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MFE Application GRE

The GRE and GMAT

  • Applicants who do not have a degree from a Canadian university MUST submit an official GRE® General Test score or GMAT® score (no exceptions). The MFE program prefers the GRE test.
  • Applicants who have a degree from a Canadian university are strongly encouraged to submit these scores if their undergraduate degree is not from a major university, or if their final year's GPA is just at the B+ minimum.
  • Test scores more than two years old by the application deadline will not be accepted (no exemptions).
  • Candidates must ensure that tests are received by the application deadline in order for the admissions committee to make its decision.

These are the minimum requirements for GRE and GMAT Tests specific to your MFE application:

GRE Revised General Test   GMAT Test
Institution Code
0982 Institution University of Toronto
Department Code
1801 Program Code BTD-88-30
Minimum Scores

Quantitative Reasoning = 160 Analytical Writing = 3.5

Minimum Scores

Quantitative Reasoning = 49 Overall = 710

You must arrange for your official results to be sent directly to the MFE Program. If applying to more than one graduate program at the University of Toronto, submit official test scores to each program to which you apply.

Please ensure that your first and last name is exactly the same on the GRE and GMAT tests as it is on the online application to our program. If the names do not match exactly, your scores will not be matched to your application. If you erroneously use different names, you must notify the MFE Program Office (mfe@economics.utoronto.ca), giving the names used in each case and your applicant number.

English Language Requirements

Applicants who have graduated from a university where the language of instruction is not English must provide (test scores) unless explicitly exempted by one of the SGS categories listed here (see 'Exemptions'). Any student claiming such exemption must include a statement to that effect, describing the category of the exemption, along with their application.  Students who falsely claim an exemption will be forced to withdraw from the program upon such discovery.

You must arrange that official results be sent directly to the the MFE Program Office at the University of Toronto. See 'Where to Direct Documentation' on our admission page for the program address.

Please ensure your first and last name is exactly the same on the English Language Test as on the online application to our program. If the names do not match, your test score will not be matched to your application. If you erroneously use different names, you must notify the MFE Program Office (mfe@economics.utoronto.ca), giving the names used in each case and your applicant number.

These are the minimum requirements for English Language Tests specific to your MFE application:

English Language Proficiency Test Minimum Score Requirement
TOEFL* Overall score in Internet Based (iBT) Test: 102
Speaking: 26
Writing: 22
IELTS All components: 7.0
MELAB 85
COPE 76 (22 in each component and 32 in the writing component)
Academic Preparation Course, School of Continuing Studies, University of Toronto A final grade of B in Level 60

* The MFE program prefers the TOEFL over other English Language tests.

You choose the institutions to which to send your TOEFL score from a drop-down list, and do not need to know our "institution code." Nonetheless, the TOEFL Institution Code for graduate studies at the University of Toronto is 0982-00 and the specific code for the Department of Economics is 0982-84.

The TOEFL examination is offered in two formats:a revised TOEL Paper-delivered test, and the internet-based format (IBT). Applicants who may have taken the older Paper Based Test, your scores are valid up to 2 years after your test date.