Masters in Finance in Canada

With multicultural cosmopolitans and top-ranked universities and colleges in the world, Canada is one of the choicest destinations amongst international students. Named amongst the countries with best education system, Canadian universities offer a variety of undergraduate as well as postgraduate courses across different fields of study. Master of Finance is one of the most frequently chosen master’s programs at the universities in Canada. This blog brings you a comprehensive guide on Masters in Finance in Canada including top universities, admission criteria, career scope and more!

Why Pursue a Masters in Finance in Canada? 

Seeking a master’s degree abroad involves various intricacies as compared to the bachelor’s one. It becomes necessary to evaluate a plethora of factors such as course structure, faculty, university rankings, research centres along with employability rate while shortlisting a suitable university. 

When it comes to pursuing a postgraduate degree in Canada, you can tick all the above-mentioned factors in your checklist as the country is globally renowned for academic excellence. A variety of top-ranked Canadian institutions offer Masters in Finance spanning across the duration of 1.5 years. The research-centric approach of leading universities in Canada aims to impart students with the quintessential knowledge of the financial and business world along with providing them with the best industrial and research exposure to choose from global opportunities in this field! 

Further, is often considered to be the safest place for international students because of the low crime rate, the minimal cost of living, easy immigration policies, student-friendly surroundings, etc.

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Popular Specializations and Degree

The following are the popular specializations and degree in the field of finance:

• Financial Analytics
• Management in Financial Strategies
• Financial Strategic Management
• Financial Planning
• Financial Risk Management
• Financial Planning Services

Top Universities for Masters in Finance in Canada 

A wide range of reputed institutions in the country offers postgraduate courses in Finance. The acceptance rate for Indian students at Canadian universities is generally high as there are minimal entry requisites that you need to accomplish. Before you start with the application process, make sure you go through the course structure as well as the research facilities of the chosen course. Mentioned below are the top universities offering Master in Finance in Canada:

Institution	B- School	Courses Offered	Duration
University of Toronto	Joseph L. Rotman School of Management	Master of Finance	20 Months
University of British Columbia	Sauder School of Business	MSC Business Administration in Finance	24 Months
Western University	Richard Ivey School of Business	Master of Financial Economics	16 Months
Simon Fraser University	Beedie School of Business	MSc Finance	16 Months
University of Manitoba	Asper School of Business	Master of Finance	12 Months
University of Alberta	School of Business	Master of Arts in Economics and Finance	24 Months
University of Calgary	Haskayne School of Business	Mathematical Finance MSc	12- 24 Months
Wilfrid Laurier University	Lazaridis School of Business and Economics	Master Of Finance	20 Months
McGill University	Desautels Faculty of Management	Master of Management in Finance	–

Masters in Finance in Canada Eligibility Criteria

If you are looking forward to studying a Masters in Finance in Canada, you must know about the admission requirements you need to fulfil. Though the actual course requirements might vary as per the program and university, here are some general eligibility prerequisites for master’s programs in Finance in Canada:

• Usual formal schooling of 10 + 2 from a recognised institution 
• Bachelor’s degree in a related field with minimum marks required by the university
• English proficiency exam scores like IELTS, TOEFL, etc
• Candidates must obtain a minimum score in GMAT or GRE exam as specified by the university 
• LORs and SOP 
• Some universities may demand a relevant work experience in the industry; however, it is not compulsory.

Documents Required

The following are the documents required to pursue finance in Canada:

• Academic Transcripts
• Proof of English Proficiency 
• Copy of passport
• Statement of purpose
• Work Experience (if applicable)
• Proof of Financial Stability
• Reference letter
• Letters of recommendations
• Resume/CV

Cost of Studying Masters in Canada

The average cost of studying a masters degree in Canada is 2,150 CAD – 52,700 CAD or INR 1.32-32.45 Lakh per annum.

Cost of Living in Canada

The average cost of living in Canada is 20,000 CAD – 30,000 CAD or INR 12.31 – 18.47 Lakh. However, this cost may vary depending on the city of your stay. The following are the costs of basic amenities in Canada.

Categories Cost in INR
Accommodation 400 CAD – 600 CAD 24,106 – 35,159
Transportation 100 CAD – 250 CAD 6026 – 15,066
Food 200 CAD – 300 CAD 12,053 – 18,079
Internet 30 CAD – 50 CAD 1,808 – 3,013
Miscellaneous 600 CAD – 700 CAD 36,159 – 42,186

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Career Scope After Masters in Finance in Canada 

Obtaining a global degree in Finance can help you explore promising opportunities in this arena. The universities in Canada are globally renowned for their on-campus placement records. The institutions organise job fairs for its students wherein you can connect with elite organizations and find higher-level opportunities to build a fulfilling career in Finance. Being a graduate in Finance, you can majorly target the financial industry and sector. Jobs related to your expertise will be available in the public and private sector as every organization needs finance professionals and advisor. Apart from this, you can also pursue a PhD in Finance. Here are some job profiles which you can choose from after pursuing Masters in Finance in Canada:

• Budget Analyst 
• Financial Analyst
• Accountant 
• Risk Manager
• Market Research Analyst 
• Trader 
• Insurance Specialist
• Portfolio Manager
• Financial Advisor

Masters in Finance in Canada Salary

Jobs for Finance have always been in high demand because of the high earning, job stability and recognition it offers. A Masters in Finance in Canada can open an array of opportunities with great salary package. The average salary of a graduate with Masters in Finance in Canada is CAD 65,757 (INR 39,86,316) per annum.

FAQs

Hopefully, this blog provided you with the essentials of pursuing Masters in Finance in Canada. Aiming to study in Canada? Reach out to Leverage Edu experts and we will guide you in shortlisting the best course and university in Canada and helping you throughout the admission process to get you successfully shortlisted! Sign up for a free counselling session with us today!