Rotman School of Management - University of Toronto

Financial Risk Management

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Program Information

School:Rotman School of Management - University of Toronto
Faculty:Joseph L. Rotman School of Management
Field of Study:Actuarial Science
Banking and Financial Support Services
Finance and Financial Management Services, Other
Finance, General

Develop the strengths a fast-moving economy demands – and leading organizations are looking for – in this intensive full-time program. At the intersection of risk management and finance, the Rotman MFRM provides an ideal balance of technical expertise and communications skills that will help launch your career.

The Master of Financial Risk Management from University of Toronto is a full-time program that runs from September to June.

Real-world results

Offered over ten months, the MFRM program is designed to prepare ambitious recent graduates and young professionals for careers in risk management and finance. All course are developed with practitioner input.

The MFRM is a comprehensive program in which each course has been carefully selected and designed (with practitioner input) to make the most of your growth as a risk management professional. Students develop a strong community with their classmates as they progress through the program together.

Midway through the program, the applied Risk Management Project brings students out of the classroom and allows them to put their knowledge into practice. They work with risk management professionals on a real-world issue, presenting their finding to faculty and industry partners at the end of the project.

Career opportunities

Located just blocks from Canada's business centre and part of the University of Toronto, the Rotman School is ideally positioned to help you connect with top employers. As a student of the program, you'll work closely with our staff to achieve your career goals, and to develop the self-marketing tools and strategies that will benefit you throughout your professional life.

94% of graduates from our first two cohorts of the MFRM program successfully secured employment within 6 months of graduation.

Our career services team will work with you to help you discover and define your vision for professional success. Through one-on-one coaching sessions and career education workshops, you'll gain the skills and strategies you need to achieve your goals.

Courses include:

  • Advanced Investments
  • Credit Risk
  • Derivative Models for Risk Management
  • Financial Markets, Risk and Institutions
  • Innovations in Financial Technology
  • Macroeconomics for Financial Risk Management Professionals
  • Operational Risk
  • Probabilistic Modelling for Risk-Informed Decisions
  • Regulation of Financial Institutions
  • Risk Management Project
  • Topics in Financial Risk
URL:Financial Risk Management at Rotman School of Management - University of Toronto
Length:10 Month(s)
Cost per year:*
National: $39,850
International: $65,020
Enrolment #:32
Careers:Banking, Credit and Other Investment ManagersMathematicians, Statisticians and ActuariesActuaries

Admission Requirements

Grade for Entrance Previous Year (%)*75 to 100

These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.

    Undergraduate degree

    Minimum B average required across courses in the final year but most students admitted will have a considerably higher GPA.

    Quantitative proficiency

    Evidence of a high level of proficiency (a GPA of at least 3.0) in quantitative subjects such as calculus, linear algebra, statistics and econometrics is required.

    Prerequisite courses

    Before the program begins, applicants must have completed courses in the following areas:

    • Foundations of Finance
    • Financial Accounting
    • Financial Derivatives
    • Investments

    If you have not completed courses in these areas as part of your undergraduate degree, you can obtain conditional acceptance to the program.

    English language proficiency

    One of the following:

    • Undergraduate or graduate degree from a recognized English language university.
    • TOEFL iBT or IELTS (visit our website for details or required scores).

    Two academic references

    On-line application (includes 1 written essay, 2 video questions and 1 real-time written response)

    Admissions interview

    All candidates who are admitted to the program will be interviewed. Interviews are by invitation only.

    Test Scores:
    • Test of English as a Foreign Language (Internet Based) [min. 100] or International English Language Testing System (academic or immigration) [min. 7]
    Additional Admission Requirements:
    • Letter(s) of Reference
    • Statement of Research Interests
    • Work Experience

    * The entrance grade may change from year to year. Please contact the school for further information.

    * We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.

    Modified on May 20, 2022