ESSEC Business School

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ESSEC Business School
École Supérieure des Sciences Économiques et Commerciales
ESSEC Logo.svg
Former names
Institut Économique
Motto Pioneering spirit
Established 1907
Type Business school
President Jean-Michel Blanquer
Academic staff
145
Students 5,200
Location France (Cergy and La Défense), Singapore
Campus Urban
Athletics 12 Varsity teams
Website www.essec.edu

ESSEC is a business school located in France (Cergy-Pontoise, 30 km west of Paris, and La Défense) and in Singapore. It was created in 1907 and is one of the foremost Grandes Ecoles in France.

ESSEC offers Master's degree programs in Management and Finance, MBA, Executive MBA, PhD, Bachelor programs and a broad variety of specialized masters. It has a student body of approximately 5,200 people, an alumni network of 46,000 people, and a faculty of 145 professors.

ESSEC is recognized as one of the leading business schools in the world. It was the first business school outside of North America to be accredited by the prestigious AACSB in 1997. Its Master of Science in Management program (Grande Ecole) was ranked 3rd worldwide by the Financial Times in 2014,[1] while its Master in Finance was ranked 2nd worldwide in 2013.[2] In 2014, ESSEC ranks 2nd in France in national rankings,[3][4][5] and 15th in Europe in Financial Times ranking of European business schools, which ranks ESSEC as 5th in France.[6] Its Bachelor program (Global BBA) ranked 1st in France in 2015 for the 7th consecutive year.[7][8]

Institution[edit]

ESSEC Programs Overview[edit]

ESSEC campus in Cergy, France
ESSEC campus in La Défense, France, inside the CNIT building
ESSEC campus in Singapore

Accreditations[edit]

  • International Accreditations:

In 1997, ESSEC became the first business school outside of North America to be accredited by the AACSB (Association to Advance Collegiate Schools of Business).

In 2003, ESSEC also received accreditation for all its programs from EQUIS (European Quality Improvement System).

  • National Accreditation:

ESSEC is accredited by the French Ministry of Education.

Rankings[edit]

  • ESSEC MSc in Management ("Grande École"):

The “Top 70 Masters in Management Programs” annual ranking published in September 2014 by the Financial Times ranked ESSEC Business School’s Master in Management 3rd worldwide in its overall global ranking.[1]

In France, ESSEC Business School was ranked 1st for recognition by companies and 2nd for academic excellence by L'Etudiant in 2012 and 2011. ESSEC is usually ranked 2nd in other national rankings by Le Nouvel Economiste in 2010 and 2009,[9] by Le Figaro in 2011, 2010 and 2009. ESSEC has consistently been ranked 2nd by SIGEM,[10] which is the automated procedure to enter admission preferences of French students after exam.

  • Global BBA (Bachelor in Business Administration): ranked 1st Bachelor in international business among French Business Schools in 2015 by Le Point for the 7th consecutive year.[3]
  • Advanced Master in Financial Techniques: ranked 2nd worldwide within the 2012 "World Top 35 Global Masters in Finance" ranking issued by the Financial Times.
  • Advanced Master in Strategy and Management of International Business: ranked 1st for seven consecutive years in France[11] in addition of being ranked 5th in the Financial Times 2009 Masters in Management ranking.[12]
  • Advanced Master in Logistics and Supply Chain Management: ranked 2nd in 2011[13] and generally among the 3 best master in France.
  • Executive Education: ranked 7th in the world by the Financial Times in 2012 for open programs,[14] ranked 8th in the world by the Financial Times in 2011 and 10th in 2010,[15] 1st in France and 4th in Europe for open enrolment programs.

Programs[edit]

Master of Science in Management[edit]

First ESSEC Graduates, class of 1909.
Lycée Louis-le-Grand classe préparatoire students are one of ESSEC major sources of students each year

ESSEC's postgraduate programme is its Master of Science in Management, designed for students with no professional experience (instead of managers with 3–5 years of experience like US or UK MBA programs). It was ranked 3rd Master of Science in Management in the world by the Financial Times in 2014.[1]

Admission process[edit]

The ESSEC MSc in Management is designed for candidates under 32 years of age who have completed French preparatory classes and passed a very competitive entrance examination known as the concours, or have a university degree.

