strategic management

2014strat

editorial

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HeC Paris Campus

the business environment is changing very rapidly: globalization, increased uncertainty, cutthroat

competition, financial crises, digital-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 strategic skills:› 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 shape new alliances, mergers and acquisitions.

as these booming markets require high profile training, the HeC MSc in Strategic Management meets this demand. taught entirely in english, the program lasts 8 to 10 months and is actively supported by top international consulting firms, leading companies and investment banks which participate actively to its curriculum. in addition to fundamental theoretical insights, the MSc 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 program’s international exposure, the involvement of the business community and the reputation of HeC Paris as a leading business school in europe.We look forward to welcoming you on campus.

rodolphe durand, academic director and delphine riccardi-Benin, executive director.

Rodolphe Durand,Academic Director, Professor, HEC Paris, Visiting Professor, New York University (2011), Visiting Scholar, Harvard Business School (2012)

Delphine Riccardi-BeninExecutive Director,Affiliate Professor, HEC Paris

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JoiN a leadiNg BuSiNeSS SCHool iN euroPeHeC Paris is a leading business school in europe, world renowned for the quality of its degrees, faculty and research. HeC Paris consistently achieves leading positions in numerous rankings and was ranked as the #1 business school in europe by the Financial Times in 2013. in France, the school tops all rankings established by French magazines and newspapers such as L’étudiant, l’Express, Le Figaro Etudiant, Le Point, Challenges, Le Nouvel Observateur… 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 127 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 69 countries of which the largest chapters are in Paris, New York, london, Shanghai and Hong-Kong.

… and that of the HEC Foundationthanks to their 6,800 individual donors, their 48 partnerships with leading companies and their 18 professional chairs and centers, the HeC Foundation, a non-profit organization, 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 école Program› one year Specialized Masters / MSc programs› MBa Program› Phd 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

Some examples of Top business careers› Jean-Paul Agon, Ceo, l’oréal› Elsa Berry, Co-founder & Managing Partner, Vendôme global Partners, uSa› Pascal Cagni, Partner, idiPC llP (previously general Manager and Vice-

President, apple)› Henri de Castries, Chairman of the Management Board and Ceo, aXa group› Louis Gallois, general Commissioner for investment (previously Ceo, eadS)› Isabelle Guichot, President & Ceo, Balenciaga› Hubert Joly, Ceo of BestBuy, uSa› Leo Lui, Ceo, Hermès China› François-Henri Pinault, Chairman and Ceo, Kering (gucci, Puma, Yves Saint

laurent...)› Baudouin Prot, Ceo, BNP Paribas› Deepak Rao, Heritage investment Company limited, Ceo, Hong Kong› Song Dong Sheng, President, Sinohydro Corporation limited.

Some examples of Top Governmental careers› François Hollande, President of France› Abdoul Mbaye, Prime Minister of Senegal.

Some examples of recent graduates

› B. ababou, FX Sales, Bank of America Merrill Lynch, UK› S. aoi Chen, equity research, UBS, Hong Kong› J-F. Baillet, M&a analyst, Jefferies, UK› K. Bjørn Jeppesen,  Private equity / Pia, Goldman Sachs, UK› e. Briola, Brand Manager, Unilever, UK› V-S. Bucek, Strategic Marketing, L’Oréal Paris, France› M. Chopra, City Ceo, Groupon, USA› V. david-Poinsier, M&a analyst, Barclays, France› e. gameiro Pais, Senior Consultant, The Boston Consulting Group, Brazil› P. Jaslowitzer, Consultant, McKinsey & Company, Germany› C. Joucan, Sustainable resources Manager, LVMH, France› g. lorcy, Brands director, Danone Group, Indonesia› M. Mokass, Public Private Partnership Manager, World Bank Group, USA› d. osborn, Product Manager, Mobile, LinkedIn, USA› C. ramos, Strategic Partner Manager, Google, France› V. renz-Kiefel, associate, The Boston Consulting Group, Germany› V. revenco, economist, Council of European Development Bank, France› C. robert-Heidmann, associate, Linklaters, France› M. rosenzweig, debt Capital Markets analyst, Morgan Stanley, Germany› Y. Salo, Consultant, Deloitte, USA› M. van Steendam, Senior Consultant, Roland Berger, Belgium.

