
School of Business and Economics, Maastricht University charges Indian and other non-EU students EUR 13,200 (INR 12.28 Lakhs) per year for its four English-taught Bachelor programmes and EUR 21,500 (INR 20.00 Lakhs) per year for its Master programmes, with MSc International Business, MSc Financial Economics and MSc Business Intelligence and Smart Services among the most-applied specialisations from India.
The realistic entry point for an Indian applicant planning now is the September 2027 intake, with a non-EU Masters deadline of 1 May 2027 and a BSc International Business (numerus fixus) deadline of 15 January 2027. A February 2027 pre-master’s intake also exists for a limited set of programmes, with its non-EU deadline on 1 November 2026.
A one-year MSc from SBE Maastricht works out to approximately INR 32-33 Lakhs for the first year all-in, including tuition, 12 months of Maastricht living costs and mandatory Dutch student health insurance. A 3-year Bachelor totals roughly INR 66-70 Lakhs across all three years for an Indian applicant. Exchange rate used throughout: 1 EUR = INR 93 (xe.com, day of publication).
September 2027 Intake: Planning Window Open
Intake: September 2027 is the main path with a non-EU Masters deadline of 1 May 2027 and a BSc International Business (numerus fixus) deadline of 15 January 2027. February 2027 is pre-master’s only, non-EU deadline 1 November 2026. September 2026 is effectively closed for new Indian applicants because MVV entry visa processing needs 2 to 4 months.
Fee update: The last officially published non-EU rate (2025-26) is EUR 13,200 (INR 12.28 Lakhs) BSc and EUR 21,500 (INR 20.00 Lakhs) MSc. The 2027-28 rate that will apply to the September 2027 intake is expected in summer 2027; budget a 2 to 4 percent increase, roughly EUR 22,150 (INR 20.60 Lakhs) for MSc.
When to pay: EUR 100 (INR 9,300) handling fee at application; full tuition due before registration in August 2027. Instalment mechanics and payment methods are in the Payment section below.
Scholarships: NL-High Potential Scholarship applications for September 2027 open in October 2026 with an internal deadline of 1 February 2027. External Indian awards (Inlaks, JN Tata Endowment) open December 2026 with early-2027 deadlines.
→ SBE Maastricht Admission Requirements and Deadlines for Indian Students
Table of Contents
Maastricht sets a single non-EU institutional rate per degree level, so every SBE Bachelor charges EUR 13,200 (INR 12.28 Lakhs) per year and every SBE Master charges EUR 21,500 (INR 20.00 Lakhs) per year at the last officially published 2025-26 rate. This makes cross-programme cost comparison simple: pick the programme that fits your goal, not the one that saves fees.
| Bachelor Programme | Annual Tuition (Non-EU) |
|---|---|
| BSc International Business (numerus fixus, 875 seats) | EUR 13,200 (INR 12.28 Lakhs) |
| BSc Economics and Business Economics | EUR 13,200 (INR 12.28 Lakhs) |
| BSc Fiscal Economics | EUR 13,200 (INR 12.28 Lakhs) |
| BSc Econometrics and Operations Research | EUR 13,200 (INR 12.28 Lakhs) |
Note: All SBE Bachelors are 3-year, English-taught programmes and share one EUR 100 (INR 9,300) application handling fee, refundable after enrollment minus bank charges. Source: Maastricht University Tuition Fee Guide.
| Master Programme | Duration | Annual Tuition (Non-EU) |
|---|---|---|
| MSc International Business (multiple specialisations) | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Financial Economics | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Business Intelligence and Smart Services | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Global Supply Chain Management and Change | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Sustainability Science, Policy and Society | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Digital Business and Economics | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Econometrics and Operations Research | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Human Decision Science | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Economics | 1 year | EUR 21,500 (INR 20.00 Lakhs) |
| MSc Economic and Financial Research (research master) | 2 years | EUR 21,500 (INR 20.00 Lakhs) |
Source: Maastricht SBE Masters catalogue and Tuition Fee Guide Masters 2026-27.
