HEC Paris
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HEC Paris: Rankings, Cost, Programs, Placements

  • Private University
  • Institute Icon321 acre campus
  • Estd. 1881
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Dark Clock Icon Last updated on 28 Feb '25

HEC
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The HEC Paris MBA course has a ranking of #12 according to the Financial Times Ranking 2024 Category. 

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About HEC Paris

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Year of establishment
1881
University website
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Student website
Go to Website Link Arrow Icon
Campus size
321 acres
No. of campus
1
Scholarships available
9
Endowment value
Euro 48 million
Accepted exams
Q&A Icon
Commonly asked questions
On Highlights
Q:   Does HEC Paris accept CAT scores?
A: 

Yes, the HEC Paris University does accept CAT scores from international students. The applicants are holistically evaluated on the process, and the university considers various scores, excluding CAT. Applicants who don’t have a CAT score can also apply by producing their GMAT scores at HEC Paris. 

 Check out some preparation tips for CAT 2024

Q:   How hard is it for an Indian to get an admission in HEC Paris and what is its value?
A: 

HEC Paris is surely very difficult to get into for Indian students. Mainly beacuse of low level of acceptance rate of the unioversity. Only 8% of students are accepted. So for every 100 applicants only 8 students get admitted. Candidates must fulfill the specific course requirements to secure admission to HEC Paris. While the acceptance rate is very low it is suggested that the student applies early for higher chances of getting selected ( However, it's not the case for all students). The high acceptance rate can also be attributed to the fact the university if students have a good previous academic performance, and work experience, among others. It’s also important to note the University's other admission requirements.

Coming to the value of the HEC Paris, the university is one of the best management schools across the world. According to the QS ranking, the HEC Paris is ranked at 10 position in the world for MBA and for the Master in Marketing course has been placed at #1 in the QS subject rankings. Hence we can conclude by saying it's surely one of the best valued university in the world to get education from. 

Q:   What is the application fee for HEC Paris?
A: 

HEC Paris University has an application fee of EUR 60 .This fee is typically required when submitting an application for admission. It is important to remember that the application fee may be subject to change, so it is advisable to confirm the current fee amount before applying. The application fee helps cover administrative costs with processing and evaluating the applicants.

Q:   Is MBA good at HEC Paris?
A: 

HEC Paris has consistently ranked well for it’s business education. As evidenced by it’s high rankings in prestigious publications. In the Financial Times Master in Management rankings for 2021, HEC Paris secured the 2 position showcasing its quality. Its performance is QS ranking in accounting and finance and the Global MBA further demonstrated as a good premier institute. However check out the below rankings  table to know more:

Ranked By

2021

2022

2023

FT (Financial Times) - Master in Management [2]

2

NA

QS - Accounting & Finance [3]

20

19

NA

QS - Global MBA [4]

5

4

4

Q:   What is HEC Paris known for?
A: 

HEC Paris is known to be one of the world's best business schools. It is a leader in research and education in Management Sciences.

  • Popularly known for its MBA courses, the university offers this course for a first-year tuition fee of INR 7.65 lakh.  This course is offered for a duration of 16 months, during which first 8 months are focused on fundamentals, a rigorous combination of academic training and hands-on learning teach core business skills.
  • On the other hand, in the second phase of 8 months students can tailor the MBA program to match their personal aspirations and professional objectives.
  • The university boasts that nearly 4,000 of its graduates are currently CEOs, CFOs or are active founders of their own organisation. 
  • According to official website, nearly 25 per cent of HEC graduates start their own businesses. The HEC faculty helps in creating over 400-schoolwide entrepreneurial projects every year. 

HEC
HEC Paris Scholarships

9No. of scholarships available
1.7 CrTotal scholarship amount
Q&A Icon
Commonly asked questions
On Scholarships
Q:   Can I get full scholarship at HEC Paris?
A: 

Yes applicants can get full scholarships at HEC Paris, however all of them must meet the requirements. HEC Paris is able to offer over EUR 1,000,000 in aid every year. The HEC foundation gives the money and indirectly provides scholarships for students. However, scholarships amount in various amounts, and the university's scholarship committee decides the amount of aid awarded to the students.

