• Equip yourself with high-demand skills in financial risk management.

    The Graduate Diploma in Financial Engineering at York University is offered by the Schulich School of Business in collaboration with the Department of Mathematics and Statistics. It provides rigorous training in financial theory, methods of engineering, tools of mathematics, and the practice of programming.

    This highly technical program is well suited for individuals with strong quantitative backgrounds in economics, mathematics, statistics, computer science, science and engineering.

    Graduates of the program will be equipped with the specialized skills to develop and value new financial instruments and implement risk management schemes.

    Students may apply to one of the following versions of this program:

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Career opportunities

After completing the program, students will be equipped with the theoretical knowledge and specialized skills to develop and value new financial instruments and implement risk management schemes. Possible career paths include:

  • derivatives trading and valuation
  • risk management
  • investment banking
  • financial analysis in brokerage houses, financial institutions and consulting firms

Students also have access to the Career Development Centre (CDC). As Schulich’s in-house team of certified Career Coaches and Industry Advisors, the CDC offers a wealth of innovative programs, resources and individualized mentoring and coaching to help you launch your career. Meet alumni, recruiters and industry leaders at corporate information sessions and other CDC events, and receive online access to the very best career tools available.

GDFE Program Details by Category

Admission Requirements

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Requirement Checklist

  1. A highly quantitative undergraduate degree from a recognized university. Such degrees include Business, Mathematics, Computer Science, Engineering, Economics, Chemistry, and Physics.
  2. A minimum B average in the last two full years (or equivalent) of academic work. Special attention will be placed on quantitative courses.
  3. Familiarity with financial market/economic concepts. This can be demonstrated by meeting one of the following criteria:
    • Completion of one economics/business course with a minimum grade of B;
    • Successful completion of the Canadian Securities Course offered by the Canadian Securities Institute (or an equivalent), or;
    • Two years of work experience in a business context dealing specifically with financial market/economic concepts.
  4. Work Experience
    • Post-degree work experience is not required, however it is recommended.
  5. Completion of the online application
    • The online application requires: an updated resume and 2 recommendations (at least one must be academic). Copies of transcripts may be uploaded to facilitate the initial review process.
  6. Proof of English language proficiency if studies were not completed in English.
    Accepted Tests Minimum Score
    IELTS 7.0 overall
    TOEFL York’s TOEFL code is (B710) 100 iBT
    YELT Band 1

    Applicants with English as a second language have the opportunity to enroll in the MBA/Specialized Master’s Preparation Program prior to beginning their studies.

    Applicants who have completed at least two years of full-time study at an accredited university in a country (or institution) where English is the official language of instruction are not required to submit an English proficiency test.

Deadlines

The GDFE (Stand Alone) program is offered on a part-time basis only. Studies start in September of each year.

Entry Round 1 Round 2 Round 3
September entry Dec 15 Feb 15 Still accepting domestic applications

 

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Tuition & Fees

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Graduate Diploma in Financial Engineering (GDFE) Program Fees

The part-time Financial Engineering Diploma (Stand Alone) is completed over three consecutive terms. The following reflects tuition fees for students entering the program in Fall 2017.

Domestic Part-Time Students
Canadian Citizen, Landed Immigrant,
Permanent Resident
International Part-Time Students
Visa/Study Permit
Cost Per Term: 2017-2018*
(Fall 2017, Winter 2018, Summer 2018)

Including supplementary fees
$7,650 $9,950
Estimated Total Tuition Fee** $22,900 $29,800

* The cost per term is rounded to the nearest $10. Figures include current ancillary and student referenda fees of $232.93 (part-time) per term. Fees are subject to change. For the most up to date supplementary fee information please refer to the student financial services website.

**Total tuition fees are rounded to the nearest $100.

Study Options

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To obtain the Financial Engineering Diploma (Stand Alone), students need to complete five Masters’-level courses offered by the Schulich School of Business and the Graduate Program of Mathematics and Statistics. Students have a maximum of six consecutive terms to complete these requirements.

Available delivery options

  • Part-time 12 to 24 months

Location(s)

  • Schulich School of Business, Toronto
Graduation Requirements

Curriculum Overview

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The Diploma in Financial Engineering (Stand Alone) requires the completion of five Master level 3.00-credit courses offered by the Schulich School of Business (SB courses) and the Faculty of Graduate Studies Graduate Program of Mathematics and Statistics (GS courses).

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Core Courses

  • STOCHASTIC CALCULUS IN FINANCE
  • NUMERICAL METHODS IN FINANCE
  • INVESTMENTS
  • OPTIONS, FUTURES & OTHER DERIVATIVE SECURITIES
  • FIXED INCOME SECURITIES

 

Students may not enrol in courses other than those specified for the Graduate Diploma in Financial Engineering.

 

NOTE: Not all courses required to fulfill a specialization are offered each term. Course offerings are based on factors such as student demand and instructor availability. The office of Student Services & International Relations is available to provide advising on course sequencing and the fulfillment of program and specialization requirements within a student’s period of study. For current course offerings and details, please view the Schulich Course Offerings Database.

Contact

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