M F IN

MASTER OF

F I N A NR O G RE M C A P

 What the Rotman School is doing may be the most important thing happening in management education today.
Peter F. Drucker (19092005)

The Rotman advantage

How were reinventing business education 1

Program overview
A program designed for finance professionals 2

Your career
On the fast track to leadership 4

Thought leaders
Our Finance faculty ranks among the worlds finest 10

Where theory meets practice

Turning classroom learning into real-world experience 14

The world is taking notice

What people are saying about Rotman 16

Admission requirements
How to apply and what were looking for Financing your future Answers to frequently asked questions 18 20 22

Where we stand
BusinessWeek ranks Rotman in the International Top Ten (October 2008)
The Financial Times ranks Rotman: Top 20 worldwide for faculty research Top 20 worldwide for alumni recommendations 9th worldwide for international faculty (January 2009)

The Rotman advantage

The past few years have seen unprecedented changes and challenges to the worlds financial markets. Understanding these challenges and developing a firm grasp of what fundamental forces will shape the future of finance requires more sophisticated knowledge and skills than ever before. Aspiring finance leaders need more than technical training: they need to understand the overall business and market environment in which financial decisions are made, and they must have the management skills necessary to implement their ideas. Its an exciting time to be at the Rotman School. Located in North Americas third-largest financial centre, and part of Canadas top teaching and research university, Rotman has all the advantages of its global peers, plus a bold new vision for business education that cannot be found anywhere else. If your aim is to accelerate your career and broaden your knowledge of finance, you have come to the right place. At the Rotman School, we provide you with a transformational learning experience that empowers you to think through the complexities of modern finance and drive action in a quickly-changing world. Our curriculum was developed in consultation with the financial community: it combines modern financial theory, analytical and practical tools, as well as managerial and leadership skills. You will be learning from some of the worlds best finance faculty, and will be motivated to excel by the high calibre of your classmates accomplished finance professionals who will enrich your learning in many ways. The MFin program will transform your life and dramatically expand your potential, giving you the knowledge and skills you need to become a high-value decision maker in the global economy. We wouldnt have it any other way.

The Rotman Master of Finance program is best in its class and sets a new standard for finance training. I am confident that the broad-based nature of the program, coupled with the Schools world-class faculty, will deliver the kind of candidate the business community requires.
Chak Raghunathan, Chief Risk Officer & Head of Risk Management, Apollo Management LP

 A Rotman Master of Finance degree offers the balance of theoretical expertise and applied finance training that is highly sought after in the business community. I am deeply impressed by the calibre of graduates emerging from this program.
Bill Downe, MBA 78, President and CEO, BMO Financial Group

Program overview
The Master of Finance program is designed for finance professionals who want to pursue advanced training on a part-time basis while maintaining their career momentum in their chosen field.

A specialized curriculum
Completed over 20 months, Master of Finance courses have been specifically developed for the program, providing some of the most comprehensive theoretical and practical finance training currently available in the world. The courses are designed with content that extends beyond that of a CFA or other professional finance program. Rotman is offering in-depth knowledge to exceptional students in a co-operative classroom setting.

A unique schedule
The program begins each year in mid-August with Orientation and Pre-Course activity, which are designed to get students back into an academic mindset. Courses begin in late August, with classes delivered one evening per week and full-days on alternating Saturdays.

Find out more Curriculum rotman.utoronto.ca/mfin/course.htm

Class of 2011
Class size Average age Average work experience Women Men CFA 31 31 years 7 years 16 % 84 % 48 %

Curriculum
Master of Finance students will follow a set curriculum of integrated courses.*

First year
Fall Term Late August December Foundations of Finance Firms, Deals and The Economy Analysis of Fixed Income Markets Spring Term January April Derivatives Portfolio Management and Trading Risks Financial Reporting and Financial Statement Analysis Summer Term May July Corporate Finance and Valuation Applications of Derivatives Products

Second year
Fall Term Late August December Finance Theory Investment Banking Advanced Accounting Topics for Finance Spring Term January April Risk Management and Financial Institutions Investments Leadership and Decision Making in Finance

* On occasion, the curriculum may be altered to better reflect new developments in the financial markets.

