Home > Study in Canada > Ontario Tech University > Master of Financial Data Analytics
Master of Financial Data Analytics Ontario Tech University, Canada
CAD 23625
Annual Tuition Fee
CAD 110
Application Fee
16 months
Duration
7
IELTS
100
TOEFL
70%
Min GPA
Program Overview
The Master of Financial Data Analytics (MFDA) aims to train highly qualified finance professionals with the computational skills essential for success in today's ever-changing financial markets.
Aimed at working professionals, this unique graduate program trains students in both finance and related data analytic skills and is suitable for business graduates with or without an advanced mathematics background. Applicants to the MFDA can be from a variety of educational backgrounds, from business, economics and finance, to mathematics, computer science, information technology and other quantitative areas.
There is an immense amount of data created every day, and the financial industry has benefited the most from data analytics. Banking and financial markets use information and analytics in creating a competitive advantage for their organizations. The need for professionals who can combine their finance and market expertise while supporting these emerging technologies is growing. Graduates of the MFDA will be trained in how to analyze financial data with data analytic skills including AI programming and applications.
The MFDA program includes eight courses and a choice of internship or project. The courses cover finance and data analytics skills applied to finance. It is a two-year full-time in-person program but can be accelerated to one year.
The MFDA is a GARP Academic Partner; the program curriculum equips students with the required knowledge to approach the Part I Exam of the Financial Risk Manager (FRM) professional certification. Recognized in every major global market, the FRM is the leading certification for Risk Managers
Additional Information
Program Level Master's Degree
College/University Processing Time 30 Days
Program Format Full-Time
Post-Graduation Work Permit (PGWP)
General Admission Requirement
- IELTS
- Minimum Overall Score - 7.0
- TOEFL
- Minimum Overall Score - 100
Academic Requirement
- Minimum Level of Education Required: To be accepted into this program, applicants may hold any four-year undergraduate degree (or its 3-year equivalent from a recognized institution in countries where it is the accepted practice), preference is given to applicants whose undergraduate degree is in the field of business, economics, finance, information technology, computer science, modelling and computer science, engineering, mathematics, statistics, physics, actuarial science, or other quantitative fields.
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Tuition Fee
The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the Programs page.
Average Tuition Fee Per Year
23625
Tuition Fee
(CAD)
CAD 110
Application Fee
(CAD)
12000 Per year
Average Cost of Living
(CAD)
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Check program website for more information about funding options.
Scholarships
Scholarships for international students
You could be awarded a scholarship from the university based on academic achievement as well as personal excellence.
Eligibility requirements
All scholarships and awards are subject to the following conditions:
- Values are subject to change without notice.
- Entrance scholarships are available to students attending the university from secondary school within 18 months of graduation.
- You have not previously attended a post-secondary institution.
- You may not hold more than one scholarship simultaneously.
- Summer school courses taken immediately prior to the start of the September term and any upgrading marks will not be included in grade calculations for awards.
- You must be enrolled in a minimum 80 percent course load (per term).
- The university reserves the right to determine acceptable academic credentials, grades and prerequisite courses to be used for admissions and awards.
-
Continuation of all sources of funding from the university is dependent on maintaining good academic standing, and availability of funds. If you withdraw, change to part-time status, change your program, change your fee status or fail to complete a term, you may have your scholarship reduced or may no longer be eligible for funding.
International entrance scholarships
Global Leadership Award (application-based)
If you are an international secondary-school student entering an undergraduate program at the university on a study permit and are currently studying outside of Canada, you can apply for the university's Global Leadership Award (GLA).
The GLA is one of our most prestigious entrance awards. Valued at $120,000 CAD ($30,000 a year for four years), the GLA recognizes international secondary school applicants with strong academic and leadership abilities. Canadian citizens and permanent residents are not eligible for the GLA.
Applications are now available for 2024-2025
International Merit Awards
If you are an international secondary school student entering an undergraduate program at the university on a study permit and are currently studying outside of Canada, you may be eligible for one of the university's Merit Awards.
International Merit Awards—valued at up to $10,000 CAD—are automatically awarded to the top applicants with the highest admission grade-point-average from each of the identified regions. The Merit Awards are non-renewable.
In order to be considered, students must have submitted a complete application for admission, including any required supporting documentation by February 15. Please note: This is earlier than posted deadlines for admission.
Canadian citizens and permanent residents are not eligible for the International Merit Awards.
English Language Centre (ELC) Scholarship
Effective January 1, if you are an international student that has successfully completed the ELC program of study and are entering an undergraduate program at the university on a study permit, you may be eligible for one of the university’s ELC Scholarships.
Valued at $1,000 CAD, these scholarships will be awarded upon enrolment in the first year of an undergraduate program. The ELC Scholarships are one-time-only and are not renewable. Canadian citizens, permanent residents, and students receiving funding from a sponsor or third party are not eligible for this scholarship.
Awards of recognition
These awards recognize academic accomplishments for recent Canadian secondary-school graduates. If you are an international student who studied at an on-shore secondary school in Canada, you may be eligible to receive an award. The following amounts are automatically awarded in your first year based on your best six 4U/4M courses (or equivalent).
- $4,000 - 95 per cent or higher
- $2,000 - 90 to 94.9 per cent
- $1,000 - 85 to 89.9 per cent
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