MBA in Sweden: With the global demand for MBA professionals, students from all over the world are looking for countries that have a good curriculum as well as status. Sweden is one of the few countries with a fairly smaller population but a high-quality education system at the same time. It is one of the top study destinations in Europe and is home to many top-ranked universities. If you want to pursue a course in MBA from abroad then you might want to consider Sweden as one of your top options.
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Why Study MBA in Sweden?
Sweden is one of the most diverse as well as accepting countries of Europe. With its reputation of being among the most developed countries in the world as well as having a top position when it comes to education due to its rigorous focus on curriculum, it has established itself as a popular study abroad destination among international students. Studying abroad and choosing the right country to study in, is a big decision to make. You need to analyze various aspects before making such a decision. Here are a few advantages of pursuing a course like an MBA in Sweden:
-Sweden has a diverse population with a remarkable status of being one of the best countries in terms of education.
-Sweden ranks second in higher education in the world.
-The curriculum is such that one is allowed to explore as well as expand their knowledge in various fields.
-Sweden is home to top multinational companies like Volvo, IKEA, H&M, etc.
-The universities in Sweden encourage international students to seek admission and also offers a number of scholarship programs for the same.
-Students are allowed to work and are given job permits, which gives them a first-hand experience of working at any firm and also helps them in meeting their living costs.
In order to study MBA in Sweden, it is essential to be familiar with the key prerequisites you need to fulfill. Though the actual course requirements might vary from one university to another, here are the general eligibility criteria for MBA courses in Sweden:
-The applicant must have completed their bachelor’s degree from a recognized academic institution with the minimum marks required by your chosen university.
-Universities in Sweden accept both GMAT and GRE scores for admission into MBA courses. Moreover, you will also have to provide English language proficiency scores like IELTS/TOEFL, etc.
-Along with this, you will also have to submit a Statement of Purpose (SOP) and Letters of Recommendation (LORs).
For specific course requirements, students are advised to check the official website of their university.
Top Universities for MBA in Sweden
Sweden has a number of colleges that are among the top-ranked business schools in the world. Here are the top universities in Sweden offering reputed MBA courses that might interest you:
Stockholm School of Economics
Stockholm School of Economics is one of the top colleges for MBA in the world. The MBA program here is designed in such a way that it focuses on the holistic development of the student with a focus on environmental sustainability and management. The program here also focuses on the emerging global market which gives you exposure to the current international market and economy.
School of Business, Stockholm University
This is one of the largest departments of Stockholm University and has a well-developed and globally updated curriculum. This department is also in close contact with other business schools in the world giving you an opportunity for transnational education.
School of Economics and Management, Lund University
If you are looking for a university that has close ties with top recruiters of the world then you might want to study here. Lund University not only has one of the best-recruiting programs but it also has one of the best spaces for growth as an international student.
This university provides a degree in MBA in three programs i.e. international business, marketing, and organization. The diverse syllabus of Uppsala University helps the student grow in various ways and reach their goals and ambitions through a rigorous and competitive environment. This university also provides special guidance to international students by giving them one on one sessions and workshops with career counselors.
Cost of Studying MBA in Sweden
While the tuition fee for European/EU students is completely exempted, Sweden is quite an affordable study destination to pursue a globally accredited MBA from. The average tuition fees for MBA programs at universities in Sweden range somewhere around 20,000 EUR/year – 35,000 EUR/year. Here are the average annual tuition fee costs for major universities in Sweden:
-Karolinska Institute: 34,000 EUR
-Lund University: 21,000 EUR
-Uppsala University: 25,000 EUR
-Stockholm University: 25,000 EUR
MBA in Sweden: Popular Scholarships
To help international students cover the academic costs, Sweden offers a varied range of scholarships for MBA and master’s degree programs such as:
-Lund University Global Scholarship Programme
-The World Bank Scholarship and Fellows Program
-Open Society Foundation Fellowships and Scholarships
-The University of Gothenburg Study Scholarship
-Karlstad University Global Scholarship Program
-KTH Royal Institute of Technology Tuition Fee Waivers
-Swedish Institute Study Scholarships
-Chalmers IPOET Scholarships
-Halmstad University Scholarships
-Linnaeus University Scholarships
-Linköping International Scholarships
-The Visby Program Scholarships
-Mälardalen University Scholarships
-Blekinge Institute of Technology Scholarship Program
-University of Borås Tuition Fee Waivers
In addition, the following documents must be submitted by the students to the universities in Sweden.
