Master of Finance (MF) Viewbook 2022

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2022 Masters Programs

Schulich School of Business

MF Master of Finance


Earn the credentials you need for the career you want, with a highly specialized 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 and FRM 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 a leader 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: Julia Gul (MF ’19) Equity Research Associate, National Bank Financial


MESSAGE FROM THE DEAN

Shape Your Future

Today’s global business landscape is complex, disruptive and increasingly digital. Managing effectively requires deep specialized knowledge, team building and leadership skills, and the ability to think creatively. It also requires resiliency, adaptability and the capacity to work in diverse environments. And it requires ethical business leaders with the skills and courage to tackle the social, economic and environmental challenges facing business today. At the Schulich School of Business, we have developed eight distinct specialized Masters programs that will equip you to thrive in a fast-changing and exciting business world. 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. Acquire the very latest in management learning and practice in one of the industries where we are global leaders, including marketing, business analytics, real estate and infrastructure, supply chains and artificial intelligence. Find your pathway to success and achieve your career objectives with a Schulich 12-month Masters degree.

Detlev Zwick, PhD Interim Dean Schulich School of Business

Canada’s Top-Ranked Business School Global Reach. Innovative Programs. Diverse Perspectives. Schulich MBA: #1 IN CANADA (The Economist, Forbes, CNN Expansión) Top 25 in the World for Careers in Finance, Marketing & Operations Management (QS TopMBA) Kellogg-Schulich Executive MBA: #1 IN CANADA ( The Economist , Financial Times, QS TopMBA) #7 IN THE WORLD (QS TopMBA) #9 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

PROGRAM PARTNERSHIPS

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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The Schulich MF is also a program partner of the Financial Risk Manager (FRM) designation offered by the Global Association of Risk Professionals (GARP). The MF curriculum covers at least 70% of the FRM’s level one exam, preparing you for two levels of the FRM exams after completing the degree. As a MF student, you are entitled to access GARP online resources free of charge. Students are also eligible to apply for GARP’s scholarships and fellowship and invited to join GARP’s networking events. 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) 2022

FULL-TIME

START DATE

September

COMPLETION

12 months PARTNERSHIPS

The Schulich MF covers a significant portion of the CFA and FRM body of knowledge. Benefit from CFA and GARP online resources, scholarships and industry events.


PROFESSOR MELANIE CAO BSc (HUST, China); MA (HUST, China); MBA (Ottawa); PhD (UofT)

Program Director, Master of Finance Professor of Finance “The increasing globalization and application of high technology in the financial sector have created the need for recognized qualifications for finance professionals. The Master of Finance degree is a “must-have” degree for people pursuing a career in asset management, capital markets and risk management. It not only provides the intensive industry grounding, but also offers curriculum for the accelerated CFA and FRM pathway to launch a successful career in the modern financial industry.” PROFESSOR CAO

“ The Schulich Master of Finance offered me the chance to explore the financial industry and gain the skills to realize my ambition.” YUNFAN WANG (MF ’17) Senior Credit Analyst, TD

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

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Professional Development Activities

Introduction to the Career Development Centre

CAREER TRACK

Research Seminar Series

Alumni panel & reception

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) 2022


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, social 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) 2022

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

Its unique technological and design features make the 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 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.

840 m2

27m

of planted green roof area

natural ventilation system driven by the glass solar chimney

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) 2022


“ 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 ’19) Manager, 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

33,000 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.

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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) 2022

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

2nd LARGEST Financial centre in North America

30 MINUTES BY SUBWAY

TOP TEN MOST LIVABLE CITIES IN THE WORLD Economist Intelligence Unit, 2019

Economist Intelligence Unit, 2021

THIRD LARGEST TECH SECTOR in North America

44

DIFFERENT COUNTRIES

Access the city’s vibrant downtown core in just

SAFEST CITY IN CANADA, AND 2nd SAFEST CITY IN THE WORLD

Ranks among the

Our campus is enriched by international students from over

Plan Your Life, Post-Degree A Schulich Masters gives you the option of launching a career internationally, or the opportunity to work in Canada after graduation. Upon completing your degree, you can explore Canada’s advantageous immigration pathways available to assist you in building your ideal career. Attend sessions on work permits and permanent residence options, or book individualized advising with Schulich’s International Student Support Specialist.

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 study permit and arrival webinars, Peer Mentor program, English Language Peer Support, International Student Orientation, 1:1 international student advising and social events.

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

Candidates must possess a strong quantitative background

GMAT/GRE

1

GMAT or GRE (Waived for CFA Level 1 holders and CPAs) The GMAT/GRE Online Exam is acceptable

ESSAYS

2 video, 2 written, 1 timed written

REFERENCE LETTERS

2 reference letters

WORK EXPERIENCE

Recommended but not required

2

3

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) The IELTS online Academic Test is acceptable

TOEFL: * Applicants must produce proof of language proficiency in one of the three ways listed.

100 (minimum 23 on each dimension) The TOEFL iBT Special Home Edition test is acceptable

SEPTEMBER 2022 ENTRY

ADMISSIONS DEADLINES

Round Round Round Round

1: Sept. 30, 2021 2*: Jan. 13, 2022 3: Mar. 10, 2022 4**: Apr. 28, 2022

* 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.

1 Applicants with undergraduate degrees from recognized institutions in technical disciplines such as mathematics, science, engineering, or economics, would automatically meet this requirement. Applicants may also demonstrate the required level of quantitative skills via the completion of at least two courses at recognized institutions from these fields: calculus, statistics, economics, linear algebra, probability theory or other quantitative courses. Visit schulich.yorku.ca/programs/mf for full details. 2 One academic reference is recommended. 3 For applicants holding a 3-year degree, one year of full-time, post-graduate work experience is required.

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Schulich School of Business | Master of Finance (MF) 2022


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

INTERNATIONAL STUDENTS

Canadian Citizen or Permanent Resident

Visa/Study Permit

TUITION PER TERM*

$ 17,982

$ 26,714

ESTIMATED PROGRAM TOTAL**

$ 53,950

$ 80,150

All fees are in Canadian dollars (CAD)

MF

* The MF requires three terms of study to complete. ** Estimated Program Total is calculated by multiplying current tuition fees by the average number of terms required to complete the program. Estimates are rounded to the nearest $50 CAD.

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

$

Rent (on campus)

$ 5,000

Food

$ 1,500

2

750

Personal Expenses

$ 1,000

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

$ 252 $ 167

APPROXIMATE COST PER TERM

$

8,669 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. www.schulich.yorku.ca

LEARN MORE ABOUT THE SCHULICH EXPERIENCE

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Global Reach. Innovative Programs. Diverse Perspectives.

Rob and Cheryl McEwen Graduate Study & Research Building

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