This_is_HEC_mai2012.pdf

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1 This is HEC Paris Page 2 A unique program portfolio Page 10 A place to live Page 12 Cutting-edge faculty and research Page 14 Privileged corporate relationships Page 24 HEC Alumni Association Page 28 International reach Page 32 Social awareness Page 36 Entrepreneurship Page 40 The Campaign 2008-2013 Page 44 A place where leaders speak Page 47 Highlights from 2010-2011 Page 50 Contents

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HEC brochure

Transcript of This_is_HEC_mai2012.pdf

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This is HEC Paris

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A unique programportfolio

Page 10

A place to live

Page 12

Cutting-edge facultyand research

Page 14

Privileged corporaterelationships

Page 24

HEC AlumniAssociation

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International reach

Page 32Social awareness

Page 36

Entrepreneurship

Page 40

The Campaign 2008-2013

Page 44

A place where leadersspeak

Page 47

Highlights from 2010-2011

Page 50

Contents

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This is HEC Paris

Much has changed since 1881 when the Paris Chamber of Commerce and

Industry created a school to train 57 young men to assume leadership positions

in society. Surviving two World Wars and the 1929 Great Depression, HEC Paris

has continuously reformed its curriculum and teaching methods to ensure that

the education it provides can drive, as well as reflect, the world’s business

environment.

International engagement and an innovative, practical approach to training

tomorrow’s business leaders are not just ambitions: they are goals we have

successfully achieved for more than 130 years. In 2011, we remain as

committed to them as ever. I hope you will join us as we embark upon the

next 130 years!

Bernard Ramanantsoa

Dean, HEC Paris

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1881 - 2011130 years

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Students & participants

4,063students and participants across alldegree programs

40%international students

95nationalities

8,000 executives and managers trained each year

Faculty & staff

267total faculty

109full-time faculty

56%international full-time faculty

473administrative and services staff from24 countries

ParisTechHEC Paris is a founding member ofParisTech

International reach

119academic partners worldwide

24double and joint degree programs

44,000alumni in over 113 countries

Corporate relations

250recruiting companies on the campuseach year

55international companies are membersof the HEC Foundation (as of April 2011)

15chairs

Campus size

1,3square kilometers of countryside at theJouy-en-Josas campus

1,660square meters of space at the Pariscampus

#1Business School in Europe(Financial Times ranking, December 2010,for the fifth consecutive year)

International rankingsin 2010-2011

MSc in ManagementGrande Ecole program was ranked� #3 worldwide by the FinancialTimes (FT), September 2010

� #1 in France by leading nationalpublications, including L’Express,Le Point, Le Figaro Étudiant and Le Parisien

Masters in International Financeprogramwas ranked #1 worldwide by the FT,June 2011

MBA program was ranked � # 9 worldwide by the Economist,October 2010

� #18 worldwide by the FT, January 2011

TRIUM Global Executive MBAwas ranked #3 worldwide by the FT,October 2010

Executive Education was ranked#1 worldwide by the FT, May 2011

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HEC Paris mission and values

HEC Paris has consistently developed awide and unique range of programs forthe 20-year-old student to theinternational senior executive in Franceand across the world.

HEC Paris’ mission is to shape theglobal leaders of tomorrow, capable ofbecoming architects of a responsibleworld. This mission is based on twopillars: a rigorous researchenvironment and close connections tothe corporate world. The combination ofhigh quality research, underlying thepedagogical innovation at HEC Paris,and close corporate connections, givesthe HEC community the necessary toolsand background to challengeestablished rules and to invent the newsocial and economic paradigms oftomorrow’s world, rather than simplyreproduce them.

HEC Paris enacts this mission inharmony with three core values:

� Excellence as an objective in all thatwe undertake

� The value of knowledge as a vehicle to fight sectarianism and ideology

� The importance of participating as a major player in the construction of a responsible world

These values are the foundation of aconviction shared by the HECCommunity: knowledge determines thefreedom and entrepreneurship requiredfor a better world. This conviction isaffirmed with our motto “The more youknow, the more you dare”.

HEC Paris, founded in 1881 by the ParisChamber of Commerce and Industry (the “CCIP”), is one of France’s oldestelite higher education Grandes Ecoles.Unique to France, the concept wasintroduced by Napoleon so that “thebest and the brightest” could bechanneled into his armies andengineering corps. Unlike French publicuniversities which are required toaccept all candidates from the sameregion who hold a baccalauréat, theselection criteria for the Grandes Ecoles

rest mainly on competitive written andoral exams, taken by students fromdedicated preparatory classes.

Throughout its 130-year history, HECParis has continually attractedindividuals highly capable and talented,innovative and entrepreneurial,ambitious and open minded.

1881, first class at HEC Paris, rue de Tocqueville

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ParisTech is a research and highereducation consortium that bringstogether 12 of France’s mostprestigious Grandes Ecoles(Engineering and Business schools):each institution is recognized as aleader in France in its field.

HEC Paris has been a founding memberof ParisTech since 2008.

ParisTech’s ambition is to:

� Create a full service science,technology and managementuniversity ranked among the world’stop 20 education and researchuniversities by 2020

� Develop the excellence of its researchand give ParisTech leadinginternational visibility andattractiveness

� Develop its innovation potential bystrengthening its already close tieswith the business world

� Place itself at the centre of the“knowledge triangle” (education –research – innovation) in partnershipwith the business and institutionalcommunities along with majorresearch organisations

HEC Paris is affiliated to the CCIP, theleading Chamber of Commerce andIndustry in France and Europe. Thispublic establishment is run by 84elected representatives, all of whom arebusiness leaders.

Its missions include:

� Representing business interests tolocal, national and European publicauthorities

� Advising companies at each stage oftheir development

� Training: each year the CCIP provides14,500 young people with initialtraining and more than 30,000 adults

with in service training, within its 11 schools

� Developing excellence in the field oftrade shows, conventions andexhibitions

The CCIP now represents 400,000companies located in the four districtsof Paris center, Hauts-de-Seine, Seine-Saint-Denis and Val-de-Marne

Pierre-Antoine Gailly,President

The Paris Chamber of Commerce and Industry

Jean-Paul Vermes,First Vice President

ParisTech

The Paris Chamber of Commerce and Industry, Avenue de Friedland, Paris

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The Grand Palais, Paris

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The HEC Paris Board andInternational Advisory Board bringtogether top executives andacademics from around the world.These leaders help shape HECParis’ strategy and ensure that itremains in line with the changingneeds of international business.

HEC Paris BoardHenri PROGLIOPresident of the HEC Paris Board Chairman and CEO, EDF

Raymond ALBEROManaging Director, AIE TrainingCécile ANDRÉ-LERUSTEDeputy CEO, SG Equipment FinanceMichel AUSSAVYPresident, MD & SalesPhilippe CAILLETONManager, Le BrisemicheJérôme FRANTZManaging Director, Frantz ElectrolyseArnould d’HAUTEFEUILLECEO, Jacques BollingerBernard IRIONMember of the Board, F4 SAMichel LAURENTGeneral Manager, Acieries de la SeineSoumia MALINBAUMDirector, Group Business Development,KEYRUS Olivier MELLERIOCEO, MELLERIO dits MELLERNicholas MOUFFLETManaging Director, JAM SARLHervé SAINT-SAUVEURChairman of the Board, LCH Clearnet SAClaude de SAINT-VINCENTGeneral Director, Media-ParticipationsPresident, Dargaud S.AFrançois SÉGUINEAUExecutive Vice President, Toshiba Systemes(France) SASAmaury de TURCKHEIMPresident, SVP TRANSPORT Group

International AdvisoryBoardSeiichiro ADACHIPresident, Toyota Tsusho Europe SAJean-Paul AGONCEO, L’OréalJean-Luc ALLAVENAManaging Partner, Apollo ManagementInternational LLP; Honorary President, HECAlumni Association and HEC FoundationJean d’ARTHUYSManaging Director and member of theExecutive committee, Fonds Stratégiqued'Investissement; President, HEC AlumniAssociationAbdulla Ali AL-THANIVice President of Education, QatarFoundationDaniel BERNARDChairman, HEC Foundation; Chairman,Kingfisher plc; Chairman, M.A.F RetailGroup; President, Provestis; Senior Advisor,Tower Brook PartnersEugenia BIETODirector General, ESADEBernard BOURIGEAUDFormer CEO, Atos OriginHenri de CASTRIESChairman of the Management Board andCEO, AXA GroupPeter CHILDDirector, McKinseyXavier CORNUExecutive Director of Education and TrainingDivision, CCIPYves COUILLARDCEO, BcomBest; Former CEO, Hewlett-Packard FranceAndrea CUOMOExecutive Vice President, General ManagerSales & Marketing Europe, ST MicroelectronicsFrank DANGEARDManaging Director and Founder, HarcourtThomas EDIGMember of the Board of Management,Porsche AGAmy EDMONDSONNovartis Professor of leadership andmanagement, Harvard Business SchoolOrit GADIESHChairman, Bain & CompanyPierre-Antoine GAILLYPresident, CCIPDominique HANSSENSBud Knapp Professor of Marketing, UCLAAnderson School of Management

Guillaume d’HAUTEVILLEVice Chairman - Investment BankingEurope, Nomura InternationalSylvain HEFESSenior Advisor, Rothschild & SonAnne-Marie IDRACFormer French Secretary of State, in chargeof External Commercial AffairsClaude JOUVENFormer CEO, Citibank/Citigroup France,Belgium, Luxembourg and Ireland; HonoraryState AdvisorPaul JUDGEChairman, Schroder Income Growth Fundplc; Director, Standard Bank Group Ltd ofJohannesburgBruno LAFONTChairman and CEO, LafargeBertrand LEONARDDeputy CEO, ExaneHans Ulrich MAERKIChairman, IBM EMEABaron PFETTEN President, Royal Institute of East-WestStrategic Studies (Oxford)Karsten POPPSenior Vice-President EMEA, Autodesk Henri PROGLIOChairman and CEO, EDF; President of theHEC Paris Board Baudouin PROTCEO, BNP ParibasFranck RIBOUDCEO, Danone GroupStéphane RICHARDChairman and CEO, France TelecomDavid SCHMITTLEINDean, MIT Sloan School of ManagementAlvin SILKLincoln Filene Professor of BusinessAdministration, Harvard Business SchoolDomenico SINISCALCOVice Chairman, Morgan Stanley InternationalFrancesco STARACECEO, Enel GreenpowerEzra SULEIMANIBM Professor, Princeton UniversityPierre TROUILLETGeneral Manager, CCIPFrançois VACHEYFormer Executive Vice-President, L’OréalJean-Paul VERMESPresident, VMS France; First Vice President, CCIPChristian VULLIEZMember of the High Council for Education,French Ministry of National EducationChunjun ZHAOEmeritus Dean, Tsinghua University

HEC Paris Governance

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HEC Paris campus in winter

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Masters Degrees (Full-time, pre-experienceprograms)

MSc in ManagementGrande Ecole program (18 months,French and English)Designed for students who hold aBachelor’s degree in any field. The firstyear is comprised of general businesscourses; the second year is devoted tothe student’s area of specialization.

