Top 10 Business Schools in Europe

Exploring academic opportunities can sometimes seem daunting. In this blog, we aim to shed light on one particular region teeming with elite institutions—Europe. Our focus is to provide you with a concise yet insightful catalogue of the best business schools in Europe, simplifying your process of choosing the right path for your further education. It is still one of the biggest dreams of international students to study in Europe.

Our objective here is not just to spark your interest but to sustain it. To do this, we delve into specifics about each institution - their programs, faculty, and the unique assets they bring to the table. Subsequently, we highlight the many advantages of studying at these prestigious schools, such as diverse cultural exposure, global networking opportunities, and robust industry connections. The goal is to help you see how these features align with your academic aspirations and career ambitions, nudging you towards taking the next step in your educational journey.

European Business Schools: A Snapshot

European Business Schools are recognized worldwide for their excellence in providing high-quality business education. Ranked highly by sources like the Financial Times, they are home to a diverse range of students, with thousands of international students being admitted each year, creating a vibrant and multicultural academic environment.

What truly sets these schools apart are their global recognition and ties. Many of the best business schools in Europe have partnerships with companies and other academic institutions worldwide, providing students with unique opportunities for internships, exchange programs, and networking. These schools also consistently rank high in global business school rankings, further solidifying their standing in the international academic community.

Average tuition fees for these schools vary largely depending on the program and duration of the study. An MBA program, for instance, might cost anywhere between €20,000 to €70,000. Despite the significant investment, the potential returns in terms of career growth and salary increases often justify the costs.

In terms of statistics, these business schools show impressive numbers. Many European Business Schools boast graduation rates of over 90%, demonstrating their commitment to student success. The employment rates (as per sources like Glassdoor, Indeed & LinkedIn) post-graduation are equally commendable, with some institutions reporting as high as 90-95% of their students securing jobs within three months of graduation.

The best business schools in Europe are not just about academics; they also focus on developing well-rounded individuals. Their curriculum often includes opportunities for personal growth, leadership development, and cross-cultural understanding - attributes that are highly valued in today's global business landscape. This balanced approach to education is one of the many reasons why these schools continue to attract students from across the globe.

Best Business Schools in Europe

Europe is a beacon for excellence in business education, housing some of the world's most prestigious institutions. It is one of the most chosen study-abroad destinations. Each of the top 10 best business schools in Europe spotlighted here offers a unique blend of rigorous academics, a diverse community, and robust industry connections.

Their programs are designed to nurture both theoretical knowledge and practical business skills, preparing students for the challenges of the global business landscape. In the following sections, we'll delve deeper into what makes each of these schools among the best business schools in Europe and why they could be the perfect choice for your educational journey.

Here is the table showing the Top Business Schools in Europe:

1. London Business School (LBS)

London Business School (LBS) holds a prestigious spot among the best business schools in Europe. Located in the heart of London, this institution offers a rich academic environment marked by a global approach to business education.

What sets LBS apart is its strong emphasis on diversity and global thinking. With students coming from all corners of the globe, the school provides a unique learning atmosphere that encourages cross-cultural exchange and global business understanding.

LBS offers a range of business programs including the globally recognized MBA, Executive MBA (London and Dubai), Masters in Finance, Masters in Management, and a suite of executive education courses. These programs are designed to equip students with practical business skills and deep insights into the global business environment.

Why choose London Business School?

Opting for London Business School (LBS), regarded as one of the best business schools in Europe, is choosing to step into a multicultural education setting packed with international networking potential. Located in the heart of London, a global business epicentre, LBS spearheads an enriching academia-industry liaison that invariably opens up top-drawer internship and job avenues for students. Besides, the school's outstanding commitment to fostering global perspectives through diversity and cross-cultural interactions makes it a standout choice.

