fbpx

Would you like a Free Profile Evaluation?

Ameer Khatri MBA Consultant

MiF in France

August 31, 2023

690

Avg. GMAT

23

Avg. Age

€ 71,790

Avg. Cost of Study

24 

Months Duration 

€ 55,500

Avg. Salary

Table of Contents

Why Study MiF in France?

The finance industry is booming, offering rewarding career opportunities with attractive salary packages, including roles like Accounting Manager, Financial Advisor, and Finance Manager, with average annual salaries ranging from 55,000 EUR to 70,000 EUR.

French universities and business schools are renowned for their high-quality education in finance, consistently ranking among the top 10 globally for their Finance programs. Additionally, France boasts a dynamic job market with multinational corporations and global financial institutions, making it an ideal location for those aspiring to pursue a promising career, particularly in finance.

Choosing to study a Masters in Finance in France not only provides excellent work opportunities but also offers a fulfilling and vibrant lifestyle. Furthermore, studying in France allows students to become fluent in French, which can be a valuable asset for international career opportunities, potentially leading to higher income than their home country.

With numerous opportunities available for financial experts, France presents an attractive destination for those seeking a thriving and rewarding career. Combining exceptional education, promising career prospects, language benefits, an enriching student life, and access to top-ranked universities, pursuing a Masters in Finance in France opens doors to a bright future in the finance industry.

If you’re aspiring to pursue a Masters in Finance in France, you’re probably filled with questions and excitement.

To embark on the MA in Finance in France journey, ensuring that this is a step worth taking is important. Luckily, plenty of compelling reasons make studying MA in Finance in France an excellent choice.

Types of MiF offered in France

Full-Time Programs

Full-time Masters in Finance programs in France offer an immersive and intensive educational experience highly recommended for those seeking a comprehensive education in finance. These programs typically last 24 months and require students’ full commitment to their academic studies. The full-time format provides an ideal environment that facilitates personal and professional growth, networking opportunities, and the development of lifelong connections with peers and industry professionals.

Part-Time Programs

Part-time Master in Finance programs in France allow individuals to balance other commitments, such as work and personal responsibilities. These programs are designed to accommodate working professionals, allowing them to pursue a Masters in Finance degree while continuing their careers. Part-time MiF programs often offer evening or weekend classes, enabling students to learn independently. This format allows for the direct application of theoretical concepts to real-world professional experiences, enhancing the practicality and depth of the learning journey.

Executive Programs

Executive Masters in Finance programs in France offer specialized part-time or modular formats for experienced professionals to enhance leadership and managerial skills. The curriculum emphasizes strategic decision-making, advanced finance concepts, and leadership development, providing valuable industry insights and expertise refinement.

Online Programs 

accessible way to pursue your degree in today’s digital era. Through online platforms, these programs utilize technology to deliver coursework, lectures, and interactive learning experiences regardless of your location. Online MiF programs in France provide the same rigorous curriculum as on-campus programs, ensuring a high-quality education. This format allows you to balance your studies with personal and professional commitments, making it a convenient option with maximum flexibility.

Program Costs + Living Expenses : MiF in France

€ 26,000 

Avg. Tuition Fee

15,600

Avg. Living Cost

30,190

Avg. Visa Charges

71,790

Avg. Cost of Study

When considering the total cost of pursuing a Masters in Finance in France, it’s essential to remember that the expenses can vary based on factors such as the chosen university and personal lifestyle choices. On average, the annual tuition fees range between €12,000 to €40,000.

In addition to the tuition fees, students should also consider the cost of living in France, which includes expenses such as accommodation, food, transportation, and other daily necessities. The estimated monthly living expenses for students pursuing a Masters in Finance in France range from €1,100 to €1,500, but it’s worth noting that these expenses can fluctuate based on personal preferences and the city in which one chooses to live.

Aside from the tuition fees and living expenses, there are also other financial considerations to take into account. For international students, there may be additional charges such as VISA fees, which are approximately €190, and the requirement for medical insurance coverage of at least €30,000.

By considering all these factors, prospective students can better understand the financial aspects of pursuing a Masters in Finance in France.

Eligibility Criteria : MiF in France

Following are the basic eligibility requirements for top universities in France offering a Masters in Finance.

Together, these criteria ensure that prospective students possess the necessary academic background, quantitative skills, and language proficiency to excel in a master’s program in finance at esteemed universities in France. By setting high standards for admission, universities can attract motivated and talented students who are prepared to make significant contributions to the field of finance and beyond.