One-year MSc’s (12 months, English)

Designed for students who hold aBachelor’s degree in Business andwant to acquire expertise in a specificfield of management: InternationalBusiness, Managerial and FinancialEconomics, International Finance,Sustainable Development andMarketing.

Specialized Masters (12 months, French and English)

Designed for professionally experiencedcandidates with an advanced leveldegree in any field. These programsenable specialization in a specific fieldof management.

MBA Program Full-Time MBA program(16 months) and Part-Time Option(24 months) The MBA addresses both functional andcross-functional skills through afundamental and a customized threadto cover all areas of management indepth. Participants will, throughout theprogram, enhance their leadershippotential through unique learningexperiences in a diverse environment,developing their self-awareness andpeople and relationship management,to boost, and even change, their careerpath.10

A uniqueprogram portfolio

Since 1881, HEC Paris has offered management programs for top talent from around theworld.

Today, HEC Paris’ mission is to foster teaching and research in management for students and executives across the world.

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PhD Program (4 years)The PhD program offers high-quality,internationally renowned training forprofessor-researchers. The programprepares participants for publishing inleading academic journals throughoutthe world as well as for future researchand teaching challenges.

Executive Education HEC Paris Executive Education deliversprograms specifically designed forexperienced managers and executives.In addition to EMBAs and MastersPrograms, HEC Executive Educationoffers open-enrolment and customprograms, as well as coaching.

Highlights from the range of programs:

� TRIUM Global Executive MBA(16 months)Specially designed for globalexecutives and CEOs, this is a jointdegree developed by HEC Paris, New York University Stern School ofBusiness and London School ofEconomics and Political Science.

� HEC Executive MBA(14 to 16 months)A multi-site degree program designedto propel mid-career professionalsinto the executive board level. Theprogram is now available in 5 locations (Paris, Beijing, Shanghai,Doha and St. Petersburg) with sixmajors: Entrepreneurship &Innovation, Differentiation throughService, Global BusinessPerspectives, Aerospace & Aviation,Management in an Energy-concernedEconomy, and Luxury.

� Executive Specialized Masters(11 months)These postgraduate degree programsprovide specialized training in specificareas of management.

� Open-enrolment programsHEC Paris offers executiveparticipants the option to developtheir operational skills through short,targeted executive programs, whichcover key management issues:44 short programs (2 to 5 days)21 Executive Certificates in

French (12 to 30 days)

� Custom programsThese programs are tailored anddelivered to the precise specificationsof the company.

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A lecture theater in 2010

A lecture theater in 1881

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On-campusaccommodation

1,532 individual rooms

69 apartments reserved for couples andfamilies

Sports facilities

2,000square meters of gymnasiums andsports halls

8,000square meters of sports fields

Including soccer pitches, rugby fields,indoor and outdoor tennis courts,fencing room, fitness center, martialarts center, climbing wall, and severalgolf courses just a few minutes fromcampus

Other on-campusservicesMultimedia center and I.T suitesLanguage labs and resource centersTrading room Business bookshopsPrinting shop Daycare centerInfirmary Ecumenical center

79classrooms

31auditoriumswith over 50 seats, including one 474-seat amphitheatre with a stage

Student-runorganizations and clubson campus

130 student-run organizations includinghumanitarian, cultural, international,events and career-related, sports andleisure-related associations. Social and professional clubs arededicated to topics such as finance,marketing, business ethics and womenin leadership

Library & computerfacilitiesMultimedia library and resource center

60,000books

16,000 + electronic resources 85 online databasesA Wi-Fi networkOpen-access computer rooms

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A place to live

The HEC Paris campus offers a unique setting: a 1,3 km2 sitewith woods and lake, close toboth Paris and Versailles.

The facilities and setting havebeen designed to foster learningin a supportive, comfortable anddynamic environment.

On-campus accommodation and activities help create strongbonds among students, withample opportunity for a richsocial life.

At the end of 2011, 8,000 m2

of new study facilities andresidential rooms will beinaugurated on campus.

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Student association: Extravadanse

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Faculty on 1 January 2011

109full-time faculty members including: 95% hold a PhD 56% faculty from abroad 29 nationalities 27% women

27 Emeritus faculty

86 affiliate professors, generally prominentmembers of the business communitywho have established a long-termrelationship with HEC Paris

45 visiting professors, including Jay ANAND, Ohio State University, USASundar BHARADWAJ,Emory University, USARamesh BOLLAPRAGADA,San Francisco State University, USA

Jean-Philippe BONARDI, Université de Lausanne, SwitzerlandSteven EPPINGER,Massachusetts Institute of Technology, USAAllègre HADIDA,University of Cambridge, UKThomas HEMMER,Rice Jones Graduate School of Business,USAReuven LEHAVY,University of Michigan Business School, USAVladimir MARES,Northwestern University - Kellogg School ofManagement, USAJoseph MILNER,University of Toronto, CanadaEmre OZDENOREN,London Business School, UKLuis PEREIRO,Universidad Torcuato Di Tella, ArgentinaMichaël PRESTON,Columbia University, USASubramanyam RAGHUNATH,Indian Institute of Management Bangalore,IndiaJuan RAMIS,ESADE Business School, SpainKulwant SINGH,National University of Singapore, SingaporeDaniel SKARLICKI,University of British Columbia, CanadaMarie SUSHKA,Arizona State University, USAJuhani VAIVIO,Aalto University, FinlandKathy YUAN,London School of Economics and PoliticalSciences, UK

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Cutting-edge researchand acclaimed faculty

HEC Paris is committed todeveloping knowledge and thebest practices in management.

The active involvement ofprofessors in researchguarantees that our coursesintegrate the latest findings inmanagement science.

A vibrant research environmenthelps make HEC Paris the school of choice for students and faculty alike.

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Academic contributionin 2009 and 2010

HEC Paris Workshopsin 2010

� 2nd Paris Spring Corporate FinanceConference, organized by UlrichHege, Professor of Finance

� From Routine to Movements andBack, organized by Rodolphe Durand,Professor of Strategy & BusinessPolicy

� INTAACT organized by Hervé Stolowy,Professor of Accounting &Management Control and ThomasJeanjean, Associate Professor ofAccounting & Management Control

� Marketing Research Camp, organizedby Selin Atalay, Assistant Professor ofMarketing

� Academic Entrepreneurship fromKnowledge Creation to KnowledgeDiffusion, organized by ThomasAstebro, Associate Professor ofStrategy & Business Policy

� 2nd HEC Finance and Statistics,organized by Laurent E. Calvet,Professor of Finance and VeronikaCzellar, Assistant Professor ofEconomics & Decision Sciences

� 1st HEC Paris Workshop onRegulation “Emergency Regulationunder the Threat of a Catastrophe”,organized by Alberto Alemanno,Associate Professor of Law

In-house publication

Research@hecthe online and print magazine, whichshowcases academic research to anon-expert audience

Research partnerships

The HEC Center GREGHEC(Groupe de Recherche etd'Etudes en Gestion at HEC)is a joint CNRS-HEC

research laboratory. The CNRS is themain French institution for academicresearch. The members of theGREGHEC laboratory include HEC Parisfaculty professors and CNRSresearchers, PhD students andresearchers with post-doctoralcontracts. HEC Paris is the only Frenchbusiness school to have developed sucha partnership with the CNRS.

The GIS (Groupement d’InterêtScientifique) “Decision Science”

is a joint-venture by HEC Paris, EcolePolytechnique, ENSAE ParisTech (ParisGraduate School of Economics,Statistics and Finance) and the CNRS.The partners develop joint researchprojects on individual and groupdecision making.

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HEC Paris PhD Program

HEC Paris offers a Doctoralprogram leading to a PhD inManagement and placement inprestigious internationalinstitutions.

81 students are currently enrolledin the PhD program in January2011 among whom 19 wereadmitted in September 2010

42% of students are international (22 countries of origin)

6 specializations:Accounting & Management ControlFinanceHuman Resources &OrganizationMarketingOperations & Supply Chain ManagementStrategy & Management

4 dissertations defended betweenSeptember 2010 and April 2011

PlacementAfter graduation, HEC Paris PhDparticipants find placements at toplevel academic positionsworldwide, such as Richard IveySchool of Business, University ofWestern Ontario, Canada andLondon School of Economics andPolitical Sciences, UK.

Research in the rankings

HEC Paris was ranked

3rd in Europe for research

in the 2011 Financial Times MBA ranking

175245734

40818

153

articles in refereed academicjournals

books

chapters in collective books

published proceedings

presentations at academicconferences

case studies

articles in non-peer reviewedjournals

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Faculty liston 1 January 2011

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Accounting & ManagementControlWalid ALISSA PhD Pennsylvania State University, USADiane-Laure ARJALIES PhD Essec – Université Paris-Ouest, FranceRaul BARROSO PhD, HEC Lausanne, SwitzerlandSrile BURKLAND PhD University of Vaasa, FinlandVedran CAPKUN PhD University of Lausanne, SwitzerlandEve CHIAPELLO PhD University of Paris IX-Dauphine, FranceClaire DAMBRIN PhD University of Paris IX-Dauphine, FranceCaroline LAMBERT PhD University of Paris IX-Dauphine, FranceCédric LESAGE PhD University of Rennes I, FranceHélène LONING PhD HEC Paris, FranceVéronique MALLERET PhD University of Paris IX-Dauphine, FranceMartin MESSNER PhD University of Innsbruck, AustriaCarlos RAMIREZ PhD EHESS, FranceAndreù SOLE PhD University of Nancy II, FranceHervé STOLOWY PhD University of Paris I-PanthéonSorbonne, France

Economics & DecisionScienceAlessandro CITANNA PhD University of Pennsylvania, USAVeronika CZELLAR PhD University of Geneva, SwitzerlandItzhak GILBOA PhD Tel Aviv University, IsraelAi-Ting GOH PhD University of Pennsylvania, USA

Brian HILL PhD University of Paris I-PanthéonSorbonne, FranceGilles MAUFFREY PhD University of Paris IX-Dauphine, FranceTomasz MICHALSKI PhD Columbia University, USAEloïc-Anil PEYRACHE PhD University of Toulouse, FranceDina ROSENBERG PhD University of Paris X-Nanterre, FranceMarco SCARSINI PhD University of Paris IX-Dauphine, FranceTristan TOMALA PhD University of Paris I-PanthéonSorbonne, France Nicolas VIEILLE PhD University of Paris VI-Pierre et MarieCurie, France

FinanceBlaise ALLAZ PhD Princeton University, USAJoël BESSIS PhD University of Paris IX-Dauphine, FranceLaurent CALVET PhD Yale University, USAFrançois DERRIEN PhD HEC Paris, FranceThierry FOUCAULT PhD HEC Paris, FranceLaurent FRESARD PhD University of Neuchâtel, SwitzerlandUlrich HEGE PhD Princeton University, USAJohan HOMBERT PhD University of Toulouse I and EHESS,FranceAntoine HYAFIL PhD HEC Paris and University of Orleans,FranceStefano LOVO PhD Catholic University of Leuven, BelgiumJacques OLIVIER PhD University of Pennsylvania, USA

Evren ÖRS PhD Carroll Graduate School ofManagement, Boston College, USAChristophe PERIGNON PhD Swiss Finance Institute, SwitzerlandIoanid ROSU PhD Massachusetts Institute of Technology,USADavid THESMAR PhD EHESS, FrancePhilip VALTA PhD Ecole Polytechnique de Lausanne,Switzerland

