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HEC Montreal MFin

Dhruvin Jain

Dhruvin Jain

Jun 21, 2025

19 mins read

HEC Montreal MFin

Introduction

The HEC Montreal MFin program is a great choice if you want a strong career in finance. Whether you dream of working in banking, investing, or managing money for big companies, this program gives you the tools to succeed.

HEC Montreal is one of Canada’s best business schools. It’s known for its top finance education and strong global reputation. The HEC Montreal Master of Finance program helps students learn real skills they can use in jobs around the world.

Montreal is also an amazing place to study finance. The city has many banks, investment firms, and financial companies. Students at HEC Montreal get lots of chances to connect with people in the finance world, find internships, and land great jobs. With expert teachers, helpful classmates, and hands-on learning, this program is built to help you grow.

Why Choose HEC Montreal MFin?

The HEC Montreal MFin program is one of the top finance programs in the world. It is known for its strong teaching in finance, economics, and business. Many students from around the world choose HEC Montreal because of its high-quality education and global respect.

Montreal is a great city for finance students. It’s a bilingual city — people speak both French and English. This gives you an extra advantage when looking for jobs in Canada and around the world. You can work and connect with companies in two major languages.

The program is also known for being both tough and practical. That means you will study hard, but also learn how to use what you learn in real jobs. You’ll work on real projects, solve business problems, and understand how finance works in the real world.

HEC Montreal has strong ties with the finance industry. Many top companies visit the campus, and the school’s alumni network is very helpful. Past students often come back to help new students succeed. With all this support, you’ll be ready to build a strong career after graduation.

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HEC Montreal MFin Program Highlights

Curriculum Overview of HEC Montreal MFin

The HEC Montreal MFin program teaches students the most important finance skills. You’ll learn about:

  • Investments – how money is managed and grown
  • Corporate finance – how companies make smart money choices
  • Risk management – how to handle financial risks and protect money

Some students can choose a focus area, like:

  • Financial engineering – for students who like math and modeling
  • Asset management – for those who want to manage large funds or portfolios

This program is also linked to the CFA (Chartered Financial Analyst) exam. That means what you study will help you prepare if you want to become a CFA, which is one of the best finance certifications in the world.

Program Duration and Format at HEC Montreal MFin

The HEC Montreal Master of Finance program usually takes 16 to 24 months to finish. The time depends on what you choose — like doing a thesis or picking a specialization.

It’s a full-time program, which means you’ll be busy studying and working on projects most of the week. It’s fast-paced and made for students who want to learn quickly and deeply.

Unique Features of HEC Montreal MFin

This program also gives you special chances to learn outside the classroom:

  • You can go on an international study trip to learn about finance in other countries.
  • There are financial trading rooms with Bloomberg terminals, just like in real investment banks.
  • You can choose to do a thesis or a supervised research project if you want to explore a topic more deeply.

These special features help you build real skills and stand out when applying for jobs.

HEC Montreal MFin Admission Requirements

Eligibility Criteria for HEC Montreal MFin

To apply for the HEC Montreal MFin, you should have a strong background in finance, economics, or other quantitative fields like math or engineering. The program looks for students who are good with numbers and problem-solving.

You don’t need work experience, but having internships or full-time jobs in finance can help your application stand out. It shows that you understand the field and are ready for a deeper level of study.

Documents and Test Scores Needed for HEC Montreal MFin

Here are the key documents and test scores you’ll need for your application:

  • GMAT or GRE score
    A good score is often required unless you're eligible for a waiver.
  • Language test scores (if your previous studies were not in English or French)
    • TOEFL or IELTS for English
    • TFI for French
  • Resume (CV) – one page, clear and simple
  • Statement of Purpose (SOP) – explains why you want to join this program
  • Two recommendation letters – from professors or work supervisors who know you well

Make sure your documents are complete and well-written. A strong application increases your chances of getting in.

Application Deadlines for HEC Montreal MFin

Here are the key deadlines for applying to the HEC Montreal Master of Finance program. It’s best to apply early as spots can fill up quickly.

Round

Deadline

Round 1November 15, 2024
Round 2January 15, 2025
Round 3March 15, 2025
Round 4May 15, 2025
Final RoundJune 15, 2025 (if seats remain)

Always check the official HEC Montreal website for the latest updates.

