Master of Finance (MF) Viewbook 2019

2019 – 2020 Masters Programs

Schulich School of Business

MF Master of Finance

Earn the credentials you need for the career you want, with a highly specialized 12-month Masters program.

MF

MASTER OF FINANCE

Gain access to a career in investment banking, risk or asset management and cover a significant portion of the CFA body of knowledge.

ADDITIONAL MASTERS PROGRAMS AT SCHULICH

MAcc

MMKG

Position yourself for a challenging career in accounting with the CPA-Accredited MAcc, an intensive program that prepares graduates to write the Common Final Examination upon graduation.

Equip yourself for the dynamic world of marketing as you master state-of-the-art tools and grow your literacy in analytics, advertising and consumer behaviour.

MBAN

MREI

MASTER OF ACCOUNTING

MASTER OF BUSINESS ANALYTICS Become an expert in the booming field of Big Data and gain a competitive advantage by earning a SAS™ certification.

MMAI

MASTER OF MANAGEMENT IN ARTIFICIAL INTELLIGENCE Learn to develop, evaluate, refine and implement AI-related applications and technologies for business.

MMgt

MASTER OF MARKETING

MASTER OF REAL ESTATE & INFRASTRUCTURE Build your career on a solid foundation with this specialized program for leaders, entrepreneurs and city builders in both real estate and infrastructure.

MSCM

MASTER OF SUPPLY CHAIN MANAGEMENT Develop the analytical and managerial skills needed to design creative supply chain solutions in this rigorous, experiential program offered both full- or part-time.

MASTER OF MANAGEMENT Build your knowledge of the major disciplines of management with this unique program designed for high-achieving graduates from non-business backgrounds.

On the cover: Fred Wang (MF ’17), Credit Analyst, Moneris

MESSAGE FROM THE DEAN

Shape Your Future

The global business landscape is hyper-competitive, turbulent and complex.

Managing effectively requires a global mindset and multi-stakeholder thinking that tackles the social, economic and environmental challenges facing business today.

It also requires the ability to explore a problem from multiple perspectives, to reframe it, and push through to actionable solutions.

At the Schulich School of Business, we have developed eight distinct specialized Masters programs that will equip you to thrive in this new business paradigm – one that our School illustrated in the groundbreaking book Re-Imagining Capitalism published in collaboration with McKinsey & Company. Our Masters degrees are designed to deliver in-depth functional and industry knowledge, strengthen your technical expertise and give you a clearly defined career advantage.

Gain hands-on experience at one of our cutting-edge labs and research hubs at our new Rob and Cheryl McEwen Graduate Study & Research Building. The building is home to our Centres of Excellence where we are global leaders in industries of the future, including business analytics, infrastructure and artificial intelligence.

Chart a course to achieve your career objectives with a Schulich 12-month Masters degree.

Dezsö J. Horváth, PhD, CM Dean & Tanna H. Schulich Chair in Strategic Management Schulich School of Business

Canada’s Top-Ranked Business School Global Reach. Innovative Programs. Diverse Perspectives.

Schulich MBA: #1 IN CANADA ( Forbes, CNN Expansión, Corporate Knights, América Economía) #3 IN THE WORLD (Corporate Knights) Kellogg-Schulich Executive MBA: #1 IN CANADA (Financial Times, The Economist, QS TopMBA) #6 IN THE WORLD (QS TopMBA) #8 IN THE WORLD (The Economist)

Global Reach. Innovative Programs. Diverse Perspectives.

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Master of Finance (MF)

The Schulich MF provides the robust real-world training and analytical foundation you will need for a career in the complex, fast-paced world of finance.

AN ERA OF DISRUPTIVE INNOVATION

A CFA PROGRAM PARTNER

Transformational changes in financial software, viral crowd-funding platforms and digital wealth management are reshaping dialogue in financial services.

These advances have given rise to new structures of regulation and a growing demand for digital security.

