We will be accepting applications for the Fall 2014 session starting November 15, 2013. The SGS Online Admission System will be active at that time.

Timelines	Date	Notes
Online application site opens	Nov 15, 2013	Candidates can start submitting applications.
Application deadline	Jan 25, 2014	Candidates cannot apply after this date. Statements, CVs, Electronic transcripts must be uploaded.
Document deadline	Feb 1, 2014	Candidates are given a week’s grace period to get outstanding transcripts, reference letters, GRE and English tests scores to the program office.
Candidate assessment	Early to mid- Feb 2014	Committee meets and evaluates applications.
First round	Late Feb/ Early Mar	Offer extended with a 2 week response date.
Second round	Mid-Mar	Offer extended with a 2 week response date.
Third round offers	Late Mar	Offer extended with a 2 week response date.

Grade requirement: B+ (3.3 out of 4.0 GPA or 75%) in the final year of a four-year program.

A B+ equivalent differs worldwide. Candidates can refer to the database on grade equivalencies for International Students, provided bythe School of Graduate Studies

Course requirements: Applicants must have a strong preparation in economics, including full year* courses in:

1. intermediate-level micro theory (prefer ECO 206Y, accept ECO 204Y, 200Y)
2. intermediate-level macro theory (prefer ECO 208Y, accept ECO 202Y, 209Y)
3. calculus (MAT 133Y, 135Y, 137Y, 157Y)
4. statistics (prefer ECO 227, accept ECO 220Y, STA 257H/261H)

 
* A full-year course is equivalent to 2 one-semester courses. See FAQ page for components in required courses.
Satisfaction of the minimum requirements does not guarantee acceptance into the Program. 

In addition, the application must be supported by:

1. At least 2 letters of reference from academic* advisors or instructors uploaded online (or in signed/sealed envelopes).
2. A one-page statement.
3. A resume or CV.
4. An acceptable English Language Test (TOEFL, IELTS, MELAB) sent directly from the testing centre*** – required of candidates whose most recent post-secondary degree was offered from an institution whose language of instruction was other than in English.
5. Official GRE (preferred) or GMAT** scores sent from the testing centre*** – required of candidates whose post-secondary studies were from other than a Canadian university.
6. Official transcripts of your academic record from all attended post-secondary institutions in sealed and signed envelopes.
7. Previous training in finance is useful but not required.

Notes:
*    A work reference is accepted in exceptional cases.
**  Students who barely met the minimum grade requirement, or have not done advanced work in economic theory and/or econometrics are encouraged to take the Graduate Record Examination test preferrably, or the GMAT test.
***  Please include a photocopy of your GRE or GMAT and English Language Test scores with your application(s).

1. The MFE is a full time program starting in the fall, and does not offer rolling admissions or part-time studies.
2. Transfer Credits:  The School of Graduate Studies may permit up to 1.0 full course equivalents (FCEs) in transfer credits, subject to the approval of the Program Director/s.
3. How applications are assessed: Each qualified applicant will be evaluated on the basis of academic performance, letters of reference, the specific courses completed and, in the case of an international student, GRE scores and in some cases, test scores in English language proficiency. Preference is given to applicants who have completed (with high standing) advanced-level courses in any or all of economics, mathematics and econometrics. Relevant work experience is NOT required, but is also taken into account, as is professional certification from the CFA Institute (www.cfainstitute.org).
   We do not do pre-assessments.
4. Candidates can check the status of their application by logging into their profile on the SGS Online Admissions Site.

To apply, please access theSGS online admissions system.

Under 'Program Selection' chose ‘Department: Economics Program: Financial Economics’; Degree Program: ‘Master of Financial Economics’, and Attendance Type: ‘Full Time’. Note that there is a non-refundable online application processing fee of $110 CDN.

The application package is a self-administered package. Applicants are responsible for ensuring that all the required documents reach the Master of Financial Economics Program Office and the School of Graduate Studies, University of Toronto by the application deadline.

Students who are completing a program of study at the time of their application for admission should arrange transcripts in early January to reflect their fall term grades. Such students, should they be given an offer of admission, must ensure the MFE Office receives their final transcript AFTER their convocation date.

If applying to more than one graduate program (including the MA in Economics program) at the University of Toronto, please arrange separate transcripts, GRE and English language tests to be directed to each program.

To view the web-page on Frequently Asked Questions (FAQs), please visit here.

Official documentation such as letters of reference, transcripts, GRE and English Language Test scores should be directed to:

Ayesha Alli
Coordinator, Master of Financial Economics (MFE) program
Department of Economics, University of Toronto
Room 170S, Max Gluskin House (GE), 150 St. George Street
Toronto, Ontario, Canada M5S 3G7

Please contact Ayesha Alli, MFE Program Coordinator at mfe@economics.utoronto.ca. Due to the high volume of inquiries during admissions season, please anticipate a slower response time.