Note: The two-year MSc Economic and Financial Research is billed per year at EUR 21,500, so its total tuition is EUR 43,000 (INR 39.99 Lakhs). All other SBE Masters are one-year, one-payment programmes at EUR 21,500 (INR 20.00 Lakhs).
Dutch research universities revise non-EU institutional fees annually, typically in a 2 to 4 percent band aligned to Dutch cost-of-education indexation. Maastricht publishes each year’s rate in its official Tuition Fee Guide, so a September 2027 applicant should verify the 2027-28 rate on that page when it publishes in summer 2027.
| Academic Year | MSc Non-EU Tuition (EUR) | MSc Non-EU Tuition (INR) | YoY Change |
|---|---|---|---|
| 2025-26 (last officially published) | EUR 21,500 | INR 20.00 Lakhs | Baseline |
| 2026-27 (current academic year, verify at guide) | To be confirmed on tuition guide | - | Typical +2-3% |
| 2027-28 (September 2027 intake, projected) | ~EUR 22,150 | ~INR 20.60 Lakhs | ~+3.0% |
Source: Maastricht University Tuition Fee Guide. Projected 2027-28 figures are indicative estimates based on typical Dutch statutory increases; always confirm the published rate before paying.
Key Insight: Your September 2027 MSc will bill at the 2027-28 rate, roughly INR 60,000 higher per year than the 2025-26 figure quoted in older brochures. Budget INR 20.60 Lakhs for tuition (not INR 20.00 Lakhs) and pay the full fee upfront if your loan disburses in one tranche, as Maastricht does not offer an early-payment discount to reduce the sticker price further.
Maastricht is materially cheaper than Amsterdam, Utrecht or Rotterdam, and the university’s own international student cost estimate lands at EUR 950 to EUR 1,150 (INR 88,350 to INR 1,06,950) per month for a single student in shared housing. The single biggest variable is rent, which is tight in the Maastricht student housing market and worth booking through Guesthouse Maastricht the moment your acceptance letter arrives.
| Expense | Monthly (EUR) | Monthly (INR) | Annual (INR) | Notes for Indian Students |
|---|---|---|---|---|
| Rent (shared student housing) | EUR 500 | INR 46,500 | INR 5.58 Lakhs | Guesthouse Maastricht rooms fill fast; apply the day your admission letter lands. |
| Groceries and eating out | EUR 250 | INR 23,250 | INR 2.79 Lakhs | Albert Heijn, Jumbo and Lidl are cheapest; Toko Asia has Indian staples. |
| Health insurance (mandatory) | EUR 55 | INR 5,115 | INR 61,380 | AON Student Insurance or ICS Complete; enrolment via university portal. |
| Local transport | EUR 30 | INR 2,790 | INR 33,480 | Second-hand bicycle for EUR 100 covers 90% of trips inside Maastricht. |
| Books, printing, supplies | EUR 40 | INR 3,720 | INR 44,640 | PBL uses a lot of shared readings and library resources, not textbook-heavy. |
| Phone, internet, personal, leisure | EUR 175 | INR 16,275 | INR 1.95 Lakhs | EU-wide roaming SIMs (Simyo, Lebara) at EUR 15/month. |
| Total | EUR 1,050 | INR 97,650 | INR 11.72 Lakhs | 12-month basis for MSc; 10-month academic year for BSc. |
Source: Maastricht University’s Cost of Living page cross-referenced with Nuffic Netherlands student cost estimates. Rents in Maastricht run 25 to 35 percent lower than Amsterdam.
Note: Health insurance for non-EU students is mandatory in the Netherlands. The university’s arranged AON Student Insurance at EUR 55 (INR 5,115) per month covers medical, liability and repatriation; a private Indian travel policy does not meet the residence permit requirement.
The next reality check is the currency swing. Even a small INR depreciation against the EUR over your programme can add INR 40,000 to INR 60,000 to your annual bill without any change in tuition, and this bites hardest on the last two tuition instalments.
