DeGroote School of Business

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Let us help you navigate the admissions process. If you don’t see what you’re looking for, contact us. We’re here to support you in your MFin journey.

APPLICATION REQUIREMENTS

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.​

  • Honours (4 year) bachelor degree or equivalent in any discipline with a minimum B+ average (equivalent to a McMaster GPA of 8.5) from an accredited university.​
  • Prefer minimum of one term each of university level calculus, algebra, and statistics. The normal expectation is that these courses have been completed within the last five years.​
  • Minimum GMAT score of 600 or the GRE equivalent.​
  • Resume/CV.​
  • Two reference letters: At least one letter of reference from an academic source, the other letter of reference may be non-academic.​

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.

COMMONLY ASKED QUESTIONS

Can’t find what you’re looking for? Take a look at our commonly asked questions. If you still can’t find an answer, feel free to email us at mfininfo@mcmaster.ca.

Depending on when you submitted your application, you should hear a result within 1-3 months.

You do not need to mail us hard copies of your documents as part of your application. Scanned documents are used for the assessment of your application.

Administrators update the checklist in Mosaic manually. Due to the high volume of applications received, the checklist will not be updated immediately.

If there has been a substantial amount of time since you submitted your documents (more than 2 months) and the checklist still shows them as unverified, please email mfininfo@mcmaster.ca

Our Admission Committee will review all applications received at the end of each round.

Offers will be extended on a rolling basis.

After you submit your application please make sure that you keep an eye on your emails in case our team has any questions about the material that you have submitted.  Also, please ensure that you have released all of your scores (GMAT, GRE and TOEFL) to our institution – 0936 from your testing center.

 

The IELTS or TOEFL test is valid for 2 years from the test date.

TOEFL scores – Please ensure that you release your scores to McMaster University – Institution # 0936.

IELTS scores – Do not need to be officially released to McMaster University.

If you have attended, in full-time academic studies (non-ESL), an accredited English University for your entire 4-year undergraduate degree, you may request that the English Language test be waived.

In this case we will require a clear statement on your transcript; or an official supporting letter from the University institution which indicates that instruction is fully in English language.

Minimum TOEFL score: 92

Minimum IELTS score: 6.5

The GMAT or GRE test is valid for 5 years from the test date.

Please include a copy of your english Test Taker report with your application.

For GMAT scores – Please ensure that you release your scores from your Testing Centre to McMaster University – Institution # 0936 and the DeGroote School of Business Master of Finance Program – Program Code #0D1-LC-57.

For GRE scores – Please ensure that you release your scores from your Testing Centre to McMaster University – Institution # 0936 and the DeGroote School of Business Master of Finance Program.

The highest GMAT score is used in admissions.

The minimum GMAT score is 600.

Students who take the GRE test can find their equivalent GMAT using this tool.

No. This requirement is a mandatory part of the application and will not be waived under any circumstances.

The GMAT is a standardized testing tool widely used for Graduate Admissions. It tests students on their analytical writing, integrated reasoning, verbal reasoning, and quantitative reasoning.

Yes! We do not require that applicants have an undergraduate background in business. Students with 4-year honours degrees in Business, Computer Science, Economics, Mathematics, Engineering and Actuarial Science are encouraged to apply.

If you are unsure if your degree is equivalent to a 4-year honours Bachelor degree, you can check using the World Education Services Degree Equivalency tool.

You may take supplemental degrees through accredited universities to reach the requirement.

While we normally expect these courses to be completed in the last five years, we will consider courses taken earlier than five years ago, together with other academic information submitted by you.

If you have never taken any of the required courses, you may take them through an accredited university (online or in class) part time, and then submit your transcript showing the successful completion of the courses with your application the following year.

Please note that we will not accept Coursera courses for required components. Required courses must be University level courses from an accredited school that are graded.

Our Master of Finance program is a highly intensive program with a heavy focus on Math, and as such we need to ensure that applicants have sufficient background knowledge in this area in order to be successful in the program.

A B+ is equivalent to a McMaster GPA of 8.5, or a percent grade of 75-79%.

Although we appreciate your inquiry, we are unable to provide pre-assessment reviews on potential Master of Finance applications due to a high volume of inquiries. However, our Master of Finance program requirements are the following:

  • 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.
  • Prefer a minimum of one term each of university level calculus, algebra, and statistics. The normal expectation is that these courses have been completed within the last five years.
  • Minimum GMAT score of 600 or the GRE equivalent.
  • At least one letter of reference from an academic source, the other letter of reference may be non-academic.
  • Applicants whose native language is not English and did not complete their most recent degree in English are required to submit an Official English language test. Minimum TOEFL score of 92; or IELTS score of 6.5. Note – for our 2019 class, our average TOEFL score was 100 and the average IELTS score was 7.
  • A copy of your current Resume/CV.
  • No prior work experience is required for our program.

