Affordability · 2026

The cheapest MiM programs in Europe.

European Master in Management programs ranked from lowest tuition upward. Note that fees are shown in each school's local currency, and that low tuition does not always mean low total cost — living costs vary widely by city.

The most affordable Master in Management programmes in Europe, ranked from lowest published tuition upward, with each programme's school and fees.
Rank Program Tuition Profile
1 Aalto University School of Business Espoo, Finland Free (EU)
2 Aarhus University Aarhus, Denmark Free (EU)
3 Copenhagen Business School Copenhagen, Denmark Free (EU)
4 ESB Business School Reutlingen, Germany Free (EU)
5 Goethe University Frankfurt Frankfurt am Main, Germany Free (EU)
6 Lund University Lund, Sweden · FT #47 · Free (EU) Free (EU)
7 Stockholm School of Economics Stockholm, Sweden · FT #9 · Free (EU) Free (EU)
8 University of Cologne Cologne, Germany · FT #37 · Free (EU) Free (EU)
9 TUM School of Management Munich, Germany · FT #54 · €97/semester (EU) + €4,000/semester tuition for non-EU students €97/semester (EU) + €4,000/semester tuition for non-EU students
10 University of Mannheim Business School Mannheim, Germany · FT #28 · No tuition for EU/EEA students + €194/semester student contribution No tuition for EU/EEA students + €194/semester student contribution
11 KU Leuven Brussels, Belgium €1,181.40/year for EEA citizens and €9,493.90/year for non-EEA citizens (KU Leuven's standard 2026/27 fee for a 60-ECTS master) — a one-year, English-taught management master at Belgium's top-ranked university
12 University of Geneva – Geneva School of Economics and Management (GSEM) Geneva, Switzerland CHF 500 per semester (≈CHF 1,500 total) — flat public-university fee, all nationalities
13 ZHAW School of Management and Law Winterthur, Switzerland · FT #58 · CHF 720 per semester Swiss-domiciled (≈CHF 2,160); +CHF 500/semester for students domiciled abroad (≈CHF 3,660) CHF 720 per semester Swiss-domiciled (≈CHF 2,160); +CHF 500/semester for students domiciled abroad (≈CHF 3,660)
14 HEC Lausanne Lausanne, Switzerland · FT #75 · CHF 580 per semester (≈CHF 2,320 total) — flat public-university fee, all nationalities CHF 580 per semester (≈CHF 2,320 total) — flat public-university fee, all nationalities
15 Louvain School of Management Louvain-la-Neuve, Belgium · FT #74 · €1,194/year EU (income-scaled lower; ≈€2,388 total) / €5,369/year non-EEA, public university (2026/27) €1,194/year EU (income-scaled lower; ≈€2,388 total) / €5,369/year non-EEA, public university (2026/27)
16 Solvay Brussels School of Economics and Management Brussels, Belgium · FT #90 · €1,194/year (EU, ≈€2,388 full programme) · €5,369/year (non-EU), 2026/27 €1,194/year (EU, ≈€2,388 full programme) · €5,369/year (non-EU), 2026/27
17 Maastricht University Maastricht, Netherlands · FT #65 · €2,694/year (EU/EEA) · ~€21,500/year (non-EU/EEA), 2026/27 €2,694/year (EU/EEA) · ~€21,500/year (non-EU/EEA), 2026/27
18 Radboud University Nijmegen, Netherlands €2,694/year statutory fee for EU/EEA students and €18,873/year institutional fee for non-EU/EEA students (Radboud's 2026/27 rates) — a one-year, English-taught, AACSB-accredited management master at a Dutch public research university
19 Tilburg University Tilburg, Netherlands €2,694/year (EU/EEA statutory); higher institutional fee for non-EU students — confirm on the school's page (2026/27)
20 Utrecht University Utrecht, Netherlands €2,694/year statutory fee for EU/EEA students and €21,342/year institutional fee for non-EU/EEA students (Utrecht's 2026/27 rates) — a one-year, English-taught, economics-grounded International Management master at a top-100 Dutch public research university
21 WU Vienna University of Economics and Business Vienna, Austria · FT #18 · €726.72/semester (non-EU) €726.72/semester (non-EU)
22 ISCTE Business School Lisbon, Portugal €7,350
23 Politecnico di Milano Milan, Italy · FT #51 · Income-based (ISEE) up to €3,943/year — ≈€7,886 full programme; most international students pay the maximum Income-based (ISEE) up to €3,943/year — ≈€7,886 full programme; most international students pay the maximum
