Upload
daulet-gabdullin
View
25
Download
1
Tags:
Embed Size (px)
DESCRIPTION
asd
Citation preview
Jacques Olivier, PhD,Professor of Finance and Program Director
The financial crisis has taught us many lessons. Now more than ever, finance is a field which requires passion and commitment, but also strong ethics and advanced technical skills. If you are looking at our program, there is a fair chance that you have a first training in either finance (business track) or math, economics, physics or engineering (accelerated track) and are now looking to acquire the extra set of skills that will provide a pathway to a successful career in finance. You may also be a young professional who is looking at our new MIF-MBA dual Degree. Many high-quality programs exist in Europe, so you are debating which one to choose.Finance and economics have always been essential components of HEC Paris DNA. Over the years, the MIF (MSc in International Finance) and the Finance Major of our Master in Management have supplied major international investment banks with their largest contingent of European graduates. They also irrigated the French and European economies beyond the boundaries of Finance: our alumni have a strong toehold in fields as diverse as strategic consulting, top management of industrial firms or public policy making.There are many ways in which education at HEC Paris is different. Our approach is deeply rooted in the French tradition of strong analytics. We are looking for candidates who are strong quantitatively and we do our best to challenge them during the program. Another feature is our obsession with tailor designing our programs to our students. The two different tracks, business and accelerated, allow us to leverage on pre-existing skills and knowledge to design the curriculum in a way that would be impossible in a one size fits all regime. Finally, not only do we believe in giving our students strong theoretical grounding with courses taught by world class researchers, but also hands on knowledge with courses taught by top practitioners working for, or at the head of, international banks, corporations and consulting firms. This unique combination is at the heart of the attractiveness of HEC Paris graduates for international recruiters.As we write this message, we have just finished recruiting students for the Class of 2015. We must say that we are quite excited by the profiles of the men and women that we met throughout the year, coming from all five continents. We have been deeply impressed by their academic, personal and often even professional achievements. We are proud that they chose HEC Paris as the next step in their successful career. We hope that you will want to come and join them: we are looking forward to meeting you soon!
foreword
Alexei Ovtchinnikov, PhD,Associate Professor of Finance and Program Director (from June 2015)
gENErAl OvErvIEWOur program aims to fulfill two objectives within a short period of time: lay the necessary foundations for any career in finance and provide in-depth knowledge in each students field of specialization. We achieve this goal by leveraging on the specific knowledge and experience students have acquired before joining HEC Paris: Business track students: have already taken at least introductory level
courses in financial accounting, corporate finance, financial markets, derivatives and statistics in a Tier-1 international business school or university. They frequently have had first internships in banking or consulting and are looking for an advanced set of tools to jump-start their career.
Accelerated track students: have received first class education in a highly quantitative field (maths, physics, engineering, econometrics...) and wish to switch their field to finance. They may or may not have taken some courses in finance and they may or may not have had a first internship in banking or consulting.
Business and accelerated tracks mainly differ in courses taught during the Fall term. Business track students follow the same courses as the Majeure Finance students of the HEC Master in Management program, starting all courses at an advanced level and getting a first opportunity to specialize through block electives. Accelerated track students start all finance courses at an introductory level. However, they go through an intensive Fall term where courses are taught making full use of their strong quantitative skills. Business track and accelerated track students have access to the same pool of electives in the Spring term and have the same career opportunities at the end of the program.
a comprehensive curriculum
inTernaTionaL finance 5
PrOgrAM STruCTurE HEC MIF courses take place from September to April.
Students then continue courses until June within one of the HEC certificates. An HEC certificate corresponds to a group of courses with a sectorial focus on a specific area such as Energy and Finance or Social Business.
Finally, MIF students must write a professional thesis and fulfill a professional experience requirement in order to graduate.The professional thesis may either be written while on campus or during the internship under the joint supervision of a professional and an HEC faculty member. It constitutes an important component of the HEC MIF learning experience. The objective of the thesis is to explore how cutting-edge research is being implemented in the daily practice of finance in a highly competitive environment.
The professional experience requirement is satisfied when the student completes a professional experience of at least 4 months in finance or related fields subsequent to his or her coursework at HEC Paris. It is, however, important to stress that this professional experience may not be an internship per se. Our policy at HEC Paris is that the best type of internship is a full-time job!
