HEC Paris offers 20+ scholarships across MBA, Master’s, and PhD tracks, of which 15+ are accessible to Indian applicants. The largest MBA award, the Boustany Foundation Scholarship, covers full tuition worth EUR 84,000 (INR 90.30 Lakhs). Indian PhD candidates get a fully funded five-year package worth EUR 130,000 (INR 139.75 Lakhs) in stipend, plus complete tuition waiver.
Master’s applicants typically layer the HEC Foundation Excellence Scholarship with the Charpak grant from the French Embassy in India. Together these can cut the two-year MIM sticker price by 30 to 50 percent.
- Standard MIM tuition: EUR 57,700 (INR 62.03 Lakhs) over 24 months
- With HEC Foundation waiver: EUR 5,000 to EUR 20,000 tuition reduction per year
- With Foundation plus Charpak stack: Indian students recover 30 to 50 percent of total study cost
- Next MBA scholarship deadline: August 16, 2026 (Round 1, January 2027 intake)
Currency Note: All INR conversions use the live rate of 1 EUR = INR 107.5 as of June 2026. All scholarship amounts are sourced from the HEC Paris website, the HEC Foundation portal, and Campus France India.
Table of Contents
HEC Paris Scholarships for UG Students
HEC Paris is a graduate-focused Grande École, so standalone undergraduate scholarships are limited. Bachelor-level applicants typically enter via the HEC Bocconi Bachelor pathway, where funding flows through the Bocconi merit framework.
| Scholarship | Amount (EUR / INR) | Indian Eligibility | Deadline (Tentative) |
|---|---|---|---|
| HEC Bocconi Bachelor Merit Waiver | Up to EUR 12,000 (INR 12.90 Lakhs) | Merit-tested; open to Indian nationals | January 15, 2027 |
| Eiffel Excellence (Bachelor stream via partners) | EUR 1,181 monthly stipend (INR 1.27 Lakhs) | Under 25, top academic profile | January 10, 2027 |
| HEC Summer School Fee Discount | EUR 500 to EUR 1,500 (INR 53,750 to INR 1.61 Lakhs) | Early registration for Indian applicants | March 31, 2027 |
Most Indian students who target HEC at the UG level plan a two-step route. They complete a Bachelor at Bocconi or a partner with merit funding, then apply for a fully funded Master’s at HEC Paris. This unlocks the far richer scholarship pool detailed in the next section.
Explore More: HEC Paris Overview | HEC Paris Admissions
HEC Paris Scholarships for PG / Master’s Students
The HEC Foundation runs the largest scholarship pool at the graduate level. Indian MBA and MIM candidates can stack an internal award with an external French government grant. Combined value regularly crosses EUR 30,000 (INR 32.25 Lakhs) for a strong profile.
| Scholarship | Program | Amount (EUR / INR) | Deadline |
|---|---|---|---|
| Boustany MBA Foundation Scholarship | MBA | Full tuition EUR 84,000 (INR 90.30 Lakhs) plus travel and paid internship | Tentative October 15, 2026 |
| Emerging Markets MBA Scholarship | MBA | EUR 22,000 (INR 23.65 Lakhs) | Rolling with each MBA round |
| Forte Foundation Fellowship | MBA (Women) | EUR 25,000+ (INR 26.88 Lakhs+) | September 20, 2026 |
| Louis Bachelier Diversity Award | MBA | EUR 10,000 (INR 10.75 Lakhs) | November 15, 2026 |
| HEC Foundation MIM Merit Scholarship | MIM | EUR 5,000 to EUR 15,000 (INR 5.38 to INR 16.13 Lakhs) | Rolling with MIM offer |
| HEC Foundation MSc Grant | MSc (MIF, DSAI, Marketing) | EUR 4,500 to EUR 12,000 (INR 4.84 to INR 12.90 Lakhs) | Tentative February 28, 2027 |
| L’Oreal Diversity Scholarship | MBA | EUR 10,000 (INR 10.75 Lakhs) | September 20, 2026 |
The Boustany award is the marquee MBA scholarship. It funds full tuition, return airfare between Paris and the recipient’s home country, and a paid internship with the Boustany Foundation. One candidate is awarded per admission cycle worldwide.
Reddit Insight: Indian MIM admits on r/GradSchool report that the HEC Foundation Merit decision arrives after the EUR 5,000 (INR 5.38 Lakhs) confirmation deposit is due. Many pay the deposit first, then use the award to offset later tuition instalments.
