The two-day contest saw students from schools in France, Norway and Ireland rise to the challenge of solving a business problem posed by partner company, TNP consultants. The contest, organized by TBS Education teaching staff and the Centre for Excellence in Artificial Intelligence, involved students from TBS Education’s MSc Data Science and Artificial Intelligence and the MSc Artificial Intelligence and Business Analytics, the Norwegian University of Science and Technology’s MSc in Informatics, and students on the University of Galway’s MSc Business Analytics program. Dataiku, a well-known provider of top notch data science platforms was also a partner of the event. 

Datathon 2024

The expert business consulting firm TNP Consultants came up with the following challenge:  implement a “credit scoring” tool to enable a company called “Prêt à dépenser” (“Ready to Spend”) to approve or reject a loan to a client. 

The students also had to produce a video describing and explaining Artificial Intelligence.  

This multi-country competition in English gave students a chance to develop their international network while working on a professional challenge that involved interacting with leading companies in the world of Data Analytics and Artificial Intelligence. 

“The Datathon is the perfect example of all the synergies that are happening in the perimeter of analytics and AI because it connects professors who are experts in analytics and AI, our two MSc programs in Analytics and AI, and it also connects with the industry.” Kevin Carillo.  

How is the Datathon organized?  

On the first day of the competition, students met on the TBS Education campus for a presentation of the competition and the business problem, then got working on their projects. The aim was to develop the best machine learning algorithm to make the most accurate predictions. Students also had the chance to take part in a Q&A session with Datathon partners and professors. Participants had until midnight to send in their pitch videos.  

On the second day, after a debriefing by the teams, participants were able to continue working on their projects, and the 3 best projects then presented a pitch of their work.  

The competition ended with an awards ceremony where the students shared social time with the professors and partners.  

“What’s really important about Datathon is the development of students’ skills and the exponential learning component.” Jessica Chagnard. 

3 challenges = 3 awards! 

The Datathon includes 3 challenges, and therefore 3 awards:  

  • Best Presentation, for the quality of the pitch and project presentation  
  • Best Model, which rewards the technical quality of the group’s predictive algorithm. 
  • AI Master Challenge, based on the quality of the group’s final work.  
datathon 2024

Our partners 

This year, the Datathon welcomed two well-known partners in the Artificial Intelligence industry:  

TNP Digital Factory, experts in digital transformation, providing complete and personalized solutions for businesses.  

“What’s interesting for us with TBS Education is that we can have a partnership with a renowned school with such a high academic level.” Riyad Lounissi from TNP Digital Factory. 

Dataiku, a French company specializing in Data Sciences, which develops platforms to analyze data and predict movements in the Big Data environment.  

The winners  

The winner in the Best Presentation and Best AI Model categories are the PowerPuff Data group, composed of students from the MSc Data Science & Artificial Intelligence (formerly Big Data, Marketing & Management) of TBS Education .  

And the winner of the AI Master Challenge category is TBS Education’s MSc Data Science & Artificial Intelligence

Congratulations to all the students for their hard work and investment in this competition!  

An international and professional experience  

“I think it’s a great experience for all students to participate in an international event” Patrick Makalif. 

This intense 2-day experience enabled all participating students to confront the challenges of professional life by working and interacting, in English, with international students, professors and industry professionals.    

“I think that this Datathon what actually does is gives you not only the technical capacity but also the business skills required.” Anastasia Griva

Since 2011, TBS Education has had a partnership with Jinan University in Guangzhou, Guangdong province, for the Executive DBA programme.

This programme is offered to students of the Chinese University through 8 seminars over a period of 4 years, combining scientific methodology and strategic decision-making in an entrepreneurial environment.

Of these 8 seminars, two take place on our campuses in Toulouse, Barcelona or Paris, offering Chinese learners immersion at the heart of European campuses.

Due to the health challenges of recent years, learners from Jinan University have not been able to return to our campuses since 2019. Their return to Europe, marked by the campus tour, is therefore a first since the pandemic.

After a graduation ceremony celebrating the success of their predecessors, they began their journey on the new Barcelona campus, then continued on to France to discover how local businesses operate, before concluding their visit on the Paris campus.

This fruitful international partnership, which has lasted for over 13 years, continues to be a success for both institutions in promoting this high-level programme.

Discover how studying in a French business school can unlock your potential and pave the way to success.

As the world becomes increasingly globalized, gaining a competitive edge in the business world is more important than ever. One way to achieve this is by studying in a French business school. These institutions offer unique advantages that can unlock your potential and set you on a path towards success.

Summary

The unique advantages of french business schools

French business schools are widely renowned for their academic rigor, but what sets them apart from other institutions?

In this section, we will explore the unique advantages of studying at a French business school.

France is home to some of the most prestigious business schools in the world. These institutions have a global reputation for academic excellence and are highly regarded by employers worldwide. Studying at a French business school can help you gain a competitive edge in the job market and open up exciting career opportunities.

TBS Education, formerly known as Toulouse Business School, is a globally renowned institution that has established itself as a leader in the field of business studies. As of 2023, the school has a diverse community of more than 5,600 students from 80+ nationalities across its campuses in Toulouse, Paris, Barcelona, and Casablanca.

It holds the coveted “Triple Crownaccreditation from AACSB, AMBA, and EQUIS, a distinction achieved by less than 1% of business schools worldwide.
In the latest QS Global MBA Rankings, TBS Education’s Master in Management program ranked among the top 100 worldwide, a testament to the school’s excellence and high-quality teaching.

Its alumni network is strong, with over 50,000 members spread across 120 countries, further reflecting its global reach and influence.

French business schools are known for their innovative teaching methods and curriculum. They offer a well-rounded education that covers all aspects of business, from marketing and finance to human resources and entrepreneurship. This type of education helps students develop diverse skill sets and prepares them for the challenges of the global business world.

