Masters In Finance in Canada for Indian Students

masters-in-finance-in-canada-for-indian-students

Canada offers the best of everything in terms of education, employment possibilities, and industry experience. A master's in finance is an excellent choice if you are interested in evaluating financial trends and markets and finance as a discipline. International students interested in studying and understanding economic trends, financial needs, assets, liabilities, and investments choose a Master of Finance in Canada. The course aims to help government and private businesses make financial decisions. Masters in finance programmes at Canada's best colleges typically last between 12 and 20 months.

What better place to begin your master's in finance than Canada? The best institutions in Canada for master's in finance will provide you with life-changing prospects with a starting salary of roughly 60,000 CAD. Do you want to learn more? Continue reading to learn about the best master's in finance courses in Canada!

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

Duration 

2 years 

Type of Programs 

Degree /Certificate/PG Diploma 

Mode 

Full-time / Part-time

Average Annual Tuition Fee for International Students

30,000 CAD to 88,000 CAD

Specializations 

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:

Name of Universities

Popular Programs Offered 

Durations 

Average Tuition Fees (in CAD)

University of Toronto   

Masters in Accounting and Finance

2 years 

Master of Finance: 44,740 / year

Master of Finance 

Masters in Accounting and Finance: 87,459 / year

Concordia University 

MSc in Finance 

2 years

40,000 (total)

McGill University

Master of Management in Finance 

2 years 

MBA Finance: 54,990 / year

MBA Finance 

Master of Management in Finance: 57,465 / year

York University 

Master of Finance 

2 years 

26,714 / semester

University of Alberta 

Master of Arts in Economics and Finance 

2 years 

14,648 / semester

University De Montreal

MSc in Applied Financial Economics 

2 years  

32,597/ year 

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:

Program

University

Duration 

Tuition Fees (in CAD)

Financial Management Diploma

University of Winnipeg

2 years

12,240/year

Graduate Certificate in Professional Accounting Practice 

Humber College

1.5 years

17,468/year

Graduate Certificate in Financial Planning

Humber College

1 year

18,048/year

Master of Financial Risk Management

University of Toronto

10 months

66,650

Master of Finance

McMaster University

2 years

6432/year

M.B.A in Finance

University of Alberta

2 years

7680/year

Master of Accounting

University of Alberta

2 years

7680/year

Master of Financial Economics

Western University

16 months

37,562/year

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.

University

Course

Tuition Fees (Per Year) (USD)

University of Toronto

Master of Arts (MA) Financial Economics

17,827 

Master of Finance

32,895 

Master Financial Risk Management

47,572 

Master in Financial Insurance

38,625 

McGill University

Master of Management in Finance

17, 760

Master of Business Administration- Finance

32,930 

University de Montreal

Master of Science (M.Sc.) in Applied Financial Economics

20,350

University of Alberta

Master of Arts in Economics & Finance

7,875 

York University

Master of Finance

59,388 

Concordia University

Master of Science in Finance

27,825 

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:

Scholarships 

Eligibility 

Award (in CAD)

International Entrance Scholarships, Humber College 

International Applicants showing high academic performance 

2,000

Vice-Chancellor Scholarship, York University

International Applicants showing high academic performance 

10,000-20,000

Banting Postdoctoral Fellowships, Canadian Government 

International graduate students demonstrating high academic performance

70,000

Vanier Canada Graduate Scholarships Program

International graduate students 

50,000

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: 

Expenses

Costs in USD

Application Fees

75-150

Canadian Study Permit Application Fee

150

Biometric Fee

85

Health Insurance

10,000

IELTS

185-190

TOEFL

160-250

Airfare

450-1400

Career Prospects After Masters in Finance in Canada

MS in Finance in Canada can undoubtedly be your ticket to success, as the course is highly valued globally and will provide you with global career opportunities. In Canada, the starting salary for a finance graduate is around 60,000 CAD per year. You can also continue your education with a PhD in finance.

Some of the job opportunities available in Canada after earning a master's degree in finance include:

  • Budget analyst
  • Market research analyst
  • Chartered accountant
  • Financial analyst
  • Risk manager

For a better understanding of what careers after an MS in finance look like in Canada.

We've compiled a list of the top finance job profiles in Canada, along with their average salaries:

Job Profiles

Average Annual Salary (in CAD)

Chartered Accountant

1,04,000 CAD

Financial Manager

60,000-100,000 CAD

Financial Controller

57,000-113,000 CAD

Project Manager

51,000-108,000 CAD

Tax Advisor

1,05,000 CAD

Risk Management Director

2,09,000 CAD

Financial Analyst

45,000-78,000 CAD

Operations Manager

46,000-106,000 CAD

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 Global today to get your questions answered! AECC Global 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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