• The “must-have” degree for specialized financial professionals as stated by the Financial Times of London

    The Schulich Master of Finance (MF) is a 12-month full-time program that provides students with the robust real-world training and analytical foundation needed for a rewarding career in modern finance.

    The MF program runs from August to July of the following year. During this time students will develop their understanding of corporate finance, risk management, private equity, compliance and more. Courses place a strong emphasis on real-world applications and context. Critical topics in governance, ethics and the legal aspects of finance are embedded in the MF curriculum.

    Students also participate in Finance Research Seminars and the Professional Seminar Series, with courses in Ethics and Governance and options to specialize in Capital Markets or Financial Risk Management.

    The Schulich MF is a program partner of the Chartered Financial Analysts (CFA) Institute, the global industry standard for finance professionals. The MF curriculum covers a significant portion of the CFA’s body of knowledge, enabling students to prepare for all three levels of the CFA as they pursue their MF. Students also benefit from CFA online resources, scholarships and industry networking events.

    Program Partner


  • George Klar, Program Director, Master of Finance; Adjunct Professor of Finance
Ling Zhang (MF '11, CFA)

“My year of intensive study with Schulich’s Master of Finance Program helped jump-start my career.”

Ling Zhang (MF '11, CFA)ETF Research & Strategy, Derivatives & Structured Products
National Bank Financial
  • Career Opportunities

    The Schulich MF program will equip you with the specialized finance knowledge to be a leader in today’s complex business environment.  Recruiters value the technical expertise, financial decision-making and communication skills of Schulich MF graduates.

    Throughout the MF program, you will 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 coaching to help you launch your career. Meet alumni, recruiters and industry leaders at corporate information sessions and other CDC events and enjoy online access to the very best career tools available.

    Your Schulich MF program will open up opportunities for you in Investment Banking, Private Equity, Consulting, Risk Management, Market Risk, Fixed Income and Asset Management among others. Coupled with your financial modeling training and Bloomberg learning, you will bring a heightened level of financial expertise to your career.

  • Our MF could lead you to an exciting career in an organization such as...

MF Program Details by Category

Admission Requirements

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Requirement Checklist

The general admission requirements for the MF are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in each program is limited. A holistic approach is taken during the application review process and all components of the application are thoroughly reviewed.

  1. An undergraduate degree from a recognized post-secondary institution with a minimum B+ average in the last two full years (or equivalent) of academic work.
    • Applicants with 3-year degrees may be considered for admission with one year of work experience
  2. Prerequisite courses in Calculus (I & II), Economics (Micro & Macro) and Statistics taken at the undergraduate level.
  3. Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE)
    • Acceptable scores on all measures of the GMAT or GRE
    • To send your scores for these tests to us please use the following codes: GMAT code Z75-X8-02 or GRE code 5697
    • Waived for CFA Level 1 holders and CPAs (Canada)
  4. Work Experience
    • Post degree work experience is recommended but not required
    • One year of full-time, post-graduate work experience required for applicants holding 3-year degrees
  5. Completion of the online application which requires:

*Official copies of these documents will be required if an applicant receives an offer to the program

  1. Proof of English language proficiency if studies were not completed in English.
    Accepted Tests Minimum Score
    IELTS (Academic Test) 7.0 overall (minimum 6.5 on each dimension)
    TOEFL  (Schulich’s TOEFL Code is B710) 100 iBT (minimum 23 on each dimension)
      • 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.
      • Strong applicants whose first language is not English and do not meet the above language requirements may be considered for admission with the condition of completion of the MBA/Specialized Master’s Preparation Program offered by the York University English Language Institute.

Students who have graduated from Schulich within the last five years are eligible for the following:

  •  GMAT/GRE waiver
    • If the student achieved a B+ or better GPA during their last two years of undergraduate studies, or cumulatively across the Master of Management (MMgt) program
  • A $150 application fee waiver

For more information please see our Application Tips.


The MF program is offered on a full-time basis only. Full time studies start in August of each year.

Entry Round 1** Round 2 Round 3 Round 4***
August 2020 November 15, 2019 January 15, 2020 March 12, 2020 April 30, 2020

**International students are encouraged to apply no later than Round 1. International students are still welcome to apply after this date and will be considered for admission pending space in the program. Please keep in mind that you must have enough time to apply for a study permit if you are granted an offer.

