Doctoral Program

PhD in The HEC PhD Program - gateway to a career in research and academia Doctoral Program 2 3 Doctoral Program

Accept the Challenge

"Every leading school or university recruits its professors on the basis of their promise to carry out groundbreaking research and to publish in the leading research journals. The HEC Paris PhD Program prepares for this challenge. It offers the training needed to enter the demanding world of academia. Built on a strategy of Ulrich Hege excellence, it aims to attract students with the highest level Associate Dean of academic ambition. The hallmarks of our program are & Professor of , intensive coursework, close supervision and full immersion Director of the PhD Program in the school’s research activities."

HEC Paris Founding member HEC Paris is fully accredited by the world’s three leading organizations of accreditation: AMBA, EQUIS, AACSB. Doctoral Program 4 5 Doctoral Program Why choose the HEC Paris A PhD Program PhD Program? with Global Reach

HEC Paris is one of the oldest and most acclaimed European Business The HEC Paris PhD Program is playing globally. It receives Schools: it is one of the two top Business Schools in Europe every year since applications and accepts excellent students from all over the world. Only a minority of PhD students and applicants are 2006 according to the . It is one of the leading Business French. Currently enrolled PhD students hail from 25 different Schools of the world: the Financial Times also ranks HEC Paris as the countries. A majority of them do not speak French when they #1 Business School worldwide for its pre-experience Master in Finance, and as the arrive. HEC professors and staff members communicate exclusively in English with them, and PhD courses are taught #1 Business School worldwide for its Executive Education programs. entirely in English. English is the only language requirement. HEC Paris strives to place its PhDs in the leading business The HEC Paris PhD Program is built on a strategy of schools of the world. HEC Paris PhD graduates have been excellence: hired in faculty positions in Europe, the and the rigorous selection process, the high calibre and ambition Canada, Latin America, Asia, Middle East/Africa, and of its students, the small size of the program with only between Australia/Oceania. 1 and 4 students enrolled in each area of specialization every At the same time, the HEC Paris PhD Program keeps ties with year, demanding coursework, one-on-one supervision, and the higher education landscape in France. For its training, strong support for successful placements are cornerstones it cooperates closely with the best graduate programs in of HEC Paris’ philosophy in PhD training. and management in the Paris area, such as Paris School of Economics, Ecole Polytechnique, ENSAE, PhD students benefit from the following key features: and INSEAD, all teaching in English. HEC Paris is a founding • Intensive course training at the frontiers of the field for up member of the new Paris-Saclay University, the leading to two years community of research and higher education institutions in France. Accredited by the French Ministry of Higher Education • Close supervision by the international, research-driven, since 1985, the HEC Paris PhD Program leads to the French young and yet renowned faculty of HEC Paris diploma « Doctorat ès-sciences de gestion », delivered by • Full immersion in the research activities at HEC Paris Paris-Saclay University. It offers French language courses. HEC Paris PhD graduates hold research and teaching • Exchanges with the world’s best business schools as a positions at top French institutions including visiting PhD student School of Economics, Paris School of Economics, CNRS*, • Research presentations in the leading international INSEAD and ESSEC. conferences

* Centre National de la Recherche Scientifique Doctoral Program 6 7 Doctoral Program A Diversity Funding of Backgrounds and Support

PhD students bring to HEC Paris a diversity of experiences The HEC Foundation is the main source and backgrounds: of funding for the PhD scholarships • Applicants come from all continents. and the PhD Program. It also provides • More than 45% of PhD students are female. funding for research and need-based • PhD students come with prior studies in management, scholarships under HEC Paris’ fully economics, but also in engineering and a variety of need-blind admission policy in all other academic fields. degree programs. • HEC Paris PhD students often have prior work experience.

