Taught course

Master of Financial Risk Management

Institution
Rotman School of Management · Rotman School of Management
Qualifications
Masters

Entry requirements

We look for students with strong quantitative skills, a solid academic track record, and a high potential for professional achievement in risk management. Work experience is not required for entry.

Undergraduate degrees in business, commerce, economics, mathematics, engineering or actuarial science will be preferred, however other undergraduate degrees will also be considered if there is evidence of strong quantitative skills.

For full details on admission criteria, including international equivants please visit our website.

Months of entry

September

Course content

Our Master of Financial Risk Management (MFRM) is an intensive full-time 8-month program designed to prepare you for in-demand careers in risk management and trading. Suitable for students who excel at finance and quantitative analysis the program provides a bridge between your academic and professional life.

As a student on the Master of Financial Risk Management at Rotman School of Management you will benefit from:

Globally-renowned faculty

Our finance faculty are ranked among the top in the world. They include season industry professionals and prominent academics such as John Hull, Peter Christoffersen and Alan White.

Industry connections

Rotman has strong ties with the financial industry. Through speaking events with industry executives, an integrated Rotman Risk Management Project on a real-world business challenge, and exposure to faculty like Richard Nesbitt, former COO of Canadian Imperial Bank of Commerce (CIBC), and Dean Tiff Macklem, former Senior Deputy Governor of the Bank of Canada, you’ll learn from leaders in the industry. The program also receives advice and support from the MFRM Advisory Board composed of top professionals in this field.

Resources

The BMO Financial Group Finance Research and Trading Lab allows you to gain access to live data feeds, take part in simulations, manage your own portfolio, experiment with different trading strategies, and test your risk management ideas.

Curriculum

  • Market Risk
  • Financial Markets, Risk and Institutions
  • Regulation of Financial Institutions
  • Operational Risk
  • Probabilistic Modeling for Risk-Informed Decisions
  • Credit Risk
  • Macroeconomics for Financial Risk Management Professionals
  • Derivative Models for Risk Management
  • Advanced Investments
  • Risk Management for Pension Funds and Insurance Companies

Rotman Risk Management Project

Students will spend two months on a research project involving a risk management issue that is relevant and of interest to financial institutions. Students will work closely with practising risk management professionals, while receiving oversight from faculty mentors.

Samples of project topics for the 2016-2017 year include:

  • Present the pros and cons of hedging FX exposure for a pension plan
  • Estimate trading book loss due to global market shocks for CCAR
  • Compare the reliability and relevance of different liquidity metrics
  • Propose a technology solution for non-cleared OTC derivatives
  • Assess the impact of IRRBB regulation on Canadian banks

Information for international students

The program leverages the strengths of the Rotman School, ranked in the global top 10 for finance. Rotman is located on the central University of Toronto campus in downtown Toronto, Canada’s financial and commercial centre. The program takes advantage of the School's close connections to the financial community. It is the only offering of its kind in the greater Toronto area.

Moving to Canada
Canada, with its sound fiscal situation and solid economic performance, is a model for the world and a safe haven in the light of recent financial turmoil. It also happens to be a great place to live.
Moving to a new country is a complex process with many steps. Making the process easier, Rotman offers a range of services designed for students from outside Canada. We make it easy for you to adapt to the local language and culture, and to get you ready for the academic challenges of the MFRM program.

Fees and funding

Full details on fees and funding for the Master of Financial Risk Management can be found on our website.
GRI Entrance Awards
Ranging from $5,000 to $15,000 CAD, GRI Entrance Awards are granted to future MFRM students demonstrating exceptional merit. No separate application is required and all applicants will be automatically considered for entrance awards when their application is reviewed for admission.
To recognize the achievement of our female applicants, one $10,000 CAD GRI Women in Risk Management Entrance Award will be granted to a top female candidate starting the program in Fall 2018.

Qualification and course duration

Masters

full time
8 months

Course contact details

Name
Katarina Vitek, Assistant Director
Email
MFRM@Rotman.Utoronto.Ca