Master of Financial Risk Management

Develop the strengths a fast-moving economy demands – and leading organizations are looking for – in this intensive, ten-month full-time program. At the intersection of risk management and finance, the Rotman MFRM provides an ideal balance of technical expertise and communications skills that will help launch your career.

#1 Program in Canada

— QS World University Rankings: Masters in Finance Rankings 2020

92% employed

— Classes of 2017, 2018 and 2019, 6 months after graduation

Why MFRM
Admissions
Program
Careers
Class profile
Student life
MFRM stories

Get the competitive edge for your finance career

"Risk management expertise is a critical skill required by all financial institutions. This specialization has never been in greater demand."

- Sonia Baxendale, President and CEO, Global Risk Institute in Financial Services

Program overview

The Master of Financial Risk Management is a full-time program that runs from September to June.

Rotman Risk Management project

The applied Risk Management project is a chance for students to tackle a real issue that is relevant and of interest to financial institutions.

Industry connections

As a Rotman student, you'll benefit from the strong ties between the school and the finance industry.

Faculty

The finance faculty at Rotman is a mix of leading academics and seasoned industry professionals. Risk management and trading are core research strengths at the school.

Finance lab

Our state-of-the-art BMO Financial Group Finance Research & Trading Lab allows you to hone your skills. With access to information on the global markets and simulation tools developed by Rotman experts the lab provides opportunities to practice investment, trading and hedging strategies in a simulated environment.

Rotman FinHub: Financial Innovation Hub in Advanced Analytics

Bringing together FinTech practitioners with researchers and students interested in financial innovation issues, the hub explores financial applications of new technologies including blockchain, machine learning, big data and quantum computing.

What we're looking for

Graphic outlining requirements for getting into the MFRM program: Academic Achievement + Strong Qualitative Skills + People Skills + Interest in Risk Management

Admissions criteria

We look for students with strong quantitative skills, a solid academic track record, and a high potential for professional achievement in risk management.

How to apply

Master of Financial Risk Management: how to apply and important deadlines

Admissions Events

Our Master of Financial Risk Management admission events are a fun way to learn more about the program. Connect with faculty, current students and the admissions team. Join us!

Fees and financial support

Learn about the fees and expenses for the MFRM program, and the financial support available to you as a Rotman student.

Photo of the Toronto skyline, showing the Rotman Building's close proximity to the financial district and downtown core

International applicants

Canada, with its sound fiscal situation and solid economic performance is a model for the world and a safe haven in the light of recent financial turmoil. It also happens to be a great place to live. Find out why you should make Toronto, Canada your next home, and the steps you need to take to get here.

Admission Events

We currently have no events for the Master of Financial Risk Management program at Rotman.

Real-world results

Offered over ten months, the MFRM program is designed to prepare ambitious recent graduates and young professionals for careers in risk management and finance. All course are developed with practitioner input.

Program overview

The Master of Financial Risk Management is a full-time program that runs from September to June.

Course descriptions

The curriculum will allow you to master the complex issues involved in risk management and trading. All courses are developed with practitioner input.

Rotman Risk Management project

The applied Risk Management project is a chance for students to tackle a real issue that is relevant and of interest to financial institutions.

Faculty

The finance faculty at Rotman is a mix of leading academics and seasoned industry professionals. Risk management and trading are core research strengths at the school.

Industry connections

As a Rotman student, you'll benefit from the strong ties between the school and the finance industry. Through speaking events with industry executives, an integrated project on a real-world business challenge, and exposure to faculty who span both business and academia, you’ll learn from some of the top leaders in the industry.

Finance lab

The state-of-the-art BMO Financial Group Finance Research and Trading Lab allows you to hone your skills in real time. With access to information on the global markets and simulation tools developed by Rotman experts, the lab provides opportunities to practice investment, trading and hedging strategies in a simulated and highly realistic environment.

Self development lab

Learn how to inspire others into action. The SDL offers an extensive schedule of workshops designed to nurture your communication and interpersonal skills through feedback-based learning.

Fast-track into the finance industry

Located just blocks from Canada's business centre and part of the University of Toronto, the Rotman School is ideally positioned to help you connect with top employers. As a student of the program, you’ll work closely with your coach to achieve your career goals, and to develop the self-marketing tools and strategies that will benefit you throughout your professional life.

92% of graduates from our first two cohorts of the MFRM program (Class of 2017, Class of 2018 and Class of 2019) successfully secured employment within 6 months of graduation.

"In terms of the caliber of the class, you just need to look at my fellow students and what they’re doing now. They’re working in some prestigious institutions – the major banks, the central bank and insurance companies. They’re all covered."

- Jie (Jacky) Chen, MFRM '17, Investment Risk Analyst, OP Trust

Career services

Our career services team will work with you to help you discover and define your vision for professional success. Through one-on-one coaching sessions, career development workshops and employer engagement events, you’ll gain the skills and strategies you need to achieve your goals.

Photo of students during a working session

Careers in risk

Careers in risk management and trading are found throughout the finance and capital markets industries.

Employers and recruiters

Learn more about ways to collaborate, connect and hire an MFRM student.

MFRM advisory board

The board seeks to raise the profile of Rotman’s MFRM program, facilitate networking and employment opportunities for students, and highlight the multiple ways in which the school is engaged in the risk management field.

Master of Financial Risk Management class profile

MFRM classes consist of students progressing straight from undergraduate studies and early career professionals with a few years of related work experience. All students have a strong quantitative background, with studies in subjects such as business/commerce, engineering and economics. Classes are a mix of domestic students and international student representing a number of countries. A number of international students have previously studied in Canada.

Average Age

Gender

Icon - female 57% Icon - male 43%

Work experience

38 % of class with work experience

Average undergrad GPA

3.6

Average GMAT/GRE

703

Not required for admission. Average based on scores from 20% of admitted class.

Professional designation

42 %

of class working towards professional designation such as CFA or FRM.

Academic background

57^% Business/Commerce
13^% Economics
  6^% Engineering
  6^% Math
  3^% Accounting
3^% Statistics
2^% Computer Science

Nationalities represented

Canada
Germany
Mexico
Syria
China
India

Lebanon
Pakistan
Tunisia
Colombia
Saudia Arabia
Yemen

Welcome to the Rotman community

As part of the Rotman MFRM class, you will find yourself challenged and motivated to excel by the calibre of your classmates — peers who will become your lifelong network of friends and business contacts.

As part of the Rotman family, you will also have opportunities to interact with our powerful network of students and alumni who are working professionals and leaders in the finance community.

Student life begins at Rotman with an orientation event. You'll learn about Rotman, meet your classmates, and get to know what you should expect from your MFRM experience.

Case competitions

Rotman students participate in international case competitions – and even organize our own. The Rotman International Trading Competition is just one of the high-profile events hosted at the School each year. Competitions deepen your school experience, and allow you to test and sharpen your skills in real time.

Trading competition

The Rotman International Trading Competition is an annual event that brings teams of students and their faculty advisors from universities worldwide to participate in a unique 3-day simulated market challenge. Participating in the competition is fun and engaging giving you the chance to meet people with the same interests as you from all over the world.

Rotman student clubs

Rotman has a number of different student clubs and associations, run by student that you are able to participate in. They range from clubs around specific industries, regions, and social activities.

Rotman speaker events

Attending events at Rotman is a great way to deepen your knowledge and stay connected to the latest issues in finance and the wider business community. Take advantage of the speaker series events as well as a range of guest speaker events featuring experts from all over the world who publish and write on business matters.