FAQs
1. Why is IUM special in terms of its degree courses?
2. Where can I find the University policies and rules governing IUM?
3. Is the school accredited?
4. What about International memberships?
5. What's the application deadline?
6. Could I come and visit?
7. What are your tuition and fees?
8. How can I pay my application, tuition and fees?
9. What type of IT access and services do you offer?
10. What about Internships and Career Advising?
12. What types of jobs do your students find after graduation?
13. Does IUM offer financial assistance?
14. Where is Monaco and how can I get there?
15. Who do I contact if I have additional questions?
16. What's the difference between the 3-year BSBA and the 4-year program?
17. Is it possible to transfer from my university to IUM? And if so, what are the requirements?
18. What happens if I fail one course?
19. Is it possible to study abroad?
20. What about my English level ?
21. What's an ESL class?
22. Do you offer the TOEFL exam session?
23. Do you offer the TOEIC exam session?
24. What makes the MonacoMBA so unique?
27. Give us an example of how a student could tailor his/her program.
29. What's the GMAT exam?
30. Do you offer the GMAT exam?
31. Is it expensive to live in Monaco?
32. What's the average price for housing?
33. What kind of housing service do you provide?
34. Is there an orientation day for new students?
35. Is there a student association?
36. What kind of activities (sports, leisure) can I do at IUM?
37. Are books and supplies included in the tuition cost?
Why is IUM special in terms of its degree courses?
IUM is a truly multi-cultural environment, set in the heart of Monaco,
and this year we have students of 45 different nationalities and
teachers from 25 different countries.
The common language is English and all courses are taught
in English - apart from French, Italian, Chinese and Spanish of course! Top
Where can I find the University policies and rules governing IUM? You can find them in the Student catalog & Handbook. Top
Is the school accredited?
Yes, our diplomas are fully recognized and certified by the Government of the Principality of Monaco and are
accredited by the Accrediting Council for Independent Colleges and Schools (ACICS), in Washington, DC, USA. Top
What about International membership? The International University of Monaco is a member of the Association of Advanced Collegiate Schools of Business (AACSB), an Associate Member of the European Foundation for Management Development (efmd) and also an Associate Member of the European council of international schools (ECIS). Top
What's the application deadline?
December 15 -for early action admission
February 1st -1st round admissions deadline, scholarship applicants
March 1st -2nd deadline
July 31st -for late admission, space available only
Applications received after the admissions deadlines posted are considered on a space available basis only and require the permission of the Department head. To request permission for late admission please contact info@monaco.edu
December 15th -for early action admission
February 1st -1st round deadline -Scholarship and early admissions, and early decision admission (early decision deadline is for MScLGS only)
March 1st -2nd round deadline
July 31st for late admission -space available only
Applications received after the admissions deadlines posted are considered on a space available basis only and require the permission of the Department head. To request permission for late admission please contact info@monaco.edu
EMBA applicants should refer to the EMBA course schedule for 2008 for the start dates of each module. Prospective applicants should submit an application at least 2-weeks prior to the Pre-session start date for the module from which they wish to enter the program.
Application to the Doctoral Program is competitive and limited to 9 students per year. We encourage prospective students to contact the department head well in advance of the deadline to discuss the application process.
July 31st -Application accepted if there are still places available.
Applications received after the admissions deadlines posted are considered on a space available basis only and require the permission of the department head. To request permission for late admission please contact info@monaco.edu.
Applicants from outside the European Union should also take into consideration the visa processing time needed following their admission into the program of their choice. This usually takes from 4 weeks to 3 months depending on the country of origin.
Could I come and visit? Yes, we welcome your visit at anytime. The university is open from Monday to Friday from 9 a.m. to 7 p.m. You can visit the school, attend a class, talk to some students and teachers, and find out about IUM first hand. If you are unsure about when to come you may also schedule an appointment at gdudognon@monaco.edu. Top
What are your tuition and fees? As tuition and fees vary per program, the easiest way to find the tuition for your program is to go directly to the program page for your degree. Top
How can I pay my application, tuition and fees? You can either pay by wire transfer, or by check in Euros. You may also pay by credit or debit card, but only in person. Top
What type of IT access and services do you offer? All our students enjoy access to state of the art computer hardware and software, personal email addresses, unlimited Internet access, and IT support services. IUM enjoys a ratio of 1 computer for every 3 students with student access to WiFi at several campus location. Top
What about Internships and Career Advising?