Admission Process

To embark on your journey at London Business School, you'll need to provide details regarding your educational background, including:

• Educational Background: Provide details of post-secondary education, including institutions attended, degrees pursued and attained, GPA, and transcripts.
• Language Proficiency: Demonstrate proficiency in English through standardized tests like IELTS (minimum score of 6.5), TOEFL (overall grade of 100), or PTE.
• Test Scores: The average GMAT score required for admission to the London Business School (LBS) MBA program is around 700, with a typical class range of 600 to 800. Additionally, for the GRE, LBS prefers scores of over 160 in both the verbal and quantitative sections
• Professional Experience: While not always mandatory, details of work experience are valuable for assessment.
• Additional Documents: Include a resume, two reference letters, and essays.

2. INSEAD

As one of the best business schools in Europe, INSEAD, with campuses in France, Singapore, and Abu Dhabi, prides itself on being "The Business School for the World." It offers a dynamic, diverse, and truly global educational experience.

INSEAD stands out due to its multi-campus structure that offers students the opportunity to experience and understand business from different cultural and geographical perspectives. This global exposure significantly enriches the learning experience, setting INSEAD apart from many other business schools.

INSEAD's flagship offering is its one-year MBA program, acknowledged as one of the best in the world. It also offers an Executive MBA, a Master's in Finance, and a PhD in Management. These programs are carefully designed to cultivate leadership and decision-making skills in a global business context.

Why choose INSEAD?

In the realm of global business, opting for INSEAD presents unparalleled opportunities. Accounting its status as one of the best business schools in Europe, it facilitates growth through its multi-campus training model, in France, Singapore, and Abu Dhabi. This exposure shatters geographical limitations, providing comprehensive, practical programs that build resilient leaders. The one-year MBA program offers an accelerated path to a global business understanding. But it’s not all work. The rich diversity of its peer group enriches the learning while fostering the spirit of camaraderie. Undeniably, INSEAD is a beacon for aspiring global business leaders.

Admission Process

To gain admission to INSEAD, one of the best business schools in Europe, applicants must meet several requirements. Here are the key points to consider:

• Academic Credentials and GMAT Scores: INSEAD values a strong academic background from reputable institutions. Although a high GMAT score is essential, INSEAD takes a holistic approach, considering other factors such as undergraduate GPA. The average GMAT score for admitted students typically falls around 700.
• Work Experience: INSEAD looks for quality work experience rather than a specific quantity. The admissions committee evaluates the impact and contributions made in your career, regardless of its length.
• Letters of Recommendation: INSEAD requires two letters of recommendation, one from a current supervisor or manager and another from someone who can evaluate your abilities.
• English Proficiency: INSEAD typically requires a TOEFL score of around 105 or an IELTS score of 7.5 to ensure that candidates can effectively engage with the rigorous academic curriculum conducted in English.

3. HEC Paris

HEC Paris, one of the oldest and best business schools in Europe, is well-known for its exceptional faculty, rigorous academic environment, and close connections with the global business community. Located in Jouy-en-Josas, France, it has consistently ranked among the top institutions for business education worldwide.

HEC Paris distinguishes itself through its strong focus on entrepreneurship and innovation. The school offers an extensive range of programs including an MBA, an Executive MBA, a Master in Management, a Masters in Finance, and numerous executive education programs. These comprehensive programs are tailored to empower students with a robust understanding of business in a global context.

Why choose HEC Paris?

Making HEC Paris your choice for business education allows you to immerse in a unique blend of rigorous academic training and practical business insights, perfectly justifying its status among the best business schools in Europe. It is renowned for fostering an entrepreneurial spirit within students, encouraging them to initiate their own ventures. The university's strong academic reputation, diverse programs catering to varied career aspirations, and robust network of over 60,000 active alumni worldwide all contribute to positioning HEC Paris as an ideal destination for aspirants seeking excellence in business education.

