Expert counselors have compiled this information for Master’s in Finance in Canada. Best universities, tuition fee, English proficiency requirements and scholarships. Canada is a great option for study abroad aspirants as they get to work part time while completing various programs and full time when they are in semester breaks. There are also many settlement options after they successfully complete their degrees, as they can apply for permanent residency.
Our experienced Canada study Visa experts with an experience of 16 years at West Highlander immigration and consultant will be able to guide about study in Canada process and help to obtain the Canada student visa.
In this blog
- Highlights of the program Master’s in Finance in Canada
- Master’s in Finance in Canada requirements (academic and English proficiency)
- Master’s in Finance in Canada fees and best universities
- Documents required for admission in Master’s in Finance in Canada
- Scholarships for Finance courses in Canada for international students
- Scope of Master’s in Finance in Canada
Highlights of the program Master’s in Finance in Canada
Master’s in Finance in Canada enables the students to learn and apply about financial markets, investments, assets, liabilities and economic trends. It helps in financial decisions process in both government and non-government sectors. After successfully completing the program students will be able to work in banking and non-banking areas. The total duration of the course is around 1-2 years.
During this program the students will learn about Investment analysis, corporate finance, Business communication, Financial Analysis. It also gives all the information needed about Business taxation, the students will learn everything about income tax system thoroughly.
Master’s in Finance in Canada requirements (academic and English proficiency)
The students will need to meet a few requirements before applying for Master’s in Finance in Canada. The students need to have a completed bachelor’s degree with some subjects related to business and finance.
For the English proficiency test, they can give either IELTS or the TOEFL (IBT) exam. In the IELTS exam they will require minimum overall bands 6.0, but in some universities it can be 7.0 overall as well. For TOEFL the score requirement is 86-100 overall.
Master’s in Finance in Canada fees and best universities
Master’s in Finance in Canada is offered by many good universities and some of the best are listed below:
University of Manitoba
The total duration of the program can be 1-4 years depending if the students want to pursue full time or part time. If the students complete the course in 1 year the estimated tuition fee would be CAD 38,800. The applicants need to have a bachelor’s degree and GMAT score of 550 minimum (given in the last 5 years).
If the students are giving the IELTS exam, they overall bands 6.5 and minimum 6.0 in each module. Foe the TOEFL (IBT) 86 overall and minimum 20 in all parts.
Concordia University
The finance program offered by this university is Master of Science in Finance. It has the duration of 20 months and the program focuses on financial theory. The estimated tuition fee for this program is CAD $25,062 per year.
The applicants need to have a bachelor’s degree of 3-4 years. However, non-commerce students might have to take supplement courses like Theory of Finance.
For English proficiency the students need to have a score of 95 overall (20 each). For PTE 61 overall (53 minimum in all). In IELTS the overall band requirement is 7.0 with 6.5 minimum in each module.
HEC Montreal Business School
HEC offers Masters of Science in Finance and it can be completed in 16-24 months. The approximate tuition fee is CAD $30,500. The applicants need to have a bachelor’s degree and a GMAT \score of around 630.
McMaster University
It takes 2 years to complete Master’s in Finance in this university and the estimated yearly tuition fee is CAD $26,593. The applicants are required to have a bachelor’s degree and the GMAT score of 600.
For IELTS the band requirement is 7.0 overall and for TOEFL (IBT) 100 overall.
University of Alberta
The university offers the program Master of Arts in Economics and Finance. It can be completed in 2 years and the bachelor’s degree should be of the same background (or at least have few subjects in the relevant field). The students will also need a minimum of 60% marks.
University of Waterloo
This university requires the applicants to have a bachelor’s degree in a related field. The students would be able to do research in Mathematical and Computational Finance. The cost to complete the program is around CAD $14,637.
For IELTS the students will need to have a 7.5 overall score and for TOEFL 100 overall.
Documents required for admission in Master’s in Finance in Canada
In the documentation part the applicants need to submit the academic transcripts with certified copies.
Resume: including all academic achievements and work experience if any (if the applicants have some work experience in the related field it would be beneficial in the admission process).
Personal statement about motivation to apply and also the future aspirations.
Letter of recommendation from previous educators or someone people of your workplace.
Proof of language requirements (IELTS/TOEFL).
Scholarships for Finance courses in Canada for international students
Banting Postdoctoral Fellowships is one of the government scholarships and it offers CAD $70,000 to students.
University of Alberta Master’s Entrance Scholarship offers CAD $17,500 and the International students receive an added $10,000 for fees requirements.
Alberta Graduate Excellence Scholarship, this scholarship offers around CAD $11,000-15,000.
Scope of Master’s in Finance in Canada
After successfully completing Master’s in Finance in Canada the students can get into a lot of professions related to the financial sector in both government and private sectors. They will learn about solving problems related to finance and bring innovative ideas to the table.
Some of the jobs they can take up are investment bankers, tax advisors, financial analysts, financial managers, chartered accountant and Risk Management Director . These are among the highest paying jobs in the industry. The average salary after completing Master’s in Finance in Canada is CAD $1, 23,000.