University Of Toronto Accounting Master

Last Updated on December 22, 2022

University of Toronto has a reputation for its outstanding programs in arts and sciences, and many of the graduate-level programs continue to be world-renowned. Accounting is no exception.

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One-Year Admission Criteria

Admission decisions are based on an analysis of academic strength, leadership ability, experience, professionalism, and ability to communicate verbally and in writing.

Admission Requirements

Applicants admitted into the Master of Management & Professional Accounting program must have:

  • a satisfactory GPA for the stream you are applying to, in the final year of a four-year bachelor’s degree
  • a satisfactory score on Graduate Management Admission Test (GMAT) (if required)
  • a satisfactory score on English Proficiency Test (if required)

Canadian Degrees

For Canadian universities, please visit the OLSAS Undergraduate Grading System Conversion Table to help guide you in determining whether you meet the minimum GPA requirements for our program.

International Degrees

The University of Toronto School of Graduate Studies establishes degree & GPA equivalencies for international degrees. Please consult the School of Graduate Studies Admission Requirements to determine your country of study’s equivalency to the four-year bachelor’s degree requirement and mid-B GPA requirement.

One Year MMPA Stream

For students with a Canadian undergraduate degree specializing in accounting. The One Year MMPA will put you on a fast-track path to leadership armed with business and accounting expertise. Visit the One Year MMPA Admissions page for more information.

Two Year MMPA / + Foundation Term Stream

For students with any undergraduate degree, the Two Year MMPA is an opportunity to reach a leadership role by pairing knowledge acquired in your undergrad with robust business and accounting capabilities. Visit the Two Year MMPA Admissions page for more information.


Applicants applying to the Master of Management & Professional Accounting program must have taken a Graduate Management Admission Test (GMAT) within the past 5 years, if required (please see waiver options below). The GMAT test results must be submitted by the application deadline.

Minimum scores required:

  • Total Score: 570
  • Verbal: 46%
  • Quantitative: 46%
  • AWA: 4.0
  • There is not a minimum for the Integrated Reasoning section

The GMAT can only be waived for:

  • Students who have studied for 4 years at an accredited North American university and graduated or will graduate with a four-year degree are not required to provide a GMAT
  • Any applicant graduating from one of the following:
    • University of Toronto Mississauga’s BCom (Accounting Specialist Program);
    • The Rotman School’s BCom (Accounting Specialist);
    • The University of Toronto Scarborough’s BBA (Specialist in Management & Accounting)

The MMPA Program Code is BTD-88-76. Please ensure to request your scores be made available to the “The MMPA Program”

The GMAT is offered as the Computer-Adaptive Test. Further information is available and tests can be scheduled at the Official GMAT website.

If test centres are closed in your area due to the COVID-19 pandemic, then please proceed to write online.

English Proficiency Test

You will need to provide evidence of your English proficiency if:

  • English is not your first language (i.e. is not the first language you learned at home as a child);
  • You have not completed at least four or more years of full-time study at a recognized Canadian school that teaches in English;
  • You have not completed at least four or more years of full-time study in an English language school located in a country where the dominant language is English;
  • Your first language is not French and you have not completed four or more years of full-time study at a recognized Canadian school

Proof of English language proficiency must be provided by satisfactory performance on one of the following tests:

  • Test of English as a Foreign Language (TOEFL) [Institution Code – 0982];
  • Michigan English Language Assessment Battery (offered through a number of locations, for example;
  • International English Language Testing System (IELTS);
  • The Certificate of Proficiency in English (COPE)
  • Canadian Academic English Language Assessment (CAEL)
    • The Canadian Academic English Language (CAEL) Test, measures the English language proficiency of students planning to study at Canadian universities and colleges.

Minimum scores required:

  • TOEFL: Total: 100, Writing: 22, Speaking: 22
  • IELTS: Overall 7.0 and 6.5 in each component
  • COPE Required Score: 76 (with at least 22 in each component and 32 in the writing component).
  • CAEL Required score: 70 minimum total score with at least 60 in each part.

To review the School of Graduate Studies English proficiency exemptions in full, please click here.

Application Process

Applications open on September 1st for the following academic year and close January 31st. All applications are to be submitted online.

Master of Accounting and Finance (MAccFin)

Master of Accounting and Finance (MAccFin)

North America’s First Graduate Degree in Accounting and Finance

U of T Scarborough’s Master of Accounting and Finance (MAccFin) program delivers a world-class, practical educational experience that prepares students for the CPA, CFA, and ACCA designations and provides additional real-world co-opexperience. 

Distinguishing Features

  • CPA, CFA & ACCA Designations: The 16-month, full-time program is accredited by the Chartered Professional Accountants of Ontario and the curriculum is based on the Candidate Body of Knowledge from the Chartered Financial Analyst Program administered by the CFA Institute. By completing the MAccFin, students will qualify for advanced standing in the Chartered Professional Accountant Professional Education Program (CPA PEP). Accredited by the Association of Chartered Certified Accountants (ACCA) as well, MAccFin graduates will have direct entry to ACCA’s final Strategic Professional level exams upon completion of our program. All MAccFin students now have 9 foundational course exemptions in the Applied Knowledge and Applied Skills levels when pursuing their ACCA qualification. Read more about this incredible milestone. 
  • Well-Rounded Education: MAccFin students will have the ability to move successfully between careers in both accounting and finance, and will be well positioned for opportunities in consulting, project management, equity research, investment banking, transaction services, and corporate finance. Integration of advanced courses in accounting, finance, leadership, data analytics, and strategy enable students to ascend into positions of strategic decision-making and industry leadership. Learn more about our program structuring and course offerings in the MAccFin program by clicking here.
  • Practical Experience: The co-op component builds on 40 years of experience and leadership in co-operative education. Co-op continues to be a distinctive feature of our Management programs and provides students with a head start toward completing their professional experience requirements. During the program, students will have access to U of T Scarborough’s diverse portfolio of Canada’s most prestigious employers to complete a four-month co-op work term.

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