There is one university located in Monaco, International University of Monaco. It is a private establishment, charging admission as well as tuition fees. With Monaco being maintaining a very close ties to France, the educational system follows the framework of the French government and, by extension, the EU. This allows EU citizens the same conditions for study as is available for natives; conditions for international students are subject to the International University of Monaco regulations, and to visa and residency requirements. The International University of Monaco welcomes approximately 620 students of over 80 nationalities, and it participates in the Erasmus+ program of the European Union. For more information please refer to https://en.gouv.mc/Government-Institutions/The-Government/Ministry-of-Interior/Department-of-Education-Youth-and-Sport.
Monaco’s educational system is governed by the European Bologna framework as adopted by the French government. It follows the ‘bachelor's master's doctorate system’ (or ‘L-M-D’ in French), with Bachelor’s (or Licence) usually comprising three to four years, followed by a Master’s typically lasting two years and culminating in a Doctoral degree of three to five years. Enrolment into Bachelor’s programs is conditional on possession of a high school qualification, such as French baccalaureate degree or an equivalent (e.g. A levels, International Baccalaureate, etc.). To be accepted to a Master’s program, students must have a relevant Bachelor degree from. Admissions are administered by the university’s online platform, with an interview being a common part of the admission process. An intermediate level of proficiency in English is also required, as the language of instruction is English.
In terms of financing your studies, The fees vary from €11 500 to €14,000 per year of Bachelor’s studies, whereas a Master’s full program tuition climbs up to around €23 550. The full three-year Doctoral program tuition fee is €42 500. In addition, all students pay the annual Student Association Fee in the amount of €175, and 3rd year students also pay the IUM for Life Fee of €650.
Nonetheless, IUM offers different types of scholarships to assist the students in funding their studies ranging from €1 000 to €5 000. These scholarships are purely merit-based.
Information for International Students
If you are a non-EU citizen, you will need to apply for a Visa at the Consulate of France of your country of residence, as Monaco doesn’t have its own visa services; all applications go through the French consular authorities. This needs to be done as soon as you are admitted at IUM. If you choose to live in Monaco (rather than in France, you will need to apply for a Long stay Student visa.
Requirements of transcripts of previous education and language capabilities form an integral part of virtually each admission process; for international students this entails ensuring that previous qualifications are recognized by the university.
Living costs are similar to those in Hexagon, with average monthly student costs of approximately €2 000 to €3 000 a month. A major part of this sum is attributable to rental accommodation, costing around €1 000 per month if arranged through the university, and food. Public transportation may cost up to €40 per month.