|Hautes études commerciales de Montréal|
|Motto||Letters that will take you far|
|Endowment||$ 127 million|
|Director||Dr. Michel Patry|
|Academic staff||269 (2012-13)|
|Admin. staff||531 (2012-13)|
|Location||Montreal, QC, Canada|
|Alumni||71,000 (since 1907)|
|Affiliations||Université de Montréal, AACSB, EQUIS, AMBA UACC, CBIE|
HEC Montréal (École des Hautes Études commerciales de Montréal), is the independent affiliated business school of the Université de Montréal, and the oldest management School in Canada. It holds accreditations from AACSB, EQUIS and AMBA, one of two schools in North America to hold triple accreditation in management education. The full name of HEC Montreal was École des Hautes Études Commerciales; the school was renamed HEC Montréal in 2002. The School is not related to the HEC Lausanne or the HEC Paris. It is known for its international atmosphere, with one third of the students and 40% of professors coming from abroad, and favours a multilingual approach to business education, offering bilingual (French and English) and trilingual (French, English and Spanish) bachelor's degrees, and graduate degrees both in English and in French.
HEC Montréal was founded in 1907 by the Chambre de commerce de Montréal with the help of the Saint-Jean-Baptiste Society. Built on the model of Grandes Écoles French style, the School is autonomous and has no link with a university.
The school celebrated its 100th anniversary in 2007. Moreover, HEC Montréal currently has fifty research centres, including 22 research chairs. The student body is made up of approximately 12,000 students and the faculty consists of 250 professors.
List of Directors
|Years of Service||Director|
|1||1907 - 1916||Auguste-Joseph de Bray|
|2||1916 - 1938||Henry Laureys|
|3||1938 - 1962||Esdras Minville|
|4||1962 - 1972||Roger Charbonneau|
|5||1972 - 1974||Paul Dell'Aniello|
|6||1974 - 1975||Roger Charbonneau|
|7||1975 - 1982||Pierre Laurin|
|8||1982 - 1987||Pierre Harvey|
|9||1987 - 1995||Jean Guertin|
|10||1995 - 2006||Jean-Marie Toulouse|
|11||2006 - current||Michel Patry|
- Bachelor's in Business Administration
HEC Montreal offers a 4-year (3-year for Quebec students who completed CEGEP) bachelor's of business (BBA) program. The degree is equivalent to a Bac+4/5 in the French system. The degree is available in different formats: the first year can either be fully in French or in English (with language courses in the other language, or Spanish). Students then select one of three profiles:
- French: core courses in French, followed by options which may be in French, English or Spanish. A semester abroad is optional but encouraged.
- Bilingual: core courses in French and in English, followed by options in French, English or Spanish. A semester abroad (or Campus Abroad program) is mandatory.
- Trilingual: core courses in French, Spanish and English, followed by a mandatory semester abroad (or Campus Abroad program), and options in any of the three.
These combinations are quite unique in the continent. Students complete a series of core courses in economics (micro, macro and policy analysis), mathematics (optimisation, statistics, probability, etc.), sociology, psychology and the main functions found within a business, such as operations management, marketing, finance, HR, etc. Students then specialize in one of several topics: Finance, Accounting (the two most popular), Marketing, Human Resources, Operations Management, IT, Applied Economics or Quantitative Methods. Students may also combine two of these options to get a mixed specialization, or take an extra year and complete two entire specializations.
Student exchanges are very popular: over 350 students attend some of the 100+ partner universities in 30+ countries (Australia, Argentina, Brazil, France, Germany, UK, Spain, Turkey, Hong Kong, Singapore, Thailand, China, Japan, Sweden, etc.) and another 350+ students come from these universities to HEC Montreal. International students make up a significant proportion of the student population (close to 1/3), and the most common origins are France, Northern Africa and Latin America. Students who have only taken few classes of French in the past can do their first year exclusively in English, and take French language courses as well. These courses, and a full year of life in Montreal, should prepare them to start taking classes in French the following year. In a very short time, the students can become perfectly bilingual -an invaluable asset for an international career.
- Double degree — HEC Montreal and EM Lyon
Students at HEC Montreal and at EM Lyon can enroll in this 4-year program, delivered jointly by the two institutions. They receive a Bachelor's degree from HEC Montreal, and a Master's of Science from EM Lyon. This not only provides two degrees from highly regarded institutions in two continents, but also an interesting cultural experience.
- D.E.S.S. (Graduate Studies Diploma)
The school also offers a specialized, one-year professional program called D.E.S.S (Diplôme d'études supérieures spécialisées) in French, in very specific topics, for people who already hold a Bachelor's degree.
