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:   What is the CGPA requirement for Prince Edward Island?

A:

International students must meet the general undergraduate admission requirements to study at Prince Edward Island. Applicants must have a minimum cumulative grade point average (CGPA) of 1.7 in the major subject requirements for Prince Edward Island University admission.

Read about the Canada Grading System

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:   Is Bishops University Canada good?

A:

Bishop's University is a well-known and highly reputed university located in Canada. The university provides over 106 programs offered under the multiple faculties and 25 departments at the university. Furthermore, the university also offers scholarship opportunities to students pursuing their Master's, Doctorate, Postdoctoral, and Short-term research at the university. The university also offers multiple placement opportunities to the graduates of the university across multiple organizations and industries such as Deloitte, CGI, and RBC. Bishop's University also offers accommodation facilities to ensure that the students enjoy a safe and comfortable time while at the university. Additionally, the university also offers multiple clubs, culture, sports, and other events, and multiple events to ensure active participation of students outside classrooms as well.

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:   Can I get a scholarship in the University of Canada West as a freshman?

A:

Yes, University Canada West (UCW) provides a variety of scholarships and awards to prospective freshman. These scholarships are often awarded based on academic performance, community involvement, leadership abilities, and other criteria. These scholarships are competitive, and the eligibility requirements and amounts may change year over year. The most current information on available scholarships and eligibility conditions can be found on UCW scholarship.

Q:   Which university in Canada is better, Queen's University or Laurentian University?

A:

Queen’s University and Laurentian  are renowned institutions offering unique campus cultures and various academic programs. While they share a great reputation, there are subtle differences between the two universities. The table below compares the rankings, fees and acceptance rate of the University of Laurentian. Overall, this information could be useful for students who are considering them.

Here is the comparison highlighting the differences between the Universities:

Name of The University

Ranking

Acceptance Rate

1st Year Tuition Fee

Laurentian University

# 1405

60%- 70%

  UG course: INR 16 L - 22 L

  PG course: INR 20 L

Queen’s University

# 300

89%

UG Course:  INR 49 L - 64 L

PG course:  INR 19 L - 34 L

(The comparison of fees was between the BTech course for UG and the MBA course for PG)

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:   How to apply to Centennial College Canada?

A:

The applicants can fill out the application form online only by accessing the link given on the official website of Centennial College. In order to take admission to Centennial College Canada, the applicants are required to follow the application process given as follows:

Step 1: First of all, choose the programme in which admission has to be taken

Step 2: Then, complete Centennial College online application

Step 3: Next, email all the required documents

Step 4: Then, check the application status. The applicants can contact their Regional Admissions Team Member to check the application status. Include the name or date of birth and date of birth in the mail

Step 5: Then, receive an acceptance package or deposit letter

Step 6: After following the above-mentioned step, apply for a study permit or visa

Step 7: Notify the admissions team in case the study permit application has been approved

Step 8: Log in to myCentennial to access headSTART. This is a pre-arrival programme designed to help new students prepare for the first week of classes.

Step 9: Lastly, complete the registration in person or online

Also Read: How to Apply for UG & PG Courses in Canada?

About the Author
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Raj Vimal
Study Abroad Expert

Raj Vimal has experience of 7+ years in SEO Content Writing, which includes 5+ years in the Ed-Tech industry. He has written articles about studying abroad, especially in the USA, UK, and other English-speaking coun... Read Full Bio

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