Languages & CulturesHans BRODERSEN PhD University of Paris VIII-Vincennes-Saint-Denis, FranceMichael BROOKES PhD University of Paris IV-Sorbonne, FranceValérie GAUTHIER PhD University of Sorbonne Nouvelle-Paris III, FranceSylvie GERVAIS Master of Arts University of Boulogne, FranceJocelyne REITH Master of Arts University of Paris IV-Sorbonne,FranceChristopher ROBINSON PhD University of Paris X-Nanterre, France

Management & HumanResourcesCharles-Henri BESSEYRE DES HORTS PhD University of California, Los Angeles,USAFrançoise CHEVALIER PhD HEC Paris, FranceAdina DABU PhD University of Illinois, USAElie MATTA PhD University of Western Ontario, Canada

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Vesa PELTOKORPI PhD Swedish School of Business &Economics, FinlandMathis SCHULTEPhD Columbia University, USAMichael SEGALLA PhD University of Iowa, USAAmy SOMMER PhD University of Western Ontario, CanadaEris Luis UHLMANN PhD Yale University, USAKevyn YONG PhD Cornell University, USA

MarketingSelin ATALAY PhD Pennsylvania State University, USAAnne-Sophie BAYLE-TOURTOULOU PhD HEC Paris, FranceFrédéric DALSACE PhD INSEAD, FranceJean-Marc DE LEERSNYDER PhD University of Paris V-Descartes, FranceKristin De VALCK PhD Erasmus University Rotterdam, The NetherlandsJean-Michel GAUTIER PhD EHESS, FranceBo HUANG PhD University of Michigan, USAJean-Noël KAPFERER PhD Northwestern University, USABruno KOCHER PhD University of Lausanne, SwitzerlandJoseph LAJOS PhD INSEAD, FranceGilles LAURENT PhD Massachusetts Institute of Technology,USALaurent MARUANI MSc in Management HEC Paris, FranceDominique ROUZIES PhD McGill University, CanadaBige SAATCIOGLU PhD Virginia Tech, USAFrancesca SOTGIU PhD Erasmus University Rotterdam, The Netherlands

Wolfgang ULAGA PhD University of Paris I-Panthéon Sorbonne,FranceMarc VANHUELE PhD Anderson Graduate School ofManagement, UCLA, USAStefan WORM PhD University Kaiserslautern, Germany

Operation Management & Information TechnologyGérard BAGLIN MSc in Management HEC Paris, FranceOlivier BRUEL MSc in Management HEC Paris, FranceMarie-Hélène DELMOND PhD HEC Paris, FranceSihem JOUINI PhD University of Paris IX-Dauphine, FranceLaoucine KERBACHE PhD University of Massachusetts, USASri KUDARAVALLIPhD University of Maryland, USAAndrea MASINI PhD INSEAD, FranceAndreas ROBOTIS PhD INSEAD, FranceSvenja SOMMER PhD INSEAD, FranceShirish SRIVASTAVA PhD National University of Singapore,SingaporeChristian VAN DELFT PhD University of Geneva, SwitzerlandZhixi WAN PhD University of Michigan, USA

Strategy & Business PolicyThomas ÅSTEBRO PhD Carnegie Mellon University, USAKristina DAHLIN PhD Carnegie Mellon University, USARodolphe DURAND PhD HEC Paris, France

Pierre DUSSAUGE PhD University of Paris IX-Dauphine, FranceBernard GARRETTE PhD HEC Paris, FranceOliver GOTTSCHALG PhD INSEAD, FrancePierre-Antoine KREMP PhD Princeton University, USAJean-Paul LARÇON PhD University of Paris IX-Dauphine, FranceDalhia MANI PhD University of Minnesota, USADenisa MINDRUTA PhD University of Illinois at Urbana-Champaign, USABertrand MOINGEON PhD University of Franche-Comté, FranceAnup-Menon NANDIALATHPhD Ohio State University, USAGonçalo PACHECO DE ALMEIDA PhD INSEAD, FranceCorey PHELPS PhD New York University, USANils PLAMBECK PhD University of Hamburg, GermanyBertrand QUELIN PhD University of Paris Nord, FranceBernard RAMANANTSOA PhD University of Paris IX-Dauphine, France

Tax & LawAlberto ALEMANNO PhD University of Bocconi, ItalyPhilippe CORRUBLE PhD University of Jean Moulin-Lyon III,FranceNicole FERRY-MACCARIO DES University of Bourgogne, FranceFrançois LENGLART PhD University of Lille, FranceMarie SERNA PhD University of Paris II-Panthéon-Assas,FranceOana STEFAN PhD University College Dublin, IrelandNicole STOLOWY PhD University of Paris I-PanthéonSorbonne, France

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EmeritusProfessors

Gilles AMADOProfessor of Management & HumanResourcesJean-Loup ARDOINProfessor of Accounting & ManagementControlMichel BADOCProfessor of MarketingGeorges BLANCProfessor of Strategy & Business PolicyChristian CAUVINProfessor of Accounting & ManagementControlPhilippe COLINProfessor of Business Law & TaxationMichel CREMADEZProfessor of Strategy & Business PolicyJean-Pierre DETRIEProfessor of Strategy & Business PolicyYves EVRARDProfessor of MarketingMichel FIOLProfessor of Accounting & ManagementControlHugues JORDANProfessor of Accounting & ManagementControlCharles KALFONProfessor of Accounting & ManagementControlJean KLEINProfessor of FinanceJacqueline LAUFERProfessor of Management & HumanResourcesRomain LAUFERProfessor of MarketingPatrick LEMATTREProfessor of Management & HumanResourcesAnne MACQUINProfessor of MarketingBernard MAROISProfessor of FinanceJacques OBADIAProfessor of Decision Science & InformationSystemsDang PHAM-HUYProfessor of Accounting & ManagementControlGisèle PROSTProfessor of Languages & Cultures

Michel SANTIProfessor of Strategy & Business PolicyBruno SOLNIKProfessor of FinanceMichel TENENHAUSProfessor of Decision Science & InformationSystemsHervé THIRIEZProfessor of Decision Science & InformationSystemsGeorges TREPOProfessor of Management & HumanResourcesHenri-Louis VEDIEProfessor of Economics

Honoris CausaProfessors

Chris ARGYRISProfessor, Harvard UniversityRobert BADINTERFormer President of the FrenchConstitutional Council and Minister ofJusticeRaymond BARRE †Former Prime Minister of the FrenchRepublicWarren G. BENNISProfessor, University of Southern CaliforniaPierre BOURDIEU †Professor, Collège de FranceJacques BOUVERESSEProfessor, Collège de FranceHélène CARRERE d’ENCAUSSEMember of the French AcademyRobert ENGLEProfessor, New York University Nobel Prizein Economics (2003)Pierre-Gilles de GENNES †Professor, Collège de France Nobel Prize inPhysics (1991)Jacques GLOWINSKIProfessor and Administrator, Collège deFranceRoger GUESNERIEProfessor, Collège de FranceClaude HAGEGEProfessor, Collège de FranceMichael C. JENSENEmeritus Professor, Harvard BusinessSchool

Philip KOTLERProfessor, Northwestern UniversityDavid S. LANDESProfessor, Harvard UniversityEmmanuel LE ROY LADURIEProfessor, Collège de FranceJay O. LIGHTDean Emeritus, Harvard Business SchoolJean MALAURIEProfessor, Geographer, Writer and CNRSResearcherEdmond MALINVAUDProfessor, Collège de FranceJim MARCHEmeritus Professor, Stanford UniversityAndreu MAS-COLELLProfessor, University Pompeu Fabra ofBarcelonaRobert C. MERTONProfessor, Harvard Business School, NobelPrize in Economics (1997)Ikujiro NONAKAEmeritus Professor, at HitotsubashiUniversityRajendra K. PACHAURIChairman of the Intergovernmental Panel onClimate ChangeMichael E. PORTERProfessor, Harvard Business SchoolPierre ROSANVALLONProfessor, Collège de FranceMichel SERRESMember of the French AcademyAlain TOURAINEProfessor, EHESSOliver E. WILLIAMSONProfessor, University of California, BerkeleyMuhammad YUNUSProfessor, University of Colorado, founder ofGrameen Bank and Nobel Peace Prize-winner (2006)Abraham ZALEZNIKProfessor, Harvard Business SchoolThéodore ZELDINProfessor, Oxford University

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HEC Paris Campus

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Chairs and Center

HEC Paris has developed closelinks with a selected group ofcompanies.

By creating a chair, HEC Paris andthe company initiate a shared,long-term commitment todeveloping expertise in trainingand research on a jointly definedtheme.

Chairs

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“Decision Science”Chair holder: Itzhak Gilboa, Professorof Economics & Decision Sciences

This chair seeks to improve ourunderstanding of how decisions aremade and how we can support betterdecision making, in light of cognitivelimits and psychological constraints.The collaboration provides anopportunity to explore the linksbetween effective decision making andsuccessful leadership. It is devoted tosponsoring academic research,workshops and conferences, and bringstogether researchers from variousdisciplines.

“Energy and Finance”Chair holder: Blaise Allaz, Professor of Finance

This chair has the following objectives:to develop teaching material andapplied research related to commonchallenges affecting energy andfinancial market sectors and to developa portfolio of courses and seminars forall HEC Paris programs in France andabroad.

“Corporate Finance” Chair holder: Ulrich Hege, Associate Professor of Finance

The purpose of this chair is to carry outtop-level academic research incorporate finance and investmentbanking, including topics such assecurity issuance, primary markets,M&A and private equity, and corporategovernance. It also aims to disseminateits research results among themembers of the FBF and the financialindustry at large, and facilitate variousforms of interaction between theacademic partners and members of theFBF.

“Digital Innovation for Business”Executive director: Julien Lévy, AffiliateProfessor in Management & NewTechnologies

Created by HEC Paris in line with itsengagement in entrepreneurship ande-business, this chair offers HEC Parisstudents the opportunity to receiveadditional training in e-business andfocuses on how to innovate and engagein the digital economy. Classes,conferences, practical work andmission projects, with the activeparticipation of the five partnerentrepreneurs and their companies,complement their program studies.

“Business Sustainability” Chair holder: Rodolphe Durand,Professor of Strategy & BusinessPolicy

The aim of this chair is to focus onthree major themes: studying businessmodels based on sustainabledevelopment and how they can be usedto generate growth and create value;taking a closer look at the conditionsrequired for transforming volumestrategies into value strategies,particularly in the water and energysectors; examining socialentrepreneurs and multinationalcorporations coming together in socialbusiness initiatives.

with the support of Free, Meetic, Pixmania Group,vente-privee.com and Pierre Kosciusko-Morizet,private donor

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“Growth Strategies and IntegrationManagement” Chair holder: Bernard Garrette,Professor of Strategy & BusinessPolicy

HEC Paris professors work with AtosOrigin to conduct research onchallenges related to growth strategyand integration management, such aschanges of ownership, mergers,alliance management, organic growthand international operations.

“Luxury strategies” Executive director: Anne Michaut-Denizeau, Affiliate Professor of Marketing

This chair supports the Luxury strategycertificate whose aim is to providefuture managers with in depthunderstanding of the unique rules forthe effective management of luxurybrands and companies.

