Schulich Master of Finance Review

Introduction

The Schulich Master of Finance (MF) provides students with the robust real-world training and analytical foundation needed for a rewarding career in modern finance. Students will develop their understanding of corporate finance, risk management, private equity, compliance, etc. Courses place a strong emphasis on real-world applications and context. In addition, critical topics in governance, ethics and the legal aspects of finance are embedded in the MF curriculum.

Students also participate in Finance Research Seminars and the Professional Seminar Series, with courses in Ethics and Governance and options to specialize in Capital Markets or Financial Risk Management. The 12-month full-time Schulich MFin is designed for those who are serious about pursuing a career in finance.

Schulich Master of Finance Class Profile

The Schulich Master of Finance (MF) program gives students the practical experience and intellectual grounding they need to succeed in modern finance.

Students will learn about corporate finance, risk management, private equity, compliance, and other topics. The emphasis in the courses is on real-world applications and context. In a class of almost 83 students, the Schulich MFin curriculum includes important themes such as governance, ethics, and legal elements of finance. There are students from around 64 countries with an average work experience of 12 months in the MF program at Schulich.

Acceptance Rate

The Schulich Master of Finance programme will prepare you to lead in today’s complicated business climate by providing specific finance expertise. Recruiters recognise Schulich MF graduates’ technical expertise, financial decision-making, and communication skills. With an acceptance rate of 30%, a at Schulich MFin School of Business is one of the most competitive courses to pursue.

Acceptance Rate- 30%

Program and Curriculum

Schulich intensive 12-month MF emphasises real-world application and technical, communication, and decision-making skills. In addition, the curriculum provides specialised knowledge on both the buy and the sell-side of capital markets, whether in investment banking, risk management, or asset management.

Core Courses (Year-1)

The core courses offered during the first year of the Schulich Master of Finance (MFin) program lay the foundation for students to develop a comprehensive understanding of key financial concepts and analytical skills essential for success in the finance industry. 

Core Courses (Year-2)

The second year of the Schulich Master of Finance (MFin) program builds upon the foundational knowledge gained during the first year, offering students the opportunity to delve deeper into specialized areas of finance and develop expertise in key areas of interest.

Electives 

The Schulich Master of Finance (MFin) program offers a wide range of elective courses that allow students to tailor their learning experience to align with their career goals and interests within the finance industry.

Clubs and Associations 

Engagement in extracurricular activities is an integral part of the student experience at Schulich School of Business, offering Master of Finance (MFin) students opportunities for personal and professional growth outside the classroom. 

• Schulich Finance Association (SFA)
• Schulich Investment Research Organization (SIRO)
• Schulich Risk Management Association (SRMA)
• Schulich Private Equity and Venture Capital Club
• Schulich Real Property Students' Association (SRPSA)
• Schulich FinTech Club

Extra Activities 

While academic coursework forms the foundation of the Schulich Master of Finance (MFin) program, students also have the opportunity to engage in a variety of extra-curricular activities that complement their learning experience, foster personal growth, and enrich their overall student life. 

• Guest Speaker Series
• Case Competitions
• Networking Events
• Finance Conferences
• Finance Club Activities

Scholarships

The Schulich Master of Finance (MFin) program at the Schulich School of Business is committed to attracting top talent and fuding your graduate education in their pursuit of academic excellence and professional success.

• Schulich School of Business Entrance Scholarship
• Schulich School of Business Graduate Scholarship
• Schulich School of Business Graduate Bursaries:
• The CFA Institute Scholarship
• Women in Finance Scholarship
• Emerging Markets Scholarship

Eligibility and Requirements

The eligibility criteria for the Schulich Master of Finance program typically require applicants to hold a four-year undergraduate degree or its equivalent from a recognized institution, preferably in business, economics, or a related field. Strong quantitative and analytical skills are expected, demonstrated through coursework or professional experience. Proficiency in English is essential, often measured by standardized tests such as the TOEFL or IELTS for non-native English speakers.

Additionally, applicants are typically required to submit their academic transcripts, letters of recommendation, a resume, and a statement of purpose outlining their interest in the program and career goals. Meeting the minimum admission requirements does not guarantee admission, as the selection process is competitive and takes into consideration various factors including academic performance, relevant work experience, and personal qualities.

Schulich Master of Finance Eligibility

• Hold a four-year undergraduate degree or its equivalent from a recognized institution.
• Preferred undergraduate degrees in business, economics, or a related field.
• Strong quantitative and analytical skills.
• Proficiency in English, demonstrated through standardized tests (TOEFL, IELTS) for non-native English speakers.
• Meeting the minimum eligibility requirements does not guarantee admission.

