Cost of Living for MBA in Hungary

More and more students are choosing to study MBA in Hungary, mainly due to the country’s low tuition fee for MBA studies and the availability of a wide range of English-taught MBA specializations. But what about the cost of living in Hungary to study MBA programs? When Calculating the living cost for Indian students in Hungary per month to study MBA, consider the expenses of housing, clothing, food, healthcare, transportation, education, and other additional expenditures.

While accommodation makes up the largest portion of the living expenses for an Indian student in Hungary, transportation and food expenditures are also important factors. So, the estimated cost of living in Hungary while studying MBA generally ranges between €5, 000 and €7 000 per year for international students. Though the living expenses in Hungary for non-EU MBA students largely depend on the city where they choose to live, it is worth noting that a student’s spending habits may also have an important role. In his scenario, careful budgeting can help you reduce the cost of living in Hungary. Besides this, you can also use your student ID card to avail discounts on leisure activities, food, and transportation, further bringing down the cost of living in Hungary while pursuing MBA.

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To know more about the cost of studying and living in Hungary, consult the study counselors at GoHungary.

MBA students in Hungary can choose to stay in university dormitories, private flats, or shared flats. Though accommodation makes a major part of your living expenses while studying MBA in Hungary, you need not break the bank.

The most affordable option would be the dormitories on-campus accommodation at the universities. On-campus accommodation costs for MBAs in Hungary may range between €720 and €960 per year based on the types of amenities available. Most university dormitories feature basic amenities, like desks, bedding, kitchen, electricity, and bathroom facilities. Shared flats can also be affordable, with annual rent ranging between €1, 200 and €3, 000.

Shared apartments include basic utilities like a bathroom and kitchen, but you need to share the same with your partners or friends. And if you do not like sharing apartments with anyone, prepare to pay between €3 600 and €5 000 for personal spaces or private apartments in Hungary. For further details, reach the GoHungary study counselors now.

Food will not cost much if you eat at the university canteens or cook your own meals. Opting for restaurant food can be heavier on the pocket. Nevertheless, plan your food expenditure to range between €120 and €200 per month while staying in Hungary for your MBA studies. To reduce this cost further, you can try the food at affordable takeout options and inexpensive restaurants. The average healthcare cost in Hungary for international students may range between €200 and €300 per year, while the cost of transportation may come up to €300 per year.

For further details about the cost of living in Hungary while pursuing an MBA, rely on the study experts at GoHungary. We can also help you with 100% scholarship guidance and student loan approval at lower interest rates so you can manage your living and studying expenses in Hungary through available funds. Connect with us now!

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