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Queens MFin Review

10 minutes

Table of Contents


    The Queen's University Master of Finance degree, commonly known as Queens MFin, has become increasingly essential for individuals seeking a competitive edge in the dynamic and demanding field of finance.

    At Queens MFin, you'll find a program that combines academic rigor with real-world applicability. The curriculum is carefully designed to cover all facets of finance, ensuring that graduates are well-prepared for the complexities of the financial world. 


    Tuition Fees  $74,500 CAD
    Program Length 12 Months
    Program deadline 15 January 2024
    Application Fees -

    Queen's University Master of Finance Class Profile

    The Queen's University Master of Finance (MFIN) program boasts an impressive class profile that reflects a commitment to diversity and inclusion. In terms of gender distribution, the program embraces a balanced cohort with 66% men and 34% women, promoting gender diversity within the world of finance education. Furthermore, Queens MFin reach extends globally, with students hailing from 11 different countries. This international representation fosters a rich exchange of ideas, perspectives, and cultural experiences within the program, enhancing the learning environment and preparing students for success in a globalized financial landscape.

    queens mfin

    Class Size 54
    Average Age 31.5
    Average GPA 2.7
    Women Diversity 34%
    Average GMAT Score 600
    Average Work-experience 4.2 Years 
    Countries Represented 11

    Acceptance Rate

    There is no information on the official website about the acceptance rate of Queens MFin.

    Program and Curriculum

    queens mfin

    At the heart of Queens MFin program lies a well-structured and rigorous curriculum designed to equip students with the knowledge, skills, and hands-on experience they need to excel in finance. The program offers a mix of core courses and electives, ensuring a comprehensive understanding of various aspects of the financial landscape.

    Core courses

    Core courses are as follows:

    Course Title Description
    Corporate Finance and Financial Statement Analysis I This course delves into the fundamentals of corporate finance and equips students with the tools to analyze financial statements effectively.
    Quantitative Analysis and Economics Students gain a deeper understanding of the quantitative aspects of finance and economic principles.
    Advanced Financial Modeling This course hones students' financial modeling skills, which are essential for financial decision-making.
    Equity Markets Exploring the intricacies of equity markets, students learn about trading strategies and market dynamics.
    Fixed Income Instruments and Markets This course covers fixed-income securities and the workings of bond markets.


    Electives are as follows:

    Course Title Description
    Financial Technology & Innovation Exploring the intersection of finance and technology, this elective provides insights into the growing field of FinTech.
    Intro to Alternative Investments Diversify your knowledge with a focus on alternative investments, including private equity, hedge funds, and real assets.
    Investment Banking Get an in-depth understanding of the investment banking industry, including mergers, acquisitions, and capital raising.
    Artificial Intelligence & Finance Uncover the role of AI and machine learning in financial decision-making and risk management.
    Sustainable Finance Learn about sustainable and responsible investment practices, addressing environmental, social, and governance (ESG) considerations.


    MFin Scholarships are as follows:

    • Academic Scholarships
    • Scholarships for Black Students
    • Scholarships for Indigenous Students
    • External Scholarships

    Clubs and associations

    Clubs and associations are as follows:

    • Consulting Club
    • Scale Up Summit
    • Digital Business Club
    • Smith Finance Club
    • Women in Leadership Club

    Eligibility and Requirements

    queens mfin

    The journey to securing a place in the Queens MFin program is both challenging and rewarding. Understanding the eligibility and admission requirements is the first step to realizing your dream of becoming a finance expert. With determination, a strong application, and a clear expression of your passion for finance, you can unlock the door to this esteemed program and set yourself on a path to financial excellence.


    • Undergraduate Degree- You need to hold an undergraduate degree from an accredited university. This degree serves as the foundation upon which your financial expertise will be built.
    • Relevant Work Experience- While the program generally requires a minimum of 2 years of work experience, exceptional applicants with less experience may also be considered. What makes an applicant 'exceptional'? Those with a track record of achieving mainly A- grades or higher in the last two years of their graduate study, along with significant experiences in finance-related internships or co-ops, stand out.

    Application fees

    There is no application fee charged by the university.

    Application documents

    • Resume- Prepare a comprehensive resume that highlights your educational and professional background, emphasizing your financial experience and achievements.
    • Transcripts- Obtain official transcripts from each post-secondary institution you've attended. These transcripts must be sent directly to the Queens MFin admissions committee by the Registrar of the institution.
    • CFA Level 1 or GMAT- Provide proof of successful completion of either the CFA Level 1 exam or the GMAT (Graduate Management Admission Test). These standardized tests help demonstrate your readiness for the academic rigors of the MFIN program.
    • References- Secure two professional or academic references. Your Application Advisor will provide your referees with a link to submit their recommendations.
    • Cover Letter- Craft a well-structured cover letter. This letter should outline your current responsibilities and assignments, career accomplishments, reasons for applying to the Master of Finance program, and your professional and personal goals. Your cover letter is your opportunity to express your passion for finance and your dedication to your future in the field.
    • WES Assessment- If your undergraduate degree is from an international institution, you may need a World Education Services (WES) assessment to ensure your educational background aligns with North American standards.
    GPA A minimum GPA of 7.5 or higher is recommended.
    GMAT A GMAT score of 600 or higher is typically required.
    GRE A GRE (Graduate Record Examination) score of at least 315 is advisable.
    English Proficiency Test If English is not your first language, you may need to provide proof of English proficiency. The following scores are accepted:
    IELTS: A score of 7.0 or higher.
    TOEFL: A score of 100 or higher.