The HEC PhD Program provides generous funding, research and travel support to its PhD students. It grants full scholarships and a full tuition waiver to all PhD students admitted to the program. "Prior to attending the PhD program at HEC Paris I worked in military logistics and marketing analytics in the United States. These experiences have been a great • Each new HEC PhD student receives a cost-of-living scholarship and assistantship guarantee of complement to the classroom training that I have had at HEC Paris. Moreover my 20,000€ per year, guaranteed for four years. The scholarship is funded by the HEC Foundation industry background has been a great source of inspiration when designing my and HEC Paris. research proposals, in collaboration with faculty. As an international student, I appreciate the stimulating academic and cultural experience at HEC Paris, and the • HEC provides a full tuition waiver to all its PhD students (from year 1 to year 4). Only a token diversity of the PhD student community." registration fee of 391€ applies (2015-2016). Ebenge Usip • Ample research and teaching assistantships are available. HEC Paris faculty members enjoy generous research funding provided by the HEC Foundation and others, like the Qatar Foundation PhD student or the French Government, of which a considerable part benefits PhD students. HEC Paris Operations Management students have ample opportunities to teach courses or help as TA and earn extra income.

"I have been supervising PhD students for eight years now. I am extremely proud • Additional generous fifth year scholarships are available. of all of my current and former students! As a thesis supervisor, you need to give clear direction, but you also need to give room to students’ personal discovery by • PhD students benefit from subsidized housing on HEC Paris’ green world-class campus. trial and error. You need to give all the support you can give, and then you need to • HEC Paris provides additional funding for research visiting positions abroad for periods between let them go their own way. I love working together with my PhD students. 3 and 12 months. It is enriching to see them grow and become experts in a field." • Comprehensive travel funding for up to two academic conferences per year is offered if a research paper is accepted.

• HEC Paris offers a top-notch research and teaching equipment with its library and electronic Kristine De Valck resources, and its campus and IT facilities. Associate Professor, Marketing Doctoral Program 8 9 Doctoral Program

"When I joined HEC’s PhD Program, I had ideas but I lacked the theoretical background and training in research methods that I needed to rigorously tackle the research questions I was –and still am- passionate Placements about. At HEC, I benefited from top-level training as well as constructive interactions with faculty who played a central role in my development, HEC Paris provides many levers of support to ensure its PhD graduates find placements at top Anne Jacqueminet HEC Paris PhD 2015 the fruitful relationship with my main advisor, from internal seminars, business schools and academic institutions. The complete record of all academic placement in Strategy & Management and from stimulating exchanges with other HEC PhD students. It is with the most recent year: Assistant Professor great enthusiasm but also a bit of nostalgia that I leave HEC and begin a Bocconi University () new chapter of my life as an assistant professor at Bocconi University."

