Fees and Financing
Master in Management & Innovation HEC - TUM
Students will pay the tuition of the school where they are in residence, and that school will independently allocate any scholarships or financial aid to the student for its program.
| HEC TUITION FEES DETAILS | PARTNER FEES | ||||
|---|---|---|---|---|---|
| ACADEMIC YEAR | ACADEMIC FEES | STUDENT SERVICE FEES | ADMINISTRATIVE FEES | TOTAL TUITION FEES (HEC) | TOTAL TUITION FEES (PARTNER) |
| YEAR 1 AT HEC PARIS (2024/2025) | € 23,700 | € 1,950 | € 950 | € 26,600 | |
| YEAR 2 AT TUM (2025/2026) | -- | -- | -- | -- | See Partner Website* |
| € 26,600 | |||||
(*) Indicatives fees. May be subject to change.
NB: The annual HEC Student service fees and Administrative fees (€ 1950 + € 950) are payable for any additional year until graduation.
In order to be part of the community life, students are offered the possibility to live on HEC Paris' campus in one of the 1,350 individual rooms during the first year of the Master & Innovation. Remaining costs include housing and food (approximately 1000€/month in 2021) for housing, student restaurant, sports and and leisure.
Recent calculations indicate that living in the capital of Bavaria costs about 900€ per month, including rent, health insurance, public transportation, etc. Students are advised to have sufficient funds available to ensure a pleasant stay and stress-free studies at the Technical University of Munich.
For many years now, HEC Paris has been committed to enabling the most talented international students to pursue their studies within our elite business school.
HEC Foundation Excellence Scholarships have been made possible thanks to the considerable support from the community of alumni and businesses related to the HEC Paris Foundation.
Eligibility: All candidates with a non-French diploma (Bachelor’s or Master’s Degree).
Process: All candidates with a non-French diploma (Bachelor’s or Master’s Degree) admitted to our master’s programs are automatically considered for HEC Foundation Excellence scholarship. No additional document is required.
Deadline: Results from this scholarship are announced by email to all laureates within 1 week after admission results are published.
HEC Foundation Excellence Scholarships' final decision is based on academic excellence, the overall strength of the application, the results of the selection interview, and the candidate’s GMAT/GRE/TAGE-MAGE performance. Scholarships are deducted from tuition fees.
HEC Paris offers high-potential female candidates up to €15,000 every year to fund their studies.
Eligibility:
The Women's High Potential Scholarship is only open to female applicants.
Candidates of all nationalities and programs will be considered automatically upon admission.
Assessment criteria:
Candidates will be assessed on their academic excellence and leadership potential, evaluated in their transcript, resumé, and interview.
Publication of results:
Results from this scholarship are announced by email to all laureates within 1 week after admission results are published.
Read about the 2020 laureates and how the scholarship has positively impacted their study experiences here.
The Eiffel Excellence Scholarship was established by the French Ministry for Europe and Foreign Affairs to enable French higher education establishments to attract top international students to their master’s and PhD programs. On the masters level, the scholarship encourages applications from emerging countries to shape the future decision-makers of the private and public sectors in priority areas of study.
How to apply:
Only candidates applying to Round 1 or China Pre-selected Universities Round for 2023/2024 intake will be considered.
Eligibility:
- Candidates aged 25 years old or below
- Non-French nationality candidates only (applicants with dual nationality, one of which is French, are not eligible). Candidates already studying in France are not eligible.
- Candidates who have already been awarded the Eiffel scholarship at master’s level or another French government scholarship will not be accepted (not eligible at the same level, but can nevertheless reapply at a doctoral level).
- Candidates who have applied previously and been rejected are not eligible, even if their application is submitted by a different establishment or in another field of study.
- The Eiffel scholarship can not be combined with any other French government scholarship or award
Eiffel Scholarship applicants who have been pre-selected by HEC Paris will be informed by mid-January.
Grant:
Monthly allowance of €1181. The scholarship also covers: one international return ticket, social security and cultural activities.
