How Much Does the INSEAD MBA Cost?
Before determining how much the INSEAD MBA will cost, it is important to know what expenses are covered by your tuition. Tuition covers printed course materials, access to the INSEAD library, on-campus technology services, language tuition, running tests*, student elections, and gym memberships. Other expenses may include health insurance and promotional items but are not included in your tuition. INSEAD also offers scholarships and fellowships to eligible students.
INSEAD MBA tuition fees
Insead is an internationally-renowned graduate business school. Its global presence is a source of inspiration for aspiring business leaders. With two campuses located in Europe and Asia, the school is home to 143 faculty members from 31 countries. These experts inspire 880 MBA students to excel in their chosen fields and conduct cutting-edge research projects with the help of 17 Centres of Excellence. Applicants from all over the world are encouraged to apply, as the prestigious INSEAD MBA program has a 30% selectivity rate.
The INSEAD MIM program, which begins at the school’s Fontainebleau campus and moves to Singapore for the latter half, has a budget in mind and will become more accurate once the school surveys its first graduating class. The school also offers scholarships for those who cannot afford the tuition fees, although the number of these awards is limited. Most students rely on financial aid, which includes private and national loan providers.
Tuition at INSEAD is EUR89,000 (US$107k) for a full-time MBA. The cost of tuition covers all printed course materials, access to the INSEAD library, on-campus information technology services, student council fees, health insurance, and access to the university’s gym. Applicants must also pay EUR1,500 for the optional business foundations program. This is one of the most expensive MBA programs in the world and should be considered carefully when deciding whether to apply for INSEAD.
While INSEAD’s tuition charges are high, it does offer scholarships and bursaries to defray the costs of the program. Scholarships range from EUR8,000 to EUR35,000, depending on the program. Scholarships are awarded based on merit and the applicant’s personal circumstances and can be obtained through an online application process. Once an application has been submitted, it is possible to track its progress and receive a notification when the funds are disbursed.
The cost of an INSEAD MBA is approximately EUR89000, but you can pay in installments. This works out to 50 lakh rupees in Indian Rupees at current exchange rates. Depending on the exchange rate, your living expenses can total EUR27,000 or $144,000 in dollars. Further, INSEAD MBA students can also expect to spend approximately EUR2,000 on optional travel. A recent Poets and Quants report that INSEAD MBA tuition fees are comparable to the costs of MBA programs at top business schools, including Harvard and Oxford.
Insead MBA living expenses
To complete the INSEAD MBA program, you’ll need to pay around EUR110000. This will include tuition (around EUR7500), living expenses, transportation, and a student exchange program. You’ll also need to pay for an internship search and approximately EUR2,400 for extra living expenses. Tuition at INSEAD also includes field trips, a $1,000 laptop, and about three thousand euros for a car rental. Depending on where you live and the duration of the program, you’ll have to add an extra $1500 or so for rent.
INSEAD’s tuition also covers printed course materials, access to the library and on-campus technology. Language tuition is covered as well. It also covers the cost of running tests*. Other expenses include student election costs, gym memberships, promotional items, and health insurance. Those living on campus may be responsible for paying for these additional costs. However, the cost of housing and other living expenses for a student may exceed this amount.
While INSEAD does have a highly competitive application process, the waitlist for the January intake is long. This gives you time to make a thorough application and polish essays. Unfortunately, the current pandemic situation has made it more difficult to get into the school and has caused INSEAD to cut its enrollment by 38% last year. To combat this, the school has been careful with its social-distancing guidelines and will increase the number of applicants next year.
Although you’ll need to pay for living expenses, scholarship money can help you with these. There are many sources of funding for MBA students, including the International Loan Program and the International MBA Scholarship. However, some sources of external funding may require you to fill out an application form. The INSEAD MBA living expenses are just the beginning. Aside from the scholarships, INSEAD also offers scholarships for students from developing countries.
INSEAD has several scholarships to offer, including its Sam Akiwumi’07D, which is designed to encourage leadership potential and appreciation for the institution’s mission. Scholarship recipients must have proven achievements and unique perspectives that reflect the goals and mission of INSEAD. Applicants must demonstrate leadership potential and an interest in social entrepreneurship, while the Social Impact Scholarship recognizes outstanding candidates with a commitment to the development of societies worldwide. INSEAD also offers African Student Scholarships to promote access to education for bright African students and to maintain INSEAD’s diversity.
Aside from academic scholarships, INSEAD also offers social impact, financial need, and women’s leadership scholarships. To apply, all interested applicants must fill out an application form. First, applicants must register online to receive a login ID and password. They must answer several questions to create a profile. These questions cover educational, professional, and personal details. Applicants can then apply for a variety of scholarships, track their status, and access other helpful information about the university’s scholarships.
In addition to leadership and business practice, INSEAD also awards MBA Scholarships to students from developing countries. Candidates must show financial need and demonstrate leadership abilities to be considered for these scholarships. The INSEAD Scholarship application requires applicants to provide a personal description of themselves in 350 words, and answer a series of essay-type questions. Applicants will also be required to submit a cash flow forecast. Depending on the type of scholarship, INSEAD will announce the awardees by the end of February and July, for the December and July classes.
Applicants may apply for an INSEAD MBA scholarship on either campus. All applications must be completed online. However, applications for non-traditional backgrounds, social entrepreneurship, and the L’Oreal scholarship are open only to December Class candidates. Scholarship eligibility is determined by the quality of the applicant’s scholarship essays and financial needs. Candidates who are selected in Round 3 will receive scholarships from the INSEAD Africa Leadership Fund, Need-based Scholarships, and Louis Franck Scholarship.
The INSEAD MBA fellowship is available for those who have demonstrated financial need, leadership potential, or innovative ideas that could impact business practices. To be eligible for this award, applicants must have a strong academic record, demonstrate leadership potential, and provide evidence of financial need. In addition, they must submit an online application and answer a series of profile questions – a short biography, professional background, and educational background, plus two letters of reference (LORs).
One of the most important criteria for the Forte Fellowship is demonstrated leadership in academics, in teams, and in the community. Candidates must also demonstrate exemplary leadership in the field of community service and involvement in social issues. INSEAD looks for a wide range of accomplishments, from measurable academic success to involvement in community organizations and social causes. However, while applying for the Fellowship, applicants must be aware of the requirements and limitations of financial aid.
The diversity scholarship program is offered mainly to women. The goal is to broaden the diversity of participants in INSEAD. As such, it will consider the applicant’s background, personal profile, and work experience. It is a great way to empower and support well-qualified individuals who would not otherwise be able to attend. Applicants must also meet essay requirements and demonstrate financial need. These requirements are detailed in the Diversity scholarship description.
In order to apply for an INSEAD MBA fellowship, students must write an essay explaining why they want to study there. This essay should contain about 350 words of explanation of the motivation behind the desire to earn a master’s degree. In addition, students must provide information on their financial situation and cash flow forecast. Scholarships will be awarded to students who demonstrate the ability to meet the requirements for the program. Once accepted, students must submit their application materials by the deadline.
The Judith Connelly Delouvrier Endowed Scholarship, worth US$15,000, is awarded to women pursuing an MBA. The scholarship requires applicants to serve the needs of customers of any race or social background. In addition, a separate scholarship program called the Piet and Wina Van Waeyenberge Endowed Scholarship, worth $15,700, is available to female engineers. In addition, London Business School offers the 30% Club Scholarship, which provides up to 50 percent of the tuition fee.