2014-2015 "My PhD studies at HEC Paris were a very • Adrien Matray (Finance): formative, rich and intense experience. Faculty members are at the forefront of Princeton University - USA Complete academic placements in the preceding years: • Thomas Bourveau (Accounting & Management Control): research in their field, and I could benefit The Hong Kong University of Science and Technology from their constant and unwavering 2013-2014 support. Professors are very available, (HKUST) - Hong Kong • Boris Vallée (Finance): • Panayotis Georgallis (Strategy & open, and friendly, and always willing to Harvard Business School - USA Management): • Anne Jacqueminet (Strategy & Management): generously share their time with PhD Stephen M. Ross School of Business, Bocconi University - Italy students. HEC Paris is also very supportive • Olivier Dessaint (Finance): University of Michigan - USA (post-doc) • Alireza Keshavarz (Marketing): in getting student to present their work, Rotman School of Management, University University College Dublin - Ireland in internal brown bag seminars and in of Toronto - Canada • Navid Bazzazian (Strategy & Management): • Claire Garnier (Accounting & Management Control): international conferences. I spent a year • Lionel Paolella (Strategy & Management): National Bureau of Economic Research HEC Montréal - Canada visiting the School of Economics Judge Business School, University of (NBER) Fellowship - USA (post-doc) • Timofey Shalpegin (Operations Management): which helped me broaden my contacts and Cambridge - UK • Marco Clemente (Strategy & Management): - New Zealand perspective. All of this contributed mightily • Hedi Benamar (Finance): Aalto University - Finland (post-doc) to my job market outcome that saw me • Moumita Das (Marketing): Board of Governors of the Federal Reserve • Martin Goossen (Strategy & Management): receive offers from several world-class Tulane University - USA (post-doc) System - USA University of Lugano - Switzerland (post-doc) institutions." • Patrick Le (Organizations & Human Resources): of Governance - Germany (post-doc) 2012-2013 • Yi Li (Marketing): • Jean-Noël Barrot (Finance): • Céline Baud (Accounting & Management Control): IESEG - France Sloan School of Management, MIT - USA University of Laval - Canada • Bénédicte Grall (Accounting & Management Control): • Mahyar Eftekhar (Operations Management): • Jérôme Dugast (Finance): CNAM - France W.P. Carey School of Business Arizona State Banque de France - France • Shiva Taghavi (Organizations & Human Resources): University - USA • Thomas Roulet (Strategy & Management): NEOMA Business School - France • Marie Laclau (Decision Sciences): Saïd Business School, University of Oxford - Paris School of Economics - France UK (post-doc) • Anisa Shyti (Strategy & Management): • Delphine Gibassier (Accounting & Instituto de Empresa (IE) Madrid - Spain Management Control): Adrien Matray • Isabel Pedraza (Accounting & Management Control): Toulouse Business School - France HEC Paris PhD 2014 Copenhagen Business School - Denmark Finance The latest placement news can be found on the program Assistant Professor • Birgul Arslan (Strategy & Management): website, www.hec.edu/Ph.D Princeton University (USA) Koç University - Turkey Doctoral Program 10 11 Doctoral Program An Integrated PhD Curriculum The PhD program is structured in two major phases: The Course During the first two years, the student Starting in year two, the research and is provided with thorough training in the dissertation phase begins. It is devoted to the fundamental principles of management; the student’s research program and the writing of Program foundations of research methods; advanced the dissertation. Each student is supervised courses in the specialization area and skills by one or several thesis advisors among HEC New students entering the HEC The training is divided between field courses in the to conduct research leading to high-level Paris’ world-class faculty, and benefits from Paris PhD Program are enrolled specialization on one hand, and a joint course offering of publications. the support of other faculty members. Students in one of seven specializations. fundamental and methodology courses on the other hand. In We offer training equivalent to two full years discuss ideas, and design theory, models, Each specialization is associated the first year, training is about evenly divided between the two. of coursework. Details vary according to the methodology, and their research protocol in with one of HEC Paris’ academic The field courses and philosophy of each specialization are specialization, but all PhD students take at close relationship with their advisors. They departments and its research explained in the following pages. The joint course program least 320 hours of courses in their first two execute the research program, including faculty: currently offers: years. Students spend their entire first year data collection, interviews or surveys, and and an important part of the second year the empirical or theoretical analyses, as well • Accounting & Management Core Courses on Foundations of Management: with PhD level coursework. A comprehensive as the writing of the dissertation chapters. Control • Microeconomics specialization exam at the end of the first Throughout their PhD program, students • Decision Sciences • Behavioral Sciences year ensures that students have acquired attend the research seminars organized by • Finance the necessary foundations of knowledge to their respective departments, and hone their • Theory of the Firm advance in their studies. presentation skills in conferences. • Marketing • Operations Management Core Methodology Courses: • Organizations & Human • Methods of Empirical Research Resources • Statistics • Strategy & Management • Econometrics I

SPECIALIZATION THESIS Elective Courses, chosen (in agreement with advisors)

> > > from a catalog that includes: Research Seminars and Methodological and • Econometrics II; Econometrics III; Applied Econometrics; Doctoral School Courses Theoretical Bayesian Methods MSc Core Courses • Qualitative Methods ; Survey Methods MBA Thesis Writing • Experimental Methods I; Experimental Methods II

defense • Game Theory; Decision Theory; Social Networks: Theory, Specialization Courses Methods and Applications

Master Dissertation and Research Seminars Thesis proposals Research Assistantships

