Top 12 Universities For Master of Finance in Canada [2023]



A Master of Finance in Canada is a great option for students who are looking forward to an exciting and rewarding career in any finance-related industry. Students who have a flair for economics, accounting, and numbers can choose a career in finance. In simple terms, “finance” is everything money – from forming budgets to managing money, the field takes care of it all.

Finance is considered to be the backbone of any organization. It is typically categorized into financial services and financial management. Although it is “all about the money”, finance deals with a whole lot of processes, including creating plans for using an organization’s budget efficiently and devising strategies for improving the financial situation of an organization.



Canada has some of the best institutions in the world that offer Master in Finance programs to those students who are looking to kick start their career in the field of finance and accounting.

Today, we shall look at why pursuing an MS in finance in Canada can be life-changing for international students. We’ll also cover some of the best Canadian universities to study finance.


What we will look at today


Why Study Master of Finance in Canada?


  • Multicultural environment
  • Top Universities
  • Student-friendly
  • High-quality education at lower costs
  • Easy to avail of work permit post-graduation
  • Better employment opportunities

Canada is world-renowned for its multicultural environment and inclusivity. The country is also famous for having a number of top universities in the world that produce some of the best graduates across various fields.

Canada’s student-friendly atmosphere and large number of organizations across various fields make it a safe and apt environment for academic activities. The country’s institutions also help students to interact with industry insiders, thereby providing its graduates with the opportunity to build networks. Canada has some of the best student cities in the world including:

  • Kingston
  • Quebec City
  • Toronto
  • Vancouver
  • Edmonton
  • Montreal

The USA has a number of universities that offer Master of Finance programs but studying there could be far more expensive than their Canadian counterparts.

Although Canadian universities are relatively cheaper, the quality of the programs remains uncompromised, thereby providing its students with the best academic experience at a reduced cost.

The scope for work in the USA for international students is on the lower end. However, availing of a post-graduation work permit in Canada is relatively easy compared to other developed countries. This means that most students who graduate from Canadian universities can easily find employment within the country!

All of these are enough reasons for an International student to pursue an MSc in finance in
Canada! However, if you would rather go to another country, you can also explore doing an MSc in Finance from the UK. It’s also home to some great universities for the course.

Masters of Finance In Canada - Eligibility


Generally, a master’s of finance degree will require students to have a background in finance and accounting. The eligibility requirements across Canadian universities also do not vary to a large extent. In order to pursue a Master of Finance degree from a Canadian university, students must satisfy certain requirements. The eligibility criteria include

  • An undergraduate degree from a recognized university with a minimum GPA of 3.0
  • The students must’ve taken classes in business finance, statistics, financial theory, and other related subjects.
  • Standardized competitive tests (GRE/GMAT) scores
  • English language proficiency (IELTS/TOEFL etc)
  • Work experience in the relevant field (minimum of 2 years)
  • A valid student permit
  • Work references
  • SOP (Statement of Purpose), LOR (Letter of Recommendation)

What are the scholarship options for a Master’s in Finance in Canada?


Canada is a dream educational destination for many international students. From high-quality of living to the finest education, Canada offers it all. Canadian universities offer some of the top programs in the world across several fields, including management, finance, economics, engineering, and others.

Quality education does not come cheap. Canada is one of the most expensive countries in the world to pursue higher education. The tuition fee for international students to study at some of the top Canadian universities ranges anywhere between CAD 56,000 to CAD 100,000 – something that most students cannot afford without scholarships or financial assistance.

An MSc or MS in Finance is a program that can provide individuals with a solid foundation in the fields of finance, accounting, management, banking, investment, or insurance. The program allows students to experience the practical applications of the theories they learn through hands-on projects.

However, just like any other graduate degree, pursuing an MS in finance in Canada is quite an expensive affair and many students need financial aid in pursuing the degree from a Canadian university. Thankfully, Canada offers scholarships to those students who wish to pursue an education in any of the country’s educational institutions.

