MBA in Sweden is a 1-2 year long full-time program preparing students for managerial positions. The admission requirements for MBA in Sweden for international students are a complete Bachelor's degree, corresponding to a Swedish Bachelor's degree (180 ECTS), or equivalent academic qualifications from an internationally recognised university, a minimum of 3-5 years of professional work experience and an IELTS score of 6.5 or above or TOEFL score of 90+.
MBA in Sweden is free for Swedish, Swiss and European Union students. However, the top universities in Sweden charge a tuition fee of around SEK 81,200 to 645,000 (6.52 lakhs to 51.80 lakhs INR) for international students. After completing the degree of MBA in Sweden one can work as a Marketing Director, Financial analyst, Marketing Manager, and Human Resource Manager with companies like IKEA, H&M, Volvo, and Tetra Pack. Graduates can earn an average annual salary of 4,00,000 SEK- 10,00,000 SEK (3-9 Lakh INR).
MBA in Sweden: Course Highlights
| Program | MBA |
| Program Type | Full-time |
| Program Duration | 1-2 Years |
| Eligibility Criteria | A Bachelor's degree or higher |
| English Proficiency Requirements | IELTS: 6.5 or above | TOEFL: 90+ |
| Tuition Fee Range | SEK 81,200 to 645,000 (6.52 lakhs to 51.80 lakhs INR) |
| Average Salary | 4,00,000 SEK- 10,00,000 SEK (3-9 Lakh INR) |
| Top Employers | IKEA, Volvo, Ericsson, H&M, Tetra Pack |
MBA in Sweden: Top Universities
MBA in Sweden available in colleges cover a wide range of topics, from general management to specialized fields like sustainability, entrepreneurship, and finance. Following are some of the top universities offering MBA in Sweden and their respective tuition fee and application deadlines:
| University | Program | Duration of the Program | Deadlines | Total Tuition Fees (SEK) |
|---|---|---|---|---|
| Mid Sweden University | MBA in Marketing and Management | 1 year | 15 January 2024 (Closed) | 81,200 |
| Stockholm School of Economics | Executive MBA | 1.6 Years | April 30, 2024 OR
September 6, 2024 |
645,000 |
| University of Gavle | MBA in Business Management | 1 Year | 15 April 2024 | 112,000 |
| Stockholm University | Executive MBA | 2 Years | 30 April 2024 | 225,000 |
| Gothenburg University | Executive MBA | 1.9 Years | Rolling Basis | 262,500 |
Why study an MBA in Sweden?
- Sweden's economy is strong, with a low unemployment rate and a good standard of living. Sweden is one of the richest nations in the globe, with a GDP per capita of $54,381, according to the World Bank. Additionally, the nation is home to numerous prosperous multinational corporations, such as IKEA, Volvo, and Ericsson, which presents numerous possibilities for MBA graduates.
- The demand for MBA graduates in Sweden is anticipated to increase by 8% over the next five years, with a focus on graduates with experience in fields like finance, marketing, and sustainability, according to statistics from the Swedish Agency for Economic and Regional Growth.
- According to QS World University Rankings 2023, two Swedish universities are among the top 150 universities worldwide for business and management studies.
Planning to study in Sweden? Check out the fees, scholarships, salary and more, here:
MBA in Sweden: Admissions
Depending on the school and institution, different qualifications are needed for admission to MBA in Sweden. Nevertheless, the majority of schools demand a bachelor's degree in a pertinent subject, like business, economics, or engineering. A minimum of two to three years of work experience, ideally in a management or leadership position, is also required for many programmes. English language proficiency is also required, and applicants may need to submit TOEFL or IELTS scores. In addition to these requirements, applicants may be required to submit letters of recommendation, a personal statement, and a resume.
MBA in Sweden: Eligibility Criteria
Admission requirements for MBA programs in Sweden may vary depending on the university and program. However, most universities require applicants to meet the following criteria:
- Academic Degree- A completed Bachelor's degree, corresponding to a Swedish Bachelor's degree, or equivalent academic qualifications from an internationally recognized university
- English Proficiency Test Score- IELTS: 6.5 or above, TOEFL: 90+
- Statement of Purpose (SOP)- Applicants must submit a personal statement outlining their motivation for applying to the program, their career goals, and how the program will help them achieve those goals.
- Letters of Recommendation (LOR)- Applicants must submit at least two letters of recommendation from professional or academic references who can speak to their qualifications for the program.
