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Masters In Finance in Canada for Indian Students

Masters In Finance in Canada

Canada is acclaimed for its exceptional offerings in education, employment opportunities, and industry experience, making it a prime destination for higher education. Opting for a Masters in Finance in Canada is a superb choice for those keen on analyzing financial trends, markets, and the intricacies of finance as a discipline. International students are particularly attracted to Canada for its Master of Finance programs, designed to provide a comprehensive understanding of economic trends, financial needs, assets, liabilities, and investments. These programs are tailored to aid both government and private businesses in making strategic financial decisions. Typically, the duration of Master's in Finance programs at Canada's premier universities ranges from 12 to 20 months.

What better place to pursue your Master's in Finance than in Canada? The country's top institutions offer transformative opportunities in this field, with graduates often beginning their careers with impressive starting salaries of around 60,000 CAD. Interested in learning more? Continue reading to uncover the finest Master's in Finance courses that Canada has to offer!

Masters in Finance in Canada: Course Highlights

The Master of Finance programme gives students a solid foundation in financial principles. It also allows students to concentrate on their specific area of interest. Banking, investments, risk management, and international finance are all possibilities. Students choose a specialisation from a variety of electives in their second year

Degree level

Master Degree


2 years 

Type of Programs 

Degree /Certificate/PG Diploma 


Full-time / Part-time

Average Annual Tuition Fee for International Students

30,000 CAD to 88,000 CAD


Financial analytics 

Management in financial strategies 

Financial strategic management

Financial planning

Financial risk management

Financial planning services 

Top Programs 

MBA in Finance 

Financial management diploma 

A graduate certificate in financial planning 

Master of finance 

Master of financial economics

Master of management in finance 

Top Universities 

Centennial College 

University of Toronto 

George Brown College 

University of Alberta 

Humber College

University of British Columbia  

Why Pursue Masters in Finance in Canada?

One of the most sought-after programmes is the MSc Finance Canada. Let us investigate why the master of finance in Canada is so famous among international students:

MSc Finance is a highly valuable course: Canada is one of the world's most valuable and highly ranked courses. Graduate students in finance work as financial analysts, investment bankers, tax advisers, financial managers, and other positions that pay well.

Outstanding Education: Best universities in Canada for masters in finance have distinguished themselves worldwide by providing the best infrastructure. Canada is well-known for providing outstanding educational and industrial opportunities to international students.

A variety of courses and specialisations: Some of the best finance courses in Canada provide students with specialisations such as professional financial services, finance planning, insurance management, and financial analytics, among others.

Bright career prospects: If you pursue an MS in Finance in Canada, you will access extremely powerful job opportunities with world-renowned recruiters. Furthermore, after earning your master's degree, you can pursue further studies in finance through various scholarships.

What are the Top Universities in Canada Offering Masters in Finance?

The best finance universities in Canada offer international students innovative, rewarding, and out-of-the-box experiences.

The following are the top universities in Canada for master's degrees in finance:


QS Rank 2024

Popular Programs Offered


Average Tuition Fees (in CAD)

University of Toronto


Master of Finance

20 months


McGill University


Master of Management in Finance

12 months


University of British Columbia (UBC)


Master of Science in Finance

16 months


York University - Schulich School


Master of Finance

12 months


University of Alberta


Master of Financial Management

10-16 months


HEC Montréal


Master of Science in Finance

16-24 months


Simon Fraser University


Master of Science in Finance

16 months


Queen's University


Master of Finance

12 months


University of Calgary


Master of Business Administration

20 months


Concordia University


Master of Science in Finance

24 months


Top Masters in Finance Programs in Canada

Universities in Canada have the best master's degree programmes in finance.

The table below contains a list of some of these programmes, as well as other pertinent information:



Financial Management Diploma

University of Winnipeg

Graduate Certificate in Professional Accounting Practice

Humber College

Graduate Certificate in Financial Planning

Humber College

Master of Financial Risk Management

University of Toronto

Master of Finance

McMaster University

M.B.A in Finance

University of Alberta

Master of Accounting

University of Alberta

Master of Financial Economics

Western University

List of Popular Master Specialization in Finance in Canada

MS, MA, and MBA degrees are available for postgraduate study in finance. Each programme, however, teaches students the fundamentals of financial systems within various organisations, such as financial reporting, investment, and tax law. The following is the typical curriculum structure of most finance programmes:

Financial Analysis and Reporting: This section covers accounting and related terms such as assets, liabilities, financial statements, and shareholders' equity wealth.

Corporate Finance: Students learn to value time, debt, and equity securities. It allows them to gain insight into various organisations and their financial statements.

Business Communication: This course improves students' verbal and written communication abilities. This is accomplished by creating reports, memos, and emails, as well as holding lead meetings and presentations.

Business Taxation: It is critical for students studying MS in Finance to understand the federal income tax system and how to perform credits and debits for business expenses.

Investment Analysis: By analysing portfolio securities, students learn about their functions and the markets they operate.

Eligibility Criteria to Study Masters in Finance in Canada

The following section delves into common prerequisites for admission to Canadian universities, such as academic preparations and standardised tests.

It is important to note that these eligibility requirements are only for international students.

Academic Requirements: Prospective applicants must hold an undergraduate degree from an accredited university/institution and have taken prerequisite classes in business statistics, financial theory, business finance, and so on.

Minimum GPA: Generally, candidates seeking a master's degree in finance must have a minimum GPA of 3.0. On the other hand, transfer students must have at least a 2.0 GPA (73-76%) on a 4.0 scale. Most online graduate programmes do not require a minimum GPA for admission.

