MBA in Finance in Canada is the most profitable and demanding course for MBA aspirants that last for 12 to 24 months. The top MBA Finance colleges in Canada offer productive education and effective guidance to the candidates. MBA in Finance Subjects in Canada includes corporate finance, financial analysis, business taxation and many more topics. Language proficiency test scores; IELTS or TOEFL are required to be submitted in order to enroll for the concerned course. The tuition fees of the MBA Finance universities in Canada vary from 17,935 CAD - 91,320CAD (INR 10,73,639 - 54,66,671). The best universities in Canada for MBA in Finance offers candidates extensive job opportunities with potentially high salary package. Candidates get the job roles of Financial Analyst, Finance Manager, Financial Controller etc after completing MBA in Finance from Canada. The average annual salary of MBA finance graduates is 82,000 CAD (INR 49,08,750).
Why Study MBA in Finance in Canada
There are numerous reasons for studying in Canada MBA finance. The major reasons for pursuing MBA in Finance from Canada are listed below:
- Canada has globally recognized top business schools with amazing infrastructure of education and top faculties.
- The salary package of Canada MBA in Finance is exceptionally rewarding for the candidates.
- The top universities in Canada for MBA in Finance offer great job opportunities for MBA graduates.
- MBA in Finance Canada colleges is quite affordable for the candidates rather than in other countries.
- The economic stability of Canada ensures sufficient job opportunities for the aspirants for studying MBA in Finance from Canada.
Top Universities in Canada for MBA in Finance
The top universities offer the best MBA finance programs in Canada. Candidates can opt for the best university for MBA Finance in Canada to get the best facilities and educational infrastructure. MBA in Finance fees in Canada vary as per different universities. Here given below is a table of the top universities in Canada for MBA Finance along with their tuition fees:
| Name of University | Annual Tuition Fees |
|---|---|
| Rotman School of Management, University of Toronto | 45,470 CAD (INR 27,21,961) |
| Smith School of Business, Queen’s University | 34,700 CAD (INR 20,77,239) |
| Alberta School of Business | 30,578 CAD (INR 18,30,484) |
| Laval University | 17,935 CAD (INR 10,73,639) |
| New York Institute of Technology – Vancouver Campus | 39,960 CAD (INR 23,92,117) |
| Dalhousie University | 91,320 CAD (INR 54,66,671) |
Note: 1 CAD = 59.86 INR (as dated 29/04/2023)
Admission Process for MBA in Finance in Canada
It is important for the candidates to follow the admission process to apply to the best colleges for MBA Finance in Canada. The admission process for applying for the best MBA finance colleges in Canada is as follows:
- Shortlist the universities to apply for the best MBA finance in Canada.
- Browse the official website of the university.
- Check the MBA in Finance Canada requirements for admission.
- Fiil in the application form.
- Pay the MBA in Finance in Canada fees for application.
- Submit all scanned copies of the required documents.
- Attend the interview session, if asked.
- After confirmation of admission, apply for a Canadian student visa.
Admission Deadline
Candidates must check the admission deadline of the best MBA in Finance colleges in Canada. Here is the admission deadline for the list of universities that rank among the top 10 universities in Canada for MBA in finance:
| Name of University | Application Deadline |
|---|---|
| Rotman School of Management, University of Toronto | June 14, 2023 |
| Smith School of Business, Queen’s University | September 1, 2023 |
| Alberta School of Business | September 1, 2023 |
| Laval University | July 1, 2023 |
| New York Institute of Technology – Vancouver Campus | On a Rolling basis |
| Dalhousie University | October 31, 2023 |
MBA in Finance in Canada Eligibility Criteria
Candidates can apply for MBA in Finance in Canada without GMAT. The eligibility criteria for applying to top MBA Finance universities in Canada are listed below:
- 4-year bachelor's degree in science, engineering, administration or related fields of study.
- GPA of a minimum of 75%-85% is required in UG.
- GMAT score of a minimum of 550, if required.
- IELTS score of at least 7.0 is required.
- GRE score range of 280-300 is required.
- TOEFL score of at least 79 is required.
Admission Requirement for MBA in Finance in Canada
The top universities in Canada for MBA in Finance has certain admission requirements. The English language score requirement for applying MBA in Finance in Canada universities are as follows:
| English Language Proficiency Test | Minimum Scores |
|---|---|
| IELTS | 6.5-7.0 |
| TOEFL iBT | 79-100 |
Admission Documents Requirement
The documents required for admission to MBA finance colleges in Canada are listed below:
- 4-year bachelor's degree mark sheets and certificates.
- Academic transcripts.
- 2 professional LORs
- SOP of 1 or 2 pages.
- CV/Resume.
- Cover Letter
- Essays if needed.
- IELTS/TOEFL score card.
- GMAT score card.
- GRE score card.
- 1 pre-recorded video of 10 minutes for the interview round.
