Located alongside the Scandinavian Peninsula, the beautiful country of  Norway has become extremely popular among international students because of its beautiful environment, better living standards, strong financial base and exceptional education system. 

Sustainability, innovation, and quality education standards have made Norway the perfect destination for aspiring MBA students. Let’s discuss why you should pursue your MBA in Norwegian Business Schools, some of the most prestigious business schools, the criteria to get into them, and many other things about student life in the resplendent country.

Why Choose Norway for an MBA?

Norway currently hosts almost 13,000 international students, more than half of whom are non-EU/EEA students. These numbers show how popular the country is among international students.

The factors that make Norway so popular among international students include more than just its scenic beauties, such as the famous fjords or the cosmic veil of the Northern Lights. It is also among some of the world’s most prosperous nations, with steady investment in education, technology, and commerce. 

These should be enough to make Norway stand out. However, here are a few more reasons to choose Norway for MBA:

• High-Quality Education: Norwegian business schools maintain high educational requirements; most of their universities usually rank well in world university rankings. 
• Global Recognition: Most of their programs are recognised by accredited international bodies such as EQUIS, AACSB, and AMBA.
• Open-door Policy of Professors: Norwegian professors are known to be engaging and interactive towards students to encourage learning.
• Excellent Job Prospects: Business graduates from Norwegian business schools are well exposed to an effective job market. 95% of Business graduates from Norwegian business schools get a job, as per a report by the Norwegian Business School
• Free Education for All: Though the tuition in all the Norwegian state universities is free, international MBA students may incur some fees 
• Balanced Lifestyle: The country also boasts one of the highest living standards and some of the world's best-balanced working and living conditions. 

What are Some Top MBA Programs in Norway?

Thus, Norway is home to a few of the most prominent business schools that offer MBAs in a wide range of majors. Here are some of the top options

What are the  Admission Requirements for an MBA in Norway?

Regarding the admission process for MBA in Norway, students must fulfil the following criteria: academic, language, and work experience. While these can vary by program, here’s an overview of what most schools expect:

1. Bachelor’s Degree: A recognised undergraduate degree in management or any relevant subject from an accredited university.  With a CGPA of 3.5 or higher.
2. Work Experience: Many MBA programs in Norway, especially the executive MBA, usually admit students with 3-5 years of working experience. 
3. GMAT/GRE Scores: Though not always required for admission to all types of programs, it is beneficial if you have scored well in the GMAT or GRE, especially if you target the most prestigious school like BI Norwegian Business School.
4. Language Proficiency: The candidate must be proficient in English since MBA programs teach several languages, predominantly English. 

How Much Does Living as an MBA Student in Norway Cost?

The high cost of living in the country is well attributed, especially in major cities like Oslo and Bergen. Typically, it would cost around NOK 14,000- 15,000 to sustain one's living in the country for a year. 

Here’s a breakdown of typical monthly expenses:

• Accommodation: NOK 3,000 – 5,000 for student residents or others in the same flat.
• Food and Groceries: A sum of about NOK 3,000 – NOK 5,000 per month is required for funding.
• Transportation: Monthly tickets for public transport range between 400 and 500 NOK.
• Miscellaneous: Estimations regarding additional costs like health insurance, entertainment, and other expenses amount to 2000-3000 Norwegian Kroner.

What is life like for a Student in Norway?

Student life in Norway is active and full of variety. Norway offers a broad selection of student organisations and many activities, primarily through universities’ international student unions. These groups coordinate social functions, business opportunities, and community events, providing students with interfaces into Norwegian and global society. 

Most MBA programs also have affiliated clubs and associations, enabling students to collaborate on projects, share ideas, and connect.

Apart from academic and social activities, students can visit the picturesque nature of Norway. Sights, including hiking the fjords or skiing within the regions, northern lights guide, and sightseeing trips are within students’ reach to offer them balance in their MBA endeavours.

You might be interested Hult International Business School

What Career Prospects Exist After an MBA in Norway?

Norway is considered to have a highly developed economy; it also hosts many international companies, especially those linked to energy, the technology industry, finance, and marine. Norwegian companies actively seek MBA graduates to lead in areas such as:

1. Sustainable Business Development: Norway is rich in this area, and any MBA graduate who specialises in sustainability is likely to get a competitive advantage if it is in green energy and sustainability industries.

2. Technology and Innovation: Norway has companies like Telenor and DNB in the corporate world, so there is a great need for MBAs skilled in technology management and new technology development.

3. Finance and Consulting: As Norway's financial services industry expands, jobs in economic consulting, investment banking, or corporate finance positions are in increased demand.

Graduates aspiring to work in Norway after their MBA can apply for a post-study work visa, allowing them easier access to the country's employment market.

Things to Consider When Studying in Norway

• Research Programs Thoroughly: The Norwegian MBA programs themselves differ significantly in focus. Remember to choose one that fits your career plan, whether in energy, public management, or leadership in general.
• Consider Language Learning: Although most programs are in English, it is sometimes helpful to know basic Norwegian to maximise the opportunity to get a job in these markets.
• Engage with Local Networks: The country is friendly for business, and meeting with people through internships, alumni meetings, and networking sessions can be constructive. Engage with the local community to enhance your opportunities for effective networking.
• Embrace Norwegian Culture: If you want to improve your interpersonal or business relations with the Norwegians, knowledge of the Norwegians’ rather formal approach to communication, that they are strictly punctual, and equal opportunities country as well as truthful, will help you.

Also Read: 

Conclusion

Studying for an MBA in Norway is an enlightening journey that offers better quality education, ample jobs, and a work-life balance. Norway emphasises sustainability, innovation, and responsible business practices relevant to the new demands of the global business environment NAS. Thus, Norway is the right place to start as a business leader. From stable economics to spectacular views and environmentally friendly business, an MBA from Norway could be the key to a successful career.

If you are convinced and want to set sail for this new adventure, learn about the best programs, understand the admission criteria, and prepare yourself for the experience in Norway. Get in touch with the expert counsellors at CounsellingX today!