Posted by hautit on 11/30/12 7:39am
Hello forum, I'm in a great dilemma here.
I was fortunate enough to be accepted to the MiM programs at both HEC and ESCP. ESCP gave me full tuition scholarship, while I'm still waiting to hear news from HEC on scholarship. From my discussions with current students alumni, however, it doesn't seem like I will be getting as much scholarship from HEC compared to ESCP's.
I prefer HEC slightly because of its prestige and strong placement in finance and consulting. But I would be lying if I tell you that money isn't an issue.
Should I make my life easier and accept ESCP's offer? or take out a loan and invest in HEC?
Your advice is greatly appreciated.
-- Confused soul
Posted by Thomas Graf on 11/30/12 1:59pm
Well... that's a luxury problem.... ;) I am happy for your and would like to express my congratulations.
Now, the question is: Can I help you with this decision? At the end of the day it is you who needs to decide. But let me comment a bit....
In GENERAL, both schools have an excellent reputation. Depending on which ranking you choose you will find one or the other on higher ranking position. E.g., in the FT Master in Management Ranking you find the ESCP on 2 and HEC on 4. If you look at the FT European Business School ranking, you find HEC on 1 and ESCP on 12. Who cares...? Both are top-ranked, so rankings will not help you out here.
You mention the SPECIFIC reputation in finance and consulting. Taking into account where you want to work later on and calibrating which school offers better job entry chances is a GOOD approach. Now you need to consider how big this SPECIFIC difference between HEC and ESCP is.
Is it really big? Does HEC have better contacts into the industry, do more students find a job in these industries, or does the school offer any other advantage over ESCP regarding these industries....?
You need to FIRSTLY evaluate this difference and SECONDLY assess if this difference is it worth to forget about the scholarship.
Try to collect as much information as possible to answer the first point.
(1) Talk to HEC students, alumni, and school representatives and try to assess your chances of finding a job in your preferred industry.
(2) Talk to ESCP students, alumni, and school representatives and try to assess your chances of finding a job in your preferred industry - and even consider openly telling them that you are uncertain if ESCP offers you the same entry chances than HEC and that you would appreciate a feedback from them. If their feedback convinces you, fine. If not, then you know a what to do.
(3) Talk to 2 or 3 companies where you would like to work later on. Try to talk to someone in the HR department, say that you have offers from ESCP and HEC and that you would like to apply at this firm later on. Maybe they can tell you if one or the other school is preferred by them.
(4) Listen to your gut feeling.
May gut feeling is that there is not much difference. Hence, I would most probably choose the cheaper program - in that case the ESCP. But you may find a different decision and I hope that the structured approach above will help you a bit.
Posted by hautit on 12/03/12 5:45pm
Thomas, your advice is immensely helpful, especially in regard to the categorical and stepwise approach of solving the problem.For the last few days I have learned a lot more about both schools (from current students and alumni). I have gained much more interest and respect for ESCP. That said, I'm leaning a bit toward HEC because of their reputation with top recruiting companies.I still have to wait a few days for HEC's scholarship news. I think it's still a really tough call.Thanks again for the advice. I will keep you posted on my final decision.
Posted by Rajashekar on 03/29/13 7:18am
Firstly congratulations on getting selected to such great institutes. I just want to know about your GMAT score, what kind of profile did you had? I'm really passionate about the HEC Paris. I think if you'll help me out with these obstacles. I may get a clear idea and it would be really helpful for a confused mind like me. I want to know the minimum score that you have to get for admitting, the kind of profile that one should need for getting into the MIM program.
Eagerly awaiting for your response.
Posted by nfr007 on 12/15/12 10:21am
i wanted to know what are the basic criteria or the desired profile for selection at HEC and ESCP. I am currently pursuing my engineering and have a GPA of 3.55/5.00.The graduation GPA that they expect,GMAT score and anything else that can make my application get accepted successfully .
Thank YouSuheb Ahmad
Posted by Thomas Graf on 12/16/12 1:11pm
thank you for your message. Your first approach to answer these questions are the schools' websites.
The next step is the admissions office. Contact them and ask them to bring you in contact with current students. Then ask them about the application process and their personal experience.
In general, your lead questions are: Why shall they take you? And how would you be a contribution to the class? Try to develop good answers for these questions.
Try to go beyond "I have great grades" or "I have a great GMAT". Instead, try to reflect your OVERALL profile including your internships and other sources of experiences that made you the person you are today. You need to give them a reason why you are valuable for the class (e.g. you have interesting experiences in a special sector, e.g. internships etc.), you are self-reflected (why do you want to do the master?) and you are ideally career-oriented so that they can place you easily after the master.