“Energy and Management”Chair holder: to be nominated

The aim of this chair is to integrateenergy knowledge and expertise intoHEC Paris' training. Through the chair,Total contributes to teaching at HECParis worldwide, providing educationalmaterial and input from energy industryexperts. It also supports HEC ParisExecutive Education programs,highlighting the importance for on-going training for the energy industry.

“Management of Prestige Brands” Chair holder: Jean-Noël Kapferer,Professor of Marketing

The objective of this chair is tocontribute to the advancement of themanagement of prestigious brands.This chair conducts empirical researchinto the behavior of leading brands, keyplayers in the luxury field, and theattitudes and perceptions of the clientsthemselves. It is worldwide in scopeand multisectorial beyond the classicsectors one usually associates withLuxury.

“Marketing” Chair holder: Jean-Marc de Leersnyder,Professor of Marketing

This teaching chair is dedicated to the field of marketing, with the aim of facilitating interaction between thestudents and professors of HEC Parisand the marketing teams at SFR.

“Multicultural Management andCorporate Performance” Chair holder: Eve Chiapello, Professorof Management Sociology

Co-chaired with Eric Godelier fromEcole Polytechnique.

This chair is dedicated to the study ofdaily cooperation of teams fromdifferent countries and cultures.

The chair has developed a pedagogicalprogram totally intricated with theresearch program, which welcomesstudents from both schools. The chairis supported by agreements withprestigious universities such as KeioUniversity in Japan and Indian Instituteof Management - Ahmedabad in India.

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Center

The Visions of Leadership Center

HEC Paris created the Visions ofLeadership Center, with the support ofL’Oréal, MSD China and Alcatel-Lucentto promote innovation in managementsciences and bring together HEC Paris’activities on issues related toleadership.

The Center has three main objectives:

� Bring together research and thecorporate world to examine alldimensions of leadership includingsocial, ethical and political;

� Give HEC Paris students theopportunity to explore their ownvisions of leadership by developing anAnalytical, Critical and Experiential(ACE) approach through exchangeswith executives and experts in thefield, as well as opportunities to actas leaders throughout the programs;

� Enable managers, executives,recruiters and faculty members toshare their experiences and worktogether to develop innovative viewsand approaches on the future ofleadership.

22

Left to right: Valérie Gauthier, Associate Professor, Visionsof Leadership Center; Bernard Ramanantsoa, Dean of HECParis; Ben Verwaayen, CEO of Alcatel-Lucent; Daniel Bernard, Chairman of the HEC Foundation; Pierre Barnabé, Head of Corporate Human Resources andTransformation at Alcatel-Lucent.

“Real Estate”Executive director: François Ortalo-Magné, VisitingProfessor of Real Estate

This chair supports courses andenrichment activities focused on all thebusiness aspects of the real estateprocess: development of properties,financing of real estate investments,management of real estate portfolios,and interactions between the realestate sector and the economy. Thechair funds a certificate program opento all HEC Paris students.

The certificate program aims to recruitthe best students and provide themwith the skills to succeed in the globalreal estate industry.

“New Business Models in theEnergy Industries” Chair holder: Wolfgang Ulaga,Associate Professor of Marketing

This chair is designed to consider thechanges currently sweeping the energyindustry and their implications forbusinesses and consumers. Thecollaboration explores how newbusiness models, greater customerinvolvement and new behaviors areaffecting all stakeholders in the energyindustry's value chain. Particularemphasis is placed on the evolvingrelationships between energy providersand customers, in both business-to-business and consumer markets.

“Service Management” Chair holder: Pierre Dussauge,Professor of Strategy & BusinessPolicy

The chair carries out research onmanagement issues faced by serviceindustry firms. Research focuses on strategic alliances in serviceindustries.

“Social Business / Enterprise and Poverty” Chair holder: Frédéric Dalsace,Associate Professor of Marketing

Co-chaired by Professor MuhammadYunus, Nobel Peace Prize-winner,founder of Grameen Bank and HECHonoris Causa Professor, and MartinHirsch, President of France's CivilService Agency.

This chair’s aim is to educate the nextgeneration of managers, preparingthem for societal challenges and todevelop quality research on strategicinnovation in societal fields. The chairalso supports the Action Tank initiative, which brings together large firms, government members and heads of non-profit organizationsto contribute to building a moreinclusive economy in France and indeveloped countries.

with the support of Danone, Schneider Electric,and private donors

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Executive Education participants in class

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Job placement

4 annual recruitment fairs Legal & Fiscal Career FairInternational Finance Career FairConsulting Career FairGeneral Career Fair “Les Carrefours”

114companies present on campus over a two-day period at the “CarrefoursHEC 2011”, the annual internationalcareer fair

250companies on campus throughout theyear to help students find internships orjobs and enhance their careeropportunities

25permanent staff dedicated to corporaterelations and student placement

HEC Paris students receive full supportfrom the Corporate RelationsDepartment which offers its extensiveexpertise to both recruiters andstudents.

One of its missions is to favor meetingsbetween companies and students oryoung graduates from the variousprograms. This objective forms anintegral part of HEC Paris’ policy torespond to company needs in providingcandidates who are intellectuallymature and prepared for the corporateworld.

Students benefit from one-on-one andsmall group career coaching, as well astargeted workshops and seminars.They are invited to companypresentations organized on campus andto events off campus such as visits tocompany premises, business games,etc.

They also receive customized job-search advice from alumni, consultants,coaches and peers, before interactingwith the hundreds of recruiters whovisit the campus every year.

24

Privileged corporaterelationships

HEC Paris is committed tobuilding partnerships withcompanies. This cooperation can take manyforms and is tailored tocompanies’ areas of activity, as well as their research andrecruitment needs.

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The HEC Foundation

HEC Paris has an ongoing policy ofactive partnership with companies. Thispartnership ranges from educationalcooperation (providing case studies,participating in classes, etc.) to majorcorporate involvement in the HEC

Foundation. Becoming a member of theFoundation enables companies tocreate lasting relationships with HECstudents, participants and faculty. It isalso an ideal way to strengthen theirimage on campus.

Partners of the HEC Foundation as of April 2011

Daniel Bernard,Chairman, HEC Foundation

ASSOCIATION DES

DIPLÔMÉS HEC

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Corporate recruitment at HEC Paris

A.T. KEARNEY

A2 CONSULTING

AB-INBEV

ACCENTURE

ADVANCY

AEGIS MEDIA FRANCE

AIR LIQUIDE

AMAURY SPORT ORGANISATION

AMAZON.FR

ATOS CONSULTING

AXA

AXA INVESTMENT MANAGERS

BAIN & COMPANY

BANQUE DE FRANCE

BEARINGPOINT

BEIJAFLORE

BETC EURO RSCG

BNP PARIBAS

BOUYGUES CONSTRUCTION

CANAL+

CAPGEMINI CONSULTING

CARREFOUR

CELERANT CONSULTING

CELGENE

CLEARY GOTTLIEB STEEN & HAMILTON LLP

CMA CGM

COCA-COLA ENTREPRISE

COLOMBUS CONSULTING

COTY

CREDIT AGRICOLE GROUP

CSC, CONSEIL EN MANAGEMENT ET SI

CVA

DASSAULT SYSTEMES

DELOITTE

EDF

ERNST & YOUNG

EXANE

FACEBOOK

GDF SUEZ

GENERAL ELECTRIC

GENERALI FRANCE ASSURANCES

GROUPE ALPHA

GROUPE BPCE - BANQUE POPULAIRE &CAISSE D'EPARGNE

GROUPE CASINO

GROUPE CREDIT DU NORD

GROUPE KRAFT FOODS

GROUPE SEB

GROUPE SOPARIND BONGRAIN

HENKEL FRANCE

HERBERT SMITH LLP

HSBC

IBM FRANCE

IMC FINANCIAL MARKETS

INTERNATIONAL FLAVORS & FRAGRANCES

JCDECAUX

JOHNSON & JOHNSON

KEA & PARTNERS

KPMG

KURT SALMON

LA COMPAGNIE FINANCIERE EDMOND DE ROTSCHILD

LA POSTE

LEADERS LEAGUE

LEROY MERLIN

LINKLATERS LLP

L'OREAL

LVMH

MAZARS

MCKINSEY & COMPANY

MICHELIN

MICROSOFT FRANCE

MONITOR GROUP

MUREX

NATIXIS

NESTLE

NISSAN EUROPE

NOBLE GROUP

NOTAIRES DE PARIS

NOVARTIS PHARMA

OC&C STRATEGY CONSULTANTS

OGILVY

OLIVER WYMAN

ONEIDA ASSOCIES

ORANGE

PEPSICO FRANCE

PERNOD RICARD

PHILIPS

PIXMANIA

PRICEWATERHOUSECOOPERS

PROCTER & GAMBLE

PROTIVITI

PSA PEUGEOT CITROËN

PUIG

RATP

RECKITT BENCKISER

RENAULT

ROLAND BERGER STRATEGY CONSULTANTS

SAINT-GOBAIN

SANOFI-AVENTIS

SCHNEIDER

SIA CONSEIL

SNCF

SOCIETE GENERALE

THALES

THE BOSTON CONSULTING GROUP

TNS SOFRES

TOTAL

UBISOFT

UNIBAIL-RODAMCO

UNILEVER

VEOLIA ENVIRONNEMENT

VERTONE

WEBHELP

WHITE & CASE LLP

WORDAPPEAL

26

Companies present on campus over a two-day period at les “Carrefours HEC 2011”, the annual international career fair

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Annual Carrefours fair on campus

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The HEC Alumni Association, foundedin 1883 is a modern and powerfulalumni network with a threefoldmission:

� Exchange/Share: enhancing thesharing of professional and personalexperiences among members

� Progress: accompanying membersthroughout all stages of their careers

� Reach out: promoting globalawareness of the HEC alumni brand

44,000alumni

107nationalities

64international alumni groups

1,000events organized every year in Franceand across the world

Alumni at the top

Jean-Paul AGONCEO, L’OréalSébastien BRETEAUCEO, Asia InspectionPascal CAGNIGeneral Manager and Vice-President,EMEIA, AppleIsabelle CAPRONCEO, FauchonHenri de CASTRIESChairman of the Management Board andCEO, AXA GroupJean-Marie DRUChairman, TBWA WorldwidePhilippe FORIEL-DESTEZETHonorary President, AdeccoLouis GALLOISCEO, EADSIsabelle GUICHOTPresident and CEO, BalenciagaValérie HERMANNCEO, Reed KrakoffHubert JOLYCEO, CarlsonFrédéric JOUSSETPresident and co-Founder, WebhelpPierre KOSCIUSKO-MORIZETCEO and Founder, PriceMinister GroupBruno LAFONTChairman and CEO, LafargePascal LAMYDirector-General, World Trade OrganizationValérie PÉCRESSEFrench Budget MinisterFrançois-Henri PINAULTChairman and CEO, PPR GroupGuillaume POITRINALCEO, Unibail-RodamcoHenri PROGLIOChairman and CEO, EDF; President of theHEC Paris BoardBaudoin PROTCEO, BNP ParibasStéphane RICHARDCEO, France TelecomSidney TAURELFormer CEO, Eli Lilly & CoYoël ZAOUIHead of European Investment Banking,Goldman Sachs International

Among others

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HEC Alumni Association

The HEC Alumni Associationorganizes and coordinates the alumninetwork to maintain and createfriendships and professionalrelationships between the 44,000 members, whereverthey are and whatever they do.