The Schulich MF is a program partner of the Chartered Financial Analysts (CFA) Institute, the global industry standard for finance professionals. Throughout the course of your studies, you will be well-equipped to successfully challenge all three levels of the CFA. You will also enjoy access to specialized online Level 1, 2 and 3 sample exams, scholarships, the Financial Newsbrief, (a daily investment newsletter), and other CFA publications.

Financial leaders understand that uncharted challenges and opportunities require innovative thinking and a strategic mindset. The Schulich Master of Finance (MF) will equip you to lead in the face of change and ambiguity.

CURRICULUM HIGHLIGHTS The intensive 12-month MF places a strong emphasis on real-world application and on technical, communication and decision-making skills. The curriculum provides specialized knowledge on both the buy and the sell side of capital markets, whether in investment banking, risk management, or asset management.

Critical topics in governance, ethics and the legal aspects of finance are also embedded in your studies, preparing you to understand the important contextual dynamics of the industry.

The Schulich MF allows you to chart a course in finance that aligns with your career goals, offering streams in Capital Markets and Financial Risk Management.

You’ll also benefit from the program’s unique Research and Professional Seminar Series, which provide exclusive opportunities to engage with leading scholars and industry experts.

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CAREER OPPORTUNITIES POST-DEGREE The Schulich School of Business is an important recruiting destination for financial service firms looking to acquire top talent. As a result, the MF class sees consistently high placement rates, with over 90% of graduates hired within six months of graduation, based on previous cohort data. Graduates enjoy rewarding careers as analysts or associates at the big five Canadian banks, ICICI and HSBC, at 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 academic rigour of the program, some alumni have gone on to pursue a PhD in Finance.

Schulich School of Business | Master of Finance (MF) 2019 – 2020

FULL-TIME

START DATE

September

COMPLETION

12 months PARTNERSHIP

The Schulich MF covers a significant portion of the CFA body of knowledge.

Benefit from CFA online resources, scholarships and industry events.

“ In addition to valuable technical instruction in the classroom, the Master of Finance program allowed me to develop my soft skills through leadership roles in student clubs, and the confidence to pursue a broad spectrum of roles in finance.”

JULIA SHEHNAZ GUL (MF Candidate ’19)

PROFESSOR GEORGE KLAR BSc (UofT); MBA (York); CFA

Director, Master of Finance Program Adjunct Professor of Finance Teaches: • Capital Markets • Institutional Wealth Management “Professor Klar is very passionate about teaching and knows how to keep students engaged in class. He breaks down challenging concepts by providing real-world examples, and it’s clear to me that his intentions are to better prepare us for real-world challenges. He does a tremendous job in passing along his knowledge.”

WILLIAM WU (MF ’18)

Global Reach. Innovative Programs. Diverse Perspectives.

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MASTER OF FINANCE (MF)

YOUR MF JOURNEY

FALL TERM

Course Work:* • Capital Markets • Intermediate Financial Accounting for Finance Majors • Econometrics of Financial Markets • Financial Management & Valuation

Orientation

ACADEMIC TRACK

• Institutional Wealth Management

*Courses subject to change

4

Professional Development Activities

Introduction to the Career Development Centre

CAREER TRACK

Research Seminar Series

Alumni panel & reception

On-campus recruiting by major financial institutions

Career coaching, networking events, alumni mentorship

Planning your Career in Capital Markets

Professional Seminar Series

Schulich School of Business | Master of Finance (MF) 2019 – 2020

The 12-month Master of Finance grows your analytical, technical and decision-making skills, preparing you for an exciting career in finance. Research and professional seminars enhance the core curriculum and support your personal, academic and professional development.

WINTER TERM

SUMMER TERM

Capital Markets Stream:

Capital Markets Stream:

• Options, Futures & Other Derivative Securities

• Corporate Financial Analysis

• Fixed Income Securities • Venture Capital & Private Equity

Common Coursework: • Analysis of Structured Products Using Excel • Corporate Governance & Securities Law • Financial Risk Management

Risk Management Stream: • Options, Futures & Other Derivative Securities

• Ethical Decision-Making for Finance Professionals

• Fixed Income Securities • Stochastic Calculus in Finance • Corporate Financial Analysis

Risk Management Stream:

Graduation: October Convocation

• Investment Banking

• Advanced Derivative Securities

Just-in-time recruiting

Day on Bay and Asset Management Mixer

Global Reach. Innovative Programs. Diverse Perspectives.