A few examples of who teaches in the in the MSc in Strategic Management program:› rodolphe durand, Professor, Strategy,

HeC Paris› delphine riccardi-Benin, affiliate

Professor, Strategy, HeC Paris› daphné Vattier, Bain Capital europe

llP› Brice Challamel, actone› Matthieu de Chanville, a.t. Kearney › guillaume Connan, Helse Capital › Kristina dahlin, associate Professor,

Strategy, HeC Paris › Jean-Bernard girault, HtS Consulting› oliver gottschalg, associate Professor,

Strategy, HeC Paris› eric Hazan, McKinsey & Company› Frederik Jobert, the Boston Consulting

group Paris› Jérome Julia, Kea & Partners› Pierre-antoine Kremp, assistant

Professor, Strategy, HeC Paris› Jean-Paul larçon, Professor, Strategy,

HeC Paris

› Yann le Fur, alstom› laurence lehmann-ortega, affiliate

Professor, Strategy, HeC Paris› Bertrand limoges, CdC innovation› Yann Magnan, duff and Phelps› Véronique Malleret, Professor,

accounting and Management Control, HeC Paris

› andrea Masini, associate Professor, operations Management & information technology, HeC Paris

› Michaël Ögrinz, advent› gonçalo Pacheco de almeida, associate

Professor, Strategy, HeC Paris› laurent Petizon, alix Partners› Nils Plambeck, associate Professor,

Strategy, HeC Paris› Bertrand Quélin, Professor, Strategy,

HeC Paris› Shirish Srivastava, associate Professor,

operations Management & information technology, HeC Paris.

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CuttiNg-edge FaCultY aNd reSearCHResearch, the Essence of Management ScienceHeC 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 5th in europe by the Financial Times ranking for research.

A faculty from prestigious universities worldwidethanks to a permanent faculty of 111, holding Phds from the world’s leading re-search universities, such as Boston College, Cornell, Harvard, Mcgill, Mit, Prince-ton, Stanford, uCla, Wharton, Yale and also from some top european institutions, HeC Paris offers a broad range of quality programs. 62% are non-French and of 29 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 94 affiliate professors, who are generally prominent members of the business community and who have esta-blished a long-term relationship with HeC Paris along with a further 40 visiting pro-fessors from prestigious universities worldwide.

Meet StrategiC MaNageMeNt StudeNtSClass of 2014 General Profile*› 99 students› average age: 23.5› average gMat score (international students): 700› Students nationalities: 20

Examples of Institutions of Origin (2013-2014)Europe› Higher School of economics, russia› imperial College london, uK› Maastricht university, Netherlands› oxford university, uK› university luigi Bocconi, italy› university of Cambridge, uK› university of Mannheim, germany

› university of oxford, uK› university of St andrews, uK› university of St. gallen,

Switzerland› WBS Warwick Business School, uK› WHu otto Beisheim School of

Management, germanyFrance:› arts et Métiers Paristech› École Centrale (Paris, Nantes...)› École Polytechnique Paristech› ecole Normale Supérieure ulm› eStP

› Sciences Po Paris› Supélec› télécom Paristech› université Paris i - Panthéon-

SorbonneMiddle East:› american university of Beirut, lebanon › american university in Cairo, egyptAmerica:› Mcgill university, Canada› Northwestern university, uSa

› university of California, Berkeley, uSa› university of Maryland, College Park, uSa

Asia:› Birla institute of technology and

Science› Fudan university, China› Peking university, China

Paolo Aloi giorgia institute of technology, uSa

Gnagna LamCarleton College, uSa

Sandra LesteveneNS ulm / Sciences Po Paris, France*as of July 15th, 2013

›› origin of international students (class of 2014)

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Class of 2013 students

Alexandra Lebasecole nationale veterinaire d’alfort, France

geNeral oVerVieWStrategic management is an essential component of company growth and survival and encompasses two main components:› Strategic analysis, i.e. identification of major trends and sources of opportunities:›› ‘external analysis’ consists in identifying the forces that constrain a firm –be it

from the industry or from competition- and determining the paths of action in order to reach success

›› ‘internal analysis’ refers to how to determine what makes the resources controlled and possessed by a firm valuable, in order for the firm to develop unique paths to performance.

› Structure and organization, i.e. how a company is designed and manages projects. this includes central functions like planning, management control and information system. it also deals with employees’ commitment, corporate values and culture.

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 great command of analytical frameworks and a rigorous mind.our HeC MSc in Strategic Management aims to fulfill these objectives within a short period of time. this goal is met by leveraging on the specific knowledge and experience that our teachers and instructors bring to the program. they come both from HeC Paris’ outstanding faculty and from the best practitioners working in top firms.Note that 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.

at the start of the curriculum, the Business and accelerated tracks have their own curriculum but they attend together every week methodological training courses and workshops with top firms that come to HeC campus. From december on, students share courses until the end of their curriculum. at the start of april, Students have two possibilities to complete their curriculum: the company project or the certificate. a third option is available to students with a Master’s degree, the required number of eCtS credits and beneficiary of a job/in-ternship offer: the ‘Mastère Spécialisé‘. Students from both tracks are offered equal career opportunities at the end of the program.

