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

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

    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.

    The Schulich MF is a program partner of the Financial Risk Manager (FRM) designation offered by the Global Association of Risk Professionals (GARP). The MF curriculum covers at least 70% of the FRM’s level one exam, preparing students for the two levels of the FRM exams after completing the MF degree. Students are entitled to use GARP online resources free of charge. They are also eligible to apply for GARP’s scholarships and fellowship. In addition, they can join GARP’s networking events.

    Program Partners


    GARP FRM Academic Partner

  • Melanie Cao
    Director, Master of Finance program

“The Schulich Master of Finance provided the intensive industry grounding and accelerated CFA pathway I needed to launch a great career in modern finance.”

Yui Hu (MF ’16)Senior Credit Risk Analyst, TD Securities
  • 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 Centre for Career Design (CCD). As Schulich’s in-house team of certified Career Coaches and Industry Advisors, the CCD 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 CCD 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...

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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. A strong quantitative background
    • Applicants may demonstrate the required level of quantitative skills via the completion of at least two 3-credit courses at recognized institutions from these fields: calculus, statistics, economics, linear algebra, probability theory, or other quantitative courses.
    • A 3-credit course consists of at least 36 hours of instruction. Both courses must be 2000-level courses (i.e. second year courses) or higher.
  3. Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE)
    • Acceptable scores on all measures of the GMAT or GRE
    • To send your GMAT or GRE test scores to the Schulich School of Business, please use the following process:
      • GMAT: Use the search function within your GMAT/GMAC account to search for the Schulich School of Business when selecting your score recipients.
        – Example of how our name appears: York University, Schulich School of Business, Program Name (ie. Master of Business Administration, Master of Finance, Master of Supply Chain Management, etc.)
      • GRE: Send your score using the following code: 5697
    • Candidates who have completed CFA Level 1 or higher, candidates who have completed FRM Part I or higher, candidates who have obtained B+ or a higher grade on university-level calculus, statistics, algebra or probability theory, and graduates from the Schulich School of Business BBA program with a B+ or higher GPA in the last two years of the program are exempt from this requirement.
  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 is required if studies were not completed in English.
    Accepted Tests Minimum Score
    IELTS (Academic Test) 7.0 overall (minimum 6.5 on each dimension)
    TOEFL   100 iBT (minimum 23 on each dimension)
    Schulich’s TOEFL code is B710 with Department Code 02


      • 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.

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 at Schulich, 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 starts in September of each year. We are still accepting applications for September 2024.

Entry Round 1* Round 2 Round 3 Round 4
September 2024 October 11, 2023

January 17, 2024

Extended to February 14, 2024

March 27, 2024 June 12, 2024

*International students are strongly encouraged to apply by the Round 2 deadline. Please keep in mind that you must have enough time to apply for a study permit if you are given an offer.

International students with a valid study permit for Canada are welcome to apply after Round 2 and will be considered for admission pending space in the program.

Apply Now! View MF Program Details Tuition Fees and Costs
Master of Finance 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. A term is equivalent to one semester, or 12 weeks.

Fees below are based on the Fall 2024 fee framework, and are subject to change.

Student Status Full-Time Tuition per Term/Semester*

Charged in Fall, Winter, and Summer.

Estimated Program Total**

Current tuition fee multiplied by typical number of terms required for program completion.

Domestic Students
Canadian Citizen, Landed Immigrant,
Permanent Resident
$ 18,045 $ 54,135
International Students
Visa/Study Permit
$ 30,915 $ 92,745

*Fees are rounded to the nearest dollar and include supplementary fees. For full details on all current tuition, supplementary fees, and student health plans refer to the Student Financial Services website: https://sfs.yorku.ca/fees/courses.

**Tuition fees have not yet been set for the Fall 2025-2026 academic year. Program totals are estimates only and subject to change. The Estimated Program Total is calculated by multiplying current Fall 2024 tuition fees by the standard number of terms required to complete the program. Program total estimates are rounded to the nearest $50.

Study Options

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Available delivery options

  • Full-time 12 months


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

Curriculum Overview

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Along with required core courses, students will concurrently take a series of Research Seminar (MFIN 5000) and Professional Seminar (MFIN 5050) courses. Full-time students choose to specialize in one of two streams – Capital Markets or Financial Risk Management.

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Common Core Courses

Course sequencing is subject to change. Click on the course code to view the full description.

Term 1 (Fall)


Term 2 (Winter)


Term 3 (Summer)


Stream Options

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

Capital Markets

Term 2 (Winter)

Stream Courses

Term 3 (Summer)

Stream Courses

Financial Risk Management*

Term 2 (Winter)

Stream Courses

Term 3 (Summer)

Stream Courses


* The Financial Risk Management (FRM) stream is the second program path option. Students who wish to study the FRM stream require the 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 our 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.

Teaching & Learning Online

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

Graduate Business Council (GBC)

The Graduate Business Council is the student government of master’s level graduate students at the Schulich School of Business at York University. The purpose of the Council is to represent the interests of the graduate student body to the Faculty/Administration and to foster within the student body a sense of identification and involvement in the Faculty and the University. Website: www.gbcschulich.ca

LinkedIn: Graduate Business Council at Schulich School of Business
Instagram: @gbcschulich

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.


The Schulich MF is a program partner of the Financial Risk Manager (FRM) designation offered by the Global Association of Risk Professionals (GARP). The MF curriculum covers at least 70% of the FRM’s level one exam, preparing students for the two levels of the FRM exams after completing the MF degree. Students are entitled to use GARP online resources free of charge. They are also eligible to apply for GARP’s scholarships and fellowship. In addition, they can join GARP’s networking events.

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 Centre for Career Design

    Your career is top priority at Schulich. To make career decisions that are right for you, the CCD 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 CCD 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.

  • Centre for Career Design

External Partners

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CI Financial Internships Initiative

Investing in the Future - A CI Financial and Schulich School of Business Initiative

CI Financial is a diversified global wealth and asset management company with over $364 billion (as of October 2022) of assets under management/administration. Since 1965, CI Financial has consistently anticipated and responded to the changing needs of investors, driven by a commitment to provide individuals and institutions with the highest-quality investments and advice. 

The goal of this initiative is to leverage the strengths and synergies of the two organizations to bring real world learning experiences to students through internships, innovative projects, and industry events. Two team projects in business analytics are already underway this fall.