- Master of Science (M.Sc)
The rigorous M.Sc is one of the most reputed programs in the school, and it can be taken with a major research project or with a supervised project and more courses. Candidates should hold a Bachelor's degree in a field such as management, mathematics, engineering, psychology, economics or another field. Most students need to complete a few additional "preparation courses" from the final year of the B.B.A in order to prepare for their option.
Several options are available in French, including the highly quantitative M.Sc Financial Engineering, as well as M.Sc Financial Economics, M.Sc Finance, M.Sc Applied Economics, M.Sc Information Technologies, M.Sc Analytical Techniques, M.Sc Strategy, M.Sc Accounting Control, M.Sc Organisational Development, M.Sc International Logistics and several other options. The program is quite selective and lasts for 18 to 24 months.
- M.Sc Global Supply Chain Management (in English)
Starting in 2012, HEC Montréal offers a master's degree entirely taught in English with courses covering international business networks, logistic systems, transportation systems, decision support tools, distribution, network optimization and the core "Economics and corporate organization" course.
- Masters in International Arts Management (in English)
The Masters in International Arts Management is jointly delivered by HEC Montreal, SDA Bocconi (Milan) and Southern Methodist University (Dallas). Students begin at SMU, studying international cultural policy, law and the economics of arts markets. They then continue at HEC Montreal, learning about project management, arts branding, marketing for cultural industries and other aspects of the arts business. Finally, they study strategy for the arts business and complete a masters thesis at SDA Bocconi. The program lasts one year.
The school offers MBA programs in French (full and part-time) as well as in English (full-time) with a duration of one year.
- MBA — Financial Services and Insurance (FSI)
The MBA-FSI is jointly delivered by HEC Montreal, University of St. Gallen, Switzerland and Vlerick Leuven Gent Management School, Belgium. It is an executive program targeted at individuals with high potential to achieve leading positions in firms in the financial services industry. The program runs in Belgium, Montreal, Toronto, Zurich, Beijing, Mexico City and New York, and is thus truly international. It is designed to last 22 months.
The EMBA Program is delivered for executives with over 15 years of experience. It is a double degree between HEC Montreal and McGill University
Finally, the school offers PhD degrees together with the other universities of Montreal (McGill, Concordia-JMSB, UQÀM-ESG) in several fields related to management, finance and economics.
HEC Montreal is very active in several fields of research: 25 research chairs are based in the school, including 7 Canada chairs, as well as 26 research centres. 14 professors at HEC Montreal are part of the Royal Society of Canada, and research funding was $13 million between December 2010 and May 2011. The school's researchers published 239 articles in refereed journals, 42 papers in conference proceedings and 514 papers in scientific congresses last year, while 59 of its professors published books or book chapters.
World rankings and distinctions
HEC Montréal has consistently been ranked among the top Business Schools in the world by major publications.
QS Global 200 Business Schools Report 2013-2014 ranked HEC Montréal on the list of 33 Elite Global Schools. According to the report, "Elite Global business schools form an established cadre of the world’s very best business institutions. They are targeted by a wide range of employers, domestically, regionally and globally. Highly international, they typically admit only experienced candidates with superior GMAT scores and all-round credentials. Their name will transform the résumé of any candidate. MBAs will in many cases go on to be influential business leaders, and can expect to earn top salaries upon graduation".
In an employability ranking by Emerging, published in the New York Times in 2012, chairmen and executives from 20 countries were asked which universities they would recruit from. HEC Montréal obtained a 30th position worldwide, and 3rd in Canada, ahead of notable Canadian schools such as York (Schulich), Western Ontario (Ivey), UBC (Sauder) and Queens, and ahead of other notable international schools such as ESCP-Europe (France), Boston University, Georgetown University, New York University, Carnegie Mellon University, etc..
According to an EdUniversal ranking from 2012 and 2013, the school is considered as an Universal School (Highest Grades) and ranks as the 24th most influential business school worldwide, right behind LSE (21st), Melbourne(22nd) and NYU (23rd) but ahead of University of Chicago (Booth, 26th), University of Toronto (Rotman, 27th), Manchester Business School (27th), Northwestern University (Kellogg, 30th) and all but one Canadian school.
HEC Montreal was also:
Listed among the 24 Best International MBA Programs in Forbes' 2013 ranking of MBA Programs (outside USA). HEC Montreal is Ranked 3rd among the Canadian programs, placed behind Schulich (York) and ahead of Sauder (UBC) in the list.
Ranked 3rd in Canada and Top 100 in the world by The Economist in its 2013 "Which MBA" global ranking of full-time MBA programs. HEC Montreal is placed behind Schulich (York) and ahead of Rotman (Toronto) in the list.
Ranked 14th in the 2012 global ranking of the Top-50 business schools compiled by AméricaEconomía magazine, a standard reference for the Latin American business community.