Students from classe préparatoire will basically spend 2 to 3 years after Baccalauréat only to prepare for the national entrance examination of Grandes Ecoles which includes a written part (lasting 3 weeks) as well as an oral part (1 to 4 days for each Grande Ecole).[16] It is commonly considered as the most prestigious path after High School in France (only 5% of a generation will be admitted to a prépa) with Law and Medecine, and consists in intensive courses in Mathematics, History and Geography, Economy, Literature, Philosophy, and 2 foreign languages. In 2012, among more than 9 500 students enrolled in classe préparatoire, 4 927 applied to ESSEC concours (considered as one of the most difficult), only 842 were invited to oral examination and 365 were eventually admitted.[17]

Curriculum[edit]

The diploma is only delivered upon completion of a given number of courses, months spent abroad and internships.

After one year learning fundamental courses (for students coming from classes préparatoires) and a completion of 8 core courses, students can choose and structure their own curriculum - ESSEC was the first French institution to offer an à la carte program - whether following courses at ESSEC or at a partner institution, going abroad or focusing on an associative project... etc., the teaching method being to help students understand and decide themselves what kind of career they truly want to pursue.

For example, students can choose to spend a semester abroad in one of ESSEC partner institutions : Berkeley University, University of Chicago, Dartmouth College, Cornell University, Peking University, Tsinghua University, Seoul National University, Keio University, National University of Singapore, IIM Ahmedabad, IE Business School, University of Mannheim, among many others.[18] They can also do a dual degree program with more than 15 institutions in France and abroad, which will enable them to get both diploma.[19]

Another example and specificity of ESSEC is that it offers its students the opportunity to do an apprenticeship within a company, which will cover 100% of the tuition fees.[20] Around 30% of students will choose to do a 2-year apprenticeship within a company (2 x 6 months spent in the company and the other half at school, 4 x 3 months or on a weekly basis, depending on how they decided to structure their curriculum).

After ESSEC[edit]

In 2012, 60% of ESSEC MSc in Management graduates found a job before graduation[21] (the percentage goes up to 95% 6 months after graduation), with an average annual salary equal to $77,450.[1] It has been ranked joint first in 2015 for salary among French business schools by Le Point.[22] According to a survey published by Emolument in 2014, ESSEC graduates working as finance analyst in London earn on average more than graduates from Oxford University or Cambridge University (respectively €89,000 against €86,000 and €84,000).[23]

ESSEC graduates were hired in the following companies, among others: Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, McKinsey & Company, The Boston Consulting Group, Bain & Company, L'Oréal, Procter & Gamble, Amazon.com, Google, etc.[21]

In Choiseul's 2015 French top 100 executives under 40 ranking, 16 graduated from ESSEC,[24] the highest number among all French Business schools.

Global BBA (Bachelor in Business Administration)[edit]

The undergraduate program was initially created in 1975 by ESSEC Group to prepare students to meet the needs of French firms launching operations on the international market.

The Bachelor in Business Administration offers a program designed for high-achieving undergraduates who plan to pursue an international career. The BBA is the world standard in the field. The ESSEC BBA is the first post-secondary program in France to obtain AACSB and Equis accreditations.

With a network of top-tier international partners, the ESSEC Global BBA offers its students the best international opportunities. At the end of the program, each student will have completed a minimum of 12 months of coursework abroad (each student will do 2 exchange programs abroad), a one month humanitorian project and between 11 and 18 months of professional experience, which may also take place abroad.