    Queen's University Master of Finance Deadlines

    There are no deadlines now, as the application for Queens MFin is on a rolling basis.

    Admission process

    • Submit Application- Begin your journey by submitting a well-prepared application, including your resume, transcripts, test scores, and other required documents.
    • Standardized Tests- Showcase your academic readiness with standardized tests like the CFA Level 1 or GMAT, which may be part of the admission criteria.
    • Decision- Await the decision on your application. The admissions committee carefully reviews each application to assess your qualifications and fit for the program.
    • Interview- This is your opportunity to demonstrate further your suitability and enthusiasm for the Queen's MFIN program.
    • Acceptance- Upon a successful interview and meeting all admission requirements, you'll receive an acceptance letter, marking the beginning of your academic journey at Queen's MFIN.

    Employment And Placement

    There is no information on the official website about the employment report of  Queens MFin graduates. But, average MFin in Canada salary is CAD 80,000 to CAD 120,000. 

    Queen's University boasts a high employment rate for its graduates, particularly in finance-related roles. Recent salary data underscores the competitive advantage enjoyed by Queen's graduates, with financial analysts earning between CAD 60,000 to CAD 100,000 annually and investment bankers commanding salaries ranging from CAD 80,000 to CAD 100,000 per year.

    Risk managers typically earn between CAD 70,000 to CAD 90,000 annually, while corporate treasurers enjoy salaries ranging from CAD 90,000 to CAD 120,000. These figures reflect the strong demand for Queen's graduates in the finance industry and highlight the university's commitment to preparing students for successful careers with lucrative earning potential.

    Top Sectors Hiring

    queens mfin

    When considering pursuing a Master of Finance (MFin) degree at Queen's University, it's essential to understand the top sectors that actively seek graduates from this program. The Queen's MFin program equips students with a robust foundation in finance and prepares them for diverse MFin jobs across various sectors.

    Bank of Montreal CIBC Canada Pension Plan Investment Board
    HSBC Canada Manulife Ontario Teachers’ Pension Plan
    Royal Bank of Canada Scotiabank State Street

    Queen's University Master of Finance Alumni Info

    The Queen's University Master of Finance (MFIN) program has a rich history of producing finance professionals who excel in their careers. Graduates of this esteemed program have gone on to make remarkable contributions in various sectors of the finance industry. The success stories of these notable Queens MFin alumni reflect the program's commitment to nurturing financial leaders. 

    1. Julius Nyarko: Fixed Income Credit Analyst, AGF Investments Inc.
    2. Madiha Hussain: Senior Risk Analyst, RBC, Toronto, ON
    3. Devan Sloan: Senior Manager, Leasing, GWL Realty Advisors, Toronto, ON
    4. Elaine El Zeghayar: Relationship Manager, TD Commercial Banking, Toronto, ON

    Application Essay

    Your application essay is your chance to introduce yourself to the admission committee and showcase what makes you an ideal candidate for the Queens MFin program. It's not just about your qualifications and credentials; it's an opportunity to demonstrate your passion for finance and your commitment to your career goals.

    • Give yourself ample time to brainstorm, write, edit, and proofread your essay. Rushing the process can lead to oversight.
    • Be yourself in your essay. Authenticity is key to creating a genuine connection with the admission committee.
    • After writing your first draft, revise and edit your essay multiple times. Check for clarity, grammar, and consistency.
    • Try to steer clear of overused phrases and clichés. Instead, use your own words to express your thoughts and feelings.
    • Share your essay with trusted friends, mentors, or colleagues for feedback. They can provide valuable insights and suggestions for improvement.

    Letter of Recommendation

    A letter of reference is an important part of your application that gives the admissions committee important details about your character, skills, and potential as a student in the Queens MFin program. It is not just a formality. You need 2 recommendations. Your recommender should be someone who knows you well, preferably from a professional or academic setting. 

    • Approach potential recommenders well in advance, giving them ample time to write a thoughtful letter.
    • Offer your recommender a copy of your resume, details about your academic and professional achievements, and your motivations for pursuing the Queen's MFIN program.
    • Gentle follow-ups can be necessary to ensure your letter is submitted on time.
    • Always thank your recommender for their time and support. It's a professional courtesy and ensures a positive working relationship.

    Interview Questions

    Securing admission to Queens MFin program is a coveted achievement. To be well-prepared for the admission interview, it's essential to anticipate the questions you may encounter and know how to approach them.

