at this school?

The SDA Bocconi School of Management offers the right combination of culture, knowledge, industry connect, and leisure. Since the school is located in Milan, students have access to European and Italian businesses, fashion, food, and culture.

The city also offers a plethora of opportunities to its young graduates, both in terms of internships as well as careers. The SDA Bocconi School has been accredited by AACSB, EQUIS, and AMBA.

The school offers three different types of MBAs including,

  • Full-time MBA
  • Executive MBA (EMBA)
  • GEMBA (Rotman-SDA Bocconi Global Executive MBA)

What are the career prospects after graduation?

Over 95% of the graduates from the SDA Bocconi School of Management found employment opportunities within the first 90 days post-graduation. The average salary for MBA graduates was EUR 86,000 (INR 73,22,121) in 2021.

Some of the top recruiters of Bocconi’s MBA graduates include,

  • Accenture
  • Abbott
  • Armani
  • EY-Parthenon
  • Infosys
  • LVMH
  • McKinsey
  • Microsoft
  • Nike
  • Novartis
  • Zurich Consulting

Eligibility

The eligibility criteria to get admitted into the SDA Bocconi School of Management include,

  • Undergraduate degree or equivalent
  • Academic transcripts
  • Filled application form
  • Pre-interview video
  • Relevant professional experience
  • English language proficiency IELTS/TOEFL/PTE/CPE
  • GMAT scores/GRE scores
  • Two references

Admission process & Fees

The total tuition fees to be paid is EUR 65,000 (INR 55,19,995) annually. The admission process includes,

  • Submission of application
  • Pre-selection process based on the documents submitted
  • Selection process
  • Final selection result
  • Applications are reviewed on a rolling basis due to the large volume of applications.

Scholarship options

Some of the most popular scholarship options for International students from India include,

  • Total tuition waivers – in memory of Prof. Claudio Dematte for those students with an outstanding profile
  • Partial tuition waiver for outstanding candidates
  • Partial tuition waiver for candidates from South West Asia
  • Partial tuition waiver for candidates from Central Asia and the Indian subcontinent
  • Partial tuition waiver for female candidates
  • SDA Bocconi – reaching out MBA fellowship

2. POLIMI Graduate School of Management, The Polytechnic University of Milan


Founded in 1863, Politecnico di Milano, or the Polytechnic University of Milan has been at the forefront of higher education. The university has campuses across six locations including Milano Leonardo, Milano Bovisa, Lecco, Cremona, Mantova, and Piacenza.

Why study MBA at this school?

The  POLIMI Graduate School of Management offers several MBA programmes including,

  • Executive MBA Part-time
  • Flex EMBA
  • Executive MBA Part-time Roma
  • International MBA (Full time)
  • International MBA (Part-time)

The program has official collaborations with multinational companies that offer networking events, mentorship programs, business seminars, and funded opportunities. The specializations offered by the program include Entrepreneurship, Innovation and Startup Development, Digital Transformation and Big Data, Luxury and Design Management, Global and Sustainable, and Management.

What are the career prospects after graduation?

Over 96% of graduates from the POLIMI Graduate School of Management received a job offer within 6 months of graduation. Sectors like Industrial/Pharmaceutical & healthcare, consulting, banking and finance, and retail were the highest recruiters of graduates post-MBA.

Some of the top recruiters include,

  • Amazon
  • BCG
  • EY
  • IBM
  • Lamborghini
  • Microsoft
  • Whirlpool

Eligibility

  • Bachelor’s degree or its equivalent from a recognized university/institution
  • Minimum work experience of 3 years
  • CV in English
  • GMAT/GRE scores
  • Certificate of English proficiency
  • Two letters of reference
  • Copy of passport

An applicant’s professional and academic background, motivational interview performance, and aptitude test score (GMAT/GRE/POLIMI GSoM Test are considered for admission.

Admission process & Fees

The International Full-Time MBA tuition fee is EUR 39,000 (INR 33,26,817).
The admission process includes,

  • Activation of application and submission of documents
  • Screening
  • Final decision
  • Confirmation

Scholarship options

Some of the top scholarships and financing options available at the school include,

  • Gianluca Spina Memorial Scholarship
  • Gmat-/Gre-based contributions for exceptional merit
  • Circular economy challenge

3. LUISS Business School, LUISS Guido Carli


Libera Università Internazionale Degli Studi Sociali Guido Carli or LUISS Guido Carli is a private institution in Rome that was founded in 1974. The university has four departments including Departments of Economics and Finance, Business and Management, Law, and Political Science.

Why study MBA at this school?

The LUISS Business School offers several programs including MBA, a Master’s, Executive Programs, and Custom programmes. Several MBA programs are on offer at the school including,

  • Flex Executive MBA – Management Academy
  • Flex MBA
  • Full-time MBA
  • Part-time MBA Milan
  • Part-time MBA Rome

The Luiss Business School and the Department of Business and Management are ranked among the top 1% in the world for management education.

