Introduction
The Master of Finance (M.Fin.) program at the McGill University Desautels Faculty of Management is a rigorous and intensive one-year program designed to provide students with the skills and knowledge necessary for a successful career in finance.
The McGill Mfin program offers a comprehensive curriculum that covers a wide range of financial topics, including corporate finance, investment management, risk management, and financial engineering. Students also have the opportunity to customize their education through elective courses that cater to their specific interests.
The program attracts a diverse cohort of students from around the world, with varied academic and professional backgrounds. This diversity creates a dynamic learning environment that encourages students to share their experiences and perspectives, fostering collaboration and growth.
| Tuition Fees | $63,362 CAD |
| Program Length | 16 Months |
| Program deadline | 15 January 2024 |
| Application Fees | $ 80 CAD |
McGill University MMF Class Profile
The class profile for the Master of Finance (M.Fin.) program at McGill University typically includes a diverse group of students from around the world. The entering McGill MFin class of 55 students (25 females, 30 males) speak 15 different languages and come from 7 different countries. Their academic backgrounds are as broad, with pupils having degrees in economics, engineering, and finance, among other fields. The McGill MFin program attracts a diverse and talented group of students with a passion for finance and a commitment to excellence.
| Class Size | 55 |
| Average GPA | 3.75 |
| Women Diversity | 25 Females out of 30 |
| Average GMAT Score | 694 |
| Countries Represented | 7 |
Acceptance Rate
McGill MFin offers unique flexibility that fosters a varied and multidisciplinary learning environment. Students without prior work experience or a foundation in finance are welcome to apply to the MFin. The acceptance rate for this program varies from 14% -15%.
Program and Curriculum
The McGill Business School offers a Master of Finance (M.Fin.) program, designed to equip students with the necessary skills and knowledge to succeed in the finance industry. The McGill Mfin program is highly competitive and attracts students from around the world. The M.Fin. program is a full-time, 12-month program that consists of 45 credits. The coursework is designed to provide students with a comprehensive understanding of finance, as well as to develop their analytical and problem-solving skills. The program consists of both core courses and electives.
Core Courses
Here are the core courses of this program.
| Courses | Description |
| Financial Statements | Students learn how to analyze and interpret financial statements to make informed financial decisions. This course is fundamental for anyone interested in finance, accounting, or business. |
| International Capital Markets | Students learn about foreign exchange markets, international investments, international risk management, and the dynamics of capital flows across borders. Understanding these markets is essential for businesses and investors with global interests. |
| Applied Finance Project | Students typically work on real-world financial issues, applying the knowledge and skills gained from previous coursework to solve practical problems. It may involve financial analysis, portfolio management, investment recommendations, or other finance-related projects. |
Electives
Here are the electives you can choose from.
| Electives | Description |
| Financial Economics | Application of economic principles to financial markets, investment decisions, and financial institutions. |
| Advanced Topics in Finance 1 | Specialized or current topics in the field of finance, providing a deeper understanding of particular areas of interest. |
| Investments | Principles and strategies involved in making investment decisions. Covers investment vehicles, portfolio management, risk assessment, and asset allocation. |
| Mergers and Acquisitions | Exploration of strategies and processes involved in corporate mergers, acquisitions, and other forms of corporate restructuring. Topics include valuation, deal structures, and regulatory considerations. |
| Fintech | Covers the intersection of finance and technology, including blockchain, cryptocurrencies, digital banking, and online payment systems. Discusses how technology is reshaping the financial industry. |
| Derivatives | Focuses on financial instruments such as options, futures, and swaps. Explores how these instruments are used for risk management, speculation, and hedging. |
| Advanced Corporate Finance | Goes beyond the basics of corporate finance and delves into more complex topics such as capital structure, financial strategy, and corporate financial decision-making. |
| Fixed Income Analysis | Concentrates on the evaluation and management of fixed-income securities like bonds. Topics include bond pricing, yield measures, and risk assessment. |
| Advanced Topics in Finance 2 | Likely a continuation of the earlier advanced topics course, covering additional specialized topics in finance. |
Clubs & associations
Some of the clubs & associations.
| Clubs & associations | Description |
| McGill International Student Network (MISN) | A student-run organization that supports international students at McGill University through events and workshops. |
| Post-Graduate Student Society’s International Student Caucus | Represents the interests of international graduate students, organizes events, and advocates for their needs. |
| Exchange Students Association | Dedicated to exchange students at McGill, offering events to enhance their experience abroad. |
| SSMU clubs | Various student clubs overseen by the McGill University student union, covering a wide range of interests and activities. |
| Engage McGill | An initiative that encourages student engagement, providing information about volunteer opportunities and community service. |
Eligibility and Requirements
To be eligible for the McGill MFin program, applicants must meet the following requirements:
Eligibility
An undergraduate degree or equivalent qualification.
Application fees
The application fee for the McGill MFin is CAD $132.90.
Application documents
- Degree certificate(s) or current certificate of enrolment.
- A one-page resume (CV).
- All official up-to-date academic transcripts and official GPA.
- GMAT or GRE official test score report.
- English language proficiency test score report (IELTS or TOEFL).
- Two completed online reference forms.
