Schulich MF Viewbook 2023

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2023 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 an expert and gain a competitive advantage in the booming field of Big Data.

MMAI

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

MMgt

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.

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.

On the cover: Harsh Doshi (MF ’21) Audit Manager, Scotiabank


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. Find your pathway to success and achieve your career objectives with a specialized Schulich Masters degree.

Detlev Zwick, PhD Dean & Tanna H. Schulich Chair in Digital Marketing Strategy Schulich School of Business

Canada’s Top-Ranked Business School Global Reach. Innovative Programs. Diverse Perspectives. Schulich MBA: #1 IN CANADA ( Forbes, Corporate Knights, CNN Expansión) #4 IN THE WORLD ( Corporate Knights) TOP 25 IN THE WORLD for careers in Finance, Marketing & Operations Management (QS TopMBA) Kellogg-Schulich Executive MBA: #1 IN CANADA ( QS TopMBA) #7 IN THE WORLD (QS TopMBA Joint Programmes)

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 decisionmaking 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.

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. OPPORTUNITIES POST-DEGREE Schulich is an important recruiting destination for financial services firms looking to acquire top talent. As a result, the MF class sees consistently high placement rates. Graduates enjoy rewarding careers at the big five Canadian banks, HSBC, Mackenzie Investments, Bain and Co, and MUFG Investor Services as well as consultancies including KPMG, EY, Deloitte and PwC. Graduates of the MF program may be eligible for up to one term of advanced standing in the Schulich MBA.

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

Program Director, Master of Finance; Professor of Finance “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 2

Schulich School of Business | Master of Finance (MF) 2023

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.


“ 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 GUL (MF ’19) Equity Research Associate, National Bank Financial

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 Centre for Career Design

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) 2023


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

Day on Bay and Asset Management Mixer

Career Ready!

Just-in-time recruiting

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 impressive 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. Schulich wins 2nd place at the AIMA Case Competition 2022.

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) 2023

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, the George Weston Ltd. Centre for Sustainable Supply Chains, 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 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.

Energy use intensity

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 Centre for Career Design (CCD) 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 Our CCD 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 advanced career search tactics.

MF Advising Program

Corporate Recruitment Events

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.

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.

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) 2023


Master of Finance (MF) Student Success Report

CLASS OF 2021 EMPLOYMENT AT A GLANCE

88% 78% $82,400

of students were hired within 6 months of graduation* of students participated in the survey

Average salary

16

Number of firms that hired Schulich MF students

Key Firms Fidelity Canada

QuadReal Property Group

Mackenzie Investments

Royal Bank of Canada

PwC

S&P Global

Deloitte

TD Bank

Sample Roles Analyst, Investment Performance & Analytics

Investment Banking Analyst

Audit Manager

Senior Associate, Deals, Value Creation

Credit Risk Analyst Financial Analyst INDUSTRY COVERAGE Financial Services Venture Capital

Accounting Real Estate

Supply Chain & Operations Analyst

CLASS OF 2021 DEMOGRAPHICS AT A GLANCE

Student Demographics Average Age Years of Work Experience Male Students Female Students

24 0–4 44% 56%

Prior Degrees Arts

Cole Winston (MF ’19) Senior Manager, Trade Floor Risk Management, Scotiabank

Business Other

8% 87% 6%

*As per MBACSEA Guidelines. 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

34,000 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) 2023

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 $ 364 billion economy

2nd LARGEST Financial centre in North America

30 MINUTES BY SUBWAY

Resonance Consultancy World’s Best Cities Report, 2021

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

THIRD LARGEST TECH SECTOR

44

DIFFERENT COUNTRIES

Access the city’s vibrant downtown core in just

RANKS #1 IN CANADA AND #4 IN NORTH AMERICA

Economist Intelligence Unit, 2021

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.

in North America New York Times, 2022

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 pre-arrival webinars, Buddy program, English language peer support, New to Canada orientation, immigration information sessions, 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 (the GMAT/GRE Online Exam is acceptable) Waived for holders of CFA Level 1 or higher and candidates who have completed FRM Part I or higher

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 2023 ENTRY

ADMISSIONS DEADLINES

Round Round Round Round

1: Oct. 5, 2022 2*: Jan. 25, 2023 3: Apr. 5, 2023 4**: June 7, 2023

* 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) 2023


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*

$ 17,995

$ 28,041

ESTIMATED PROGRAM TOTAL**

$ 54,000

$ 84,100

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. Subject to change. Tuition and fees reassessed annually.

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

$ $

252 170

APPROXIMATE COST PER TERM

$

8,672 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 $1,000 – $ 1,500 per month depending on the location and options. For on-campus accommodation visit: yorku.ca/housing. 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. GSA costs are based on the 2021-2022 academic year. 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. 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.

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