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ESSEC Business School

ESSEC Business School
École Supérieure des Sciences Économiques et Commerciales
Logo essec.svg
Motto L'esprit pionnier (French)
Motto in English
The Pioneering Spirit
Type Business school
Established 1907
Academic affiliation
AACSB, EQUIS, AMBA, University of Paris-Seine
President Vincenzo Esposito Vinzi
Academic staff
162
Students 5,200
Location France (Cergy and La Défense), Singapore, Morocco (Rabat)
Campus Urban
Language English, French
Athletics 12 Varsity teams
Website www.essec.edu

ESSEC Business School is an international higher education institution located in France (Cergy-Pontoise and La Défense in the Paris area), Singapore and Morocco. Founded in 1907 and recognized as one of the leading business schools in the world, ESSEC Business School is one of the 76 schools in the world to have obtained the triple accreditation of AACSBEQUIS and AMBA. ESSEC is one of the most selective French "Grandes écoles" and referred in France as one of the "trois Parisiennes"  (three Parisians), together with HEC Paris and ESCP Europe[1].

ESSEC's flagship program, the Master of Science in Management (Grande Ecole), was ranked 3rd worldwide by the Financial Times in 2016 for the 3rd year in a row and the Global MBA program is ranked by QS in 2016 as the 7th best in Europe in terms of employability. ESSEC's Master in Finance is also ranked 3rd worldwide by the Financial Times in 2017. In 2015, among more than 20 000 students enrolled in classe préparatoire (business section), 5,614 applied to ESSEC concours, only 380 were eventually admitted, meaning an acceptance rate of 6,77%.

The school is currently headed by Prof Vincenzo Esposito Vinzi after the nomination of Jean-Michel Blanquer as the French Ministry of Education by the Philippe Government.

History

The École supérieure des sciences économiques et commerciales (ESSEC) was founded in 1907 under the name of Institut économique by Ferdinand Le Pelletier in Paris and it was based in the Latin Quarter in Paris. The purpose of the institution was to spread moral values in the business world and to train a new generation of business leaders. It takes its current name in 1912.

ESSEC was the first French business school to create a student forum in 1961, Les Mardis de l'ESSEC, and a Junior Enterprise in 1967: Junior ESSEC Conseil. In the 1960s, it was also the first to diversify its recruitment with the admission on title (AST) of students not passing through the preparatory classes (in 1966) and to open school access to women (in 1969). In 1973, ESSEC built and moved to large-scale campus in Cergy-Pontoise. In 1986, it was also the first French business school to partner with large companies to create corporate chairs. In 1994 it established the first business apprenticeship in higher education. In 1997, it was the first school outside North America to be accredited by AACSB (the leading accreditation body for business schools). In 2000, ESSEC is the first French business school to host a business incubator, called ESSEC Ventures.

In March 2006, ESSEC Business School inaugurated a campus in Singapore within the National Library, the ESSEC Asian Center.

In June 2013, Jean-Michel Blanquer, former Director General of School Education, became the General Manager of the ESSEC group.

In 2014, ESSEC launched its first MOOCs, dedicated to decision making in a complex environment with Edgar Morin and to social entrepreneurship.

In May 2015, ESSEC inaugurated its new Asia-Pacific campus in Singapore, on the site of Nepal Hill. Established over five levels, it can triple training capacity in terms of the number of students and participants in continuing education. The school announced in November the construction of an Africa-Atlantic campus in Morocco near Rabat to reinforce its internationalisation strategy.

Ranking

Global BBA (Bachelor of Business Administration)

2013 2014 2015 2016 2017
Le Point - Classement des Bachelors (France) 1st 1st 1st 1st 1st
L'Etudiant - Classement des Bachelors (France) 1st 1st 1st 1st 1st
Le Parisien - Classement des Bachelors (France) 1st 1st 1st 1st 1st
Challenges - Classement des Bachelors (France) - 1st - 1st -

The Challenges ranking is published every two years.

