HEC Paris

For other schools named Hautes Études Commerciales, see Hautes Études Commerciales (disambiguation).
HEC Paris
Hautes études commerciales de Paris
Motto Apprendre à oser
Motto in English
 The more you know, the more you dare
Type Business school
Established 1881
President Henri Proglio[1]
Dean Peter Todd[2]
Academic staff
 115
Students 4,000
Location Jouy-en-Josas, France
Campus Rural
Colors Blue and White          
Affiliations ParisTech
Website www.hec.edu

HEC Paris or école des Hautes Etudes Commerciales de Paris is a European business school located in the southern suburbs of Paris, France. It was ranked as the best business school in Europe seven times in the eight-year period between 2006 and 2013 in the Financial Times ranking, and ranked second in Europe in 2014[3] Among the most selective French grandes écoles, and traditionally seen as the most prestigious French business school,[4] HEC offers its flagship Master in Management – Grande école program, MBA and EMBA programs, eleven specialized MSc programs, a PhD program, and many executive education offerings. It holds the Triple accreditation : AMBA, EQUIS, and AACSB.[5]

Overview

HEC Paris was created in 1881 by the Paris Chamber of Commerce and Industry on the model of French grandes écoles and has progressively become one of the most selective graduate schools in Europe. On average, it has been ranked as the best business school in Europe by the Financial Times[6] since the ranking's inception.

The school grants a Grande Ecole degree (MSc in Management), pre-experience master's degrees, an MBA, two EMBA and offers a PhD program. It has several double degree agreements (Public Policy, Management and Technology, International Business, Sustainable Development, Environmental Development, Management Studies, Business Administration, Law and Diplomacy) with foreign business schools and universities as well as other French institutions.

As is also the case for other top French grandes écoles, HEC's reputation relies on its highly competitive entrance exam, a concours jointly organized with other French business schools. Among the 9,500 students sitting the concours after 2 years of preparatory classes, HEC has an admission rate of 4% and a yield of 99.7%.[7]

HEC has many notable alumni in business and politics.[8] In 2011, 12 of the 40 largest French publicly traded companies have an alumnus of HEC Paris as CEO (or equivalent).[9] With regards to the number of CEOs of Fortune Global 500 companies, HEC ranks as the 4th higher education institution in the world, and the 1st in Europe.[10]

History

In 1819, ESCP Europe became the first business school created in the world.[11] Yet, many of the most prestigious French Grandes Écoles already existed. For example, the Arts et Métiers ParisTech, the École Polytechnique, the ENSTA and the École Normale Supérieure were created before or during the French Revolution.

Most business schools were created decades later, at the end of the 19th century, and were less attractive than universities. Established in 1881 by the Paris Chamber of Commerce (CCIP), the École des Hautes Études Commerciales (HEC) wanted to be in the fields of management and trade what Centrale Paris was in the field of engineering. In order to gain recognition from the academic world, the school offered lessons similar to what was taught in secondary education and few classes in management.

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

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

In 1964, French President Charles de Gaulle inaugurated a new 250-acre (1.0 km2) wooded campus in Jouy-en-Josas. In 1967, HEC launched its executive education programs. At that time, the CCIP wanted HEC to become an MBA school like Harvard. Since the alumni opposed this project, the CCIP established a new school in 1969, the Institut Supérieur des Affaires (ISA). Yet HEC and ISA joined forces in the "Centre d'enseignement supérieur des affaires" the following year. This group changed its named to "Groupe HEC" in 1989.

Women have been accepted at HEC only since 1973. Only 27 girls were accepted that year and "HEC jeunes filles" (HECJF), another school dedicated to women, disappeared. Its alumni are officially considered as graduated from HEC. HECJF alumni include, for example, Édith Cresson, the first and to date the only woman to have held the office of Prime Minister of France.

