Course at a Glance
- MasterDegree level
- 1.3 yearsDuration
- Ontario Tech University, North Oshawa, CanadaLocation
- Business and Information TechnologyField of study
- EnglishLanguage of instruction
- Ontario Tech University, North OshawaCampus
- Master of Financial Data Analytics (MFDA)Awards
- $5,470Fees
- AvailableScholarship
About this programme
The Master of Financial Data Analytics (MFDA) aims to train highly qualified finance professionals with the computational skills essential for success in today's ever-changing financial markets. Aimed at working professionals, this unique graduate program trains students in both finance and related data analytic skills and is suitable for business graduates with or without an advanced mathematics background.
Read more
Applicants to the MFDA can be from a variety of educational backgrounds, from business, economics and finance, to mathematics, computer science, information technology and other quantitative areas. There is an immense amount of data created every day, and the financial industry has benefited the most from data analytics. Banking and financial markets use information and analytics in creating a competitive advantage for their organizations. The need for professionals who can combine their finance and market expertise while supporting these emerging technologies is growing. Graduates of the MFDA will be trained in how to analyze financial data with data analytic skills including AI programming and applications. The MFDA program includes eight courses and a choice of internship or project. The courses cover finance and data analytics skills applied to finance. It is a two-year full-time in-person program. The MFDA is a GARP Academic Partner; the program curriculum equips students with the required knowledge to approach the Part I Exam of the Financial Risk Manager (FRM) professional certification. Recognized in every major global market, the FRM is a certification for Risk Managers
Is this course right for you?
Our counsellors check your profile against this programme's entry criteria and tell you where you stand — before you pay anything.
What we look at
- Your subject background and grades
- Your English score, or how to get one
- Budget, including living costs
University & programme
Canada- Listed from the catalogueNot yet staff-verified — ask us to confirm the details.
- English requirementIELTS Overall 7.0
- Study modeFull-time
Admissions checklist
Entry requirements
In addition to the general admission requirements for graduate studies , MFDA applicants must meet the following program-specific requirements: While applicants may hold any four-year undergraduate degree (or its 3-year equivalent from a recognized institution in countries where it is the accepted practice), preference is given to applicants whose undergraduate degree is in the field of business, economics, finance, information technology, computer science, modelling and computer science, engineering, mathematics, statistics, physics, actuarial science, or other quantitative fields. While not required, GMAT/GRE/CFA Level 1 may be recommended to strengthen your application or in lieu of GPA requirement. A statistics course is required. Linear algebra and calculus are highly recommended. If applicable, a minimum score of 7 on the IELTS or 100 on the TOEFL. (Note that these English language proficiency scores are slightly higher than those required for some other graduate programs.) Visit the English language proficiency section of this calendar for additional details. There may be an interview for applicants prior to admission. For more information on MFDA specific admission requirements, please review the Graduate Academic Calendar . · English: IELTS 7.0; Duolingo English Test 120 · English test waiver: Waived if you have studied full-time for at least three years (or the part-time equivalent) in a university degree program where the language of instruction AND examination was English, or you have completed such a degree; enrolment in an English as a Second Language (ESL) program does not count toward the three years. Ontario Tech may ask for official verification. Applicants who meet every other admission requirement may instead enrol in an eligible English for Academic Purposes (EAP) program through an Ontario Tech EAP partner. Source: https://gradstudies.ontariotechu.ca/future_students/application_process_and_requirement/step%203/english-language-proficiency.php · GRE/GMAT: While not required, GMAT/GRE/CFA Level 1 may be recommended to strengthen your application or in lieu of GPA requirement. · Deposit: Ontario Tech does not publish a deposit amount: 'To accept your offer of admission and secure your place in the program, you must submit a non-refundable tuition deposit. The deposit amount is listed in your official Letter of Acceptance and on the Applicant Portal.' International applicants must pay it before requesting a Provincial Attestation Letter (PAL). Source: https://registrar.ontariotechu.ca/fees-and-payment/ancillary-fees/miscellaneous-and-administrative-fees-2026-2027.php
The usual set for this level. Your counsellor confirms the exact list for this university.
- Academic transcripts
- English test score (IELTS/TOEFL)
- Passport copy
- Statement of purpose (optional)
- Recommendation letters (optional)
Cost & scholarships
- Tuition$5,470 CAD / semester≈ $4,022 / semester
- Application feeNo application fee for this programme
- Living costsVary by city — see the destination guide.
