Almost all students are sponsored by a company or an institution that pays for their living expenses during the academic period and contributes towards their tuition.
This type of industrial support comes in three main forms: sponsorships and apprenticeships for young graduates, and study leave for working professionals.
Types of corporate sponsorships for young graduates
These industrial support apply to young applicants who graduate less than a year before the IFP School admissions boards convene. In this case, tuition is covered in part by French public-sector funds and in part by corporate contributions. Students pay no fees.
sponsorships: students take classes at IFP School either continuously for an academic year followed by an internship in the sponsoring company, or alternating periods at IFP School and practical training work in the sponsoring company. They receive a monthly allowance to cover living expenses: a €1,400 grant (recommended amount) in the name of the company by a foundation for the entire study period, an allowance paid by the company during the internship.
- apprenticeships: students alternate training at IFP School and periods in a company. During their apprenticeship, students are a company employee with a fixed-term employment contract and receive a monthly salary recommended as totaling the same as the grant given to sponsors. This option is only open to persons aged 29 and under. It mainly concerns European Union nationals.
- There are other types of financial support, such as grants from ministries, foundations and other institutions, as well as merit scholarships awarded each year by IFP School.
Applications for admission to IFP School and for financial support must be made concurrently. The search for financial support is a process that takes time (unsolicited requests made to companies, interviews with HR managers and operational staff, etc.).
We therefore recommend that students begin their search as soon as possible, from submission of admission application. Conversely, students should not wait until they have secured financial support before filing their application.
IFP School can help with the quest for financial support after assessing student application.
Types of funding for professionals
- Professionals who have an employment contract with a company can benefit from study leave at IFP School as part of a continuing training degree program. In this case, the company must pay the tuition in full. For 2020, tuition is €30,000 (standard rate that applies to all programs except for Reservoir Geoscience and Engineering and Petroleum Economics and Management, given that courses are taken partly in a partner university in the United States or Russia).
- Professionals can also choose self-funding for their studies.