Canadian universities offer anywhere between CAD 2,000 to CAD 50,000 as scholarships to students. Some of the most popular scholarships that are offered by various universities to pursue an MSc Finance in Canada include,

  • The federal government’s Canada Student Loan (CSL) program
  • Rotman School’s Entrance Awards
  • Rotman School’s International Student Fellowship
  • John A. Rogers Award in Leadership
  • BPOC Graduate Excellence Award
  • Affiliated Fellowships Master’s Program
  • PEO International Peace Scholarship
  • International Tuition Award
  • McGill Major entrance scholarships
  • University of Alberta’s International Admission Scholarship (up to CAD 5,000)
  • Ontario Graduate Scholarship
  • UCalgary graduate award
  • AIMCo Foundation for Financial Education Master’s Scholarship
  • Commonwealth Scholarship and Fellowship Plan
  •  UBC Graduate Global Leadership Fellowships
  • Carleton University Awards for International Students
  • SFU’s Graduate Dean’s Entrance Scholarship
  • A. John Ellis Graduate Entrance Scholarship in Business Administration
  • Association of Women in Finance Graduate Scholarship

Can you study master's in finance in Canada without GMAT?



The Graduate Management Admission Test (GMAT) is a universal exam for admission to business schools internationally. It allows applicants to apply to several MBA or MS programs. It helps to gauge the logical and analytical skills of students who are applying for admission to business schools.
GMAT results are required for admission to Canadian universities. Having competitive scores on GMAT while applying for admission at the various business schools in Canada is an important factor, especially for international students.
It is possible to pursue an MSc in finance or MS in Finance in Canada without GMAT, provided the other eligibility criteria are met. Most Canadian universities also ensure that applicants have

  • a stellar academic record,
  • relevant work experience,
  • convincing application
  • recommendation letters.

Apart from one’s GMAT scores and the above-mentioned criteria for admission, universities also resort to evaluating an applicant’s capabilities through personal interviews and entrance exams that are conducted by the institutions.
Some of the universities that allow applicants to apply without GMAT scores include,

  • Thompson Rivers University
  • Vancouver Island University
  • Lakehead University
  • McMaster University
  • University Canada West
  • Syracuse University

Graduate Record Examinations (GRE) allows applicants to apply for a variety of graduate program while a GMAT specifically allows students to apply to business schools. Most institutions make it mandatory for international applicants to submit either GMAT or GRE scores for admission.

This means that applicants can pursue an MS in finance in Canadian universities without GMAT, provided the students have valid GRE scores. It needs to be noted that most of the universities/institutions discussed in this article require students to submit either GMAT scores or GRE scores.

What are the best universities for Master of Finance in Canada?


The top 12 Best Universities for master of finance programs in Canada are listed below.

Serial Number University/Institution Location
1 University of Toronto Toronto, Ontario
2 University of British Columbia Vancouver, British Columbia
3 Mcgill University Montreal, Quebec
4 University of Alberta Edmonton, Alberta
5 Queen’s University at Kingston Kingston, Ontario
6 University of Waterloo Waterloo, Ontario
7 Université de Montréal Montreal, Quebec
8 Western University London, Ontario
9 York University Toronto, Ontario
10 University of Calgary Calgary, Alberta
11 Concordia University Montreal, Quebec
12 Simon Fraser University Vancouver, British Columbia

(Source: topuniversities.com)

1. University of Toronto


The Rotman School at the University of Toronto is well-renowned for its quality of teaching in the fields of management and finance. The school is known for its breakthrough research and for inspiring scores of students with financial thinking.

Why study at the University of Toronto?

The Master of Finance (MFin) program offered by the Rotman School at the University of Toronto is one of the best financial programs in the world. With the world’s leading thinkers as faculty, capital markets institute, great finance connections, and quality research, the school has been leading the list of top institutions that provide finance-related programs across Canada and the world.

Launched in 2007, the 20-month-long MFin program has been designed to address corporate finance and to create a wide range of opportunities for students to accelerate their careers. The school has some of the best faculty in finance from across the globe. They are also involved in ground-breaking research.

Fees

Studying at the best institutions could also mean that affordability decreases. Although the fees at the Rotman School are high, so are the outcomes of the master of finance program that the school offers.

The duration of the course is 20 months. The total tuition fee for 2022 is

  • Domestic = $61,200 CAD
  • International = $91,260 CAD

Eligibility

The Rotman School looks forward to taking in students who possess intellectual curiosity, proven finance career path capabilities, a history of creating impact, and good communication skills.

