A Master’s in Finance in Canada | Universities, eligibility, and more

A Master’s of Finance in Canada

If you want to analyze financial trends and markets and enjoy finance as a discipline, a master’s degree in finance is the perfect fit! What better than a career in finance in Canada? The best universities in Canada for a Master’s in Finance will undoubtedly present you with life-changing opportunities and a starting salary of around 60,000 CAD. Let’s find out more about the Master’s in Finance in Canada.

Why opt for a Master’s in Finance in Canada?

Here’s why you should opt for a Master’s in Finance in Canada.

• Valuable course- MSc finance is a highly-valuable course. Canada has highly ranked courses in the world. Graduate students in finance go on to work as financial analysts, investment bankers, tax advisers, financial managers, and other positions that pay well.
• Outstanding education- Best universities in Canada for Master’s in Finance have distinguished themselves worldwide by providing the best infrastructure. Canada is well-known for providing outstanding educational and industrial experiences to international students.
• Many courses and specializations- Some of the best finance courses in Canada provide students with specializations, such as professional financial services, financial planning, insurance management, and financial analytics among others.
• Bright career prospects- If you pursue an MS in Finance in Canada, you will have access to powerful job opportunities with world-renowned recruiters. After earning your master’s degree, you can pursue further studies in finance by applying for scholarships.

An overview of Master’s in Finance

Duration	Two years
Typer of programs	Degree /Certificate/PG Diploma
Mode	Full-time /part-time
Average annual tuition fee for international students	30,000-88,000 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 Economics Master of Management in Finance

Eligibility

The following are the eligibility criteria for international students.

Bachelor’s degree

The most basic requirement for international students applying for a master’s degree in finance in Canada is to have academic transcripts for all levels of study. To be eligible for an MS in finance in Canada, you must have a bachelor’s degree. The following subjects are necessary for most of the finance programs in Canada

• Mathematics 
• Advanced functions 
• Calculus 

English proficiency exams

As international students, you must provide proof of English proficiency in the form of IELTS, TOEFL, PTE, or other tests. The minimum IELTS score required for international students to study finance courses in Canada is 6.5 or higher, depending on the university/program.

GMAT/GRE

To complete your application for a master’s degree in finance in Canada, universities will also require your GMAT/GRE scores.

Work experience

Many universities recommend but do not require work experience. To stand out from the crowd, candidates with three-year degrees should have one year of full-time post-graduate work experience.

Documents

Completing an online application to a university in Canada that offers a master’s degree in finance entails submitting the following documents

• SOP (statement of purpose)
• A current resume
• Two recommendation letters
• Transcripts from all previous post-secondary institutions 
• GMAT/GRE score verification
• Scores of English language proficiency
• If you have any work experience, please include them

Application process

Here’s how you can apply to the universities in Canada

• Select a course and a university to begin your master’s degree in finance in Canada.
• Submit the application form and application fee.
• Submit all required documents, including transcripts, a bachelor’s degree (if required), and any additional requirements, such as an SOP, resume, letters of recommendation, and proof of work experience, as specified by the university.
• You may also need to participate in an interview process.
• If your university offers scholarships or financial aid, apply for one.
• Wait for an admission decision.

Top universities to study Master’s in Finance in Canada

University	Popular programs	Duration
University of Toronto	Masters in Accounting and FinanceMaster of Finance	Two years
Concordia University	MSc in Finance	Two years
McGill University	Master of Management in Finance MBA Finance	Two years
York University	Master of Finance	Two years
University of Alberta	Master of Arts in Economics and Finance	Two years
Universite De Montreal	MSc in Applied Financial Economics	Two years

Scholarships

There are numerous scholarships available for international students to pursue a master’s degree in finance in Canada. It includes university-specific, privately funded, and government-funded scholarships. Some scholarships for your MS in finance in Canada are as follows

Scholarship	Eligibility	Award (CAD)
Banting Postdoctoral Fellowships, Canadian Government	International graduate students who have excelled academically	70,000
Vanier Canada Graduate Scholarships Program	International graduate students	50,000
Vice-Chancellor Scholarship, York University	International applicants with outstanding academic records	10,000-20,000
International Entrance Scholarships, Humber College	International applicants with outstanding academic records	2000

Career prospects

A Master’s in Finance in Canada can be your ticket to success. The course has high regard globally and will provide you with worldwide career opportunities. In Canada, the starting salary for a finance graduate is around 60,000 CAD annually. You can also continue your education with a Ph.D. in finance. Some of the job prospects for students are as follows

• Budget analyst
• Market research analyst 
• Chartered accountant
• Financial analyst 
• Risk manager 

Key takeaways

• The admission process for a Master in Finance varies by university, as it does for most programs. Application deadlines, eligibility criteria, and admission requirements are the three major components of the international student admission process.
• As one of the most popular educational destinations, Canada offers financial assistance to international students in the form of scholarships, grants, and bursaries. The scholarships take care of the entire cost of pursuing a master’s degree in finance.
• Pursuing a master’s degree in finance from Canada opens up numerous opportunities in the financial, services, and industrial sectors of the economy.

Did you find this blog helpful? Do share your views and perspectives in the comments below. Please contact us by clicking here for more information on a Master’s in Finance in Canada. We would be happy to assist you with your queries.

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FAQs

Q1. Which city is best for finance jobs in Canada?

Answer- Canada has a strong, globally competitive financial sector that demonstrates stability, resilience, and respect. According to the most recent BMO Labour Market Report Card, Ontario remains the best job market in Canada.

Q2. How much does a Master in Finance cost in Canada?

Answer- The fees for a Master in Finance in Canada can range from 30,000 CAD to 88,000 CAD, depending on the university.

Q3. Is a Master’s in Finance difficult?

Answer- You can determine the degree of difficulty in a Masters’s program in Finance by the individual and their level of discipline as a student. The masters’s degree curriculum frequently includes real-world, career-based courses taught by experienced professors who may have previously served in fiduciary roles within a corporation.