How much should I budget each month for living costs while doing an MBA in Denmark?
Monthly living costs for an MBA student in Denmark add up quickly. Approximate figures are DKK 4,000 to 8,000 for accommodation, DKK 2,000 to 3,500 for food, DKK 300 to 700 for transport, DKK 500 to 1,000 for utilities and internet, and DKK 1,000 to 2,000 for personal expenses.
Denmark has a relatively high cost of living, and your monthly spending will depend mostly on where you live. Accommodation is the largest item at roughly DKK 4,000 to 8,000 (approx INR 58,240 to 1.16 L) per month, and Copenhagen usually needs a bigger accommodation budget than smaller cities such as Kolding or Aarhus.
Approximate Monthly Costs
| Expense category | Approximate monthly cost |
|---|---|
| Accommodation | DKK 4,000 to 8,000 (approx INR 58,240 to 1.16 L); CBS estimates about DKK 95,000 (approx INR 13.83 L) a year for housing |
| Food | DKK 2,000 to 3,500 (approx INR 29,120 to 50,960) |
| Transportation | DKK 300 to 700 (approx INR 4,368 to 10,192) |
| Utilities and internet | DKK 500 to 1,000 (approx INR 7,280 to 14,560) |
| Personal expenses | DKK 1,000 to 2,000 (approx INR 14,560 to 29,120) |
Putting It Into a First-Year Budget
- Tuition is only one part of the total cost of an MBA in Denmark.
- For a premium full-time MBA such as the one at CBS, a first-year budget can easily go above INR 65 lakh once tuition, accommodation and daily expenses are added.
- Executive programmes can cost even more in tuition, but they are structured for professionals who may keep working.
My Advice
Add up all five categories for your chosen city and multiply by twelve, then add tuition. Copenhagen is the most expensive option, so compare it with smaller cities if budget is tight. Keep a buffer for one-off costs, since these monthly figures are approximate.
This information is available on: cbs.dk
How much will a month in Denmark cost you?
Rent, food and travel. A real monthly budget, city by city.
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