(MSc) Applied Financial Economics

Are you seeking a challenging career in microeconomics? Would you like to learn all about using econometric methods in finance or macroeconomics? Take a look at this specialization at the crossroads of finance and economics.

Your training

• Understanding and applying theoretical and empirical models used in finance, which often take root in economics.
• Acquisition of skills to facilitate decision-making in different types of organizations: analysis and micro and macroeconomic modeling; portfolio analysis and asset valuation.
• Advanced knowledge in the use of statistical, econometric and machine learning methods for carrying out business analyses and forecasting.
• Learning programming and data analysis languages adapted to current issues.
• Personalized mentoring from professors who are renowned for their expertise and availability.

Research chairs, centres and groups

• Centre for Research on E-finance
• Centre for Productivity and Prosperity
• Institut du Québec
• Group for Research in Economics and Finance Research (GReFi)
• MacroMontréal
• Centre for Interuniversity Research and Analysis on Organizations (CIRANO)

A step towards your future career
Organizations trust the expertise acquired by students of this master’s degree. This is evidenced by examples of recently proposed supervised projects.

• Analysis of the impact of economic and financial developments on an organization.
• Study of climate change risks on investment portfolios.
• Assessment of the impacts of monetary and government policies on particular firms or financial markets.
• Creation of forecasts based on econometric advancements and machine learning.
• Assessment of cybersecurity risks in financial institutions.

Your master’s degree could also serve as a springboard to a career in research. Some recent thesis topics attest to this.

• Improving the credit risk simulation methodology for corporate bonds using machine learning with covariate adaptation.
• Factor analysis of liquidity effects on the stock market.
• Incomplete information in the composition of public spending: exploring the effects on economic activities.

Positions held by program graduates:

• Financial analyst
• Senior analyst
• Quantitative analyst
• Arbitrage advisor – bonds
• Economist