Q:   How do I get a HEC scholarship?
A: 

Students admitted to HEC Paris are automatically considered for scholarships, but eligibility criteria differes for the scholarship applied by the students. To secure a HEC Paris scholarship, candidiates must meet specific academic, leadership and other criteria outlines by the university. The automatic consideration ensures that every admitted student is potential scholarship candidate. 

HEC Paris Admissions 2025

  • Application fees :Euro 110 - 200
  • Type of deadline :Depends on course
Document IconDocuments
Type of documentsApplicable for
SOPNot required
LORNeeded for all courses
EssaysNeeded for few courses
CVNeeded for all courses
Additional documentsRequired
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Admission details of all coursesRight Arrow Icon
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Commonly asked questions
On Admissions
Q:   How hard is it to get into HEC Paris?
A: 

With an acceptance rate of just 8%, HEC Paris upholds its reputation as a highly selective institute. The university Admission process involves a thorough evaluation process, Considering academic excellence, essays, Letter of recommendation, SOP, extracurricular activities and many more. Applicants are suggested to approach the admission process with utter dedication, showcasing their strengths and talents to get into HEC Paris. Beyond the numerical, the University is a great institution with an exceptional education and renowned faculty.

Q:   How can I get admission to HEC Paris?
A: 

The Below Admission process for the HEC MBA program: 

Step 1: Connect with HEC Paris and fill out an online form with the form to connect with the programme and receive to connect with the programme and receive personalised feedback. However, remember this step is not in the application process.

Step 2: Applicants must complete the application, decide on the deadline they wish to apply for and submit their complete application through the online application system. 

Step 3:After receiving the application, the admission board will conduct a pre-selection jury to review your application in detail.

Step 4: If the pre-selection jury selects Applicants, they will be invited for two separate interviews. HEC Paris conducts the interviews for MBA in  HEC Paris. The University strictly sees the applicant's communication skills, capabilities and academic excellence. 

Step 5: Official notification. After the interviews, your application will be reviewed by the admission jury. The jury strictly reviews your essays, Scores, Extracurricular activities, and work experience. 

Step 6: After the application is processed and thoroughly reviewed, the applicant will get an offer letter to the applicants.

Q:   How do I get admitted to HEC Paris?
A: 

International students willing to be admitted at HEC Paris for MBA programme requires a strong prepartion and meeting specific requirements. Here's a way to be admitted to HEC Paris:

  • Applicants must have a work expetience of 3-4 years.
  • Applicants must aim for an average score of 690 on the GMAT or 320 on the GRE.
  • Applicants should have a strong portfolio which pursuades the examiner.
  • Applicants should also highlight what unique they have done from the other candidates.
  • English requirements must be met. 
  • applicants hsould have strong LOR'S form work as well as from proffesors. 
  • Applicants should also write a good SOP to the university. 

HEC Paris Fees

Accordion Icon V3
Courses1st Year Tuition FeesDuration & Eligibility
MBA/PGDM(6 courses)
INR 22 L - 74 LGet Fee Details
Duration10-24 months
Exam AcceptedIELTS, TOEFL: 100 & Above, Duolingo: 135 & Above, GMAT, GRE, PTE: 72 & Above
M.Sc.(5 courses)
INR 22 L - 46 LGet Fee Details
Duration10-24 months
Exam AcceptedIELTS, TOEFL, Duolingo, GMAT, GRE
Read more
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Commonly asked questions
On Fees and Eligibility
Q:   What are the GMAT Score requirements at HEC Paris?
A: 

While HEC Paris does not have a minimum required GRE test score, successful candidates typically have very good test scores in the top quartile of the distribution. The average GMAT score of admitted candidates is in general around 700 which is now 645 on the latest edition.

Q:   What is the tuition fees for international students at HEC Paris?
A: 

The first-year tuition fees for international students at HEC Paris are given as follows:

Courses1st Year Tuition Fees
MIM (5 courses)
INR 20 L - INR 39 L
MBA/PGDM (1 course)
INR 78 L
Q:   What is the fees of HEC Paris in Indian rupees?
A: 

Below are the Fees for Indian students at HEC Paris: 

Courses

Duration

1st Year Tuition Fees

MIM (6 Courses)

(8-18 months)

INR 19.6 L - 36.01 L

MBA/PGDM (1 Courses)

(16 months)

INR 57.8 L

Q:   What is the application fee for MSc at HEC Paris?
A: 

HEC Paris University has an application fee for a MIM course of EUR 60. This fee is typically required when submitting an application for admission. It is important to remember that the application fee may be subject to change, so it is advisable to confirm the current fee amount before applying. The application fee helps cover administrative costs with processing and evaluating the applicants.