Specialization exam • Stochastic Processes • Pedagogy in Higher Education Doctoral Program 12 13 Doctoral Program Seven Specializations Accounting & Management Decision Sciences Finance Marketing Operations Management Control The Accounting and Management The specialization in Decision The specialization in Finance aims The specialization in Marketing The specialization in Operations Control specialization attracts PhD Sciences at HEC Paris prepares at training world-class researchers covers a wide array of topics Management aims to train world students interested in a large array students to pursue advanced in financial economics. The PhD in all subfields of marketing. class scholars willing to study of topics in financial accounting, research in many areas related to training in the finance specialization The specialization hosts PhD how organizations schould cope auditing, management accounting decision making by individuals and is based on the philosophy that students interested in research with the ever-changing economic and control. These include: organizations. PhD students are scholarship in finance requires in quantitative marketing and in environment in which firms operate. disclosure and transparency, offered rigorous training, focusing solid foundations in economics. consumer behavior, and welcomes Increasing interdependence, information (internal or external), on theoretical and practical PhD students are trained with the doctoral theses based on market turbulence, agency conflicts, management aspects of decision making. The twin goal of being well grounded in quantitative, qualitative, theoretical concerns, and the demand for control, performance measurement specialization is organized by the economics and of acquiring a broad and experimental research. PhD customized products and services and assessment, corporate Dept. of Economics and Decision horizon in finance and its major research topics in marketing pose new challenges. Process agility, "I enjoy teaching the PhD governance, auditing, chartered Sciences with its acclaimed fields, such as corporate finance, include marketing in consumer technological innovations, R&D and students at HEC Paris in the first- accountancy, and organization, scholars in Game Theory, Decision asset pricing and investments, markets and professional markets the exchange of information and year course in Microeconomics, as well as organizational Theory, Microeconomics, Behavioral market microstructure, and (B2B), consumers and buyers, material flows are pre-requisites both the students in my own and sociological aspects of Economics, Social Choice, banking. consumer demand, market for success. The specialization in field, of decision sciences, and management, control, and auditing. Statistics, but also Econometrics, structure, and structural modeling Operations Management offers Supervised and trained by HEC in other fields such as finance, The specialization welcomes PhD Macroeconomics and International of industries. The specialization opportunities to explore how firms Paris’ renowned faculty in finance, students interested in quantitative, Trade. offers training in foundations and can optimize their processes, strategy, marketing and the students receive rigorous training qualitative, experimental and technical and methodological skills but also master new challenges other specializations. I believe PhD students regularly interact in micro and macroeconomics, theoretical research. needed to understand and analyze such as sustainable development. that rigorous training in the with faculty and visiting scholars game theory, econometrics, and behavior and markets, with the Research topics focus on strategic, fundamental disciplines, such The department has an active during conferences and research in all major areas of finance. They goal of empowering students to be tactical, and operational aspects research seminar series on seminars, and they are exposed are exposed to recent advances as micro, behavioral sciences, able to carry out research at the of manufacturing and service all aspects of accounting and to the most recent advances in in the field. Current and recent statistics, and econometrics frontiers of the field. operations, supply chain and management control in which PhD the field. PhD students jointly with dissertation research includes a lays the foundations for a high- logistics, technology management, students actively participate. faculty members study aspects wide array of topics in asset pricing, quality PhD thesis and for a and generally the application of of human decision making such corporate finance, banking, market successful research career in quantitative methods to “business” as uncertainty, interaction and microstructure, and household problems. the highly competitive academic competition. finance. environment of our times." Main field courses: Main field courses: Main field courses: Main field courses: Main field courses: • Financial Accounting Theory • Game Theory • Corporate Finance Theory • Marketing and Sales • Fundamentals of Supply • Applied Research in Financial • Decision Theory • Asset Pricing Organization Chain Management Itzhak Gilboa AXA Chair Professor Accounting • Advanced Game Theory • Financial Econometrics • Persuasive Communication • Dynamic Programming in Decision Sciences • Theory in Management • Advanced Decision Sciences • Empirical Corporate Finance • Marketing Science • Inventory Models Accounting • Theory of Contracts and • Market Microstructure • Consumer Behavior • Management of Information • Empirical Research in Incentives • Asset Pricing, Liquidity and • Interpretive Consumer Systems Management Control • Experiments in Economics Market Imperfections Research • Foundations of Operations • Topics in Financial and and Social Sciences • Technology Management Management Accounting Doctoral Program 14 A Worldwide 15 Doctoral Program Network Organizations & Human Strategy & Management Presentations at Top Conferences Resources An integral part of the HEC Paris PhD experience is the emphasis on conference visits. The specialization in Organizations Strategy & Management studies Students present their work in the best and most selective conferences, to receive feedback on & Human Resources offers why and how firms garner and the research, tie connections with researchers in other academic institutions, and hone their opportunities for PhD students sustain a competitive advantage, presentation skills. The travel costs for conference presentations are fully funded by HEC Paris. both in Organizational Behavior and and how they can benefit from Every academic year, more that 30 students presentations are funded at conferences like AAA, adjacent topics in Management and adapting to and leading societal and AOM, SMS, WFA, EFA, INFORMS, EURAM, and many other top conferences. Organizations, as well as in Human technological change. Faculty and Resources Management. PhD PhD students focus their research students are active on many research on some of today’s most pressing Academic Visits at Leading Business Schools questions about organizations strategic challenges, those combining Faculty supervisors provide strong support for their students in receiving invitations for academic and career management. Faculty innovation, organization, competition, visits from top international academic institutions, and in organizing these visits and making research interests include: and institutional problems. them a success. These academic visits abroad present a great opportunity for students to enrich Particular issues emphasized in "At HEC Paris, our PhD program • Psychological and psycho-socio- their thesis, broaden their international network, and prepare their job market. They take place research undertaken at HEC Paris enables students to achieve the logical aspects of groups and mainly during the third and fourth year of the program (see the next page for a list of recent include alliances, M&A, integration best of their potential, advance networks destinations). strategies, institutional changes, research on critical domains, • Organizational sociology entrepreneurship and technology and serve society. Our goal is • Strategic Human Resources strategy. that they produce research Management "Exchanging ideas with researchers from other Research in Strategy and findings that will not only help institutions is important. HEC Paris is a vibrant institution • Change Management Management takes inspirations them to join the best academic with frequent research seminars given by speakers from • Leadership from many sources, and brings institutions in the world, but also together methods and insights all around the world. It provides unique opportunities for • Cross-cultural differences have an impact because they students to learn and discuss about up-to-date research from sociology, economics, and contribute to our understanding The specialization welcomes PhD management theory. It draws from while constantly meeting new researchers. Thanks to of fundamental economic, social, students interested in qualitative, these sources, but the field develops the HEC Foundation, students are encouraged to spend quantitative, experimental and an increasing emphasis on empirical and organizational phenomena." time abroad as visiting scholars and as attendees of field-based research. studies, using both quantitative and top conferences. I spent six months at the University of qualitative methods. Rodolphe Durand Michigan where I had the chance to receive guidance Main field courses: Main field courses: GDF Suez Professor of Strategic from renowned faculty in my field and start research • Teams and Multi-level • Innovation and Technology Management, HEC Paris collaborations. I feel that HEC Paris gave me the keys to HEC Paris PhD 1998, Research in Organizations Strategy prepare myself to a fruitful academic career." Strategy & Management • Individuals, Organizations and • Sociology of Strategy the Structuring of Careers • Economics of Strategy Thomas Bourveau • Organizations & Change • Strategy: Industry & Competition HEC Paris PhD 2015 Management • Strategy within Markets as Accounting & Management Control • Theory, Research & Practice of Disciplinary Structures Assistant Professor Career Choice HKUST (Hong Kong) • Introduction to Micro Organizational Behavior • Inductive Theory Building: Research and Design Doctoral Program 16 17 Doctoral Program Opportunities for Academic Visits Visiting PhD Students

