For additional information about important dates and times, please consult the Rotman HUB.
The Master of Finance (MFin) degree is offered on a part-time basis for working professionals but the course load is considered full-time according to the School of Graduate Studies (SGS).
Rules and regulations for the Master of Finance program are governed by the School of Graduate Studies at the University of Toronto. The regulations of SGS are applicable, but not limited to, all matters relating to academic standards, examinations, course enrollment, and academic integrity. The SGS Calendar is available online.
The Managing Director, Specialized Programs is responsible for all aspects of the MFin program and works closely with the Academic Director; the Vice-Dean, Specialized Programs; and the Dean of the Rotman School of Management to ensure a high quality student experience for all.
Curriculum information is available at Master of Finance Curriculum.
Fees and Registration
The information provided on this page is specific to the Master of Finance program. For general information on fees, including invoices; legal status; health insurance; making payments; tax forms; the Professional Student Loan Program; government assistance; sponsorship of tuition by a third party; additional and service charges; and restrictions and penalties on past due accounts, please see the Finances section.
The tuition fees charged for each session of registration have four components:
- Program Fees
- Rotman Ancillary Fees
- University Compulsory Incidental Fees
- University Non-Compulsory Incidental Fees
The following tables are estimates. Please refer to the University of Toronto’s Planning & Budget website for the most accurate and up-to-date fees schedules.
Annual Program Fees for the Master of Finance Class of 2023 (Entered in 2021)
|Academic Year||Canadian Citizens and Permanent Residents||International Students on Student Authorization|
|Year 1 (2021–22)||$30,600||$44,740|
|Year 2 (2022–23)||$30,600||$44,740|
|Total Program Fee||$61,200||$89,480|
Annual Program Fees for the Master of Finance Class of 2023 (Entered in 2022)
|Academic Year||Canadian Citizens and Permanent Residents||International Students on Student Authorization|
|Year 1 (2022–23)||$30,600||$44,740|
|Year 2 (2023–24)||$30,600||$44,740|
|Total Program Fee||$61,200||$89,480|
In addition to the annual program fees noted above, students are required to submit payment for University mandatory incidental fees and Rotman ancillary fees. The University incidental fees amount to approximately $1,700 annually, which covers the terms from September–end-of-April and include campus fees and student society fees. Hart House privileges extend to end-of-August. The Rotman ancillary fees amount to approximately $1,568 annually, which covers the terms from September–end-of-August. Additional details, information, and finalized amounts will be updated as available and found on your fees invoice.
Rotman ancillary fees are charged by the School for services specific to the program. University incidental fees are charged by the University for services that are universal to all students: student unions; campus services, such as Hart House and the Athletic Centre; and electronic access fees for the cost of internet-based information access. This fee also includes health coverage and dental plan. Students with equivalent insurance elsewhere may opt out of these plans. Please visit the Graduate Students’ Union website for details.
The University Health Insurance Plan (UHIP) fee will automatically be added to fees invoices for International students only.
Note: The annual program fee, University incidental fees, and Rotman ancillary fees are set by the University and are subject to change. The University incidental fees amount noted above for future academic years are subject to approval by the Governing Council’s annual meeting each May.
Questions regarding how to Register Without Payment may be directed to the Registrar’s Office.
Team work is a substantial part of the Master of Finance program and plays a significant role in both the academic setting for course grades as well as training for professional life. Therefore, the content and the workload within the MFin program are structured around the requirement for students to work successfully in project teams.
To allow students to benefit from the diversity of backgrounds represented in the program, the Program Services staff will create teams for terms 1–4. Students will be invited to self-select teams in their final term of the program.
The Program Services staff take a number of factors into account when forming the study teams, including academic background, industry experience, program of previous study, international background, etc. Study teams are required to work together for course projects and act as an academic resource for students for individual course work and class preparation. Most courses in the MFin program require some graded team work component.
Team Training and Development
The introduction of the Term 1 study teams takes place at Orientation through a guided team session. The Program Office will provide the underlying resources for study teams to work progressively together, however, it is not the program office’s responsibility to sustain the teams. Rather, each individual has the responsibility to act in a way conducive to team work and to develop strong team work capabilities.
Resources will be available to study teams, to provide guidance with initial training and ongoing support throughout the program.