Jean d’ArthuysPresident, HEC Alumni Association

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Around the world64 international alumni chapters build HEC Paris’ visibility and reputation abroad.

ArgentinaAustraliaAustriaBelgiumBrazil (Rio de Janeiro and Sao Paulo)CameroonCanadaChileChina (Beijing, Hong Kong andShanghai)ColombiaCzech RepublicDenmarkDominican RepublicGulf Cooperation Council (GCC)Germany (North, South and West)GreeceHungaryIndia

IndonesiaIrelandIsraelItalyIvory CoastJapanLebanonLuxembourgMadagascarMalaysiaMauritiusMexicoMonacoMoroccoNorwayPolandPortugalRomaniaRussia

SenegalSingaporeSouth AfricaSouth KoreaSpain (Barcelona and Madrid)SwedenSwitzerlandTaipeiThailandThe NetherlandsTunisiaTurkeyUnited KingdomUnited States (Boston, East Coast,Florida, Midwest and West Coast)VenezuelaVietnam (Hanoi and Ho Chi Minh City)

The HEC Alumni Association’s General Assembly, June 2010

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HEC Paris graduation, class of 2010

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International studentsas of 1 January 2011

1,502international students enrolled ingraduate programs

95 nationalities 25% international students in the MScprogram85% international students in the MBAprogram

International faculty

56%full-time faculty from abroad

29 countries represented

International exchangeprogramsGlobal Exchange programan exchange program during thefoundation year of the MSc inManagement Grande Ecole programwith prestigious Faculties of Arts andSciences worldwide72 top universities and business schoolsaround the world

International Exchange program atMasters Level with prestigiousbusiness schools and universitiesworldwide

56 MBA exchange programswith such institutions as LondonBusiness School, IESE BusinessSchool, Yale University, Wharton Schoolof Business, CEIBS, Indian School ofBusiness and Hong Kong University ofScience & Technology

The PIM networkfounded in 1973, the Partnership inInternational Management is aconsortium of leading internationalbusiness schools

International degrees 10 Masters double degrees with topuniversities around the world, such asMIT Sloan School of Management,Indian Institute of Management -Ahmedabad, FGV – Escola deAdministraçao de Empresas de SaoPaulo, Freie Universität Berlin andTechnische Universität München

CEMS Master in InternationalManagementCEMS Global Alliance in ManagementEducation, founded in Europe in 1989, isnow the global alliance of 26 leadingacademic institutions and more than 60multinational companies dedicated toeducating and preparing futuregenerations of international businessleaders. The CEMS MIM is a one-year jointdegree program open to Master's

32

International reach

For over thirty years, HEC Parishas been actively establishing links with international partners,selected for their high standardsand reputation.

HEC Paris offers a unique range of programs and exchangeprograms as well as doubledegree programs.

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students from CEMS schools preparingthem for international careers.

13 MBA double degrees including New York University SternSchool of Business, MIT Sloan Schoolof Management, Tsinghua School ofEconomics and Management, NationalUniversity of Singapore BusinessSchool, London School of Economics,GSOM-St Petersburg State Universityand ESADE

The Executive MBAa unique degree in generalmanagement that offers 6 specializations and the option to learnfrom the best in 5 different locationsaround the world: Paris, Beijing,Shanghai, St. Petersburg and Doha

TRIUM Global EMBAan alliance between New YorkUniversity Stern School ofBusiness, London School ofEconomics and PoliticalScience and HEC Paris

The international Executive Master ofScience in partnership with OxfordSaïd Business School: the Consultingand Coaching for Change program

International partnerships

119Please see map on page 34

International associationsHEC Paris is a member of the followinginternational associations:

AEABIS - the European Academy ofBusiness in SocietyEDAMBA - the European DoctoralPrograms Association in Managementand Business AdministrationEUDOKMA - the European DoctoralSchool on Knowledge and ManagementUNICON - the International UniversityConsortium for Executive Education

Global InitiativesAmong others:

HEC Center for ExecutiveEducation and Research in QatarHEC Paris joined the Qatar Foundationin 2010 and is the first EuropeanPartner in Education City.Qatar Foundation's mission is toprepare the people of Qatar and theregion to meet the challenges of anever-changing world, and to make Qatara leader in innovative education andresearch.HEC Executive MBA and ExecutiveEducation programs are delivered in theheart of Doha’s West Bay zone, one ofthe most rapidly-expanding areas in theworld.

HEC Paris-TsinghuaEntrepreneurship Track Programin BeijingHEC Paris and Tsinghua School ofEconomics and Management offer aCertificate program in Beijing – theEntrepreneurship Track Program - forChinese women to becomeentrepreneurs. The program, which issupported by the Goldman Sachs“10,000 Women” initiative, trainsunderserved Chinese women whoaspire to, or currently operate, their ownbusiness, aiming to provide them withan integrated entrepreneurial andmanagerial education with a globalperspective.

Baltic Management Institute: aConsortium of European Leadersin Business EducationThe mission of Baltic ManagementInstitute (BMI) is to enhance themanagement skills of executives andbusiness leaders in the Baltic region inorder to ensure its continuing economicsuccess and its integration into theglobal economy. It combines theknowledge, resources and experience offive leading European business schools:Copenhagen Business School (CBS),Louvain School of Management (LSM),Norwegian School of Economics and

Business Administration (NHH),Vytautas Magnus University (VMU) andHEC Paris.

HEC Paris and TechnischeUniversität München (TUM) Double Degree ProgramIn April 2011, the TUM School ofManagement and HEC Paris launched adouble degree master’s program intechnology and management. Thisunique, cross-disciplinary programaims to train future managers ininternational technology-drivenindustries.

Centers of expertiseAmong others:

The HEC Paris Finance Club was setup in 1981 and collects information onthe world financial system for leadingspecialists from various fields offinancial management. The Clubcurrently counts 300 membersrepresenting a number of major firms.

The HEC Europe Institute waslaunched as a center for excellence inEuropean affairs in 2004, under theleadership of former French Ministerfor European Affairs, Noëlle Lenoir, andDeputy Dean of HEC Paris in charge ofExecutive Education and AcademicDevelopment, Bertrand Moingeon. It isa center for training, dialogue andcollaborative research for policymakers, business leaders andacademic experts across Europe. Itfocuses on the major socio-economic,political and business issues of the 21st

century."

The HEC Eurasia Institute is a thinktank on Asian business based on astrong dedicated research body at HECParis. It provides services to Europeancompanies in developing theirstrategies in the Asian market. Since itsestablishment by Jacques Gravereau in1988, the Institute has earned widerecognition for its expertise of the Asianregion.

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� Exchange programs

� Double degrees and joint programs: MSc in Management,MBA, EMBA, TRIUM EMBA

� HEC Center for Executive Education & Research

HEC Paris Academic Partners

IN EUROPE1 Aalto School of Economics , Helsinki, Finland2 Ashridge Business School, Ashridge, UK3 Baltic Management Institute, Vilnius, Lithuania4 Bogaziçi University, Istanbul, Turkey5 Copenhagen Business School, Copenhagen, Denmark6 Corvinus University of Budapest, Budapest, Hungary7 Cranfield University, Bedford, UK8 ESADE, Barcelona, Spain9 Faculdade de Economicas da universidade Nova de Lisboa,Lisbon, Portugal10 Freie Universität Berlin, Berlin, Germany11 IE Business School, Madrid, Spain

12 IESE Business School, Barcelona, Spain13 Instituut voor Bedrijfskunde, Zeist, Netherlands14 Koç University, Istanbul, Turkey15 London Business School, London, UK16 London School of Economics and Political Science, London, UK17 Manchester School of Business and Management, Manchester, UK18 MGIMO, Moscow State Institute of International Relations,Moscow, Russia19 Norwegian School of Economics and Business Administration,Bergen, Norway20 Oxford Saïd Business School, Oxford, UK21 Rotterdam School of Management, Erasmus Universiteit Rotterdam,Rotterdam, Netherlands22 Stockholm School of Economics, Handelshogskölan i Stockholm,

Stockholm, Sweden23 GSOM - St. Petersburg State University, School of Management,St. Petersburg, Russia24 Technische Universität München, Munich, Germany25 Trinity College Dublin, Dublin, Ireland26 Universidad Carlos III de Madrid, Madrid, Spain27 University College Dublin, The Michael Smurfit Graduate School of Business, Dublin, Ireland28 University of Belgrade, Faculty of Economics, Belgrade, Serbia29 Università Commerciale Luigi Bocconi, Milan, Italy30 University of Edinburgh, Edinburgh, UK31 University of Cologne, Universität zu Köln, Cologne, Germany

61 University of British Columbia Sauder School of Business,Vancouver, Canada62 University of California, Berkeley, Haas School of Business,Berkeley, USA63 University of California at Los Angeles, Anderson School ofManagement, Los Angeles, USA64 University of California, Davis, Graduate School of Management,Davis, USA65 University of Chicago, Graduate School of Business, Chicago, USA66 University of Michigan, Michigan Ross School of Business,Ann Arbor, USA67 University of Minnesota, Carlson School of Management,Minneapolis, USA68 University of North Carolina, Kenan-Flagler Business School,Chapel Hill, USA

69 University of Pennsylvania, Wharton School of Business,Philadelphia, USA70 University of Southern California, Marshall School of Business,Los Angeles, USA71 University of Texas, McCombs School of Business, Austin, USA72 University of Virginia, the Darden School, Charlottesville, USA73 University of Washington, Michael G. Foster School of Business,Seattle, USA74 University of Western Ontario, Richard Ivey School of Business,London, Canada75 Wisconsin School of Business, University of Wisconsin-Madison,Wisconsin, USA76 Yale University, New Haven, USA77 York University, Schulich School of Business, Toronto, Canada

IN SOUTH AMERICA78 Fundação Dom Cabral , Belo Horizonte, Brazil79 Fundação Getulio Vargas, Escola de Administraçao de Empresas de São Paulo, São Paulo, Brazil80 Instituto de Estudios Superiores de Administracion, Caracas,Venezuela81 INCAE Business School, Alajuela, Costa Rica82 Pontificia Universidad Catolica de Chile, Escuela de AdministraciónSantiago, Chile83 Universidade Federal do Rio Grande do Sul, Porto Alegre, Brazil 84 Universidad ESAN, Lima, Peru85 Universidad Torcuato Di Tella, UTDT, Buenos Aires, ArgentinaIN ASIA86 Asian Institute of Management, Makati, Philippines87 China Europe International Business School, CEIBS, Shanghai, China

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32 University of Economics, Prague, Prague, Czech Republic33 Universität Mannheim, Mannheim, Germany34 Universidad Politecnica de Catalunya, Barcelona, Spain35 Universidad Politecnica de Madrid, Madrid, Spain36 Universität St. Gallen, St. Gallen, Switzerland37 Louvain School of Management, Louvain, Belgium38 Warsaw School of Economics,Warsaw, Poland39 Warsaw University of Technology, WUT Business School,Warsaw, Poland40 Warwick Business School, University of Warwick, Coventry, UK41 WU Vienna University of Economics and Business, Vienna, Austria42 WHU Otto Beisheim Graduate School of Management,Vallendar, Germany

