Overview

Mathematical Finance

This cross-disciplinary approach develops graduates with a richer, more innovative approach to applied mathematics in real-world situations. Some of the faculty are seasoned practitioners from the financial industry while others are from leading firms in the financial software industry, developing applications around requirements like risk management, portfolio analysis, and the pricing of advanced derivatives.

The heart of the programme is the four-month internship or campus project. Working on real financial projects, students learn to integrate and apply theoretical knowledge gained earlier in the Mathematical Finance (MMF) offered by the University of Toronto. In the internship, students team up with employees of the sponsoring firm to experience how financial mathematics impacts the decision-making processes of a financial services organization.

Inquiries about part-time options for the programme should be addressed to the Programme Director.

Programme Structure

Courses Include:

Financial Industry
Information Technology
Investment and Finance
Operations Research
Data Science Methods for Investment, Finance, and Risk Management
Financial Markets and Corporate Policy

Key information

Duration

Full-time
- 12 months

Start dates & application deadlines

Starting 2027-09-08 00:00:00
- Apply before 2026-12-14 00:00:00

Language

English

TOEFL^® IBT

93

Schedule TOEFL®

IELTS

7

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Credits

7 alternative credits

Delivered

On Campus

Campus Location

Toronto, Canada

Disciplines

Financial Mathematics View 6 other Masters in Financial Mathematics in Canada

Join for free or log in to access our complete career info list.

Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

TOEFL^® IBT

93

Schedule TOEFL®

IELTS

7

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

You must have completed a bachelor’s degree in a quantitative or technical discipline from a recognized university with a minimum GPA equivalent to a University of Toronto mid-B (75%) in the last two years of senior level courses.
Evidence of proven ability in areas such as linear algebra, multivariable calculus, differential equations, real analysis, at least one undergraduate course in statistics that covers topics such as confidence testing, applied multivariate analysis, time series analysis and basic regression are essential. A knowledge of economics and finance is helpful to understand the context of applied mathematics as it applies to finance. The ability to use programming languages such as MATLAB; C++; R and Python are required. The ability to adapt to the technical needs of the discipline is a skill that all quants must have.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Toronto and/or in Canada, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

60288 CAD / year

≈ 60288 CAD / year
Domestic Applies to you

Applies to you

Citizens or residents

62096 CAD / year

≈ 62096 CAD / year

Living costs

Toronto

Canada

1502 - 2563 CAD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Need help with your student visa?

Get Visa Support

Get personalized guidance from a certified VFS Global advisor and save 20% through Studyportals.

Avoid common visa mistakes and delays
Know exactly what documents you need
Get a clear checklist tailored to your situation

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

Loading

Scholarships Information

Below you will find Master's scholarship opportunities for Mathematical Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Mathematical Finance

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Tuition Fees

International Applies to you

Domestic Applies to you

Living costs

Toronto

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

Our partners