- LEARN about the PMF; the Year 1 Introduction Session in March is a chance for you to BEGIN to explore the program, and a capital markets career. Is it what you want? You also have to learn if YOU are cut out for a capital markets career! The summer between Year 1 and Year 2 gives you some time to explore.
- Attend the Year 2 Information Session in September to learn about how to apply to the PMF
- Apply by submitting:
a. A cover letter
b. A 1-page resume
c. A completed PMF Application
d. A listing of all (UBC and elsewhere) university grades
The Admissions Process (happens in September of Year 2 of university):
- Written applications are reviewed by 3 or more faculty/investment professionals. About 25 applicants will be selected for the next stage: interviews.
- About 25 applicants will complete the following interview schedule:
a. Interview with a faculty member and an investment professional
b. Interview with two PMF alumni
c. Attend a reception for all interviewers and applicants
The 12 interviewers involved in the selection process then meet to select a “short list” of less than 10 candidates to be invited to one final interview
- The short-listed candidates attend a final interview with faculty and investment professionals
- The new PMF class is selected.
The Selection Criteria
The PMF is looking for people with attributes we feel will enable them to succeed in capital markets careers. No single attribute determines a candidate’s suitability; the entire “package” of attributes is the determining factor. For example, being smart is a prerequisite for success in the capital markets. But, admission to UBC and the Sauder School is strong evidence that every PMF applicant is smart. Being smarter than other applicants only helps if the candidate possesses other attributes that we also value highly. Intelligence alone will not get an applicant into the program.
1. Intelligence is measured primarily by university grades.
2. Interpersonal skills are evidenced by extra-curricular activities of the candidate. Activities that require coordination and communication between individuals show us an applicant’s ability to work with others to achieve group success.
3. The ability to communicate effectively is evidenced by the written application, particularly the cover letter and candidate statement on the PMF Application and, if the applicant has the chance, their performance at the PMF interviews.
4. Leadership is used here to mean an ability to work in groups to achieve team goals. This is evidenced by a candidate’s participation in group events. Examples include high school or university level team athletics, or being on the debate team, or volunteering, in conjunction with other volunteers, to help the disadvantaged. The applicant need not be the “leader” to demonstrate leadership; “leading by doing” is often the most effective team motivator.
5. “Rounded and grounded” has two components: (i) having interests beyond finance, as evidenced by extra-curricular activities and (ii) having a sense of who one is: life experience will provide us with many successes and challenges; evidence of being able to handle these ups and downs is evidence of personal strength that can be important to future success.
What is NOT REQUIRED: Candidates are NOT required to be finance “experts”! We will teach successful applicants plenty of finance! We DO look for a candidate’s interest in finance. The long hours a PMF student spends DOING finance will fly by if they are doing what they love.