Master of Finance [M.Fin] - Master [less than a year]
$14,756 /Yr On-campus full_time

Master of Finance [M.Fin]

  • McMaster University offers Master of Finance for a duration of 16 months (4 terms).
  • It is an on-campus program offered on a full-time basis.
  • In this program, students will learn essential skills and knowledge in economics, accounting and statistics.
  • The program Begins in September and students will complete two four-month academic terms, followed by one four-month summer term.
  • It provides an opportunity to seek employment, complete external certifications, or develop language skills.
  • Students will return the following September to complete one final four-month academic term in order to complete the program.
  • In 1st term, students learn about the fundamental tools of economics, statistics, financial accounting and finance that you’ll need as a financial specialist.
  • In 2nd term, students develop their skills and apply them in examining topics in financial theory and derivatives.
  • In 3rd term, students have the opportunity to seek employment and gain valuable work experience within or outside of Canada, develop the language skills needed to succeed in the Canadian finance sector, or work towards completion of designations such as CFA.
  • In 4th term, students build their knowledge through analytical applications in finance. Augment and specialize their training through electives.
  • Students get many summer job opportunities but there is no guarantee of employment during this term.
  • Students will participate in a transition program during the two weeks before classes start.
  • The program includes career development opportunities, financial modelling workshops and a math/statistics review which covers the basic aspects of differential and integral calculus, linear algebra, and statistics and probability.
  • Students will required to complete a career development preparation course. The purpose of this course is to equip students with the necessary tools to aid in your summer and graduate employment search process.
  • The average salary of the prpgram goes up to 47,000 USD.

Tution & Application Fees

Year Year 1 Year 2
Tuition Fees $14246 $14246
Others $509 $509
Total Fees $14756 $14756

Examinations

Exam Type Exam Name Score Out of Score Exam Level
TOEFL Test of English as a Foreign Language 88 120 3
IELTS International English Language Testing System 6.5 9 3
PTE Pearson Test of English 60 90 3

Master of Finance
Duration 16 months
Course Level PG
Acceptance Rate 58.70%
International Students 5000
Graduation
  • Students have to complete an honors 4 year bachelor's degree or equivalent in any discipline from a recognized university.
  • Students hold a minimum B+ average (equivalent to a McMaster GPA of 8.5) from an accredited university.
TOEFL iBT Overall score of 92 is required
PTE Overall score of 60 is required
IELTS Overall score of 6.5 is required
GMAT Overall score of 600 is required
Documents Required
  • Official Academic Transcripts and Degree Completion Certificates
  • Statement of Interest
  • Resume/CV
  • ELP (TOEFL/IELTS) Scores (if applicable)
  • Proof of Permanent Resident Status (if applicable)
  • Two reference letters
Offer Acceptance time Within 30-40 days
Applications Deadline 15 March, 2023
Application Fee $150 (9,069 INR)
Annual Tuition Fees $18995 (11,48,437 INR)