All AnswersWhat is the breakdown of INSEAD MBA fees for 2024, including tuition and additional costs?
Asked by Rajeev D 8 months ago
The INSEAD MBA for 2024 comes with a few main expenses to consider. First, there’s the tuition fee, which, for the August 2024 intake, is €99,500, and for the January 2025 intake, it’s €103,500. This tuition covers essentials like course materials, library access, IT services, and health insurance, so you won’t have to pay separately for these, making the INSEAD MBA experience quite comprehensive. For those considering the Business Foundations Programme, there’s an extra cost—€2,000 for the in-person session in August and €1,500 for the online option in January.
Living expenses can vary depending on your campus location and lifestyle, but a good estimate is around €2,000 to €2,500 monthly. Additionally, there are travel costs if you plan to participate in exchanges or job searches in other regions. Factoring in all these costs, it’s wise to budget accordingly, ensuring you’re prepared for the financial commitment of the INSEAD MBA program.
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The INSEAD MBA program for the 2024–2025 academic year has the following tuition fees:
August 2024 Intake: €99,500
January 2025 Intake: €103,500
Insead MBA tuition fee covers your core educational experience, All printed course materials, access to the INSEAD library, On-campus IT services, Language tuition and testing, Student council fees,Gym access, Business cards, Printing, Health insurance.
However, beyond tuition, there are additional costs you should consider to get a realistic idea of your total expenses.
On top of tuition, you’ll likely spend around €25,000–€30,000 on other essentials, depending on your lifestyle and campus location. Here’s a rough breakdown:
- Accommodation: Housing can vary significantly. INSEAD’s campuses are in Fontainebleau (France) and Singapore, where rental costs differ. Expect to spend about €12,000–€20,000 for the full program, depending on the type of accommodation you choose and the city’s cost of living.
- Food and Living Expenses: Daily expenses, like groceries, eating out, and other personal costs, generally add up to about €6,000–€8,000.
- Books and Study Materials: Course materials aren’t usually covered in tuition, so allocate around €1,500–€2,000 for these.
Travel and Commuting: If you plan to travel between campuses or explore the region, expect to set aside roughly €3,000–€4,000. - Health Insurance: Health coverage is mandatory, so expect an additional €1,500 to ensure you’re covered for the program duration.
The overall cost of the INSEAD MBA can total approximately €120,000–€130,000, covering essentials and providing a cushion for unexpected expenses.
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The cost of pursuing an MBA at INSEAD in 2024 involves more than just tuition fees, with additional expenses for living, travel, and optional programs. Here’s a detailed breakdown to help you budget effectively.
Tuition Fees
For the August 2024 intake, the tuition fee is €99,500, while the January 2025 intake costs €103,500. These fees cover a range of services, including course materials, library access, IT support, student council fees, health insurance, gym access, language courses and tests, printing, and business cards.
Additional Costs
- Accommodation: Depending on the campus, living expenses are around €10,000 in Fontainebleau and €12,800 in Singapore for the duration of the program.
- Meals: Dining costs are estimated at €6,300.
- Local Transport: Approximately €660 to cover commuting costs.
- Books and Materials: Budget around €250 for required study materials.
- Miscellaneous Expenses: Personal costs, including relocation, are estimated at €1,500.
Optional Expenses
There are additional optional costs that vary by individual needs:
- Business Foundations Programme: This pre-course program costs €2,000 for the August intake (in-person) and €1,500 for the January intake (online).
- Field Trips: An estimated €2,700 for global exposure opportunities.
- Car Lease (Fontainebleau): If required, leasing a car for campus commuting costs around €3,900.
Laptop Purchase: Approximately €1,000, if you don’t already own a suitable device. - Travel for Exchange or Job Search: Allocating around €2,000 is recommended.
The total cost of the INSEAD MBA can vary based on your campus choice and lifestyle preferences. Planning for these expenses alongside tuition ensures a smooth experience during your MBA journey, letting you focus on academics and career growth.