Many students seek out other nations to complete their medical degrees, especially in Europe. The cost of studying medicine in Europe is surprisingly more reasonable than in India.
Many private universities in India charge nearly 40 to 50 lakhs per annum for a medical degree. In comparison to this, several European nations with their inexpensive medical education have emerged as promising choices for these students.
European institutions are a popular choice among students due to their cutting-edge facilities and academically outstanding professors. In this blog, we’ve discussed the cost of studying medicine in Europe.
Cost of Studying Medicine in Europe
One of the biggest benefits of studying MBBS in Europe is the ability to save money with European medical education while still receiving an excellent education. The approximate cost of an MBBS in Europe in Indian rupees is as follows.
| University | Fees/Year |
| European University | 5000 USD (INR 3.7 lakhs) |
| Lviv National Medical University | 4900 USD (INR 3.6 lakhs) |
| Ivane Javakhishvili Tbilisi Medical University | 6000 USD (INR 4.4 lakhs) |
| Taras Shevchenko National University | 6000 USD (INR 4.4 lakhs) |
| Bogomolets National Medical University | 5500 USD (INR 4.07 lakhs) |
| Gdansk Medical University | 12,000 USD (INR 8.8 lakhs) |
Now, when it comes to living expenses while studying in Europe, they might change depending on the nation you have selected as well as the place where you will be residing.
Following is the average cost of living in Europe.
| Country | Average Living Costs to Study in Europe (Per year) |
| Belgium | 10,200 -11,400 EUR (8.56 – 9.57 lakhs INR approx.) |
| Netherlands | 9,600 -13,200 EUR (8.6 – 11.8 lakhs INR approx.) |
| Austria | 11,400 EUR (9.57 lakhs INR approx.) |
| Denmark | 14,400 EUR (12.9 lakhs INR approx.) |
| Ireland | 12,000 EUR (10.7 lakhs INR approx.) |
| Finland | 9,600 EUR (8,6 lakhs INR approx.) |
| France | 9,900 EUR (8.3 lakhs INR approx.) |
| Germany | 10,200 EUR (8.56 lakhs INR approx.) |
| UK | 12,180 EUR (10.22 lakhs INR approx.) |
| Switzerland | CHF 22,734 (18.02 lakhs INR approx.) |
| Norway | NOK 139,680 (10.78 lakhs INR approx.) |
| Spain | 10,800 – 13,200 EUR (9.05 – 11.07 lakhs INR approx.) |
| Russia | RUB 242,160 (2.51 lakhs INR approx.) |
| Sweden | SEK 96,000 (99,600 INR approx.) |
Top Courses offered by European Medical Universities
The top programs provided by European medical colleges are listed below.
| Courses | Duration |
| MBBS/ MD | 6 years |
| Dentistry | 5 years |
| Pharmacy | 4 years |
| Nursing | 4 years |
Eligibility criteria for studying medicine in Europe
The fundamental qualifying requirements for studying medicine in Europe vary depending on the program; we have listed the basic eligibility criteria for studying medicine in Europe below:
- You must be at least 17 years old on December 31 of the admittance year or older.
- The 10+2 standard test must be passed with a scientific degree.
- You must have Physics, Chemistry, Biology, and English as subjects in 12th grade.
- Additionally, you must receive at least a 50% on your 12th-grade exam.
- In order to apply for MBBS in Europe, you must pass the NEET test.
- At the time of admission, all original documentation must be shown.
Top Universities to Study Medicine in Europe
If you want to enroll in one of the next intakes, these are the top universities in Europe for medical studies:
- Ivane Javakhishvili Tbilisi Medical University
- European University
- Taras Shevchenko National University
- Bogomolets National Medical University
- Lviv National Medical University
- Gdansk Medical University
Different investment options to fund your child’s cost of studying medicine in Europe
There are several investment opportunities to help pay for your child’s medical studies in Europe. Fixed deposits and other traditional products might not be enough to cover your child’s educational costs.
It is crucial to take other products into account, such as shares, balanced funds, and equity funds. You can select one of the following investment techniques based on your time frame:
- If your child will want the money within five years, debt mutual funds are the best choice. Such funds have the ability to produce returns that are higher than the rate of inflation while also supplying liquidity.
- For long-term objectives, you can combine several financial instruments. Gold, equities, and debt are all investment options available to you. Buying stocks gives investors the chance to eventually generate more money, even if exposure to the stock market may be dangerous.
- One of the best investment alternatives for supporting a child’s education is the PPF. To amass significant wealth, you must begin this early and invest consistently.
- A variety of Child-focused services are offered by several insurance companies. When your kid needs the money to pay for higher schooling, you could opt to set more responsible regulations in place.
Children’s investment plans can assist you in preparing financially for rising education costs, unexpected illnesses, and unfortunate circumstances.
As soon as you can, you should start making plans for your child’s future. By doing this, the associated risks are dispersed and your assets have more time to grow.
