PhD in administration - Financial Engineering

Be part of a community of multidisciplinary researchers, with solid internationally recognized expertise.

Do your PhD in a rigorous milieu, renowned for its resources and the quality of support available for junior researchers.

Your PhD in short

• Offered by HEC Montréal jointly with Concordia and McGill universities and the Université du Québec à Montréal (UQAM). This partnership gives you access to resources (faculty and courses) rarely available elsewhere in the world.
• This specialization offers a variety of high-level courses in finance and mathematics. The mathematics courses are recognized by the Institut des sciences mathématiques (ISM) and may be taken by PhD in mathematics students at the main universities in the region.
• Full-time program allowing you to complete your studies in 4 or 5 years.
• Tuition fees waived and competitive funding for the first four years of your studies.

For a career in academia or business

6 of the 15 graduates from this specialization between 2006 and 2016 hold positions as professors at universities in Canada or the United States.

The others are working as executives or consultants for leading firms or investment funds, e.g. Deloitte, KPMG, PSP Investment and the Abu Dhabi Investment Authority.

Among the best

The work of PhD students in the Financial Engineering specialization has been recognized for its outstanding quality and has earned them many awards and scholarships:

• awards for the best PhD dissertation in 2008 and 2014
• two Alexander Graham Bell Canada Graduate Scholarships from the Natural Sciences and Engineering Research Council of Canada (NSERC), in 2010 and 2012
• two Bourse de Montréal awards, in 2014 and 2015
• a scholarship from the Society of Actuaries
• a “Women in Finance” scholarship from the National Bank
• many scholarships from the Institut de finance mathématique (IFM2)

Papers based on dissertations by PhD students in the Financial Engineering specialization are published in top-tier journals in the field, including:

• Journal of Banking and Finance
• Journal of Economic Dynamics and Control
• Journal of Risk and Insurance
• The Energy Journal
• Quantitative Finance

Varied research interests

Our PhD students and candidates

See the list of students in this specialization on Google Scholar.

Top-flight research infrastructure

PhD students in this specialization benefit from the best possible infrastructure, allowing them to carry out advanced research in financial engineering.

An internationally renowned multidisciplinary team

Members of the Department of Decision Sciences associated with the Financial Engineering specialization 

Left to right: Hatem Ben Ameur, Chantal Labbé, Michel Denault, Michèle Breton, Geneviève Gauthier, Debbie Dupuis and Bruno Rémillard.

Members of the Department of Finance associated with the Financial Engineering specialization

Left to right: Simon van Norden, Pascale Valery, Jean-Guy Simonato, Nicolas Papageorgiou, Pascal François and Philippe d’Astous. Absent when the photo was taken: Christian Dorion and Georges Dionne.

World-class research in financial engineering

HEC Montréal offers doctoral students in financial engineering an exceptional scientific milieu, with a research chair and two professorships.

• Canada Research Chair in Decision Making Under Uncertainty, held by Professor Érick Delage
• Canada Research Chair in Risk Management, directed by Professor Georges Dionne
• Research Professorship in derivatives analysis: Professor Jean-Guy Simonato
• Research Professorship in financial risk factors and derivatives: Professor Christian Dorion
• Research Professorship in statistics: Professor Debbie J. Dupuis

The professors are members of various internationally renowned research centres or institutes:

• Centre for Interuniversity Research and Analysis on Organizations (CIRANO)
• Centre de recherches mathématiques (CRM)
• Group for Research in Decision Analysis (GERAD)
• Montreal Institute of Structured Finance and Derivatives (IFSID)

All the members of the Decision Sciences group have individual grants from the Natural Sciences and Engineering Research Council of Canada (NSERC) .

Apply

•  Watch the information webinar
•  Questions about our PHD Program?