The HEC Paris PhD Program offers the possibility to spend "To join HEC Paris as a Academic Visits by HEC PhD Students “I am a visiting fellow time at HEC Paris as a Visiting PhD student, through one of two visiting student was one of at MIT Sloan where I programs: the best decisions during In recent years, HEC PhD students visited the following have the opportunity to my PhD studies. The variety institutions for academic exchanges, ranging from 3 to 12 attend the classes of Individual Study Program (ISP) and quality of courses months: renowned professors like Visiting PhD students typically come to HEC Paris under the proved to be excellent. Scott Stern and Eric von ISP Program. Most visitors are PhD students enrolled at other Moreover, I benefited from • Sloan School of Management, MIT, USA Hippel, in addition to the research institutions, but some also come to visit HEC Paris to the open door policy of the • Harvard Business School, USA weekly seminars held at do post-doctoral work. The duration of visits typically ranges professors, who helped me • John F. Kennedy School of Government, Harvard University, the National Bureau of from one semester to one year, but there are no formal limits. to improve my research USA Economic Research. The The ISP program allows students to pick a customized course projects and enriched my • The Wharton School, University of Pennsylvania, USA close-knit community at program tailored to their individual needs: the course plan is thesis with their ideas and • Kellogg School of Management, Northwestern University, MIT allows me to work determined in close collaboration with the PhD , the challenging questions. I USA comfortably with other department involved, and the professor who acts as the primary was welcomed by a great • Haas School of Business, University of California at PhD students, and living in host for the student. The program typically includes PhD program PhD community from day Berkeley, USA Cambridge, MA, means I courses and seminars, as well as individual supervision by the one. At the end, I felt like • Booth School of Business, University of Chicago, USA can interact with a variety professor who is the primary host. leaving a second home." • Graduate School of Business, Columbia University , USA of scholars and professors • Stern School of Business, , USA from the surrounding Individual Research Program (IRP) • Department of Psychology, Stanford University, USA universities." The IRP program offers the opportunity for HEC Paris faculty • Stephen M. Ross School of Business, University of members to invite advanced PhD students with strong research Michigan, USA credentials to come as visiting PhD students, either to do joint • Fuqua School of Business, Duke University, USA research with faculty or PhD students, or to join the HEC Paris • Samuel Curtis Johnson of Management, community of researchers for a limited period of time to hone , USA their research skills and advance their research projects. • School of Business & Management, Hong Kong University of Science & Technology, China • Sauder School of Business, University of British Columbia, Canada For conditions and details on admission, see the PhD • London School of Economics, UK Program website: www.hec.edu/Ph.D/Visiting-PhD- Stefan Hahnenkamp • Saïd Business School, University of Oxford, UK. students/Individual-Visits. Tuition fees amount to PhD student 8,000€ for a full year in the ISP Program and 950€ Accounting & Management Control for a full year in the IRP Program (Tuition fees are Vienna University of Economics and Wendy Bradley - WU Vienna PhD student adapted in proportion to the time spent at HEC Paris). Strategy & Management An HEC Paris certificate can be awarded to Visiting PhD Students. Doctoral Program 18 19 Doctoral Program

