Applicants must meet the following criteria
1. Appropriate four-year undergraduate degree or equivalent:
Four-year degree in a relevant degree such as, but not limited to, Computer Science, Statistics, Mathematics, Engineering, Physical Science, Economics or Commerce.
Minimum mid-B average (3.0 on the U of T Scale) is required across courses in the final year. It is expected that the GPA of those admitted into the program will be higher than the minimum.
GPA’s are be calculated on the first undergraduate degree. If you have taken additional courses past graduation, or graduate studies those will be considered overall for your application but will not be used for your GPA calculation.
If you studied outside of Canada, consult the School of Graduate Studies’ site for GPA Conversion.
Study impacted by COVID-19
Due to the disruption to academic program delivery arising from COVID-19, we want to provide more clarity to students on how decisions of Credit (CR)/No Credit (NCR) in Winter 2020 might affect their future admission to our programs. Other institutions may have equivalent versions of the University of Toronto’s CR/NCR grade. CR/NCR may therefore be equivalently defined, but not limited to, Pass/Fail, and Satisfactory/Not Satisfactory from other institutions.
The revised admission policies for our existing programs apply only to CR/NCR grades chosen in the Winter 2020 term. For CR/NCR grades chosen in other terms, the admission requirements outlined in the SGS calendar would apply.
Note: We can only provide guidance on admissions to Rotman programs and cannot advise on the need for grades in the future by other graduate programs, professional programs, or employers. Please exercise caution and consult with your academic adviser as you decide whether to opt for CR/NCR in your courses in the Winter 2020 term.
We base admissions to all our graduate program on a wide variety of criteria. We will ensure that no applicant to our graduate Master’s programs is disadvantaged in choosing a Credit (CR)/No Credit (NCR) for courses taken during the Winter 2020 term.
2. Quantitative proficiency:
Evidence of a high level of proficiency (a minimum B average) in quantitative courses that cover subjects is required. Mastery of mathematics including, at a minimum, calculus and linear algebra, is essential, as are courses covering probability and statistics. In cases where evidence of quantitative proficiency is not obvious, applicants must provide supplemental evidence.
3. Computational proficiency:
Demonstrated proficiency in computer programming. This may be demonstrated through a minimum B average in one or more courses in computer science or in courses relying extensively on computer programming. In cases where evidence of computational proficiency is not obvious, applicants must provide supplemental evidence.
When we review MMA applications, we screen for knowledge of statistics and computer science. Before the program begins in August, admitted students must demonstrate their understanding of the following four areas:
- Foundations of Finance
- Financial Accounting
Foundations of Finance and Financial Accounting can be demonstrated through coursework in your undergraduate degree, or by passing CFA Level 1. If you have not completed coursework in these subjects, or do not have CFA Level 1, you can still receive an offer of admission that is conditional on passing a short qualifying assessment for each prerequisite that is missing. Contact us if you have further questions after reviewing the detailed prerequisite information.
Online assessments for both Statistics and Python are required. Rotman will make review materials available for those who receive a conditional offer of acceptance. You will be given access to both the review materials and the assessment. You may choose to write the assessment without reviewing the materials.
All prerequisites will be available shortly after you accept your offer to the MMA program. You will have until early July to complete the assessments.
5. English language proficiency:
Applicants must demonstrate the ability to communicate in English in one of the following ways:
a) An undergraduate degree from a university at which the language of instruction and examination was English
b) Satisfactory performance on a standardized English Language Test. Minimum TOEFL score of 100 is required, with a minimum of 22 in both writing and speaking, or a minimum IELTS Academic Test with a score of 7.0 with at least 6.5 across all bands.
Note: results from the Special Home Edition of the Internet-based TOEFL Test (launched in select countries in March 2020) will be considered from applicants for this application cycle until further notice.
If you have studied at an English-language university outside of Canada, official confirmation of English as the language of instruction and examination from your university will be required.
6. Two academic references:
Two recommendation forms must be completed online by your referees. While both references should be academic, applicants who are applying with some work experience are welcome to submit one academic and one professional reference. We encourage you to have at least one reference from a professor who has taught you in a quantitative course.
7. Online application (includes written essay, video questions and real-time written response):
The application fee is $195 CAD.
Demonstration of academic ability though high GMAT/GRE score is encouraged.
9. Admission interviews
All candidates who are admitted to the program will be interviewed. Interviews are by invitation only.
If you have any questions about your application, feel free to contact our recruitment and admissions team.