You must have a Bachelor’s degree in Finance, Business, or a relevant field to be eligible for a Master’s in Finance program in France.

Consistently good grades are essential to be considered for admission in France. Due to the high level of competition, it is crucial to demonstrate strong academic performance throughout your undergraduate studies.

Many universities in France require applicants to submit their GMAT, GRE, or TAGE MAGE test scores as part of their application for a Master’s in Finance program. These aptitude tests assess your quantitative, analytical, and verbal reasoning skills.

While French is the national language in France, several English-taught Master’s in Finance programs are available. If you wish to pursue an English-taught program, you will need to provide proof of English language proficiency. This can be done by submitting scores from IELTS, TOEFL, Cambridge English, or TOEIC tests. International students from non-native English-speaking countries are typically required to fulfill this language requirement. 

It is important to note that specific admission requirements may vary between universities and programs. Therefore, it is advisable to thoroughly research the requirements of the universities you are interested in and ensure that you fulfill all the necessary criteria for your desired Master’s in Finance program in France.

Apart from test scores, there are additional requirements to study MA in Finance in France. These requirements include:

Valid Passport: You must have a valid passport for the duration of your studies in France.

Degree Certificate(s) or Current Enrollment Certificate: To apply for a Master’s program, you will need to provide either your Bachelor’s degree certificate or a current enrollment certificate if you are in the final year of your undergraduate studies.

Official Academic Transcripts: You must submit official academic transcripts from all higher education institutions you have attended, including exchange programs, if any. These transcripts should include your official Grade Point Average (GPA) or equivalent.

Résumé (CV): A comprehensive résumé highlighting your educational background, work experience, internships, research projects, and other relevant achievements should be included in your application.

Two Completed Online Reference Forms: At least one reference should be completed by a professor who can attest to your academic abilities. The online reference forms should be submitted directly by the referees.

Passport-Style Photo: You will need to provide a recent passport-style photograph for identification purposes.

Non-Refundable Application Fee: Most universities require the payment of a non-refundable application fee when submitting your application.

Statement of Purpose (SOP): A well-written Statement of Purpose explaining your motivation, goals, and reasons for pursuing a Master’s in Finance in France is typically required.

Professional Experience Certificates (if applicable): If you have any relevant professional experience, it is advisable to include certificates or documents that validate your work history.

Student Visa or Residence Permit: International students will need to obtain a student visa or a residence permit to study in France. The specific visa requirements may vary depending on your country of residence.

Bank Statement: You may be required to provide a bank statement or proof of financial means to demonstrate your ability to cover tuition fees and living expenses during your studies in France.

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Types of Financial Aid Available : MiF in France

University Scholarships

These university scholarships come in different forms, catering to diverse student backgrounds and circumstances. Merit-based scholarships are awarded to students who have demonstrated exceptional academic achievements and outstanding abilities in the field of finance.
Need-based scholarships are designed to assist students who demonstrate a financial need to cover their education costs.

In addition, universities in France may also offer country-specific scholarships tailored to students from specific countries or regions. These scholarships encourage international students from certain areas to study in France and help promote cultural diversity and exchange within the MA in Finance programs. Furthermore, diversity scholarships are offered to students from underrepresented backgrounds or groups, such as minority students or individuals with diverse experiences.

Below are some University Scholarships you should keep an eye on:

External Scholarships

These external scholarships and grants are often provided by government agencies, foundations, corporations, or educational institutions that aim to promote cultural exchange and academic excellence. They can be merit-based, need-based, or awarded based on specific criteria such as academic achievements, leadership qualities, or demonstrated financial need.

External scholarships provide financial assistance, open doors to networking opportunities, and enhance the overall educational experience.

Given above are some external scholarships you should keep a check on:

Financial Aid and Student Loans 

Universities often provide financial aid opportunities such as tuition fee waivers, work-study programs, and need-based assistance.

In addition to university-provided financial aid, it is important to explore loan options offered by private banks, governments, and international organizations. Private banks often offer education loans specifically designed for students pursuing higher education, while government-sponsored loans and scholarships can be accessible for both domestic and international students. International organizations may also provide financial support through grants, loans, or scholarships to qualified students.

By thoroughly exploring and considering these financial aid options and student loans, students can make informed decisions and ensure their Master’s in Finance journey is financially feasible. It is recommended to research specific loan terms, eligibility criteria, and repayment options to make the most suitable choice based on individual circumstances and preferences.

