The Copenhagen Full-time MBA
Fees and Funding
Tuition Fee and Other Expenses
How much will I have to pay?
These estimates of expenses are provided as a guide only. They are calculated on the basis of a single student during their one-year stay in Copenhagen. However, we strongly advise that you estimate your own personal cost of living before committing to the course.
A non-refundable reservation fee is required within three weeks of your acceptance of a place in the programme. This deposit is applied towards the cost of the full tuition fees.
Tuition fees: payment breakdown
The DKK 330,000 tuition fees should be paid in instalments as follows:
DKK 33,000 (within three weeks of accepting a place in the programme)
DKK 148,500 (by July)
DKK 148,500 (by January)
Please note: Tuition fee is payable in Danish Kroner only. The indications in EUR and USD are based on the exchange rate per May 2020. Students from outside of the EU have to pay an additional student tax of approx. 15.000 DKK.
If you wish to take part in the one-week optional pre-MBA course to refresh your financial skills (costing approx. DKK 7,000)
There is no charge for making an application to the Copenhagen MBA.
Help to Finance Your MBA
If you are a Danish national or have lived in Denmark for an extended period of time financial help may be available to you. You can find more information below and on the website for the Education Ministry.
We offer a number of scholarships for exceptional candidates joining the Full-time MBA.
These are funded by:
The Danish Society for Education and Business (DSEB)
DSEB scholarships could offset up to 30% of your tuition fee, and allocation is based on merit. Please note that admission decisions will be made prior to the decision on the scholarships, so due to the limited number of available scholarships, we advise candidates to also look for alternative sources of funding.
How did the Copenhagen MBA pave the way for a career in Denmark? Meet Swati Seth, DSEB scholarship recipient, in this video.
Mission statement from DSEB
“DSEB believe that attracting students from abroad brings long-term value to the Danish business environment. CBS’s Full-time MBA programme has a proven track record of enabling students to get employed and stay in Denmark when they have attained their diploma. DSEB is proud to be part of this. The ties between Danish Society for Education and Business (DSEB) and CBS go back more than 100 years, when DSEB founded Denmark’s first school of commerce which became the basis for the current CBS. DSEB’s main purpose is to support the education a highly skilled workforce with the right set of qualifications to the benefit of Danish companies and the Danish society as such. Through the Full-time MBA programme, DSEB give students from a broad range of countries the opportunity to study in Denmark.”
In cooperation with e-fellows.net, CBS offers an MBA scholarship worth 40% of tuition each year to an alumnus of the e-fellows network. You can read more about the scholarship by visiting the e-fellows website.
Waldemar Schmidt Scholarship
To be eligible, students must be accepted into the Full-time MBA programme at Copenhagen Business School. Applicants should contact the Full-Time MBA Admissions Manager, following which an interview will be conducted to evaluate scholarship prospects. Learn more about the Waldemar Schmidt scholarship in this video. You can also download the pamphlet, here.
CBS Executive Scholarship of Excellence
The 'Scholarship for Excellence' will be awarded to candidates who demonstrate outstanding academic achievements, and whose background, work experience and personal profile contribute to the diversity in the MBA class. There are two scholarships for the 2021 intake. The candidates for this scholarship need to demonstrate at least three of the following requirements:
- Excellent academic qualification and performance
- Impressive career progression
- Leadership potential
- Passion for sustainability
- International experience
- A minimum GMAT score of 680
Some organisations offer financial aid that is not nationality specific.
- Richard Metzler AMCF Scholorship, www.amcf.org
- QS Quacquarelli Scholarship for Responsible Leadership & QS Symonds Community Scholarship, www.topmba.com/scholarships
Prodigy Finance believes in sending the world’s top talent to the globe’s best universities and are offering international students competitive loans without collateral or a co-signer. Their model is borderless and entirely online, offering loans to 150 nationalities, based on applicants’ future earning potential.
As an international full-time MBA student, you are eligible for Prodigy Finance loans.
Why choose Prodigy Finance?
• No collateral or co-signer required
• Easy and fast online process
• Community benefits including career services and scholarships
• No repayments while you study
• No penalties for early repayment
• No hidden costs
Interest rates vary depending on individual applicants. See more detail and get started on your application on Prodigy Finance’s website. NB here is a link to the jurisdictions Prodigy Finance cannot lend to.
Make your Prodigy Finance application here.
(Legal disclaimer) Prodigy Finance Ltd is incorporated in the United Kingdom (Company Number 05912562) and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713. Prodigy's registered address is Palladium House 1-4 Argyll Street, London, W1F 7LD
Students from the United States - Copenhagen Business School is approved for loans by Sallie Mae. Contact them about the "Smart Option Student Loan" - up to the amount of $45,500. Copenhagen Business School is also approved by FAFSA and our Federal School Code (FSC) is 03873300 FSC (038733).
FUNDING FOR WOMEN
Financial aid options specifically for women candidates. You can explore these websites:
- The MBA for Women Foundation, www.mbaforwomen.ch
- The American Association of University Women's Educational Foundation, www.aauw.org
- Canadian Federation of University Women, www.cfuw.org
OPPORTUNITIES IN YOUR OWN COUNTRY
Canadian Students - Copenhagen Business School is recognised by the Canadian Government's student loan programme, Can Learn. Visit their website for more information.
Colombian Students - COLFUTURO is an organisation facilitating access to further education for Colombian professionals interested in studying abroad. Individuals who are admitted into the CBS Full-time MBA programme are eligible to apply for the Student Loan Programme. Students are required to return to Colombia after completing their studies. More information is available at the COLFUTURO Website.
Danish Students - Danish students and those who have worked in Denmark for a set period are able to apply for SVU (Statens Voksenuddannelsesstøtte). This is a form of economic help for those who wish to take a further education. It can cover a substantial part of students living costs for the year. Visit the SVU website for further information. The full-time MBA programme is not part of the normal SU system, leaving SVU as the alternative.
Icelandic Students - Students from Iceland can look at the Association of Icelandic Students Abroad ( SÍNE ) who can provide an overview of available financing options. Alternatively Icelandic students can investigate the different options for scholarships from the Office of International Education.
German Students - Deutsche Bildung Student Funding offers a solution: Students from Germany may receive monthly payments and if needed one-time payments up to a total up to EUR 30,000. The repayment is income-linked, i.e. grantees are going to pay a fixed percentage of their future income for a fixed duration back to the study fund, once they have entered their first job successfully. Term, level and duration of repayment are individually fixed at conclusion of contract. Find out more at www.deutsche-bildung.de/auslandsstudium-finanzieren/
Norwegian Students - If you are a student from Norway you can apply for a special student loan. Norwegian students can also apply for funds to finance the tuition fee. Learn more about the opportunities on the Lånekassen website. Alternatively, you can visit Legathåndboken for information about other sources of scholarships.
Swedish Students - If you come from Sweden there are several options to choose from when funding your CBS MBA. As an MBA student you are entitled to get students benefits from the Swedish state (CSN). If you want to calculate how much you are entitled to receive during your education there is more information on CSN's website. It is also possible to seek loans for the admission fee but you will need to get in touch with CSN directly for exact information (phone: 0046 771-276 000).