Award-Winning Doctoral Research A selection of prizes recently won by HEC PhD students: HEC Foundation Jean-Noël Barrot, PhD 2012, Finance Ilze Kivleniece, PhD 2012, Strategy & Management (faculty position at MIT Sloan): (faculty position at Imperial College): • Top Finance Graduate Award 2013, • SMS Strategic Research Foundation Grant 2012 Copenhagen Business School The HEC Foundation, celebrating 40 years of Marie Laclau, PhD 2012, Decision Sciences existence in 2013, is the main source of funding • PhD Coller Prize in Private Equity 2012, (faculty position at Paris School of Economics): • Best Thesis Award, French Economic for PhD scholarships. The HEC Foundation is a Navid Bazzazian, PhD 2014, Strategy & Management Association (AFSE) 2013 non-profit organization aiming to fund research, (Post-doc National Bureau of Economic Research): the PhD Program and need-based scholarships Lionel Paolella, PhD 2015, Strategy & Management under HEC Paris’ fully need-blind admission • AOM Best Student Paper Award (faculty position at Judge Business School): policy in its degree programs, thanks to many (Entrepreneurship Division) 2012 • Finalist for the Wiley Blackwell Award millions of funds collected every year from more Wendy Bradley, PhD 2016 (expected), for Outstanding Dissertation Research in than 50 partner companies and from HEC alumni. Strategy & Management Business Policy and Strategy. • Future Global Leaders Scholar Award Thomas Roulet, PhD 2014, Strategy & Management The HEC Foundation provides generous funding Mahyar Eftekhar, PhD 2014, Operations Management (faculty position at Saïd Business School): to stimulate top-level academic research at (faculty position at W.P. Carey School of Business): • Grigor McClelland Best Dissertation Award, HEC Paris. It offers ample research grants to • 2014 Decision Science Institute Elwood S. EGOS, finalist professors and other researchers at HEC Paris. Buffa Doctoral Dissertation Award Many of these research funds offered in annual or Boris Vallée, PhD 2014, Finance Delphine Gibassier, PhD 2014, Accounting (faculty position at Harvard Business School): multiyear grants benefit HEC Paris’ PhD students (faculty position at Toulouse Business School): • Finalist for the Stuart I. Greenbaum Best who collaborate in the funded projects. • 2014 Emerald/EFMD Outstanding Doctoral Finance PhD Award 2013 The HEC Foundation also is an important backer Research Award • AFFI-Eurofidai Prize for the Best Doctoral of HEC Paris’ world-class research infrastructure, Martin Goossen, PhD 2014, Strategy & Management Thesis in Financial Markets 2014. such as its electronic database subscriptions, (Post-doc University of Lugano): • Top Finance Graduate Award 2014, IT and software equipment, experimental lab • Druid Society Best Young Scholar Paper Copenhagen Business School and library resources. It contributes to the Award 2013 • Best Thesis Award, French Economic development of HEC Paris in many other areas, Julien Jourdan, PhD 2011, Strategy & Management Association (AFSE) 2015 such as innovative projects in teaching and (faculty position at Bocconi University): • SFS Cavalcade Best Paper Prize 2015 blended learning, and social diversity. • EGOS Grigor McClelland Doctoral • ESRB Best Paper for Systemic Risk Award 2015 Dissertation Award 2012 • Benjamin Delessert Thesis Prize 2015 • AOM Best International Dissertation Award 2012 • Industry Study Association Dissertation Award 2012 Doctoral Program 20 21 Doctoral Program Application and Contact