Admission Process

To embark on your journey at HEC Paris, you'll need to provide details regarding your educational background, including:

• Test Scores: Applicants need to submit GMAT, GRE, Executive Assessment, or in-house HEC management test scores. The average GMAT score is 690.
• Educational Background: A completed undergraduate degree is required, and a strong quantitative background is preferred.
• Work Experience: A minimum of 2 years of professional experience is encouraged, with an average of 6 years for the MBA program.
• CV: A detailed resume showcasing career progression and achievements is essential.
• Letters of Recommendation: Two recommendations, with at least one from a professor, are required.
• English Proficiency: Additionally, HEC Paris requires proof of English proficiency, which can be demonstrated through TOEFL or IELTS scores. The minimum TOEFL score required is 100, and the minimum IELTS score required is 7.5.

4. University of Oxford: Saïd Business School

The University of Oxford's Saïd Business School holds a strong reputation as one of the best business schools in Europe. Nestled within the rich academic tradition of one of the world's oldest universities, this school provides a distinctive blend of business education with a broad liberal arts foundation.

What makes Saïd Business School unique is its emphasis on addressing world-scale problems through business principles. The school intertwines its curriculum with themes of global challenges, fostering a comprehensive understanding of how business intersects with societal and environmental concerns.

Saïd Business School offers a comprehensive MBA program, an Executive MBA, and a Master of Science in Major Programme Management, along with various open and custom executive education programs. These programs equip students with advanced business tools, leadership capabilities, and a global perspective.

Why choose Saïd Business School, University of Oxford?

Choosing Saïd Business School at the University of Oxford offers unique advantages. It is one of the top business schools in Europe. It has a rich history of learning and its courses are designed to tackle world issues. The school stands out because it combines business learning with general education. This prepares students to deal with complicated problems. Being part of this well-known school gives students access to a large network of previous students, teachers, and business leaders. This greatly improves the learning experience.

Admission Process

To apply to Saïd Business School, you'll need to provide information about your educational background, which includes:

• Educational Background: Applicants must provide details of their post-secondary education, including institutions attended, degrees pursued and obtained, and GPAs. Transcripts are required.
• Language Proficiency: Proficiency in English must be demonstrated through tests like IELTS, TOEFL, or PTE. The minimum IELTS score required is 7.5, with at least 7.0 in each component. For the TOEFL, a minimum score of 110 is required, with at least 25 in each section. The minimum PTE score required is 73, with at least 73 in each component. 
• Test Scores: Valid GMAT/GRE scores are necessary for evaluation. The average GMAT score for admitted students at Oxford Saïd Business School is 680, with a recommended score of 650 or above. The school considers a competitive GRE score to be 160 or more in both the verbal and quantitative sections.
• Professional Experience: While not mandatory, details of work experience are valuable for assessment.

5. University of Cambridge: Judge Business School

Among the best business schools in Europe, the University of Cambridge's Judge Business School stands tall. The school, situated in a city renowned for its academic prowess, offers a deep dive into innovative and transformative business education.

Judge Business School's uniqueness stems from its emphasis on 'Action Learning'. This approach involves students undertaking consulting projects for real companies, thereby gaining invaluable hands-on business experience during their studies. This experiential learning approach sets it apart from many of its counterparts.

Judge Business School provides a range of business programs including an MBA, an Executive MBA, a Master of Finance, and a suite of executive education programs. These programs foster strong leadership skills, an entrepreneurial mindset, and a deep understanding of the global business landscape.

Why choose Judge Business School, University of Cambridge?

Choosing Judge Business School is a step towards embracing a blend of tradition and innovation in business education. It upholds its reputation as one of the best business schools in Europe by offering a unique combination of theoretical knowledge and practical application. The school's faculty offers valuable insights from groundbreaking research and industry practices. With a diverse range of programs, students can align their education with career goals, aided by a prestigious network teeming with alumni, scholars, and industry leaders through its affiliation with the University of Cambridge.

