|Motto||La grande école de l'économie, de la statistique, de la finance et de l'assurance|
|Location||Malakoff, France, France|
|Nickname||member of ParisTech|
ENSAE ParisTech (officially École nationale de la statistique et de l'administration économique) is one of the French Grandes Ecoles of engineering and a member of ParisTech (Paris Institute of Technology).
It is one of France's top schools of economics and statistics and is directly attached to France's National Institute of Economic and Statistical Information (INSEE) and the French Ministry of Economy and Finance.
Students are given a proficient training both in economics and statistics and they can get specialized in macroeconomics, microeconomics, statistics or finance.
The ENSAE has the ability to train its students for the French actuary graduation (Institut des Actuaires).
The ENSAE was established in 1942 under the National Statistics Service (ancestor of the INSEE, National Institute of Statistics and Economic Studies) under the name of the School of Applied Statistics. In 1946, the creation of INSEE, the school took the name of INSEE Specialization School. At this time, the school led to two types of administrative career: "administrateur" (the highest managing level of the INSEE administration) and "attaché" (a lower level) civil servant executives. Early promotions included five or six "administrateurs" students five or six "attachés" students .
The decree of 2 November 1960 changed the name of the school into the National School of Statistics and Economic Administration. The number of students grew, and the curriculum opened to graduate students from Law Schools and Universities of Economics. The decree of 15 April 1971 clarified the administrative status and the objective of the school in the academic field, definitely making the ENSAE a Grande Ecole. The school moved to its current campus, at Malakoff Hauts de Seine, 1975.
In the 1980s, a system of scholarship was established to support doctoral studies. A research laboratory, the CREST (Center for Research in Economics and Statistics), was formed in 1988.
In 1994, the Department of training for "attachés", became a full-fledged school, the National School for Statistics and Analysis Areas information (ENSAI, relocated to Rennes). The "administrateurs" training stayed at the ENSAE where more and more students now choose to specialize in financial modeling and other new area of applied statistics such as biostatistics or marketing.
Included in the National Institute of Statistics and Economic Studies (INSEE) under the tutelage of Ministry of the Economy, Industry and Employment, ENSAE provides training for statisticians-economists, some of which are civil servants belonging to the Corps des Administrateurs de l'INSEE, a category of top level public managers in the French administration.
Economists and statisticians trained are intended to contribute to the economic research; former students hold positions within international organizations (UN, IMF, World Bank, European Commission,…) and French administration or other public institutions (Ministry of Economy, INSEE, CREST,…).
The school admits students from diverse backgrounds:
- Alumni of classes préparatoires (from scientific preparatory classes MP / MP *, but also business school preparatory classes ( "HEC math") and Humanities and Social Sciences preparatory classes (Khâgne BL)).
- Admission after a graduate degree (normaliens, polytechniciens students or other holders of Grandes écoles Master's degrees).
The institution is actually the only French Grande école to admit scientific, business and humanities students.
Since 2006 the school is accredited to deliver the title of "ingénieur" by the French Commission of Engineering Titles.
The specialization available during the last year.
- Actuarial Science
- Market Analysis & Corporate Finance
- Quantitative Finance
- Quantitative Methods & Social Sciences
- Forecasting & Economic Policy
The school has several partnerships and agreements with other academic institutions where students can complete their curriculum during their specialization year. A large and growing number of students chose to do such dual degree program in order to get an additional Master of Science, MBA or PhD degree from renowned institutions in the area of economics, finance or statistics: Harvard, Columbia, Humboldt University of Berlin, Universitat Pompeu Fabra, etc.
The ENSAE also has a partnership with Sciences Po Paris, allowing its students to pursue both curriculum at the same time and get an additional master's degree from Sciences Po. The agreement waives the students from passing the entry written examination.
ENSAE is member of ParisTech, the excellence engineering cluster gathering the best parisian Grandes Ecoles in each area of engineering: X, AgroParisTech, ENGREF, Ponts, ESPCI, Mines, ENSTA, ENSAM, Télécom Paris, Chimie ParisTech).
Former ENSAE graduates work in finance, management, consulting, economic analysis and research (in economics and statistics).