 The Rotman MFin produces decision makers who understand and appreciate complex finance issues in a global context. Bay Street needs more of the sort of high-level finance professionals that this program is designed to produce.
Ron Lloyd, Chairman and CEO, Credit Suisse Canada

Your career
Earning an MFin at the Rotman School will make you one of the most qualified finance leaders in your organization. The finance faculty at Rotman has many longstanding close ties to the financial community. This symbiotic relationship will only deepen as MFin graduates continue to take their place in the business community, making MFin an ideal career vehicle for the best and most talented finance professionals. MFin students are employed in areas such as investment banking, commercial banking, fund management, trading and risk management, and corporate finance. A vital link between technical and non-technical employees in financial institutions, they are on track to leading a finance functional area. By learning about business finance as opposed to just quantitative skills, MFin graduates are superb candidates for the top finance positions in any institution. Rotman Master of Finance graduates are much more than finance experts: they are tomorrows finance leaders. degree, we recognize how important it is for you to have a job that is aligned with your ideal career path. One of the key benefits of the program is the access you will gain to the programs Career Coach, who is dedicated to MFin students. An expert in career management, the Career Coach will provide you with an assessment to help structure your job search, advice on how to position yourself in the market, plus an array of online career tools and resources to help you achieve your potential. As a Rotman MFin graduate, you will join a thriving alumni network of more than 17,000 business graduates of the University of Toronto, who occupy leadership positions in 71 countries worldwide. Our alumni programs will enrich your life for years to come and keep your personal network robust. We encourage graduates to stay connected with their classmates through the Rotman Alumni Portal and a complimentary lifetime Rotman e-mail account, which ensures your classmates are always just a keystroke away. Year round, you will be invited to network with fellow alumni at events that feature a roster of exciting speakers and offer an opportunity to expand your business circle with new contacts. At Rotman, we make it easy for you to get connected, and even easier to stay connected.

Career services
Rotman graduates face demanding expectations and tough competition in the job market. While there are many ways to measure the return on investment of your

Meet some recent students and graduates

The MFin program is expanding my skill set and providing valuable experience that I can immediately apply in a real business setting. Asher Chohan, CFA, MFin 10
Current position
Associate, Diversified Global Asset Management (DGAM)

Prior education
Bachelor of Commerce, Specialist Management and Economics, University of Toronto

 The Rotman MFin is designed for those who are looking for in-depth training while maintaining their career development. Students are exposed to advanced skills and concepts that they simply wont find anywhere else. Oleg Nikiporets, CFA, FRM, CAIA, MFin 09
Current position
Performance Analyst, TD Canada

Prior education
MBA, International Management Institute, Kiev, Ukraine Bachelor of Science and Financial Management, International Science and Technology University, Kiev, Ukraine

With its world-renowned faculty, unique curriculum, and high-calibre classmates, the Rotman MFin is the best program for anyone serious about a long-term career in Finance. George Liu, MFin 10
Current position
Associate, Risk Management, CIBC

Prior education
Bachelor of Arts, Applied Economics, Queens University Bachelor of Applied Science, Computer Engineering, Queens University

 As a Rotman MFin student, you are learning from the best. The Schools professors have strong ties to the local financial community and have built a strong reputation for their expertise and industry experience. Krati Chhajer, CFA, MFin 09
Current position
Associate, Global Risk Management Rotation Program, Scotiabank

Prior education
Bachelor of Commerce and Finance, University of Toronto

 Because the Rotman MFin is a specialized program, it tends to attract students who are already established in their respective fields. With so many talented people in the classroom, the level of discussion is extraordinarily high. Lisa Gruosso, MFin 10
Current position
Risk Analyst, CIBC

