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.