Hi JiangNan,
HEC granted 1.3 millions euros scholarships to its students in 2007 (Grande Ecole, MBA, PHD, MS). No official figure is pointed out for the amount of scholarships granted to MBA students alone.
For 2008-2013, HEC has the objective to raise 100 millions euros funds in order to:
1) finance more scholarships to attract worldwide talent
2) recruit 50 more worldwide class professors in its faculty (most of them will be non French)
3) invest in the real estate (a new MBA building will be built by 2012, unfortunately for the 2010 intake students, we are not able to study in the new building)
For the moment, 40 millions euros funds have aleady been raised. This year, HEC has strengthened its MBA career services team by recruiting 3 new experienced professionals.
The fund raising aims to keep HEC competitive face to the most prestigious european MBA programs. The recent annual budget of HEC is 98 millions euros (150 millions for INSEAD and 140 millions for LBS). HEC aims to beat its competitors in 5 years in terms of the budget.
Generally speaking, each year about 50% students receive a scholarship. The earlier you apply, the more chance you have to get a scholarship. The average of a scholarship is around 10 k€. The criteria to grant a scholarship are based on the overall strength of the application of the candidate, so having a GMAT>700 does not guarantee you to have a scholarship; and with a GMAT<700, you will be granted a scholarship if the other parts of your application are excellent.