Table of Contents
- A Master’s of Finance in Canada
- Why opt for a Master’s in Finance in Canada?
- An overview of Master’s in Finance
- Application process
- Top universities to study Master’s in Finance in Canada
- Career prospects
- Key takeaways
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
|Typer of programs||Degree /Certificate/PG Diploma|
|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|
The following are the eligibility criteria for international students.
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
- Advanced functions
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.
To complete your application for a master’s degree in finance in Canada, universities will also require your GMAT/GRE scores.
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.
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
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 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|
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
|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|
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
- 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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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.