Q:   Can I get into Hec Paris with an average academic background and zero work experience?
A: 

The ideal candidate for the position possess at least 2- 10 years of professional experience, with the average for the class of 2025 has a minimum of 6 years experience. This range also allows students to have a diverse pool of applicants with various level of experiences. Hence applicants are suggested to have a minimum of 2- 10 years experience to get into HEC Paris. 

HEC
Students Ratings & Reviews

3.3/5
Verified Icon4 Verified ReviewsInfo Icon
Vibe of Campus
  • Multi-dimensional
  • Academically oriented
  • Easy going
  • Friendly
Student Views
  • 40% students never faced discrimination in this university
Internships2.8
Part time work1
Post study jobs2.8
Quality of faculty4.5
Student Life4.3
Value for money2.8
Public transportation3.8
Safety5
Indian Food2.8
Permanent Immigration3
A
AnonymousVerified Icon
Masters in International Finance - Batch of 2026
3.8
The university is good with great faculty and warm and friendly environment.
Tips: Before you join, you should know that the courses are very hectic, and you should always be more prepared than under-prepared. Also, there are various scholarships offered, and I got the Excellence scholarship worth 10000 Euros. Overall, I am satisfied with the course and the college.
Likes (Post study jobs): After graduating from HEC Paris, I was able to secure a work visa in France. I was also able to get a visa to work in the UK. Most UK companies sponsor visas for work. However, getting a work visa in any European country is not a hurdle. Jobs like Investment Banking, Equity Research, Sales, and Trading are common in my course.
Dislikes (Part time work): We can't do part-time work because the course is very hectic. Academics demand a lot of time; the rest goes into applying for summer internships. So it's advised to plan the budget accordingly and not rely on the income from the part-time. Part-time may be possible for other less hectic courses.
Reviewed on 14 Oct 2024Read more
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A
AnonymousVerified Icon
MBA - Batch of 2024
2.7
Don't waste your time, money and energy in European colleges.
Tips: Before coming here students should know that it is hard to get post-study job opportunities for Indians unless they speak French. I even noticed an Indian French teacher who could not secure a job after his MBA from HEC. So learn French before coming here and choose wisely whether this is what you want to do. Besides, the city is very safe and secure. The college is located on the outskirts of Paris in a village called Jouy en Josas which is a great city so you can enjoy your time here.
Reviewed on 8 Jul 2024Read more
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A
AnonymousVerified Icon
MBA - Batch of 2025
2.9
Good academics, poor career service, disappointing ROI - My HEC experience,
Tips: Have a clear idea about the role, industry, and location where you want to work. There are not many English-speaking job opportunities in Paris, and the same is true for many other European countries. The college has been increasing its enrollment consistently every year. It's a lot of investment, and apart from studies to an extent, college life, sports, etc., there's no other major value added or ROI. The most significant paint point is that the HEC Talent team, responsible for grooming you and helping you get jobs, is not very helpful. The quality of support, guidance, and talent events is below par. You have to do everything on your own. At the end of the day, all that matters is a job, and having such a bad talent team is just the same. They don't have enough corporate tie-ups. For a top college, they can have more connections in the corporate world. The job market and salaries in Europe are, anyway, depressed. The other most significant paint points are the French administration and language. They are slow, and the overall procedure of getting anything done is complex. Most professors are knowledgeable and highly qualified. There are nice things like Station F, CDL, etc., that help you explore beyond academics. The college campus is simply beautiful. The rooms are small, but that's okay. No restaurant on campus. No dinner is served in the cafeteria, only lunch. The sports facilities are nice. The MBAT tournament is fun. I would not recommend the college to anyone, simply because they don't groom you or provide enough support to get a job.
Likes (Safety): I've always felt safe on and around the HEC Paris campus. There are cameras at most entry points, with the exception, the hostel, the buildings, etc. There's campus security, which I think are 2-3 guards for a huge campus. The students are generally well-behaved, so there's no threat to security. I wouldn't say the college does anything exceptional or extra from a security standpoint. It's just safe in general.
Dislikes (Part time work): The HEC college is in a village 30 minutes from Paris. I found there are no part-time job options nearby. I don't know anyone MBAs or Master's students who work part-time. Some students do online work, but I found nothing physical in the area. I don't think it's possible to do any part-time work while in the MBA program. You just won't get the time.
Reviewed on 11 Jun 2025Read more
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C
Carmen Martinez Verified Icon
Masters in Marketing - Batch of 2024
3.7
It was an amazing and eye openning experience that changed my future.
Tips: Students should know HEC is not in Paris. Take advantage of the courses by actually taking the programme. Start applying to internships very early. Transition was fine, and no major cultural shock. Prepare yourself to meet people from all around the world who think differently from you. The university was very good, I enjoyed a lot the courses and the country as well.
Likes (Student Life): There are all kinds of clubs, and you can be as active as you want; it's a great way to meet people. The variety includes cultural, parties, sports, academic, and more. I enjoyed meeting people all the time. French courses are also important, as they are the best way to fully integrate.
Dislikes (Indian Food): I prefer eating out as there are no kitchens in each room. Also, time is a constraint, as there are a lot of things going on all the time, and you want to go for the easiest option. Each building has its own kitchen. Cafeteria costs 6 euros per meal, and Gustav costs 12 euros per meal.
Reviewed on 27 Apr 2025Read more
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M
Mahika Nahata Verified Icon
Master in Management- Grande Ecole - Batch of 2024
3.6
There are no part-time opportunities available on campus.
Tips: I am who I am personally and professionally because of the things I've learned at college. From living by myself, putting myself out of my comfort zone, and managing my finances. You get shortlisted for scholarships once you've been admitted into the college, is there is no separate application as such. I got the women's high-potential scholarship upon admission, without even applying. However, for Indians, you can apply for the Eiffel scholarship, which is via the government, but I'm not too sure. Overall, I am 100/100 satisfied with the overall experience at the college.
Likes (Safety): There is enough security on campus, and more than that, you're always surrounded by your friends, living in the same/building across you. The campus is 35 km away from the city of Paris, so it is like a little bubble you're living in, with everyone studying at HEC Paris.
Dislikes (Part time work): There are no part-time opportunities available on campus. Additionally, the college does not permit part-time job opportunities because of the hectic academic schedule. Off-campus opportunities are also not feasible as public transport to and fro the campus takes an hour plus.
Reviewed on 23 Apr 2025Read more
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HEC Paris Placements

