Short Answer – The average GMAT score at ESSEC is 710 for the last entering class. If you score above 710, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – There is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640 getting selected into top schools like INSEAD and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score that is below the average, then you are starting a fight with one hand tied behind your back or, let’s say, you are starting a few yards behind your competitors. You can definitely catch up in other sections of the application by writing outstanding essays or performing really well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the over represented Indian or Asian Pool?”
The over-represented candidate pool of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora goes up by a few notches. That is why we recommend candidates within the most over-represented profiles to shoot at least 20 points higher than the school’s class profile average.
The average salary at ESSEC for the last graduating class was €72,489. 100% of the class was employed within 3 months of graduation with the majority of the class going into consulting (15%), Finance (40%), and Technology (10%) oriented functional roles.
Also, ESSEC Alumni already have 62,000 graduates with diverse profiles dispersed in all corners of the world. With unique personalities, they share a common goal to achieve their career objectives.
The Tuition fee for ESSEC MIF is € 40,840 for two years and €27,585 for one year program depending upon your degree and an additional € 24,000 in living costs for two years.
To sustain the academic excellence of the program and enhance the education and experience of our students, ESSEC Business School offers the Academic Excellence Scholarship to outstanding candidates and the Diversity Scholarship to students with varied cultural perspectives and backgrounds.
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We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks
GMAT / GRE Score
If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
3-4 weeks at least.
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.
Recommendations letters are very important. The admissions committee is used to looking at these and the ones that make the difference outline concrete examples of how the student lives up to the praise/recommendations given. You should therefore select references who know you best and have experience of working with you either academically or professionally. It is much better to have a reference from someone who knows you than from someone you have selected due to their position.
The GMAT is part of your application, however ESSEC takes your whole profile into consideration. If you are very good in one area it might compensate for a weakness in another area. Therefore, a good GMAT Score might be an advantage but no guarantee to get into the program as well as a less-than-perfect GMAT score is no knockout critirea. In any case you should aim for as high a GMAT score as you can possibly achieve.
No, prior professional experience is not required. Work experience does help you with your application to get into the program, as it improves your application.
The Master in Finance does not require a certain French level. Courses can be chosen so that the whole program is taught in English and all of the staff members at ESSEC do speak English. You have the chance to learn French during your program and also during an intensive course before the beginning of your program.
We do however strongly recommend you try and learn French when you are here. As you live in France and many of your fellow students and friends will be French-speaking, acquiring the language does help you during your time at ESSEC and in France. Moreover, if you are not French-speaking and want to remain in France for your internship or job in the future, learning French is fundamental.