MFE U of T

Master of Financial Economics at the University of Toronto

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MFE Application Procedures

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.

Select from the appropriate applicant category for specific application information:

  • Applicants who have graduated from a four-year Canadian undergraduate program

    • Submit transcript(s) + grading scheme(s) through the “transcript” portion of the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020.
      • Scan and combine ALL post-secondary (un)official transcripts along with each program’s grading scheme into a SINGLE PDF file (“fitted” on 8.5x11/A4 page size) titled “LastName_FirstName_ApplicationID”. Submit this pdf file through the “transcript” portion of the SGS Online Admissions Application Site. Please make sure the document is legible.
      • Applicants who have completed a four-year Canadian undergraduate program will not be considered for admission to the MFE program unless they had a B+ average (3.3/4.0 GPA or equivalent score) in the final year of their program. Successful applicants will be required to have their undergraduate school(s) mail hard copies of their official transcript(s) in a sealed envelope to the MFE program (instructions in the acceptance letter).
    • Submit 300-word “Statement of Interest” through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Submit one-page resume through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Complete “Video Question Interview” (through the “Vidrecruiter” link e-mailed to all applicants) by 11:59 PM EST January 12, 2020. Upon paying the application fee, applicants will receive an e-mail with a link to the video interview. Please check your e-mail regularly.
    • Arrange for two academic references to submitted by 11:59 PM EST January 20, 2020. Upon paying the application fee and providing referees’ e-mail addresses, each referee will receive an e-mail with a link to the reference form. The MFE program does not accept hard copy or e-mail reference letters.

  • Applicants who are in the final year of a four-year Canadian undergraduate program

    • Submit transcript(s) + grading scheme(s) through the “transcript” portion of the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020.
      • Scan and combine ALL post-secondary (un)official transcripts thus far along with each program’s grading scheme into a SINGLE PDF file (“fitted” on 8.5x11/A4 page size) titled “LastName_FirstName_ApplicationID”. Submit this pdf file through the “transcript” portion of the SGS Online Admissions Application Site. Please make sure the document is legible.
      • Applicants in the final year of a four-year Canadian undergraduate program who currently have a below B+ average (3.3/4.0 GPA or equivalent score) may be admitted on the condition that they graduate with a B+ average (3.3/4.0 GPA or equivalent score) in the final year of their program.
      • Some programs may release Fall 2019 semester grades after January 12, 2020. Applicants from these programs should scan ALL post-secondary “updated” (un)official transcripts thus far along with each program’s grading scheme into a SINGLE PDF file (“fitted” on 8.5 by 11 inch or size A4 page size) titled “LastName_FirstName_ApplicationID” and e-mail the file to admissions@utoronto.ca prior to January 20, 2020.
      • Successful applicants will be required to have their undergraduate school(s) mail hard copies of their official transcript(s) in a sealed envelope to the MFE program (instructions in the acceptance letter).
    • Submit a 300-word “Statement of Interest” through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Submit a one-page resume through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Complete the “Video Question Interview” (through the “Vidrecruiter” link e-mailed to all applicants) by 11:59 PM EST January 12, 2020. Upon paying the application fee, applicants will receive an e-mail with a link to the video interview. Please check your e-mail regularly.
    • Arrange for two academic references to submitted by 11:59 PM EST January 20, 2020. Upon paying the application fee and providing referees’ e-mail addresses, each referee will receive an e-mail with a link to the reference form. The MFE program does not accept hard copy or e-mail reference letters.

  • Applicants who have graduated from a four-year non-Canadian undergraduate program where the language of instruction was English

    • Submit transcript(s) + grading scheme(s) AND GRE/GMAT scores through the “transcript” portion of the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020.
      • Scan and combine ALL post-secondary (un)official transcripts along with each program’s grading scheme and GRE/GMAT test scores (taken within two years prior to January 12, 2020) into a SINGLE PDF file (“fitted” on 8.5x11/A4 page size) titled “LastName_FirstName_ApplicationID”. Submit this pdf file through the “transcript” portion of the SGS Online Admissions Application Site. Please make sure the document is legible and that the first and last names on the GRE/GMAT scores are identical to the first and last names of your transcripts and MFE application.
      • Applicants who have completed a four-year non-Canadian undergraduate program will not be considered for admission to the MFE program unless they had a B+ average (3.3/4.0 GPA or equivalent score) in the final year of their program.
      • Successful applicants will be required to have their undergraduate school(s) mail hard copies of their official transcript(s) in a sealed envelope to the MFE program (instructions in the acceptance letter).
      • Successful applicants will also be required to have GRE/GMAT mail a hard copy of their test scores to the MFE program (instructions in the acceptance letter). Please note:
        • GRE: institution code 0982 and department code 1801. In the GRE Score Report Request form, you must request all "General Test" scores. Minimum GRE Quantitative Score = 160. Minimum GRE Analytical Writing Score = 3.5
        • GMAT: institution code University of Toronto and department code BTD-88-30. Minimum GMAT Quantitative Score = 49. Minimum Overall GMAT Score = 710
    • Submit a 300-word “Statement of Interest” through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Submit a one-page resume through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Complete the “Video Question Interview” (through the “Vidrecruiter” link e-mailed to all applicants) by 11:59 PM EST January 12, 2020. Upon paying the application fee, applicants will receive an e-mail with a link to the video interview. Please check your e-mail regularly.
    • Arrange for two academic references to submitted by 11:59 PM EST January 20, 2020. Upon paying the application fee and providing referees’ e-mail addresses, each referee will receive an e-mail with a link to the reference form. The MFE program does not accept hard copy or e-mail reference letters.