    Set 1 

    1. What academic experience do you have, and why are you interested in pursuing an MFIN?
    2. Why did you expressly choose Queens MFin?
    3. How do your educational and professional experiences fit with your desired career path in finance?
    4. What is your most noteworthy financial-related academic or professional accomplishment?
    5. What long-term professional goals do you have in the finance sector?
    6. Can you explain financial modeling in more detail and give an example?
    7. How do you keep up with the latest news and financial trends?
    8. Have you done any coursework or exams like the CFA or GMAT that are related to finance?
    9. Describe the financial risk management idea.
    10. What should be taken into account when appraising a business or investment?

    Set 2

    1. Could you give an example of a leadership position you have held and how it has impacted your development both personally and professionally?
    2. Tell about a time when you had to collaborate with a varied group of people. What were your tactics?
    3. How do you approach making important financial decisions?
    4. Describe a time when you resolved a financial problem using quantitative analysis.
    5. How do you envisage utilizing the Queens MFin resources and opportunities?
    6. How do you envisage utilizing the Queen's MFIN's resources and opportunities?
    7. What do you think the hardest part of the program will be, and how do you intend to handle it?
    8. How do you envisage your Queen's MFIN training helping your financial profession going forward?
    9. Would you mind outlining your personal principles and how they relate to those of Queen's MFIN?
    10. What strengths or qualities do you have that will help you contribute to the Queen's MFIN cohort?

    What Makes Queens University: Smith School of business MFin Unique

    queens mfin

    Is MFin worth it? When it comes to selecting a Master of Finance (MFIN) program, it's essential to choose one that not only meets your educational needs but also offers a unique and enriching experience. Queen's University's MFIN program, often referred to as Queens MFin, is indeed a standout choice. Here’s how.

    • World-Class Faculty and Expertise- One of the most significant aspects that make Queen's MFIN unique is its world-class faculty. The program boasts a team of distinguished professors and industry experts who bring a wealth of knowledge and practical experience to the classroom. These experts not only deliver top-notch education but also foster a culture of academic excellence, ensuring students receive the best possible guidance and mentorship.
    • Experiential Learning- Queens MFin places a strong emphasis on experiential learning. The program offers students opportunities to work on real financial projects, providing a hands-on experience that goes beyond theoretical knowledge. This practical exposure is invaluable, as it equips graduates with the skills and insights required to thrive in the dynamic world of finance.
    • Personalized Career Support- The program's commitment to student success extends to its comprehensive career support. The dedicated career services team offers guidance, resources, and connections to potential employers, ensuring that Queen's MFIN graduates are well-prepared for their career launch. This personalized support sets the program apart, as it goes above and beyond to help students achieve their professional goals.
    • A Vibrant Network of Alumni- Queen's MFIN program has a vast and influential network of alumni who have made their mark in various sectors of the finance industry. This network offers students valuable connections and opportunities for mentorship and career advancement. The strength and reach of the alumni network is a unique feature that provides ongoing benefits to Queen's MFIN students.
    • Focus on Innovation and Technology- The financial landscape is constantly evolving, with technology playing an increasingly significant role. Queen's MFIN recognizes this and offers specialized courses in financial technology and innovation. These courses provide students with the knowledge and skills to navigate the rapidly changing world of finance, setting the program apart as forward-thinking and relevant.
    • Commitment to Diversity and Inclusivity- Queens MFin program places a strong emphasis on diversity and inclusivity. It actively seeks to create a welcoming and supportive environment for students from all backgrounds. Scholarships for underrepresented groups, including Black and Indigenous students, reflect the program's commitment to fostering a diverse and inclusive community.


    Queen's MFIN is not just another program; it's a unique path to success. It combines academic rigor with practical application, inclusivity, a global perspective, and a commitment to innovation. Choosing Queens MFin isn't just about getting an education; it's about embarking on a transformative journey that prepares you for a successful and fulfilling career in finance. The doors to the future of finance are wide open, and Queen's MFIN is your key to unlock them. 

    Know Your Author
    Photo of Rohit
    Rohit Rajaram
    Study Abroad Expert
    Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
    Does Queen's MFIN offer students career support?

    Queen's MFIN provides students with individualized career guidance to aid in their job search and professional development. The committed career services team connects you with resources, advice, and employers.

    What does Queen's MFIN's experiential learning component entail?

     Experiential learning is highly valued in Queen's MFIN. The chance to engage on actual financial projects allows students to supplement their classroom learning with real-world experience.

    What is the MFIN application procedure at Queen's?

    A resume, official transcripts, CFA Level 1 or GMAT verification, two references, a cover letter, and, if necessary, completing a WES Assessment are often required as part of the application process. Through the Queen's University application portal, you can submit an online application.

    How tough is the MFIN program admissions procedure at Queen's?

    As a result of the pool of highly qualified applicants, the Queen's MFIN admissions process is competitive. Assuring that you meet the requirements and submitting a solid application will boost your chances of acceptance.

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