MSc in Management ("Grande École")

2013 2014 2015 2016 2017
FT - Master in Management (Worldwide) 8th 3rd 3rd 3rd 5th
FT - Master in Management (Europe) 8th 3rd 3rd 3rd 5th
FT - Master in Management (Asia) 1st 1st 1st 1st 1st
The Economist - Master in Management (Worldwide) - - - - 4th
The Economist - Master in Management (Europe) - - - - 3rd
The Economist - Master in Management (Asia) - - - - 1st

Master in Finance

2013 2014 2015 2016 2017
FT - Master in Finance (Worldwide) 2nd 4th 6th 7th 3rd
FT - Master in Finance (Europe) 2nd 4th 5th 6th 3rd
FT - Master in Finance (Asia) 1st 1st 1st 1st 1st

Executive Education

2013 2014 2015 2016 2017
FT - Executive Education Open (Worldwide) 19th 12th 15th 18th 24th
FT - Executive Education Customised (Worldwide) 32nd 25th 25th 15th 17th
The Economist - Executive MBA (Europe) 8th - 8th -

Programs

Master of Science in Management

First ESSEC Graduates, class of 1909.

ESSEC's postgraduate programme is its Master of Science in Management, designed for students with no professional experience (instead of managers with 3–5 years of experience like US MBA programs).[2] It is the flagship program of the school, and is ranked 3rd Master of Science in Management in the world by the Financial Times in 2016.[3]

Admission process

The ESSEC MSc in Management is designed for candidates who have completed French preparatory classes after high school diploma and passed a very competitive entrance examination known as the concours, or have a university degree (Bachelor or Master). Application is also open to non-French students: students with a university degree of 3 years or more received outside of France can also apply.[4]

Students from classe préparatoire will basically spend 2 to 3 years after Baccalauréat only to prepare for the national entrance examination of Grandes Ecoles which includes a written part (lasting 3 weeks) as well as an oral part (1 to 4 days for each Grande Ecole).[5] It is commonly considered as the most prestigious path after High School in France (only 5% of a generation will be admitted to a prépa) with Law and Medecine, and consists in intensive courses in Mathematics, History and Geography, Economy, Literature, Philosophy, and 2 foreign languages.

In 2015, among more than 20 000 students enrolled in classe préparatoire (business section),[6] 5 614 applied to ESSEC concours (considered as one of the most difficult), only 890 were invited to oral examination and 380 were eventually admitted.[7] This means an acceptance rate of 6,77%.

own curriculum - ESSEC was the first French institution to offer an à la carte program - whether following courses at ESSEC or at a partner institution, going abroad or focusing on an associative project... etc., the teaching method being to help students understand and decide themselves what kind of career they truly want to pursue.

For example, students can choose to spend a semester abroad in one of ESSEC partner institutions : Berkeley University, University of Chicago, Dartmouth College, Cornell University, Peking University, Tsinghua University, Seoul National University, Keio University, National University of Singapore, IIM Ahmedabad, IE Business School, University of Mannheim, among many others.[8] They can also do a dual degree program with more than 15 institutions in France and abroad, which will enable them to get both diploma.[9]

Another example and specificity of ESSEC is that it offers its students the opportunity to do an apprenticeship within a company, which will cover 100% of the tuition fees.[10] Around 30% of students will choose to do a 2-year apprenticeship within a company (2 x 6 months spent in the company and the other half at school, 4 x 3 months or on a weekly basis, depending on how they decided to structure their curriculum).

After ESSEC

In 2015, 70% of ESSEC MSc in Management graduates found a job before graduation[11] and 95% within three months after graduation, with an average annual salary equal to $81,712.[3] It has been ranked joint first in 2015 for salary among French business schools by Le Point.[12] According to a survey published by Emolument in 2014, ESSEC graduates working as finance analyst in London earn on average more than graduates from Oxford University or Cambridge University (respectively €89,000 against €86,000 and €84,000).[13]

ESSEC graduates were hired in the following companies, among others: Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, McKinsey & Company, The Boston Consulting Group, Bain & Company, L'Oréal, Procter & Gamble, Amazon.com, Google, etc.[11]

In Choiseul's 2015 French top 100 executives under 40 ranking, 16 graduated from ESSEC,[14] the highest number among all French Business schools.

ESSEC Global BBA (Bachelor of Business Administration)

The undergraduate program was initially created in 1975 by ESSEC Group to prepare students to meet the needs of French firms launching operations on the international market. It was formerly known as EPSCI, "École des Practiciens du Commerce International", and is now referred to as "ESSEC Global BBA".

The Global BBA is designed for high-achieving candidates graduating from high school (in France "Baccalauréat"), and lasts for four years. The ESSEC BBA is ranked #1 post-secondary program in France, e.g. #1 in 2015 ranking of French news magazine Le Point for the 7th consecutive year,[15][16] and was the first to obtain AACSB and Equis accreditations.

With a network of top-tier international partners, the ESSEC Global BBA offers its students wide international opportunities.[17] At the end of the program, each student will have completed a minimum of 12 months of coursework abroad (each student will do 2 exchange programs abroad), a one-month humanitarian project and between 11 and 18 months of professional experience, which may also take place abroad.

