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M.Sc. On Campus

Applied Financial Economics HEC Montréal University

Highlights
Tuition fee
25125 CAD / year
12375 CAD / year
Unknown
Tuition fee
25125 CAD / year
12375 CAD / year
Unknown
Duration
16 months
Duration
16 months
Apply date
Unknown
Apply date
Unknown
Start date
Unknown
Start date
Unknown
Campus location
Montréal, Canada
Campus location
Montréal, Canada
Taught in
English
Taught in
English

About

We offer a master degree in Applied Financial Economics at HEC Montréal University. Are you seeking a challenging career in microeconomics? Would you like to learn all about using econometric methods in finance? Take a look at this specialization at the crossroads of finance and economics. 

Overview

At HEC Montréal University we offer a master degree in Applied Financial Economics. The NBI Fund – HEC Montréal provides a group of students with the opportunity to invest 5 million dollars in a multi-asset portfolio (equities, bonds, alternative investments). 

This fund is one of the largest investment funds managed by students in Canada. It’s a unique opportunity to gain hands-on experience on top of academic training.

Your Training

  • Theory and empirical models used in finance, which often take root in economics.
  • Acquisition of skills to facilitate decision-making in different types of organizations: analysis and micro and macroeconomic modeling; portfolio analysis and asset valuation.
  • Advanced knowledge in the use of statistical, econometric and machine learning methods for carrying out business analyses and forecasting.
  • Personalized mentoring from professors renowned in Canada and abroad.

Programme Structure

Courses include: 

  • Time Series Econometrics
  • Applied Econometrics
  • International macroeconomics seminar
  • Economic behavior and project evaluation
  • Strategic behaviors in economics
  • Development and economic institutions

Key information

Duration

  • Full-time
    • 16 months

Start dates & application deadlines

Language

English
TOEFL® IBT
OR
95
IELTS
7

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Credits

45 alternative credits

Delivered

On Campus

Campus Location

  • Montréal, Canada

What students do after studying

Join for free or log in to access our complete career info list.

Academic requirements

GPA admission requirements GPA
3
GMAT admission requirements GMAT
630

English requirements

TOEFL® IBT
OR
95
IELTS
7

IELTS & PTE Test Preparation

E2 Language Test Prep
Trusted by 7M+ Students
Start Studying Today

Admission to your dream university starts with a high IELTS or PTE score. Earn your target score with E2's guided test preparation.

  • Study on your own schedule
  • Live classes with current and ex-examiners
  • Accurate score assesment, always
  • E2 Score Guarantee - Get your score or your money back!

Other requirements

General requirements

  • 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.

Student Insurance via Studyportals Partner

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Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at HEC Montréal University and/or in Canada, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.
  • International

    Non-residents
    25125 CAD / year
    ≈ 25125 CAD / year
  • Domestic

    Citizens or residents
    12375 CAD / year
    ≈ 12375 CAD / year

Additional Details

Canadian students (residents of Québec), French and French Belgian students: 6,900 CAD 

Living costs

Montréal

Canada
1074 - 1759 CAD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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Scholarships Information

Below you will find Master's scholarship opportunities for Applied Financial Economics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Provided by university
Grant
8000 CAD
Deadline
Not specified
Finance Scholarship Jocelyne and Jean C. Monty - 2
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
3000 CAD
Deadline
Not specified
BMO financial group Scholarhsip (M.Sc. finance & financial engineering)
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
5000 CAD
Deadline
27 Jan 2027
Bourses KPMG-ESG
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
10000 CAD
Deadline
Anytime
Bourse d'attraction de la M. Sc.

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
3000 CAD
Deadline
Anytime
VIP Scholarship (D.E.S.)
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
2500 CAD
Deadline
Not specified
Bourse Campus international - Jean-Denis Duquette
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
Various benefits
Deadline
Not specified
Tableau d'honneur (MSc)
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
2500 CAD
Deadline
Not specified
Campus Abroad Scholarship

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
1000 CAD
Deadline
Not specified
Lallemand Campus Abroad Scholarship - Marcel et Roland Chagnon
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
1000 CAD
Deadline
Not specified
Campus abroad scholarship
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
1000 CAD
Deadline
Not specified
Ambassadeur international Association des diplômés Scholarship
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Provided by university
Grant
500 CAD
Deadline
Not specified
Bourse Campus Québec
Merit-based

Read more about eligibility

HEC Montréal University
Montréal, Canada
Independent provider
Grant
Various benefits
Deadline
Not specified
DFL Scholarship Program
Need-based

Read more about eligibility

Daughters for Life Foundation
Location not available
Independent provider
Grant
12500 USD
Deadline
15 Dec 2026
International Peace Scholarship Fund
Need-based

Read more about eligibility

The International Peace Scholarship Fund
Location not available
Independent provider
Grant
7000 CAD
Deadline
18 Nov 2026
Faculty Mobility for Partnership Building Program
Merit-based

Read more about eligibility

Canadian Government
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Nov 2026
ServiceScape Scholarship

Read more about eligibility

ServiceScape
Location not available
Independent provider
Grant
3500 USD
Deadline
15 Nov 2026
ACES Scholarships

Read more about eligibility

ACES Education Fund
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
1000 USD
Deadline
Anytime
Monthly Scholarship Series

