In this comprehensive guide on the HEC Paris MiM program, we delve into the HEC MiM 2024 Class profile, the employment statistics from the Class of 2023, overview of the curriculum, cost of attendance, and available scholarship options.
View the full article published on the admitStreet Blog1. HEC Paris MiM - At a Glancea. European Business School Leader: HEC Paris MiM claims the prestigious title of the #1 European Business School, a testament to its academic prowess, innovative curriculum, and global impact.b. Unrivaled Worldwide Master in Management: The program has secured the top spot as the #1 Worldwide Master in Management, affirming its global influence and standing among premier business institutions.c. Cultural Melting Pot: The MiM program at HEC Paris thrives on diversity, boasting a vibrant community representing 52 nationalities. This rich cultural tapestry enhances the learning experience, fostering a global mindset among students. It also has 70,000 alumni across the globe.d. Impressive Post-Graduation Outcomes: Graduates of the HEC Paris MiM program witness remarkable professional trajectories, with an average salary of €121,000 three years after graduation, as per the Financial Times Ranking 2023.e. Swift Employment and Global Presence: HEC Paris MiM achieves a 100% employment rate within three months of graduation, reinforcing its commitment to delivering career-ready graduates. Furthermore, 40% of these professionals choose to embark on international careers, showcasing the program’s global relevance.2. Class Demographics- International Diversity: The significant presence of international students (42%) underscores HEC Paris’s global reputation and its ability to attract talent from diverse cultural backgrounds. This diversity enriches the learning experience by exposing students to a variety of perspectives.
- Gender Equality: With 47% of the class being women, HEC Paris is making strides toward achieving gender parity in its MiM program. The school’s commitment to fostering an inclusive environment is reflected in this balanced representation.
- Academic Variety: The diverse academic backgrounds of students, spanning engineering, humanities, economics, and more, contribute to a multidimensional learning atmosphere. This mix ensures a rich exchange of ideas, combining the analytical thinking of engineers with the creativity of humanities scholars.
- Global Reach: The class’s representation from various regions (Europe, Asia Pacific, Americas, Middle East, and Africa) highlights HEC Paris’s status as a truly global business school. This global reach prepares students for an interconnected world, exposing them to different business practices and cultural nuances.
3. Employment Statistics (2023)- Swift Employment: The fact that 100% of the class secured employment within three months of graduation speaks volumes about the program’s effectiveness in preparing students for the job market. This quick transition into professional roles reflects the high demand for HEC Paris MiM graduates.
- Global Careers: With 36% of graduates working outside their home country, HEC Paris MiM alumni are truly embracing global opportunities. This international mobility underscores the program’s emphasis on cultivating a global mindset and the versatility of skills imparted to students.
- Competitive Salaries: The average starting salary of €67,000 and the average salary after three years reaching €121,000 showcase the financial rewards of an HEC Paris MiM education. Graduates are not only finding employment quickly but are also positioned for career progression and lucrative compensation.
- Diverse Sectors: The distribution across various sectors, with finance, consulting, and general management leading the way, demonstrates the adaptability of HEC Paris MiM graduates. They are entering diverse industries, showcasing the program’s ability to equip students with versatile skills applicable across sectors.
4. HEC MiM curriculumThe HEC MiM program is structured over two years, encompassing a generalist phase (M1) in the first year and a specialization phase (M2) in the second. There is also an option to take a gap year between year 1 and year 2.
Let’s take a closer look at the key components of the program.
Year 1: (M1) General Management Phase- Timeline: September to September
- Structure: Emphasis on core courses, elective courses, academies, career skills passport, specializations (double degree option), research paper, and certificates.
- Core Courses:
- Managing Organizational Performance
- Company Law
- Capital Structure
- Corporate Valuation
- Financial Economics, and more.
- Waiver Scheme: Opportunity to waive up to 7 courses and 21 credits based on prior knowledge.
- 150+ Electives: Offered in various domains such as Marketing, Finance, Entrepreneurship, International Affairs, and more.
Optional Gap Year:During the period between the first and second year, students have the opportunity to pursue an optional gap year to enhance their CVs with practical experience. Exploring the intricacies of a specific field such as finance, marketing, or consulting allows them to gain insights into their aspirations and chart their desired career path. Support from HEC Talents and extensive business connections facilitates the process of securing dream internships.
