A banner with a blue graphic containing the Asper School of Business logo and the phrase Master of Finance beside an image of a man in a business suit.
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    • Asper School of Business
    • Faculty of Graduate Studies

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    • Master of Finance

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    Expected duration

    • 1 year

Program details

​​​​​Asper MFin students gain accredited, ethics-based academic training that prepares them for a professional career in the financial services sector.

Expected duration: 1 year (3 terms)

Tuition and fees: One year tuition, then continuing fees in subsequent years (refer to Graduate tuition and fees)

The Asper Master of Finance (MFin) is a comprehensive master’s degree that offers preparation for the three CFA exams (Levels 1-3) — all in only one year.

To complete the Master of Finance degree, students must successfully complete 11 courses (30 credit hours). Required courses will be taught over the Fall (starting in early August), Winter, and Summer terms, and the program will require 12 months of full‐time study to complete. This program does not have a thesis requirement.

Students lacking sufficient background in mathematics and spreadsheet skills may be required to participate in online preparatory boot camps prior to starting the first term in the program.

A part-time option is also available.

Sample course offerings

  • ACC 7010: Accounting Fundamentals (3 credit hours)
  • FIN 7000: Managerial Economics (1.5 credit hours)
  • FIN 7020: Corporate Finance (3 credit hours)
  • FIN 7130: Alternative Markets and Instruments (1.5 credit hours)
  • FIN 7140: Financial Modelling (3 credit hours)
  • FIN 7180: Behavioural Finance (3 credit hours)
  • FIN 7152: Investment Policy (3 credit hours)
  • FIN 7080: International Finance (3 credit hours)
  • FIN 7240: Readings in Accounting and Finance (3 credit hours)
  • MIS 5120: Spreadsheet Skills for Management (1 credit hour)
  • MSCI 5110: Basic Quantitative Analysis for Management (1 credit hour)
  • IDM 5120: Career Development Seminar (1 credit hour)

For full course descriptions, please visit the Academic Calendar.

A mentor works with an Indigenous Asper School of Business student at a desk with a computer.

Asper MFin Mentor Program

Coordinated by the Asper Career Development Centre, the Asper MFin Mentor Program provides students the opportunity to connect with leading professionals to expand their network, develop leadership skills and gain a competitive edge with unique Finance specific knowledge.

Admission requirements

To qualify for admission to the Master of Finance program, you must have a minimum of: 

  • A three‐year Bachelor degree from a post-secondary recognized educational institution (in any discipline)
  • A 3.0 admission GPA (on 4.5 scale) on the last 60 credit hours of university degree‐level study
  • Results of the Graduate Management Admissions Test (GMAT) from within the past five years, with a minimum score of 550.
    • The GRE will be accepted with a percentile score across its components equivalent to the current acceptable percentile level of the GMAT. The percentile score on the quantitative section of the GMAT or GRE examinations must be at the 60th percentile or higher. GMAT and GRE scores must not be older than five years.
    • GMAT/GRE scores are not required for applicants who have successfully passed the CFA Level 1 examination
    • GMAT/GRE scores are not required for those applicants who have successfully completed a bachelor degree from the University of Manitoba with a minimum 3.25 GPA and who have also:
      • Completed FIN 2200 (Corporate Finance) at the Asper School of Business with a minimum grade of B+, within the last five years
      • Achieved an average 3.5 GPA across the four Asper finance courses counting toward the finance major requirements within the last five years
  • One of the following English language proficiency test scores from within the past two years, if applicable
    • IELTS: 6.5 (speaking band minimum is 6)
    • TOEFL: 86 (internet) - Minimum score of 20 is required in each of reading, writing, listening, and speaking categories)
    • MELAB: 80
    • CAEL: 60 and 60 on each subject
    • PTE: (A) 61%
    • AEPUCE: 65%
    • CanTEST: 4.5 in listening and reading; 4.0 in writing and oral interview

Graduates of the Asper MBA program with a Finance concentration are not eligible to take this program.

Meeting these requirements does not guarantee acceptance into the program.

In addition to the admission requirements described here, all applicants must meet the minimum admission and English language proficiency requirements of the Faculty of Graduate Studies.

How to apply

The MFin program accepts, reviews and processes applications on a rolling basis throughout the year, for one entry point annually  – Fall (August). Applications are submitted online and must include the following before they will be reviewed by the admissions committee:

  • $100 application fee (non-refundable)
  • Uploaded copies of transcripts from all post-secondary institutions attended
  • Names and emails of two professors whom you have studied with in your previous degree (they will be contacted directly to complete a provided reference questionnaire about you)
  • GMAT/GRE score report
  • Proof of English language proficiency, if required

Please read the Faculty of Graduate Studies online application instructions before beginning your application.

GMAT and GRE resources

The Graduate Management Admission Test (GMAT) and Graduate Record Examinations (GRE) are standardized tests used to demonstrate academic qualification for graduate programs. Applicants to the Asper MBA must provide one of these test scores as part of the admissions process.

Application deadlines

Canadian and US applicants

Term Application deadline Apply
Fall 2021 May 1, 2021 Apply for Fall 2021 (Canada/US)

International applicants

Term Application deadline Apply
Fall 2021 March 1, 2021 Apply for Fall 2021 (International)

Applicants must submit their online application with supporting documentation and application fee by the deadline date indicated. 

Learn more

Contact us

Admission and application inquiries

Faculty of Graduate Studies
Room 500 UMSU University Centre
65 Chancellors Circle
University of Manitoba (Fort Garry campus)
Winnipeg, MB R3T 2N2 Canada

Phone: 204-474-9377
Fax: 204-474-7553

Monday to Friday
8:30 am to 4:30 pm

Program inquiries

Asper MFin Program Office
Room 358 Drake Centre
181 Freedman Crescent
University of Manitoba (Fort Garry campus)
Winnipeg, Manitoba, R3T 5V4 Canada

Phone: 204-474-8448
Fax: 204-474-7544