Master of Financial Economics (MFE)
STEM Course
1 year
Full Time
On Campus
Field of Study:
CA$56,343/Yr
CA$56,343 /Yr
- Masters in Financial Economics at Western University is offered as a full-time basis for a duration of 2-year.
- Ranked 4th in Canada’s best universities by student satisfaction in Maclean’s Rankings 2020.
- 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.
- The Student to ratio is 24:1.
- The Employment rate of Western University is 91%.
- Students can apply for scholarship programs initiated by the Government of Canada up to 40,664 USD per year.
- The living cost range in Canada is 4,500 USD – 10,800 per year.
- The average salary goes up to 6,500 USD after completing this program.
- Students have career opportunities to work as:
- Economist.
- Financial risk analyst.
- Data analyst.
- Financial planner.
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Important Dates
| Event | Application Date |
|---|---|
| Application Deadline for 2024 Intake | |
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | CA$56343 (CAD 56343) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Living Expenses | CA$12262 (CAD 12262) |
| Health Insurance | CA$2226 (CAD 2226) |
| Other Fees | CA$1548 (CAD 1548) |
| Total Cost | CA$16036 (CAD 16036) |
Eligibility & Entry Requirement
Academic Eligibility:
- Students have to complete a science bachelor’s honors degree in computer science or a highly related discipline.
- Or, bachelor's (4-year, honors degree) or equivalent from a recognized degree-granting institution.
- GPA of at least 3.0/4.33 (B grade) in the last 2 years of study is required to be eligible for this program.
- Students must be qualified in IELTS or TOEFL and PTE to get admission in this program.
Indian Student Eligibility:
Indian students are eligible to apply if they meet one of the following eligibility criteria:
- Completed a 4-year UG degree with first class in a relevant field from a recognized institution
- Or, completed graduation in B.Sc.(H) Computer Science or B.Sc. Applied Physical Sciences with Mathematics and Computer Science.
- Or, completed a B.Sc (General) degree from a recognized institution.
Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test.
Scores Required
Required Document List
The Documents required are:
- Higher Secondary School Certificate - The certificate provided by the education board after completion of the Higher secondary education.
- Statement of marks - The marks statement provided by the education board.
- Financial Documentation - The Proof that shows the financial background of the student.
- Letter of Recommendation - This shows who recommended the student to pursue the degree.
- Statement of Purpose - This is an essay or any written statement written by the student while applying.
- Resume/CV - This provides a summary of your experience and skills.
- English Language Requirement Scores like TOEFL, IELTS,..etc.
- Exam scores like GMAT, GRE are to be submitted.
Course Guides
Masters (MS) in Canada: Fees 2023, Top Colleges, Admissions, Placements & Salaries
Masters in Economics in Canada: Fees 2023, Top Colleges, Admissions, Placements & Salaries
Masters in Finance in Canada: Top Universities, Eligibility, Cost of Study, Scholarships and Jobs
MBA in Canada - Everything You Want To Know
MBA in Finance in Canada: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
Career and Placement after Course
After completing this program students have job opportunities in:
- Economist.
- Financial risk analyst.
- Data analyst.
- Financial planner.
- Accountant.
- Economic researcher.
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Ontario Trillium Scholarship 2 | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeAwards | |
| Ontario Graduate Scholarship | Scholarship per studentCA$ 10,847/Yr$10,847 | Level Of StudyDoctorate | TypeCollege-Specific | |
| Goa Education Trust Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Aga khan Foundation Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| ASID Foundation Legacy Scholarships | Scholarship per studentCA$ 4,000/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Bharat Petroleum Scholarship 2020 | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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Important Dates
| Program | Important Dates |
|---|---|
| M.S Computer Science | Application Deadline for 2024 Intake (15th Feb 2024) |
| M.A Data Analytics | Final Application Deadline (31st Jan 2024) Round 2 Application Deadline for 2024 Intake (31st Jan 2024) Round 1 Application Deadline for 2024 Intake (15th Nov 2024) |
| M.B.A | Application Period For Fall 2023 Intake (1st Mar 2023) |
| B.B.A Business Administration | Application opens for 2024 Intake (1st Oct 2023) |
| M.Eng Electrical and Computer Engineering | Application Period For Fall 2024 Intake (1st Mar 2024) |
| B.S Computer Science | Early Application Deadline For 2023 Intake (1st Feb 2023) Primary Decision Deadline For 2023 Intake (15th Feb 2023) |
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Comments
Students applying for admission in the master programs of Western University must have a minimum of 70% overall average in the last 2 full-time years of the undergraduate degree. Besides the GPA requirement there are certain program-specific requirements as well.