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Student Life Make Life-Changing Connections

Build lasting memories as part of an engaged and diverse student community. Develop your strengths, skills and interests with a host of exciting co-curricular activities.

Participate in Case Competitions Strengthen your presentation skills and master the case method with opportunities to compete in events such as the CFA Ethics Challenge, the National Investment Banking Challenge, and the Women in Capital Markets Case Competition.

Team Schuilch celebrates a second place win at Unilever’s UniGame Case Competition.

Discover New Interests and Passions

The Future of Finance panel: Students join industry experts to discuss opportunities and challenges in the finance industry.

Choose from over 25 student-run clubs and organizations. Network and grow within the finance industry through the Schulich Finance Association, or diversify your focus by joining other clubs based on a region, culture, industry or topic of interest.

Enjoy New Social Activities Join a tightly knit group of students and connect through sports, pub nights and community engagement. Schulich brings you a world of opportunity to expand your interests with students from an array of different backgrounds and regions.

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Schulich School of Business | Master of Finance (MF) 2019 – 2020

The MF class participates in an annual soccer match against neighbouring graduate business schools.

Our Landmark Expansion The Rob and Cheryl McEwen Graduate Study & Research Building

Designed for Schulich graduate students, the McEwen building encourages interdisciplinary research in fields ranging from business ethics and big data, to real estate and infrastructure, and global enterprise.

A NEW HOME FOR LEARNING AND INNOVATION

ALL ABOUT THE FUTURE

The new 67,000 square-foot Rob and Cheryl McEwen

Its unique technological and design features make the

Graduate Study & Research Building provides a variety of unique environments for learning, interaction, teamwork and innovation.

Rob and Cheryl McEwen Graduate Study & Research Building one of the most environmentally sustainable and socially responsible buildings in North America.

A HUB FOR COLLABORATION AND RESEARCH

Features include:

In addition to being an interdisciplinary space for Schulich’s newest academic programs and research facilities, the building is home to the Deloitte Cognitive Analytics & Visualization Lab, as well as Schulich’s

840 m2

27m

of planted green roof area

natural ventilation system driven by the glass solar chimney

Centres of Excellence, including the Centre of Excellence in Responsible Business, the Centre for Global Enterprise, and the Brookfield Centre in Real Estate and Infrastructure.

A STUDENT-CENTRED SPACE

Energy use intensity

Students benefit from a variety of unique spaces to study, work and connect, including a graduate lounge, private group meeting rooms equipped with flat-screen monitors, research labs and a media production centre.

71.4% BELOW THE MODEL NATIONAL ENERGY CODE OF CANADA

7,500 m2 of new landscaped open area, including 3,800 m2 of planted green space

RAINWATER RECAPTURE SYSTEM for green roof irrigation

Global Reach. Innovative Programs. Diverse Perspectives.

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Career Development Shape Your Success

The Schulich Career Development Centre (CDC) offers a wealth of innovative programs and resources to help you accelerate your career and facilitate employment opportunities. Benefit from a variety of resources that have resulted in consistently high placement rates for graduating students.

Career Coaching & Workshops

Corporate Recruitment Events

Our CDC Advisors are certified career coaches who work closely to help you identify your strengths, determine career objectives and develop a tailored plan. Work together through a series of skill-enhancing workshops designed to train you in foundational career search tactics.

Connect with companies such as Scotiabank, RBC, National Bank, BMO, TD Canada Trust, JP Morgan, FINCAD, Canada Pension Plan Investment Board, Boston Consulting and Burgundy Asset Management about career opportunities in their organizations.

