Introduction
Masters in finance HEC Paris is ranked the #1 among Master in International Finance by QS Rankings 2024, and will prepare you for a thriving finance profession, whether it is in financial sector or commercial banking. HEC Paris master in finance's curriculum strives to build the fundamental, broad-reaching fundamentals of finance, in addition to in-depth, technical experience in each student's field of concentration, on the assumption that the finest business leaders have a thorough understanding in all areas.
| Tuition Fees | € 43,800 |
| Program Length | 10 Months |
| Program deadline | October 17th, 2023 January 3rd, 2024 February 28th, 2024 April 17th, 2024 |
| Application Fees | €125 |
HEC Paris MFin Class Profile
The class profile for the HEC Paris Master in Finance (MFin) program showcases a diverse blend of academic backgrounds and cultural perspectives. With 42% of students coming from business and management backgrounds, 32% from economics, 20% from engineering, 4% from science, and 2% from humanities, the program attracts individuals with a wide range of skills and expertise. Additionally, approximately 63% of the student body consists of international students, representing various countries and regions worldwide.
| Class Size | 30-50 |
| Average GMAT Score | 710 |
| Pre-MFin industry | Business, Management - 42% Economics- 32% Engineering - 20% Sciences- 4% |
| Countries Represented | Europe - 61% Asia/ Oceania - 25% Africa - 7% Americas - 4% |
Acceptance Rate
The acceptance rate of HEC Paris masters in finance is as low as 18.9%. This is because of their world class faculty, innovative curriculum and high end facilities.
Program and Curriculum
The HEC Paris MFin Course Content has two main goals to achieve in a brief period of time. The first one is to establish the fundamental knowledge required for a career in finance, and the second one is to offer comprehensive expertise in the student's area of specialization. To accomplish this, the program utilizes the individual knowledge and experience of the students who enroll in HEC Paris. The program starts with a 7-week course that is customized based on each student's academic background.
Core Courses
The Master in Finance (MFin) program at HEC Paris offers a comprehensive curriculum designed to equip students with the essential knowledge, skills, and competencies required for a successful career in finance.
| Course Name | Description |
|---|---|
| Behavioral and Sustainable Finance | Explore the intersection of behavioral economics and sustainable finance, analyzing how human behavior impacts financial decision-making and its implications for sustainable investment strategies. |
| Corporate Valuation | Gain expertise in valuing companies using various methods such as discounted cash flow (DCF), comparable company analysis (CCA), and precedent transactions, essential for making informed investment and corporate finance decisions. |
| Securities Market | Delve into the dynamics of securities markets, including equity, fixed income, and derivatives, understanding market structures, trading mechanisms, and regulatory frameworks governing these financial instruments. |
| Financial Statement Analysis | Master the art of interpreting financial statements to evaluate a company's performance, assessing its profitability, liquidity, solvency, and overall financial health to inform investment and lending decisions. |
| Introduction to Finance | Build a foundational understanding of finance concepts, including time value of money, risk and return, financial markets, and basic financial calculations, laying the groundwork for advanced studies in finance. |
| Corporate Finance | Explore principles and practices of corporate finance, covering topics such as capital budgeting, capital structure, dividend policy, and mergers and acquisitions, essential for maximizing firm value and shareholder wealth. |
| Financial Accounting and Reporting | Learn the fundamentals of financial accounting and reporting, including principles of accrual accounting, preparation of financial statements, and analysis of accounting information to facilitate decision-making. |
| International Macroeconomics | Examine macroeconomic theories and policies in an international context, analyzing factors influencing global economic performance, including exchange rates, trade balances, monetary and fiscal policies, and economic integration. |
| Asset Management | Dive into the world of asset management, studying investment strategies, portfolio theory, asset allocation, risk management techniques, and performance evaluation methods to optimize investment decisions and achieve financial goals. |
| Economics of Financial Regulation | Investigate the economic principles underlying financial regulation, exploring regulatory frameworks, their impact on market behavior, and the role of regulatory agencies in promoting financial stability and consumer protection. |
| Soft Skills Seminar | Develop essential soft skills such as communication, teamwork, leadership, and problem-solving, vital for professional success in the finance industry and beyond. |
| Ethics Seminar | Engage in discussions and case studies on ethical issues in finance, exploring ethical decision-making frameworks and the importance of integrity, responsibility, and ethical conduct in financial practice. |
| Probability and Statistics Refresher | Refresh your knowledge of probability theory and statistical methods, applying them to financial data analysis, risk assessment, and decision-making processes in the field of finance. |
| Empirical Methods in Finance | Explore empirical techniques used in financial research and analysis, including econometric modeling, statistical inference, hypothesis testing, and data interpretation, to draw meaningful insights from financial data. |
Advanced Core Courses
Building upon the foundational knowledge gained in the core courses, the Advanced Core Courses offered in the Master in Finance (MFin) program at HEC Paris delve deeper into complex financial concepts, cutting-edge theories, and specialized areas of finance.