-Standard X, XII, and bachelor’s degree mark sheets and other education transcripts
-TOEFL or IELTS scores obtained via the internet
-Tests scores of GMAT/GRE
-TISUS language test results are only used to participate in Swedish programs.
-Two letters of recommendation are needed (LOR)
-Updated resume and/or CV
-Statement of Purpose
-A certified copy of your passport
MBA in Sweden Without IELTS
Sweden is the greatest choice if you want to study in Europe without IELTS. If you meet the following conditions, you can study in Sweden without IELTS.
-Students who have a degree comparable to a Swedish candidate examination in the principal field of English can study without an IELTS program.
-Universities of Sweden can be studied without IELTS by students having 60 ECTS credits or the equivalent credits of an EU/EEA nation or Switzerland, where English was the medium of instruction of the courses.
-Students from Pakistan with a Bachelor’s degree in engineering, computer applications, computer science, the natural sciences or technology, medicine, pharmacy demonstrated that the English language of instruction and may study in Sweden without IELTS. The language of instruction is English.
Study MBA in Sweden for Free
Due to Sweden’s membership in the European Union (EU), the tuition fee regulations for nationals also apply to citizens of the EU/EEA, other Nordic countries, and Switzerland or a legal permanent resident of Sweden. Fees are often waived for exchange students whose studies are guided by agreements between Swedish and foreign universities. If you hold a passport from the European Union/European Economic Area or Switzerland, you can study for free in Sweden! If you have a passport from another country, the cost will be higher. Since the fall semester of 2011, the Swedish government has started charging nominal tuition fees or administration fees from students from outside the EU/EEA and Switzerland. Tuition prices today range from SEK 80,000 (about 8,000 Euros) per year to 190,000 SEK (approximately 19,000 Euros) per year, depending on the subject and university you desire to attend. A bachelor’s degree program is often significantly less expensive than a generic master’s degree like MBA. Although it may be an expensive choice for some, students who choose to study in Sweden will obtain superior education that will open doors to institutions all over the world and provide interesting employment prospects after graduation. Here is a long list of universities that are providing free education to students:
-Stockholm School of Economics
-Stockholm School of Theology
-Stockholm University of the Arts
-University of Borås
-University of Gothenburg
-University of Gävle
-University of Skövde
-Luleå University of Technology
-Mid Sweden University
-Royal Institute of Art
-Blekinge Institute of Technology
-Chalmers University of Technology
-Ersta Sköndal University College
-GIH – the Swedish School of Sport and Health Sciences
-KMH – Royal College of Music in Stockholm
-KTH Royal Institute of Technology
-SLU – Swedish University of Agricultural Sciences
-Sophiahemmet University College
Part-Time MBA in Sweden
An EMBA, often known as an Executive MBA, is a graduate-level business degree designed for professionals and executives. It enables individuals to pursue business executive education while also working. Given below is a list of the popular executive or part-time MBA courses/programs that are available in Sweden.
Job Prospects Post MBA in Sweden
Swedish pupils are taught essential abilities in employability such as creativity, criticism, and team skills. MBA programs in Sweden work in strong collaboration with businesses, allowing students to combine their studies and job. One should realize that if the student is not European-born, hiring in Sweden will require a few steps. That said, Sweden has been recognized as home by major multinationals such as Volvo, IKEA, H&M, and so on. An MBA in Sweden is quite beneficial where students may expect successful jobs in finance, public management, accounting, consultancy, retail management, international marketing, policy consulting, and more.
MBA in Sweden: Visa Requirements
International students wishing to study MBA in Sweden must apply for a resident permit in Sweden. The Swedish migration agency does this, however, it is handled in Pakistan through the Swedish Embassy and Consulates. Furthermore, the visa application lasts around 90 days (on average) following submission. The price for Sweden’s educational resident’s permit is SEK 1000. At the time of application, the following papers/documents are necessary:
-Copy of the passport, that has the validity of 6 months at the time of application.
-Enrolment letter from any of the universities in Sweden stating the duration of the course
-Proof of financial statements
-Health insurance paper
-You will be also required to write and present valid and reasonable reasons in the written essay as to why you wish to study in Sweden.