Financial Economics, MFE

The Western Master of Financial Economics (MFE) is a 16-month, course-based graduate program which includes a summer internship. This interdisciplinary program includes the Department of Economics, the Department of Statistical and Actuarial Sciences, the Ivey Business School, and the Faculty of Law. These academic units have joined forces to provide MFE students with a broad understanding of Financial Theory and the Economics framework upon which that theory is based, as well as the understanding of Quantitative Finance and Securities Law, required for today's complex financial world. Graduates pursue careers in a variety of industry areas including risk management, financial modelling, investor and treasury services, and portfolio management.

Admission Requirements

Additional Requirements

• Additional courses/tests may be required depending on an applicant's academic background. Please visit MFE Admissions Requirements for more information.

• All candidates are encouraged to take the Graduate Record Examination General test and submit their scores. Applicants whose previous degree is not from a Canadian university are required to submit the GRE. A minimum GRE score of 150 (new scale) on the Quantitative component is required.

English Language Proficiency

Applicants whose first language is not English must furnish evidence of their proficiency in the use of the English language. If an applicant has been studying for more than two years toward a degree from a recognized university or college in Canada, or holds a degree from a country where the primary language is English, the English language proficiency requirement may be waived.

• The Test of English as a Foreign Language (TOEFL). Minimum acceptable score is 550 for the PBT (paper-based) version, or 86 for the iBT (Internet-based) version with no individual score below 20. [Western's TOEFL ID is 0984].
• The International English Language Testing Service (IELTS Academic). Minimum acceptable score is 6.5 out of 9.
• The Canadian Academic English Language Assessment (CAEL Assessment). Minimum acceptable score is 60.