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HEC Montreal MBA Fees: Program Cost, Financial Aid & More

If you're considering pursuing an MBA program at HEC Montreal, one of the top business schools in Canada, you're probably wondering about the HEC Montreal MBA Fees and living expenses. We've got you covered with everything you need to know, from tuition fees to scholarships and more.

Tuition Fee

Let us begin with HEC Montreal MBA Fees for tuition. The amount you will pay is determined by your student status. If you are a Quebec student, you will be charged $9,300. You will pay $20,000 if you are a Canadian student who is not a Quebec resident. French and French Belgian students pay an additional $9,300. International students will pay $59,000 beginning in the fall of 2022.

These rates are estimates and subject to change without notice, however, it's worth noting that HEC Montreal MBA Fees are lower than those of other top MBA programs in North America. HEC Montreal MBA Fees is a 20-month full-time program that includes an obligatory overseas exchange component that is included in tuition.

Core courses, electives, and other experiential learning opportunities like case studies, simulations, and projects will be covered. You can also specialize in finance, entrepreneurship, marketing, or strategy.

Living Expenses – Food, Travel, Accommodation

  • Accommodation – HEC Montreal MBA Fees provide cheap on-campus accommodation alternatives ranging in price from EUR 272 to EUR 545 per month. Off-campus housing is often less expensive, with monthly rental fees ranging from around EUR 408 to EUR 1,103, depending on location and size.
  • Food – Food costs between EUR 204 and EUR 272 per month for students. Food costs vary according to personal preference and eating habits.
  • Transportation: A monthly public transportation pass costs roughly EUR 58.
  • Utility – Depending on the lodging, utilities such as electricity, gas, and water may be included in the rental charge. Utility prices may vary depending on usage and service providers, if not stated. 

Living Expenses Cost (EUR/month)
Accommodation – On-Campus CAD 272 – CAD 545
Accommodation – Off-Campus CAD 408 – CAD 1,103
Food CAD 204 – CAD 272
Transportation CAD 58
Utilities Varies

HEC Montreal MBA Scholarships

HEC Montreal provides scholarships and financial aid to both Canadian and international MBA students. Academic merit, financial need, and other factors are used to award the scholarships. Scholarship amounts and qualifying requirements differ. MBA students can apply for scholarships such as the HEC Montréal Foundation Scholarship, the Montreal Excellence Scholarship, and the Quebec Merit Scholarship for Foreign Students. Students who demonstrate academic distinction, leadership potential, and community involvement are eligible for the HEC Montréal Foundation Scholarship.

The Montreal Excellence Scholarship is given to students who show exceptional academic and leadership potential. The Quebec Merit Scholarship for Foreign Students is given to students who have an outstanding academic record and have been accepted to a Quebec university. Scholarships range in value from CAD 2,500 to CAD 30,000, depending on the scholarship and the student's profile. Scholarships can assist students in lowering their financial load by offsetting some of their tuition and living expenses.

HEC Montreal MBA: ROI

When considering an MBA school, it is critical to examine the return on investment (ROI). HEC Montreal's MBA program has a usually favorable ROI, with graduates earning an average income of approximately.

HEC Montreal MBA Scholarships for Indian Students

Attending a premier business school such as HEC Montreal can be expensive, especially for overseas students. Fortunately, Indian students can apply for many scholarships to assist them follow their MBA aspirations. Here are five scholarships available to Indian students:

1. HEC Montreal MBA Entrance Scholarship for Indian Students

The HEC Montreal MBA Entrance Scholarship is given to outstanding Indian students who have been accepted into the HEC Montreal MBA program. The scholarship is valued up to CAD 15,000 and is awarded on the basis of academic success and professional achievements. When submitting their MBA application, Indian candidates can apply for this award.

2. Quebec Merit Scholarship for Foreign Students

The Quebec Merit Scholarship for Foreign Students is a merit-based scholarship available to overseas students studying in Quebec. The scholarship is worth up to CAD 25,000 and is given out based on academic achievement and research ability. This grant is available to Indian students who apply to HEC Montreal.

3. HEC Montreal India Scholarship

The HEC Montreal India Scholarship is a need-based scholarship for Indian students in financial need. The scholarship is worth up to CAD 7,500 and is given out on the basis of financial necessity, academic merit, and professional achievements. When submitting their MBA application, Indian candidates can apply for this award.

4. Quebec India Scholarship

The Quebec India Scholarship is a merit-based scholarship given to Indian students who want to study in Quebec. The scholarship is valued up to CAD 12,000 and is based on academic achievement and research ability. This grant is available to Indian students who apply to HEC Montreal.

5. Eiffel Excellence Scholarship Program

The Eiffel Excellence Scholarship Program is a merit-based scholarship given to international students who want to study in France. The scholarship covers living expenses up to EUR 1,181 per month and travel expenses up to EUR 1,000. When applying to HEC Montreal's MBA exchange program with a French partner institution, Indian students can apply for this award.

HEC Montreal MBA: Student Visa Work Hour Restrictions

For overseas students wishing to study in Canada, the HEC Montreal MBA program is a popular option. It should be noted, however, that student visa holders are subject to work hour limits. Students can work part-time up to 20 hours per week during regular academic sessions and full-time during designated vacations such as summer and winter holidays, according to Canadian government laws.

It is critical for overseas students to follow these regulations in order to avoid legal ramifications and keep their student visa status. HEC Montreal provides a variety of materials and support services to help international students understand and obey these regulations.

HEC Montreal MBA: Part-Time Jobs and Potential Earnings

Part-time work is an excellent opportunity for HEC Montreal MBA students to supplement their income while studying. Students can manage their time properly and obtain significant work experience by working up to 20 hours per week during regular academic sessions.

The Career Management Services division at HEC Montreal provides services to help students find part-time job possibilities and strengthen their job search abilities. Part-time job earnings vary depending on the type of employment and industry, but students can expect to make minimum wage or more. Part-time jobs can provide opportunity for networking and professional partnerships in addition to cash benefits.


HEC Montreal MBA is a top-ranked business school with an outstanding MBA program. While the tuition fees may appear to be prohibitively expensive, there are various scholarships available to Indian students to assist mitigate the costs. There is a scholarship available to help you reach your MBA goals, whether you are a high-achieving student, in financial need, or have remarkable research ability.

To enhance your chances of receiving financing, begin researching and applying for scholarships as soon as feasible. Don't allow a lack of funds prevent you from achieving your dream of earning an MBA at HEC Montreal. With the correct resources and assistance.

Know Your Author
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Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
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