Assistant Director: P. Brown (416-287-7421) Email: mgmtcoop.utsc@utoronto.ca
Management Co-op Academic Director: S. Ahmed E-mail: mgmtss.utsc@utoronto.ca
Double Degree in Quantitative Finance and Statistics Co-op Supervisor of Studies: S. Damouras E mail: sotirios.damouras@utoronto.ca
Academic Directors:
S. Ahmed Email: mgmtss.utsc@utoronto.ca (BBA)
S. Damouras Email: sotirios.damouras@utoronto.ca (BSc)
Program Director: C. Arsenault E-mail: mgmtcoop.utsc@utoronto.ca
The Double Degree program combines the Specialist (Co-operative) Program in Management and Finance and the Specialist (Co-operative) Program in Statistics, Quantitative Finance stream. Students completing the Double Degree program will qualify to graduate with two degree designations – the Bachelor of Business Administration (BBA) and the Honours Bachelor of Science (BSc), assuming all other degree criteria are met.
The Double Degree program is a Work Integrated Learning (WIL) program that combines academic studies with paid work terms in public and private enterprises. Depending on their needs and abilities, students work in areas such as finance, insurance, data analytics, accounting, consulting, business intelligence, marketing, policy, strategic planning and entrepreneurship. The Double Degree program will equip students with a comprehensive understanding of financial markets, and develop the business and quantitative skills required to function in them.
The Double Degree program operates on a trimester schedule, featuring three terms (Fall, Winter and Summer) in each Calendar year. Students work or study in all three terms for five years, or until graduation requirements are met. It requires 11 four-month terms of study and 3 four-month work terms.
Enrolment Requirements
Enrolment in the Double Degree program is limited.
1. Students applying directly from high school are admitted on the basis of academic performance. They must have completed Grade 12 English, Grade 12 Advanced Functions, and Grade 12 Calculus & Vectors. Applicants must also submit a Supplementary Application Form.
Course Guidelines for Students Admitted to Double Degree Program Directly from High School:
Students must complete the following courses in their first year of study: MGEA02H3, MGEA06H3, MATA22H3, MATA31H3, MATA37H3, MATA67H3/CSCA67H3, MGAB01H3, MGAB02H3, MGHA12H3, MGMA01H3 and MGTA38H3.
2. Students already pursuing a BBA program and degree may apply to enter this Double Degree program. The application can be made before the end of the Winter semester and/or before the end of the Summer semester. Application for admission will be considered only for the round during which the student has made the Subject POSt request. Students considering switching to the Double Degree program should consult with the program supervisors as soon as possible.
The minimum Cumulative Grade Point Average (CGPA) for Program admission is calculated for each application period, and is based on University of Toronto courses only. Decisions are made when all grades have been received.
Students must have completed at least 5.0 credits (none of which can be designated as CR/NCR), including: MGEA02H3, MGEA06H3, MGAB01H3, MGAB02H3, MGHA12H3, MGTA38H3, MATA22H3, MATA31H3, MATA37H3, and MATA67H3/CSCA67H3.
Students who have taken MATA34H3 or [[MATA30H3 or (MATA32H3)] and [(MATA33H3) or MATA36H3]] instead of [MATA31H3 and MATA37H3] can still apply to the Double Degree program if they are taking or plan to take MATA37H3 at the time of application and could receive admission conditional on their grade in MATA37H3 being above a threshold to be specified each year.
Notes:
- Students MUST complete the pre-requisite of MATA67H3/CSCA67H3 in order to take MATA37H3.
- MATA34H3 is not a substitute for MATA31H3. Students who have completed MATA34H3 will be required to take MATA31H3 as an Extra (EXT) course before taking MATA37H3.
Students may apply until they have completed up to 10.0 credits. Students who have completed more than 10.0 credits will not be able to apply to the Double Degree Program. For those who apply with more than 5.0 credits, their CGPA at the time of application will be calculated with more weight assigned to the required courses listed under the 5.0 credits.
Applicants must submit a resume and covering letter to the Management Co-op Office during the limited Subject POSt request period outlined on the Office of the Registrar website. For information on what to include in your resume and covering letter, visit the Management Co-op website. An interview may also be required.
CGPA Requirement to Remain in the Double Degree Co-op Program
Students must maintain a CGPA of 2.5 or higher. Students whose CGPA falls below 2.5 will be placed on probation. Students on probation will be reinstated to the Double Degree program if they complete at least 2.0 credits (none of which can be designated as CR/NCR) in the following session and raise their CGPA to at least 2.5. Students who cannot get out of probation in two consecutive sessions, or whose CGPA falls below 2.3, will be removed from the Double Degree Co-op Program. Students removed from the Double Degree (Specialist Co-op Programs) can pursue the Double Degree (Specialist Programs), or one of its non Co-op constituent programs (i.e., the BBA Specialist Program in Management and Finance, or the BSc Specialist Program in Statistics, Quantitative Finance stream).
