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Explore the Cost of Pursuing an MFin Program in France

MFin in France: Tuition Fees, Living Expenses & Related Cost

France, renowned for its prestigious universities and thriving financial sector, is an ideal destination for those aspiring to excel in finance. Let's explore the cost of Master in Finance in France, including tuition fees, living expenses, and related costs.

Join us as we explore the intricacies of cost of Master in finance in France, from tuition fees to living expenses and beyond. This interactive blog aims to empower you with valuable insights as you navigate your academic journey in this prominent European financial hub. 

Tuition Fees of Top Universities for MFin

Schools Course Fee Course Duration
HEC Paris € 43,900 10 months
EDHEC Business School €28,950 10 - 16 months
ESCP Business School €29,100 15 months
ESSEC Business School €30,000 1-2 Years
Emlyon Business School  €27,900 2 Years

While pursuing a Master's in Finance colleges in France is undoubtedly rewarding, planning your cost of Master in Finance in France is essential. Tuition fees can vary depending on the university and living expenses in France can amount to approximately €800 to €1,500 per month, depending on your lifestyle and location you choose.

Luckily, many scholarships and financial aid options are available to international students, helping alleviate some financial burdens. Universities and external organizations offer scholarships based on academic merit, financial need, and other criteria.

Cost of MFIn in France

HEC Paris

HEC Paris is renowned for its academic rigour and high-quality faculty. Graduates from the HEC Paris Master in Finance program are well-equipped for careers in finance, including roles in investment banking, asset management, corporate finance, and more.

HEC Paris offers various scholarships and financial aid options to eligible students. If you are considering the program, explore the cost of a master's in finance for HEC Paris.

  • Program Name: Master in Finance (MSc in Finance)
  • Duration: one-year, full-time program
  • Tuition Fees: € 43,900

EDHEC Business School

EDHEC Business School consistently ranks among the top business schools globally, and its Master in Finance program is highly regarded. Its strong alumni network and industry connections can be valuable for networking and career opportunities. This school's Master in Finance program provides students with a strong foundation in finance, practical experience, and valuable networking opportunities. Here is the cost of Master in finance in France for EDHEC Business School.

  • Program Name: Master in International Finance
  • Duration: 10 to 16 months
  • Tuition Fees: €28,950

ESCP Business School

ESCP Business School, often called ESCP Europe, is one of Europe's leading business schools with a strong reputation for its Master in Finance program.  This school has a strong alumni network and often facilitates networking events and career opportunities for its students.

This program includes opportunities for hands-on learning through internships, consulting projects, or financial simulations. Let us explore the cost of Master in finance in France at ESCP Business School

  • Program Name: Master in Finance (MSc in Finance)
  • Duration: one-year, full-time program
  • Tuition Fees: €29,100

ESSEC Business School 

ESSEC Business School is a prestigious business school in France known for offering a top-notch Master's in Finance program. Graduates from ESSEC's Master in Finance program have excellent career prospects, with opportunities in investment banking, asset management, financial consulting, and other finance-related roles. Below is the cost of a Master in finance in France for ESSEC Business school

  • Program Name: Master in Finance (MSc in Finance)
  • Duration: one-year, full-time program
  • Tuition Fees: €30,000

Emlyon Business School 

Graduates from Emlyon's Master in Finance program often find themselves well-prepared for careers in finance, including roles in investment banking, asset management, corporate finance, and more.

This Emlyon program provides students with in-depth knowledge and skills in finance, including financial markets, investment, risk management, and financial analysis. 

  • Program Name: Master in Finance
  • Duration: one year in duration
  • Tuition Fees: €27,900

Living Expenses for MFin in France

MFin in France: Living Expenses

When contemplating pursuing a Master in Finance in France, understanding the cost of Master in finance in France is as crucial as selecting the right program and university. The cost of MFin in France can vary widely based on the university, location, and individual circumstances.

So, It's essential to research and plan your finances carefully, considering tuition, additional expenses, and available financial aid opportunities to make it a bit easier on your wallet.

