McMaster University- DeGroote School of Business MASTERS

The 16-month Master of Finance program at the DeGroote School of Business will help you become a well-rounded financial professional by building your practical skills and teaching you how to apply these skills in the real world.

Type of Course: Master of Finance

Accreditation: AACSB, GARP

Starting Date: September 2022

Length of Course: 16 months

We take pride in welcoming a diverse Master of Finance class each year. Our students come from a number of different academic and cultural backgrounds, creating a classroom experience that encourages discussion, creativity and teamwork to solve financial busienss problems.

An overview of our typical cohort:

Average Age: 22

Average GMAT Score: 655

Male/Female Split: 30/70

Academic Background: Arts, Accounting, Commerce, Computer Science, Economics, Mathematics, Management, Engineering, Statistics, and Actuarial Science

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Our admission requirements for the Master of Finance (MFIN) program are listed below. Meeting the minimum admission requirements does not guarantee admission, as we have limited space each year. Our Admission Committee takes a holistic approach during the application review process and all components of the application are given a thoughtful and thorough review.

• Honours (4 year) bachelor degree or equivalent in any discipline with a minimum B+ average (equivalent to a McMaster GPA of 8.5) from an accredited university.
• Prefer minimum of one term each of university level calculus, algebra, and statistics. The normal expectation is that these courses have been completed within the last five years.
• Minimum GMAT score of 600 or the GRE equivalent.
• Resume/CV.
• At least one letter of reference from an academic source, the other letter of reference may be non-academic.
• Applicants whose native language is not English and did not complete their most recent degree in English are required to submit an Official English language test. Minimum TOEFL score of 92; or IELTS score of 6.5. Note – for our 2019 class, the average TOEFL score was 100 and the average IELTS score was 7.

Please note that our program does not require work experience.

You do not need to submit a Personal Statement of Interest or a Writing Sample.

Application Fee - $150CDN

Tuition for the 2021/2022 academic year will be as follows:

International Students – $3545.86 per course for a program total of $53,187.90 plus any supplemental student fees.

Domestic Students – $2,625 per course for a program total of $39,375 plus any supplemental student fees.

*The Supplemental Fees for 2020/2021 are $905.17 CAD/academic year. The Supplemental Fees for 2021/2022 have not yet been finalized.

Given that this program is 16-months and spans over two academic years, supplemental fees for both academic years are required.

Note: Entrance scholarships are available for both domestic and international applicants on a competitive basis based on the students’ academic  performance, extra curricular activities/experiences, and other criteria the MFIN Admission Committee considers to be essential for the program. Entrance Scholarships will be awarded at the Admission Committee’s discretion to international applicants who submit their complete application during rounds 1 – 3 only. Domestic applicants will be eligible for an entrance scholarship during all rounds.