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

Masters in Finance Canada 2024: Best Universities, Fees, Eligibility

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.

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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.

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	University of Toronto McGill University University of Alberta McMaster University
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
HEC Montreal	=95	CAD 20,000
University of Alberta	101-110	CAD 30,000
University of Manitoba	111-120	CAD 36,000
McMaster University	131-140	CAD 57,000
Concordia University	141-150	CAD 20,000
Saint Mary’s University in Halifax	151+	CAD 46,000
Simor Fraser College	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.

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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.

Academic Transcripts
SOP (Statement of Purpose)
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)
LOR (Letter of Recommendation)
Other Certificates

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

Queen’s University	Lakehead University
Thompson Rivers University	University of Victoria
University of Canada West	Concordia University

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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Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
South Korea is the most cosmetically (1)______ country on Earth. Beauty editors estimate that it is because of the government’s heavy investment (2)______ industry. It is ahead of its competitors, and its citizens (3)_____ twice as much on skincare products as consumers in the United States, the UK, and France. Korean shoppers are (4)______ the world’s most discerning. Eight out of 10 Korean women in their 20s and 30s use an app that (5)_____ like a cosmetics-specific, to debate the merits of various common ingredients.

Question:
Select the most appropriate option to fill in the blank number 1.

Option 1: ancient

Option 2: primitive

Option 3: advanced

Option 4: early

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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Team Careers360 25 January,2024

Question : Rearrange the parts of the sentence in correct order.
P. despite pandemic-related travel complications, the
Q. governments of India and France facilitated interactions
R. NPCIL a binding techno-commercial offer on April 22, 2021
S. between EDF and NPCIL which allowed EDF to submit to

Option 1: RQSP

Option 2: QRSP

Option 3: RPSQ

Option 4: PQSR

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.

Therefore, the complete sentence would be: Despite pandemic-related travel complications, the governments of India and France facilitated interactions between EDF and NPCIL, which allowed EDF to submit to NPCIL a binding techno-commercial offer on April 22, 2021.

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Team Careers360 24 January,2024

Question : Select the most appropriate option to substitute the underlined segment in the given sentence. If there is no need to substitute it, select 'No substitution'.

If you had learned French, you had gone to France for studies.

Option 1: would have gone

Option 2: No substitution

Option 3: would go

Option 4: will go

Correct Answer: would have gone

Solution : The correct choice is the first option.

Explanation:
This is the case of the third conditional, which is used to talk about hypothetical situations and their potential outcomes, and the structure for this type of conditional is "would have + past participle" to indicate a hypothetical situation in the past and its hypothetical result. Thus, had gone should be replaced with would have gone to align with the structure of the third conditional.

Therefore, the correct sentence would be: If you had learned French, you would have gone to France for studies.

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Team Careers360 24 January,2024

Question : Directions: In the European Championship Games, the flags of six countries were arranged on top of pillars in the following way:
The flag of Argentina was to the left of Portugal's bi-colour and the right of the flag of France.
The flag of England was to the right of the Portugal flag but to the left of the flag of Germany, which was to the left of the flag of Spain. Find the two flags that are in the centre.

Option 1: Argentina and England

Option 2: Argentina and Portugal

Option 3: Germany and England

Option 4: Portugal and England

Correct Answer: Portugal and England

Solution : Given:
(I) In the European Championship Games, the flags of six countries were arranged on top of pillars in the following way. The flag of Argentina was to the left of Portugal's bi-colour and the right of the flag of France.

(II) The flag of England was to the right of the Portugal flag but to the left of the flag of Germany, which was to the left of the flag of Spain.

So, the flags of Portugal and England are in the middle of the row. Hence, the fourth option is correct.

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Team Careers360 21 January,2024

Question : Given below are four jumbled sentences. Pick the option that gives their correct order.

The immediate context of the Dunkirk evacuation was Germany's invasion of the Low Countries and northern France in May 1940.
P. The Dutch defenders fell back westward, and by noon on May 12 German tanks were on the outskirts of Rotterdam.
Q. Queen Wilhelmina and her government left the country for England on May 13, and the next day the Dutch army surrendered to the Germans.
R. On May 10 the German blitzkrieg attack on the Netherlands began with the capture by parachutists of key bridges deep within the country, with the aim of opening the way for mobile ground forces.
S. The invasion of Belgium also began on May 10, when German airborne troops landed on the fortress of Eben Emael, immediately opposite Maastricht, and on bridges over the Albert Canal.
On May 11 the Belgian front was broken, and German tanks ran on westward while Belgian, French, and British divisions fell back to a line between Antwerp and Namur.

Option 1: QPRS

Option 2: PRSQ

Option 3: PSRQ

Option 4: RPQS

Correct Answer: RPQS

Solution : The correct choice is the fourth option.

The context helps identify that the paragraph is about the German invasion of the countries and northern France. Thus, to state the information provided chronologically, we follow the below steps:

The paragraph starts with sentence R, which states that on May 10, 1940, the attack by Germans began with the capture by parachutists of key bridges that were deep in the country so that they could open a way for mobile ground forces.
It is followed by sentence P, which tells the reaction of the Dutch defenders who fell back westwards, and by noon on May 12, German tanks were on the outskirts of Rotterdam.
It is followed by sentence Q, which gives further information that the then-queen Wilhelmina and her government left the country on May 13, followed by the surrender of the Dutch army on May 13.
The concluding statement of the paragraph is sentence S, which provides additional information on the invasion of Belgium, which also began on May 10.

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Team Careers360 21 January,2024