STRATEGIC MANAGEMENT

2013 MSc/MS STRAT

EDITORIAL
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HEC Paris Campus
The business environment is changing very rapidly.
Globalization, increased uncertainty, cutthroat
competition, financial crises, web-based business
models and emerging countries jeopardize established
positions. Firms need to respond faster, control costs
better, embrace technological change and undertake
more often strategic actions like mergers, acquisitions
and alliances.
These challenges nurture a growing demand for
consultants and analysts:
International companies must refine their strategies,
reorganize their activities and businesses
Consulting firms in strategy, which have boomed over
the last decades, must constantly demonstrate the
added value they provide to their clients
Investment banks and corporate venture capital
participate in alliances, mergers and acquisitions.
These booming markets require high profile training.
The HEC MSc/MS in Strategic Management 12-month
program, taught entirely in English, is actively supported
by international key management consultancies,
leading companies and investment banks.
Our goal is to provide high potential, motivated students
with the necessary training in strategy to seek a career
in large or multinational firms, investment banking,
venture capital firms or private funds, and of course, in
leading management consultancies.
In addition to fundamental theoretical concepts of
strategy, the MSc/MS in Strategic Management offers
a professional framework for consulting based on
business cases,strong ties with key industrial players
and numerous student-led real-life company projects.
Finally, participants from around the world will benefit
from the programs international exposure, the
involvement of the business community and the reputation of the HEC Paris as
the number one European Business School since 2006 (Financial Times ranking).
We look forward to welcoming you on campus.
Rodolphe Durand, Academic Director and
Delphine Riccardi-Benin, Executive Director.
Rodolphe Durand,
Academic Director,
Professor of Strategy, HEC
Paris, Visiting Professor,
New York University (2011)
Visiting Scholar, Harvard
Business School (2012)
Delphine Riccardi-Benin
Executive Director,
Affiliate Professor,
HEC Paris
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JOIN THE NUMBER ONE BUSINESS SCHOOL IN EUROPE
HEC Paris has consistently been ranked the number one Business School in Europe
by the Financial Times since 2006 and topped all the latest rankings of French schools
published by Le Figaro, Ltudiant, Le Point, etc.
In addition, HEC Paris is the first Business School in France to have received as
early as 2000 the prestigious Triple Crown Academic accreditation: AMBA, EQUIS,
AACSB.
Enjoy the power of the Alumni Network
Founded in 1883, the HEC Alumni Association is one of the largest in France with
more than 45,000 members in 113 countries. It provides a platform for the exchange
of experiences, ideas and information, facilitates entry into the professional world
and accompanies career advancement. Services and events include career guidance,
personal coaching, career fairs and seminars, monthly meetings with business
leaders and an annual international management forum drawing together major
senior business executives, experts and international business personalities.
In order to ensure HEC Paris international reputation and to maintain an active
network, professional groups are organized in 64 countries of which the largest
chapters are in Paris, New York, London, Shanghai and Hong-Kong.
and that of the HEC Foundation
Thanks to their 4,500 individual donors, their 50 partner companies and their
16 professional chairs, the HEC Foundation, a non-profit organization of select
corporate members, contributes to the development policy of HEC Paris in the fields
of research, financial assistance to students and campus institutions, the visiting
Professors Program and the development of innovative teaching material and
technology.
HEC Paris Program Portfolio
Master in Management - Grande cole Program
One year full-time Masters Programs
MBA Program
Ph.D. Program
Executive Education Programs:
TRIUM Global Executive MBA
Executive MBA
Executive Masters Programs
Open-Enrollment Programs
Custom Programs and Coaching.
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WHAT HEC PARIS LEADS TO
HEC Paris is ranked #4 in the world and #1 in Europe for the number of alumni
who become CEO of leading international companies (based on Fortune Global 500,
www.mines-paristech.fr/Actualites/PR/Ranking2011EN-Fortune2010.html).
Some examples of Top business careers
Jean-Paul Agon, CEO, LOral
Elsa Berry, Managing Director, BNP Paribas, USA
Pascal Cagni, General Manager and Vice-President, Apple
Henri de Castries, Chairman of the Management Board and CEO, AXA Group
Louis Gallois, CEO, EADS
Leo Lui, CEO, Herms China
Franois-Henri Pinault, Chairman and CEO, PPR Group (Gucci, Puma, Yves Saint
Laurent...)
Beaudoin Prot, CEO, BNP Paribas
Deepak Rao, Managing director, Goldman Sachs International, Hong Kong
Stphane Richard, CEO, France Telecom Orange.