HEC Montreal MFin Fees and Cost of Attendance

Tuition Fees for HEC Montreal MFin

The tuition fees for the HEC Montreal MFin program depend on where you're from. The school offers different rates for Quebec residents, other Canadians, and international students.

Here’s a simple breakdown of the tuition:

Expense Type

Monthly Cost (CAD)

Rent (shared)$500 – $800
Food$300 – $500
Transportation$90

Living Expenses for HEC Montreal MFin Students

Living in Montreal is more affordable than in cities like Toronto or Vancouver. Still, you should plan your budget carefully. Here's a rough monthly estimate for living costs:

Expense Type

Monthly Cost (CAD)

Annual Cost (Approx.)

Rent (shared)$500 – $800$6,000 – $9,600
Food$300 – $500$3,600 – $6,000
Transportation$90$1,080
Insurance$90$1,080
Other Costs$200$2,400
Total$14,000 – $20,000

These numbers depend on your lifestyle and housing choice.

Scholarships and Financial Aid for HEC Montreal MFin

HEC Montreal offers several ways to help you with the cost of your studies:

  • Merit-based scholarships – Given to top students with strong academic records.
  • Need-based support – Financial help for students who can show need.
  • External scholarships – You can also apply for national or private funding in your home country.
  • Graduate assistantships – Some students get jobs on campus that help pay for tuition or living costs.

It’s a good idea to apply for aid as early as possible. Some scholarships are awarded right after admission, while others need a separate application.

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HEC Montreal MFin Career Outcomes and Placements

Top Employers Hiring HEC Montreal MFin Graduates

Graduates of the HEC Montreal MFin program are hired by top companies around the world. These include:

  • Banks – like RBC, BMO, Scotiabank, and TD
  • Investment firms – including BlackRock, Fidelity, and Caisse de dépôt
  • Consulting companies – such as McKinsey & Company, Deloitte, and PwC
  • Fintech firms – like Lightspeed, Hopper, and other growing tech companies

The school’s strong ties with these employers make it easier for students to get interviews and land jobs in top roles.

Average Salaries After HEC Montreal MFin

Salaries after completing the HEC Montreal Master of Finance can vary depending on the job and location. Here's a general idea of what you might earn:

Sector

Average Starting Salary (CAD)

Investment Banking$80,000 – $100,000
Asset Management$75,000 – $90,000
Consulting$70,000 – $85,000
Corporate Finance$65,000 – $80,000
Fintech & Startups$60,000 – $75,000

Career Support and Services at HEC Montreal MFin

HEC Montreal offers strong career support to help students find the right job:

  • Career fairs – meet recruiters from top finance companies
  • One-on-one coaching – get help with your resume, interviews, and job search plan
  • Networking events – connect with alumni and employers from Canada and around the world
  • Workshops – on topics like salary negotiation, LinkedIn building, and career planning

The school's career center is very active, and most students feel well-prepared to enter the job market after graduation.

HEC Montreal MFin Class Profile

The HEC Montreal MFin program brings together a smart and diverse group of students from around the world. Here's what a typical class looks like:

Age and Work Experience

Most students in the program are between 22 and 28 years old. Many come straight from university, but others have 1 to 3 years of work experience in finance, accounting, or business.

Work experience is not required, but having some can be helpful. It shows you understand the real world of finance and can add value to classroom discussions.

GMAT and GRE Scores

To get into the program, most students take the GMAT or GRE. Here are the average scores:

  • GMAT average: 650
  • GRE average: 315 (Verbal + Quantitative)

These are not minimum scores, but having a score in this range can make your application stronger. Some students may also qualify for a test waiver if they meet certain academic or professional conditions.

Gender Balance and International Students

HEC Montreal values diversity in its classrooms. The MFin program includes students from many different backgrounds and cultures.

Here’s what the class makeup usually looks like:

Category

Percentage (Approx.)

Female students40%
International students60%

This mix of local and global students helps everyone learn from different views and build strong networks across the world.

HEC Montreal MFin Rankings and Accreditations

Global Rankings

The HEC Montreal MFin program is well respected around the world. It is ranked by top education groups like:

  • QS World University Rankings – HEC Montreal often ranks among the top 100 universities for finance and business.
  • Financial Times – While the MFin program itself may not always be ranked separately, the school’s business programs often place among the best in North America.

