MFE U of T

Master of Financial Economics at the University of Toronto

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FAQ

Timelines

Due to the highly competitive applicant pool, the MFE program will admit applicants on a rolling basis starting November 1, 2019 through January 12, 2020. It is strongly recommended that candidates apply as soon as possible.

General Application Requirements – see also applicant categories below

  • Applicants must apply through the SGS Online Admissions Portal
  • Applicants are admitted under the General Regulations of the School of Graduate Studies.
  • Minimum grade requirement: An undergraduate degree with a minimum B+ ((3.3 out of 4.0 GPA, or 78%) in the final year of a four-year program) (equivalent).
  • Applicants must demonstrate quantitative proficiency by achieving a minimum B+ average in calculus, linear algebra, microeconomics, macroeconomics, econometrics and/or statistics courses.
  • GRE/GMAT and TOEFL/IELTS tests are required as appropriate. See applicant categories for more details.
  • Applicants must submit a written statement (maximum 300 words) explaining their reasons for applying to the MFE program
  • Applicants must complete a video interview (applicants will be sent a link once they have paid the application fee)
  • Applicants must arrange for two academic references (referees can upload letters online)
  • Applicants should submit a one page resume with the following sections:
    • Education
    • Industry Certifications
    • Work Experience (if relevant)
    • Academic Experience (if relevant)
    • Extra-Curricular and Leadership (if relevant)
    • Skills
    • Interests
  • Selected applicants may be required to attend an interview (in person or online).
  • Meeting minimum admission standards does not guarantee admission into the MFE program.

How to Apply

  • Visit SGS online admissions system (applicants must pay a $150 non-refundable online application processing fee)
  • Select:
    • 'Program Selection'
    • ‘Department: Economics Program: Financial Economics’
    • Degree Program: ‘Master of Financial Economics’
    • Attendance Type: ‘Full Time’.
  • Applicants are responsible for submitting documents by the deadline.
  • Applicants applying to multiple graduate programs at U of T must submit documents and arrange references to each program individually.

What are rolling admissions?

For the Fall 2020 cohort, the MFE program will start evaluating (complete) applications on a rolling basis from November 1st 2019 through January 12th, 2020. No candidate will be rejected before January 13th, 2020; some (not all) candidates may be offered admission before January 13th, 2020. Please do not contact the program about the status of your application; rather, check the status of your application on the SGS applications website.

Can I have my application pre-assessed?

No.

I will complete my 4-year undergraduate program after January 12, 2020 — can I apply to the MFE program now?

Yes, provided you meet all other requirements.

It took me longer than four years to complete my 4-year undergraduate program — can I apply to the MFE program?

Yes, provided you meet all other requirements.

I completed (or will complete) a 3-year undergraduate program – can I apply to the MFE program now (or when I have completed my 3-year undergraduate program)?

No, unless the Co-Directors of the MFE program and the School of Graduate Studies make a special exemption on a case-by-case basis. To apply for an exemption: after confirming that the second half of all courses taken thus far meet U of T’s International Credentials Equivalencies, e-mail a copy of your transcript to mfe@utoronto.ca along with syllabi of all courses you have taken thus far.

Can I attend the MFE Program on a part-time basis?

No.

Can I transfer into the MFE Program?

No.

Can I attend the MFE Program as an exchange student?

No.

I was previously rejected from the MFE program. Can I re-apply without re-submitting documents all over again?

No. You must and are applying as a new applicant.

I don’t have prior work experience – can I apply to the MFE program?

Yes.

I haven’t taken the CFE exams – can I apply to the MFE program?

Yes.

I don’t (won’t) have an undergraduate degree in economics/finance/business/math/statistics – can I apply to the MFE program?

Yes, especially if you are a STEM student (the program will exempt micro/macro course requirements for strong STEM candidates).