TBS Education stands out for its innovative teaching methods and curriculum. With a focus on experiential learning, students are actively engaged in real-world projects, case studies, and internships, allowing them to apply theoretical knowledge to practical situations.

The curriculum is designed to foster critical thinking, creativity, and adaptability, preparing students to thrive in the dynamic business landscape. Through a combination of interactive lectures, workshops, and team-based projects, TBS Education empowers students to develop a well-rounded skill set and become future-ready professionals.

French business schools maintain strong connections with businesses and organizations around the world. They often work closely with industry leaders to ensure that their programs stay current and relevant. This gives students access to a wide range of career opportunities and enables them to build connections that can help them throughout their careers.

TBS Education boasts an extensive and robust network that strongly links it to the global business sphere. As of 2023, it has formed strategic partnerships with over 500 companies, spanning from multinational corporations to innovative startups, thereby granting students unique internship and job opportunities.

Moreover, the institution is a part of an impressive professional network, including more than 50,000 alumni, who are spread across 120 countries. These alumni frequently interact with the school, offering mentoring programs, industry insights, and potential career opportunities for the current students.

The school’s engagement with the business community is further evidenced by its active role in numerous professional associations. Its close-knit relationship with the business world is a testament to TBS Education’s commitment to equip students with the necessary skills and connections to thrive in their chosen career paths.

Embracing cultural diversity and international exposure

A multicultural learning environment

France has a diverse population, and French business schools reflect this diversity. Students from all over the world come to study here, creating a multicultural learning environment that can broaden your horizons and help you develop a global mindset. These schools also offer opportunities for cultural exchange, such as language classes and cultural events.

For instance, if you are interested in learning about the French culture and language, you can attend language classes that are offered by the school. These classes can help you develop your language skills and enable you to communicate effectively with your French colleagues and clients. Additionally, attending cultural events can help you gain a deeper understanding of French traditions and customs.

Moreover, studying in a multicultural environment can expose you to different perspectives and ideas. You can learn from your classmates who come from different countries and cultures, and this can broaden your worldview and enable you to approach business challenges from a unique perspective.

Opportunities for international internships and exchanges

French business schools have connections with companies and institutions around the world, making it easier for students to secure international internships and exchanges.
This type of experience can help you develop cross-cultural communication skills and gain a deeper understanding of different business cultures and practices.

For example, if you are interested in working in the fashion industry, you can secure an internship with a fashion house in Paris.

This experience can help you learn about the French fashion industry and gain valuable skills that can be applied in your future career.

Similarly, if you are interested in finance, you can secure an internship with a French bank and learn about the French financial system.

Semester Exchanges Photo

Moreover, international exchanges can provide you with a unique opportunity to study in a different country and learn about a new culture. This can help you develop your language skills and gain a deeper understanding of different business practices and customs.

Developing a global mindset

Studying in a French business school can help you develop a global mindset that is essential in today’s business world. Exposure to diverse perspectives and experiences can expand your critical thinking skills and enable you to approach business challenges from a unique perspective.

Furthermore, developing a global mindset can help you become more adaptable and flexible in your approach to business. You can learn to navigate different cultural norms and expectations, and this can help you build stronger relationships with your clients and colleagues.

Additionally, a global mindset can help you become a more effective leader. You can learn to manage diverse teams and leverage their strengths to achieve common goals. This can help you build a successful career in today’s global business environment.

Mastering the french language and its benefits

Learning a new language is always a challenging but rewarding experience. When it comes to French, the benefits go beyond just being able to communicate with native French speakers. In fact, mastering the French language can open up a world of opportunities, both personally and professionally.

The importance of bilingualism in the business world

France is not only a beautiful country with a rich history and culture, but it is also a major player in the European Union and has a strong presence in the global business world. Therefore, studying in France and learning French can give you a significant advantage in international business, as it is one of the most widely spoken languages in the world. Being bilingual can also help you understand the nuances of French culture and business practices, making you a valuable asset to any company.

Furthermore, many international organizations and companies require their employees to be fluent in more than one language. By mastering French, you can increase your chances of landing a job with a multinational corporation or an international organization.

Enhancing your communication and negotiation skills

Learning French can also improve your communication and negotiation skills. France is known for its emphasis on diplomacy and nuance, and learning the language can help you navigate complex negotiations and build stronger business relationships.

Moreover, speaking French can also help you gain a better understanding of the French culture and people. This can be especially helpful when conducting business with French companies or clients, as it can help you avoid misunderstandings and build trust and rapport.

Access to wider network of professionals

Being able to speak French opens up a larger network of professionals and potential business partners. Building relationships with French-speaking professionals can lead to new career opportunities and help you expand your business into new markets.

In addition, French is an official language in 29 countries and is spoken by over 300 million people worldwide. This means that by mastering French, you can connect with people from different cultures and backgrounds, expanding your personal and professional horizons.

In conclusion, mastering the French language can bring numerous benefits, both personally and professionally. Whether you’re looking to enhance your communication skills, expand your network of professionals, or simply explore a new culture, learning French is a worthwhile investment.

Networking and building valuable connections

French business schools often have strong alumni networks that can help you throughout your career. Graduates of these institutions hold powerful positions in the business world and can provide valuable guidance and connections.

French business schools frequently collaborate with industry leaders and conduct research that can impact the business world. Being associated with such institutions can give you access to the latest trends and insights and enable you to build valuable connections in your industry.

French business schools often host conferences and events that attract business leaders and professionals from around the world. Attending these events provides opportunities for networking and learning about the latest trends and insights in your industry.