IN NORTH AMERICA43 Babson College,Wellesley, USA44 Boston University, School of Management, Boston, USA45 Columbia University, Columbia Business School, New York, USA46 Cornell University, Samuel Curtis Johnson Graduate School ofManagement, Ithaca, USA47 Dartmouth College, Tuck School of Business, Dartmouth, USA48 Duke University, Fuqua School of Business, Durham, USA49 Emory University, Goizueta Business School, Atlanta, USA50 Indiana University, Kelley School of Business, Bloomington, USA51 Instituto Panamericano De Alto Direccion De Empresa,Mexico City, Mexico52 Instituto Tecnológico Autónomo de México, Mexico city, Mexico

53 Massachusetts Institute of Technology,Massachusetts Cambridge, USA54 University McGill-Desautels, Faculty of Management,Montreal, Canada55 New York University, Leonard N. Stern School of Business,New York, USA56 Northwestern University, Kellogg Graduate School of Management,Chicago, USA57 Queen’s School of Business, Kingston, Canada58 Technológico de Monterrey (ITESM), Monterrey, Mexico59 Thunderbird University, American Graduate School of InternationalManagement, Glendale, USA60 Tufts University, the Fletcher School , Boston, USA

88 Chinese University of Hong Kong and CUHK Faculty of BusinessAdministration, Hong Kong, China89 Fudan University, School of Management, Shanghai, China90 Hitotsubashi University and Hitotsubashi ICS, Tokyo, Japan91 Hong Kong University of Science and Technology Business School,Hong Kong, China92 Indian Institute of Management Ahmedabad, Ahmedabad, India93 Indian Institute of Management Bangalore, Bangalore, India94 Indian Institutes of Technology (7) network, Mumbai, India95 Indian School of Business, Hyderabad, India96 International Academy of Business, Almaty, Kazakhstan97 Keio University and Keio Business School, Tokyo, Japan98 Nanyang Technological University, Nanyang Business School,Nanyang, Singapore99 National Taiwan University College of Management, Taiwan

100 National University of Singapore Business School, Singapore 101 SASIN Graduate Institute of Business Administration,Bangkok, Thailand102 Seoul National University of Korea, College of BusinessAdministration, Seoul, South Korea103 Shanghai International Studies University, Shanghai, China 104 Singapore Management University, Singapore105 Tsinghua University School of Economics and Management,Beijing, China106 University of Tokyo, Tokyo, Japan107 Zhejiang University School of Management, Hangzhou, ChinaIN OCEANIA108 Auckland University of Technology, Faculty of Business,Auckland, New Zealand109 University of Melbourne, Melbourne Business School,Victoria, Australia

110 University of New South Wales, Australian Graduate School of Management, Sydney, Australia111 University of Sydney,Faculty of Economics and Business,Sydney, Australia IN THE MIDDLE EAST112 Abu Dhabi University, Abu Dhabi, United Arab Emirates113 Kuwait University, College of Business Administration,Kuwait City, Kuwait114 King Saud University, Riyadh, Saudi Arabia115 Qatar Foundation, Doha, Qatar116 Technion Israel Institute of Technology, Technion City Haifa, Israel117 Tel Aviv University, Leon Recanati Graduate School of BusinessAdministration, Tel Aviv, IsraelIN AFRICA118 ISM Dakar, Dakar, Senegal119 University of the Witwatersrand, Wits Business School,

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In the programsThe MSc and the Specialized Masterin Sustainable Development

Both programs’ academic ambition is totrain creative and determinedmanagers and leaders who will help totransform the business model ofcompanies, and invent new modelscreating wealth for all, with no negativeimpact on nature and people. The curriculum focuses not only onproviding students with all thenecessary knowledge on environmentaland social stakes (climate change,biodiversity, poverty…) but also on thechanging environment of companies(pressures of civil society, financialmarkets and soft and hard laws).

Since September 2008, a Major inSustainable Development has beenavailable to students in the final year ofthe MSc in Management program.

The Social Realities andInnovations AcademyThis Academy is one of nineteen shortcourses offered to MSc students. Heldover 2-3 weeks in January, this shortprogram encourages participants toreflect on current social issues, such asold-age isolation or extreme poverty.

The “Alter-Management”specialization Established in September 2006, theAlternative Management Major is aspecialization available to students inthe final year of the MSc inManagement program interested inexploring new ways of thinking thatchallenge established ideas.

The “Social Business” Certificateprogram Offered in the final year of the MSc inManagement program as acomplement to the student’sspecialization, as well as MBA, MSc andSpecialized Masters students, thiscertificate aims to contribute towardstraining a new generation of managers,aware of societal challenges andaspiring to be part of the solution,regardless of their professional activity.The objective is not necessarily for allstudents to work in Social Business,but for them to acquire an awareness ofthe importance of these issues in theirfield of work and to develop questioningskills about the role of business insociety.

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Social awareness

Over the years, HEC Paris hasmultiplied its sustainable-development and socialinitiatives.

These initiatives all form part of an organizational learningprocess which HEC Paris seeks to further strengthen and develop, thereby positioningsocietal and environmentalissues at the heart of the school’s strategy.

There are three main focuseswithin the initiatives: teaching and research, equal opportunitiesand a green/eco-friendly campus.

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Development of Social Awarenessin the MBA programFor years now, the HEC Paris MBA hasdeveloped an integrated approach toteaching business ethics, sustainabilityand corporate social responsibility, inorder to develop social awareness.Initiatives like introducing coursescovering sustainable businesspractices, the proposition of a widerange of relevant electives, the annualon-campus Sustainable BusinessConference, the integration of Missionand Action Projects reflect the HECParis MBA’s ongoing commitment toforecasting and meeting the changingneeds of global business.

Research through the ChairsThe “Social Business/Enterpriseand Poverty” Chair

The aim of the chair is threefold:� To educate the next generation ofmanagers, encouraging them tobecome more aware of societalchallenges: The chair offers theintegrated “Social Business Certificateprogram” as well as several shortercourses on the topic.

� To develop quality research onstrategic innovation in societal fields aswell as composing case studies onthemes involving social business andthe ways in which business cancontribute to alleviating poverty.

� To bring together large firms,government members and heads ofnon-profit organizations to contribute tobuilding a more inclusive economy, inFrance and in developed countriesthrough the “Action Tank” initiative.

The goal is to help firms develop aseries of social experimentationsseeking to alleviate poverty. Twelvemultinational corporations are activewithin the “Action Tank” at this stage, infour different working sectors, and thisnumber is still growing.

This chair is co-presided by ProfessorMuhammad Yunus and Martin Hirsch,and receives financial support fromDanone, Schneider Electric, the Frenchgovernment (DGCS) and private donors.

The GDF Suez “BusinessSustainability” Chair

This chair focuses on business modelsfor sustainable development and howthey can be used to generate growthand create value. It examines socialentrepreneurs and multinationalcorporations coming together in socialbusiness initiatives. It also explores thewater and energy sectors and theconditions required to transformvolume strategies into value strategies.

The Renault “MulticulturalManagement and CorporatePerformance” Chair Dedicated to the study of dailycooperation of teams from differentcountries and cultures, this chairplaces particular emphasis onmanagerial practices geared toeconomic realities and to all types ofcultural diversity: national, professionaland organizational.

Alternative ManagementObservatory (AMO)The AMO welcomes students,researchers and executives who thinkoutside the box. AMO publicationsinclude case studies, articles andpapers.

The Society and Organizations(SnO) Research Center The SnO Research Center was createdin the wake of the 2008 financial crisisto question the prevailing socio-economic models of the time andinvestigate their historical foundations.Building on a wide range of disciplines(economy, sociology, psychology,history) and theoretical frameworks,SnO members study how organizationsaffect broader social issues and,conversely, how changes in the politicaland social spheres affect organizationalactions. SnO is supported by the HECFoundation.

Social diversity In partnership with the French Ministryof National Education and the HECFoundation, HEC Paris continues todevelop targeted tutoring andmentorship programs. These initiativesaim to promote academic achievementand equal opportunity among promisingstudents from disadvantagedbackgrounds.

Through the “Cordées de la Réussite”,HEC Paris supports and tutors morethan 200 students from preparatoryschools in the Paris suburbs and in twoFrench overseas departments.

PACE (Programme d’action et decoopération pour l’éducation) alsosupports students from disadvantagedareas in the Paris region in their finalyears of school, preparing them forfurther education. PREP’ is designedmore specifically for students preparingto attend business schools.

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These two programs involve more than60 HEC Paris students, all volunteersfrom large associations such as Fleurde Bitume.

Equal opportunitiesTo support access to excellence tostudents from disadvantagedbackgrounds and to enhance socialdiversity on campus, HEC Parislaunched a new need-based tuition feespolicy in spring 2009 where eligiblestudents pay neither entrance exam nortuition fees. The initiative is supportedby the HEC Alumni Association and theHEC Foundation.

Class Gift Created in 2005 by three HEC Parisstudents, this initiative encouragesstudents to say ‘thank you’ beforeleaving the campus by donating towardsHEC Paris’ development. Donationsmade to the HEC Foundation gotowards financing scholarships andgrants for future students.

Social awareness oncampusGrowing student response to HEC Parisinitiatives is reflected by the increasinglevels of involvement of students fromall programs in missions, internships,professional theses, student-led clubsand the organization of numerousconferences on social business-relatedsubjects.

ESP’R: an HEC Paris association forHopeThe ESP’R is an initiative set up by anHEC Paris student association enabling

students in their first and second yearsto accompany social entrepreneurs indifferent projects or missions.

Another student association Genepiorganizes workshops and courses inprisons.

The HEC Paris Net Impact club is incharge of the on-campus annualSustainable Business Conference thatbrings together more than 300 peopleto dialogue on the crucial challenges insocial and environmental sustainability.

Handifférence aims to make futuremanagers more aware of the issuesfaced by disabled people in theireveryday lives.

Responsible campusBeyond the academic programs itoffers, HEC Paris is also a practitionerof socially responsible initiatives.

In June 2005, the school launched the‘Responsible Campus’ initiative, whichaims to integrate sustainabledevelopment and social responsibilityinto teaching and research, campus lifeand social engagement.

An annual awareness day calledRethink showcases the ongoing effortsof staff, teachers and students tointegrate sustainability into their dailylives.In 2007, HEC Paris underwent a carbonemissions audit, and the schoolrecently published its first SustainableDevelopment Report, with a view tofurther reducing its carbon footprint.

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FocusConnecting people throughtechnology

On December 9, 2010, internationalthinkers and social activists convened on the HEC Paris campus forDigital4Change, a conference aimed atencouraging people to change theworld through technology-based socialactions. The event was co-organized byHEC Paris and danone.communitiesalong with over 50 partners and inpartnership with French EuropeanCommission representatives as part ofthe 2010 European Year for CombatingPoverty and Social Exclusion. Theconference united participants fromdifferent European locations via livebroadcast, streamed over the Internet.

