Master of Science in Financial Engineering
- HEC Montréal
- Financial Engineering
- Masters
- Engineering & Technology
- Public
- Canada
The Master of Science in Financial Engineering at HEC Montreal is a specialized program that combines finance, mathematics, and computer science, making it a sub-discipline of finance. The program focuses on using advanced quantitative methods, algorithms, and financial theory to solve complex problems in risk management, trading, and financial modeling. It is important because it equips students with the technical skills to innovate and optimize financial strategies in a rapidly evolving market. The program impacts the world by producing professionals who can create efficient financial systems, contribute to risk mitigation, and drive innovations in global financial markets, enhancing overall economic stability.
| Category | Details |
|---|---|
| Time | Full time |
| Campus | Côte-Sainte-Catherine Building |
| Duration | 1.5,2 Years |
| Deadline-Date | 15-September,1-March, |
| Fee Per Year | $22,194.00 |
| Application Fee | 282 C$ |
| 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?
An undergraduate degree in physics, computer science, engineering, finance, economics, or mathematics. If a candidate has shown a strong interest in financial engineering and good quantitative skills, specific programs may accept applicants from different academic backgrounds.
Additional Information
| Category | Details |
|---|---|
| Scope of the program | Graduates with a Master of Science in Financial Engineering program are prepared to apply sophisticated mathematical and computational techniques to solve challenging financial challenges. Jobs like derivatives traders, risk managers, financial engineers, and quantitative analysts are typical in this industry. Graduates provide novel approaches to risk management, investment strategy optimization, and financial instrument pricing by utilizing their knowledge of stochastic processes, quantitative modeling, and financial theory. They are employed by financial technology companies, asset management firms, investment banks, and hedge funds, among other places. The abilities acquired via this program are highly sought after, allowing graduates to efficiently manage financial risks, improve trading methods, and contribute to financial innovation in light of the financial industry's increased reliance on complex algorithms and data-driven decision-making. |
| Program entry requirement | A bachelorÂ’s degree from a recognized institution, equivalent to a Canadian undergraduate degree. |
| Required GPA | minimum GPA of 3.0 on a 4.0 scale |
| 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
