Canada is acclaimed for its exceptional offerings in education, employment opportunities, and industry experience, making it a prime destination for higher education. Opting for a Masters in Finance in Canada is a superb choice for those keen on analyzing financial trends, markets, and the intricacies of finance as a discipline. International students are particularly attracted to Canada for its Master of Finance programs, designed to provide a comprehensive understanding of economic trends, financial needs, assets, liabilities, and investments. These programs are tailored to aid both government and private businesses in making strategic financial decisions. Typically, the duration of Master's in Finance programs at Canada's premier universities ranges from 12 to 20 months.
What better place to pursue your Master's in Finance than in Canada? The country's top institutions offer transformative opportunities in this field, with graduates often beginning their careers with impressive starting salaries of around 60,000 CAD. Interested in learning more? Continue reading to uncover the finest Master's in Finance courses that Canada has to offer!
The Master of Finance programme gives students a solid foundation in financial principles. It also allows students to concentrate on their specific area of interest. Banking, investments, risk management, and international finance are all possibilities. Students choose a specialisation from a variety of electives in their second year
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Degree level |
Master Degree |
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Duration |
2 years |
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Type of Programs |
Degree /Certificate/PG Diploma |
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Mode |
Full-time / Part-time |
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Average Annual Tuition Fee for International Students |
30,000 CAD to 88,000 CAD |
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Specializations |
Financial analytics |
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Management in financial strategies |
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Financial strategic management |
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Financial planning |
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Financial risk management |
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Financial planning services |
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Top Programs |
MBA in Finance |
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Financial management diploma |
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A graduate certificate in financial planning |
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Master of finance |
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Master of financial economics |
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Master of management in finance |
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Top Universities |
Centennial College |
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University of Toronto |
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George Brown College |
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University of Alberta |
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Humber College |
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University of British Columbia |
One of the most sought-after programmes is the MSc Finance Canada. Let us investigate why the master of finance in Canada is so famous among international students:
MSc Finance is a highly valuable course: Canada is one of the world's most valuable and highly ranked courses. Graduate students in finance work as financial analysts, investment bankers, tax advisers, financial managers, and other positions that pay well.
Outstanding Education: Best universities in Canada for masters in finance have distinguished themselves worldwide by providing the best infrastructure. Canada is well-known for providing outstanding educational and industrial opportunities to international students.
A variety of courses and specialisations: Some of the best finance courses in Canada provide students with specialisations such as professional financial services, finance planning, insurance management, and financial analytics, among others.
Bright career prospects: If you pursue an MS in Finance in Canada, you will access extremely powerful job opportunities with world-renowned recruiters. Furthermore, after earning your master's degree, you can pursue further studies in finance through various scholarships.
The best finance universities in Canada offer international students innovative, rewarding, and out-of-the-box experiences.
The following are the top universities in Canada for master's degrees in finance:
|
Universities |
QS Rank 2024 |
Popular Programs Offered |
Durations |
Average Tuition Fees (in CAD) |
|
University of Toronto |
21 |
Master of Finance |
20 months |
92,500 |
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McGill University |
30 |
Master of Management in Finance |
12 months |
49,500 |
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University of British Columbia (UBC) |
34 |
Master of Science in Finance |
16 months |
53,298 |
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York University - Schulich School |
98 |
Master of Finance |
12 months |
69,500 |
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University of Alberta |
111 |
Master of Financial Management |
10-16 months |
57,000 |
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HEC Montréal |
141 |
Master of Science in Finance |
16-24 months |
24,000 |
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Simon Fraser University |
318 |
Master of Science in Finance |
16 months |
37,500 |
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Queen's University |
209 |
Master of Finance |
12 months |
77,000 |
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University of Calgary |
182 |
Master of Business Administration |
20 months |
35,298 |
|
Concordia University |
387 |
Master of Science in Finance |
24 months |
19,000 |
Universities in Canada have the best master's degree programmes in finance.