FAQ

There are many reasons why students choose to study in Europe. One of the most appealing factors is the wide range of study options available. From world-renowned universities to more specialized institutes, students can find programs that fit their academic and professional interests

In addition, Europe is home to a wealth of cultural treasures, making it an ideal place to broaden one’s horizons. Students can explore historic cities, visit world-famous museums, and experience different cultures and lifestyles. 

And with so many countries to choose from, there are always new places to discover. With its strong academic reputation and wealth of opportunities for personal and professional growth, it is no wonder that studying in Europe is such a popular choice for students from all over the world.

A business school is a type of institution that provides educational opportunities in business-related fields. Students can pursue undergraduate, graduate, or professional degrees in business

Business schools can be found at the collegiate level, as well as within standalone institutions. Many business schools are affiliated with universities, but some operate independently. 

Business schools typically offer programs in areas such as accounting, finance, marketing, and management. Some business schools also offer specialized programs in entrepreneurship, international business, and information technology. 

Admission to a business school can be competitive, and most programs require applicants to have a strong academic record and standardized test scores. Business schools place a strong emphasis on practical experience, and many programs include internships or other experiential learning opportunities. Graduates of business school programs often go on to work in leadership positions in businesses of all sizes.

A French Business School offers students a unique educational experience that combines academic rigor with an international perspective. Located in the heart of Europe, French Business Schools offer students the opportunity to study in one of the world’s most vibrant and cosmopolitan cities. In addition, French Business Schools are renowned for their strong links to the business community, providing students with access to a network of potential employers

Finally, they give students the skills and knowledge they need to succeed in today’s global economy. By studying in a French Business School like TBS Education, students can obtain the tools they need to build successful careers in an increasingly borderless world.

Luxury management is a lucrative field that offers a wide range of career opportunities for those who are passionate about the industry. With the growth of the luxury market, there has been an increasing demand for professionals who can manage luxury brands, products and services.

If you are looking to pursue a career in luxury management, it is essential to understand the different educational pathways available, the career opportunities, and the challenges facing the industry.

Understanding Luxury Management studies

The term “luxury management” may seem self-explanatory, but it involves more than just understanding high-end products and services. Luxury management is about understanding the consumer’s mindset towards luxury, creating an emotional connection to the brand, and building and maintaining the brand’s reputation.

Defining Luxury Management

Luxury management refers to the process of managing luxury brands, products, and services. It involves understanding consumer behavior, developing marketing strategies, and implementing strategic plans that maintain the brand’s exclusivity, prestige, and image.

One of the key aspects of luxury management is understanding the psychology of luxury consumption. Many consumers who purchase luxury goods and services do so for reasons beyond the product itself. They may be seeking a sense of exclusivity, status, or even a way to express their identity. Luxury managers must understand these motivations and tailor their marketing strategies accordingly.

In addition to understanding consumer behavior, luxury managers must also be skilled in brand management. This involves creating and maintaining a brand image that is consistent with the company’s values and resonates with consumers. Luxury brands often rely on their reputation and heritage to maintain their status, and luxury managers must ensure that the brand’s image remains consistent over time.

The importance of Luxury Management in today's market

The luxury market is constantly evolving, and the demand for luxury goods and services continues to grow. In recent years, there has been a shift towards experiential luxury, with consumers placing a greater emphasis on unique experiences and personalized service. This presents new challenges for luxury managers, who must find ways to create memorable experiences that are tailored to each individual customer.

Another trend in the luxury market is the rise of sustainable and ethical luxury. Consumers are becoming increasingly aware of the environmental and social impact of their purchases, and are seeking out brands that align with their values. Luxury managers must be able to navigate this trend and find ways to incorporate sustainability and ethical practices into their brand’s image and operations.

Overall, the luxury industry represents a wealth of commercial opportunities that require skilled professionals to manage products and services. With the right training and education, luxury managers can help businesses meet the needs and expectations of their high-end consumers, while also navigating the ever-changing landscape of the luxury market.

Educational pathways in Luxury Management

The world of luxury management is a fascinating and complex industry that requires a unique set of skills and knowledge. As the demand for luxury products and services continues to grow, so does the need for qualified professionals who can manage and lead luxury brands to success. If you’re interested in pursuing a career in luxury management, there are several educational pathways available to you.

Postgraduate programs

A master’s degree in luxury management is increasingly becoming a requirement for career advancement in the industry. These programs are designed to teach students the managerial and strategic skills needed to succeed in luxury management. Some of the subjects covered in these programs include international luxury markets, brand management, strategic marketing, and consumer behavior.

Many of the top institutions for luxury management studies offer postgraduate programs that include internships, providing students with hands-on experience and networking opportunities. These internships can be a great way to gain practical experience in the luxury industry and make valuable connections that can help with career advancement.

Online and distance learning options

For those who are unable to attend traditional, on-campus programs, several universities offer online and distance learning programs in luxury management. These programs provide flexibility and convenience, allowing students to study at their own pace and on their own schedule.

Online and distance learning programs cover similar topics to on-campus programs and can lead to the same career opportunities. However, it’s important to ensure that the program you choose is accredited and recognized by industry professionals.

Career opportunities in Luxury Management

With the rise of the luxury market, there has been a growing demand for professionals who specialize in luxury management. Luxury management is a field that involves overseeing the marketing, sales, and distribution of high-end products and services. This field offers a wide range of career opportunities for those who are interested in working in the luxury industry.

Here are some of the popular career options in luxury management:

Luxury brand manager

A luxury brand manager is responsible for overseeing the entire brand image, developing advertising campaigns, managing budgets, and building relationships with press and media. They need a deep understanding of the luxury market, consumer behaviors, and marketing techniques. They work closely with designers, product developers, and sales teams to ensure that the brand’s message is consistent across all channels. A luxury brand manager must have excellent communication and leadership skills to effectively manage a team of professionals.