Admission Process

To embark on your journey at Judge Business School, you'll need to provide details about your educational background, which include:

• Educational Background: Provide details of post-secondary education, including institutions attended, degrees pursued and achieved GPA, and transcripts.
• Language Proficiency: The average IELTS score for the school is 7.5, with a minimum requirement of 7.0 in each section. The average TOEFL score is 110, with a minimum requirement of 25 in each section. For PTE, the average score is 75, with a minimum requirement of 70 in each section. 
• Test Scores: Submit valid GMAT/GRE scores. The average GMAT score for the class of 2022 at Cambridge Judge Business School is 690. Additionally, for GRE scores, aiming for approximately 78% in Verbal and 71% in Quantitative sections is recommended.
• Professional Experience: While not mandatory, details of work experience are beneficial for assessment.
• Additional Documents: Include a resume, two reference letters, and essays.

6. Bocconi University

Bocconi University, located in Milan, Italy, is internationally acclaimed as one of the best business schools in Europe. Renowned for its strong focus on economics, management, finance, and law, Bocconi offers an exceptional learning environment that aligns closely with the dynamic demands of the global market.

What makes Bocconi distinct is its dedication to social responsibility in business education. It has a firm commitment to sustainability and ethics, fostering a generation of business leaders ready to make a positive impact on society. This ethical dimension provides a unique selling point for Bocconi.

Bocconi offers a wide array of programs, including a Bachelor in International Economics and Management, a Master's in International Management, an MBA, and numerous executive education programs. These programs are designed to prepare students to become effective, responsible leaders in a globalized world.

Why choose Bocconi University?

Choosing Bocconi University is a decision for high ethical standards and responsibility in business education. As one of the best business schools in Europe, the institution is dedicated to promoting sustainability and integrity in business practices. The curriculum at Bocconi prepares its students impeccably for the global business stage, enriched by its strategic location in Milan, a key hub for business and fashion. These factors distinguish Bocconi and makes it an optimal choice for students aiming for prominent business careers.

Admission Process

To start your journey at Bocconi University, you'll need to provide details about your educational background, which include:

• Test Scores: Bocconi University requires GMAT/GRE scores for graduate programs and SAT/ACT scores for undergraduate courses. A minimum GMAT score of 650 and a GRE score of 165 are recommended.
• Educational Background: For undergraduate courses, high school mark sheets are essential, while graduate programs may require a bachelor's degree or equivalent.
• Letters of Recommendation (LORs): Candidates should provide more than 2 LORs, preferably from faculty members related to the field of study.
• Work Experience: While not mandatory, work experience is valued, especially for finance-related programs. It can enhance an applicant's profile.
• Language Proficiency: Proficiency in English is crucial, with a minimum TOEFL score of 100, IELTS score of 7.0, or equivalent Cambridge Assessment Tests.
• Additional Requirements: Submission of a CV and Statement of Purpose (SOP) and ensuring extracurricular achievements are highlighted can strengthen an application to Bocconi University.

7. Imperial College Business School

Imperial College Business School, situated in London, United Kingdom, stands as a beacon of excellence in business education. Renowned for its innovative programs and cutting-edge research, Imperial College Business School consistently secures top positions in global rankings, solidifying its reputation as one of the best business schools in Europe. The school's strategic location within Imperial College London, a top 10 global university known for its expertise in science and technology, fosters a unique blend of business acumen and technological innovation, preparing students to navigate the complexities of the modern business landscape with confidence.

With a diverse range of Master's programs, MBAs, and a newly launched undergraduate program, Imperial College Business School inspires the best minds to become future business leaders. The institution's commitment to driving global business, social transformation, and an entrepreneurial mindset through world-leading research and innovative programs has positioned it as a top choice for students seeking a transformative and impactful business education experience in Europe.

Why choose Imperial College Business School?

Choosing the Imperial College Business School is a strategic choice for those aiming to advance in their academic and professional journey. Recognized as one of the best business schools in Europe, it boasts a unique blend of business curriculums, tech-integration, and forward-thinking ethos. Renowned globally for its association with a leading science and technology school, it presents a multidisciplinary business approach. With varied course offerings, strong industry connection, and customized programs for different career stages, it is indeed an excellent choice for future business leaders.