Ranked Top-2 in Canada and 60th in the World in CNNExpansion's 2012 Global MBA Ranking, another reference for the Latin American business community.
Ranked 15th in Businessweek's 2011 Top Non-US B-School list. It was ranked 10th in the list of "international non-US schools" in both 2006 and 2004.
HEC Montréal is also well known for being a centre of financial expertise. On June 22, 2009, the Financial Times listed HEC Montréal's Msc programmes in finance (MSc in Finance, MSc in Financial Engineering and MSc in Financial Economics) among the best MSc in Finance programmes in the world. The Standard Life-HEC Fund, an investment fund created by Standard Life and HEC Montréal, and managed by the best undergraduate and postgraduate students in Finance, took first place at the 10th Redefining Investment Strategy Education (RISE) Forum in 2010. The Standard Life-HEC Fund also took first place in 2009 and 2008.
In February 2010 Expansión, a prestigious Mexican magazine, listed HEC Montréal's MBA programme among the best MBA programmes in the world. This ranking confirms HEC Montréal's prestige, standing and efficient internationalisation strategy.
Since the Commerce Games, an inter-university competition, were founded in 1989, HEC Montréal's students have brought home first place ten times, second place four times and third place four times
The average GMAT score is 650 for the 2010-2011 MBA class.
The Decelles Campus : 1970 - today
In 1970, Robert Bourassa inaugurates the Decelles building of HEC Montreal, named “the School on the mountain”. The students will however use the expression “Bunker” to indicate it. Indeed, its form, just as the use (some will say excessive) of concrete for the exterior facade and the absence of window quickly imposed this expression in the vocabulary of the students.
It is finally in 1976 that the program of Ph.D. is proposed, in collaboration with the university of McGill. The program of MSc (master in management) is created the same year. This evolution is perceived like major for the students and the professors of HEC Montreal.
Under the presidence of Pierre Harvey (HEC 1948), they celebrated in 1982 the 75 years of the School with the presence of René Lévesque. The 7th floor of the Decelles building is inaugurated on this occasion.
In 2012, the entire buiding has been renovated.
The Côte-Sainte-Catherine Campus: 1996 - today
HEC's main building was constructed in 1996 and has since won an award for "institutional architecture. The building was designed by Dan Hanganu and Jodoin, Lamarre, Pratte and Associates The building is situated at 3000 Côte-Sainte-Catherine (Map), next to the Université-de-Montréal Metro Station. The former main building at 5255 Decelles (Map) is now used as a secondary building. The first building used by HEC was located in downtown Montreal but is no longer used by the school.
The trading floor of the school is inaugurated in 1997: it is conceived to be able to be used in case the Montreal Stock Exchange would have major engineering problems. Now known under the name of National Bank of Canada trading floor, it is renovated in 2007 in order to remain with the technological avant-garde.
- Department of Accounting Studies
- Department of Finance
- Department of Human Resources Management
- Department of Information
- Department of International Business
- Department of Management Sciences
- Department of Marketing
- Department of Logistics and Operations Management
- Institute of Applied Economics (IEA)
• Pauline Marois: Actual Prime Minister of Québec (30th)
• Matthieu Delormeau: French Television celebrity
• Gérard Parizeau: Canadian Businessman
• Jacques Parizeau: Former Prime Minister in Québec
• Hélène Desmarais: Canadian Businesswoman
• Stéphane Bédard: Québec Politician and lawyer
• Marie Gibeau: Québec Politician
• Léo-Paul Lauzon: Québec Politician
• Sylvain Pagé: Québec Politician
• Daniel Paillé: Québec Politician and Economist, former Minister
• Charles-Albert Poissant: Philanthrope and Canadian Businessman
• Armando Torres Chibrás: Orchestra conductor
• Jameleddine Gharbi: Politician and former Tunisian Minister
- Higher education in Quebec
- List of universities in Quebec
- Canadian Interuniversity Sport
- Canadian government scientific research organizations
- Canadian university scientific research organizations
- Canadian industrial research and development organizations
- "Faits et chiffres 2012-2013". HEC Montréal. Retrieved 13 March 2013.
- "Michel Patry". HEC Montréal.
- General info
- HEC Montréal | News | HEC Montréal, A Centre of Financial Expertise
- Business school rankings from the Financial Times - Masters in Finance 2010 listing
- HEC Montréal | News | The Standard Life–HEC Montréal Fund Takes Top Prize at the RISE Forum
- HEC Montréal | News | HEC Montréal in the Expansión Ranking
- HEC Montréal | News | 2009 Commerce Games: HEC Montréal Takes Second Place
- Jodoin, Lamarre, Pratte and Associates
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- Official website
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- HEC Montréal on Flickr
- HEC Montréal LipDub