Top 10 Universities for Masters in Finance Canada
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Top 10 Universities for Masters in Finance Canada

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Raj
Raj Vimal
Study Abroad Expert
Updated on Aug 29, 2024 02:13 IST

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.

Top Universities in Canada for Masters in Finance

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

University of Toronto

(Shiksha Grade: A++)

25

Master of Accounting and Finance

$41,550 (2024-25)

McGill University

(Shiksha Grade: A+)

29

Master of Management – 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)

University of Waterloo

(Shiksha Grade: A)

115

Master of Quantitative Finance

$8,620 (Per Term)

Western University

(Shiksha Grade: B++)

120

Master of Financial Economics

$18,436 (Per Instalment)

McMaster University

(Shiksha Grade: A)

176

Master of Finance

$3,794.40 (Per Course)

Simon Fraser University

(Shiksha Grade: B+)

319

MSc Finance

$2,025.60 (Per Term)

York University

(Shiksha Grade: B)

362

Master of Financial Accountability

$36,722 (Per Year)

Concordia University

(Shiksha Grade: C++)

415

Master of Science in Finance

$844.26 (Per Credit)

University of Windsor

(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.

RecommendationView All

Explore MS colleges in Canada

A++Shiksha Grade
The University of British Columbia

Vancouver, CanadaPublic

73 courses
₹ 4.9 L - 38.33 L
A++Shiksha Grade
University of Toronto

Toronto, CanadaPublic

50 courses
₹ 18.32 L - 39.9 L
A+Shiksha Grade
McGill University

Montreal, CanadaPublic

41 courses
₹ 9.53 L - 18 L
A+Shiksha Grade
University of Alberta

Edmonton, CanadaPublic

34 courses
₹ 5.36 L - 24.35 L
AShiksha Grade
University of Calgary

Calgary, CanadaPublic

34 courses
₹ 1.52 L - 35.19 L
AShiksha Grade
University of Ottawa

Ottawa, CanadaPublic

23 courses
₹ 9.79 L - 17.8 L
A+Shiksha Grade
McMaster University

Hamilton, CanadaPublic

37 courses
₹ 6.89 L - 25.02 L
AShiksha Grade
University of Waterloo

Waterloo, CanadaPublic

22 courses
₹ 13.15 L - 28.74 L
AShiksha Grade
Western University

London, CanadaPublic

32 courses
₹ 7.8 L - 36.06 L
AShiksha Grade
University of Montreal

Montreal, CanadaPublic

3 courses
₹ 13.05 L - 16.05 L
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Masters in Finance Canada Eligibility

In order to pursue a Master’s 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:   Is Cambrian College in Canada a good option for international students?

A:

Cambrian College in Canada is largely recognised as a prestigious institution, making it an attractive option for overseas students. The college provides a wide choice of programmes, and its accreditation guarantees respect to academic standards. Prospective students should carefully assess Cambrian College's suitability in terms of individual programme offers, campus facilities, location, and foreign student support services. The total cost of education, including tuition and living expenses, should also be considered, as well as any available financial help or scholarships. For the most up-to-date and accurate information, check Cambrian College's official website, contact international student services, and speak with current or former international students for firsthand experiences.

Q:   What is the University of Canada West acceptance rate?

A:

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:   How much are Selkirk College tuition fees for international students in Canada?

A:

The Selkirk College tuition fee for international student ranges between INR 7L-INR 12L for Diploma program, INR 8L-INR 11L for the UG program, and INR 9L-10L for PG programs. The tuition fee for popular programs at Selkirk College is given below:

Courses

1st Year Tuition Fees

UG Diploma (23 courses)

INR 7 L - 12 L

BBA (1 course)

INR 8 L

BSc (4 courses)

INR 8 L - 11 L

UG certificate (21 courses)

INR 4 L - 11 L

BA (10 courses)

INR 7 L - 9 L

PG Diploma (5 courses)

INR 9 L - 10 L

B.Pharma (1 course)

INR 8 L

BEd (1 course)

INR 9 L

Q:   What are Algoma University Canada MBA fees?

A:

The Algoma University Business Administration programme fees is around INR 17.5 L for international students. We have mentioned below the complete segregation of Algoma University fees for MBA:

Tuition FeesInternational Students
Full-Time Tuition*INR 16.6 L
Required FeesINR 82k
TotalINR 17.4 L

Q:   How is studying at Mount Allison University in Canada?

A:

Mount Allison University is one of the reputed universities in Canada that provides excellent programs and follows a brilliant academic culture. It ranked #1 for reputation and library expenses and second for student awards and faculty awards. Mt A is primarily an undergraduate Liberal Arts and Sciences university with over 2,300 students. Students from all over the globe are attracted to the university for its high-quality academic experience, hands-on learning opportunities, rankings, and small class size. The average class size at the university is 41 with student to faculty ratio of 16:1.

Q:   How much time is required for an offer letter by St. Clair College, Canada?

A:

International students can apply for St. Clair College admission through the college official portal and submit the required application material before the equal consideration deadline. As application received after the deadline are considered on a first-come, first-serve basis. The admission decision on acceptance to the college can take anywhere between 2-6 weeks. However, there is no special mention about admission decision timeline, it is recommended to reach out to the college for further clarity.

Q:   What are the requirements for Prince Edward University in Canada for international students?

A:

International students must meet the Prince Edward University admission requirements to apply. Mentioned below are the admission requirments for undergraduate and graduate admission at the University of Prince Edward Island:

UPEI UG admission requirements:

  • Must hold a high school Diploma in a relevant discipline
  • An overall average of at least 70% score in high school
  • Submit a final official high school transcript
  • Upload a current Curriculum Vitae (CV) or resume
  • An official English language proficiency test result

UPEI PG admission requirements:

  • Must hold a four-year honours or majors baccalaureate or its equivalent in a relevant discipline
  • Must achieve a minimum GPA of 3.0 or an average of 70% or higher in a bachelor’s degree
  • Submit two letters of recommendation
  • Meet the English language requirements
  • Provide additional test score of GMAT/GRE (if required)
  • Provide personal statement
  • A current resume

UPEI Executive MBA admission requirements:

  • Complete an UG degree in any discipline
  • An UG degree in the sciences or a degree in any discipline plus considerable work experience in a Science is required for the Biotechnology Management and Entrepreneurship Stream graduates
  • Must achieve a minimum average of B (70% or higher) in the last four semesters or last two years of UG study
  • Must meet the English language requirements
  • Submit additional test score of GMAT (if required)
  • Provide personal statement
  • A current resume

Also read: Eligibility Criteria to Study in Canada for Indian Students

Q:   How is ICM Canada UTP Stage 2 Business Programs?

A:

ICM Canada UTP Stage 2 Business programme equivalent to the first year of an undergraduate Business degree from the University of Manitoba. After completing the first year at ICM, students can complete their second year of the degree from the University of Manitoba. The intakes of this degree are Jan, May, and Sep. Pursuing this course will lead to opening of career opportunities in various fields such as:

  • Financial sector
  • Industry and trade
  • International commerce
  • Not-for-profit sector
  • Government
  • Health care and Technology
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