Master of Financial Economics (MFE)
4.2 /5
- Public University
Department of Economics
Talk to ExpertMaster of Financial Economics (MFE) at U of T Overview
Master of Financial Economics (MFE) offered at University of Toronto is a PG level course, which is considered the top-ranked course across the university and the country. Students who are willing to apply, can pursue the course within the duration of 18 months.
International students applying at University of Toronto for the Master of Financial Economics (MFE), need to submit the necessary documents as per the department and the course including the qualification proof along with test scores of exams including IELTS, GMAT, GRE and TOEFL. Additionally, it is recommended that the students apply for the course before the deadlines as the seats available at the university for the course are limited.
The University of Toronto tuition fees for Master of Financial Economics (MFE) for the first-year international student is CAD 61,018. In addition to the tuition fees students need to look into other various factors that are necessary to manage their stay during the study at the university, which include the other necessary costs, covering accommodation costs, hostel fees, food, books, supplies, utilities, etc. The average cost of living at University of Toronto is CAD 16,821.
Duration | 18 months Get Curriculum |
Tuition & Fees | ₹40.93 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
- Overview
- Fees
- Curriculum
- Entry Requirements
- Application Process
- Rankings
- Placements
- Highlights
- Scholarships
Master of Financial Economics (MFE) at U of T Fees
Students interested in pursuing a Master of Financial Economics (MFE) from University of Toronto must fulfil the associated monetary requirements that come with the course. The fee structure includes the payment of the first-year tuition fee. Students must also plan for some other costs they may incur associated with living in Canada such as rent, food, medical, travel and other expenditures. The overall estimated cost of living students can expect to incure is around CAD 16,821.
The cost may vary as per the lifestyle being pursued by the students and some other fees that may be charged by University of Toronto over the duration of studies. The first year tuition fee for Master of Financial Economics (MFE) is around CAD 61,018.
For a more detailed fee breakdown regarding the Master of Financial Economics (MFE) from University of Toronto, refer the table given below:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 40,92,755 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 10,79,740 |
| Insurance | INR 48,528 |
Calculated at the exchange rate of 1 CAD = INR 64.19 | Tuition & expenses were last updated on 11ᵗʰ April 2025Master of Financial Economics (MFE) at U of T Curriculum
Applicants can click on the green button below to download and check out the University of Toronto Master of Financial Economics (MFE) program. The curriculum PDF provides a piece of detailed information about the course including tuition fees and admission requirements. Students can check the semester-wise breakdown of the overall Master of Financial Economics (MFE) structure in the following PDF.
Download exam sample paper
Master of Financial Economics (MFE) at U of T Entry Requirements
- No specific cutoff mentioned
- CGPA - 3/4
- Read less
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Applicants must have completed, or must be in the final year of an appropriate four-year bachelor’s degree program with a minimum mid B standing (3.0/4.0 GPA or 75%) in the final year of that program
- Applicants are recommended to have successfully completed the following university-level courses prior to the official start date of the Summer 2024 program:-
- Intermediate Microeconomics
- Intermediate Macroeconomics
- Intermediate Statistics
- Calculus
- India specific requirements:-
- Minimum GPA: 1st Class/Div or 8.0/10; 7.5/10 from Indian Institutes of Technology
- A Minus GPA: 1st Class/Div or 9/10; 8.5/10 from Indian Institutes of Technology
- B Plus GPA: 1st Class/Div or 8.5/10; 8/10 from Indian Institutes of Technology
- Bachelors Equiv: Bachelor`s Degree, requiring a minimum of 4 years of study (e.g. BPharm, MBBS, BDS, BTech, BEng, BArch, etc.) or completion of BOTH a Bachelor`s (three-year) degree and a Master`s
- Masters Equiv: MPhil; MTech; MEng; MSc (Eng)
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Calculate your score and check your eligibility at over 2000+ universities.
Out of 10
- N/A
- A three-year bachelor's degree is only accepted if it is followed by a master's degree
Calculate your score and check your eligibility at over 2000+ universities.
Out of 10
- Marks - 93/120
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- No specific cutoff mentioned
- Applicants with an undergraduate degree from a non-Canadian university must demonstrate their quantitative/analytical proficiency by submitting GMAT scores
- No specific cutoff mentioned
- Marks - 7/9
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- Minimum required overall score: 7.0 (Academic)
- Minimum required score in each part: 6.5
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
- No specific cutoff mentioned
- Applicants with an undergraduate degree from a non-Canadian university must demonstrate their quantitative/analytical proficiency by submitting GRE scores
- No specific cutoff mentioned
- Applicants need to Complete a (pre-recorded) “Video Questions Interview
- Yes
- Read lessMost of the university's admission decisions are based on interim marks, and so the majority of its offers are typically conditional on achieving acceptable final standing. Students are expected to maintain consistent academic standing for the duration of their high school (and post-secondary, if applicable) studies
Master of Financial Economics (MFE) at U of T Application Process
- Applicants must arrange for two academic references.
- Applicants with at least two years of professional experience may request the MFE program for permission to submit one academic and one professional reference by emailing mfe.admissions@utoronto.ca
- Applicants need to Submit a one-page resume in PDF format.
- Academic Transcripts
- Applicants are required to upload legible transcripts from all post-secondary institutions attended regardless of whether or not a degree was obtained
- The scanned transcript should include the respective institutional legend/grading scales
- Applicants will be asked to supply a list of all post-secondary education institutions attended, regardless of whether a degree was obtained. Begin with the most recent (or current) institution attended and continue in reverse chronological order
- Proof of English language proficiency
- Copy of passport
- Submit a one-page “Statement of Interest” in PDF format
- Faculty questions:Applicants will be asked to provide supplementary information on the courses applicants have taken. If applicant haven’t taken any/some of the course(s) listed on this page, simply leave the corresponding field blank.
Master of Financial Economics (MFE) at U of T Rankings
| Rank | Rank Publisher |
|---|---|
| #17 | |
| #24 |
Master of Financial Economics (MFE) at U of T Placements
| Particulars | Statistics (2023) |
|---|---|
| Internship Available | Yes, Students must complete a one-session internship |
Top Recruiters for U of TUniversity of TorontoStudents Ratings & Reviews
27 Verified Reviews- 37% students never faced discrimination in this university
Master of Financial Economics (MFE) at U of T Highlights
- The Master of Financial Economics (MFE) program is a imited-enrolment professional program offered jointly by Canada’s top Economics Department and top business school, Rotman School of Management
- The MFE program provides a broad understanding of financial theory and the economics framework upon which that theory is based
- It has an excellent track record of placing its graduates in investment banking, corporate banking, sales and trading, private equity, asset/portfolio management, economic/strategy consulting, hedge funds, risk management and the public sector
- Students will study subjects such as Economic Theory-Microeconomics, Economic Theory-Macroeconomics, Options and Futures Markets, Corporate Financing, Security Analysis and Portfolio Management etc.
Master of Financial Economics (MFE) at U of T Scholarships
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