MBA in Finance in Canada Cost
Candidates must be aware of the MBA finance fees in Canada. The cost of living in Canada for pursuing MBA in Finance is as follows:
| Expense Type | Average Cost |
|---|---|
| Accommodation | 1,037 CAD (INR 62,077) |
| Food | 290 CAD (INR 17,360) |
| Transport | 107 CAD (INR 6,405) |
| Internet | 80 CAD (INR 4,789) |
| Books and Supplies | 163 CAD (INR 9,757) |
| Miscellaneous | 310 CAD (INR 18,557) |
Note: 1 CAD = 59.86 INR (as dated 29/04/2023)
MBA in Finance in Canada Scholarships
International students can attain scholarships for pursuing best MBA Finance programs in Canada. The popular scholarships for providing financial support to candidates for attaining MBA in Finance courses in Canada are tabulated below:
| Name of Scholarships | Eligibility | Award Granted |
|---|---|---|
| Alberta Entrance Awards | All students on the MBA admission criteria | Up to 15,000 CAD (INR 8,97,942) |
| Ontario Graduate Scholarships | International students enrolled in full-time MBA finance program | 10,000 to 15,000 CAD (INR 5,98,628 - 8,97,942) per year |
| AimCo Scholarship | International students enrolled in full-time MBA program specialized in Finance | 10,000 CAD ((INR 5,98,628) |
| Bernard Greer Aylen Scholarship | International students enrolled in MBA program on full-time basis | 1500 CAD (INR 89,794) |
Note: 1 CAD = 59.86 INR (as dated 29/04/2023)
Jobs After MBA in Finance in Canada
Candidates get immense job opportunities after pursuing MBA in Finance Canada colleges. The job profiles of MBA finance graduates and their average salary is described below:
| Job Title | Average Salary |
|---|---|
| Financial Analyst | 62,065 CAD (INR 37,15,385) |
| Finance Manager | 86,718 CAD (INR 51,91,182) |
| Senior Financial Analyst | 82,888 CAD (INR 49,61,908) |
| Project Manager, (Unspecified Type / General) | 74,531 CAD (INR 44,61,634) |
| Financial Controller | 83,660 CAD (INR 68,38,841) |
| Vice President (VP), Finance | 135,481 CAD (INR 81,10,272) |
| Senior Business Analyst | 81,267 CAD (INR 48,64,870) |
Note: 1 CAD = 59.86 INR (as dated 29/04/2023)
Top Recruiters for MBA in Finance in Canada
The top recruiters for MBA in Finance in Canada are as follows:
- Delloite
- CarePros
- CAE
- Recochem Inc.
- TD bank
- FedEx Express
- Intrepid Health
- BMO Financial Group
- Clear Insight
- Telus
- KPMG
Work Permit
International aspirants pursuing MBA Finance in Canada can attain various job profiles after completing their studies. For this, candidates need to apply for Post-Graduation Work Permit (PGWP) to study and work in Canada. PGWP work permit depends on the candidate's preferred course and its duration. It is issued on the basis of the length of the study program. The maximum duration PGWP visa last 3 years in Canada. Candidates must be enrolled in a full time program in Canada with a course duration of at least 8 months to apply for this visa. The work permit needs to be applied within a span of 180 days of completion of the course. Aspirants must have a valid student visa to apply for a PGWP work permit.
ROI for the Top MBA Finance Colleges in Canada
The ROI for the top universities in Canada for MBA Finance is tabulated below:
| Name of University | Annual Tuition Fees | Cost of Living | Total Expense | Annual Salary | ROI |
|---|---|---|---|---|---|
| Rotman School of Management, University of Toronto | 45,470 CAD (INR 27,21,961) | 1,937 CAD (INR 1,15,954) | 47,407 CAD (INR 28,37,916) | 82,000 CAD (INR 49,08,750) | 172% |
| Smith School of Business, Queen’s University | 34,700 CAD (INR 20,77,239) | 36,637 CAD (INR 21,93,193) | 223% | ||
| Alberta School of Business | 30,578 CAD (INR 18,30,484) | 32,515 CAD (INR 19,46,439) | 252% | ||
| Laval University | 17,935 CAD (INR 10,73,639) | 19,872 CAD (INR 11,89,593) | 412% |
Note: 1 CAD = 59.86 INR (as dated 29/04/2023)
Canada is the home of top universities for MBA in Finance in Canada. Candidates must satisfy the eligibility criteria to apply for MBA Finance in Canada. Candidates must check the MBA in Finance Canada fees to pursue their courses. There are also numerous scholarships for providing financial support to the candidates to attain their preferred programs in Canada.
FAQs
Ques. Is MBA in Finance in Canada good?
Ans. Rotman School of Management, University of Toronto offers the best MBA in Finance programs in Canada. The university ranks at the first position as per QS MBA ranking 2023.
Ques. What is the salary of MBA finance in Canada?
Ans. The average annual salary of MBA finance graduates is 82,000 CAD (INR 49,08,750).
Ques. Is maths compulsory for MBA finance in Canada?
Ans. Maths is not a required criterion to pursue MBA in Finance in Canada.
Ques. Who is eligible for MBA finance?
Ans. 4-year bachelor's degree in science, engineering, administration or related fields with a GPA of 75%-85%.
Ques. How much does an MBA in Finance cost in Canada?
Ans. There are numerous business schools to offer effective MBA in Finance courses in Canada. The tuition fees of the MBA Finance universities in Canada vary from 17,935 CAD - 91,320CAD (INR 10,73,639 - 54,66,671). The cost of living in Canada is approximately 1,937 CAD (INR 1,15,954).
Ques. What should I do after MBA Finance in Canada?
Ans. Candidates can attain various job profiles like Financial Analyst, Finance Manager, Financial Controller etc. after completing MBA in Finance in Canada.

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