Luxury retail manager

A luxury retail manager oversees retail operations, including inventory management, sales, customer experience, and staffing. They create the brand’s in-store experience and ensure that it aligns with the brand’s message and image. They work closely with the visual merchandising team to create eye-catching displays that attract customers. A luxury retail manager must have excellent customer service skills and be able to manage a team of sales associates.

Luxury event planner

A luxury event planner organizes high-end events, such as product launches, fashion shows, and charity galas. They need to have a keen eye for detail, excellent organizational skills and develop relationships with vendors and other event professionals. They work closely with the brand’s marketing team to ensure that the event aligns with the brand’s message. A luxury event planner must be able to manage multiple projects simultaneously and be able to work under pressure.

Luxury marketing specialist

A luxury marketing specialist develops strategic marketing plans that promote luxury products and services. Their responsibilities include researching consumer behavior, identifying target markets, creating promotional materials, and analyzing campaign performance. They work closely with the brand’s marketing team to ensure that the marketing strategy aligns with the brand’s message. A luxury marketing specialist must have excellent analytical and communication skills to effectively communicate with internal teams and external partners.

In conclusion, the luxury industry offers a wide range of career opportunities for those who are passionate about working in the luxury market. Whether you are interested in marketing, retail, or hospitality, there is a career path for you in luxury management. With the right skills and experience, you can build a successful career in this exciting and dynamic industry.

Challenges in the Luxury Management industry

Adapting to changing consumer preferences

As the luxury market evolves, so do consumer preferences. Luxury managers must stay up-to-date on changing consumer trends to ensure that their brands remain relevant and attractive to high-end consumers.

Maintaining brand exclusivity and prestige

Brand exclusivity is crucial in the luxury industry and requires careful brand management. Luxury managers must ensure that their brands remain exclusive by controlling the distribution and pricing of their products and services.

Navigating economic fluctuations

The luxury market is not immune to economic fluctuations. As market conditions change, luxury managers must be able to adapt to maintain profitability and sustainability. This may involve adjusting products, pricing strategies, and marketing tactics.

Embracing digital transformation and e-commerce

The digital transformation of the luxury industry presents both opportunities and challenges. Luxury managers must embrace digital transformation to remain competitive. This may involve developing e-commerce strategies, leveraging social media, and creating immersive online experiences that reflect the luxury brand’s image.

In conclusion, luxury management offers a range of career opportunities, but it is not without its challenges. To succeed in this dynamic industry, it is essential to understand the educational pathways available and be aware of the challenges facing the industry. By staying up-to-date with consumer trends, maintaining brand prestige and exclusivity, and embracing digital transformation, luxury managers can help businesses meet the needs of high-end consumers and thrive in the luxury market.

Studying abroad can be one of the most exciting and enriching experiences a student can have. However, adapting to a new cultural environment can also be overwhelming, particularly in the early weeks or months. Moving to a new country often involves grappling with language barriers, cultural differences, and academic expectations that can be challenging to navigate.

In this article, we’ll explore some strategies for overcoming these challenges and making the most of your study abroad experience.

Summary

Understanding the challenges of studying abroad

Studying abroad can be an incredibly rewarding experience, but it can also come with its own set of challenges. From language barriers to cultural differences, it’s important to be prepared for the unique obstacles that may arise during your time abroad.

Here are some of the most common challenges faced by international students:

Language barriers

One of the most common challenges faced by international students is the language barrier. Even if you are fluent in the language of your host country, there will likely still be some differences in vocabulary and colloquialisms that you’ll need to get used to. This can make it difficult to communicate effectively with locals and can lead to feelings of isolation and frustration.

Fortunately, there are many strategies you can use to improve your language skills. For example, seeking out language exchange partners, joining conversation clubs, and watching local TV shows and films can all be helpful. Additionally, many universities offer language courses specifically designed for international students.

Homesickness

Feeling homesick is a natural part of the study abroad experience for many students. Missing your family, friends, and familiar surroundings is a common feeling that shouldn’t be ignored or dismissed. However, there are ways you can manage homesickness and still enjoy your new environment.

Staying in touch with loved ones through video calls and social media can help you feel connected even when you’re far away. Additionally, immersing yourself in local activities and making new friends can help you feel more at home in your new country. Joining clubs or organizations related to your interests can be a great way to meet like-minded individuals and make new connections.

Cultural differences

One of the most exciting aspects of studying abroad is the chance to experience new cultures. However, cultural differences can also be one of the most challenging aspects of adjusting to a new environment. For example, your host country may have different customs around greeting people, eating meals, or socializing.

To help ease this transition, it can be helpful to research cultural norms before arriving. This can give you a better understanding of what to expect and help you avoid any unintentional cultural faux pas. Additionally, connecting with locals and attending cultural events or workshops can be a great way to learn more about the local culture and make new friends.

Academic expectations

Academic expectations can also vary significantly from country to country. For example, your host country may place a greater emphasis on independent study or have different expectations around deadlines and assignments. It’s important to do your research and speak with your professors or academic advisors to get a sense of what’s expected of you.

Additionally, many universities offer orientation programs specifically designed for international students. These programs can provide valuable information about academic expectations, as well as tips for adjusting to life in a new country.

By being aware of these common challenges and taking steps to prepare for them, you can make the most of your study abroad experience and come away with a deeper understanding of both yourself and the world around you.

Preparing for your study abroad experience

Studying abroad can be an exciting and life-changing experience. It can expose you to new cultures, languages, and ways of thinking. However, preparing for your study abroad experience can be overwhelming.

Here are some tips to help you feel more prepared and confident before you leave.

Researching your destination country

Before you leave, take some time to learn about your host country. This can help you feel more comfortable and confident when you arrive. Researching the history, geography, and culture of your destination can also help you understand the local customs and traditions. Additionally, reading up on current events and news can help you stay informed and aware of any potential safety concerns.