The criteria for admission at the Rotman School include

  • Four-year undergraduate degree from a recognized university (minimum GPA of 3.0)
  • Work experience of at least two years in a finance or finance-related field
  • GMAT/GRE scores
  • At least two work references.
  • An Essay
  • Interview
  • English language proficiency (IELTS, TOEFL)

The application fee is $195, CAD.

Career Opportunities after graduating

Rotman offers a variety of career support services including individual career coaching, professional development workshops, and online coaching for those students who are looking to refine their career goals and connect with the right set of people from the industry.

Upon successful completion of the master of finance program from the Rotman School, students can expect to build a career as:

  • Accounting And Finance Manager
  • Financial Analyst
  • Investment Advisor
  • Investment Banker
  • Insurance Specialist
  • Trader
  • Portfolio Manager
  • Actuary

Admission process

Generally, students are expected to download the admissions brochure from the program’s website. Once that is done, the students are expected to attend an admission event including webinars, panels, or information sessions that can help students to know more about the school and learn about how to apply.

Students can also submit their resumes for assessment or get in touch with a member of the admissions team for more information about their eligibility.

2. University of British Columbia


The University of British Columbia (UBC) offers specializations in the field of finance through the Sauder School of Business. UBC’s finance division is ranked among the top financial groups in the world and is renowned for its quality of research and for its illustrious faculty.

Why study at the University of British Columbia?

The University of British Columbia has been ranked among the top Canadian universities. In fact, it is ranked number two for higher education and for research while it is one of only three Canadian institutions to be featured in the top 50 world university rankings that was released by Times Higher Education World Rankings.

UBC offers an MBA with specialization in Finance for undergraduate students who are looking to pursue a career in finance. The program helps students to acquire the required skills, knowledge, and the necessary experience required to solve financial problems in the real world.

The Sauder School of Business at UBC also offers a Master of Science in Business Administration in Finance program to those students who are looking to pursue a PhD and a career in academics.

Fees

The tuition fees for an MBA is as follows

  • Canadian Citizens and Permanent Residents: $52,443 CAD
  • International students: $93,658 CAD

The tuition fee for the MSc in Business Administration in Finance program is $5,301.54 CAD for domestic students and $9313.92 CAD for international students for the first year.

The application fee is $154.25 CAD for both Canadian as well as International students and is non-refundable.

Eligibility

The Sauder School of Business looks to take in students who are ambitious, have a flair for applied education and are natural solvers who are interested in crunching numbers.

  • BEng., BSc (Eng), BTech, BSc (Nurs), BArch, or a Master’s degree in a non-engineering field is required for eligibility to UBC’s master’s programs.
  • Official transcripts and degree certificates
  • LOR
  • GMAT/GRE scores
  • English Proficiency test scores (IELTS, TOEFL, etc)

Career Opportunities after graduating

UBC finance graduates are hired by companies including Amazon, Deloitte, Lululemon Athletica, PwC, Colliers, JP Morgan Chase, and other companies.

Completing the master’s program from the Sauder School of Business allows students to pursue a career in fields including,

  • Investment Banking
  • Money Management
  • Corporate Finance
  • Securities Trading
  • Commercial Banking
  • Financial Research
  • Consultancy

The MSc in Business Administration in Finance program has been carefully designed to address the needs of those students who are looking to pursue a Ph.D. post their graduate studies. Post the completion of this program, graduates can take up full-time research or get into academia.

Admission process

Students who are looking to apply to the Sauder School of Business must have a foundational proficiency in Quantitative Methods, Statistics, and Economics.

  • The students must review the requirements of the program
  • Submit the completed online application
  • Submit necessary documents

The steps involved in the admission process can be viewed here.

3. McGill University


McGill University, founded in 1821, is known for its excellence in teaching and for its research facilities. McGill is one of Canada’s most prestigious and welcoming institutions, thanks to its incredibly high percentage of international students (31%) compared to other institutions.

Why study at McGill University?

The university offers bachelor’s, master’s, and doctoral degrees in the field of finance through the Desautels Faculty of Management. The discipline of finance provides an academic environment where students can experience service and excellence.