Currency Tip: For your September 2027 intake, book the first tuition instalment through the university’s own Convera GlobalPay route rather than a raw SWIFT wire, it saves 2-3 percent on the exchange margin. Load 3 months of living expenses on a zero-markup forex card (Niyo Global, IDFC First WoW) at each academic term.
The all-in first-year cost for an Indian student at SBE Maastricht is INR 32.62 Lakhs for a Master and INR 22.16 Lakhs for the first year of a Bachelor. Adding a modest scholarship pulls the Master’s number down to roughly INR 28 Lakhs.
| Scenario | Tuition | Living (Annual) | Mandatory Fees (Year 1) | Total Year 1 |
|---|---|---|---|---|
| MSc SBE (1-year, 12-month living) | INR 20.00 Lakhs | INR 11.72 Lakhs | INR 40,000 | INR 32.12 Lakhs |
| MSc Economic and Financial Research (2-year total) | INR 40.00 Lakhs | INR 23.44 Lakhs | INR 65,000 | INR 64.09 Lakhs (2-year) |
| BSc SBE Year 1 (10-month living) | INR 12.28 Lakhs | INR 9.77 Lakhs | INR 40,000 | INR 22.05 Lakhs |
| BSc SBE Full 3-year programme | INR 36.83 Lakhs | INR 29.30 Lakhs | INR 90,000 | INR 67.03 Lakhs (3-year) |
Mandatory fees include MVV entry visa plus residence permit (VVR) at EUR 210 (INR 19,530), one-time application handling fee EUR 100 (INR 9,300), and Nuffic Certus / diploma verification at approximately EUR 130 (INR 12,090). IHS or similar surcharge does not apply in the Netherlands.
A student borrowing the full INR 32 Lakhs at 10.5 percent over 10 years pays roughly INR 43,000 per month in EMI. A BSc borrower financing INR 67 Lakhs across three years pays approximately INR 90,000 per month after graduation on the same terms.
Key Insight: For your September 2027 MSc, securing the Holland Scholarship of EUR 5,000 (INR 4.65 Lakhs) cuts your borrowed principal by about 15 percent and drops the EMI by roughly INR 6,300 per month. Applications for September 2027 open in October 2026 with a 1 February 2027 deadline; submit at Studielink the same week you file your MyApplication to be considered.
Maastricht funds a small number of high-value scholarships, and Indian students are eligible for the two flagship awards plus one Erasmus route. The NL-High Potential Scholarship is the highest-value award available, but it accepts roughly 2 percent of applicants, so treat it as a bonus, not a plan.
| Scholarship | Amount | Eligibility | Deadline (Sept 2027 intake) |
|---|---|---|---|
| NL-High Potential Scholarship | Full tuition waiver + EUR 10,880 (INR 10.12 Lakhs) stipend + travel allowance | Non-EU Master applicant, top academic record, motivation essay | 1 February 2027 |
| Holland Scholarship (Ministry of Education + universities) | EUR 5,000 (INR 4.65 Lakhs) one-time | Non-EU Bachelor or Master applicant, first-year only | 1 February 2027 |
| Erasmus+ (for eligible SBE double-degree tracks) | Approximately EUR 850 (INR 79,050) per month during exchange | Enrolled SBE student on eligible exchange semester | Applied via SBE International Office |
Source: Maastricht University Scholarships and Financial Matters.
For September 2027, the standard Indian awards accept applications from December 2026 onwards. Applying to at least three of these in parallel is the single most useful thing you can do the winter before your intake.
| Award | Amount | Typical Deadline |
|---|---|---|
| Inlaks Shivdasani Foundation | Up to USD 100,000 (INR 83 Lakhs) | Early April 2027 |
| JN Tata Endowment Loan Scholarship | Loan-grant up to INR 10 Lakhs | Late March 2027 |
| KC Mahindra Scholarships for Post-Graduate Studies Abroad | Up to INR 10 Lakhs (interest-free) | End of March 2027 |
| Narotam Sekhsaria Foundation Scholarship | Interest-free loan up to INR 20 Lakhs | End of March 2027 |
| Aga Khan Foundation International Scholarship | 50% grant + 50% loan for full tuition | 31 March 2027 |
Source: Official foundation websites; deadlines refresh each cycle, confirm on each foundation’s page before applying.