For example, if you’re planning to study in Italy, you might want to learn about the country’s rich history, art, and architecture. You might also want to learn about Italian cuisine and customs, such as the importance of family and community.

Learning the local language

If you haven’t already, consider taking some language classes or engaging in language exchange programs to help you prepare for your study abroad experience. Even if you’re not fluent by the time you arrive, being able to speak some of the local language can be tremendously helpful in getting around and connecting with locals.

For example, if you’re planning to study in France, you might want to learn some basic French phrases, such as “Bonjour” (hello), “Merci” (thank you), and “Où est la bibliothèque?” (where is the library?). Knowing some French can help you navigate the city, order food, and make friends.

Connecting with other international students

Other international students who are also studying abroad can be a valuable resource for advice and support. Consider joining international student organizations or social clubs to connect with other students who may be facing similar challenges.

For example, if you’re studying in Japan, you might want to join a club that focuses on Japanese culture or language exchange. This can help you meet other students who share your interests and can offer advice on navigating the local culture.

Setting realistic expectations

It’s important to remember that studying abroad is not always easy. There will likely be times when you feel frustrated, lost, or overwhelmed. Setting realistic expectations and recognizing that there will be ups and downs can help you stay grounded. Additionally, practicing self-care and prioritizing your mental health can help you weather any challenges you may face.

For example, if you’re studying in South Africa, you might want to prepare for the culture shock of living in a new country. You might also want to set realistic expectations for your academic workload and social life, and make sure to prioritize your mental health by taking breaks and seeking support when needed.

By following these tips, you can feel more prepared and confident for your study abroad experience. Remember to stay open-minded, flexible, and curious, and enjoy the adventure!

Embracing the new culture

One of the best ways to immerse yourself in a new culture is to participate in local customs and traditions. Whether it’s trying new foods, attending a cultural festival, or learning a traditional dance, embracing these experiences can help you feel more connected to your new environment.

Trying new foods

Food is an important part of culture, and trying new dishes can be a fun and delicious way to explore your new country. Don’t be afraid to venture out of your culinary comfort zone and try local specialties or street food.

Making friends with locals

Meeting and making friends with locals is one of the best ways to fully engage with a new culture. Whether it’s through a language exchange partner, a social club, or a volunteer opportunity, getting to know locals can help you feel more at home and deepen your understanding of a new place.

Attending cultural events and activities

Finally, attending cultural events and activities is a great way to learn more about a new culture and meet new people. Whether it’s a concert, a museum exhibit, or a sporting event, these experiences can help you feel more connected to your new environment and create lasting memories.


In conclusion, studying abroad can be an exciting and rewarding experience, but it can also come with its own unique set of challenges. From language barriers to cultural differences to academic expectations, there are many factors to consider when adapting to a new cultural environment. However, with some preparation, an open mind, and a willingness to embrace new experiences, you can make the most of your study abroad experience and create memories that will last a lifetime.

If you’re a student planning to study in Paris, it’s important to understand the cost of living in this beautiful city. As an international student in Paris, it’s important to plan for the cost of living in the city. From accommodation to food and transportation, there are many expenses to consider.

In this article, we’ll break down the cost of living in Paris for students and provide tips for saving money while studying abroad.

Summary

Understanding the cost of living in Paris

paris flag and arc de triomphe

You want to study in France and more specifically in Paris? Before we dive into specific expenses, let’s take a look at some general considerations for understanding the cost of living in Paris.

Paris is known for being one of the most expensive cities in the world, but it’s also one of the most beautiful and culturally rich. As a student, it’s important to be aware of the cost of living in Paris so you can budget accordingly and make the most of your time abroad.

Currency and exchanges rates

Paris uses the Euro as its currency, which means that students coming from countries that don’t use the Euro will need to exchange their currency.
It’s important to keep an eye on exchange rates to ensure that you’re getting the best deal possible. You may be able to save money by exchanging currency before arriving in Paris or using a credit card with low foreign transaction fees.

It’s also important to keep in mind that exchange rates can fluctuate, which means that the cost of living in Paris may change while you’re studying abroad.

General cost of living comparison

In general, Paris is more expensive than other cities in France. However, it’s still possible to live on a budget while studying abroad. Keep in mind that costs may vary depending on where you live and which activities you choose to participate in.

arrondissements of the city of Paris

For example, living in the heart of Paris, such as in the 1st or 2nd arrondissements, will be more expensive than living in the suburbs.

Similarly, eating out at high-end restaurants or shopping at luxury boutiques will be more expensive than cooking at home or shopping at local markets.

That being said, there are plenty of affordable options for students, such as small cafes and bistros, street food vendors, and budget-friendly grocery stores. Additionally, many of Paris’s most famous attractions, such as the Louvre and the Eiffel Tower, offer free admission on certain days of the week or for students with valid ID.

Overall, while the cost of living in Paris may be higher than in other cities, it’s important to remember that the city offers a unique and unforgettable experience that is worth the investment.

Accommodation options and expenses in Paris

interior view of an apartmentinterior view of an apartment

Accommodation is one of the biggest expenses for students in Paris. However, there are several options available that can help students save money and make their stay in Paris more comfortable.

University dormitories

Private apartments

Many universities in Paris offer on-campus dormitories for students. These dormitories are typically the most affordable option, and they provide a great opportunity for students to live in close proximity to their classes and other university facilities.

However, it’s important to note that dormitories may have limited availability and amenities. Some dormitories may not have private bathrooms or kitchens, and students may need to share these facilities with other residents.

Another common option for students is to rent a private apartment. This option may be more expensive than a dormitory, but it also provides more privacy and possibly more space.

Private apartments are available in a range of sizes and locations throughout Paris, so students can choose an apartment that fits their budget and preferences.
However, it’s important to note that rental prices can vary widely depending on the location and condition of the apartment.