Explore More: HEC Paris MIM Details | HEC Paris MBA Program
India-Specific Scholarships at HEC Paris
HEC Paris does not run a country quota scholarship exclusively for Indian nationals. However, three schemes were designed specifically for Indian candidates entering French institutions. These are the highest-value India-anchored grants an HEC applicant can realistically target.
| Scholarship | Amount (EUR / INR) | Program Fit | Deadline (Tentative) |
|---|---|---|---|
| Charpak Master’s Scholarship (French Embassy in India) | EUR 5,860 living (INR 6.30 Lakhs) plus tuition waiver up to EUR 5,000 (INR 5.38 Lakhs), plus flights and insurance | MIM, MIF, MSc programs | March 15, 2027 |
| Raman-Charpak Fellowship (CEFIPRA) | EUR 1,500 monthly stipend (INR 1.61 Lakhs) for two to six months | PhD research stays | April 30, 2026 |
| Emerging Markets MBA Scholarship | EUR 22,000 (INR 23.65 Lakhs) | MBA; India qualifies as eligible economy | October 18, 2026 |
| Charpak Research Internship | EUR 700 monthly stipend (INR 75,250) | Short PhD or MSc research placement | March 31, 2026 |
Charpak recipients get free student visa processing at VFS Bengaluru, Mumbai, Delhi, Chennai, Kolkata, and Puducherry. The award also includes a Mediclaim insurance policy valid across the EU. Indian candidates apply through the Campus France India portal, not directly to HEC.
Reddit Insight: On r/IndiansAbroad, past Charpak recipients confirm the scholarship covers airfare and visa fees but the tuition portion caps at EUR 5,000 (INR 5.38 Lakhs). MIM applicants therefore still owe the balance on the EUR 57,700 (INR 62.03 Lakhs) fee.
Explore More: HEC Paris Fees Breakdown | HEC Paris Programs
HEC Paris PhD Scholarships
The HEC Paris PhD program is fully funded for every admitted candidate. Each doctoral student receives a five-year package that removes tuition entirely and pays a living stipend.
| Component | Value per Year | Total (5 Years) |
|---|---|---|
| Annual Stipend | EUR 26,000 (INR 27.95 Lakhs) | EUR 130,000 (INR 139.75 Lakhs) |
| Tuition Waiver Years 1 to 2 | EUR 30,000 (INR 32.25 Lakhs) | EUR 60,000 (INR 64.50 Lakhs) waived |
| Tuition Waiver Years 3 to 5 | EUR 12,000 (INR 12.90 Lakhs) | EUR 36,000 (INR 38.70 Lakhs) waived |
| Total Funded Package Value | Variable | Approximately INR 243 Lakhs (INR 2.43 Crore) |
The PhD package also includes:
- Guaranteed dormitory access on the Jouy-en-Josas campus
- Annual conference travel budget of EUR 1,500 to EUR 3,000 (INR 1.61 to INR 3.23 Lakhs)
- Teaching assistant supplement of roughly EUR 3,000 (INR 3.23 Lakhs) per year
- Access to industry-partner research grants for select cohorts
Indian applicants can pair this internal package with the Raman-Charpak Fellowship for short research visits under India-France joint projects. The PhD application fee stands at EUR 60 (INR 6,450), among the lowest among top global business schools.
Explore More: HEC Paris Rankings
External Government Scholarships for HEC Paris Applicants
Three French government schemes fund HEC students at scale. All are open to Indian nationals and can stack on top of HEC Foundation awards without a double-funding conflict.
| Scholarship | Funding Body | Amount (EUR / INR) | Deadline (Tentative) |
|---|---|---|---|
| Eiffel Excellence Scholarship | French Ministry for Europe and Foreign Affairs | EUR 1,181 monthly stipend (INR 1.27 Lakhs) plus travel, visa, health cover | January 10, 2027 (school nominates candidates) |
| Charpak Master’s Scholarship | French Embassy in India, Campus France | EUR 5,860 living (INR 6.30 Lakhs) plus fees waiver plus flights | March 15, 2027 |
| Bourse du Gouvernement Francais (BGF) | French Government direct | EUR 767 to EUR 1,700 monthly (INR 82,463 to INR 1.83 Lakhs) | Rolling via French Embassy |
| Erasmus Mundus Joint Masters (partner tracks) | European Commission | EUR 1,400 monthly (INR 1.51 Lakhs) plus tuition | January 15, 2027 |
Eiffel Excellence is the highest-prestige French government award for international students. HEC Paris nominates candidates directly, so applicants must first secure admission and then flag interest to the admissions office. The scholarship runs for 12 months at Master’s level and up to 36 months for PhDs at partner institutions.
