Our program aims to fulfill two objectives within a short period of time: lay the necessary foundations for any career in finance and provide in-depth knowledge in each student’s field of specialization. We achieve this goal by leveraging on the specific knowledge and experience students have acquired before joining HEC Paris:
> Business track students: already have taken at least introductory level courses in financial accounting, corporate finance, financial markets, derivatives and statistics in a Tier-A international business school or university. They frequently had a first internship in banking or consulting and are looking for an advanced set of tools to jump-start their career. Click also here for details.
> Accelerated track students: have received first class education in a highly quantitative field (maths, physics, engineering, econometrics...) and wish to switch their field to finance. They may or may not have taken some courses in finance and they may or may not have had a first internship in banking or consulting. Click also here for details. Business and accelerated tracks mainly differ in courses taught during the Fall term. Business track students follow the same courses as the “Majeure Finance” students of the HEC MSc in Management program, starting all courses at an advanced level and getting a first opportunity to specialize through “block electives”. Accelerated track students start all finance courses at an introductory level. However, they go through an intensive Fall term where courses are taught making full use of their strong quantitative skills.
Business track and accelerated track students have access to the same pool of electives in the Spring term and have the same career opportunities at the end of the program.
Program structure
HEC MIF courses take place from September to April until June within one of the HEC certificates. A HEC certificate corresponds to a group of courses with a sectorial focus on a specific area such as Energy and Finance, Real Estate or Social Business. Finally, MIF students must write a professional thesis and fulfill a 4 to 6 months “internship” requirement in order to graduate.
The professional thesis is written during the internship under the joint supervision of a professional and of an HEC faculty member. It constitutes an important component of the HEC MIF learning experience. The objective of the thesis is to explore how cutting-edge research is being implemented in the daily practice of finance in a highly competitive environment.
The “internship” requirement is satisfied when the student completes a professional experience of at least 4 months in finance or related fields subsequent to his or her coursework at HEC Paris. It is however important to stress that this professional experience may not be an internship per se. Our policy at HEC Paris is that the best type of internship is a full-time job! We strongly encourage our students to look for permanent hiring starting as soon as the coursework period is over.
The MSc in International Finance is granted when coursework, professional thesis and “internship” requirements are fulfilled.
The Global Real Estate Master (GREM) is designed for students seeking a career in the high-risk and high-reward field of international real estate. The first semester of the GREM is common with the MIF (business track or accelerated track, depending on the student’s profile and choice). The second semester is spent at the University of Wisconsin (GREM semester) where students join participants of the other GREM partner programs. Click here for details.
A certificate is a set of courses corresponding to approximately 100 contact hours, business projects and other types of field work related to a given sector. Some are offered by leading companies in specific sectors, others are launched by HEC individually. Click here for details.
The French language
MIF students do not need to speak French to enroll in the program as all core courses and most electives are offered in English. However, some knowledge of French can be useful to enjoy the full HEC experience : become professionally bicultural and optimize networking with French students and alumni. This is why HEC Paris offers optional French language classes free of charge to its international students.
The Global Real Estate Master (GREM) is designed for students seeking a career in the high-risk and high-reward field of international real estate.
NEW!
The University of Wisconsin now organises the GREM semester in Autumn (formally this option was offered in Spring). This change has deep implications for the structure of the HEC MIF /GREM double degree program, namely:
> The HEC MIF / GREM double degree program becomes a 3 semester program, with students completing first the "standard" MIF program from September to June.
> There is no longer a specific GREM application before joining the HEC MIF. The opportunity to apply to the GREM semester will be offered to all the HEC MIF Students during the second semester of their studies at HEC.
Students join participants of the other GREM partner programs, who come from all around the world: Asia (Hong Kong University of Science and Technology), South America (INCAE), Europe (HEC Paris). Students finally need to complete the same "internship" and thesis requirements as "regular" MIF students to graduate. The two-phase GREM program thus combines best-in-class instruction in finance at HEC Paris with training in the principles of international real estate during a capstone semester at Wisconsin. The GREM semester includes:
> 16 weeks of intensive instruction in real estate valuation, development and investment. > One or more field trips to a major U.S. real estate market. > Interactive professional development opportunities both in and out of the classroom.
Students learn from world-class faculty and professional experts in the real estate industry, develop an international network of professional connections, and gain a competitive edge for their careers as the next leaders of the real estate industry.
