Financing Your Studies

Financing Your Studies

ESSEC is committed to providing a quality business education to talented students at a cost that is within their reach. Scholarships, apprenticeships, company partnerships and agreements with financial institutions make this goal possible by supporting both academically gifted students as well as students with demonstrated financial need.

Financing Your Studies

Scholarships

Government Scholarships

EIFFEL Scholarships

EIFFEL Scholarships are granted by the French government to exceptional candidates from emerging countries, who wish to pursue a master’s degree or a doctoral program. ESSEC applies on behalf of those eligible students admitted by the end of the first admission session.
 
Scholarship Amount: up to €1,181 per month for masters programs and €1,400 per month for doctoral grants. The scholarships cover additional expenses including travel, health insurance and cultural activities. Tuition fees are not covered by the scholarship.
Duration: 2 years maximum
 
For more information, visit the Campus France website or download the brochure
 

IDF Scholarships

As part of an initiative to support students’ international mobility, the Ile-de-France region has established Ile-de-France Master’s Scholarship, intended to allow institutions of higher education in the Paris region to welcome foreign students. ESSEC applies on behalf of two eligible students each year.
 
Scholarship Amount: €10,100
Duration: the scholarship is awarded for one year of a master’s degree (first or second year). For more information

Company Scholarships

ESSEC offers companies the opportunity to support a scholarship program which allows high-achieving international students to pursue their studies in Europe and to obtain international experience.
 
Companies are given the option to sponsor students who are working on projects related to their industry.
 
The corporate scholarships are open to the following programs:
• MBA in Hospitality Management
• Advanced Master’s in Strategy & Management of International Business
• Advanced Master’s in Financial Techniques, Financial Markets & Corporate Finance track (in France only)
• MBA in International Luxury Brand Management
 
The scholarship recipients are selected based on an application file submitted by the program.
 
These scholarships can cover registration and tuition fees and/or student living expenses.
 
Principal scholarship partners are:
Accor, BNP Paribas, Crédit Agricole, Firmenich, L’Oréal, Orange, Richemont, Roche, sanofi-aventis, Servier-Pfizer, Thales, Faurecia, Total  and the French Ministry of Foreign and European Affairs (MAEE).

Program Specific Scholarships

Every year, ESSEC grants Excellence Scholarships for a varying number of outstanding international MSc in Management candidates.
On average, Excellence Scholarships vary from € 15,000 to € 20,000 and result in a fee-waiver for that amount.
 
To be considered for the Excellence Scholarship, applicants must:
• Satisfy the admission standards for the MSc in Management program
• Send the completed application file for the MSc in Management
• Have a competitive GMAT or Tage Mage score
• Be of non-French origin (candidates holding dual citizenship, including French nationality, will not be considered)
 
Global MBA specific scholarships also exist. The four main scholarships are the:

  • Excellence Scholarships
  • Diversity Scholarships
  • Entrepreneurship Scholarships
  • Leadership in emerging markets

 
Additionally, the program also has a special ‘loan of honor’
For more information

 

Financial Aid

Apprenticeship

Apprenticeship is one way some students choose to finance their studies at ESSEC.
 
The work study program at allows students to alternate course work with real-world professional experience in a company.
 
The company with which a student signs an apprenticeship agreement covers the tuition fees and pays the student a salary during the entire term of the contract.
 
Apprenticeships are available to students in the MSc in Management and certain Advanced Master’s programs under the age of 26 who have a certain level of proficiency in French. For more information

Bank Loans

Banks in Cergy offer ESSEC students loans at preferential rates, which can be paid back following graduation.
ESSEC has also established a partnership with the bank Le Crédit Lyonnais in Cergy to offer financing that covers full tuition fees for any of the academic programs.
 
Loan applicants are required to have a guarantor who is a French citizen, living in France, who earns enough to cover the monthly loan payments.
 
Additional fees and expenses will be the responsibility of the student.
 
Loan Amount: Variable
Duration: can last approximately eight years including
                  deferred payment