MBA in Finance in Canada

Finance is an MBA specialisation, the duration of which can be between 1 and 2 years. During their course, students study various subjects such as financial analysis, corporate finance, business taxation, etc. Some of the best Canadian universities and colleges offer this specialisation. Annually the fees are around 20,000 to 40,000 CAD. However, a top university or college such as the University of Toronto can cost you about 100,000 to 110,000 CAD.

However, the Return on Investment (RoI) is also very high. Top graduates can earn an estimate between 80,000 to 180,000 Canadian dollars annually. CFO is one of the highest paying jobs in the nation, with an average annual salary of 148,000 CAD. Other well-known careers include financial controller, senior business analyst, project manager, finance manager, etc.

MBA in Finance in Canada : Highlights

Program

Postgraduate

Course

MBA in Finance

Duration of the Course

Between 1.8 and 2 years (based on top 4 universities)

Eligibility

Undergraduate degree, IELTS, PTE or equivalent and GRE or GMAT

Entrance Exams

IELTS, PTE or equivalent and GRE or GMAT

Tuition Fees

Between 949056 and 6360777 INR (based on top 4 universities)

Jobs

Business Analyst (IT), Management Consultant, Financial Analyst, etc.

Average Salary

156744 CAD (based on 8 jobs)

Why Study MBA in Finance in Canada?

Anyone who wishes to work as a finance professional for a business or firm but would also like to have the skills and knowledge to run a business can pursue the MBA in Finance in Canada. International students will learn the same way as other local Canadian students. A candidate must meet the college or university's specific admission guidelines to apply.

Who can Study MBA in Finance in Canada

  • Canada is a preferred nation for investors and leading businesses to set up their offices. Meaning you will get ample job opportunities after graduation.
  • Canada's stable economy is one of the fundamental reasons you should pursue an MBA in Finance there.
  • Some of the top Canadian universities and colleges, such as the University of Toronto, offer this course.
  • MBA is one of the top nations preferred by overseas students for MBA and other courses, meaning that you won't have any issues blending in and can focus more on academics.
  • Canada's education system ensures that students get practical experiences from day 1, meaning that they are skilled enough to be hired after graduation.
  • After graduation, you also unlock a pathway to Canadian immigration.

Best University for MBA Finance in Canada

S.NO

University Name 

List of Courses

QS World Ranking

City

1

The University of Toronto

Full-Time MBA, Morning MBA and Evening MBA, Global Executive MBA for Healthcare and the Life Sciences, Rotman-SDA Bocconi Global Executive MBA, One-Year Executive MBA

34

Toronto

2

Queen’s University at Kingston

MBA, Executive MBA

246 

Kingston

3

The University of Alberta

MBA, Fast Track MBA, Executive MBA

110

Edmonton 

4

Laval University 

MBA in Finance, MBA – Urban and Real Estate Management, MBA – Financial Planning 

433

Quebec

Cost to Study MBA in Finance in Canada

Your cost of studying for an MBA in Finance in the Canadian subcontinent includes your degree fee and cost of living. Your lifestyle and choice of university primarily influence these amounts. To give you an idea, you should keep a budget of 930000 to 6400000 INR for the top universities.

Tuition Fees

S.NO

University Name 

Course

Duration

Tuition Fees in INR

1

The University of Toronto

Full-Time MBA in Finance 

NA

NA

2

Queen’s University at Kingston

MBA in Finance 

NA

6360777

3

The University of Alberta

Full-Time MBA in Finance

1.8 years

3666154

4

Laval University 

MBA in Finance, MBA – Financial Planning 

2 years

949056

Cost of Living in Canada

It is not only the tuition fee you need to manage to study MBA in Finance in Canada but also your living expenses. These costs are essential to compensate for a comfortable stay in the nation during your MBA in Finance. These amounts include rent, transportation, meals, etc., for which you can arrange various student funding options. But we recommend keeping a budget between 5 and 900 CAD per month if you don't qualify for financial assistance.

