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HEC Paris

HEC Paris
Hautes études commerciales de Paris
HEC Paris.svg
Motto Apprendre à oser
Motto in English
The more you know, the more you dare
Type Business school
Established 1881; 137 years ago (1881)
Endowment €48.7 Million[1]
President Henri Proglio[2]
Dean Peter Todd[3]
Academic staff
115
Students 4,000
Location Jouy-en-Josas, France
Colors Blue and White          
Affiliations CEMS
AACSB
AMBA
EQUIS
Université Paris-Saclay
Website www.hec.edu

HEC Paris (French: École des hautes études commerciales de Paris) is an international business school, established in 1881, located in Jouy-en-Josas, France. It is widely regarded as one of the most prestigious and selective business schools in the world.

Among the most selective French grandes écoles, HEC Paris offers its flagship Master in Management, MBA and EMBA programs, eleven specialized MSc programs, a PhD program, and executive education offerings. In 2017, the QS World University Rankings ranked HEC Paris 12th worldwide for Business and Management Studies, 39th worldwide for Accounting and Finance, and 55th worldwide for Social Sciences and Management.

HEC Paris is the founding member of CEMS - Global Alliance in Management Education and holds the triple accreditation (AACSB, AMBA, EQUIS).[4] Together with ESSEC Business School and ESCP Europe, it forms the informal group commonly referred as the trois Parisiennes ("three Parisians").

History

Academic Building at HEC Paris
The château at HEC Paris

Established in 1881 by the Paris Chamber of Commerce (CCIP), the École des hautes études commerciales de Paris (HEC) wanted to be in the fields of management and trade what Centrale Paris was in the field of engineering. In order to gain recognition from the academic world, the school offered lessons similar to what was taught in secondary education and few classes in management.

In 1921, the school introduced the case-based method of the Harvard Business School, but most of the lectures remained theoretical. In 1938, the HEC program was lengthened to 3 years.

Due to French corporations' demand for North American style management education, at the end of the 1950s, the case-based method was generalized and a one-year classe préparatoire was created to prepare for the entrance examination, which had become difficult. An evidence of the recognition of the diploma is that only 9% of HEC students also attended university in 1959, whereas 47% had done so in 1929.

In 1964, French President Charles de Gaulle inaugurated a new 250-acre (1.0 km2) wooded campus in Jouy-en-Josas. In 1967, HEC launched its executive education programs. Women have been accepted at HEC since 1973. Only 27 women were accepted that year and HEC jeunes filles (HECJF), another school dedicated to women, was closed. Its alumnae are officially considered as graduates of HEC. HECJF alumni include, for example, Édith Cresson, the first and to date the only woman to have held the office of Prime Minister of France.

During the 1970s, HEC signed a partnership with the New York University and the London School of Economics in 1973, and it has recruited foreign students since 1975. In 1988, HEC founded the CEMS network with ESADE, the Bocconi University and the Cologne University.

In 2015, the school adopted a new legal status to allow private investors to join the Board.[5]

International rankings

HEC has consistently ranked among the top business school in Europe in the Financial Times rankings, especially for both its Master in Management and Master in Finance programs. Also, according to the 2016 Times Higher Education World University Rankings, HEC graduates are ranked the 21th most employable in the world[6]. In 2017, the QS World University Rankings ranked HEC Paris 12th worldwide for Business and Management Studies, 39th worldwide for Accounting and Finance, and 55th worldwide for Social Sciences and Management.

2013 2014 2015 2016 2017
FT - Master in Management (HEC Grandes école Program) 4th 2nd 2nd 2nd 2nd
FT - Master in Management (HEC CEMS Program) 7th 5th 4th N/A* 9th
FT - Master in Finance 1st 1st 1st 1st 2nd
FT - Executive Education - Open 7th 3rd 2nd 8th 12th
FT - Executive Education - Customized 2nd 2nd 2nd 2nd 7th
FT - Global MBA 21st 21st 16th 15th 20th
The Economist - MBA 8th 4th 5th 9th 15th

*In 2016, CEMS refused to take part in the yearly FT Ranking. The program made its come back in 2017, at 9th place. [7]

Programs

Grande école (Master in Management)

French students who attended a classe préparatoire are taught fundamental managerial sciences during their first year at HEC. Courses include economics, accounting, finance, law, psychology, sociology and mathematics (models, operations research, and statistics). During this first year, students can spend a semester in a foreign university (e.g. Wharton, Bocconi University, Trinity College Dublin, University of British Columbia, etc.). They can also enroll in a specific one-year program to get a bachelor's degree from a French university (see below).