The table below contains a list of some of these programmes, as well as other pertinent information:
|
Program |
University |
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Financial Management Diploma |
University of Winnipeg |
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Graduate Certificate in Professional Accounting Practice |
Humber College |
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Graduate Certificate in Financial Planning |
Humber College |
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Master of Financial Risk Management |
University of Toronto |
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Master of Finance |
McMaster University |
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M.B.A in Finance |
University of Alberta |
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Master of Accounting |
University of Alberta |
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Master of Financial Economics |
Western University |
MS, MA, and MBA degrees are available for postgraduate study in finance. Each programme, however, teaches students the fundamentals of financial systems within various organisations, such as financial reporting, investment, and tax law. The following is the typical curriculum structure of most finance programmes:
Financial Analysis and Reporting: This section covers accounting and related terms such as assets, liabilities, financial statements, and shareholders' equity wealth.
Corporate Finance: Students learn to value time, debt, and equity securities. It allows them to gain insight into various organisations and their financial statements.
Business Communication: This course improves students' verbal and written communication abilities. This is accomplished by creating reports, memos, and emails, as well as holding lead meetings and presentations.
Business Taxation: It is critical for students studying MS in Finance to understand the federal income tax system and how to perform credits and debits for business expenses.
Investment Analysis: By analysing portfolio securities, students learn about their functions and the markets they operate.
The following section delves into common prerequisites for admission to Canadian universities, such as academic preparations and standardised tests.
It is important to note that these eligibility requirements are only for international students.
Academic Requirements: Prospective applicants must hold an undergraduate degree from an accredited university/institution and have taken prerequisite classes in business statistics, financial theory, business finance, and so on.
Minimum GPA: Generally, candidates seeking a master's degree in finance must have a minimum GPA of 3.0. On the other hand, transfer students must have at least a 2.0 GPA (73-76%) on a 4.0 scale. Most online graduate programmes do not require a minimum GPA for admission.
Standardised Competitive Test Scores: International students applying for an MS in Finance in Canada must submit standardised test scores such as the GMAT or GRE. The minimum requirements for these tests differ from one university to the next.
English Proficiency Requirements: Non-native English speakers must demonstrate their English language proficiency. International students can submit IELTS or TOEFL test scores for the same.
The application process for some of Canada's top finance universities is discussed briefly below:
Completion of online application to universities offering masters in finance in Canada includes submission of the following documents:
MS in finance tuition fees in Canada range between 30,000 CAD and 88,000 CAD per year.
Students should budget for living expenses of approximately 20,000 CAD per year in addition to Masters in Finance Canada fees. This figure is based on a single person's standard needs, including housing, groceries, clothing, public transportation, and miscellaneous expenses.
|
University |
Course |
Tuition Fees (Per Year) (CAD) |
|
University of Toronto |
Master of Finance |
46,250 |
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McGill University |
Master of Management in Finance |
49,500 |
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University of British Columbia (UBC) |
Master of Science in Finance |
53,298 |
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York University - Schulich School |
Master of Finance |
69,500 |
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University of Alberta |
Master of Financial Management |
57,000 |
|
HEC Montréal |
Master of Science in Finance |
24,000 |
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Simon Fraser University |
Master of Science in Finance |
37,500 |
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Queen's University |
Master of Finance |
77,000 |
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University of Calgary |
Master of Business Administration |
35,298 |
|
Concordia University |
Master of Science in Finance |
19,000 |
Various scholarships are available for Indian students to pursue a master's degree in finance in Canada, including university-specific, privately funded and government-funded scholarships.