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

In 2015, the school will adopt a new legal status to allow private investors to join the Board.[12]

Rankings

    Area 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
University ranking
  Mines ParisTech : PRWU
# of CEOs of Fortune Global 500		   World           4th 6th 5th 7th  
  The New York Times
Survey of CEOs and Chairmen		   World         9th          
Business School
  Financial Times Business School   Europe   2nd 1st 2nd 1st 1st 1st 1st 1st 1st
Grande Ecole – Master in Management
  L'Express   France   1st 1st 1st 1st 1st 1st 1st 1st 1st
L'Expansion   1st 1st 1st 1st 1st 1st 2nd 2nd 2nd
Le Point   1st 1st 1st 1st 1st 1st 1st 1st  
Challenge   1st 1st 1st 1st 1st 1st 1st 1st 2nd
Le Figaro & L'Etudiant   1st 1st 1st 1st 1st 1st 1st 1st 1st
Financial Times Grande Ecole   World 2nd 2nd 4th 4th 4th 3rd 2nd 1st 1st 1st
  CEMS (Majeure)         2nd 2nd 1st 3rd 2nd  
Master in Finance
  Financial Times (Pre-experience)   World   1st 1st 1st 1st          
Master in Business Administration
  Financial Times     World 16th 21st 21st 18th 18th 18th 29th 18th 18th  
    Europe         6th 6th 10th      
Wall Street Journal   World                 9th 16th
  Europe                    
The Economist     World   4th 8th     9th 14th      
    Europe   1st 2nd     3rd 6th      
QS     Europe           7th 9th      
Forbes                      
Businessweek                      
Executive Education
  Financial Times EMBA   World       3rd 2nd 3rd 2nd 3rd 2nd  
Ex. Education   2nd 2nd 2nd 1st 2nd 5th      

HEC ranked as the top business school in Europe 7 times in the 9-year period between 2006 and 2014 in the Financial Times ranking.[13][14] Additionally, HEC is ranked 5th worldwide (and 1st in Europe followed by Oxford University) for the number of alumni holding a CEO position for Fortune 500 Global companies.[15]

In 2011, The New York Times ranked HEC Paris among the ten best universities in the World according to a survey of chief executives and chairmen of leading companies, and the first outside the Anglo-Saxon world.[16]

In 2013, Challenges Magazine ranked HEC Paris as the best business school in France.[17]

Grande Ecole – MSc in Management

The Financial Times publishes a ranking of Masters in Management, and constantly ranks the Grande Ecole degree among the top 3 programmes worldwide (second in 2014[18]). The school was ranked 1st three times in the last five years. The CEMS MiM, a European programme offered to the students of the Grande Ecole is also ranked in the top 3.

Master in Business Administration (MBA)

The Master in Business Administration is generally ranked among the top 20 programmes worldwide (fourth in 2014 according to The Economist[19]).HEC Paris MBA curriculum was redesigned in partnership with Bain and Company. The curriculum is divided into two phases; the Fundamental Phase and the Customized Phase with the former focusing on developing knowledge in the business discipline while the later allowing students to customize the program according to their professional objectives. CEO Series (Speaker series), 3-day MBA Tournament and off-campus leadership seminar at the St-Cyr Military Academy are designed to develop leadership skills in MBA Students.[20]

Executive MBA

HEC offers a joint EMBA with the London School of Economics and the NYU Stern School of Business which is constantly ranked among the top 2 programmes worldwide by the Financial Times.

Executive Education

HEC Paris has been ranked #1 in the world in the latest Executive Education 2013 ranking of the Financial Times.[21]

Notable HEC Paris people

Notable HEC Paris faculty and staff

Notable HEC Paris alumni

HEC Paris has many famous graduates:

Politics : François Hollande, Dominique Strauss-Khan, Édith Cresson

Business : Baudouin Prot, Henri de Castries, Jean Paul Agon, François Henri Pinault

Media : Érik Izraelewicz, Claire Chazal

Academics : Jean-Louis Scaringella, Pierre Rosanvallon

Student life

Campus

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

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

Clubs

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

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

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

Alumni association

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

See also

Notes and references

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Coordinates: 48°45′29″N 2°10′13″E / 48.75806°N 2.17028°E / 48.75806; 2.17028

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