Master’s in Finance in Canada is one of the most sought-after programs. Finance is a specialization that is rapidly gaining ground worldwide and is relevant in almost everything, starting from analyzing and interpreting financial markets, and economic trends, to managing money and banking and financial operations. It also helps students to plan, synthesize, and uncover all the unknown aspects of a balance sheet and make better financial decisions in various types of finance – Public Finance, Corporate Finance, and Personal Finance.
A plethora of courses and specializations in Canada, excellent quality education, and a bright career scope makes Canada one of the favourite destination amongst international students. Pursuing MS in Finance in Canada is not difficult provided students follow the information provided in this article.
The admission process for a master’s in finance in Canada takes place three times a year – fall intake (starts from September), winter intake (commencing from January) and summer intake (beginning from May). Aspirants must keep an eye on when the universities roll out their admission forms. Here are the steps they can follow to ensure a smooth application process.
Choose the preferred university that offers MSc in Finance
Go through the entry requirements
Check the documents that should be attached along with the application form and submit them before the deadline
Pay the application fees and wait for confirmation
Apply for a Canadian student visa on receiving the confirmation
Eligibility Criteria for Masters in Finance in Canada
Here are the eligibility criteria for a master’s in Finance in Canada:
Undergraduate or Bachelor’s degree in any related field of study has a strong hold on mathematics, calculus, advanced functions, and English
A minimum score of 6.5 to 7.5 in IELTS or 88-110 in TOEFL
Some institutions will consider three years of professional experience in a related field
Masters of Finance in Canada: Documents Required
Students should check and submit all the required documents along with their application while applying for post-graduation in finance in Canada, which are as follows:
The cost of studying at the best universities in Canada for a master’s in finance can be divided into three parts – pre-arrival cost, tuition fees, and cost of living.
Parameters for cost of study
Average costs
Pre-arrival cost
University application fees – CAD 50 – CAD 250
Canada student visa fees – CAD 150
IELTS registration fees – ₹ 15,575
GMAT application fees – $275
GRE application fees – $213
Tuition fees
CAD 30,000 – CAD 88,000 (annually)
Cost of living
CAD 15,000 – CAD 20,000 (annually)
Scholarships for Masters in Finance in Canada
Scholarship
Offered by
Funding benefits
Banting Postdoctoral Fellowship
The Canadian Government
CAD 70,000
International Entrance Scholarships
Humber College
CAD 2,000
Vanier Canada Graduate Scholarships Program
The Canadian Government
CAD 50,000
Vice-Chancellor Scholarship
York University
CAD 10,000 – CAD 20,000
Masters in Finance in Canada: Career Opportunities
Graduates in finance can find a job in various sectors such as investment banking, insurance, retail banking, and many others at top recruiting organizations such as Boston Consulting Group, Bain & Company, JP Morgan Chase & Co, McKinsey & Co, Barclays, HDFC, Goldman Sachs, Morgan Stanley, KPMG, etc.
Do you wish to study abroad? Get in touch with upGrad Abroad’s consultants who will help you out in choosing the correct option from the wide array of foreign universities and courses. During the first year of studying with upGrad Abroad, you will study online at a partner university in India. In the next year, you will take off abroad to study on-campus at a university of your choice.
FAQs
Is GMAT required for a master’s in Finance in Canada?
Most institutions require GMAT for MS in Finance in Canada, although some take GRE scores as well. However, there is the New York Institute of Technology, which offers a master’s in finance in Canada without GMAT scores for its MBA in Finance. However, GMAT scores are always recommended.
Is Canada good for MS in Finance?
Canada is one of the best places to pursue your master’s course in finance, especially for its top-class learning environment and most importantly, global recognition for its degrees. Students can expect lucrative job opportunities after graduating from a leading Canadian institution at some of the most lucrative profiles.
Which Canadian university has the best finance program?
There are many institutions offering acclaimed master’s courses in Finance in Canada. They include the Universities of British Columbia, York and Toronto, along with McGill University, McMaster University, Universite Laval, Universite de Montreal and Queen’s University.
Is GRE required for MS in Finance in Canada?
International students applying for master’s courses in Finance in Canada should provide test scores of examinations such as GRE/GMAT. The minimum score requirements will vary across universities. GMAT is sometimes not required, although most institutions accept GRE scores. Check the eligibility criteria carefully.
Is there scope for Finance in Canada?
There is a lot of scope for Finance in Canada since there are excellent future growth prospects, going by the rising demand for skilled finance graduates in the country. Applications have also increased for Finance in Canada, owing to the flourishing economy and handsome starting salaries for qualified graduates. Many of these programs also do away with the work experience requirement, which is another big plus point for young graduates.
What can I do with a finance degree in Canada?
You can always venture into working as a financial analyst, consultant, advisor or investment/corporate banker. You can also venture into further studies and research in the field. There are umpteen job opportunities available for finance graduates in Canada.
What is the most affordable master’s degree in Canada related to finance?
Some of the most affordable master’s degrees in Finance include the two-year program available at the University of Saskatchewan, as per reports. This is a research/thesis-based master’s program. On average, you will need INR 18-19 lakh per year in tuition costs based on estimates.
What are the job opportunities for Finance in Canada?
Finance graduates can take advantage of numerous job opportunities, including information technologyauditing, investment banking, financial advisor positions, senior accounting positions, hedge fund management, insurance advisor positions, risk managers, etc.
A post graduate in Journalism and Mass Communication, Pratishtha enjoys penning down things significant. What interests her the most is exploring and researching on gamut of study abroad.
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