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Master of Science (MSc) – Applied Financial Economics

HEC Montreal
16-24 Months
Full time
Master's degree
Scholarships available
On campus
03 May 2021

Program description

Master of Science (MSc) – Applied Financial Economics

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.

Your Training

  • Theory and empirical models used in finance, which often take root in economics. Advanced theory and quantitative concepts
  • Personalized mentoring from professors renowned in Canada and abroad

This Program is also offered in french language.

Admission requirements

Educated Anywhere In Canada

  • You must hold a Bachelor of Business Administration (BBA), an undergraduate degree in a related field or a degree deemed equivalent by the program administration, with 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.

Requirements in English

You are considered anglophone and have the required level in English if you meet one of the following criteria:

  • Holds a diploma of collegial studies (DCS) from an English-language institution.
  • Completed high school studies entirely in English, without taking any welcome or anglicization courses.
  • Passed a language test at an English-language university with requirements for English-language proficiency equivalent to those of HEC Montréal.
  • Completed three years (90 credits) of university studies entirely in English, at an English-language university (excluding internships, directed studies and theses).
  • Holds a certificate of language proficiency in English as a second language, issued by a recognized educational institution (30 credits).

For more information about admission requirements, please visit the university website.

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Program content

Compulsory Courses of the Specialization

  • Capital Market Theory
  • Risk Management

Compulsory Methodology Courses

  • Time Series Econometrics
  • Applied Econometrics

Optional Specialization Courses

Block 1: Economics

  • Séminaire de macroéconomie internationale
  • Comportements économiques et évaluation de projets
  • Comportements stratégiques en économie
  • Développement et institutions économiques
  • Monetary and Financial Macroeconomics
  • Industrial Organization and Regulation
  • Empirical Methods in Monetary Economics and Finance
  • Behavioral Economics and Finance
  • Theory of Information and Contracts : Advanced Microeconomics

Block 2: Finance

  • Topics in Corporate Finance
  • Fixed Income Securities
  • Portfolio Management
  • Derivative Products
  • Institutions financières : théorie et modèles de gestion
  • Capital de risque et financement de l'innovation
  • International Portfolio Management
  • Stratégies financières
  • Assurances
  • L'incertain et l'information

Compulsory Course of the Program

  • Comparative Perspectives on Business Organizations

Compulsory Activities

  • Business Research Ethics
  • Thesis
  • Research Workshop

Specialization Preparation Courses

  • Introduction to Econometrics
  • Microeconomics
  • Investment
  • Financial Management

Strongly Recommended Activities

  • How to cite properly your sources

Scholarships & funding

Several scholarship options are available, please visit the university website.

Tuition fees


  • Quebec students: $5800
  • Canadian students, non-residents of Québec: $14200
  • French and French Belgian students: $5800
  • International students: $28800

Supervised project

  • Quebec students: $6300
  • Canadian students, non-residents of Québec: $14700
  • French and French Belgian students: $6300
  • International students: $29900


Credits - 45 Credits

Career opportunities

Positions held by program graduates

  • Arbitrage advisor – bonds
  • Financial analyst
  • Quantitative analyst
  • Senior analyst

Contact school

Want to know more about this program, Master of Science (MSc) – Applied Financial Economics? Fill out the following form and include any questions you have. This information will be sent directly to the school, and a representative will respond to your enquiry.

About this institute

HEC Montreal

HEC Montréal

Founded in 1907, HEC Montréal offers internationally renowned management education and research. It is the oldest business school in Canada and was also the first school in North America to hold the prestigious triple accreditation (AACSB, AMBA and EQUIS). It...

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Contact info

HEC Montreal

3000 Chemin de la Côte-Sainte-Catherine
H3T 2A7 Montréal QC

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