Top Universities Offering Masters in Finance in Canada Without GMAT

Masters in Finance in Canada Without GMAT offers applicants with a knowledge of analysis techniques of the market and financial aspects. MSC finance in Canada without GMAT offers graduates with opportunities to work in sectors such as; banking, corporate finance, risk management, and financial planning. Minimum eligibility requirements except for GMAT to MS in Canada includes; English language proficiency test scores like IELTS, permit to study in Canada, and other relevant academic transcripts. Average annual tuition fee for Masters in Finance in Canada without GMAT is CAD 30,000 (INR 18.61 Lakhs). Graduates with Masters in Finance can get hired by companies like Scotiabank, Cognizant and KPMG with average annual salaries of up to CAD 74,000 (INR 45.92 Lakhs), CAD 1,16,627 (INR 72.37 Lakhs) and CAD 90,000 (INR 55.85 Lakhs).

Table of Content

Eligibility Criteria for Masters in Finance in Canada Without GMAT
Top Universities Offering Masters in Finance Without GMAT in Canada
2.1 Queen’s University
2.2 York University
2.3 HEC Montreal
2.4 McGill University
2.5 Concordia University
2.6 Lakehead University
2.7 Thompson Rivers University
2.8 Simon Fraser University
2.9 New York Institute of Technology
2.10 Wilfried Laurier University
FAQs

Eligibility Criteria for Masters in Finance in Canada Without GMAT

Eligibility criteria to study in Canada with Masters in finance without GMAT in Canada has been listed below. With an additional Canada student visa, applicants are required to fulfill the mentioned aspects in order to be eligible for admissions in their desired universities.

A 4-year Undergraduate Degree in Business Finance or a relevant field of study.
A minimum GPA of 3.0 on a 4.0 scale.
At least 2 Letters of Recommendation (LORs)
Proof of English Language Proficiency; IELTS or TOEFL
A minimum of 3 Essays and a Statement of Purpose (SOP)
A detailed Cover Letter mentioning the accomplishments and relevant work experience.
Official educational transcripts at the secondary and post-secondary level.
Canada student visa

Top Universities Offering Masters in Finance Without GMAT in Canada

Sections below highlights top universities in Canada offering masters in finance without GMAT scores. Applicants can consider enrollment with other necessary eligibility requirements put forth by these universities.

Queen’s University

Queen's University provides 1-year Executive MBA in Finance under the Smith School of Business. In 2022, approximately 96% of the MBA Finance Graduates accepted an offer even before Graduation whereas almost 99% of the Graduates had been employed within six months of Graduation with MBA in Canada.

Particulars	Requirements
Application Deadline	September 1, 2023
Annual Tuition Fee	CAD 1,05,100 (INR 65.22 Lakhs)
GMAT/GRE Score	GMAT: 600 / GRE: 315
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 100

York University

York University provides 1-year Masters in Finance under the Schulich School of Business that stresses on real-world training. Approximately 89% of the MBA Finance Graduates get employed in 3 months after Graduation. Candidates can also consider PGDM in Canada.

Particulars	Requirements
Application Deadline	June 7, 2023 (Closed)
Annual Tuition Fee	CAD 88,350 (INR 54.82 Lakhs)
GMAT/GRE Score	GMAT: 550 / GRE: 309
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 100

HEC Montreal

HEC Montreal provides 2-year MSc in Finance that helps in solving complex and current problems using quantitative and statistical methods. The university has an employment rate of 98% to students pursuing MSc in Finance in Canada.

Particulars	Requirements
Application Deadline	September 1, 2023
Annual Tuition Fee	CAD 35,100 (INR 21.78 Lakhs)
GMAT/GRE Score	GMAT: 550 / GRE: 309
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 114

McGill University

McGill University provides 12-16 months MBA in Finance that integrates financial concepts with the real-world experiences. According to QS Business Masters in Finance 2023, it has been ranked in the top 20 under appropriate Canadian Universities Ranking.

Particulars	Requirements
Application Deadline	January 15, 2024
Annual Tuition Fee	CAD 60,345 (INR 37.45 Lakhs)
GMAT/GRE Score	GMAT: 600 / GRE: 315
English Language Proficiency Test Score	IELTS scores: 7 / TOEFL iBT: 100

Concordia University

Concordia University provides 2-year full time MSc in Finance under the John Molson School of Business that helps in developing strong analytical and research skills. The program can be completed in 3 or 4 years on a part-time basis.

Particulars	Requirements
Application Deadline	February 1, 2024
Annual Tuition Fee	CAD 41,418 (INR 25.70 Lakhs)
GMAT scores/GRE Score	GMAT: 580
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 95

Lakehead University

Lakehead University is one of the most popular universities providing 2-year MBA in Finance to international students. Applicants can also consider MBA in Canada without GMAT.