Shared apartments and flatshares

Homestays

Sharing an apartment with other students is another way to save money on accommodation. This option is particularly popular among international students, as it provides an opportunity to meet new people and make friends.

Students can search for shared apartments and flatshares online, or they can check with their university’s housing office to see if they offer any resources or recommendations.
However, it’s important to note that living with roommates can have its challenges, and students will need to be prepared to compromise and communicate effectively.

Finally, students may choose to live with a host family through a homestay program. This option can provide a more immersive cultural experience, as students will have the opportunity to live with a local family and learn about French culture and customs.

However, homestays may also be more expensive than other options, and students will need to be prepared to adapt to living in a new environment.
Students can search for homestay programs online or check with their university’s international office to see if they offer any recommendations.

Overall, there are several accommodation options available to international students in Paris. By considering their budget and preferences, students can find an option that works best for them and enjoy their time studying abroad in one of the world’s most beautiful cities. 

Food and dining expenses

concerned lady buying food calculating food

Eating out in Paris can be expensive, but there are also many affordable options.
Here are a few things to keep in mind:

Grocery shopping

One of the easiest ways to save money on food is to shop at grocery stores and cook at home. Many neighborhoods in Paris have local markets, which can also be an affordable option for fresh produce and other goods.
When grocery shopping, be sure to check out the variety of cheeses and wines that France is known for. You can also find a variety of baguettes and croissants that are perfect for a quick breakfast or snack.

Eating out and fast food

Traditional French cuisine

There are many affordable options for eating out in Paris, from cafes to fast food chains. Keep in mind that sit-down restaurants are often more expensive, and prices may be higher in tourist areas.


If you’re looking for a quick bite, try a croque-monsieur, a popular French sandwich made with ham and cheese.
You can also try a falafel sandwich in the Marais neighborhood, which is known for its Middle Eastern cuisine.

Trying traditional French cuisine is a must-do while studying abroad in Paris. However, fancy restaurants can be expensive.
Consider trying budget-friendly options, like crepes from a street vendor or pastries from a local bakery.

If you’re feeling adventurous, try escargots (snails) or coq au vin (chicken in red wine sauce). You can also try French onion soup, which is a classic dish made with caramelized onions and beef broth, topped with melted cheese and bread.

Saving money on food

Finally, there are many ways to save money on food in Paris. Look for student discounts, ask locals for recommendations, and consider bringing snacks or packed lunches with you while exploring the city.

If you’re on a tight budget, consider visiting one of the many food markets in Paris, where you can find a variety of affordable and delicious foods. You can also try a picnic in one of the many beautiful parks in Paris, like the Jardin des Tuileries or the Jardin du Luxembourg.

Transportation costs

ligne du metro parisien

The city of Paris has an extensive public transportation system, which can be a cost-effective way to get around the city.

However, did you know that Paris is also a great city for biking? With over 700 km of bike paths, Paris has made a concerted effort to make the city more bike-friendly. Biking is not only a great way to save money on transportation costs, but it’s also a great way to see the city and get some exercise.

Public transportation

The subway is the most popular form of public transportation in Paris. With 16 lines and over 300 stations, the subway can take you almost anywhere you need to go in the city. Students may be eligible for discounted passes, so be sure to check with your university for more information.

Another great option for public transportation is the bus system. Although the subway is more popular, the bus system can take you to areas of the city that the subway doesn’t reach. Plus, you get to see more of the city from the bus!

Taxis and ride-sharing services

If you need to travel farther or prefer not to use public transportation, taxis and ride-sharing services like Uber are available in Paris. Keep in mind that these options can be more expensive, so budget accordingly.

However, if you’re feeling adventurous, you can also try the city’s bike-sharing program, Vélib‘. With over 20,000 bikes available at over 1,800 stations throughout the city, Vélib’ is a great way to get around Paris while also taking in the sights.

Finally, if you’re looking for a unique way to see the city, consider taking a boat tour along the Seine River. Not only is it a great way to see the city from a different perspective, but it’s also a fun and relaxing way to spend an afternoon.

To conclude

  • In Paris, students have multiple accommodation options, including university dormitories managed by CROUS, which offer affordable rents and proximity to campus. Shared apartments or studios are also alternatives, although prices vary by neighborhood. 
  • The city’s extensive public transportation system, including the subway, buses, and trams, provides convenient navigation for students. The Navigo card offers discounted unlimited access to public transport. 
  • For groceries, students can find budget-friendly options at local markets like Marché Raspail and Marché Aligre, as well as supermarkets such as Franprix and Carrefour City. 
  • Eating out in Paris can vary in cost, but affordable alternatives like brasseries, cafés, and student-friendly eateries allow students to enjoy delicious meals without overspending. 
  • Paris also offers discounted rates for cultural activities, including museums, theaters, and cinemas, with special events organized by CROUS exclusively for students. 

With proper budgeting and awareness of affordable choices, students can enjoy a fulfilling and financially stable experience in Paris while immersing themselves in its vibrant atmosphere and academic opportunities.

As an international student, choosing the right city to pursue your studies can be a challenging decision, especially when it comes to budgeting for your living expenses. Toulouse, with its rich cultural heritage, picturesque streets, and bustling student life, is a popular destination for international students. However, before you make the move to this city, it’s important to understand the cost of living in Toulouse

In this comprehensive guide, we’ll explore the various aspects of living in Toulouse, including accommodation, transportation, food, and entertainment, and provide you with a detailed breakdown of the costs you can expect to incur. 

By the end of this article, you’ll have a clear idea of whether Toulouse is an affordable city for your studies and how you can manage your expenses as an international student.

