Canada is a complete package for exemplary education, humongous career opportunities, and outstanding industrial exposure. If you are interested in analyzing financial trends and financial markets, moreover someone who is fond of finance as a discipline, a masters in finance is definitely your perfect match! And what better than Canada to start your PG journey in finance? With a starting salary of around 60,000 CAD, the best universities for masters in finance in canada for international students will definitely present you with life-changing opportunities.
Want to know more? Keep reading as we are here to make you explore the best of masters in finance in canada for international students
Why Study Masters in Finance in Canada?
MSc Finance Canada is one of the highly sought after programs. Let’s find out why the masters in finance in canada for international students is highly chosen among the international population:
- Highly valuable course: MSc finance Canada is one of the world’s most valuable and highly ranked courses. Students with graduate degrees in finance pursue careers like financial analysts, investment bankers, tax advisers, financial managers, and others and receive a beneficial ROI.
- Excellent Education: Providing the best infrastructure, best universities in Canada for masters in finance have stood out across the world. Canada is popular for offering international students outstanding educational and industrial experiences.
- Abundance of courses and specializations: Some of the best finance courses in Canada offer students various types of specializations like professional financial services, finance planning, insurance management, financial analytics etc.
- Bright career scope: After pursuing an MS in Finance in Canada, you can get hold of extremely powerful job opportunities with world-famous recruiters. Moreover, you can also pursue further studies in finance post your masters degree with numerous scholarships available to choose from.
Overview of Masters in Finance in Canada
Let us now make you explore the program structure and curriculum for masters in finance in canada for international students:
|Type of Programs||Degree /Certificate/PG Diploma|
|Mode||Full-time / Part-time|
|Average Annual Tuition Fee for International Students||30,000 CAD to 88,000 CAD|
|Specializations||Financial analytics Management in financial strategies Financial strategic managementFinancial planningFinancial risk managementFinancial planning services|
|Top Programs||MBA in Finance Financial management diploma Graduate certificate in financial planning Master of finance Master of financial economicsMaster of management in finance|
|Top Universities||Centennial College University of Toronto George Brown College University of Alberta Humber CollegeUniversity of British Columbia|
Eligibility and Admission Requirements to Study MS in Finance in Canada
Let us now check out the masters in finance in canada for international students requirements and eligibility criteria:
1. Bachelor’s degree
2. English proficiency test scores
3. GMAT or GRE Scores
4. Work Experience
Given below are the masters in finance Canada eligibility criteria:
The most basic requirement to apply to a masters in finance degree in Canada for international students is to have academic transcripts for every level of study. You should have a bachelor’s degree in order to be eligible for an MS in finance in Canada. Some prerequisite subjects for a majority of finance programs in Canada are:
- Advanced functions
- English proficiency test scores
As international students, it is essential for you to have English proficiency proof in terms of IELTS, TOEFL, PTE or other tests. The minimum IELTS requirement to study finance courses in Canada for international students is a score of 6.5 or above, depending on the university/ program you choose.
GRE or GMAT Scores
Universities in Canada for masters in finance in canada for international students also ask for your GMAT/GRE scores in order to complete your application.
Work experience is recommended by many universities but not required. Candidates holding 3-year degrees should have one year of full-time, post-graduate work experience to stand out among other applicants.
Documents Required for Masters In Finance In Canada
Completion of online application to universities offering masters in finance in canada for international students includes submission of the following documents:
- Statement of purpose (SOP
- An updated resume
- Two letters of recommendation
- Copies of transcripts from all previously attended post-secondary institutions
- Proof of GMAT/GRE scores
- Proof of English language proficiency scores
- Work experience letter if you have any
Application Process to Study Masters in Finance in Canada
The application process for applying to some of the top finance universities in Canada has been discussed briefly below:
- Choose your course and a university to start your masters in finance degree in Canada.
- Submit the application form along with the application fee.
- Submit all the required documents including transcripts, bachelor’s degree (if required), and additional requirements like SOP, Resume, LORs, and proof of work experience, as asked by the particular university.
- You may also be asked for an interview process.
- Apply for a scholarship or financial aid, if available at the university.
- Wait for the admission decision.