The MSc in International Finance is granted when coursework, professional thesis and professional experience requirements are fulfilled.
THE FrENCH lANguAgE
MIF students do not need to speak French to enroll in the program as all core courses and most electives are offered in English. However, some knowledge of French can be useful to enjoy the full HEC experience: becoming professionally bicultural and optimizing networking with French students and alumni. This is why HEC Paris offers optional French language classes free of charge to its international students.Students may also register for a French language course (TEF certificate all levels) in August. This is an exceptional opportunity to learn French and to live in the very heart of Paris before joining the Campus.MIF students are required to speak at least one language other than English at intermediate level upon graduation. Thus students who speak only English and no other language are strongly encouraged to attend either the Preparatory Intensive French Course in August or French Classes offered during the year.
COrE COurSES AND BlOCk ElECTIvES In business track: Asset Management Asset Pricing Theory Corporate Finance Theory Derivatives Empirical Methods for Finance Ethics Seminar Financial Dimensions of
Strategic Decisions Financial Modeling Financial regulation Financial Statement Analysis
refresher Fixed Income FX Derivatives Trading International Finance Mergers and Acquisitions Security Markets: Mechanisms,
liquidity and Investment Decisions
Soft Skills Seminar valuation refresher.
In accelerated track: Accounts and Financial
Statement Analysis Asset Pricing Theory Corporate Finance Empirical Methods for Finance Ethics Seminar Financial regulation Fixed income and derivatives FX Derivatives trading International Macroeconomics Introduction to Finance Mergers and Acquisitions Security Markets:
Mechanisms, liquidity and Investment Decisions
Soft Skills Seminar Structured Finance Taxation.
6 inTernaTionaL finance
September 2015
MASTEr THESIS
CONFErENCES, MEETINgS WITH AluMNI, NETWOrkINg EvENTS, CArEEr FAIrS...
COrE COurSES30 hours
ElECTIvES(common to the two tracks)130 - 160 hours
BuSINESS TrACkCore Courses + Block electives 210 hours
ACCElErATED TrACkCore Courses + Block electives 250 hours
10 MOntH PrOgrAM
100% In EnglISH
January 2016
ElECTIvES* Advanced Asset Pricing Advanced Financial Statement
Analysis Alternative Investments Bond Portfolio Management Credit Crisis: Historical and
Technical Analysis Debt restructuring Distressed Firms and
Credit risk Due Diligence Energy and Finance Energy Trading Equity Capital Markets Ethics: Financial Analysts and
Portfolio Managers Financial Dimensions
of Strategic Decisions (accelerated track)
Financial Engineering and Derivatives
Financial Institutions and Corporate Strategy
Financial Modeling (accelerated track)
Financing Decisions of Firms
Fixed Income - Emerging Markets
lBO Structuring and Modeling legal and Contractual Issues
in Corporate Finance Macroeconomics of Crisis
Economics Modeling Techniques for
Financial Engineering Models of volatility Numerical Analysis Origination of Structured
Products Probability and Stochastic
Processes Quantitative Asset
Management Quantitative Strategic
Management Strategies for International
Expansion Structured Finance (business
track) Sustainable and responsible
Investing Topics in valuation.
* All electives listed beside are taught in English. A few additional electives taught in French are also available. 10-15% of electives are renewed every year.
inTernaTionaL finance 7
June 2016
MASTEr THESIS
CONFErENCES, MEETINgS WITH AluMNI, NETWOrkINg EvENTS, CArEEr FAIrS...
COrE COurSES30 hours
ElECTIvES(common to the two tracks)130 - 160 hours
CErTIFICATES~100 hours
PrOFESSIONAl EXPErIENCESome employers of the class of 2014:
Crdit Suisse Bain & Company Barclays Deutsche Bank
goldman Sachs J.P. Morgan Mc kinsey ... CErTIFICATES
Sponsored by a company, 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 joins one certificate and will be awarded an additional HEC certificate if he/she validates all the requirements of the course.HEC MIF students are guaranteed admission in: Energy & Finance (chaired
by Deloitte and Socit gnrale)
Merger & Acquisition Social Business (chaired by
Danone, Schneider Electric and renault)
They are eligible for all other certificates: Digital Innovation for
Business (chaired by Free, PriceMinister and vente-privee.com)
Innovation Management in Aviation & Aerospace (chaired by Safran)
luxury Strategies (chaired by kering)
leadership (chaired by Pernod ricard)
Digital Transformation (chaired by Axa)
Advanced Management (from the MiM list of courses - provi-ded no timetable conflict).
