Schulich School of Business - York University
Schulich School of Business - York University
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About this program
Master of Finance (MF)
The Schulich Master of Finance (MF) provides students with the robust real-world training and analytical foundation needed for a rewarding career in modern finance.
Students will develop their understanding of corporate finance, risk management, private equity, compliance and more. Courses place a strong emphasis on real-world applications and context. Critical topics in governance, ethics and the legal aspects of finance are embedded in the MF curriculum.
Students also participate in Finance Research Seminars and the Professional Seminar Series, with courses in Ethics and Governance and options to specialize in Capital Markets or Financial Risk Management.
The Schulich MF is a program partner of the Chartered Financial Analysts (CFA) Institute, the global industry standard for finance professionals. The MF curriculum covers a significant portion of the CFA’s body of knowledge, enabling students to prepare for all three levels of the CFA as they pursue their MF. Students also benefit from CFA online resources, scholarships and industry networking events.
The Schulich MF is a program partner of the Financial Risk Manager (FRM) designation offered by the Global Association of Risk Professionals (GARP). The MF curriculum covers at least 70% of the FRM’s level one exam, preparing students for the two levels of the FRM exams after completing the MF degree. Students are entitled to use GARP online resources free of charge. They are also eligible to apply for GARP’s scholarships and fellowship. In addition, they can join GARP’s networking events.
The general admission requirements for the MF are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in each program is limited. A holistic approach is taken during the application review process and all components of the application are thoroughly reviewed.
An undergraduate degree from a recognized post-secondary institution with a minimum B+ average in the last two full years (or equivalent) of academic work.
- Applicants with 3-year degrees may be considered for admission with one year of work experience
A strong quantitative background
- Applicants may demonstrate the required level of quantitative skills via the completion of at least two 3-credit courses at recognized institutions from these fields: calculus, statistics, economics, linear algebra, probability theory, or other quantitative courses.
- A 3-credit course consists of at least 36 hours of instruction. Both courses must be 2000-level courses (i.e. second year courses) or higher.
Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE)
- Acceptable scores on all measures of the GMAT or GRE
- To send your scores for these tests to us please use the following codes: GMAT code Z75-X8-02 or GRE code 569
- Candidates who have completed CFA Level 1 or higher, candidates with a CPA (Canada) designation, and graduates from the Schulich School of Business BBA program with a B+ or higher GPA in the last two years of the program are exempt from this requirement.
- Post degree work experience is recommended but not required
- One year of full-time, post-graduate work experience required for applicants holding 3-year degrees
Completion of the online application which requires:
- Essays (2 written, 1 timed written, 2 videos)
- An up-to-date resume
- Two references
- Unofficial copies of transcripts from all previously attended post-secondary institutions*
- Unofficial copies of GMAT or GRE scores*
Proof of English language proficiency is required if studies were not completed in English.
- IELTS (Academic Test) - 7.0 overall (minimum 6.5 on each dimension)
- TOEFL - 100 iBT (minimum 23 on each dimension) Schulich’s TOEFL code is B710 with Department Code 02
- Applicants who have completed at least two years of full-time study at an accredited university in a country (or institution) where English is the official language of instruction are not required to submit an English proficiency test.
- Strong applicants whose first language is not English and do not meet the above language requirements may be considered for admission with the condition of completion of the MBA/Specialized Master’s Preparation Program offered by the York University English Language Institute.
Does this course require proof of English proficiency?
The TOEFL iBT® test is accepted by 11,500 universities and higher education institutions in over 160 countries. Book your test today!
Term 1 (Fall)
- Intermediate Financial Accounting For Finance Majors
- Econometrics Of Financial Markets
- Research Seminar Series
- Capital Markets
- Professional Seminar Series
- Financial Management And Valuation
- Institutional Wealth Management
Term 2 (Winter)
- Research Seminar Series
- Professional Seminar Series
- Options, Futures & Other Derivative Securities
Term 3 (Summer)
- Analysis Structured Products Using Excel
- Corporate Governance And Securities Law
- Financial Risk Management
- Ethical Decision-making For Finance Professionals
Scholarships & funding
Several scholarship options are available. Please check the university website for more information.