Prior education
Bachelor of Commerce, Carleton University

Notable Rotman alumni include

Eduardo Bento Vidal, MBA 00 Managing Partner, Green Capital Investments, So Paulo, Brazil Rachel Brandes, MBA 97 Vice-President, Finance, and CFO, VISA Canada John Cassaday, MBA 81 President and CEO, Corus Entertainment Kevin Dougherty, MBA 98 President, Sun Life Global Investments, SunLife Financial Canada Lindsay Duffield, MBA 85 Past President and CEO, BMW Group Canada Patrick Fung, MBA 73 Chairman and CEO, Wing Hang Bank, Hong Kong Glen Ladouceur, MBA 92 Past Chairman and Senior Partner, KPMG Barbados Joseph L. Rotman, MComm 60 Chairman and CEO, Roy-L Capital Corp. Ali Salahuddin, MBA 96 Managing Director and Global Head, Equity Derivatives, Scotia Capital Thomas Sears, MBA 88 Vice-President, Reinsurance, RBC Insurance Marni Wieshofer, MBA 91 Senior Vice-President, Corporate Development and M&A, Media Rights Capital, Los Angeles, CA Mark Wiseman, JD/MBA 96 Senior Vice-President, Private Investments, Canada Pension Plan Investment Board

Combine the interactive classroom experience with a curriculum that is broader than that of any other graduate-level finance program, and you have a rich, one-of-a-kind learning opportunity. Scott Cuthbert, CFA, MFin 09
Current position
Senior Analyst, TD Bank

Prior education
Bachelor of Mathematics, University of Waterloo

 Professionals seeking to stay current in a rapidly evolving financial landscape would do well to take advantage of the in-depth and cutting-edge training offered by the Rotman Master of Finance program. Greg Mills, Head of Global Equities, RBC Capital Markets

Thought leaders
In five of the last six years, the Financial Times has ranked Rotman in the Top 10 worldwide for its Best in Finance category, alongside Wharton, NYU and London Business School. With a faculty roster that boasts some of todays top finance thought leaders and world-class research capabilities, Rotman represents the pinnacle of academic achievement in finance today. Our professors have built a stellar reputation for their groundbreaking research, their published work, and their authoritative insight into Finance issues. They will be your teachers, mentors and team builders, spurring you to think in ways you never imagined. One of the best things Ive enjoyed about the MFin program has been the exposure it has given me to such brilliant minds, says Alejandro Trueba, MFin 10. The professors are experts in their fields, and they challenge their students to excel.

has given students and members of the local business community an opportunity to learn from some of todays leading finance experts. The insights of these scholars and highly-regarded professionals have an extraordinary impact on audiences. Speakers to date include:

Richard Cantor, Managing Director, Moodys Investors Service Dan Coholan and Pierre Fleurent, Managing Directors, RBC Capital Markets Marianne Harris, Managing Director and President, Merrill Lynch Canada John Hull, Maple Financial Group Chair in Derivatives and Risk Management, Rotman School Bryan Osmar, Senior Vice-President, RBC Financial Group Satish Rai, Vice-Chair, TD Asset Management, and Senior Vice-President, TD Bank Financial Group Sean Rogister, Senior Vice-President, Ontario Teachers Pension Plan

The World Comes to Rotman

Since 2007, the Rotman Master of Finance Speaker Series

Find out more Rotman faculty biographies rotman.utoronto.ca/faculty.htm Rotman MFin Speaker Series rotman.utoronto.ca/mfin/speakers.html

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Meet some of the worlds leading finance thinkers

Heather-Anne Irwin
Adjunct Professor of Finance MBA, Schulich School of Business, York University Heather-Anne Irwin has been involved in the capital markets industry for 16 years, as an investment banker (both in finance and M&A), new issue equity specialist, and in fixed income with Citicorp (New York) & Citibank Canada, Nesbitt Burns Inc, and TD Securities Inc. The founding president of Women in Capital Markets, she has been teaching Finance at the Rotman School since 2003 and has had the honour of being named Professor of the Year, a Graduate Business Council Award.