- Experience- A minimum of 3-5 years' relevant professional experience if required.
Explore: Exams to study in Sweden
MBA in Sweden: Admission Requirements
The following section displays the admission requirements for MBA in Sweden set by some of the top universities and the additional documents required to get through the application process:
| University | Academic Requirement | IELTS Score | Additional Documents |
|---|---|---|---|
| Mid Sweden University | Degree of Bachelor (at least 180 credits/180 ECTS) with 90 Credits (90 ECTS) in Business Administration or corresponding education and Introductory statistics, 15 Credits (15 ECTS), or corresponding course. | 6.5 or above | Transcript(s), Certificates and diplomas of your completed degree(s) from an internationally recognised higher education institution. |
| Stockholm School of Economics | A Bachelor's degree or higher. A minimum of five years' relevant professional experience. | 6.5 or above | CV, Transcript(s), High resolution digital photo, 2 LOR |
| University of Gavle | A completed Bachelor's degree, corresponding to a Swedish Bachelor's degree (180 ECTS), or equivalent academic qualifications from an internationally recognized university . | 6.5 or above | CV, SOP, 2 LOR, Transcript(s) |
| Stockholm University | A Bachelor's degree or higher. A minimum of five years' relevant professional experience. | 6.5 or above | CV, SOP, 2 LOR, Transcript(s) |
| Gothenburg University | Bachelor’s degree At least 3 years of managerial experience. | 6.5 or above | CV, SOP, 2 LOR, Transcript(s) |
Explore: Sweden University Admissions
MBA in Sweden: Cost of study
The cost of studying for an MBA in Sweden varies depending on the university and the program. Students must also take into account the cost of living in Sweden in addition to tuition costs. Numbeo estimates that the expense of living in Stockholm is 56% more expensive than that in Lisbon and is 35% more expensive than that in Berlin. The high standard of living and robust social welfare system in Sweden, though, may help to offset some of the higher expenses.
MBA in Sweden: Tuition Fees
The following section shows the estimated total tuition fee for pursuing MBA in Sweden at top universities and their equivalent price in Indian Rupees (INR):
| University | Total Tuition Fees (SEK) | Fee for Indian Students (INR) |
|---|---|---|
| Mid Sweden University | 81,200 | 6.52 lakhs |
| Stockholm School of Economics | 645,000 | 51.80 lakhs |
| University of Gavle | 112,000 | 8.99 lakhs |
| Stockholm University | 225,000 | 18.07 lakhs |
| Gothenburg University | 262,500 | 21.08 lakhs |
Cost of living in Sweden
While the cost of living in Sweden is lower than 79% of Western European nations, it is nearly 170% higher than India. In addition to pre-arrival expenses and tuition, students must pay for expensive transport and lodging expenses while in Sweden. The cost of living in Sweden differs depending on the area, size of the home, meals, and other individual preferences and costs. The travel costs that the student must pay depend on how far off-campus housing is from the institution.
| Expense Type | Cost per month (SEK) | Monthly cost equivalent (INR) |
|---|---|---|
| Rent | 10,468 | 84,080 |
| Utilities | 1,053 | 8,457 |
| Meal | 10,800 | 86,747 |
| Transportation | 845 | 6,787 |
| Mobile Phone and Internet | 600 | 4,819 |
| Total | 23,766 | 1.90 lakhs |
MBA in Sweden: Scholarships
MBA programs in Sweden can be expensive, and many students require financial assistance to cover their tuition fees and living expenses. Fortunately, there are several scholarships and financial aid options available to MBA students in Sweden. The following section shows the scholarships offered by the universities in Sweden:
| Scholarship | Awarded by | Eligibility | Award Value |
|---|---|---|---|
| SSE MBA Scholarship | Stockholm School of Economics | A Bachelor degree, a proven high level of English proficiency and a minimum of five years relevant work experience | Full tuition fee of SEK 645,000 + VAT |
| Lund University Global Scholarship | Lund University | Merit-based scholarship to students from outside the EU/EEA. | SEK 20 million each year. |
| KTH India Scholarship | KTH Royal Institute of Technology | Fee-paying student and have applied for a master's programme at KTH as your first priority. You must also be an Indian citizen who has completed your undergraduate programme in India. | Tuition fees for 2 years |
MBA in Sweden: Job Opportunities
Sweden is known for having a strong economy and a high standard of living, which can lead to good job opportunities for MBA graduates. The country is home to many successful multinational companies, particularly in the technology, engineering, and pharmaceutical industries.