The program was ranked 1st among French Business schools in 2015 by Le Point for the 7th consecutive year.[3]

ESSEC M.S. Advanced Masters[edit]

The Advanced Master’s degrees are accredited by the “Conférence des Grandes Ecoles” in France. These programs are short, intensive, professional, and specialized to allow students finishing their studies or young professionals to complete their initial training (usually scientific or engineering) by acquiring complementary expertise fully recognized in the market. To follow these programs, students must speak French fluently. Some of them are now entirely taught in English. One of ESSEC's advanced masters, the M.S. Strategy and Management of International Business was ranked 5th in the Financial Times 2009 Masters in Management ranking in addition of being ranked 1st for seven consecutive years in France.

List of ESSEC M.S. Advanced Masters Programs:

Admission to ESSEC Advanced Masters programs Students applying for the "ESSEC M.S. Advanced Masters" Programs can choose to take either Graduate Management Admissions Test (GMAT) or the French equivalent Tage Mage in addition to specific language examinations such as TOEFL or IELTS for English and TEF for French.

MBA in Hospitality Management (IMHI)[edit]

The "Institut de Management Hotelier International"'s MBA in International Hospitality Management, originally a joint-degree between ESSEC and Cornell (although it is now only operated by ESSEC), prepares future managers:

– to work in functional specialties or senior operational positions of leading international hospitality management organizations such as hotel chains, restaurant chains, contract food services, theme parks, recreational complexes, and allied travel and service companies.

– to reach the higher levels of management in independently owned hotels, resort developments, consulting activities (project development, market research, quality assurance, asset valuation), retirement communities, product sales (equipment, food, hardware and software), and family and entrepreneurial businesses.

It is one of the most recognized Hospitality Management programs in the world.

MBA in International Luxury Brand Management[edit]

Since its foundation in 1995, the MBA specialized in Luxury Brand Management has become a global reference in graduate education in the luxury industry. Thanks to partnerships with leading brands and institutions, the ESSEC MBA Luxe trains a new breed of managers at the heart of the ever-changing luxury sector.

Global MBA[edit]

The Global MBA at ESSEC Business School is a 12 month, full-time MBA program with an emphasis on emerging markets and experiential learning preparing post-experience students for an international career. Students spend a term on ESSEC's Singapore campus, participate in a field trip to an emerging market, and culminate their degree program with the International Immersion Project, a month-long consulting project sponsored by a company that takes place in an emerging market. Graduates of the program have gone into various management and consulting roles, many now working outside of their country of origin.

PhD in Business Administration[edit]

The PhD trains future professors, researchers and consultants at the highest international level. The goal is to prepare students not only to master methodologies, but also to advance knowledge and play an active role in the international academic community. Before starting their dissertation work, students must follow a two-year program of courses and seminars that ends with Preliminary Examinations and a Dissertation Proposal. The curriculum starts with an intensive period of interdisciplinary training common to all students. This is followed by rigorous research training for the chosen field of specialization.

ESSEC Executive Education[edit]

More than 5000 managers participate in ESSEC Exec Ed programs every year, primarily at La Défense campus, located in the heart of Paris’ financial district, but also at ESSEC’s Singapore campus and at ESSEC’s partner institutions – located on all continents - throughout the world.

ESSEC & Mannheim Executive MBA[edit]

ESSEC and Mannheim Business School launched their common Executive MBA Program in 2004. Building on the excellent reputation as one of the first established Executive MBAs in Europe by ESSEC since 1994 several tracks are proposed: "Week-end", either in Paris (in English and French) or in Mannheim (in English) or "Modular" with modules in Mannheim, Paris and various other locations worldwide. EQUIS[25] and AACSB[26] accredited program.

Graduates have access to the alumni organisation of both schools.

