6. HEC Paris
HEC Paris1, rue de la Libération
78351 Jouy en Josas cedex, France,
September 2013 Start:
January 2013 Start:
May 2 (Monthly deadlines through Nov.)
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 applicants, 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 8% 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 insure 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 to 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. Another way to look at this is that there is much upside for HEC if it can smartly execute on the Bain plan.
Lastest Up-to-Date Rankings:
Poets&Quants (2012): 6 (non-U.S.)
BusinessWeek (2012): 15 (international)
Forbes (2011): 8 (international)
Financial Times (2012): 18 (global), 8 (non-U.S.)
The Economist (2012): 14 (global), 4 (non-U.S.)
One of a handful of the best business schools in Europe, HEC Paris ranked sixth in Poets&Quants’ 2012 ranking of the best full-time MBA programs outside the U.S. The school gained two places this year from a rank of eighth in 2011. HEC has done exceptionally well in both The Economist and The Financial Times rankings. The Economist rates HEC as the fourth best outside the U.S., while the FT places the school eighth best.
It’s worth noting that the school’s lowest ranking comes from BusinessWeek, which largely ranks MBA programs on the basis of graduate satisfaction with a program and corporate recruiter opinion. BW ranked the school 15th on its international list in 2012, one down from 14th in 2010. ”HEC Paris is an extremely unique and diverse MBA program,” noted one recent 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: $65,234
Average GMAT: 689
GMAT Range (mid-80%): 640-740
Average GPA: NA
GPA Range: (mid-80%): NA
Acceptance Rate: 15%
Full-Time MBA Enrollment: 361
Mean Age: 30
Average Base Salary: $109,880
Average Signing Bonus: $17,641
Percentage of MBAs with Job Offers at Graduation: 67% in 2011
Percentage of MBAs with Job Offers Three Months Later: 90% in 2011
Where the Class of 2011 Went to Work:
Consumer Products: 11%
Financial Services: 23%
Pharmaceutical/Biotechnology/Health Care: 5%
Real Estate: 1%
Top Employers of the Class of 2011:
Schneider Electric 10
BNP Paribas 4
General Electric 4
Booz Allen 3
AT Kearney 3
Credit Suisse 2
Procter & Gamble 2
DBS Bank 2
Cummins Power Generation 2
FROM HEC PARIS:
The HEC MBA program offers participants the unique and valuable experience of being immersed in a student body of highly diverse academic and professional backgrounds. Teamed with exceptionally talented peers from over 40 countries, participants push each other to achieve, to realize their full potential and ultimately to develop and sharpen their leadership skills.
In addition to the full-time 16 month MBA, the part-time MBA (one week per month over 24 months) offers participants a unique opportunity to enhance their knowledge base, maximize their leadership potential, and expand their corporate network, while maintaining a balance between their personal and professional lives.
The program is divided into two phases. During the fundamental phase participants develop comprehensive management knowledge and techniques in 11 core subjects including economics, finance, marketing, organizational behavior and ethics.
In the customized phase, full-time participants concentrate on one of five subject areas (Entrepreneurship, Finance, Leadership in Global Organizations, Marketing, Strategy) or carry out an international exchange (eg. Wharton, Yale, Chicago Booth, LBS, FGV, CUHK, …). They also select from a range of electives, or gain corporate exposure through an individual or group fieldwork project. Additionally we have 12 double degree programs available with partner schools around the world (eg. MIT, NYU, Keio, LSE…)
Part-time participants choose from a range of electives, and carry out a consulting project to put their technical training into practice, making a meaningful impact on real organizations. International exchanges are also available to Part Time students. In place of electives, participants can opt to carry out a Major with HEC Paris Executive Education, in a range of subjects such as Luxury, and Aerospace and Aviation.
Leadership is a transformative process enhanced through hands-on, practical experience and experiential learning initiatives: integrated into our curriculum are seminars and student-run events. For example, the MBA sports Tournament is a participant-run event in which HEC MBA participants not only organize but compete as they welcome around 1500 MBAs from some of the best business schools in Europe. Another example is the Off-Campus Leadership Seminar, which exercises participant’s leadership skills during a stay at St Cyr military training camp as they learn to manage their teams.
The HEC MBA Career Management Center offers training in adapting job search skills to differing geographies. Participants receive customized job-search advice from consultants, coaches, peers and from our alumni network of 45,000. We provide individual coaching and counseling to help smooth navigation through the program and, ultimately, pave the way to a fulfilling professional life. The careers approach is customized to the individual, whether the aim is to advance in their current career path or to make a radical career change.
CAREER STATS – Class of 2011
Placement overview 3 months after graduation:
- Employed: 80% (of which 3% returned to pre-MBA employer, self-employed: 7%)
- Still job seeking: 10%
Job sector breakdown:
- Industry: 48%
- Finance: 24%
- Consulting: 16%
- Services: 12%
Job location by region
- France: 44%
- Western Europe: 24%
- Asia: 10%
- North America: 8%
- Latin America & the Caribbean: 5%
- Middle East: 5%
- Central Asia: 3%
- Africa: 1%
- Working outside their home country: 65%
- Non-Europeans working in Europe (including France): 55%
- Non-French working in France: 55%
- Non-Europeans working in France: 35%
Expect to learn how to be a successful leader, and you will. Building on your educational and professional background, the HEC MBA will allow you to perfect your leadership skills, while 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 increasingly unpredictable world of international business.
Your application should reflect a desire and ability to succeed in such an environment. Of the components required, 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
Successful MBA participants are team players, ambitious, and capable of expressing clear career goals. They come to HEC not only to learn, but also to teach and to share their knowledge with others. They recognize that they will have an important role to play as future HEC alumni.
CLASS OF 2013
217 participants, 50 different nationalities, 85% international
Age range: 25-35
Average age: 30
- Engineering: 34%
- Business & Commerce: 10%
- Economics: 10%
- Other Science: 9%
- Computer Science: 8%
- Management: 8%
- Other Business: 5%
- Modern Languages: 4%
- Other: 12%
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 €
Maxime Videmann, Class of 2013…
When my consulting company proposed to finance my MBA, I thought that it would be an experience that would satisfy my interest in many sectors. But my first months at HEC have showed me that my expectations were actually too low. An MBA is a life changing experience, giving you the opportunity to change your outlook on the world and your career. During my MBA at HEC, I have already interacted with internationally recognized and passionate teachers, enthusiastic and enriching participants, and alumni who contribute in broadening and strengthening my business knowledge and confidence.
The HEC MBA is giving me the chance to progress by learning from the diversity of its unique multicultural environment. The study group experience is developing my teamwork and leadership skills, and the interaction with the best worldwide participants will definitely strengthen my ability to communicate, share ideas and adapt.
I chose the HEC MBA because it emphasizes personal engagement from participants. Our opinion and actions are valued by the school. This importance given to each individual – allowed by the size of the intake – enables each of us to be active members of the program and eases the creation of genuine and sustainable friendship among my peers. My involvement in MBA clubs allows me to enlarge my professional network. After only a few months, I am already convinced that the learning experience at HEC Paris will be the best path to reach both personal and professional goals.
FIND OUT MORE