international business mSc 2013 editorial The MSc in International Business (MIB) is an intensive program designed to give participants advanced academic and practical knowledge in management for an international career The HEC MIB therefore becomes a natural choice for students who have a Bachelor in Business Administration, excellent track records and the potential to take on international management responsibilities The program is highly selective and aims at fostering students’ international exposure To so, we first Eloïc-Anil Peyrache, ensure that the group formed by students in the proAcademic Director, gram is composed of over 30 different nationalities Associate Dean every year We have also decided to offer our students three options when setting up their curriculum: they can either decide to spend the whole academic year on the HEC campus, benefit from the CEMS network or complete our Queen’s Master of Global Management Double Degree The program benefits from in-depth courses taught by our most research oriented faculty and also from very close ties with the business community who take part in courses, skills seminars, consultancy projects and conferences organized on campus Finally, we believe that the curriculum, the international exposure of the program, the involvement of the Pascal Chaigneau, business community and the reputation of HEC Paris Academic Director as first European Business School since 2006 (FT ranking) are the key assets the HEC MIB offers participants from all over the world The rich cultural and social environment of nearby Paris will additionally help make your stay at HEC an enriching experience We look forward to welcoming you soon Eloïc-Anil Peyrache and Pascal Chaigneau, Academic Directors HEC Paris Campus 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, L’étudiant, 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 corporate 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 ›  aster in Management - Grande école Program M › One year full-time Masters Programs M ›  BA Program P ›  h.D Program E ›  xecutive Education Programs: ››  TRIUM Global Executive MBA ››  xecutive MBA E ››  xecutive Masters Programs E ››  pen-Enrollment Programs O C ››  ustom Programs and Coaching what hec paris leads to H  EC 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 ›  ean-Paul Agon, CEO, L’Oréal J ›  lsa Berry, Managing Director, BNP Paribas, USA E ›  ascal Cagni, General Manager and Vice-President, Apple P ›  enri de Castries, Chairman of the Management Board and CEO, AXA Group H L ›  ouis Gallois, CEO, EADS L ›  eo Lui, CEO, Hermốs China  ranỗois-Henri Pinault, Chairman and CEO, PPR Group (Gucci, Puma, Yves Saint F Laurent ) B ›  eaudoin Prot, CEO, BNP Paribas ›  eepak Rao, Managing director, Goldman Sachs International, Hong Kong D S ›  téphane Richard, CEO, France Telecom Orange Some examples of Top Governmental careers F  ranỗois Hollande, President of France ›  ascal Lamy, Director-General of the World Trade Organization WTO P ›  bdoul Mbaye, Prime Minister of Senegal A Some examples of recent graduates ›  anessa Balouzet Uchanski, Principal at The Boston Consulting Group, USA V › Laure de Batz, Economist, Société Générale, France › Christopher Chelius, Manager, A.T Kearney, UK › Kris Bjørn Jeppesen, Private Equity / PIA, Goldman Sachs, UK › Xiaoping Jin, Procurement Analysis, Thales, Singapore › Cécile Joucan, Sustainable resources manager, LVMH, France › Séliatou Kayode, Financial Analyst, African Development Bank, Tunisia › Mustapha Mokass, Public Private Partnership Manager, World Bank Group, USA › David Oppenheim, Analyst - IB Advisory, HSBC, UK › Mickael Roger, M&A Analyst, UBS Investment Bank, UK › Justin Wanecq, Business Analyst, BearingPoint, France › 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 international academic conferences The HEC Faculty has been ranked 3rd in Europe by the Financial Times 2011 ranking for Research Faculty Thanks to a permanent faculty of 109, holding PhDs from the world’s leading research universities such as Boston College, Cornell, Harvard, McGill, MIT, Princeton, Stanford, 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 Affiliate professors, who are generally prominent members of the business community and who have established a long-term relationship with HEC Paris along with a further 47 visiting professors from prestigious universities worldwide HEC Faculty teaching in the Program ›  Bastien, Affiliate Professor in V Marketing, Former CEO, Louis Vuitton Malletier and YSL Parfums P ›  Chaigneau, Affiliate Professor, Cross-Departmental Faculty ›  Cornuel, Affiliate Professor in E Strategy and Business Policy, Director General and CEO, EFMD ›  Dahlin, Associate Professor in K the Strategy and Business Policy Department J ›  M Gauthier, Affiliate Professor in Finance, Global Partner for Energy and