MBA in Sweden for Indian Students 2024: Fees & Colleges

Did you know that Sweden is known for being a leader in innovation and sustainability? 

That’s right! And as an Indian student, pursuing an MBA in Sweden can be a game-changer for your career. 

With world-class universities like Stockholm School of Economics, Uppsala University, and KTH Royal Institute of Technology, you can get a top-notch education that is globally recognised and respected by employers.

Exciting post-graduation opportunities at top Swedish companies like IKEA and Volvo await MBA graduates! 

Studying for an MBA in Sweden also offers the chance to work part-time while you study, gaining valuable experience and offsetting living costs. Pursuing an MBA in Sweden can be a game-changer for Indian students.

Blog Highlights: 

Parameters	Details
MBA Course Length	1-2 Years
English Proficiency Requirements	IELTS: 6.5 or above TOEFL: 90+
Average Tuition Fees for MBA	INR 6.52L to INR 51.8L
Cost of Living	INR 1.5L
Types of MBA	Full-time MBA Part-time MBA Executive MBA
Average Salary	INR 3-9L
Top Recruiters	IKEA, Volvo, Ericsson, H&M, Tetra Pak

Why study for an MBA in Sweden?

As an Indian student, an MBA in Sweden can be a game-changer. 

Here’s why:

• Global Recognition & European Edge: Swedish universities boast world-class MBAs respected by employers globally. Imagine an MBA that opens doors in Europe and beyond!
• Focus on Innovation & Sustainability: Sweden is a leader in innovation and sustainability. Many MBA programs integrate these aspects, giving you a future-proof skillset.
• Strong English & Diverse Environment: English is widely spoken in Sweden, making communication easy. Plus, studying alongside international students creates a rich learning environment.
• Work While You Study: Sweden allows part-time work alongside studies. Gain valuable experience while earning some income to offset living costs (average SEK 23,766 monthly).
• Post-Graduation Opportunities: An MBA can open doors to exciting careers at Swedish powerhouses like IKEA (average MBA grad salary: SEK 400,000-1,000,000 or ₹3-9 lakh INR annually).

MBA in Sweden: Top 10 Universities in Sweden 

Here’s a list of 10 universities in Sweden for MBA programs:

University	QS World Ranking 2024
Lund University	#22
Uppsala University	#22
KTH Royal Institute of Technology	#24
Stockholm University	#52
Chalmers University of Technology	#74
University of Gothenburg	#83
Linkoping University	#96
Umea University	#175
University College of Boras	#479
Karlstad University	#499

Here’s an Overview of the Top 5 Universities in Sweden:

Lund University School of Economics and Management

About: A well-respected university with a historic setting. Offers a strong Executive MBA program.

MBA Course Length: 18 Months (Executive MBA)

MBA Tuition Fees: SEK 380,000 (approx. USD 43,000)

Top 3 MBA Courses:

• Executive MBA
• Master in International Marketing
• Master in Strategic Management

Uppsala University School of Economics

About: A prestigious university known for its well-rounded MBA programs focusing on sustainability and international business.

MBA Course Length: 1.5 – 2 Years

MBA Tuition Fees: SEK 120,000 (approx. USD 13,500) per year

Top 3 MBA Courses:

• Executive MBA
• Sustainable Business MBA
• International Business MBA

KTH Royal Institute of Technology

About: Renowned for its focus on science, technology, and engineering. While they don’t offer a traditional MBA program, they have Master’s programs in business and management with a technological bent.

MBA Course Length: 1 Year (Full-Time), 2 Years (Part-Time)

MBA Tuition Fees: SEK 200,000 – 300,000 (approx. USD 22,500 – 34,000) per year (varies by program)

Top 3 Business & Management Programs:

• Master of Science in Management, Economics, and Law
• Master of Science in Industrial Engineering and Management
• Master of Science in Entrepreneurship and Innovation

Stockholm University School of Business

About: It provides a part-time Executive MBA program designed for working professionals in Sweden’s capital city.

MBA Course Length: 1 Year (Full-Time), 2 Years (Part-Time)

MBA Tuition Fees: SEK 438,000 (Full-Time), SEK 292,000 (Part-Time) (approx. USD 49,000 & USD 33,000)

Top 3 Business & Management Programs: Executive MBA, SSE MBA, SSE Riga MBA

MBA in Sweden: Documents Required

• Academic Transcripts: Proof of your educational background (school and college transcripts) translated into English.
• English Language Proficiency: Test scores like TOEFL (90+), and IELTS (6.5-7.0), to demonstrate English language skills.
• Standardised Tests (Optional): GMAT (600)/GRE (300) scores might be required by some universities for specific programs.
• Financial Documents: Bank statements or loan documents proving sufficient funds for living expenses.
• Visa Documents: These are the required documents for your student visa application.
• Additional Application Materials:
  • Statement of Purpose (SOP) or Motivation Letter explaining your educational goals.
  • Essays or Academic Statements showcasing your academic achievements.
  • Resume or CV highlighting your qualifications and experience.
  • Letters of Recommendation (LORs) from professors or employers (optional for some universities).
  • Visa Letter (if applicable).

MBA in Sweden: Semester System 

Sweden’s unique academic calendar revolves around a semester system. Each semester is a focused 20-week sprint, with two semesters making up an academic year. 

The fall semester kicks off in August and runs till January, while the spring semester takes over from January and concludes in June.