Top Recruiters

Deutsche Bank
AT Kearney
Accenture
Air Liquide
Burberry
Amazon.com
Goldman Sachs
Cisco Systems
Bank of America
HSBC
Deloitte
Bain and Company
ebay
Barclays Capital
McKinsey
Google
bnp paribas
Blackrock
Wipro
Procter Gamble
KPMG
CapGemini
Henkel
Schlumberger
McKinseyCompany
Coca-Cola
Johnson Johnson
Boston Consulting Group
Singapore Airlines
pwc
Linkedin
Credit Suisse
Societe Generale
toyota
KPMG
Nissan
Standard & Poor Global Market Intelligence
lvmh
Microsoft
Tetra pak
Morgan Stanley
SCHNEIDER ELECTRIC
pwc
RBS (Royal Bank of Scotland)
Unilever
UBS
Visit official career services website External Link Icon
Q&A Icon
Commonly asked questions
On Placements
Q:   What is the average salary of HEC Paris graduates?
A: 

The HEC Paris average package is around INR 96.3 L and the sign-on bonus is INR 15.5 L. The highest HEC Paris MBA salary is USD 252,000 or INR 2.1 Cr in the Manufacturing sector. Given below in the table is the salary comparison by the industry for the years 2021 and 2022:

Industry

Annual Median Salary 2021

Annual Median Salary 2022

Government / Non-Profit

INR 70 L

INR 1.2 Cr

Consumer Packaged Goods

INR 86.2 L

INR 1.07 Cr

Energy

INR 71 L

INR 1.01 Cr

Retail

INR 63 L

INR 99 L

Consulting

INR 86.2 L

INR 97 L

Healthcare

INR 81.4 L

INR 94 L

Technology

INR 1.05 Cr

INR 91 L

Manufacturing

USD 132,735

INR 79 L

Transportation and Logistics Services

N/A

INR 76 L

Finance

INR 82 L

INR 71 L

Check the Cost of Living in France for Indian Students

Q:   How is the placement of HEC Paris?
A: 

The HEC Paris placements are impressive as it maintains 90% placements rate in past few years. For the class of 2022, the HEC Paris placeemnt rate is 92% and graduates accepted job offers within three months of graduation. The HEC Paris average package is around INR 96.3 L and the sign-on bonus is INR 15.5 L. Some of the top employers were Accenture, Deloitte, Meta, Google, IBM, Bain and Company, Microsoft, Whatsapp, etc. 