One significant business internship has been integrated into the new Undergraduate BSBA program. The student is placed
in an internship, which can be performed anywhere in the world. Through hands-on work experience in the professional world,
the student intern learns to apply theoretical knowledge, gains practical skills, and begins to set career goals. Please
refer to the BSBA Program description for details. Top
What types of jobs do your students find after graduation? Our alumni have had great success in the working world thanks to the combination of practical and theoretical studies at IUM. They now work in 19 different countries and put to great use the management skills, cross-cultural experiences and general business knowledge. The choices available to a typical IUM graduate include careers in: international business and trade, management accounting, private and public practice accounting, accounting in industry and commerce, commercial or investment banking, insurance and risk management, financial management, money markets, brokering and investment analysis, administrative management, health services management, management consultancy, industrial management, personnel management, production planning and management, marketing, market research, sales management or advertising, communication, public relations and business writing, decision systems, research and data processing, and various positions in government and non-profit organizations. Top
Does IUM offer financial assistance?
Yes, IUM offers some scholarships under certain conditions.
In addition, selected aid may be available from your country (see Student Handbook and Catalog, section "Introduction
to the University/Student Financial Assistance"). You can also apply for a bank loan in your country or in Monaco. Top
Where is Monaco and how can I get there? The principality of Monaco is located in the heart of the Cote d'Azur between France and Italy. There is a major airport in Nice which is about 18km. It takes 20 minutes by car or by train and 1 hour by bus. For more information, please click here. Top
Who do I contact if I have additional questions?
Contact the Admission Office
by email at info@monaco.edu
or by phone at +377.97.986.986. Top
What's the difference between the 3-year BSBA and the 4-year program
In response to the changes in the European education system and recommendations made in the Bologna
Agreement, IUM has developed a concentrated Undergraduate degree program which can be completed in 5 terms.
The new Bachelor of Science in Business Administration (BSBA) is a 240 ECTS credit, 120 US credit program concentrated
format which allows the student to complete a full 4-year degree program in 3-years.
On successful completion of the BSBA students are fully prepared to enter the workplace. The program's distinctive feature,
however, centers on its ability to provide thorough preparation for students to continue their studies at the specialized
master's level: the 3-Plus-1 factor. When they graduate on schedule, 3-Plus-1 allows students to complete their bachelor's
and master's degree in four years. Top
Is it possible to transfer from my university to IUM? And if so, what are the requirements?
Yes, IUM accepts transfer students into its Undergraduate Program. The University uses rigorous criteria and processes
to evaluate undergraduate level transfer credits. The applicant's record is evaluated during the
admissions process to determine which courses are eligible for credits towards the
completion of the Bachelor of Science in Business Administration degree. There are minimum and maximum credit transfer rules
so please check the transfer information on the Undergraduate Programs webpage.
Unfortunately, we do not accept transfer of credit for IUM graduate programs. Students may apply to the department to have courses
waived if they have already been completed. Top
What happens if I fail one course?
If you fail a course, you must re-register, pay for the
additional course, and take it again. Due to IUM's small class size, all students are closely monitored, and regularly
advised of their performance, progress and grades. Top
Is it possible to study abroad? Yes, it's possible to study abroad for one or two terms. Undergraduate students are encouraged to take advantage of the many partnerships that the International University of Monaco has with quality institutions abroad. An advisor is available to help choose a place of study and complete the application process. You can reach her by email at studyabroad@monaco.edu Top
What about my English level? If you are hesitant about applying because of your level of English, keep in mind that we provide several options for you to improve your language skills. You can make an appointment for English language testing by contacting us at lbello@monaco.edu Top
What's an ESL class?