New certificates are expected in 2015/16, check out the web-site regularly.
inTernaTionaL finance 7
doubLe and duaL degree programs
8 inTernaTionaL finance
glOBAl rEAl ESTATE MASTEr (grEM)The global real Estate Master (grEM) is designed for students seeking a career in the high-risk and high-reward field of international real estate. HEC students who want to join the double degree program need to apply during the Spring term of the HEC MIF. grEM students spend a third semester at the university of Wisconsin (grEM semester) after having attended the "regular" MIF curriculum and done a summer internship.grEM Partner programs are: HEC Paris in Europe Hong kong university of Science and Technology in Asia INCAE in South America university of Wisconsin in North America.Students still need to complete the same thesis requirements as "regular" MIF students to graduate.The two-phase grEM program thus combines the best-in-class instruction in finance at HEC Paris with training in the principles of international real estate during a capstone semester at Wisconsin.The grEM semester includes: 16 weeks of intensive instruction in real estate valuation, development and
investment One or more field trips to a major u.S. real estate market Interactive professional development opportunities both in and out of the
classroom.
The university of Wisconsins Department of real Estate and urban land Economics is consistently ranked as one of the top three real estate programs in the united States by u.S. News & World report. At the end of the program, students receive two master degrees, HEC MIF and grEM, and join the alumni networks of HEC Paris and the university of Wisconsin.
TSINgHuA SEM MASTEr IN FINANCEThis 2-year double degree program was created in Fall 2012 in collaboration with the School of Economics and Management of the premier Chinese university, Tsinghua university. HEC students who want to join the double degree program need to apply during the Spring term of the HEC MIF. Pre-selection will be made on the basis of academic results in the Fall term and final decisions will be made on the basis of an interview with Tsinghua SEM Faculty members. Selected students will join the Tsinghua SEM Master in Finance for a second year of study and receive the two degrees of HEC MIF and Tsinghua SEM Master in Finance.The double degree program with Tsinghua SEM is the opportunity to combine strong academic training in Finance offered by leading programs with an unique cross-cultural experience.
inTernaTionaL finance 9
HEC MBA-MIF DuAl DEgrEEThe Dual Degree program has been designed to maximize synergies between MBA and MIF.Over the course of the 20-month Dual Degree program, students will attend both MBA and MIF courses; the exact courses will differ from student to student as they tailor their program to fit their professional aspirations and experience.The key features of the MBA/MIF dual degree are: A core courses phase runs from
September to April of the first year, with the first semester of courses focusing on Finance so as to optimize students preparation for job interviews and the second semester covering MBA core courses in other fields of management.
The first semester of the second year allows students to specialize in Strategy, Entrepreneurship or general Management with the HEC Paris MBA or one of our international partners.
The last semester of the program gives dual degree students full access to the HEC MIF electives.
Ioanid rosu, Associate Professor, HEC Paris
meeT some professors
Another way to assess the academic quality of a school is to look at the placement of Ph.D. students trained there. recent placement of Ph.D. students trained in Finance Department of HEC Paris includes: Jean-nol Barrot (2013,
Assistant Professor, Finance Department, MIT Sloan)
Boris Valle (2014, Assistant Professor, Finance Department, Harvard Business School).
10 inTernaTionaL finance
The quality of education is driven by the quality of professors. A distinguisting feature of education at HEC Paris is that half of course work is taught by researchers who are world experts in their field and the other half by practitioners. Meet two of them on this brochure and many more on our website.
DAvID THESMAr, PrOFESSOr OF FINANCE
Can you tell us a little about your background?
After studying at the Ecole Polytechnique and ENSAE, I joined the French National Statistics Institute as a researcher and teacher, and worked on macroeconomic forecasts as well. I joined HEC Paris in September 2005, working for the Economics and Finance Department where I teach mainly corporate finance.