Resources, Deloitte ›  Ghez, Affiliate Professor in J Economics and Decision Sciences, Research Fellow at RAND Europe and CEO of Jemstrat ›  Gottschalg, Associate Professor in O Strategy and Business Policy ›  Jacque, Affiliate Professor in Finance L at HEC Paris and Fletcher School (Tufts University) ›  Matta, Associate Professor in E Management and Human Resources › T Michalski, Assistant Professor, Economics and Decision Sciences ›  Michaut, Affiliate Professor in A Marketing ›  Plambeck, Associate Professor in N Strategy and Business Policy ›  Simonaska, Affiliate Professor E in Operations Management and Information Technology ›  L Uhlmann, Assistant Professor E in Management and Human Resources ›  as well as many professionals from top organizations such as AIO Resources, Crédit Agricole CIB, European Commission, GEMScape Global, Henkel, Mediafin the MIB class at a glance General profile of 2013 class ›  0% Female ›  0% Male ›  verage age: 23 A ›  verage GMAT score: 710 A M ›  ore than 30 nationalities in the classroom › Students nationalities: Institutions of origin (2012-2013) › The London School of Economics and Political Science, UK › University of St Gallen, Switzerland ›  niversità Commerciale Luigi Bocconi, Italy U › Stockholm School of Economics ›  reie Universität Berlin, Germany F ›  omonosov Moscow State University, Russia L › Bogazici University, Turkey ›  rinity College Dublin, Ireland T ›  ienna University of Economics and Business, Austria V W ›  HU - Otto Beisheim School of Management, Germany ›  abson College, USA B ›  eorgetown University, USA G ›  ew York University, USA N › University of Southern California, USA ›  cGill University, Canada M › University of Western Ontario - Richard Ivey School of Business, Canada ›  enmin University of China R ›  ational University of Singapore N ›  ingapore Management University S ›  ational Taiwan University N ›  niversity of Delhi, India U ›  Block Seminar credits Job market workshops Courses and Skills Seminars 27 credits Consultancy P 15 credits Certificate or 15 credits September 2013 February 2014 THE MIB CURRICULUM Our ambition for the MSc in International Business is to shape top international managers and prepare them for the challenges of a steadily evolving, multicultural business world Therefore, they must have acquired all the fundamentals of management before joining the program The MIB then becomes a natural choice for a student who desires to take on international management functions The MIB requires 90 credits ECTS The curriculum focuses on giving MIB students all the academic knowledge and practical experience in management for an international career ›  he Block Seminar hinges around academic courses, case studies, corporate T representatives’ lectures and teamwork › Courses are interactive in format and interdisciplinary in content  › Consultancy Projects are real life business experiences Students act as consul tants in partnership with a company to address one of their key strategic problems Students work in groups of to and are tutored by the company and a professor from HEC › Certificate Programs, sponsored by a company, 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 › Skills Seminars are designed to help participants prepare for an international career  ›  aster Thesis and Internship Students are required to write a Master Thesis and M must also complete a minimum of 16 weeks of internship, in France or abroad A full-time job offer counts as internship experience › Conferences Professionals specialized in International Management, Consulting and Finance are invited to give lectures on current economic and strategic issues throughout the year ›  rench Language Courses MIB students not need to speak French to follow the F 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 Paris experience : become professionally bicultural and optimize networking with French students and alumni This is why HEC Paris offers optional French language classes free of charge to all international students Project Master Thesis 30 credits r Courses Internship June 2014 THE MIB INTERNATIONAL EXPERIENCE While the MIB’s ambition is to offer students the best program in the field of International Business, it also aims at being a gateway to the rest of the world so that students can enhance their international profile We also expect them to be versatile, adaptable and to have the ability to succeed in a cross-cultural environment With this perspective in mind, students can choose to: ›  pend the whole academic year in HEC’s international environment S ›  repare the CEMS Master’s in International Management joint degree by spenP ding a semester at one of the partner institutions F  ounded in 1988 by four leading European Universities, CEMS is a unique strategic alliance of 27 world-class academic institutions and over 70 world-renowned