Masters Of Financial Data Analytics (MFDA) at Ontario Tech University - Program overview

This program is currently under review and being updated. For the most up-to-date information, please contact us.

Program overview

Admission Requirements

Intakes

Program overview

The Master of Financial Data Analytics (MFDA) is designed to cultivate highly skilled finance professionals equipped with essential computational abilities for thriving in today's dynamic financial markets. This pioneering program in Canada uniquely integrates finance, information technology, and data analytics. Students will develop a solid foundation in the role of AI programming and applications within the modern economy. With the financial sector increasingly relying on data analytics to gain a competitive edge, the demand for professionals who can merge finance expertise with emerging technologies is on the rise. Graduates will be adept at analyzing financial data using advanced data analytics skills, including AI programming.

Program structure

The Master of Financial Data Analytics (MFDA) program spans a standard length of 16 months, divided into four semesters. Students typically enroll in 2-3 courses each semester, allowing for a comprehensive learning experience. The program offers an experiential component where students can choose between:

Applied Financial Data Analytics Project
Financial Data Analytics Internship

This hands-on approach ensures that students not only learn theoretical concepts but also apply them in real-world scenarios. The program is delivered in person, with start dates available in September and January. Additionally, the MFDA is recognized as a STEM program, aligning with the Classification of Instructional Programs (CIP) Canada for Financial Analytics.

Featured Experiences

The program includes a unique Finance Laboratory where students can bridge theoretical knowledge with practical skills using industry-standard software.
Students will have access to databases such as Bloomberg terminal, S&P Capital IQ, and Thomson Reuters Datastream, enhancing their learning experience.
Experiential learning opportunities through the Applied Financial Data Analytics Project or Financial Data Analytics Internship allow students to gain valuable industry experience.
The program is an academic partner of GARP, preparing students for the Part I Exam of the Financial Risk Manager (FRM) professional certification.

Career Options

Risk Analyst: Evaluate financial risks and develop strategies to mitigate them, ensuring the stability of financial institutions.
Data Analyst: Analyze complex data sets to inform business decisions and improve financial performance.
Financial Consultant: Provide expert advice to clients on financial planning, investment strategies, and risk management.
Quantitative Analyst: Use mathematical models to analyze financial data and develop trading strategies for investment firms.
Compliance Officer: Ensure that financial institutions adhere to regulations and internal policies, minimizing legal risks.

DISCLAIMER: The information above is subject to change. For the latest updates, please contact LOA Portal's advisors.

Visit Ontario Tech University official website

Program overview

Academic Requirements

The Masters of Financial Data Analytics (MFDA) program has specific academic requirements for applicants. While the minimum GPA is not explicitly mentioned, it is essential for candidates to demonstrate strong academic performance in relevant fields.

For international students, particularly those from Vietnam and other Asian countries, the following requirements apply:

Applicants must provide their Upper Secondary School Graduation Diploma – Bằng Tốt Nghiệp Phổ Thông Trung Học.
It is necessary to submit both the academic transcript indicating all subjects taken and grades achieved, along with an official copy of the diploma or graduation certificate.
If the documents are issued in a language other than English, notarized literal English translations must also be provided.

Additionally, transcripts may be required to be evaluated by WES in some cases. It is advisable for applicants to contact LOA Portal's advisors for any clarification and support regarding the application process and requirements.

While there are no specific prerequisite courses mentioned for the MFDA program, it is recommended that applicants have a strong foundation in quantitative subjects, as this will aid in their success in the program.

Language Requirements

All applicants to the Masters of Financial Data Analytics (MFDA) program are required to demonstrate their proficiency in English. This requirement can be satisfied through one of the following accepted English language tests:

CAEL: Minimum score of 70 overall, with all sub-scores at least 60.
Duolingo:
Acceptable only for the listed course-based programs below and for the Spring/Summer 2026 and Fall 2026 intakes.

120 overall for MBAI, MFDA, MITS, and Master of Engineering (MEng).

130 overall for Master of Education (MEd), Doctorate of Education (EdD), and Master of Health Science (MHSc) course-based only.
IELTS:
6.5 overall for most programs.

7.0 overall for MBAI, MFDA, Master of Arts in Education, Doctorate of Education (EdD), and Master of Health Science (MHSc).

Only the IELTS Academic test is accepted.
TOEFL (Internet-based):
For tests written after January 21, 2026:
- For most programs: Overall 4.5, no section score below 4.0.
- For Master of Arts in Education, Doctorate of Education (EdD), Master of Health Science (MHSc), MBAI, and MFDA: Overall 5.0, no section score below 4.0.
For tests written before January 21, 2026:
- For most programs: Overall 83 and minimum Listening: 20; Reading: 20; Speaking: 19; Writing: 20.
- For MBAI and MFDA: Overall 100 and minimum Listening: 20; Reading: 20; Speaking: 19; Writing: 20.
TOEFL (paper-based):
560 for most programs. 580 for Master of Arts in Education, Doctorate of Education (EdD), and Master of Health Science (MHSc).

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.

Not meeting the minimum language requirements?

You may still be able to apply!