(HEC Montréal Top business undergrads) x (New $10,000 HSBC Award) = a financially-stress-free semester studying abroad

Mardi 29 septembre 2015

Starting this fall, HEC Montréal and nine other top Canadian universities will begin granting a new and noteworthy Award to some of Canada’s most deserving and internationally-minded students.  

“Studying abroad helps students to develop the skills and mindset needed to collaborate and compete on a global stage,” Jason Henderson, Executive Vice President and Head of Global Banking and Markets for HSBC Bank Canada and executive sponsor of the new award program. “The HSBC International Business Awards will lower financial barriers to international study for 60 deserving students across Canada – including six top from HEC Montréal – and possibly give them an opportunity to build an international career at HSBC.” 

Each recipient will receive $10,000 to help cover the costs associated with studying abroad, with the Award being granted on the basis of academic achievement, leadership and financial need related to the additional costs of completing an international university exchange program. In addition, they can apply for a summer internship with HSBC Bank Canada, as well as a place in one of the international bank’s management trainee programs upon graduation.

“We are very pleased to partner with HSBC to offer our deserving students a professional head-start and a rich intercultural experience by studying abroad through our international exchange program comprised of 124 destinations in 38 countries,” said Federico Pasin, HEC Montréal Secretary General and Director of International Activities.

The new Award is anticipated to be welcome news for the 60 students set to receive the Award in Canada. In fact, HSBC’s latest global survey study: the Value of Education, suggests that 6 in 10 parents in Canada would like to see their child study abroad.1 Whereas in comparison, a 2014 research study by the Canadian Bureau for International Education (CBIE), states that only 3% of Canadian students are going abroad on international study programs or exchanges – one of the lowest numbers among Organisation for Economic Co-operation and Development countries.2

Granted to two business school students each year for three years at each of the 10 universities, a total of 60 students are expected to receive the Award by 2017.  


1. HSBC Value of Education : Learning for Life global research study, available at: www.hsbc.ca/education
2. 2014 Canadian Bureau for International Education (CBIE) research report, available at: www.cbie.ca


About HEC Montréal

HEC Montréal is an internationally renowned business school, with over 13,000 students. Every year it trains more than 8,000 executives and managers. The School holds many prestigious accreditations and offers some 50 programs of study at the undergraduate and postgraduate levels. It is one of the most active business schools in Canada in terms of research, with approximately 50 research units, including 26 chairs (seven of which are Canada Research Chairs). With a faculty of 260, HEC Montréal offers programs in several languages and attracts students from 147 countries. Since its founding in 1907, the School has trained more than 78,000 students in all fields of management. hec.ca |Facebook | Twitter | LinkedIn




Julie Lajoye, Media Relations Adviser, HEC Montréal
julie.lajoye@hec.ca or 514 340-7320

News room > Press releases > 2015 > (HEC Montréal Top business undergrads) x (New $10,000 HSBC Award) = a financially-stress-free semester studying abroad