The Team Charter is essentially a contract between team members. It specifies the norms of the team and should be a guide for effective team behavior. The Charter outlines the vision, values, mission, goals, and ground rules for the team. It is particularly useful when there is conflict as it reminds the team what it wants to achieve and can help the members to refocus on its project goals.
A member of the Rotman faculty will be designated as the Project Team Advisor for MFin students. The MFin Project Team Faculty Advisor is responsible for providing guidance and support for teams encountering conflict.
Project teams or their individual members who, at any time, encounter difficulties or are unable to resolve team issues are recommended to contact the Associate Director, MFin Program Services and/or the course instructor to help resolve project team concerns.
Team Work and Academic Integrity
When working as a team, each team member is responsible for the work submitted collectively by the team. This includes work that may be considered academically dishonest, or in which an academic offence has been committed (as defined by the University’s Code of Behaviour on Academic Matters).
In other words, if one of your team members takes a shortcut and copies material from the internet or a past assignment, or simply isn’t aware of the rules regarding appropriate citation for sources consulted, the whole team faces consequences that may arise from an allegation of academic misconduct. It is up to each team member to be sufficiently familiar with the work being submitted; to check each other’s work for proper citations and originality; and to be aware of the relevant policies. As a general guideline, students should approach group assignments—and the checking of citations and originality—in the same manner that they normally would for an individual assignment; ultimately, ensuring the quality of the final product being submitted meets the standard of integrity.
Team Behaviours and Protocols
All students are expected to treat team work as they would in a business setting, ensuring professional behaviour at all times.
Professional behaviour in team settings includes (but is not limited to) the following:
- Respecting and treating all others in a manner consistent with the Rotman Code of Conduct
- Ensuring all team members voice their opinions, thoughts, and concerns
- Taking personal responsibility to voice thoughts to benefit the team’s learning
- Contributing equal time and effort to the project as others in the group
- Committing to a standard of work agreed upon by the group
- Participating in team projects at a level agreed upon by the entire team
The overall objective is to maintain a positive and productive team dynamic that will enhance the student’s learning experience. It is an ongoing policy of The Rotman School of Management to provide a supportive environment to maintain this objective.
General Dispute Resolution Procedures
Students are expected to make every attempt to rectify disputes or disagreements encountered amongst themselves. However, if problems arise that cannot be resolved within the team (e.g. habitual delinquency, violations of the Rotman Code of Conduct), additional actions should be taken to rectify the situation in line with the steps below. Teams who fail to follow the General Dispute Resolution Procedures are fully responsible for the team output, ensuring that all members get equal credit for the project work in question.
In extreme circumstances that involve concerns over physical or psychological safety (i.e., abusive behavior, discrimination/harassment), the program office will intervene much earlier in the process and draw upon the appropriate resources of the University to do so.
Academic Penalties for Unprofessional Behaviour / Non-Participation
Failure to participate in group projects at a level agreed upon by the entire project team, or demonstrating unprofessional conduct, will not be tolerated and may be subject to investigation and academic penalty.
Unprofessional conduct includes violations of the professional behaviours listed above.
Rotman Career Services is committed to working closely with students to refine their career goals, market themselves efficiently, and network with people in a position to help them reach their targets. Career Services provides students with career support through a range of services, including:
- Individual career counselling appointments in person or via telephone, including:
- Independent job search strategy
- Career advancement strategies
- Networking techniques
- Résumé and cover letter review
- Interview preparation
- Job offer and negotiation advice
- Professional development workshops and webinars on career related topics, including:
- Developing a career management plan
- Personal branding
- Advanced Resumes
- Technical interview preparation
- Industry-specific speaker events
- Attend over 80 free industry-specific speaking events per year
- Participate in industry-specific student club events with alumni
Students looking for support or advice in any of the above areas are encouraged to request an appointment in person or through Career Services’ main email address.
A variety of co-curricular workshops are offered throughout the academic program which encompass career essentials and professional skills development delivered through the Career Services Office and the Registrar’s Office. REgistration is typically through the Rotman HUB either through the “Student Tools” tile or the CAreer Services website. There are plenty of opportunities to develop and enhance key skills that will help students achieve their goals in the MMA program, and positively impact both career and academic success.
We encourage all students to get involved in Rotman student life. Not only does extra-curricular involvement provide students with opportunities for personal and professional growth, it also expands their network of faculty, industry professionals, and fellow students.
