Would you like a Free Profile Evaluation?

Coming soon…

HEC Montreal MSc in Finance: Detailed Overview

26/10/2023

630

Avg. GMAT

NA

Work Experience

$66K

Avg. Cost of Study

16-24

Months Duration 

$75K

Avg. Salary

Summary

Introduction to HEC Montreal MSc in Finance

HEC Montreal’s Master of Science in Finance equips you with the skills and knowledge to excel in the dynamic world of finance. Gain a comprehensive understanding of financial markets, corporate finance, risk management, and quantitative methods. Participate in the prestigious NBI Fund, where you’ll manage a real $5 million portfolio, and take advantage of international exchange opportunities through the QTEM network. This rigorous program boasts a near 100% placement rate, preparing you for a successful career in finance.

Why Study HEC Montreal MSc in Finance?

89

QS Ranking

  • Application of advanced theoretical knowledge, statistical and econometric methods to solve concrete and current problems in finance.
  • Acquisition of portfolio management analysis and business diagnosis techniques.
  • Utilization of financial concepts (capital markets, financial asset valuation models) and applied mathematics (financial engineering, financial econometrics).
  • Development of skills for making recommendations in the field of market finance or corporate finance.
  • Research groups and chairs renowned in Canada and abroad
  • French language courses and the Experience Quebec course can help international students integrate into the Quebec and Canadian job markets. This pathway is offered to most students who choose the supervised project stream.

Program Costs + Living Expenses: HEC Montreal MSc in Finance

$42,600

Avg. Cost of Tuition/Quarter

+ 

$24,050

Avg. Living Cost

66,650

Avg. Cost of Study

CategoryEstimated Cost (USD)
Accommodation$8,400 – $12,600
Food$4,200 – $6,300
Transportation$1,200 – $1,800
Utilities (including internet)$900 – $1,500
Miscellaneous expenses (books, clothing, entertainment)$3,600 – $5,400
Health Insurance (optional)

$1,200 – $1,800

Total: $19,500 – $28,600

Employment Prospects: HEC Montreal MSc in Finance

100%

Employment Rate

    Most Sought-after Jobs

Business intelligence analyst

Financial analyst

Investment analyst

Market parameters analyst

Risk manager

Factors Contributing to Strong Employment Prospects:

  • Reputation of HEC Montréal: Ranked among the top business schools globally, HEC Montréal’s reputation attracts top employers.
  • Curriculum: The program provides students with the skills and knowledge necessary to succeed in the financial industry.
  • Network: Students benefit from access to HEC Montréal’s extensive alumni network.
  • Career Services: HEC Montréal provides comprehensive career support to its students.

Eligibility Criteria for HEC Montreal MSc in Finance

  • You must hold a university degree recognized by the State giving access to a master’s program at your original university.

    Note that a baccalaureate or bachelor’s degree including a technological diploma (BTS, DTS or DUT) is not eligible.

  • You have obtained, for all years of university, an average of at least 12 out of 20 or the minimum GPA required by the University of origin for an admission into a graduate program.
  • Successfully pass one of the following admission tests before the application deadline for the program. Some tests are offered online.

    Admission tests are mandatory unless, at the time of your application, you have successfully completed at least 45 undergraduate credits in Canada or at least 30 graduate credits in Canada. No exemption is granted on any other basis than studies done in Canada.

Documents required: HEC Montreal MSc in Finance

  • Application form: Completed online application form.
  • Application fee: $100 CAD (non-refundable)
  • Official transcripts: Official transcripts from all previous post-secondary institutions attended, including those not completed. Transcripts must be translated into English or French if not already in one of these languages.
  • Curriculum vitae (CV): Up-to-date CV or resume highlighting your academic and professional experience.
  • Statement of purpose: A one-page statement of purpose outlining your reasons for pursuing the Master of Science in Finance program, your career goals, and how this program will help you achieve them.
  • Two letters of recommendation: Two letters of recommendation from academic or professional referees who can speak to your suitability for the program.

Application Deadlines - HEC Montreal MSc in Finance

FallWinterSummer
February 15September 15No admission

Wondering if you can target this school?

Free Profile Evaluation Workshop

Join our live workshop and

Get all your profile related questions answered. 

Ameer khatri Portrait 2

Scholarships Available: HEC Montreal MSc in Finance

Every year, HEC Montréal allocates approximately $1.6 million in scholarships and other awards to M.Sc. students, providing significant financial support for their studies.

Entrance Scholarships:

  • Award Range: $2,000 to $4,000
  • Criteria: Top candidates admitted to the MSc in Administration program based on their academic record at the time of admission.
  • Application Process: No application is required; successful candidates will be notified by e-mail.
  • Additional Benefit for International Students: International students who have never studied in Canada may receive a differential tuition fee exemption scholarship for the first term in addition to the entrance scholarship.

Research Scholarships (Granting Agencies):

  • Federal and Quebec Government Granting Agencies:
    • Scholarship Amounts: $15,000 and $17,500
    • Eligibility Criteria: Excellent academic average; students pursuing Master’s level studies.
    • Application Process: Apply through federal and Quebec government granting agencies.

Differential Tuition Fee Exemption Scholarships:

  • Quebec Government Agreements:
    • Overview: The Quebec government has agreements with approximately forty countries and various organizations.
    • Exemption Type: Students coming to study in the province are exempted from paying differential tuition fees.
    • Quota: Quota allocation depends on the student’s country of origin.
    • Application Process: Students are required to contact the individuals responsible for managing this program in their home country.

Specializations & Electives Offered

Specializations:

  • Applied Financial Economics
  • Data Science and Business Analytics
  • Finance
  • Financial Engineering
  • Global Supply Chain Management
  • International Business
  • Operations and Supply Chain Management
  • User Experience

Electives:

  • Behavioral Finance
  • Corporate Valuation
  • Entrepreneurship
  • Ethics in Finance
  • Financial Econometrics
  • FinTech
  • Investment Banking
  • Mergers and Acquisitions
  • Portfolio Management
  • Real Estate Finance
  • Sustainable Finance

FAQs about MSc in Finance

The NBI Fund provides a unique opportunity for a group of students to manage a real portfolio of $5 million, investing in equities, bonds, and alternative assets.

Graduates have a near 100% placement rate and pursue careers in investment banking, commercial banking, asset management, corporate finance, and financial analysis.

Core courses cover topics like financial markets, corporate finance, quantitative finance, financial econometrics, and risk management.

Students can choose to complete a supervised project in their final semester, applying their knowledge to a real-world finance problem.

Application Process & timeline

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

Step 1

GMAT / GRE Score

2-3 months.

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. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

What Our Client Say

What Can We Do For You?

Profile Evaluation

Take our Free Profile evaluation and figure out your strengths and weakness

Application Prep

We help guide our clients through the entire application journey

Interview Prep

Need Help with your Interview Prep? We got you covered via mock interviews

Free

Profile Evaluation Workshop 

With Ameer

Want to get your profile evaluated?

Open chat
Hi,
This is Ameer
Do you any questions?