Particulars	Requirements
Application Deadline	February 1, 2024
Annual Tuition Fee	CAD 28,562 (INR 17.72 Lakhs)
GMAT/GRE Score	GMAT: 500 / GRE: 300
English Language Proficiency Test Score	IELTS: 6.5 / TOEFL iBT: 80

Thompson Rivers University

Thompson Rivers University provides 2-year or 1-year Accelerated MBA in Finance under Gaglardi School of Business. Candidate are required to pay MBA in Canada Fees to be eligible to study in Canada.

Particulars	Requirements
Application Deadline	February 1, 2024
Annual Tuition Fee	CAD 35,242 (INR 21.86 Lakhs)
GMAT/GRE Score	Optional
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 94

Simon Fraser University

Simon Fraser University provides 16-month MSc in Finance under the Beedie School of Business that is based on financial theory and real-world experience.

Particulars	Requirements
Application Deadline	May 2, 2024
Annual Tuition Fee	CAD 52,190 (INR 32.38 Lakhs)
GMAT/GRE Score	GMAT: 550 / GRE: 155 (in each section)
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 93

New York Institute of Technology

New York Institute of Technology provides MBA in Finance and is ranked in the top universities in Canada where the average starting annual salary for MBA Finance Graduates is CAD 84,580 (INR 52.48 LPA), Other MS in Canada courses are also available for enrollment which can be considered .

Particulars	Requirements
Application Deadline	July 1, 2023 (Closed)
Annual Tuition Fee	CAD 52,920 (INR 32.84 Lakhs)
GMAT/GRE Score	GMAT: 550 / GRE: 300
English Language Proficiency Test Score	IELTS: 6.5 / TOEFL iBT: 88

Wilfried Laurier University

Wilfried Laurier University provides 1-year Masters in Finance that aid in critical thinking and finance knowledge of the students. Cost of living in Canada varies based on university opted by applicants.

Particulars	Requirements
Application Deadline	December 15, 2023
Annual Tuition Fee	CAD 49,913 (INR 30.97 Lakhs)
GMAT/GRE Score	GMAT: 650
English Language Proficiency Test Score	IELTS: 7 / TOEFL iBT: 100

Applicants can consider any of the above institutions when enrolling for masters in finance in Canada without GMAT. with appropriate placements, applicants can expect high ROI on invested money.

FAQs

Ques. What to do after MBA in Finance in Canada?

Ans. After completing MBA in Finance in Canada, the candidates can pursue professional careers as Brand Manager, Management Consultant, Data Analyst, Chief Financial Officer, Advertising Director and Supply Chain Manager.

Ques. Who are the top recruiters for candidates after MBA in Finance in Canada without GMAT?

Ans. Some of the top recruiters for candidates completing MBA in Finance in Canada without GMAT include Deloitte, Scotiabank, Cognizant, Amazon, Roslyn Savings Banking and AccuWeather.

Ques. Will it be worth pursuing MBA in Finance in Canada without GMAT?

Ans. Yes, MBA in Finance in Canada without GMAT is highly valued and is particularly tailored for working professionals. The curriculum provides theoretical and real-world experiences for the candidates, thereby, developing the skills and knowledge of the candidates.

Ques. Is GMAT required for part-time Masters in Finance in Canada?

Ans. No, GMAT is not required for pursuing Masters in Finance in Canada on a part-time basis. However, the eligibility criteria for such candidates will remain the same as candidates pursuing the course on a full-time basis.

Ques. What are the alternative admission criteria for programs without GMAT requirements?

Ans. Universities that waive the GMAT requirement often consider other factors such as academic transcripts, letters of recommendation, statement of purpose, and relevant work experience.

Ques. How important are academic transcripts in the absence of a GMAT score?

Ans. Academic transcripts are crucial for assessing your academic preparedness and background. A strong academic record can positively impact your chances of admission.

Ques. Will work experience play a significant role in my application?

Ans. Yes, work experience can be an essential factor for admission. Relevant work experience, particularly in finance or a related field, can showcase your practical knowledge and enhance your application.

Ques. What should I include in my statement of purpose?

Ans. Your statement of purpose should highlight your academic and professional background, your reasons for pursuing a Masters in Finance, and how the program aligns with your career goals. It's an opportunity to demonstrate your passion and commitment.

Ques. Are there specific prerequisites for applying to these programs?

Ans. Prerequisites can vary by university. Generally, a bachelor's degree in a related field (such as finance, economics, business) is required. Some programs may specify minimum GPA requirements.

Ques. How important are letters of recommendation?

Ans. Letters of recommendation provide insight into your character, abilities, and potential for success in the program. They can carry significant weight in the absence of a GMAT score.

Ques. Can I apply to programs with GMAT requirements even if I haven't taken the GMAT?

Ans. Yes, you can apply, but keep in mind that meeting the GMAT requirement might be necessary for admission to some programs. It's advisable to check each program's admission criteria before applying.

Ques. How can I strengthen my application for Masters in Finance programs without GMAT?

Ans. Focus on maintaining a strong academic record, gaining relevant work experience, and crafting a compelling statement of purpose. Tailor your application to each program's specific requirements and emphasize how you'll contribute to the program's learning community.