multi national corporate partners The CEMS Master’s Degree in International Management (MIM) is the label which guarantees businesses recruiting a standard of quality shared by the best Business Schools CEMS also offers an outstanding level of cultural diversity 7,000 graduates of 70 nationalities currently occupy positions at various management levels in a broad range of industry sectors throughout the world (www.cems.org) ››  all semester on campus, spring semester abroad F ››  he CEMS option must be chosen upon application, submitted at the January T session and candidates must submit an English language test All students must have scored at least 600/250/100 at the TOEFL; or IELTS: 7.0, except for native speakers of English or students who have earned a university degree fully taught in English ››  ach school in the network has its own educational policy Make sure you look E up the curricula of the schools you are interested in ››  o be granted the CEMS MIM students must be proficient in foreign languages T ›  oin the one year Double Degree Master of Global Management/MSc in InternaJ tional Business with Queen’s School of Business, Ontario, Canada ››  all semester on campus, spring semester abroad F B ››  usiness project at Queen’s ››  aster Thesis supervised by an M HEC Professor 10 Examples of courseS Block Seminar › Managing Luxury Brands in Global Markets with LVMH Finance, Accounting & Economics › Corporate Finance › Emerging Market Economies › Finance in Emerging Countries › Global Financial Services › International Financial Management › Oil, Gas and Power: Trends & Challenges Marketing › Branding Strategies in Consumer Goods › Luxury Strategies › Managing Innovation for Growth Strategic Management & Supply Chain › Business Strategies and Institutions in Europe › Cross-Cultural Psychology of Business › Global Strategy › Globalization and CSR › Management Buyouts › Managing Global Complexity › Managing in Times of Financial Crises: CEO Series › Purchasing and Supply Chain Management › Strategy Implementation and Change › Strategic Mergers & Acquisitions › Technology Strategy › Weapons of Influence International Risk Management › Country Risk Management › Geopolitical Analysis › Géopolitique et Risques Internationaux (in French) 11 Skills Seminars › Innovation in Action: Coty Day › Easing your Way into Consulting: a Deloitte Seminar › International Career Management › Managing in the EU Legislation Context : the Case of a Merger › Negotiation Techniques in Partnership with Henkel › The Importance of Self-Awareness & Personal Responsibility in Developing Leadership Style The certificates Sponsored by a company, the Certificates are a set of interdisciplinary courses taught in English 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 › 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 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 ›  ocial Business (with Danone, Schneider Electric, Renault and la Direction S 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 to reduce poverty D ›  igital 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 12 COMPANIES OFFERING CONSULTANCY PROJECTS in 2012: 14 › Accenture › Accor › Amnesty International ›  xa A › BNP Paribas › Canal+ › Danone › Deloitte › EADS › Forest Pictures › French Lifestyle › Gaz de France  › Greenwich Consulting › Groupe SEB  › Henkel › Holland Bikes  › Imerys Ceramics › KPMG › Kurt Salmon Consulting  › La Poste › Le Printemps › Les Ateliers Ruby › L’Oréal › LVMH › MFP Michelin › Nestlé › Orange /France Telecom › Parfums Givenchy › Philips › Prisma Presse › Procter & Gamble  › PSA Peugeot Citroën  › Reckitt Benckiser › Rio Tinto › Roland Berger Strategy Consultants › Shell › Siemens › Smartgrains › SNCF › The Boston Consulting Group › Thomson Reuters › TUI Travel ›   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: ›  he Career and Corporate Information Center which provides students with up-toT 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 S ›  everal 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 › ) Employment facts and figures MIB students follow the same program as the students enrolled in the International Business specialization of the Grande Ecole and benefit from the same exposure and the same access to our powerful network HEC Paris’ Corporate Relations Department carries out annual employment surveys for each of the HEC degree programs Among the employed of the class of 2011, the average annual salary just after graduation is €53,165 Graduates were employed in a wide variety of sectors with 4% working in France and 96% abroad Examples of recruiting companies from the last two years: ›  maury Sport A Organisation ›  Kearney AT ›  udi A ›  Ventures A ›  ain & Co B ›  arclays Capital Inc B ›  oston Consulting Group B ›  eloitte D ›  anone D ›  oldman Sachs G ›  ighbridges & Co