Table of Contents
Key Takeaways
- Get a detailed breakdown of the INSEAD Business School MBA fees.
- Understand the total cost of the program, including tuition and additional expenses.
- Learn about available scholarships and financial aid options to help manage costs.
- Explore payment plans and strategies for financing your MBA.
- Plan your budget effectively to cover all aspects of your MBA journey at INSEAD.
Introduction
Understanding the cost of an MBA is a crucial part of planning your educational journey. If you're considering INSEAD Business School, knowing the INSEAD Business School MBA fees is vital for budgeting and financial planning. This guide provides a detailed overview of the tuition and associated costs, helping you prepare for this significant investment in your future.
Unlocking Success: INSEAD MBA Tuition Fees
The INSEAD Business School MBA Fees for the August 2024 intake is €99,500.
One of the most crucial factors that aspirants consider while applying for an MBA program is the cost of tuition fees. INSEAD, one of the top business schools in the world, offers a full-time MBA program that spans over 10 months. As per the latest information available on the official website, the insead business school mba fees for the August 2024 intake are €99,500. However, it is essential to note that the fees are payable in instalments.
Apart from the standard insead business school mba fees, the tuition fees cover a host of other services, including access to the INSEAD library, on-campus information technology services, printed course materials, language tuition and testing, student council fees, gym access, business cards, printing, and health insurance. It is crucial to keep in mind that the cost of living and other expenses such as accommodation, food, and travel is not included in the tuition fees..
Overall, while the INSEAD Business School MBA fees may seem high, the benefits and ROI of the program are well worth the investment. Additionally, the school offers several scholarships and financial aid options that can help ease the financial burden for deserving students.
Surviving France: Navigating Living Expenses
In addition to INSEAD Business School MBA Fees, Indian students also need to understand the living expenses during the MBA programme at INSEAD vary based on a participant's lifestyle, family situation and financial means. According to a survey of INSEAD students, a single participant can expect to incur the following basic expenses during the ten-month programme.
| Basic expenses | Fontainebleau | Singapore |
| Accommodation (includes utilities and charges) |
€11,000 | €17,000 |
| Local Transport | €730 | €1,000 |
| Meals | €6,000 | €6,700 |
| Telephone | €250 | €200 |
| Car Lease | €3,900 | Not Applicable |
| Laptop | €1,000 | €1,000 |
| Miscellaneous (i.e. books, relocation expenses, excluding leisure) |
€1,600 | €1,600 |
| Field Trips | €3,000 | €3,000 |
| Travel for Exchange and Job Search | €2,500 | €2,500 |
1. Accommodation
The cost of accommodation can vary depending on location and living arrangements. For example, a single participant can expect to pay around €11,00 for accommodation in Fontainebleau, France, and €17,000 for accommodation in Singapore for the ten-month programme.
2. Car Lease
In Fontainebleau, in addition to INSEAD Business School MBA Fees, students may choose to buy or lease a car, which can cost around €3,900 for the ten-month programme. However, in Singapore, most MBA participants use public transport.
- If we talk about average accommodation charges, then in Singapore, it is €33,050, and in Fontainebleau, it is €29,980 with car lease and €26,080 without car lease
3. Field Trip
If participating in a field trip, expenses will vary depending on airfare, meals, accommodation, and other associated costs. Typically, students can expect to spend around €3,000 for the Fontainebleau field trip and €2,700 for the Singapore field trip.
4. Local Transport
In Fontainebleau, a monthly transportation pass (Navigo) costs €65.20, while in Singapore, students can purchase a transportation pass (EZ-link) for €8 and top it up depending on their travel needs.
5. Meals
Besides INSEAD Business School MBA Fees, students can expect to spend around €6,000 for meals in Fontainebleau and €6,700 for meals in Singapore for the ten-month programme. Both campuses offer inexpensive meal options at their cafeterias.
6. Miscellaneous
(i.e. books, relocation expenses, excluding leisure)
Students can expect to spend approximately €1,600 on books during the programme.
It's important to note that these expenses are estimates and can vary depending on each participant's family situation, lifestyle choices, and financial means.
Please refer MBA Financing for detailed analysis of INSEAD MBA Financing option
Unlocking Opportunities: Scholarships & Financial Aid
To cover INSEAD Business School MBA program Fees, the program offers over 150 types of scholarships for its MBA program. These scholarships are available at both Fontainebleau and Singapore campuses. There are three categories of scholarships available, including need-based, merit-based, and spot scholarships. The spot scholarships are awarded immediately without the need for applications based on exceptional admissions profiles.
Some of the available scholarships include:
The need-based scholarships include:
- Alumni Fund Robin Hood Scholarship: This scholarship is awarded based on work experience, achievements, and personal profile, contributing to the diversity at the school. The amount awarded can be up to € 25,000 (INR 21,95,750).
- Need-based Scholarship: This scholarship is awarded to those who demonstrate financial assistance requirements. The amount awarded is € 12,000 (INR 10,53,960).
- Alumni Fund Diversity Scholarship: This scholarship is awarded to those who are from underrepresented regions or backgrounds. The amount awarded is €10,000 (INR 8,78,300).
The non-need-based scholarships include:
- Alumni Fund Special Profile Scholarships: This scholarship is awarded to candidates with unique profiles, such as those from emerging markets or those with exceptional leadership potential. The amount awarded can be between € 10,000 – € 25,000 (INR 8,78,300 – 21,95,750).
Unlock Your Side-Hustle Potential: Part-Time Work Opportunities
As one of the best MBA colleges in France, INSEAD offers Indian students the opportunity to manage MBA fees by engaging in part-time jobs in France and Singapore. However, it's important to note that such opportunities are not available in Abu Dhabi due to visa restrictions. Key part-time job options include:
- Tutoring: With potential earnings of €15-€50 per hour, students proficient in languages, math, or science can offer tutoring services.
- Hospitality: Positions like waiters or bartenders typically pay around €10-€15 per hour.
- Retail: Part-time jobs in retail stores can earn €9-€15 per hour.
- Internships: These not only help cover some MBA costs but also provide valuable experience.
These part-time roles can significantly reduce the financial burden of INSEAD Business School MBA Fees, with students potentially earning a few hundred to a few thousand euros monthly.
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Conclusion
Considering an INSEAD MBA? It's a solid investment despite the hefty price tag. The return on investment is substantial, and INSEAD offers scholarships to aid those who need financial support. However, careful financial planning is crucial. Factor in tuition fees and living costs based on your campus choice. Keep in mind work-hour restrictions in France and Singapore for part-time jobs, especially for Indian students. Ready to make the investment in your future?
