The Master of Finance (MF) program provides the most in-depth theoretical and applied finance training currently available. Aimed at experienced working professionals, the program is delivered on Wednesday evenings and alternating Saturdays over 20 months. This enables students to advance their career without leaving work, and be able to apply the knowledge learned in the classroom immediately in the workplace. Students come from a variety of backgrounds such as financial risk, portfolio management, corporate finance, equity research, accounting, sales and trading, insurance, pensions, and legal settings.
The MF program is offered via dual delivery for students entering the program from 2021 to 2025. Students may choose to attend classes in-person or online for the full duration of the program.
Master of Finance
Minimum Admission Requirements
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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.
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An appropriate bachelor's degree from a recognized university.
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A satisfactory score on the Graduate Management Admissions Test (GMAT) or GRE (Graduate Record Examination; General Test). Exemptions from the GMAT/GRE requirement are granted to applicants who have:
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Passed the Common Final Exam (CFE) (or former UFE) for a Certified Professional Accountant (CPA) designation or equivalent designations in other jurisdictions recognized by CPA Canada (or CPA Ontario).
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Passed at least the Level II examination of the Chartered Financial Analyst (CFA) designation.
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With the permission of the Academic Director, graduated from accredited universities with high distinction (cumulative grade point average of 3.5 of higher).
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Attained a professional designation in Engineering (PEng) or in Actuarial Sciences (ACIA or FCIA) or equivalent designations in other jurisdictions recognized by Engineers Canada or Canadian Institute of Actuaries, respectively.
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At least two years of full-time work experience in finance or a finance-related field is strongly recommended. Applicants who do not have the recommended work experience will be considered on a case-by-case basis, particularly if accompanied by demonstrated exceptional academic and professional potential.
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Applicants who meet all the criteria will be assessed on the basis of their application essay, grades, standardized graduate test scores, references, and professional experience by the admissions committee. Prospective students will then be invited for an admission interview. The admission decision will be based on both submitted materials and interview performance.
Completion Requirements
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Within this 20-month program (two academic years), students must successfully complete a structured sequence of 6.0 full-course equivalents (FCEs) (12 half-course equivalents) taken over five sessions. No advanced standing will be granted for previous academic work completed or professional designations earned. Students who are unable to follow courses in their prescribed order must attain special approval from the Academic Director in order to continue in the program.
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RSM4113H Macroeconomics for Finance Professionals
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RSM4216H Financial Reporting and Financial Statement Analysis
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RSM4310H Foundations of Finance
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RSM4315H Investment Banking and Corporate Valuation
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RSM4317H Analysis of Fixed Income Markets
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RSM4318H Applied Portfolio Management
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RSM4319H Forecasting Risks and Opportunities for Financial Securities
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RSM4322H Applications of Derivatives Products
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RSM4323H Investments
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RSM4324H Innovations in Financial Technology.
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In addition to the above required courses, students will be required to take two MBA electives under the Finance emphasis in Year 2.
- Consult the departmental website for course descriptions.
Program Length: 5 sessions full-time (typical registration sequence: FWS-FW)
Time Limit: 3 years full-time