Study in Monaco
There is one university located in Monaco, specializing in business education. It aims to educate business leaders from all over the world through teaching in a small, stimulating, cross-cultural environment fostering entrepreneurial spirit, collaborative work and mutual understanding among students, faculty and staff.
Programmes are offered in close connection with the international business community and encourage high value service activities, innovation and corporate social responsibility.
Monaco is one of the top centres for business in Europe, as well as being renowned for being a safe environment. Students learn business skills, gather practical experience and go through personal development that will serve in their future careers.
Find the best information about what it’s like to study in Monaco, including degree course offers, career opportunities, student life, living costs, and more.
Interactive learning, online support, and small classes accommodate a variety of learning styles, with formative feedback reinforcing the learning process and personal development.
Programmes follow a balance of theory and application, with both academics and professionals using innovative teaching techniques and online technologies based around lectures, case studies, group projects, and business simulations. Case studies, class discussion, debate, and online forums are commonly used across the curriculum to enhance students’ analytical, creative and problem-solving skills.
Students learn to respect cultural diversity and to negotiate and capitalize on the richness that different perspectives bring to management decisions. More than 60 nationalities of students and teachers are engaged in academic activities in the Principality of Monaco. All courses are fully taught in English.
General application requirements
Required documents for undergraduate application include:
- A completed application form with your answers to the short-answer questions and essay
- Last two years High School transcript(s) and diploma(s), with official translation when necessary
- 2 passport-size photographs
- 1 letter of recommendation
- Photocopy of passport or national identity card
- Proof of English proficiency
- Non-refundable application fee
The selection criteria will focus on a series of factors. The admission board will take into consideration your academic ability and potential as well as relevant personal, professional, and educational experience. You will need to show motivation, clear career objectives, leadership potential and personal achievement and interests.
Before applying ask the university representatives for detailed information about the application process.
For more information visit: http://www.monaco.edu/apply-online/apply-mba-full-time.cfm
The teachers in Monaco have been assembled from all over the world. They come from a variety of backgrounds, nationalities and expertise in domains that range from economics and finance, management and business ethics, to marketing and communication, including specialized areas such as luxury services.
Numerous adjunct lecturers selected for their experience in different business sectors assist the permanent faculty. They offer up-to-date practices and trends to the classroom. International professor visits happen regularly.
The Research Departments in Monaco bring the most advanced knowledge and innovations from various management-related fields to the classroom. Research activities include the organization of international conferences in Monaco, the organization of regular research seminars and workshop meetings where faculty members present their research findings. Research departments benefit from wide access to databases, technical software and other ways of support.
English language preparation for studying in Monaco
Develop your academic English language skills in order to meet the English language requirements at Monegasque universities offering degree studies for international students. Choose an English language school anywhere in the world and pick your preferred English exam preparation course from diverse language course options.
Living in Monaco
- The university has specific agreements with trusted landlords who rent apartments to students.
- The university provides an extensive choice of activities such as soccer, volleyball, tennis, golf, dance, yoga, zumba and sailing.
- Monaco is one of the safest places in which to live and to do business.
- Low taxation encourages entrepreneurship and business development.
- Monte-Carlo Casino and Opera House is the setting for international operatic creations, prestigious concerts, and exceptional ballets.
- Revenues from the Monaco Casino only represent around 5% of the Principality's GDP.
- Housing in Monaco starts at about 3,000 EUR/month for an apartment.
- Food cost average €400/month.
- A country focused on issues pertaining to the environment, protecting oceans and sustainable development on a worldwide scale
- One of the world’s sporting capitals, hosting prestigious competitions.
- Monaco has a solid policy of garden and park development. You can find about 250,000 m2 of spectacular gardens.
- Monte-Carlo has perhaps one of the most expensive and exclusive shopping locations in the world.
- Although French is the official language in Monaco, most people speak English and Italian.
- One of the first things that comes to everyone’s mind when you mention Monaco is the Grand Prix. It is arguably the most famous car race in the world and it takes place every year in May.
Monaco is a tiny, hilly country on the French Mediterranean coast; it is 9 mi east of Nice, France.
France borders it on three sides. Monaco has an area of 2 sq. km and a population of about 36000 people. It is the second smallest country in the world and the most densely populated.Monaco is situated along the area known as the French Riviera (Côte d’Azur), which has some of the world’s most beautiful beaches along the Mediterranean Sea.
After being independent for 800 years, Monaco was annexed to France in 1793 and placed under Sardinia's protection in 1815. By the Franco-Monegasque treaty of 1861, Monaco went under French guardianship but continued to be independent. A treaty made with France in 1918 contained a clause providing that, in the event that the male Grimaldi dynasty should die out, Monaco would become an autonomous state under French protection.
Since Monaco is both a city and an independent nation, Monaco is also the capital. Sometimes mistaken for the capital, Monte Carlo is only a region in Monaco, though it is the most populated region. Monaco is a constitutional monarchy and a principality, meaning the monarch holds the title of prince or princess.
It rarely gets too cold or too hot in Monaco. Winters are mild with average January temperature of about 8°C (46°F). The average high in the summer (July and August) is 26°C (79°F). There are usually 300+ days with no precipitation.
Monaco has a dynamic and diversified economic platform. The leading business sectors in the Principality are healthcare, banking and finance, high tech, tourism, international trade, shipping and real estate. The country harbours 5,000 businesses harnessing the talents of 119 different nationalities.
Monaco has a tourist business that attracts as many as 1.5 million visitors a year and is famous for its beaches and casinos.
Even though Monaco is not a member of the European Union, it is closely linked to the organization because of its relationship with France. As a result, Monaco uses the Euro as its form of currency.
Universities, colleges and schools in Monaco
- International University of Monaco (IUM) (1 Distance Learning course)
How to Apply to a Master's in Monaco
If you've decided to study a Master's degree at a university in Monaco, you will have to gather the right documents to prove that you fit the university requirements. Provide complete personal information, previous qualifications, financial information, and a personal statement.
What documents do I need to provide to apply in Monaco?
To apply to a university in Monaco you will likely be asked to provide some of the following documents:
- birth certificate;
- recent photos;
- your passport or national identity card;
- one or more reference letters from past employers or teachers;
- copies of past diplomas or certificates, including your graduated Bachelor's degree;
- academic transcripts;
- letter of intent;
- Curriculum Vitae;
- Some form of proof that you can support your stay in the country during your studies.
Depending on the subject or specialization of your chosen Master's, you might also be asked to provide scores for additional tests like the GRE, GMAT or LSAT. Check if your programme requires any of these, or others.
The list of documents depends on the specific requirements of universities in Monaco so you might be asked to include additional documents. It’s also likely you’ll have to provide official English translations of your documents, or translations in the local language.
Prove your English skills
Because you’ll study an international degree in English, you'll have to present a language certificate. Some popular options for international students are IELTS, TOEFL or C1 Advanced language certificates. You’ll have to meet a minimum language score set by the university, and your test scores shouldn’t be older than 1-2 years. If you don’t meet the minimum language requirements, you will have to improve your skills and scores by taking an English preparation course.
Application deadlines for Monaco
The deadlines for applying to a Master's in Monaco are usually during summer (June-July), or in winter (January-February). Keep in mind that some universities don’t have application deadlines, which means you can apply whenever you are ready.
To avoid delays or missed deadlines send your required documents with plenty of time in advance.