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

Program overview

Admission Requirements

Intakes

Last updated on 2025-07-11

Program overview

Program Overview

The Master of Financial Data Analytics (MFDA) is designed to cultivate highly skilled finance professionals equipped with the computational abilities necessary for success in the dynamic financial markets of today. This innovative program is the first of its kind in Canada, merging finance, information technology, and data analytics. Students will develop a solid understanding of the role that AI programming and applications play in the modern economy. With the financial industry increasingly relying on data analytics, the demand for professionals who can integrate finance expertise with emerging technologies is on the rise. Graduates will be adept at analyzing financial data and utilizing data analytic skills, including AI programming.

Program Structure

The MFDA program is structured to be completed in a 24-month timeframe, although it can be shortened to 12 months depending on the number of courses taken each semester. The program is offered on a full-time basis and consists of:

8 courses in total
Project or Internship opportunities
In-person delivery method
September start date for new students

This program is recognized as a STEM program, which emphasizes the integration of science, technology, engineering, and mathematics in its curriculum. The MFDA is also a GARP Academic Partner, preparing students for the Part I Exam of the Financial Risk Manager (FRM) professional certification.

Featured Experiences

The MFDA program offers several unique features that enhance the learning experience:

Access to the Finance Laboratory, where students can apply theoretical knowledge using industry-standard databases such as Bloomberg Terminal and S&P Capital IQ.
Experiential learning opportunities through virtual trading environments and Rotman trading cases.
Internship or project options that provide real-world experience in financial data analytics.
Collaboration with faculty experts in finance and data analytics.

Career Options

Graduates of the Master of Financial Data Analytics (MFDA) program can pursue a variety of career paths in Canada, including:

Financial Analyst: Analyze financial data to help organizations make informed investment decisions.
Risk Manager: Identify and mitigate financial risks within an organization, ensuring compliance with regulations.
Data Analyst: Utilize data analytics tools to interpret complex data sets and provide actionable insights for business strategies.
Investment Consultant: Advise clients on investment opportunities and portfolio management based on market trends and data analysis.
Quantitative Analyst: Develop mathematical models to inform financial and risk management decisions, often using programming skills.

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

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Last updated on 2025-07-11

Program overview

Academic Requirements

For the Masters of Financial Data Analytics (MFDA) program, the following Academic Requirements apply:

General Requirements:

Applicants must have a minimum GPA of 3.0 on a 4.0 scale.
Transcripts may be required to be evaluated by WES in some cases.

International Students:

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

Prerequisite Courses:

Specific prerequisite courses are not explicitly mentioned; however, applicants are encouraged to have a strong foundation in quantitative subjects.

It is advisable for all students to apply as soon as possible to ensure timely processing of their applications. For any clarification or support, please contact LOA Portal's advisors.

English Language Proficiency Requirements

If you are from a country where English is not the first language of instruction, you must demonstrate English proficiency to be eligible for admission. You can demonstrate proficiency with one of the following:

Formal full-time study in English

Successfully completing at least three years of formal, full-time study (no less than three academic level courses per semester) at a secondary or post-secondary institution where the language of instruction and examination is English. The minimum three-year requirement does not include time enrolled in an English as a Second Language program or an unapproved English for Academic Purposes program.

English for Academic Purposes (EAP)

Enrolling in the English for Academic Purposes (EAP) program at our English Language Centre (ELC). In collaboration with university departments and faculties, the ELC delivers a high-quality, focused English program for you to be able to seamlessly enter your undergraduate program of choice at the university. The ELC curriculum will place you in relevant language-learning contexts and real-life situations, and will provide you with opportunities to develop the skills needed to succeed in post-secondary education and in a multicultural world.

English test

Ontario Tech will accept the following English tests with the minimum scores listed. Please note that the test date must be within two years of the desired start date and results must be sent to Ontario Tech Admissions directly from the provider unless they can be verified online.

English Language Test	Minimum Score
CAEL	70 overall. All sub-scores must be a minimum of 60.
Duolingo	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).
TOEFL (Internet-based)	83 overall for most programs. 92 overall for Master of Arts in Education, Doctorate of Education (EdD), and Master of Health Science (MHSc). 100 overall for MBAI and MFDA.
TOEFL (paper-based)	560 for most programs. 580 for Master of Arts in Education, Doctorate of Education (EdD), and Master of Health Science (MHSc).

Additional options

Applicants who are following the IB curriculum can satisfy their English language proficiency (ELP) requirements by presenting an IB certificate or diploma with a minimum grade of 4 in IB English A.
Enrolling in an EAP program with one of our partner institutions.

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!