The cost of Master in finance in France may include annual ranging from €10,000 to €30,000

Average student accommodation costs in France 

The average student accommodation cost for a Master's in finance in France typically exceeds the international average of 200 – 300 EUR/month. The primary housing options for students in France include:

1. Student residence halls: These typically cost around 200 EUR/month on average, except in Paris, where prices may reach 400 EUR/month. Despite being one of the most popular options, demand often surpasses supply, especially in major cities.

2. Renting or sharing an apartment: This option costs 400 to 700 EUR/month (800 EUR/month in Paris). Small apartments can be found in smaller French cities for about 300 EUR/month.

3. Accommodation for couples or families: Rent for such accommodations typically ranges from 700 to 1,000 EUR/month, with higher prices for city centre apartments. Utility bills, including electricity, water, and internet, may add another 200 EUR/month.

4. Host families: In Paris, rates for staying with host families range from 200 to 800 EUR/month. Additionally, international students can access VISALE, a program that guarantees rent payments.

However, VISALE is only available to international students renting apartments or rooms in university residences (student halls) which is essential to check under cost of Master in finance in France.

Housing Option Average Monthly Cost (EUR) Notes
Student Halls of Residence 200 (average), 400 (Paris) It is a popular option, but demand often exceeds the supply
Renting/Sharing an Apartment 400 - 700 (800 in Paris) Prices vary depending on location, and smaller cities offer lower rates
Accommodation for Couples/Families 700 - 1,000 Higher prices for city center apartments utility bills add around 200 EUR/month.
Host Family 200 - 800 (in Paris) The range of rates available offers a homely environment
VISALE Program N/A Acts as a guarantor for rent payments, available only for students renting in university residences

Food costs in France

Cost of MFin in France

Food costs in France vary depending on the region, but French cuisine is renowned for its delicious and sophisticated flavours. While there's a common perception that dining in France can be expensive, the reality is more nuanced.

On average, a person can expect to spend around 250 – 300 EUR per month on groceries in Paris, with lower costs in rural areas. Dining out also offers a range of options to suit different budgets. The least expensive restaurants typically charge between 10 and 15 EUR for a meal, while gourmet establishments may have higher prices. This is quite crucial to consider when calculating cost of Master in finance in France. 

For a more affordable dining experience, restaurants, brasseries, and crepe stands offer substantial meals at prices ranging from 5 to 8 EUR. Supermarkets like Leclerc and Géant Casino offer the best value for grocery shopping.

Regarding dining options, the Courtepaille restaurant chain, Buffalo Grill, and budget-friendly eateries like Michi in Paris provide affordable yet satisfying meals highly essential to check for cost of Master in finance in France.

Food Costs in France Details
Monthly Grocery Expenses (Paris)

Average of 250 – 300 EUR

Meal at Least Expensive Restaurant Between 10 and 15 EUR
Meal at Gourmet Restaurants Varies, often more expensive
Affordable Dining Options
  • Bistros, Brasseries, Crepe Stands: 5 to 8 EUR
  • Supermarket Shopping (e.g., Leclerc, Géant Casino)
  • Budget-Friendly Restaurants (e.g., Courtepaille, Buffalo Grill, Michi in Paris)

Navigating Transportation and Managing Extra Costs as an International Student in France

Transportation and additional expenses are crucial considerations for international students for cost of Master in finance in France. Understanding the costs associated with transportation, health insurance, and other essentials can help students plan their budgets effectively.

Here's a comprehensive guide to navigating transportation and managing extra costs while studying in France:

Transportation Costs: Taking transportation expenses into account is essential when considering cost of Master in finance in France. 

Public Transport Pass: A monthly bus, metro, or tram pass typically ranges from 30 to 75 EUR. This pass provides unlimited travel within designated zones and is a convenient option for daily commuting.

Taxi Fare: Taxis are relatively affordable in Paris, with around 1.50 EUR per kilometre fares. A short journey within the city usually costs between 7 to 10 EUR.

