Round 1: November 15th, 2016
Round 2: January 15th, 2017
Round 3: March 15th, 2017
Round 4: May 15th, 2017
All is well at ESSEC Business School, assures Anne-Claire Pache, professor and dean of academic programs at the school located just outside Paris. But some long-planned and dramatic changes are coming, nonetheless.
ESSEC, Pache asserts, continues to have among the most attractive “boutique” business programs in Europe. Its Master of Management degree is regularly ranked by the Financial Times as among the best in the world (No. 3 from 2014 to 2016), as its its Master of Finance (6th); and since its inception in 2011, ESSEC’s Global MBA has earned plaudits for its international flavor, with popular learning options in France and Singapore and an immersion project in various emerging markets, including Morocco and Mauritius. Still, ESSEC’s faculty and administrators have been troubled by “missed opportunities,” Pache tells Poets&Quants, especially in the “limited interactions” between the school’s three MBA programs: Luxury Brand Management, Hospitality Management, and Global. And so a “renewal” — read: overhaul — was in order.
Starting in the fall of 2017, ESSEC will combine its three MBA programs into one, redesigned Global MBA program that will pay particular attention to the digital changes that are transforming the business landscape.
“The idea was a sentiment of missed opportunities,” says Pache, who joined ESSEC in 2001 and became dean of programs three years ago. “We have great programs, standalone programs, but with very limited interactions, which we felt like were really missed opportunities for students while they are in the program. So we feel like students with different aspirations, with different backgrounds, and with different profiles initially, it will make a lot of sense for these students to interact more, to experience some core courses together so that they can broaden their perspective, widen their networks and learn together about the core of business and leadership.”
PREPARING STUDENTS TO BE ‘VISIONARY PIONEERS’
ESSEC’s new one-year Global MBA will be under the direction of Aarti Ramaswami, professor in the Management Department. It will be offered on both the Cergy-Pontoise campus (18 miles outside Paris) and the Singapore campus, and will contain six majors: Strategy and Management, Finance, Hospitality Management, International Luxury Brand Management, Entrepreneurship and Innovation, and Digital Business. The MBA will be characterized, Pache says, by a multidisciplinary approach, with a strong digital focus and an international element that involves cross-cultural case studies, field trips, an international consulting project, and campus exchanges. The first intake is scheduled for September of 2017.
“The new MBA will prepare our students to be visionary pioneers that are capable of taking on the challenges and technological revolutions of tomorrow,” says Jean-Michel Blanquer, dean and president of ESSEC. “The program will constantly evolve in order to teach students how to anticipate and confront the issues that companies will encounter.” To help students meet the challenges of an increasingly digital future, he says, ESSEC has structured its academic expertise, “educational savoir-faire” and its partnership with major companies into the new MBA program.
The program will have 18 fundamental, shared courses, including 10 specialization courses within each chosen major (about one-third of the overall program), a company project in relation to the chosen major that can be completed internationally; “Digital Week,” which will take place each year and requires a campus exchange; and a study field trip in relation to a chosen major area. The MBA will particularly focus on such fundamental business concepts as the importance of innovation and the acceleration of economic changes, Pache says, with academic content developed in collaboration with a network of companies and the support of alumni, and overall development backed by an international advisory board chaired by Pierre Nanterme, chairman and CEO of Accenture.
‘A FAMILY-SIZE PROGRAM’
The restructuring of ESSEC’s MBA was about a year in the making, Pache says. Alumni and corporate partners had a big hand in the redesign. Vital to the effort, she says, was a desire to keep “human experience at the heart of its structure” — meaning, foremost, that ESSEC has no plans to grow the program beyond about double its current size, or around 100 students.
“We want to keep a family-size program,” Pache says. “What this means is that we’re targeting about 100 students for the first year, and we’re not planning to grow much larger than this. The idea is that we want professors to know the students, we want students to get a chance to interact very informally with professors, we want students to know each other, so we want this to feel like a human-size experience — a boutique program, to some extent, which has really generated a lot of success for us in the past for us and we want to really capitalize for the future.”
Pache says another key dimension of the program is its emphasis on responsible leadership, which in France might be called “humanistic leadership,” including a partnership with a local military school “where the leadership component and the team component is strongly developed with the students” and the program-ending touchstone project, where students participate in consulting programs that have environmental, social, and developmental components.
