Admissions Process

Admissions Process

Admission to the professional Master of Financial Insurance (MFI) Program is on a competitive basis and candidates for this degree program are accepted under the general regulations outlined in the calendar of the School of Graduate Studies.

As one of the top Statistical Sciences Department, we receive many excellent applicants. Successful candidates have exceptional mathematical and statistical training with outstanding performance in their course work, outstanding letters of recommendations and well thought out statements of interest.

Here are some frequently asked questions about the program.

  • October 1, 2021
    Applications Open
  • January 15, 2022
    Online admission deadline
  • January 29, 2022
    Deadline for supporting documents


Applicants apply through the online application system at the School of Graduate Studies. The application fee is currently 125.00 CAD.

Late applications may be accepted, at the discretion of the department, but applicants are advised that there may not be any places remaining for applications received after the deadline.

Applicants are responsible for ensuring that the following documentation is received by the MFI Program Office by the application deadline:

  • A letter of intent or personal statement (limited to 500 words) explaining their interest in financial insurance and objectives for the program. Applicants should also explain how their background is appropriate.
  • A current resume/CV.
  • Electronic copies of transcripts are required at the time of application. If you are successful at gaining admissions, only then will we require official copies to be mailed to the department.
  • Three letters of recommendation, to be submitted electronically by your referees through the online application system.
  • Official copies of your English proficiency scores. Unofficial copies may be included with your application while waiting for the official ones to arrive.
    • Applicants whose primary language is not English and graduated from a university where the language of instruction and examination was not English, must demonstrate facility in English using one of the official methods as outlined in the Calendar of the School of Graduate Studies. Acceptable tests and required scores are listed here.


Mailing address

Masters of Financial Insurance Office
Department of Statistical Sciences
Arts & Science, University of Toronto
700 University Avenue, Suite 9104
Toronto, Ontario, M5G 1X6