Monaco, a sunny microstate on the French Riviera, only spans 200 hectares. Nevertheless, it’s known all around the globe. It has mainly earned its fame for being the playground of the rich and famous. Due to this reason, it has never been an obvious destination for studying, which is a mistake.
Of course, there are not many schools in Monaco. Due to its small size, the city-state has only accommodated one university– the International University of Monaco (IUM). IUM is a school operated by the Institut des Hautes Études Économiques et Commerciales (INSEEC) group. It was founded in 1986 and boasts 200,000 alumni. It may not be as famous as other big-name schools. However, it can become a good destination for students seeking top-quality education.
Why Study at Universities in Monaco?
When you think about Monaco, you’re probably imagining entertainment, casinos, massive events, and many different attributes of a luxurious life. We bet that education isn’t among the things that pop up in your mind when you recall this microstate.
But what if we tell you that Monaco can be a good study destination? And here is why:
- Monaco schools offer high-quality education in the English language, making them a versatile choice for students from across the globe.
- Studying and living in Monaco is just a great experience that lets you get a feel of one of the world’s most renowned destinations. Not to mention all the awesome events you might get a chance to visit, such as Formula One. However, you will likely need to find EssayService to ask, “Please, help with writing my essay for me,” to have reliable assistance with your homework while you live your life to the fullest in Monaco.
- Enrolling in a college in Monaco provides you with an International-level education that’s valued all across the world.
- Local universities focus primarily on teaching unique disciplines that are closely associated with the state, hence giving you access to unusual and exciting career opportunities.
- There are plenty of value-added activities designed to let students gain hands-on experience in their chosen fields.
- Despite its quality, Monaco College is also rather affordable; the tuition fees are around $12,000 for a Bachelor’s degree, $17,000 for a Master’s, and $15,000 for a Doctorate.
- The Monaco University acceptance rate is high (50-59%), which makes education accessible for students with different academic backgrounds and performances.
Top Fields to Study at Colleges in Monaco
Now that you know about some of the main benefits of picking Monaco as your study destination, you might be wondering what you can choose to study here.
Together with EssayService pros, we’ve compiled a list of the top University of Monaco majors to consider:
1. Finance
Monaco is one of the world’s leading financial centers. It’s known for discretion and stability. On top of that, it’s considered a real “tax heaven” because the microstate doesn’t have an income tax at all and offers fairly low business taxes. Due to all these reasons, Monaco frequently becomes the top choice for the rich to receive wealth management and private banking services. And this is the primary reason to study Finance here.
While obtaining a Finance major at the University Monaco, you will learn a wealth of related subjects, such as hedge funds, alternative investments, private banking, investment banking, etc. Additionally, you will gain sufficient practical experience that can unlock your doors to a thriving career.
2. Luxury Management
With its designer malls, grand casinos, pompous restaurants, and large yachts, Monaco has long become synonymous with luxury. It sets the golden standard of quality in hospitality, events, tourism, fashion, and many other niches. So, if there is a perfect place to gain a degree in Luxurious Management, Monaco is definitely the one.
A Luxury Management degree earned in Monaco can teach you how to provide luxurious hospitality and event services. You can also choose a field of fashion and accessories management or specialize in luxury brand management. Whatever you choose, rest assured that a Luxury Management degree from a school in Monaco is broadly recognized by employers and can really give your career a boost.
3. Sports Business Management
Monte Carlo Rally, Monaco Grand Prix, and Formula One Racing are just a few most famous sports events held in Monaco. Apart from famous races, the microstate regularly hosts major football, polo, and many other sports events, which are always huge and exciting. That is, Monaco is quite well-versed in Sports Business Management and, thus, it’s one more major you can study here.
A Sports Business Management degree provides you with a comprehensive education in the competitive sports industry. Apart from teaching you the basics of sports culture, it will give you in-depth knowledge of effective business, management, and marketing tactics that work in this industry. Most importantly, IUM offers its Sports Business Management students unique opportunities to collaborate with the industry’s biggest institutions, such as the Automobile Club of Monaco for F1, Ferrari, AS Monaco Football Club, Rolex Tennis Masters, and many others.
4. International Management
Being a magnet for the rich and famous, Monaco, of course, attracts many international businesses that thrive in the microstate. Hence, one more thing that you can definitely learn here is how to manage an international business and thrive in a multicultural setting.
The International Management degree program offered by the university in Monaco gives you just that. The program fosters innovation, strategic thinking, and cross-cultural competence to help develop professionals who know how to make companies thrive in international settings.
The Bottom Line
Unlike the US, the UK, Germany, or other countries known for their top-notch quality of education, Monaco has never been an obvious destination for education. However, we hope that this article has convinced you otherwise.
Thanks to its unique standing in the global arena, Monaco is known for its exceptional expertise in certain fields, and these fields are what you should consider studying at the Monaco Universiti. Now you have a list of the available majors that are worth choosing, so pick what suits you best!