Alan White
Peter L. Mitchelson/SIT Investment Associates Foundation Chair in Investment Strategy and Professor of Finance PhD, University of Toronto A member of the Moodys academic advisory panel, White is associate editor of The Journal of Derivatives. He is well known for his work with Professor John Hull on stochastic volatility, as well as for the Hull-White interest rate model, used by financial institutions in trading rooms globally. His current research is predominantly in the valuation of executive stock options and the analysis of credit risk.

Jan Mahrt-Smith
Associate Professor of Finance Program Co-Director, Master of Finance PhD, Massachusetts Institute of Technology MBA 1st year Professor of the Year (2003) Roger Martin and Nancy Lang Award for Excellence in Teaching at Rotman (2005) A faculty member in the Finance area of the Rotman School since 2002, he is one of four Canadian recipients of the HP Technology for Teaching in Higher Education Grant His research interests include corporate finance, capital structure, and valuation.

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John Hull
Program Co-Director, Master of Finance PhD, Cranfield University Professor of Finance and Maple Financial Group Chair in Derivatives and Risk Management Recognized as one of the worlds pre-eminent derivatives experts, John Hull was voted the academic who has made the biggest contribution to the derivatives industry in the last five years at the 2006 Global Derivatives Conference in Paris. He is the author of Options, Futures, and Other Derivatives, now in its seventh edition, Fundamentals of Futures and Options Markets, now in its sixth edition, and Risk Management and Financial Institutions, now in its second edition. All are widely used in trading rooms and business schools around the world.

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Alexandra Mackay
Senior Lecturer in Finance PhD, York University Professor of the Year Teaching Excellence Award, MBA (2002) Roger and Nancy Martin Award for Excellence in Teaching (2000) Harvey Rorke Memorial Prize (1998) A faculty member in the Finance area of the Rotman School since 1996, MacKay is academic director of the South African Banking Sector Education and Training Authority (BANKSETA) program. Her research interests include risk management in deregulated network industries and efficiency of fixed income markets in Canada.

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 Rotman Interactive Trader (RIT) enables students to apply, critically examine, and develop what they have learned in the classroom using applications that they will find in the workplace. This initiative is a prime example of our learningby-doing approach. Prof. Tom McCurdy, Founding Academic Director, Financial Research and Trading Lab

Where theory meets practice

Rotman Financial Research and Trading Lab
In recent years, financial markets have grown exponentially in size and exposure. With increasing globalization, market and corporate developments require rapid, accurate, and in-depth analysis. To enable its students to remain competitive in this environment, the Rotman School runs its own Financial Research and Trading Lab (FRTL). This state-of-the-art facility combines some of the most advanced computer hardware with sophisticated financial analysis software and databases. The FRTL enhances the MFin Programs teaching and training by providing students with direct access to the global financial community and its resources in a realtime setting. The Lab contributes to the integration of theory and practice by delivering hands-on experience that enhances the global competitiveness of our students. MFin students have full access to all of the resources available in the FRTL. Highlights include:

Rotman Portfolio Manager

Rotman Portfolio Manager is the latest software application to be launched by the Financial Research and Trading Lab. This application provides a sophisticated portfolio and risk management platform that links to the real-time data feeds in the FRTL. The RPM application allows users to purchase and sell stocks, options, futures, and fixed income investments from North American markets. Students can practice investment selection, portfolio management, and risk management strategies in a secure and realistic environment that is virtually identical to those used by finance professionals on Bay Street and Wall Street. The Portfolio Manager application, as well as the resources provided by the FRTL, feature prominently in MFin courses such as Portfolio Management and Trading Risks.

