HEC Scholarships can be broadly categorized into Merit Based and Need Based scholarships(scholarships on other criteria also exists) .To be eligible for the scholarships, admitted candidates must provide their financial status and details of how they plan to finance their studies.
Scholarship Application Process: Online
Essay Required: For Some scholarships, an essay is required
Interview Required: For Some scholarships, interview is required
When to Apply: On Admission to HEC MBA Program
Criteria: Merit-based, Need-based and Specific criteria in other cases
HEC MBA Need Based Scholarship
The HEC MBA Need-Based Scholarships are designed for only those applicants who require financial assistance to achieve their goal of joining the MBA program at HEC Paris.
Eligibility and Criteria
1) All MBA applicants can apply for this Need-Based scholarship.
2) Candidates must complete an application which includes an essay and submit a detailed description of their financial circumstances as well as a cash-flow forecast for the 16-month duration at HEC.
3) Candidates cannot apply for both need-based and excellence scholarships. But they can apply to the following scholarships:
Alcatel-Lucent scholarship
Eiffel scholarship
Forté scholarship
L’Oréal scholarship
Rainbow Bridge scholarship
Serge Bellanger scholarship
Amount: The amount of the scholarship varies from €6,000 to €24,000
4 different amounts will be awarded:
€6,000 - the amount of the initial deposit
€12,000 - 25% of the total tuition fees
€18,000 - the amount of the last installment
€24,000 - the amount of the first installment
Application Deadline: Within One Week of Admissions
Decision date: Decisions will be announced in a week after the Admissions jury decision
Documents: Once awarded the scholarship, the applicant will be asked to submit their 3 last wage slips and submit a signed declaration confirming their total annual earnings (including all other sources of income) in order to receive their HEC MBA Need-Based scholarship.
HEC Scholarships for Excellence
HEC Scholarship for Excellence are designed for attracting best candidates and to help them achieve their personal and professional goals.
Eligibility and Criteria
1) Candidates must complete an application which includes an essay
2) Academic excellence, the overall strength of the application, the results of the selection interviews and the candidate’s GMAT score.
Amount: €6,000 to €24,000
4 different amounts can be awarded:
€6,000 - the amount of the initial deposit
€12,000 - 25% of the total tuition fees
€18,000 - the amount of the last installment
€24,000 - the amount of the first installment
Application Deadline: Within One Week of Admissions
Decision date: Decisions will be announced a week after the Admissions jury decision
HEC MBA Loans
PS: Please note that you cannot apply to both HEC Excellence Scholarship and HEC MBA Need-Based scholarship
Financial institutions that provide loans to HEC MBA participants:
BNP Paribas
BRED
Credila Indian Student Loan Program through GEMS
LCL - Le Crédit Lyonnais
Sallie Mae
Société Générale
State Bank of India
US Federal Loans
About the Author
I am Atul Jose, Founding Consultant of F1GMAT, an MBA admissions consultancy that has worked with applicants since 2009.
For the past 15 years I have edited the application files of admits to the M7 programs: Harvard Business School, Stanford Graduate School of Business, the Wharton School, MIT Sloan, Chicago Booth, Kellogg School of Management, and Columbia Business School, together with admits to Berkeley Haas, Yale School of Management, NYU Stern, Michigan Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, SDA Bocconi, IESE Business School, HEC Paris, McCombs, and Tepper, plus other programs inside the global top 30.
My work covers the full MBA application deliverable: career planning and profile evaluation, application essay editing, recommendation letter editing, mock interviews and interview preparation, scholarship and fellowship essay editing, and cover letter editing for funding applications. Full bio with credentials and admit history is here.
I am the author of the Winning MBA Essay Guide, the best-selling essay guide covering M7 MBA programs. I have written and updated the guide annually since 2013, which makes the 2026 edition the thirteenth.
The reason I still write and edit essays every cycle: a good MBA essay carries a real applicant's voice. Writing essays for F1GMAT's Books and Editing essays weekly is how I stay calibrated to what current admissions committees respond to.
Contact me for school selection, career planning, essay strategy, narrative development, essay editing, interview preparation, scholarship essay editing, or guidance documents for recommendation letters.