Master Of Finance

Academic Requirements

The Master of Finance program at Carleton University has specific Academic Requirements that prospective students must meet to be considered for enrollment. Below are the key requirements:

• Four-year Bachelor’s Degree: Applicants must hold a four-year Bachelor’s degree in business, economics, mathematics, statistics, actuarial science, data science, computer science, engineering, or another quantitatively-oriented program.
• Cumulative Grade Point Average: A minimum cumulative grade point average of “B” is required, which is equivalent to 8.0/12 on Carleton’s scale. The CGPA calculation will be based on all four years of study.
• Work Experience: Students with two or more years of relevant financial industry work experience may apply to be exempted from the internship requirement once in the program.
• Preference for Additional Qualifications: Preference will be given to applicants who have:
  • Passed the CFA® Level 1 exam;
  • Passed the CPA Common Final Examination;
  • Obtained designations in risk management (FRM, PRM, etc.); or
  • Obtained an actuarial designation (ACIA, FCIA, etc.).

International students are encouraged to apply as soon as possible. The deadline for international applications is March 1. Please note that transcripts may be required to be evaluated by WES in some cases.

For any clarification and support regarding the application process, please contact LOA Portal's advisors.

Language Requirements

The language of instruction at Carleton is English. For admission into Carleton’s graduate programs, you will need to demonstrate that your knowledge and use of English are strong enough for graduate studies at an English-language university.

If your first language is not English, you can demonstrate your language proficiency by:

• Presenting one of the official Language Proficiency (ESL) test scores as defined in the table below;
• Showing that you have completed ESLA 1900 or ESLA 1905 at Carleton University with a final grade of B- or higher; or
• Presenting official certification (transcripts) that you have completed an undergraduate or graduate degree at a university in any country in which the primary language is English, where the language of instruction in the relevant educational institution was English, and the language of instruction in their most recently completed undergraduate or graduate degree was English.

Applicants who present their most recent degree and transcripts from a Canadian institution are exempt from language proficiency requirements, unless otherwise required by an individual program.

Note: Letters from your universities stating the medium of instruction is English are not acceptable.

Minimum Language Proficiency (ESL) test score requirement:

* IELTS One-Skill Retake is accepted

** TOEFL MyBest Scores is accepted

Please check with our team for more details.

DISCLAIMER: The information above is subject to change. For the latest updates, please contact LOA Portal's advisors. The listed minimum requirements are a guideline and do not guarantee admission. Do not worry, we will notify you of any changes during the application process.