Admission to the Master of Finance program will be based on the following criteria:
- At minimum, a four‐year Bachelor degree from a postsecondary recognized educational institution, in any discipline (a three-year Bachelor degree may be considered on a case-by-case basis);
- At a minimum, 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), 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.
NOTE: Applicants holding a BComm(Hons) degree from the Asper School of Business with a minimum 3.25 admission GPA are not required to provide a GMAT or GRE score if either a minimum grade of B+ was received in FIN 2200 (Corporation Finance) or an average grade point of 3.5 was achieved across the four finance courses counting toward the finance major requirements. Either FIN 2200 OR the four elective courses must have been completed in the past five years.
- Language proficiency. Applicants holding secondary school diplomas and/or university degrees from Canada, or from one of the countries on the English Language Proficiency Test Exemption list are exempt from the English Language Proficiency Test requirement. If you do not qualify for an exemption, you must provide an official score from one of these accepted tests:
- IELTS 7.0 (no band score less than 5)
- TOEFL 100 (internet); 600 (paper based)
- MELAB 85
- CAEL 60
- PTE (A) 65
Scores older than 2 years are not acceptable;
- Two letters of recommendation from persons who are knowledgeable about the applicant's academic ability.
Advantages for Asper BComm Graduates
Asper BComm students may enjoy the following advantages in admission:
If your admission GPA is 3.25 and above AND you scored either a B+ in Corporation Finance (in the last five years) OR an average of 3.5 on your four finance major courses (FIN 3410, FIN 3480, FIN 4400 or one of the FIN 3400, FIN 3450, FIN 3460, FIN 4240, FIN 4250 - in the last five years), you are exempt from writing the GMAT.
If you took Financial Modelling (FIN4240) and/or Behavioural Finance (FIN4250) in your Asper BComm in the last five years and earned at least a B in the course(s), you will be exempted from this course(s) in the MFin, reducing your program course load to only 9-10 courses (24-27 credit hours).
Advantages for Asper MBA Graduates
Asper MBA program graduates with a non‐Finance/non-Financial Analyst specialization are eligible for a maximum of 7.5 credit hours of exemptions in the MFin.
Exemptions for Asper MBA program graduates can only be applied to:
- FIN 7000 (Managerial Economics)
- FIN 7020 (Corporate Finance)
- ACC 7010 (Accounting Fundamentals)
MBA courses considered for exemption must have been completed in the last five years with a minimum grade of C+.
Graduates of the Asper MBA program with a Finance or Financial Analyst specialization are not eligible to take this program.