In terms of research, faculty members from a variety of disciplinary backgrounds ensure that dynamic research initiatives are organized around global financial markets, asset valuation, and other themes.

The Desautels Faculty of Management offers the Master of Management in Finance (MMF) degree. It is a specialized degree that can be completed in either 12 or 16 months. The degree is ranked number 2 in North America and 25th internationally by the Financial Times Global Masters in Finance Pre-Experience Ranking 2022.

Fees

The tuition fee for Canadian students is $48,960 CAD. For international students, the fee is $57,465 CAD. The application fee is $125.71, and it is non-refundable.

Eligibility

In order to apply to the MMF program offered by Desautels, one will need to fulfill a list of eligibility criteria. This includes,

  • Undergraduate degree from a recognized university and any additional academic qualifications.
  • English language proficiency test scores (IELTS, TOEFL)
  • GMAT/GRE scores
  • Curriculum Vitae (CV)
  • Essays
  • LOR and SOP

Career Opportunities after graduating

Desautels has a dedicated career management team that offers different types of career coaching experiences. Most MMF graduates from Desautels find themselves working in areas including,

  • Diversified Financial Services
  • Banking
  • Private Equity
  • Venture Capital
  • Private Wealth Management
  • Admission process

In order to apply to the MMF program, students must have a bachelor’s program and proven quantitative skills. Students with a three-year bachelor’s degree from a recognized international university are eligible to apply.

The admission process includes,

  • Submitting application
  • Uploading supporting documents (including transcripts, GRE/GMAT scores, TOEFL/IELTS, Essays, LOR, SOP, etc)

International students who are interested in applying to the MMF program at Desautels can learn more about the admission process here

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4. University of Alberta


Established in 1908 in Edmonton, the University of Alberta is one of Canada’s best research-oriented institutions. It is one of the top universities in the world for research and development across a variety of disciplines.The Alberta School of Business at the University of Alberta offers a variety of programs in finance including undergraduate majors, honors, MBA, and PhD programs.

Why study at the University of Alberta?

The full-time MBA program at the University of Alberta offers students the opportunity to specialize in finance. It helps students to advance their careers with a focus on business challenges and organizational growth.

World-class instruction with small class sizes for improved personal attention is what the University of Alberta offers to graduate aspirants. With a specialization in finance, students can work in sectors including corporate finance and investment banking, venture capital, private equity, and others.

Fees

For domestic students, the tuition fee is calculated on the registration-based model. Post-registration, the fee assessment is available to the students. The approximate fee for Canadian students is ~$54,000 CAD. For international students, the tuition fee is calculated on the program-based model. The approximate fee for international students is ~$60,000.

Eligibility

In order to apply to the Alberta School of Business, students must fulfill the following eligibility criteria.

  • Undergraduate degree from a recognized university with a minimum GPA of 3.0
  • GMAT/GRE scores
  • English language proficiency test scores (IELTS/TOEFL)
  • Professional work experience (minimum 2 years in a relevant field)
  • Statement of intent letter
  • Letters of reference
  • Admission interviews

Career Opportunities after graduating

Most graduates from the Alberta School of Business need to complete a four-month internship program between the first and second years of the program. With a specialization in finance, graduates can work in a variety of roles including:

  • Investment Bankers
  • Chief financial officers
  • Traders
  • Risk Analyst
  • Corporate Finance Analyst
  • Credit Analyst
  • Financial Services Manager
  • Market Analyst
  • Treasury Analyst
  • Purchasing Agent
  • Venture Capitalists
  • Auditors
  • Money and Portfolio Managers

Since around 94% of graduates from the Alberta School of Business find employment within three months of graduation, students can expect to kickstart their careers in no time.

Admission process

Applicants are required to apply to the Alberta School of Business through their online application portal. The admission process includes,

  • Selection of the graduate program
  • Reviewing admission requirements
  • Preparation of documents and application
  • Follow-up through the website

5. Queen’s University at Kingston


Queen’s University is one of the oldest universities in Canada. It was established in 1841 and has since been the epitome of excellence in business education and research. It has been ranked 7th on the Times Higher Education Impact Rankings List and is amongst the top universities globally.The Smith School of Business at Queen’s University is well-known for producing some of the best graduates in the field of business and finance. The school has exchange partnerships with over 100 business schools worldwide.