Bicycle Rental: The Vélib bicycle rental program offers a convenient and eco-friendly transportation option. Bordeaux, renowned as France's most bike-friendly city, provides extensive bike-sharing services for students to explore the city leisurely.

Train Travel: Utilizing the TGV (Train à Grande Vitesse) enables students to explore other cities in France conveniently. Trips typically cost around 30 EUR, offering an efficient means of travel for weekend getaways or exploring the country.

Extra Costs and Savings:

Health Insurance: International students are required to have health insurance coverage during their stay in France. The cost ranges from 20 to 50 EUR per month, depending on the level of coverage selected. Securing comprehensive health insurance ensures access to quality medical care and financial protection in emergencies.

Learning Materials: Budgeting for books and learning materials is essential for academic success. Students can expect to spend around 50 EUR monthly on textbooks, study guides, and other educational resources.

International Youth Travel Card: Investing in an international youth travel card offers significant discounts on sightseeing tours and cultural attractions across France. This card provides valuable savings for students exploring the country's rich cultural heritage and iconic landmarks which is essential for cost of Master in finance in France.

Scholarships and Financial Aid for MFin

Mfin in France cost

Pursuing a Master in Finance in France can be a rewarding academic and professional experience. These scholarships can help offset the cost of Master in finance in France and living expenses. Here are some of the top MS in business analytics in Canada scholarships:

Here are the top 3 scholarships for MFin colleges in France:

Scholarship Name Eligibility Criteria Benefits
Eiffel Excellence Scholarship

Open to non-French nationals.

Applicants must apply for a Master's in Finance program at a French institution, including eligible business schools and universities.

Candidates should be 30 years old or younger for Master's programs.

Monthly allowance: €1,031 for Master's students.

Covers living expenses, health insurance, and cultural activities.

Additional funding for travel and housing may be provided.

Duration: 12 to 36 months, depending on the program level.

Erasmus+ Master Scholarships

Applicants must be citizens of one of the eligible countries for the Erasmus+ program.

Applicants should have completed their undergraduate degree or be in the final stages of their bachelor's program.

The Master in Finance program chosen must be in a participating Erasmus+ program country.

Tuition Fee Coverage: Full or partial tuition fees for the Master in Finance program.

Monthly Stipend: To cover living expenses.

Travel Allowance: Financial support for travel costs related to the program.

Insurance: Health and accident insurance may be provided.

HEC Paris Foundation Scholarships

Open to candidates admitted to the HEC Paris Master in Finance program.

Based on academic excellence, leadership potential, and financial need.

Applicants from diverse backgrounds and nationalities are encouraged to apply.

Covers a portion of tuition fees.

Awardees may receive financial support based on individual circumstances.

Offers a prestigious opportunity to study at HEC Paris, one of Europe's top business schools.


Pursuing a Master's in Finance in France presents numerous benefits worth considering after you explore the cost of Master in Finance in France. Not only do you have the opportunity to study at globally renowned universities, but it also offers access to diverse career prospects. Additionally, being situated in one of Europe's premier financial hubs enhances your potential for professional growth and networking opportunities.

Are any scholarships available for international students studying in an MFin program in France?

Many universities offer scholarships specifically designed for international students enrolled in MFin programs. It's advisable to check with individual institutions for details on eligibility criteria and application procedures.


What is the typical duration and cost of MFin programs in France?

The duration of MFin programs in France varies but is typically 10-24 months. Tuition fees range from €26,900 to €71,985, depending on the university.

What are the living expenses for international students in cities like Paris, Grenoble, and Madrid?

 The cost of living varies by location and lifestyle. In Paris, it's approximately €2,150 for international students, while in Grenoble, it's around €1,697, and in Madrid, it's roughly €1,580.

What are the benefits of studying MFin in France?

Studying MFin in France offers access to renowned universities, diverse job opportunities, and immersion in a leading European financial hub, making it a promising choice for career enhancement.

Know Your Author
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Abhyank Srinet
Study Abroad Expert
Abhyank Srinet, the founder of, 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, 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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