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Master of Financial Risk Management Program
Faculty of Business Administration
91ÅÝܽ Calendar 2011 Summer
The study of both financial and non-financial types of risk makes the master of financial risk management (MFRM) unique in Canada. MFRM graduates will have a solid grounding in the fundamentals of finance, asset pricing, credit, market, operational and enterprise-wide strategic risk management. They measure, mitigate and learn to manage such risks in the global business arena. Students have the option of pursuing either an investment management or risk management stream.
The program consists of three full-time terms.
Admission Requirements
Admission is based on the following.
- 91ÅÝܽ's online graduate studies application for admission
- MFM program application essay
- official undergraduate transcripts mailed directly from the granting institution
- a four year undergraduate degree in business, commerce, economics, mathematics, physics or other suitable quantitatively oriented programs. Candidates holding a professional designation such as a PRM or FRM and evidence of strong mathematics competency would also be ideal candidates. Students with a strong mathematical aptitude who have completed the graduate diploma in business administration offered by the University would be qualified for admission consideration
- preference is given to qualified candidates with at least two years of work experience
- proficiency in the English language
- resume
- three letters of reference, preferably from supervisors or former professors
- graduate management admission test (GMAT) results
- a recent passport-style photograph
- interview (shortlisted candidates only)
Applicants should also refer to the program website located at .
Program Requirements
A minimum 3.0 grade point average (B grade) is required and completion of all of the following 42 units.
- BUS 802-3 Financial Economics
- BUS 803-3 Financial Econometrics
- BUS 805-3 Capital Markets
- BUS 810-3 Fixed Income
- BUS 814-3 Derivative Securities
- BUS 818-3 Advanced Topics in Business Finance
- BUS 857-3 Numerical Methods
- BUS 863-3 Operational Risk Management
- BUS 864-3 Credit Risk Management
- BUS 865-3 Market Risk Management
- BUS 866-3 Enterprise-wide Strategic Risk Management
- BUS 868-3 Perspectives on Risk and Insurance
- BUS 869-3 Topics in Risk Management
- BUS 870-3 Final Project
Other graduate courses may be substituted for the courses listed above at the discretion of the academic director.
Academic Requirements within the Graduate General Regulations
All graduate students must satisfy the academic requirements that are specified in the Graduate General Regulations (residence, course work, academic progress, supervision, research competence requirement, completion time, and degree completion), as well as the specific requirements for the program in which they are enrolled, as shown above.