MBA in Greece

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Why Study MBA (Master of Business Administration) in Greece

1. Rich Cultural Heritage: Greece is known for its rich history, cultural heritage, and contributions to philosophy, arts, and sciences. Studying in Greece allows you to immerse yourself in this cultural heritage while pursuing your MBA.

2. Quality Education: Greek universities and business schools offer MBA programs that are recognized for their quality. You can gain a solid education and valuable skills that are relevant in the global business landscape.

3. International Perspective: Greece's strategic location at the crossroads of Europe, Asia, and Africa provides a unique international perspective for business studies. It's a gateway to markets in Europe and beyond.

4. Networking Opportunities: Greece has a growing business community and connections to European and international business networks. Studying in Greece can provide opportunities to build valuable professional networks.

5. Affordability: Tuition fees and the cost of living in Greece are often more affordable compared to some other European countries. This can make pursuing an MBA in Greece a cost-effective choice.

6. Language Opportunities: While some MBA programs are offered in Greek, many are also available in English, making them accessible to international students. This can be advantageous for non-Greek-speaking students.

7. Global Business Environment: Greece has a diverse economy with opportunities in various sectors, including tourism, shipping, finance, and renewable energy. Studying here can give you insights into these industries.

8. International Tourism: Greece is a popular tourist destination, offering opportunities for hands-on experience in the hospitality and tourism sector, which is a focus of many MBA programs.

9. Sustainability and Innovation: Greece is increasingly focusing on sustainability and innovation, which are important topics in modern business. You can explore these themes in the context of Greece's evolving business landscape.

10. Unique Business Challenges: Greece has faced unique economic challenges in recent years, which can provide valuable learning experiences for MBA students interested in economics, finance, and crisis management.


MBA (Master of Business Administration) Specializations in Greece

University

Location

Course Duration

Common MBA Specializations

Athens University of Economics and Business (AUEB)

Athens

Typically 1-2 years

- General MBA - International Business - Finance - Marketing - Entrepreneurship - Business Analytics

ALBA Graduate Business School

Athens

Typically 1-2 years

- Finance - Marketing - Strategy - Entrepreneurship - Shipping

University of Macedonia

Thessaloniki

Typically 1-2 years

- General MBA - Tourism Management - Health Units Management

International Hellenic University

Thessaloniki

Typically 1-2 years

- General MBA - Entrepreneurship - Shipping - Energy Management - Tourism Management

University of Piraeus

Piraeus

Typically 1-2 years

- General MBA - Finance - Marketing - Strategic and International Business Management - Shipping

University of Crete

Rethymno (Crete)

Typically 1-2 years

- General MBA - Finance - Marketing - Entrepreneurship

Mediterranean College

Athens, Thessaloniki

Typically 1-2 years

- General MBA - Tourism and Hospitality Management - International Marketing - Innovation and Entrepreneurship

Hellenic American University

Athens, Thessaloniki

Typically 1-2 years

- General MBA - Entrepreneurship - Risk Management - Digital Marketing

New York College

Athens, Thessaloniki

Typically 1-2 years

- General MBA - Marketing - Finance - Entrepreneurship

City Unity College

Athens

Typically 1-2 years

- General MBA - Marketing - Human Resource Management - Finance


Admission Intake for MBA (Master of Business Administration) in Greece

1. Fall and Spring Intakes: MBA programs in Greece often have two main intakes per year, one in the fall (September or October) and another in the spring (February or March). These are the primary entry points for most MBA students.

2. Application Deadlines: Application deadlines can vary by institution and program. It's essential to check the specific application deadlines for the MBA programs you are interested in. Deadlines for fall intakes are typically in the preceding spring or summer, while deadlines for spring intakes are usually in the preceding fall or early winter.

3. Rolling Admissions: Some MBA programs in Greece may offer rolling admissions, which means they accept applications throughout the year. In such cases, it's advisable to apply as early as possible to secure a spot in the program.

4. Online and Part-Time Options: Some MBA programs in Greece offer flexible formats, including online and part-time options. These programs may have multiple intakes or rolling admissions, allowing students to start their studies at different times.

