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The ESSEC Master in Management (MiM) is one of Europe’s most reputed business programs, known for its flexibility and strong job outcomes. The total ESSEC MiM fees for the 2-year track are €52,000 for non-EU students and €44,600 for EU students, excluding a €6,000 deposit and service charges. These costs cover academic fees, global study options, and campus resources. In this blog, you’ll find details about tuition, living expenses, scholarships, and payment timelines.
ESSEC MiM Fees 2025
For Non-EU citizens planning to join the ESSEC MiM program, it's important to understand the full cost structure. The Intensive Track (1 year) has a total tuition fee of €40,000, which includes a non-refundable deposit of €6,000 and a one-time service fee of €2,230. The Flexible Track (2–3 years) comes with a total tuition fee of €52,000, also including the same €6,000 deposit and a service fee of €2,570. These costs are essential investments toward your academic growth and international career prospects at ESSEC.
Tuition Fees Breakdown
The tables below outline the fee structures for the ESSEC Master in Management program's intensive and flexible tracks, providing clarity and transparency to prospective students.
Intensive Track (1 year)
| Fee Description | Amount (EUR) |
|---|---|
| Total Tuition Fee | €40,000 |
| Non-refundable Deposit | €6,000 |
| Remaining Tuition Fee | €34,000 |
| One-time Service Fee | €2,230 |
Flexible Track (2-3 years)
| Fee Description | Amount (EUR) |
|---|---|
| Total Tuition Fee | €52,000 |
| Remaining Tuition Fee- Year 1 | €20,000 |
| Remaining Tuition Fee- Year 2 | €26,000 |
| Non-refundable Deposit | €6,000 |
| One-time Service Fee | €2,570 |
Additional Costs for ESSEC MiM Students
Apart from the total tuition, students should budget an additional amount for living expenses (housing, transportation, food, etc.) from €1,300 to €2,000 per month, depending on their lifestyle and preferences.
When considering your academic journey at ESSEC, it's essential to factor in living expenses alongside ESSEC MiM fees. As one of the top MiM colleges in France, ESSEC requires careful financial planning to cover accommodation, sustenance, transportation, and other miscellaneous costs. Let's unravel the intricacies of each category to help you navigate your budget effectively:
- Accommodation: Whether you opt for on-campus or off-campus living, accommodation costs vary. Expect to budget between €500 to €1,500 per month for rent, depending on your choice of shared apartment or student residence near ESSEC.
- Food: Monthly food expenses can range from €200 to €400, depending on your dietary preferences and cooking habits. Shopping smartly and cooking your meals can significantly help you manage your budget while covering ESSEC MiM fees.
- Utilities: Utility expenses, including electricity, water, heating, and internet, typically amount to €100 to €150 per person in shared accommodation.
- Transportation: ESSEC has multiple campuses, and transportation costs, which are an add-on to ESSEC MiM fees, may vary depending on the location of your accommodation and campus. Budget around €50 to €100 per month for public transportation or bike rentals, considering your commuting distance and choosing the most cost-effective option.