Top Universities to Study Masters in Finance in Canada
Best universities for masters in finance in canada for international students provide international students with Innovative, rewarding and out-of-the-box experiences. We have curated below the list for the top universities in Canada for masters in finance:
|Universities||Popular Programs Offered||Duration||Average Tuition Fee for International Students (in CAD)|
|University of Toronto||Masters in Accounting and FinanceMaster of Finance||2 years||Master of Finance: 44,740 / yearMasters in Accounting and Finance: 87,459 / year|
|Concordia University||MSc in Finance||2 years||40,000 (total)|
|McGill University||Master of Management in Finance MBA Finance||2 years||MBA Finance: 54,990 / yearMaster of Management in Finance: 57,465 / year|
|York University||Master of Finance||2 years||26,714 / semester|
|University of Alberta||Master of Arts in Economics and Finance||2 years||14,648 / semester|
|Universite De Montreal||MSc in Applied Financial Economics||2 years||32,597/ year|
Cost of Studying Masters in Finance Courses in Canada
The MS in finance in Canada fees lies somewhere between 30,000 CAD to 88,000 CAD annually.
Beyond Masters in Finance Canada fees, students should budget approximately 20,000 CAD per year for living expenses. This figure is based on the standard needs of a single person and includes accommodation, groceries, clothing, public transportation and miscellaneous expenditures.
Difference between PG Diploma and Masters in Finance in Canada
Though a PG Diploma will cost you less than a masters degree in finance, and is usually of a duration of 1-1.5 years; a PG Diploma in Finance in Canada will be less valuable as a degree than a masters in finance degree in Canada.
Meaning, a masters in finance degree will open more doors for you in terms of excellent employment opportunities and a high pay scale as compared to a PG Diploma in finance in Canada.
Scholarships to Study MS in Finance in Canada
Numerous scholarships are available to pursue masters in finance in canada for international students, including a lot of university-specific, privately funded and government-funded scholarships.
Given below are some scholarships to aid your MS in finance in Canada:
|Scholarships||Eligibility||Award (in CAD)|
|International Entrance Scholarships, Humber College||International Applicants showing high academic performance||2,000|
|Vice-Chancellor Scholarship, York University||International Applicants showing high academic performance||10,000-20,000|
|Banting Postdoctoral Fellowships, Canadian Government||International graduate students demonstrating high academic performance||70,000|
|Vanier Canada Graduate Scholarships Program||International graduate students||50,000|
Career Opportunities after Pursuing Masters in Finance in Canada
MS in Finance in Canada can definitely be your gateway to success, as the course is highly valued all over the globe, and will provide you with global career opportunities. The base salary for a finance graduate in Canada stands somewhere at 60,000 CAD per annum. You can also pursue further studies in the form of a PhD in finance.
Some of the job opportunities available after pursuing a masters in finance in Canada are:
1. Budget analyst
2. Market research analyst
3. Chartered accountant
4. Financial analyst
5. Risk manager
For a better understanding of what careers post MS in finance in Canada look like, we have tabulated the top finance job profiles Canada, with their average salaries:
|Job Profiles||Average Annual Salary (in CAD)|
|Risk Management Director||209,000|
A masters in finance through best universities in Canada can pave the way for astounding global opportunities. Also, due to a rise in the demand for finance graduates in Canada, the MS in finance will definitely help you build a bright future in Canada!
Frequently Asked Questions about MSc Finance Canada
Ques: Which are the best finance universities in Canada?
Ans. The best universities for finance masters in Canada are:
- University of Alberta
- University of Toronto
- Humber College
- McGill University
Ques: What is the cost to study masters in finance in canada for international students?
Ans. Masters degree programs can range from around 30,000 CAD to 88,000 CAD yearly, depending on your chosen university.
Ques: What are some career prospects after pursuing the best MS in finance courses in Canada?
Ans. Some career prospects include:
- Pursuing higher education
- Starting your own business in accounting management
- Get employed as a financial manager, financial consultant, risk manager
Ques: Are scholarships available for pursuing masters in finance in canada for international students?
Ans. Yes, top universities in Canada for accounting provide international students with scholarships ranging from 2,000 CAD to 50,000 CAD per annum.
Ques: What are some of the most popular programs in the field of finance at the PG level?
Ans. Some of the most popular programs in the field of finance are MBA in Finance and Masters in Finance.