At the end of the program, students receive two master degrees, HEC MIF and GREM, and join the alumni networks of HEC Paris and the University of Wisconsin.
François Ortalo-Magné, Professor and Department Chair, Real Estate and Urban Land Economics, Wisconsin School of Business, expands on the unique benefits of this double degree program. He's also the Real Estate Certificate coordinator (watch second video on the right).
The unique GREM structure ensures all students start with a strong background in Finance. In Madison, the faculty builds on this background to bring students to a high level of proficiency in all aspects of the real estate industry. The coursework in Madison mixes theoretical concepts with hands-on applied experience, from theories of urban structure and asset pricing, to development projects and the development of investment strategies in publicly traded real estate instruments. No other masters program offers such breadth.
The faculty in Madison is unique in its combination of research expertise, publishing in the top scientific journals, with top industry-policy assignments. All lecturers are recognized experts in the domain they teach. By drawing on their business experience, they jump-start our students on their path to professional leadership.
Future Careers
The specific avenue you pursue upon graduation is up to you! Real estate activities are diverse-from development and construction to financing; from feasibility analysis and regulation to asset management and institutional investment; from research to urban planning, government affairs and more. The GREM is designed for those who would like to work around the world in the real estate industry. Students will gain principles of real estate finance and development that apply universally and will also be exposed to the variety of context and opportunities the real estate industry offers around the world.
You will have the resources of two alumni networks —your partner school’s alumni network and the Wisconsin Real Estate Alumni Association—the benefit of industry relationships with international professional organizations including AFIRE and RICS, and the advice of senior executives in global real estate.
GREM fees
> Tuition (GREM) and fees: $15,216 > Books and supplies: $520 > Living Expenses: $9,125 > Health Insurance (required): $900 > TOTAL: $24,951 USD
How to apply?
There is no longer a specific GREM application before joining the HEC MIF. The opportunity to apply to the GREM semester will be offered to all the HEC MIF Students during the second semester of their studies at HEC
For reference, please find below the key dates for the 2013 GREM semester:
> Dimitri Payan's interview below - Dimitri completed a pilot version of the GREM program in 2010. Watch the video. Read also Meryl Delpech, HEC MIF and GREM.
> Watch below the video of Meryl Delpech and Yann Dauloudet, currently in Madison for their GREM Semester. Meryl is on the HEC MS Finance track. Yann is an HEC MBA student.
Sponsored by a company, the Certificates are a set of interdisciplinary courses corresponding to approximately 100 contact hours as well as business projects and other types of field work related to a given sector. Each selected student for a certificate will be awarded an additional HEC certificate if he/she validates all the requirements of the course.
Students enrolled in our MSc programs also have the opportunity not to follow a Certificate and instead compose their own portfolio of Advanced electives courses according to their area of interest and professional goals among the following courses: Communication, Culture And Leadership, Country Risk Analysis: Emerging Asia, Geopolitical Analysis, Global Financial Services, Intellectual Capital, Intangible Assets And Link With Sustainable Development, International Financial Management, Performing In Organizations, Strategy And Sustainable Development, Sustainable Procurement, Value Proposition, Business Models & Business Plan.
HEC MIF students are guaranted admission in Energy & Finance (with Deloitte and Société Générale) : Investment decisions have become more and more complex with the discovery that most current forms of energy have a negative climatic impact. This reality requires corporations to deeply rethink their business models, individuals to change their behavior, and governments to adopt visionary policies. The Energy & Finance Certificate is an exceptional opportunity for participants to confront the issues in this sector and acquire the knowledge and analytical skills that will help them make informed decisions as important contributors to the current industrial revolution.
HEC MIF students are also eligible to the following certificates:
Digital Innovation for Business (with Free, Meetic, Pixmania, PriceMinister and Vente-privee.com): The Certificate provides HEC students with the opportunity to embrace e-business through an entrepreneurial approach. They will explore the various ways digital technologies enhance innovation through new business models, e-commerce, digital communication, collaborative marketing, funding of new ventures, etc.
Innovation Management in Aviation & Aerospace (with Safran): The general objective of the course is to provide participants with a set of skills and instruments to manage firms in high technology sectors and to understand the industry dynamics in these sectors. To this end, the course introduces conceptual frameworks based on cutting-edge research in economics, strategy and technology management.
Luxury Strategy (with PPR - Gucci, Yves Saint Laurent, Alexander McQueen, Balenciaga, Stella McCartney, Sergio Rossi, Boucheron...): The Luxury Strategies Certificate is a business oriented certificate, seeking to provide future managers with an in-depth understanding of the unique rules for the effective management of luxury brands and companies.