- Statement of purpose
GPA
GPA, or Grade Point Average, is an indicator of academic achievement.McGill University does not stipulate a minimum GPA requirement for admittance into its programs; however, it remains common knowledge that an exemplary educational pedigree will commonly be expected from candidates. In addition to, GPA criteria such as class standing and test marks evaluated during the application process are also taken into consideration by admissions officers when assessing candidates' qualifications.
GMAT
The GMAT, or Graduate Management Admission Test, is a globally recognized standardized examination that many business schools utilize as an evaluation tool for candidates,the minimum required GMAT score is 600
GRE
Business schools around the globe have made accepting GRE scores as a substitute for GMAT scores more prevalent, the minimum required GRE score is 315.
Average work-experience
Although work experience is not mandatory, the M.Fin. program prefers applicants with relevant work experience in finance, accounting, or related fields.
English language proficiency test scores
Applicants whose first language is not English must provide proof of English language proficiency by submitting scores of either TOEFL (minimum 86), IELTS (minimum 6.5).
McGill University MMF Deadlines
The final deadline for international students applying for the McGill MFin program is:
| ROUNDS | DEADLINES |
| ROUND 1 | November 15, 2023 |
| ROUND 2 | January 15, 2024 |
Employment And Placement
Situated within the Soutar Career Centre, the Career Management team at McGill MFin program provides a unique approach to career coaching. They offer personalized support to help you explore various career opportunities and navigate your professional journey. Their approach involves tailor-made guidance, and we also offer innovative programs, events, workshops, and speaker series to help you develop valuable transferable skills, build connections within your industry (including alumni and employers), gain insights into what it takes to achieve your career objectives, and excel in today's dynamic and constantly changing work landscape.
Top Sectors Hiring
The top sectors where the McGill MFin graduates get placed are:
| Consulting | Finance | Technology |
| Chappuis Halder & Co. | Bank of America Corporation | Manulife |
| Deloitte | Acies Investment Canada Corporation | Edward Jones |
| Huron Consulting Group | Alberta Investment Management Corporation | Morgan Stanley |
Alumni Info
With over 30,000 alumni globally, the McGill MFin graduates impact a wide range of organizations, from multinational businesses to start-ups. Year after year, students develop connections with coveted firms searching for individuals who want to make a difference
Some Famous Alumni
- Pratyaksha Yadav
- Roy Sun
- Corey Saxe
Application Essay
Please complete the following questions on separate pages and upload as one PDF document in the Graduate Admission System for the McGill MFin program application.
- Explain why you intend to pursue your master’s in finance studies at this time (maximum 500 words).
- Explain how the Desautels Masters of Management in Finance program will help you achieve your professional goals (maximum 500 words).
Letter of Recommendation
Candidates must provide two letters of reference from individuals who have been directly responsible for evaluating their performance and potential. On the application form, you must provide the names and email addresses of two referees who can evaluate your abilities. You may send this recommendation form to referees for completion, or the referees may choose to write their own recommendation letters. Once your application has been submitted, McGill MFin depatment will contact these referees directly and ask them to upload their references.
Note: Referees may upload a reference letter as a PDF or Word document. It is the candidate's responsibility to ensure that referees submit their recommendations in a timely manner.
McGill University MMF Interview Questions
An interview may be requested of a candidate. Overseas and non-Montreal students are interviewed via Skype, while local students are interviewed in person. It not only allows the admissions committee to have a better understanding of your history and goals, but it also allows you to ask for essential steps to confirm that the McGill Mfin is right for you.
Here are some interview questions:
- Tell me about yourself.
- Can you provide an overview of your professional background?
- What motivated you to pursue a Master's in Finance, and why did you opt for McGill University?
- Why are you pursuing an MFin now in your career, and what are your short-term and long-term goals?
- Do you have a contingency plan if your aspirations in consulting or investment banking don't materialize?
- What are your key strengths, and could you offer some examples to illustrate them?
- Can you share a significant weakness or area for improvement, and provide examples?
- How do you believe you can contribute value to the incoming class?
- What sets you apart from other candidates?
- Is there any reason why we should not consider you for this opportunity?
What Makes McGill University MMF Unique
The Master of Management - Finance program is an excellent choice for those seeking a comprehensive education in finance. McGill University consistently ranks among the top global institutions for its MS Degree in Finance, making it a preferred option for international students who value strong graduate employability rates.McGill University stands out for its exceptional educational quality, hands-on practical learning, and abundant work opportunities for international students. Graduates of the McGill Min program will be well-equipped to conduct extensive research in the field.
With its interactive curriculum, extensive research prospects, and outstanding faculty, McGill University offers a transformative learning experience. This Master of Science Degree program empowers students to become innovative and self-reliant researchers. All in all, choosing McGill MFin program is an excellent decision for those wanting to delve deeply into the field.
Conclusion
The Master of Finance (M.Fin.) program at McGill Business School is a highly competitive and rigorous program designed to prepare students for successful careers in the finance industry. The program provides a comprehensive understanding of finance, including both theoretical concepts and practical applications. The curriculum consists of both core courses and electives, allowing students to customize their education based on their interests and career goals. In addition, McGill MFin students are required to complete a Finance Research Project, providing them with an opportunity to apply their knowledge and skills to real-world finance problems.
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