Finance (MF)

Frequently asked questions

• How much does Finance (MF) cost?

  CAD 49,860 / year.

• What English score does it need?

  IELTS 7.0 overall is the score listed for this programme.

• How long is it?

  4 sessions full-time (typical registration sequen…, as listed by the university.

• What are the entry requirements?

  School of Graduate Studies minimum: for master's programs, an appropriate bachelor's degree, or its equivalent, with a final-year average of at least mid-B from a recognized university; for doctoral programs, an appropriate master's degree, or its equivalent, with an average of at least B+, or demonstrated comparable research competence. Some departments admit directly to the doctoral program from a bachelor's degree for highly qualified candidates (minimum average A- required). "Many graduate units have higher minimum requirements than the minimum SGS requirements." Source: https://www.sgs.utoronto.ca/future-students/admission-application-requirements/ || Graduate-unit requirement for this degree, from the SGS Graduate Calendar 2026-27 ("Management, Rotman School: Finance MF"): • Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the Rotman School's additional admission requirements stated below. • Undergraduate degree: A recognized four-year undergraduate degree or equivalent is required. Degrees in business, commerce, economics, mathematics, engineering, or actuarial science are preferred. Applicants with other academic backgrounds will be considered if they demonstrate strong quantitative skills and the knowledge of finance and accounting. • Quantitative proficiency: Applicants must demonstrate quantitative proficiency through one of the following: • A minimum B average in university-level quantitative courses (e.g., calculus, linear algebra, statistics, or econometrics) at a recognized institution; or • A satisfactory score on the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) General Test. • Prerequisite knowledge in finance and accounting: Applicants must demonstrate foundational knowledge in finance and accounting through one of the following: • A minimum B average in university-level courses in relevant areas of finance and accounting at a recognized institution; or • Successful completion of at least Level I of the Chartered Financial Analyst (CFA) designation. • Work experience: At least two years of full-time work experience in finance or a finance-related field is strongly recommended. Applicants without the recommended experience will be considered on a case-by-case basis, particularly if the applicant demonstrates both exceptional a || Minimum admission average published for international applicants: MF: A minimum GPA of 3.0 (mid-B) average in the final year of a bachelor’s degree from a recognized university. || International credentials: U of T publishes the degree it requires from each country through the SGS international degree equivalencies tool at https://www.sgs.utoronto.ca/future-students/admission-application-requirements/international-credentials-equivalencies/ · English: IELTS 7.0 (no band below 6.5); TOEFL iBT 93 · English test waiver: Normally not required if: your native language is English (first learned and still used daily); you are a Canadian citizen who studied at a Canadian university where the language of instruction is French; you obtained your admitting degree from an institution recognised by U of T where the language of instruction and examination is uniformly English; or you completed your admitting degree in Australia, the Bahamas, Barbados, Botswana, Ghana, Guyana, Hong Kong, Ireland, Jamaica, Kenya, Lesotho, Liberia, Malawi, Malta, Namibia, New Zealand, Nigeria, Papua New Guinea, Sierra Leone, Singapore, South Africa, Swaziland, Tanzania, Trinidad and Tobago, Uganda, the United Kingdom, the United States, Zambia or Zimbabwe. Some applicants from those countries may still be asked for proof. Tests must have been taken within the last 24 months. Source: https://www.sgs.utoronto.ca/future-students/admission-application-requirements/english-language-proficiency-testing/ · GRE/GMAT: MF: One of the following: GMAT, GRE, CFA Level II Pass, UFE/CFE Pass, P.Eng, ACIA or FCIA, graduated with high distinction (cumulative grade point average of 3.5 or higher) from the University of Toronto; IELTS/TOEFL (if required) (School of Graduate Studies programme page; SGS also states "Some graduate units require a Graduate Records Examination (GRE). Check with your graduate unit.") · Application fee: CDN $130, non-refundable and non-transferable. "A supplementary application fee may be assessed depending upon the program to which you are applying." Source: https://www.sgs.utoronto.ca/future-students/admission-application-requirements/ · Deposit: University of Toronto does not publish a single admission-deposit amount. Its published rule is: "Review your offer letter if it indicates that you need to make a non-refundable admission deposit. You will pay your admission deposit through ACORN... Your Offer Letter has more information about the admission deposit." Refunds are "granted only in exceptional circumstances, such as the denial of a study permit". Source: https://future.utoronto.ca/fees and https://www.registrar.utoronto.ca/fees-payments/understanding-your-fees/

• Is there a scholarship?

  U of T publishes graduate award and funding information through the School of Graduate Studies at. Many research-stream graduate programmes at U of T are funded; funding arrangements are set by the graduate unit, not by SGS, and U of T does not publish a single figure. International doctoral students are charged the DOMESTIC tuition rate (see fee_basis) View scholarship page

• Is it accredited?

  Business school accreditation — AACSB (institutional quality mark, NOT a licence to practise): AACSB International (The Association to Advance Collegiate Schools of Business)