Masters in Accounting in Canada is generally a 2 years of graduate degree program. Students are required to have a bachelor’s degree in the relevant field with 65-75% marks to study Masters in Accounting in Canada. Students are required to present the English Language Proficiency test scores of IELTS (6.5-7.5) or TOEFL (96-105) for Masters in Accounting in Canada. An estimated tuition cost for studying Masters in Accounting in Canada ranges from CAD 7,800-39,600 (INR 4,70,645-23,89,433). The expected annual salary of a graduate after studying Masters in Accounting in Canada is CAD 74,000 (INR 44,65,102). Majority of the universities offering Masters in Accounting and Finance in Canada prepares students for various business related fields. Most of the colleges offering online Masters in Accounting Canada offers proper understanding and conceptualized learning of accounting and finance.

Table of Content

  1. Why Study Masters in Accounting in Canada?
  2. Area of Specializations in Masters in Accounting in Canada
  3. Top Universities Offering Masters in Accounting in Canada
  4. Admission Process for Masters in Accounting in Canada
    4.1 Application Deadline
    4.2 Eligibility Criteria
    4.3 English Language Proficiency Test Requirements
    4.4 Admission Documents Requirements
  5. Masters in Accounting in Canada Cost of Attendance
  6. Scholarships for Studying Masters in Accounting in Canada
  7. Placement Opportiunities after Masters in Accounting in Canada
    7.1 Top Recruiters
  8. Visa or Work Permit to Study Masters in Accounting in Canada
  9. ROI for the top colleges providing the Masters in Accounting in Canada

Why Study Masters in Accounting in Canada?

Choosing to study for a master’s in accounting in Canada can offer several benefits for aspiring accountants. Here are some reasons to consider:

  • Canada is one of the most known countries for studying abroad in the list of USA, UK, and Australia.
  • Three universities from Canada offering Masters in Accounting in Canada ranked in top 500 according to the QS World Rankings of 2023
  • Students can get a lucrative job opportunities after completing MSc Accounting in Canada.
  • It is expected to increase the career opportunities for Masters in Accounting in Canada by 10% within the upcoming years.
  • Students can find the Master in Accounting in Canada fees to be affordable.
  • Best to best Canadian universities offers a wide range of scholarship opportunities.
  • Most of the universities offering Masters in Accounting in Canada for International students offers best infrastructure.
  • Universities offering Masters in Accounting in Canada has skillful teachers.

An overview of the Masters in Accounting in Canada for International students are as follows:

Programs Available
  • Master of Accounting
  • Master of Applied Accounting
  • Master of Accounting and Finance
  • MA Accounting
  • MS Accounting
Program Type Full-time and Part-time
Program Duration 2 years
Program Eligibility Bachelor’s degree in Accounting with atleast 65% aggregate
English Language Proficiency Test Scores IELTS: 6.5-7.5 TOEFL iBT: 86-105
Entrance Exams Accepted GRE Qurant: 155
GMAT: 600 overall
Tuition Fees CAD 7,800-39,600 (INR 4,70,645-23,89,433)
Average Salary CAD 74,000 (INR 44,65,102)

Area of Specializations in Masters in Accounting in Canada

Some of the popular Masters in Accounting in Canada for International students are as follows:

  • Case studies in Accounting
  • Performance Management
  • Advanced Auditing
  • Strategic Tax Planning
  • Accounting
  • Finance in Professional
  • Project Management
  • Bargaining and Negotiation
  • Accounting and Business Strategy

Top Universities Offering Masters in Accounting in Canada

The tuition fees of Canada Best University for Masters in Accounting is presented below:

Name Of University Courses Masters in Accounting in Canada Cost
University of Alberta Master of Accounting CAD 51,408 (INR 31,01,918)
University of Toronto Master of Accounting and Finance CAD 31,880 (INR 19,23,614)
University of Saskatchewan Master of Professional Accounting CAD 27,150 (INR 16,35,074)
York University, Schulich School of Business Master of Accounting CAD 20,818 (INR 12,53,737)
Brock University MS Accountancy CAD 32,413 (INR 19,52,032)
Carleton University Master of Accounting CAD 28,652 (INR 17,25,530)

1 CAD= INR 60.15 (as per dated 25/04/2023)

Admission Process for Masters in Accounting in Canada

The admission process for Masters in Accounting in Canada is listed below:

  • Shortlist the universities and decide the course as per budget.
  • Registration of a new student account after visiting the official websites of universities.
  • Checking the eligibility criterias.
  • Must check the English Language Proficiency test scores requirements
  • Upload the documents required for the application.
  • Take standardized tests.
  • Attend an interview.
  • Submit the application form.
  • Pay the application fee.
  • Once selected, candidates must apply for Canada student visas.