- Full time fee for Domestic Students: $17,995 CAD per Term/Semester
- Full time fee for International Students: $28,041 CAD per Term/Semester
MF students will cover a significant percentage of the curriculum requirements for all three levels of the CFA exam throughout their program.
Schulich's CFA partnership also provides students with access to specialized online Level I sample exams, scholarships, the Financial Newsbrief and other CFA publications. All graduates will be well equipped to successfully challenge all three levels upon completion of their degree program.
The Schulich MF program will equip you with the specialized finance knowledge to be a leader in today’s complex business environment. Recruiters value the technical expertise, financial decision-making and communication skills of Schulich MF graduates.
Throughout the MF program, you will also have access to the Centre for Career Design (CCD). As Schulich’s in-house team of certified Career Coaches and Industry Advisors, the CCD offers a wealth of innovative programs, resources and individualized coaching to help you launch your career. Meet alumni, recruiters and industry leaders at corporate information sessions and other CCD events and enjoy online access to the very best career tools available.
Your Schulich MF program will open up opportunities for you in Investment Banking, Private Equity, Consulting, Risk Management, Market Risk, Fixed Income and Asset Management among others. Coupled with your financial modeling training and Bloomberg learning, you will bring a heightened level of financial expertise to your career.
Our MF could lead you to an exciting career in an organization such as
- National Bank
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About this institute
Schulich School of Business - York University
The Schulich School of Business, based in Toronto Canada, has been consistently ranked as the number one business school in Canada by organizations like The Economist Magazine, CNN Expansion and Forbes. At the undergraduate level, Schulich offers a Bachelor of...
Why study at Schulich School of Business - York University
- Canada’s Global Business School™: Overseas campuses in Hyderabad, India and Beijing, China as well as Satellite Centres in Beijing, Shanghai, Mumbai, Seoul, Sao Paulo and Mexico City
- Global Academic Partnerships: Students can study abroad at one of more than 80 leading management schools in 40 countries
- A Worldwide Alumni Network: 33,000+ alumni working in more than 90 countries and 93 alumni chapters in over 60 countries.
- Cutting-Edge Specializations: One of the broadest ranges of business specializations of any business school – 18 in total
- Groundbreaking Programs: North America’s first-ever cross-border executive MBA degree and one of the world’s first degrees in Business Analytics (MBAN)
- Unique Flexibility: Students can switch seamlessly between part-time and full-time study to balance changing career, lifestyle and school demands.
- Student Diversity: One of the most diverse student bodies of any MBA program in North America
- Faculty Diversity: More than 60% are international, coming from close to 30 countries and speaking in excess of 35 languages
- Program Diversity: Multi-stakeholder perspectives on business and a focus on for-profit, nonprofit and public sector organizations.
Schulich School of Business - York University
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What is an MF degree? ›
But a more focused alternative that is becoming increasingly popular is a master's degree in finance—also known as Master of Finance, Master's in Finance, or simply MF.What is the full form of MF in MBA? ›
Master of Finance degree:
The MF programs don't require any previous work experience, therefore, MF students tend to be younger than MBA students. MF programs are becoming more popular, as they are shorter. Generally speaking, the course is just one year of full-time study.
The answer is, it depends: If you are looking to work in finance academia, you should put your degrees behind your name i.e., MST, MSF, MSA, MBA, MA, etc. If you are looking to work in private sector finance, you should only put professional designations behind your name, CPA, CFA, CFP, etc…Is Master in Financial Management worth it? ›
Opens The Door For Entrepreneurial Opportunities
A master's in finance can help you build a successful career, even if you don't plan to work directly in finance. Through the program, you'll learn advanced financial and business skills and techniques that go well beyond your basic business degree.