If you feel that you meet or exceed our program requirements, we would welcome an application from you to join our September 2022 class.

If your referee did not receive the notification, you can resend the reference request to your referee yourself. When you log in to the Application Portal, go to the eReference section of your application and click “edit”.  You can then click “Send Reminder”.

 

Your referees will be automatically notified by Mosaic when you add their contact information in your student summary and submit your application.

 

You do not need to submit official copies of your transcripts with your Mosaic application, we will accept unofficial copies. Your unofficial transcript must clearly state the University name, include the grading scale, as well as show your full name.

We only require official transcripts once an offer of admission has been extended to you, at which point you will be required to mail them to us.

You do not need to mail us hard copies of your documents as part of your application. Scanned documents are used for the assessment of your application.

No. Our Master of Finance program does not require a personal statement of interest.

No, the deposit is non-refundable.

No, the application fee is non-refundable.

Our current fees are outlined on our Fees and Funding page.

Over the course of the 16-month program, you are only charged for three academic terms. You are not charged for the summer term as you are on an official scheduled break during this time.

All students are also required to pay a supplemental fee for each academic year. Given that this program is 16 months and spans over two academic years, supplemental fees for both academic years are required.

There is no application required for entrance scholarships.  If your application is successful you will automatically be considered for an entrance scholarship.

Entrance scholarships ranging from $1,000 – $20,000 CDN are available for both domestic and international applicants and are available on a competitive basis based on the students’ academic performance, extra-curricular activities/experiences, and other criteria the MFIN Admission Committee considers to be essential for the program.

International Applicants

Are you an international applicant?

You also need to meet these admission criteria:

Official English language test scores:​

  • TOEFL – Minimum score of 92​
  • IELTS – Minimum score of 6.5

Contact Us

Please feel free to email us for any questions related to the Master of Finance program. We’re here to help!

Application Key Dates and Deadlines

SEPTEMBER 2022 PROGRAM ENTRY

Domestic Applicants
Round 1 October 22, 2021
Round 2 November 19, 2021
Round 3 January 14, 2022
Round 4 February 1, 2022
Round 5 March 18, 2022
International Applicants
Round 1 October 22, 2021
Round 2 November 19, 2021
Round 3 January 14, 2022
Round 4 February 1, 2022

Our application portal for September 2022 entry will open on September 3, 2021. Entrance Scholarships will be awarded at the Admission Committee’s discretion to international applicants who submit their complete application during rounds 1 – 3 only. Domestic applicants will be eligible for an entrance scholarship during all rounds.

Where you can find us!

If you would like to meet with one of our team members to learn more about our program, we will be participating in several events over the next several months and would love to see you!

International Events

We will be attending these Access Masters events (see table) and hope you will be able to join us.

Domestic Events

We will be attending the following events and hope you will be able to join us.

UTM Further Education Showcase – September 7th – December 7th, 2021

University of Guelph-Humber Graduate and Professional Studies Fair – October 4th, 2021

West Coast Virtual Fair – UBC, SFU and Uvic – October 5th, 6th and 7th, 2021

Virtual Graduate and Professional Studies Expo – York University – October 7th, 2021

Graduate and Professional School Fair – Western University – October 14th, 2021

Further Education Fair – Conestoga, Guelph, Waterloo and Laurier – October 20th, 2021

Upcoming Webinars

Interested in MFin but not sure what the next step is?  We invite you to join us for one of our informative webinars!

MFin Application 101 – Thinking about applying to be a part of the September 2022 Master of Finance cohort?  This video will walk you through how to apply to our program as well as answer some of the common questions that we receive.

MFin Q&A with Senior Students – Are you thinking about applying to the Master of Finance program and want to know what it is really like? Here is your chance! Join us on Friday October 29th at 8:30am EST for a roundtable discussion where you will have the opportunity to hear from current students first hand about their experiences in the program!  Register here.

 

 

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Ready to Apply?

Make sure to review our step-by-step How to Apply process before starting your application. If you’re interested in learning more about the application process, when to expect application decisions, and what to do if you’ve been accepted into our program, we encourage you to take a look at our program brochure.

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