McMaster University will continue to host undergraduate academic activities remotely for the Spring/Summer/Intersession term with only a few exceptions for courses that need student access to specialized equipment.


With 90% of students working in the financial industry within a year of graduation,

M-Phimac graduates boast a high rate of success. The majority of graduates begin working the day after completing the program.
About 3/4 of graduates work in the big 5 Canadian banks. The rest find positions in related companies, such as financial consulting firms, insurance companies, pension plans, financial software firms, and financial regulators.

Partial List of Employers

  • Bank of Canada
  • BMO
  • CIBC
  • Credit Suisse Bank
  • Deloitte
  • Deutsche Bank
  • Ernst & Young
  • Genus Capital Management
  • IBM Risk Analytics
  • ICICI Bank Canada
  • Investors Group


  • KPMG
  • M&T Bank
  • Mackenzie Investments
  • Manulife
  • Morgan Stanley Capital
  • OSFI
  • OTPP
  • RBC
  • RiskGrid Technologies
  • ScotiaBank
  • TD Bank

Student Testimonials

  • Chrismos Egbewole, Manager, Ernst and Young
  • Robert Axente, Associate, BMO Financial Group
  • Pejman Salem, Senior Analyst, TD Securities
  • Kristen MacDonald, Senior Auditor, TD Bank Financial Group
  • Letitia Golubitsky, Ph.D, Senior Specialist, BMO
  • Sasha Tailor, Market Risk Analyst, RBC Capital Markets
  • Chrismos Egbewole, Manager, Ernst and Young

    M-Phimac is the best decision I made as an international student living thousand miles away from my hometown. The curriculum breaks the gap between theory and practice and prepares for a smooth transition into the financial industry.
    The program enhanced my interpersonal skills, which now allows me to build excellent relationships with line of business and stakeholders. Whenever I look back to my time at McMaster, I am grateful for the M-Phimac experience, and thankful to the professors and peers that have inspired me.

  • Robert Axente, Associate, BMO Financial Group

    The M-PhiMac program was a rewarding and enriching experience. The skill set developed by the program was a tremendous asset for retaining employment since it set me apart from other applicants who had strong quantitative backgrounds but lacked a well-rounded exposure to finance.

  • Pejman Salem, Senior Analyst, TD Securities

    Applying for M-phimac was perhaps the best professional decision I have made in my life. The intimate environment at M-Phimac combined with the abundance of leading industry and academic knowledge of the faculty members makes it a perfect choice for any prospective applicant.

  • Kristen MacDonald, Senior Auditor, TD Bank Financial Group

    To anyone considering this program, congratulations on considering a valuable and worthwhile start to your career. Although the program is challenging, you are supported by a network of hardworking and intelligent people (even after you graduate!). Your classmates are your teammates as you gain an invaluable understanding of how to apply your quantitative knowledge to finance and banking. I count my classmates as not only respected industry colleagues, but also great friends.

  • Letitia Golubitsky, Ph.D, Senior Specialist, BMO

    The program has taught me rigorous mathematics, computing, theory and modeling, and practical finance. I found the classes extremely well organized and focused on important theoretical aspects of financial modelling.
    The professors have a well respected expertise in various areas of financial mathematics: from stochastic calculus to introduction to financial markets. I have background in pure mathematics and without this program would have been much harder to shift to financial mathematics that deals with real world problems of high complexity. The course on statistics was very well received by all of us and since I landed in industry I use everything I have learned every day. The courses studied in the Phimac program gave a very good start in my first job and put me ahead of other peers who didn't have a master in financial mathematics. I strongly recommend pursuing a Master in Financial mathematics at Phimac if you are planning to change your career to finance.

  • Sasha Tailor, Market Risk Analyst, RBC Capital Markets

    The M-Phimac program not only gave me a strong foundation to meet the demands of my workplace, but also connected me with my current employer. My success in the interview process was largely due to the preparation I received from M-Phimac.

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McMaster University - Faculty of Science | Math & Stats