Categories 

Amount in CAD

Rent in a shared flat

856 per month

Share of utilities

57 per month

Internet subscription

82 per month

Local transportation

100 per month

Cinema ticket

14 per month

Pint of local beer

6 per month

Fast food combinations 

12 per month

Eligibility Criteria for MBA in Finance in Canada

  • To qualify for an MBA in Finance in Canada, you need to hold a bachelor's degree, preferably BBA or BCom. The minimum marks percentage or GPA required varies from university to university.
  • You need to give either the GMAT or GRE entrance test. The minimum score required varies from university to university.
  • IELTS, PTE, or equivalent is also required to prove your English language proficiency as an international student. The minimum score required varies from university to university.
  • Additional supporting documents are required as per the universities' official guidelines. 

Exams Required to Study MBA in Finance in Canada

Name of the University

Exam Name

Minimum Band Requirement 

The University of Toronto

IELTS, GMAT

7.0 (no band less than 6.5), 550

Queen’s University at Kingston

IELTS, GMAT

7.5 (speaking and listening 7.0), 600 (non-business graduates) 

The University of Alberta

IELTS, GMAT

6.5 (no band less than 6.0), 550

Laval University 

IELTS, GMAT

6.5, NA

Scholarships to Study MBA in Finance in Canada

S.NO

Scholarship Name

Description

Eligibility

Amount in CAD

1

Women in Business Excellence Award

This scholarship is granted by the University of Toronto

NA

12847

2

MBA Excellence Award

This scholarship is granted by the University of Toronto

NA

25694

3

Entrance Award

This scholarship is granted by the Queen’s University

NA

Up to 14811

4

AIMCo Scholarship

This scholarship is granted by the University of Alberta

NA

9868

5

Success Scholarship

This scholarship is granted by the Laval University

NA

981

MBA Finance Jobs & Salary In Canada

The Canadian subcontinent is a developed nation having a stable economy. Thus, it is one of the well-known and preferred for investors and leading businesses to have their offices functioning there. As per the QS stats, the top universities' 90% of graduates get employed each year with an average annual pay of 90000 CAD (median 80000 Canadian dollars).

Job Profile

Salary in CAD

Financial Analyst

158012

Finance Manager

85250

Financial Controller

129372

Project Manager

138275

CEO

263491

Business Analyst (IT)

152088

Management Consultant

139257

How to Apply for an MBA in Finance in Canada?

To help you apply for one of the available Canadian MBA in Finance courses, we made a step-by-step, easy-to-follow guide. Please note that it is only indicative, and the steps and documents mentioned may vary from university to university.

Step 1: Shortlist a college or university or college for your desired MBA in Finance course and follow these steps.

  • Visit its official website. Since it's a postgraduate degree, you can directly apply online.
  • Go to your course page and click apply now.
  • Move to step 2 of this guide.

Step 2: Fill out an application form with your academic, personal, and professional details.

Step 3: Now, you need to attach these documents and submit your application after verifying everything is correct. Note that some institutions may also require you to email or send these documents by post.

  • Your academic transcripts.
  • Your GMAT or GRE scores.
  • Your IELTS, PTE, or equivalent scores.
  • Your Statement of Purpose (SOP).
  • At least 2-3 Letters of Recommendation (LORs).
  • Proof of funds.
  • Work experience certificate.

Please note that all credentials should either be in French or English. If not, you need to get them professionally translated.

Step 4: Now, you have to wait for the decision on your application. If you are selected, apply for the Canadian Study Permit and Electronic Travel Authorization (eTA), which will form your Canadian Student visa together. Otherwise, you can always try again next year, in the next intake, or plead your case with the university or college's selection board.

Step 5: Done. 

 FAQ

Want to get into one of the top universities for an MBA in Finance in Canada? Get in touch with AECC Global India for expert assistance. Contact us today and fulfil your study in Canada dreams.


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