Financial Risk Management

Program Overview

Develop the strengths a fast-moving economy demands, and leading organizations are looking for, in this intensive, 10-month full-time program. At the intersection of risk management and finance, the Rotman Master of Financial Risk Management provides an ideal balance of technical expertise and communications skills that will help launch your career.


Quick Facts

Domestic International
Application payment deadline MFRM:

Round one: 21-Oct-2020
Round two: 25-Nov-2020
Round three: 04-Feb-2021

MFRM:

Round one: 21-Oct-2020
Round two: 25-Nov-2020
Round three: 04-Feb-2021

Supporting documents deadline MFRM:

Round one: 21-Oct-2020
Round two: 25-Nov-2020
Round three: 04-Feb-2021

MFRM:

Round one: 21-Oct-2020
Round two: 25-Nov-2020
Round three: 04-Feb-2021

Minimum admission average MFRM:

B

MFRM:

B

Program length (full-time only) MFRM:

10 months

MFRM:

10 months


Master of Financial Risk Management

Program Description

The Master of Financial Risk Management (MFRM) is designed to prepare students who excel at finance and quantitative analysis for careers in this in-demand sector. A bridge between academic and professional life, this full-time, ten-month program allows students to fast-track into the finance industry — giving them a competitive edge over applicants with only an undergraduate degree.

Students will gain a better understanding of the different types of risk, the regulatory environment, and how different financial institutions manage uncertainty. They consider the ways risk is measured and managed, looking at systems and models currently used within the financial sector.

Students have the opportunity to gain real-world experience during the Risk Management Project which takes place midway through the program. They will work on a real risk issue that is relevant and of interest to financial institutions. During the nine-week project, students will be taken out of the classroom and into industry, working with practising risk management professionals.

Minimum Admission Requirements

  • Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the Rotman School's additional admission requirements stated below.

  • A recognized four-year undergraduate degree or equivalent: A business, commerce, economics, mathematics, engineering, or actuarial science degree is preferred. However, other four-year undergraduate degrees will be considered if there is evidence of strong quantitative skills with a minimum B average in calculus, linear algebra, and statistics or econometrics.

  • Quantitative proficiency, usually demonstrated through the completion of university-level courses with a minimum B average, in calculus, linear algebra, and statistics and/or econometrics during the undergraduate degree.

  • Two academic references.

  • Essays (written essay, video questions, and real-time written response).

  • English-language proficiency (if required).

  • Prerequisite knowledge in the following areas, usually demonstrated through the completion of university-level courses:

    • Foundations of finance.

    • Financial accounting.

    • Investments.

    • Financial derivatives.

    • Applicants who have not completed courses in one or more of these subject areas may be offered admission conditional on successful completion of one or more qualifying examinations demonstrating equivalent knowledge.

  • Demonstrated knowledge of Python coding. All offers of admission will be conditional upon the successful completion of a Python coding online course and examination. Applicants will be given access to online instruction modules in preparation for the examination and will have up to two attempts prior to the start date of the program.

  • Applicants who meet all the criteria will be assessed on the basis of their application essays, answers to video questions, grades, and references by the admissions committee. Selected applicants will then be invited for an admission interview. The admission decision will be based on both submitted materials and interview performance.

Program Requirements

Within this ten-month, full-time program (three sessions), students must complete a structured sequence of 11 half courses (5.5 full-course equivalents [FCEs]). No advanced standing will be granted for previous academic work completed or professional designations earned. Students who are unable to follow courses in their prescribed order must attain special approval from the Academic Director in order to continue in the program. The courses in the program are:

RSM6301H
Topics in Financial Risk
RSM6302H
Financial Markets, Risk, and Institutions
RSM6303H
Regulation of Financial Institutions
RSM6304H
Operational Risk
RSM6305H
Credit Risk
RSM6306H
Probabilistic Modelling for Risk-Informed Decisions
RSM6307H
Macroeconomics for Financial Risk Management Professionals
RSM6308H
Advanced Investments
RSM6310H
Derivative Models for Risk Management
RSM6311H
Rotman Risk Management Project
RSM6313H Innovations in Financial Technology

Program Length

3 sessions full-time (typical registration sequence: F/W/S)

Time Limit

3 years full-time

Andrew H. Proppe
Andrew H. Proppe
Alumnus, PhD (Chemistry), 2019, GG Gold Medal Recipient
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