Career Prospects : MiF in France

France’ finance sector provides promising job opportunities for post-graduates, driven by strong demand and a growing economy. Within this sector, several prominent companies hold a dominant position in the financial landscape. Here are some of the top finance companies in France:

  • BNP Paribas

  • HSBC

  • AXA

  • Societe Generale

  • CNP Assurances

  • American Express

  • Citi

  • Credit Agricole

  • Natixis Global Asset Management.

  • Group BPCE

93%

Employed within 3 months of graduation

40- 70K

Avg. Salary

Most Sought-after Jobs

Financial Manager 

Financial Analyst

Investment Banker

Financial Controller 

Financial Advisor 

Trader 

CFO

Accountant 

Visa & Stay Prospects : MiF in France

Visa Requirements for Studying in France

To study in France, you will need to apply for a long-stay visa (visa long séjour), which is valid as a residence permit for students (visa long séjour valant titre de séjour “étudiant”, abbreviated to VLS-TS “étudiant”). With this visa, you can stay in France for up to one year to pursue higher education studies.

The requirements for a VLS-TS visa vary depending on your nationality, but generally, the following documents are required from anyone:

  • A valid passport
  • A completed visa application form
  • Proof of financial support
  • A letter of acceptance from a French university
  • A medical certificate

Staying in France After Graduation

After you graduate from your Masters in Finance program in France, you may be able to extend your stay in France. There are a few different ways to do this, including:

  • Applying for a post-study work visa (VLS-TS “étudiant-chercheur”)
  • Applying for a residence permit for highly skilled workers (carte de séjour “talent”)
  • Starting your own business in France

If you want to stay in France after graduation, you should start planning early. The requirements for each type of visa vary, so it is essential to do your research and ensure you meet all of the eligibility criteria.

Working in France

If you are a student on a VLS-TS visa, you are allowed to work part-time in France. You can work up to 20 hours per week during the academic year and full-time during the summer holidays.

If you are interested in working in France after graduation, you must obtain a work permit. The requirements for a work permit vary depending on your nationality and the type of work you are doing.

Top 5 Colleges for MiF in France

UniversityDetailsSuggested
HEC Paris

MSc in Financial Analysis

Duration: 12 – 16 months/22 months

Format: Full-time/Part-time

Avg. Working Experience: 0 – 2 years*

Location: Paris, France

HEC Paris MiF Program: Complete Overview

HEC Paris MiF Recommendation

HEC Paris MiF Interviews 

ESSEC Business School

MSc Financial Economics

Duration: 9 months

Format: Full-time

Location: Cergy, France

ESSEC MiF Program: Complete Overview

ESSEC Business School MiF Recommendation

ESSEC MiF Interviews

ESCP Business School

Master of Finance

Duration: 12 months

Format: Full-time

Avg. Working Experience: 4 years*

Location: Paris, France

ESCP Business School MiF Interviews 

ESCP Business School MiF 

EDHEC Business School

MSc in Finance

Duration: 12 months

Format: Full-time

Location: Croix, France

EDHEC Business School MiF 

EDHEC Recommendations

EDHEC MiF Interviews

Skema Business School

MSc in Finance

Duration: 12 months

Format: Full-time

Location: Lille, France

Skema Business School MiF

Skema Business School MiF Recommendation

Skema MiF Interviews

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MiF in France

Many Master’s programs in France, including those in Finance, are offered in English to cater to international students. However, there are also programs taught in French, so it’s important to check the language requirements of the specific program you’re interested in.

Yes, international students with a valid student residence permit are allowed to work part-time (up to 20 hours per week) during the academic year and full-time during official school breaks.

MiF programs in France offer a variety of specializations, such as investment banking, asset management, and consulting. Students can choose a specialization that aligns with their interests and career goals.

There are a few challenges to studying MiF in France. The language barrier can be a challenge for non-native French speakers. Additionally, the cost of living in France can be high. However, the rewards of studying MiF in France can be great. Students who successfully complete a MiF program in France will have the skills and knowledge necessary to succeed in the financial industry.

The amount of student loans you can borrow for MiF in France depends on a number of factors, including your financial need, your cost of attendance, and your credit history. However, you can typically borrow up to €10,000 per year in student loans for MiF in France.

What Can We Do For You?

Profile Evaluation

Take our Free Profile evaluation and figure out your strengths and weakness

Application Prep

We help guide our clients through the entire application journey

Interview Prep

Need Help with your Interview Prep? We got you covered via mock interviews

What Our Client Say

Open chat
Hi,
This is Ameer
How can I help you?