MBA in Finance in Canada - Requirements, Colleges, Fees

MBA in Finance in Canada: MBA in Finance in Canada is one of the most lucrative courses that is opted for by international students. The reason for this is that, as a course, MBA in Finance in Canada is quite affordable when compared with other popular locations in the world. Apart from this, Canada is home to some of the best universities that offer MBA in Finance courses. This course has a significant scope when it comes to getting extensive career opportunities. With a diverse range of job roles and generous average starting salaries, Canada has become a preferred destination for international students.

MBA in Finance in Canada Highlights

MBA in Finance in Canada Top Colleges

Given below is the list of the top MBA in Finance universities and colleges in Canada along with their QS World University Rankings 2023.

MBA in Finance in Canada Benefits

The advantages of pursuing an MBA in Finance in Canada are given below:

• The salary provided to deserving graduates who have done MBA in Finance in Canada is highly lucrative
• Canada is one of the best countries in the world to pursue an MBA program. It is home to some of the best universities that provide recognized degrees
• The scope of the MBA in Finance in Canada is vast. Multiple job roles are available for the skilled graduates

MBA in Finance in Canada Fees

In order to study MBA in Finance in Canada, students must be aware of the total average study fees. This includes the average tuition fee and living expenses. We have provided the details of the average tuition fee and living cost below. However, the actual cost of living is dependent on the lifestyle of the student and the area where he/she will live:

• The total 1st-year cost for MBA in Canada is INR 33.03 lakhs
• The average tuition fee (1^st year) is INR 26.80 lakhs
• The average living expense for one year is INR 6.23 lakhs

(Note: The average 1st-year tuition fee is based on the 75 MBA courses in Canada. Whereas the average living expense is based on the 179 colleges in Canada).

MBA in Finance in Canada Student Visa

All those students who want to pursue academic, professional, or vocational training at a university, college, or other educational institutes shall have a study permit before entering Canada. After arriving in Canada, the students are issued a study permit. Before applying for the Canadian study visa, cross-check all the eligibility requirements. The cost for a Canadian Student Visa is CAD 150.

MBA in Finance in Canada Eligibility

The basic requirements to pursue an MBA in Finance in Canada are given below:

• The students must have a Bachelor’s degree from a recognized institution or university
• The students belonging to a non-native English-speaking country are required to prove their English language proficiency. For this purpose, the students need to have the test scores of IELTS, TOEFL, PTE
• In order to get admission into MBA courses at the top universities/colleges in Canada, the students must have a GMAT score
• For admission into an MBA course, the universities give preferences to students who have prior work experience. In order to get enrolled in some of the universities in Canada, the students need 2-3 years of work experience
• Letters of Recommendation
• Statement of Purpose

MBA in Finance in Canada Work Permit

Students who want to stay in Canada after completing their studies must have a Post-Graduation Work Permit (PGWP). Getting a PGWP while studying in Canada is dependent on the course opted for by the students and its duration. In other words, PGWP is issued as per the length of the study program. The maximum length of the PGWP in Canada is three years.

Some important points for PGWP in Canada

• After getting a post-graduate work permit, international students can stay in Canada and gain work experience after completing their graduation.
• To apply for a work permit in Canada, students must have studied full-time in Canada and their course duration should be a minimum of eight months. Also, the students must apply for a work permit within 180 days of completing the course. Apart from this, while applying for PGWP, the students must have a valid student visa.

MBA in Finance Scholarships for Canada

Students who are keen on pursuing an MBA in Finance in Canada can apply for scholarships. Given below are some of the scholarships. Check all the scholarships for MBA in Finance in Canada from our website.

• Ritchie-Jennings Memorial Scholarship
• QS Scholarship for Academic Excellence
• Golden Key Graduate Scholar Award
• Hani Zeini Scholarship
• Narotam Sekhsaria’s Scholarships

MBA in Finance in Canada Jobs and Salaries

According to PayScale, the average salary for an MBA in Finance graduate in Canada is C$82,000 per year. Given below is the list of MBA in Finance jobs in Canada. 

• Financial Analyst
• Financial Manager
• Senior Financial Analyst
• Financial Controller
• Project Manager (Unspecified Type / General)
• Chief Financial Officer
• Management Consultant

(Source: PayScale)