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Financing my MBA

An MBA is a big investment, both personally and financially, therefore it’s important to make sure that you have all the financial support and guidance you need to prepare for your MBA.

Start your application for September!

Tuition and Application Fees

2024 Intake 

Application fees: €130

Tuition Fees: €50,000*

*The tuition fee covers all academic courses, seminars, and business trips.

Additional Costs:

  • Alumni association life-long membership (€1,600 distributed in annual installments over the program duration)
  • Textbooks and course materials;
  • Compulsory health and liability insurance as required by law (certificate to be provided upon arrival);
  • Sports and leisure
  • Living Costs (Covering housing, food, and others): France: Approximately €900 - 1,000/month

Loans

Bank Loans

As an ESSEC participant, you may be eligible for a preferential rate bank loan with the Cergy branch of LCL, which covers full tuition and is repaid starting at the end of your first year of work. Please be advised that loan applicants are strictly required to have a guarantor living in France. According to the banks, the guarantor must earn enough to cover the monthly loan payments but also either be a French citizen, a close family member and/or both. Additional fees and expenses will be the responsibility of the participant.

Prodigy Finance

Participants from 150 different nationalities looking to apply to the Global MBA program may apply to Prodigy Finance loans. Contrary to the banks in France, Prodigy does not require a collateral or co-signer. These loans are granted on the participant's future earning potential and do not take into account credit history. Interested candidates may apply online on the Prodigy website. There is no hidden fee or early repayment fee. Interest rates may vary depending on individual profiles. Funds are directly dispersed to the school in euro (€), thus no exchange rates are borne by the participant. The sooner you apply, the better. We advise you to carefully go through the Prodigy website to check on your eligibility before applying.

Learn More

Apprenticeship

Apprenticeship: A unique "Learning by Doing" opportunity to finance your MBA

  • Schedule: 3 months at school - 3 months in the company, over the course of 2 years
  • Duration (school / company): 2 years of work-linked training 
  • For who?
    > professionals from 25 to 29 years old (below 30)   Exceptions: no age limit for professional athletes, handicapped professionals, and entrepreneurs (new or existing company) requiring the ESSEC diploma to launch their company

Advantages for candidates

  • 100% company sponsored program
  • A minimum wage salary
  • Access to a premium MBA program in a globally recognized business school

Advantages for companies:

  • Tax deductions and fiscal advantages
  • Access to highly qualified and well trained professionals (for 2 years)

CPF Funding

This program is eligible for French CPF funding.

Scholarships

ESSEC provides various merit-based scholarships based on their profile and experiences, both academic and professional. Take a look at our offer of scholarships and discuss them with our team of advisors. The earlier you apply for a scholarship, the higher your chances of being considered!

ESSEC Scholarships

Digital Transformers

This scholarship is awarded to candidates who have shown their contribution or involvement in the below-listed sectors aligned with ESSEC’s values and strategic challenges: Digital Transformation & AI.

Diversity & Inclusion

This scholarship is to support international diversity and inclusion in our cohort. It recognizes the academic and professional achievement of candidates who, through the sharing of their varied cultural perspectives, will enhance the cohort's worldview during the MBA journey.

Eligibility: Candidates are evaluated in terms of their academic and professional background, personality and uniqueness of profile. Candidates must highlight the unique or distinctive value that their individual profile would contribute to the class.

Early Bird

For the 2024 intake, the first applicants to enroll in the early Admissions Juries will benefit from:

  • an Early Bird Offer of €8,000 if you apply in the first 3 rounds
  • an Early Bird Offer of €5,000 if you apply in the following 2 rounds
Europeans Nationals

This scholarship is awarded to European candidates who are able to demonstrate potential to create an impact.

French Nationals

This scholarship is awarded to French nationals with real international experience looking to progress in their career.

High Potential

This scholarship rewards a candidate who has demonstrated exceptional academic achievements and career advancement. The amount of the scholarship will also take into account your management aptitude test score. (GMAT, GRE).

Eligibility: the ability of a candidate to demonstrate success in his/her career and who shows potential to evolve rapidly in a company or public organization.

Innovation & Entrepreneurship

This scholarship is awarded to candidates who have been involved in an onnavation oriented work environment or entrepreneurial project/start-up or plan to create one.

Eligibility: The candidate's ability to demonstrate the potential of developing a successful business or have the willingness to start a business.

International Experience

This scholarship rewards candidates who have either worked in an international environment or in several countries, have a deep understanding of intercultural business environments, and/or can speak several foreign languages.

Eligibility: Candidates must have a good understanding of international challenges and the nature of projects led abroad, and/or mastery of foreign languages, with the ability to demonstrate how these qualities have uplifted their careers

South African Nationals

> FirstRand Laurie Dippenaar scholarship
https://bursaries.firstrand.co.za/Bursary/FirstRandLaurieDippenaarScholarship
Value:  R1.5 million
Applications will open on Friday 15 December 2023 and close on Thursday 7 March 2024.

> CampusFrance
https://www.southafrica-france-scholarships.com/
Value: A full scholarship by the Embassy of France.

It includes:

  • The status of a France Excellence scholarship holder which includes social security, priority for accessing student housing, visa fee exemption and assistance offered by Campus France Paris.
  • A return flight ticket to France.
  • A monthly allowance approximately 850 euros
Sustainable Leaders

This scholarship is awarded to candidates who have shown their contribution or involvement in sustainaiblity challenges aligned with ESSEC’s values.

United States Nationals

The French-American Chamber of Commerce Foundation (FACC Foundation) was launched in 2012 to sponsor the training and education of the next generation of transatlantic business leaders through its highly selective "Serge Bellanger French-American Business Scholarship" Program.This scholarship is granted every year and provides multiple, merit-based scholarships. Each scholarship is worth $10,000 and exclusively covers academic tuition.

> Eligibility: Candidates must be American students who wish to pursue an MBA, a Master's degree or a Mastère Specialisé in a business-related discipline in France.

Candidate eligibility and selection criteria can be found here.

Deadline for scholarship application: March 31st, 2024

Applications will be under review by a jury during the months of April and May and scholarship winners will be notified in June.
Please email faccfoundation@faccnyc.org with questions.

Women Leaders

This scholarship is awarded to women who are driven to pursue positions of leadership in the future.

Eligibility: The leadership potential of the candidate will be assessed through her responsibilities, her involvement in clubs and organizations, her general visibility, and her career progression.

For any questions concerning
scholarship and financing help ...

Meet us

  • Feb 24

    Access MBA Fair | Bangalore, India

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  • Mar 01

    Webinar GMBA | The career guidance you need every step of the way

    Presented by Daphné Mathieu, Talent Center Manager 13:00 | Online session Sign up
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    Access MBA Fair | Lagos, Nigeria

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  • Mar 02

    Access MBA Fair | Mumbai, India

    Meet us in person in Mumbai! 11:15 | JW Marriott Mumbai Juhu Sign up
  • Mar 07

    Access MBA Fair | Johannesburg, South Africa

    Meet us in person in Johannesburg! 16:30 | The Leonardo Sign up

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