Admission Process

To start your journey at Imperial College Business School , you'll need to provide details about your educational background, which include:

• Academic Qualifications: Postgraduate applicants usually need a bachelor's degree with a minimum GPA of 3.0 or above.
• English Language Proficiency: For non-native English speakers, a minimum IELTS score of 6.5 or equivalent is generally required.
• Test Scores: GMAT or GRE scores may be required for some postgraduate programs. The average GMAT score for admitted students is typically around 690. The GRE is also accepted, with a recommended score of at least the 65th percentile for the quantitative and verbal sections.
• Work Experience: Some postgraduate programs, especially MBAs, require a minimum of 2-3 years of work experience.

8. IE Business School

With its home in Madrid, Spain, IE Business School is celebrated as one of the best business schools in Europe. Noted for its entrepreneurial culture, innovative methodology, and diverse environment, IE provides an exceptional setting for modern business education.

What sets IE Business School apart is its firm commitment to digital innovation and technology. It has embedded this ethos into its curriculum, teaching students how technology and business intertwine and shape the future of global industries.

IE Business School offers a range of business programs like the International MBA, Master in Management, Master in Finance, and a variety of specialized master's and doctoral programs. These courses are designed to equip students with an entrepreneurial mindset, ready to drive innovation in the digital era.

Why choose IE Business School?

Opting for IE Business School means immersing oneself in a pioneering curriculum that champions entrepreneurial thought, appreciates diversity, and seamlessly integrates digital innovation. Its standing as one of the best business schools in Europe is reinforced by its robust emphasis on digital innovation, a pillar of modern business education. Its multicultural milieu, with students from numerous backgrounds, enhances the overall academic journey. Finally, its position in Madrid empowers students to engage with a rich cultural landscape and build valuable networks in one of Europe's vibrant cities.

Admission Process

Admission requirements for IE Business School, one of the best business schools in Europe, include a combination of academic and professional qualifications. Here are the key points to consider:

• Academic Background: While no specific undergraduate degree is required, a strong background in business, economics, or a related field is preferred.
• Work Experience: Admission to the MBA program requires a minimum of three years of full-time work experience.
• Test Scores: Candidates are required to take either the GMAT, GRE or IE Global Admissions Test (ieGAT). The average GMAT score is 680.
• English Language Proficiency: If English is not your first language, you will need to present an English language certificate such as IELTS, TOEFL, Cambridge Advanced or Duolingo.

9. University of St. Gallen

Situated in Switzerland, the University of St. Gallen has established its reputation as one of the best business schools in Europe. St. Gallen is celebrated for its strong focus on integrative business education, combining theory and practice to prepare students for the complex challenges of the modern business world.

The distinctive feature of St. Gallen University is its integrative approach, promoting a holistic understanding of business, economics, law, and social sciences. It provides a learning environment that fosters analytical thinking and problem-solving skills, setting it apart from other business schools.

The University of St. Gallen offers a wide range of programs including Bachelor's and Master's degrees in Business Administration, Economics, International Affairs, and more. It also provides an MBA program and executive education, ensuring a comprehensive curriculum to suit a variety of career objectives.

Why choose St. Gallen University?

Choosing St. Gallen University offers several advantages, including the opportunity to study in a rigorous academic environment that blends theory with practical knowledge. This educational approach encourages the development of analytical and problem-solving skills. With a multitude of course offerings, students can easily align their academic journey with their career goals. Additionally, its strategic location in Switzerland offers access to an array of international firms, hence providing invaluable networking and internship possibilities.

