Master of Financial Risk Management

Develop the strengths that a fast-moving economy demands – and leading organizations are looking for – in this intensive, eight-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.

Rotman Advantage
Getting in
Program
Class profile
Careers
Student life

Get the competitive edge for your finance career

"There is a dramatic increase in the need for experts in risk management and compliance. This program will produce the specialized talent that the finance industry demands."

- Richard Nesbitt, CEO of Global Risk Institute for Financial Services and former Chief Operating Officer of CIBC

Program overview

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

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. During a two-month period halfway through the program, project placements take students out of the classroom and into industry, allowing them to work in-house with practicing risk management professionals.

Image of students with risk management professional

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 thought leaders in the 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.

Getting in

What we're looking for

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.

Master of Finance classroom shots, Rotman School of Management, University of Toronto

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 aid

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

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.

Program

Real-world results

Offered over eight 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 April.

Course descriptions

The Master of Financial Risk Management 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

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

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.

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

Range 20-28

23 Icon - female 58% Icon - male 42%

714

Average GMAT/GRE

Not required for admission.
Average based on scores from 23% of admitted class.

Average Undergrad GPA

3.7

47%

of the class is working towards a professional designation such as CFA or FRM

Academic background

Countries represented

Bahrain
Canada
China

Hong Kong
India
Kazakhstan

Pakistan
Saudia Arabia
Slovenia

Map of the world highlighting the countries where MFRM students are from

Meet our students

During their eight months at Rotman our students develop the skills needed to start their career. Once they graduate they become part of the wider Rotman community and part of the professional network for future graduates of the program.

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 our staff to achieve your career goals, and to develop the self-marketing tools and strategies that will benefit you throughout your professional life.

94% of graduates from our first two cohorts of the MFRM program (Class of 2017 and Class of 2018) 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

Careers in risk

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

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 and career education workshops, you’ll gain the skills and strategies you need to achieve your goals.

Image of the Dean speaking to MFRM students

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.

Employers and recruiters

Created in response to the need for specialized talent in risk management and compliance that the finance industry demands, our eight-month program will enable students to master the complex issues involved in risk management and to accelerate their own career trajectory.

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.