Masters in Finance in Canada is a highly sought-after program for international students looking to advance their careers in the finance industry. The program offers a comprehensive curriculum that covers various aspects of finance, including financial analysis, investment management, and financial modeling. According to statistics, the average requirement admission for Masters in Finance in Canada is a bachelor's degree in a related field and a minimum GPA of 3.0.

With an average tuition fee of 30,000 CAD to 88,000 CAD (17.96 lakhs to 52.70 lakhs INR) per year for international students, the program is affordable and provides great value for money. Upon graduation, students can expect to earn a average median salary of CAD 80,000. Students with graduate degrees in finance pursue high paying jobs in Canada like financial analysts, investment bankers, tax advisers, financial managers, and others.

Universities in Canada for Masters in Finance

Given below is a table of the top universities in Canada and range of Masters in Finance programs they offer with admission deadlines:

Masters in Finance in Canada: Eligibility Requirements

Like most programs, the admission process for Masters in Finance varies from university to university. The admission process for international students can be divided into three major parts, application deadlines, eligibility criteria and admission requirements.

The section given below dwells into common prerequisites related to the admission process of Canadian universities such as academic preparations and standardized tests. It is important to note that these eligibility criteria are exclusively for international students only.

General Admission Requirements

Masters in Finance in Canada: Fees

The cost of a Master's in Finance program in Canada for international students can vary depending on the university and the specific program. However, in general, international students can expect to pay higher tuition fees than domestic students.

Masters in Finance Canada Tuition Fees

Cost of Living in Canada

The monthly cost of living in Canada for an international student ranges around 2,500 CAD i.e around ~1.5 lakhs. The cost of accommodation, books & materials, transport, food & beverages, etc make up the cost of living for an international student. Basic living expenses are as follows:

Scholarships for Masters in Finance in Canada

As one of the most coveted education destinations, Canada offers various kinds of scholarships for Masters in Finance in Canada to international students in the form of scholarships, grants, and bursaries. The scholarships cover up to the total cost of studying master’s in Finance. Following are some of the popular scholarships available for international students.

• Banting Postdoctoral Fellowships:- Canadian government offers various kinds of scholarships and fellowships to international students planning to pursue postgraduate study and will positively contribute to the country’s economic and social growth.
  • Amount: 70,000 USD per year (taxable)
  • Duration: 2 Years (non-renewable)
• NSERC Postgraduate Scholarships:- These scholarships are offered to outstanding international students undertaking courses related to natural sciences or engineering fields at a recognized university/ college.
  • Amount: 17,500 USD
  • Duration: 12 months (non-renewable)
• Vanier Canada Graduate Scholarships Program:- The Government of Canada founded the Vanier Canada Graduate Scholarships program to provide financial assistance to students pursuing their graduate studies in the social sciences and humanities, natural sciences and/or engineering and health.
  • Amount: 50,000 USD per year
  • Duration: 3 Years (non-renewable)

To know more about the top scholarships to study in Canada for Indian Students watch the video below

Masters in Finance in Canada: Subjects and Specializations

Post-graduate degree in finance is available as MS, MA and MBA. However, each program teaches students basic concepts of financial systems within various organizations such as financial reporting, investment, and tax law. The standard curriculum structure of most finance programs is given below:

1. Financial analysis and reporting
2. Financial management and strategy
3. Risk management and derivatives
4. International finance and emerging markets
5. Business Communication
6. Investment Analysis
7. Corporate finance and investment banking

Masters in Finance in Canada: Job Opportunities

Pursuing masters in Finance from Canada opens a large number of doors in the financial, services and industry sectors of the economy. The average salary of the Master’s in Finance graduates in Canada is 123,000 CAD per year. Some of the highest paid jobs in Canada for international students along with their job descriptions are discussed below:-

Following are the average annual salaries in Canada for master’s in Finance graduates according to payscale:

Masters in Finance in Canada Highlights

Masters in Finance in Canada: University Comparison 

Comparing top universities in Canada for Master in Finance on the basis of admission requirements including GPA and standardized scores.

Masters in Finance in Canada: Country Comparison 

Masters in Finance in Canada vs Masters in Finance in USA

The specialized nature of Masters in Finance in Canadian universities provides students an opportunity to clarify their academic interests, professional goals, and personal needs. According to the Bureau of Labor Statistics (BLS), the demand for personal financial advisors will increase by up to 7% in the upcoming 10 years. Thus, the wide coverage of finance yields diverse career prospects for international students attracting them to take admission at the top universities in Canada.

FAQ`s

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