| Profession | Average Annual Salary (SEK) | Salary for Indian Student (INR) |
|---|---|---|
| Chief Executive Officer | 1,321,634 | 12.29 Lakh |
| Senior Product Manager | 718,113 | 6.67 Lakh |
| Marketing Director | 720,740 | 6.70 Lakh |
| Financial Analysts | 425,481 | 3,95 Lakh |
| Marketing Manager | 402,707 | 3,74 Lakh |
Explore: Jobs for International Students in Sweden
MBA in Sweden: Return on Investment
When considering studying in Sweden, it is important to calculate the Return on Investment (ROI) which will help international students to make an informed choice. Here is the table presenting the total annual tuition fees of the top universities in Sweden for an MBA, along with the average graduate salary per year.
| University | Annual Total Tuition Fee (SEK) | Average Graduate Salary Per Year (SEK) |
|---|---|---|
| Mid Sweden University | 81,200 | 773,000 |
| Stockholm School of Economics | 645,000 | 723,000 |
| University of Gavle | 112,000 | 722,000 |
| Stockholm University | 225,000 | 624,000 |
| Gothenburg University | 262,500 | 660,000 |
MBA in Sweden: Degree Comparison
MBA in Sweden vs in Canada
| Parameter | Degree in Sweden | Degree in Canada |
|---|---|---|
| Duration | 1-2 Year | 1-2 Year |
| Average tuition fees | SEK 81,200 to 645,000 (6.52 lakhs to 51.80 lakhs INR) | 35,000(CAD)-70,000(CAD) (21-42 Lakhs INR) |
| Cost of living |
SEK 23,766 (1.90 lakhs INR) |
1430 CAD (87,000 INR) |
| Visa | Residence Permit or Sweden Study Visa | Study Permit |
| Average salary | 4,00,000 SEK- 10,00,000 SEK (3-9 Lakh INR) | 65,000 CAD- 105,000 CAD (39-63 Lakh INR) |
| English language proficiency tests | IELTS: 6.5 or above TOEFL: 90+ | IELTS: 6.5 or above TOEFL: 92+ |
Students looking to advance their careers in a dynamic and innovative nation have a great chance with MBA in Sweden. The country appeals to international students due to its robust economy, robust employment market, and high standard of living. Students can choose the programme that best suits their needs and job objectives from a variety of programmes and scholarships available. After completing the degree of MBA in Sweden one can work with companies like IKEA, H&M, Volvo, and Tetra Pack and earn an average annual salary of 4,00,000 SEK- 10,00,000 SEK (3-9 Lakh INR).
FAQs
Ques.Is MBA free in Sweden for Indian students?
Ans. Swedish education is free for Swedish, Swiss and European Union students only. Each university sets its own cost for other international students including Indian Students, but the average annual cost of studying MBA in Sweden ranges between SEK 81,200 to 645,000 (6.52 lakhs to 51.80 lakhs INR).
Ques.How much can an MBA graduate in Sweden earn?
Ans. After completing the degree of MBA in Sweden one can work as a Marketing Director, Financial analyst, Marketing Manager, Human Resource Manager with companies like IKEA, H&M, Volvo, Tetra Pack and earn an average annual salary of 4,00,000 SEK- 10,00,000 SEK (3-9 Lakh INR).
Ques.What is the cost of an MBA program in Sweden?
Ans.The cost of an MBA program in Sweden can vary depending on the school and program you choose. However, in general, annual tuition fees for MBA programs in Sweden can range from SEK 81,200 to 645,000 (6.52 lakhs to 51.80 lakhs INR) and the monthly living cost in Sweden is around SEK 23,766 (1.90 lakhs INR).
Ques. What are the admission requirements for an MBA program in Sweden?
Ans. Admission requirements for an MBA in Sweden vary depending on the school and program you choose. However, most programs will require a bachelor's degree, a minimum of 3-5 years of work experience, and proficiency in English like an IELTS score of 6.5 or above.
Ques. What are the job prospects for MBA graduates in Sweden?
Ans. Graduates of MBA in Sweden can expect good job prospects, particularly in industries like technology, engineering, and pharmaceuticals. Many multinational companies like IKEA, H&M, Tetra Pack, Volvo and startups in Sweden may offer job opportunities to MBA graduates.
Comments