Frequently Asked Questions

Admissions

Which quantitative skills are necessary for the MMF program?
While the MMF is not a mathematical finance program, students should have an aptitude for quantitative methods.

Do I need to have an undergraduate degree in Finance?
An undergraduate degree in Finance is not a requirement. The program is designed for students who want to start in finance and have the necessary quantitative skills. Students with undergraduate degrees in economics, sciences, and engineering are encouraged to apply.

Do I need work experience?
​No prior work experience is required for this program.

Do you accept GMAT or GRE scores?
Yes we accept both scores. Please use the following institutional codes: GMAT: 58H-MN-66, GRE: 0935

Is there a minimum score for GMAT or GRE?
There is no minimum requirement. We will consider the GPA, GRE/GMAT scores and your coursework to determine your ability to handle the quantitative nature of the curriculum. In addition, your resume, essay, and letters of recommendation will also influence the decision of the admissions committee.

What are the application deadlines?
The final deadline is March 1, 2017 for international students and March 31, 2017 for Canadian citizens and permanent residents.

Is TOEFL or IELTS required?
For candidates whose mother tongue is not English and who have not completed their degree in an English speaking country, the TOEFL or IELTS is required. The McGill Institution code is 0935.

What is the admission process?
Read the admission process, PDF icon MMF Checklist and submit your application on uApply. We will review complete applications on a rolling basis after the first deadline of October 15, 2018.  Selected students will then be invited for an interview. After the interview, the admission committee will make the final decisions.

Who should I ask for references?
We recommend you get references from people who know your strengths and competencies. The references could be academic references or professional references.

Is there an interview required for the application?
Yes, selected students will be called for a phone, Skype or in-person interview.

If I am admitted, when do I have to respond?
You will have two weeks to accept the offer and pay non-refundable deposit of C$5,000.

If I am admitted, can I defer my admission?
Under exceptional circumstances, an applicant may defer his/her acceptance for a period no longer than one year. To apply for a deferral, the student must do so in writing, explaining the reasons for the deferral. In order to secure a space for the following year, a deferral fee is required.

All international students are required to secure the CAQ and study permit prior to starting the MMF program. Learn more

Program

What is the length of the Masters of Management in Finance (MMF)?
The full-time McGill MMF program is a 45-credit program that is completed over the course of one year.

Is there an accelerated option in the MMF program for those who have prior background in finance?
No, there is no accelerated option. However, we will look into it on case-by-case basis for students with prior education or professional experience in finance.

What is unique about the McGill MMF Program?
The McGill MMF program gives you the opportunity to put theory into practice. Throughout the program, you will work as an analyst with Desautels Capital Management Inc., a student-run registered investment firm with over $5 million assets under management.

Does the MMF program help with the preparation for CFA? 
The MMF program covers many topics that are required for CFA, but it is not a CFA preparatory program.

Is there an internship or thesis?
There is no internship but you work as an analyst at Desautels Capital Management throughout the program. There is an Integrative Finance Project for the last semester.

Desautels Capital Management (DCM)

What is Desautels Capital Management Inc. (DCM)?
Desautels Capital Management is Canada’s first university-owned, student-run registered investment management firm. Established in 2009, Desautels Capital Management offers students in the Honors Investment Management (HIM) and Masters of Management in Finance (MMF) program meaningful and realistic experience in the industry. All students enrolled in these programs work for the company, managing different funds with $5 million in assets under management.

How is DCM different from other university-run funds?
Desautels Capital Management is a real investment company, licensed and regulated with its independent board of directors. It is 100% owned by McGill and manages the money of external accredited investors.

Do I get paid for working as an analyst at DCM?
No there is no monetary compensation for working as an analyst. DCM is an integral part of the curriculum in which students gain hands-on experience at managing external investors’ money.

How many hours would I be working for the DCM?
15 - 20 hours per week

Career Outlook

What type of career resources are available to the MMF students?
Career services at the Soutar career centre would work with the students from Day 1 to prepare them for the job market. They would provide workshops such as resume and cover letter writing, one on one mock interviews, and networking events amongst others.

I am an international student, am I eligible to apply for a work permit after the course?
Immigration Canada allows international students to obtain a work permit equivalent to the length of the study program, up to a maximum of three years. Please visit their website for more details. 

Tuition & Financial Aid

How much does the program cost?
The tuition is C$47,250. Read more about other university fees and living expenses.

When are the fees due?
You have to pay a deposit of C$5,000 when you accept the offer. The tuition is due only after the student has registered for courses.

Are scholarships or financial aid available?
Yes, if you are one of our most outstanding candidates, you can be awarded one of our growing portfolio of scholarships. Specifically, MMF students are granted Desautels MMF Entrance Awards and other donor supported awards based on their academic merit and leadership skills. Every student is considered for these awards upon acceptance to the program.

I was awarded an entrance award/fellowship from the Desautels Faculty of Management, when will I receive the funds?
For students who have received an award/fellowship, the funds are transferred to their student account partly by the end of August and the rest by end of January.