• Courses in Canada

Finance Courses & Universities in Canada

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  • By:CANAM Group
  • Updated On:May 02,2024 05:16 PM IST

• A finance course is in huge demand in Canada, which is home to global financial hubs such as Toronto, Vancouver, and Montreal. 

• The finance industry is undergoing rapid transformation, which has led to an increase in demand for professionals skilled in data analytics, blockchain, artificial intelligence, etc. 

• International students can take up this opportunity by pursuing the best finance courses in Canada. 

Canada is one of the best countries to pursue higher education, as several students want to pursue finance courses in Canada after 12th grade. Finance courses in the maple country are well-known for their academic excellence and industry ties. This is one reason why universities in Canada focus on research and practical learning, allowing individuals to bag high-paying jobs. 

This blog is for students who want to make a successful career in finance in Canada. Read this blog to explore some of the most important details about finance courses in Canada, such as eligibility, required documents, universities, the application process, jobs and more. 

Why Study Finance Courses in Canada?

Canada is one of the best countries to pursue finance courses. Below are the reasons for pursuing finance courses in Canada:

High DemandFinance courses in Canada are in high demand, and employers often look for finance expert professionals. Hence, pursuing a degree in finance in Canada can open up diverse career options for international students.
Top Quality EducationCanada is home to the world’s best universities, which provide high-quality education and focus on developing real-world skills for students rather than just bookish knowledge.
Wide range of coursesIn Canada, students can pursue finance courses according to their choice. They can choose from various specialisations, such as financial analytics, management in financial strategies, financial strategic management, and financial planning.
Multicultural EnvironmentCanada welcomes students from across the world, which means Indian students can meet people from different cultures. The environment helps in increasing knowledge of the students and make friends from around the globe.

Specializations & Degrees in Finance in Canada

Canadian universities provide various specialisations in finance to cater to every student’s needs. Following are some financial specialisations and degrees one can pursue in Canada:

SpecialisationsDegrees
Financial AnalyticsB. Com (Hons) -Finance 
Management in Financial StrategiesBSC (Hons) Economics and Finance
Financial Strategic ManagementMaster of Finance 
Financial Risk ManagementMaster of Management in Finance
Financial Planning ServicesMBA in Finance

Universities for Finance Courses in Canada

There are various top-ranked universities in Canada that provide finance courses. Following is the list of the top 10 universities in Canada to study finance: 

Top Universities for studying finance in Canada.webp

Admission Requirements to Study Finance Courses in Canada

To pursue any course at a Canadian university, international students must fulfil some eligibility criteria, and finance courses are no different. The following are the admission requirements for studying finance courses in Canada:

Admission RequirementsDetails
Educational QualificationThe educational qualification will vary depending on the type of program students choose. For a bachelor’s degree, students must have completed at least grade 12 with 60% marks, while if they want to pursue a master’s degree, they must have completed a bachelor’s degree.
English Language ProficiencyInternational students must prove their English language proficiency through exams such as IELTS,  TOEFL, PTE, etc. They must get the minimum scores as per the requirements of the program. 
GMAT or GRE ScoresUniversities may require GMAT or GRE scores from students for master's courses. Before applying, students must check if the GMAT or GRE is required. 
Work ExperienceAlthough it's not mandatory, some universities may require students to submit prior work experience. 

Documents Required to Study Finance Courses in Canada 

Just fulfilling admission requirements is not enough. International students must submit the following documents to study finance courses in Canada:

Documents Required to Study Finance Courses in Canada .webp

How to Apply for Finance Courses in Canada?

After knowing about eligibility, the documents required, and the best universities, it's time to learn how to apply to a Canadian university to study finance. Here is the step-by-step application process for finance courses in Canada with the help of Canam consultants:

1. To begin with, connect with a Canam expert abroad consultant or log on to the website.       
2. Next, sign up on the platform and create a profile by filling in the necessary details such as educational background, test scores (if any), program preference, etc. 
3. Then search and shortlist desired universities for finance based on intakes, fee waivers, tuition fees, etc.
4. After selecting a university, the application process can be initiated by uploading the required documents such as academic transcripts, CV, SOP, LOR, and any necessary standardised test scores.
5. Once the documents are uploaded, students can keep track of their application.
6. Further, the admission authority of the applied university will verify the students’ profile and send the offer letter.
7. After receiving the offer letter, students must pay tuition fees and confirm their seats.
8. In this step, students need to apply for a student visa with the help of a counsellor.
9. Finally, students can start their journey of studying abroad.