Some examples of Top Governmental careers
Franois Hollande, President of France
Pascal Lamy, Director-General of the World Trade Organization WTO
Abdoul Mbaye, Prime Minister of Senegal.
Some examples of recent graduates
Laure de Batz, Economist, Socit Gnrale, France
Eirini Cheimoniti, Brand Manager, Procter & Gamble, Greece
Manuela Ciaramella, Compliance Manager, Nestl, Switzerland
Kris Bjrn Jeppesen, Private Equity / PIA, Goldman Sachs, UK
Xiaoping Jin, Procurement Analysis, Thales, Singapore
Ccile Joucan, Sustainable resources manager, LVMH, France
Sliatou Kayode, Financial Analyst, African Development Bank, Tunisia
Mustapha Mokass, Public Private Partnership Manager, World Bank Group, USA
Chopra Mukund, City CEO, Groupon, USA
David Oppenheim, Analyst - IB Advisory, HSBC, UK
Mickael Roger, M&A Analyst, UBS Investment Bank, UK
Justin Wanecq, Business Analyst, BearingPoint, France
Lu Wenyi, Senior Analyst, Dell Global Procurement Center, China
Kenza Zouari, Cross Assets Sales, Barclays Capital, United Arab Emirates.
CUTTING-EDGE FACULTY AND RESEARCH
Research, the Essence of Management Science
HEC Paris faculty is dedicated to pushing the frontier of knowledge in their field
of expertise by actively engaging in research, regular publications in top academic
journals with an international audience and also through active participation in in-
ternational academic conferences. The HEC Faculty has been ranked 3
rd
in Europe by
the Financial Times 2011 ranking for Research.
Faculty
Thanks to a permanent faculty of 109 holding PhDs from the worlds leading research
universities such as Boston College, Cornell, Harvard, McGill, MIT, Princeton, Stan-
ford, UCLA, Wharton, Yale and also from some top European institutions, HEC Paris
offers a broad range of quality programs. 58% are non-French and of 30 different
nationalities. Whilst teaching the various programs, they also carry out research and
work in, or act as, consultants for major firms. This ensures that they are constantly
up-to-date with the latest managerial practices.
In addition to the full-time permanent faculty there are 26 Emeritus faculty, 88 Affi-
liate professors, who are generally prominent members of the business community
and who have established a long-term relationship with HEC Paris along with a fur-
ther 47 visiting professors from prestigious universities worldwide.
A few examples of who teaches in the program:
Olivier Bron, Bain & Company
Brice Challamel, ActOne
Matthieu de Chanville, A.T. Kearney
Guillaume Connan, Helse Capital
Kristina Dahlin, HEC Paris
Gilles Delapalme, Lasalle Conseil
Rodolphe Durand, HEC Paris
Jean-Bernard Girault, HTS Consulting
Oliver Gottschalg, HEC Paris
Eric Hazan, McKinsey & Company
Frederik Jobert, The Boston Consulting
Group Paris
Jrome Julia, KEA Partners
Jean-Paul Laron, HEC Paris
Yann Le Fur, Alstom
Laurence Lehmann-Ortega, HEC Paris
Bertrand Limoges, CDC Innovation
Yann Magnan, Duff and Phelps
Vronique Malleret, HEC Paris
Andrea Masini, HEC Paris
Dahlia Mani, HEC Paris
Michal grinz, Advent
Gonalo Pacheco de Almeida, HEC Paris
Laurent Petizon, Alix Partners
Barthlmy Philippe, Quilvest Ventures
Delphine Riccardi-Benin, HEC Paris
Nils Plambeck, HEC Paris
Bertrand Qulin, HEC Paris
Shirish Srivastava, HEC Paris
...
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THE STRATEGIC MANAGEMENT CLASS AT A GLANCE
General profile of 2013 class
Average age: 23
Average GMAT score: 695
Students nationalities (other than French):
Institutions of origin (2012-2013)
University of St. Gallen, Switzerland
Oxford University, UK
Maastricht University, Netherlands
Whu - Otto Beisheim School of Management, Germany
University of Mannheim, Germany
Polytechnique, France
Suplec, France
Arts et Mtiers Paristech, France
ESTP, France
Science Po Paris, France
McGill University, Canada
Peking University, China
Birla Institute of Technology and Science, United Arab Emirates
Bogazii University, Turkey
...
