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Course content

Double Degree Data & Finance X-HEC

The program offers you a perfect balance of theory and practice. Elective courses, Certificates and numerous academic opportunities throughout the program allow you to customize the curriculum to your needs and aspirations

This program is a double degree offered jointly by Ecole Polytechnique and HEC Paris, combining over two years the academic expertise of the best engineering school in France and the best business school in France.

Olivier Bossard

Professor of Finance


The key aim of the teaching in this Double Degree is to provide students with the tools needed to solve real problems, using structured and unstructured data masses, teaching them to ask the ‘right’ questions (both from statistics, ‘business’ and finance perspectives) and to use the appropriate mathematical and IT tools, and methodology to answer these questions.


The first year teaching focuses largely on the data produced by ‘real-life’ cases obtained in association with the program’s industrial partners. Students will learn how to perform a complete data analysis, from data manipulation, exploration, and visualization to analysis with powerful machine learning methods and to communicate and deploy their solution. Students can also benefit from refresher courses in probability and mathematical foundations of data science.

  • Mathematical foundations of data science 

  • Statistics with R
  • Regression
  • Machine Learning I and II
  • Deep Learning and Optimization
  • Python for data science
  • Financial markets
  • Optimization / Deep Learning
  • Numerical processing of financial data
  • Deep learning in finance
  • Languages
  • Human science
  • Sport

A 4-month compulsory internship within a company in a data-related sector, including investment banks (BNP-Paribas, BPCE), hedge funds and firms such as Microsoft, Facebook, Orange, Capgemini.

Learn & develop your skills in AI & Datascience 
Meet other students,DataScientists and professionals from companies who will coach you 
Contribute to solve real issues for companies and society 
Superhands-on experience to highlighting your CV 
Compete with the best students in a good spirit 
Get the chance to spend a day into of the corporate donors office 

During this year, students will take Accelerated Tracks.
These tracks are designed for students who have not yet been exposed to business, finance or accounting terminology and concepts (e.g. engineering, mathematics or econometrics majors).
While the first semester is dedicated to core and advanced core courses, the second semester allows students to choose from a concentration of electives as well as a wide variety of free electives.

  • Soft skills seminar
  • Ethics seminar
  • Probability and statistics refresher
  • Behavioral and Sustainable Finance
  • Introduction to finance 
  • Corporate finance 
  • Financial accounting and reporting 
  • Macroeconomics 
  • Economics of Financial Regulation
  • Fixed income and MM
  • Securities markets 
  • Capital markets specialization courses:
  1. Financiial engineering
  2. Quantitative asset management
  3. Empirical methods in finance
  • Corporate finance specialization courses:
  1. Corporate restructuring
  2. Derivatives
  3. Financial modeling

You will be enrolled automatically in the Data & Finance Concentration:

  • Introduction to Data Science & AI for Managers 
  • Data analysis in finance 
  • Regulation & Policy of Digital Finance  
  • Algorithms, Data, and Trading 
  • Blockchain


You may also need to choose the from the free electives/concentrations listed below to reach the required number of credits. You can choose them only if there are available seats and if the schedule doesn’t conflict with your Data & Finance concentration courses.
Free electives

  • Alternative investments 
  • Advanced international finance 
  • Bond portfolio management 
  • Credit risk & turnaround of distressed companies 
  • Energy and finance 
  • Energy markets 
  • Infrastructure and real assets 
  • Macroeconomics of crises economies 
  • Numerical analysis 
  • Real estate foundations 
  • Sustainable & responsible investing

Corporate investment & financing policy concentration 

Advanced financial accounting 
Structured finance: a tool for corporates & investment funds 
Equity capital markets 
Advanced venture capital 
Advanced corporate finance
Corporate restructuring concentration 

Mergers & acquisitions 
LBO structuring and modeling in practice 
Corporate finance live 
The private equity ecosystem: meet the actors 
Advanced Corporate Finance
Corporate strategy concentration 

Corporate strategy & financial institutions          
Topics in valuation
Behavioral strategy 
Financial dimensions of strategic decisions 
Strategies for international expansion
Financial engineering concentration 

Stochastic processes
Modeling techniques for financial engineering 
Origination of structured products 
FX derivatives trading 
Exotic products and structuring

At the beginning of September, students have the opportunity to go on a study trip to London. The trip offers students plenty of networking opportunities, conferences and team building exercises. Many networking events are organized with HEC Alumni’s UK branch - one of the largest in the world, with numerous active members working in the City.

The 2021-2022 London study trip included company events with:

  • Bank of America - Merrill Lynch
  • Barclays
  • BNP Paribas
  • Blackstone
  • Boussard & Gavaudan
  • Commerzbank
  • Crédit Agricole
  • Exane
  • Goldman Sachs
  • HSBC
  • Morgan Stanley
  • Société Générale CIB
  • Thomson Reuters
  • Unicredit...


HEC Paris and École Polytechnique both boast world-class faculty.

HEC Paris’ permanent faculty all come from the world’s leading research universities such as Harvard, MIT, Princeton, Stanford, UCLA, Wharton, Yale, etc. They regularly share their work in top academic journals and international conferences. 64% are non-French and represent 29 different nationalities.
École Polytechnique has 670 full-time faculty, including 39% of international.

Evolve in a Dynamic Research Ecosystem

Pushing the frontier of knowledge is a shared priority between HEC Paris and École Polytechnique. Both institutions have created specialized research units in order to provide major interdisciplinary contributions to management, innovation, science, technology, and society. École Polytechnique has for example 22 joint laboratories with the CNRS (National Center for Scientific Research) or other research institutions, such as the CEA, INRIA, INSERM, Université Paris-Sud, ENSTA ParisTech and UPMC.

HEC Paris has launched chairs with major companies on contemporary issues such as leadership, innovation, and sustainability, but also interdisciplinary research centers:

  • the Society and Organizations Center, which aims at offering new ways of understanding the world and helping organizations to reconcile economic priorities with a new series of imperatives
  • the Entrepreneurship Center, which promotes entrepreneurship through innovative HEC Paris programs, start-ups support, academic and business partnerships
  • the Digital Transformation Center, which addresses the challenges of digital transformation, and brings together businesses and students to work directly on such issues


The HEC Paris faculty consists of over 160 professors, comprising more than 25 different nationalities, with Ph.D.’s from leading universities across the world. They work in all major areas of economics and management.

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