Master of Financial Risk Management

University of Toronto

Toronto, Ontario, Canada
Master of Financial Risk Management
Duration10 Months
LevelMasters Program
  • The Master of Financial Risk Management (MFRM) is designed to prepare students who excel at finance and quantitative analysis for careers in this in-demand sector
  • A bridge between academic and professional life, this full-time, ten-month program allows students to fast-track into the finance industry—giving them a competitive edge over applicants with only an undergraduate degree
  • Students will gain a better understanding of the different types of risk, the regulatory environment, and how different financial institutions manage uncertainty
  • Students have the opportunity to gain real-world experience during the Risk Management Project which takes place midway through the program
Fees componentsAmount
Tuition & fees3754255 INR
Hostel & Meals576476 INR
Insurance36723 INR
Transportation56585 INR
Books 57740 INR
Total727524 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
Bachelors7.5 GPA
  • A recognized four-year undergraduate degree or equivalent: A business, commerce, economics, mathematics, engineering, or actuarial science degree is preferred. However, other four-year undergraduate degrees will be considered if there is evidence of strong quantitative skills with a minimum B average in calculus, linear algebra, and statistics or econometrics
  • Quantitative proficiency, usually demonstrated through the completion of university-level courses with a minimum B average (or a GPA of at least 3.0), in calculus, linear algebra, and statistics and/or econometrics during the undergraduate degree
  • Prerequisite: Foundations of finance, Financial accounting, Investments, Futures and options
  • Applicants who have not completed courses in one or more of these subject areas may be offered admission conditional on successful completion of one or more qualifying examinations demonstrating equivalent knowledge
  • if applicants have completed Level I, II or III of the CFA Study and Examination program, they may be exempt from our prerequisite courses
  • Minimum GPA: 1st Class/Div or 8.0/10; 7.5/10 from Indian Institutes of Technology
  • B Plus GPA: 1st Class/Div or 8.5/10; 8/10 from Indian Institutes of Technology
  • Bachelors Equiv: Bachelor`s Degree, requiring a minimum of 4 years of study (e.g. BPharm, MBBS, BDS, BTech, BEng, BArch, etc.) Or Completion of BOTH a Bachelor`s (three-year) degree and a Master`s
ExamsTOEFL: 100
  • With minimum 22 in both writing and speaking

IELTS: 7
  • With no band below 6.5

Additional info
  • Applicants can be exempted from English language requirement if they have earned an undergraduate or graduate degree from a university at which the language of instruction and examination was English
  • In cases where evidence of quantitative ability is not obvious, applicants may be asked to supply a GMAT/GRE score or other supplementary evidence of quantitative ability. Knowledge of VBA is strongly preferred
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