Some scholarships for your MS in finance in Canada are listed below:
|
Scholarships |
Eligibility |
Award (in CAD) |
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University of Toronto Fellowship |
Merit-based for Master of Finance students |
Up to 10,000 |
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McGill University Entrance Scholarships |
Academic excellence, leadership qualities |
Varies (up to full tuition) |
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UBC Sauder School of Business Scholarships |
Academic performance, extracurricular involvement |
10,000 - 40,000 |
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Schulich School of Business Scholarships |
Merit-based for incoming students |
5,000 - 20,000 |
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University of Alberta Master's Entrance Award |
Academic excellence in undergraduate studies |
Up to 17,500 |
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HEC Montréal Excellence Scholarship |
Outstanding academic record |
Up to 20,000 |
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Simon Fraser University Graduate Fellowship |
Academic excellence, research potential |
Up to 6,500 per term |
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Queen's University Dean's Master's Awards |
Academic excellence |
Up to 10,000 |
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University of Calgary Graduate Awards |
Academic merit, research potential |
Varies |
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Concordia University Graduate Fellowships |
Academic achievement, research capacity |
Up to 14,000 |
These are one-time expenses incurred prior to or during the admissions process.
The following are the major components of the pre-arrival costs:
|
Expenses |
Costs in USD |
|
Application Fees |
100 - 250 per application |
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Standardized Test Fees |
205 - 250 (GMAT/GRE) |
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Student Visa Application Fee |
150 |
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Airfare |
500 - 1,500 |
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Health Insurance (per year) |
600 - 800 |
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Accommodation Deposit |
400 - 800 |
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Initial Living Expenses |
1,000 - 2,000 |
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Job Profiles |
Average Annual Salary (in CAD) |
|
Financial Analyst |
60,000 - 80,000 |
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Investment Banker |
70,000 - 100,000 |
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Risk Manager |
75,000 - 95,000 |
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Portfolio Manager |
80,000 - 120,000 |
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Corporate Finance Manager |
85,000 - 110,000 |
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Financial Planner |
55,000 - 75,000 |
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Quantitative Analyst |
70,000 - 90,000 |
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Compliance Officer |
65,000 - 85,000 |
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Treasury Manager |
80,000 - 100,000 |
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Credit Analyst |
60,000 - 80,000 |
Pursuing a master's degree in finance from Canada opens up numerous opportunities in the economy's financial, services, and industrial sectors. In Canada, the average salary for a master's degree in finance is 123,000 CAD per year.
The following are some of the highest paying jobs in Canada for international students, along with job descriptions:
Accountant: Students interested in monitoring the financial health of organisations through record analysis can pursue this career path. The job description includes preparing taxes and recommending changes to increase the company's revenue and decrease its expenditures.
Budget Analyst: A budget analyst's job is to work with management to create budgets. They examine and develop budget proposals for the company to meet state and federal demands and regulations.
Financial Analyst: A financial analyst determines the financial worth of a company by analysing and evaluating its financial reports and statements. They examine the economic market and suggest bonds and stock options to provide insights into the company's economic standing by collecting relevant data.
Market Research Analyst: Market Research Analysts conduct surveys and polls to forecast sales and marketing trends by observing consumer behaviour. Their job also entails creating reports to track the buyer's interest and spending.
Risk Manager: Students interested in this career will investigate various factors that influence potential gains and losses, such as workplace accidents, natural disasters, market fluctuations, and legal issues.
Are you still unsure about anything? Not to worry, though. Contact AECC today to get your questions answered! AECC is one of the world's leading educational consultancies, with a diverse team of expert professionals to answer any questions you may have. Please get in touch with us so that we can assist you in the pursuit of your dream.
Graduates with a Master of Finance degree can pursue careers in financial planning, corporate finance, and investment banking. Graduates may also pursue careers as financial analysts or financial managers. A finance graduate's annual income ranges between CAD 50,000 and 60,000.
Canadian higher education institutions place an emphasis on applying theoretical knowledge to real-world challenges. Universities in Canada offer Master of Finance programmes that last one to two years.
There are several colleges in Canada that do not require a GMAT score for admission. The Masters in Finance is one such programme that is popular among students of different backgrounds.
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