Rotman Interactive Trader

Rotman Interactive Trader is a breakthrough tool in trading education. The software, developed at Rotman, creates a real-time trading environment where participants are presented with challenging situations designed to teach different types of investment, trading, and hedging strategies in a hands-on manner. The software supports equity, fixed income, and derivatives products, and presents students with case studies that challenge their ability to apply theory to practical situations.

Data feeds from Bloomberg, Reuters 3000 Xtra and Reuters Station Access to key research databases: DataStream, ExecuComp, Reuters DealScan, SDC Platinum Global New Issues, I/B/E/S, Optionmetrics, NYSE TAQ and many more

Practical application: Software including Rotman Interactive Trader, Rotman Portfolio Manager, Portfolio Chooser and Capital IQ

Find out more Rotman Interactive Trader rit.rotman.utoronto.ca

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Portfolio Management Project

The MFin Portfolio Management Project is designed to give students an opportunity to transfer their theoretical knowledge from the classroom into practical application through an innovative group project that they participate in over a 14-month period. Beginning in the spring semester of the first year, and drawing on the resources of the Financial Research and Trading Lab, this progressive project involves the development and implementation of an investment strategy based on a specific set of client objectives.

The Investment Project is facilitated by Professor Eric Kirzner, the John H. Watson Chair in Value Investing at the Rotman School. The capstone of this project is the presentation of students fund objectives and performance to a board of faculty and industry professionals. Usually these types of projects last only a few months, says Professor Kirzner. Being able to run the project over such an extended period makes it a particularly effective learning experience for MFin students.

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Were transforming business education

More valuable than what the Rotman School says about itself is what the worlds media, business and thought leaders say about us. October 2009
Dean Roger Martin is named as one of the worlds 50 most influential living management thinkers in the Thinkers 50 ranking published in The Times (London, UK).

March 2008
Professor Mihnea Moldoveanu, director of The Desautels Centre for Integrative Thinking, is featured on the cover of Canadian Business magazines Reinventing the Leader issue. A few weeks later, he is named one of Canadas Top Forty Under Forty.

June 2009
Dean Roger Martin is the sole academic named to Canadian Business magazines list of The 25 Most Influential People in Business.

September 2007
The dynamic character of todays Rotman School of Management has to mark one of the more rapid and radical transformations in the annals of North American business education. The current sense of urgency at Rotman is personified by the likes of Richard Florida, the high-profile U.S. urban-studies guru recruited by Dean Roger Martin last summer. David Olive, The Toronto Star, September 20, 2007.

May 2009
[With the current pace of change,] knowing something is not going to help you: managers must dynamically respond to what needs to be done. Thats what the Rotman School is teaching, and its what will keep people relevant in tomorrows world. Nandan Nilekani, Co-Chairman and Co-Founder of Infosys Technologies, speaking at the Rotman School

August 2007
Dean Roger Martin is named one of ten B-School All-Stars who are revolutionizing business education by BusinessWeek.com. Martin is cited for his belief that corporate managers should become flexible problemsolvers, not sophisticated numbers-crunchers. He is the only non-American and current business school dean to make the list. Other All-Stars include Harvards Michael Porter and Clayton Christensen, Jeremy Siegel of the Wharton School, Steven Levitt of the University of Chicago, and Warren Bennis of the University of Southern California.

March 2009
How the Crash Will Reshape America by Richard Florida, director and professor of Business and Creativity at the Martin Prosperity Institute, is featured on the cover of The Atlantic.

January 2009
In its 2009 ranking of full-time MBA programs worldwide, the Financial Times ranks Rotman 47th in the world, and top 25 in North America. The School ranks in the top 20 worldwide for research, for its PhD program and for alumni recommendations.

June 2007
How Successful Leaders Think by Dean Roger Martin is the cover story of the June issue of Harvard Business Review. The article introduces the concept of Integrative Thinking to the readership of the worlds most important business journal, and previews Martins forthcoming book: The Opposable Mind: How Successful Leaders Win Through Integrative Thinking (Harvard Business School Press, 2007).