Q:   What is HEC Paris placements rate for MBA graduates?
A: 

For the class of 2022, the HEC Paris placement rate is 92% with an the highest salary of INR 1.2 Cr in government/non-profit industry. For more information, you can check the highlights of HEC Paris MBA placements:

Head

HEC Paris Placements 2021

HEC Paris Placements 2022

Placement rate

93%

92%

Overall average salary 

USD 128,628 or INR 1.07 Cr

USD 115,827 or INR96.3 L

Sign-on bonus

USD 18,485 or INR 15.4 L

USD 18,687 or INR 15.5 L

Top three industries

(by annual median salary)

Manufacturing, Technology, and Consulting

Government/Non-Profit, Consumer Packaged Goods, and Energy

Top employers 

Amazon, Deloitte, Morgon Stanley, ING, PWC, Lilly, etc.

Accenture, Deloitte, Bain & Company, Google, Meta, etc.

Placement reports 

Download

Download

Q:   What are the top alumni industries at HEC Paris?
A: 

Some of the top alumni industries where HEC Paris alumni members are working are given in the pie chart below:

Others Denote Consulting, Information Technology, Education, etc.
Q:   What is the average placement for HEC Paris?
A: 

The HEC Paris average package is around INR 96.3 L and the sign-on bonus is INR 15.5 L. HEC Paris is consistently ranked among the world’s leading business schools because of its impressive placements records. According to HEC Paris job outcomes for 2022 graduates,  92% of the class of 2022 accepted job offers within three months of graduation. We have mentioned below the HEC Paris MBA average salary by job location:

Locations

Annual Median Salary in 2021

Annual Median Salary in 2022

North America

INR 1.1 Cr

INR 1.6 Cr

Middle East/Gulf Region

INR 1.34 Cr

INR 1.3 Cr

Asia

INR 77 L

INR 1.03 Cr

Africa

INR 96 L

INR 1 Cr

Europe

INR 93 L

INR 94.3 L

Latin America

INR 59.3 L

INR 80 L

France

INR 74 L

INR 78 L







HEC Paris Rankings 2025

Q&A Icon
Commonly asked questions
On Rankings
Q:   Why to choose ESSEC Business School - France for MBA in France rather than HEC Paris?
A: 

ESSEC Business School and HEC Paris are both prestigious institutions offering MBA programs in France. In terms of global standing and recruitment, HEC Paris has a better reputation outside of France. However, ESSEC Business School offers a more affordable option for students, especially those taking loans. ESSEC Business School is ranked around 13 in Europe in QS rankings 2023 and has a more affordable tuition fee, reduced to approximately 35,000 Euros with a scholarship.
HEC Paris is ranked as the top business school in Europe in QS rankings 2023 and has a higher tuition fee of 98,000 Euros. 

HEC
College comparison

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Compare HEC with other similar colleges

MBA/PGDM
M.Sc.
College1st Year Tuition FeesRanking
INR 22.34 L - 74.21 L -/-
INR 53 L - 1.04 Cr#1041 US News, 2025
INR 41.39 L - 83.09 L -/-
INR 13.78 L - 51.99 L -/-
INR 35.34 L - 78.24 L -/-
INR 66.95 L -/-
The values are of the latest years available with Shiksha. For more details, check detailed comparison
View comparisonsRight Arrow Icon

HEC
Studying in France

Key Facts About France

Insights on education, demographics & weather.
Education in France
school Key Fact Icon
75+
backpack Key Fact Icon
9.5K
cashRegister Key Fact Icon
964 Hours per year
cashRegister Key Fact Icon
1 Year
Country stats
mapPin Key Fact Icon
Paris
keyUsers Key Fact Icon
66.65M (2025)
chartMixed Key Fact Icon
1%
letterA Key Fact Icon
French
Weather
July
CF
Popular LocationsMinMax
Paris1625
Lille1323
Nantes1425
Lyon1627
Explore popular study abroad destinations

HEC Paris Notable Alumni

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HEC 
FAQs

Q:   Is HEC Paris internationally recognized?
A: 

HEC Paris is a leading member of collaborative network, that brings together 125 prestigious institutions and universities from throughout the world. These partnerships allow HEC Paris students and participants the opportunity to carry out part of their training at one of the university's partner institutions, through double-degree or exchange programs, while developing the skills and gaining valuable international experience.