Tip for Indian Students: For your September 2027 intake, put the Holland Scholarship at the top of your list, it is the highest-return effort for the time invested (a single motivation letter, and Maastricht auto-considers you if you tick the box on MyApplication before 1 February 2027). Combine it with the JN Tata Endowment (deadline late March 2027) to cover a full INR 14 Lakhs of your INR 32 Lakh first-year bill.
Maastricht does not charge a separate refundable tuition deposit. The gate is the EUR 100 (INR 9,300) application handling fee at submission, and then full tuition or an authorised instalment plan before you can register in August 2027. The handling fee is refunded to you after you enrol, minus bank charges.
Source: Maastricht University Handling Fee page and MyUM tuition instructions.
Tip for Indian Students: For a September 2027 start, initiate your first EUR wire 3 weeks before the university’s August 2027 registration deadline. Indian LRS remittances above INR 7 Lakhs need a Form A2 and 20% TCS (creditable in your ITR), so factor an extra 5-7 working days for RBI-authorised paperwork.
The single most-missed line item for the September 2027 intake is the compulsory Dutch health insurance at EUR 660 (INR 61,380) per year, which is not billed by the university and cannot be substituted with an Indian policy. Budget INR 2.0 to 2.5 Lakhs of hidden costs on top of the sticker fee.
Budget approximately INR 2.0-2.5 Lakhs for first-year hidden costs on top of tuition and living.
Note: The AON Student Insurance premium of EUR 660 (INR 61,380) is the cost families most frequently forget. It is invoiced monthly by AON, not by Maastricht, and non-payment invalidates your residence permit within 3 months of arrival.
The highest-value saving lever for a September 2027 Indian applicant is the NL-High Potential Scholarship application, worth INR 30.12 Lakhs if awarded. The next-best levers are Section 80E on your education loan and the Dutch student work allowance during your MSc.
Tip for Indian Students: For your September 2027 intake, the single highest-value saving lever is the NL-High Potential Scholarship, worth EUR 32,380 (INR 30.12 Lakhs) over one year if awarded. It closes 1 February 2027, so treat November 2026 to January 2027 as your essay-writing window and get two SBE alumni to review your motivation letter before you submit.
An INR 32 Lakh one-year MSc from SBE Maastricht is defensible for an Indian student who wants a triple-crown accredited European business degree, a Dutch post-study work route and a European employer network without London or Zurich price tags. SBE is one of the few schools worldwide holding AACSB, EQUIS and AMBA accreditation, and Maastricht University ranks 239 in QS World University Rankings 2026 and 131 in Times Higher Education 2026.
The Dutch post-study path is a genuine differentiator. The Zoekjaar (orientation year) residence permit gives you a full 12 months after graduation to seek work anywhere in the Netherlands, and once you find a role at a highly-skilled-migrant employer above the EUR 43,000 (INR 39.99 Lakhs) threshold, your residence continues with a clear route to permanent status after 5 years. This is a longer window than the UK Graduate Route in force in 2026.
On the numbers: an INR 32 Lakh loan at 10.5 percent for 10 years is an EMI of roughly INR 43,000 per month. A Netherlands-based first job at EUR 43,000 (INR 39.99 Lakhs) per year, common for SBE Financial Economics and BISS graduates, produces a monthly gross of INR 3.33 Lakhs, so the EMI is well under 15 percent of gross salary and the loan clears in 8 to 10 years.
Key Insight: Net of a Holland Scholarship, your September 2027 SBE MSc costs approximately INR 27.47 Lakhs all-in. Against an entry-level Dutch highly-skilled-migrant salary of INR 39.99 Lakhs per year, the payback horizon for the borrowed principal is under 5 years even before any raise, which is materially better than a comparable UK or US Masters at 40-50 percent higher sticker.
