1

2022

master of financial risk management 2 master of financial risk management 3

Jointhe best

The MFRM is an intensive ten-month program that prepares you for in-demand careers in risk management. The strength of the Rotman brand and the School’s close ties to industry position you for lifelong success.

23

3.7703

56%

*Not required for admission. Average based on scores from 20% of admitted class.

Class of 2021 profile

academic background

55%

Female

45%

Male

Average Age

Average Undergrad GPA

Average GMAT/GRE*

of the class is working towards a professional designation such as CFA or FRM

1. 66% Business / Commerce2. 13% Math3. 8% Economics4. 5% Statistics

5. 3% Computer Science6. 3% Engineering7. 2% Accounting

1 4 5 7

2 3

6

AlbaniaArmeniaCanadaChina

nationalities represented

ColombiaHong KongIndiaJordan

LebanonMexicoNigeriaPakistan

ParaguayRussiaTaiwanThailand

"MFRM prepares graduates for a range of finance roles – not just in risk management – since risk is a necessary ingredient in finance. Excelling in any capacity in finance requires a solid understanding of risk, and MFRM enables this in a short period of time."

Jason Homfrm ‘21

Data Scientist, Capital Markets Technology New Graduate Rotational Program, RBC Capital Markets

Peter Christoffersen Scholarship recipient

Previous education:Bachelor of Commerce - Specialization in Finance and Economics, Major in Economics, Minor in Statistics, University of Toronto

4

master of financial risk management 1

With financial markets across the world evolving, the skill sets of finance professionals must adapt too. The ability to analyze large volumes of data, coupled with a strong understanding of how to define, assess and manage risk are sought-after skills in many areas of finance. The Master of Financial Risk Management program offers the opportunity to learn from industry experts, gain real-world experience and develop connections to launch your career.

University of TorontoEnjoy a full-campus experience at the historic St. George campus of the University of Toronto. Established in 1827, U of T is a global centre of research and academic excellence, and is recognized widely as Canada’s top university — a reputation that adds tremendous value to your Rotman MFRM degree.

Toronto: Centre of the Action The Rotman School is located in downtown Toronto, just blocks from the second largest financial centre in North America. The School takes full advantage of its strategic location by drawing on a rich pool of business and industry leaders as teachers, mentors and speakers.

University in Canada

# 1of the Top Universitiesin the World

# 18University of Toronto ranks:

— Times Higher Education World University Rankings 2021

2

master of financial risk management 3

%Take a Virtual Tour of the Rotman School

Why choose the Master of Financial Risk Management

Located in the heart of the country’s financial centre, Rotman offers you wide-ranging opportunities to hone your expertise in finance and risk management.

Risk Management Project

This project allows you to tackle real risk issues that are relevant and of interest to financial institutions. Over a nine-week period, your learning shifts from the classroom to industry as you work with practicing risk management professionals. At the end of the project you present your findings to your fellow students, faculty and industry sponsors. Learn more ,

BMO Financial Group Finance Research and Trading LabResearch in real time. This state-of-the-art facility allows you to hone your skills as an analyst by giving you live access to information on the global markets. Equipped with 71 dual flat panel stations, the Lab offers a growing stack of custom designed applications for simulation-based research and learning. Learn more ,

Events and Industry Guest SpeakersMeet top experts in the field. Hosted in partnership with the Global Risk Institute (GRI), senior professionals from banks, regulatory bodies, pension funds and other financial organizations, these speaking events take place throughout the program. Learn more ,

"I chose Rotman because the classes are led by exceptional finance professionals with years of industry experience. The School also has strong partnerships with top financial institutions, banks and consulting firms, who actively recruit Rotman graduates." Haniel Udubramfrm ‘21

Previous education:Bachelor of Management – University of British Columbia

In the World*# 20

In North America*# 5

In the International PRMIA Risk Management Challenge 2021

# 1 *QS World University Rankings:

Masters in Finance Rankings 2021

Self-Development Lab Small group sessions allow you to develop your communication, interactive and interpersonal skills. The feedback-based learning approach helps you express yourself effectively, understand your own motivations and those of others, and achieve your goals in complex, high-stakes environments. Learn more ,

Rotman FinHubExplore the latest in financial innovation. FinHub provides an environment where students, the financial industry, start-up entrepreneurs and faculty meet to share their knowledge of technological and financial advances in the industry. Learn more ,

TD Management Data and Analytics LabThe lab promotes cutting-edge analytic tools in business through teaching and research, and is a central source of knowledge and expertise in data science, AI and machine learning applications. Learn more ,

Case CompetitionsShowcase your talent to top industry experts and impress potential employers. Rotman students participate in a wide variety of case competitions, in Canada and internationally, applying their skills and knowledge to real-world challenges. Each year the Rotman International Trading Competition (RITC) brings together more than 50 teams from universities around the world. This three-day competition is the largest of its kind.