ESSEC Executive MBA Asia-Pacific[edit]

Launched in Singapore in October 2014, the ESSEC Executive MBA Asia-Pacific is a modular programme designed to address the ever-changing demands on senior management operating in the Asia-Pacific region. With residencies in China and USA, the programme aims to provide participants exposure to an excellent global network of contacts and new insights from a strong faculty team to support them in developing their vision and strategy for Asia. "

Executive Master in Strategy & Management of International Business[edit]

Professionals working or wishing to work internationally in the following fields: commercial (business engineer, import/export manager, etc.), financial (financial engineer, business analyst, etc.), marketing (international product manager, marketing manager, research manager, etc.), consulting (risk-management consulting, international development consulting, etc.), management (office manager, foreign subsidiary manager, project manager, etc.).

Advanced Management Programs et General Management Programs[edit]

Advanced Management Programs:

  • The Business of Luxury [27]
  • Global Media Strategies in the New World Economy [28]

General Management Program:

  • Hospitality Management

Executive workshops in Singapore: Addressing a wide range of topical and intriguing issues, the series is designed on a modular structure that allows the combination of separate workshops in a consistent path to fit specific needs of the individual. A certification may be obtained after the successful completion of three different modules.[29]

International Orientation[edit]

ESSEC's campus in Singapore[edit]

In 2006, ESSEC set up a campus in Singapore. For Master students, this program lasts 3 to 6 months and focuses on Asian business issues in the areas of finance, marketing and business strategy. The campus is located on the 9th and 13th floors of the National Library.

In 2014, ESSEC built a new campus in Singapore located in One North, a strategic area regrouping universities (such as the National University of Singapore), incubators (such as Block 71) and high-tech companies. The construction phase began in February 2013 and ended in December 2014. This new campus enables the school to triple the student body and staff in Asia.

ESSEC's international partnerships[edit]

ESSEC partner University of Chicago's Harper Library

ESSEC has developed partnerships with top universities all over the world for exchange and double degree programs, including Berkeley University, University of Chicago, Dartmouth College, Cornell University, Peking University, Tsinghua University, Seoul National University, Keio University, National University of Singapore, IIM Ahmedabad, IE Business School, University of Mannheim, Fundação Getúlio Vargas' EAESP, among many others.

Together with Tuck School of Business at Dartmouth, Keio Business School in Tokyo, the School of Management of Fudan University in Shanghai, the Fundação Getúlio Varga in Brazil and the Business School of the University of Mannheim in Germany, ESSEC forged an alliance of leading business schools from all parts of the world in 2010 called "Council on Business and Society". The Council on Business & Society convenes a biennial forum that combines the expertise of faculty members from each of the partner schools with that of representatives of business, government, and non-governmental organizations from around the world. The inaugural forum, held in Paris in November 2012, focused on Corporate Governance and Leadership. The 2014 forum was hosted by Keio Business School in Tokyo and focused on Health Care Delivery. The next edition will be hosted by Dartmouth in Boston and will focus on energy and environment.

International Aspects of The Community[edit]

30% of ESSEC professors come from outside of France. The ESSEC community of 5,200 students includes about 1,200 foreign students, representing over 70 nationalities.

Several student clubs unite people from same countries to promote their culture at ESSEC. Such clubs include "ESSEC India", "ESSEC Liban" (Lebanon), "ESSEC Chine" (China), and many more.

Clubs such as "Melt" or "World Wide Welcome" promote interaction between people from different countries, by organizing welcome parties for incoming international students, and various social events along that line.

Student societies[edit]

French President Francois Hollande at Les Mardis de l'ESSEC in 2011
Trip to the Loire valley and visit of Chambord Chateau with international Master students, organized by Melt and Polo Marco

There are more than 100 student clubs at ESSEC—sports-related, entrepreneurial, humanitarian, and cultural. They include:

