Application Process

Applications to the MFI (Master of Financial Insurance) program must be submitted through the School of Graduate Studies (SGS) online admissions application.

  • If you are a first-time applicant, begin your application by clicking the Register link under “New Applicants.” You will create a personal profile, and a 12-digit Applicant Number and Password will be sent to you at the email address you provide. If you choose to submit your application in one sitting, it will take 30-60 minutes to complete.
  • You may save and return to the application at any point in the process. enter your Applicant Number and Password in the “Returning Applicants” section below to log back in later to complete your application.
  • For "Graduate Unit," select the Department of Statistical Sciences.
  • For "Program of Study," select Master of Financial Insurance (MFI).
  • To view the status of your application, including outstanding requirements, please log in to your account.
  • At this point you will have the option to upload your transcript, resume, and your three reference requests, however you will need to submit the application and pay the application fee before you will be able to upload additional materials which include your Letter of Intent/Personal Statement. You can return to your application at any time before the deadline to upload documents.
  • After paying your application fee, you can continue to upload missing materials including a personal statement/letter of intent through your applicant portal.
  • Applicants are responsible for ensuring that the following documentation is received by the MFI Program Office before the final application deadline.


Application Materials

Applicants must upload the following supporting documents to the SGS online application:



Upload unofficial transcripts electronically to the SGS online application. Include a legend to your university’s grading scheme with the unofficial transcript. Official transcripts of successful applicants will be requested after admission decisions have been made. You do not need to send an official transcript at the time of application; this will be required after an offer has been accepted. We prefer official transcripts to be sent via secure email to the MFI Graduate Administrator however hard copies of official transcripts can be sent to:

MFI Graduate Program Administrator
University of Toronto
Department of Statistical Sciences
700 University Avenue, 9th Floor
Toronto, ON M5G 1Z5

Please note: If you are currently in your final year of study please wait until your fall grades have been issued to upload your transcript as we will need these grades for assessment.



You will be required to enter contact information for THREE referees, (name, affiliation [university/company], and institutional e-mail address). Please note: Gmail, yahoo, Hotmail, etc. are not recognized.

At least TWO of your three academic letters of reference must be from university/college faculty who have either taught you or supervised your research. They must know you well enough to be familiar with your academic ability and participation.

Your referees will receive a notification email that they have been requested to complete a reference for your application. They will also receive instructions for submitting their reference letter through the application system.

If you need to change your referees after submitting, please contact the MFI Graduate Administrator.

If you need to send a reminder email to your existing referees, you can do so through your applicant portal after submitting your application.



Upload a current copy of your resumé or CV to the online application (ONE page).


Letter of Intent

Upload a statement (maximum 500 words) describing your interest in the MFI Program and your suitability. Applicants should also explain why this program is an appropriate fit and how it aligns with their career goals. Please note poorly written statements will be deemed inadmissible so we strongly advise that you carefully proofread your statement for grammatical and spelling errors.

English Language Proficiency (if applicable) (TOEFL/IELTS) Department Code 0982

If your primary language is not English and you graduated from a non-Canadian university where the language of instruction was not in English, then you must demonstrate your facility in English by successfully completing an acceptable English Facility Test. This requirement must be met at the time you submit your application. Your application will not be considered until your official score report (meeting minimum standards as set by SGS in all sections) is sent to UofT before the final application deadline. Acceptable tests and required scores are listed here.

As an international student and you have earned a degree in a program split between two institutions, where one of the institutions languages of instruction and examination is not uniformly English, even if the degree is awarded by an English-medium institution, language scores still must be provided, as the language of instruction and examination is not uniformly English.

Canadian domestic students who studied at a Canadian university where the language of instruction is French are exempt from these requirements and are not required to complete an English Proficiency Test.

You are not required to complete an English Facility Test if your four-year undergraduate bachelor’s degree from an accredited university was entirely in English language instruction (all courses, all four years).

Please note that your application is not complete until you have submitted the ELP requirement.



  • We do not require GRE or GMAT.

Your application will only be considered after you have included all the application materials listed above and paid the School of Graduate Studies’ application fee. The MFI Admissions Committee will review complete applications immediately after the application deadline. Only shortlisted applicants selected for an interview will be contacted via e-mail. Applications received after the deadline will not be processed even if you have paid the application fee.

Apply now!