5. Entry Requirements: MBA programs in Greece often have specific entry requirements, which may include a bachelor's degree, work experience, GMAT or GRE scores (depending on the program), letters of recommendation, and a statement of purpose (SOP). Be sure to review the admission criteria for each program you are considering.

6. English Language Proficiency: If the language of instruction for the MBA program is English and it's not your native language, you may be required to provide proof of English language proficiency through tests like TOEFL or IELTS.

7. Interviews and Entrance Exams: Some MBA programs may require interviews as part of the admission process, while others may require entrance exams or tests specific to their program. Check the requirements of the program you are applying to.

8. Visa Requirements (International Students): If you are an international student, you will need to meet visa requirements set by the Greek government to study in Greece. This may include financial proof, health insurance, and other documentation.

9. Scholarships and Financial Aid: Research scholarship opportunities and financial aid options available for MBA students in Greece. Many institutions offer scholarships based on merit or specific criteria.

10. Application Procedure: Follow the application procedure outlined by the institution you are applying to. This typically involves submitting an online application, providing required documents, paying application fees, and adhering to deadlines.


Top 10 Universities in Greece for MBA (Master of Business Administration)

University/Institution

Location

Common MBA Specializations

Athens University of Economics and Business (AUEB)

Athens

- General MBA - International Business - Finance - Marketing - Entrepreneurship - Business Analytics

ALBA Graduate Business School

Athens

- Finance - Marketing - Strategy - Entrepreneurship - Shipping

University of Macedonia

Thessaloniki

- General MBA - Tourism Management - Health Units Management

International Hellenic University

Thessaloniki

- General MBA - Entrepreneurship - Shipping - Energy Management - Tourism Management

University of Piraeus

Piraeus

- General MBA - Finance - Marketing - Strategic and International Business Management - Shipping

University of Crete

Rethymno (Crete)

- General MBA - Finance - Marketing - Entrepreneurship

Mediterranean College

Athens, Thessaloniki

- General MBA - Tourism and Hospitality Management - International Marketing - Innovation and Entrepreneurship

Hellenic American University

Athens, Thessaloniki

- General MBA - Entrepreneurship - Risk Management - Digital Marketing

New York College

Athens, Thessaloniki

- General MBA - Marketing - Finance - Entrepreneurship

City Unity College

Athens

- General MBA - Marketing - Human Resource Management - Finance


Tuition Fees for MBA (Master of Business Administration) in Greece

1. Public Universities: Public universities in Greece often offer more affordable tuition fees compared to private institutions. Tuition fees for EU students at public universities tend to be lower than those for non-EU students. MBA programs at public universities may have tuition fees ranging from approximately €1,500 to €4,000 per academic year for EU students, while non-EU students may pay higher fees, typically ranging from €2,500 to €6,000 per year.

2. Private Universities: Private universities in Greece usually have higher tuition fees. The cost can vary significantly depending on the institution, program reputation, and location. Tuition fees for MBA programs at private universities may range from approximately €6,000 to €15,000 or more per academic year. Some programs may offer scholarships or financial aid to offset these costs.

3. Program Format: Tuition fees can also vary based on the format of the MBA program. Full-time, part-time, and online MBA programs may have different fee structures. Full-time programs are typically completed in one year, while part-time and online programs may span over two years or more.

4. Scholarships: Some MBA programs in Greece offer scholarships or financial aid to eligible students. These scholarships may be based on academic merit, financial need, or other criteria. Be sure to inquire about scholarship opportunities when researching MBA programs.

5. Additional Costs: In addition to tuition fees, consider other costs associated with your MBA studies, such as textbooks, materials, living expenses, and health insurance. These expenses can vary based on your location and lifestyle.

6. EU vs. Non-EU Students: EU students may benefit from lower tuition fees at public universities in Greece due to EU educational policies. Non-EU students typically pay higher fees, so it's essential to confirm the fee structure for your specific student category.

7. Financial Aid: Explore financial aid options, including loans and grants, that may be available to you as a student in Greece. Some international organizations and government agencies may offer financial assistance to eligible students.

8. Payment Schedule: Check the payment schedule for tuition fees. Some universities may allow students to pay fees in installments, making it easier to manage the financial burden.