  • Junior ESSEC Conseil: France's leading student consulting association. It provides companies with market studies, internal auditing, communication strategies evaluations, and more. Its revenue stands at €1,5 million/year, through about 250 missions per year;
  • Les Mardis de l'ESSEC: The first and foremost student forum in France. Since 1961, the society organizes discussions with leading public figures from the political, cultural, economical and civil spheres. Participants have included current (and former) heads-of-state and ministers, as well as foremost intellectual leaders, and major businessmen and women;
  • Melt: Melt is a student association that aims to bring together international students (more than 900) and ESSEC students in order to encourage and develop intercultural relations on campus. It organizes various activities for international students throughout the year;
  • International student societies such as ESSEC China, ESSEC India, ESSEC Morroco, ESSEC Africa, ESSEC Korea, ESSEC Lebanon, ESSEC Japan, etc.
  • Polo Marco: Polo Marco organizes each year several trips for students in European metropoles (such as Amsterdam, London, Barcelona...) at a very competitive price
  • ESSEC Transaction: the finance club of ESSEC Business School. The organization promotes finance related activities and careers throughout the students community (corporate conferences, day of careers in finance, trading game and formations to Bloomberg and Reuters...). It also has an investment club, which aims at managing an equity portfolio.
  • BDS (Bureau des Sports): sport association at ESSEC, offering more than 15 different sport courses and organizing each year the T5B tournament (literally Tournoi des 5 Ballons), largest student sport tournament in Europe gathering more than 800 people from all over the world
  • Foyer des élèves (Foy's): Founded in 1973, the Foy's is a student-run pub located at the Cergy-Pontoise campus. It serves ESSEC students from noon to midnight, offering fresh sandwiches for lunch and a wide variety of drinks all day long. In addition to every day operations, the "Foy's" also organizes many themed parties.
  • RACE: Founded in 1991, RACE (Racing Automobile Club Essec) organizes, among other major events, the biggest student go-karts trophy in Europe, the "24 heures Karting Essec";
  • Reve FM: The school's student-run radio that produces various podcasts (talk-show, music, soccer, political, cinema, etc.) and records each year a 24-hour-long crazy broadcast;
  • AVE: AVE is the video ESSEC association. Their main purpose is to film life on campus, to edit 50 minute long video news report with the main events of the last 3 months and to broadcast it in front of all the students. Those compromising videos are often dreaded by most student.
  • Shamrock : The school's musical association that organizes concerts, and each year a musical festival in Paris ;
  • PAO Bang : A professional student-run graphic design agency that creates logos, posters and webdesign for other clubs and external businesses;
  • ESSEClive: ESSEC's community website, the first student website in France (by number of visits);
  • Essec & Bab: Founded in 2009, Essec & Bab aims at bringing Cergy closer to the students by offering a yearly city-guide and proposing different on-campus events related to the city.
  • EDI (ESSEC Développement International): Founded in 1996, this humanitarian association carries out various development projects in Latin America: microcredit, scholarships, renovation of ancient paths,...
  • Elyxir : The oenology student club at Essec. Elyxir organizes wine tasting sessions and Week-end in Wine producing areas.
  • Net Impact ESSEC: The ESSEC Chapter of the San Francisco based Net Impact. This Chapter instills responsible leadership skills among its members through on and off campus activities, often under the mentorship of senior members and alumni;

Notable alumni[edit]

With a current network of more than 46,000 alumni,[30] ESSEC is one of the most influential business institution in France. Among former students, many have reached top positions in the business world,-including in Fortune 500 companies-, and in politics.

The following list is non exhaustive

References[edit]

