Master of Financial Risk Management
4.1 /5
- Public University
Rotman School of Management
Talk to ExpertMaster of Financial Risk Management at U of T Overview
Master of Financial Risk Management
at U of T
University of Toronto offers courses at PG level. The course lasts for a duration of 10 months. It is among the top-ranked courses in the country. To be eligible for the course, the students must fulfil the eligibility criteria, which includes valid score in exams such as IELTS, TOEFL, GRE and GMAT. The University of Toronto tuition fee for Master of Financial Risk Management for the first year is CAD 74,650 (INR 5,144,132). Also, the students have to make budget for the other costs which includes:
- Rent
- Hostel fees
- Food
- Books
- Supplies
- Utilities, etc.
Duration | 10 months Get Curriculum |
Tuition & Fees | ₹50.70 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Financial Risk Management
Table of contents
Master of Financial Risk Management at U of T Fees
Master of Financial Risk Management
at U of T
For enrolling at the University of Toronto, for Master of Financial Risk Management, students must pay the tuition and living cost. Moreover, the University of Toronto Master of Financial Risk Management fee structure can vary from domestic to international students.
International students must pay the CAD 74,650 (INR 5,144,132) for the first year. Along with this, they must be ready for other costs of living such housing, food, transportation, books and supplies, and other miscellaneous expenses. The average University of Toronto cost of living for international students is CAD 16,501 (INR 1,137,084). Check out University of Toronto Master of Financial Risk Management on the fee breakup, from the table mentioned below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 50,70,006 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 11,20,699 |
| Insurance | INR 51,345 |
Calculated at the exchange rate of 1 CAD = INR 67.91702 | Tuition & expenses were last updated on 5ᵗʰ January 2026Master of Financial Risk Management at U of T Curriculum
Master of Financial Risk Management
at U of T
Students thinking to pursue University of Toronto Master of Financial Risk Management course can check out the green button below to have an idea about the curriculum. This is the curriculum PDF and comprises details such as subjects taught, electives available and other course-related content.
Download exam sample paper
TOEFL
TOEFL
IELTS
GMAT
GRE
Master of Financial Risk Management at U of T Entry Requirements
Master of Financial Risk Management
at U of T
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- CGPA - 3/4
- Read less
- A recognized four-year undergraduate degree or equivalent:
- Minimum B average required across courses in the final year but most students admitted will have a considerably higher GPA. Business, commerce, economics, mathematics, engineering or actuarial science degrees will be preferred, but other 4-year undergraduate degrees will be considered if there is evidence of strong quantitative skills
- Evidence of a high level of proficiency (a GPA of at least 3.0) in quantitative subjects such as calculus, linear algebra, statistics and econometrics is required. In cases where evidence of quantitative ability is not obvious, applicants may be asked to supply a GMAT/GRE score or other supplementary evidence of quantitative ability
-
Before the program begins in September, admitted students must have completed courses in the following areas as part of their undergraduate degree:
- Foundations of Finance
- Financial Accounting
- Financial Derivatives
- Investments
- If applicants have not completed courses in these areas as part of their undergraduate degree, they can obtain an offer of admission that is conditional on passing a qualifying exam for each prerequisite that is missing
- Applicants who have completed Level I, II or III of the CFA Study and Examination program may be exempt from prerequisite courses
- Indian equivalencies:-
- 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)
- A recognized four-year undergraduate degree or equivalent:
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GPA
Percentage
CGPA
Out of 10
3 year degree accepted
- N/A
- A three-year bachelor's degree is only accepted if it is followed by a master's degree
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Convert your CGPA to GPA
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 100/120
- Read less
- with a minimum of 22 in both writing and speaking
-
Register for TOEFL iBT® Test Today and get Rs 500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL
GMAT
- No specific cutoff mentioned
- Optional
IELTS
- Marks - 7/9
- With no band below 6.5
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
GRE
- No specific cutoff mentioned
- Optional
Other eligibility criteria
- Prior to starting the program, all admitted students must complete a four-week Python for Business Course that will be offered by the Rotman School of Management
- The course is to ensure everyone in the program has a minimum base level ability with Python. It will consist of two tests and a guided capstone project. The course is a beginner to moderate level
Sign-up to view details
Master of Financial Risk Management at U of T Application Process
Master of Financial Risk Management
at U of T
Step one
Prepare documents for application
LOR
- Two recommendation forms must be completed online by your referees
- While both referees should be academic, applicants who are applying to the MFRM with some work experience, are welcome to submit one academic and one professional reference. If possible, we encourage you to have at least one reference from a professor who taught you in a quantitative course
ESSAYS
- One written essay
CV
- Copy of resume
Step two
Additional documents required
- Official academic transcripts
- English language proficiency
- Video Questions & Real-time Written Response
Step three
Start your online application
Step four
Application fees for this course
CAD 195 = INR 13.22 Thousand
Mode of payment: Credit card
Step five
Application deadline
Fall (Sept): 7th Feb
*The dates specified are tentative dates as per the previous year records. Our expert counselors can help with exact deadline date. Connect with the expert now!
