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HEC Adds To Wealth Of Financial Training Choice Since Crisis

The French business school plans to run a dual degree to equip students for the radically altered financial sector.

Tue Sep 16 2014

BusinessBecause
HEC Paris last week launched a new dual degree finance program to help equip students for careers in a financial services sector which has been radically altered since the global financial crisis.

The MBA-MSc in International Finance allows students to complete both a 16-month MBA and a 10-month Master in Finance in a total of 20 months. Dual degree students will receive both an MBA and an MSc in International Finance upon completion of the program.

“The financial crisis has challenged business schools to find new ways to equip their graduates with the right set of knowledge, skills and values,” says Jacques Olivier, program director.

The French business school has designed the MBA-MIF dual degree for young professionals. It is targeting those who wish to acquire the general management education and leadership skills associated with an MBA program, but also advanced technical knowledge in finance.

Many European business schools have launched new finance-specific MBA and master’s programs in light of the financial crisis.

HEC hopes it will differentiate MBA-MIF graduates from their peers.

“This unique combination will allow dual degree students to fast-track [into] senior management positions within finance and consulting,” Jacques says.

HEC will hope to draw on the strengths of two of its flagship business education programs – the full-time MBA and the MIF. The MBA is ranked within the top-25 of global MBA rankings, while the Master’s degree has been ranked first globally for the past four consecutive years.

The MBA-MIF program will allow for a double specialization in finance with the MIF, and in strategy, entrepreneurship or leadership with the MBA. The course will cater for a range of experience levels – students will learn early intensive training in finance, but those with experience in finance start accounting and finance classes at an advanced level.

Students will also have to write a professional thesis, which will explore how research is being implemented in the daily practice of finance in a highly competitive environment.

All courses on the MBA-MIF program will be offered in the English language. However, the school says that some knowledge of French can be useful to enjoy the “full HEC experience”.

But students will be required to speak at least one language other than English at an intermediate level upon graduation. French classes are offered during the year, as well as a preparatory intensive French course which is taught in August.

HEC hopes the degree will optimize networking opportunities both within the more senior MBA cohort and the typically younger MIF cohort.

It is expected that the first intake will blend the profiles of both of these cohorts – the median age of the 2014 MBA class is 30, while the median age of this year’s MIF class is 23. Both cohorts have a median GMAT score of about 700. The percentage of international students in these classes is high – between roughly 70% and 85%.

FT rankings data show that an average salary for an MIF – which is a pre-experience program – graduate is about $91,000. MBA graduates net about $120,000. Most MIF graduates seek placements in the financial sector, in areas including asset management, M&A and private equity.

The MBA-MIF program prospectus suggests applicants are required to: hold a Bachelor or Master’s degree from a Tier-1 international institution with 2:1 honours or above; will have at least two years of full-time, post-graduation, work experience by August 2015; are fluent in English; and have a strong quantitative background.

For more experienced candidates, the Business Track will require prior training in financial accounting, corporate finance, investments, business statistics and calculus.

Successful candidates need to be admitted by both the HEC MBA and by the HEC MIF.

Tuition fees for 2015-2017 are €64,000. The first application deadline is November 5, 2014.

For more information, visit: http://www.mba.hec.edu/Dual-Degrees/Academics/Program-Structure

Student Reviews

HEC Paris

Student

Verified

7/07/2022

On Campus

Cultural experience

I have met the most competent and diverse batch in this school. These people not only thrive on their own but also makes sure that you are doing it with them. The professors will take your had and walk you through all milestones and make sure you are not left behind. I have found their extracurriculars extremely engaging. There was always a room to have social life after academic life. The only hindrance is the location of the school, it is slightly outside city and living in city is expensive.

Sarah

Verified

18/03/2022

On Campus

Internationality and diversity of opportunities

About my programme I would say it is very international and flexible: we have the opportunity to choose exactly the courses we want. But at the same time, the frame of the campus is crucial in students' life and enable us to create friendships.

Student

Verified

29/10/2021

On Campus

Great selection of people

While HEC's MBA is highly selective, I really enjoy the type of people HEC's selects to make sure everybody gets the best out of their MBA experience and networking opportunities. Not only it's an incredibly diverse pool of people (~60 nationalities) but most importantly they make sure to let in friendly empathic and curious people.

Veronique

Verified

28/10/2021

Blended

Best in France for Grande ecole

A prestigious business school. Languages ​​are important. It is better to have a scientific baccalaureate with excellent grades in high school and good assessments. The courses are well designed as per the latest trends and practicality of learning in stressed upon. Overall, a very good experience.

