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University of Toronto

  • Public University, Estd 1827
  • Toronto, Ontario
  • 50 Courses
HomeUniversities in CanadaUniversity of TorontoMaster of Financial Risk Management (MFRM)

Master of Financial Risk Management (MFRM)

  • Course LevelPostgraduate
  • Course Duration1 Year
  • IntakeFall: September 2025

Course Description

  • 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
  • In this program, students will learn to consider the ways risk is measured and managed, looking at systems and models currently used within the financial sector
  • Students have the opportunity to gain real-world experience during the Risk Management Project which takes place midway through the program

Start Dates and Fees

Course fees are indicative and should be viewed as an estimate. Connect with a counsellor to get an accurate figure for your course fees!

Duration1 Year
1st Year Tuition FeesCAD 66650
Intake
Intake
Fall: September 2025
Other Costs
Textbooks :2000.00
Laptop :1600.00
Accommodation :8000.00
Food :4000.00
Personal Expenses :2000.00
Public Transportation :1300.00
Health Insurance :756.00
Total :CAD 19656

Entry Requirements

Academic Requirements
  • An applicant must have a minimum B average required across courses in the final year of a bachelor’s degree from a recognized university but most students admitted will have a considerably higher GPA
  • 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
  • Before the program begins in September, applicants must have completed prerequisite courses in the following areas:
    • Foundations of Finance
    • Financial Accounting
    • Financial Derivatives
    • Investments
Additional Requirements
  • Official transcripts
  • Two academic references


English Language Requirements
  • IELTS : 7.00
    With at least 6.5 across all bands
  • TOEFL : 100.00
    With a minimum of 22 on the writing and speaking sections
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Business & Economics THE (Times Higher Education)
#23
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Economics and Business U.S. News & World Report
#18
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Business Masters Rankings: Finance QS
  • Course LevelPostgraduate
  • SpecializationFinance
  • Course Duration1 Year
  • 1st Year Tuition FeesCAD 66650
  • Intake
    Fall: September 2025
  • Application FeesCAD 125
  • Exam Score
    IELTS 7.00
    TOEFL 100.00
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