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ESSEC Global MBA Fees: Program Cost, Scholarship, ROI & More

Are you ready to elevate your career and expand your horizons with a prestigious ESSEC Global MBA? The allure of this renowned program is undeniable, promising a comprehensive grasp of global business intricacies. Yet, we cannot ignore the financial considerations that come with such a transformative journey. In this blog post, we'll navigate through the ESSEC Global MBA fees and expenditures, while also uncovering potential scholarship avenues to alleviate the financial investment. Join us as we pave the way for your success in the world of international business.

ESSEC Global MBA Fees

ESSEC Global MBA Fees

ESSEC Global MBA fees: €50,000 for the 2024 intake

Upon embarking on the journey of pursuing an ESSEC Global MBA (offered by one of the best MBA colleges in France), prospective students are often presented with a formidable financial obstacle that looms ominously on the horizon. While the ESSEC Global MBA fees do cover the fundamental academic courses, seminars, and business trips, it is imperative for aspiring scholars to bear in mind the additional expenses, too.

A prudent approach to this matter would entail a thorough analysis of the overall financial landscape. Beyond the core ESSEC Global MBA fee, students need to be mindful of the various other charges that may arise, including accommodation, travel expenses, textbooks, and other learning materials.

ESSEC Global MBA: Living Expenses in France

ESSEC Global MBA: Living Expenses in France

As an aspiring MBA student, it is essential to be financially prepared for the cost of living expenses, which encompass accommodation, food, transportation, and other utility expenses. The add-on expenses to the ESSEC Global MBA fees are subject to variation, contingent upon the location, lifestyle choices, and preferences of the individual. Below are the details for the additions :

1. Accommodation

The ESSEC Global MBA program offers students a plethora of on-campus and off-campus accommodation options.  ESSEC students can also choose to rent off-campus apartments; however, the cost for one-bedroom apartments in Paris starts at €800 per month. 

2. Food

The additional cost to ESSEC Global MBA fees during the MBA program can fluctuate significantly depending on whether students opt for on-campus dining or venture off-campus for meals. If students choose to dine in the student dining hall, they can expect to spend approximately €5 per meal. On the other hand, meals outside range around €15 per meal.

3. Transportation

It is a crucial aspect of managing living expenses, which are an add-on to ESSEC Global MBA fees for the students. The Réseau Express Régional (RER) system is an affordable and convenient option for travelling in the Île-de-France region. RER fares depend on the number of zones, and students can purchase a monthly pass for €84.10 or a weekly pass for €30. 

4. Utility

In terms of the additional cost to the ESSEC Global MBA fees for students enrolled in the ESSEC Global MBA program, utility expenses are a significant factor to consider. Luckily, the cost of utilities is generally included in the on-campus accommodation fee, which covers heating, electricity, and internet. 

Below is a table that depicts the living expenses in France:

Expense Cost (annual)
Tuition  €50,000
Food  €3,600
Accommodation  €5,520
Transportation  €840
Utility  €1,175

Unlocking Opportunities: ESSEC Global MBA Scholarships

ESSEC Global MBA program acknowledges the importance of providing financial support to international students, and therefore offers several scholarships for deserving candidates. Indian students applying for the ESSEC Global MBA program can avail themselves of the following five scholarships to support their studies, which will cut down the hefty ESSEC Global MBA fees:

1. ESSEC Excellence Scholarship

This scholarship is awarded to outstanding candidates who demonstrate exceptional academic achievements, professional experience, leadership potential, and personal qualities. It aims to attract high-calibre students to the ESSEC Global MBA program.

2. ESSEC Diversity Scholarship

This scholarship is intended for candidates from diverse backgrounds who contribute to the multicultural environment of the ESSEC Global MBA cohort. It emphasizes the value of diversity and inclusivity within the program.

3. ESSEC Foundation Scholarship

ESSEC Business School's foundation provides the ESSEC Foundation Scholarship and supports deserving students based on their financial need, academic excellence, and potential for future success. It aims to make the ESSEC Global MBA more accessible to talented individuals who may require financial assistance.

4. ESSEC Future Leaders Scholarship

This scholarship targets candidates who exhibit strong leadership potential and demonstrate a clear vision for their future career goals. It seeks to nurture and support future leaders in business and management through the ESSEC Global MBA program.

5. Eiffel Scholarship (French Government Scholarship)

The Eiffel Scholarship is a prestigious scholarship offered by the French government to international students, including those from India, who wish to pursue their studies in France. It covers a significant portion of tuition fees and living expenses for selected students, including those enrolled in the ESSEC Global MBA program.

These scholarships collectively aim to attract a diverse and talented pool of students to the ESSEC Global MBA program while also providing financial support to deserving candidates. They reflect the school's commitment to fostering academic excellence, diversity, leadership, and accessibility in higher education.

ESSEC Global MBA: Maximizing Your Return on Investment

When evaluating the merits of investing in an MBA, calculating the return on investment (ROI) serves as a pivotal step. Understanding this metric is fundamental in assessing whether the expenses associated with the ESSEC Global MBA are justified in the long term. ESSEC Global MBA graduates typically command an impressive starting salary, with figures averaging over €117,000 per annum.

Let's delve into the ROI formula to gain insights into the tangible benefits:

ROI = (Post-MBA salary - Total investment) / Total investment

Metric Value
Post-MBA Salary €117,000
Total Investment €60,635
ROI 92%

By applying this formula to the ESSEC Global MBA scenario, we can discern that graduates stand to reap substantial returns, with an ROI of 92%. This figure underscores the program's potential to yield significant dividends on the initial investment, reaffirming its stature as a pathway to lucrative career prospects.