Posted by nfr007 on 12/16/12 1:36pm
Thank You Thomas.Will the things that i had achieved in my school will count i mean sports and the international events which i had been a part off,would they contribute to my application or only my college extra curricular is relevant .I ll start my application procedure in 2013 September.Till then i am just figuring it out what could help me to build up an application that should help me.
Posted by Thomas Graf on 12/16/12 3:28pm
try to understand the logic of b-schools. Who are they looking for, particularly the renowned ones? Of course they look for people that are smart enough to pass the studies successfully and to not-disappoint professors. So far for the signals of intelligence (grades, GMAT, GRE, etc).
But beyond that they also look for interesting people that are valuable partners for the other classmates and - eventually - people that can be placed in firms. At that point, the question shifts from the schools to the firms. Who are they looking for?
To make a long story short: International experience is always good. Leadership signals are also something what they like. Diversity as well. Social engagement and thinking out of the box as well. Excellence in any discipline, no matter of playing guitar or cricket - yes.
Now, if you have stayed abroad - fine! I would mention that.If you have been captain in a sports team - mention that.If you have a very unusual hobby that may make you interesting - mention that.If you are excellent in something, for example as documented by prizes - mention that.
Don't get depressed if you don't have such a list of records. You can still get in without it. But I want to encourage you to reflect about yourself. This self-reflection process is helpful and business schools will appreciate a person that is self-reflected. Think about what parts of your life could be valuable for a school, the classmates, and the future employer. And then mention it in your CV. Don't overstate it - but usually everyone finds something that makes his cv special.
Posted by nfr007 on 12/16/12 4:21pm
Thanks a lot .
Posted by Rajashekar on 03/29/13 7:24am
I just want to know about fair GMAT score, what kind of profile that one need. I'm really passionate about the HEC Paris. I think if you'll help me out with these obstacles. I may get a clear idea and it would be really helpful for a confused mind like me. I want to know the minimum score that you have to get for admitting, the kind of profile that one should need for getting into the MIM program.
I'm an AIESECer. I'm still in the beginning of my AIESEC journey. I want to do some internships. I, also, want to know about what kind of internships do I have to do and would help me, not only for getting admitted also useful for my career after MiM.
Eagerly awaiting for your response and advice.
Posted by Thomas Graf on 03/29/13 11:30am
thank you for your question. The HEC Paris requires either the GMAT or the GRE. No one will tell you official minimum scores but I know from a personal conversation with the HEC that with a GMAT score of around 630 you should be fine.
630 is not an outstanding score, so it would not give you extra credit - but with 630, the GMAT will not kick you out of the admissions process.
Furthermore, 630 is just an orientation - not a hard minimum score. It may also be that you get accepted with 600. I actually received the feedback from an HEC MBA specialist many years ago that 600 is often seen as a minimum score.
Bottom line: It seens that the minimum score is 600 but - to be save - you should try to approach at least 630. If you manage to get a higher score your chances for admissions or even a scholarship rise.
Posted by Rajashekar on 03/29/13 6:41pm
Thank a lot for the information! Also I'm in a surrounding where I couldn't get much acknowledgement about many matters. It'll be very useful for me if you, also, mention a thing or two about the internships what type of internships one has to do. I'm an electronics engineering student. I want to shift to management. Please help me out here by providing useful info. Thank you.
Posted by Thomas Graf on 03/29/13 10:10pm
as far as I know you don't need internships to apply for a Master in Management. There are, however, some programs that integrate internships or in-company projects in their curricula - maybe a gerat opportunity to earn money during the program or meet your later employer.
Finally, since you have an engineering background you can apply for MIM programs that are open for people withotu a first degree in busines or economics. In our search engine you can use the filter "Entry requirements" to search for them.
Posted by Kay on 06/15/19 10:09am
I know this thread is old but I just wanted to ask, since I'm in the same predicament, what school did you end up choosing? and given the chance and the knowledge you now have, would you have chosen differently?
Posted by Sarvagya sharma on 04/08/20 9:29pm
Hey team,I am an aspiring candidate for the mim degree and am currently pursuing my engineering from Computer Science. I wanted to know about the GRE scores that would help me land into either one of the two, ESCP or HEC.Also, I would like you to evaluate my profile as of now:My cgpa is 7.26I am into extra curriculars as I am a volleyball player and have won awards.Also, I am a social club member and which has been recognized by the state's government various times.I am into speaking too and also am a content writer.Please tell me the possibilities as of now.Waiting patiently,Sarvagya Sharma
Posted by thomas.graf on 04/09/20 8:45am
"Please tell me the possibilities as of now."
The best way to find out your possibilities is to inform yourself about the specific requirements and admissions criteria of your target school. I can offer you two not mutually exclusive ways to do that:
Read the tips in my guidebook Business Masters - How you find the best Master in Management and MBA.
Best wishes,Thomas Graf
Founder of the MIM CompassAuthor of the MIM eBooks
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