Develop the strengths a fast-moving economy demands, and leading organizations are looking for, in this intensive, 10-month full-time program. At the intersection of risk management and finance, the Rotman Master of Financial Risk Management provides an ideal balance of technical expertise and communications skills that will help launch your career.
The Master of Financial Risk Management (MFRM) program is designed to prepare students who excel at finance and quantitative analysis for careers in this in-demand sector. A bridge between academic and professional life, this full-time, 10-month program allows students to fast-track into the finance industry — giving them a competitive edge over applicants with only an undergraduate degree.
Students will gain a better understanding of the different types of risk, the regulatory environment, and how different financial institutions manage uncertainty. They consider the ways risk is measured and managed, looking at systems and models currently used within the financial sector.
Students have the opportunity to gain real-world experience during the Risk Management Project which takes place midway through the program. They will work on a real risk issue that is relevant and of interest to financial institutions. During the nine-week project, students will be taken out of the classroom and into industry, working with practising risk management professionals.
Founded in 1827, the University of Toronto is Canada’s top university with a long history of challenging the impossible and transforming society through the ingenuity and resolve of its faculty, students, alumni and supporters.
We are proud to be one of the world’s top research-intensive universities, bringing together top minds from every conceivable background and discipline to collaborate on the world’s most pressing challenges.
Our community is a catalyst for discovery, innovation and progress, creating knowledge and solutions that make a tangible difference around the globe. And we prepare our students for success through an outstanding global education rooted in excellence, inclusion and close-knit learning communities.
The ideas, innovations and contributions of more than 680,000 graduates advance U of T’s impact on communities across the globe.
Together, we continue to defy gravity by taking on what might seem unattainable today and generating the ideas and talent needed to build a more equitable, sustainable and prosperous future.
The Department of Computer Science and the University of Toronto are proud to offer entrance awards to outstanding applicants. Prospective students do not need to apply for these awards as they will be nominated by the admissions committee; awards will be included in offer packages. These awards include:
Student awards (scholarships and grants) are non-repayable monetary awards issued based on criteria such as merit, financial need, community engagement, leadership and athletic performance.
Award: An award can be a scholarship, fellowship, prize, grant or bursary.
Grant: A monetary award based primarily on financial need. Sometimes “grant” and “bursary” are used interchangeably, but “grant” is the more common term used at U of T.
Scholarship: A monetary award based on academic excellence alone or in combination with financial need.
Thousands of non-repayable awards worth more than $100 million are available annually, based on merit, financial need, or a combination of both.
Admission awards are for newly admitted students entering the University of Toronto in year one of their undergraduate studies. Students are automatically considered for a variety of admission awards when they apply to U of T. There are also admission awards that require students to complete a separate application or awards profile.
Find out more about Admission Awards.
The Awards Profile makes it possible for U of T applicants in Canada to be considered for admission awards based on financial need, academic merit, leadership, and other criteria.
Find out more about the Awards Profile.
The Award Explorer is a centralized, searchable database of thousands of awards from admissions to in-course and graduating awards. The database hold awards that are funded by the academic divisions, colleges, as well as awards that are centrally funded by the university as a whole. This tool can help you explore the diverse funding opportunities available to you. Most of our scholarships are awarded to multiple recipients. You can apply for as many awards as you like, and most awards can be combined with each other.
As a publicly funded institution, the University of Toronto is not able to offer direct financial aid to international students. You should look to your home country for financial aid programs and determine if you qualify for assistance.
Please be aware that before issuing a Study Permit, the Government of Canada requires that international students provide proof of financial support(external link)—to show that you are able to support yourself while in Canada.
Students studying at a Canadian university on a Study Permit are not eligible for financial assistance from Canadian government programs. We recommend that you consult with the funding agencies in your own country. Please note that documented protected persons or convention refugees are able to apply for Canadian government funding.
All students, including international students, are automatically considered for scholarships upon admission. Scholarships and entrance awards for international students are limited and competitive, due to the number of excellent students that apply to U of T. Please note that most scholarships and awards for international students do not cover the full cost of tuition. It is best to have other funding plans in place as well. Read more about scholarships and awards for international students.