→ Check Your Eligibility for SBE Maastricht September 2027 Intake
SBE Maastricht for a September 2027 Indian applicant means a budgeted INR 32 Lakhs first-year cost for a one-year MSc or INR 22 Lakhs for the first year of a 3-year BSc, before scholarships. Stacking the Holland Scholarship with JN Tata Endowment or Narotam Sekhsaria typically pulls the borrowed principal to INR 18-22 Lakhs, an EMI of about INR 25,000-30,000 per month. Your immediate action for this intake is the Studielink application in October 2026, followed by the NL-High Potential and Holland Scholarship submissions before 1 February 2027.
Ques. What is the total tuition fee for an MSc at SBE Maastricht for Indian students in the September 2027 intake?
Ans. The 2025-26 non-EU MSc rate is EUR 21,500 (INR 20.00 Lakhs) per year. The 2027-28 rate applying to the September 2027 intake is projected at approximately EUR 22,150 (INR 20.60 Lakhs), a typical 3 percent Dutch increase. Most SBE Masters are 1 year, so this is the full programme tuition, except MSc Economic and Financial Research which is 2 years and totals EUR 43,000 (INR 39.99 Lakhs).
Ques. Do I have to pay a refundable tuition deposit at SBE Maastricht?
Ans. No. Maastricht does not charge a separate refundable tuition deposit. You pay a EUR 100 (INR 9,300) application handling fee at submission, and it is refunded after you enrol minus bank charges. Full tuition is then due before registration in August 2027, either in one payment via Convera GlobalPay or in instalments via Dutch direct debit once you have a local bank account.
Ques. How much does living in Maastricht cost an Indian student per month?
Ans. Budget EUR 950 to EUR 1,150 (INR 88,350 to INR 1,06,950) per month for a single student in shared housing, or approximately INR 11.72 Lakhs per year on the 12-month basis for an MSc. Rent is the largest line at EUR 500 (INR 46,500), and Guesthouse Maastricht university-managed housing is the cheapest reliable option.
Ques. Is health insurance included in the tuition fee at Maastricht?
Ans. No. Dutch health insurance is mandatory but billed separately. AON Student Insurance costs EUR 55 (INR 5,115) per month or EUR 660 (INR 61,380) per year, invoiced by AON. An Indian travel insurance policy is not accepted by the Immigration and Naturalisation Service (IND) as a substitute.
Ques. What scholarships can Indian students apply for at SBE Maastricht?
Ans. The three routes are: NL-High Potential Scholarship (full tuition + EUR 10,880 stipend, ~2% acceptance), Holland Scholarship (EUR 5,000 / INR 4.65 Lakhs one-time bursary), and external Indian awards (Inlaks up to USD 100,000, JN Tata Endowment up to INR 10 Lakhs, Narotam Sekhsaria up to INR 20 Lakhs). For September 2027, the NL-High Potential and Holland Scholarship deadlines are both 1 February 2027.
Ques. What is the total cost of a Bachelor’s at SBE Maastricht for an Indian student?
Ans. All four SBE Bachelors are 3-year, English-taught programmes at EUR 13,200 (INR 12.28 Lakhs) per year at the 2025-26 rate. Adding INR 9.77 Lakhs of annual living costs and one-time set-up expenses, the full 3-year cost lands at approximately INR 67 Lakhs, before scholarships. Fee revisions of 2-4 percent per year should be budgeted for years 2 and 3.
Ques. Can I work part-time to fund my studies at Maastricht?
Ans. Yes. Non-EU students on a Dutch student residence permit can work up to 16 hours per week during term or full-time in June, July and August. Dutch minimum wage yields EUR 500 to EUR 700 (INR 46,500 to INR 65,100) per month for part-time work, which covers roughly half of your monthly living costs.
Ques. How do I pay tuition from India to Maastricht University most cheaply?