The MFin program features student and alumni events, industry conferences, a speaker series, and other opportunities for engagement and leadership.
MFin Ambassadors are current students who volunteer their time to provide insight and assistance to prospective and newly-admitted students. Ambassadors help potential students make informed decisions, and provide a smooth transition to the program for new admits. They share their experience and provide information based their unique perspective. Sample activities include accompanying a prospective student on a class visit or participating in a student panel.
MFin class representatives are elected by students from each cohort. They act as a liaison between the students and the program administration. They also communicate important information about industry, professional, and social events.
Specialized Graduate Programs Committee and Rotman Council
A Master of Finance student representative is asked to sit on the Specialized Graduate Programs Committee and Rotman Council, acting as a representative of the program who is able to speak on behalf of MFin students in governance discussions.
Graduate Business Council
The Graduate Business Council (GBC) is the student-elected representative organization at Rotman. The GBC acts as an umbrella for all clubs, sporting, and social activities, as well as a liaison with the faculty and school administration.
In addition to program feedback and evaluation across all Rotman programs, MFin students are asked to complete a pulse-check survey at the end of each term and a program survey at the end of their final term. This is an opportunity for students to provide feedback on the program structure and services, and to make suggestions for improvement on the MFin student experience.
The Rotman School recognizes the top 20 per cent of both the first-year and graduating MFin classes with a Dean’s List based on cumulative GPA. To be eligible for consideration, students must obtain passing grades in all courses and be registered in good standing.
Note that Rotman does not publicly rank students or release information on student rankings; however, the lists themselves are formally published annually for convocation and internal School recognition.
Courses graded as CR/NCR, Pass/Fail, or Honours/Pass/Fail, do not count towards the GPA, nor do courses taken as EXTra. Late withdrawals (WDR) do not affect the GPA. Dean’s List notations are not included on the University of Toronto transcript.
First Year Dean’s List
The First Year Dean’s list is compiled at the end of the third academic term. In addition to recognizing the academic success of the top 20 per cent the School bestows the following honours:
- The top student completing the first year of the MFin program earns the title Dean’s List, with Distinction.
- The top 10 per cent of students completing first year of the MFin program earn the title Dean’s List, First Class.
- The remaining students in the top 20 per cent earn the title Dean’s List.
Master of Finance Director’s Continuing Scholarship
The Master of Finance Director’s Continuing Scholarship is awarded to a student entering the fourth academic term of the Master of Finance program who has demonstrated scholarly excellence. The evaluation will be based on performance in the eight courses of the Master of Finance program that are completed in the first three academic terms of the program, and in consultation with the program directors.
Graduating Year Dean’s List
The Graduating Dean’s List is compiled each year in mid-June and is based on a cumulative GPA for the entirety of the program. In addition to recognizing the top 20 per cent of the class, the School bestows the following honours:
- The top student graduating from the MFin program earns the title Dean’s List, with Distinction.
- The top 10 per cent of students graduating from the MFin program earn the title Dean’s List, First Class.
- The remaining graduating students in the top 20 percent earn the title Dean’s List.
Master of Finance Director’s Award
The Master of Finance Director’s Award is given to an outstanding graduating MFin student based on academic achievement and contributions to the program.
The faculty and administrative staff at Rotman are dedicated to supporting the efforts of each individual student to realize his or her fullest potential. The staff in the Master of Finance Recruitment & Admissions Office, Office of Student Engagement, Registrar’s Office, and Career Centre are available for consultation on all matters relating to the Master of Finance program, including admissions; enrollment; registration; grade or course issues; financial assistance; international programs; career development opportunities; or special advising.
Academic Director: Sergei Davydenko
Managing Director, Specialized Programs: Mohammad Salhia
Director, Student Life Programs and Services: Dana Andrews
Associate Director, Program Services Master of Finance, Graduate Diploma in Professional Accounting: Zarine Ahmed
Program Manager, Master of Finance and Global Executive MBA: Laman Azizova
Director, Recruiting and Admissions: Fiona Duley
Assistant Director, Recruiting and Admissions: Matthew McDonald
Recruiting and Admissions Officer: Nisha Uthayakumaran
Director, Career Centre: Lyla Korhani
Career Coaches: Nazish Sayed and Maria Parente
General Questions/Assistance/Advice: firstname.lastname@example.org