24 Universidad Carlos III de Madrid Madrid, Spain · FT #61 · €9,000 (EU) / €13,500 (non-EU) for the 60-ECTS programme, full-time €9,000 (EU) / €13,500 (non-EU) for the 60-ECTS programme, full-time
25 University of Ljubljana School of Economics and Business Ljubljana, Slovenia · FT #44 · €4,700/year for fee-paying students (≈€9,400 full programme); EU/Slovenian exemptions may apply €4,700/year for fee-paying students (≈€9,400 full programme); EU/Slovenian exemptions may apply
26 SGH Warsaw School of Economics Warsaw, Poland €9,600 (two years, €2,400/semester)
27 University of St. Gallen St. Gallen, Switzerland · FT #1 · CHF 9,987 (full program) CHF 9,987 (full program)
28 Prague University of Economics and Business Prague, Czech Republic · FT #17 · €10,000 (full two-year programme) €10,000 (full two-year programme)
29 Nova School of Business and Economics Lisbon (Carcavelos), Portugal · FT #4 · €11,650 (3-semester base) €11,650 (3-semester base)
30 Corvinus University of Budapest Budapest, Hungary €2,500/sem (EEA) · €3,700/sem (non-EEA)
31 KEDGE Business School Bordeaux & Marseille, France · FT #50 · €16,100 €16,100
32 Católica Lisbon School of Business and Economics Lisbon, Portugal · FT #30 · €16,900 (standard three-semester programme) €16,900 (standard three-semester programme)
33 UPF Barcelona School of Management Barcelona, Spain €18,500
34 Università Cattolica del Sacro Cuore Milan, Italy Non-EU income €9,370/year (≈€18,740 over two years); EU income €6,850/year; Italy-based income €3,800–€11,500/year (income-assessed)
35 Antwerp Management School Antwerp, Belgium €19,900 (excl. VAT)
36 EM Strasbourg Business School Strasbourg, France · FT #45 · €21,000 (two years, €10,500/year; €0 on the work–study/apprenticeship track) €21,000 (two years, €10,500/year; €0 on the work–study/apprenticeship track)
37 Bayes Business School London, UK · FT #65 · £22,000 (UK/Home) / £33,600 (International), full-time £22,000 (UK/Home) / £33,600 (International), full-time
38 University of Groningen – Faculty of Economics and Business Groningen, Netherlands €2,694 (EU/EEA statutory) / €22,200 (non-EU)
39 Vlerick Business School Brussels, Belgium · FT #14 · €22,950 €22,950
40 Dublin City University, DCU Business School Dublin, Ireland €23,000 for non-EU/international students / €12,100 for EU students (2026/27 entry) — a one-year, full-time conversion MSc for non-business graduates at Ireland's triple-crown DCU Business School
41 UCD Michael Smurfit Graduate Business School Dublin, Ireland · FT #33 · €16,150 (EU) / €23,870 (non-EU) €16,150 (EU) / €23,870 (non-EU)
42 University of Amsterdam – Amsterdam Business School Amsterdam, Netherlands €2,694 (EU/EEA statutory) / €24,050 (non-EU)
43 Trinity College Dublin, Trinity Business School Dublin, Ireland · FT #38 · €17,150 (EU) / €24,500 (non-EU) €17,150 (EU) / €24,500 (non-EU)
44 Vrije Universiteit Amsterdam – School of Business and Economics Amsterdam, Netherlands €2,694 (EU/EEA statutory) / €24,830 (non-EU/EEA institutional)
45 Aston University Birmingham, UK £25,500 for international students / £14,000 for UK students (2026 entry) — a one-year MSc at a triple-accredited UK business school, with a guaranteed internship included
46 Rotterdam School of Management, Erasmus University Rotterdam, Netherlands €2,695 (EU/EEA statutory) / €25,800 (non-EU)
47 Loughborough University Loughborough, UK £26,300 for international students / £12,900 for UK students (2026–27) — a one-year MSc at a triple-accredited UK business school
48 IÉSEG School of Management Lille, France · FT #26 · €13,200 per year (≈ €26,400 over the two-year Master cycle) €13,200 per year (≈ €26,400 over the two-year Master cycle)
49 EM Normandie Business School Caen, France · FT #85 · €27,500 (€13,750/year) €27,500 (€13,750/year)
50 EADA Business School Barcelona, Spain · FT #36 · €28,000 tuition, full-time €28,000 tuition, full-time
51 Excelia Business School La Rochelle, France · FT #39 · ~€14,000–€15,000/yr (EU) · ~€14,750–€15,750/yr (non-EU) ~€14,000–€15,000/yr (EU) · ~€14,750–€15,750/yr (non-EU)
52 ICN Business School Nancy, France · FT #67 · ~€14,800 (Year 1) · ~€14,500/yr (Years 2–3) — 2026 ~€14,800 (Year 1) · ~€14,500/yr (Years 2–3) — 2026