GENERAL OVERVIEW
Strategic management is an essential component of company growth. It consists of
analyzing the constraining forces that a firm is subject to be it from the industry or
from competition - and determining the paths of action that it can take both by itself
and in collaboration to shape the conditions of its success.
It encompasses four major topics:
Strategy, covering the whole analytical process from the analysis of the
opportunities and threats towards the environment (structure of the competitive
environment, market segmentation and market share, technological and innovative
processes...), to the strengths and weaknesses of the company, leading to a durable
and sustainable competitive advantage for the company
Structure, i.e. how a company is organized according to the chosen strategy. This
includes the organizational design and management projects
The Decision-Making Process, including how strategy and structure will be
implemented in particular planning, management control and information system
design
The identity of the company, which determines how employees commit themselves
to sharing common and fundamental objectives, values and corporate culture and
play an active part in their implementation. This includes managing the corporate
culture and developing common values.
In short, strategic management is the art of positioning a firm in a turbulent
environment to map out a path to excellence both unique and unmatchable. It requires
a strong command of tools and analytical processes based on a rigorous approach.
Our HEC MSc/MS in Strategic Management aims to fulfill these objectives within a
very short period of time. This goal is met by leveraging on the specific knowledge
and experience that our students acquire before joining HEC Paris.
We offer two different tracks designed for students with either a business or non-
business background:
The Business Track is aimed at recent graduates with a degree from a top institution
in domains related to business administration, management, applied economics,
or equivalent.
The Accelerated Track is designed for students with no business related academic
background, such as engineers, law, life science, and medical professions. They
start the program with introductory-level courses in Accounting, Economics and
Marketing.
The Business and Accelerated tracks have their own curriculum during the Fall term
and attend together every week methodological training and top firms presentations
on campus. From January on, students choose courses from a common pool of
electives.
Students from both tracks are offered equal career opportunities at the end of the
program.
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PROGRAM STRUCTURE AND COURSE OFFER
Course Portfolio:
Core courses
Business Strategy
Corporate Strategy
Strategic Cost Analysis
Corporate Finance
Strategic Implementation
Competition and Regulation
Elective courses (examples)
Strategic Negotiation
Private Equity Strategies
Disruptive Business Models
Value Creation
New Media based Strategies
Management of Change
Global Value Chain
Offshoring Strategies
Strategy and Sustainable Development
Strategy in Emerging Countries
Value Proposition Business models and Business plan
Professional Seminars
Methodology for Analysis and Strategic Consulting
Job interview training
Company Project (fieldwork on organizational and strategic issues)
Workshops with Strategy Consulting Firms
Career Preparation
Preparing for the test case in the recruitment of consulting firms
Communication skills Workshop
Building your Professional Path
Preparing for the Interview.
Consulting Firms
Leading consulting firms participate actively in workshops all over the year.
Consultants will come and present their activities and methodologies. They will also
supervise case study sessions during which students will work on actual cases.
During the period January-April, firms offer a portfolio of electives with direct
knowledge coming from cases and real-life experience. Companies involved in these
electives include among others (alphabetical order) Alix Partners, Bain, BCG, Duff
and Phelps, Kea, McKinsey, and Oliver Wyman.
September 2013
Electives
More than 15 Electives
Examples:
Strategic Negotiation
Disruptive Business Models
Value Creation
Global Value Chain
Core Courses
and Specialization Courses 400 hours
Strategic Analysis Project
Workshops with Strategy Consulting firms
Business Track:
Advanced Core Courses
Accelerated Track:
Management Foundation
courses
Core courses in Strategy and
Finance
Certificates
or
Advanced Electives
Courses
or
Company project
Internship and Master Thesis
Examples of firms welcoming our students for their internship:
Accenture
AXA Investment Managers
Bain & Company
Barclays Bank PLC
BNP Paribas Capital
Janssen Cilag
L.E.K Consulting
McKinsey & Company
Monitor Group
Private Equity Europe
PSA Peugeot Citron
Roland Berger Strategy Consultants
Rothschild & Cie
...
April 2014 June 2014
Conferences
Many leaders from the industrial and service sector also participate actively in the
Program, sharing their experience in policy matters. This allows students to interact
regularly with CEOs, Strategy and Development Officers and Business unit Managers
of Large Companies.
Company Project
During the Spring semester, students undertake a 10-week part-time Company
project for a company facing a real-life, concrete strategic issue. In many cases,
the project is an opportunity for participants to build a business plan for innovative
SMEs wishing to market a new product. Supervised by a professor and supported
by Arthur D. Little consultants, the student groups complete their study and deliver
their results and recommendations to the concerned firms management.