ESSEC M.S. Advanced Masters

The Advanced master's degrees are accredited by the "Conférence des Grandes Ecoles" in France. These programs are short, intensive, professional, and specialized to allow students finishing their studies or young professionals to complete their initial training (usually scientific or engineering) by acquiring complementary expertise fully recognized in the market. To follow these programs, students must speak French fluently. Some of them are now entirely taught in English. One of ESSEC's advanced master's, the M.S. in Strategy and Management of International Business was ranked 5th in the Financial Times 2009 Masters in Management ranking in addition to being ranked 1st for seven consecutive years in France.

List of ESSEC M.S. Advanced Masters Programs:

Admission to ESSEC Advanced Masters programs

Students applying for the "ESSEC M.S. Advanced Masters" Programs can choose to take either Graduate Management Admissions Test (GMAT) or the French equivalent Tage Mage in addition to specific language examinations such as TOEFL or IELTS for English and TEF for French.

ESSEC Global MBA

The Global MBA at ESSEC Business School is a 12-month, full-time MBA program with an emphasis on emerging markets and experiential learning preparing post-experience students for an international career. It offers six Majors allowing students to specialize in the following area: Luxury Brand Management, Hospitality Management, Strategy and Management, Digital Business, Finance and Entrepreneurship and Innovation.[18]

PhD in Business Administration

The PhD trains future professors, researchers and consultants at the highest international level. The goal is to prepare students not only to master methodologies, but also to advance knowledge and play an active role in the international academic community. Before starting their dissertation work, students must follow a two-year program of courses and seminars that ends with Preliminary Examinations and a Dissertation Proposal. The curriculum starts with an intensive period of interdisciplinary training common to all students. This is followed by rigorous research training for the chosen field of specialization.

ESSEC Executive Education

More than 5000 managers participate in ESSEC Exec Ed programs every year, primarily at La Défense campus, located in the heart of Paris’ financial district, but also at ESSEC’s Singapore campus and at ESSEC’s partner institutions – located on all continents - throughout the world.

ESSEC & Mannheim Executive MBA

ESSEC and Mannheim Business School launched their common Executive MBA Program in 2004. Building on the excellent reputation as one of the first established Executive MBAs in Europe by ESSEC since 1994 several modules are proposed in Mannheim, Paris, Singapore and various other locations worldwide in renowned partner business schools.

EQUIS[19] and AACSB[20] accredited program.

Graduates have access to the alumni organisation of both schools.

ESSEC Executive MBA Asia-Pacific

Launched in Singapore in October 2014, the ESSEC Executive MBA Asia-Pacific is a modular programme designed to address the ever-changing demands on senior management operating in the Asia-Pacific region. With residencies in China and USA, the programme aims to provide participants exposure to an excellent global network of contacts and new insights from a strong faculty team to support them in developing their vision and strategy for Asia. "

Executive Master in Strategy & Management of International Business

Professionals working or wishing to work internationally in the following fields: commercial (business engineer, import/export manager, etc.), financial (financial engineer, business analyst, etc.), marketing (international product manager, marketing manager, research manager, etc.), consulting (risk-management consulting, international development consulting, etc.), management (office manager, foreign subsidiary manager, project manager, etc.).[21]

Campuses

ESSEC campus in Cergy, France

In 2006, ESSEC set up a campus in Singapore located on the 9th and 13th floors of the National Library. In 2014, ESSEC built a new campus in Singapore located in One North, a strategic area regrouping universities (such as the National University of Singapore), incubators (such as Block 71) and high-tech companies. The construction phase began in February 2013 and ended in December 2014. This new campus enables the school to triple the student body and staff in Asia.

In May 2015, ESSEC inaugurated its new Asia-Pacific campus in Singapore, on the site of Nepal Hill. Established over five levels, it can triple training capacity in terms of the number of students and participants in continuing education.

The school announced in November the construction of an Africa-Atlantic campus in Morocco near Rabat to reinforce its internationalisation strategy that was later inaugurated in September 2017.

International Orientation

International partnerships

ESSEC partner University of Chicago's Harper Library

ESSEC has developed partnerships with top universities all over the world for exchange and double degree programs, including Berkeley University, University of Chicago, Dartmouth College, Brandeis University, Cornell University, Peking University, Tsinghua University, Seoul National University, Keio University, National University of Singapore, IIM Ahmedabad, IE Business School, University of Mannheim, King's College London, Fundação Getúlio Vargas' EAESP, among many others.

