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PhD in administration - Financial Engineering

“I acquired cutting-edge knowledge on a number of current topics, surrounded by dynamic and motivated researchers. It was a highly stimulating and interesting experience!”
— Frédéric Godin, PhD. Associate Professor, Concordia University

In-program funding

During the first four years of studies, you receive funding of at least $30,000 per year.

This amount may include various sources of funding (scholarships, remuneration for teaching contracts, research activities).

Financial support from the Research and Knowledge Transfer Office

In accordance with the available funding, the Research and Knowledge Transfer Office can grant funding of up to $5,000 over the duration of studies to support your research and scientific publishing efforts, and to assist you in your job search. Find out more about funded activities.

Tuition fees (tuition + institutional fees)

You benefit from a tuition waiver for the first four years of studies. During this period, you must pay institutional fees and health insurance fees, if applicable. You can find more details, according to your status, on the tuition page or in the tables below.

Estimated costs and resources for a Canadian, French or French Belgian student

		Year 1	Year 2	Year 3	Year 4	From year 5
Fees	Tuition Fees	$0	$0	$0	$0	$2,700
	Institutional Fees	$1,800	$1,800	$1,700	$1,700	$1,700
	Total	$1,800	$1,800	$1,700	$1,700	$4,400
Guaranteed resources upon admission	In-program funding	$30,000	$30,000	$30,000	$30,000	$0
Guaranteed resources upon admission	Financial support from the Research and Knowledge Transfer Office	Maximum support of $5,000 for the entire duration of your studies

Fees are subject to change without notice.

Estimated costs and resources for an international student

		Year 1	Year 2	Year 3	Year 4	From year 5
Fees	Tuition Fees	$0	$0	$0	$0	$3,300
	Institutional Fees	$1,800	$1,800	$1,700	$1,700	$1,700
	Health Insurance	$700	$700	$700	$700	$700
	Total	$2,500	$2,500	$2,400	$2,400	$5,700
Guaranteed resources upon admission	In-program funding	$30,000	$30,000	$30,000	$30,000	$0
Guaranteed resources upon admission	Financial support from the Research and Knowledge Transfer Office	Maximum support of $5,000 for the entire duration of your studies

Fees are subject to change without notice.

To estimate your essential expenditures, please refer to our sample budget.

Additional financial resources

HEC Montréal encourages students to apply for scholarships from Quebec and other Canadian granting agencies (annual competitions). The Student Services provides support for the preparation of students' grant applications.

Fonds de recherche du Québec – Société et culture (FRQSC)

Fonds de recherche du Québec – Nature et technologies (FRQNT)

Fonds de recherche du Québec – Santé (FRQS)

Conseil de recherche en sciences humaines du Canada (CRSH)

Conseil de recherche en sciences naturelles et génie du Canada (CRSNG)

Instituts de recherche en santé du Canada (IRSC)

Funding my studies – Workshops and information sessions

Questions? Contact analyste.bourses@hec.ca.