53 Henley Business School Reading, UK £29,150
54 University of Bath School of Management Bath, UK £29,500
55 Burgundy School of Business Dijon, France · FT #49 · ~€14,600/yr (Master 1) · ~€15,000/yr (Master 2) — 2026–27 ~€14,600/yr (Master 1) · ~€15,000/yr (Master 2) — 2026–27
56 Hanken School of Economics Helsinki, Finland · FT #60 · Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students
57 Lancaster University Management School Lancaster, UK £30,000
58 University of Birmingham Birmingham, UK £30,330 for international students / £17,460 for UK & Ireland students (2026 entry) — a one-year, QS-ranked MSc Management at a Russell Group, triple-crown business school, open to graduates of any discipline
59 University of Exeter Exeter, UK £31,000 for international students / £18,600 for UK students (2026/27 entry) — a nine- or twelve-month full-time MSc at a Russell Group, triple-accredited business school, with an optional two-year 'with Industrial Experience' placement route
60 Rennes School of Business Rennes, France €31,500
61 TBS Education Toulouse, France · FT #45 · €32,000 €32,000
62 University of Leeds Leeds, UK £32,750
63 Kühne Logistics University Hamburg, Germany €32,800 total (€8,200 per semester) for the 120-ECTS Standard Track; €24,600 for the 90-ECTS Fast Track — private university, all nationalities pay the same
64 University of Strathclyde Glasgow, UK £32,800
65 Montpellier Business School Montpellier, France ~€15,000/yr (Year 1) · ~€16,500/yr (Years 2–3) — 2026–27
66 Alliance Manchester Business School Manchester, UK £33,100
67 Durham University Business School Durham, UK £33,500
68 EBS Business School Oestrich-Winkel, Germany · FT #52 · €33,780 (full programme, 4 semesters / 120 ECTS) €33,780 (full programme, 4 semesters / 120 ECTS)
69 Nottingham University Business School Nottingham, UK £33,800
70 Grenoble École de Management Grenoble, France · FT #20 · From €17,000/year From €17,000/year
71 Luiss University Rome, Italy · FT #32 · €17,000 per year (≈€34,000 over two years), full-time, plus Lazio regional tax €17,000 per year (≈€34,000 over two years), full-time, plus Lazio regional tax
72 University of Edinburgh Business School Edinburgh, UK £34,800 (international) · £24,800 (UK)
73 Frankfurt School of Finance & Management Frankfurt, Germany · FT #62 · €35,500 (full programme tuition) €35,500 (full programme tuition)
74 Cranfield School of Management Cranfield, UK · FT #69 · £35,950 £35,950
75 Audencia Business School Nantes, France · FT #25 · €36,000 (full two-year programme) €36,000 (full two-year programme)
76 ESMT Berlin Berlin, Germany · FT #22 · €36,000 (two years) €36,000 (two years)
77 NEOMA Business School Reims, France · FT #30 · €36,000 total tuition, full-time (plus ~€500/year administrative fee and a €100 application fee) €36,000 total tuition, full-time (plus ~€500/year administrative fee and a €100 application fee)
78 Nyenrode Business University Breukelen, Netherlands €36,450 total (Pre-Master €11,600 + Master €24,850)
79 University of Glasgow Glasgow, UK £36,720
80 SKEMA Business School Lille, France · FT #18 · €37,000 (two years) €37,000 (two years)
81 Università Bocconi Milan, Italy · FT #13 · €18,550/year (≈€37,100 over two years) €18,550/year (≈€37,100 over two years)
82 Esade Business School Barcelona, Spain · FT #24 · €37,500 €37,500
83 ESSEC Business School Cergy, France · FT #10 · €38,500 (Intensive 1yr) – €79,000 (Flexible 2yr Singapore) €38,500 (Intensive 1yr) – €79,000 (Flexible 2yr Singapore)
84 HHL Leipzig Graduate School of Management Leipzig, Germany · FT #46 · €38,500 (total programme) €38,500 (total programme)
85 Warwick Business School Coventry, UK · FT #40 · £38,570 (overseas) / £30,320 (home) £38,570 (overseas) / £30,320 (home)
86 WHU – Otto Beisheim School of Management Vallendar, Germany · FT #22 · €40,400 (120-credit track) €40,400 (120-credit track)
87 King's College London London, UK £40,450 (international)
88 Cambridge Judge Business School Cambridge, UK £42,468
89 UCL School of Management London, UK £42,700
90 London School of Economics and Political Science London, UK £42,900