Digital4Change brought together NobelPeace Prize winner Muhammad Yunusand Martin Hirsch, President ofFrance's Civil Service Agency withother panelists from leadingtechnology and social organizationsincluding Florence Devouard(independent consultant and formerboard member of Wikimedia), MattFlannery (Kiva.org founder), Walter deBrouwer (One Laptop Per Child –Europe), Mitchell Baker (Mozilla World)and Joe Green (Causes co-founder).

Keynote speeches and debateschallenged participants to rethink howweb 2.0 technologies can help developthe means to escape poverty andbecome tools for social inclusion.

Muhammad Yunus arrives at the conference

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“Rethink” annual awareness day

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In the programs Entrepreneurial themes are woventhroughout the curriculum of HECParis’ academic programs which givestudents first-hand exposure toexperienced entrepreneurs, venturecapitalists and consultants throughcoursework, group projects andseminars designed to test and honetheir entrepreneurial skills.

HEC Entrepreneurs

“HEC Entrepreneurs” is both aspecialization for HEC Paris MSc inManagement students in their final yearand a Specialized Masters dedicated toyoung French and internationalgraduates. “HEC Entrepreneurs” aims to trainyoung entrepreneurs who are ready tostep into positions of operationalresponsibility alongside managers, butalso as creators, venture capitalists oras strategic advisors. To this end, theSpecialization in Entrepreneurshipoffers students a human, scientifictraining through concrete field missionsand theoretical courses.300 + professionals are currentlytaking part in the major

MBA Entrepreneurs Track

As part of the customized HEC ParisMBA program, participants can chooseto follow classes in entrepreneurship.Available during the second half of theMBA, the Entrepreneurship andInnovation track enables students todevelop an understanding of all the keyissues and phases an entrepreneur willbe faced with.The track is offered with three types ofentrepreneurs in mind: selfentrepreneurs (create, develop, managesmall and medium sized companiesand start-ups); corporate entrepreneurs(set up / manage a business unit) andtakeover entrepreneurs (private equityinvestors / managers).

Executive Education

Challenge +A leading training program created forearly-stage companies working oninnovative projects with strong potentialand growth (24 days training over oneyear). 350 + companies have taken part sincethe program’s creation in 1990

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Entrepreneurship

HEC Paris provides theeducational programs,environment and opportunitiesmost conducive to the success of students, participants and graduates withentrepreneurial ambition.

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HEC Family Business CenterA center whose role is to design anddevelop, within HEC Paris, trainingcourses and research related to theproblems of family entrepreneurialprojects. The center proposes severalmanagement programs, short seminarsand family business related events.

The EntrepreneurialExcellence FellowshipThis fellowship receives the support ofthe CCIP.It is directed by Frédéric Iselin, AffiliateProfessor of entrepreneurship, and isco-chaired by Jacqueline Fendt fromESCP Europe and Maria Bonnafous-Boucher from Advancia Negocia.

Launched in December 2006 by theCCIP, this fellowship brings togetherthe expertise of 4 schools: HEC Paris,ESCP Europe, ESIEE Paris and AdvanciaNegocia. Its aim is to encourageresearch on entrepreneurship andinnovation and to incorporate thisacademic knowledge into managementtraining, for application in a professionalenvironment.

HEC Incubator Launched in 2007 for HEC Parisstudents and young graduates, the HECIncubator assists innovating businessstart-ups in their development, byproviding mentoring, workshops,networking and support in fundraising.

65 start-ups have been supported bythe HEC Incubator since its creation, inthe internet, mobile phone, software,media, and business services sectors,each of which offers innovative servicesand a high potential for strongdevelopment.

30 new business ventures, out ofaround 200 proposals, are launchedfrom student ideas every year.

1,000 students interact with theincubator start-ups each year across allareas of course study, in class lectures,case studies, start-up internships,research projects, etc.

100 mentors from HEC alumni supportthe start-ups every year. They are insenior management positions or areentrepreneurs themselves.

The HEC Incubator is supported byPierre Kosciusko-Morizet, entrepreneurand Founder of PriceMinister Group.

Initiatives HEC Paris Start-up In Vitro

There are entrepreneurs withoutprojects and projects withoutentrepreneurs. This is why in March2011 HEC Paris launched the pro-activeinitiative to match new innovative ideaswith highly skilled entrepreneurs. Therehave been 10 start-ups as of May 2011.

Social Entrepreneurship SummerSchool

The Université du droit d’entreprendre isdesigned in partnership with the SFRFoundation and the Talents des Citéscompetition and is co-financed by theEuropean Social Fund forentrepreneurs in outer city regions.Participants come from disadvantagedurban areas. Over three days, theybenefit from HEC Paris faculty andexecutives' support, through trainingsessions and workshops to stimulatetheir business projects and developtheir management skills.

Special annual eventHEC Mercury prize forentrepreneurship

This has been the largest annualentrepreneurship meeting organized bythe HEC Alumni Association for twelveyears. The awards recognizeentrepreneurial spirit at HEC Paris andthe development of the HEC Parisbrand’s entrepreneurial values acrossthe world.

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Shooting a student film on HEC Paris campus

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A100Mfundraising drive over 5 years

A70Mpledged in 2010

4funding priorities for HEC:

ScholarshipsAttract talented and diverse studentswith competitive financial aid

Research facultyRecruit world-class professors toproduce innovative research

PedagogyUpgrade teaching tools in line withcurrent technology and businesspractices

InternationalStrengthen HEC Paris’ internationalvisibility through investment in qualityacademic partnerships

55corporate partners (as of April 2011)including 15 Chairs Please see the list on page 20

112major donors (above u150,000)One alumni gift of u5 million

345alumni donors, members of our fiveclubs (above u5,000)

4,300donors(2,200 donors in 2010)

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For HEC Paris to continuestrengthening its internationalcompetitiveness, fundraising has become a vital tool.To help finance HEC Paris’ambitions, the HEC Foundationlaunched its first fundraisingcampaign in 2008.

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Our major donors’ generosity istruly valued and recognized in ourmajor donors’ circle

Grand HECPhilippe FORIEL-DESTEZET,H.58 Honorary President, Adecco

BenefactorsPierre BELLON,H.54 Chairman of the Board of Directors,SodexoDaniel BERNARD,H.69 Chairman, HEC Foundation; Chairman,Kingfisher plc; Chairman, M.A.F RetailGroup; President, Provestis; Senior Advisor,Tower Brook PartnersHenri de CASTRIES,H.76 Chairman of the Management Boardand CEO, AXA GroupFrançois-Henri PINAULT,H.85 Chairman and CEO, PPR groupDidier PINEAU-VALENCIENNE,H.54 Honorary President, Schneider;President, Sagard Private Equity PartnersValérie TAITTINGER,H.94 Co-Founder, Little Chef

Honorary MembersJean-Luc ALLAVENA,H.86 Managing Partner, Apollo ManagementInternational LLP; Honorary President, HECAlumni Association and HEC FoundationPierre ANDURAND,Andurand, M.00 Managing Partner, ChiefInvestment Officer, BlueGold CapitalmanagementRené-Pierre AZRIA,H.78 President, Tegris LLCOlivier COMBASTET,MBA.86 CEO, Pergam FinancePierre-Antoine GAILLY,H.75 President, CCIPSylvain HEFES,H.74 Senior Advisor, Rothschild & SonBertrand LEONARD,H.85 Deputy CEO, ExaneBernard PARENT,H.61Yoël ZAOUI,H.82 Head of Investment Banking Divisionfor Europe, Goldman Sachs International

Partner MembersDonald BRYDEN,H.74 Senior Advisor, Oaktree Capital FranceTony CHEDRAOUI,H.00 Founder and Chief Investment Officer,Tyrus CapitalPaul DINI,H.60 President, FinadinLoïc H.97 & Olivia MBA.98 FERY CEO, Chenavari Business Development Manager, The LawnTennis AssociationFrançois FEUILLET,H.70 CEO, TriganoThierry FLECCHIA,H.84 President, FlinvestPhilippe GINESTIE,H.66 Partner, Cabinet Ginestié MagellanPaley-VincentJean-Marie MBA.80 & Laurence MBA.80 HENNES,Executive Vice President, Mars & Co;Honorary President, HEC FoundationEric LOMBARD,H.81 Chairman and CEO, BNP ParibasAssuranceBernard MEHEUT,H.60 CEO, IDI Asset ManagementBruno MOINEVILLE,MBA.88 Partner, AlticeFrank PIEDELIEVRE,H.79 President and CEO, Bureau VeritasGuillaume POITRINAL,H.89 CEO, Unibail-RodamcoStéphane RICHARD,H.83 Chairman and CEO, France TelecomPascal STEFANI,H.88 Managing Partner, Advent International

MembersJean-Paul AGON,H.78 CEO, L’OréalJoseph AUDI,H.71 President, Interaudi BankMakram AZAR,H.90 Managing Director, Head of InvestmentBanking Middle East & North Africa BarclaysCapitalJean-Luc BELINGARD,H.71 CEO, bioMerieuxSébastien BRETEAU,M.97 CEO, Asia InspectionSéverin BRIZAY,H.93 Managing Director, JPMorganPascal CAGNI,MBA.86 General Manager & Vice PresidentEMEIA, Apple

Yves CANAC,H.76 Managing Partner, Conseil Audit &Synthèse SarlPhilippe CAPRON,H.79 Member of the Management Board -CFO, VivendiVianney de CHALUS,H.77 President, Chalus Chegaray & CieCyrille CHEVRILLON,H.76 Managing Director, Member of theExecutive Committee, Candover andFounder, Chevrillon & AssociésHervé CLAQUIN,H.73 CEO, Abénex CapitalChristophe CREMER,H.76 CEO, Prestashop and Founder,MeilleurTaux.comFrank DANGEARD,H.80 Managing Director and Founder,HarcourtPierre DANON,MBA.80 CEO, Numericable-CompletelGaël DUTHEIL de LA ROCHERE,H.88 Founder, Acorn EquityDenis DUVERNE,H.74 Deputy CEO in charge of Finance,Strategy and Operations, AXA GroupMichel de FABIANI,H.67 Former President, BP France and VicePresident Europe, BP GroupJean-Marie FABRE,H.71 President, Parvilla André FRANÇOIS-PONCET,H.80 Managing Partner, BC PartnersNathalie H.99 and Mathieu H.98 GAVEAU,Founder & CEO, Shopvolution Ltd Global Head IR Options & Exotics, BNPParibas SA Nicolas GIAUQUE,H.93 Fund Manager, Noonday AssetManagement LLPBruno GROB,H.72 President, OtisIsabelle GUICHOT,H.86 President and CEO, BalenciagaJean-Jacques GUIONY,H.84 CFO, LVMH and CEO, SamaritaineGuillaume d'HAUTEVILLE,H.85 Vice Chairman - Investment BankingEurope, Nomura InternationalPascal de JENLIS,H.73 President, Hameur & CieFrédéric JOUSSET,H.92 President and co-Founder, WebhelpHubert JOUSSET,H.65 President, GefipClaude JOUVEN,H.62 Former CEO, Citibank/Citigroup France,Belgium, Luxembourg and Ireland; HonoraryState Advisor