Part-Time Jobs and Potential Earnings

In today's highly competitive academic and professional landscape, individuals are often searching for ways to augment their income while juggling various responsibilities. One potentially lucrative avenue is securing a part-time job. Here are five sectors providing part-time job opportunities and their average hourly wages, which will aid in covering ESSEC Global MBA fees:

1. Retail

The retail sector is a prolific source of part-time job opportunities in France. Such jobs often entail working in stores as sales associates or cashiers. The compensation package offered to part-time retail workers in France generally ranges between €11 and €12 per hour.

2. Hospitality

The hospitality sector in France is yet another domain offering a plethora of part-time job opportunities to job seekers. The sector's job roles can range from serving or bartender in a restaurant to working in hotels and resorts. The sector offers a wage rate of €10-€13 per hour for part-time workers in France. This hourly rate may vary depending on the job position and the candidate's experience.

3. Freelancing

Engaging in freelance work is a potential option for individuals seeking flexibility in their work arrangements, as it affords the opportunity to work remotely from any location with an internet connection. Freelance job opportunities span a variety of fields, including writing, graphic design, web development, and more. 

4. Delivery and Transportation

The burgeoning on-demand delivery industry in France has created a surge in part-time job opportunities for delivery and transportation workers. Those seeking part-time work can explore the different options available in the delivery and transportation industry. Hourly wages can vary, with an average of €10-€15 per hour, contributing toward the coverage of ESSEC Global MBA fees.

5. Tutoring and teaching

For individuals with specialized knowledge in a particular subject, part-time jobs in the tutoring and teaching sector can be an excellent opportunity. These positions can entail teaching English as a second language. Hourly wages for such positions typically range from €20-€25 per hour, which is a major contribution toward the coverage of ESSEC Global MBA fees.

ESSEC Global MBA Fees: Student Visa Work Hour Restrictions

ESSEC Global MBA Fees: Student Visa Work Hour Restrictions

The ESSEC Global MBA is a highly sought-after program that attracts students from all over the world, including India. However, Indian students pursuing the program in France look forward to part-time opportunities to cover the ESSEC Global MBA fees, which may be subject to certain work-hour restrictions due to visa regulations.

  • As per the guidelines set by the French Embassy in India, Indian students with a student visa can work up to 964 hours per year to cover ESSEC Global MBA fees and other expenses. Which is 20 hours per week during the academic year.
  • It is crucial for Indian students to acknowledge that the aforementioned restrictions are inherently mutable and susceptible to flux, contingent upon the prevailing regulations at any given time.

Conclusion

The ESSEC Global MBA program epitomizes excellence in business education, placing a premium on immersive, experiential learning. While the initial investment may seem significant, the program's track record speaks volumes, showcasing its ability to propel graduates towards remarkable career advancements and transitions. With its unwavering commitment to fostering global business leaders, coupled with the availability of diverse scholarship opportunities, the ESSEC Global MBA remains a beacon of opportunity for those ready to seize the reins of their future in the dynamic landscape of international business.

What are the eligibility criteria for ESSEC Global MBA scholarships?

The eligibility criteria for ESSEC Global MBA scholarships vary depending on the specific scholarship. However, common criteria may include academic merit, professional experience, leadership potential, financial need, and diversity considerations.

How can I apply for ESSEC Global MBA scholarships?

To apply for ESSEC Global MBA scholarships, candidates typically need to indicate their interest during the application process and submit additional documentation or essays as required. Detailed instructions for scholarship applications are usually provided on the ESSEC Business School website or application portal.

What is the Return on Investment (ROI) of the ESSEC Global MBA program?

The ROI of the ESSEC Global MBA program refers to the value gained from the program relative to the cost of tuition and other expenses. Factors influencing ROI include career advancement opportunities, salary increases, networking opportunities, and personal development.

Are there any additional financial aid options available for ESSEC Global MBA students?

In addition to scholarships, ESSEC Global MBA students may explore other financial aid options, such as student loans, employer sponsorships, external grants, and part-time work opportunities.

Can I work part-time while pursuing the ESSEC Global MBA program?

While pursuing the ESSEC Global MBA program, students may have the option to work part-time, depending on visa regulations, program requirements, and individual circumstances. However, it's essential to balance work commitments with academic responsibilities.

Know Your Author
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Abhyank Srinet
Study Abroad Expert
Abhyank Srinet, the founder of MiM-Essay.com, is a globally recognized expert in study abroad and admission consulting.His passion lies in helping students navigate the complex world of admissions and achieve their academic dreams. Having earned a Master's degree in Management from ESCP Europe, Abhyank's expertise in data-driven marketing strategies has driven growth for some of the most competitive industries. As the founder of MiM-Essay.com, he has helped thousands of students get into top business schools with a strong emphasis on research, shortlisting, and applying to schools from a single platform. His dedication to education has also led him to create MentR-Me, a free-to-use social platform that simplifies the study abroad process for students, while providing universities with a powerful recruitment tool. As a leader in the field of admission consulting, he is constantly researching and implementing the latest strategies to ensure that his clients receive the best possible guidance. He leads the Business Development and Digital Marketing side of both companies, and has grown both ventures to 7 figure revenue.His unique insights, experience, and dedication to his clients make him a valuable resource for anyone seeking to advance their education or career.
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