Social Business (with Danone, Schneider Electric, Renault and la Direction Générale de la Cohésion Sociale and private donors): The aim of the Social Business Certificate is to train students in the innovative business approaches that reduce poverty by offering new economic models for both developed and developing countries, and investigating new methods of co-creation and distribution of wealth to reduce poverty.
New certificates are expected in 2013/14: check out the HEC website regulary for more information !
The Global Real Estate Master (GREM) is designed for students seeking a career in the high-risk and high-reward field of international real estate.
NEW!
The University of Wisconsin now organises the GREM semester in Autumn (formally this option was offered in Spring). This change has deep implications for the structure of the HEC MIF /GREM double degree program, namely:
> The HEC MIF / GREM double degree program becomes a 3 semester program, with students completing first the "standard" MIF program from September to June.
> There is no longer a specific GREM application before joining the HEC MIF. The opportunity to apply to the GREM semester will be offered to all the HEC MIF Students during the second semester of their studies at HEC.
Students join participants of the other GREM partner programs, who come from all around the world: Asia (Hong Kong University of Science and Technology), South America (INCAE), Europe (HEC Paris). Students finally need to complete the same "internship" and thesis requirements as "regular" MIF students to graduate. The two-phase GREM program thus combines best-in-class instruction in finance at HEC Paris with training in the principles of international real estate during a capstone semester at Wisconsin. The GREM semester includes:
> 16 weeks of intensive instruction in real estate valuation, development and investment. > One or more field trips to a major U.S. real estate market. > Interactive professional development opportunities both in and out of the classroom.
Students learn from world-class faculty and professional experts in the real estate industry, develop an international network of professional connections, and gain a competitive edge for their careers as the next leaders of the real estate industry.
At the end of the program, students receive two master degrees, HEC MIF and GREM, and join the alumni networks of HEC Paris and the University of Wisconsin.
François Ortalo-Magné, Professor and Department Chair, Real Estate and Urban Land Economics, Wisconsin School of Business, expands on the unique benefits of this double degree program. He's also the Real Estate Certificate coordinator (watch second video on the right).
The unique GREM structure ensures all students start with a strong background in Finance. In Madison, the faculty builds on this background to bring students to a high level of proficiency in all aspects of the real estate industry. The coursework in Madison mixes theoretical concepts with hands-on applied experience, from theories of urban structure and asset pricing, to development projects and the development of investment strategies in publicly traded real estate instruments. No other masters program offers such breadth.
The faculty in Madison is unique in its combination of research expertise, publishing in the top scientific journals, with top industry-policy assignments. All lecturers are recognized experts in the domain they teach. By drawing on their business experience, they jump-start our students on their path to professional leadership.
Future Careers
The specific avenue you pursue upon graduation is up to you! Real estate activities are diverse-from development and construction to financing; from feasibility analysis and regulation to asset management and institutional investment; from research to urban planning, government affairs and more. The GREM is designed for those who would like to work around the world in the real estate industry. Students will gain principles of real estate finance and development that apply universally and will also be exposed to the variety of context and opportunities the real estate industry offers around the world.
You will have the resources of two alumni networks —your partner school’s alumni network and the Wisconsin Real Estate Alumni Association—the benefit of industry relationships with international professional organizations including AFIRE and RICS, and the advice of senior executives in global real estate.
GREM fees
> Tuition (GREM) and fees: $15,216 > Books and supplies: $520 > Living Expenses: $9,125 > Health Insurance (required): $900 > TOTAL: $24,951 USD
How to apply?
There is no longer a specific GREM application before joining the HEC MIF. The opportunity to apply to the GREM semester will be offered to all the HEC MIF Students during the second semester of their studies at HEC
For reference, please find below the key dates for the 2013 GREM semester:
> Dimitri Payan's interview below - Dimitri completed a pilot version of the GREM program in 2010. Watch the video. Read also Meryl Delpech, HEC MIF and GREM.
> Watch below the video of Meryl Delpech and Yann Dauloudet, currently in Madison for their GREM Semester. Meryl is on the HEC MS Finance track. Yann is an HEC MBA student.
Sponsored by a company, the Certificates are a set of interdisciplinary courses corresponding to approximately 100 contact hours as well as business projects and other types of field work related to a given sector. Each selected student for a certificate will be awarded an additional HEC certificate if he/she validates all the requirements of the course.