Summary

Accommodation cost in Toulouse

As a student, accommodation is a significant expense to consider when studying in Toulouse. The cost of accommodation in Toulouse varies depending on the location, size, and type of accommodation

However, there are many options available for students including on-campus housing, private apartments, and shared accommodation.
The cost of rent for a private studio or a one-bedroom apartment in the city center can range from €500 to €700 per month, while the rent for a similar apartment in the suburbs is usually lower, ranging from €400 to €600 per month

According to a survey by Numbeo, the average monthly rent for a one-bedroom apartment in the city center is €609.17 and the average monthly rent for a one-bedroom apartment outside the city center is €481.43

It is essential to factor in additional expenses like utilities and internet which typically cost between €100 to €150 per month. Students should explore different accommodation options and plan their budget accordingly to ensure they have a comfortable living arrangement during their studies in Toulouse.

Transportation costs in Toulouse

Types of transportation available in Toulouse

Getting around a new city can be challenging, especially for international students who may not be familiar with the local transportation system.
Fortunately, Toulouse has a comprehensive public transportation network that is affordable and easy to use. In this section, we’ll explore the various transportation options available in Toulouse, including buses, trams, and metro lines

We’ll also provide a breakdown of the costs associated with using public transportation, as well as alternative transportation options such as bike rental and car sharing 

Public transportation options in Toulouse

Toulouse has an extensive public transportation network that includes buses, trams, and metro lines. The Tisséo network covers the entire city and its suburbs, making it easy for students to get around. 

  • A single ticket for any mode of transportation costs €1.70, and a pack of ten tickets is available for €14.10. 
  • Monthly and annual passes are available for frequent users. 


As of April 2023, the monthly pass costs €49.30, and the annual pass costs €496.70.

Students who are under 26 years old and studying in Toulouse can purchase a monthly pass for €28.20, and an annual pass for €282.60. The Tisséo website provides a comprehensive guide to the public transportation network, including route maps, schedules, and ticket information.

Bike rental and car sharing options in Toulouse

In addition to public transportation, Toulouse also offers alternative transportation options such as bike rental and car sharing

VélôToulouse is the city’s bike-sharing service, with over 280 stations and 2,400 bikes available for rent. 

  • The first 30 minutes of each ride are free, and each additional half-hour costs €1. 
  • After four hours, the price increases to €5 per hour. 

Another option is car sharing, which allows users to rent cars for short periods of time. BlaBlaCar and Drivy are popular car-sharing services in Toulouse, with prices ranging from €4 to €10 per hour, depending on the vehicle type and rental duration.
These alternative transportation options can be more cost-effective for short-term use, especially if you only need to travel short distances.

Food and grocery costs in Toulouse

young couple with shopping cart choosing frozen food

Food is an essential part of daily life for students, and it’s important to know the cost of groceries and meals in Toulouse.

In this section, we’ll explore the different food and grocery options available, including supermarkets, grocery stores, and restaurants, and provide an overview of the average cost of food in Toulouse. 

Supermarkets and grocery stores in Toulouse

The city has a variety of supermarkets and grocery stores that offer a range of options for students. Carrefour, Auchan, and Leclerc are some of the popular supermarkets in Toulouse. 

These supermarkets offer a wide range of products, from fresh produce to household items, at reasonable prices. Lidl and Aldi are discount supermarket chains that offer even lower prices, but with a more limited selection. In addition to supermarkets, Toulouse has numerous open-air markets that sell fresh produce, cheese, meat, and other local specialties. 

On average, a student can expect to spend on average between €50 and €70 per week on groceries in Toulouse, depending on their food preferences and dietary requirements. Prices may vary depending on the supermarket and the location.

Restaurants and cafe in Toulouse

Toulouse offers a vibrant food scene with a variety of restaurants and cafes to choose from. The cost of dining out in Toulouse varies depending on the type of cuisine and the restaurant’s location. 

A meal at a mid-range restaurant can cost between €15 to €25, while a meal at a fast-food restaurant can cost between €7 to €10. (according to Numbeo.com)

For a more budget-friendly option, many cafes and bakeries offer sandwiches, pastries, and drinks for under €5. Toulouse is also known for its street food, with various food trucks and stalls selling crepes, sandwiches, and other snacks for under €10. 

Prices may vary depending on the restaurant or cafe and the location. TripAdvisor and TheFork are useful resources for finding and comparing restaurants in Toulouse.

Entertainment and leisure costs in Toulouse

cinema 2022 02 18 16 53 40 utc (1)

The city has a vibrant entertainment scene with plenty of options for students to explore. The cost of entertainment and leisure activities in Toulouse varies depending on the activity and the location. For example, a ticket to the cinema will cost you on average €11.50, while a ticket to a museum like the Musée des Augustins costs €5 for students. 

There are also numerous festivals throughout the year, including the Printemps de Septembre and the Rio Loco Festival, which offer free and ticketed events. 

In terms of nightlife, Toulouse has a range of bars and clubs, with drinks costing around €6-€8 per drink.
For budget-friendly options, students can explore the city’s parks, like the Jardin des Plantes or the Prairie des Filtres, which are free to enter.
The cost of entertainment and leisure activities in Toulouse is generally affordable, and students can enjoy a variety of options on a budget.

Is Toulouse affordable for international students?

Affordability is a major concern for international students, and Toulouse offers a good balance between quality of life and cost of living.

According to Numbeo, the cost of living in Toulouse is 20% lower than in Paris, with the average monthly cost of living for a student estimated at €750-€1000.

– Accommodation is one of the most significant expenses for students, but there are various affordable options available, ranging from €400 to €700 per month. Public transportation is also affordable, with a single ticket costing €1.70 and monthly passes available for €49.30. 

– Food and entertainment options are reasonably priced, with many affordable supermarkets, restaurants, and leisure activities available throughout the city. Additionally, students can take advantage of discounts and special offers by presenting their student ID card.