In 2007, the Cercle des Economistes and le Monde awarded you the prize for the best young French economist. Can you give us a brief insight on the work that led to the award?Since my thesis, I have focused on corporate organization. Why are hierarchies flatter in modern companies? Why do tasks tend to be less clearly defined? Why have employees been given greater autonomy? Why the upsurge in outsourcing? gradually, my research has turned towards the financial determinants of work organization: how does organization in a company belonging to an investment fund differ from that in a family firm? In what ways does shareholder pressure modify corporate governance?
All MIF students go through two core courses in corporate finance. Why do you feel it is important for a future trader or asset manager to have sound knowledge of corporate finance?Securities traded on markets are issued by firms. Without a clear view of the tradeoff faced by firms in their financing decision, it is hard to have a sense of their actual value. For instance, when a firm borrows from a bank, its stock price may increase, because of tax savings, or decrease, because of risk. When a firm spins off a major asset, it may be good or bad news for stockholders. When a firm announces an equity issue or a hostile takeover, you need to know if you should buy or sell its stock. Whether you invest for the short run or for the long term, you need to be comfortable with this type of reasoning. This is exactly what a first course in Corporate Finance focuses on: the impact of a firms financing choices on market value.
David thesmar, Professor of Finance, teaches corporate Finance in the MIF,
is a member of the French Council of Economic Advisors and Associate
Editor for the Journal of Finance.
inTernaTionaL finance 11
ArNAuD APFFEl, FOuNDEr AND MANAgINg DIrECTOr OF PErENNIuMArnaud Apffel is the founder and Managing Director of Perennium, an investment management advisory firm dedicated to the non-profit world. An HEC graduate (1991), he has a previous career in investment banking, asset management and wealth management. His past roles include Head of Strategic Equity for goldman Sachs in Europe (ECM), and head of global Investments for Deutsche Bank Asset & Wealth Management EMEA. In 2014, Arnaud started teaching Sustainable & responsible Investing in the MIF.
How is the course structured?
There is an alternance of sessions providing the framework (history, methodology, theory and practical cases...) with sessions focused on the experience of leading practitioners. The academic framework is key because the way SrI is usually addressed lacks depth and rigor. But the experience part is an indispensable complement: it broadens the horizon of students, allows for rich discussions, as well as giving ideas of possible careers types. This year, I have invited the CEOs of an ESg research agency, an impact investing firm, and a sustainable asset manager.
What are you views about the future of SrI (Sustainable & responsible Investing)?We need to counter a lack of understanding: some people still think SrI is about excluding a few sectors from a portfolio, based on ethical considerations, and leaving some money on the table in the process. That was 30 years ago... today 1 out of 10 uS$ invested globally follows broad SrI principles. Sustainable & responsible Investing is now at the crossroads of many fields: capital markets, asset management, legislation & regulation, technology innovation, venture capital, corporate governance... This is what makes it fascinating and challenging. We need more academic researchers, entrepreneurs, investors, scientists and we need them to be acting together. Only then will we be able to successfully address the challenges our planet and society face up to.
Arnaud Apffel (H91), Founder and Managing Director of Perennium, Adjunct Professor, teaches Sustainable and responsible Investing course.
HEgE ulrich, Professor, HEC Paris, teaches core finance courses
Europe/Middle East: American university of Beirut,
lebanon Bocconi university, Italy cole Polytechnique, France coles Centrales de lille et
Nantes, France Imperial College london, uk
lomonosov Moscow State university, russia
london School of Economics, uk university of Cambridge, uk university of Mannheim, germany university of St.gallen, Switzerland ...
America: Northwestern university, uSA university of British Columbia,
Canada
university of Pennsylvania, uSA Yale university, uSA ...
Asia: Indian Institute of Technology,
Bombay, India National university of Singapore
(NuS), Singapore
Peking university, China Tsinghua university, China ...
MEDIAn AgE:
23(youngest:19, oldest: 39)
28% OF WOMEn
29 nAtIOnAlItIES
MEDIAn gMAt SCOrE:
710
12 inTernaTionaL finance
HOME uNIvErSITIES OF MIF ClASS OF 2014 STuDENTS
Some MIF Class of 2014 students gathered before commencement.
msc in inTernaTionaL finance class of 2014
inTernaTionaL finance 13
Did you know it? the MIF class of 2014 comprises: Junior world champion in
wind surfing Junior national champions
in basketball, fencing and mountain bike
Air Force officer . ..