Charpak differs because Indian candidates apply directly to Campus France India after receiving the HEC offer. The award pairs cleanly with any HEC Foundation grant. Indian students often layer Charpak with the HEC Foundation MIM Merit for the strongest combined value.
Explore More: HEC Paris MIF Details
HEC Paris Scholarships: Frequently Asked Questions
Ques. What is the maximum scholarship stack an Indian MBA candidate can secure at HEC Paris?
Ans. An Indian MBA admit can theoretically stack Emerging Markets (EUR 22,000), Louis Bachelier (EUR 10,000), and HEC Foundation Excellence (EUR 15,000). This totals EUR 47,000 (INR 50.53 Lakhs), roughly 56 percent of the EUR 84,000 (INR 90.30 Lakhs) sticker. Boustany winners get 100 percent tuition coverage but only one is awarded globally per cycle.
Ques. When should Indian applicants apply for HEC Paris scholarships?
Ans. MBA scholarship applications are integrated with each admission round. For the January 2027 intake, the four rounds close on August 16, September 20, October 18, and November 15, 2026. MIM scholarship decisions arrive alongside the admission offer. Charpak applications open at Campus France India between November 2026 and January 2027 for the following September intake.
Ques. Do Indian students need to submit a separate application for HEC Foundation scholarships?
Ans. No separate form is required for most HEC Foundation awards. Candidates tick a scholarship interest box within the main HEC application. A short scholarship essay of 300 to 500 words is added at the same stage. Boustany and Forte awards have their own additional forms and interviews.
Ques. What GPA or GMAT score do Indian applicants need to be competitive for HEC scholarships?
Ans. The HEC MBA class averages a GMAT of 635. Indian scholarship winners typically score 700+ given the applicant pool strength. For MIM, a strong bachelor’s transcript (GPA 8.5+ on a 10-scale) plus GMAT 680+ or GRE 320+ is the informal threshold. HEC publishes no official minimum score.
Ques. How does the Charpak Scholarship compare with the HEC Foundation Merit Scholarship for Indian MIM applicants?
Ans. Charpak is capped at EUR 5,000 (INR 5.38 Lakhs) tuition support but adds EUR 5,860 (INR 6.30 Lakhs) in living costs, airfare, and visa. HEC Foundation Merit ranges from EUR 5,000 to EUR 15,000 (INR 5.38 to INR 16.13 Lakhs) as tuition reduction only. The two combine without conflict, giving Indian candidates the strongest layered offer.
Ques. Do HEC Paris scholarships cover the cost of living in Paris and Jouy-en-Josas?
Ans. Only Eiffel and Charpak include a living stipend. HEC Foundation awards are tuition-only. Jouy-en-Josas campus dorm rent runs EUR 500 to EUR 900 monthly (INR 53,750 to INR 96,750). Total monthly living costs, including food and transport, sit at EUR 1,200 to EUR 1,600 (INR 1.29 to INR 1.72 Lakhs) for an Indian student.
Scholarships offered
Axol Science Scholarship
- International Student Eligible: Yes
- Amount: $2,000
- Type: Company-Sponsored
- Level of Study: Bachelor
- Number of Scholarships: N/A
Reviews
3 Reviews Found
Likes
- Right mix of international and French culture- Most of the students are international, however the school values its French culture.
- Ambitious cohort- The cohort is not only diverse but everyone is highly ambitious, forcing you to work hard just to keep up with others, elevating your professional skills in the process.
- Location- I personally prefer the countryside and the college is located in the outskirts of Paris, but within reachable distance. The campus has a pristine lake inside it as well as a small forest.
Dislikes
- Lack of active efforts for cultural amalgamation- The college does not actively keep events to introduce people with different nationalities. Hence, some people may tend to stick with people of their own nationality.
- Lack of transport to the city of Paris- Even though the college has its own bus service to the city, it is very infrequent and uncertain.
- Disparity in hostel rooms- Only first year students are provided with rooms that have a kitchen in it, rest of the cohort do not have such rooms.