November 2008 In BusinessWeeks 2008 Best International Business

School rankings, the Rotman School ranks number three for intellectual capital (after LBS and INSEAD), number five by the business community in the corporate poll, and number eight overall.

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and the world is taking notice

January 2006
Dean Roger Martin facilitates two workshops for business leaders at the World Economic Forum in Davos, Switzerland: the CEO Series session, Whos Choosing Whom? and The Big Debate: Setting the Business Agenda. He is also a panellist for the Prepping for the Creative Economy session.

June 2004
Dean Roger Martin is quoted heavily in Fast Company magazines Masters of Design issue about his belief that we are on the cusp of a design revolution in business.

April 2004 The Globe and Mail names Dean Roger Martin and
Rotman Adjunct Professor Don Tapscott two of the top three management theorists in Canada, based on a survey of CEOs.

November 2005 In the Financial Times homage to management guru

Peter F. Drucker, Simon London writes, A handful of enlightened business school deans [such as] Roger Martin at the University of Torontos Rotman School are starting to preach the gospel of integrated thinking, cross-disciplinary studies and learning-by-doing.

September 2003
Schools like Rotman are focusing on changing how people think about business an essential element in changing what they do and how they manage. Jeffrey Pfeffer, Thomas D. Dee II Professor of Organizational Behaviour, Stanford Graduate School of Business and author of Hard Facts, Dangerous Half-Truths and Total Nonsense: Profiting from Evidence-Based Management (with Robert Sutton), in Rotman Magazine.

August 2005 BusinessWeeks Special Report: Get Creative! features

Dean Roger Martin as one of seven Innovation Gurus. Martin the sole academic in the group is called the leading proponent of design thinking at business schools. He sees value in the designers approach to solving problems the integrative way of thinking and problem-solving that can be applied to all components of business. The Rotman School is listed in the same issue as one of four MBA programs that get it.

April 2003
Rotman students are learning to think in new and unique ways; thats incredibly important. They will bring these thinking skills to the organizations that they join. New thinking is whats needed in the competitive global marketplace today. A.G. Lafley, CEO, Procter & Gamble Company, speaking at the Rotman School.

April 2005
Dean Roger Martin is profiled in Fast Company for his beliefs that the North American economy is transforming from an information economy into a design-based economy, creating the need for business people to think more like designers.

June 2002
What the Rotman School is doing may be the most important thing happening in management education today. Management guru Peter F. Drucker (19092005), renowned business scholar and author of more than 30 books, speaking at the Rotman School.

February 2005
Dean Roger Martins Seek Validity, Not Reliability theory is named one of Harvard Business Reviews Breakthrough Ideas for 2005. Martin urges companies to steer away from their obsession with consistent and predictable results in favour of embracing uncertainty and fuzzy but valid data.

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 The Rotman MFin program provides the best post-CFA training and education for experienced professionals in the country. You will be challenged by the countrys best professors, practitioners and students so that upon graduation you will have accelerated to lead the finance profession. No other Canadian school can offer this. Otto Yung, CMA, CFA, PEng, MFin 09

Admission requirements
Getting started
The Master of Finance program is designed for highlymotivated finance professionals who are seeking to accelerate their careers and become leaders in the finance industry. The following criteria are used in assessing applications:

or 100 (Internet) and 5.0 on the TWE. Equivalent performance on other tests (IELTS, MELAB) will also be considered; A minimum of two years of full-time work experience in finance or a finance-related field with a record of accomplishment;

A recognized undergraduate degree with a minimum GPA of 3.0 (equivalent to a B Average) during the final year of undergraduate or graduate education;

Two professional reference letters.