Applicant Profiles Selection & Admission HEC seeks outstanding students with an Each application will be carefully screened by a ambition to become top researchers. Applicants faculty committee. For shortlisted candidates, must hold a Master degree or equivalent and an individual interview will be organized, have a very good working knowledge of English often via video or internet link, to get a better A cohort of around 15 students is recruited understanding of motivation and profile. each year. Admission decisions are announced about 4-5 weeks after the application deadline. Requirements The academic year starts in the first half of A place to live and learn September. There are 2 recruitment sessions per academic Located close to Paris and to Versailles, the 300-acre HEC Paris campus, full of lush green, is year, one in January and one in May. one of the largest in Europe. Paris, with its renowned institutions of arts and culture, is easily Funding and Tuition accessible. Before handing in their application form, HEC Paris grants a full tuition waiver and applicants are required to take the following generous cost-of-living scholarships to all tests: PhD students. For PhD students, only a legal On-campus Accommodation, Services and Facilities • GMAT or GRE (Management study aptitude registration fee of 391€ (2015-2016) per year tests) or TAGE-MAGE, the French equivalent applies. Students can be housed in one of the 1,350 individual rooms or 60 apartments on campus. • TOEFL, TOEIC or IELTS (English language For Visiting PhD students, the following tuition aptitude tests) fees apply (2015-2016): Among its other top-quality facilities: 8,000€ for the ISP program • 8 fully equipped PhD student with desks, PCs, software and printers Test scores are only accepted if less than 950€ for the IRP program 4 years old (1 year for TAGE MAGE). These fees will be reduced pro rata for shorter stays. • A library and multimedia resource center with comprehensive electronic subscriptions to An English test waiver is possible for applicants All fees are subject to change. more than 700 leading research journals and many databases, and also 60 000 books and CDs, having attended an academic program in PCs, etc. English for 1 year or more, or with extensive Contact • a fully equipped experimental lab in downtown Paris (jointly operated with INSEAD) prior English-language experience. Answers to Frequently Asked Questions can be found at website of the PhD Office. To contact • top IT facilities with a 7 days-a-week helpdesk, 7 open-access computer rooms, 1200 PCs There is no minimum requirement for test the PhD team: throughout the campus, and specialized software available for PhD students scores, but successful candidates typically have HEC Paris PhD Office test scores in the top quartile. • a language resource center and 3 languages laboratories 1, rue de la Libération 78350 Jouy-en-Josas - France • 20 amphitheaters seating between 70 and 475 people, including three large amphitheaters Applications with show stages, and more than 80 classrooms for 10 to 50 participants E-mail: [email protected] Applications must be submitted online at: Web: www.hec.edu/Ph.D • a trading room (in collaboration with Finacor and Dow Jones Telerate) www.hec.edu/Ph.D/Admissions/Application Phone: +33 1 3967 9451 • 2 business bookshops and a printing center Details of all required application material, • prime sports facilities: a 1600 m² sports hall (tennis, basketball, handball, volleyball, including two recommendation letters, badminton and climbing wall) and 8000 m² of outdoor fields with several soccer fields, tennis transcripts and cv, can be found there. courts, rugby pitch, and an athletics track Doctoral Program 22 A Complete and Unique Program Portfolio