These rankings show that employers and students value the school’s quality and strong teaching in finance

Triple Crown Accreditation

HEC Montreal is part of a very select group of schools with the Triple Crown Accreditation. This means it has earned the top three accreditations in the business education world:

  • AACSB – Association to Advance Collegiate Schools of Business (USA)
  • EQUIS – European Quality Improvement System (Europe)
  • AMBA – Association of MBAs (UK)

Less than 1% of business schools worldwide have all three. This makes HEC Montreal one of the most trusted and globally recognized schools for business and finance education.

Student Life During HEC Montreal MFin

Campus Life at HEC Montreal

Life on campus is busy, fun, and full of learning. The HEC Montreal MFin program gives you more than just classroom education. Students join clubs, meet new people, and build leadership skills.

Some popular activities include:

  • Finance and Investment Clubs – Practice your finance skills with real challenges and competitions.
  • Student Associations – Join groups that match your interests and help you grow your network.
  • Leadership Programs – Learn how to lead teams, solve problems, and manage projects.

These activities help you build soft skills and make strong friendships that can last a lifetime.

Living in Montreal While Studying HEC Montreal MFin

Montreal is one of Canada’s best cities for students. It’s known for being safe, fun, and full of culture. You’ll enjoy:

  • A bilingual environment – People speak both French and English, which helps you learn and grow.
  • A vibrant student life – With lots of events, concerts, sports, and festivals.
  • Great food and culture – Enjoy everything from coffee shops to museums, street art to live music.

The cost of living is lower than many other big cities, which makes it easier to enjoy your time as a student.

Want help with your study abroad journey?

HEC Montreal MFin vs Other Leading MFin Programs in Canada

Canada has many strong Master of Finance programs, but each school offers something different. Let’s compare the HEC Montreal MFin with other top options like McGill, Waterloo, Sauder (UBC), Queen’s, and Schulich (York).

Comparison Table: Top MFin Programs in Canada

Feature

HEC Montreal

McGill

Waterloo

Sauder (UBC)

Queen’s

Schulich (York)

Program Length16–24 months12–16 months16 months16 months12 months12–16 months
LocationMontrealMontrealWaterlooVancouverKingstonToronto
Tuition (Int’l)~$34,000 CAD~$49,000 CAD~$43,000 CAD~$55,000 CAD~$54,000 CAD~$46,000 CAD
CFA PartnershipYesYesYesYesYesYes
SpecializationsOptionalLimitedQuant FinanceFinancial AnalysisFinanceFinancial Risk
International Students~60%~50%~40%~60%~45%~55%
LanguageEnglish/FrenchEnglishEnglishEnglishEnglishEnglish

Key Takeaways

  • HEC Montreal MFin is great for students who want flexibility in program length, lower tuition, and a bilingual environment.
  • McGill and Sauder are strong choices for students who want global brand recognition and fast-track options.
  • Waterloo is ideal for students with strong math and tech skills looking to dive into quantitative finance.
  • Queen’s and Schulich offer solid one-year options focused on financial analysis and risk management.

HEC Montreal stands out for its affordable cost, academic strength, and strong industry connections in a major financial hub.

FAQs
Do I need to know French for HEC Montreal MFin?
No, French is not required. The HEC Montreal MFin is offered fully in English. However, knowing French can help you find more job opportunities in Quebec and better enjoy life in Montreal, a bilingual city,
What are the career prospects after HEC Montreal MFin?
Graduates work in top companies in investment banking, consulting, asset management, corporate finance, and fintech. With strong career support, many students land jobs in Canada and internationally within 3–6 months of graduation.
Is GMAT mandatory for HEC Montreal MFin?
Yes, the GMAT or GRE is usually required. However, some applicants may be eligible for a waiver based on academic or professional background. Check with HEC Montreal's admissions team for details
How long does it take to complete HEC Montreal MFin?
The program takes 16 to 24 months, depending on whether you choose a thesis or specialization. It’s a full-time, intensive program designed for deep learning in a short period.
Are scholarships available for HEC Montreal MFin?
Yes, scholarships are available. HEC Montreal offers both merit-based and need-based awards. You can also apply for external scholarships or graduate assistantships to support your studies. For more comprehensive detail visit the MastersBuddy Platform.
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Dhruvin Jain
Dhruvin Jain

Articles: 20

Dhruvin Jain is the co-founder of MastersBuddy, a tech-first platform that has helped over 2500 students find and apply to top master’s programs globally. He is a master’s graduate from IE Business School, and is passionate about education, technology, and entrepreneurship.

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