MF Advising Program Our customized industry advising program is designed to help you navigate a career in Finance. Enjoy 1-on-1 training, advice from industry leaders, and the opportunity to network with alumni and hiring managers.

Just-in-Time Recruiting Access job and internship postings from companies around the globe, for roles such as Senior Analyst, Risk Management Analyst and Equity Research Associate.

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Schulich School of Business | Master of Finance (MF) 2019 – 2020

“ The Master of Finance trained me deeply in all aspects of becoming a professional; the academic, the technical and the personal. Being in a cohort of diverse backgrounds allowed me to grow in these areas, and to build an international network through teamwork and the exchange of ideas.”

COLE WINSTON (MF Candidate ’19) Associate, Trade Floor Risk Management, Scotiabank

Global Reach. Innovative Programs. Diverse Perspectives.

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Schulich Global Alumni Network Notable Alumni are Leading by Example

When you graduate from Schulich, you become part of one of the largest business alumni networks in Canada. Here’s a brief look at the scope of the Schulich alumni network and a sampling of those who are leading by example.

Connect and benefit from access to the Schulich Global Alumni Network

UPON GRADUATION, JOIN A GLOBAL NETWORK OF OVER

31,000

90

active alumni in

As a student, participate in the

countries

Enjoy exclusive access to Schulich’s Alumni Online Community, which includes

SCHULICH ALUMNI MENTORSHIP PROGRAM

93

or engage with alumni at events and conferences to gain key insights into the industries and careers that you’re passionate about.

62

Bharat Masrani (BBA ’78, MBA ’79, Hon LLD ’17) Group President & CEO, TD Bank Group Member, Dean’s Advisory Council

global alumni chapters in

countries

Take advantage of life-long professional development activities, career management resources, and alumni events.

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Schulich School of Business | Master of Finance (MF) 2019 – 2020

Kathleen Taylor, CM (MBA/JD ’84, Hon LLD ’14) Chair of the Board, Royal Bank of Canada (RBC) & Sick Kids Foundation Member, Dean’s Advisory Council

Diversity. Community. Opportunity.

Build a Life and a Career

Feel at Home in Canada

The Toronto Advantage

51%

of Toronto’s population was born outside of Canada

CAD $ 332 billion economy Ranks among the

TOP TEN MOST LIVABLE CITIES IN THE WORLD Economist Intelligence Unit, 2018

Ranked in the

TOP 5

nd

2 LARGEST Financial centre in North America

Access the city’s vibrant downtown core in just

30 MINUTES

BY SUBWAY

Our campus is enriched by international students from over

44

DIFFERENT COUNTRIES

Plan Your Life, Post-Degree Come to Schulich for your Masters degree and have the option to launch either an international career, or stay in Canada to build a life and career through favourable immigration pathways.

Attend sessions on work permits and permanent residence options, or book individualized advising with Schulich’s International Student Support Specialist.

cities in the world to do business

International Student Support Schulich provides in-house programs, services, and immigration support to help international students navigate the transition to Canada and plan for the future. Benefit from a pre-arrival webinar, buddy programs, English Language Peer Support, and New to Canada Orientation.

Source (unless specifically indicated): Toronto Global

Global Reach. Innovative Programs. Diverse Perspectives.

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Admission Requirements What’s Required to Begin Your Journey

REQUIREMENTS

MF Master of Finance

GPA

B+

PREREQUISITE COURSES IN HONOURS PROGRAM

Calculus, Economics, Statistics

GMAT/GRE

GMAT or GRE

ESSAYS

2 video, 2 written, 1 timed written

REFERENCE LETTERS

2 reference letters

WORK EXPERIENCE

Recommended but not required

(Waived for CFA Level 1 holders and CPAs)

1

2

PROOF OF STUDY COMPLETED IN ENGLISH:

2 years minimum (must be full-time study) at an accredited university in a country (or institution) where English is the official language of instruction

LANGUAGE PROFICIENCY*

IELTS (ACADEMIC TEST):

7.0 (minimum 6.5 on each dimension) * Applicants must produce proof of language proficiency in one of the three ways listed.

