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Masters in Finance in Canada: Universities, Eligibility, Cost, Scholarship & Jobs

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  • By:CANAM Group
  • Updated On:Sep 01,2023 05:36 PM IST

Students seeking admission to Masters in Finance in Canada can read this blog to understand every aspect of getting admission in the course. This blog contains information on the universities that offer MS in Finance in Canada along with eligibility criteria, specializations, tuition fees, scholarships and career prospects after completion of the program. Learn the significance of Finance and why Canada is the best country to pursue masters and postgraduate diplomas in Finance.

Masters in Finance in Canada Universities, Eligibility, Cost, Scholarship & Jobs.webp
Masters in Finance in Canada is an excellent field for students interested in learning the financial markets and advanced analysis techniques. The master course in Finance is a two-year master's program that can open up many opportunities to students in various finance fields, such as financial planning, risk management, corporate Finance, and banking. Canada is like a dream country for Indian students interested in pursuing their higher studies abroad because of the excellent education system and universities.

Why pursue a Masters in Finance in Canada?

Canada is known for their academic excellence and unique teaching style that helps students gain in-depth knowledge on topics and build the necessary skills for better career opportunities. Masters in Finance in Canada offers a thriving environment with a vibrant culture for international students to enjoy and study. There are many facilities in both Canada and Canadian universities for international students, which makes it a perfect place to follow the dream of higher studies abroad.

Here are some of the reasons why Canada is a great place to pursue an MS in Finance in Canada:

  • Highly valuable course: Canada offers valuable and highly ranked courses that are recognized by different countries across the world. Students get to learn about how Finance works along with other aspects of financing. Also, since the degree is recognized internationally, after completing the course, students can easily find themselves jobs as financial advisors, tax advisors and other positions that pay well.
  • Great variety in specializations: Students can choose from a long list of specializations according to their preferences, skills and interests.
  • Bright future: Canada makes it possible for a student to use their skills and interest and use them to build a career.

Masters in Finance in Canada- Universities

Canada is home to some of the best universities in the world because of the advanced teaching methods taught in the universities there. Students get to experience advanced technologies, up-to-date techniques and exposure to how things work that prepare students to function properly in the real world.
There are many universities that offer Masters in Finance in Canada along with that, there are many renowned colleges offering Postgraduate Diplomas that a student can pursue to make a bright future in the finance field. Students can apply to universities in Canada  and choose between the Master's and postgraduate programs for their higher studies. Here are some of the universities students can consider while applying for their MS programs:

University of Manitoba - Fort GarryMaster of Finance
University of WindsorMaster of Management with Specialization in International Accounting and Finance
Ontario Tech UniversityMaster of Financial Data Analytics
University of OttawaMaster of Business Administration with Concentration in Finance
New York Institute of Technology - VancouverMaster of Business Administration - Finance
Trent UniversityMaster of Science in Financial Analytics - Applied Modelling and Quantitative Methods

MSc Finance Canada- Specializations

Finance is a vast field and comes with a list of specializations that students can choose from to study Finance. These specializations teach about a specific skill and the fundamentals of the financial system. Here are some of the disciplines that students can consider:

  • Corporate Finance
  • Investment Analysis
  • Business Taxation
  • Business Communication
  • Financial Analysis and Reporting

Masters in Finance in Canada- Eligibility

Universities ask for certain conditions to be met to get admission to a master's course in their institute. Here are some of the essential criteria that a student has to qualify to be eligible for the course:

  • 3/4-year undergraduate degree
  • Some universities may require a minimum of 2 years of work experience.
  • Academic transcripts, which include all the documents, including bachelor's degree and other certificates.
  • The minimum GPA required from the students is 3.0 on a scale of 4.0.
  • GMAT with a minimum of 550 points or equivalent GRE scores*
  • English language Proficiency Test scores like IELTS, TOEFL, PTE, etc.

Masters in Finance in Canada- Documents required

Here’s a list of documents that a student must submit with their online application. The documents include:

Masters in Finance in Canada- Cost

The tuition fee for a Masters in Finance in Canada ranges from 30,000-88,000 CAD per year (approx.), and the living expenses can range from 15,000-25,000 CAD per year (approx.), so students can budget their expenses accordingly. This range mentioned above is based on the standard needs of a single person and may vary in different scenarios. Students are advised to check the official website pages of the universities to get up-to-date information on tuition fees

Masters in Finance in Canada- Scholarship

Scholarships are an excellent way for students to ease the burden on their pockets and get support for their tuition fees and living expenses. There are many universities in Canada that offer scholarships to international students with financial issues, but only if they are eligible. Here's a list of universities that students can consider to apply for scholarships:

UniversitiesScholarshipAward range in CAD (approx.)
New York Institute of Technology - VancouverCFA Institute Scholarship: This scholarship is awarded to students who are pursuing the Chartered Financial Analyst (CFA) designation.$5,000
University Of ManitobaAsper School of Business Fellowships$1,000 - $3,000
Trent UniversityTD Bank Financial Group Scholarship$2,000

MS in Finance in Canada- Career opportunities

There are abundant job opportunities in Canada for Indians, as the course is highly valued and recognized by many countries. The jobs in financing sectors offer great salary packages even as fresher’s, and authorities are always interested in hiring people to manage their finances and taxes. Some of the job opportunities that students can go for after completing their master's in Finance in Canada are:

  • Budget analyst
  • Market research analyst
  • Risk manager
  • Tax Advisor
  • Charted accountant
  • Financial analyst

For better information on the career prospects after MS in Finance, students are requested to contact Canam consultants.


Finance is always a trendy field because of the boundless job opportunities and career options, and Canada is one of the best places to start the journey. Students can gain all the knowledge and information regarding the subject from one of the top universities in Canada and also get a certificate recognized globally. Students who pass in MS in Finance in Canada always get some leverage over students from other countries. Also, students who pass from one of the universities in Canada get priority in other countries, which makes Canada the perfect study destination for many.


The Masters in Finance in Canada spans over two years. The duration can vary based on the program specialization selected by the student.
Yes, that's because the career opportunities and exposure students get to experience in Canada are unmatched to most of the countries in the world.
Although students don't usually have to submit their GMAT scores to get admission to M.Sc. finance in Canada, some universities do have it as a requirement for admission. So, it is best to have the GMAT scores at hand.
The tuition fee for a Masters in Finance in Canada ranges from 30,000-60,000 CAD per year (approx.), so students can budget their finances according to the tuition fee and personal expenses.
Yes, finance-related courses, are always in demand in Canada. This is why many international students seek admission for Masters or Post-Graduate Diploma courses in Canada.

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