Master in finance in Canada is a highly demanding course for international students who are looking to take up a career in the finance industry. The admission requires the candidate to have the GPA of 3.0. The tuition fee of the course lies in the range of 30,000 CAD to 88,000 CAD (17.96 lakhs to 52.70 lakhs INR) per year for international students. Top universities include University of Torronto, University of British Columbia, University of Waterloo and many more. Candidates are required to submit IELTS or TOEFL scores to enroll themselves in the top colleges offering Master in Finance in Canada. 

Why Study a Master in Finance in Canada?

Canadian Universities are well-equipped for providing students with a good career in the financial sector. Canadian universities are preferred due to the following reasons:

1. Masters in finance in Canada provides ample opportunity to accelerate the career and develop the potential of the students.
2. Canadian universities have strong ties with professionals, who can further help one with the required guidance.
3. MSc finance Canada is one of the world's most valuable and highly ranked courses. Students with graduate degrees receive a beneficial ROI.
4. Canada has the best infrastructure, best universities for masters in finance across the world.
5. Canada offer students with various types of specializations like professional financial services, finance planning, insurance management, financial analytics etc.
6. MS in Finance in Canada provides extremely powerful job opportunities with world-famous recruiters. 

Masters in Finance in Canada Specializations

The Post graduation degree in finance is MS, MA, MBA, etc. These programs are taught with the basic concepts of financial systems. The list given below shows the standard curriculum structure of the master in finance:

1. Financial analysis and reporting
2. Financial management and strategy
3. Risk management and derivatives
4. Business Communication
5. Investment Analysis
6. Corporate finance and investment banking
7. International finance and emerging markets

Canada’s Best Universities for Masters in Finance

The table below gives the list of universities in Canada offering Masters of Finance. The deadline for applying to the Universities is given in the table.

Tuition Fees of Canadian Best University for Master in Financial

The tuition fee at Canadian universities for the Master in Finance varies from university to university.

Admission Process for Master in Finance in Canada

The aspirants of the Masters in Finance course must follow the admission process to any University in Canada for taking up a Master in Finance.

• First, the candidate must choose a university that provides a Master in Finance
• Then, the candidate will have to submit the application form along with the application fee.
• All the required documents need to be submitted. These documents are mentioned below in the Admission Documents Required section.
• If there is an interview round, then the candidates will have to clear that round.
• In case of any scholarship or financial assistance provided by the university, and the candidate is eligible for the same, he can apply for that
• Lastly, the candidate must wait for the admission decision.

Admission Deadline Master in Finance in Canada

The deadline for filling up the application form for the respective Universities is given below.

Eligibility Criteria Master in Finance in Canada

The admission process differs between universities. It has mainly three major parts, namely application deadlines, eligibility criteria, and admission requirements. The table below is concerned about admission to Master of Finance in Canadian Universities.

Admission Requirement Master in Finance in Canada

The admission requirements in the universities of Canada are as follows:

1. Resume- The updated CV of the candidates must be submitted at the time of applying for the Master in Finance Canada
2. Certificates- All the previous certificates need to be submitted at the time of applying for the Master in Finance Canada
3. Statement of Purpose- In the SOP, the candidate can set themselves apart from the others by highlighting their professional, academic, and personal accomplishments.
4. Work Experience- Many universities prefer their candidates for a Master in Finance to have two years of work experience. So the applicants must submit their Work experience certificate also.
5. Letter Of Recommendation- A LOR is a letter from a professional or academic reference that highlights the applicant’s qualities.

Admission Documents Requirement Master in Finance in Canada

• 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 any
• TOEFL iBT: 80 - 100

Master in Finance in Canada Living Cost

The living expenses of the students in Canada for studying Masters in Finance is approx. 20,000 USD. This is in addition to the tuition fee. The variables of the living costs are:

Masters in Finance in Canada Course Scholarships

The Universities of Canada offered various Scholarships and Financial Assistance while studying Masters in Finance. This scholarship includes the total cost of the course. The below table gives the popular scholarships available for international students.

Jobs after Masters in Finance in Canada

One may find a bright future ahead after completing the Master’s in Finance in Canada. The starting salary of anyone working in Canada after completion of the course may get up to 60,000 CAD per year.

Some of the available job opportunities in Canada are as follows:

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

The average salary of the respective job profiles is given below.

Top Recruiters for Masters in Finance in Canada

Candidates taking up a Master’s in Finance may not worry about being hired, as the reputed companies are tied up with the universities of Canada. Some of the top recruiters are given below in the table.

Work Permit

The post graduation work permit Canada requirements are:

• Atleast 18 years old
• Studied for at least eight months without a break in Canada.
• Completed full-time degree program from Canadian institutes
• Authorization letter or document for successful completion of degree program
• Need to apply for the work permit within 3 months of the completion of the program.
• Valid study visa while applying for work permit in Canada after graduation

There are certain rules and regulations for stay back and work after study in Canada. They are:

• Completed course from Canadian institute with a duration of 2 years and have a work experience of 1 year, eligible for a permanent residence ship under a system called Canadian Experience Class.
• Eligibility to permanent residentship through another system which is known as Provincial Nominee Program.
• International student is entitled to earn 15 points if he or she completes a full time one year to two-year degree program after secondary education.
• Full-time Master’s program or doctoral fellowship, or any course 3 years at a post-secondary are eligible to earn 30 points.

Master in Finance is a highly valued course and is very popular in Canada. The course is affordable and has great value for money. Many Universities in Canada offer this course, along with good placement opportunities. So it’s a good choice to study Master in Finance in Canada.