Key Takeaways
1. Program Overview: HEC Montreal's Master of Finance (MFin) program is a comprehensive, full-time course that spans over 12 to 18 months. Designed to prepare students for high-level finance careers, the curriculum includes intensive case studies, collaborative projects, and hands-on workshops that simulate real financial challenges.
2. Class Profile: The program enrolls a diverse group of students, fostering a rich learning environment. Typical classes comprise individuals from various countries, bringing a wide range of perspectives and experiences to the classroom.
3. Average Salary and Employment: Graduates of the MFin program at HEC Montreal report robust employment rates, with many securing positions at top finance firms shortly after graduation. The program boasts a strong track record of alumni advancing quickly in their careers, reflecting the practical and applicable nature of the course.
4. Tuition Fees: The tuition fee for the program is competitively priced, considering its extensive offerings and potential ROI through post-graduation employment opportunities. This fee covers all essential academic services and access to HEC Montreal's extensive alumni network and career support services.
Introduction
The HEC Montreal MFin program is highly regarded for its comprehensive financial education. It consistently ranks among the top global universities, making it a preferred choice for international students.
The program's strong track record of graduate employability is a key draw.HEC Montréal stands out for its exceptional quality of education, practical learning opportunities, and the abundance of job prospects it offers to international students.
The program's interactive curriculum, extensive research avenues, and the exceptional expertise of its teaching faculty provide students with a transformative learning experience.
| Tuition Fees | CAD 23,800 |
| Program Length | 16 Months |
| Program deadline | 15 February 2024 15 September 2024 |
| Application Fees | $ 319.95 CAD |
Class Profile
When HEC Montreal was established, its primary mission was to provide French-speaking students with the opportunity to pursue management education in their native language and within their own country. Over the years, the school has experienced consistent growth and evolution. Presently, the student body at HEC Montreal is vibrant and globally aware. A significant portion, approximately one third of the students, come from regions beyond Quebec, representing diverse cultures.
This diversity extends to the faculty and staff within the Hec Montreal MSc in finance program, enriching the learning environment. As time has passed, the diverse makeup of the HEC Montreal MFin program has become a driving force behind the community's excellence.
| Average GPA | 3.5 |
| Average GMAT Score | 630 |
| Average Work-experience | 4 years |
HEC Montreal Rankings
HEC Montreal consistently ranks among the top business schools globally, reflecting its prestigious reputation and commitment to academic excellence. Various ranking institutions and publications recognize HEC Montreal for its outstanding programs, faculty expertise, and contributions to the business education landscape.
| Rankings | Position |
| research in Management, Academic Ranking of World Universities (2021) in Canada | 2 |
| Times Higher Education (THE) World University Rankings (2023) in Canada | 5 |
| QS World University Rankings - Masters In Finance | 94 |
Eligibility & Requirements for HEC Montreal MFin
The HEC Paris Master in Finance (MFin) program is highly competitive, attracting top talent from around the world. To ensure that applicants meet the rigorous standards of the program and have the necessary background to succeed, HEC Paris has established specific eligibility criteria and requirements.
| Requirements | Details |
| For Students who never studied under French Education System | -They must hold a university degree recognized by the State giving them access to HEC Montreal MFin. |
| Test scores needed | -Minimum GMAT scorre of 630 - TAGE MAGE score of 300 |
| Standardized requirements by school | -Application Essays (two essays, 500 words each) -Referee Details (current employer or colleague, or someone familiar with work context) |
| Additional requirements | -University Transcripts -One-page CV (with explanations for significant employment gaps) -Application Fee is $319.95 |
Program & Curriculum of HEC Montreal MFin
If your previous academic background does not fulfill the specialization requirements, the Academic Advisor may require you to take undergraduate preparatory courses worth 3 credits. These courses should ideally be completed within the first year of your studies. Below is a non-comprehensive list of courses available for this purpose.
During the program, there will be some core courses that one must attend. They include:
- Financial Econometrics
- Empirical Finance
- Corporate Finance
- Principles of Derivatives Pricing
- Capital Market Theory
Electives
| Capital Market Theory | This course delves into the theoretical foundations of capital markets, including concepts like the Efficient Market Hypothesis (EMH) and portfolio theory. |
| Principles of Derivatives Pricing | This course covers the principles and mathematical models used in pricing derivatives, such as options, futures, and swaps. It explores the mathematics and theory behind derivative securities. |
| Corporate Finance | Corporate finance is a fundamental course that examines financial decisions within a corporation, including capital budgeting, financing, and dividend policy. |
| Empirical Finance | This course focuses on the practical application of financial theories through empirical analysis. It often involves using real-world financial data to test and validate financial models and hypotheses. |
| Financial Econometrics | Financial econometrics combines finance and statistics to analyze financial data. Students learn how to apply statistical techniques to financial markets and data, helping in risk assessment and financial modeling. |
Fees, Financing & Scholarships at HEC Montreal MFin
Navigating the financial aspects of pursuing a Master of Finance (MFin) at HEC Montreal involves understanding fees, financing options, and available scholarships. Here's an overview:
| Thesis fee for international Students | $23 800 |
| Supervised project for International Students | $18 800 * |
| Application Fees | $319.95 |
Scholarships for HEC Montreal MFin applicants
HEC Montreal recognizes the importance of supporting talented individuals in pursuing their Master of Finance (MFin) studies. To assist prospective students in financing their education and recognizing academic excellence, the institution offers various scholarships specifically tailored for MFin applicants.