TESTIMONIAlYou studied and worked in the USA, Asia and Europe. How would you compare HEC Paris culture with your previous experiences?
Before coming to HEC Paris, I had the opportunity to live in Hong kong for a year (where I did an exchange program in The Hong kong university of Science and Technology as well as an internship for 6 months) and to work in New York during a summer. All of these proved to be very enriching -while at the same time significantly different- expe-riences; and, even though they are all very international cities full of forei-gners, each one is unique in terms of professional and academic growth, culture and day-to-day life. Hong kong, being par excellence the perfect stepping stone to China, was buzzing with energy and willingness to serve as a door for the rest of Asia. New York, with its usual hectic and sense of accomplishment, remains a land of great opportunities. And, finally, in HEC, I got to experience a more European environment by living within the walls of a legendary institution where high-level education, exposure to top companies and the building of a strong network all come together.
What were some of the highlights of your Master program?I think that choosing to go into this Master program has been one of the best decisions I have ever made. I look back on this year and I realize just how much I have grown, not only in a professional and academic level, but also personally. The program is very well organized so to ensure that you receive valuable insights into the world of finance, by the hand of excellent professors and practitioners while being surrounded by top-level students. Another of the highlights of the program is the exposure you get to com-panies and the exit opportunities MIF has to offer are beyond compare.
the fact to live on campus, did you find it important for personal networ-king with other students?Definitely!! The fact that everyone lives on campus makes you spend all your time with other students and so the coherence of the group inevitably becomes extremely strong. For me, one of the most valuable things that I will walk away from HEC with is for sure, the relationships I have made this year.
Anna Brossa Xicoy (Class of 2014),
from ESADE Business School
career opportunities
14 inTernaTionaL finance
THE 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 and 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:
International Finance Career Fair (in October) with leading international financial institutions such as: Accuracy AMF (Autorit des
Marchs Financiers) Axa Barclays Capital Blackstone BNP Paribas Citi Crdit Agricole Crdit Suisse Deutsche Bank Duff & Phelps
Exane g.E. goldman Sachs HSBC JP Morgan Jefferies lazard leonardo & Co Bank of america
Merril lynch Messier Maris &
Associes
Morgan Stanley Nomura International Oddo & Cie Oliver Wyman PwC roland Berger
Strategy Consultants rothschild Socit gnrale uBS ...
Consulting Career Fair (in November) with leading consulting firms such as: Accenture Arthur D. little AT kearney Bain & Company Bearingpoint Beijaflore Corporate value
Associates Capco Capgemini
Consulting CSC
Deloitte Deutsche Post DHl
Inhouse Consulting Ernst & Young Estin & Co Eurogroup Consulting
France kea&Partners kPMg lek Consulting Mazars Mckinsey & Company
OC&C Stratgy Consultants
Oliver Wyman PwC Schlumberger
Business Consulting Solucom Sopra Consulting The Boston
Consulting group Weave ...
58% rECEIVED BEtWEEn 2 AnD 5 JOB OFFErS
AFtEr tHEIr grADUAtIOn1
AIMS ACHIEVED2:
#2 WOrlDWIDE
SAlArY AFtEr 3 YEArS2:
90K$
(1) Annual employment surveys carried out 2013 graduates. 98% placement rate
3 months after graduation.
(2) results of the 2014 Financial Times independent survey of pre-experience HEC MIF
alumni 3 years after graduation
career opportunities
MIF SPECIFIC CArEEr EvENTS First week of classes solely devoted to job market training classes (Cv
workshop, assessment center workshop, case study workshop, ...) london study trip the 3rd week of September with company visits and
networking events with HEC Alumni in london Bank presentations on campus throughout September and October
(twice a week).
THE MOST POPulAr JOB OPPOrTuNITIES FOr YOuNg MIF grADuATES Asset Management Equity research M&A and Private Equity Sales Strategic Consulting Structured Finance Structuring Trading.