Some examples of recent Company Projects:
Strategic analysis of CRM for a product business in health treatment
Analysis of the strategic business portfolio of a leading European company
Study of non-food outlets for agricultural products
Choosing a legal structure and financing package for high-tech SMEs wishing to
develop a partnership with an industry leader
Identification of investment opportunities in a specific sector
Restructuring of logistic platforms and development of new business models
Analysis of opportunities for creating a start-up in life insurance
...
The certificates and Advanced Elective Courses : optional for students pursuing a
MS degree (see page 12)
Professional Master Thesis
Students must write a professional thesis to graduate from the program. The
objective of the thesis is to explore how cutting-edge research is being implemented
in the daily practice of strategy in a highly competitive environment.
Internship Requirements
Students must complete an internship of at least 16 weeks in a field related to strategy
to meet academic requirements. First jobs will count as internship experience.
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THE CERTIFICATES AND ADVANCED ELECTIVE COURSES
The Certificates
Sponsored by a company, the Certificates are a set of interdisciplinary courses
corresponding to approximately 100 contact hours as well as business projects
and other types of field work related to a given sector. Each selected student for a
certificate will be awarded an additional HEC certificate if he/she validates all the
requirements of the course.
Energy & Finance (with Deloitte and Socit Gnrale): The Energy & Finance
Certificate is an exceptional opportunity for participants to confront the issues in
this sector and acquire the knowledge and analytical skills that will help them
make informed decisions, as important contributors to the current industrial
revolution.
Innovation Management in Aviation & Aerospace (with Safran): The general objec-
tive of the course is to provide participants with a set of skills and instruments to
manage firms in high technology sectors and to understand the industry dynamics
in these sectors. To this end, the course introduces conceptual frameworks based
on cutting-edge research in economics, strategy and technology management.
Luxury Strategies (with PPR - Gucci, Yves Saint Laurent, Alexander McQueen,
Balenciaga, Stella McCartney, Sergio Rossi, Boucheron...): The Luxury Strategies
certificate is a business oriented certificate, seeking to provide future managers
with an in-depth understanding of the unique rules for the effective management
of luxury brands and companies.
Social Business (with Danone, Schneider Electric, Renault and la Direction
Gnrale de la Cohsion Sociale and private donors): The aim of the Social
Business certificate is to train students in the innovative business approaches
that reduce poverty by offering new economic models for both developed
and developing countries, and investigating new methods of co-creation and
distribution of wealth to reduce poverty.
Digital Innovation for Business (with Free, Meetic, Pixmania, PriceMinister and
Vente-privee.com): The Certificate provides HEC students with the opportunity
to embrace e-business through an entrepreneurial approach. They will explore
the various ways digital technologies enhance innovation through new business
models, e-commerce, digital communication, collaborative marketing, funding of
new ventures, etc.
The Advanced Electives Courses
Students enrolled in our MSc programs also have the opportunity not to follow a
Certificate and instead compose their own portfolio of Advanced electives courses
according to their area of interest and professional goals among the following
courses:
Communication, Culture and Leadership
Country Risk Analysis: Emerging Asia
Geopolitical Analysis
Global Financial Services
Intellectual Capital, Intangible Assets
and Link With Sustainable Development
International Financial Management
Performing in Organizations
Strategy and Sustainable Development
Sustainable Procurement
Value Proposition, Business Models &
Business Plan
ALL THE EXPERTISE OF HEC PARIS CAREER
DEPARTMENT AT YOUR SERVICE
Located at the heart of the school, the career department aims at providing the best
possible placements and business opportunities to all our students.
The resources available are:
The Career and Corporate Information Center which provides students with up-to-
date job & internship opportunities
The Career Services which organize company presentations, seminars, conferences,
round tables, mock interviews with recruiters, meetings with alumni and job/
internship events throughout the year
Several career fairs which are organized on campus throughout the year:
International Finance Career Fair (October), Legal & Fiscal Career Fair
(October), Consulting Career Fair (November), Alumni Career Fair (January)
and International Career Fair (January - World-renowned companies from all
sectors such as Air Liquide Amazon.fr Barilla BETC Euro RSCG Bloomberg
Bouygues Construction Bouygues Immobilier Canal+ PSA Peugeot Citron
Reckitt Benckiser Renault Roche Saint-Gobain Sanofi Schneider Electric
Thales Total Ubisoft Unibail-Rodamco Unilever Veolia Environnement
White & Case LLP ...)