A complete application
Your application file should include:

GMAT score. While there is no minimum score required, test performance will play a role in determining applicant ranking;

The official Master of Finance application form The application fee Transcripts of all post-secondary academic programs attended, sent directly from the institution Completed essays Original GMAT score report (or official CFA results or UFE results) Two professional reference letters submitted through the online application English facility test score reports, where applicable

Chartered Financial Analyst (CFA) or Chartered Accountant (CA) accreditations in lieu of the GMAT: i. Candidates who have passed all three levels of the CFA at the time of application are exempt from the GMAT entrance requirement; OR ii. Candidates who have passed the three-day Uniform Evaluation (UFE) at the time of application are exempt from the GMAT entrance requirement;

Other exemptions to the GMAT: iii. At the discretion of the Admissions Committee, the GMAT requirement may in exceptional circumstances be waived for candidates with a very high level of academic achievement. (i.e. PhD, prior MBA degree, GRE)

Application deadline
The early decision application deadlines are November 15 and February 1; with the final deadline of April 30 (late applications may be reviewed on exception basis). There is one intake per academic year for the mid-August program start. Admission decisions for all applicants are made on a rolling basis: a decision will be mailed approximately four to six weeks after a completed application is received.

Demonstrated command of English: an undergraduate or graduate degree from an English-language university, or a TOEFL score of 600 (written), 250 (computer)

Find out more Admission requirements and deadlines rotman.utoronto.ca/mfin/admission.htm

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Discover Rotman
Building and class tours
When considering the Master of Finance program, we invite you to visit the Rotman School to sit in on a class or tour the building and its world-class facilities. To schedule a visit, please contact Recruitment and Admissions.

Contact us
If you have any questions about completing your application or the status of your application, please feel free to contact us by telephone at 416.978.3499 or by e-mail at mfin@rotman.utoronto.ca Start your Rotman Master of Finance application today at

Recruitment events
The Rotman Schools Admissions team hosts evening information sessions at the School throughout the year, as well as attending multi-university recruitment events in Toronto, providing applicants with ample opportunities to learn more about the Rotman Master of Finance program.

rotman.topapply.com/mfin

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Financing your future

Program fees and financial aid
The Rotman School strives to recruit the best candidates to its programs, and is committed to helping you afford your education by providing a broad range of financial options. Entrance awards Each year, the Rotman School grants entrance scholarship awards to a portion of the incoming class. These are offered on the basis of exceptional merit. No separate scholarship application is required: you will be automatically considered for scholarships when your application is reviewed for admission. Bank interest-subsidized tuition Canadian citizens and landed immigrants in the Master of Finance program can access an interest-subsidized loan to offset the majority of their tuition and program fees. The interest-subsidized period runs over the entire length (20 months) of the program. Teaching and research assistantships A variety of teaching assistant positions are available through Rotman and through the Commerce and Finance departments of the Universitys various campuses and colleges. Students who have completed the first year of the MFin are eligible to apply for these positions, which will be posted prior to each term and/or academic year. A limited number of research assistant positions are also available through individual faculty members and are mostly available in a students second year. Government loans Each provincial government in Canada administers and maintains a student financial aid program in cooperation with the federal governments Canada Student Loan (CSL) program. When you apply to your provincial government for assistance, you are also automatically considered for a loan through the CSL.

The Rotman Master of Finance degree provides the skills and intellectual tools that finance professionals need to manage in an evolving global environment and provides a major career boost to anyone who is serious about advancing in the financial sector.
Marlene Puffer, Managing Director, Twist Financial Corp.

Find out more Program fees and financial aid rotman.utoronto.ca/mfin/finaid.htm Ontario Student Assistance Program (OSAP) osap.gov.on.ca

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Program fees Master of Finance program

Figures are in Canadian dollars Total Program Fee* Canadian Citizens and Landed Immigrants $65,435 1st Year Tuition Fee* $32,076 2nd Year Tuition Fee* $33,359 Annual Incidental Fees* (including campus + student society fees) $1,000 $1,200 Class of 2011, entering in August 2009

In addition to the annual tuition fee noted above, students are required to submit payment for Rotman ancillary fees and University incidental fees. Rotman ancillary fees amount to approximately $2,500 for the 20092010 academic year, and are charged by the School for services specific to the MFin Program. University incidental fees are approximately $1,160 for domestic students and include campus fees and student society fees. * Please note that the Tuition Fees, Rotman Ancillary Fees and the University Incidental Fees are set by the University each year and are subject to final approval by University of Torontos Governing Council. All amounts are shown in Canadian dollars.