While there are certainly expenses to consider, Toulouse offers a more affordable option for international students compared to other major cities in France.

Are you considering studying abroad? Look no further than Europe! With its diverse range of education options, affordable tuition fees, and endless travel opportunities, Europe is the perfect destination for international students. 

And if you’re looking for a top-ranked business school in the heart of Europe, TBS Education has everything you need to launch your global career. 

In this article, we’ll explore the many benefits of studying in Europe, including how it can boost your career prospects, expose you to different cultures, and broaden your horizons. So why wait? 

Read on to discover why studying in Europe is the best choice you can make for your future.

Summary

Studying in Europe: A boost for your career

european union flag

Studying in Europe can be a game-changer for your career prospectsInternational students who study in Europe find employment easily after graduating. This is largely due to the quality of education and research in Europe, which ranks among the best in the world.

In fact, according to the QS World University Rankings 2022, 28 of the world’s top 100 universities are located in Europe.

Moreover, studying in Europe can enhance your cross-cultural communication skills and global mindset, making you more competitive in the job market. A recent study by QS found that European employers rank international experience as the second most important factor when recruiting graduates, after relevant work experience.

A wide range of education option available

Europe offers a wide range of education options, from vocational training to doctoral programs, and everything in between. With over 4,000 higher education institutions, Europe has something for everyone. 

Whether you want to pursue a degree in business, management, communication, engineering, the arts, or any other field, you’re sure to find a program that suits your needs.

France, for example, is home to some of the world’s top business schools, such as HEC Paris, TBS Education as well as renowned universities such as Sorbonne University and École Polytechnique making it an attractive destination for students.
You should take a look at our article Why study in France?

Many European universities offer interdisciplinary programs, allowing you to combine different areas of study to create a personalized learning experience.

Difference of tuition fees compared to the rest of the world

student success scholarship ideas for college/university

Tuition fees in Europe for a Bachelor or a Master degree are generally lower than in other popular study destinations like the US and Australia. 

Furthermore, many European countries offer scholarships and grants to international students. In France, for example, the Eiffel Scholarship provides full funding for Master’s and PhD programs to outstanding international students. Similarly, the Swedish Institute Scholarships for Global Professionals cover tuition fees and living expenses for master’s students.

In addition, many European countries allow international students to work while studying, providing an opportunity to gain valuable work experience and offset some of the costs of living.

Traveling opportunities in many beautiful countries

Europe is renowned for its rich cultural heritage, diverse languages, and vibrant arts scene. Studying in Europe provides an opportunity to immerse yourself in this cultural richness, whether it’s visiting famous museums and galleries, attending music festivals and theater performances, or sampling local cuisine.

  • Moreover, Europe’s well-developed transportation network and relatively small geographic area make it easy to travel to different countries and experience different cultures.
  • According to the European Travel Commission, Europe welcomed over 700 million international tourists in 2019, making it the world’s top travel destination.

Whether it’s a weekend trip to Paris, a ski vacation in the Alps, or a summer internship in Barcelona, studying in Europe offers a wealth of travel opportunities.

Cultural and linguistic richness

Europe is known for its rich cultural and linguistic diversity. With over 200 languages spoken across the continent, studying in Europe provides an opportunity to learn a new language or improve your language skills.

In addition, Europe is home to some of the world’s most famous museums, galleries, and cultural landmarks. Whether you’re interested in art, history, or music, Europe has something to offer.

cropped view of translator pointing at arrows

Why choose TBS Education for studying in Europe?

tbs education students

TBS Education is a top-ranked business school located in the heart of Europe. With campuses in Toulouse, Paris, and Barcelona, TBS Education offers a multicultural learning experience that prepares students for a global career.

The school is consistently ranked among the top business schools in Europe and worldwide, according to various rankings such as the Financial Times and QS World University Rankings.

TBS Education is known for its innovative teaching methods and its commitment to developing responsible and ethical leaders. With a focus on experiential learning, TBS Education provides students with real-world experience through internships, consulting projects, and study abroad programs.

Offering a wide range of programs in management, finance, marketing and many other fields, TBS Education is an ideal choice for students looking to start building their professional career.

Here are some more reasons to come to TBS Education for your studies:

  • Strong alumni and corporate network: TBS Education has a strong network of alumni and corporate partners, providing students with valuable networking opportunities and access to job opportunities after graduation.
  • Ethical and responsible leadership focus: TBS Education is committed to developing responsible and ethical leaders through its curriculum and extracurricular activities, preparing students to make a positive impact on society and business.
  • Excellent faculty: TBS Education faculty members are experts in their respective fields, with a focus on research and practical application of knowledge.
  • Vibrant student life: TBS Education offers a range of extracurricular activities, clubs, and events, providing students with a vibrant and enriching student life experience.
  • International accreditation: TBS Education is accredited by the AACSB, EQUIS, and AMBA, the three leading international accreditations for business schools, ensuring the highest standards of quality education.

Finally, choosing to study in Europe provides a wealth of opportunities for personal and professional growth. With its diverse range of education options, low tuition fees, travel opportunities, cultural richness, and top-ranked institutions like TBS Education, Europe is an excellent choice for anyone looking to enhance their education and career prospects.

 

Prepare your arrival in France!

Are you enrolled at TBS Education and now preparing to travel to France? There might be a few topics on which you’d like more information. If that is the case, feel free to join the International Student Office pre-arrival webinars!

The TBS International Student Office (ISO) has for main mission to help international students with their arrival and integration in France and at TBS Education. You can find sessions on different topics available below 👇. Pick your session, register and get the link to connect live with the ISO team or partners (feel free to prepare any questions on the session’s theme to ask them during Q&A time 😉).

Register to our Info Sessions! 

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Contact the team directly!

Having an issue with the time or need to information on a specific topic? Feel free to email the International Student Office (ISO)!