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Masters in Finance Canada 2024: Best Universities, Fees, Eligibility
Edited By Sareena Kaur Sethi | Updated on Jul 19, 2024 05:14 PM IST
Finance is among the most popular courses for pursuing postgraduate degrees across the globe. The Finance stream offers various specialisations like Corporate Finance, Financial Economics, Risk Management, International Finance, Accounting, etc. that many top-tier employers seek among young graduates nowadays. That brings us to the best country in the world for pursuing a masters in Finance- Canada.
This Story also Contains
- Masters in Finance in Canada: Highlights
- Top Masters in Finance Canada Universities
- Admission Requirement for Masters in Finance in Canada
- Admission Process for Masters in Finance in Canada
- Masters in Finance in Canada Requirements: Documents
- Masters in Finance Canada Specialisations
- Masters in Finance Canada without GMAT
- Masters in Finance Canada Scholarship
- Masters in Finance Canada Salary
Some of the best universities to pursue masters in Finance in Canada for international students include the University of Toronto, McGill University, the University of Alberta, York University, and much more. Most of these universities offer masters in Finance in Canada courses for 1 to 2 years, with an option to opt for part-time or full-time studies.
There are also certain requirements that Indian students need to fulfill in order to pursue an MS in Finance in Canada like a higher GPA, English proficiency exams (IELTS/TOEFL), GRE or GMAT scores, valid student visas for Canada, and much more. Furthermore, some of the cheapest masters in finance in Canada courses begin at the range of CAD 30,000 annually.
Moreover, completing a master in Finance course from Canada can prove to be quite fruitful as the country is home to reputed universities, MNCs, a growing job market, and harbours a multicultural environment. One can opt for career options such as Financial Analyst, Tax Advisor, Financial Director, CFO, Forensic Accountant, and more. Read the article to know all the details about Masters in Finance in Canada for international students in 2024.
Read more: Study in Canada for Indian Students
Masters in Finance in Canada: Highlights
International students can go through the below-mentioned brief overview for pursuing a Masters in Finance in Canada in 2024.
Masters in Finance in Canada for International Students: Overview
Particulars | Details |
Top Masters in Finance in Canada Universities |
|
Masters in Finance in Canada Fees | CAD 28,000 - CAD 93,000 |
Masters in Finance in Canada Requirements | Bachelor’s Degree, GRE, IELTS/TOEFL, Academic Transcripts, LOR, and other supporting documents. |
Jobs after Masters in Finance in Canada | Risk Management Officer, Financial Analyst, Risk Analyst, Tax Advisor, Forensic Accountant, etc. |
Top Masters in Finance Canada Universities
The first step an international student needs to take for their study-abroad journey is to choose the university based on their rankings, availability of courses, and tuition fees. Therefore, we have created a list of masters in finance in Canada for international students as per QS Business Master’s Rankings 2024: Finance.
Top Universities for Masters in Finance Canada
University Name | QS Rankings 2024 | Tuition Fees (Approx.) |
University of Toronto | 15 | CAD 94,000 |
McGill University | 20 | CAD 61,000 |
=95 | CAD 20,000 | |
101-110 | CAD 30,000 | |
111-120 | CAD 36,000 | |
McMaster University | 131-140 | CAD 57,000 |
141-150 | CAD 20,000 | |
Saint Mary’s University in Halifax | 151+ | CAD 46,000 |
151+ | CAD 14,000 |
Also Read: Top universities in Canada for Masters
Admission Requirement for Masters in Finance in Canada
There are certain prerequisites for taking admission into Masters in Finance in Canada ranking universities. Therefore, to make it easier we have mentioned some of the basic and necessary requirements for international students that are as follows:
One must have completed their Bachelor’s degree in a stream related to Management, Commerce, or Business-related courses to apply for Masters in Finance in Canada 2024.
An international student planning to apply for Masters in Finance in Canada should have a good academic transcript and a high GPA.
As an entrance requirement, many universities for Masters in Finance in Canada demand acceptable GRE or GMAT scores.
There is also a mandatory requirement of proof of English proficiency in the form of examinations like IELTS, or TOEFL by various colleges for Masters in Finance in Canada.
The most important requirement is to secure a student visa for Canada 2024 from India for any Indian student planning to pursue a Masters in Finance in Canada 2024.
A candidate might also need to submit relevant LORs and SOPs at the time of admission, stating their significance and background that makes them eligible to complete a Masters in Finance in Canada.
Admission Process for Masters in Finance in Canada
One can start the application process to study Masters in Finance in Canada by considering the following points.
Select the Masters in Finance in Canada University
Select the Masters in Finance in Canada specialisation
Check the Masters in Finance in Canada requirements for that particular course structure as well as the university
Fill out a Masters in Finance in Canada application form
Upload or post all the supporting documents such as academic transcripts, English tests, standardised test results, and many more.
Submit the application form either via the admission portal of the university, some common platform or through post mail.
Pay the relevant application fees if applicable along with the application form.
