MFE UToronto

Master of Financial Economics Program at the University of Toronto

You are here: Home / MFE Program Overview: 2023-2024

MFE Program Overview: 2023-2024

A visual representation of Path 1 & 2 of the MFE program overview detailed below.

Program Overview

The MFE is a world-class limited-enrollment professional program offered by the University of Toronto’s Department of Economics in collaboration with the Rotman School of Management. MFE is a full-time only program of approximately 18 months in duration, starting early July. There is one admission only, in July of each year. We do not admit students in January or September. All program requirements must be completed within three years of the initial enrolment in the program.

Notes:

  • Each MA and MBA course is equivalent to 0.5 FCE
  • The MFE Internship is equivalent to 1.0 FCE
  • MFE students must take five electives of which at least three electives must be ECO courses and at most two electives can be RSM courses.

First Semester (Summer: July – August)

Path 1 & 2: Professional development + one core course

  • Professional Development (required training)
  • Core Course: ECO1200 Microeconomics (0.5 FEC)

Second Semester (Fall: September – December)

Path 1 & 2: Five core courses

  • Core Course: ECO1010 Math-Stats Review (0.5 FEC; begins three weeks prior to the start of the Fall academic session)
  • Core Course: ECO1500 Financial Microeconomics (0.5 FEC)
  • Core Course: ECO1400 Econometrics (0.5 FEC)
  • Core Course: RSM2300 Corporate Financing II (0.5 FEC)
  • Core Course: RSM2306 Options and Futures (0.5 FEC)

Third Semester (Winter: January – April)

Path 1 (Recommended): four electives

  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)

Path 2 (Alternative): winter internship

  • Core Course: FEC1000Y MFE Internship  (1.0 FEC)

Fourth Semester (Summer: May – August)

Path 1 (Recommended): summer internship

  • Core Course: FEC1000Y MFE Internship  (1.0 FEC)

Path 2 (Alternative): two electives

  • Elective: a MA/PhD Economics course (0.5 FEC)
  • Elective: a MA/PhD Economics course (0.5 FEC)

Fifth Semester (Fall: September – December)

Path 1 (Recommended): two core courses + one elective

  • Core Course: ECO1100 Macroeconomics (0.5 FEC)
  • Core Course: RSM2302 Security and Portfolio Analysis (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)

Path 2 (Alternative): two core courses + three electives

  • Core Course: ECO1100 Macroeconomics (0.5 FEC)
  • Core Course: RSM2302 Security and Portfolio Analysis (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)
  • Elective: a MA/PhD Economics course or a Rotman MBA course (0.5 FEC)

Degree Completion & Conferral

To complete the program, a student must pass (receive at least a B–) in each course taken. If all the program requirements are completed by December, the students can choose to graduate in absentia in March or at the convocation ceremony in June.

OSAP Terms

Year 1: Summer/Fall/Winter (July 4, 2023 – April 30, 2024)
Year 2: Summer/Fall (May 1, 2024 – December 19, 2024)
Students are recommended to apply by the end of March in the year they will start the program (e.g. March 2024 for a July 2024 start). If you have more questions regarding OSAP, please submit a ticket to the OSAP service portal or call (416) 978-2190 for support.