| Scholarship | Value | Eligibility |
| Entrance Scholarships | $2,000 to $4,000 | Open to: All successful applicants |
| Research Scholarships | $15,000 and $17,500 | Open to: All successful applicants |
| Social Sciences and Humanities Research Council of Canada (SSHRC) | $17,500 | Open to: All successful applicants |
| Natural Sciences and Engineering Research Council of Canada (NSERC) | $17,500 | Open to: All successful applicants |
| Fonds de recherche du Québec – Société et culture (FRQSC) | $17,500 | Open to: All successful applicants |
Employment Upon Graduation
Graduates of the Hec Montreal MSc in finance program are highly sought after by employers in diverse sectors, including investment banking, corporate finance, asset management, consulting, and more.
The program's emphasis on practical learning, real-world projects, and industry engagement ensures that graduates possess not only theoretical expertise but also practical experience relevant to today's dynamic finance landscape.
Average employment stats for MSc program in HEC Montreal is given below:
| Average salary MBA2024 |
$70,502 |
| Median Annual Base Salary | $68,250 |
| Placement Rate | 100% |
| Post MBA industries MBA2022 |
International Business- 100% Business Analytics- 100% E-Commerce- 100% Accounting-Control-Audit-100% |
Know more at: Alumni Employment Data
HEC Montreal MFin Application: Essays & Interview
The application process for the Master of Finance (MFin) program at HEC Montreal is a crucial step towards securing admission to this prestigious program. As part of the application, candidates are required to submit essays and may also be invited to participate in an admissions interview. Here's what you need to know about the essays and interview:
Application Essay
For further processing of your application for HEC Montreal MFin program ,you need to submit a motivational letter.It should include answers to the following questions and each answer should be typed on the computer in a maximum of one page.
Suggested format: 12-point Arial type, 1.5 line spacing.
Questions
1. Choice of program
- What professional and intellectual concerns motivate you to pursue Master’s-level studies in Administration? Please explain your choice of specialization
2. Career plan
- What type of job do you think you will have after completing your Master’s in Administration (e.g. what type of company, positions and responsibilities)?
3. Fields of interest
- What are your fields of interest, for research or your supervised project?
4. Work experience (optional)
- Briefly explain any work experience you may have if it is relevant for your admission application
Interview Questions
Here are few HEC Montreal MFin interview questions :
- Could you provide an introduction to your background and personal history?
- What led you to select HEC Montreal for your Master of Finance studies?
- Could you detail your academic accomplishments and involvement in extracurricular activities that demonstrate your suitability for the program?
- What are your intentions for making a positive impact on the HEC Montreal community while enrolled in the Master of Finance program?
- What inspired your decision to pursue a Master of Science in Finance?
- Could you outline your ultimate career objective and explain how the MiM program at HEC Montreal aligns with your career aspirations?
- Please share a difficult scenario you encountered while working in a team and elaborate on how you managed it.
Who attends HEC Montreal MFin
- Applying advanced theoretical knowledge, statistical, and econometric methods to address real-world finance issues.
- Learning portfolio management analysis and business diagnosis techniques.
- Applying financial concepts like capital markets and financial asset valuation models, as well as applied mathematics such as financial engineering and financial econometrics.
- Developing skills to provide recommendations in market finance or corporate finance.
- Accessing renowned research groups and chairs both in Canada and internationally.
- Utilizing French language courses and the Experience Quebec program to assist international students in integrating into Quebec and Canadian job markets.
Why HEC Montreal MFin is Unique
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HEC Montreal MFin program that stands out in several ways. It is considered as one of the top Masters colleges in Canada and here the some of the main reasons that make pursuing an HEC Montreal MFin a wonderful experience:
- Develop skills in analytical and quantitative techniques and decision-making in an international context, by bringing together outstanding Students, Academic Institutions, and International Corporations.
- Become the leading, globally-recognized network of internationally-minded and quantitatively-trained decision-makers.
- QTEM Certification Program focuses on three main values: Academic Excellence, Business and Policy Relevance, and International Partnership. These three values are present in all QTEM activities, especially in the design of the QTEM Certification Master's program.
Useful Links
| Eligibility & admission process | Admission |
| Costs & finance | Tution Fees |
| LBS Alumni | HEC Montréal Alumni Association |
| Contact | HEC Montreal MSC in Finance Program incoming@hec.ca 514 340-6000 |
Conclusion
Being one of the best MFin Colleges in Canada, the Master of Finance program at HEC Montréal offers a compelling opportunity for students seeking a comprehensive and globally-recognized education in the field of finance. With its competitive acceptance rates, diverse and vibrant student body, and a curriculum designed to foster research and innovation, HEC Montreal MFin program stands as a top choice for those aspiring to excel in finance-related careers.
