Loan of Honor
A cornerstone of an ESSEC education and a defining element of our mission and identity as an institution is humanism, our belief that actors in society must be guided by reason, ethics, and justice. We are dedicated to forming future business leaders in this vein. In a period of shifting global economies, ESSEC recognizes that the ability to finance an MBA can often present a major obstacle for even the most capable and resourceful candidates. We wish to stand beside our students as they make this critical investment in their education and future.
For this reason, the ESSEC Foundation will grant a limited number of interest-free Loans of Honor to those admitted applicants for the 2013/2014 academic year who present a truly excellent candidature for the Global MBA program.
Our hope is that this Loan of Honor opportunity will facilitate the decision-making process and ease the immediate financial burden of an MBA for exceptional students who wish to join the Global MBA. We have every confidence that we will see a return on this investment through our students’ post-MBA pursuits and successes.
Candidates wishing to apply for the Loan of Honor must notify the admissions committee of their desire to do so when they submit their application for admission and complete a special section of the online application that includes two essay questions. Pending acceptance to the Global MBA, their application for the Loan of Honor will be evaluated and they will be informed as to the jury’s decision at the time of admission.
The Loan of Honor will be in the sum of 33,000€, which amounts to full tuition excepting the required 5,000€ seat deposit and the 7,000€ international fee, a fixed expense that includes travel, accommodation, and administrative costs associated with the Singapore term, the Field Trip, and the International Immersion Project. Additional expenses such as housing and course materials will be incurred by the student. Recipients who are granted the Loan of Honor will agree to repay the full loan amount after graduation in annual, salary-based installments.
This loan is distinct from the merit scholarships offered by the Global MBA, which are granted on the basis of a candidate’s application and profile at the time of acceptance by the admissions committee and are not to be repaid.