FINANCING & WORK-STUDY PROGRAMS
FIND OUT ABOUT THE DIFFERENT WAYS TO FINANCE YOUR STUDIES DEPENDING ON YOUR YEAR OF TRAINING
HOW CAN YOU FINANCE YOUR STUDIES AT THE CMH?
At the CMH, we are particularly keen to offer you courses from 4th year onwards that are eligible for work-study programs.
This gives you access to several types of contracts and schemes to finance all or part of your studies.
Studying while working in a company is perfectly feasible when you join the CMH. Alternating theoretical lessons at school with work placements offers a number of advantages: training and acquisition of fundamental skills, professional experience and skills, integration into the job market within the luxury hotel sector and monthly remuneration.
Our training courses have been conceived and designed as a global career path with one commitment: to build your career project together.
Depending on your situation and your chosen training program, our teams are available to advise and support you in your choice of financing for your studies.
Do you have any questions? Don’t hesitate to contact us or come and meet us..
WORK-STUDY CONTRACTS
The apprenticeship contract
What is an apprenticeship contract?
An apprenticeship contract is based on a model designed to provide training leading to a degree. It is based on the principle of alternating theoretical training at the apprentice training center with on-the-job training at the employer’s premises. This contract entitles the apprentice to the same rights as company employees. The aim is to obtain a diploma or qualification registered on the RNCP (National Directory of Professional Certification), i.e. recognized by the state.
How long is an apprenticeship contract?
This is a fixed-term contract lasting from 6 to 24 months (with the possibility of extension in certain special cases). The duration of the training is fixed by an agreement between the apprentice training center (CMH campus), the employer and the apprentice, and may be equal to or less than that of the training cycle, depending on the initial level of skills. For example, 3 days at the training center and 2 days at the company.
Who can benefit?
Young people aged 16 to under 29.
How much does it pay?
Apprentices receive a minimum wage corresponding to a percentage of the SMIC, depending on their age and the number of years of apprenticeship, i.e. between 27% and 100% of the SMIC. These amounts may be increased if the company has a collective bargaining agreement. As an employee, the apprentice is entitled to 5 weeks’ paid vacation per year and an additional vacation period to prepare for final exams (to be taken in the month preceding the exams).
Who pays for training?
Training costs are fully or partially covered by the OPCO (OPérateur de COmpétences) to which the company belongs. The amount paid depends on several factors:
- The duration of the contract
- The professional branch to which the host company belongs
Professional development contract
What is a professional development contract?
The “contrat de professionnalisation” (professional development contract) is based on a model to obtain a qualification or degree. It is based on the principle of alternating practical experience in a company with theory within the training organization (CMH campus). Students sign an employment contract that entitles them to the same rights as salaried employees. Professional development contracts cannot be signed with the State, local authorities or public administrative establishments.
What is the duration of a professional development contract?
This is a fixed-term contract lasting from 6 to 36 months. For example, 3 days at the apprentice training center and 2 days at the company.
Who can benefit?
Young people under the age of 26.
How much does it pay?
Work-study trainees receive a minimum wage corresponding to a percentage of the SMIC, depending on their age and the number of years of training, i.e. between 65% and 80% of the SMIC. These amounts may be increased if the company has a collective bargaining agreement. As an employee, the work-study trainee is entitled to 5 weeks’ paid vacation per year and up to 5 days’ unpaid leave to prepare for exams.
Who pays for training?
Training costs are fully or partially covered by the OPCO (OPérateur de COmpétences) to which the company belongs. The amount paid depends on several factors:
- Duration of the contract
- The rate of coverage applied by the OPCO
Benefits for students:
- Enables trainees to acquire professional experience and combine practical experience in the workplace with theory at school
- Have all or part of their training costs paid for by their company
- Guaranteed remuneration of 55% to 100% of the minimum wage
Work-study internships
What is a work-study internship?
This is an internship agreement signed by the company, the student and the training institution. The internship may be split up and alternate with a period of classroom study. It does not apply to the company’s collective bargaining agreement. Trainees enjoy student status and receive a gratuity for an internship of more than 2 months.
How long does a work-study internship last?
