Jouy-en-Josas (Paris area), FR · 16 months · class of 235
HEC Paris MBA: cost, salary and payback
95% of the class comes from abroad, and only 52% of graduates who took a job stayed in Europe.
Paid back after graduation in
6.6 years
Total cost $262,424 · 10-year NPV $19,244
| Tuition and fees, whole program | $114,118 |
| Living budget | $28,306 |
| Salary given up, 16 months | $120,000 |
| Total cost | $262,424 |
| Salary after: average total pay | $123,170 |
| 10-year net present value | $19,244 |
| Return on the cost (present values) | 7% |
US dollars at the ECB rate of the last update. Raises of 5% a year with the MBA and 3% without, discounted at 5%, before tax. How this is calculated.
Fees and budget read on October 13, 2026 · employment: Class of 2025 (MBA CSEA standard) · Built by Radif Partners · Method
- Tuition and fees
- €102,000
- Total cost, salary given up included
- $262,424
- average total pay
- $123,170
- Payback, reference person
- 6.6 years
The HEC Paris MBA costs €102,000 in tuition for a 16-month program on the Jouy-en-Josas campus south-west of Paris, with no separate mandatory fee, and the school budgets €25,300 for a single student over the same period, for €127,300 before lost salary. A person earning $90,000 today gives up $120,000 over those 16 months, which brings the total to $262,424. The class of 2025 reported an average total pay of $123,170, a package that includes bonuses rather than a base salary; on that figure the reference person repays the cost 6.6 years after graduation, with a ten-year net present value of $19,244. What makes HEC unusual is how far its graduates spread: 25% went to work in Asia and Oceania and 8% in Africa and the Middle East, against 52% in Europe, France included. Technology, not consulting, is the largest sector.
A package figure, and sector lines that sit lower
HEC reports its class of 2025 under the MBA CSEA standard, but the headline it prints is an average salary package of $123,170, base and bonuses together. The school also gives a lower median beneath it. Every sector median in the report is below that package: technology $98,956, finance $106,308, consulting $108,964. Compare sector lines with each other, not with the headline, and treat the payback above as an upper estimate of what the degree earns back. Signing bonuses had a median of $15,000.
Technology took 27% of the class, ahead of finance at 24% and consulting at 15%. That order differs from INSEAD, its neighbor in the INSEAD and HEC comparison, where consulting takes 50% of the class. Employers named by the school for two hires or more include Amazon, L'Oréal, Impossible Cloud, BCG and Accenture.
HEC Paris: where the class went
Share of the class
15%
| Salary reported | $108,964 |
| Graduates, about | 35 |
| Payback with that salary | 9.3 years |
Reference person earning $90,000 before the MBA.
Where the class goes after Jouy-en-Josas
The regional split is the most useful part of the report for a non-European applicant. 52% of graduates who took a job work in Europe, 25% in Asia and Oceania at $82,825, 11% in North America at $134,000, and the rest in the Middle East, Africa and Latin America. The gap between the American and Asian figures, $51,175, is a reminder that the headline salary mixes very different labor markets. In our ranking for working in Europe, HEC is 10 of 16; for Asia it is 9 of 18 and for the Middle East 5 of 7.
Many graduates move country and sector at the same time: the report says most found jobs outside their home country and more than half switched sector. 75% accepted an offer within three months.
HEC Paris: when the MBA pays back, for your salary
Payback after graduation
6.6 years
| Total cost with the salary given up | $262,424 |
| Salary after (average total pay) | $123,170 |
| 10-year NPV | $19,244 |
Same assumptions as the main calculator; US dollars.
Paying in euros, deposit first
The fee is billed in euros, a deposit first and two instalments after, so the dollar cost moves with the exchange rate. The living budget is the school's figure for a single student on campus; a couple living on campus pays noticeably more, as the school states. The January intake can finish in about a year, which shortens the months without salary. The converter below turns the euro amounts into your own currency at the ECB rate, and the scholarship guide shows what an award changes.
A fee or a salary in US dollars
In US dollars
$111,880
| 1 EUR | $1.119 |
ECB reference rate of October 13, 2026. Prices on the ground do not follow exchange rates one for one.
Where HEC Paris stands in our rankings
- #32 of 40 · Any industry (whole class)
- #36 of 38 · Consulting
- #28 of 39 · Finance, all segments
- #28 of 40 · Technology
- #33 of 39 · Working in the United States
- #10 of 16 · Working in Europe, UK included
- #9 of 18 · Working in Asia
- #5 of 7 · Working in the Middle East
Our fit score, reference person earning $90,000 before the MBA (method). Third-party rankings play no part in it. For reference, HEC Paris was ranked 6 in the FT Global MBA 2026.
What the HEC Paris MBA costs
| Item | EUR, and US dollars |
|---|---|
| Tuition, whole program | €102,000 $114,118 |
| Living budget, whole program | €25,300 $28,306 |
| Salary given up: $90,000 a year for 16 months | $120,000 |
| Total cost, reference person | $262,424 |
HEC Paris employment report: Class of 2025
| Measure | Value |
|---|---|
| Average total pay | $123,170 |
| Signing bonus (median) | $15,000 |
| Graduates who accepted an offer within three months | 75% |
HEC Paris graduates by industry
| Industry, as the school names it | Share | Salary |
|---|---|---|
| Technology | 27% | $98,956 |
| Financial services | 24% | $106,308 |
| Consulting | 15% | $108,964 |
| Consumer packaged goods + Retail and luxury | 9% | not published |
| Media + Hospitality + Legal + Real estate + Transport | 9% | not published |
| Manufacturing | 5% | $96,338 |
| Government, NGO, education | 5% | $84,903 |
| Healthcare | 4% | $104,777 |
| Energy | 2% | $72,894 |
Where HEC Paris graduates went to work
| Region | Share | Salary |
|---|---|---|
| US (North America) | 11% | $134,000 |
| Europe (Europe outside France + France) | 52% | not published |
| Asia (Asia & Oceania) | 25% | $82,825 |
| Middle East (Africa & Middle East) | 8% | not published |
| Latin America | 4% | $100,574 |
HEC Paris graduates by job function
| Function | Share | Salary |
|---|---|---|
| Financial services | 24% | not published |
| Consulting | 20% | not published |
| Marketing/Sales | 19% | not published |
| Operations & Logistics | 13% | not published |
| General Management | 8% | not published |
| IT | 5% | not published |
| Project Management | 3% | not published |
| Strategy | 3% | not published |
Employers named by HEC Paris
Amazon · L'Oréal · Impossible Cloud · BCG · Accenture · Pernod Ricard · HCLTech · Bank of America · Microsoft · Google · KPMG · Strategy& · Uber
Names only: the school gives no hire counts.
The HEC Paris class
| Measure | Value |
|---|---|
| International students | 95% |
| Women | 40% |
| Average age | 30 |
| Average years of work experience | 6 |
| Nationalities | 49 |
| Class size | 235 |