Hybridizing courses, technology, entrepreneurship, campus, international, sustainable development and social engagement, ESSEC took stock of its RISE strategic plan and announced the main new features for the start of the 2022 academic year.
In 2020, ESSEC presented its RISE strategic plan, built around Tech (data, IA), entrepreneurship, social engagement and sustainable development. CSR is at the heart of the business school, which makes 100% of its students aware of these issues. It is also one of the points that the school has developed in recent months.
Also read: A new director takes over the helm of ESSEC’s PGE.
The hybridization of skills at the heart of ESSEC’s news
Vincenzo Vinzi announced a strengthened partnership with CentraleSupélec, which results in the launch of a new post-baccalaureate program: Bachelor in AI, data science and management. It will introduce students to mathematical modeling of data analysis and AI in English. Candidates will benefit from an ESSEC-CentraleSupélec double degree. This collaboration will be inaugurated from the start of the academic year 2023.
A partnership with Carnegie Mellon University in the US has been signed to train future luxury experts who will also be immersed in data, a major technological innovation in this industry. The ambition is also to “make the luxury industry more sustainable”, explains Vincenzo Vinzi.
The hybridization of skills also involves the development of expertise linked to artificial intelligence, materialized by the construction of a Metalab. ESSEC’s desire with this Metalab was to study and anticipate the impact of artificial intelligence in all sectors. In the past two years, this institute has developed a tool at the service of professors and students to concretely confront big data and its analysis via algorithms. In addition, the business school’s teachers and students have been trained in metaverse.
Also read: PSG signs a partnership with ESSEC.
Together: ESSEC strengthens its environmental commitment
In 2020, ESSEC announced with its RISE plan a complete management overhaul to meet its ambitions in terms of environmental commitment. A dedicated position and team has been created to deal with all these topics. In addition, the business school has been working for more than a year on a review of its educational model, so that all the basic courses (marketing, finance, accounting, strategy, etc.) take these factors into account. Nevertheless, new chairs have been launched to train specialists in these subjects.
ESSEC has also announced that it will reduce CO2 emissions from mobile students by 25% by 2025. The institution wants to reduce its CO2 impact. A first calculation of the school’s balance has already been carried out in Scope 3. The first observation is that 64% of the CO2 impact is linked to student travel. This reduction in emissions will be achieved through three levers:
- Organization of study trips for students in geographical areas accessible by train, in particular.
- Financial support for students to encourage them to use low-energy means of transport for internships and study trips. These are sustainable mobility checks which can go up to €100 per students to encourage them to take the train or use carpools.
- Raise awareness of the different forms of transport that the student association NOISE carries.
Teachers and staff are not spared from this desire to reduce the school’s CO2 impact. However, since the health crisis, ESSEC has noted a decrease in staff travel. However, they will also have to rethink their travels. ComEx members, when required to travel, apply carbon offsets.
Also read: All about the RISE strategic plan.
Campus: major announcements from ESSEC
Vincenzo Vinzi took advantage of this press conference to review the new developments regarding the campus, starting with Campus 2020-2023, ESSEC’s major real estate project for its historic building in Cergy. Its goal: to increase accommodation capacity and achieve the highest standards in terms of energy and environmental performance.
The work is progressing as planned and the inauguration of the three buildings will take place in 2023 for a total investment of 60 million euros. In particular, it will include a building dedicated to new digital pedagogy and a section devoted exclusively to research.
ESSEC is also present in Singapore and Morocco. The number of pupils in these two regions of the world is constantly growing. The post-covid reopening of borders has allowed the school to regain momentum with over 1,000 students in Singapore and 300 in Morocco. The school’s CEO confirms that ESSEC through these campuses “could become a world school” and create a cultural change.
Also read: ESSEC launches a European track with several European schools
ESSEC used this press conference to recall its commitment to social innovation with the 20th anniversary of the dedicated chairman. It is also the anniversary of its Equality Scheme, where students from ESSEC train junior and senior high school students to give them the keys to access higher education.
ESSEC’s social commitment also involves the fresco of diversity, a workshop created by the business school for its students and other business schools. From now on, 100% of the institution’s staff work on this system when they return to school. In addition, several higher education institutions and companies have already encouraged ESSEC to establish this diversity awareness tool.
Finally, ESSEC takes stock of the first edition of the oral double call, which consists of calling around fifty scholarship candidates who have arrived within 0.2 points of the entry limit, while also having the same entry limit after the orals. These students do not know that they benefit from this unit during the oral. In 2022, 35 students took advantage of it, of which 24 joined ESSEC.
2022 also marks the anniversary of the ESSEC Apprenticeship Centre, which crossed the bar with 1,000 apprentices per year in 2021. Today, the school has more than 8,000 graduates trained through this route. , in collaboration with more than 1,000 partners. Vincenzo Vinzi, CEO of ESSEC, also recalls that the institution has never been so close to business.
Also read: ESSEC is committed to VSS.
Entrepreneurship at ESSEC with Enlightening Entrepreneurship
Today, 400 entrepreneurial projects are supported by ESSEC on all these campuses. Entrepreneurship was also one of the points that the school’s strategy, RISE, insisted on, with the establishment in 2020 of Enlightening Entrepreneurship. In 2022, startups founded by ESSEC students or graduates mobilized more than 2.3 billion euros in funding.
This year, ESSEC announces the development of two new tools for entrepreneurs. The first is a start-up studio launched in collaboration with CY Cergy Paris University, an unprecedented launch within the framework of an academic institution in France. This will be specialized in environmental issues and issues related to GreenTechs. Entrepreneurs will be able to rely on a large network of researchers, entrepreneurial professionals and an ecosystem of investors. Two million euros will be invested in this activity over the next six years.
The second tool launched by ESSEC is a chair, the Scale-Up Chair, in collaboration with Alcméon, Colonies and In Extenso. It will support fast growing businesses.
also read : Entrepreneurship : All about ESSEC’s Antropia program.
ESSEC in 2022
In this new school year, ESSEC welcomes 892 new participants to the PGE level. The first half were recruited through a post-prep competition, the other half by qualification. The Business School confirms its international dimension, which it wants to strive for, as foreign students represent 70% of the workforce at graduate level.
ESSEC also started its MSc in Sustainability Transition, which met with “great success”, says Vincenzo Vinzi. On the undergraduate side, the BBA was filled with 680 students and “a very strong selectivity at the level of the SESAME competition” as only slightly more than 10% of candidates were admitted.
2022 also marks the start of the Bachelor Act, an interdisciplinary education that delivers the degree of license and is supported in collaboration with CY Cergy University. The goal? Give students the keys to lead sustainable transformation projects. Environmental and social issues have been at the heart of the school and its programs since the launch of the RISE strategy in 2020. Today, the business school claims that 100% of students are aware of these subjects.
In 2023, ESSEC will celebrate its 50th anniversary at the Cergy site. Vincenzo Vinzi insisted on recalling the school’s engagement with the police and the prefecture to ensure the safety of the students. About sixty agents patrol the campus, aided by 150 cameras.