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Fees: € 46,950.

The academic years are invoiced over the first two consecutive years (+ €2,750 in case of a gap-year).

Admitted students will be asked to confirm their seats within 3 weeks after final results are announced with a non-refundable deposit of € 5,000 deducted from their total tuition fees.

Please note that these fees are only for the two-year HEC Paris Master in Management and do not apply to the Double Degree Programs. For specific prices, please contact your recruitment manager.

The tuition fee schedule is thus detailed for all students:

Tuition fee schedule Academic fees Student service fees Administrative fees Total tuition fees
M1(2022/2023) € 19,350 € 1,800 € 950 € 22,100
M2 or Optional Gap Year(2023/2024) € 19,350 € 1,800 € 950 € 22,100
M2 post Optional Gap Year(2024/2025)   € 1,800 € 950 € 2,750

NB: The annual HEC Student service fees and Administrative fees (€ 1800 + € 950) are payable for any additional year until graduation.

Living Costs

Approximately €1,000/month in 2022, covering housing, food, compulsory insurances (health and civil liability), sports and leisure.

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 2022/2023 intake will be considered.


  • 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.


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 the week of April 4th, 2022.

Read about the 2021/2022 laureates and how it has positively affected their studies here.

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) admitted to one of our master programs. 

Process: All admitted candidates with a non-French diploma (Bachelor’s or Master’s Degree) 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, before the confirmation deadline.

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.

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 of 15 000 € will be attributed to outstanding candidates applying to the Masters in Management program from countries or states that have been affected by war and/or armed conflict. The children of war refugees are also eligible for the fellowship program. 

Applicants are encouraged to 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 one week after the admissibility results are published. Click here for admissibility dates.  

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.

In partnership with the 30% Club, HEC Paris offers outstanding female Master in Management applicants the chance to receive a scholarship worth €15,000.

The 30% Club is a global campaign led by Chairs and CEOs taking action to increase gender diversity at board and senior management levels. Their aim is to achieve at least 30% representation of all women on all boards and C-suites globally.


All female candidates will be automatically considered upon application. The 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.


To be considered, applicants must apply to HEC in round 2. The deadline is January 6, 2021 at 12pm (noon).

Prodigy Finance provides loans for international graduate students to pursue their masters degrees at the world’s best schools.

  • No cosigner and no collateral required
  • No in country credit required
  • 100% online process
  • No early repayment fees
  • Repayment terms up to 20 years
  • Repayment begins 6-months after graduation for full-time courses

See more details about the terms and conditions, and how to apply for a loan on Prodigy Finance’s website.

The Volkswagen - HEC Women in Leadership Scholarship is a 15 000 € scholarship open to high-profile, German-speaking women with a strong sense of leadership applying to the following programs: 

  • HEC Paris Grande Ecole Master in Management 
  • Master in Management & Innovation HEC - TU Munich 
  • Master in Management & Public Affairs HEC - FU Berlin

In order to apply, students must submit a 350-word response to only one of the two following prompts:

  • What will innovation in the auto industry look like?
  • What innovations to you imagine for VW?

The short essay should be sent as a Word Document or PDF to one week after the admissibility results are published. See 'Admissions' tab for admissibility dates.  

HEC-Volkswagen scholarship holders will also be offered diverse internship opportunities adapted to interest in various locations.

HEC Paris offers high-potential female candidates up to €15,000 every year to fund their studies. 


The Women's High Potential Scholarship is only open to female applicants.

Candidates of all nationalities and programs will be considered automatically upon application.

Assessment criteria:

Candidates will be assessed on their academic excellence and leadership potential, evaluated in their transcript, resumé, and interview. 

Publication of results: 

If successful, candidates will be notified two weeks post-interview.

Read about the 2020 laureates and how the scholarship has positively impacted their study experiences here.

In 2018, Nicolas and Michèle Garzouzi wanted to commit, through their foundation, to support access to the HEC Paris Master in Management Program for Lebanese students with limited financial means.

The scholarships of the Nicolas and Michèle Garzouzi Foundation are reserved exclusively for Lebanese students admitted in M1 and eligible on social criteria.