CLOSE TIES TO BUSINESS COMMUNITIES
Which positions or businesses can a Master in Strategic Managment lead to ?
Strategy Consulting:
Main Companies involved in the Program: The Boston Consulting Group McKinsey
& Co Booz & Co AT Kearney Arthur D. Little Bain & Co Oliver Wyman OC&C
Roland Berger Strategy Consultants Accenture Advention Advancy Cap
Gemini Consulting Stanwell Consulting
Over 50% of each intake is hired by strategy consulting firms.
Manufacturing and Service Businesses:
A large number of French and foreign companies feature a Strategy Development
and Planning Division, responsible for determining key development areas, FDI
policy and mergers & acquisitions for the company according to the firms specific
competencies, key factors for success, market trends and competitors.
About 30% of each intake find jobs in large companies.
Investment Banking and Private Funds:
Mergers and acquisition, investment banking and corporate finance are explored
in detail throughout the program. As a result, students are able to apply for analyst
positions thanks to their strong understanding of markets, competitors and
products, and their skills in corporate finance. The skills students develop provide
them with a strong foundation for a career as an analyst.
Venture-Capital and Financing of Innovation:
Funding and support for high tech entrepreneurs requires the analysis of potential
technologies and markets as new business models.
About 20% of each intake finds a job in Investment Banking, Corporate Finance,
Private Equity or Venture Funds.
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15
Stephane Cairole
(Class of 1997),
Partner &
Managing Director,
The Boston Consulting
Group
Christopher Chelius
(Class of 2005),
Manager,
A.T. Kearney,
London
Arnaud Collin
(Class of 2000),
Chief Marketing Officer,
Catalog Spree,
San Francisco
Geoffroy Guigou,
(Class of 2003),
Co-founder COO,
Prt dUnion
Marc Bidou
(Class of 1990),
Chairman & CEO,
Maximiles
Antoine Mahy
(Class of 1996),
Category Pioneer
Director Europe,
The Coca-Cola Company
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Large Companies in
Industry and Services
Investment Banking,
M&A, Private Equity
Consulting in Strategy
Florence Tondu-Mlique
(Class of 1999),
Director, Global Marketing
& Communication,
AXA Real Estate
Mathieu Colas
(Class of 2001),
Associate Partner,
Oliver Wyman
Frederic Utzmann
(Class of 2004),
Founding CEO,
CertiNergy
Vanessa Balouzet
Uchanski
(Class of 2002),
Principal, The Boston
Consulting Group -
Chicago
EXAMPLES OF
RECRUITING
COMPANIES IN
2011 AND 2012
Consulting:
Advancy
A.T. Kearney
Arthur D. Little
Bain & Co
Boston Consulting Group
Corporate Value
Associates (CVA)
IMS Health Consulting
McKinsey & Co
OC&C
OSE Consulting
Oliver Wyman
Roland Berger
...
Corporate Finance, M&A
and Private Equity:
Apax Partners
Banexi
Crdit Suisse First
Boston
Citigroup
JP Morgan
Lazard
Merrill Lynch
Morgan Stanley
Nets Capital
Salomon Smith Barney
Socit Gnrale
Warburg & CO
...
Departments of
Strategy, Development
and Planning in large
Companies:
Air Liquide
AXA
Bouygues
BT
EADS
EDF
Eurocopter
France Telecom
General Electrics
Groupon
PPR
PSA
0
10
20
30
40
50
60
2011
HEC MASTERS IN STRATEGIC MANAGEMENT:
3 SIGNIFICANT TYPES OF PLACEMENT
100% of the class of 2011 found a job before graduation
First job annual salary of the class of 2011: 52600 including the variable part.
STRAT ALUMNI, WHERE ARE THEY NOW?
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THE CAMPUS: A PLAYGROUND FOR SELF-FULFILLMENT
Located close to Paris and Versailles, the 300-acre wooded HEC Paris campus
is one of the largest in Europe. The campus is also close to La Dfense, one
of the largest European business districts housing the headquarters of many
multinational companies. These companies interact with HEC Paris both as
partners and as potential recruiters.
Community Life
HEC Paris considers community life as one of the cornerstones of its education. It
develops a sense of responsibility, audacity and an enterprising mind. Belonging
to one or more clubs and associations is an absolute must on the campus! It is
the best way to make friends, meet company representatives, share ideals or
hobbies with others, have fun and take part in an activity.