Read more about eligibility

MPOWER Financing
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Queen Elizabeth Commonwealth Scholarships

Read more about eligibility

ACU (The Association of Commonweath Universities)
Location not available
Independent provider
Grant
5000 CAD
Deadline
Not specified
EDC Ukrainian Empowerment Scholarship
Merit-based

Read more about eligibility

EDC
Location not available
Independent provider
Grant
12500 USD
Deadline
15 Dec 2026
P.E.O. International Peace Scholarship (IPS)

Read more about eligibility

The International Peace Scholarship Fund
Location not available
Independent provider
Grant
500 CAD
Deadline
Anytime
Niara Scholarships
Merit-based

Read more about eligibility

Niara
Location not available
Independent provider
Grant
6000 USD
Deadline
30 Jan 2027
Amber Scholarship For September Intake

Read more about eligibility

Amber Student
Location not available
Independent provider
Grant
6000 USD
Deadline
31 Jan 2027
Amberscholar Scholarship
Merit-based

Read more about eligibility

Amber Scholar
Location not available
Independent provider
Grant
1500 USD
Deadline
Anytime
AUFIN Global Impact Scholarship
Merit-based

Read more about eligibility

AUFIN Education & Scholarship
Location not available
Independent provider
Grant
4000 USD
Deadline
23 Jan 2027
Go City Education Scholarship
Merit-based

Read more about eligibility

Go City
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Organization of American States Academic Scholarships Program

Read more about eligibility

Canadian Government
Location not available
Independent provider
Grant
1000 USD
Deadline
01 Mar 2027
Voice Talent Online Scholarship

Read more about eligibility

Voice Talent Online
Location not available
Independent provider
Grant
1000 USD
Deadline
06 Jan 2027
Jewish Heritage Scholarship
Merit-based

Read more about eligibility

Diamant Gerstein
Location not available
Independent provider
Grant
1000 USD
Deadline
31 Oct 2026
$1,500 Annual Video Contest Scholarship
Merit-based

Read more about eligibility

IvyPanda
Location not available
Independent provider
Grant
500 USD
Deadline
31 Oct 2026
CryptoRunner Scholarship

Read more about eligibility

CryptoRunner
Location not available
Independent provider
Grant
1000 USD
Deadline
13 Jan 2027
Dream Chaser Scholarship
Merit-based

Read more about eligibility

Salvado Law
Location not available
Independent provider
Grant
5000 CAD
Deadline
31 Dec 2026
Pinsky Law New Venture Development Scholarship
Merit-based

Read more about eligibility

Pinsky Law
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Canadian Francophonie Scholarship Program (CFSP)

Read more about eligibility

Government Of Canada
Location not available
Independent provider
Grant
3000 USD
Deadline
31 Dec 2026
Scholarship for students with disabilities
Need-based

Read more about eligibility

Anonymous Hope Fund
Location not available
Independent provider
Grant
5000 CAD
Deadline
Not specified
EDC Indigenous Community Leader Scholarship
Merit-based

Read more about eligibility

EDC
Location not available
Independent provider
Grant
5000 CAD
Deadline
Not specified
EDC 2SLGBTQ+ Community Leader Scholarship
Merit-based

Read more about eligibility

EDC
Location not available
Independent provider
Grant
5000 CAD
Deadline
Not specified
EDC DiversABILITY Community Leader Scholarship
Merit-based

Read more about eligibility

EDC
Location not available
Independent provider
Grant
5000 CAD
Deadline
Not specified
EDC Future Leader Scholarship
Merit-based

Read more about eligibility

EDC
Location not available
Independent provider
Grant
10000 USD
Deadline
02 Feb 2027
Ritchie-Jennings Memorial Scholarship Program

Read more about eligibility

Association of Certified Fraud Examiners (ACFE)
Location not available
Independent provider
Grant
10000 USD
Deadline
Not specified
The Education for Sustainable Energy Development (ESED) scholarship
Merit-based

Read more about eligibility

Global Sustainable Electricity Partnership
Location not available
Independent provider
Grant
Various benefits
Deadline
31 Dec 2026
Grants of the Leopold Figl Foundation for students with residence in Lower Austria
Need-based

Read more about eligibility

Leopold Figl Foundation
Location not available
Independent provider
Grant
Various benefits
Deadline
31 Oct 2026
Kreditkortsval's Scholarship Program for Economics Students

Read more about eligibility

Kreditkortsval
Location not available
Independent provider
Grant
1500 USD
Deadline
Not specified
The Annual IELTS from 6 to 9 Scholarship

Read more about eligibility

IELTS from 6 to 9
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships

Read more about eligibility

European Commission
Location not available
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based

Read more about eligibility

Shield Your Body
Location not available
Independent provider
Grant
12000 USD
Deadline
11 Jan 2027
Tobacco Harm Reduction Scholarship Programme

Read more about eligibility

The Tobacco Harm Reduction Scholarship Programme
Location not available
Independent provider
Grant
5000 CAD
Deadline
Not specified
EDC Latin+ Community Leader Scholarship
Merit-based

Read more about eligibility

EDC
Location not available

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Applied Financial Economics
HEC Montréal University
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