Equip yourself with high-demand skills in financial risk management.
This program will not be offered for Fall 2020. Schulich’s Graduate Recruitment and Admissions team is not accepting applications at this time.
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.
Currently, students may only pursue the following versions of this program:
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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.Visit the Career Development Centre
GDFE Program Details by Category
Admission RequirementsView details Hide details
- A highly quantitative undergraduate degree from a recognized university. Such degrees include Business, Mathematics, Computer Science, Engineering, Economics, Chemistry, and Physics.
- A minimum B average in the last two full years (or equivalent) of academic work. Special attention will be placed on quantitative courses.
- 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.
- Work Experience
- Post-degree work experience is not required, however it is recommended.
- 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.
- Proof of English language proficiency if studies were not completed in English.
Accepted Tests Minimum Score IELTS (Academic Test) 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.
The GDFE (Stand Alone) program is offered on a part-time basis only. Studies start in September of each year.
NOTE: This program will not be offered for Fall 2020. Schulich’s Graduate Recruitment and Admissions team is not accepting applications at this time.
|Entry||Round 1||Round 2|
|September entry||December 15||February 15|
Tuition & FeesView details Hide details
Graduate Diploma in Financial Engineering (GDFE) Program Fees
The GDFE is offered part-time over three academic terms.
Program totals are based on three terms of part-time study. To view fees per term, visit the Student Financial Services website: https://sfs.yorku.ca/fees/courses.
Figures represent a program estimate based on the currently approved fee framework. Fees are subject to change.
|Student Status||Estimated Program Tuition Total*
Canadian Citizen, Landed Immigrant,
*Estimated total tuition fees are rounded to the nearest $100. Figures exclude all ancillary and/or student referenda fees charged by York University. For the most up to date supplementary fee information please refer to the Student Financial Services website: https://sfs.yorku.ca/fees/courses.
Study OptionsView details Hide details
Curriculum OverviewView details Hide details
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).View Program Requirements Hide Program Requirements
Click on the course code to view the full description.
- MATH 6910 3.00 STOCHASTIC CALCULUS IN FINANCE
- MATH 6911 3.00 NUMERICAL METHODS IN FINANCE
- FINE 6200 3.00 INVESTMENTS
- FINE 6800 3.00 OPTIONS, FUTURES & OTHER DERIVATIVE SECURITIES
- FNEN 6850 3.00 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.