There may be a requirement to give an interview to be selected for Masters in Finance in Canada admission at one of the universities.
Masters in Finance in Canada Requirements: Documents
To make it easier for Indian students planning to pursue Masters in Finance in Canada top universities, we have created a checklist for the documents required for admission and visa purposes below.
Resume
Valid Passport
Photographs
Proof of Funds
IELTS, TOEFL, etc Score Sheet
GRE/GMAT Score Sheet
Internship Certificates
Salary Slips (if required)
Portfolio (if required)
Other Certificates
Read more: Important documents to take for Studying Abroad
Masters in Finance Canada Specialisations
Some of the most popular specialisations for pursuing master in Finance in Canada for international students are listed below and can be opted in popular degree options such as BSc, MS, MBA, and much more.
Finance Planning
Financial Analysis
Corporate Finance
Financial Management
Investment Banking
Financial Engineering
Financial Risk Management
Financial Economic
Masters in Finance Canada without GMAT
A common query that many aspirants have is whether there are universities that offer a masters in Finance in Canada without the requirement of GMAT. Therefore, we have mentioned some of the most popular universities offering master in Finance Canada to international students without GMAT as a mandatory prerequisite.
Cheapest Masters in Finance in Canada: without GMAT requirements
Masters in Finance Canada Scholarship
To handle the burden of financial costs that an international student might face while pursuing a degree in a foreign country, one must consider various scholarships available in that country. Therefore, we have mentioned some of the famous scholarships for masters in Finance in Canada 2024.
Canada- ASEAN
Banting Postdoctoral Fellowships
Vanier Canada Graduate Scholarships
Ontario Graduate Scholarship
IDRC Research Award
University of Calgary International Entrance Scholarship
Quebec Government Scholarship
Also Read: Scholarships for Canada to Indian Students
Masters in Finance Canada Salary
Graduating from a Masters in Finance in Canada can open many pathways for international students to not just work in the country at an attractive income but also obtain a PR in the long run. Hence, we have enlisted different job profiles after completing a Masters in Finance in Canada in 2024.
Masters in Finance in Canada Scope for Indian Students
Job Role | Average Salary (Approx.) |
Financial Analyst | CAD 45,000 - CAD 85,000 |
Tax Advisor | CAD 90,000 - CAD 110,000 |
Project Manager | CAD 50,000 - CAD 105,000 |
Chief Financial Officer | CAD 112,000 - CAD 138,000 |
Risk Analyst | CAD 70,000 - CAD 80,000 |
Operations Manager | CAD 80,000 - CAD 90,000 |
Chartered Accountant | CAD 98,000 - CAD 105,000 |
Also Read: Work after study in Canada
Frequently Asked Questions (FAQs)
1. Is it worth doing masters in finance in Canada?
Yes, the Masters in Finance course has gained a lot of popularity among international students in Canada. As the programme is not only offered at some of the top universities in Canada with a range of specialisations and study mode options but also guarantees large-scale employment at top firms in the country.
2. What is the scope of MSc finance in Canada?
The scope for MSc Finance in Canada is quite high as many international students pursue this degree as their postgraduate studies. It is because many employers in Canada are looking for graduates in the same field and hence, have generated a lot of demand in the job market for Masters in Finance.
3. What is the salary of a masters in finance in Canada?
The starting level salary is anywhere between CAD 40,000 to CAD 70,000 annually for graduates of Masters in Finance in Canada. However, this range is subject to fluctuations as the base level salaries depend on factors such as university, programme type, city, company, position, etc.
4. What are the benefits of studying finance in Canada?
There are plenty of benefits to studying MS in Finance in Canada as an international student. The country is not only home to some of the top-tier universities in the world but also offers world-class education and academic excellence in streams such as Engineering, Business, Medicine, and specifically Finance. One can easily find a high-paying job at a reputed company after pursuing masters in Finance in Canada, hence adding into the list of several other beneficial factors.
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Correct Answer: advanced
Solution : The third option is the correct answer.
The word cosmetically suggests that the blank should be filled with an adjective that describes the level of development or sophistication in the field of cosmetics. Advanced is an adjective that fits well in this context, indicating that South Korea is the most advanced country in terms of cosmetics.
Therefore, the right word to fill in the blank is advanced.
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Correct Answer: PQSR
Solution : The correct choice is the fourth option.
The correct order of the sentence is PQSR.
This order ensures a logical flow of information, as it begins by introducing the challenge of pandemic-related travel complications (P), followed by the governance of key countries like India and France (Q), and their role in facilitating interactions between EDF and NPCIL (S). The sentence concludes by specifying the outcome of this interaction: EDF's ability to submit a binding techno-commercial offer on April 22, 2021 (R). This arrangement of the parts in a sentence maintains proper coherency and clarity.
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Correct Answer: would have gone
Solution : The correct choice is the first option.
Explanation:
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Therefore, the correct sentence would be: If you had learned French, you would have gone to France for studies.
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Correct Answer: Portugal and England
Solution : Given:
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