Applied Financial Economics, M.Sc. | HEC Montréal University | Montréal, Canada
M.Sc. On Campus

Applied Financial Economics

16 months
30800 CAD/year
14200 CAD/year
6300 CAD/year
Tuition fee
Apply date
Start date


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. 


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


  • Full-time
    • 16 months

Start dates & application deadlines


45 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA
GMAT admission requirements GMAT

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.

Tuition Fee

To alway see correct tuition fees
  • International

    30800 CAD/year
    Tuition Fee
    Based on the tuition of 30800 CAD per year during 16 months.
  • National

    14200 CAD/year
    Tuition Fee
    Based on the tuition of 14200 CAD per year during 16 months.
  • In-State

    6300 CAD/year
    Tuition Fee
    Based on the tuition of 6300 CAD per year during 16 months.

Living costs for Montréal

1074 - 1759 CAD /month
Living costs

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


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Applied Financial Economics
HEC Montréal University
Applied Financial Economics
HEC Montréal University


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