Application Deadline of Masters in Accounting in Canada

Deadlines for applying to universities in Canada for Masters in Accounting:

Universities Deadlines
University of Alberta January 15, 2024
University of Toronto January 31, 2023 (closed)
University of Saskatchewan November 30, 2023
York University, Schulich School of Business April 05, 2023 (closed)
Brock University Yet to be Announced
Carleton University May 31, 2023

Eligibility Criteria for Pursuing Masters in Accounting in Canada

Candidates must check the eligibility criteria to apply for Masters in Accounting in Canada. The eligibility criteria for Masters in Accounting in Canada are as follows:

  • 3 or 4 years of UG degree in the relevant field from a recognized university.
  • GPA of a minimum of 3.0 or higher (65-70%) in the UG program is required.
  • IELTS score of 6.5-7.5
  • TOEFL score of 86-105
  • GRE test score of minimum 160 or higher.
  • Standardized test scores requirements

English Language Proficiency Test Requirements for Masters in Accounting in Canada

Students can check the English language proficiency test scores required by top universities in Canada for Mastersin Accounting:

English Language Proficieny Test Minimum Scores
IELTS 6.5-7.5
TOEFL iBT 86-105

Admission Documents Requirements for Masters in Accounting in Canada

The documents required for admission in top colleges for Masters in Accounting in Canada are as follows:

  • Completed application form.
  • Official transcripts from all post-secondary institutions attended.
  • English language proficiency test scores certificates
  • 2-3 Letters of Recommendation(LOR)
  • Statement of Purpose(SOP)
  • Proof of financial support or funding (for international students)
  • A copy of passport and ID proof
  • Standardized tests scores certifcates
  • Updated CV

Masters in Accounting in Canada Cost of Attendance

The cost of living for Masters in Accounting in Canada is tabulated below:

Expense Types Cost of Attendance
Accommodation CAD 1,037 (INR 62,571)
Food CAD 290 (INR 17,498)
Transport CAD 107 (INR 6,456)
Internet CAD 80 (INR 4,827)
Books and Supplies CAD 163 (INR 9,835)
Other Expenses CAD 310 (INR 18,705)

1 CAD= INR 60.15 (as per dated 25/04/2023)

Scholarships for Studying Masters in Accounting in Canada

There are various scholarships for Indian students offered by Canadian universities to assist in expense. Students can check the below-mentioned scholarships for the program of Masters in Accounting in Canada:

Scholarships Eligibility Award (CAD)
International Entrance Scholarships Higher academic excellence CAD 2,000 (INR 1,20,678) for two semesters
KPMG Jim Walker Memorial Scholarship in Accounting A minimum of 3.5 GPA CAD 2,000 (INR 1,20,678)
English Proficiency Entrance Scholarship IELTS: 7.5
TOEFL: 102
CAD 1,000-1,500 (INR 60,339-90,508)
Alberta Graduate Excellence Scholarship Based on academic excellence CAD 15,000 (INR 9,05,088)
Ontario Graduate Scholarship Enrolled as a full-time for the Masters in Accounting program CAD 15,000-30,000 (INR 9,05,088-18,10,176)

1 CAD= INR 60.15 (as per dated 25/04/2023)

Placement Opportiunities after Masters in Accounting in Canada

Here cited below certain job roles of the candidates pursued Masters in Accounting in Canada universities:

Sector Average Salary
Senior Accountant CAD 66,737 (INR 40,26,858)
Financial Controller CAD 83,976 (INR 50,67,046)
Financial Analyst CAD 66,095 (INR 39,88,120)
Accountant CAD 54,068 (INR 32,62,421)
Chief Financial Officer (CFO) CAD 1,73,791 (INR 104,86,413)
Accounting Manager CAD 73,360 (INR 44,26,485)
Staff Accountant CAD 47,868 (INR 28,88,317)
Senior Financial Analyst CAD 76,375 (INR 46,08,408)
Intermediate Accountant CAD 54,981 (INR 33,17,510)
Finance Manager CAD 80,632 (INR 48,65,272)
Senior Auditor CAD 67,861 (INR 40,94,679)
Tax Manager CAD 87,543 (INR 52,82,276)

1 CAD= INR 60.15 (as per dated 25/04/2023)

Top Recruiters after Completing Masters in Accounting in Canada

The top recruiters of certain top universities for Masters in Accounting in Canada are tabulated below:

  • RBC
  • TD
  • Scotiabank
  • CIBC
  • Deloitte
  • BMO Financial Group
  • KPMG
  • EY
  • PwC Canada
  • Manulife
  • Sun Life
  • BDO
  • HSBC
  • Canada Revenue Agency
  • Bell
  • Amazon
  • Aviva Canada
  • Hub International

Visa or Work Permit to Study Masters in Accounting in Canada

Students can work part-time on or off-campus for up to 20 hours per week during the academic session, and full-time during scheduled breaks such as summer or winter holidays. Additionally, students who have completed their studies can apply for a Post-Graduation Work Permit (PGWP) that allows them to work full-time in Canada for up to three years.

ROI for the top colleges providing the Masters in Accounting in Canada

The ROI for the top colleges offering Masters in Accounting in Canada are tabulated below:

University Tuition Fees Average Salary ROI
University of Alberta CAD 51,408 (INR 31,01,918) CAD 79,752 (INR 48,12,173) 155 percent
University of Toronto CAD 31,880 (INR 19,23,614) CAD 69,343 (INR 41,84,102) 217 percent
Carleton University CAD 28,652 (INR 17,25,530) CAD 33,520 (INR 20,22,570) 116 percent
Brock University CAD 32,413 (INR 19,52,032) CAD 1,59,838 (INR 96,44,500) 493 percent

1 CAD= INR 60.15 (as per dated 25/04/2023)

Candidates can check the Masters in Aerospace Engineering in Canada requirements and benefits of studying. A Master in Accounting programme in Canada may be an excellent decision for your future career opportunities.