For aspiring MBAs, Sweden offers a diverse selection of postgraduate degrees beyond the typical Master’s programs. 

Here’s the breakdown:

• Masterexamen (Master’s Degree): This two-year program is awarded by research universities and provides a deep dive into a specific business field.
• Magisterexamen (Magister Degree): This one-year program, offered by most universities, is more akin to a concentrated master’s certificate program.
• Executive MBA Programs: These part-time programs cater to working professionals and typically last several months, with one intake per year around October.

MBA in Sweden: Cost of Studying 

The cost of studying for an MBA in Sweden can vary depending on the university and program you choose. 

Here’s a breakdown: 

• Tuition fees: Range from ₹8,50,000 to ₹64,50,000 per year.

Total: To estimate the total cost, you must consider the program duration (typically 1-2 years for a full-time MBA). So, the total cost could range from around ₹17,00,000 to ₹153,00,000  for the entire program, along with living expenses.

Cost of Living in Sweden

Parameters	Details
Monthly Cost (without rent)	INR 75k
Accommodation	INR 80k
Basic Utilities	INR 9k
Transportation (monthly pass)	INR 7k

MBA in Sweden: Scholarships 

Limited University Scholarships:

Here are some universities with known scholarship programs:

Scholarship	Awarded By	Benefit Value
SSECMBA Scholarship	Stockholm School of Economics	The full tuition fee of SEK645,000+VAT
Lund University Global Scholarship	Lund University	SEK 20 million each year
KTH India Scholarship	KTH Royal Institute of Technology	Tuition fees for 2 years

International Scholarships (Open to All Nationalities):

These scholarships are a great option to explore, with eligibility based on merit and specific program requirements. 

Some options include:

• The Swedish Institute Study Scholarships 
• The Visby Programme Scholarships
• Open Society Foundation Fellowships and Scholarships
• Rotary International District and Global Grants

Some scholarships provided by universities for MBA and Master’s Programmes include:

• Swedish Institute Study Scholarships
• The Visby Programme Scholarships
• Blekinge Institute of Technology Scholarship Programme
• University of Borås Tuition Fee Waivers
• Chalmers IPOET Scholarships
• The University of Gothenburg Study Scholarship
• Halmstad University Scholarships
• Karlstad University Global Scholarship Programme
• Karolinska Institutet Global Master’s Scholarship
• Kristianstad University Scholarships

Remember: Securing scholarships often involves strong academic records, relevant experience, and a well-crafted application.

Job: During and Post-Study 

Boost Your Career During Your Studies:

• Part-Time Work: International students in Sweden can legally work part-time alongside their studies. Universities often support this through career services and job fairs.
• Career Fairs: Find fairs like Uniaden, EEE-days, Handelsdagarna, and CHARM to connect with potential employers.
• Internships: Gain valuable experience through internships with companies like Ericsson, IKEA, Volvo, and H&M. Explore opportunities through AIESEC, IAESTE, Academic Work, and Student Consulting.

Polish Your Skills and Get Hired After Graduation:

• Learn Swedish: While English is widely spoken, fluency in Swedish gives you a significant edge in the job market.
• Work Permit: To work in Sweden after graduation, extend your residence permit and apply for a work permit once you have a job offer.
• Trade Unions: Consider joining SACO, TCO, or LO for help with CV creation, salary negotiations, and workplace issues.

Average Salary of an MBA graduate in Sweden

An MBA from Sweden opens doors to various career paths. 

Graduates typically earn between 400,000 SEK and 1,000,000 SEK annually, translating to roughly 3 to 9 lakh rupees annually for Indian citizens.

You could find yourself as a director or manager leading marketing teams, analysing finances, or managing human resources at renowned companies like IKEA, H&M, Volvo, and Tetra Pak. 

Here’s an Overview of Career Prospects and Average salary: 

Profession	Salary for Indian Students
Chief Executive Officer	INR 12.2L
Senior Product Manager	INR 6.67L
Marketing Director	INR 6.70L
Financial Analysts	INR 4L
Marketing Manager	INR 3.75L

Other Affordable Universities

Here’s a list of 5 universities in Sweden with generally lower tuition fees for MBA programs:

• Uppsala University School of Economics:
  MBA Fees: SEK 120,000 per year 
• Karlstad University Business School:
  MBA Fees: Estimated to be below USD 20,000 per year based on average tuition fees for their programs.
• Blekinge Institute of Technology:
  MBA Fees: SEK 220,000 
• University of Gävle – School of Business, Economics and Law:
  MBA Fees: Range of SEK 150,000 – SEK 200,000 
• Linnaeus University School of Business and Economics:
  MBA Fees: SEK 180,000 and SEK 250,000 

Important Note:

• Tuition fees can still vary depending on the specific MBA program you choose within these universities.
• Always contact the admissions office of each university for the most current information on fees and potential scholarships (especially for Indian students).

Wrapping It Up

An MBA in Sweden unlocks a world of possibilities for Indian students. Renowned universities like the Stockholm School of Economics offer globally respected degrees. 

Sweden’s focus on innovation and sustainability is woven into many MBA programs, equipping graduates with cutting-edge skills. 

Working part-time eases financial burdens and offers valuable experience. 

Plus, post-graduation, exciting careers at industry giants like IKEA and Volvo await – Sweden can be the launchpad for your stellar business career.

MBA programs can be demanding, but our app can help you stay on track. Our expert guidance is tailored specifically to MBA students, so give us a try and see the difference it can make. 

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