Dedicated career supportOur careers team works with you at every stage of your job search. From discussing your goals to developing your personalized plan, you receive the guidance you need. Our team facilitates sessions with industry professionals, and offers regular interview sessions to set you up for success. Learn more ,

4

master of financial risk management 5

Learn from the best

4

Heather-Anne Irwin

Academic Director, Master of Financial Risk Management, July 2017 - December 2021

Assistant Professor, Teaching Stream

Capital markets veteran with expertise in investment banking, new issue equity and fixed income.

mba, York universitY

Rotman faculty are renowned for their thought leadership. Their groundbreaking insights travel from our classrooms and research centres to the boardrooms of organizations that are shaping the future.

"The Rotman School is deeply engaged with the local business community. Located just blocks from Bay Street, Rotman is a major source of talent to the finance industry. The strength of the Rotman brand and the School’s close ties to industry position our graduates for lifelong career success."

John Hull

Co-founder, Master of Financial Risk Management

Professor of Finance, University Professor, Maple Financial Group Chair in Derivatives and Risk Management, Academic Director, Rotman Financial Innovation Hub

Research has an applied focus and is concerned with risk management, bank regulation, valuation of derivatives and machine learning in business.

phd, cranfield universitY

Tony Peccia

Executive in Residence

Managing Director and Chief Risk Officer for Citibank Canada

Responsible for managing credit, market liquidity, operational and pension fund risk, and implementing related regulatory requirements.

mba and master of science, mcgill universitY

Bing Han

Professor of Finance, TMX Chair in Capital Markets

Research focuses on behavioural finance, investments, and asset pricing

phd, ucla and universitY of chicago

Tom McCurdy

Professor of Finance

Bonham Chair in International Finance

Co-developer of the RIT market simulator

Research focuses on risk management, quantitative and computational finance.

phd, universitY of london (lse)

Kevin Q. Wang

Associate Professor of Finance

Research interests include asset pricing, stock market anomalies, evaluation of portfolio performance, and empirical methods in investments.

phd, universitY of chicago

Raymond Kan

Professor of Finance

National Bank Financial Professor in Capital Markets

Research interests include empirical asset pricing, portfolio management and computational statistics.

phd, universitY of chicago

Craig Geoffrey

Assistant Professor, Teaching Stream

Interests include market microstructure, asset pricing, and behavioural finance

mba, rotman school of management

Ing-Haw Cheng

Academic Director, Master of Financial Risk Management, beginning January 2022,

Associate Professor of Finance

Research interests include financial derivatives, commodity markets, and market volatility.

phd, princeton universitY

Eugene Tan

Assistant Professor of Economic Analysis & Policy

Research focuses on macroeconomics, with a specialization in entrepreneurship, firm dynamics, and wealth and income inequality.

phd, duke universitY

"My experience during the Risk Management Project was superb. I worked with renowned experts, who provided me valued insight, mentorship, and encouragement throughout the project term."

Nicholas Byrne mfrm '21

Trade Floor Risk Management Associate, Scotiabank

Previous education:Bachelor of Applied Science (Major in Mathematics and Engineering), Queen’s University

6

master of financial risk management 7

Connect with industryA degree from the Rotman School gives you access to top jobs at leading companies. Our high-touch approach and exceptional staff-to-student ratio mean you enjoy the personal attention you need to prepare for the job market and excel in your career.

MFRM Advisory BoardThe advisory board seeks to raise the profile of the program, and facilitate networking and employment opportunities for students. The board consists of professionals from the finance industry, many holding senior roles in the field of risk. The board also ensures that the program meets the needs of the sector so our students are suitably skilled upon graduation.

Learn more ,

Career ServicesIn a competitive job market, it takes focus, drive and leadership to take your career to the next level. We equip you with the skills and strategies you need to succeed through a suite of services designed for professionals in the field of risk and in the broader finance industry.

Our dedicated Career Services team will help you build a career management plan to achieve your professional goals through:

kOne-on-one coachingkExclusive MFRM networking events throughout the yeark Industry-specific speaker eventskProfessional skills workshops designed to set you up for successkTechnical interview and case interview preparationkMock interviews with industry professionalsk24/7 online resources

Learn more ,

"The MFRM program went above and beyond my expectations. Every aspect of my learning in the program was directly related to relevant industry applications."

of MFRM students are employed within 6 months of graduation(Classes of 2017, '18 '19 and '20)88%

Hasan Babar Matin mfrm ‘21

Consultant, Financial Risk Management, KPMG Canada

Previous education:Bachelor of Science, Financial Economics Specialist, University of Toronto

8

master of financial risk management 9

Your MFRMjourney

The program is designed to prepare ambitious young professionals for careers in risk management and finance. All courses are developed in consultation with industry practitioners.

