Masters In Accounting in Canada for Indian Students

Students in Canada who want to work as public or corporate accountants, auditor fraud examiners, IT auditors, etc., can enrol in the Masters in Accounting (MAcc) programme. The Master's in Accounting programme in Canada is one of the most popular courses among international students beginning their academic careers there. Canada draws students worldwide because of its top-notch universities, unparalleled industrial exposure, and some of the most excellent recruiters in the world. A MAcc degree in Canada typically costs 42,300 USD annually, all considered. The full-time Master of Accounting programme in Canada lasts two years and is broken into three terms.

The majority of the MAcc curriculum in Canada focuses on subjects including taxation, banking, insurance, accounting, and financial strategies. In Canada, an entry-level accountant makes an average of 46,300 USD annually. Except for one Canadian university, four Canadian universities admit international students and grant annual scholarships ranging from 2,300 to 3,800 USD.

Wish to learn more? Continue reading as we address your questions regarding master's in accounting in Canada for Indian students in this blog!

Why Study Masters in Accounting in Canada?

Canada's master of accounting programme is one of the most popular choices among international students.

Excellent career prospects: Universities in Canada offer both domestic and international students studying for a Masters in Accounting excellent work opportunities upon graduation. In Canada, the average annual pay for account grads is 52,876 CAD.

Universities prioritizing Research: Canada's master's in accounting universities have distinguished themselves internationally by offering the most excellent facilities. Canada is highly known for providing overseas students with outstanding academic and work experiences.

Great scope: Accounting graduates will receive exceptional value from their MSc accounting in Canada degrees as the accounting field is expected to expand by an additional 10% over the next few years.

Read More: Masters in Accounting in New Zealand

Masters in Accounting in Canada: Course Highlights

Here are a few essential features of the master's in accounting degree offered in Canada:

Difference Between MBA in Accounting and Masters in Accounting

In Canada, we frequently mix terms like MBA and Masters in Accounting since they have similar sounds. But in actuality, there are significant discrepancies between their academic fields, job descriptions, and course structures.

To learn how the two options differ from one another, read the section after this one:

Difference between PG Diploma and Masters in Accounting in Canada

A PG Diploma in Accounting in Canada will be less valuable than a master's in accounting degree in Canada, even if it will cost less than a master's degree in accounting and typically lasts one to one and a half years.

Meaning that, compared to a PG Diploma in Accounting in Canada, a master's degree in accounting will provide you with more prospects for an outstanding career and a high salary.

PG Diploma Courses in Canada

Program Structure and Curriculum for Masters in Accounting in Canada

Because there are so many degree programmes accessible, including PG Diploma, certificate, and PG degree programmes, it has been followed that there is a significant demand for Masters in Accounting courses in Canada for overseas students. In terms of sub-disciplines, some of the methods available are

• Strategic performance management
• Integration and team management
• Taxation
• Corporate finance
• Financial statement analysis
• Corporate governance
• Accounting for non-governmental and nonprofit organizations
• Information technology & systems

In Canada, some of the most well-liked PG level degree programmes in accounting are:

• MBA in Accounting
• Masters in Accountancy (MAcc)
• MSc in Accounting
• Graduate Diploma in Accounting

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Best Universities Offering Masters in Accounting in Canada

The PG level of accounting education in Canada can be considered creative, rewarding, and full of unique experiences. The list of the top Canadian universities offering master's degrees in accounting is shown below:

Masters in Accounting in Canada: Eligibility

Now let's look at the prerequisites and eligibility criteria for international students to pursue a master's degree in accounting in Canada:

• Academic records, bachelor's degree exam results
• English proficiency
• GMAT or GRE results
• Additional conditions

Post Graduate Diploma In Professional Accounting In New Zealand

Masters in Accounting in Canada: Application Process

Following is a brief discussion of the application procedure for some of Canada's renowned accounting universities:

• To begin your accounting degree at the PG level in Canada, pick a course and a school.
• Send in the application form and the required fee.
• Transcripts, a bachelor's degree (if necessary), and any other documentation that the specific university may demand, such as an SOP, a resume, LORs, or proof of work experience, should be sent.
• You can also be requested to participate in an interview.
• If there are scholarships or financial aid opportunities at the university, apply for them.
• Await the result of the admission.

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Masters in Accounting in Canada: Documents Required

After the universities have approved your application, you must provide the following paperwork:

• Academic Transcripts: International students are required to provide their academic transcripts from any institutions they have attended that are recognised.
• Reference Reports: 2 to 3 LORs, 1 of which (if two or more are listed) and 2 of which (if three or more are mentioned) must be from academics.
• Describe your reasons for choosing this course, how it will advance your career ambitions, and whether you're considering pursuing a degree in a related field.
• The applicant's educational background and professional experience must be listed on the resume.
• Graduate School Internal Scholarship or Award Application: Brock University will automatically consider you for a scholarship or award.
• If you completed your undergraduate studies at more than one university.

Cost of Studying Masters in Accounting in Canada

The cost of a master's degree in accounting in Canada entirely depends on the school and programme you choose. PG degree programmes like the MSc Accounting in Canada cost between 30,000 and 40,000 CAD per year, whilst PG diploma and graduate certificate accounting courses cost between 5,000 and 20,000 CAD per year.

Scholarships to Study Masters in Accounting in Canada

The best accounting colleges in Canada offer a variety of scholarships, including many university-specific, privately financed, and government-supported options for overseas students.

The following scholarships are available to help you with your accounting studies in Canada:

Jobs & Salary After Masters in Accounting in Canada

You can most definitely join multinational corporations like Deloitte, Accenture, Microsoft, Google, Apple, and others after completing a master's in accounting programme in Canada. Let us additionally force you to consider the following employment paths in Canada after receiving your PG degree in accounting:

• Higher education in a variety of specialities, including accounting, banking, and taxes.
• Attend Chartered Professional Accounting courses (CPA).
• Get a job at numerous corporate powerhouses.
• Create your own company or venture. Become a teacher of accounting.
• Become a consultant, auditor, accountant, financial analyst, or tax expert.

We've compiled some of the top accounting job descriptions and their typical incomes in Canada to give you a better idea of what professions look like after taking different accounting courses at the graduate level in Canada:

Obtaining a master's degree in accounting in Canada can help you get the career of your dreams and give you a wide range of alternatives in corporate finance and business management. You can also take benefit from a wide range of scholarship opportunities in Canada as an international student!

Hopefully, this blog gave you the information you needed to pursue a master's degree in accounting in Canada. Aiming to study in Canada? Reach out to the AECC Global experts, and we'll help you narrow down the best programme and institution in Canada while assisting you with the application process to get you nominated! Join us today for a free counselling session!

FAQs About Masters In Accounting in Canada