- ScholarshipsApplicants to professional or course-based programs are not normally considered for internal funding sources such as entrance scholarships, minimum funding packages, teaching assistantships, research assistantships or graduate research assistantships. Ontario Tech states that funding "will not be provided to part-time students and/or students in professional programs (i.e. graduate diploma programs, MEd, MEng, MEngM, MITS etc.)". External scholarships for these students are often limited. Sources:; the Funding tab of this program pageView scholarship page
Application timeline
Typical timings. Deadlines differ per university and intake.
- 1Prepare documents1–2 weeks
- 2Submit application1–3 weeks
- 3Receive offer letter2–6 weeks
- 4Apply for visa4–8 weeks
Application deadline: Published graduate application deadlines (priority deadlines; later applications are considered case by case if space remains). January 2027 intake - Financial Data Analytics (MFDA): domestic November 1, 2026, international October 1, 2026; September 202…
Visa & support journey
- Offer letterFrom the university
- Visa guidanceExpert support
- Pre-departureAccommodation & travel
- Ongoing supportEven after you arrive
Student stories
Real students. Real results.
- Average rating
- 4.9
- Google reviews
- 360+
- Rated five stars
- 95%
Average rating
Google reviews
Rated five stars
“I would like to express my gratitude for the excellent assistance provided during my student visa process. The team was responsive, knowledgeable, and supportive at every stage, from document preparation to submission guidance. Their clear communication and professional approach made the process much easier and more efficient.”
1 / 8
Nihad K, 5 out of 5 stars
Every review below is a real Google review — see all of them
Frequently asked questions
How much does Financial Data Analytics (MFDA) cost?
CAD 5,470 / semester.
What English score does it need?
IELTS 7.0 overall is the score listed for this programme.
How long is it?
1.3 years, as listed by the university.
What are the entry requirements?
In addition to the general admission requirements for graduate studies , MFDA applicants must meet the following program-specific requirements: While applicants may hold any four-year undergraduate degree (or its 3-year equivalent from a recognized institution in countries where it is the accepted practice), preference is given to applicants whose undergraduate degree is in the field of business, economics, finance, information technology, computer science, modelling and computer science, engineering, mathematics, statistics, physics, actuarial science, or other quantitative fields. While not required, GMAT/GRE/CFA Level 1 may be recommended to strengthen your application or in lieu of GPA requirement. A statistics course is required. Linear algebra and calculus are highly recommended. If applicable, a minimum score of 7 on the IELTS or 100 on the TOEFL. (Note that these English language proficiency scores are slightly higher than those required for some other graduate programs.) Visit the English language proficiency section of this calendar for additional details. There may be an interview for applicants prior to admission. For more information on MFDA specific admission requirements, please review the Graduate Academic Calendar . · English: IELTS 7.0; Duolingo English Test 120 · English test waiver: Waived if you have studied full-time for at least three years (or the part-time equivalent) in a university degree program where the language of instruction AND examination was English, or you have completed such a degree; enrolment in an English as a Second Language (ESL) program does not count toward the three years. Ontario Tech may ask for official verification. Applicants who meet every other admission requirement may instead enrol in an eligible English for Academic Purposes (EAP) program through an Ontario Tech EAP partner. Source: https://gradstudies.ontariotechu.ca/future_students/application_process_and_requirement/step%203/english-language-proficiency.php · GRE/GMAT: While not required, GMAT/GRE/CFA Level 1 may be recommended to strengthen your application or in lieu of GPA requirement. · Deposit: Ontario Tech does not publish a deposit amount: 'To accept your offer of admission and secure your place in the program, you must submit a non-refundable tuition deposit. The deposit amount is listed in your official Letter of Acceptance and on the Applicant Portal.' International applicants must pay it before requesting a Provincial Attestation Letter (PAL). Source: https://registrar.ontariotechu.ca/fees-and-payment/ancillary-fees/miscellaneous-and-administrative-fees-2026-2027.php
Is there a scholarship?
Applicants to professional or course-based programs are not normally considered for internal funding sources such as entrance scholarships, minimum funding packages, teaching assistantships, research assistantships or graduate research assistantships. Ontario Tech states that funding "will not be provided to part-time students and/or students in professional programs (i.e. graduate diploma programs, MEd, MEng, MEngM, MITS etc.)". External scholarships for these students are often limited. Sources:; the Funding tab of this program page View scholarship page
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