Scholarship
- I did not receive a scholarship.
- There are mainly 3 types of scholarships.
- Eiffel scholarship: It’s given by the government of France for students with outstanding academics and experience. Hence, it is a profile-based scholarship and every applicant to HEC is automatically considered for this scholarship. Typical amount is 50% of the tuition fee.
- Academic scholarship: This scholarship is provided by HEC for students with outstanding academics and experience. The amount ranges from 4,000 to 8,000 euros based on the profile of the student.
- Charpak scholarship: This scholarship is for Indian students studying in France. It is a profile-based scholarship as well and has a separate application.
- The accommodation differs based on your course. For the first year of your Master in Management program, you are allotted the T1 room. This room has a kitchenette and a bathroom attached to it. The rent is around 620 euros.
- For the second year, you are allotted a room in the AP building. This room does not have a kitchenette attached; however, it has a bathroom. There is one common kitchen per building in these buildings and the rent is around 570 euros.
- The T1 buildings are naturally more comfortable to live in but you would also get used to the AP buildings when you have to. One advantage of the AP buildings is their proximity to the academic block. You can reach the academic block within a few minutes. For the T1 buildings, you will require around 7-8 minutes to reach the academic block.
Likes
- Social life (parties, events organised, etc.)
- Extra-curricular activities (lots of free classes and associations to join- there is always something to do)
- Alumni network - with one of the biggest networks in Europe, you will always find a fellow HEC comrade in any company you wish to work for
Dislikes
- It's far from Paris
- Classes are less rigorous than I expected (coming from a quant and math background, I expected a little more rigor)
- Help with jobs- while the events and prep for jobs is good when you're in the college, you're pretty much on your own once you graduate
Scholarship
- I did not apply for or receive any scholarship during my course. There were however several scholarships available for different merits and criteria- for merit, or women, for under privileged, etc.
- I am not so sure of how many people receive a scholarship in a year and I am also not aware of the range of amount that can be received for a scholarship.
- I was in campus housing and chose the cheapest apartment without really looking at the pictures. I did not have the best housing (the AP buildings are not the nicest buildings to stay in). Even though I saved up a small amount, the other houses were much more comfortable to stay in. Monthly rent was 560 for the AP buildings and around 670 for the other buildings.
- Housing application was taken care of by the college- we just had to fill a form stating the kind of accommodation we would like. I realised most of my batchmates took accommodation in the better building so the socialising was restricted in my case. Otherwise the campus, classrooms and other buildings were very accessible. Most Indians stay on campus.
Likes
- The international culture that gives students a chance to understand different perspectives and grow from diversity
- Course curriculum is one of the best in the world as it includes the foundational courses, specialization and more importantly, all the courses are practically taught with industry relevant examples
- Student culture in the college is very infectious with networking events and social gatherings to meet & know about the lifestyle of the cohort. This helps in evaluating our strategy for the rest of the college and as well develop your network
Dislikes
- The campus is far from the city of Paris which might bound students to the limited space and act as a barrier for someone who wants to experience European city life and also difficult to understand various business trends in the city. Paris always holds networking events, exhibitions for students and so many marketing stunts that would develop the creativity of a student
- Language barrier is still a concern. Even though the campus is English supported, most of the administrative and office work still requires students to know French
- Career fairs in the college mostly invites French companies who mostly require someone who can speak French and have the conversations with the clients. This might cause trouble with limited opportunities for English speaking students
Scholarship
- I received a Merit based scholarship from HEC Paris of 6,000 Euros all at once. Apart from this scholarship, there are few others such as Women in business scholarship, Need based scholarship that is directly awarded from HEC Paris.
- Other outside scholarships include Eiffel scholarship (selected by the college and sent to the French government), Charpak scholarship (awarded to Indian students) and many other scholarships depending upon the native country of the student and the performance during the interview. My batchmates received at least one of the above mentioned scholarships and i found lot of people with no scholarships as well.
- HEC Paris students usually receive college accommodations and is allotted through the university portal. And college also refers to come options i the city for people opting to stay out and they provide end to end service in allotting the accommodations to the students
- The monthly rent range: 500 - 750 Euros depending upon the time of accommodation each year
- I recommend people to stay in campus during their studies because of the facilities available and also to commute to the learning center or the class room
- Since the accommodations are on the campus, it would somewhere around 500m to 1km
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