TOEFL:

100 (minimum 23 on each dimension) AuguSt 2020 entry

ADMISSIONS DEADLINES

Round Round Round Round

1: Nov. 15, 2019 2*: Jan. 15, 2020 3: Mar. 12, 2020 4**: Apr. 30, 2020

* International students are strongly encouraged to apply by Round 2 to allow for sufficient study permit processing time. ** Late applications may be accepted pending space availability.

One academic reference is recommended.

For applicants holding a 3-year degree, one year of full-time, post-graduate work experience is required.

1 2

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Schulich School of Business | Master of Finance (MF) 2019 – 2020

Tuition Fees Figures are based on the currently approved fee framework. Fees listed below include tuition and essential supplementary fees. For details on student health plans and non-essential fees, visit the York Student Financial Services website: sfs.yorku.ca/fees. Fees are subject to change.

All fees are in Canadian dollars (CAD)

MF

TUITION PER TERM*

DOMESTIC STUDENTS

INTERNATIONAL STUDENTS

Canadian Citizen or Permanent Resident

Visa/Study Permit

$ 17,912

$ 25,395

*The MF requires three terms of study to complete.

Cost of Living LIVING EXPENSES IN TORONTO 1 (1 Term = 4 months) Books /Course Materials

$

750

Rent (on campus) 2

$ 5,000

Food

$ 1,500

Personal Expenses

$ 1,000

Health Insurance: UHIP (international students only) 3 GSA 3

$ 210 $ 160

APPROXIMATE COST PER TERM

$

8,620 4

Figures are approximations and intended only as a budget guide for students studying full-time. Costs are listed in Canadian dollars.

Off-campus housing varies in price from $500 – $ 1,200 per month depending on the location and options. For on-campus accommodation visit: yorku.ca/stuhouse.

3 Participation in the University Health Insurance Plan (UHIP) is mandatory only for international students while in Toronto. The Graduate Student Association (GSA) plan is for dental and drug coverage (mandatory for all domestic and international full-time students unless student has alternative coverage). Coverage for spouse/family is available. Health/Drug/Dental plan rates are subject to change.

4 Subtract UHIP cost for domestic student total.

1 2

Financial Aid We welcome the opportunity to discuss ways to finance your education and the return on investment our programs offer. Send us an email at: finaid@schulich.yorku.ca or visit: schulich.yorku.ca/financial-aid.

LINE OF CREDIT FOR DOMESTIC STUDENTS Visit schulich.yorku.ca/financial-aid/loans for a list of partnered banks and preferred rates for domestic students in professional programs.

LOAN PROGRAMS To learn more about funding opportunities for domestic and international students, please visit: schulich.yorku.ca/financial-aid/loans.

ADDITIONAL FINANCIAL AID • Support for case competitions • Partnerships with:

Schulich Masters Programs provide students with the technical skills and career preparation they need to pursue dynamic roles across a broad spectrum of industries. schulich.yorku.ca

LEARN MORE ABOUT THE SCHULICH EXPERIENCE 1. Visit us online: schulich.yorku.ca 2. Join us for an on-campus event or online information session.

Register at: schulich.yorku.ca/events 3. Meet one-on-one with our admissions team, in person, on the road or online to discuss your profile.

Register at: schulich.yorku.ca/grad-inquiry

SCHULICH SCHOOL OF BUSINESS Seymour Schulich Building Rob and Cheryl McEwen Graduate Study & Research Building York University, 4700 Keele Street Toronto, Ontario, Canada M3J 1P3

CONNECT WITH US Learn about us at: schulich.yorku.ca Follow us on Twitter: @SchulichSchool Watch us on YouTube: youtube.com/user/SchulichSchool Connect with us on LinkedIn: linkedin.com/company/schulichbusiness Like us on Facebook: facebook.com/SchulichSchool Email us at: admissions@schulich.yorku.ca

Global Reach.

Innovative Programs.

Diverse Perspectives.

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