91 emlyon business school Lyon, France · FT #12 · €44,000 (2 years) €44,000 (2 years)
92 EDHEC Business School Lille, France · FT #14 · €44,700 €44,700
93 Imperial College Business School London, UK · FT #47 · £47,000 £47,000
94 ESCP Business School Paris · Berlin · London · Madrid · Turin · Warsaw, France · FT #7 · €48,600 (EU) – €56,000 (non-EU) €48,600 (EU) – €56,000 (non-EU)
95 IE Business School Madrid, Spain · FT #27 · €51,200 €51,200
96 IESE Business School Madrid, Spain · FT #16 · €52,000 €52,000
97 London Business School London, UK · FT #10 · £52,950 £52,950
98 HEC Paris Jouy-en-Josas, France · FT #2 · €57,700 €57,700
99 INSEAD Fontainebleau, France · FT #3 · €57,870 €57,870
100 Kozminski University Warsaw, Poland · FT #54 · 81,600 PLN full programme (38,800 PLN year 1 + 42,800 PLN year 2), full-time 81,600 PLN full programme (38,800 PLN year 1 + 42,800 PLN year 2), full-time
101 University of Gothenburg Gothenburg, Sweden No tuition for EU/EEA citizens (and Swedish residence-permit holders); 192,000 SEK total (48,000 SEK per semester) for non-EU/EEA students — a two-year, English-taught MSc at a Triple-Crown Swedish business school
102 BI Norwegian Business School Oslo, Norway · FT #88 · NOK 128,200/year for EEA/EU/Swiss students (NOK 256,400 total); ~NOK 166,700/year for non-EEA NOK 128,200/year for EEA/EU/Swiss students (NOK 256,400 total); ~NOK 166,700/year for non-EEA
103 NHH Norwegian School of Economics Bergen, Norway · FT #83 · Free for EEA/EU/Swiss students (≈NOK 910/semester registration fee); NOK 204,000/year (NOK 408,000 total) for non-EEA students Free for EEA/EU/Swiss students (≈NOK 910/semester registration fee); NOK 204,000/year (NOK 408,000 total) for non-EEA students

Common questions

What is the cheapest Master in Management program in Europe?
Among the 103 European MiM programs we profile, the lowest tuition on this list is Aalto University School of Business (free for eligible EU students). Several public universities — especially in Germany and some Nordic countries — charge little or no tuition for EU/EEA students. Fees are shown in each school's local currency and change each cycle, so confirm the current tuition on the school's own page.
Are there free MiM programs in Europe?
For EU/EEA students, some public universities — notably in Germany and parts of Scandinavia — charge no tuition or only a small semester fee for management master's degrees. Non-EU students often pay more, and "free" tuition still leaves living costs, which in a city like Munich or Stockholm can exceed a year's tuition at a cheaper private school. Always check the fee that applies to your nationality and the cost of living in that city.
Does cheaper tuition mean a lower-quality MiM?
Not necessarily. Tuition reflects a school's funding model — public versus private, subsidised versus market-priced — more than its teaching quality. Some low-fee public universities are well regarded; some expensive private schools justify the price with brand, recruiting access and salary outcomes. Weigh tuition against the salary and employment data on each profile, and against the total cost of living, rather than treating price as a proxy for value.
What is the real cost of a MiM beyond tuition?
Tuition is only part of it. Budget for living costs (rent, food, transport, insurance), an application and enrolment fee, the cost of a required test if any, travel for exchanges or experiential modules, and visa or relocation costs. A "cheap" program in an expensive city can cost more all-in than a pricier one in a low-cost town, so compare total cost of attendance rather than the tuition headline alone.
Can I get a scholarship to lower the cost of a European MiM?
Often, yes. Many European business schools offer merit and need-based scholarships, and these are usually allocated on a rolling basis tied to the admission round — so applying early improves both your odds and your funding visibility. External loans (such as those for international students) and government grants can also help. Check each school's funding page, and use our deadline tracker to apply early enough to be in the running.

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