Ghadi

Verified

11/06/2022

On Campus

Diversity and quality of fellow students

Very international and interesting place to be and opens a lot of opportunities, however the administration is very french and facilities are subpar (gym, classrooms) meaning the academic affairs is pretty much useless and lastly we are graded on a curve which can create a toxic environment because of the competition. With that being said the pros outweighs the cons by far.

Student

Verified

27/03/2022

On Campus

The quality of the teachers, the campus, the clubs

The school is very international indeed, we have courses with international students and share things with them within the extra academic life (in the social clubs especially). We have great career prospects if we prepare ourselves well - however, the global curriculum is still very finance-oriented, which is a pity for other interesting domains of the company world, which does not rely on finance only. The social clubs are good practice for the management and for now, are quite independent.

Lb

Verified

26/03/2022

On Campus

HEC Paris awaits you

HEC Paris is really a nice place to do a master's in business. Many classes are useful and interesting (corporate finance, financial accounting, contract law…), some are less - but the curriculum is to be reviewed in the year to come. Regarding the student life, it is incredible, with about 130 clubs, lots of great parties with even greater people. The Jouy campus offers a lot of opportunities to do sports, and you can breathe fresh air every day. HEC also helps a great deal to find an internship or a job.

Rajarshi

Verified

28/10/2021

Blended

A dream institute

Enrolling in the HEC MBA was by far the best decision I made for myself. The people and faculty are great, with lots of opportunities to meet people and expand your horizons. Very nice campus where I have had some good running sessions. The alumni network is superb and very helpful. It also has a good support system for entrepreneurs. Would definitely recommend it!

Student

Verified

19/10/2021

On Campus

Good choice for a career boost

The classes were extremely practical and relevant to the current challenges that businesses are facing. You have access to a wide range of professionals and good career prospects once you leave the university.

Student

Verified

7/07/2022

On Campus

Cultural experience

I have met the most competent and diverse batch in this school. These people not only thrive on their own but also makes sure that you are doing it with them. The professors will take your had and walk you through all milestones and make sure you are not left behind. I have found their extracurriculars extremely engaging. There was always a room to have social life after academic life. The only hindrance is the location of the school, it is slightly outside city and living in city is expensive.

Sarah

Verified

18/03/2022

On Campus

Internationality and diversity of opportunities

About my programme I would say it is very international and flexible: we have the opportunity to choose exactly the courses we want. But at the same time, the frame of the campus is crucial in students' life and enable us to create friendships.

Student

Verified

29/10/2021

On Campus

Great selection of people

While HEC's MBA is highly selective, I really enjoy the type of people HEC's selects to make sure everybody gets the best out of their MBA experience and networking opportunities. Not only it's an incredibly diverse pool of people (~60 nationalities) but most importantly they make sure to let in friendly empathic and curious people.

Veronique

Verified

28/10/2021

Blended

Best in France for Grande ecole

A prestigious business school. Languages ​​are important. It is better to have a scientific baccalaureate with excellent grades in high school and good assessments. The courses are well designed as per the latest trends and practicality of learning in stressed upon. Overall, a very good experience.

Ghadi

Verified

11/06/2022

On Campus

Diversity and quality of fellow students

Very international and interesting place to be and opens a lot of opportunities, however the administration is very french and facilities are subpar (gym, classrooms) meaning the academic affairs is pretty much useless and lastly we are graded on a curve which can create a toxic environment because of the competition. With that being said the pros outweighs the cons by far.

Student

Verified

27/03/2022

On Campus

The quality of the teachers, the campus, the clubs

The school is very international indeed, we have courses with international students and share things with them within the extra academic life (in the social clubs especially). We have great career prospects if we prepare ourselves well - however, the global curriculum is still very finance-oriented, which is a pity for other interesting domains of the company world, which does not rely on finance only. The social clubs are good practice for the management and for now, are quite independent.

Lb

Verified

26/03/2022

On Campus

HEC Paris awaits you

HEC Paris is really a nice place to do a master's in business. Many classes are useful and interesting (corporate finance, financial accounting, contract law…), some are less - but the curriculum is to be reviewed in the year to come. Regarding the student life, it is incredible, with about 130 clubs, lots of great parties with even greater people. The Jouy campus offers a lot of opportunities to do sports, and you can breathe fresh air every day. HEC also helps a great deal to find an internship or a job.

Rajarshi

Verified

28/10/2021

Blended

A dream institute

Enrolling in the HEC MBA was by far the best decision I made for myself. The people and faculty are great, with lots of opportunities to meet people and expand your horizons. Very nice campus where I have had some good running sessions. The alumni network is superb and very helpful. It also has a good support system for entrepreneurs. Would definitely recommend it!

Student

Verified

19/10/2021

On Campus

Good choice for a career boost

The classes were extremely practical and relevant to the current challenges that businesses are facing. You have access to a wide range of professionals and good career prospects once you leave the university.

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