ESL means "English as a Second Language". These courses are designed to develop and extend non-native speakers' skills
in English. The courses involve extensive practice of listening, reading, speaking and writing skills provided through
stimulating activities. A complete grammar review consolidates knowledge and accuracy. Top
IUM offers ESL classes in the Intensive English Language Program (IELP). This program offers intensive English language
instruction designed to prepare students for academic study. Intermediate and advanced students study grammar, reading, writing, conversation,
listening comprehension, and academic skills on four proficiency levels for 24 hours each week. Top
Do you offer the TOEFL exam session? Yes, IUM is now an official TOEFL testing center (Number STN11063A). You can find information regarding the current testing schedule at www.ets.org Top
Do you offer the TOEIC test? No, IUM does not offer the TOEIC Test. But you can find some information about this test on the ETS website at www.ets.org. Top
What makes the MonacoMBA so unique?
Three things stand out:
- The MBA curriculum;
- Small class size;
- International makeup of the community.
We have students from over 48 nationalities on campus, and in Monaco, over 125 nationalities are represented in a very small area. This makes for a very dynamic, fascinating environment in which to live and to learn.
We also have an average class size of approximately 40 students in the MBA program. The students get to know each other, and the professors - both in class and out of class. This fosters a much closer working relationship, and also gives students a chance to really build stronger communication and collaboration skills.
The class size in the elective courses (Spring Semester) generally average about 12 to 15 students per class. So students get direct input into their own areas of interest.
The curriculum has also been adapted to strengthen the emphasis on cross cultural communications and collaboration skills, while adding in some new electives and areas of specialization. Top
Give us an example of how a student could tailor his/her program?
Lets say a student wants to start his or her own business in Monaco. They could take a course from Finance on raising Venture Capital, another course in Marketing on research, a course on the interrelationship between business, government, and finance, and a fourth course on multi cultural communications or any other elective from one of the specializations.
Our goal is to allow students to build strong General Management skills, while also getting a personalized education designed to meet their career needs. Top
What's the GMAT exam?
The GMAT (Graduate Management Admission Council) measures basic verbal, mathematical, and analytical writing skills that you have developed over a long period of time in your education and work. It does NOT measure your:
- Knowledge of business
- Job skills
- Specific content in your undergraduate or first university course work
- Abilities in any other specific subject area
- Subjective qualities-such as motivation, creativity, and interpersonal skills Top
Do you offer the GMAT exam?
No, we don't but you can have a look on the following website www.mba.com/mba/TaketheGMAT.
You'll find all of the information you need to know concerning the GMAT. Top
Is it expensive to live in Monaco?
Monaco itself is very expensive. The good news is that students can live 10 - 15 minutes away (walking or via bus) in France very reasonably.
Typically, we suggest that students budget around 750 to 1000 euros per month for an apartment, then another 500 euros for food, transportation, and other non-academic related expenses. A budget of around 1250 - 1500 euros per month seems reasonable. Students can, of course, spend more or less - apartment prices range from around 500 to 2000 euros and more!
We usually tell students to plan on spending around 13 - 18,000 euros for a year - this seems to be reasonable for most students. Some get by with a budget of less than 10,000, while others spend more than 20,000 euros. Top
What's the average price for housing? It's approximately 500 to 950 euros per month for one person. It depends where you live and if you live on your own, or share an apartment with someone. If you live and pay rent in France, it is possible to receive a housing subsidy from the French Government under certain conditions. Top
What kind of housing service do you provide? The Director of Student Services (contact her at nfevre@monaco.edu) has a network of apartments, and property owners that she works with in many locations, in different price ranges. Students will typically contact her several months before coming to Monaco and will usually have their accommodations worked out by the day they arrive. Top
Is there an orientation day for new students? Yes, the Orientation Day is planned for the start of each semester: September and January. Top
Is there a student association?
Yes, a student association takes care of the sports and events of the university. For example, they organize the welcome dinner for new students and various trips. Top
What kind of activities (sports, leisure) can I do at IUM? Our students enjoy a wide variety of leisure activities that they organize either individually, or through the Student Association. The university is located in the Stadium and students can then subscribe to the many sports offered there, such as karate, basket ball, volley ball, gym, and swimming. Top
Are books and supplies included in the tuition cost? No, books and supplies are not included in the tuition fees and cost around 80 euros per course. Top