Standardised Competitive Test Scores: International students applying for an MS in Finance in Canada must submit standardised test scores such as the GMAT or GRE. The minimum requirements for these tests differ from one university to the next.

English Proficiency Requirements: Non-native English speakers must demonstrate their English language proficiency. International students can submit IELTS or TOEFL test scores for the same.

Admission Process to Study Masters in Finance in Canada

The application process for some of Canada's top finance universities is discussed briefly below:

  • Choose a course and a university to begin your master's degree in finance in Canada.
  • Submit the application form and application fee.
  • Submit all required documents, including transcripts and a bachelor's degree (if applicable) and any additional requirements, such as an SOP, resume, LORs, and proof of work experience, as specified by the university.
  • You may also be asked to participate in an interview process.
  • If your university offers scholarships or financial aid, apply for one.
  • Wait for an admission decision.

Documents Required to Study Masters in Finance in Canada

Completion of online application to universities offering masters in finance in Canada includes submission of the following documents:

  • Statement of purpose (SOP)
  • An updated resume
  • Two letters of recommendation
  • Transcripts from all previous post-secondary institutions attended
  • Proof of GMAT/GRE scores
  • Proof of English language proficiency scores
  • Work experience letter if you have any

Cost of Studying Masters in Finance in Canada

MS in finance tuition fees in Canada range between 30,000 CAD and 88,000 CAD per year.

Students should budget for living expenses of approximately 20,000 CAD per year in addition to Masters in Finance Canada fees. This figure is based on a single person's standard needs, including housing, groceries, clothing, public transportation, and miscellaneous expenses.



Tuition Fees (Per Year) (CAD)

University of Toronto

Master of Finance


McGill University

Master of Management in Finance


University of British Columbia (UBC)

Master of Science in Finance


York University - Schulich School

Master of Finance


University of Alberta

Master of Financial Management


HEC Montréal

Master of Science in Finance


Simon Fraser University

Master of Science in Finance


Queen's University

Master of Finance


University of Calgary

Master of Business Administration


Concordia University

Master of Science in Finance


Scholarships for Masters in Finance in Canada

Various scholarships are available for Indian students to pursue a master's degree in finance in Canada, including university-specific, privately funded and government-funded scholarships.

Some scholarships for your MS in finance in Canada are listed below:



Award (in CAD)

University of Toronto Fellowship

Merit-based for Master of Finance students

Up to 10,000

McGill University Entrance Scholarships

Academic excellence, leadership qualities

Varies (up to full tuition)

UBC Sauder School of Business Scholarships

Academic performance, extracurricular involvement

10,000 - 40,000

Schulich School of Business Scholarships

Merit-based for incoming students

5,000 - 20,000

University of Alberta Master's Entrance Award

Academic excellence in undergraduate studies

Up to 17,500

HEC Montréal Excellence Scholarship

Outstanding academic record

Up to 20,000

Simon Fraser University Graduate Fellowship

Academic excellence, research potential

Up to 6,500 per term

Queen's University Dean's Master's Awards

Academic excellence

Up to 10,000

University of Calgary Graduate Awards

Academic merit, research potential


Concordia University Graduate Fellowships

Academic achievement, research capacity

Up to 14,000

Pre-arrival Cost to Study Finance in Canada

These are one-time expenses incurred prior to or during the admissions process.

The following are the major components of the pre-arrival costs: 


Costs in USD

Application Fees

100 - 250 per application

Standardized Test Fees

205 - 250 (GMAT/GRE)

Student Visa Application Fee



500 - 1,500

Health Insurance (per year)

600 - 800

Accommodation Deposit

400 - 800

Initial Living Expenses

1,000 - 2,000

Career Prospects After Masters in Finance in Canada

Job Profiles

Average Annual Salary (in CAD)

Financial Analyst

60,000 - 80,000

Investment Banker

70,000 - 100,000

Risk Manager

75,000 - 95,000

Portfolio Manager

80,000 - 120,000

Corporate Finance Manager

85,000 - 110,000

Financial Planner

55,000 - 75,000

Quantitative Analyst

70,000 - 90,000

Compliance Officer

65,000 - 85,000

Treasury Manager

80,000 - 100,000

Credit Analyst

60,000 - 80,000

Scope After Masters in Finance in Canada

Pursuing a master's degree in finance from Canada opens up numerous opportunities in the economy's financial, services, and industrial sectors. In Canada, the average salary for a master's degree in finance is 123,000 CAD per year.

The following are some of the highest paying jobs in Canada for international students, along with job descriptions:

Accountant: Students interested in monitoring the financial health of organisations through record analysis can pursue this career path. The job description includes preparing taxes and recommending changes to increase the company's revenue and decrease its expenditures.

Budget Analyst: A budget analyst's job is to work with management to create budgets. They examine and develop budget proposals for the company to meet state and federal demands and regulations.

Financial Analyst: A financial analyst determines the financial worth of a company by analysing and evaluating its financial reports and statements. They examine the economic market and suggest bonds and stock options to provide insights into the company's economic standing by collecting relevant data.

Market Research Analyst: Market Research Analysts conduct surveys and polls to forecast sales and marketing trends by observing consumer behaviour. Their job also entails creating reports to track the buyer's interest and spending.

Risk Manager: Students interested in this career will investigate various factors that influence potential gains and losses, such as workplace accidents, natural disasters, market fluctuations, and legal issues.

Are you still unsure about anything? Not to worry, though.  Contact AECC today to get your questions answered! AECC is one of the world's leading educational consultancies, with a diverse team of expert professionals to answer any questions you may have. Please get in touch with us so that we can assist you in the pursuit of your dream.


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