Together with Tuck School of Business at Dartmouth, Keio Business School in Tokyo, the School of Management of Fudan University in Shanghai, the Fundação Getúlio Varga in Brazil and the Business School of the University of Mannheim in Germany, ESSEC forged an alliance of leading business schools from all parts of the world in 2010 called "Council on Business and Society". The Council on Business & Society convenes a biennial forum that combines the expertise of faculty members from each of the partner schools with that of representatives of business, government, and non-governmental organizations from around the world. The inaugural forum, held in Paris in November 2012, focused on Corporate Governance and Leadership. The 2014 forum was hosted by Keio Business School in Tokyo and focused on Health Care Delivery. The next edition will be hosted by Dartmouth in Boston and will focus on energy and environment.

International Aspects of the ESSEC Community

30% of ESSEC professors come from outside France. The ESSEC community of 5,200 students includes about 1,200 foreign students, representing over 70 nationalities.

Several student clubs unite people from same countries to promote their culture at ESSEC. Such clubs include "ESSEC India", "ESSEC Liban" (Lebanon), "ESSEC Chine" (China), and many more.

Clubs such as "Melt" or "World Wide Welcome" promote interaction between people from different countries, by organizing welcome parties for incoming international students, and various social events along that line.

ESSEC positioning in Asia

Asia sub-rankings 2013 2014 2015 2016 2017
FT - Master in Management 1st 1st 1st 1st 1st
FT - Master in Finance 1st 1st 1st 1st 1st
The Economist - Master in Management 1st

International Accreditations

In 1997, ESSEC became the first business school outside of North America to be accredited by the AACSB (Association to Advance Collegiate Schools of Business).

In 2003, ESSEC also received accreditation for all its programs from EQUIS (European Quality Improvement System).

In 2017, ESSEC Business School earned its AMBA (Association of MBAs) accreditation and joined a group of the world’s leading, international business schools to hold the “triple crown.”

Student societies

French President Francois Hollande at Les Mardis de l'ESSEC in 2011
Trip to the Loire valley and visit of Chambord Chateau with international Master students, organized by Melt and Polo Marco

There are more than 100 student clubs at ESSEC—sports-related, entrepreneurial, humanitarian, and cultural. They include:

  • Junior ESSEC Conseil: France's leading student consulting association. It provides companies with market studies, internal auditing, communication strategies evaluations, and more. Its revenue stands at €1,5 million/year, through about 250 missions per year;
  • Les Mardis de l'ESSEC: The first and foremost student forum in France. Since 1961, the society organizes discussions with leading public figures from the political, cultural, economical and civil spheres. Participants have included current (and former) heads-of-state and ministers, as well as foremost intellectual leaders, and major businessmen and women;
  • Melt: Melt is a student association that aims to bring together international students (more than 900) and ESSEC students in order to encourage and develop intercultural relations on campus. It organizes various activities for international students throughout the year;
  • International student societies such as ESSEC China, ESSEC India, ESSEC Morocco, ESSEC Africa, ESSEC Korea, ESSEC Lebanon, ESSEC Japan, etc.
  • Polo Marco: Polo Marco organizes each year several trips for students in European metropoles (such as Amsterdam, London, Barcelona...) at a very competitive price
  • ESSEC Transaction : the finance club of ESSEC Business School. The organisation promotes finance related activities and careers throughout the students community (corporate conferences, day of careers in finance, trading game and formations to Bloomberg and Reuters...). It also has an investment club, which aims at managing an equity portfolio.
  • UN'ESSEC is the association devoted to geopolitics, diplomacy and negotiation on the campus. Each year, its members fly to London and New-York to take part in Model United Nation (NMUNs), organize conferences on the campus, publish articles related to international affaires in newspapers and implement ESSEC's MUN (the "SimuNation").
  • Extrem' ESSEC: Founded in 1995 by four thrill-seeking students, Extrem' ESSEC is the extreme sports association of ESSEC Business School. It organizes numerous activities on and off campus including surf, wakeboard, kiteboard, hiking the Mont Blanc and more.
  • BDS (Bureau des Sports): sport association at ESSEC, offering more than 15 different sport courses and organizing each year the T5B tournament (literally Tournoi des 5 Ballons), largest student sport tournament in Europe gathering more than 800 people from all over the world
  • Foyer des élèves (Foy's): Founded in 1973, the Foy's is a student-run pub located at the Cergy-Pontoise campus. It serves ESSEC students from noon to midnight, offering fresh sandwiches from Rani for lunch and a wide variety of drinks all day long. In addition to every day operations, the "Foy's" also organizes many themed parties, such as the "Bojo", the "Bonheur des Flûtes", etc.
  • RACE: Founded in 1991, RACE (Racing Automobile Club Essec) organizes, among other major events, the biggest student go-karts trophy in Europe, the "24 heures Karting Essec".
  • Reve FM: The school's student-run radio that produces various podcasts (talk-show, music, soccer, political, cinema, etc.) and records each year a 24-hour-long crazy broadcast;
  • AVE: AVE is the video ESSEC association. Their main purpose is to film life on campus, to edit 50 minute long video news report with the main events of the last 3 months and to broadcast it in front of all the students. Those compromising videos are often dreaded by most student.
  • Shamrock : The school's musical association that organizes concerts, and each year a musical festival in Paris ;
  • PAO Bang : A professional student-run graphic design agency that creates logos, posters and webdesign for other clubs and external businesses;
  • ESSEClive: ESSEC's community website, the first student website in France (by number of visits);
  • Essec & Bab: Founded in 2009, Essec & Bab aims at bringing Cergy closer to the students by offering a yearly city-guide and proposing different on-campus events related to the city.
  • EDI (ESSEC Développement International): Founded in 1996, this humanitarian association carries out various development projects in Latin America: microcredit, scholarships, renovation of ancient paths,...
  • Elyxir : The oenology student club at Essec. Elyxir organizes wine tasting sessions and Week-end in Wine producing areas.
  • Net Impact ESSEC: The ESSEC Chapter of the San Francisco-based Net Impact. This Chapter instills responsible leadership skills among its members through on and off campus activities, often under the mentorship of senior members and alumni;