Program Requirements
The Double Degree program requires the completion of 25.0 credits. 21.5 credits are core program requirements as listed below, and 3.5 further credits are required to complete degree requirements.
NOTE: Students who have taken STAB53H3 and STAB57H3 and then transfer to any other BBA program must also take MGEB12H3 to fulfill the program requirements.
1. Communications requirement (0.5 credit)
MGTA38H3 Management Communications
2. Management requirements (5.0 credits)
MGAB01H3 Introductory Financial Accounting I
MGAB02H3 Introductory Financial Accounting II
MGAB03H3 Introductory Management Accounting
MGHB02H3 Managing People and Groups in Organizations
MGHA12H3 Human Resource Management
MGHC02H3 Management Skills
MGMA01H3 Principles of Marketing
MGMB01H3 Marketing Management
MGOC10H3 Analysis for Decision-Making
MGOC20H3 Operations Management: A Mathematical Approach
3. Science requirements (9.0 credits)
CSCA08H3 Introduction to Computer Science I
MATA67H3/CSCA67H3 Discrete Mathematics
CSCC37H3 Introduction to Numerical Algorithms for Computational Mathematics
MATA22H3 Linear Algebra I for Mathematical Sciences
MATA31H3 Calculus I for Mathematical Sciences
MATA37H3 Calculus II for Mathematical Science
MATB24H3 Linear Algebra II
MATB41H3 Techniques of the Calculus of Several Variables I
MATB42H3 Techniques of the Calculus of Several Variables II
MATB44H3 Differential Equations I
MATB61H3 Linear Programming and Optimization
MATC46H3 Differential Equations II
STAB52H3 An Introduction to Probability
STAB57H3 An Introduction to Statistics
STAC62H3 Probability and Stochastic Processes I
STAC67H3 Regression Analysis
STAD37H3 Multivariate Analysis
STAD57H3 Time Series Analysis
4. Economics requirements (2.0 credits)
MGEA02H3 Introduction to Microeconomics: A Mathematical Approach
MGEA06H3 Introduction to Macroeconomics: A Mathematical Approach
MGEB02H3 Price Theory: A Mathematical Approach
MGEB06H3 Macroeconomic Theory and Policy: A Mathematical Approach
5. Finance requirements (3.0 credits)
MGFB10H3 Principles of Finance
MGFC10H3 Intermediate Finance
[MGFC30H3 Introduction to Derivatives Markets or STAB41H3 Financial Derivatives]
MGFC35H3/(MGFD10H3) Investments
STAC70H3 Statistics and Finance I
STAD70H3 Statistics and Finance II
6. At least four courses (2.0 credits) from:
MGEC71H3 Money and Banking
MGFC20H3 Personal Financial Management
MGFC45H3 Portfolio Management: Theory & Practice
MGFC50H3 International Financial Management
MGFC60H3 Financial Statement Analysis & Security Valuation
MGFD15H3 Private Equity
MGFD25H3 Financial Technologies and Applications (FinTech)
MGFD30H3 Risk Management
MGFD40H3 Investor Psychology and Behavioural Finance
MGFD50H3 Mergers and Acquisitions: Theory and Practice
MGFD60H3 Financial Modeling and Trading Strategies
MGFD70H3 Advanced Financial Management
NOTE: In selecting options and electives, students should refer to the guidelines for program breadth and depth found in the Degree Requirements section of this Calendar.
Co-op Work Term Requirements
All Double Degree program Co-op students must take MGTA38H3 prior to commencement of their first work term. Students are advised to consult regularly with the Academic Supervisors, or the Program Director, if they have questions regarding course selection and scheduling. It is however the students' individual responsibility to ensure that they have completed the correct courses to make them eligible for each work term and that they have correctly completed program and degree requirements for graduation.
Students who apply after the first year and are successful in receiving a June offer will be expected to complete a Co-op Advancing Your Career Exploration (AYCE) course beginning in the third week of June, and continuing throughout the summer.
To compete for a work term a student must maintain a 2.5 CGPA, and must have completed:
- For the first work term:
- For the second work term: 9.0 credits.
- For the third work term: 11.0 credits.
For information on fees, status in Co-op programs, and certification of completion of Co-op programs, see the Co-operative Programs section of this Calendar.
