Professional Documents
Culture Documents
Alexei Ovtchinnikov,
Associate Professor of
Finance and Academic
Director.
Ferdinand Petra,
Affiliate Professor of
Finance and Executive
Director in charge of
placement and corporate
relations.
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 highquality 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 2016. 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!
International Finance 3
#2
business
school
in Europe
#5
business
school
worldwide
4 400
,
students enrolled
in degree programs
50 000
#1
alumni of
107 nationalities
Pre-experience
Global Masters
in Finance
75
international
chapters
International Finance
136
64%
international
29
nationalities
International Finance
world-Class Faculty
HEC Paris has 136 full-time professors, including 105 research professors
all of them holding PhDs from the worlds leading research universities
such as Harvard, McGill, MIT, Princeton, Stanford, UCLA, Wharton, Yale,
INSEAD... 64% are non-French and are of 29 different nationalities.
successful professionals
In addition, there are 100 permanent affiliate professors, who are
generally prominent members of the business community.
HEC programs also benefit from the close ties that have been developed
with the business community over the years: skills seminars, consultancy
projects with leading firms, business games, case competitions, etc.
Research, the Essence of Management Science
HEC Paris faculty is dedicated to pushing the frontier of knowledge
by actively engaging in research, regular publications in top academic
journals with an international audience, and also through active
participation in international academic conferences. To promote the
abundance and variety of HEC publications, the school has recently
launched a dedicated website named Knowledge@HEC that gives everyone
access to the research published by HEC professors.
Moreover, HEC Paris has specialized research units focusing on
entrepreneurship (Entrepreneurship Center and Center for Digital
Studies), International Matters (the Europe Institute) and other themes
such as The Finance Club, The Alternative Management Observatory and
The Society and Organizations Research Center.
50%
of course work is
taught by researchers
50%
of course work
is taught by
practitioners
International Finance 7
connect with
future international leaders
85%
30
50%
of international
students
nationalities
europe
32%
11%
asia
america
7%
Average age:
23
Rest of
the world
710
(class of 2015)
International Finance
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 companies and the exit opportunities
MIF has to offer are beyond compare.
~30%
of women
a wealth of assets
Roscoe Sun,
MIF class of 2015 (Bachelor
degree from London School
of Economics)
10
International Finance
general overview
Our 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.
10
months
90
ECTS credits
100%
in english
International Finance 11
September
January
April
June
core courses
elective courses
certificate
Professional experience
12
International Finance
X Derivatives trading
F
International Macroeconomics
Introduction to Finance
Mergers and Acquisitions
Security Markets:
Mechanisms, Liquidity and
Investment Decisions
Soft Skills Seminar
Structured Finance
Taxation.
Electives
(130-160 hours)
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
professional Thesis
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 cuttingedge research is being implemented
in the daily practice of finance in a
highly competitive environment.
professional experience
The professional experience
requirement is satisfied when the
student completes a professional
experience of at least 4 months in
fields related to their 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! We strongly encourage
our students to look for permanent
hiring as soon as the academic year
starts.
International Finance 13
15
ects credits
14
International Finance
Social Business
Chaired by Danone, Schneider Electric and Renault
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.
Innovation Management in Aviation & Aerospace
Chaired by 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.
~100
contact hours
Leadership
Chaired by Pernod Ricard
The objectives of the Leadership Certificate is to help students find
their leadership identity and test their skills across cultures under the
savoir-relier protocol. Students will challenge and experience strategic
leadership from a Personal, Interpersonal, Organizational and Social
perspective.
Mergers & Acquisitions
Positions in Mergers and Acquisitions are among the leading job
opportunities for HEC graduates. The M&A certificate will bring students a
multidisciplinary understanding of the sector (finance, strategy, legal, tax,
HR), which will help them make a difference in their career, as they will
have both a clearer view of the global picture behind financial operations
and a deeper understanding of these financial operations.
Advanced Management
This certificate makes it possible for students to choose several advanced
courses among the following electives:
Communication, Culture and Leadership
Country Risk Analysis: Emerging Asia
Geopolitical Analysis
Global Financial Services
Intellectual Capital, Intangible Assets and Link With Sustainable Development
International Financial Management
Performing in Organizations
Strategy and Sustainable Development
Sustainable Procurement
Value Proposition, Business Models & Business Plan.
International Finance 15
Ioanid Rosu,
Associate Professor, HEC Paris
16
International Finance
International Finance 17
22 000
,
job/internship
opportunities
250
companies recruit
on campus every year
17
chairs and
centers
18
International Finance
examples of companies
attending international
finance and consulting career
fairs:
Accuracy
Accenture
Arthur D. Little
AT Kearney
Axa
Bain & Company
Barclays Capital
Bearingpoint
Beijaflore
Blackstone
BNP Paribas
Citi
Crdit Suisse
CSC
Deloitte
Deutsche Bank
Ernst & Young
Exane
Goldman Sachs
HSBC
Jefferies
JP Morgan
KPMG
Lazard
Lek Consulting
McKinsey & Company
Merril Lynch Bank of America
Morgan Stanley
Nomura International
Oliver Wyman
PwC
Roland Berger Strategy
Consultants
Rothschild
Schlumberger Business Consulting
Socit Gnrale
The Boston Consulting Group
UBS
...
International Finance 19
career opportunities
100%
found employment
within 3 months1
after course completion
63%
received between
2 and 5 job offers1
23%
consulting
6%
71%
functions
financial
services
other
salary after
3 years2:
90K$
52%
4%
united
states
13%
france
united
kingdom
19%
5%
china
other EUropean
Countries
(Germany, Switzerland,
Russia, etc.)
7%
other
(1) Annual employment surveys carried out 2014 graduates.
20
International Finance
(2) Results of the 2014 Financial Times independent survey of pre-experience HEC MIF alumni
3 years after graduation
Veralene Tan
(Class of 2012),
Investment
Banking Analyst,
RBC Capital Markets
J.P. Morgan
McKinsey & Company
Morgan Stanley
PwC
Roland Berger Strategy
Consultants
Rothschild
Royal Bank of Scotland
Socit Gnrale
UBS
...
340
acre wooded
campus
130
clubs and
associations
95
nationalities
on campus
Located close to Paris (20 km) and Versailles, the HEC campus is
one of the largest in Europe. It is also 20 km from La Dfense, 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, 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 Society
HEC 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 Union
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 Competitions
HEC 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
2
10,000 m 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.
22
International Finance
Social Networks:
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www.linkedin.com/company/
hec-paris-masters-programs
www.facebook.com/HEC