Direct admissions, including international students, enter directly into the second year, where they begin a business intensive program. Courses include corporate and market finance, accounting, marketing, law, mathematics, management, human resources, and supply chain. Second-year students are also given the opportunity to spend one semester in a foreign university. At the end of their second year, students choose specific majors and must pass through a less competitive application process.

In order to graduate, students are required to have 8 months of internships. Since this is usually difficult during the summer, many students take a semester or year off for their internship, generally between the second and third year. The final year of study covers intensive courses in the chosen major.

HEC Paris has numerous double degree agreements with French and foreign institutions. Some of them only make degrees of the partner institution available to HEC students, while others also enable selected students of the partner institution to graduate from HEC.

Among French partner institutions, École Polytechnique, École des Ponts, Mines ParisTech, Agro ParisTech, ENSAE ParisTech and Télécom ParisTech are other colleges of ParisTech.

One year MSc / MS Programs

  • MSc International Finance
  • MSc Managerial and Financial Economics
  • MSc Strategic Management
  • MSc/MS Marketing
  • MSc Sustainability and Social Innovation

Master in Business Administration (MBA)

The Institut supérieur des affaires is the department of the school that manages its MBA program. This program attracts students from around the world with more than 55 nationalities represented in the 2008 graduating class. The selection process seeks a balance between academic achievement, professional experience, international exposure, and personal motivation. Knowledge of French is not an entry requirement, but participants are highly encouraged to have a basic knowledge of French by the start of the MBA Program, while mandatory (during the first two core terms) and optional language courses are offered throughout the duration of the program.

Executive Education

Executive MBA

The HEC Executive MBA is a program for top executives with a minimum of 8 years of corporate experience, which prepares for general management positions (the average background experience of students is about 14 years). The Executive MBA is a multi-site program offered in Paris (France), Beijing (China), St Petersburg (Russia) and Doha (Qatar). The courses are split between theory, case studies, strategic project, leadership training, EU community campus and foreign exchanges in the US and Asia. Program partnering universities are NYU, UCLA, Babson College in the USA, Tsinghua University in China and Nihon University in Japan.

TRIUM Global Executive MBA

HEC also offers the TRIUM Global Executive MBA programme jointly with Stern School of Business of NYU and the London School of Economics. It is divided into six modules that are held in five international business locations over a 16-month period.

Student life

Campus

HEC is located on an 110-hectare woodland campus in Jouy-en-Josas, 16 km. (10 miles) southwest of central Paris, close to Versailles. Jouy-en-Josas is served by the RER Parisian suburban train. The campus is built around a 19th-century château, which is currently used for Executive Education classes.

Lodging is provided in one of ten dormitories (Bâtiments) providing basic but furnished rooms. Everyone eats together at the University Restaurant, which serves two meals a day in a soup kitchen setting. Grande école and Specialized Master students have classes in the Bâtiment des études (Batzet), while MBA students study in a specially designated building. There are two on-campus bars: Zinc, which is located on the second floor of the Cafeteria (or Kfet), and the Piano Bar, which is adjacent to the MBA residence hall. The campus also boasts several sports fields and two lakes.

Clubs

There are around 130 clubs or "associations" on campus.

The HEC Student Council (Bureau des Élèves in French, or BDE) is in charge of the social entertainment on campus. It is also in charge of coordinating all club activities and representing the students in front of the campus administration. The BDE organizes weekly events such as POWs ("Parties Of the Week"), lunches and dinners, speakers, and sport events. HEC parties, which usually are organised every Thursday, are some of the most recognized ones among all French schools and universities. The BDE is composed of a 40-student team that is elected each year in April and for which the competition among students creates the well-known Student Office Campaign.

The HEC MBA Council is in charge of all social activities related to the MBA student body. It manages the MBA students' Piano Bar in the Expansiel Building (Building A), coordinates and sometimes funds all MBA club activities (speaker events, sports events, dinners, etc.), works to expand the HEC MBA brand, develops campus and alumni relations, sets up the new MBA students' integration week, and generally relays student concerns and needs to the administration. Elections for the MBA Council are bi-annual so as to accommodate both January and September MBA intakes.

Alumni association

The school alumni association, Association des diplômés HEC Paris, was founded in 1883 and gathers alumni of the different institutions of the HEC Group: École HEC Paris, MBA HEC Paris, HEC Paris Executive MBA, Mastères HEC Paris and Doctorat HEC Paris. Each degree is associated with a letter and the year of graduation.

See also

Notes and references

External links