An MBA in finance in Canada will open doors to rewarding careers. The course spans one to two years on average, with specializations such as corporate finance, financial analysis, and business taxation. Tuition fees for these courses are around CAD 20,000-40,000 approximately. Those graduating in the subject may also earn handsome salaries going up to CAD 80,000-180,000 per year.
Also Check : Study in Canada
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Why Study MBA in Finance in Canada?Ā
There are several benefits of pursuing an MBA in finance in Canada. They include the following:Ā
- The average MBA finance salary in Canada is highly rewarding for skilled graduates. Hiring has only gone up for MBAs due to skyrocketing demand.Ā
- The comparatively reasonable MBA in finance in Canada fees (compared to costs in the USA and UK among other global study destinations) is another plus point.Ā
- Canada is home to the best universities for MBA programs globally, with globally recognized degrees and excellent educational infrastructure.Ā
- The scope of an MBA in finance in Canada is vast, with multiple job roles available for skilled graduates and great industry interfaces, mentoring, real-world projects, and internship opportunities.
Leading Universities for MBA in Finance in Canada
Finance is offered as a specialization, in most cases, as part of an MBA program. Here are the best universities in Canada for finance:Ā
UniversityĀ
Location
TypeĀ
QS Ranking by Subject 2022 (Accounting & Finance)
Fees
LanguageĀ
CourseĀ
Duration
University of Toronto
Public
Toronto
16
CAD $133,740
English
MBA (specializations in Financial Reporting & Analysis, Fund Management, Investment Banking, and Risk Management & Financial Engineering)
Two yearsĀ
Queenās University at Kingston
Public
KingstonĀ
101-150
$104,100
English
MBA (specializations in Finance Strategy, Financing of New Ventures, Pricing Analytics)
Two years
UniversitƩ Laval
Public
Quebec
201-250
$8,136.24 (for 12 credits)
French
MBA-FinanceĀ
Two yearsĀ
MBA in Finance in Canada Eligibility Criteria
Here are the MBA in finance Canada requirementsĀ that you should keep in mind:Ā
- A bachelorās degree in engineering, science, administration, or any related area of study.
- LOR.
- SOP.
- Four-year undergraduate degree.
- Resume/CV.
Documents Needed
- CV/Resume.
- Cover Letter.
- SOP.
- LORs.
- Academic transcripts.
- Essays if needed.
- Scores in standardized examinations.
MBA in Finance in Canada: HighlightsĀ
Here are some things to remember about pursuing the course from Canada:Ā
Duration
20-24 monthsĀ
Average Salary
CAD 86,640
Top RecruitersĀ
Super Advisor, National Bank of Canada, HSBC, Manulife, BMO Financial Group, Morgan Stanley, Deloitte, Accenture, Brookfield Asset Management
Top ProfilesĀ
Financial Manager/Analyst, Credit Analyst, Treasurer, Accounting Manager, Cash Manager
Cost of Studying MBA in Finance in Canada
For the ease of understanding, letās divide the cost involved between pre-arrival and post-arrival cost:Ā
Pre-arrival: The component will include airfare, standardized exam fees, GIC, college application fees and other miscellaneous expenses. It will come out to approximately CAD 12,600.Ā
Post-Arrival: Students may incur a cost of around CAD 28,000 per annum. It will include accommodation, living costs and health insurance. Add to it the tuition fees to have a closer idea.
How to Apply
You can directly apply at websites of MBA colleges and universities in Canada, submitting all your documents alongside. You will then have to appear for a personal interview or provide additional documents if the institution asks. Once your acceptance letter comes in, you will have to confirm your admission and swiftly pay the initial deposit fee.Ā
Scope of MBA in Finance in Canada
The scope of an MBA in finance in Canada is undeniably vast and compelling. There are excellent career opportunities available for aspirants in various job roles with handsome starting salaries. Australia offers almost every globally acknowledged specialization for MBA programs at the highest-ranked institutions.Ā
Scholarships for MBA in Finance in Canada
Name of the Scholarship
Name of the Institution
Scholarship Amount
MBA Excellence Award
University of Toronto
CAD 26,000
Women in Business Excellence Award
University of Toronto
CAD 13,000Ā
Success Scholarship
Laval University
CAD 1,000Ā
AIMCo Scholarship
University of Alberta
CAD 10,000
Entrance Awards
Queenās University
Up to CAD 15,000Ā
MBA Finance Salary in Canada
Here are some approximate salaries for MBA graduates in Canada with information on job roles:
Work Position
Annual Salary
Finance Manager
CAD 83,000Ā
Chief Financial Officer
CAD 148,000Ā
Sr. Business Analyst
CAD 87,000
Financial Controller
CAD 86,000Ā
Finance Director
CAD 115,000Ā
Sr. Financial Analyst
CAD 84,000Ā
Chief Executive Officer
CAD 140,000Ā
Project Manager
CAD 84,000Ā
MBA Finance Jobs in Canada
Now that you know the starting and average salaries for MBA in finance in Canada, you should know that Canada has a stable and flourishing economy with rising opportunities in various sectors. It is one of the favored destinations for several MNCs and global conglomerates hiring management graduates in large numbers every year, particularly in domains like finance.Ā Ā
As per several reports, close to 90% of aspirants at leading universities get placed each year successfully. Graduates can take employment in diverse job roles, including financial managers, financial analysts, senior financial analysts, controllers, etc. Ā
Frequently Asked Questions
At a starting level, graduates usually earn up to CAD 90,000 per annum. The yearly average salaries generally range around CAD 79,500.
Of course, Indian students can pursue MBA in Canada, provided they have bachelorās degrees, requisite IELTS/TOEFL scores, and meet all the other eligibility criteria. Relevant industry or work experience is always a plus point.
You can do an MBA after BCom in Canada without any hassles. MBAs are specializations that may be pursued after an undergraduate degree in commerce, the arts, or science.
The average tenure of most MBA courses in Canada stands at around two years. Some Canadian business schools also offer accelerated MBA programs, which can be completed within 18 months on average. There are many other colleges and universities which offer one-year MBAs.
What is the salary of an MBA in finance in Canada?
Can Indian students study MBA in Canada?
Can you do MBA after BCom in Canada?
How many years does it take for an MBA in Canada?
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