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postgraduate

Degree

Master of Science - Financial Engineering (Project-Based)

postgraduate

Degree

Master of Science - Financial Engineering (Project-Based)

Quick facts

  • Annual tuition (2023)

    $26,325 CAD

  • Application fee

    $320 CAD

  • Duration

    16-24 Months

  • PGWP

    16-24 Months

  • Min GPA

    3 out of 4.3

Deadlines

Term start& deadline Deadline
Fall-September 01-March-2024 2024-03-01
Winter-January 15-September-2023 2023-09-15
Winter-January 15-September-2024 2024-09-15

Overview

Master of Science - Financial Engineering

Are you ready to make the most of your passion for mathematics, programming and finance and build yourself a fascinating career? 

Financial engineering at HEC Montreal will give you the means to analyze, evaluate and develop tools for dealing with today’s financial challenges.

Your Training:

  • Learn how to combine mathematical and computational techniques with financial knowledge to solve financial problems
  • Develop the ability to interpret and communicate analysis results to guide decisions in areas like risk management and portfolio management
  • Now possible to learn about data science and artificial intelligence: textual data, high-frequency data, statistical learning and filtering unobservable variables
  • Learn different programming languages
  • Professors renowned in Canada and abroad, in both the academic and business communities

Estimate your cost

Residency
Count of person

$35,010

Total costs

yearly

Details


Cost of living 1 person $6,912
Accommodation 1 bed room $8,685
Tuition 1 person $26,325

Hourly wage

Min wage

15.25 CAD / 1 hour

in Canada every student can work 20 hour per week

Required documents

  • Academic/Official Transcripts
  • Language Proficiency (If Applicable)
  • Passport or Visa Documents
  • Resume/Curriculum vitae (If Applicable)
  • Letters of recommendation (If Applicable)
  • Statement of Motivation (If Applicable)

Language requirements

GRE
not required
GMAT
not required

IELTS

7
-
listening
-
writing
-
speaking
-
reading

TOEFL

95
-
listening
-
writing
-
speaking
-
reading

PTE

-
listening
-
writing
-
speaking
-
reading

Cambridge

180
-
listening
-
writing
-
speaking
-
reading
  • If you have an intermediate-advanced level proficiency, you will have to take the course Business English – Advanced from your first year of studies.

Academic background and requirement

  • An undergraduate degree (at least 90 credits) or a degree deemed equivalent by the program administration in one of the following fields: Business Administration (BBA), Actuarial Science, Finance, Engineering, Mathematics, Economics, Pure or Applied Sciences or in a related field
  • You must have obtained a GPA of at least 3.0 out of 4.3, or the GPA required by the original university for admission to a graduate program, if the latter is higher.

EDUCATED ABROAD, UNDER THE FRENCH SYSTEM:

  • You must have earned as a minimum a general license or bachelor diploma accredited by the Ministry of Higher Education after a minimum of 3 years of university studies.
  • Note that RNCP-labeled titles, the University Bachelor of Technology (BUT), as well as the baccalaureate and bachelor's degree including a technological diploma (BTS or DUT) are not eligible.
  • You must have obtained an average of at least 12 out of 20 for all years of university.
  • TAGE MAGE (competitive score: 300 or higher)

EDUCATED ABROAD, NOT UNDER THE FRENCH SYSTEM:

  • You must hold a university degree recognized by the State giving access to a master’s program at your original university.
  • You have obtained, for all years of university, an average of at least 12 out of 20 or the equivalent, depending on the grading system.
  • TAGE MAGE (competitive score: 300 or higher)

Note: Official scores for GMAT, TAGE MAGE OR GRE tests are only required for candidates who studied abroad. Not required for candidates who have completed at least 45 undergraduate credits in Canada or at least 30 graduate credits in Canada at the time of their application.

Career opportunities

  • C++ Developer Associate Director
  • Risk Management Associate
  • Investment Funds Manager
  • Risk, Portfolio and Modeling Principal Analyst
  • Financial Engineering Senior Advisor
  • Investment Risk Senior Analyst

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Montreal weather chart

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