The degree of difficulty in a Masters program in Finance depends on the person and the amount of discipline they have as a student. The lessons of the Masters degree often involve real-world, career-based courses taught by experienced professors who may have, at one time, served in fiduciary roles within a corporation.Which is better MBA or MSc in Finance? ›
While MS Finance is a more finance-oriented course and helps a person to acquire knowledge on diverse finance related topics. Career-wise, MBA finance degree holders can look out for jobs in areas apart from finance, whereas MS finance are less likely to find better job opportunities beyond the finance sector.What is MF in Deloitte? ›
Mutual Fund Industry in India | Deloitte India | Financial Services.How do I become an MF manager? ›
To enter into the fund management field, a candidate primarily requires an undergraduate degree in a relevant field like commerce, business, economics, or mathematics. Eventually, they can advance the career path by gaining experience, higher degrees, applicable licenses, and certifications like CFA.How do I become an MF? ›
- Register for the NISM exam. Candidates wishing to become MF advisors should first register for the National Institute of Securities Market (NISM) VA Mutual Funds Distributors Certification Exam. ...
- Pass the NISM Exam. ...
- Know Your Distributor. ...
- Register with AMCs or Distributors.
The official title is "Master of xxx" for someone who has attained a Master's degree in a given topic. I have also heard the phrase "Mistress of xxx" been used for a female; though I cannot speak to whether it is a traditional title.
What letters go after my name with a Master's degree? ›
Master of Arts / M.A. Master of Education / M. Ed.What do I put after my name if I have a Master's degree? ›
- M.A. or A.M. – Master of Arts.
- M. Acc. or M. Acy.
- M. Arch. – Master of Architecture.
- M. Aqua. – Master of Aquaculture.
- M.A. Ed.
- M.A.L.S. or M.L.S. – Master of Arts in Liberal Studies.
- M.A.S. – Master of Advanced Study.
- M.A. Sc. or M.A.S. – Master of Applied Science.
MBA graduates typically draw a higher salary due to their greater experience. The average salary of someone graduating with an MS in Finance would be approximately in the range of $62,000 – $86,000 whereas that of an MBA grad would be upto $1,50,000 or higher depending upon the job position and experience level.Is Master of Finance better than CFA? ›
While the Master's in Finance provides more general knowledge and is better suited for those who practice in more general fields in the business and financial sector, the CFA program is particularly tailored to those who need more specialized skills, such as investment analysis, portfolio strategy, and asset management ...Who earns more MBA or MS Finance? ›
Average Salaries: MS vs MBA
The salary that an MBA graduate gets is definitely more than the salary of an MS graduate. On average, MBA students can hope to make about $100,000 or higher every year, if they graduate from a good business school.
Some of the main math-related skills that the financial industry requires are: mental arithmetic (“fast math”), algebra, trigonometry, and statistics and probability. A basic understanding of these skills should be good enough and can qualify you for most finance jobs.What jobs can I get with a masters in finance? ›
- Financial advisor.
- Financial broker.
- Financial planner.
- Finance and insurance consultant.
- Business manager.
Knowledge of basic calculus, for example Calculus and Vectors A, and ordinary differential equations is essential, Calculus and Applications A. Knowledge of partial differential equations is highly desirable, for example Partial Differential Equations and Vector Calculus A.Is MSc higher than MBA? ›
The MBA is targeted at those who have dipped their toes into the professional world, while a specialized master's degree – be it an MSc or a MIM (Masters in Management) – is for pre-experience candidates who may have only recently completed an undergraduate degree.Why CFA is better than MBA? ›
Traditional MBAs are broader than the CFA program, covering topics such as management, marketing, and strategy. The CFA program, on the other hand, provides deeper coverage of investment management. Ultimately, the decision on which one to pursue depends on what one's career goals in finance are.