Admission Process

To get admission to St. Gallen University, here are the key requirements:

• Educational Background: A Bachelor's degree is required.
• Work Experience: Three years of work experience is necessary.
• Test Scores: Applicants need to submit GMAT, GRE, or Executive Assessment scores. The average GMAT score for admitted students is around 680 to 690. The GRE is also accepted, with a recommended score of at least the 65th percentile for the verbal and quantitative sections.
• Language Proficiency: Fluency in English is essential. The MBA program typically requires a minimum TOEFL score of 100 or an IELTS score of 7.5 to ensure candidates can effectively engage with the curriculum conducted in English
• Additional Documents: Submission of a CV and Letters of Recommendation (LORs) is part of the application process.

10. ESCP Business School

Founded in 1819, ESCP Business School is not only one of the oldest but also one of the best business schools in Europe. Located in six European cities—Paris, London, Berlin, Madrid, Turin, and Warsaw—it has earned an honorable mention in our list of the best business schools in Europe.

The school has some significant traits that differentiate it from all the other business schools worldwide. A few of these are an international outlook, innovative approach, academic excellence, and multicultural experience. Students here get to experience diverse learning. Programs like ESCP MIM are renowned around the world.

The uniqueness of ESCP lies in its multi-campus model, providing students with a truly European learning experience. Students have the opportunity to study on different campuses, each offering a unique cultural and business perspective, allowing for a diverse and comprehensive understanding of global business dynamics.

Why choose ESCP Business School?

The ESCP Business School in Europe is the preferred choice for ambitious individuals looking for top-tier business education. With a worldwide reputation for fostering leaders and a tradition of academic excellence, the school has made substantial strides in equipping students with superior skills. It offers an assortment of programs, including MBA and executive MBA degrees, catering to various career phases. The global exposure that ESCP provides, with its international study tours and multicultural student body, is unmatched. Furthermore, strong industry partnerships furnish students with networking avenues, internships, and recruitment opportunities.

Admission Process

To get admission to ESCP Business School, here are the key requirements:

• Educational Background: A 3-year Bachelor’s degree or a Master’s degree from a recognized university is required.
• Test Scores: Submission of GMAT or GRE scores, with specific score requirements varying for each program. The average GMAT score for admitted students in the ESCP Business School MBA program is around 640. GRE scores are also accepted, with a recommended score of at least the 65th percentile for the verbal and quantitative sections. 
• English Proficiency: Proficiency in English demonstrated through tests like IELTS or TOEFL. The average TOEFL score required for admission to ESCP Business School is 100, while the average IELTS score is 7.5.
• Work Experience: 2-3 years of professional experience, with variations based on the degree held.

Tuition Fees For Best Business Schools in Europe

When considering pursuing an MBA from the best business schools in Europe, understanding the tuition fees is crucial for planning your academic journey. Below is a table showcasing the tuition fees for MBA programs at some of the best business schools in Europe:

Why Choose European Business School?

Choosing a top European business school is a smart move for your career. These schools are globally renowned. They consistently rank high in global charts, offering high-quality business education.

Schools like INSEAD, HEC Paris, and London Business School are among the best. They regularly appear in Global MBA Rankings. In 2023, INSEAD was second in the QS World University Rankings. This showcases the high standards of the best business schools in Europe.

Europe is home to leading world economies, which provide immense opportunities for students. Internships, networking, and job prospects are all benefits. Graduates from these top schools see a high salary increase post-MBA, underlining the return on investment.

European business schools offer a range of programs. Full-time, part-time, or executive MBAs have it all. They balance theory and practice, preparing students for real-world challenges. Choosing the best business schools in Europe ensures a robust, impactful learning journey for global success.

Conclusion

Europe's top business schools offer more than just a degree; they provide a transformative educational experience that equips students with the skills, knowledge, and connections to thrive in the global business arena. The multicultural environment, rigorous academic programs, and exceptional faculty at these schools make them among the best choices for anyone aspiring to excel in business.

Remember, choosing the right business school is a significant decision that will shape your future career. As you evaluate your options, consider these best business schools in Europe for their outstanding reputation, curriculum, student support, and career prospects or you can visit MiM-Essay. Your path to success could start at any one of these distinguished institutions.