The maximum possible duration is 6 months full-time per academic year and for the same employer.
Who can benefit?
All students enrolled in a course that gives them student status.
How much is the gratuity?
Gratuity is compulsory for internships lasting more than two months. The minimum hourly payment is €3.90, net of social security charges and tax.
Who pays for training?
Annual tuition fees are paid by the student. However, the company may cover part or all of the costs if it so wishes.
Benefits for students
- Acquire professional experience and combine practical experience in the workplace with theory at school
- Receive a gratuity
- Develop their network and skills
PART-TIME CONTRACTS
Part-time fixed-term contract (CDD)
- What is a part-time fixed-term contract?
A fixed-term contract can be requested by either the employee or the employer, and its duration is defined in advance when the contract is signed. The principle of part-time employment corresponds to a contract in which the total number of hours worked by the employee is less than the legal duration of a full-time contract. The student signs an employment contract that entitles them to the same rights as company employees.How long is a part-time fixed-term contract?
This is a fixed-term contract agreed between the employer and the employee for between 24 and 34 hours a week. Possible weekly breakdowns: every day in half days or full days not worked.Who can benefit?
Employees aged 16 and over.How much does it pay?
The employee receives an hourly wage.Who pays for training?
Annual tuition costs are borne by the employee. However, depending on the agreements made with the company, the latter may cover part or all of the costs if it so wishes.Benefits for students
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- Acquire professional experience and combine practical experience in the workplace with theory at school
Use their salary to finance all or part of their training
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- Develop their network and skills
Part-time permanent employment contracts (CDI)
- What is a part-time permanent contract?
A permanent contract can be requested by either the employee or the employer, for an indefinite period from the date of signature of the contract. The principle of part-time employment corresponds to a contract in which the total number of hours worked by the employee is less than the legal duration of a full-time contract. The student signs an employment contract that entitles them to the same rights as company employees.How long is a part-time permanent contract?
This is an open-ended contract agreed between the employer and the employee for between 24 and 34 hours a week. Possible weekly arrangements: half days or full days not worked.Who can benefit?
Employees aged 16 and over.How much does it pay?
The employee receives an hourly wage.Who pays for training?
Annual training costs are the responsibility of the employee. However, depending on the agreements made with the company, the latter may cover part or all of the costs if it so wishes.Benefits for students- Acquire professional experience and combine practical experience in the workplace with theory at school
- Use their salary to finance all or part of their training
- Develop their network and skills
- Ensure job and salary stability after graduation
FINANCING SOLUTIONS
Student bank loans
Thanks to our partnership agreement with the Caisse d’Epargne Île-de-France, CMH students can benefit from student bank loans at preferential rates with no deposit and deferred repayment from the 3rd or 4th year after graduation. Find out more about all the offers available and request a personal meeting by clicking on this link.
Compte Personnel de Formation (CPF – Personal Training Account)
- What is a Compte Personnel de Formation?
The CPF is a system enabling all working people to access hours of training leading to qualifications throughout their working lives, and who wish to obtain qualifications, progress or retrain professionally. For a training course to be eligible for the CPF, it must be recognized by the State and registered on the RNCP (National Directory of Professional Certification).How long does the CPF scheme last?
The duration depends on the number of hours available on the Personal Training Account. The CPF is automatically topped up at the beginning of the year following the year worked (i.e. rights acquired in 2019 will be available in the 1st quarter of 2020). Rights remain acquired even in the event of a change of employer or job loss. Who can benefit?
Employees under private law employment contracts, jobseekers eligible for our training courses and the self-employed. Under certain conditions, employees with permanent contracts who have resigned can also benefit from training as part of a professional retraining project. How much does it pay?
The hours devoted to training during working hours constitute actual working time, and the employer maintains the employee’s salary. Depending on the situation, this system covers all or part of the employee’s salary. On the other hand, when the employee trains on their own time, this training time does entitle them to remuneration. Who pays for training ?
Annual tuition fees are paid by the student. Tuition costs (i.e. training fees) may be covered by the personal training account. Mobility and related costs are not covered. Benefits for students- Career-long training
- Further training even when the employee is already on the job
