The Master of Financial Data Analytics (MFDA) program at Ontario Tech University is a professionally focused graduate program designed to prepare students for advanced careers in finance, financial technology, data analytics, artificial intelligence, and risk management. The program combines financial expertise with modern computational and analytical skills required in today’s rapidly evolving global financial industry.
Students gain practical knowledge in financial analytics, AI programming, quantitative analysis, financial markets, and data-driven decision-making. The curriculum is designed for students from both quantitative and business backgrounds, providing interdisciplinary training in finance and advanced data analytics technologies.
The MFDA program includes coursework along with an internship or applied project option, allowing students to gain real-world industry experience. Students also benefit from exposure to AI applications in finance, financial modelling, predictive analytics, and emerging financial technologies used in banking and investment sectors.
As a GARP Academic Partner, the program prepares students with foundational knowledge relevant to the Financial Risk Manager (FRM) professional certification, one of the leading global certifications for risk management professionals. Graduates are well prepared for careers in financial analytics, fintech, banking, investment management, quantitative analysis, and data-driven financial consulting.
- Academic Requirement: Recognized 4-Year Honours Bachelor Degree or equivalent Preference given to applicants with backgrounds in Business, Commerce, Management, Economics, Informatics, or related fields Minimum B Grade / GPA 3.0 on 4.3 scale (approximately 73–76%) required Minimum B average in the last two years of undergraduate studies preferred Work experience or strong GMAT score may be considered in lieu of GPA requirement Completion of at least one Information Systems course and one Advanced Mathematics course (Linear Algebra, Calculus, Statistics, etc.) required
- ELP Requirement: IELTS: 7.0 Overall TOEFL Accepted PTE Accepted Duolingo Accepted
- Special Requirement: Completion of at least one Information Systems course required Completion of one Advanced Mathematics course (Linear Algebra, Calculus, Statistics, etc.) required Work experience or strong GMAT score may strengthen application profile Business, Commerce, Economics, Informatics, or related academic background preferred Additional Program Benefits MakeStudy™ Application Fee Discount Available Approximate Application Fee after waiver: CAD $60 Official Tuition Deposit for LOA: CAD $2,000 Internship and capstone opportunities available Industry-focused professional master’s degree Strong emphasis on AI-driven business decision-making and digital economy Technology-focused learning environment with industry partnerships Designed to prepare students for leadership roles in analytics and AI sectors
Under Graduate Students
How do I receive a 100 per cent refund?
You have 10 business days from the first day of classes to decide if you want to change your course load or withdraw and receive a 100 per cent refund.
How do I receive a 50 per cent refund?
You have 20 business days from the first day of classes to decide if you want to change your course load or withdraw and receive a 50 per cent refund. The 50 per cent refund is applicable to your tuition fees only and does not include:
- Compulsory ancillary fees
- Flat fees
- Course-and program-specific fees (if applicable)
Withdrawing from the university
If you are considering withdrawing from the university, we encourage you to talk to your Academic Advisor. After meeting with your advisor, if you choose to withdraw from the university you are responsible for completing the undergraduate withdrawal process by the posted deadline.
Graduate Students
You may drop classes through MyOntarioTech. After the tenth day of the term, drop requests must be completed using the Add/Drop Form. Please check Important Dates for more information.
Withdrawing from the university
If you are considering withdrawing from the university, we encourage you to talk to your Graduate Faculty Office and your supervisor (if applicable). After discussing with your faculty, if you choose to withdraw from the university you are responsible for completing the graduate student withdrawal form.
Note: Important deadlines can be checked by clicking here (Check deadlines)
- Application Fee: $120
- LOA Deposit: $2,000
- Annual Tuition Fee: $26,046
- Total Tuition Fee: $52,093
- Course Duration: 16 Months
- Credentials: Masters
- Intake: January September
- Degree Certificates
- Academic Transcripts & Marksheets
- English Test Scores (if applicable)
- Resume / CV
- Statement of Academic Intent
- Two Reference Letters