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MBA in Sweden: A Comprehensive Course Guide

Komal Yadav Komal Yadav
Study Abroad Expert

An MBA in Sweden offers a global business experience that combines business and innovation. The duration of program is 1 to 2 years comprising usually of 2 semesters. Students prefer Sweden universities because of the informal and non-hierarchical nature of education. 

  • Only four universities offer MBA in Sweden. 
  • The average tuition fees of MBA from Sweden universities between 81,200 SEK to 495,000 SEK.
  • The average salary of an MBA graduate in Sweden is 576,000 SEK.

Why Study MBA in Sweden?

MBA is among one of the most pursued courses in the world. It aims at providing better career opportunities obtaining a higher level managerial job that pays well and has enormous opportunities in terms of growth and development.

Following are some of the reasons for opting MBA from Sweden universities as a study abroad aspirant:

  • Executive MBA is the second highest-paying degree among Sweden graduates and employees.
Top paying degrees
  • In Stockholm School of Economics, MBA and Executive MBA are among the top 6 highest paying degrees with an average annual salary of 593,000 SEK and 745,000 SEK respectively.
  • Jobs after MBA such as Executive Management, Financial Services, Sales & Business Development are some of the top-paying designations of Sweden.
  • Top recruiters for MBA from Sweden universities are Capgemini, Ericsson Inc, HCL, IKEA, etc. 

Top Universities offering MBA in Sweden

MBA in Sweden is available as an executive degree, distance learning program and with specializations such as Marketing & Management and Business Management. The following table lists the universities offering this degree along with their total tuition fees: 

UniversityProgram OfferedTotal Program Fees (in SEK)
Mid Sweden UniversityMBA in Marketing and Management; 1 year81,200
Stockholm School of EconomicsMBA Executive; 1.5 years495,000
Blekinge Institute of TechnologyMBA Distance Learning; 1.8 years100,000
University of GavleMBA in Business Management; 1 year98,000

Admission Process for MBA in Sweden

Applications for masters programs in Sweden universities are processed through a central application service called the universityadmissions.se. Also, students can apply from the individual websites of the universities. 

Application Deadline for MBA in Sweden

International students have to submit the online application before following deadlines to apply at Sweden universities

UniversityDeadline
Mid Sweden UniversityApril 15
Stockholm School of Economics

Round 1: May 1;

Round 2: September 15;

Round 3: November 1

Blekinge Institute of TechnologyJanuary 15
University of GavleAugust 15

Admission Requirements for MBA in Mid Sweden University

  • A degree equivalent to 180 credits bachelors degree of Sweden universities
  • Minimum 90 credits in Business Administration course or equivalent
  • Minimum 15 credits in Introductory Statistics or equivalent

Admission Requirements for MBA at Stockholm School of Economics

  • A bachelors degree
  • Minimum 5 years of work experience
  • Updated CV
  • High-resolution digital photo
  • An essay based on the question given by the university
  • Video assessment
  • Two references

Admission Requirements for MBA at Blekinge Institute of Technology

  • Bachelor of Science degree in Engineering with a minimum of 180 credits
  • Written degree project equivalent to 7.5 credits
  • Mathematics/applied mathematics equivalent to 15 credits
  • Industrial economics, business administration or other similar courses equivalent to 5 credits
  • Minimum work experience of 2 years

Admission Requirements for MBA at University of Gavle

  • A degree equivalent to 180 credits bachelors degree of Sweden universities
  • Minimum 90 credits in Business Administration course or equivalent

Proof of English Proficiency for International Students

IELTS or TOEFL scores are required as proof of English language proficiency. Minimum score requirement for admission in top universities of Sweden is given below: 

TestMinimum Score Required
IELTS6.5 (No Section below 5.5)
TOEFL (PBT)575
TOEFL (iBT)90

Visa Requirements for International Students

International Students who want to study in Sweden have to apply for a Resident Permit. These are given by the Swedish migration agency but are processed by the Swedish embassy and consulates in India.

Visa application takes 90 days of processing time after submission. The fee for Sweden’s resident permit for educational purposes is 1000 SEK.

Following documents are required at the time of applying: 

  • A valid passport that has the validity of 6 months at the time of application.
  • An enrolment letter from the University of Sweden stating the duration of the course.
  • Proof of financial capacity which could be documents like a form of scholarship, student loan, or own funds.
  • Proof of health insurance.
  • Classes X/XII/Bachelor’s mark sheet.
  • A written essay on why do you want to study in Sweden is to be written and submitted giving valid and reasonable points.

Cost of Studying MBA in Sweden

Students choosing to study in Sweden learn how to conduct top-quality research and develop independent thinking. It may not be an affordable place for studying, but students still choose to study here because of its uninhibited methods of studying. 

Cost of studying abroad can be broadly divided into three categories: Pre-arrival Cost, Tuition Fees and Cost of Living.

Pre-arrival Cost

This is the one time cost incurred while applying to the university and includes application fees, registration fees of tests required to study in Sweden, airfare etc.

Type of ExpenseCost (in SEK)
Application Fee94
IELTS Fee2600
TOEFL Fee1,767
Airfare214 (one-time)

Tuition Fees of MBA in Sweden

Stockholm School of Economics charges the highest annual tuition fees of 330,000 SEK among all universities offering MBA in Sweden.