Founded in 1881, HEC Paris specializes in education and research in management. As a leading academic institution in Europe and worldwide, HEC Paris offers a complete range of selective education programs for students and business leaders. HEC Paris has a permanent faculty of 115 professors, 2.500 full-time students (of which 40% international), more than 1.000 part-time degree students, and 8.000 participants in executive education programs every year.

Masters Programs Executive Education Programs MSc in Management, the leading «Grande Ecole» HEC Executive Education, ranked as one of the degree in France and one of the top programs two top programs worldwide recently according to in Europe, is a 18-month program, designed for the Financial Times, spans a wide range of degree students who hold a Bachelor’s degree in any field. and nondegree programs specifically designed for The 1st year is comprised of general business experienced managers and executives. In addition courses, the 2nd year is devoted to the student’s area to the Trium EMBA, its Executive MBA and Executive of specialization. Masters Programs, HEC Executive Education offers Open-Enrolment Programs, Custom Programs and Masters Programs also include one-year specialized Coaching. programs designed for students at postgraduate level who want to acquire high-level expertise and TRIUM Global Executive MBA, ranked #1 worldwide professional knowhow in their chosen specialization. by the Financial Times, is a joint degree program Masters of Science (MSc) programs are taught in developed by HEC Paris, New York University Stern English and Specialized Masters (MS) in French. School of Business (NYU Stern) and the London School of Economics (LSE), specially designed for The MSc in International Finance is ranked #1 global executives and CEOs. worldwide by the Financial Times. HEC Executive MBA, is a multi-site degree program designed to meet the needs of executives and senior MBA Program managers. The program is offered in 4 locations (Paris, HEC Paris campus, Shanghai, and Doha) The HEC MBA program, consistently ranked as and offers 6 Majors (Aerospace and Aviation, Energy, one of the top programs in Europe and a leading Entrepreneurship and Innovation, Global Business program in the world in all major rankings, offers Perspectives, Luxury and Differentiation through full immersion in a student body of highly diverse Service). academic and professional backgrounds, hailing from over 50 countries. Participants enhance their Part-time Executive Masters, are post-graduate knowledge base, sharpen their leadership skills, degree programs providing specialized training expand their corporate network, and aim to realize in specific areas of management such as the MSc their full potential. In addition to the full-time 16 HEC Paris Oxford Consulting and Coaching for months MBA, the part-time MBA (one week per Change and the MSc HEC Paris Oxford Reinventing month over 24 months) offers the opportunity to Management. combine work and an MBA education. Custom programs, ranked #2 worldwide by the Financial Times, are tailored and delivered on the precise needs of the client company. www.hec.edu HEC Paris PhD Program Admissions Office 1, rue de la Libération 78350 Jouy-en-Josas France Tél. : +33 (0) 1 39 67 94 51 E-mail : [email protected]

HEC Paris PhD Program www.hec.edu/Ph.D Conception : CCI Paris IDF - CICERO - PAO Les Bluets 602A - HEC Brochure doctoral_V2 - © Photos : Biais Jean Marc HEC Paris - Nicolas Reitzaum - J. Benhamou/CCI Paris Ile-de-France - Impression 02-2014 - Impression Ile-de-France Reitzaum - J. Benhamou/CCI Paris - Nicolas HEC Paris : Biais Jean Marc - © Photos doctoral_V2 Les Bluets 602A - HEC Brochure IDF - CICERO PAO : CCI Paris Conception