How much does a Master in finance earn in the US? ›
|Senior Financial Analyst||Range:$68k - $103k||Average:$84,502|
|Finance Manager||Range:$81k - $140k||Average:$112,228|
|Investment Analyst||Range:$46k - $103k||Average:$69,332|
|Vice President (VP), Finance||Range:$96k - $199k||Average:$148,589|
What are mutual funds? A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds.What is MF analyst? ›
Mutual fund analyst refers to the person who conducts the research of the market or the market analysis, quantitative and qualitative analysis of the mutual funds, reviewing the financial statements of the different entities in order to provide advice to their clients for making sound investment decisions.What is MF rank? ›
Companies with the lowest combined rank are recommended for purchase, usually the top 30 companies. In the screener the Magic Formula value is called MF Rank.Are fund managers well paid? ›
Hedge fund manager pay is often far higher than the basic salary reported, enabling it to attract finance professionals from investment banks to work as portfolio managers within hedge funds. The highest-paid partners or directors of a hedge fund can have earnings of several million or tens of millions of pounds.Do mutual fund managers make money? ›
The top fund managers in the industry have been known to bring in $10 million to $25 million per year in exchange for employing envious stock-picking skills. Fund managers receive additional income based on the total assets under management.Is a fund manager a stressful job? ›
Long hours, intense competition, divorce, stress, and even substance abuse – these are some of the issues that can typically affect portfolio managers. In the office, they face volatile global markets, increased regulation, and client demands; outside, they're expected to be reliable spouses and good parents.How long does it take to get an MF? ›
Some brokerages and fund companies require orders to be placed earlier than the market close, while others allow same-day execution right up to the market close. The settlement period for mutual-fund transactions varies from one to three days, depending on the type of fund.How does a MF work? ›
A mutual fund is a pool of money managed by a professional Fund Manager. It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments and/or other securities.How does MF make money? ›
Mutual funds make money by charging investors a percentage of assets under management and may also charge a sales commission (load) upon fund purchase or redemption. Fund fees, called the expense ratio, can range from close to 0% to more than 2% depending on the fund's operating costs and investment style.
Is an MFA like a doctorate? ›
An MFA is considered a terminal degree, similar to professional degrees granted in other fields, such as the Doctor of Philosophy or the Doctor of Education, according to guidelines established by the College Art Association of America (CAA).Is an MFA higher than a masters? ›
Of the two degrees, the MFA is held in higher regard. MFA programs are known for rigor, and admission is more selective, which sets MFA recipients apart from MA graduates. Completing an MFA confers special recognition in the artistic community that may even offer a career advantage.Can I put MFA after my name? ›
The same goes for fine arts. Yes, PhDs are available, but most organizations prefer the MFA. Therefore, you can put “MBA” or “MFA” next to your name without worry.How do you say you have a master's degree? ›
You can also say “I hold a master's degree in public health.” In this case you wouldn't capitalize the “m” in “master's” since you are not stating the formal name of the degree but you would include the possessive apostrophe.Should you put your master's degree in your email signature? ›
Unless the degree or certifications you have obtained is relevant to your job, they should not be used in email signatures. Only add certifications your company has achieved in the past five years for professional email signatures.What are the 4 types of degrees? ›
There are generally four categories of college degrees: associate degree, bachelor's degree, graduate degree, and doctorate or professional degree.Can someone with a master's degree be called Master? ›
If you're speaking of a specific degree, you should capitalize master and avoid creating a possessive: Master of Science. The same rules apply to a bachelor's degree.Is an MBA harder than a Masters? ›
Is an MBA harder than a master's? The difficulty of a program depends entirely on the institution. Both an MBA and master's in business are graduate-level programs, and meet the same rigorous academic standards.What finance degree makes the most money? ›
- Financial Manager. Salary Potential: $208,000. ...
- Personal Financial Advisor. Salary Potential: $208,000. ...
- Securities, Commodities, and Financial Sales Agents. Salary Potential: $208,000. ...
- Actuaries. Salary Potential: $186,110. ...
- Financial Analyst. ...
- Accountant/Auditor. ...
- Budget Analyst. ...
- Cost Estimator.
Earning an MBA is intense, and there will be stressful moments no matter what you do. Making your MBA experience a success depends upon a thoroughly researched understanding of how your program's resources can help you achieve your professional goals.
