MFE On Campus

Financial Economics

University of Toronto

20 months
55560 CAD/year
30510 CAD/year
Tuition fee
Apply date
Start date


The Master of Financial Economics (MFE) program at the University of Toronto is a full-time, limited-enrolment professional program offered jointly by Canada’s top Economics Department and top business school, Rotman School of Management.


About this Degree

In the Financial Economics program’s academic-experiential curriculum students take Rotman MBA-level courses (such as Corporate Financing, Options and Futures, Security and Portfolio Analysis) and graduate economics courses (such as Financial Economics, Macroeconomics, Microeconomics, Financial Econometrics), and get real-world work experience in a paid internship at a top financial institution.

The MFE program at the University of Toronto provides a broad understanding of financial theory and the economics framework upon which that theory is based. It has an excellent track record of placing its graduates in investment banking, corporate banking, sales and trading, private equity, asset/portfolio management, economic/strategy consulting, hedge funds, risk management and the public sector.

Best suited to the MFE program are those with a strong quantitative background and undergraduate degree in finance, economics, commerce, math or statistics. Entry is highly competitive. Applicants are admitted on a rolling basis and candidates should apply as early as possible.

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


  • Full-time
    • 20 months

Start dates & application deadlines


6 alternative credits

6.5 full-course equivalents (FCEs)


On Campus

Academic requirements

GPA admission requirements GPA

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.

Tuition Fee

To alway see correct tuition fees
  • International

    55560 CAD/year
    Tuition Fee
    Based on the tuition of 55560 CAD per year during 20 months.
  • National

    30510 CAD/year
    Tuition Fee
    Based on the tuition of 30510 CAD per year during 20 months.

Living costs for Toronto

1502 - 2563 CAD /month
Living costs

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


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Financial Economics
University of Toronto


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