Cost of Studying MBA (Master of Business Administration) in Greece

Expense Category

Estimated Annual Cost (EUR)

Tuition Fees 

€1,500 - €15,000 or more

Accommodation (rent)

€3,000 - €8,000

Food and Groceries

€2,400 - €3,600

Transportation (local)

€300 - €600

Books and Study Materials

€200 - €400

Health Insurance

€500 - €1,000

Personal Expenses

€1,200 - €2,000

Total Estimated Annual Cost

€8,600 - €30,000 or more


Eligibility for doing MBA (Master of Business Administration) in Greece

1. Bachelor's Degree: You must have a bachelor's degree from a recognized university or institution. Typically, the degree can be in any field, although some MBA programs may prefer applicants with a business-related undergraduate degree.

2. Work Experience: Many MBA programs in Greece prefer or require applicants to have relevant work experience. The amount of work experience required can vary but is often in the range of 2 to 5 years. Some programs offer different tracks for applicants with varying levels of work experience.

3. English Language Proficiency: If the language of instruction for the MBA program is English and it's not your native language, you may need to provide proof of English language proficiency through standardized tests like TOEFL or IELTS. Each program may have its own minimum score requirements.

4. Entrance Exams: Some MBA programs may require applicants to take entrance exams, such as the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination). Check the specific requirements of the program you are interested in.

5. Letters of Recommendation: You may be asked to provide letters of recommendation as part of your application. These letters should typically come from individuals who can speak to your academic and professional qualifications.

6. Statement of Purpose (SOP) or Essays: Many MBA programs require applicants to submit a statement of purpose or essays outlining their career goals, motivations for pursuing an MBA, and how the program aligns with their aspirations.

7. Interviews: Some MBA programs conduct interviews with applicants as part of the admission process. This interview may be conducted in person, by phone, or via video conferencing.

8. Application Documents: Prepare and submit all required application documents, which may include transcripts, certificates, and any other documents specified by the university or business school.

9. Visa Requirements (International Students): If you are an international student, you will need to meet visa requirements set by the Greek government. This may include financial proof, health insurance, and other documentation.

10. Additional Requirements: Be sure to check the specific admission requirements of the MBA program you are interested in, as some programs may have additional criteria or prerequisites.


Documents Required for MBA (Master of Business Administration) in Greece

1. Completed Application Form: Most universities and business schools in Greece have an online application platform where you need to submit your application form. Follow the instructions on the university's official website to complete the application form.

2. Bachelor's Degree Certificate: You will need to provide a copy of your bachelor's degree certificate as proof of your educational qualification. In some cases, you may also need to provide a certified English translation if the original certificate is not in English or Greek.

3. Transcripts: Include official transcripts of your academic records from your undergraduate institution. These transcripts should provide details of the courses you completed and the grades you received.

4. Curriculum Vitae (CV) or Resume: Prepare a comprehensive CV or resume that outlines your educational background, work experience, skills, and any relevant achievements.

5. Letters of Recommendation: Most MBA programs require two to three letters of recommendation. These letters should come from individuals who are familiar with your academic or professional qualifications and can speak to your suitability for the program.

6. Statement of Purpose (SOP) or Essays: Write a statement of purpose or essays as required by the program. These essays should explain your motivations for pursuing an MBA, your career goals, and how the program aligns with your aspirations.

7. Standardized Test Scores: If the program requires standardized test scores, such as the GMAT or GRE, you will need to provide your official test scores. Check the specific requirements of the program you are applying to.

8. English Language Proficiency Test Scores: If English is not your native language and the program's language of instruction is English, you may need to provide proof of English language proficiency through tests like TOEFL or IELTS.

9. Interview: Some MBA programs may require an interview as part of the admission process. If so, be prepared for an interview, which can be conducted in person, by phone, or via video conferencing.

10. Passport Copy: If you are an international student, provide a copy of your passport or identification document.

11. Application Fee: Pay the application fee as required by the university or business school. The fee amount can vary, so check the program's website for details.

12. Financial Documents (International Students): If you are an international student, you may need to provide proof of financial resources to meet visa requirements. This can include bank statements or financial affidavits.

