Admissions

Finance drives growth, informs strategy, and shapes how organizations succeed in competitive markets. The MFin program at DeGroote prepares future-focused financial leaders by combining technical expertise with practical, real-world skills. Students are challenged to think critically about finance while gaining the tools to launch or advance their careers.

Admission is competitive, and meeting the minimum requirements does not guarantee acceptance. Each application is reviewed holistically, with all components carefully considered by the Admission Committee.

Our admission requirements for the Master of Finance (MFin) program are listed below. Meeting the minimum admission requirements does not guarantee admission, as we have limited space each year. Our Admission Committee takes a holistic approach during the application review process and all components of the application are given a thoughtful and thorough review.

Education

Honours (4-year) bachelor’s degree or equivalent in any discipline with a minimum B+ average (equivalent to a McMaster GPA of 8.5) from an accredited university. Applicants must have also completed a minimum of one university-level course in each of 1) Finance or Economics, 2) Mathematics and 3) Statistics. The normal expectation is that these courses have been completed within the last five years.

Quantitative Proficiency

Applicants must demonstrate quantitative proficiency to excel in the rigorous curriculum of the program. Applicants can prove their proficiency by completing one of the following:

• GMAT test (10th edition) with a minimum total score of 600 and a quantitative percentile of at least 60%
• GMAT test (11th edition/Focus Edition) with a minimum total score of 555 and a quantitative percentile of at least 60%
• GRE test with at least 60% in quantitative reasoning
• Successful completion of university courses in areas such as Mathematics, Statistics, Probability, Econometrics, or related disciplines. Applicants using this option are asked to upload a one-page document listing the courses that reflect their quantitative proficiency in lieu of the GMAT/GRE test report.

English Language Proficiency (ELP)

Applicants must provide a valid TOEFL (minimum overall score of 92) or IELTS Academic (minimum overall score of 6.5) test to prove you are proficient in the English language. TOEFL and IELTS scores are valid for 2 years from the test date.

• You are exempt from submitting an IELTS or TOEFL test if you have attended, in full-time academic studies (non-ESL), an accredited university for your entire undergraduate degree where English was the language of instruction.
• If the university is located outside of North America, a clear statement on your transcript or a letter from the institution confirming the language of instruction is English must be included when you submit your application.
• Applicants who attended a university in North America may be asked to provide proof of English Language Proficiency if we are unable to confirm the university’s language of instruction or if we find that the university has more than one language of instruction.

Additional Requirements

• Resume/CV.
• Two reference letters: At least one letter of reference from an academic source. The other letter of reference may be professional.
• Interview: Upon receiving your application, we will send you the link to complete your online interview. The interview consists of pre-recorded questions that you will answer and submit.

Please note that our program does not require work experience.

You do not need to submit a Personal Statement of Interest or a Writing Sample.