  • Applicants in the final year of a four-year non-Canadian undergraduate program where the language of instruction is English

    • Submit transcript(s) + grading scheme(s) AND GRE/GMAT scores through the “transcript” portion of the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020.
      • Scan and combine ALL post-secondary (un)official transcripts thus far along with each program’s grading scheme and GRE/GMAT test scores (taken within two years prior to January 12, 2020) into a SINGLE PDF file (“fitted” on 8.5x11/A4 page size) titled “LastName_FirstName_ApplicationID”. Submit this pdf file through the “transcript” portion of the SGS Online Admissions Application Site. Please make sure the document is legible and that the first and last names on the GRE/GMAT scores are identical to the first and last names of your transcripts and MFE application.
      • Applicants in the final year of a four-year non-Canadian undergraduate program who currently have a below a B+ average (3.3/4.0 GPA or equivalent score) may be admitted on the condition that they graduate with a B+ average (3.3/4.0 GPA or equivalent score) in the final year of their program.
      • Some programs may release Fall 2019 semester grades after January 12, 2020. Applicants from these programs should scan and combine ALL post-secondary (un)official transcripts along with each program’s grading scheme and GRE/GMAT test scores (taken within two years prior to January 12, 2020) into a SINGLE PDF file (“fitted” on 8.5 by 11 inch or size A4 page size) titled “LastName_FirstName_ApplicationID” and e-mail this file to mfe.admissions@utoronto.ca prior to January 20, 2020.
      • Successful applicants will be required to have their undergraduate school(s) mail hard copies of their official transcript(s) in a sealed envelope to the MFE program (instructions in the acceptance letter).
      • Successful applicants will also be required to have GRE/GMAT mail a hard copy of their test scores to the MFE program (instructions in the acceptance letter). Please note:
        • GRE: institution code 0982 and department code 1801. In the GRE Score Report Request form, you must request all "General Test" scores. Minimum GRE Quantitative Score = 160. Minimum GRE Analytical Writing Score = 3.5
        • GMAT: institution code University of Toronto and department code BTD-88-30. Minimum GMAT Quantitative Score = 49. Minimum Overall GMAT Score = 710
    • Submit a 300-word “Statement of Interest” through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Submit a one-page resume through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Complete the “Video Question Interview” (through the “Vidrecruiter” link e-mailed to all applicants) by 11:59 PM EST January 12, 2020. Upon paying the application fee, applicants will receive an e-mail with a link to the video interview. Please check your e-mail regularly.
    • Arrange for two academic references to submitted by 11:59 PM EST January 20, 2020. Upon paying the application fee and providing referees’ e-mail addresses, each referee will receive an e-mail with a link to the reference form. The MFE program does not accept hard copy or e-mail reference letters.

  • Applicants who have graduated from a four-year non-Canadian undergraduate program where the language of instruction was NOT English

