Cheaper tuition cost than the UK, USA or Australia Choosing Switzerland is one of the best decisions because it is close to India unlike other countries such as the UK, USA or Australia. The cost of an MBA program is lower if compared with other popular destinations to study. Students can easily balance out the costs if they plan on their expenses wisely.
For e.g. Use of Public transport reduces the living cost).
The universities in Switzerland provide high-quality education and the nation attracts most of the foreign students due to plethora of attractive reasons. The nation also offers high-quality of life and high salary package. It is one of those countries that invests money on education system more. Students get great networking opportunities since the nation is a hub for European Business. Most of the universities in Switzerland are run by government, that are provided funds which makes tuition fees more affordable for the students.
There is plethora of MNCs that have set their base in Switzerland. Switzerland is one of the top wealthiest countries. The companies like Google, Nissan and McDonald’s have set their companies here. The MBA students get to work with these world-class companies since the universities in Switzerland are linked with them in business areas like banking, hospitality, chemicals and pharmaceuticals.
Students get to experience different cultures since people from various regions and countries reside in Switzerland. Students will have to work with people belonging to different countries. The most of the companies in Switzerland are global. This factor helps student to evolve into cross-cultural management. At some universities, international students account for as much as 40% of the student body.
The rate of crime is comparatively lower than other countries. Even at night, the Switzerland streets are safe for everyone especially females. This is one of the most appealing factors to choose Switzerland to study.
The sign boards on streets or shops are mostly in English or other languages. The Indian students will not find language a problem since English is spoken by majority people living in Switzerland. Even the locals understand English and the students wouldn’t have to learn a new language to communicate.
There are some distinct benefits offered by the universities in Switzerland:
Candidates should procure the following documents at the time of the admission:
|Intake session||September and February|
|Commencement of Classes||April|
|End of academic session||May|
Deadlines for the EU and Non-Eu students
The degree offered by the universities in Switzerland is accredited and recognized by the ACSBSP, The Accreditation Council for Business Schools and Programs. formerly the Association of Collegiate Business Schools and Programs, is a U.S. organization offering accreditation services to business programs focused on teaching and learning.
The council covers around 2,400 institutions globally.
Completing business program from any recognized university in Switzerland, students can easily find jobs in business sector in the nation. This includes jobs in traditional environment of business and government sector as well in finance field. Competition among students can be though and significant, it makes it little harder for students to get jobs of their choice.
The type of university is divided into two categories such as:
Tuition cost in public universities in Switzerland
The public universities in Switzerland receive outstanding funds which reduces the tuition cost of university and makes it more affordable for the students. The tuition cost is comparatively lower than that in the US and UK. Students going to Switzerland for exchange programs don’t have to pay any fee to the swiss universities. Tuition fees for students belonging to European countries and Non-European countries have same amount of fees set. Average tuition cost of an MBA course per year would be around 1,600 EUR per year Universities from Lucerne, Zurich, Neuchatel, Fribourg, Lugano and St. Gallen charge additional fees for the international students.
Tuition fees in private universities
The private universities have higher course fee since they do not receive any funds. The tuition cost of any private university would be somewhat between 1,500-16,000 EUR/ year.
Cost of living in Switzerland is expensive if compared with other popular destinations to study. It a tough challenge for students to manage their monthly expenses without compromising. Living costs all over Switzerland are expensive, and managing your monthly expenses without making any compromise could be a tough challenge in Switzerland. The students are advised to plan a budget of minimum 1,800 EUR per month including supplies, housing, tuition, food, leisure activities and transportation. Zurich and Geneva can burn your pocket since they are the costliest cities that require an average budget of more than 1700 EUR per month.
|Name of the city||Living Cost|
|Zurich||1,650 and 2,200 EUR/month|
|Bern||around 1,600 EUR/month|
|Basel||1,400 and 2,000 EUR/month|
Students are being hired for temporary internships and assignments by various organizations. Students studying in foreign universities in Switzerland or studying in universities of Switzerland can apply for the jobs in companies set-up there.
Students are advised to study about the current market situation before applying for work. Students are allowed to apply for jobs depending on the working hours.
The international rate of accommodation is 300 EUR per month and the rate of same in Switzerland exceeds that I.e. 600 EUR per month. The students belonging to European countries pays 7% of total expenses per month on transportation, 33% on housing and 8% on fees.
8% of the total population of foreign students choose halls of residence and other housing facilities. It has been noticed that the accommodation facilities and options in Switzerland are good since the average satisfaction rate of students is around 60% and around 68% of international students are satisfied with the housing facilities. The cost of hall of residence is around 450-800 EUR per month. If a student chooses to rent an apartment then it would cost around 700-1000 EUR per month for one BHK.
Some of the students choose to eat from restaurants on the odd occasion and buy the food from supermarkets. Some supermarkets offer discounts after 5 P.M. like 20-25% discounts can be availed on the items which are liable to rot. Food from supermarkets can cost around 300 EUR per month.
The local restaurants that are not so expensive and are easily affordable by the students cost around 11-21 EUR each person. Restaurants serving international cuisine have lower prices too. The most affordable place to eat is university dining place that would cost around 8-10 EUR. There are many departmental stores like Manor, Migros and Coop offering items at much lower price.
More than 11% of the students choose to walk around the city, other 10% use bicycles and another 10% choose public transport to travel. Students can get a pass valid for one month which costs around 60 EUR. The public tickets of transportation is applicable on ships, tramways, buses and trains in the major cities like Neuchâtel, Geneva, Zurich, Lausanne, Bern and Basel.
The type of Visa required to be attained is National Visa D, which allow students to study in Switzerland.
After getting acceptance from the university of the student’s choice, the student can apply for the VISA 3 months prior the course begins in the university he/she enrolled in. A student will have to wait for at least 84 days after applying for the VISA.
NOTE: Students are advised to apply for the VISA in advance or a few months the session starts in the university.
An applicant is supposed to pay 67 CHF at the visa centre or through bank, there is an option to pay the fee online too. Getting a health insurance is not mandatory for Indian students wishing to study in Switzerland. A service charge of 20 CHF is applicable.
The country is quite expensive when it comes to educational costs and living costs but there are various scholarships that help students to afford the fees of the program. The students can manage to study the desirable course in the country.
The Scholarships offered by different universities help students financially by reducing tuition costs in an international university. There are many scholarships offered to the international students who wish to study in universities in Switzerland.
The scholarships are offered to the students on the basis of:
Students can benefit around 13,700 EUR for just one year, there are possibilities of extension. Students have a great option to apply for loan without paying an interest. A student can get upto 11,000 EUR/ year. It covers 40% of the tuition fees and living expense.