Is it costly for an Indian student to do MIM at ESCP?

Question

Simone Thomas · Accepted Answer

To be blunt, No, it's not that costly for an Indian student to do MIM at ESCP. When you look at the tuition cost for the Master in Management program at ESCP Europe, you will be surprised. Like it is literally one of the top institutes in the world for a MIM course, and it does not cost you a fortune to do so.
The tuition cost of MIM at ESCP for an Indian (international) student is &euro;22,700 (around 18.7 lakh annually). Making it a total of less than 40 lakhs tuition cost for the entirety of the program as MIM at ESCP is a  two-year full time program. When you compare it to the other institutes  that are among top names for MIM courses, you will find it relatively less.
DO you know that even USA universities charge like 40-50 lakhs tuition free for their entire MIM courses? I mean for a country that has not yet been developed in MIM studies, it is obscure to take in. ESCP is ranked #7 worldwide (Financial Times) for its MIM program. In Europe this number stays at #5. I personally know how well of a  program MIM at ESCP is. As I am privileged to have worked with a MIM graduate from ESCP.
Also, considering the school is located in Paris (France), you will not have an excellent cheapest option to live but still quite better compared to locations in USA and UK. France is not as costly as these countries and the entirety of your expenses will be covered in a good amount. Like with scholarships and education loans, you can totally manage it.
I would say to opt for ESCP MIM before anything else. First, it is affordable to pursue. Second, the school is incredibly good for MIM courses. And there, it is globally recognized. SO your MIM degree from there will be relevant in most parts of the world, especially in all European regions. MIM degrees are Europe oriented and I would suggest you look for a career there  only. It's not that other locations are any bad, though Europe is the best one.
If you are in between your admission process and facing any kind of trouble, let me know. Or have our experts give you free profile evaluation to see what needs to be done for your admission in ESCP. Not just that, with this your scholarship options can also be found.

Arun Rajawat · Answer

Yes, studying for a MiM at ESCP can be costly for Indian students. Tuition fees for the program range between &euro;20,000 and &euro;25,000 (around INR 18-22 lakhs), depending on the campus and the length of the program. 
On top of this, living expenses will vary based on the city. For example, in Paris or London, you may need to budget an additional &euro;12,000-15,000 per year (about INR 10-13 lakhs) for accommodation, food, and other personal expenses.
Although this may seem expensive, ESCP is highly regarded globally, and graduates often see a strong return on investment. Many students secure internships or part-time work during their studies, which helps offset the costs. 
So, while studying at ESCP may sound like breaking the bank, carefully planning your finances and exploring funding options can make it more manageable.

Karan P · Answer

The MiM at ESCP does require a big investment, but it&rsquo;s still one of the more cost-effective options among Europe&rsquo;s top schools.
&bull; Tuition for the full program comes to about &euro;40,000&ndash;&euro;45,000. &bull; Living expenses depend on the city&mdash;Paris is around &euro;1,200&ndash;&euro;1,500/month, while Berlin or Turin can be much lower. &bull; Scholarships like the ESCP Foundation and merit awards can cover part of the tuition. &bull; Students often take up internships or campus jobs to manage expenses. &bull; Compared to schools like HEC or LBS, total costs are lower by 25&ndash;30%.
So yes, it&rsquo;s a financial stretch, but with smart budgeting and early scholarship applications, it&rsquo;s quite manageable&mdash;especially when balanced against the strong career outcomes ESCP delivers in Europe.