Monaco

Country snapshot

• Capital: Monaco (city-state)

• Language: French (programmes widely offered in English)

• Dial code: +377

• Currency: Euro (EUR)

• Main intakes: September/October (some programmes also in January)

Why study in Monaco?

You’ll learn in a cosmopolitan micro-hub where business, yachting, motorsport, wealth management, hospitality, and luxury retail converge. Class sizes are typically small, networking starts on day one, and industry projects, guest lectures, and internships are embedded in many programmes.

Key benefits

• Strong specialisations in luxury, finance, hospitality, sport/event management

• Small cohorts & personalised attention

• Exceptional networking with global brands and local businesses

• Safe, clean, and highly connected Riviera location

• English-taught degrees with practical, project-based learning

Eligibility (general)

• Undergraduate: Secondary school completion meeting programme prerequisites

• Postgraduate: Relevant bachelor’s degree (GPA/credits vary by programme)

• Language: Proof of English (e.g., IELTS/TOEFL) for English-taught tracks; French may be useful for internships/day-to-day life

• Programme-specific: GMAT/GRE (some business programmes), portfolios (where applicable), interviews

Required documents (typical)

• Valid passport

• Academic transcripts & certificates (with official translations if needed)

• English test score (if required)

• CV/Resume

• Statement of Purpose / motivation letter

• 1–2 Letters of Recommendation

• Proof of funds for tuition and living costs

• Passport-size photos and completed application forms

Student visa & residence (overview)

• Receive your offer/ enrolment documents from the institution

• Non-EU/EEA students typically apply for a long-stay student visa and complete residence formalities in Monaco after arrival (timelines and steps vary by nationality)

• Maintain valid health insurance for the full study period

• Work during studies: Part-time work is limited; internships/placements are common and often integrated into programmes

Costs (guide numbers)

(Actual figures vary by programme and lifestyle.)

• Tuition — Undergraduate: ~€12,000 – €22,000 per year

• Tuition — Postgraduate (MSc/MBA): ~€18,000 – €45,000+ per year

• Living expenses: High relative to most cities; budget €1,800 – €3,500+ per month (housing, food, transport, insurance). Many students choose to live in nearby French towns for lower rents.

• Health insurance: Required; cost depends on plan

Universities & study options (examples)

• Specialised business schools with Bachelor, MSc, and MBA tracks (luxury management, international management, finance, marketing, sports/events, hospitality)

• Executive education and short programmes aligned with the Riviera’s key industries

Scholarships & funding (examples)

• Institutional merit awards and tuition reductions

• Need-based or country-specific support (limited)

• Corporate/industry-sponsored scholarships for specific tracks

• Flexible payment plans offered by some institutions

Application steps

1. Shortlist programmes (specialisation, language, internship options, deadlines)

2. Prepare documents (transcripts, SOP, references, CV, English test, GMAT/GRE/portfolio if needed)

3. Submit application before the intake deadline and attend interview (if required)

4. Accept the offer, pay deposit/tuition instalment, and request enrolment/visa letters

5. Apply for the appropriate long-stay student visa and arrange health insurance & accommodation

6. Arrive, complete residence formalities, and attend enrolment/orientation