International University of Monaco IUM Masters

International University of Monaco IUM

Region: Europe

Country: Monaco

City: Principality of Monaco

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International University of Monaco IUM

Over 300 days of sunshine a year, amazing scenery and a large international population combine to make Monaco an attractive study destination for many. This tiny principality is home to just 39,000 residents and its GDP per capita is one of the highest in the world. However, living costs here are far more affordable than what you might expect from such a prosperous region. Monaco’s highly-specialized economy is focused on certain key industries, which means that students who are interested in pursuing a career in the likes of Luxury Management, Finance and Tourism will have a plethora of opportunities both here and abroad. And the absence of a state income tax means a career here could leave you with plenty of spare cash to enjoy everything that Monaco has to offer.

The International University of Monaco is in the perfect position to help its students exploit the career opportunities here. As the only university in the principality it has been able to harbor links with the business community that other institutions cannot, whilst its range of master’s programs have been designed specifically with the needs of the local economy in mind. In short, they provide students with the skills, knowledge and network that could only be gained in this unique citystate.

There are five master’s degrees that you can study at The International University of Monaco: International Management, Luxury Management, Marketing – Luxury Goods and Services, Finance and Sports Management. They all tap into the specializations of Monaco’s economy whilst providing students with a globalised view of the business world, through both the high proportion of international students here and also the promise of several foreign study trips during the program. The first step towards a successful career forged in Monaco starts right here.

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Frequently Asked Questions

What's so unique about the International University of Monaco's Master's programmes?

The International University of Monaco (Graduate Business School) offers MSc Programs in Finance, Luxury, International Management, Marketing and Sport Business Management.

All our MSc programs boast cutting-edge curricula that combine theoretical business studies and real-life professional experience. Monaco Business School provides a unique choice of specializations which give students an all-round, yet targeted business education. During our MSc programs students not only acquire deep knowledge of main business concepts, but also develop specific skills in the key areas that interest them.

When do IUM's Masters start?

IUM’s Master of Science programs last 16 months with classes from September through June followed by an extended internship. January entry is also possible under certain conditions.

Why is Monaco very interesting for graduate students?

  • International trade (with a turnover of 2.5 billion euros), the service sector, tourism, real estate, construction and engineering work and last but not least, the banking and finance sector, with over 70 establishments.
  • The Monegasque private sector generated a turnover of over 9 billion euros in 2002.
  • Monaco is one of the safest places in which to live and to do business.
  • Low taxation further encourages entrepreneurship and business development.
  • The principality has been a member of the United Nations since 1993 and is also fully integrated in the Euro Zone.

Why will students enjoy Monaco so much?

Here are some of the reasons why:

  • Monaco is a sovereign state that is neutral and independent, a role model country with stable institutions
  • An accessible location and exceptional quality of life in the heart of Europe, bordering the Mediterranean basin
  • A united, welcoming and multicultural community (more than 120 nationalities living in harmony) in which English is widely spoken
  • leisure destination with hotel and nautical infrastructures in the best traditions
  • A unique economic and social model where the absence of debt and structural budgetary balance is a long-term guarantee for the future
  • Sports, culture and festivities as part of everyday life, as well as numerous international events
  • Exemplary domestic security, both for residents and visitors , which forms one of the Government’s priorities, together with outstanding schools , social services and health care
  • diversified and forward-looking economy , with a well-adapted taxation policy , and with a dynamic employment and consumer market that also impacts neighbouring French and Italian areas
  • An accessible, open and attentive Administration for both businesses and the public
  • A long-standing commitment to eco-responsible and sustainable development

What documents need I to submit in order to apply for a Monaco Master's programme?

You will need to provide:

  • A motivation letter
  • University transcript(s) and diploma(s), with official translation when necessary
  • 1 official picture
  • Photocopy of passport or national identity card
  • Proof of English proficiency *
  • An updated Resume

* IUM  accepts 3 tests:
– IELTS à 6.0
– TOEFL à 79
– Cambridge  à C 
The proof of English is mandatory except if you are native or have studied in an English speaking school for a minimum of 3 years

Can I apply for a scholarship?

Once you got admitted, you can submit your merit-based scholarship application online (between 1000 and 5000 euros).

A committee will assess your application once it will be completed. 

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The International University of Monaco was known as the University of Southern Europe until a name change in 2002


The 620 students here make up 1.6% of the entire population of Monaco


Beyond its Monaco campus, the university also has vast international partnerships that allow study exchanges at institutions all over the world


Over 80 different nationalities make up the student body & faculty here


What better place to study luxury management and marketing than in the so-called ‘Billionaire’s Playground’?