QS Rank:

25

University of Toronto

Ontario
,Canada

Program Rank

29

Program Name
PhD in Finance
Overview


Total Tuition Fees
$31,050

Duration
60 Months

Median Salary
$1,10,000
Ranking
#18
US World and News Report
#18
The World University Rankings
#25
QS World University Rankings

Intake
Fall ( Sept - Nov )
Class Profile

Class Size
25

Average Age
27

Average Work Experience
2 Years
Diversity
Others:
3%Ontario:
45%Saskatchewan:
2%Manitoba:
5%British Columbia:
15%Alberta:
10%Quebec:
20%Career Outcomes

Median Earnings After Graduation
$1,10,000 / year

Graduation Rate
81%

Job Placement
90%
Prospective Job Roles
Portfolio Manager
Event Insurance Manager
Risk Manager
Financial Analyst
Accountant
Investment Banker
Management Consultant
Corporate Finance Analyst
Financial Manager
Trader
Top recruiters














Eligibility Criteria

Accepted fields include Finance, Management.

At least 3.3 / 4 undergraduate GPA is expected.

At least 16 years of bachelor degree.

At least 24 months of full-time professional experience after graduation.
English Proficiency Tests
IELTS
7
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

Application Fee: 125
Transcript
Statement of Purpose
Academic LOR
Passport
Professional LOR
Resume
IELTS
Application Deadlines
Final | |
---|---|
Fall | Jan 10, 2025 |
Fees and Funding

Tuition Fees
$6,210 / year

Overall Cost
$21,210 / year
FAQs
- No, supervisors are identified after admission. Students are responsible for securing a supervisor once enrolled, but admission is not conditional on this
- Minimum admission average: B+ (direct entry from bachelor’s requires A-). Bachelor’s or master’s degree from a recognized institution. English language proficiency test (for non-native speakers). GMAT or GRE scores are optional for the current application cycle. Letters of recommendation, statement of purpose, and transcripts are required.
- The PhD in Management (Finance) is a full-time, research-intensive program. Students complete advanced coursework in finance, economics, and quantitative methods, followed by comprehensive exams, research projects, and a dissertation. The program typically takes 5–6 years to complete
- Students can specialize in seven fields, including Finance, and benefit from Rotman’s strengths in accounting, business economics, marketing, operations management, organizational behaviour, and strategic management. The Finance stream covers areas such as asset pricing, corporate finance, market microstructure, and financial intermediation
- The program is designed for students aiming for academic and research careers. It provides rigorous training in finance theory, empirical methods, and quantitative analysis, preparing graduates to contribute to scholarly research and teaching in finance
- Yes, the PhD in Finance is offered as a specialization within the PhD in Management program at the Rotman School of Management
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