Notable alumni

With a current network of more than 46,000 alumni,[22] ESSEC is one of the most influential business institutions in France. Among former students, many have reached top positions in the business world,--including in Fortune 500 companies--, and in politics.

The following list is non-exhaustive.

References

  1. ^ [etudiant.lefigaro.fr].  Missing or empty |title= (help)
  2. ^ "ESSEC MiM". 
  3. ^ a b [rankings.ft.com]
  4. ^ "MSc in Management - Applying with an International Degree". Essec.edu. 
  5. ^ Cécile Peltier, Géraldine Dauvergne (2013-04-05). "Ecoles de commerce : tous les concours après prépa à la loupe". Letudiant.fr. Retrieved 2015-03-30. 
  6. ^ [1]
  7. ^ "IV - Statistiques Des Admissions" (PDF). Essec-prepas.com. Retrieved 2015-03-30. 
  8. ^ "Partenaires d'echanges internationaux" (PDF). Essec.fr. Archived from the original (PDF) on 2015-02-19. Retrieved 2015-03-30. 
  9. ^ "Exchanges / Double degree programs - Essec". Essec.edu. 2015-03-25. Retrieved 2015-03-30. 
  10. ^ "L'apprentissage à l'ESSEC : une filière à la pointe des préoccupations métiers et sociétales". Journal des Grandes Ecoles. Retrieved 2015-03-30. 
  11. ^ a b "ESSEC Grande Ecole" (PDF). Essec.fr. Retrieved 2015-03-30. 
  12. ^ "Grandes écoles de commerce : le palmarès 2015 - Le Point". Lepoint.fr. Retrieved 2015-03-30. 
  13. ^ "Les diplômés d'HEC et de l'Essec mieux payés à la City de Londres que ceux d'Oxford - Le Figaro Étudiant". Etudiant.lefigaro.fr. Retrieved 2015-03-30. 
  14. ^ "2015 : Choiseul 100" (PDF). Choiseul.info. Archived from the original (PDF) on 2015-04-02. Retrieved 2015-03-30. 
  15. ^ [www.lepoint.fr]
  16. ^ [www.essecalumni.com]
  17. ^ "Global BBA - International program partners". Essec.edu. 
  18. ^ "Global MBA - Our 6 majors". Essec.edu. 
  19. ^ [2] Archived January 27, 2008, at the Wayback Machine.
  20. ^ [3] Archived January 30, 2008, at the Wayback Machine.
  21. ^ "Advanced Master Strategy & Management of International Business (MS SMIB) - Do I have the profile that fits?". Essec.edu. 
  22. ^ "Association des diplômés du Groupe ESSEC (ADGE) et MDE – Essec". ESSECalumni.com. 2012-12-03. Retrieved 2015-03-30. 

External links