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Fees & Financial Aid

Fees & Financial Aid

Tuition and Fees for the 2014-2015 academic year

Please note that annual tuition is payable in several installments as detailed in the invoice that will be sent to enrolled candidates.


Enrollment in a program is validated only when the payment of the first installment is received.

Financial Aid

IUM offers five different types of scholarships to assist you in funding your studies. When granted, the amount could go from €1,000 to €5,000.

Please be aware that all IUM program acceptance criteria are based on merit and we do not take your financial situation into account when making our decisions.

To learn more about financial aid opportunities please click here.

BANK PAYMENT DETAILS

Payment may be made to the account of IUM – THE INTERNATIONAL UNIVERSITY OF MONACO with the:

SOCIETE GENERALE MONACO FONTVIEILLE 11, AVENUE DES PAPALINS MC 98000 MONACO

BANK CODE 30003
AGENCY CODE 00952
ACCOUNT NUMBER 00020081646 -KEY 41
ADDRESS SWIFT (CODE BIC): SOGEMCM1
INTERNATIONAL ID (IBAN): MC58 30003 00952 00020081646 41

  • Summer School

    Prices below are for information only and for the academic year 2014-2015.

    Option 1:

    International Business: International Challenges & Multicultural Management
    €1,200
    Option 2:

    International Marketing -Premium Services
    €1,200
    Option 3:

    1-month Session
    €2,200
  • English as a second language (ESL)

    Prices below are for information only and for the academic year 2014-2015.

    One-week Format with TOEFL Preparation and Test €750
    Two-week Format with TOEFL Preparation and Test €1,140
    Three-week Format with TOEFL Preparation and Test €1,500

    Note: TOEFL preparation tuition includes books, headphones and TOEFL registration.

  • Bachelor in Business Administration

    Prices below are for information only and for the academic year 2014-2015.

    1st year students 2nd year students 3rd year students
    BBA* -Bachelor in Business Administration tuition €9,300 €9,500 €9,850
    BSBA* -Bachelor of Science in Business Administration tuition €9300 €11,400 €11,400

    In addition, all students pay the annual Student Association Fee in the amount of 150€, and 3rd year students also pay the IUM for Life Fee of 600€ that gives lifelong access to alumni services.

    *Note:
    BBA=180 ECTS/90 US credits
    BSBA=240 ECTS/120 US credits

  • Bachelor in Communication and Entertainment Management

    Prices below are for information only and for the academic year 2014-2015.

    1st year students 2nd year students 3rd year students
    BECOM* -Bachelor in Communication and Entertainment Management tuition €9,300 €9,500 €9,850

    In addition, all students pay the annual Student Association Fee in the amount of 150€, and 3rd year students also pay the IUM for Life Fee of 600€ that gives lifelong access to alumni services.

    *Note: BECOM=180 ECTS/90 US credits

  • MSc Programs in Luxury Management

    Prices below are for information only and for the academic year 2014-2015.

    Full program tuition: €19,570

    Direct Admission Term 2* tuition: €13,500

    * Note: ONLY students holding a 240 ECTS/120 US credits degree with a specialization in the same discipline area of the Master program in which they wish to enroll may apply for Direct Admission to Term 2. The IUM Admission Committee will make a decision based on the candidate's academic profile and background.

    In addition, students pay the Student Association Fee in the amount of 150€ and the IUM for Life Fee of 600€ that gives lifelong access to alumni services.

  • All MSc Programs except the MSc in Luxury

    Prices below are for information only and for the academic year 2014-2015.

    Full program tuition: €18,100

    Direct Admission Term 2* tuition: €10,850

    * Note: ONLY students holding a 240 ECTS/120 US credits degree with a specialization in the same discipline area of the MSc program in which they wish to enroll may apply for Direct Admission to Term 2. The IUM Admission Committee will make a decision based on the candidate's academic profile and background.

    The students who are applying to the MSc in Finance and the Master in Sustainable Peace through Sports Programs are NOT eligible for Direct Admission to Term 2 due to the structure of these programs.


    In addition, students pay the Student Association Fee in the amount of 150€ and the IUM for Life Fee of 600€ that gives lifelong access to alumni services.

  • MBA Programs

    Prices below are for information only and for the academic year 2014-2015.

    Full-time MBA

    Monaco MBA program tuition: €29,600

    In addition, students pay the Student Association Fee in the amount of 150€ and the IUM for Life Fee of 600€ that gives lifelong access to alumni services.

    Online Executive MBA

    Online Executive MBA tuitions: €23,800

    In addition, EMBA students pay the contribution for online materials fee in the amount of 240€ and the IUM for life fee of 600€ that gives lifelong access to Alumni services.

  • DBA Program

    Prices below are for information only and for the academic year 2014-2015.

