6. HEC Paris
HEC Paris1, rue de la Libération
78351 Jouy en Josas cedex, France,
HEC’s admissions work on a rolling basis throughout the year. If you are applying for entry as part of the September 2014 intake, the deadlines for application occur at the 1st of every month until July 2014. For those wishing to apply for the January 2015 intake, the deadlines are the same as those for the September intake until July; from then on, the deadline is the 15th of the month until November 15, 2015.
Paris naturally conjures up visions of sidewalk cafes, strolls along the Seine, and the vast beauty of a city seen from the top of the Eiffel Tower. And if you’re an MBA applicant, you can add to the list HEC Paris, one of Europe’s finest business schools. If you want a global MBA or hope to some day work in France, the school needs to be at the top of your list. HEC alums are well placed at the very top of many of France’s most important companies and in the government, and it’s an ideal choice for MBAs who dream of working in luxury marketing. In fact, a dozen of the 40 largest publicly-traded companies in France have an alumnus of HEC Paris as CEO or managing director. Among CEOs of Fortune Global 500 companies, HEC ranks fourth in the world and first in Europe. That is a powerful alumni network, especially if you are French or pursue a career in France.
Despite the school’s entrenched position in its home country, HEC attracts an incredibly diverse mix of students, with only 15% of the MBAs in the latest class from France and 10% from North America. And unlike many European MBA experiences that last only a year, this is a 16-month program that offers students an international exchange (there are 40 options) or a specialization and either a field project or electives. The program is highly selective with an acceptance rate of just 15%. Classes are taught in English, though students also can choose electives in French during the program’s customized phase. MBA students who do not speak French will study the language, and those already bilingual are required to study a third language.
HEC allows students to “personalize” their MBA during the second half of the program by taking a track of courses among some 60 electives in finance, marketing, entrepreneurship, or strategy. Another very good sign for HEC Paris is that the current administration has bold ambitions for the school. It recently concluded a major consulting engagement with Bain & Co. with the ultimate goal of sharpening the school’s positioning and strengthening its MBA program. The objective: to ensure that HEC becomes one of the top three business schools in Europe and one of the top ten worldwide. Among a broad range of conclusions, Bain suggested that HEC be positioned as an elite, personalized MBA program in Europe that offers students more access to faculty, tutoring, and mentoring—all at a great value for the money in what is being billed as the Silicon Valley of France. HEC wants to be known among employers as a supplier of MBAs who graduate with rigorous training in the core fundamentals of business, ready to roll up their sleeves and go to work. Bain also believes the school should admit more consultants and bankers to its MBA program to better satisfy market demand.
Going to HEC Paris does involve tradeoffs, however, particularly when compared with some of the better U.S. programs. In common with many non-U.S. schools, the quality of teaching across the program is inconsistent and the career services office has been criticized by some students as less than ideal for non-French speakers. In sum, HEC Paris has reams of potential, particularly if it can smartly execute the Bain plan.
Lastest Up-to-Date Rankings:
Poets&Quants (2013): 8 (non-U.S.)
BusinessWeek (2012): 14 (international)
Forbes (2013): 20 (international)
Financial Times (2014): 21 (global), 9 (non-U.S.)
The Economist (2013): 8 (global), 2 (non-U.S.)
One of a handful of top business schools in Europe, HEC Paris ranked eight in Poets&Quants’ 2013 survey of the best full-time MBA programs outside the U.S. The school slipped two places this year from a rank of sixth in 2012. HEC has done exceptionally well in both The Economist and The Financial Times rankings. The Economist bumped the school up two spots this year–HEC is now ranked second among non-U.S. program, while the Financial Times placed the school at No. 9.
It’s worth noting that the school’s lowest ranking comes from Forbes, which largely ranks MBA programs on the basis of their return on investment. Forbes ranked the school 20th on its international list in 2013. But a slip in Forbes’ ranking certainly hasn’t tarnished the B-school’s appeal for MBAs seeking an international, hands-on experience. “HEC Paris is an extremely unique and diverse MBA program,” noted one HEC MBA. “The personalized phase of the MBA afforded me the opportunity to apply some of the theories we acquired in the classroom in a real-world environment by allowing me to work for four months in a management level position at a firm of my choice.”
Total Tuition & Fees: $65,635
Class of 2015:
Average GMAT: 685
GMAT Range (mid-80%): 640-740
Average GPA: NA
GPA Range: NA
Acceptance Rate: 15%
Full-time MBA Enrollment: 200
International: 85% Female: 35%
Mean Age: 30
Class of 2013:
Average Base Salary: $111,990
Average Signing Bonus: $17,277
Percentage of MBAs with Job Offers at Graduation: NA Percentage of MBAs with Job Offers Three Months Later: 89%
Where the Class of 2013 Went to Work:
Consumer Products: 5%
Financial Services: 19%
Pharmaceutical/Biotechnology/Health Care: 4%
Real Estate: 2%
Top Employers of the Class of 2013:
Mckinsey & Company
Ernst & Young
From HEC Paris:
Europe’s Premier Business School
With more Alumni in CEO positions than any other continental Business School, HEC Paris is the Alma Mater of CEOs in Europe: many multinational companies such as L’Oréal, Kering and BestBuy are led by HEC Paris MBA Alumni, and 11 of the CAC40 (the 40 highest market caps on the Paris stock exchange) have an HEC alumnus at their head.