What are the career prospects after graduation?

During the course of the MBA, activities are organized to help students to have a better understanding of their profiles and match them with the top recruiters.
Some of the top recruiters of MBA graduates from the LUISS Business School include,

  • Abbott
  • Abbvie
  • Accenture
  • BNP Paribas
  • Deloitte
  • Diesel
  • General Motors
  • IBM
  • Novartis
  • Octo Telematics
  • PriceWaterhouseCoopers
  • Procter & Gamble

Eligibility

The eligibility criteria to be considered for admissions at the LUISS Business school includes,

  • Undergraduate degree in any discipline
  • At least 3 years of work experience
  • Admission test
    • English language proficiency test (IELTS/TOEFL)
    • GMAT/GRE scores
    • Personal Interview

Prior to admissions, the candidates must submit the following documents:

  • Completed application form
  • Copy of degree certificate
  • Curriculum vitae
  • Digital ID photo
  • Copy of passport or ID document
  • Admission fee receipt of € 105 (non-refundable)
  • Transcript of records in English

Admission process & Fees

The tuition fee at the LUISS Business School for the full-time MBA program is EUR 30,000 (INR 25,57,530).
The admission process at the LUISS Business School includes,

  • Submission of all relevant documents
  • Make application payment
  • Pass the admission test
  • Personal interview
  • Final selection decision

Scholarship options

Some of the most popular scholarships that are available at the LUISS Business School for aspirants include,

  • Women in STEM Scholarships
  • People in STEM Scholarships
  • ASIA Pacific Scholarships
  • Social Project Scholarships

4. Bologna Business School, Alma Mater Studiorum - University of Bologna


Known to have been in existence since 1088, Alma Mater Studiorum Universita Di Bologna or the University of Bologna has been considered to be one of the oldest universities in the western world.

The university has a multi-campus structure with some of the campuses located across Cesena Campus, Forlì Campus, Ravenna Campus, Rimini Campus, New York, and Shanghai. Bologna university has five schools offering hundreds of programs for students from all kinds of backgrounds.

Why study MBA at this school?

The Bologna Business School offers several different types of MBAs including,

  • Global MBA
  • Executive MBA
  • Executive MBA English edition
  • MBA Part-time (Evening)
  • MBA Part-Time (Weekend)
  • Hybrid MBA
  • Hybrid MBA English edition

Every course offered as part of the program is divided into theory and practice where theory is handled by an academic faculty while the practical part of it is handled by business managers who will introduce students to real-world business scenarios.

The MBA program is accredited by EFMD and EQUIS which ensures that the program can guarantee the presence of the most qualified faculty and leading practitioners. The duration of the global MBA is 12 months and it is taught entirely in English.

What are the career prospects after graduation?

Around 91% of graduates from the Bologna Business School found employment within the first six months of graduation. A majority of the graduates went into several sectors including,

  • Finance
  • Supply chain
  • Marketing/sales
  • Management
  • Sustainability

Some of the top companies that recruited graduates from the Bologna School of Business include,

  • Amazon
  • Ares Design
  • BCG
  • Ducati
  • Lamborghini
  • Max Mara Fashion Group

Eligibility

In order to be eligible for admission at the Bologna Business school, applicants must fulfill the following criteria.

  • Undergraduate or bachelor’s degree from a recognized university
  • English language proficiency (IELTS/TOEFL/assessment during the selection process)
  • 3 years of qualified work experience (cumulative)
  • Submit the necessary documentation which includes,
    • Application form
    • Curriculum Vitae
    • Diploma and transcript for your qualifying degree
    • Passport photocopy
    • Motivational letter
    • Reference letter(s) (optional but advised, max. 2)
    • Signed copies of your eligibility summary sheet and a receipt of the 60 euro application fee (both downloadable from ‘studenti online’ following registration)
    • Declaration of Value* / Diploma Supplement* / Conditional Enrolment Form

Admission process & Fees

The tuition fee for the Global MBA is EUR 35,000 (INR 29,88,393), which can be paid in three installments. The tuition fee for the Executive MBA is EUR 25,600 (INR 21,85,796).

The admission process is begun with four simple steps that include,

  • Downloading and filling out the application form
  • Completing the online registration by paying the 60 euro fee at https://studenti.unibo.it
  • Sending the complete hard copies of your application packet to the Global MBA Office at Bologna Business School
  • Sending a digital copy of the application packet to: globalmba@bbs.unibo.it

Scholarship options

The school offers both full and partial scholarships for participants of the Global MBA. The Global MBA offers scholarships of,

  • 35,000 euro (full scholarship)
  • 20,000 euro (partial scholarship)
  • 15,000 euro (partial scholarship)
  • 10,000 euro (partial scholarship)

The school also offers the BBS WOMEN INITIATIVE scholarship to empower young and talented women.