    Doctoral Program tuition: €33,000

    In addition, students pay the IUM for Life Fee of 600€ that gives lifelong access to alumni services.

Financial aid: IUM Scholarships

A University degree program is a substantial investment that needs to be carefully evaluated. IUM offers a number of scholarships to assist you in funding your studies. In addition, some of the best financing options available to prospective students may also be found in their country of origin or residence.

Please be aware that all IUM scholarship acceptance criteria are based on merit and IUM does not take your financial situation into account when making our admissions decisions. Applying for funding will not affect your chances of being admitted to your program of choice but the competition for funding within each program can vary from year to year.

While some of our students receive aid from the University in the form of scholarships and awards, through sources in their home countries, or through sponsorship by their company, most use personal savings or take out loans in order to finance their tuition and living expenses while studying at IUM.

To help assess the financial obligations required to attend IUM you must first acquaint yourself with the program tuition and fees and an estimate of living expenses. While the Office of Admissions will do its best to assist you in meeting your financial needs, the responsibility of financing your degree ultimately lies with you.

Financial aids

List of Available IUM Scholarships:

IUM Undergraduate Merit-based Scholarship

IUM Graduate Merit-based Scholarship

The IUM Undergraduate and Graduate Merit-based scholarship will be awarded to applicants who show outstanding academic achievement, extraordinary leadership potential, and a significant contribution to the mission of the University.

IMPACT Scholarship (reserved for MBA and EMBA applicants)

The IMPACT Scholarship is designed to offer financial support to high potential individuals who seek to apply their MBA or Executive MBA experience to grow businesses and inspire entrepreneurial initiatives in their home country.

The IUM Monegasque Scholarship (reserved for Monegasque nationals)

The scholarship will be awarded to applicants who hold a Monegasque passport and possess a demonstrated high level of academic or personal achievement and support the mission of the University.

Students will be considered for a scholarship award ONLY after receipt of:

The Scholarship Committee reviews applications on a regular basis, therefore you are invited to apply as soon as possible. For any program start the latest scholarship application deadline is 12 weeks prior to the start of the program.

Financial aid : Country-Specific Information

Austria

Austrian students may apply for the "Mobilitätsstipendium" granted by the National Grant authority.

The National Grant authority may be contacted:
Gudrunstraße 179
A-1100 Vienna
Austria
Website: www.stipendium.at

Canada

IUM meets the criteria for Canada Student Loans Program assistance.

The Canadian Minister of Education and Training accepts applications from IUM students for funding from the Manitoba Student Financial Assistance Program (i.e. federal Canada Student Loans, provincial Manitoba Student Loans, and Manitoba Study Assistance).
IUM's Canada Student Loan Institution Code is QPHW.

The Minister of Education of Quebec recognizes IUM for funding through its Loan and Scholarship Program.
IUM's Quebec Student Loan Institution Code is H9231A.

The Office of Aide Financiaire aux Etudes in Quebec may be contacted at:
1035 rue de la Chevrotière, 21e étage
Québec (Quebec) G1R 5A5
Canada
Tel.: +1-418-643-3750
Fax: +1-418-644-1715

Denmark

Danish students may receive financial support from the Danish State Education Grant and Loan Scheme Authority (Sustyrelsen) to study at IUM.

Sustyrelsen may be contacted at:

Styrelsen for Videregående Uddannelser og Uddannelsesstøtte Kontoret for udland og handicaptilllæg
Udlandsenheden
Bredgade 43
1260 København K
E-mail: udland@vus.dk
Tel.: +45-72-31-79-20
Website: www.su.dk

Finland

Finnish students may receive financial support to study at IUM from the Finnish Kelan Opintotukikeskus.

The Finnish Kelan Opintotukikeskus may be contacted at:
PL 228
40101 Jyväskylä
Finland
Tel.: +358-20-434-6770
Website: www.kela.fi

France

The IUM Executive MBA is eligible for the French FONGECIF funds.

Russia

AVESA offers loans to students who will study in a Business School in France, Monaco and London.

AVESA may be contacted at:
BOX: 117630
Obrucheva street 23 7-th floor
Moscow
Tel: +7 (499) 408-63-82
Website: www.avesa.ru

Sweden

Swedish students may receive student loans from the Swedish National Board for Student Loans (CSN) to study at IUM.

CSN may be contacted at:
CSN Postservice
833 81 Strömsund
Tel.: +46-0771-276-000
Website: www.csn.se

US

IUM's Master of Finance Program has been recognized by the American Veteran's Administration, the Department of Veterans Affairs. (School code: 3-1-0010-79)

They may be contacted at:
Department of Veterans Affairs
Regional Processing Office
130 South Elmwood Avenue, Suite 601
Buffalo, NY 14202