Some of the most impressive and historically significant architectural works are found in Italy. The iconic Vatican is located in the city of Rome. Every institution, whether it be Italian business schools or MBA programs, has a reputation for drawing in foreign students. Consequently, if you intend to pursue an MBA in Italy, you have chosen well. Italian MBA programs give students a great introduction to the world's shifting business environment.
There are several opportunities for business and management students to learn from business and management professionals and explore other possibilities after completing MBA courses in Italy because the nation is home to many global brands. Italy has long highlighted the importance of entrepreneurship in the growth of a modern economy.
You can read more about MBA programs in Italy, including details on schools and institutions, tuition prices, cost of living, and other important data, below.
Why Study for an MBA In Italy?
Italy is renowned for its schools of art and design. However, due to its top-notch educational facilities and affordable MBA programs, Italy is also a good choice for earning an MBA degree. Some justifications for studying in Italy include:
The typical tuition for Indian students doing an MBA in Italy is about 30,000 EUR/Rs 25,21,471 per year. For overseas students, certain business schools in Italy demand higher tuition rates that average around 48,000 EUR/Rs 40,34,355 per year. You must remember, nevertheless, that a business school with a high tuition charge is better than one with a cheap price. The cost of an MBA is often fairly affordable in Italy.
Even though many Italian institutions are centuries old, they continue to provide the top business programs. Like Pavia University, which is the oldest of all. It was established in 1361 and is renowned for creating and providing courses of the highest caliber. The MBA program is very popular due to the university's reputation. English is the primary language of teaching at all accredited MBA programs, making it simple for Indian students. For admission to their MBA programs, several of the top colleges do not require IELTS or TOEFL results.
Italy's Top Universities for MBA Study
These are Italy's best MBA schools. Additionally, you'll get a brief overview of each institution that offers an MBA to overseas students in Italy.
- MIP Politecnico Di Milano
- LUISS Business School
- Università di Pisa
- Bologna Business School
- SDA Bocconi School of Management
- Below is the brief of each Institute offering an MBA in Italy:
MIP Politecnico Di Milano
MIP is the Business School of the Politecnico di Milano, one of the top institutions for science and technology in the world. For more than 40 years, MIP has offered management training programs to graduates, professionals, businesses, organizations, and governmental entities. MIP is a non-profit consortium limited company that was established in 1979 as a result of a partnership between the Politecnico di Milano and other illustrious Italian organizations and businesses. The institution provides a full-time, part-time, executive, and online MBA.
LUISS Business School
As the first business school to get the EQUIS certification for its high-quality business education, Luiss Business School was founded in 1986. The curriculum, which is meant to be a learning journey, has equipped the students to lead change in their businesses. The School wants to be recognized as a university that combines strong teaching requirements with pertinent scholarly and applied research. It takes a different approach and combines it with problem-solving and an entrepreneurial attitude to produce a vision that is nourished by critical thinking.
Università di Pisa
The oldest public university in Italy is the Università di Pisa, which was established in 1343 but has been operational since the eleventh century. The founder of modern science, Galileo Galilei, Nobel Prize winners Enrico Fermi and Carlo Rubbia, as well as well-known figures like poet Giosuè Carducci, are also graduates of the institution.
Bologna Business School
The oldest business school in the world was founded by the University of Bologna. A unique learning opportunity with Italian "industry champions" is provided by the academic transdisciplinary and practice-oriented approach, notably in the fields of luxury, automation & robotics, sustainability, and automotive. An international advisory board provides strategic oversight for the course design, and mixed teams made up of academics, practitioners, and international socioeconomic stakeholders provide daily feedback.
SDA Bocconi School of Management
The 'Università Bocconi guarantees academic excellence and tradition at the SDA Bocconi School of Management, which was established in 1971 and has approximately 40 years of experience in business education in Italy. Milan, a vital hub for business, finance, the arts, and, most crucially, fashion, is where the institution is situated.
Overview Of Admission Process, And Eligibility Criteria For MBA In Italy
International students must satisfy specific requirements to apply for admission to any Italian university or business school. Students should fulfill the requirements listed to guarantee a simple admissions procedure.
Candidates for an MBA must earn a bachelor's degree, or its equivalent, from an accredited institution with the necessary grade point average.
In addition to submitting a valid GMAT or GRE score, many institutions may additionally ask for
- Proof of work experience, which can range from one to three years, depending on the institution.
Provide a statement of intent - and Letters of Recommendation (LORs) (SOP).
- Scores of the TOEFL, IELTS, C1 and PTE Academic Language Proficiency updated on CV/Resume (English or Italian)
Documents Required Applying For MBA In Italy
These documents must be submitted to apply for admission to MBA programs in Italy.