Cost of Studying Finance Courses in Canada

The cost of studying finance courses in Canada depends on the city, university, and course specialisation that students choose. One of the biggest expenses for students while studying finance is the tuition fee of the program. On average, the cost of studying finance courses in Canada could be between CAD 11,000 and CAD 55,000 annually, depending on the course students choose.

To reduce the burden of tuition fees, students can avail of various financial aid such as bursaries, awards, and scholarships. To know about the best scholarships in Canada for Indian students, one must connect with study abroad experts.  

Job Opportunities after Pursuing Finance Courses in Canada

After completing finance courses in Canada, students can find high-paying jobs not just in finance or the insurance industry but also in technology, healthcare, corporate and government sectors. Students interested in working in start-ups can also do so after completing a finance degree in Canada. Once students complete finance courses in Canada, they can pursue the following job roles:

JobsDetails
Investment BankerA financial advisor who works with government and large entities. They provide financial advice to clients on restructuring, capital funding, etc.
Financial AnalystFinancial analysts are responsible for making investment decisions for their clients or companies. To become a financial analyst, one must have mathematical and analytical skills.
Corporate TreasurerA treasurer oversees cash flow, treasury operations, debt servicing, and strategic investments. A corporate treasurer must be proficient in risk management, cash management, investment analysis, and other related areas. 
Financial PlannerA financial planner or advisor helps businesses, families, and individuals achieve their financial goals by providing investment planning and retirement planning strategies. 
Risk ManagerA risk manager identifies, assesses, and mitigates risks potentially impacting an organisation’s operation and reputation. They conduct a quantitative and qualitative risk analysis. 
AccountantAn accountant oversees an organisation's accounting functions, financial operations, and financial reporting. He prepares financial statements and develops annual budgets. 
Financial ConsultantA financial consultant provides financial advice and investment guidance to individuals and organisations. They are also responsible for retirement planning, risk management, wealth management, etc. 
Quantitative AnalystA Quantitative Analyst’s work is to develop and implement quantitative models and mathematical techniques to predict market trends. They apply machine learning algorithms to enhance quantitative models. 
Budget AnalystA budget analyst manages, analyses, and optimises budgets for government agencies and organisations. They are responsible for developing annual budgets and financial plans based on the organisation's goals. 
Financial ControllerA financial controller oversees an organisation's financial operations, financial reporting, and accounting functions. They also supervise day-to-day accounting operations and develop annual budgets. 

Conclusion


This blog covered all important details about finance courses in Canada, such as admission requirements, documents required, best universities, specialisations, costs involved in the application process, jobs after studies, and more. Pursuing finance courses in Canada can open up career opportunities for students, such as financial consultant, quantitative analyst, budget analyst, financial controller, etc. To know more about finance courses in Canada students must connect with study abroad consultants at Canam. 

FAQ

The most popular finance programs are MBA in finance, Financial management diploma, B.Com (Hons) –Finance, BSC (Hons) in Economics and Finance, Graduate certificate in financial planning, Master of Finance, etc. 
The average salary of finance in Canada is approximately $ 72,000- $ 76,000 per year. 
There is a vast scope of MBA in finance in Canada, which provides students with real-world projects and internship opportunities.
Canada is one of the best countries to study finance as it provides outstanding opportunities. 
International students can get scholarships in Canada to pursue finance courses based on good grades or by taking English language exams. 
Bow Valley College, Concordia University of Edmonton, Medicine Hat College, NorQuest College are the best universities to pursue finance courses in Canada. 
A bachelor’s degree in finance in Canada can cost approximately CAD 16000 - CAD 41000 per year, whereas a master’s degree in finance in Canada can cost approximately CAD 24000 - CAD 55000 per year. 

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