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Frequently asked questions

Q. Why should I pursue a Master of Finance instead of an MBA?
A. The Master of Finance program is specifically designed for individuals who have already begun their careers in finance and whose goal is to accelerate their journey to a finance leadership position. The MFin differs from an MBA in that it provides a solely finance-focused curriculum. The program delivers a broad and comprehensive range of finance courses incorporating advanced finance application and theory, as well as general management principles including strategy and leadership, within the context of finance and financial institutions.

Q. Do I need to have my CFA to be considered for the MFin program?

A. Not at all: it is not necessary for applicants to the MFin program to have started or completed a CFA designation in order to be considered for the MFin program. However, we welcome applicants from varying stages of the CFA and will waive the GMAT requirement for applicants who have passed all three levels of the CFA by the time of application. Alternately, we will also waive the GMAT requirement for those who have passed the Uniform Evaluation (UFE) exam for the Chartered Accounting (CA) program by the time of application.

Q. Should I consider the MFin if I already have a CFA designation?

A. Absolutely. The CFA is a valuable and well respected professional designation; however the Master of Finance will offer students a program of advanced theoretical and applied finance courses that extends beyond that of the CFA or any other professional finance program. The MFin program will provide a profound understanding of the ideas, concepts, models and relationships that drive modern business finance all under the guidance of our world-class professors and in the company of classmates who are equally motivated, high-achieving finance professionals.

Q. Which quantitative skills are necessary for the MFin program?

A. The MFin is not a quantitative, math-focused finance program, but in general, students should be comfortable with algebra and quantitative methods, and should be prepared to use calculus concepts from time to time. Students who do not feel prepared will have an opportunity to brush-up their basic quantitative skills during the pre-program, before classes start.

Q. If I fulfill the minimum criteria of admission to the Rotman MFin Program, what are my chances of entry?
A. Fulfilling the minimum criteria only guarantees you consideration for admission to the program. Successful admission often depends upon both your application and the comparative applications of the other candidates who are vying for the same program. Due to the competitive nature of the application process, successful applicants tend to exceed the admissions criteria both quantitatively and qualitatively.

Q. Does my undergraduate degree have to be in business or commerce to apply to this program?

A. Definitely not! While many students in the MFin program will have undergraduate degrees in Business or Commerce, our students come from a variety of backgrounds and disciplines.

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 Whether you are on the buy side or the sell side of the street, the MFin program gives you the comprehensive knowledge base and academic credibility you need to take your career to the next level. Derrick Knie, CFA, MFin 09

Q. What is the most heavily-weighted part of the application?

A. There are no one or two most heavily-weighted factors in the application. At Rotman, we take the whole package approach, looking at all factors of an application and weighing each according to the individuals total file. We look at the quantitative features of the application such as GPA and GMAT score, but also at the quality of the essays, references, academic background, work and non-academic experiences.

Q. How many spaces are available each year?

A. The MFin program has approximately 40 spaces available each year.

Q. Can I transfer to the Rotman MFin program from another Masters program?
A. Due to the integrated curriculum and cohort nature of the MFin program, we are not able to accept transfers from other Masters programs.

Q. If Im admitted, how long do I have to make a decision?

A. You will generally have one month to make a decision and secure your spot with a CAD$3,000 deposit.

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Apply online at

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rotman.topapply.com/mfin

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2010 2011

For more information, contact:

Rotman MFin Program Rotman School of Management University of Toronto 105 St. George Street Toronto, Ontario, Canada M5S 3E6 Telephone: 416.978.3499 Fax: 416.978.5812 mfin@rotman.utoronto.ca rotman.utoronto.ca/mfin