Choosing a master’s degree is not just about rankings and career opportunities. It is also about understanding the financial commitment involved before making a decision.
The ESSEC Master in Finance (MiF) is one of Europe’s most recognized finance programs, attracting students from around the world who want to build careers in investment banking, corporate finance, asset management, consulting, and fintech.
Before applying, it is important to understand the complete cost of studying at ESSEC, including tuition fees, scholarships, and living expenses.
This guide provides a detailed breakdown of ESSEC MiF fees and funding opportunities for prospective students.
Overview of the ESSEC Master in Finance
The ESSEC Master in Finance is offered entirely in English and is available on ESSEC’s campuses in France (Cergy) and Singapore.
The program is designed for students at different stages of their academic journey and offers two study formats:
- 2-Year Track (M1 + M2) for students entering after a bachelor’s degree
- 1-Year Accelerated Track (M2 Only) for candidates with previous postgraduate exposure in finance or a related field
The curriculum combines advanced finance theory with practical learning through internships, applied projects, and close interaction with industry professionals.
ESSEC MiF Tuition Fees
Tuition fees vary depending on the program track selected.
| Program Track | Tuition Fees |
|---|---|
| 2-Year MiF (M1 + M2) | €42,900 |
| 1-Year MiF (M2 Only) | €28,400 |
Important Notes About ESSEC MiF Fees
- Tuition fees remain fixed throughout the duration of the program.
- Fees include access to academic resources and career development services.
- Students are required to pay an admission deposit after receiving an offer.
- The deposit is deducted from the total tuition fee.
- Living expenses, insurance, and personal costs are not included in tuition.
Scholarships for ESSEC MiF Students
To help students manage the cost of studying abroad, ESSEC offers several scholarship opportunities.
Most awards are merit-based, while selected funding options are available through the ESSEC Foundation for students demonstrating financial need.
ESSEC Internal Scholarships
| Scholarship Type | Coverage | Selection Criteria |
|---|---|---|
| Academic Excellence Scholarship | Partial tuition waiver | Outstanding academic profile |
| Merit-Based Scholarships | Variable tuition reduction | Strong academic performance, GMAT/GRE scores, leadership potential |
| Diversity Scholarships | Partial tuition support | Contribution to cultural and geographic diversity |
| Early Application Award | Tuition fee reduction | Early application submission |
| ESSEC Foundation Financial Aid | Need-based grants | Demonstrated financial need |
One advantage for applicants is that most ESSEC scholarships do not require a separate application process. Eligible candidates are automatically considered during admissions.
External Funding Opportunities
In addition to ESSEC scholarships, students may explore external funding options.
Eiffel Excellence Scholarship
The Eiffel Excellence Scholarship is a prestigious French government funding program that provides financial support through a monthly allowance and assistance with living expenses.
Campus France and Country-Specific Funding
Depending on nationality, students may qualify for government-sponsored scholarships or institutional funding programs available through Campus France and partner organizations.
Education Loans
International students may also explore education loan options available through financial institutions and ESSEC’s financing partnerships.
Cost of Living for ESSEC MiF Students
Living expenses vary based on accommodation choices and personal lifestyle.
Students who choose shared housing or student residences can often reduce their overall costs significantly.
Estimated Monthly Living Expenses in France
| Expense Category | Estimated Monthly Cost |
|---|---|
| Accommodation | €600 – €1,200 |
| Food and Groceries | €250 – €400 |
| Transportation | €50 – €100 |
| Utilities and Internet | €100 – €150 |
| Health Insurance | €30 – €50 |
| Personal Expenses | €100 – €200 |
Estimated Annual Living Costs
Students should budget approximately €15,000 – €20,000 per year for accommodation, food, transportation, and personal expenses.
Total Cost of Studying ESSEC MiF
When tuition and living expenses are combined, the overall investment can be estimated as follows.
| Cost Component | Estimated Amount |
|---|---|
| Tuition Fees | €28,400 – €42,900 |
| Living Expenses | €15,000 – €20,000 per year |
| Miscellaneous Costs | €1,000 – €2,000 |
Estimated Total Program Cost
€45,000 – €65,000+
The final amount depends on the chosen program track, accommodation preferences, and individual spending habits.
Is ESSEC MiF Worth the Cost?
For many students, the value of the ESSEC Master in Finance extends beyond classroom learning.
The program offers:
- Strong career opportunities across Europe and Asia
- Access to an extensive international alumni network
- Practical finance training with industry exposure
- Internship opportunities integrated into the learning experience
- A globally recognized business school brand
For candidates seeking careers in international finance, the program’s combination of academic rigor and professional exposure can make it a compelling investment.
Final Thoughts
The ESSEC Master in Finance offers a clear and transparent fee structure, supported by a range of scholarship and funding opportunities.
Understanding tuition fees, living expenses, and available financial aid early in the application process can help students plan their finances more effectively.
With careful budgeting and scholarship planning, many students are able to reduce the overall cost of attendance while gaining access to one of Europe’s leading finance programs.
Frequently Asked Questions
How much does the ESSEC MiF cost?
The tuition fee ranges from €28,400 for the 1-year track to €42,900 for the 2-year track.
Does ESSEC offer scholarships for MiF students?
Yes. ESSEC provides several merit-based scholarships, diversity scholarships, early application awards, and need-based financial aid through the ESSEC Foundation.
What are the living expenses for ESSEC MiF students?
Students typically spend between €15,000 and €20,000 per year on accommodation, food, transportation, and other personal expenses.
Is a separate application required for ESSEC scholarships?
For most scholarships, students are automatically considered during the admissions process.
What is the estimated total cost of the ESSEC MiF?
The overall cost generally falls between €45,000 and €65,000+, depending on the program track and personal lifestyle choices.