As well as gaining access to our Alumni network of 47,000 worldwide, our students benefit from HEC Paris’ proximity to La Défense, the epicenter of European Business with the highest concentration of MNC headquarters on the continent. Our MBA students are at the forefront of Business innovation, acting as ‘connectors’ for international businesses and implementing their global strategy locally around the globe.
Throughout their MBA program, our students constantly come into contact with different backgrounds and nationalities: our 200-strong student body is made up of 85% international students, whilst the course itself also offers opportunities for international exposure. Our thorough and selective Admissions process ensures that we attract only the highest potential candidates, whilst also making sure that our student body is as diverse as it is talented.
Our new curriculum, redesigned in partnership with Bain and Company, has two phases: the Fundamental and the Customized Phase. During the Fundamental Phase, students are taught key business concepts as our top-quality teaching ensures that our students attain a solid knowledge. During the Customized Phase, students are able to benefit from the flexible nature of the program and tailor their MBA to meet their individual professional goals, choosing from a range of Fieldwork Projects, electives and specializations. They also have the opportunity to partake in an International Exchange or Double Degree – we have over 40 alliances with leading institutions around the world, including MIT, London School of Economics and NUS.
At HEC Paris MBA, the focus is on experiential learning. Students are given many opportunities to practice their leadership skills outside of the classroom with events such as the student-organized MBA Tournament and the Off-Campus Leadership Seminar at the elite St Cyr military academy. Our students graduate with an adaptable skillset which can be molded to fit any position in any company anywhere in the world, as our Careers Management Center works to prepare students for their lifelong career and not just their first job after graduation.
As one of the founding members and the only Business School of the Paris-Saclay Innovation Cluster – ranked as one of the most influential Innovation Clusters in the world by MIT Technology Review – HEC Paris has an important role to play in Business Innovation. Paris-Saclay brings HEC Paris together with top French research companies and businesses, allowing our students to draw upon their expertise. Our newly redesigned Entrepreneurship and Innovation specialization within the MBA program works to give our students the knowledge and experience needed to launch their own successful start-ups; a process aided by our new eLab which unites cutting-edge technology with world-leading expertise in a space where budding entrepreneurs meet to share ideas.
Our ability to create Business leaders has been proven: 89% of our 2013 graduating class found work within 3 months of graduation, with Amazon, McKinsey and Unilever amongst our top MBA
CAREER STATS – Class of 2013
Placement overview 3 months after graduation:
- Employed: 89%
- Still job seeking: 11%
Job sector breakdown:
- Industry: 48%
- Finance: 19%
- Consulting: 18%
- Services: 15%
Job location by region
- Western Europe: 48%
- Asia: 22%
- North America: 10%
- Latin America & the Caribbean: 7%
- Middle East: 3%
- Central Asia: 7%
- Working outside their home country: 46%
- Non-Europeans working in Europe (including France): 45%
- Non-French working in France: 53%
- Non-Europeans working in France: 48%
Building on your educational and professional background, an MBA at HEC Paris will allow you to perfect your leadership skills whilst broadening your understanding of the business world. The program is structured to provide an ideal balance between academic and practical learning experiences. The skills you gain at HEC will enable you to easily and rapidly adapt to the ever-changing and unpredictable world of international business.
Your application should reflect a desire and ability to succeed in a challenging and diverse environment. As well as the necessary application components, we value an overall balance of the following:
• Academic accomplishment
• Professional experience and career progression
• Leadership potential
• International exposure
• MBA motivation and career objectives
• Interpersonal skills and personality
CLASS OF 2015
200 participants, 50 different nationalities, 85% international
Age range: 24-39
Average age: 30
- Engineering: 32%
- Business & Commerce: 14%
- Economics: 6%
- Other Science:6%
- Computer Science: 6%
- Management: 11%
- Other Business: 1%
- Modern Languages: 2%
- Other: 22%
Length of work experience: average 6 years, minimum 3 years
- Full time: 2 intakes (September & January)
- Part time: January
Application fees: 130 €
Tuition fees: 48,000 €
Emilie Flanagan – French American
I am about to graduate from HEC Paris MBA and I can safely say that I have not been disappointed. From the first week I have been immersed in a student-body that feels more like a huge family than a class. My classmates are so diversified, both in terms of nationality and background; I’ve learnt to work with people from all walks of life and best of all I have made 200+ new friends.
Prior to my MBA and following my undergraduate business degree at McGill University in Montreal, I worked in Monaco at a global investment management company in the luxury goods and service sector. A large part of my life is also devoted to my passion; rugby. I’ve played for Nice and currently play for a 1st division team in Paris in the Top 10 League.
The HEC MBA professors have really impressed me, their educational background is exceptional and their ability to translate their professional experiences to the classroom is remarkable.
At HEC Paris we host the annual MBA Tournament; as Co President of the organizing team I have faced some challenges. The event takes serious preparation and my leadership techniques have been tested – a milestone in my MBA experience so far; skills I’ve acquired in this process will stay with me forever.
I chose HEC Paris because of the diversity, excellent teaching quality and leadership opportunities available to me, not to mention its global reputation, and I am sure these things will stand me in good stead going forwards. With the transferable knowledge and personal development given to me throughout my MBA program, I now – more than ever – have the skills needed to fulfill my potential.
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