Tuition Fees

Cost of Living in Sweden

The average monthly living cost in Sweden is provided below: 

  • Food – SEK 2000
  • Accommodation – SEK 4070
  • Local travel – SEK 550
  • Phone/Internet – SEK 300
  • Hobby/leisure/miscellaneous – SEK 1450

Scholarships for MBA in Sweden

The universities in Sweden encourage international students to seek admission and also offer some scholarship programs for the students. 

The Swedish Institute of Global Professional (SISGP) program is part of the Swedish Government's international award scheme. It is funded by the Ministry of Foreign Affairs of Sweden and administered by the Swedish Institute (SI). 

The scholarship holders play an active role in the positive development of the societies in which they live. The following benefits will be provided to the selected students: 

  • Tuition fees are paid directly to the Swedish university by SI.
  • Living expenses in Sweden are SEK 10,000/month.
  • The Travel grant is of SEK 15,000.
  • Insurance against illness and accidents.
  • Membership of the SI Network for Future Global Leaders (NFGL) – a platform to help the candidate grow.

Eligibility: Enrollment in the master's program

Universities offer a range of scholarships to international students in Sweden to help finance the tuition fees and living costs. Some of these are discussed below: 

  • Erasmus Mundus Scholarship: The scholarship covers living costs, tuition fee, and travelling expenses. The total number of Erasmus Mundus Scholarships offered by Swedish universities are 30.
  • Swedish Institute Study Scholarship: The scholarship is available to undergraduate and graduate students who wish to study in Sweden. The scholarship covers the costs of living and tuition fees. About 120 Swedish institute study scholarships are available for international students.
  • The Visby Program: The scholarship reward is USD 9000 per month for postgraduate students and USD 18000 for senior scientists. Every year Swedish universities sponsor global scholarship competitions to award Visby Scholarship.

In addition to government agency funding, competitions and individual university scholarships, many associations, foundations and other organizations offer scholarships and travel grants for international students in Sweden. To know more, click here

Jobs after MBA in Sweden

Swedish Universities teaches its students valuable employability skills like creativity, critical thinking and team working skills. MBA programs work closely with the industry, offering students the possibility to combine study and work.

Getting hired in Sweden will take a few steps if the student is not a native. They must have a work permit that requires the company to offer student employment. Also, the student has to earn enough to support himself. 

Approximately a student needs SEK 8000 per Month to cover all the living expenses including food, rent and groceries. The amount, transport charges, personal needs and preferences vary depending on the location. 

Sweden is considered home to top multinational companies like Volvo, IKEA, H&M, etc. Earning an MBA is very valuable where students can expect promising careers in Finance, Public Administration, Accounting, Consulting, Retail Management, International Marketing, Policy Advising and more.

The estimated salary of popular jobs in Sweden for MBA graduates are: 

PositionAnnual Salary (in SEK)MBA Major
Chief Executive Officer859,214 – 3,341,013Gen. & Strategic Management
Senior Product Manager935,695 - 1,518,118Entrepreneurship
Marketing Director401,022 – 2,243,999Entrepreneurship
Chief Financial Officer850,406 – 2,121,516Corporate Finance
Financial Analysts487,378 - 3,478,230Finance & Economics
Chief Financial Officer848,993 – 2,117,150Finance
Senior Product Manager800,969 – 1,440,497Business & Marketing
Senior Marketing Manager964,012 – 1,431,522Marketing Management
Chief Information Officer858,913 – 2,020,218Information Technology

Sweden has a more informal teaching environment, where students are given the freedom to think creatively and not worry about etiquette.

The academic culture of Sweden dates back 500 years and it has great social equality. Sweden is a great place to live and study. From large cities like Stockholm, Gothenburg and Malmo to friendly university towns like Uppsala and Lund. Students can choose from a variety of universities according to their taste. 

The independence of the mind and the fact that every student can make their voice heard are two of the reasons Sweden ranks among the world's most innovative nations for colleges and universities. 

Because of the innovation encouraged through the Swedish University system, International students find their job opportunities are strong after graduating with a business degree. Students are welcome to stay in Sweden or they can venture into other countries and use their business learning to start a successful career.

FAQ's

Ques. Is GMAT/GRE score required to study MBA in Sweden?

Ans. No, you can apply to Sweden Universities without a GRE/GMAT score. 

Ques. What is the English test score requirement for applying to MBA in Sweden?

Ans. The minimum score required to apply for an MBA in Sweden is provided below:

  • IELTS: 6.5
  • TOEFL (iBT): 90
  • TOEFL (PBT): 575

Ques. What jobs will a student get after graduating with an MBA from Sweden?

Ans. The job roles an MBA graduate gets are of the chief executive officers, senior product manager, chief financial officer, marketing director, chief information officer.

Ques. Is studying MBA in Sweden free?

Ans. Swedish education is free for Swedish, Swiss and European Union students only.

Ques. What are the scholarships offered in Sweden?

Ans. There are many scholarship programs offered to international students in Sweden. They include the Swedish Institute of Global Professional (SISGP) program which is a part of the Swedish Government's international award scheme. It is funded by the Ministry of Foreign Affairs of Sweden and administered by the Swedish Institute (SI). Also scholarships like Erasmus Mundus Scholarship, Swedish institute study scholarship, the Visby program, etc.

Ques. What is the average living cost in Sweden?

Ans. The average monthly living cost in Sweden for food is SEK 2000, accommodation is SEK 4070, local travel is SEK 550, phone/internet is SEK 300, others is SEK 1450 which gives the total of SEK 8370.

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