H ›  SBC H ›  BM I ›  P Morgan J ›  PMG K ›  ’Oréal L ›  VMH L ›  cKinsey & Co M ›  organ Stanley M ›  liver Wyman O › Procter & Gamble  › PricewaterhouseCoopers  ›  iemens S ›  oland Berger R ›  ocket Internet R ›  BS U › Wood & Co Investment  ›  MIB alumni, where are they now? ›  arsten Bild, C Associate Consultant, Bain & Company, Germany ›  anuela Ciaramella, M Compliance Manager, Nestlé, Switzerland ›  arc Philipp Clemens, M Founder & CEO, Abbacchus GmbH (Sommelier Privé) , Germany E ›  irini Cheimoniti, Brand Manager, Procter & Gamble, Greece ›  ukund Chopra, M City CEO, Groupon, USA ›  skil Gundersen Koffeld, E Investment Banking Analyst, ABG Sundal Collier, Norway H ›  au Man (Kaylen) Lam, Business Analyst, Target, Canada › Pierre-Adrian Irlé, Founder, Graf + Irlé and Jump Cut Production, Switzerland ›  atrick Jaslowitzer, P Associate, McKinsey & Company, Germany G ›  eorg Knoflach, Associate, Silver Lake, UK ›  enyi Lu, W Senior Analyst, Dell Global Procurement Center, China P ›  aresh Pandit, Manager & Co-Founder, KeyLink FMCG Solutions Pvt Ltd., India › ngmar Ritzenhofen, I Senior Associate, McKinsey & Company, Germany ›  ea Röcken, L International Brand Manager, Henkel, Germany ›  artin Rosenzweig, M Debt Capital Markets Analyst, Morgan Stanley, Germany Y ›  uliya Salo, Consultant, Deloitte, USA ›  ario Tato, D Investment Banking Analyst, JP Morgan, UK ›  ea Weinekötter, L Consultant, McKinsey & Company, Germany › 15 16 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 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 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: ›  multipurpose gymnasium, an indoor mountain climbing wall, a weight a training room and facilities for aerobics, fencing and martial arts ›  ,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 and the World Business School Rugby Tournament and Les Mercuriales 17 The Profile We Value 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 18 HEC welcomes applications from candidates of all nationalities younger than 27 years old during the year of their application They must also: › Be fluent in English › Hold a Bachelor’s degree from a non-French institution in Business Administration or equivalent with a high track record from an international institution › Possess cross-cultural sensitivity and international outlook › Show ability to contribute to the HEC MIB experience There is no requirement of previous work experience; the average age is 23 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 deadline: ›  egree certificate(s) or current enrollment certificate D ›  ll official academic transcripts obtained in a higher education institution, A exchange programs included ›  ésumé (CV) R G ›  MAT or GRE official test score report › IELTS or TOEFL test score report except for native speakers of English or students who have earned a university degree fully taught in the English language ›  Reference Letters filled out online by your referees At least one letter should be from a professor ›  he program requires payment of a non refundable €100 application fee T Incomplete applications will not be processed The selection is a phase process: ›  first selection is made based on evaluation of your application and supporting A documents ›  he pre-selected candidates will be then invited for a personal or web-based T interview The interview takes place to weeks after the application deadline Final results are announced to weeks after the application deadline Application Deadlines We hold selection sessions for one intake in September 2013: ›  ovember 4th 2012 N ›  anuary 13th 2013 J ›  arch 10th 2013 M ›  pril 14th 2013 A Fees and Living Costs Annual tuition (2013-2014): €22,500 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… www.hec.edu HEC Paris 1, rue de la Libération F 78351 Jouy-en-Josas Cedex FRANCE Tel: +33 (0) 39 67 70 00 Fax: +33 (0) 39 67 94 36 >> www.hec.edu Contacts: Tél : +33 (0) 39 67 73 52 / 95 40 / 96 95 Fax : +33 (0) 39 67 73 04 E-mail: hecprograms@hec.fr >> www.hec.edu/MSc This Brochure is not binding This program is indicative and may evolve over time Photograph: Jean-Marc Blais and Carina Ferreira /HEC Paris Printed by PDI PDI Productions Diffusions, labeled Imprim’Vert on a PEFC certified paper 20 ... seminars, monthly meetings with business leaders and an annual international management forum drawing together major senior business executives, experts and international business personalities In... credits Certificate or 15 credits September 2013 February 2014 THE MIB CURRICULUM Our ambition for the MSc in International Business is to shape top international managers and prepare them for... sessions for one intake in September 2013: ›  ovember 4th 2012 N ›  anuary 13th 2013 J ›  arch 10th 2013 M ›  pril 14th 2013 A Fees and Living Costs Annual tuition (2013- 2014): €22,500 Tuition is