About 10% of the recent alumni work in the public sector, the remaining works in capital markets (25%), insurance (25%), consulting (15%) or other industry sectors.
Around 30% of them get a first job outside France, in particular in London and New York. They are hired by financial firms such as banks, insurers or hedge funds for their technical expertise in finance, mathematics, economics and statistics.
2006 graduates positions are as follows:
- 13% keep studying (research, Sciences Po, etc.)
- 53% work in finance insurance:
21% work in financial engineering
14% are traders
11% are actuaries
7% are portfolio managers
- 24% are work in market survey and consulting:
17% economic analysis
Since the ENSAE was founded, more than 5,000 statisticians economists have graduated.
Note that the abbreviation ENSAE also refers to SUPAERO, a grande école for aerospace engineering in Toulouse, France. In order to mark the difference between the two schools, ENSAE is sometimes called "ENSAE Malakoff" "ENSAE Paris" or ENSAE ParisTech", in reference to the city where it is located.
As a Grande Ecole, the ENSAE has a strong and organized alumni network. The "Association des Anciens de l'ENSAE" (ENSAE Alumni Association) manages the links between the different generations of graduates and help them at each stage of their career. The ENSAE Alumni Association is a member of ParisTech Alumni, manageurs.com and AAGEF. The current President of the association is Julien Guitard.
Here is a list of some of the most accomplished alumni. This illustrates perfectly the great diversity of positions held by its alumni both in the public and private sector.
- Antoine Paille (1977), founder of the Equity Derivatives Department of Société Générale Corporate & Investment Banking in 1980' see article here
- Jacqueline Aglietta (1965), CEO of Médiamétrie ;
- Michel Aglietta (1964), Economist ;
- Christian Gourieroux, Economist ;
- Patrick Artus (1975), Economist, Professor at École Polytechnique and Chief Economist at Natixis ;
- Alain Bensoussan (1965), member of the French Academy of Sciences, former Chairman of European Space Agency (ESA) Council, former President of the CNES, former President of the INRIA ;
- François Bourguignon, former Chief Economist of the World Bank, President of the Paris Graduate School of Economics ;
- Philippe Bouyoux (1982), Director of the Economic Policy, French Ministry of finance ;
- Jérôme Cazès (1977), CEO of Coface ;
- Eric Chaney (1988), Chief Economist (Morgan Stanley Europe) ;
- Paul Champsaur (1968), President of the French telecommunication regulation agency ARCEP ;
- Jean-Michel Charpin (1973), Economist, Director of the French National Institute of Economy l'INSEE ;
- Benoit Coeuré (1992), Director of Agence France Trésor, Professor at the École Polytechnique ;
- Alain Desrosières (1965), Sociologist
- Bruno Durieux (1969), former minister ;
- Pierre-Henri Flamand (1995), Global Head of Goldman Sachs Principal Strategies ;
- Philippe Khuong-Huu (1988), Co-founder of Alphadyne Asset Management;
- Henri Gagnaire (1987), Chairman, SVP ;
- Franck Goddio, underwater archaeologist;
- Michel Haski (1970), CEO of AGF Asset Management ;
- Philippe Herzog (1964), former European Deputy ;
- Jean-Jacques Laffont (1970), Economist ;
- Edmond Malinvaud (1948), Economist ;
- Jean-Louis Mathias (1973), EDF ;
- Gilles Michel (1979),former managing director of Citroën (PSA Peugeot Citroën) and managing director of the Fonds Strategiques d'Investissement (FSI) ;
- Jean-Claude Milleron (1963), Economist ;
- Hamza Ben Driss Ottmani (1973), Moroccan economist and writer ;
- Pierre-Michel Passy, President of Edmond de Rothschild Investment Partners ;
- Patrick Rey, Professor at the IDEI and at the École Polytechnique ;
- Bernard Salanié (1986), Economist, professor at the École Polytechnique and at Columbia University ;
- Christian Sautter (1965), former French Minister of Finances ;
- Claude Thélot (1970), former President of the Commission du débat national sur l'avenir de l'École ;
- Michel Volle (1965), Economist