Schulich Master of Finance Application Fees

Application fees for Schulich MFin cost is $120

Schulich Master of Finance Application Documents

• Academic transcripts from all post-secondary institutions attended.
• Letters of recommendation (typically two to three) from professors or professionals who can assess the applicant's qualifications and potential.
• Resume or curriculum vitae detailing educational background, work experience, and any relevant achievements.
• Statement of Purpose outlining the applicant's interest in the program, career goals, and reasons for pursuing the Master of Finance degree.
• Standardized test scores (e.g., GMAT or GRE) may be required, although requirements may vary.
• Proof of English language proficiency for non-native English speakers (TOEFL, IELTS scores).
• Any additional documents or forms specified by the Schulich Master of Finance admissions office.

Schulich Master of Finance Deadlines

The Schulich Master of Finance program has specific application deadlines that may vary each year as per it's important dates and table. It is important for prospective students to refer to the official program website or contact the admissions office for the most up-to-date information regarding the application deadline. Typically, the deadline falls several months before the program's intended start date to allow for sufficient time for application review and processing. Adhering to the deadline is crucial to ensure that your application is considered for the desired intake. 

When do the admissions start 

The exact dates for admissions and response timelines may vary each year, so it's important to refer to the official Schulich Master of Finance program website or contact the admissions office for the most up-to-date information. Each year, the Schulich Masters of Finance program begins in September.

Admission Process

• Review Eligibility: Ensure that you meet the eligibility criteria, which typically include holding a four-year undergraduate degree or its equivalent, having strong quantitative and analytical skills, and proficiency in English.
• Prepare Application Documents: Gather all the required application documents, including academic transcripts, letters of recommendation, resume, statement of purpose, and standardized test scores (GMAT, GRE, IELTS).
• Complete Online Application: Submit the online application form through the official Schulich Master of Finance program website. Provide accurate and detailed information about your academic background, work experience, and personal details.
• Pay Application Fee: Pay the application fee as specified on the program's website. The fee may vary, so refer to the official information for the current amount.
• Submit Supporting Documents: Upload all the required supporting documents, such as academic transcripts, letters of recommendation, resume, statement of purpose, and standardized test scores, as per the application instructions.
• Track Application Status: Regularly check your application status through the applicant portal or any communication channels provided by the admissions office. Stay informed about any updates or additional requirements.
• Interview (if required): If selected, you may be invited for an interview as part of the admissions process. Prepare for the interview by researching the program, practicing common interview questions, and showcasing your interest and readiness for the Master of Finance program.
• Await Admission Decision: The admissions committee will review your application and supporting documents. Wait for the official admission decision, which will be communicated to you through the specified channels.
• Accept Offer and Confirm Enrollment: If you receive an offer of admission, carefully review the terms and conditions. Accept the offer by the specified deadline and follow the instructions provided to confirm your enrollment in the Schulich Master of Finance program.
• Prepare for Program Start: Once enrolled, follow any instructions or deadlines provided by the program to prepare for the start of the Master of Finance program. This may include attending orientation sessions, completing pre-program assignments, and familiarizing yourself with the program's resources and requirements.

Employment And Placement

The Schulich School of Business is an essential recruiting destination for financial service firms looking to acquire top talent. As a result, the Schulich MFin class sees consistently high placement rates, with over 90% of graduates hired within six months of graduation, based on previous cohort data.

Graduates of Schulich Master of Finance enjoy rewarding careers as analysts or associates at the big five Canadian banks, ICICI and HSBC, asset management firms such as Burgundy, and investment firms such as Fidelity. Consultancies including KPMG, EY, Deloitte and PwC have also hired from within Schulich’s talented MF graduate pool. Given the program’s academic rigor, some alumni have gone on to pursue a PhD in Finance.
 

Top Sectors Hiring 

The Schulich Master of Finance program equips graduates with the skills and knowledge sought after by top sectors in the finance industry. Prominent sectors that actively recruit from the Schulich Master of Finance program include investment banking, asset management, and corporate finance. In investment banking, graduates are sought after by leading firms such as Goldman Sachs, J.P. Morgan, and Morgan Stanley.