Publication of results:
The list of laureates will be published on the Campus France website in April 2023.
Read about the 2021/2022 laureates and how it has positively affected their studies here.
In its commitment to fostering diversity on campus, HEC Paris has launched the Equal Opportunity Scholarship to provide students from all socioeconomic backgrounds access to our unique master’s program portfolio.
Application process:
Candidates have the choice to apply to one of four admission sessions. When completing their application, they can select to apply to a need-based scholarship which will open the Need-Based Scholarship Form in their Applicant Space. They will have until the Admissibility results publication date of the round to which they applied to complete the form. All scholarship forms completed after the deadline will not be considered. Please note that scholarship results are final.
For any questions regarding these scholarships, please contact the Master's Programs Recruitment Team by email at info-masters@hec.fr.
NB: All bursaries allocated with be automatically suspended if any information communicated by the candidate is found to be false.
Publication of the results: Results from this scholarship are announced by email to all laureates within 1 week after admission results are published.
The Imagine Fellowship supports future leaders from war-affected nations to embark on studies at HEC Paris. It aims to promote peace and tolerance, diversity, inclusion and harmony between communities.
A scholarship will be attributed to outstanding candidates applying to the HEC Paris master’s programs from countries or states that have been affected by war and/or armed conflict.
Application process:
Candidates have the choice to apply to one of four admission sessions. When completing their application, they can select to apply to a need-based scholarship which will open the Need-Based Scholarship Form in their Applicant Space. They will have until the Admissibility results publication date of the round to which they applied to complete the form. All scholarship forms completed after the deadline will not be considered. Please note that scholarship results are final.
Imagine Fellow applicants must also submit a 350-word response touching on the two following prompts:
- What makes you an ambassador of Business & Peace?
- What initiatives would you implement on the HEC Paris campus linked to the issues around Business & Peace?
The short essay should be sent as a PDF to info-masters@hec.fr on the day the admissibility results are published for the round to which they applied.
The deadlines are as follows:
For those applying to Round 1 – November 9, 2022 at 12pm (noon)
For those applying to Round 2 – January 26, 2023 at 12pm (noon)
For those applying to Round 3 – March 23, 2023 at 12pm (noon)
For those applying to Round 4 – May 11, 2023 at 12pm (noon)
For any questions regarding these scholarships, please contact the Master's Programs Recruitment Team by email at info-masters@hec.fr.
NB: All bursaries allocated with be automatically suspended if any information communicated by the candidate is found to be false.
Publication of the results: Results from this scholarship are announced by email to all laureates within 1 week after admission results are published.
Recipients of the Imagine Fellowship will promote student awareness and engagement on the theme of Business & Peace at HEC Paris through the creation of a Student Association and the participation in a class elective related to Business & Peace. The Student Life Office will facilitate students’ efforts to organize events and promote the theme.
The CMA CGM Group, a world leader in shipping and logistics, and the HEC Foundation together offer a scholarship dedicated to supporting talented Lebanese students with limited financial means. The scholarship covers a part of the total tuition fees and living costs in a single deduction payment at the start of our master's programs.
Eligibility Criteria:
- Lebanese national (multinational candidates, of which one nationality is French, are not eligible)
- Completed most recent studies in Lebanon
- Relevant social criteria
Application process:
Candidates have the choice to apply to one of four admission sessions. When completing their application, they can select to apply to a need-based scholarship which will open the Need-Based Scholarship Form in their Applicant Space. They will have until the Admissibility results publication date of the round to which they applied to complete the form. All scholarship forms completed after the deadline will not be considered. Please note that scholarship results are final.
The deadlines are as follows:
For those applying to Round 1 – November 9, 2022 at 12pm (noon)
For those applying to Round 2 – January 26, 2023 at 12pm (noon)
For those applying to Round 3 – March 23, 2023 at 12pm (noon)
For those applying to Round 4 – May 11, 2023 at 12pm (noon)
For any questions regarding these scholarships, please contact the Master's Programs Recruitment Team by email at admissionsmasters@hec.fr.