- Candidate's proof of identity
- Transcripts for bachelor's degrees, certified
- Transcripts from higher education certificates
- Transcripts and certificates of secondary education
- Graduate certificates
- Certificates of English proficiency and a letter of recommendation
- Purpose statement
- Certificates of employment
Application Process Of MBA Programs In Italy
To finish the application procedure for an MBA in Italy, please follow these steps:
- Decide the MBA program you wish to enroll in.
- Verify and fulfill every entrance criterion.
- Find out how well you speak a foreign language.
- Amass financial documentation as proof
- Submit a request for admission
- To your academic history
- Describe your current job situation.
- If there are any scholarships, mention them.
- The application fee must be paid
Cost Of Studying MBA In Italy
In comparison to the majority of European countries, the total cost of an MBA in Italy for Indian students is low. Tuition, pre-arrival expenditures, and living expenses are all included in the cost of studying in Italy. Below is the list of the MBA in Italy cost.
- The average cost of an MBA program is around EUR 19000–30000 per year, which is equivalent to approximately Rs. 1601168–2528160 per year.
- The annual cost of lodging is around 700–800 euros, which is equivalent to 58,000–60,000 rupees.
- The cost of food is around EUR 150 per year or roughly Rs. 12640 per year.
- The annual transportation cost is around 250 EUR, which is equivalent to 21,068 Indian rupees.
- Miscellaneous costs are around EUR 30–40 per year, which translates to approximately Rs. 2528 per year.
MBA In Italy With Scholarship
Students are provided with scholarships based on their academic records and work experience. Every college has a different set of conditions for its scholarships. Scholarship opportunities may be available to students with remarkable merit. The list of MBA programs in Italy with scholarships is below.
Forté Fellows Program
This initiative, called the Forté Fellows Program, is specifically for MBA programs that give fellowships to women. There are scholarships available for 26,000 EUR/Rs 2183157.
LUISS Business School
LUISS Business School: Three partial scholarships, each paying 25% of the tuition cost (24,000 EUR/Rs. 2015222), are available.
University of Bologna for International Students
Study Grants at the University of Bologna for International Students in First, Single, and Second Cycle Degree Programs
Three study scholarships for 11059 EUR/Rs 928597 (Unibo Action 2) and the entire tuition amount of 20,000 EUR/Rs 1679352 are available for the First Cycle and Single Cycle degree programs (Unibo Action 1) and the Second Cycle degree program: 15 Unibo Action 2 study scholarships for EUR 11.059 each, as well as 80.000 EUR/Rs 6717 in complete tuition cost exemptions (Unibo Action 1)
Durham University's Business School
Durham University's Business School is offering master's international scholarships that can save students up to 7500 euros or Rs. 629757 on tuition.
VISH International School
Up to 100 EUR/Rs 8404. 5 Scholarships in the first year alone and up to 50% Scholarship for Tuition.
Career Scope After MBA Courses In Italy
There are several career opportunities in Italy or India for international students who want to stay there after graduation. However, to work for Italian businesses, people must enhance their English and Italian language abilities. Numerous well-known Italian companies, like Ferrari, Lamborghini, Unicredit, Atlantia, and others recruit recent MBA graduates with competitive salaries.
The Italian government also permits international students to work more than 20 hours a week. Internships on student visas from Italy are limited to 4 hours per day. Italian businesses use interns regardless of their prior professional experience. Interns get 500 to 1000 EUR each month (about 41,000 and 83,000 Indian rupees).
According to the student's chosen major, there are many career options accessible. Business Analyst Risk Management Leader Product Manager HR are a few job alternatives.
- A lawyer and paralegal makes around EUR 45,340 or Rs 38,07,091 each year.
- Project management makes about 42,660 EUR or Rs. 35,82,058 each year.
- A consulting expert makes around 52429 EUR or Rs. 41,74,474 each year.
- The annual compensation for business development is around 83,517 EUR or Rs. 70,12,723
So here was everything you needed to know about MBA in Italy. So begin the application procedure and prepare to start a new chapter in your life.
Conclusion
Italy is home to some of the most stunning and historically significant architectural creations. The city of Rome is home to the famous Vatican. Every university has a reputation for luring international students, whether they are Italian business schools or MBA programs. As a result, if you choose to study for an MBA in Italy, you have made a wise decision. Students who enroll in Italian MBA programs get a great introduction to the global business environment.
After completing MBA courses in Italy, because the country is home to many international brands, business, and management students have a variety of opportunities to learn from business and management experts and explore alternative options. Italy has traditionally emphasized the role that entrepreneurship plays in the development of a modern economy.