Year 2: (M2) Specialization Phase- Timeline: September to September
- Specializations at HEC Paris Campus:
- International Finance
- Accounting & Financial Management
- Managerial & Financial Economics
- Quantitative Economics & Finance
- Marketing, and others.
- Specializations with French Partner Institutions:
- Cognitive Sciences
- International Human Resources Management
- Projet d’Innovation et Conception, and more.
Year 2: AbroadAfter your M1 year at HEC Paris, you can spend one semester at HEC Paris and the other in a fellow CEMS member school. The joint degree equips you with a unique, horizon-broadening training in business and an acute intercultural sensitivity
- Specialization: International Business – HEC-CEMS Master in International Management. Founded in 1988, CEMS is a global alliance offering a joint degree with 34 world-class schools.
- Double Degrees in Management: Opportunities in Brazil, China, Germany, Hong Kong, India, Italy, Japan, Spain, Switzerland, Singapore, USA, and more.
- Exchange Programs: Collaborations with top US MBA programs and exchange opportunities in Latin America, China, Japan, and India.
Certificates- Timeline: Throughout the Program
- Certificates Offered:
- Digital Transformation
- Engagement & Commitment Towards Society
- Digital Entrepreneurship
- Mergers & Acquisitions
- Energy & Finance, and more.
HEC Paris Certificates, featuring over 100 contact hours on real business projects, complement the program, providing students with insights into diverse aspects of successful business operations.
The MiM program at HEC Paris is a holistic journey, shaping versatile and skilled professionals ready to navigate the challenges of the global business landscape.
5. Cost of AttendanceHere’s the key details of the costs associated with the HEC Paris MiM program:
- Tuition Fees: The total tuition fees for the two-year HEC Paris Master in Management program amount to €53,200. It’s crucial to note that these fees only pertain to the standard MiM program and not the Double Degree Programs, for which specific prices can be obtained by contacting the recruitment manager.
- Living Costs: In addition to tuition fees, students should consider living costs, which are approximately €1,000 per month as of 2023. These costs cover housing, food, compulsory insurances (health and civil liability), sports, and leisure. It’s important to keep in mind that living expenses may vary based on individual lifestyle choices.
- Admission Confirmation Deposit: The non-refundable deposit of €5,000 serves as a commitment from admitted students and is deducted from the total tuition fees. This deposit policy is common among leading educational institutions.
- Additional Years: For students opting for an optional gap year or requiring additional time to complete their studies, there are additional fees for student service and administrative fees. This structure accommodates various academic paths.
- Living Costs Considerations: Prospective students should factor in the estimated living costs to have a comprehensive understanding of the total investment required for the duration of their studies at HEC Paris.
6. ScholarshipsHere’s a comprehensive overview of the scholarships available at HEC Paris:
HEC Foundation Excellence ScholarshipFunded by the alumni community and businesses associated with the HEC Paris Foundation, this scholarship is open to all candidates with non-French diplomas (Bachelor’s or Master’s Degree).
Women’s High Potential ScholarshipIn an effort to empower women, HEC Paris offers the Women’s High Potential Scholarship, providing up to €15,000 annually to outstanding female candidates of all nationalities and programs. Eligibility is automatically assessed upon admission.
Eiffel Excellence ScholarshipEstablished by the French Ministry for Europe and Foreign Affairs, the Eiffel Excellence Scholarship aims to attract top international students to master’s and PhD programs. Eligible candidates must apply in Round 1 for the 2024/2025 intake.
Other HEC Paris MiM ScholarshipsHEC Paris offers a range of additional scholarships, each with its specific criteria and benefits. Some noteworthy ones include:
- The Equal Opportunity Scholarship
- The Imagine Fellowship
- CMA-CGM Excellence Fund for Lebanon
- Social Bursaries from the Garzouzi Foundation
- 30% Club Scholarship
- Avenir Scholarship
- Flywire
- Local Scholarships
For detailed information on these scholarships, visit the
HEC MiM Scholarships page.
7. Final ThoughtsHope this guide provides you with an in-depth overview of the HEC Paris MiM program. If you'd like to partner with me on your application journey, feel free to reach out through the link(s) below.
Regards,
Arvind
Founder, admitStreet | HEC Paris alum
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