    • Submit transcript(s) + grading scheme(s) AND GRE/GMAT AND TOEFL/IELTS scores through the “transcript” portion of the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020.
      • Scan and combine ALL post-secondary (un)official transcripts along with each program’s grading scheme, GRE/GMAT test scores (taken within two years prior to January 12, 2020), and TOEFL/IELTS test scores (taken within two years prior to January 12, 2020) into a SINGLE PDF file (“fitted” on 8.5x11/A4 page size) titled “LastName_FirstName_ApplicationID”. Submit this pdf file through the “transcript” portion of the SGS Online Admissions Application Site. Please make sure the document is legible and that the first and last names on the GRE/GMAT and TOEFL/IELTS scores are identical to the first and last names of your transcripts and MFE application.
      • Applicants who have completed a four-year non-Canadian undergraduate program will not be considered for admission to the MFE program unless they had a B+ average (3.3/4.0 GPA or equivalent score) in the final year of their program.
      • Successful applicants will be required to have their undergraduate school(s) mail hard copies of their official transcript(s) in a sealed envelope to the MFE program (instructions in the acceptance letter).
      • Successful applicants will also be required to have GRE/GMAT and TOEFL/IELTS mail a hard copy of their test scores to the MFE program (instructions in the acceptance letter). Please note:
        • GRE: institution code 0982 and department code 1801. In the GRE Score Report Request form, you must request all "General Test" scores. Minimum GRE Quantitative Score = 160. Minimum GRE Analytical Writing Score = 3.5
        • GMAT: institution code University of Toronto and department code BTD-88-30. Minimum GMAT Quantitative Score = 49. Minimum Overall GMAT Score = 710
        • TOEFL: institution code 0982-00 and department code 0982-84. Minimum TOEFL score = 102. Minimum TOEFL speaking score = 26, Minimum TOEFL writing score = 22.
        • Minimum IELTS score = 7.
    • Submit a 300-word “Statement of Interest” through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Submit a one-page resume through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Complete the “Video Question Interview” (through the “Vidrecruiter” link e-mailed to all applicants) by 11:59 PM EST January 12, 2020. Upon paying the application fee, applicants will receive an e-mail with a link to the video interview. Please check your e-mail regularly.
    • Arrange for two academic references to submitted by 11:59 PM EST January 20, 2020. Upon paying the application fee and providing referees’ e-mail addresses, each referee will receive an e-mail with a link to the reference form. The MFE program does not accept hard copy or e-mail reference letters.

  • Applicants in the final year of a four-year non-Canadian undergraduate program where the language of instruction is NOT English

      • Submit transcript(s) + grading scheme(s) AND GRE/GMAT AND TOEFL/IELTS scores through the “transcript” portion of the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020.
        • Scan and combine ALL post-secondary (un)official transcripts thus far along with each program’s grading scheme, GRE/GMAT test scores (taken within two years prior to January 12, 2020), and TOEFL/IELTS test scores (taken within two years prior to January 12, 2020) into a SINGLE PDF file (“fitted” on 8.5 by 11 inch or size A4 page size) titled “LastName_FirstName_ApplicationID”. Submit this pdf file through the “transcript” portion of the SGS Online Admissions Application Site. Please make sure the document is legible and that the first and last names on the GRE/GMAT and TOEFL/IELTS scores are identical to the first and last names of your transcripts and MFE application.
        • Applicants in the final year of a four-year non-Canadian undergraduate program who currently have a below a B+ average (3.3/4.0 GPA or equivalent score) may be admitted on the condition that they graduate with a B+ average (3.3/4.0 GPA or equivalent score) in the final year of their program.

    Some programs may release Fall 2019 semester grades after January 12, 2020. Applicants from these programs should scan and combine ALL post-secondary (un)official transcripts along with each program’s grading scheme, GRE/GMAT test scores (taken within two years prior to January 12, 2020), and TOEFL/IELTS test scores (taken within two years prior to January 12, 2020) into a SINGLE PDF file (“fitted” on 8.5 by 11 inch or size A4 page size) titled “LastName_FirstName_ApplicationID” and e-mail this file to mfe.admissions@utoronto.ca prior to January 20, 2020.

      • Successful applicants will be required to have their undergraduate school(s) mail hard copies of their official transcript(s) in a sealed envelope to the MFE program (instructions in the acceptance letter).
      • Successful applicants will also be required to have GRE/GMAT and TOEFL/IELTS mail a hard copy of their test scores to the MFE program (instructions in the acceptance letter). Please note:
        • GRE: institution code 0982 and department code 1801. In the GRE Score Report Request form, you must request all "General Test" scores. Minimum GRE Quantitative Score = 160. Minimum GRE Analytical Writing Score = 3.5
        • GMAT: institution code University of Toronto and department code BTD-88-30. Minimum GMAT Quantitative Score = 49. Minimum Overall GMAT Score = 710
        • TOEFL: institution code 0982-00 and department code 0982-84. Minimum TOEFL score = 102. Minimum TOEFL speaking score = 26, Minimum TOEFL writing score = 22.
        • Minimum IELTS score = 7
    • Submit a 300-word “Statement of Interest” through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Submit a one-page resume through the SGS Online Admissions Application Site by 11:59 PM EST January 12, 2020
    • Complete the “Video Question Interview” (through the “Vidrecruiter” link e-mailed to all applicants) by 11:59 PM EST January 12, 2020. Upon paying the application fee, applicants will receive an e-mail with a link to the video interview. Please check your e-mail regularly.
    • Arrange for two academic references to submitted by 11:59 PM EST January 20, 2020. Upon paying the application fee and providing referees’ e-mail addresses, each referee will receive an e-mail with a link to the reference form. The MFE program does not accept hard copy or e-mail reference letters.

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.