| Course Name | Description |
|---|---|
| Securities Markets | Explore the intricacies of securities markets, covering equity, fixed income, and derivatives, along with market structures, trading mechanisms, and regulatory frameworks. |
| International Finance | Dive into the complexities of international finance, analyzing factors influencing global financial flows, exchange rate dynamics, international trade, and the impact of economic policies across borders. |
| Capital Markets Specialization | Delve into specialized courses focusing on various aspects of capital markets, including investment banking, trading strategies, financial instruments, and market analysis, tailored for in-depth knowledge in this field. |
| Corporate Finance Specialization | Gain expertise in corporate finance through specialized courses focusing on topics such as capital budgeting, mergers and acquisitions, dividend policy, and financial restructuring, essential for effective financial management within corporations. |
Electives
In addition to the core courses, the Master in Finance (MFin) program at HEC Paris offers a diverse range of elective courses that allow students to tailor their academic experience to align with their career goals, interests, and professional aspirations.
| Course Name | Description |
|---|---|
| Credit Risk & Turnaround of Distressed Companies | Explore strategies for managing credit risk and executing turnaround plans for distressed companies, covering topics such as credit analysis, restructuring, bankruptcy proceedings, and distressed debt investing. |
| Energy and Finance | Examine the intersection of energy markets and finance, analyzing energy financing structures, project finance in the energy sector, energy trading, risk management, and the impact of energy policies on financial markets. |
| Financial Modeling | Gain expertise in financial modeling techniques, including forecasting, valuation, scenario analysis, and sensitivity analysis, using spreadsheets and financial modeling software to analyze financial data and support decision-making. |
| Infrastructure and Real Assets | Dive into the world of infrastructure and real assets investing, covering infrastructure projects, public-private partnerships (PPPs), real estate investments, infrastructure financing, and the role of infrastructure in diversified investment portfolios. |
| Corporate Finance Live | Experience real-world corporate finance scenarios through case studies, simulations, and live projects, covering topics such as capital budgeting, capital structure decisions, dividend policy, mergers and acquisitions, and corporate restructuring. |
| Real Estate Foundations | Build a solid foundation in real estate finance and investment, covering real estate valuation methods, real estate markets, financing structures, property management, and real estate investment analysis. |
| Numerical Analysis | Explore numerical methods and computational techniques used in financial analysis, including numerical integration, interpolation, optimization methods, and Monte Carlo simulation for solving complex financial problems. |
Extra Activities
At HEC Paris, the Master in Finance (MFin) program not only offers rigorous academic curriculum but also encourages students to engage in a variety of student clubs to enhance their overall learning experience and personal growth.
- Automobile Club
- Club Aviron (rowing)
- Club Athlétisme (Athletics)
- Double Jeu
- Club Basket (Basketball)
Scholarships
To support talented and deserving candidates in achieving their academic and career aspirations, HEC Paris offers a range of MFin scholarships specifically tailored for students enrolled in the Masters in Finance (MFin) program.
- HEC Paris MBA Scholarship for Excellence
- FORTÉ scholarship for women candidate
- HEC PARIS MBA Scholarshp for diversity
- 30% club scholarship
- ARD/HEC paris scholarship
Eligibility and Requirements
Requirements
- Degree certificates
- All official academic transcripts
- Current resume/ CV
- A minimum GMAT score of 590
- English language proficiency test score report
TOEFL: 90/120
IELTS: 6.5/9
- 2 completed letters of recommendation
- Passport-style photo
Documents related to the application:
- Degree certificate/ or current enrollment certificate
- All official academic transcripts
- a professional resume or CV
- GMAT or GRE score official test score report
- English language proficiency test score reports
- Two letters of recommendation, one academic and one professional
- Passport size photo
As part of MFin cost, non-refundable application fee of €125
HEC Paris MFin Deadlines
To increase your chances of being accepted for the HEC Paris master in finance programme, it is advised to apply as soon as possible. Details regarding the deadlines are given below.
| Deadlines | Dates |
| 1st Deadline | October 17, 2023 |
| 2nd Deadline | January 3, 2024 |
| 3rd Deadline | February 28, 2024 |
| 4th Deadline | April 17, 2024 |
Employment And Placement
All Students of HEC Paris masters in finance are placed within 3 months of their graduation. 68% of the students are placed in international companies all around the globe. The school's graduates are recruited by more than 300 companies with an average starting MFin salary is €78,000. They are hired for the posts such as Asset Management, Equity Research, M&A and Private Equity, Sales, Strategic Consulting, Structured Finance, Structuring, Trading etc making HEC Paris master in finance best masters degree for the future.