Is CFA harder than CPA? ›
Many students ask, “CFA vs CPA which is harder?” Although the CFA and CPA pass rates are very similar many candidates feel the CPA is a harder exam and certification to obtain. The CPA certification is typically viewed as more difficult than the CFA because it covers a broader set of topics.Which is harder CFA or MBA? ›
Also, the difficulty level is quite high and increases as you pass the subsequent levels. The overall pass rate of CFA is 34.6%. MBA: The difficulty level of an MBA is low as compared to CFA but it is a hectic program.Which is better CPA or CFA? ›
CFA® Program vs. CPA. The certified public accountant (CPA) credential is well established but is primarily associated with careers in accounting. The CFA Program is designed to advance investment careers and provides deep knowledge of investment analysis and portfolio management as well as professional ethics.What do you call someone with a MA degree? ›
A master's student is called a graduate student or “grad student” for short. A student still studying for a bachelor's degree is called an undergraduate student or “undergrad student.”What is the difference between MBA and Masters? ›
Both a Master of Business Administration (MBA) and a Master of Science (MS) degree can offer a comprehensive graduate-level business education, however an MBA will provide an interdepartmental look at how businesses run, while an MS will provide a nuanced understanding of one particular area of business.What is an MML degree? ›
A Master of Laws (M.L. or LL.M.; Latin: Magister Legum or Legum Magister) is an advanced postgraduate academic degree, pursued by those either holding an undergraduate academic law degree, a professional law degree, or an undergraduate degree in a related subject.What is the difference MBA and Masters? ›
While they share many similarities, the important distinction is that an MBA is simply a type of master's degree in general business administration, while a master's degree in business involves more concentrated study in areas like accounting, business analytics, or human resources.Is a MA higher than a PhD? ›
After earning a master's degree, the next step is a PhD, which entails both working and performing research at an institution. A PhD is an abbreviation for “Doctor of Philosophy.” It is the highest academic degree one can achieve.Do you put MA after your name if you have a Masters? ›
“The only academic credentials (degrees) that you should list after your name at the top of the résumé should be doctorate level degrees, such as MD, DO, DDS, DVM, PhD, and EdD.Is a MA higher than a BA? ›
A Master's degree is the most common type of postgraduate qualification, and involves a more in-depth level of study than a Bachelor's degree. They're designed to focus on a specific area of a wider subject – and they can either be taught or research based courses.
Which pays more Masters or MBA? ›
We'll get straight to the point: Starting salaries for graduates of MS programs are around $20k lower than starting salaries for MBA graduates. So while a specialized master's degree may cost less up front, it may cost you way more in lower wages.Which is harder MBA or Masters? ›
Ans. There is no comparison between the difficulty of MBA vs masters as both degrees are suitable for students based on their aptitude. If you have some professional work experience, an MBA degree will be quite easy for you to understand compared to a master's degree.Who earns more MBA or Masters? ›
Higher pay scale
The average income for an individual with an MBA program is much higher than a person with an MS program. You can expect to earn a lot when you have an MBA degree.
Master's degree holders enjoy greater job security and earn higher salaries than their counterparts with only an undergraduate degree. In addition, a master's degree can open the door to new career opportunities and provide the opportunity to develop new skills.Can you get an LLM without a JD? ›
Yes, while you must have a bachelor's degree or an equivalent to apply to the Illinois LLM program, that degree does not need to be in law. Individuals without a first law degree should be aware that even with a LLM degree they may not be eligible to take a U.S. bar exam.What are the two types of masters degrees? ›
The Master of Arts and the Master of Science degrees are two of the most common Master's Degrees obtained. Many subjects such as Economics can fall in both the MA and the MS degrees depending on how the university classifies them and how they have built the curriculum.Which MBA has highest salary? ›
Which MBA Has the Highest Salary? Three of the most paid MBA specialisations include- MBA in Business Analytics, MBA in Finance and MBA in Entrepreneurship. The salaries for each of these disciplines broadly lie in the range of 70,000 USD to 90,000 USD or 60,00,000 INR to 90,00,000 INR per annum.Is Masters cheaper than an MBA? ›
Which is cheap? State University Vs Private Schools. MS tuition fee is typically much cheaper than MBA. Business schools have their own course fee structure.Is an MBA worth it if you have a Masters? ›
An MBA is only worth the expense, time, and effort when the graduate plans to work in a business-related field, in management, or as a company founder. An MBA may not be useful for those working in other industries unless they are in management or leadership roles.