ClASS OF 2014 PlACEMENT SurvEY As of April 9th, 2014 employers of Class of 2014 students included: Axa Bain Bank of America Merrill lynch Barclays BCg Blackrock BNP Paribas Crdit Suisse Deutsche Bank Fidelity goldman Sachs HSBC Jefferies
JP Morgan Mc kinsey Morgan Stanley Nomura PWC rBC rBS roland Berger rothschild Socit gnrale uBS unicredit ...
Job/Internship location: uk (london): 61% France: 14% Others (germany, Switzerland, uS, Dubai, Asia...): 20% No answer: 5%.
inTernaTionaL finance 15
Andre Hillenbrand(2013 graduate), Investment Banking Analyst, Deutsche Bank, uk (london)
Philipp Eska(2013 graduate), Consultant bei Mckinsey & Company, germany
Jing Qian (2013 graduate)Finance global Trainee, Bombardier, uSA
Ankit Kankaria (2013 graduate),Trading Analyst (Structured Credit), Deutsche Bank, uk
Makram Abou Fakhreddin (2013 graduate), Trading, Merrill lynch, uk (london)
Mihaela-ruxandra Albu (2013 graduate),Trading, Barclays, uk (london)
testimonials
Jessyn Katchera(Class of 2009),
Consultant, The Boston Consulting
group, Paris
16 inTernaTionaL finance
What is your career path so far?
I started my career in financial markets, working as a structurer and sales on structured products for a range of leading financial institutions (Exane BNP Paribas, Credit Suisse and HSBC) in Paris and london. It has been a fantastic opportunity to build an in-depth knowledge of the Corporate and Investment Banking industry from a technical and operational angle. Though sometimes challenging, it was a unique experience to get an insider view of how the global financial crisis unfolded, while building adaptive capacity.After these experiences, I wanted to build a broader understanding of the financial industry, while keeping on developing a strong business and operational knowledge. Following discussions with a number of HEC Alumni, I joined Oliver Wyman Financial Services in 2010 to help leading companies to adapt to their upcoming challenges (e.g. scarce resources environment, paradigm shift following the gFC, Basel III regulation) and decided to move to the Boston Consulting group in 2012 to build a broader skills set while interacting more frequently with senior client members including C-suites.
Why did you decide to get involved in HEC alumni? When I was a student and was trying to find out how to best shape my professional career, I was impressed by the quality of our alumni network. Most people were highly reactive, willing to share their insights, trying to help me the best they could Now it is my time to give back and try to help the new generation. That is why I am actively working with the JDH (Jeunes Diplms HEC a sub-group of HEC Alumni targeting students that graduated in the past 5 years) and I often engage with the school to discuss how the program can be improved over time.
inTernaTionaL finance 17
Veralene tan, (Class of 2012),Investment Banking Analyst,rBC Capital Markets
How did a degree from HEC Paris help you achieve your career goals?
HEC Paris is well-reputed for being one of the leading business schools focused in Finance. One of the greatest strength of the degree was the opportunity to meet many like-minded and ambitious individuals all at once. When I first entered HEC Paris, I had a vague idea that I wanted to work in investment banking but I was unsure of which division I wanted to work in. However, through exchanging experiences with other students who had done internships in various divisions and attending career forums, I was constantly motivated to discover the career path that suited my strengths.
Are you in touch with MIF alumni in london? Yes, there are many of us from the 2012 MIF class who still meet up on a monthly basis. Most of us are working in a spread of banks in london. last year we organized a class reunion in london with classmates flying in from all over Europe to meet in london. Some even flew from as far away as Toronto!
What advice would you give to students who aspire to subscribe to HEC MSc? Make the best use of your time there to figure out your careers game plan!
340 ACrE WOODED
CAMPUS
130 ClUBS AnD
ASSOCIAtIOnS
95 nAtIOnAlItIES
On CAMPUS
inTernaTionaL finance 19
located close to Paris and versailles, the campus is one of the largest in Europe.MIF students are all housed in the same buildings so as improve group cohesion and cooperation.
COMMuNITY lIFEHEC Paris considers community life as one of the cornerstones of its education. It develops a sense of responsibility, boldness and an enterprising mind. The Campus life Office allows all students to create their own association within one week. Since its creation in January 2014, it has already enabled the launch of the International Entrepreneurship Club and the Model uN Club, which complement the 130 clubs and associations on campus (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, 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, including: 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.