The MFRM is a 10-month, full-time comprehensive program with a curriculum that has been carefully selected and designed to make the most of your growth as a risk management professional. Students take all coursework together, allowing a strong sense of community to develop over the course of the program.

Beyond the courses listed, students take additional workshops and sessions led by experts from the TD Management Data and Analytics Lab and FinHub on new and technical areas. Previous sessions have included Python and R programming languages.

"The industry project goes beyond any internship experience by allowing you to tackle a project from the ground up." Anna Dai mfrm ‘19

Senior Consultant, Financial Service Risk Management, EY

Previous education:Bachelor of Mathematics, Uof Waterloo

Courses may include:

kDerivative Models for Risk

Management

kRegulation of Financial Institutions

kOperational Risk

kAdvanced Investments

k Innovations in Financial

Technology

(This course covers topics such as machine learning and blockchain)

Courses may include:kTopics in Financial Risk

kCredit Risk

kProbabilistic Modelling for Risk-Informed Decisions

kMacroeconomics for Financial Risk Management Professionals

kFinancial Markets, Risk and

Institutions

Convocation (November)

The applied Risk Management Project brings students out of the classroom and allows them to put their knowledge into practice. Over nine weeks, you work with risk management professionals on a real-world issue provided by industry sponsors. At the end of the project, you complete a formal presentation to a panel of faculty and sponsors.

Fall Academic SessionSeptember to December

SpringAcademic SessionMarch to June

RiskManagementProjectJanuary to March

*Please note: Course order and timing

for each academic session subject to change.

10

master of financial risk management 11

Do you have what it takes?

Academic Achievementk Strong performance in the final year of studyk Strong performance in relevant courses

Strong Quantitative SkillskUniversity-level quantitative courses with a B or higherk Proficiency in one more programming languagesk Strong GMAT or GRE score (optional)

People Skillsk Professionalismk Strong verbal and written communication skills

Interest in Risk ManagementkAcademic course work internships, or research projects related to risk

Our admission decisions are holistic: we are looking for unique people, not profiles. Although there is no model application, successful candidates share some qualities that help make them stand out.

Learn more: uoft.me/RotmanMFRM

Admission& next steps

Financing and Awards

Admission Criteria

Next Steps

Create your profileEven if you aren’t yet ready to apply, create an online profile with us so you can stay informed and easily register for our upcoming admissions events.

Create your profile at: getstarted.rotman.utoronto.ca

Meet our teamTo meet one-on-one with our admissions team or if you have questions, we invite you to contact us.

Email: MFRM@rotman.utoronto.ca

Web: www.rotman.utoronto.ca/MFRM

Tuition Fees

Application Deadlines

Tip: The earlier you apply, the greater your chance for an entrance award.

Please note that all fees and awards are set annually and are subject to change. Costs do not include university incidental fees or compulsory ancillary fees.

Fees applicable to students entering the program in 2021:

RA recognized four-year undergraduate degree or equivalent: Minimum B average across courses in the final year. Most students admitted will have a higher GPA.

RQuantitative proficiency: Evidence of a high level of proficiency in quantitative subjects such as calculus, linear algebra, statistics and econometrics.

RComputational proficiency: All incoming students are required to demonstrate their Python coding knowledge before the program begins by successfully completing a short test. Python training is available to refresh this content knowledge.

First round: October 14, 2021

Second round: December 1, 2021

Third round: February 9, 2022

RPrerequisite courses*: Foundations of Finance, Financial Accounting, Investments, Financial Derivatives

RTwo academic references

ROnline application

R Interviews by invitation only

REnglish language proficiency

*If you have not completed courses in these areas as part of your undergraduate degree, you can obtain conditional acceptance to the program by completing our pre-qualifying exams. Visit our website for further details.

Students may apply to participating banks for an interest-subsidized professional student loan. Rotman also provides interest subsidies on other eligible student loans. Visit our website for details. Applicants are automatically considered for competitive entrance awards, given to candidates who meet specific criteria outlined online. Awards include:

Domestic students

$39,850International students

$66,650

GRI Entrance AwardsTwo merit awards of $10,000

Peter Christoffersen ScholarshipOne merit award of $4,000

Scotiabank Latin American ScholarshipOne merit award of $25,000

Rotman School of Management University of Toronto 105 St. George Street Toronto, Ontario, Canada M5S 3E6

rotmanschool

12

Rotman School of Management University of Toronto 105 St. George Street Toronto, Ontario, Canada M5S 3E6www.rotman.utoronto.ca