The majority of our admission scholarships for international undergraduate applicants are automatically awarded as a part of the admissions review process. The two major admission awards are the University of Toronto Scholars Program and President’s Scholars of Excellence Program. No separate application is required as they are merit-based. You can find more information about these awards by using the Award Explorer(external link).
International secondary applicants may also be considered for the Lester B. Pearson International Scholarship program if nominated by their high school. This scholarship program is intended to recognize students who demonstrate exceptional academic achievement who are recognized as leaders within their school.
The University of Toronto has been alerted to fraudulent emails that offer to assist students with applications to our Lester B. Pearson International Scholarship program. Please exercise caution when researching scholarship opportunities and assessing communications about our programs. The University of Toronto does not work with recruitment agents or agencies. Students interested in applying for a Lester B. Pearson International Scholarship should follow the instructions on this website and submit their applications directly to the University.
The International Scholar Awards are automatically awarded to exceptional international students across U of T’s largest divisions and faculties. These renewable awards are offered upon admission and have a total value of over $100,000.
Learn more about the International Scholar Awards through the divisions that offer them:
Offered upon admission to selected international students in the Faculty of Arts & Science(external link) on the basis of merit. Students are automatically considered for this award, which is valued at up to $50,000 over four consecutive years, or until degree completion, whichever comes first (up to $20,000 in the first year and renewable for $10,000 in the second, third and fourth years). This award is not renewable for students admitted to the Faculty of Arts & Science prior to 2023.
Beyond our admission scholarships, University of Toronto students have access to over 5,900 in-course scholarships every year. We recommend international students use the Award Explorer(external link) by selecting the appropriate filters to view other scholarships that may be available to you.
How much does it cost to study at U of T?
Your university fees consist of tuition, incidental and ancillary fees, and are based on several factors. In addition, you’ll want to consider other costs such as books, supplies, residence, transportation, food and other expenses.
How do I apply for Financial Aid?
If you are a Canadian citizen, permanent resident or protected person, there are many sources of financial aid available to help you cover the costs of your University of Toronto education – from OSAP and other government aid, to assistance provided by the University. Explore your options.
If you are an international applicant, you should find out about your home country’s financial aid programs to see if you qualify for assistance. The University of Toronto is a publicly-funded institution and because of that cannot offer financial aid to international students.
I’m an international applicant, can I receive financial assistance from U of T?
The University of Toronto is a publicly-funded institution and because of that cannot offer financial aid to international students. If you are an international applicant, you should find out about your home country’s financial aid programs to see if you qualify for assistance.
How do I apply for OSAP?
Apply online at https://www.ontario.ca/osap
Submit your OSAP application, then print and sign the consents and declaration pages – and any other required supporting documentation – and upload to your account on the OSAP website.
Follow the instructions provided to complete your online Master Student Financial Assistance Agreement (MSFAA) with the National Student Loan Service Centre.
If you are a returning applicant you may not need to submit any documentation.
Find more details on our OSAP FAQ list.
How do I apply for Scholarships?
Eligible high school students are automatically considered for a variety of admission scholarships when they apply to the University. There are also admissions scholarships that require a separate application, and others that require you to complete an awards profile.
Note, however, that the value of scholarships is rarely sufficient to cover all costs the student will incur while attending University of Toronto.
How do I contact the Office of University Admissions and Outreach?
Telephone & In-Person Inquiries
We are available for telephone and in-person inquiries.
Email Inquiries
Connect with us by email for:
Contact Client Services for financial aid inquires including:
Your feedback is important to us. Please take a couple of minutes to let us know how we did by completing our University Admissions and Outreach Satisfaction Survey.
Canada is a top destination for international students, offering world-class education, diverse cultures, and numerous career opportunities. Whether you’re interested in pursuing a master’s degree, MBA, or even MBBS, here’s everything you need to know about studying in Canada.
Whether you’re considering a master’s degree in Canada, an MBA, or other specialized programs, Canada offers a diverse range of options and a supportive environment for international students. Apply for your Canada student visa today, start planning, and take the first step towards an exciting educational journey in Canada!