Over the years, HEC Paris students have founded and today manage over
120 clubs and associations (sports, culture, professional activities, humanitarian
aid, public affairs).
Students plan social events, sports tournaments, concerts and plays; they invite
politicians and business VIPs to speak and debate on current affairs; they help
people in need throughout the world; they welcome foreign students
International Student Club
HEC IS is a student-run association aimed at bringing French and international
students together through events such as the welcome week, Discover France
weekends and various on-campus activities.
HEC Paris Sports Clubs and Competitions
HEC Paris has excellent indoor and outdoor facilities on campus. These include:
a multipurpose gymnasium, an indoor mountain climbing wall, a weight
training room and facilities for aerobics, fencing and martial arts
8,000 m
2
of outdoor fields including tennis courts, an athletics track and two
rugby/football pitches.
The Sports Office is managed by a permanent staff of 25 qualified professionals
and coaches who teach the various sports offered. Each sport has its own club,
run by students in collaboration with the Sports Office.
The HEC Paris teams compete with other universities in all sports, such as the
Business School Coupe de France competition and the World Business School
Rugby Tournament and Les Mercuriales.
THE PROFILE WE VALUE
HEC welcomes applications from candidates of all nationalities who are fluent in
English. They must also hold:
Business Track: A Bachelor or Masters degree in Business Administration,
Commerce or equivalent from a Tier-A international institution with distinction
(2:1 honors or above (or equivalent: Deans list...))
Accelerated non-Business Track: A Masters degree from a Tier-A international
institution, or from a French engineering school (Grande Ecole) or a 4 year
Bachelors Degree with distinction (2:1 honors or above (or equivalent: Deans list...))
HOW TO APPLY
All applications are made online: https://admissions.hec.fr/en.
The following supporting documents must be attached electronically to your
application before the appropriate deadline:
Degree certificate(s) or current enrollment certificate
All official academic transcripts obtained in a higher education institution,
exchange programs included
Rsum (CV)
GMAT or GRE or TAGE MAGE official test score report
IELTS or TOEFL or TOEIC test score report except for native speakers of English or
students who have earned a university degree fully taught in the English language
2 Reference Letters filled out online by your referees. At least one letter should be
from a professor
The program requires payment of a non refundable 100 application fee
(exemption for applicants from ParisTech schools, ISAE, ENS Ulm or CROUS
scholarship holders).
Incomplete applications will not be processed.
The selection is a 2 phase process:
A first selection is made based on evaluation of your application and supporting
documents
The pre-selected candidates will be then invited for a personal or web-based
interview.
The interview takes place 2 to 4 weeks after the application deadline. Final results
are announced 4 to 6 weeks after the application deadline.
Application Deadlines
We hold 4 selection sessions for one intake in September 2013:
November 4
th
2012
January 13
th
2013
March 10
th
2013
April 14
th
2013.
FEES AND LIVING COSTS
Annual tuition (2013-2014): 17,900 for European Union students, 22,500 for
Non-European Union students. Tuition is paid in two installments, the first upon
confirmation of enrollment and the second in September 2013.
Remaining costs (approximately 1,000 per month in 2012) include housing and food,
compulsory insurance (health and civil liability), sports and leisure, phone and IT access
FUNDING YOUR
STUDIES
The French Ministry of
Foreign and European
Affairs allocates a large
number of grants to
international students.
Use Campus France -
Grants Search Engine
(www.campusfrance.org/
fria/bourse) to learn about
scholarships fitting your
nationality and background
The main French
Government Eiffel
Scholarship is open
exclusively to November
session candidates, as the
application deadline is fixed
to the beginning of January.
For more information:
www.campusfrance.org/en
Admitted students may
apply for the HEC Merit
based Scholarship. Special
attention will be given to
applicants from non-EU
countries
Students may also finance
the cost of their education
with student loans, which
typically carry low interest
rates and can be paid
back following graduation.
However, French banks
generally require a
guarantor living in France
The internship period is
usually paid and thereby
provides students with extra
financial resources.
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www.hec.edu
20
HEC Paris
1, rue de la Libration
F 78351 Jouy-en-Josas Cedex
FRANCE
Tel: +33 (0) 1 39 67 70 00
Fax: +33 (0) 1 39 67 94 36
>> www.hec.edu
Contacts:
Tl. : +33 (0) 1 39 67 73 52 / 95 40 / 96 95
Fax : +33 (0) 1 39 67 73 04
E-mail: hecprograms@hec.fr
>> www.hec.edu/MSc
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