Humanistic leadership “is one of the core values of ESSEC in general,” Pache says, “and so this translates into various pedagogical experiences, from the intense leadership experience that is developed very early in the program in partnership with a military school to a touchstone project at the end of the program, where students are invited to work on projects that may involve working in Africa to develop new activities, or thinking about how to frame the environmental component of the new activity in whatever sector this is.”
Cargy, France 95021
+33 1 34 43 37 14
FROM ESSEC Business School:
In this ever-changing world, where business is becoming more global, ready-made solutions no longer work. ESSEC Business School, one of the top business schools in Europe, offers a comprehensive range of programs, including general and specialized MBAs, designed to develop participants’ management skills in a critical and creative way and to prepare managers who can adapt to these changes and invent new ways of doing business.
The ESSEC community is comprised of students from over 90 nationalities, an outstanding permanent faculty that is 44% international and a vast network of 42,000 active alumni. Consistently recognized for our superior academic training, the Financial Times ranks ESSEC as:
#2 worldwide Advanced Master in Financial Techniques
#5 Top Business School for Entrepreneurship
#8 worldwide Executive Education program
#8 worldwide Master of Science in Management
The Global MBA is a highly selective program for exceptional individuals who want to fast track their career in an international environment. The 12-month, post-experience MBA provides a unique ombination of core courses and seminars, interaction with cutting-edge businesses, and experiential learning. The program’s emphasis on emerging markets extends beyond academics and includes significant experience abroad: a study term in Singapore, a field trip to an emerging market, and the intensive International Immersion Project, which gives students hands-on practice and exposure to doing business in emerging markets. This distinctive program provides participants with critical business knowledge and experiences that give them a competitive advantage.
MBA in Hospitality Management (IMHI)
With 30 years of experience in hospitality management, ESSEC offers a world renowned MBA in Hospitality Management that can be completed in one or two years. Taught by the industry’s most cutting-edge professionals and professors, the program prepares future managers for high-level, operational responsibilities in all tourism and hospitality sectors. The program’s key strengths include:
• A multicultural student body (over 25 nationalities)
• Partnerships with leading industry companies
• A strong alumni network worldwide
MBA in International Luxury Brand Management
The MBA in International Luxury Brand Management is the world’s leading program training luxury industry managers. With courses offered in and near Paris, the capital of luxury, participants acquire true expertise in the sector as well as contact with leading luxury brands and institutions with which the program has established strong partnerships. Additionally the LVMH Chair, an academic and research track in luxury brand management, offers participants coursework combining high-level theoretical knowledge with practical information on the luxury field’s special characteristics.
ESSEC & Mannheim Executive MBA
The Executive MBA program is a joint collaboration between ESSEC Business School and Mannheim Business School. The flexible program offers world-class teaching, international exposure and a holistic, teamwork-focused approach to executive education for high-level executives wishing to advance in their careers. The program, offered in a weekend or modular format, provides senior executives with globally applicable business know-how that helps them successfully meet today’s business challenges. The program also has two residencies, one in Asia and one in the U.S.
Student focus: Johan Glasser, France, Global MBA
Johan’s professional background took him from his engineering studies at France’s renowned Ecole des Mines and the Ecole Nationale des Ponts et Chausées to Africa. He spent seven years in Gabon working in water treatment, traveling to other French-speaking West African countries and gaining invaluable experience in these emerging markets. He chose the Global MBA in order to supplement his engineering expertise with the business fundamentals he needed to boost his career to the next level. ESSEC was an obvious choice for Johan, as the Global MBA’s curriculum and structure is focused on emerging markets and the new frontiers of business. Johan’s International Immersion Project took him back to Africa, this time to Egypt, where he worked with a team on a microcredit bureau consulting project with the nonprofit PlaNet Finance. Post-MBA, he plans to move into a consulting role in the field of water and energy, tying together his rich educational and professional experience to build a new international career. Johan says, “The international immersion experiences we acquired through the Global MBA have been a chance to turn our knowledge into practice, moving from the classroom to the real world and bringing the strength and competencies of our multicultural team to the field.”
Recruitment Manager, Global MBA
ESSEC Business School
1 Avenue Bernard Hirsch
Tel: +33 1 34 43 37 14
Fax: +33 1 34 43 36 35