The Copenhagen Full-time MBA

Funding your MBA

What are the costs involved and what financing options are available to me? Here’s where you’ll find all the details about paying for your tuition.

Tuition fees and other expenses

Application fee
There is no charge for making an application to the Copenhagen MBA.

Tuition fee
For the Copenhagen MBA programme commencing in September 2018, the tuition fee will be DKK 330,000. Costs for text books, transportation, lodging and other living expenses for a single student are estimated at DKK 138,000 for the one-year programme. Non-EU students pay an additional administrative fee of approx. DKK 16,200. A non-refundable reservation fee is required upon acceptance to the programme. This reservation fee is DKK 33,000 and must be paid within three weeks of your acceptance of a place in the programme. This deposit is applied towards the cost of the programme.

Payment breakdown
The reservation and tuition fees may 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)

Breakdown of estimated expenses

Below is a breakdown of estimated expenses for an MBA student in the Copenhagen MBA programme starting in 2018:

Estimated expenses 2018-19      
Programme tuition fee* DKK 330,000 EUR 44,000 USD 51,000
Housing 72,000 9,700 11,000
Food/personal expenses 48,000 6,500 7,300
Books 18,000 2,400 2,700
Estimated total (excluding tuition fee) 138,000 18,600 21,000

Tuition fee is payable in Danish Kroner only. The indications in EUR and USD are based on the exchange rate per July 2017. Students from outside of the EU pay an additional fee of approx. DKK 16,200.
Alternative ways of financing your Copenhagen MBA
There are various alternatives available for Danes and non-Danes who have been living in Denmark for an extended period. You can find more information on the website for the Education Ministry.

Scholarships

CBS SCHOLARSHIP
We offer a limited number of scholarships for exceptional candidates joining the full-time MBA. These are merit-based regardless of your nationality, although we do also offer some merit- and country-specific scholarships. Decisions on scholarships are announced each year at the end of February and at the end of May. Please note that admission decisions will be made prior to decision on the scholarships. Due to the limited number of available scholarships, candidates should actively look for alternative sources of funding.

E-FELLOWS SCHOLARSHIP
In cooperation with e-fellows.net, CBS offers an MBA scholarship worth 30% 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.

TALENTIA Fellowship (Andalusia)
The Ministry of Economy, Innovation, Science and Employment in Andalusia has launched the TALENTIA Fellowship Programme which will grant 60 fellowships for postgraduate studies at institutions of high prestige abroad. The fellowships are addressed to university graduates with outstanding intellectual and human excellence, an international profile and commitment to the development of Andalusia. For more information visit the TALENTIA Fellowship website.

WALDEMAR SCHMIT SCHOLARSHIP
To be eligible, students must be accepted into the Full-time MBA Program at Copenhagen Business School. Applicants should contact the Full-Time MBA Admissions Manager. Following which an interview will be conducted to evaluate scholarship prospects. Please see video on the Waldemar Schmidt scholarship details

PDF iconWaldemar Schmit Scholarship.pdf

For more scholarship opportunities please review PDF iconscholarship_and_funding_by_country_and_schools_2017.pdf
Financial aid

WORLDWIDE FUNDING
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
 
FUNDING FOR WOMEN
Financial aid options specifically for women candidates

- The MBA for Women Foundation, http://www.mbaforwomen.ch
- The American Association of University Women's Educational Foundation, www.aauw.org
- IFUW International Fellowships, www.ifuw.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 positive 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 - 
The financial support programme of Deutsche Bildung offers a loan solution of up to EUR 25,000 for students from Germany who may receive monthly payments and if needed one-time payments. 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. In addition to the financial funding Deutsche Bildung supports the personal development of the grantees systematically by the extra-curricular program “WissenPlus” that focuses on the improvement of important competencies by a wide range of online- and live-services. Find out more at on their website.

Norwegian Students - 
If you are a student from Norway you can apply for a special student loan for the amount of NOK 89,000. 40% of the loan will be granted as a scholarship upon completion of the programme. Norwegian students can also apply for funds to finance the tuition fee. However the maximum amount here is NOK 54,590. 30% of this will be in the form of a loan. 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).

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).

 

The page was last edited by: Full-time MBA // 12/12/2017

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