The cost of an MBA in Europe has plummeted, thanks to a strong dollar

Fortune

(Poets&Quants) — Add one more upside to the European MBA for U.S. students. Already, MBA programs in Europe offer an advantage to many students in their typical one-year length, cutting tuition along with opportunity costs. And the top European B-schools tend to accept higher percentages of applicants with lower GMAT scores than highly ranked U.S. schools.

Over the past year, the strength of the U.S. dollar versus the euro has drastically discounted the price of a European international MBA, and led, school officials say, to increased interest from American would-be MBAs. The euro has plunged from a high of around 1.4 dollars per euro in May 2014 to 1.1 now, making it 21% cheaper for students who use dollars to pay European MBA tuition.

INSEAD’s current tuition of 65,800 euros costs $71,557 in dollars – but if the euro hadn’t fallen since this time last year, that price…

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