Master of Financial Risk Management at U of T Rankings
Master of Financial Risk Management
at U of T
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #15 | |
| #23 |
Master of Financial Risk Management at U of T Placements
Master of Financial Risk Management
at U of T
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes |
University of TorontoStudents Ratings & Reviews
4.1/5
44 Verified ReviewsStudent Views (Based on Reviews)
- 30% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Friendly
Stressful
Internships3.5
Part time work3.4
Post study jobs4.3
Quality of faculty4.5
Student Life4.4
Value for money3.6
Public transportation4.5
Safety4.4
Indian Food4.3
Permanent Immigration3.7
A
Anonymous
BSc Hons in Physics and Astrophysics - Batch of 2026
4.5
Challenging yet Fulfilling experience at the University of Toronto
Tips: 1) The transition is the most difficult part of the process. There is a huge cultural shift, and the only way to overcome it is with time. I have become very independent, and honestly, the experience gives one the confidence to survive and thrive in any situation in any part of the world. 2) I received the International Scholars Award that contributes $180,000 towards my tuition at the university. It's an admission award given based on the student profile. 3) I am very satisfied with my education. I feel very confident about my future career options because of the skills and the opportunities I have gained over the last 4 years at the university.
Total Monthly ExpenseCAD 1600
Prepping time for classes50 hours/Week
Expected Annual SalaryCAD
A
Anonymous
BA (Hons) in Economics - Batch of 2028
3.9
Learning about myself everyday
Tips: Just come with an open mind, because almost every social norm is different from back home, and to thrive, you need to be social; otherwise, you might end up alone. I feel communication is by far the most important skill, so put yourself out there in situations where you are comfortable and have to communicate in all sorts of situations and with people from diverse backgrounds.
Likes (Student Life): The campus being in the heart of downtown Toronto, you can never get bored, and there is so much to do. The thing I enjoy most about my college life is to go on random side quests with my friend, play a random sport, explore the city, etc. I don't really participate much on campus, but there are tons of communities and opportunities.
Dislikes (Internships): Some faculty members' resources are very limited, and they don't prepare you very well for networking and job hunting. You need to do the majority of the work yourself, and even seeking help hasn't been very useful from my personal experience. Internships in Toronto are available in almost all fields.
Total Monthly ExpenseCAD 2350
Prepping time for classes16 hours/Week
Expected Annual SalaryCAD 90600
S
Sayantani Upadhyay
Master of Science in Biochemistry - Batch of 2028
4.7
Life and Research at UofT
Tips: Look, let's be totally real about U of T—the place is a brutal academic monster. There's a genuine reason everyone on campus calls it 'U of Tears.' The workload is just insane, the standards are ridiculously high and it honestly takes over your entire life. But if you can survive the grind, the sheer scale of the courses, the world-class mentorship, and the research opportunities you get access to are unmatched. Because Toronto is easily the most multicultural city in Canada, that exact energy bleeds right onto the campus. You'll find your people here pretty quickly, and blending into the student population isn't the hard part. The real challenge for international students is locking down doctoral funding. While U of T does guarantee a baseline graduate stipend package to support PhDs, direct international scholarships are highly competitive and limited. If you can secure your financial footing, it is easily one of the best, most well-equipped places on the planet to pursue serious research.
Likes (Permanent Immigration): I understand that Canada is still welcoming immigrants and is not as tight in providing permanent residency (PR) to immigrants as many other countries right now. Students pursuing higher education may have a higher chance of getting a PR here. If available oppourtinities feel right, I may decide to stay longer in this country.
Total Monthly ExpenseCAD 2200
Prepping time for classes50 hours/Week
Expected Annual SalaryCAD 65000
A
Anonymous
Bachelor of Applied Science in Civil Engineering - Batch of 2026
3.7
Very independent and structured.
Tips: Very research oriented yet fun loving campus. You'll learn a lot more than you initially sign up for yet you'll get an experience to cherish. Professors are very patient and available which makes things easier and the campus is very diverse as well. Learning format is independent and you'll be responsible for your own pace of learning.
Total Monthly ExpenseCAD 1650
Prepping time for classes34 hours/Week
Expected Annual SalaryCAD 103725
A
Anonymous
Master of Science in Clinical Epidemiology and Health Care Research - Batch of 2027
3.9
Good for exposure and growth.
Tips: I have had a mostly positive experience at university and it has taught me to become more self reliant and capable than before. The academic culture is more straightforward and optional reading isn't exactly optional. Scholarships can also be awarded as the academic year progresses. Part time jobs on campus are limited and very sought after so you'll be lucky to get one.
Total Monthly ExpenseCAD 1800
Prepping time for classes31 hours/Week
Expected Annual SalaryCAD 100650
View All 47 Reviews
Master of Financial Risk Management at U of T Highlights
Master of Financial Risk Management
at U of T
- The Master of Financial Risk Management (MFRM) is designed to prepare students who excel at finance and quantitative analysis for careers in this in-demand sector
- A bridge between academic and professional life, this full-time, ten-month program allows students to fast-track into the finance industry-giving them a competitive edge over applicants with only an undergraduate degree
- Students will gain a better understanding of the different types of risk, the regulatory environment, and how different financial institutions manage uncertainty
- Students have the opportunity to gain real-world experience during the Risk Management Project which takes place midway through the program
Read more
Master of Financial Risk Management at U of T Scholarships
Master of Financial Risk Management
at U of T
Class Profile
| Average class profile for this course | |
|---|---|
| Bachelors GPA / Percentage | 3.6 |
| GMAT Score Average | 717 |
| Student Age | 23 years |
| Percentage of International Students | 56% |
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Master of Financial Risk Management at U of T Contact Information
Master of Financial Risk Management
at U of T
Address
27 King's College Circle, Toronto, Ontario M5S 1A1 Canada
Toronto ( Ontario)
Phone
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