Top 10 Universities for Masters in Finance Canada
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Studying Masters in Finance in Canada can prove to be extremely beneficial for international students as it can open up the doors to good job opportunities in Canada and outside. Good academic performance, cost of living, and good scores in language proficiency exams are the key eligibility to pursue this course in Canada.
Considering Canada for a Master's in Finance? You're not alone! Every year many students submit admission applications to the top universities in Canada to pursue a master's in Finance. With its strong financial institutions and reputable universities, Canada offers a compelling option for pursuing this advanced degree. The average salary in Canada for finance graduates is CAD 65,292 per year.
Canada offers a wide range of Masters in Finance programmes across its top-ranked Universities. Various concentrations such as corporate finance, investment management, financial analysis, etc. provide an opportunity to work in diverse fields. In this article, we are going to cover a list of top universities in Canada for Masters in Finance courses, its benefits, total cost and other related information.
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Top Reasons to Choose Canada for Masters in Finance
Let us look at some reasons to pursue Masters in Finance in Canada:
- Quality Academics: Universities in Canada have high academic standards and their degrees are recognized globally.
- Job Opportunities: The finance sector in Canada is strong and stable, and provides lucrative job opportunities to students. After studying Masters in Finance in Canada, students can apply for a post-graduate work permit (PGWP Canada) in order to stay back and work there.
- Multicultural Environment: Canada is renowned for its cosmopolitan society, and studying there can expose you to many viewpoints and broaden your perspective of the world. The worldwide nature of the finance sector makes this exposure potentially useful.
Let us move on to the finer details of MSc Finance in Canada, including Masters in Finance Canada universities, eligibility, requirements, cost, etc.
Best Universities for Masters in Finance Canada
The table given below provides the top Masters in Finance Canada universities. QS World University Rankings 2024 (overall ranks) and QS World University Rankings by Subject 2023 (Accounting & Finance) are provided in the table as well.
| Masters in Finance Canada University |
QS Ranking 2025 |
Course Name |
Tuition Fees |
|---|---|---|---|
| (Shiksha Grade: A++) |
25 |
Master of Accounting and Finance |
$41,550 (2024-25) |
| (Shiksha Grade: A+) |
29 |
Master of Management â Finance |
CAD 28,161 (Winter 2024) |
| The University of British Columbia (Shiksha Grade: A++) |
38 |
MSc in Business Administration in Finance |
$17,715 (Per Instalment) |
| (Shiksha Grade: A) |
115 |
Master of Quantitative Finance |
$8,620 (Per Term) |
| (Shiksha Grade: B++) |
120 |
Master of Financial Economics |
$18,436 (Per Instalment) |
| (Shiksha Grade: A) |
176 |
Master of Finance |
$3,794.40 (Per Course) |
| (Shiksha Grade: B+) |
319 |
MSc Finance |
$2,025.60 (Per Term) |
| (Shiksha Grade: B) |
362 |
Master of Financial Accountability |
$36,722 (Per Year) |
| (Shiksha Grade: C++) |
415 |
Master of Science in Finance |
$844.26 (Per Credit) |
| (Shiksha Grade: C++) |
547 |
Master of Management - International Accounting and Finance |
$10,750 (2023-24) |
Note: Tuition fees mentioned in the table above have been sourced from official websites. However, these are subject to change as per university norms. It is advised that students check the official websites of the universities as well.
Masters in Finance Canada Eligibility
In order to pursue a Masterâs degree in Finance in Canada, students need to fulfil certain eligibility criteria. Here are the basic eligibility details:
- An Undergraduate Degree: In order to pursue a Masters in Finance in Canada, students need to have an undergraduate degree from a recognised university. Certain Masters in Finance Canada universities may ask for a minimum GPA (usually 3.0).
- Standard Test Scores: Students might be required to submit test scores of GMAT or GRE. These vary as per the university requirements.
- English Language Requirements: Students, who do not belong to English-speaking countries, need to provide proof of English language proficiency through IELTS, TOEFL, PTE, etc.
- Statement of Purpose: A statement of purpose is a document that provides the details of your academic background, reasons to pursue a particular course, reasons to choose a particular university, etc. It is one of the most critical components of your application for the Masters in Finance degree.
- Letters of Recommendation: 2-3 reference letters must be provided by your professors and/or employers. These too are extremely important.
- Admission Essays: These essays are university-specific and answer specific questions asked by the university.
- Resume: An updated resume forms a vital part of your application. It is a factual overview of your academic and professional achievements.