Students enrolled in our MSc programs also have the opportunity not to follow a Certificate and instead compose their own portfolio of Advanced electives courses according to their area of interest and professional goals among the following courses: Communication, Culture And Leadership, Country Risk Analysis: Emerging Asia, Geopolitical Analysis, Global Financial Services, Intellectual Capital, Intangible Assets And Link With Sustainable Development, International Financial Management, Performing In Organizations, Strategy And Sustainable Development, Sustainable Procurement, Value Proposition, Business Models & Business Plan.
HEC MIF students are guaranted admission in Energy & Finance (with Deloitte and Société Générale) : Investment decisions have become more and more complex with the discovery that most current forms of energy have a negative climatic impact. This reality requires corporations to deeply rethink their business models, individuals to change their behavior, and governments to adopt visionary policies. The Energy & Finance Certificate is an exceptional opportunity for participants to confront the issues in this sector and acquire the knowledge and analytical skills that will help them make informed decisions as important contributors to the current industrial revolution.
HEC MIF students are also eligible to the following certificates:
Digital Innovation for Business (with Free, Meetic, Pixmania, PriceMinister and Vente-privee.com): The Certificate provides HEC students with the opportunity to embrace e-business through an entrepreneurial approach. They will explore the various ways digital technologies enhance innovation through new business models, e-commerce, digital communication, collaborative marketing, funding of new ventures, etc.
Innovation Management in Aviation & Aerospace (with Safran): The general objective of the course is to provide participants with a set of skills and instruments to manage firms in high technology sectors and to understand the industry dynamics in these sectors. To this end, the course introduces conceptual frameworks based on cutting-edge research in economics, strategy and technology management.
Luxury Strategy (with PPR - Gucci, Yves Saint Laurent, Alexander McQueen, Balenciaga, Stella McCartney, Sergio Rossi, Boucheron...): The Luxury Strategies Certificate is a business oriented certificate, seeking to provide future managers with an in-depth understanding of the unique rules for the effective management of luxury brands and companies.
Social Business (with Danone, Schneider Electric, Renault and la Direction Générale de la Cohésion Sociale and private donors): The aim of the Social Business Certificate is to train students in the innovative business approaches that reduce poverty by offering new economic models for both developed and developing countries, and investigating new methods of co-creation and distribution of wealth to reduce poverty.
New certificates are expected in 2013/14: check out the HEC website regulary for more information !
The Global Real Estate Master (GREM) is designed for students seeking a career in the high-risk and high-reward field of international real estate.
NEW!
The University of Wisconsin now organises the GREM semester in Autumn (formally this option was offered in Spring). This change has deep implications for the structure of the HEC MIF /GREM double degree program, namely:
> The HEC MIF / GREM double degree program becomes a 3 semester program, with students completing first the "standard" MIF program from September to June.
> There is no longer a specific GREM application before joining the HEC MIF. The opportunity to apply to the GREM semester will be offered to all the HEC MIF Students during the second semester of their studies at HEC.
Students join participants of the other GREM partner programs, who come from all around the world: Asia (Hong Kong University of Science and Technology), South America (INCAE), Europe (HEC Paris). Students finally need to complete the same "internship" and thesis requirements as "regular" MIF students to graduate. The two-phase GREM program thus combines best-in-class instruction in finance at HEC Paris with training in the principles of international real estate during a capstone semester at Wisconsin. The GREM semester includes:
> 16 weeks of intensive instruction in real estate valuation, development and investment. > One or more field trips to a major U.S. real estate market. > Interactive professional development opportunities both in and out of the classroom.
Students learn from world-class faculty and professional experts in the real estate industry, develop an international network of professional connections, and gain a competitive edge for their careers as the next leaders of the real estate industry.
At the end of the program, students receive two master degrees, HEC MIF and GREM, and join the alumni networks of HEC Paris and the University of Wisconsin.
François Ortalo-Magné, Professor and Department Chair, Real Estate and Urban Land Economics, Wisconsin School of Business, expands on the unique benefits of this double degree program. He's also the Real Estate Certificate coordinator (watch second video on the right).
The unique GREM structure ensures all students start with a strong background in Finance. In Madison, the faculty builds on this background to bring students to a high level of proficiency in all aspects of the real estate industry. The coursework in Madison mixes theoretical concepts with hands-on applied experience, from theories of urban structure and asset pricing, to development projects and the development of investment strategies in publicly traded real estate instruments. No other masters program offers such breadth.
