ESSEC Business School

Background

Founded in 1907, ESSEC Business School is a prestigious French institution specializing in business and management education. With campuses in Cergy, Paris-La Défense, Singapore, and Rabat, ESSEC offers a global perspective on education. The school's mission is to prepare leaders ready to address contemporary economic, environmental, and social challenges by producing innovative and relevant knowledge. ESSEC emphasizes critical thinking and creativity, aiming to equip students with the skills necessary to navigate an increasingly uncertain world. The institution's core values—humanism, responsibility, innovation, and openness—shape its scientific ambitions and pedagogical approach.

Key Strategic Focus

ESSEC's strategic focus is encapsulated in its "RISE" and "Transcend" strategies. The RISE strategy (2020-2024) centers on integrating programs that address societal challenges, investing in artificial intelligence, technology, and data, and prioritizing entrepreneurship and innovation. Building on this, the Transcend strategy (2024-2028) aims to prepare students for a future where they can make a significant impact. This includes reimagining curricula to focus on sustainability, digital transformation, innovation, and entrepreneurship.

Financials and Funding

As a non-profit organization, ESSEC's financial model relies on tuition fees, executive education programs, and partnerships. The institution has a budget of €160 million, supporting its various programs and initiatives.

Pipeline Development

ESSEC continually develops and enhances its program offerings to meet evolving market demands. Recent additions include the MSc in Sustainability Transformation, designed to equip future managers with the knowledge and tools necessary for sustainable impact. The school also offers a Master of Science in Data Science and Business Analytics and a Bachelor of Science in Artificial Intelligence, Data Analytics, and Management Science.

Technological Platform and Innovation

ESSEC distinguishes itself through several innovative platforms and methodologies:

Metalab for Data, Technology & Society: A multidisciplinary research center connecting academics and leaders in economics, analytics, artificial intelligence, and humanities to create groundbreaking coursework and research.

ESSEC Momentum Studio: An incubator supporting startups in areas like ClimateTech and eHealth, focusing on "DeepTech for Good."

Augmented Digital Campus: Offers a unique online experience, enabling students and participants to stay connected to the ESSEC community from anywhere in the world.

Leadership Team

ESSEC's leadership comprises experienced professionals dedicated to advancing the institution's mission:

Vincenzo Esposito Vinzi: Serving as President since 2017, he has been instrumental in implementing the RISE and Transcend strategies, focusing on integrating programs that address societal challenges and investing in technology and innovation.

Leadership Changes

Since Vincenzo Esposito Vinzi's appointment in 2017, there have been no significant changes in the top leadership positions.

Competitor Profile

Market Insights and Dynamics

The business education sector is highly competitive, with institutions striving to offer innovative programs that address contemporary challenges. The market emphasizes sustainability, digital transformation, and entrepreneurship, aligning with global economic and social trends.

Competitor Analysis

ESSEC's primary competitors include:

HEC Paris: A leading French business school offering a range of programs and holding triple accreditation (AACSB, AMBA, EQUIS).

EDHEC Business School: Another prominent French institution with campuses in Lille, Nice, Paris, London, and Singapore, also holding triple accreditation.

INSEEC School of Business and Economics: A French business school with a global presence, offering diverse programs and holding triple accreditation.

Strategic Collaborations and Partnerships

ESSEC has established numerous partnerships to enhance its educational offerings and global reach:

International Partnerships: Collaborations with institutions like UC Berkeley, University of Chicago, Dartmouth College, and Peking University for exchange and double degree programs.

Corporate Partnerships: Engagements with over 1,000 partner companies, providing students with internship opportunities, apprenticeships, and real-world business insights.

Operational Insights

ESSEC's strategic initiatives, such as the RISE and Transcend strategies, position it as a forward-thinking institution addressing contemporary challenges. Its global campuses and diverse program offerings provide a competitive edge in the international education market.