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PrograM StruCture aNd CourSe oFFerCourse PortfolioCore courses:› Business Strategy› Business economics and organization› Competition law and regulation› Corporate Finance

› Corporate Strategy› Financial dimensions of Strategic

decisions› Strategic implementation

› Strategic analysis and Negotiation games

› Strategic Management accounting.

Elective courses (examples):› Business Models and Business Plan› Creativity and innovation› Customer led growth› designing and Managing Processes

for advantage› Forward looking analysis› international Business Strategy

› issues in offshoring Strategies› Managing Strategy› Media Strategy› Merger and acquisitions› Private equity Strategies› reinventing Consulting Strategy› renewing the Company

› Strategic Valuation of intangible asset › Strategy and Sustainable

development› turnaround Strategy› Value Proposition› Business Models and Business plan› Web-Based Business Models.

10-15% of electives are renewed every year. 50% of the elective courses are taught by practitioners.Professional Seminars:› Methodology for analysis and

Strategic Consulting› Job interview training› Case cracking

› Communication skills workshop› Building your Professional Path.

Workshops with Firmsleading consulting firms participate actively in workshops all over the year. Consultants come and present their activities and methodologies. they will also supervise case study sessions during which students will work on actual cases. Companies involved in these electives and workshops: accenture, ad little, at Kearney, Bain Capital europe llP, Boston Consulting group, McKinsey & Company, oliver Wyman, roland Berger.during the January-april period, firms offer a portfolio of electives with direct knowledge coming from cases and real-life experience. Companies involved in these electives include among others: alix Partners, Bain Capital europe llP, BCg, duff and Phelps, Kea & Parners, McKinsey, and oliver Wyman.

ConferencesMany 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. Examples of guest speakers: the former essilor’s Ceo, the director of the Strategic development and Partnership at thales international, Morgan Stanley’s Managing Partner, investment Banking division and daiwa Corporate advisory’s Parner.

NegoSim NegoSim is a computer-assisted business simulation in which teams of 4 or 5 participants are in charge of managing virtual companies that compete in international markets. over a period of three days, the teams simulate six sets of business decisions on product portfolio, pricing, advertising, marketing, manufacturing, human resources, finance, international expansion, alliances, etc

September 2014

› NegoSim

› Electives

Business Track or Accelerated Track:

› Core Courses

› Workshops with consulting firms

› Conferences

January 2015

Accelerated Track:

Management Foundation Courses

› Certificates*or › Advanced Management Electives or › Company project*

June 2015

Study Tripat the beginning of april, students have the opportunity to spend a week outside of the HeC campus with the purpose of gaining access to some exciting economic markets (e.g.: dubaï and the Northern emirates, Brazil). Students take time to visit firms and to learn from the experience of lecturers locally involved as managers of the main leading firms. the study trip aims at both enriching the curriculum and opening the professional experience and networking of the students.

Company Projectduring 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 firm’s top management.Some examples of recent Company Projects:› Strategic analysis of CrM for a product business in health treatment› Study of non-food outlets for agricultural products› Choice of a legal structure and financing package for high-tech SMes partnering with an industry leader› restructuration of logistic platforms and development of new business models› analysis of opportunities for creating a start-up in life insurance

or Certificates (see page 12) a significant number of seats are guaranteed for MSc in Strategic Management students in all certificates.

or Advanced Management Electivesat the end of the curriculum, students have the opportunity to compose their own portfolio of advanced Management electives 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› international Financial Management› Performing in organizations

› intellectual Capital, intangible assets and link With Sustainable development

› Sustainable Procurement.

Professional DissertationStudents must write a professional dissertation to graduate from the program. the objective of the professional dissertation is to explore how cutting-edge research is being implemented in the daily practice of strategy in a highly competitive environment. More than 100 topics are offered to Students.

Internship RequirementsStudents must complete an internship of at least 16 weeks in a field related to strategy to meet academic requirements. First jobs count as internship experience.

Fontanet Excellence Awardsthese awards celebrate outstanding academic results and commitment to the program development.

Study Trip

April 2015

Internship and Professional Dissertation examples of firms welcoming our students for their internship:

› accenture › aXa› Bain & Company › Barclays Bank PlC › BNP Paribas Capital › Janssen Cilag › l.e.K Consulting › McKinsey & Company

› Monitor group › Private equity europe› PSa Peugeot Citroën› roland Berger› rothschild & Cie› ...

Mid-April - mid-June 2015* Selection in the 1st semester

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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 student selected 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 Société générale):

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 objective of the Certificate 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 techno-logy management.

› Luxury (with Kering - gucci, Saint laurent, alexander McQueen, Balenciaga, Stella McCartney, Sergio rossi, Boucheron...): the luxury 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, la Direction Générale de la Cohésion 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.

› 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.

› 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 Citroën › reckitt Benckiser › renault › roche › Saint-gobain › Sanofi › Schneider electric › thales › total › ubisoft › unibail-rodamco › unilever › Veolia environnement › White & Case llP › ...)