5. ALTIS – Graduate School Business & Society, Catholic University of the Sacred Heart


Università Cattolica del Sacro Cuore or the Catholic University of the Sacred Heart was founded in 1921. It is the only Italian university to boast an impressive national network of campuses that are located across Milan, Piacenza, Cremona, Brescia, and Rome.

Why study MBA at this school?

The 15-month executive MBA program offered by ALTIS – Graduate School Business & Society is aimed at providing the necessary skills required to become an accomplished leader across various industries.

The MBA program offers several core courses including business strategy, organizational skills for management, supply chain management, and digital marketing and strategies among others. Students also need to choose from two tracks including entrepreneurship and managerial.

What are the career prospects after graduation?

The program is designed to cater to the ever-changing needs of the business world.
Some of the top industries that graduates of this program were employed in include,

  • Consulting
  • Financial Services
    • Investment Banking
    • Equity
  • Information Technology
  • General Management

Eligibility

The eligibility criteria to be considered for admissions at the ALTIS – Graduate School Business & Society includes,

  • Undergraduate degree or equivalent
  • Academic transcripts
  • Filled application form
  • Relevant professional experience of at least 3 years
  • GMAT scores/GRE scores
  • Two references
  • English proficiency since some of the lessons will be provided in the language (IELTS/TOEFL/PTE)

Admission process & Fees

The tuition fee to get admitted into the executive MBA program at ALTIS is EUR 27,900 (INR 23,81,748) + taxes.
The admission process includes,

  • Submission of filled application form
  • Submission of all required documents
  • Interview
  • Final decision

Scholarship options
Some scholarships are offered by 24ORE Business School and ALTIS Università Cattolica which are available for meritorious students.

6. University of Pisa



The University of Pisa was founded in 1343, although historical documents support theories that the university existed as early as the 11th century. With around 20 departments that offer programs across several fields including agriculture, computer science, and engineering, among others, the university is known for quality education and state-of-the-art research facilities.

Why study mba at this school?

Do the names Galileo Galilei and Enrico Fermi ring a bell? Well these are only a couple of the distinguished alumni that have studied at this world-renowned university. Moreover, it offers the International MBA program to those candidates looking to improve their skills to move up the corporate ladder.

The full-time MBA program is taught in English, making it universally accessible to all those who are looking to apply. The school also offers several masters programs across a variety of disciplines including banking, management, finance, and marketing.

What are the career prospects after graduation?

The MBA program offers skills that can be put to good use across several sectors including,

  • Marketing
  • Corporate finance
  • Corporate and investment banking
  • HR management
  • Statistics for business
  • Innovation management

Eligibility

The eligibility criteria for admission at the University of Pisa include

  • Undergraduate degree or equivalent from a recognized university
  • Relevant work experience
  • Academic transcripts
  • Proof of English language proficiency (for those courses that are offered in English)
  • GMAT/GRE scores
  • Adequate personal skills to be assessed according to the single Degree program regulations

Admission process & Fees

The tuition fee to pursue an MBA from the University of Pisa is EUR 8,000 (INR 6,83,061).

The admission process includes,

  • Admission requests, which may be monitored on the Ammissionelm portal
  • Assessment, based on requirements of the curriculum
  • Enrolment

Scholarship options

The scholarship options that are available for international students at the University of Pisa include,

  • UNIPI scholarship
  • MAECI scholarships

How to apply for an MBA in Italy?

If you’re feeling overwhelmed with all the information and need help in your application process – from search and discovery all the way to the application process and applying for visas – all you need to do is log into our student portal, explore courses and start your journey here.

Our platform enables students to study anywhere in the world in just a few steps. From search and discovery and finding the right course fit for you, to the applications, visas, and departure – we see you through it all.

Here’s a look at the super simple way to search and apply through our platform

1. Sign up at TC Global

Search to find the best fit

2. Search away!

Look for the best universities or courses that suit all of your requirements. Our AI-driven algorithm helps you find the best course and university for you – one that matches your requirements as well as your eligibility

3. Find your match!

Select the top universities that match your requirements and eligibility criteria. You can also match with the top courses that you can opt for based on your eligibility and your requirements.

4. Check out various courses

Explore different courses and shortlist the ones you want to apply to. You could also compare different courses to identify their pros and cons.

5. Know more about the university and the course you want to apply to

Check out detailed summaries, read about entry requirements, know about fees, and more once you begin zeroing in on one of the many universities you get to choose from.

6. Request to meet with a Relationship Member

Talk to our experts to gain more insights about the courses and universities you are applying to. You can request to meet with a Relationship Member who will guide you further. Also, know about the entry requirements and all the formalities that you need to complete before you begin your journey.

7. Track all of your applications in one place!

Once you have applied to a university or a course of your choice, track the application on your dashboard. Keep a tab on your progress and stay updated about the admission process.

8. Check out all events organized by TC Global

Also, remember to stay updated about the global education landscape by attending our global ed events. Interact with our domain experts, university representatives, alumni, and more to help reach your global ed aims.

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Date added
05.04.2024

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