UNIVERSITY OF TORONTO · CANADA
Master of Financial Economics (MFE)
Master's · Taught in en
At a glance
18 mo
Duration
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IELTS
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Tuition / yr
en
Language
Master's
Level
- 18 monthsProgram Duration
- Non-thesisDegree Type
- Mandatory InternshipPractical Experience
- Jointly OfferedFaculty Collaboration
The Master of Financial Economics (MFE) is a non-thesis, 18-month graduate program offered jointly by the Department of Economics and the Rotman School of Management. It aims to provide students with a comprehensive understanding of financial theory and its underlying economic principles. The program combines classroom learning with practical, real-world experience, including a mandatory internship during the winter or summer to prepare graduates for careers in the finance industry. Upon completion, students earn a professional degree, the Master of Financial Economics.
Curriculum
The program requires completion of 7.5 full-course equivalents (FCEs). This includes coursework in economics and management, along with a mandatory internship.
- Core Coursework
- Mathematics and Statistics for MA and MFE StudentsECO1010H
- Financial Economics: Asset PricingECO1500H
- Options and Futures MarketsRSM2306H
- Corporate FinancingRSM2300H
- Security Analysis and Portfolio ManagementRSM2302H
- Electives
- Electives (2.5 FCEs)
- Internship
- InternshipFEC1000Y
Frequently asked questions
- What is the duration of the Master of Financial Economics (MFE) program?
- The MFE program is an 18-month, non-thesis graduate program.
- What are the academic entry requirements for the MFE program?
- Applicants need an appropriate bachelor's degree with at least a mid-B (75%) average in their final year, including completed courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
- Are GRE or GMAT scores required for international applicants?
- Yes, applicants with a degree from a non-Canadian university must submit a Graduate Record Examination (GRE) General Test score or a Graduate Management Admission Test (GMAT) score.
- Does the MFE program include practical experience?
- Yes, the program includes a mandatory internship during the winter or summer to provide practical, real-world experience in the finance industry.
- How many full-course equivalents (FCEs) are required to complete the MFE program?
- The program requires completion of 7.5 full-course equivalents (FCEs), which includes core coursework, electives, and a mandatory internship.
- Where can I find information about tuition and living costs?
- Specific tuition and living cost information is not available on the provided pages. Please refer to the official University of Toronto School of Graduate Studies website for the most current fee details.
Entry requirements
Bachelor's DegreeAppropriate bachelor’s degree with at least a mid-B (75%) average in the final year.
Prerequisite CoursesSuccessful completion of courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
Admission is competitive. Applicants with a degree from a non-Canadian university must submit a Graduate Record Examination (GRE) General Test score or a Graduate Management Admission Test (GMAT) score. Evidence of strong oral and written communication skills is required. Relevant work experience or previous training in finance is beneficial but not mandatory.
Fees
Tuition (international)—
Tuition (home)—
Living—
Specific tuition and living cost information is not available on the provided pages. Please refer to the official University of Toronto School of Graduate Studies website for the most current fee details.
How to apply
1. Choose Your ProgramSelect the Master of Financial Economics (MFE) program.
2. Check Admission RequirementsEnsure you meet the academic prerequisites, including a bachelor's degree with a minimum average and specific coursework in calculus, microeconomics, macroeconomics, and statistics. International applicants may need GRE or GMAT scores.
3. Prepare Application DocumentsGather all necessary documents, including transcripts, test scores (if applicable), and any other required materials as specified by the program.
4. Submit ApplicationComplete and submit the application form through the University of Toronto's application portal by the specified deadline.
5. Await DecisionAdmissions decisions are made based on a competitive review of all applications.
Frequently asked questions
What is the duration of the Master of Financial Economics (MFE) program?
+
The MFE program is an 18-month, non-thesis graduate program.
What are the academic entry requirements for the MFE program?
+
Applicants need an appropriate bachelor's degree with at least a mid-B (75%) average in their final year, including completed courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
Are GRE or GMAT scores required for international applicants?
+
Yes, applicants with a degree from a non-Canadian university must submit a Graduate Record Examination (GRE) General Test score or a Graduate Management Admission Test (GMAT) score.
Does the MFE program include practical experience?
+
Yes, the program includes a mandatory internship during the winter or summer to provide practical, real-world experience in the finance industry.
How many full-course equivalents (FCEs) are required to complete the MFE program?
+
The program requires completion of 7.5 full-course equivalents (FCEs), which includes core coursework, electives, and a mandatory internship.
Where can I find information about tuition and living costs?
+
Specific tuition and living cost information is not available on the provided pages. Please refer to the official University of Toronto School of Graduate Studies website for the most current fee details.