Doctor of Administration in Financial Engineering
- HEC Montréal
- Financial Engineering
- Phd
- Engineering & Technology
- Public
- Canada
The Doctor of Administration in Financial Engineering at HEC Montreal is a specialized program within business administration, focusing on the application of advanced mathematical, statistical, and computational methods to financial markets and risk management. This program equips students with the tools to develop innovative solutions for complex financial problems, such as asset pricing, derivatives, and portfolio management. It is important because it helps drive the evolution of financial markets and institutions by integrating cutting-edge technology with finance. The program impacts the world by enhancing financial stability, improving risk assessment models, and fostering global economic growth through more efficient and robust financial systems.
| Category | Details |
|---|---|
| Time | Full time |
| Campus | Côte-Sainte-Catherine Building |
| Duration | 4.5 Years |
| Deadline-Date | 6-January, |
| Fee Per Year | $25,788.00 |
| Application Fee | 282 C$ |
| Currency | CAD$ |
| Intake Link | https://www.hec.ca/programmes/trouver-programme-etudes.html |
| Deadline Link | https://www.hec.ca/programmes/trouver-programme-etudes.html |
| Intakes | February,September, |
| Program language requirement |
Who can Choose this program?
A master’s degree in applied mathematics, quantitative finance, financial engineering, or a closely related discipline. If a candidate has relevant coursework or expertise in financial engineering, specific programs may also take into consideration those with graduate degrees in engineering, computer science, or economics.
Additional Information
| Category | Details |
|---|---|
| Scope of the program | Graduates of a doctor of administration program in financial engineering are prepared for prominent positions in the nexus of technology, mathematics, and finance. These experts frequently go after positions at investment banks, hedge funds, and financial technology companies as chief risk officers, quantitative analysts, or financial engineers. They create complex financial strategies and tools that influence investment choices and control financial risks by utilizing their knowledge in financial modeling, algorithmic trading, and risk management. They are able to innovate in areas like portfolio optimization, derivatives pricing, and financial risk assessment because of their profound understanding of mathematical methodologies, computer approaches, and financial theories. Furthermore, they are invaluable assets in both strategic and operational roles within financial institutions due to their proficiency in data analysis and predictive modeling. |
| Program entry requirement | A masterÂ’s degree in a relevant field. |
| Required GPA | a minimum GPA of 3.3 on a 4.0 scale or its equivalent is required. |
| GRE Required | N/A |
| GMAT Required | N/A |
| Application Process | 1. Register for an Online Application: To start your application, create an account on the university’s application portal. This will give you access to the online application form. 2. Start the Application Process: Once registered, start filling out the online application form. The process is simple. 3. Complete the Application Form: Fill out the form with proper and complete information about your academic background, personal details, and program preferences. This will help them to better understand your qualifications. 4. Upload Required Documents: Use the portal to submit the necessary documents online, which may include: • Official Transcripts: Submit official transcripts from any institutions you have attended. • Standardized Test Scores: If applicable, upload your English language test score reports. • CV or Resume: Provide an up-to-date CV or resume that highlights your educational and professional experience. • Statement of Purpose: Write a statement detailing your goals for the program, research interests, and reasons for applying. • Letters of Recommendation: Arrange for two recommenders to submit letters of recommendation through the portal, based on their knowledge of your academic capabilities. |
| Available Scholarships | https://studyabroadupdates.com/scholarships/ |
| Program accreditation | N/A |
| Living expenses | Student residences: 250 – 625 CAD/month. University-arranged homestays: 400 – 800 CAD/month. Rent & share an apartment: 300 – 700 CAD/month, prices for rent depend on location and facilities. If you choose to rent a studio/one-room apartment, you can pay over 1,000 CAD/month. |
| Visa Process Details | 1. Completed application form (IMM 1294). 2. Acceptance letter from the university. 3. Proof of funds showing you can cover your living expenses and tuition fees. 4. Bank statements. 5. Educational documents or evidence of sponsorship (if applicable). 6. Medical examination report from a doctor authorized by immigration. 7. Police clearance certificates from your country of birth and from any other countries where you have lived for six months or more in the past five years. 8. Passport-sized photographs. 9. Payment for the study permit application fee (currently 150 CAD). 10. Custodian Declaration (IMM 5646) (if applicable), required if you are a minor, must be signed by your custodian in Canada. |
| Part timework | You can only work 20 hours a week as a student with a study permit during a regular academic semester. During planned breaks, such as summer or winter holidays, you can work 40 hours a week. |
| Post-study work opportunity | Depending on the length of the course, a post-study work permit in Canada allows you to remain in the country after finishing your studies for a maximum of three years. After graduating, those who wish to pursue further education can apply for a visa and study in Canada. |
Frequently Asked Questions