***For domestic applicants only. Late international applications may be accepted pending space availability.

Apply Now! View MF Program Details Tuition Fees and Costs
Masters Viewbook Admissions Events Application Tips

Please note: Your GMAT/GRE score and responses from your referees can be completed after your application has been submitted. A preliminary review of your application will still be done prior to receiving these items.

Students may only submit a single application. Students are not permitted to apply in multiple rounds or to multiple programs.

Tuition & Fees

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Master of Finance (MF) Program Fees

The MF is a full-time program consisting of three academic terms.

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*
(3 Terms)
Domestic Students
Canadian Citizen, Landed Immigrant,
Permanent Resident
International Students
Visa/Study Permit

*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 Options

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Available delivery options

  • Full-time (August entry only) 12 months


  • Schulich School of Business - Keele Campus Toronto, ON
Graduation Requirements

Curriculum Overview

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The Master of Finance program spans three terms of consecutive study.

The MF program begins each August with Capital Markets (MFIN 5100 3.00). This three-week intensive fundamental course sets the stage for the upcoming terms and core courses. Along with required core courses, students will concurrently take a pair of Research Seminar Series courses (MFIN 5000 and MFIN 5050) during the Fall and Winter terms. Prior to the start of the Winter term, students choose to specialize in one of two streams – Capital Markets or Financial Risk Management.

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Core Courses

Click on the course code to view the full description.









Stream Options

To complete the following streams, students must complete the following additional courses (listed per term).

Capital Markets





Financial Risk Management*






*Students who wish to pursue the Financial Risk Management stream require approval of the Program Director.


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The teaching, research and consulting activities of finance faculty members are numerous and cover the fields of investments, financial engineering, financial services, corporate finance, governance, and regulation.

The work of the faculty brings theoretical rigour to practical applications. Specific research interests include the effect of thin trading on stock prices, the management of financial institutions, the application of financial theory to the development of new products, hedge funds, executive compensation, IPOs, market volatility, asset pricing and portfolio management. The finance faculty have won numerous awards for their work and are in high demand by practitioners from across Canada.

Student Clubs

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Finance Speaker Series

Attend the Finance Speaker Series event every week as Professors and Industry Professionals from across the global come to Schulich to discuss current issues in the Finance world: Find an event.

Schulich Finance Association (SFA)

The SFA provides an opportunity for students to learn more about careers in a variety of Finance areas (Investment Banking, Sales and Trading, Research, Corporate, Commercial and Retail Banking), to serve as a forum to network with Finance professionals, and to reinforce Schulich’s image in the corporate world.

Through a number of events, including the panel discussion and speaker series, round table discussions and the Day on Bay, students can meet and learn first-hand from experienced industry professionals.

Email: sfa@schulich.yorku.ca

Other Clubs

Entrepreneurship and Venture Capital Club

Schulich Investment Banking Club

Portfolio Management Club


Learn more about Graduate Student Life at Schulich

Professional Designations

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MF students will cover a significant percentage of the curriculum requirements for all three levels of the CFA exam throughout their program.

Schulich's CFA partnership also provides students with access to specialized online Level I sample exams, scholarships, the Financial Newsbrief and other CFA publications. All graduates will be well equipped to successfully challenge all three levels upon completion of their degree program.

Career Opportunities

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  • Master of Finance graduates are suitable for employment as finance specialists in investment banks, private equity firms, corporate finance divisions of large companies, central banks, consulting companies and government agencies. Selected employers who have extended offers to students in the MF program include: CAI Capital Management,  BMO Capital Markets, National Bank Financial, TD Securities, Deloitte, Scotia Capital, CIBC World Markets,  PwC, IBM and KPMG. Further, because of the research components inherent in the curriculum, the MF will also serve as an excellent foundation for students wishing to pursue a PhD in finance.
  • The Schulich Career Development Centre

    Your career is top priority at Schulich. To make career decisions that are right for you, the CDC will help you identify strengths, determine career objectives, develop career plans, hone skills for career management and put your professional development plan into action.

    - Our highly experienced CDC Advisors bring a unique combination of first-hand knowledge, experience and diverse perspectives in a wide variety of businesses and industry sectors.

    - Take advantage of a series of proven career-building modules, including up-to-date Job Search Techniques, Self-Assessment, Resume and Cover Letter Writing, and Interview Skills to help you stand out from the competition.

    - Corporate Information Sessions offer you an opportunity to meet top level recruiters, alumni and executives.

  • Career Development Centre