Eligibility Criteria for M1 (first year):

  • Be under the age of 25 on the 1st September of the year of admission to HEC Paris
  • Be of Lebanese nationality (multinational candidates, of which one nationality is French, are not eligible)
  • Have relevant social criteria
  • Have a clean criminal record

Eligibility criteria for continuation of the bursary in M2 (second year):

  • Be a recipient of the bursary in M1
  • Be of Lebanese nationality (multinational candidates, of which one nationality is French, are not eligible)
  • Have relevant social criteria
  • Have a clean criminal record
  • Have obtained a GPA of at least 3.5 in M1

Amount: The bursaries give the candidate the right to a deduction of 15,000 Euros from their scholarly fees in M1, and then, provided said candidate maintains a GPA of at least 3.5 and the demand is validated by the Garzouzi Foundation, a second sum of 15,000 euros will be deducted from scholarly fees for the M2.

NB: All bursaries allocated with be automatically suspended if any information communicated by the candidate is found to be false.

Deadline for Applications: Lebanese candidates have the choice of four admission sessions, detailed in the ‘Admission Schedule’ section. They will have until the ‘Eligibility Jury’ of each round to apply for a scholarship and send all the necessary documents to have their application examined.

Application process:

The Master's Programs recruitment team of HEC Paris will provide access to the online form they will need to complete and for which they must provide all the necessary supporting documents. Candidates must return all elements in order for their file to be considered.

For any questions regarding these scholarships, please contact the Master's Programs recruitment team by email at

Publicaton of the results: the recipients of the bursary will be contacted directly by the admissions department of HEC Paris.

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: The HEC Paris Recruitment Team will send an email to all admissible candidates providing access to an online form. The applicant will need to complete the form and submit all required supporting documents.  

For any questions regarding this scholarship, please contact the Recruitment Team -

NB: All scholarships will be automatically suspended if any information communicated by the candidate is found to be false. 

Deadline for Applications: Lebanese candidates have the choice of four admission sessions, detailed in the Admission Schedule section of the website. Scholarship applicants will have until the admission results publication date of each round to apply for this scholarship. 

Publication of the results: Scholarship recipients will be contacted directly by the Recruitment Team shortly after the admission results publication date.  

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.

Please contact your local French Embassy or Campus France office for more scholarship opportunities based on your nationality.

In collaboration with the French Embassy in Spain, our HEC Foundation offers Spanish and French-Spanish students the opportunity for an excellence scholarship.

Eligibility: all Spanish and French-Spanish students applying to our Master in Management. 

Process: students need to apply via Campus France (click here for more information). 

Fund: worth €5,000. Scholarships are deducted from tuition fees. 

Deadlines: Results from this scholarship are announced by email within 2 weeks after your admission and before the confirmation deadline. 

HEC Foundation Excellence Scholarship's final decision is based on academic excellence, the overall strength of the application, and the results of the selection interview.

The scholarship has been a great help not only financially due to the discount on tuition fees, but also the social benefits of the BCS (Bourse de Couverture Sociale), such as registering to the French healthcare system.

- Ana Lopez Cabello, Master in Management student

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 1% in 2016). We have excellent relationships with local branches of national banks:

BNP PARIBAS 50 avenue Jean Jaurès 78350 Jouy-en-Josas
CAISSE D'ÉPARGNE 7 rue Oberkampf 78350 Jouy-en-Josas
SOCIÉTÉ GÉNÉRALE 10 rue Oberkampf 78350 Jouy-en-Josas
HSBC 8 rue de l'Eglise 91570 Bièvres
LCL 66 rue de la Paroisse 78000 Versailles
BRED 13 rue Oberkampf 78350 Jouy-en-Josas

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 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.


HEC Paris is a FAFSA®-accredited institution.

Use the Free Application for Federal Student Aid (FAFSA®) form to apply for financial aid for one of our programs.

Point of contact at HEC Paris:



GradRight is a platform where lenders - covering 95% of the education loan market in India - bid for student loans. Loans are offered to Indian nationals on GradRight by banks, NBFCs, and international lenders.

HEC does not charge any fee from students or GradRight for this service and is not part of the assessment or decision-making process. You can access GradRight's services for free by clicking here.


JUNO Financial Aid

Use this link to learn more about JUNO in partnership with HEC Paris. 

Link for JUNO's brochure.

Point of contact at HEC Paris:


• Juno finances tuition fees (100% including deposit) and living expenses.
• Juno adapts its payment schedule to the schedule set out in HEC Paris financial contracts.
• Eligible persons are: U.S citizens with a valid U.S. cosigner.