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Other financing sources

ESMT's Master's in Management program represents an excellent value for money. Students are encouraged to research a variety of ways to fund their studies. Many programs exist in Germany or in the student's home country to support your education.

MIM candidates may also find the list on the MBA funding page helpful, as many of the sources are viable for master's students as well.

  • All countries

    The German Academic Exchange Service (DAAD) remains the most famous and popular resource for foreign students looking to study in Germany.

    The DAAD offers a wide range of support for participants from all over the world. They offer a very extensive database of available financial aid for both foreign and German students. You will find a list of applicable scholarships by using the Scholarship Database search filter.

    Award amounts and eligibility vary by country. Please visit or contact your national DAAD office for more information.

  • German citizens and residents

    German applicants and some foreign residents in Germany applying to ESMT may qualify for student loans from German banks. Many of these loans offer special interest rates and payment terms, depending on your application and qualifications. We encourage you to check with your local bank branch for more information.

  • Mexico

    Banco de México

    The Fund for Development of Human Resources (FIDERH) is a federal trust managed by the Central Bank of Mexico, which has been helping to finance graduate studies for over 40 years. ESMT is an official partner, and they offer reasonable loans for Mexican students pursuing studies abroad. The requirements are simple: if you have been accepted into our program, you are eligible.

     

    CONACYT Scholarships

    The Consejo Nacional de Ciencia y Tecnología offers several scholarships for studies abroad, each with different requirements and different deadlines. Applicants should take a close look at the available scholarships to see which one would fit them best.

    Preference is given to students pursuing a doctorate, but master-level applications are also accepted.

    The minimum requirements are:

    • Notification of admission from ESMT
    • Completed application for a scholarship
    • Previous academic degree
    • Minimum average grade of 8 (out of 10) in previous studies
    • Official documentation proving Mexican nationality and CURP
    • TOEFL (>550 PBT, >213 CBT, >90 IBT) or IELTS (>6.0)

     

    FUNED

    ESMT Berlin offers a 20% tuition reduction for candidates of the Master’s in Management program who are supported by Fundación Mexicana para la Educación, la Tecnología y la Ciencia (FUNED).
    The minimum requirements are:

    • Mexican nationality
    • A minimum GPA of 8.0 (out of 10) in the first degree AND a first Mexican "Título" degree
    • An official Certificate of Admission by ESMT Berlin
    • An application to FUNED no later than 90 days before leaving to study the MIM

    Contact FUNED directly to apply for this scholarship.

  • United States (Federal Financial Aid Program)

    ESMT participates in the US Department of Education direct loan scheme. You are eligible for a direct loan if you are a US citizen or a permanent resident (green card holder) of the US and a student at ESMT. The school borrower code is G41765 when filling out the FAFSA application.

    Interested students should inform ESMT's MBA Program Manager that they plan to apply for federal loans via the following address: student-services@esmt.org.

    To ensure the funding is available when the program starts, the application deadline for students applying for US financial aid is October 1 of each year.

    For more information regarding US federal student loans please visit: http://www.studentaid.ed.gov/.