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Pierre KOSCIUSKO-MORIZET,H.99 CEO and Founder, PriceMinister GroupPierre de LABOUCHERE,H.76 President and CEO, J.T. InternationalSAHenri LACHMANN,H.61 Chairman of the Supervisory Board,Schneider Electric Industries SASBruno LAFONT, H.77 Chairman and CEO, LafargeHenri LAGARDE,H.63 CEO, FedalJean-Louis LAURENS,H.77 Managing Partner, Rothschild & CieBankMarc-Olivier LAURENT,H.75 Managing Partner, Rothschild & CieBankAlain LEBLEU,H.70 President, ATC Group Inc.Yann LECA,H.88 CEO - Supplier Group, PolyconceptPierre LEDOUX,H.35 † Philippe LE BOURGEOIS,H.86 Managing Partner, Rothschild & CieBankPierre-Louis le FAOU,H.71 President, LFC PartnersJacques LEHN,H.65 Senior Advisor, Goetz PartnersCorporate FinanceJean-Jacques LEJAL,H.77 Managing Partner, Capital Industries &AssociésJean-Claude LE LAN,EMBA.91 Chairman of the SupervisoryBoard, Argan SAMichel H.70 & Evelyne LEONARD,Managing Partner, SARL BellavoinePhilippe MARIEN,H.80 CFO, BouyguesErik MARIS,H.88 Managing Partner, Messier Maris &AssociésAlain MASSIERA,H.77 Head of the Crédit Agricole S.A. Group'sPrivate Banking businessDominique MEGRET,H.70 Former President PAI PartnersPaul H.87 & Diane H.87 MIZRAHIManaging Director, BlackFin CapitalPartnersDenis MONNOYEUR,H.76 Managing Director, Monnoyeur SAS

Ludovic de MONTILLE,H.77 Head of Territory, BNP Paribas UKPatrick MOUTERDE,H.89 CFO, PAI PartnersLise NOBRE,H.86 Partner, Butler Capital PartnersPhilippe ODDO,H.84 Managing Partner, Oddo & CieJean-François PALUS,H.84 CFO and Deputy CEO, PPRAlain PAPIASSE,EMBA.89 Head of corporate and investmentbanking, BNP ParibasJean-Luc PARER,H.76 Head of Global Finance, SociétéGénéraleJean PETERS,H.66 President, Jap International LtdChristian PEUGEOT,H.76 Marketing Central Manager, PSAPeugeot CitroënSamuel PINTO,H.78 Head of Asset Management, Edmondde Rotschild Investment PartnersHenri PROGLIO,H.71 Chairman and CEO, EDF; President ofthe HEC Paris BoardBaudouin PROT,H.72 CEO, BNP ParibasPascal H.84 & Françoise H.88 QUIRY,Managing Director, BNP ParibasJean-Louis RAMBAUD,H.87 †Deepak RAO,H.95 Managing Director, Goldman SachsInternationalClaude RAZEL, H.53 Chairman of the Supervisory Board,Editions LJSARobin ROUSSEAU,H.93 Managing Director, Goldman SachsInternationalKarim H.97 & Julie H.96 SADDI,Private Equity Partner, Tower BrookGwénaël de SAGAZAN,H.80 Partner, DC Advisory PartnersLaurent SAGLIO,H.85 Managing Director, Zadig AssetManagementBertrand H.87 & Isabelle H.87 SCHWAB,Partner, Patron Capital LtdJean-Dominique SENARD,H.76 Managing Partner, MichelinOlivier SEVILLIA,MBA.90 CEO South Europe & Latam,Capgemini Consulting

Olivier SIBONY,H.88 Managing Partner, McKinsey & CiePierre TATTEVIN,H.79 Managing Partner, Lazard FrèresRémi TERRAILH.91Jean-Pierre VALERIOLA,H.57 Communications Director, BettencourtSchueller FoundationChristian VULLIEZ,H.66 Member of the High Council forEducation, French Ministry of NationalEducation

Our circles of major donors:

Grand HEC: u5 million Grand Benefactor: u2 millionBenefactor: u1 million Honorary Member: u500,000Partner Member: u250,000Member: u150,000

www.thecampaign-hec.comwww.hec.fr/fondation

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A place where leaders speak

From left to right1- José Manuel BARROSO, President of the European Commission 2- Jacques DELORS, Former President of the European Commission3- Bill GATES, Chairman, Microsoft 4- Valéry GISCARD d'ESTAING, Former President of France 5- Mikhaïl GORBATCHEV, Former President ofRussia 6- Jeffrey IMMELT, CEO, General Electric 7- Helmut KOHL, Former Chancellor of Germany 8- Aleksander KWASNIEWSKI, FormerPresident of Poland 9- Samuel J. PALMISANO, Chairman, President and CEO, IBM 10- Romano PRODI, Former Prime Minister of Italy and formerPresident of the European Commission 11- Helmut SCHMIDT, Former Chancellor of Germany 12- Abdoulaye WADE, President of Senegal

The above have each received HEC Paris honorary degrees. Honorary degrees are awarded at official ceremonies at which therecipients are invited to make a speech of acceptance before the assembled faculty, graduates and students.

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6

10

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HEC Paris has the honor of welcoming leading figures from French and international public and private sectors to speak tostudents on campus.

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New amphitheater at the HEC Paris campus

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Ongoing internationaldevelopmentQatar Foundation

Qatar Foundation (QF) and HEC Parislaunched a unique partnership in June2010 for degree and custom executiveprograms aimed at providing cutting-edge practices in managementeducation in Qatar and the larger Gulfregion, targeting experienced managersand executives. HEC Paris became QFEducation City’s first European Partner.

This unique initiative with QF resulted inthe successful launch of Qatar’s firstever Executive MBA in February 2011and the establishment of a new Chairwith Total, which has long supportedHEC Paris’ arrival to Qatar.

IIM-Ahmedabad StrategicPartnershipHEC Paris and the Indian Institute ofManagement - Ahmedabad (IIM-A) haveextended the cooperation between thetwo leading business schools byofficially signing a Strategic PartnershipAgreement. It encompasses thefollowing areas of cooperation: faculty

exchange and joint research projects;student exchanges; executive educationand a double degree HEC MSc inManagement Grande Ecole program andIIM-A Post Graduate Program inManagement.

Leading the way forknowledge sharingHEC Paris and iTunes U

In March 2010, HEC Paris became thefirst French business school to share itsknowledge and academic content(courses and conferences) on iTunes U.Less than three months after thelaunch of HEC Paris on iTunes U, theacademic content made by HEC Parisfaculty was widely acclaimed. Manycourses now form part of the mostdownloaded podcasts on iTunes U, fourof which were selected by the editorialboard of iTunes U to be showcased onthe international iTunes U homepage.Following this great success in 2010,with a range of public lectures andcourses available for download, HECParis has been developing its academiccontent by uploading full researchworkshops on its iTunes U site.

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Highlights from 2010-2011

Maintaining its leading position in business education, HEC Paris has bolstered itsinternational presence by forging strategic partnershipswith leading institutions aroundthe world. Still strengthening anddeveloping its programs, HEC Paris continues to enhance the HEC experience for all participants.

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News from the campus MSc in Management’s AcademiesIn January 2011, HEC Paris GrandeEcole students participated in theAcademies, two-and-a-half-weekseminars offered once a year andstructured around a series of topicalseminars alternating theoretical study,practical workshops, case studies andgroup work.

Options cover a wide range of topicsincluding social innovation, film,business creation, consulting, e-business, business negotiations andpublic speaking.

Leadership in Real EstateHEC Paris has established a uniquepartnership with the Wisconsin Schoolof Business, USA, for the Global RealEstate Master (GREM) Program. TheGREM is an innovative short degreeprogram in partnership with the bestbusiness schools in Asia and LatinAmerica. It is the first and onlygraduate-level business programdesigned to provide students with aspecific set of skills and experiencesthat will prepare them to be leaders inglobal real estate. Participants receivetwo degrees and join two top-rankedinternational business school alumninetworks.

Certificate programsThe Certificate programs are offered tostudents in their final year of the MSc inManagement program and to MBAparticipants as a complement to thespecialization. They are a set ofinterdisciplinary courses correspondingto approximately 100 contact hours aswell as business projects and othertypes of field work related to a givensector, sponsored by a company.Students who successfully complete allthe courses in the same program areawarded an additional HEC Pariscertificate.

� Energy and Finance, sponsored byDeloitte and Société Générale

� Social Business, sponsored byDanone, Schneider Electric, theFrench government (DGCS) andprivate donors

� Real Estate, sponsored by Unibail-Rodamco and Morgan Stanley

� Luxury Strategies, sponsored by PPRLuxury Group

� Digital Business, sponsored by Free,Meetic, Pixmania, vente-privee.comand Pierre Kosciusko-Morizet as aprivate donor

A new approach tomanagementPartnership with National Museumof Asian Arts GuimetHEC Paris signed an exclusivepartnership with the National Museumof Asian Arts Guimet in October 2010 toencourage students to experience thearts and traditions of the Asian andOriental worlds with a new managerialand multicultural perspective. Thecollaboration involves classes andseminars led by the museum speakersand curators and group work with afocus on the national exhibitions.

International CompetitionShanghai 2010 Awards

In March 2010, HEC Paris and TsinghuaSEM launched the “Entrepreneurshipand the Sustainable City” competitionrelated to the Shanghai World Expo2010 theme, “Better City, Better Life”.The event was designed to raiseawareness among business studentsand young entrepreneurs about theopportunities and challenges ofsustainable urban development.

Over 1,000 candidates from Africa,Brazil, China, Europe, India, Japan,Russia and the US took part in theinternational business projectcompetition, which culminated in anexclusive awards ceremony held inShanghai on 15 July 2010. The 5 winning teams were awarded theLafarge, Sodexo, Schneider Electric,Veolia Environnement prizes and theGolden Prize from the Bank of China.

Ongoing support fromthe business worldHEC Paris is expanding its corporatenetwork through new and renewedpartnerships and chairs.

HEC Paris launched 3 new chairsbetween June 2010 and February 2011:the e-business chair “Digital Innovationfor Business”, the GDF Suez chair“Business Sustainability” and the AXAchair “Decision Science”.

Furthermore, seven forward-thinkingcorporations have joined HEC Paris.Alcatel-Lucent and MSD China (Merck),joined the Visions of Leadership Center.Schneider Electric now co-supportsHEC Paris' Social Business/Enterpriseand Poverty chair. Free, Meetic,Pixmania and vente-privee.com havejoined the HEC Foundation and nowsponsor HEC Paris' new DigitalBusiness chair, with the support ofPierre Kosciusko-Morizet, Founder ofPriceMinister, as private donor.

The support of these leadingorganizations allows HEC Paris to be atthe forefront of management research.For further information on the chairs, pleasesee page 20.

Last but not leastCampus extension HEC Paris will inaugurate 8,000 m² ofcampus extension at the end of 2011,including residential and studyfacilities.

This will increase the campus size to1,3 square kilometers.

Awards ceremony, Shanghai Grand Theatre

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EditorBernard RamanantsoaDean

Catalog CoordinatorsDelphine WharmbyCommunications [email protected]

Elisabeth de RéalsMedia Relations [email protected]

Samantha WilliamsCommunications Assistant

Photo creditJean-Marc Biais for HEC ParisF. Daburon for CCIP (page 5)

This document is printed on paper from eco-friendly forests