The faculty in Madison is unique in its combination of research expertise, publishing in the top scientific journals, with top industry-policy assignments. All lecturers are recognized experts in the domain they teach. By drawing on their business experience, they jump-start our students on their path to professional leadership.
Future Careers
The specific avenue you pursue upon graduation is up to you! Real estate activities are diverse-from development and construction to financing; from feasibility analysis and regulation to asset management and institutional investment; from research to urban planning, government affairs and more. The GREM is designed for those who would like to work around the world in the real estate industry. Students will gain principles of real estate finance and development that apply universally and will also be exposed to the variety of context and opportunities the real estate industry offers around the world.
You will have the resources of two alumni networks —your partner school’s alumni network and the Wisconsin Real Estate Alumni Association—the benefit of industry relationships with international professional organizations including AFIRE and RICS, and the advice of senior executives in global real estate.
GREM fees
> Tuition (GREM) and fees: $15,216 > Books and supplies: $520 > Living Expenses: $9,125 > Health Insurance (required): $900 > TOTAL: $24,951 USD
How to apply?
There is no longer a specific GREM application before joining the HEC MIF. The opportunity to apply to the GREM semester will be offered to all the HEC MIF Students during the second semester of their studies at HEC
For reference, please find below the key dates for the 2013 GREM semester:
> Dimitri Payan's interview below - Dimitri completed a pilot version of the GREM program in 2010. Watch the video. Read also Meryl Delpech, HEC MIF and GREM.
> Watch below the video of Meryl Delpech and Yann Dauloudet, currently in Madison for their GREM Semester. Meryl is on the HEC MS Finance track. Yann is an HEC MBA student.
Sponsored by a company, the Certificates are a set of interdisciplinary courses corresponding to approximately 100 contact hours as well as business projects and other types of field work related to a given sector. Each selected student for a certificate will be awarded an additional HEC certificate if he/she validates all the requirements of the course.
Students enrolled in our MSc programs also have the opportunity not to follow a Certificate and instead compose their own portfolio of Advanced electives courses according to their area of interest and professional goals among the following courses: Communication, Culture And Leadership, Country Risk Analysis: Emerging Asia, Geopolitical Analysis, Global Financial Services, Intellectual Capital, Intangible Assets And Link With Sustainable Development, International Financial Management, Performing In Organizations, Strategy And Sustainable Development, Sustainable Procurement, Value Proposition, Business Models & Business Plan.
HEC MIF students are guaranted admission in Energy & Finance (with Deloitte and Société Générale) : Investment decisions have become more and more complex with the discovery that most current forms of energy have a negative climatic impact. This reality requires corporations to deeply rethink their business models, individuals to change their behavior, and governments to adopt visionary policies. The Energy & Finance Certificate is an exceptional opportunity for participants to confront the issues in this sector and acquire the knowledge and analytical skills that will help them make informed decisions as important contributors to the current industrial revolution.
HEC MIF students are also eligible to the following certificates:
Digital Innovation for Business (with Free, Meetic, Pixmania, PriceMinister and Vente-privee.com): The Certificate provides HEC students with the opportunity to embrace e-business through an entrepreneurial approach. They will explore the various ways digital technologies enhance innovation through new business models, e-commerce, digital communication, collaborative marketing, funding of new ventures, etc.
Innovation Management in Aviation & Aerospace (with Safran): The general objective of the course is to provide participants with a set of skills and instruments to manage firms in high technology sectors and to understand the industry dynamics in these sectors. To this end, the course introduces conceptual frameworks based on cutting-edge research in economics, strategy and technology management.
Luxury Strategy (with PPR - Gucci, Yves Saint Laurent, Alexander McQueen, Balenciaga, Stella McCartney, Sergio Rossi, Boucheron...): The Luxury Strategies Certificate is a business oriented certificate, seeking to provide future managers with an in-depth understanding of the unique rules for the effective management of luxury brands and companies.
Social Business (with Danone, Schneider Electric, Renault and la Direction Générale de la Cohésion Sociale and private donors): The aim of the Social Business Certificate is to train students in the innovative business approaches that reduce poverty by offering new economic models for both developed and developing countries, and investigating new methods of co-creation and distribution of wealth to reduce poverty.
New certificates are expected in 2013/14: check out the HEC website regulary for more information !
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