NB: All bursaries allocated with be automatically suspended if any information communicated by the candidate is found to be false.
Publication of the results: Results from this scholarship are announced by email to all laureates within 1 week after admission results are published.
Please contact your local French Embassy or Campus France office for more scholarship opportunities based on your nationality.
The Volkswagen HEC Women in Leadership Scholarship is a financial award designed to support female students who demonstrate leadership potential, particularly within the automotive industry. It is a partnership initiative between HEC Paris and Volkswagen.
Who is it for?
This scholarship is exclusively for women who are proficient in German. It is available for all master's programs at HEC Paris.
What's the amount?
The scholarship amount ranges from €5,000 to €15,000.
What's the selection process?
Applicants must submit a 350-word motivation essay related to the automotive industry. A jury reviews these essays upon admission and selects candidates based on their motivation and alignment with the objectives of the scholarship. The results are typically published in the week following the admission results.
When can we expect an answer?
The answer regarding the scholarship application can be expected in the week following the publication of the admission results for the respective round.
What is the application process?
To apply, students must submit their 350-word motivation essay as a PDF to info-masters@hec.fr on the day the admissibility results are published for the round they applied to. The essay should be related to the automotive industry and demonstrate the candidate's motivation and leadership potential.
This scholarship aims to support excellence among German-speaking female students at HEC Paris and is made possible through the partnership with Volkswagen.
Study first, pay later: the Generation Contract is an innovative model to finance your education. With this model, every qualified applicant can study with us completely independent of the personal or financial background without paying tuition fees.
This funding opportunity is exclusively open to German-speaking students.
For more information, see the Brain Capital website.
Most banks will provide loans for study at HEC Paris to French nationals or residents with pre-established banking credentials at very low interest rate (around 2% in 2022). We have excellent relationships with local branches of national banks :
| BANK | ADDRESS | PHONE NUMBER |
|---|---|---|
| BNP PARIBAS | 50 avenue Jean Jaurès 78350 Jouy-en-Josas | 01.30.83.04.62 |
| CAISSE D'ÉPARGNE | 7 rue Oberkampf 78350 Jouy-en-Josas | 01.75.42.29.08 |
| SOCIÉTÉ GÉNÉRALE | 10 rue Oberkampf 78350 Jouy-en-Josas | 01.39.56.42.73 |
| HSBC | 8 rue de l'Eglise 91570 Bièvres | 01.69.35.36.10 |
| LCL | 66 rue de la Paroisse 78000 Versailles | 01.30.83.54.04 |
| BRED | 13 rue Oberkampf 78350 Jouy-en-Josas | 09.88.98.95.10 |
Furthermore, information sessions with bank representatives are organized on campus every year during the first 3 weeks of September.
Finally, the European Commission Erasmus+ Program allows students following a master abroad to benefit from soft loans until 18.000€ (2-year programs). To be eligible students must live in a programme country and their study destination cannot be in their country of residence or the country where they received their first qualification. More information on the European Commission website.
Lendwise
Lendwise is a specialist loan provider based in the UK which is dedicated to education finance for individuals who are looking to fund their studies at world-class universities.
Lendwise’s aim is to enable access to education through its affordable and flexible student loans that come with a fixed interest rate and no early repayment penalties. Interest rates are personalized and depend on an applicant’s overall profile including future earning potential, and the application process is entirely online. Full-time program students have access to a grace period that allows for repayment to start after graduation.
All postgraduate courses at HEC, on both full time and part-time basis, are eligible. UK, EU, and North American nationals are eligible for a Lendwise Loan. For other nationalities, Lendwise will review your application on a case-by-case basis.
Contact Lendwise directly to apply.
GradRight
HEC's Indian admits and applicants are able to access 90% of the education loan lending market with a click of a button via GradRight's Fundright platform. Loans are offered to Indian nationals on FundRight by banks, NBFCs, and international lenders.
(HEC does not charge any fee from students or GradRight for this service.)