| Expense | Cost (Annual) |
|---|---|
| Accommodation | €6,000 - €18,000 |
| Food | €2,400 - €4,800 |
| Transportation | €600 - €1,200 |
| Utility | €1,200 - €1,800 |
Scholarships for ESSEC MiM 2025
Studying at ESSEC is a big investment, but the good news is that the school and the French government offer several scholarships to help reduce the financial burden. These scholarships reward strong academics, diversity, and leadership qualities, giving talented students a chance to make the most of the ESSEC MiM without being held back by costs. For the 2025 intake, here are some of the key scholarship options you can apply for:
| Scholarship Name | Description | Eligibility | Amount |
|---|---|---|---|
| ESSEC Academic Excellence | To sustain the academic excellence of the program. | All international candidates demonstrating high quality academic profile: outstanding GMAT score, strong motivation, etc. | Up to 40% of total tuition fees. |
| Diversity of Geography and Profiles | To sustain diversity of student body. | Be a citizen of all countries (except France). | Up to 25% of total tuition fees. |
| Eiffel Excellence Scholarship Program | The French Ministry of Foreign Affairs funds EIFFEL scholarship. | Reserved for non-French candidates, double nationality included, no older than 30 years old at the time the selection committee meets (around mid-March). | €1,181 monthly allowance, international return journey, and social security cover. |
| Bourse CROUS | Discount on tuition for CROUS scholarship holders enrolled in the Master in Management (MIM). | CROUS scholarship holders enrolled in the Master in Management (MIM) - Grande Ecole program. | Discount depending on the level of CROUS scholarship; €2,170 fee not included. |
Return on Investment (ROI) for ESSEC MiM Fees
Investing in an ESSEC MiM fee and program offers promising returns on investment. According to statistics, after three years, the average salary of ESSEC MiM graduates exceeds $100,000, with 95% of students securing employment within three months of graduation. On average, students experience a 69% increase in their salaries compared to their pre-MiM earnings. These figures highlight the value and potential career advancements that come with an ESSEC MiM program.
Let's analyze the ROI for both the Intensive and Flexible Tracks of the ESSEC MiM program:
| Program Track | Total Tuition Fee (€) | Average Salary After 3 Years ($) | ROI (%) |
|---|---|---|---|
| Intensive Track | €40,000 | $100,000 | 156.41% |
| Flexible Track | €52,000 | $100,000 | 100.40% |
Explore Part-Time Job Opportunities to Manage ESSEC MiM Fees
ESSEC offers part-time job opportunities in various sectors to its students, allowing them to gain valuable professional experience while supporting their financial needs to cover the ESSEC MiM fees. Here are some key job sectors where students can find part-time employment:
1. Hospitality Sector
The hospitality sector in France offers numerous part-time job opportunities in restaurants, hotels, and resorts. With hourly wages ranging from €10 to €13, students can earn extra income while gaining valuable work experience. This helps students to cover ESSEC MiM fees.
2. Freelancing
Freelancing allows ESSEC MiM students to work remotely in various fields, such as writing, graphic design, and web development. Students can take advantage of freelance opportunities to supplement their income and enhance their skills.
3. Delivery and Transportation
The on-demand delivery industry in France has seen significant growth, offering part-time job opportunities with hourly wages averaging between €10 to €15. ESSEC MiM students can explore roles in delivery and transportation to earn additional income to cover the ESSEC MiM fees.
4. Tutoring and Teaching
For students with specialized knowledge, tutoring and teaching part-time jobs can be lucrative options. Teaching English as a second language, for example, can fetch hourly wages ranging from €20 to €25, providing students with a rewarding and financially beneficial opportunity.
Work Hour Restrictions for Indian Visa Holders
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Indian students studying in France on a student visa must be aware of the work-hour restrictions stipulated by visa regulations.
- According to the ESSEC MiM website, Indian students on a student visa are permitted to work a maximum of 964 hours annually. During the academic year, students from India generally have a limit of approximately 20 hours of work per week.
- It's important to note that during holidays and breaks, students have the flexibility to work full-time should they choose to do so. These restrictions are in place to ensure a balance between academic commitments and work responsibilities, allowing students to prioritize their studies.
- By understanding and adhering to these work hour restrictions, Indian students can optimize their academic and work experiences while studying at ESSEC in France.
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Conclusion
The ESSEC MiM fees might seem high at first, but this program gives real value through strong career outcomes, an international network, and great learning opportunities. With tuition between €40,000 and €52,000 plus living costs, it’s important to plan your budget well. The good news is that ESSEC offers scholarships, financial aid, and part-time job options to help reduce the overall cost. Most graduates see their salaries grow quickly, often crossing $100,000 within just a few years, which makes the investment worthwhile. If you’re looking for a world-class MiM in Europe, ESSEC is a smart choice that can open doors to a successful global career.
