The École des hautes études commerciales de Paris (often shortened to HEC Paris) is a university in Paris. It is one of a few privately-run universities in France, which are called Grandes Écoles. The university offers different degrees in the field of economics and management. It is financed by the Chamber of commerce in Paris. It was founded in 1881. It awards the degree of Master of Science, as well as doctorates and other postgraduate degrees, such as MBAs and EMBAs. About 2700 students are taught, about 500 finish their studies each year.