  1. ^ a b c d "Business school rankings from the Financial Times - FT.com". Rankings.ft.com. Retrieved 2015-03-30. 
  2. ^ "Business school rankings from the Financial Times - FT.com". Rankings.ft.com. 2014-11-05. Retrieved 2015-03-30. 
  3. ^ a b c "Grandes écoles de commerce : le palmarès 2015 - Le Point". Lepoint.fr. Retrieved 2015-03-30. 
  4. ^ "Classement écoles de commerce - Classement écoles - Ecoles - Le Parisien Etudiant". Etudiant.aujourdhui.fr. 2014-11-14. Retrieved 2015-03-30. 
  5. ^ Emmanuel Personne (2014-12-16). "Palmarès Le Figaro 2014 des écoles de commerce". Studyramagrandesecoles.com. Retrieved 2015-03-30. 
  6. ^ "Business school rankings from the Financial Times". Rankings.ft.com. 2014-11-05. Retrieved 2015-03-30. 
  7. ^ http://www.lepoint.fr/grandes-ecoles-de-commerce/grandes-ecoles-de-commerce-le-palmares-2015-11-02-2015-1904109_123.php
  8. ^ http://www.essecalumni.com/en/actualites-dessec-alumni-en/le-point-magazine-top-french-business-school-ranking-2015/
  9. ^ "Classement 2009 des ESC - Choix des DRH - Nouvel Economiste - prepa-HEC.org - ESC, prépa HEC, classements et concours depuis 1999". prepa-HEC.org. Retrieved 2015-03-30. 
  10. ^ "Classement SIGEM des écoles de commerce". Bloom6.free.fr. Retrieved 2015-03-30. 
  11. ^ Navin Caleechurn. "Classement master Management International, TOP 20 2015 des masters Management International". Meilleurs-masters.com. Retrieved 2015-03-30. 
  12. ^ "Business school rankings from the Financial Times - FT.com". Rankings.ft.com. Retrieved 2015-03-30. 
  13. ^ Navin Caleechurn. "Classement master Logistique, TOP 20 2015 des masters Logistique". Meilleurs-masters.com. Retrieved 2015-03-30. 
  14. ^ "Business school rankings from the Financial Times - FT.com". Rankings.ft.com. 2014-11-05. Retrieved 2015-03-30. 
  15. ^ "Annual Financial Times Ranking : ESSEC Executive Education N°10 in the world and N°1 in France - Essec". Essec.edu. 2010-05-10. Retrieved 2015-03-30. 
  16. ^ Cécile Peltier, Géraldine Dauvergne (2013-04-05). "Ecoles de commerce : tous les concours après prépa à la loupe". Letudiant.fr. Retrieved 2015-03-30. 
  17. ^ "IV - Statistiques Des Admissions" (PDF). Essec-prepas.com. Retrieved 2015-03-30. 
  18. ^ "Partenaires d'echanges internationaux" (PDF). Essec.fr. Retrieved 2015-03-30. 
  19. ^ "Exchanges / Double degree programs - Essec". Essec.edu. 2015-03-25. Retrieved 2015-03-30. 
  20. ^ "L’apprentissage à l’ESSEC : une filière à la pointe des préoccupations métiers et sociétales". Journal des Grandes Ecoles. Retrieved 2015-03-30. 
  21. ^ a b "ESSEC Grande Ecole" (PDF). Essec.fr. Retrieved 2015-03-30. 
  22. ^ "Grandes écoles de commerce : le palmarès 2015 - Le Point". Lepoint.fr. Retrieved 2015-03-30. 
  23. ^ "Les diplômés d’HEC et de l’Essec mieux payés à la City de Londres que ceux d’Oxford - Le Figaro Étudiant". Etudiant.lefigaro.fr. Retrieved 2015-03-30. 
  24. ^ "2015 : Choiseul 100" (PDF). Choiseul.info. Retrieved 2015-03-30. 
  25. ^ [1][dead link]
  26. ^ [2][dead link]
  27. ^ "Advanced Management Program - The Business of Luxury - ESSEC Executive Education". Executive-education.essec.edu. Retrieved 2015-03-30. 
  28. ^ [3][dead link]
  29. ^ "Executive education workshops and programs (management, marketing, inn - Essec". Essec.edu. 2014-12-26. Retrieved 2015-03-30. 
  30. ^ "Association des diplômés du Groupe ESSEC (ADGE) et MDE – Essec". ESSECalumni.com. 2012-12-03. Retrieved 2015-03-30. 

External links[edit]

Coordinates: 49°01′59″N 2°04′40″E / 49.03306°N 2.07778°E / 49.03306; 2.07778

[1]

  1. ^ http://www.eatfoodcourtcergy.co.uk