Overview

The Financial Economics programme at the University of Toronto is a prestigious professional qualification delivered through a unique collaboration between the Department of Economics and the Rotman School of Management. This full-time course is designed for high-achieving students with strong quantitative backgrounds in fields such as mathematics, commerce, or statistics. Over five semesters, participants engage in a rigorous academic-experiential curriculum that bridges the gap between theoretical frameworks and industry practice.

Why Financial Economics at the University of Toronto?

This programme is offered jointly by Canada’s leading Economics Department and the top-ranked Rotman School of Management, ensuring a world-class educational experience. A defining feature of the curriculum is the mandatory one-semester internship at a financial services firm. This paid placement allows students to apply their technical knowledge in professional environments, such as investment banking or asset management, while building vital industry connections.

Tuition Fee Breakdown

International fee: CAD 30510 per year
National fee: CAD 15255 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum integrates MBA-level business courses with advanced graduate economics modules. Students develop a deep understanding of financial theory and econometric modelling. Modules may include:

Corporate Financing
Options and Futures
Security and Portfolio Analysis
Financial Economics
Macroeconomics
Microeconomics
Financial Econometrics

Careers with Financial Economics

Graduates of this programme have an exceptional track record of securing roles within the global financial services industry. The combination of rigorous coursework and practical internship experience prepares students for high-level positions in diverse sectors. Common career paths include investment banking, sales and trading, private equity, and risk management. Additionally, alumni often find success in economic consulting, hedge funds, portfolio management, and various strategic roles within the public sector.

Programme Structure

Mathematics and Statistics for MA and MFE Students

2.0 FCEs from the Department of Economics. These core courses are the same as those required for the MA degree in Economics plus ECO1500H Financial Economics: Asset Pricing.
1.5 FCEs from the Rotman School of Management: RSM2306H Options and Futures Markets, RSM2300H Corporate Financing, and RSM2302H Security Analysis and Portfolio Management.
2.5 FCEs in electives from either the Department of Economics or the Rotman School, subject to the condition that at least 1.5 out of the 2.5 elective FCEs must be taken from the Department of Economics.

Key information

Duration

Full-time
- 20 months

Start dates & application deadlines

Starting 2027-05-05 00:00:00
- Apply before 2027-01-19 00:00:00

Language

English

TOEFL^® IBT

Schedule TOEFL®

IELTS

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

60 alternative credits

Delivered

On Campus

Campus Location

Toronto, Canada

Disciplines

Economics Finance View 52 other Masters in Finance in Canada

This information is based on LinkedIn alumni data for graduates from 2018 to 2024 and may not fully represent all career outcomes

Total alumni

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

Academic requirements

GPA

GRE^®

160 _{(quantitative)}

3.5 _(analytical)

GMAT

710

English requirements

TOEFL^® IBT

Schedule TOEFL®

IELTS

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

Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the program's additional admission requirements stated below.
An appropriate bachelor’s degree with at least a mid-B (75%) standing in the final year of the program.
Successful completion of courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
Applicants who do not hold a degree from a Canadian university must submit an official Graduate Record Examination (GRE) General Test score or a Graduate Management Admission Test (GMAT) score. See the program’s website for details.
Evidence of strong communication skills, both oral and written.
Relevant work experience and/or previous training in finance is useful but not required.
Admission is competitive, so accepted applicants will normally have achieved a standing considerably higher than the minimum requirements.

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

30510 CAD / year

≈ 30510 CAD / year
Domestic Applies to you

Applies to you

Citizens or residents

15255 CAD / year

≈ 15255 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.

Scholarships Information

Below you will find Master's scholarship opportunities for Financial Economics.

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

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 Business & Management

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