ESCP MIM Fees: Program Cost, Financial Aids, ROI & More

Are you interested in joining ESCP Business School's Master in Management (MIM) program? Before you take the leap, let's talk about the fees. In this blog post, we'll review everything from ESCP MIM Fees to additional charges and how they differ for EU and non-EU citizens. Whether you're considering applying or just curious, this post will give you all the information you need to know about ESCP MIM fees. Let's dive in!

ESCP MIM Fees: An Overview

Are you considering enrolling in ESCP Business School's Master in Management (MIM) program starting in September 2024? Here's what you need to know about the MIM Fees: For EU citizens, the annual fee is €22,200*, while non-EU citizens will pay €25,800* per year. These fees are important to consider as you plan your educational journey. Whether you're from the EU or beyond, understanding the financial commitment is key to making an informed decision about pursuing the ESCP MIM program.

It's important to note that these ESCP MIM fees include a €1,000 service fee, covering administrative costs for European and non-European students. ESCP Business School aims to provide a world-class education, and these tuition fees contribute to maintaining high-quality academic standards and comprehensive student support services.

In addition to ESCP MIM fees for tuition, there are certain additional charges that students may encounter based on their circumstances and degree awards. It is essential to know these fees to plan your financial commitments accurately. They include:

• Application Fee: This fee is payable when submitting your application to ESCP Business School. It covers administrative expenses related to the admission process.
• Remedial Semester Fee: This fee applies to students who have not previously studied management and are required to enrol in a remedial semester of prerequisite courses. It helps cover the additional academic support and resources provided during this period.
• Additional Degree Fee: This fee applies if you choose to pursue an additional degree from an ESCP campus other than Paris. It covers the administrative costs associated with managing multiple degree programs.
• Financial Implications for EU and non-EU Citizens: The tuition fees for EU and non-EU citizens differ slightly, with non-EU citizens paying a slightly higher amount. However, various factors such as scholarships, financial aid, and living expenses should be considered when evaluating the overall financial implications.

Living Expenses for ESCP MIM

When considering pursuing the Master in Management (MIM) program at ESCP Business School, it's essential to understand the financial implications beyond tuition fees. One significant aspect is the cost of living, which includes accommodation, food, transportation, and other necessary expenses. Here's an estimate of the monthly living costs for ESCP Europe students across different campuses:

Note: These figures are indicative and may vary based on accommodation type and lifestyle choices.

Scholarships Available to Cover ESCP MIM Fees

ESCP Business School offers various need-based and merit-based scholarships to assist students in financing their MIM education and cover ESCP MIM Fees. Need-based scholarships are available to European and non-European students admitted through specific admissions paths.

1. Financial Need-Based Scholarships

Are you a prospective student seeking financial assistance to pursue your academic dreams at ESCP Business School? Dive into the details of our Financial Need-Based Scholarships to see if you qualify:

Eligibility Criteria

• Available for European and non-European students admitted through specific paths, including PREPA, Engineering Partner Schools, top-level athletes, Talent Spring, and ESCP Direct Admissions.
• Ineligible categories include apprentices, incoming double degree students, specific non-European students, visiting students, and certain scholarship holders.

CROUS Criteria

• Students eligible for CROUS scholarships (levels 4 to 7) receive full tuition fee exemption covering all study years and related fees.

Application Process

• Applications open in June/July preceding entry.
• Required documents include financial statements, proof of citizenship, and CROUS certification, if applicable.
• Awards were announced in October and deducted from first-year tuition fees.

2. Merit-Based Scholarships

Are you ready to be rewarded for your academic excellence? Explore ESCP Business School's Merit-Based Scholarships and uncover the opportunities that await:

Eligibility Criteria

• Non-European students from ESCP Direct Admissions or SAI paths are eligible.

Awards

• Merit-based scholarships range from 25% to 100% of first-year tuition fees.

Renewability

• Applicable for M1 only and not renewable for M2.

This comprehensive overview of ESCP's scholarship offerings ensures that you have all the necessary information to make informed decisions and pursue financial support for your Master in Management (MIM) program.

Part-Time Job Opportunities to Manage ESCP MIM Fees

Pursuing an ESCP Master in Management (MIM) program can be financially challenging, but securing part-time employment can help alleviate the financial burden. Many ESCP MIM students successfully balance their studies with part-time jobs, leveraging their skills and knowledge to earn additional income. These part-time positions not only provide financial support but also offer valuable work experience and networking opportunities. By carefully managing their time and prioritizing their academic commitments, ESCP MIM students can find part-time jobs that align with their interests and career goals while contributing to their overall educational experience.

Here are some popular part-time job options that can help you manage your ESCP MIM fees:

• Tutoring: Tutoring students in subjects like mathematics, economics, or foreign languages can be a lucrative part-time job. Experienced tutors can earn up to €30 per hour.
• Social Media Manager: Businesses often hire part-time social media managers to create and manage their online presence. This role can pay between €15 to €25 per hour.
• Data Entry Clerk: Data entry clerks are responsible for inputting and organizing data into computer systems. This position typically pays around €12 to €18 per hour.
• Virtual Assistant: Virtual assistants provide administrative support to clients remotely. Depending on their skills and experience, they can earn between €10 and €20 per hour.
• Freelance Writer: Freelance writing opportunities, such as blog posts, articles, or web content, can provide flexible income. Freelance writers can earn €0.10 to €0.50 per word.

Here is a table showing the average hourly wages for various part-time jobs that can help you manage your ESCP MIM fees:

Understanding the Student Visa Work Hour Restrictions

Indian students pursuing higher education abroad often have specific work-hour restrictions based on their student visa regulations. It's crucial to be aware of these restrictions and plan accordingly. While the specific restrictions may vary, Indian students on a student visa are generally permitted to work for up to 20 hours per week during term time and full-time during scheduled breaks or vacations.

Adhering to these regulations is important to maintain legal status and focus on academic progress. However, if you want to explore more, you can get help from the consultants and learn more about the ESCP MIM program. 

Conclusion

In conclusion, embarking on ESCP Business School's Master in Management program is a significant investment in your future. You can make informed decisions about your education by understanding the costs involved, including tuition fees, living expenses, and available scholarships. With opportunities for part-time employment and careful financial planning, you can navigate the financial aspects of your journey effectively. Remember, your investment today lays the groundwork for future opportunities and success. With determination and strategic planning, your ESCP MIM experience can be a transformative step towards your career aspirations.