Top Sectors Hiring
HEC Paris, renowned for its world-class Master in Finance (MFin) program, produces graduates who are highly sought after by leading organizations across various sectors of the finance industry. With a rigorous curriculum, practical learning experiences, and access to a vast network of alumni and industry connections, HEC Paris MFin graduates are well-equipped to excel in diverse roles within the finance sector
Companies Recruiting From HEC Paris Masters in Finance
Graduates from the Masters in Finance (MFin) program at HEC Paris are highly sought after by a wide range of prestigious companies across various industries. With a reputation for academic excellence, practical skills, and a diverse student body, HEC Paris consistently attracts top employers seeking top talent in the finance sector.
| Uber | McKinsey & Company | KPMG |
| Hilti | Nike | Accuracy |
| Amazon · | Bain & Company | BCG |
HEC Paris MFin Alumni Info
HEC Paris masters in finance has a group of notable alumni who are available to help and guide you on every part of your MFin journey. The alumni are a valuable asset that master in finance HEC Paris has who are available to current and prospective students. They have a wealth of knowledge and experience to offer, from helping you decide which career path to pursue to offering advice and support during the job search process. HEC Paris master in finance alumni are dedicated to helping students in any way they can, and are always willing to take the time to share their experiences and provide advice.
Some famous Alumni
- Peter Wiki, Associate, Investment Banking J.P. Morgan
- Felix M. Braun, Investment Banking Associate - Goldman Sachs
- Laurent Laclef, Senior Risk Manager - Standard Chartered Bank
Application Essay
Three brief questions and a question about your sponsorship are part of the Masters in Finance HEC Paris application. Because there is a strict word limit and the importance of the answers is extremely high, you must clearly express your ideas in writing. Make sure these quick questions highlight your profile and your enthusiasm for the institute and executive education rather than underestimating their importance.
- Describe your proudest accomplishments. (250 words max)
- What is Leadership to you and how do you recognize a great leader? Please include personal example(s). (600 words max)
- In recent weeks, what business issue or news topic have you found inspiring? (300 words max)
Letter of Recommendation
Two letters of recommendation are needed for the application for master of finance HEC Paris. at least one letter of recommendation needs to be professional and needs to come from your current employer or manager, another one needs to be academic and should come from a professor.
Interview Questions
Q: Tell me something about yourself?
Q: Walk me through your resume?
Q: Tell me one change introduced by the government which has had an impact on financial services?
Q: Why MFin? Why masters in finance HEC Paris?
Q: Why MFin now or Why MFin at this stage of your career?
Q: What are your short term goals?
Q: What are your long term goals?
Q: What are your key strengths?
Q: What are your biggest weakness?
Q: How can you add value to the Class?
Q: Why should we take you?
Q: One reason that we should not select you?
Q: What are your interests and hobbies?
What Makes HEC Paris Masters in Finance Unique
Is MFin worth it? HEC Paris masters in finance is ranked number 1 Master in Finance HEC Paris worldwide by Financial Times, 2022. As one of the most competitive courses available, the school's program is an ideal choice for those looking to gain a comprehensive knowledge of the financial industry and its best practices.
- Exceptional faculty
HEC Paris masters in finance has a bunch of exceptional faculty from around the world, with years of experience and expertise in their respective fields. They are highly knowledgeable and can assist you in gaining a comprehensive understanding of the subjects.
- Notable Alumni
Many well-known alumni of the HEC Paris Master in Finance programme have been hired by the best companies worldwide.
Alumni of the HEC Paris Masters in Finance programme have gone on to work for some of the most prosperous corporations in the world, such as Fortune 500 firms, well-known banks and financial institutions, and prestigious consulting firms. In your masters in finance HEC Paris journey, they can mentor and guide you.
- Practical Experience
HEC Paris masters in finance offers a number of internships and live projects to give students a chance to put the theoretical knowledge they have acquired in the classroom into practice. This expands your horizons and makes you job ready and take over top positions in leading companies. By having the chance to apply their learning to real-world projects, students gain invaluable insights and experience.
Conclusion
HEC Paris masters in finance are ranked the 1 Master in Financial worldwide by Financial Times, 2022, and will prepare you for a thriving finance profession, whether it is in financial sector or commercial banking. The school's curriculum strives to build the fundamental, broad-reaching fundamentals of finance, in addition to in-depth, technical experience in each student's field of concentration, equiping them with required skills on the assumption that the finest business leaders have a thorough understanding in all areas. To provide you with the best theory-practice balance, the degree programme is taught by world-class experts and also by prominent practitioners.
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