The campus: a place to live and learn
Join a leading business school in europe
20 inTernaTionaL finance
ACCrEDITATIONS AND ACHIEvEMENTS
recognized as one of the leading European institutions of international standards, HEC Paris is the first French management school to have received as early as 2000 -the prestigious Triple Crown international academic accreditation AMBA - EQuIS - AACSB. The HEC MIF is a partner program of the CFA.
HEC COMMuNITY
Alumni AssociationFounded in 1883, the HEC Alumni Association is one of the largest in France with more than 50,000 members in 127 countries. It provides a platform for the exchange of experiences, ideas and information, as well as facilitating entry into the professional world and accompanying 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. HEC FoundationThe HEC Foundation, a non-profit organization of select corporate members, contributes to the development policy of HEC in the fields of: research Establishing professional Chairs Financial assistance to students and campus institutions visiting Professors Program Development of teaching material Innovation in the use of new learning technologies.
#1BUSInESS SCHOOl In EUrOPE(All programs - 2013 Financial Times general ranking of European business schools - http://rankings.ft.com)
#5 BUSInESS SCHOOl WOrlDWIDE(For training CEOs - Alma Mater of Fortune 500 CEOs by 2013 Times Higher Education - www.timeshighereducation.co.uk)
#1PrE-EXPErIEnCE glOBAl MAStErS In FInAnCE(2014 Financial TimesPre-experience global Masters in Finance ranking - http://rankings.ft.com)
HEC Paris Program Portfolio: Grande cole Masters Programs:
Master in Management (MiM), Master in Management & Public Affairs (MPA), Master in Management & Business law (MBl)
One year Specialized Masters / MSc Programs
MBA Program (including a MIF-MBA dual Degree)
PhD Program Executive Education Programs:
TrIuM global Executive MBA, Executive MBA, Executive Masters Programs, Open-Enrollment Programs, Custom Programs and Coaching.
Tuition is paid in two installments, the first upon confirmation of enrollment and the second in September 2015. remaining costs (approximately 1,000 per month in 2014) 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.
22 inTernaTionaL finance
HOW TO APPlY 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 then be invited for a face-to-face or
Skype interview.
session periods
appLicaTion deadLines
inviTaTion To inTerviews
finaL resuLTs
November november 5, 2014 2 to 3 weeks after application deadlines
3 to 6 weeks after application deadlines
January January 15, 2015March March 5, 2015April April 15, 2015
Enrollment must be confirmed 3 weeks after final results are announced.
Apply online: https://admissions.hec.fr/en.Supporting documents to be up-loaded: Degree certificate(s) or current enrollment certificate All official academic transcripts obtained in a higher education
institution (exchange programs included) with official gPA rsum (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 (see website for waivers).
THE PrOFIlE WE vAluEHEC welcomes applications from candidates of all nationalities, who are fluent in English and who have a strong quantitative background. For the Business track, they must also: hold a Bachelor or Masters degree from a Tier-1 international
institution - 2:1 honors or above (or equivalent: Deans list...) have prior training (at least introductory level) in financial accounting,
corporate finance, investments, derivatives.For the Accelerated track, they must also hold a Bachelor or Masters degree from a Tier-1 international institution, or a master degree from a French university or engineering school (Grande Ecole) - 2:1 honors or above (or equivalent: Deans list...)
FEES AND lIvINg COSTS Annual tuition (2015-2016): 22,400 for European union
students 26,400 for Non-European
union students.
how To join the program
how To join the program
This
Bro
chur
e is
not
bin
ding
. Thi
s pr
ogra
m is
indi
cativ
e an
d m
ay e
volv
e ov
er ti
me.
Pho
togr
aph:
Jea
n-M
arc
Bla
is a
nd C
arin
a Fe
rrei
ra /H
EC P
aris
Pri
nted
by
PD
I PD
I Pro
duct
ions
Diff
usio
ns, l
abel
ed Im
prim
ver
t on
a P
EFC
cer
tifie
d pa
per.
HEC Paris1, rue de la libration
F-78351 Jouy-en-Josas FrANCE
Tel: +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 95
Fax: +33 (0) 1 39 67 73 [email protected]
www.hec.edu/Masters-programs