Q:   Is HEC Paris a prestigious school?
A: 
HEC Paris has been consistently ranked among the world's leading business schools in all media classfications and across all programs. In case of the international rankings, the Financial Times has placed the Business school at #1 in Europe in the European Business Schools Ranking 2021. For the Finance course, it has been placed at #1 worldwide in the QS subject rankings.
Q:   What is the tuition fees for international students at HEC Paris?
A: 

The first-year tuition fees for international students at HEC Paris are given as follows:

Courses1st Year Tuition Fees
MIM (5 courses)
INR 20 L - INR 39 L
MBA/PGDM (1 course)
INR 78 L
qna

Comments

qna

HEC

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 4 months ago

HEC Paris offers a range of scholarships for international students based on the eligibility criteria given on the official website. The value of scholarships can range from partial tuition to full tuition fees coverage. Some of the international scholarships offered at the institute are given as fo

...Read more

53480137
Tasneem Hoda

Contributor-Level 10

Answered 4 months ago

HEC Paris and INSEAD, both are esteemed institutions, however, admissions requirements vary depending on several variables. The acceptance rate at HEC Paris is lower at 8%. It is crucial to remember that applicants must fulfill all standards and that the acceptance percentage doesn't tell the whole

...Read more

R

Rashmi Singh

Contributor-Level 8

Answered 4 months ago

There are around 8 HEC Paris scholarships available for international students. The table below includes the list of scholarships with awards:

ScholarshipsAwards
Forte Foundation Scholarship for women candidatesINR 23 L
HEC Paris MBA Scholarships for ExcellenceINR 44 L
HEC Foundation Excellence ScholarshipsVaries
Women's High Potential ScholarshipINR 13.3 L

Also read: Scholarships for France

M

Manori Khandelwal

Contributor-Level 7

Answered 9 months ago

HEC Paris MBA provides a great return on investment. The tuition fee for the MBA course is €98,000. This is equivalent to INR 90 L. The average salary package reported for the 2023 graduates was $123,911 (Around INR 1 Cr.). This shows that the MBA course from HEC Paris is worth it as it can lead to

...Read more

43342425
Akanksha Malhotra

Contributor-Level 10

Answered 9 months ago

HEC Paris Placements salary for the MBA graduates on average for the Class of 2023 was USD 123,911 (Around INR 1 Cr.) and the median salary was USD 109,260. The salary details for the MBA graduates can be checked from the table given below:

Particulars20222023
Median SalaryUSD 110,540 (Around INR 93 L)USD 109,260 (Around INR 92 L)
Sign-on BonusUSD 18,687 (Around INR 15.6 L)USD 27,315 (Around INR 23 L)

43342425
Akanksha Malhotra

Contributor-Level 10

About the author

author image
Tasneem Hoda

Study Abroad Expert

Tasneem Hoda is a Content Creator and Writer working for Shiksha.com. Her role includes developing and maintaining web pages for international universities at the Shiksha Study Abroad Portal, ensuring accuracy, completeness, and alignment with instit...Read Full Bio
HEC Others(1)HEC Paris Front
HEC Others(2)New Academic Building
HEC Others(3)Entrance
HEC Others(1)
HEC Others(2)

HEC
Location

Accordion Icon V3
University CityParis, Other - France, France
Size of cityLarge
Population of City22,06,488

HEC
Campuses

Departments Icon1   Campuses
HEC Paris CampusUp Arrow Icon
Address

1, rue de la Liberation 78351 Jouy en Josas Cedex

Visit official site External Link Icon

HEC
Contact Information

Address

1, rue de la Liberation
78351 Jouy en Josas Cedex

Paris ( Other - France)

Go to College Website ->