CloSe tieS to BuSiNeSS CoMMuNitieSStrategy 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 firm’s 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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all tHe eXPertiSe oF HeC PariS’ Career dePartMeNt at Your SerViCelocated at the heart of the school, the career department aims at providing the best possible placement and business opportunities to all of 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

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S. Cairole(Class of 1997),

Partner & Managing director,

the Boston Consulting group

C. Chelius (Class of 2005), Manager, a.t. Kearney, london

A. Collin(Class of 2000),

Chief Marketing officer, Catalog Spree, San Francisco

G. Guigou(Class of 2003), Co-founder Coo, Prêt d’union

M. Bidou (Class of 1990),

Chairman & Ceo, Maximiles

A. Mahy(Class of 1996), Category Pioneer director europe, the Coca-Cola Company

F. Tondu-Mélique (Class of 1999),

Coo, Hiscox europe

M. Colas(Class of 2001), associate Partner,oliver Wyman

F. Utzmann(Class of 2004), Founding Ceo, CertiNergy

V. Balouzet Uchanski(Class of 2002),

Principal, the Boston Consulting group -

Chicago

examples of ReCRuiting Companies in 2012 and 2013Consulting:› 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› Crédit Suisse First

Boston › Citigroup› JP Morgan› lazard› Merrill lynch› Morgan Stanley› Nets Capital› Salomon Smith Barney› Société générale› 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

PlaCeMeNt› among the graduates of the class of 2012, 89% found employment within

3 months, 100% within 6 months› among the graduates of the class of 2012, 28% work outside their home country› the average annual starting salary including the variable part is €55,000 (in 2013)

Strat aluMNi, WHere are tHeY NoW?

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tHe CaMPuS: a PlaYgrouNd For SelF-FulFillMeNtlocated 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 Défense”, 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 LifeHeC 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 now manage over 130 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 SocietyHeC iS is a student-run association aimed at bringing all students together through events such as the welcome week, ”discover France” weekends and various on-campus activities.

HEC Students’ UnionKnown as the Bde (Bureau des Élèves), the union is run by a team of students who are elected annually. its many responsibilities include welcoming incoming students, organizing concerts, theater productions and other social events such as the famous HeC Paris parties and the annual HeC gala. it also publishes the campus magazine and coordinates the activities of the other clubs.

HEC Paris Sports Clubs and CompetitionsHeC 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› 10,000 m2 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 the World Business School rugby tournament and les Mercuriales.

FeeS aNd liViNg CoStS annual tuition (2014-2015): €18,500 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 2014.remaining costs (approximately €1,000 per month in 2013) include housing and food, compulsory insurance (health and civil liability), sports and leisure, phone and it access…

the selection is a 2 phase process: a first selection is made based on the evaluation of your application and supporting documents. the pre-selected candidates will be then invited for a face-to-face or Skype interview.

HoW to aPPlY to join the program in September 2014 and be part of an exciting academic and social student life:

1. Choose a session:

Application deadline

Interview decision notification

Final decision notification

Session 1 › November 5th, 2013 November 18th, 2013 december 3rd, 2013 Session 2 › January 7th, 2014 January 23rd, 2014 February 11th, 2014 Session 3 › March 3rd, 2014 March 20th, 2014 april 9th, 2014 Session 4 › april 10th, 2014 May 2nd, 2014 May 26th, 2014

2. Apply online: https://admissions.hec.fr/en.Supporting documents to be attached:› degree certificate(s) or current enrollment certificate› all official academic transcripts obtained in a higher education institution,

exchange programs included› résumé (CV)› gMat or gre or tage Mage official test score report› english language proficiency test score report (see our website for more details

and exemptions)› 2 online letters of recommendation (at least one letter should be from a professor)› Non-refundable application fee of €100*.

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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tHe ProFile We ValueHeC welcomes applications from candidates of all nationalities who are fluent in english. they must also hold:› Business Track: a Bachelor or Master’s degree in Business administration,

Commerce or equivalent from a tier-a international institution with distinction (2:1 honors or above (or equivalent: dean’s list...))

› Accelerated non-Business Track: a Bachelor or Master’s degree in any field from a tier-a international institution, or a master degree in any field from a French university or a French grande ecole, with distinction (2:1 honors or above (or equivalent: dean’s list...)

www.hec.edu

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Hec Paris1, rue de la libérationF 78351 Jouy-en-Josas CedexFraNCetel: +33 (0) 1 39 67 70 00Fax: +33 (0) 1 39 67 94 36>> www.hec.edu

Contacts:tel.: +33 (0) 1 39 67 73 52 / 95 40 / 96 95Fax: +33 (0) 1 39 67 73 04e-mail: hecprograms@hec.fr>> www.hec.edu/MSc

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