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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.

Get the competitive edge for your finance career

Over the past decade, changes across the global financial system have created a growing demand for professionals who can define, assess and manage risk. 

The Rotman Master of Financial Risk Management is a focused degree designed for quantitatively-strong students eager to hone their skills for the innovation-focused economy.


"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


Student during class

Program overview

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

Student Presenting

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.

Networking

Industry connections

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

John Hull

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.

MFin Lab

Finance lab

Our state-of-the-art BMO Financial Group Finance Research and Trading Lab allows you to hone your investment, trading and hedging strategies through access to information on the global markets and tools developed by Rotman experts.

Master of Finance

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
Students Talking

MFRM 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.

Webinar

How to apply

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

Student Event

MFRM 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!

Financing Your MBA

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.

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 courses are developed with practitioner input.


Student during class

MFRM Program overview

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

Classroom Discussion

MFRM 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.

Student Presenting

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.

John Hull

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.

Team Meeting

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.

MFin Lab

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.

Students talking

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.

MFRM Ambassador Blog Timeline page

MFRM Student View

This page is divided by the program structure, in which you are able to navigate the diverse student experiences through each and every step of the MFRM program.

Transform your potential

 

In a competitive market, it takes serious focus, drive and leadership to take your career to the next level. 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. 

Download the MFRM Program Brochure

Prepare for Career Success

 

 

95%

of MFRM students (graduating between 2017-2020) were employed within 6 months of graduation.*

17,500+

Rotman alumni worldwide

#1

The University of Toronto is the top university in Canada according to the Times Higher Education World University Rankings 2021*

 

Getting ahead

Our dedicated Career Services team is committed to working closely with you to achieve your career goals, and to develop the self-marketing tools and strategies that will benefit you throughout your professional life.

 


 

"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


 

Ways to engage

 

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.

Career services provides students with career support through a range of offerings:

 

Individual career coaching appointments

  • Self-assessment and defining your career objectives
  • Resume and cover letter review
  • Networking techniques
  • Interview preparation
  • Behavioural Mock interviews
  • Job offer and negotiation advice

Career and professional development workshops

  • Crafting your professional networking pitch
  • Advanced LinkedIn training
  • Technical interview preparation
  • Mock interviews with industry professionals
  • Career panels and workshops in risk and finance

Employer engagement opportunities 

  • Exclusive networking events 
  • Mock interviews with industry panels
  • Career panels
  • Industry-specific speaker events
  • Career panels and workshops in risk and finance

Online career resources

  • Research tools
  • Career development webinar and videos

As a graduate of the Rotman MFRM program you will have lifelong career support that will benefit you throughout your entire professional career.

 

Graduate profiles

 

Careers in risk

As a graduate, you will be well-positioned for career opportunities in risk management, as well as any area of finance that requires a thorough understanding of financial theory, and well developed quantitative and analytical skills.

Roles graduates have secured varied roles in a number of industries, including:

Asset Management

Banking

Consulting

Fintech

Insurance

Regulators

 

Learn More

Students in a classroom

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.

Networking

Industry connections

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

Master of Financial Risk Management, Class of 2022 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

23


Gender

Icon - female 53% 


Work experience

53% of class with work experience 


Average undergrad GPA

3.6


 

Average GMAT/GRE

717

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


Professional designation

26%

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


Academic background

Business/Commerce - 55%
Math - 26%
Engineering - 6%
Accounting - 5%
Economics - 5%

Computer Science - 3%

Nationalities represented

Canada
Bangladesh
China
Cyprus
Hong Kong
India
Ivory Coast
Lebanon
Mexico

Pakistan
Poland
Sri Lanka
Turkey
United States


International/Domestic Students

"" 56% "" 44%


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.


Student Competition

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

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.

Group of Students

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.

Public Speaker

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.

Read about MFRM students, alumni and the Rotman School

What is it really like to be part of an MFRM class? Find out by reading about the experiences of current class members and graduates.


"Your classmates are the future leaders of the finance services industry."

- Djordje Calic, MFRM '19, Analyst, Financial Trading, TransCanada


Image of MFRM students

MFRM ambassadors

Hear from current Master of Financial Risk Management students on why they decided to choose Rotman as the launchpad for their career.

Image of MFRM students

MFRM Student & alumni stories

At Rotman, our students are our key strength. Learn more about them in regularly updated feature stories.

MFRM blog

Read articles about current students, faculty, and the MFRM program.

Rotman in the news

Each week, our faculty share their groundbreaking research, published work and their authoritative insight into an exceptionally wide range of management issues. Take a moment to find out what's happening this week at Rotman.

Rotman's Master of Financial Risk Management

Hear the alumni, faculty and industry view on the Rotman MFRM


Ready to Hire Rotman Talent?

Our Career Services team makes it easy.


Your path to the MFRM

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Connect with our Admissions Team

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Attend an Admissions Event

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Download our Brochure

   

Final application deadline: February 8, 2023

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Key Facts

Duration

  • 10 months, full-time

Intake

  • September, one intake per year

Tuition fee (2022 entry)

  • Domestic = $39,850 CAD
  • International = $70,370 CAD 

Employment rate

  • 95% (Class of 2021, within six months of graduation)

Ranking

  • #1 in Canada
  • #4 in North America
  • #18 in the world

QS World University Rankings: Masters in Finance Rankings 2023




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