Higher Education in Monaco
Monaco enjoys a very high adult literacy rate, estimated as high as 99 percent. The country places great value on education and devotes over 5 percent of its budget to funding education, as well as offering educational grants. Monaco's Councilor for the Interior oversees its National Education.
Originally known as the University of Southern Europe, in 2002, it was renamed the International University of Monaco. The university currently offers degrees in business and business administration.
Other schools offering undergraduate and graduate programs in Business Administration include Charles III College and the privately run University of Southern Europe-Monaco (USE-M).
The Technical Lycée of Monte Carlo primarily focuses on hotel management and hospitality, as well as business and specialized education.
The Lycée Albert I offers secretarial studies and accounting.
Four additional specialized institutions include the Municipal School of Plastic Arts, the Nursing School at the Princess Grace Hospital Complex, the Princess Grace Academy of Classical Dance, and the Rainier III Academy of Music.
The tuition fees in Monaco tend to be higher than in many other European countries. Fees vary depending on the school a student attends, the program the student enrolls in, and whether or not the student is a citizen or an international student studying abroad. However, tuition per academic year begins at around 8,000 EUR (USD$10,448).
Eligibility for Study Visas
The University of Southern Europe-Monaco (USE-M) offers special programs for international students who wish to study in Monaco, as well as for Monegasque region students to study in locations overseas, including in the United States.
Why Study in Monaco?
In spite of its more expensive tuition, Monaco allows students to enjoy an exceptionally high-quality education in an intriguing country renowned for its natural beauty, as well as its national and cultural attractions. Students will also appreciate the opportunity to participate in learning more about the area's tourist industry and marine life studies, and perhaps eventually enter a career in one of those fields.