Professional Documents
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PhD
in Management The HEC Paris
PhD Program -
gateway to a career
in research and
academia
Doctoral Program 2 3 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
resources, and its campus and IT facilities.
Kristine De Valck
Associate Professor, Marketing
Doctoral Program 8 9 Doctoral Program
"When I joined HEC’s PhD Program, I had ideas but I lacked the
Placements
theoretical background and training in research methods that I needed to
rigorously tackle the research questions I was –and still am- passionate
about. At HEC, I benefited from top-level training as well as constructive
HEC Paris provides many levers of support to ensure its PhD graduates find placements at top Anne Jacqueminet
HEC Paris PhD 2015
interactions with faculty who played a central role in my development,
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 (Italy) new chapter of my life as an assistant professor at Bocconi University."
An Integrated
PhD Curriculum
The PhD program is structured in two major phases:
The Course
Program
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
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 • Theory of the Firm
the necessary foundations of knowledge to their respective departments, and hone their
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:
Dissertation
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, sustainability
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
The specialization welcomes PhD Macroeconomics and International
Supervised and trained by HEC
of industries. The specialization opportunities to explore how firms
in other fields such as finance,
Paris’ renowned faculty in finance, strategy, marketing and the
students interested in quantitative, Trade. offers training in foundations and can optimize their processes,
students receive rigorous training other specializations. I believe
qualitative, experimental and technical and methodological skills but also master new challenges
PhD students regularly interact in micro and macroeconomics, that rigorous training in the
theoretical research. needed to understand and analyze such as sustainable development.
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 as micro, behavioral sciences,
research seminar series on seminars, and they are exposed are exposed to recent advances
able to carry out research at the of manufacturing and service statistics, and econometrics
all aspects of accounting and to the most recent advances in in the field. Current and recent
frontiers of the field. operations, supply chain and lays the foundations for a high-
management control in which PhD the field. PhD students jointly with dissertation research includes a
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
quantitative methods to “business”
successful research career in
as uncertainty, interaction and microstructure, and household the highly competitive academic
problems.
competition. finance. environment of our times."
Main field courses: Main field courses: Main field courses: Main field courses: Main field courses:
• Financial Accounting Theory
• Applied Research in Financial
• G
ame Theory
• D
ecision Theory
• Corporate Finance Theory
• Asset Pricing
• Marketing and Sales
Organization
• Fundamentals of Supply
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
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 office, 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, New York University, 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 Graduate School of Management,
community of researchers for a limited period of time to hone
Cornell University, 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
Wendy
PhD student
Bradley for a full year in the IRP Program (Tuition fees are
adapted in proportion to the time spent at HEC Paris).
Vienna University of Economics and
Business Administration - WU Vienna
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
• PhD Coller Prize in Private Equity 2012, (faculty position at Paris School of Economics):
existence in 2013, is the main source of funding
London Business School • 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):
(Entrepreneurship Division) 2012 policy in its degree programs, thanks to many
• Finalist for the Wiley Blackwell Award
Wendy Bradley, PhD 2016 (expected), millions of funds collected every year from more
for Outstanding Dissertation Research in
Strategy & Management than 50 partner companies and from HEC alumni.
Business Policy and Strategy.
• Future Global Leaders Scholar Award The HEC Foundation provides generous funding
Thomas Roulet, PhD 2014, Strategy & Management
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
Application and Contact
Doctoral Program 20 21 Doctoral Program
www.hec.edu
www.hec.edu/Ph.D
HEC Paris PhD Program
E-mail : doctorat@hec.fr
Tél. : +33 (0) 1 39 67 94 51
France
78350 Jouy-en-Josas
1, rue de la Libération
Admissions Office
HEC Paris PhD Program
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