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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.
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
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
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 |
|
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
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. |
Conclusion
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.