Ans. Use Maastricht’s Convera GlobalPay portal linked from MyUM, which saves 2 to 3 percent on the exchange margin versus a raw SWIFT wire. For LRS remittances above INR 7 Lakhs, expect a 20 percent TCS at source (creditable in your ITR) and complete Form A2 with your Indian bank at least 5 to 7 working days before the payment deadline.
Ques. What are the hidden costs beyond tuition and rent at SBE Maastricht?
Ans. Budget INR 2.0 to 2.5 Lakhs of hidden costs in year one: AON health insurance EUR 660 (INR 61,380), MVV entry visa plus residence permit EUR 210 (INR 19,530), Nuffic Certus diploma verification EUR 130 (INR 12,090), airfare INR 50,000 to INR 70,000, setup and bicycle EUR 400 to EUR 600 (INR 37,200 to INR 55,800), and forex margin on your first tuition instalment.
Ques. Is an SBE Maastricht MSc worth the INR 32 Lakh cost for an Indian student?
Ans. Yes for an applicant targeting European employment. SBE is triple-crown accredited (AACSB, EQUIS, AMBA), Maastricht University ranks 239 in QS 2026 and 131 in THE 2026, and the Dutch Zoekjaar orientation-year permit gives a full 12 months post-graduation to seek work. A first job above the EUR 43,000 (INR 39.99 Lakhs) highly-skilled-migrant threshold clears an INR 32 Lakh loan (EMI ~INR 43,000/month) within 8 to 10 years.
Ques. When do applications for the September 2027 SBE Maastricht intake open?
Ans. Studielink opens for the September 2027 intake around 1 October 2026. Non-EU Master applications must be submitted by 1 May 2027; BSc International Business (numerus fixus) closes earlier on 15 January 2027; other Bachelors close 1 May 2027. Scholarship applications for the NL-High Potential and Holland Scholarship both close 1 February 2027.
| Program | Important Dates | Fees | Application Fees | Eligibility | Financial Aid |
|---|---|---|---|---|---|
Application Deadline for September 2027 Intake (1st May 2027) | INR 23.9 L/Yr EUR 21,500 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 6.5 | ||
Application Deadline for February 2027 Intake (1st Nov 2026) Application Deadline for September 2027 Intake (1st May 2027) | INR 23.9 L/Yr EUR 21,500 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 6.5 | ||
Application Deadline for February 2027 Intake (1st Nov 2026) Application Deadline for September 2027 Intake (1st May 2027) | INR 27.9 L/Yr EUR 25,100 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 6.5 | ||
Application Deadline for February 2027 Intake (1st Nov 2026) Application Deadline for September 2027 Intake (1st May 2027) | INR 23.9 L/Yr EUR 21,500 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 6.5 | ||
Application Deadline for September 2027 Intake (1st May 2027) | INR 23.9 L/Yr EUR 21,500 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 6.5 | - | |
Application Deadline for September 2027 Intake (1st Apr 2027) | INR 14.7 L/Yr EUR 13,200 /Yr | 100 | Higher Secondary Degree, TOEFL: 4.0, IELTS: 6.0 | - | |
BS Psychology 3 years | Application Deadline for September 2027 Intake (15th Jan 2027) | INR 14.7 L/Yr EUR 13,200 /Yr | 100 | Higher Secondary Degree, TOEFL: 4.0, IELTS: 6.0 | - |
Application Deadline for September 2027 Intake (1st May 2027) | INR 23.9 L/Yr EUR 21,500 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 7.0 | - | |
BS International Business 3 years | Application Deadline for September 2027 Intake (15th Jan 2027) | INR 14.7 L/Yr EUR 13,200 /Yr | 100 | Higher Secondary Degree, TOEFL: 4.0, IELTS: 6.0 | - |
Scholarship Consideration Application Deadline for September 2027 Intake (8th Dec 2026) Application Deadline for September 2027 Intake (1st May 2027) | INR 23.9 L/Yr EUR 21,500 /Yr | 100 | Bachelor's Degree, TOEFL: 4.5, IELTS: 6.5 | - |
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