13. Other Supporting Documents: Some programs may have additional requirements, such as a portfolio (for specific MBA specializations like design or arts management) or proof of work experience.


Scholarships for MBA (Master of Business Administration) in Greece

1. University Scholarships: Some universities and business schools in Greece may offer scholarships or financial aid to MBA students based on merit or financial need. Check the official website of the institution you plan to attend for information on available scholarships and their application requirements.

2. Government Scholarships: The Greek government or specific government agencies may offer scholarships or grants to both domestic and international students pursuing higher education, including MBA programs. Explore government scholarship programs and their eligibility criteria.

3. Corporate Scholarships: Some companies and corporations may provide scholarships or sponsorships to employees or future employees pursuing MBA degrees. If you are already employed or plan to work for a specific company, inquire about scholarship opportunities through your employer.

4. External Scholarship Programs: Look for external scholarship programs that support MBA students studying in Greece. These scholarships may be offered by foundations, organizations, or philanthropic individuals. Conduct online searches and consult scholarship databases to identify potential sources of funding.

5. International Scholarships: If you are an international student studying in Greece, explore scholarships offered by international organizations, foundations, and government agencies in your home country. Some of these scholarships may support students pursuing MBA degrees abroad.

6. Professional Associations: Professional associations and industry-specific organizations related to business and management may offer scholarships to MBA students pursuing careers in their respective fields. Check if any relevant associations offer financial support.

7. Alumni Scholarships: Some MBA programs have alumni networks that provide scholarships to current students. Contact the program's alumni office or network to inquire about available scholarships.

8. Merit-Based Scholarships: Many MBA programs may offer merit-based scholarships to students with outstanding academic records, professional achievements, or leadership potential. Review the specific eligibility criteria and application process for these scholarships.

9. Diversity Scholarships: Some MBA programs promote diversity and may offer scholarships to underrepresented minority groups or individuals from diverse backgrounds. Inquire about diversity scholarship opportunities.

10. Financial Aid and Loans: Explore financial aid options and student loan programs that may be available to MBA students. Some financial institutions and educational loan providers offer loans specifically for MBA education.


Jobs and Salary after MBA (Master of Business Administration) in Greece

1. General Manager/Chief Executive Officer (CEO): General managers or CEOs oversee the overall operations of a company or organization. Their responsibilities include strategic planning, decision-making, and ensuring the company's success. Salaries for top executives like CEOs can vary significantly but often range from €60,000 to €150,000 or more per year.

2. Finance Manager: Finance managers are responsible for managing an organization's financial health, including budgeting, financial analysis, and risk management. Salaries for finance managers can range from €40,000 to €80,000 or more annually.

3. Marketing Manager: Marketing managers develop and implement marketing strategies to promote products or services. They oversee marketing campaigns, market research, and brand management. Salaries for marketing managers typically range from €30,000 to €70,000 per year.

4. Human Resources Manager: HR managers are responsible for recruitment, employee relations, training, and other HR functions. Salaries for HR managers in Greece can vary widely, with a typical range of €30,000 to €60,000 annually.

5. Consultant: Management consultants provide advisory services to organizations, helping them solve business problems and improve efficiency. Salaries for consultants can vary based on experience and project work, with entry-level consultants earning around €30,000 to €40,000 per year.

6. Financial Analyst: Financial analysts analyze financial data and provide investment recommendations. Entry-level financial analysts in Greece may earn around €20,000 to €35,000 annually, with the potential for higher salaries with experience.

7. Supply Chain Manager: Supply chain managers oversee the logistics and distribution of products and services. Salaries for supply chain managers typically range from €30,000 to €60,000 per year.

8. Entrepreneur/Business Owner: Some MBA graduates choose to start their own businesses or become entrepreneurs. Earnings as an entrepreneur can vary significantly and depend on the success of the venture.

9. Project Manager: Project managers lead and coordinate projects within organizations. Salaries for project managers can vary widely, but entry-level project managers may earn around €25,000 to €40,000 per year.

10. IT Manager: Information technology (IT) managers oversee the technology infrastructure of organizations. Salaries for IT managers can range from €30,000 to €70,000 or more annually.

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