Key takeaways

16-month program
tuition fee $84,000 in total
economics focused

Program

16-month, course-based

deadline: January

Fees

Tuition is paid in four installments:

Fall 2023	$19,533
Winter 2024*	$19,533
Summer 2024 (internship term)*	$19,533
Fall 2024*	$19,533
Ancillary Fees**	$1,416
TOTAL	$83,796

Prerequisites/requirements

transcripts & academic records
proficiency in English scores
GRE
Resume/CV
application fee - $150

course history details

In addition to academic records, the Admissions Committee requests more detail on your quantitative course background. A list of the courses you have taken in Economics, Finance, Mathematics and Statistics is required. For second and upper year courses, please provide the title and author(s) of the main text used.

academic references

Two references are required; at least one must be an academic reference

supplementary questions

Briefly explain how your education background provides you with the foundation required for MFE coursework (100 words)
Briefly outline any relevant work experience in the financial industry and why it has motivated you to pursue an MFE degree (150 words)
As a professional program, the primary objective of the Western MFE is to prepare our graduates for career in the financial industry. Please provide a brief outline of your short (i.e. first 3-5 years after graduating) and longer term career goals in the financial sector, as well as why the Western MFE would aid you in accomplishing these objectives. (300 words)
Briefly describe any extracurricular or volunteer experiences in which you had the opportunity to exercise leadership skills. (100 words)
Please summarize why you are a strong candidate for the Western MFE program (i.e. tell us what are your key strengths that will help you succeed both in our program and after graduation). (300 words)

Curriculum

Refresher week (before term I - late august)

Mathematics
Statistics
Intermediate Macroeconomics
Intermediate Microeconomics
Corporate Finance
Accounting
Computer programs (Matlab, R, Excel)
Professional Development

Term I (September-December)

microeconomics theory for finance
financial economics
financial econometrics
financial options
one elective if completing FM9578 in Term IV
professional development courses

Term II (January-April)

banking analytics
macroeconomic theory for finance
corporate finance
one elective
professional development courses

Term III (May-August)

summer internship

Term IV (September-December)

Securities regulation
Empirical asset pricing
two electives

Recommended electives

Economics of Derivatives (ECON9530/9630)
Applied Financial Econometrics (ECON9547)
Cash Flow Analysis & Investments (ECON9545)
Financial Innovation and Crises in Historical Perspective (ECON9538)
Financial Risk Management (ECON9587)
Financial Modeling II (FM9521)
Portfolio Management (ECON9523)

Additional elective option

Students are welcome to enroll in courses offered by other faculties including the Department of Statistical and Actuarial Sciences and Ivey Business School. Enrollment is on special permission basis subject to students having the required background and course availability.