Masters in Finance Canada Cost
The cost of studying Masters in Finance in Canada can range from CAD 10,000 to CAD 42,000 depending on the university. In addition to the tuition fee, students will also have to bear the cost of living in Canada, which can average around CAD 19,000 per annum. Cost of living can be significant, as it will include your rent, food, transport, clothing, etc. Students may apply for scholarships and/or work part-time to offset the cost of studying in Canada.
It is important for students to do their own research before making a final decision. For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.
Q: Â What is the processing time for the application process at Northern College, Canada?
Q: Â What IELTS score is required for UCW Canada?
Yes, the minimum English proficiency requirements for admission in the University of Canada West are:
| TEST | MINIMUM OVERALL SCORE | MINIMUM WRITING SCORE |
|---|---|---|
| IELTS – Academic | 6.5 | 6.0 |
| IELTS – Indicator | 6.5 | 6.0 |
| CAEL | 70 | 60* |
| CAEL Online | 70 | 60* |
| CAE* | 176 | N/A |
| Duolingo* | 110 | 100* |
| Password | 6.5 | 6.0 |
| PTE – Academic | 61 | 60 |
| TOEFL – iBT | 88 | 20* |
*The minimum writing score is also applicable to all assessed components of the test.
*May be either of the following three tests; Cambridge B2 First; Cambridge C1 Advanced; or Cambridge C2 Proficiency
*After July 31, 2023, UCW will only accept Duolingo from applicants from Ukraine, Russia, Iran and Belarus. However, UCW may accept Duolingo from applicants in other countries where no other English proficiency test is available. If an applicant is submitting a Duolingo test score from any country other than Ukraine, Russia, Iran or Belarus, they must send it along with an explanation letter, but acceptance is not guaranteed. All other applications with a Duolingo result submitted after July 31, 2023 will be returned.
*Writing is assessed as the average score for achievement in both Literacy and Production.
Q: Â How to apply in Royal Roads University Canada?
International students can apply for Royal Roads University admissions by following the below steps:
Step 1: Find your programme from Royal Roads University courses
Step 2: Check programme specific deadline and admission requirements
Step 3: Now, fill your Royal Roads University admission application online as early as possible
Step 4: Pay non-refundable Royal Roads University application fee
Step 5: Submit all your supporting documents
Step 6: Once submitted, check the status of your application online to see how it's progressing
Q: Â Is Canada or USA cheaper to study?
International students are more likely to receive financial help or scholarships from Canadian universities than from American ones, which is quite uncommon. Furthermore, tuition at Canadian institutions is typically 27% less expensive than that of US universities. However, some United States universities offer international students Financial aid and other scholarships that help them to study in the United States.
Q: Â How do I get admission in Humber College, Canada?
Humber College Canada requires international students to apply through the international college portal and view the programme and term in take availability as the admissions are offered based on programme space availability. Every programme has its own requirements and eligibility criteria. International students are also required to submit English Language tests such as IELTS, TOEFL, PTE, or Duolingo. Humber College application deadline is Feb 01,2025 for equal consideration. Post this date, admissions are offered on the space basis available. Therefore, students are required to apply as early as possible.
Q: Â What is the University of Canada West acceptance rate?
As per some unofficial sources, the University of West Canada acceptance rate is 80%, which means out of every 100 applications, around 80 are selected, which makes it fairly easy to get selected into the university.
The university gives preference to students having higher grades or have exceptional academic or research experience. Hence, having higher grades increases your chance of getting selected at University of West Canada.
Here is the list of eligibility requirements to get into Canadian Universities.
Q: Â What are the popular degree courses at University of British Columbia?
University of British Columbia offers a range of undergraduate and graduate degree courses for international students every year. Some of the popular degree programs at the university are given in the pie chart below:
Others Denote Finance, Marketing, Political Science and Government, etc.
Q: Â How many intakes are there in Saskatchewan of Polytechnic?
Applicants aspiring to get admissions into the Saskatchewan Polytechnic are required to submit their applications before the set deadline of that particular year. Following are the general admission deadlines, however, applicants should check the official website for program-specific application dates.
Entry Term | Deadlines |
|---|---|
January Intake | Oct 1, 2024 |
September Intake | May 1, 2024 |
Note: For international applicants with student visas, the application period closes on December 31.
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Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum Vitae
Northern College can take up to 6 weeks to provide an offer letter to international students. Since thousands of applications are enrolled at the college for programs under different specializations, the college reviews each application and segregates them. The whole process is quite time-consuming. The segregation of applications is done based on the student’s academic performance, English language scores, extracurricular activities, and relevant experiences.