ÉCOLE DES HAUTES ÉTUDES COMMERCIALES · CANADA
Doctorate in Business Administration (Ph.D.) – Financial Engineering
PhD · Taught in en
At a glance
72 mo
Duration
—
IELTS
€0k
Tuition / yr
en
Language
PhD
Level
- 4-5 yearsProgram Duration
- 90 creditsProgram Size
- Tuition fee exemptionFinancial Support
- Competitive fundingFinancial Support
- Access to top journalsResearch Excellence
- Multidisciplinary research environmentExpertise
The Ph.D. in Financial Engineering is a rigorous, full-time doctoral program offered jointly by HEC Montréal, Concordia University, McGill University, and Université du Québec à Montréal (UQAM). This unique partnership provides access to an exceptionally broad range of resources, including faculty expertise and specialized courses, rarely found elsewhere. The program focuses on advanced topics in finance and mathematics, with mathematics courses recognized by the Institut des sciences mathématiques (ISM), allowing doctoral students from other universities to enroll. Graduates are well-prepared for academic careers or high-level positions in finance, consulting, and investment firms.
Curriculum
The Ph.D. program requires a minimum of 90 credits and is structured in three phases: preparation, specialization, and thesis. The total duration can range from 3 to 6 years.
- Phase I – Preparation (Maximum 1 year)
- Phase II – Specialization (Maximum 2 years)
- Analysis of Extreme Values with Application in Financial EngineeringMATH 80622A
- Contingent Claims in Incomplete MarketsFINA 80222A
- Responsible Conduct of Research: From Norms to Practice
- Phase III – Thesis
Careers
Graduates of the Ph.D. in Financial Engineering are highly sought after for both academic and industry positions. The program's rigorous training and research focus prepare students for impactful careers.
- University Professor
- Researcher
- Senior Manager in Finance
- Consultant
- Investment Analyst
Frequently asked questions
- What are the tuition fees for the Ph.D. in Financial Engineering?
- Tuition fees are exempt for all students (home and international) for the first four years of the program. Beyond this period, students are responsible for any associated costs.
- Is financial support available for Ph.D. students?
- Yes, competitive funding is automatically provided for the first four years of study to admitted doctoral students, which may also cover living expenses.
- What are the entry requirements for this Ph.D. program?
- Applicants typically need a strong academic record and a Master's degree in a relevant field such as Finance, Mathematics, Statistics, Economics, or Engineering. Admission is competitive and based on academic background, research potential, and recommendations.
- How long does the Ph.D. in Financial Engineering program take to complete?
- The program duration ranges from 3 to 6 years, with a typical completion time of 4-5 years. It requires a minimum of 90 credits structured across preparation, specialization, and thesis phases.
- What are the career prospects for graduates of this program?
- Graduates are highly sought after for both academic and industry positions. Common roles include University Professor, Researcher, Senior Manager in Finance, Consultant, and Investment Analyst.
Entry requirements
Master's degree or equivalentA strong academic record is required, typically a Master's degree in a relevant field such as Finance, Mathematics, Statistics, Economics, or Engineering.
Admission to the program is competitive. Candidates are evaluated based on their academic background, research potential, and letters of recommendation. Applicants may be required to have completed specific prerequisite courses.
Fees
Tuition (international)Exempt for the first 4 years
Tuition (home)Exempt for the first 4 years
LivingFunding is provided for the first 4 years of study, which may cover living expenses.
While tuition is exempt for the first four years, students are responsible for any costs beyond that period. An estimated living cost figure is not provided.
How to apply
1. Prepare Application DocumentsGather academic transcripts, letters of recommendation, a statement of purpose, and any other required documents. Ensure your academic record is strong and highlights your research potential.
2. Submit Online ApplicationComplete the online application form via the HEC Montréal program admission portal.
3. Application ReviewThe admissions committee will review all submitted applications based on academic merit, research experience, and alignment with the program's focus.
4. Admission OfferSuccessful candidates will receive an offer of admission, which will include details about funding and the next steps.
Scholarships
Doctoral FundingCompetitive
Accreditation
This program is offered by HEC Montréal, a globally recognized business school. The mathematics courses are recognized by the Institut des sciences mathématiques (ISM).
Frequently asked questions
What are the tuition fees for the Ph.D. in Financial Engineering?
+
Tuition fees are exempt for all students (home and international) for the first four years of the program. Beyond this period, students are responsible for any associated costs.
Is financial support available for Ph.D. students?
+
Yes, competitive funding is automatically provided for the first four years of study to admitted doctoral students, which may also cover living expenses.
What are the entry requirements for this Ph.D. program?
+
Applicants typically need a strong academic record and a Master's degree in a relevant field such as Finance, Mathematics, Statistics, Economics, or Engineering. Admission is competitive and based on academic background, research potential, and recommendations.
How long does the Ph.D. in Financial Engineering program take to complete?
+
The program duration ranges from 3 to 6 years, with a typical completion time of 4-5 years. It requires a minimum of 90 credits structured across preparation, specialization, and thesis phases.
What are the career prospects for graduates of this program?
+
Graduates are highly sought after for both academic and industry positions. Common roles include University Professor, Researcher, Senior Manager in Finance, Consultant, and Investment Analyst.