Asset management companies like BlackRock, Vanguard, and Fidelity Investments also recognize the value of Schulich graduates' expertise. In corporate finance, firms like Deloitte, PwC, and EY often hire Schulich Master of Finance graduates for their advisory and financial services divisions. These sectors offer exciting career opportunities and the potential for growth, making the Schulich Master of Finance program a pathway to success in the finance industry.

Top 3 sectors hiring from Schulich Master of Finance and prominent companies in each sector:

Schulich Master of Finance  Alumni Info

As a future graduate of Schulich Master of Finance, you will hold lifelong membership in the school’s forever alumni network, a network of more than 34,000 alumni. In addition, its members will help you further develop your career regardless of which stage you are at by providing you with career development information, exchanging business information with you and sharing their experiences for you to build on.

Some Famous Alumni

• Paruksheen Dhunjisha, Co-Founder, GiveAMask.ca
• Dennis Mitchell, CEO & CIO, Starlight Capital
• Max Vivier, Data Scientist, Roblox
• Reetu Gupta, CEO and President, The Gupta Group 
• Dipesh Pattni, Founder & CEO, Ayd Cares
• Andrew Wilson, COO, GrowerIQ

Application Essay

The Schulich Master of Finance program asks for an admission essay to gain deeper insights into the applicants beyond their academic achievements and credentials. The essay allows applicants to showcase their motivation, goals, and unique qualities that make them suitable candidates for the program. It provides an opportunity for applicants to articulate their passion for finance, their understanding of the field, and their career aspirations. 

Essay question 1: What are your short term and long term career goals, and how will your selected program help you achieve these goals? (Word limit on Schulich’s website is not mentioned, CRM mentions 350)

Essay Question 2: Is there any other information or area of concern in your academic or personal history that you believe would be helpful to the admission committee when considering your application? (This question is optional)

Letter of Recommendation

The letter of recommendation for Schulich Master of Finance should include the answer of the following questions:
Q. How long and in what capacity have you known the candidate? (No word limit)
Q. If this is a work-related reference, in what position is/was the candidate employed and for how long? (No word limit)
Q. What do you consider to be the candidate’s principal strengths/talents? (No word limit)
Q. What do you consider the candidate’s weaknesses or areas that need improvement? (No word limit).

You should try to ask your recommender to answer the question in as depth as possible to get into the best university for MFin in Canada.

Interview Questions 

Q. What can you tell me about yourself?
Q. Could you please walk me through your resume?
Q. Why pursue a master of finance degree? Why did you choose the Schulich School of Business?
Q. Why an MF now or at this point in your career?
Q. What are your immediate and long-term objectives?
Q. What is your backup plan if consulting/investment banking does not pan out?
Q. What are your main assets? Could you please provide some examples?
Q. What is your most significant flaw? Could you please provide some examples?
Q. What value can you bring to the class of Schulich Master of Finance?
Q. Why should we bother you?
Q.  Is there a reason why we shouldn’t choose you?
Q. Which destination, if you had to choose one, would you choose and why?
Q. Why did you choose Canada?
Q. Why not China, for example? If it were China, what would be the comparative advantages?
Q. When you were working with your clients, what was the most exciting event?
Q. What do you like to do when you have free time?

What Makes Schulich Master of Finance Unique

Is MFin worth it? The Schulich Master of Finance program is known for its rigorous and comprehensive curriculum that focuses on developing the skills and knowledge necessary for success in the field of finance. Some of the unique features of the Schulich Master of Finance program include:

• Real-world experience: The program offers a range of experiential learning opportunities, including internships, capstone projects, and case competitions, which provide students with hands-on experience and exposure to real-world challenges.
• Specializations: The program offers a range of specializations, including Risk Management, Financial Engineering, and Capital Markets, allowing students to tailor their education to their specific career goals.
• Industry connections: Schulich has strong connections with industry leaders in finance, providing students with access to networking opportunities and valuable insights into current trends and best practices.
• Flexibility: The program offers both full-time and part-time options, allowing students to balance their studies with work or other commitments.
• International focus: The program has an international focus, with opportunities for study abroad, international internships, and a diverse student body that provides a global perspective.

Overall, the Schulich MFin program offers a unique blend of academic rigor, practical experience, and industry connections that prepare students for successful careers in finance.

Conclusion

Schulich Master of Finance program stands as a distinguished choice for individuals seeking to excel in the field of finance. With its comprehensive curriculum, renowned faculty, and strong industry connections, the program offers a transformative educational experience. From the diverse and accomplished class profile to the extensive career support and global opportunities, Schulich equips its students with the knowledge, skills, and network necessary to thrive in the competitive finance landscape.