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W263, Seymour Schulich

Master of Finance

As a result of increased marketplace competition, analysts and dealmakers alike require more focused knowledge and accreditation than ever before. Schulich’s Master of Finance graduate program is designed to provide students with an intensive training in finance that is both practical and intellectually challenging. The course work is enhanced by regular research as well as professional seminars, taking advantage of the business community in Toronto and the Schulich alumni network. Students may specialize in either capital markets or financial risk management.

The Schulich Master of Finance is a proud program partner of the Financial Risk Manager (FRM) designation offered by the Global Association of Risk Professionals (GARP) and the Charter Financial Analysts (CFA) Institute, the global industry standard for finance professionals. The Master of Finance curriculum prepares students for both the FRM and CFA designations and opens up career options ranging from investment banking, asset management, risk management, to private equity firms, hedge funds, consulting firms and government agencies. The program also serves as an excellent foundation for students considering a PhD in finance.

The Master of Finance is a 12-month full-time program that runs from August to July of the following year. Entry is Fall term.

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Admission Requirements

  • Applicants normally should possess a four-year undergraduate degree from a recognized university with a minimum B+ average in the last two full years (or equivalent) of academic work. A candidate with a three-year degree may be considered for admission with a minimum of one year of work experience. Candidates should also possess a strong quantitative background. Applicants may demonstrate the required level of quantitative skills via the completion of at least two three-credit courses at recognized institutions from these fields: calculus, statistics, economics, linear algebra, probability theory or other quantitative courses. A three-credit course consists of at least 36 hours of instruction. Both courses must be 2000-level courses (i.e., second year courses) or higher.
  • Post degree work experience is recommended but not required.
  • Applicants are required to take the Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) and obtain acceptable scores on all measures thereof. Candidates who have completed CFA Level 1 or higher, candidates who have completed FRM Part I or higher, candidates with a CPA (Canada) designation, and graduates from the Schulich School of Business BBA program with a B+ or higher GPA in the last two years of the program are exempt from this requirement.
  • Proof of English language proficiency if prior studies were not completed in English: Test of English as a Foreign Language (iBT): 100 with minimum component scores of 23 or International English Language Testing System: 7.0 overall with minimum component scores of 6.5. Strong applicants whose first language is not English and do not meet the above language requirements may be considered for admission with the condition of completion of the MBA/Specialized Master’s Preparation Program offered by the York University English Language Institute.
  • Completion of the online application including submission of essays, an up-to-date résumé and two references.

Degree Requirements

Students must successfully complete:

  • 39 credits of course work, consisting of:
  • 27 credits of core courses, and
  • 12 credits of stream courses.

All other requirements are identical to those of Schulich’s other master’s programs.

All other requirements are identical to those of Schulich’s other master’s programs.

Schulich BBA and iBBA graduates who have achieved a minimum final grade of B in either Finance 2000 3.0: Introduction to Finance or Finance 3200 3.0: Investments will receive a waiver for the core introductory finance course Finance 5100 3.0: Capital Markets. Applicants from other North American BBA or BCom programs who have completed courses in similar content areas (introductory finance courses, or courses in investments) within the last 10 years with a final course mark of B or above will be assessed for eligibility to receive a waiver for Finance 5100 3.0: Capital Markets. No waivers will be granted for any other courses in the program.

Students who receive a waiver for Finance 5100 3.0: Capital Markets must successfully complete 36 credits of course work, consisting of:

  • 24 credits of core courses, and
  • 12 credits of stream courses.

The MF program can be completed on a full-time basis. Entry is fall term.