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HEC Montreal MFin Review


7 minutes

Table of Contents

    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 

    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 

    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

    hec montreal mfin

    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

    hec montreal mfin

    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

    hec montreal mfin

    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.

    Know Your Author
    Photo of Abhyank
    Abhyank Srinet
    Study Abroad Expert
    Abhyank Srinet, the founder of MiM-Essay.com, is a globally recognized expert in study abroad and admission consulting.His passion lies in helping students navigate the complex world of admissions and achieve their academic dreams. Having earned a Master's degree in Management from ESCP Europe, Abhyank's expertise in data-driven marketing strategies has driven growth for some of the most competitive industries. As the founder of MiM-Essay.com, he has helped thousands of students get into top business schools with a strong emphasis on research, shortlisting, and applying to schools from a single platform. His dedication to education has also led him to create MentR-Me, a free-to-use social platform that simplifies the study abroad process for students, while providing universities with a powerful recruitment tool. As a leader in the field of admission consulting, he is constantly researching and implementing the latest strategies to ensure that his clients receive the best possible guidance. He leads the Business Development and Digital Marketing side of both companies, and has grown both ventures to 7 figure revenue.His unique insights, experience, and dedication to his clients make him a valuable resource for anyone seeking to advance their education or career.
    What are the English language proficiency requirements for international applicants?

    International applicants are required to submit proof of English proficiency. The minimum recommended score for the IELTS exam is 7 and above, or a minimum TOEFL iBT score of 95 and above. Proficiency is crucial as the program is conducted entirely in English

    What are the key sectors that hire HEC Montreal MFin graduates?

    Graduates from HEC Montreal's MFin program find opportunities in sectors like technology, finance, and consulting. Companies such as CGI, Morgan Stanley, and Deloitte are known to hire HEC Montreal MFin graduates.

    What makes HEC Montreal's MFin program unique?

    HEC Montreal's MFin program stands out due to its emphasis on analytical and quantitative techniques, international partnerships, and its QTEM Certification Program, which focuses on academic excellence, business and policy relevance, and international networking.

    Do I need to provide a letter of recommendation for my application?

    Yes, two letters of recommendation are required. These can be academic or professional, and they help assess your strengths and qualifications for the program.

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