Why study at Queen’s University?

The Master of Finance program offered by the Smith School of Business is one of the best finance-related programs in the world. The degree can be earned in two ways – in classroom format (full-time) or blended learning format (part-time).

It can also be taken in a way that professionals can continue in their current jobs while completing their MFin program. The MFin program is a CFA Institute Program Partner, and it has close ties with the Toronto chapter of the CFA Society.

The program boasts of having expert faculty, incredible industry partnerships, experiential learning opportunities, and career advancement centers to help graduates choose the right career path.

Fees

The tuition fees for domestic students for the MFin program are $40,300 CAD, while international students will have to pay $73,300 CAD as the program fees.

Eligibility

  • In order to apply to the Smith School of Business, students must fulfill the following eligibility criteria.
  • Relevant full-time professional experience (minimum 2 years).
  • Completion of either CFA level 1 or GMAT.
  • Duly-filled application forms resume official transcripts, GRE/GMAT scores, TOEFL or IELTS scores, cover letter, two professional references, video questions, and written responses, and attend an interview (by invitation only).
  • Canadian study permit (student visa).
  • Undergraduate degree from a recognized university with a minimum GPA of 3.0

Career Opportunities after graduating

Over 98% of students found employment opportunities within 90 days of graduating from the Smith School of Business. Top recruiters include PwC, Kearney, Gartner, Deloitte, and Cisco, among others. Some of the top roles most graduates of the Smith School of Business get into include,

  • Credit Analyst
  • Risk Analyst
  • Equity Capitalist
  • Venture Capitalist
  • Portfolio Analyst
  • Investment Banking
  • Commercial Banking

Admission process

The admission process to get into the Smith School of Business includes,

  • Preliminary assessment
  • Completion of application forms

Submission of documents including resume, LOR, SOP, essays, GRE/GMAT scores, IELTS/TOEFL scores, interview with a member of the program team, and references.
Aspirants can read more about the admission procedures here.

6. University of Waterloo


The University of Waterloo was founded in 1957. It is considered to be the number one Canadian institution for experiential learning. The university has six faculties and four campuses with over 42,000 students across a variety of disciplines.

Why study at the University of Waterloo?

The School of Accounting and Finance at the University of Waterloo offers a Master’s in Quantitative Finance (MQF) program. The program focuses on fundamental subjects, including mathematics, statistics, finance, econometrics, and computer science.

The four-term program has two options – thesis and research paper.

Fees

The full-time tuition and incidental fees for domestic students are $4,224.00 CAD and $548.95 CAD respectively per term. For international students, full-time tuition and incidental fees are $6,518.00 CAD and $800.95 CAD respectively.

Eligibility

In order to apply to The School of Accounting and Finance at the University of Waterloo, students must fulfill the following eligibility criteria.

  • A four-year honours degree (or equivalent) in a quantitative discipline with an average of 80%
  • Strong analytical skills and ability to handle rigorous mathematical analysis
  • Programming skills
  • English language proficiency (IELTS/TOEFL)
  • GMAT/GRE
  • General knowledge of financial markets and economics
  • Demonstrated interest in current developments in finance
  • Professional experience
  • Three undergraduate courses in calculus and one course in real analysis
  • Two undergraduate courses in algebra or linear algebra

Career Opportunities after graduating

The graduates of the MQF program pursue careers across a wide array of disciplines and these roles include,

  • Financial Engineers In Model Vetting And Risk Compliance
  • Portfolio Analysts,
  • Market Risk Analysts
  • Investment Banking And Audit
  • Asset Managers
  • Quantitative Finance

Admission process

The applicants are expected to submit their duly filled application forms before the deadline. Once completed, the supporting documents can be uploaded to the website. The documents include,

  • Transcripts
  • References
  • Supplementary information forms

Aspirants can find out more about the admission process here.

7. Université de Montréal


The Université de Montréal is one of Canada’s largest universities. It is ranked 4th amongst the top institutions of the country and is world-renowned for its quality education and research outcomes. HEC Montréal of the Université de Montréal offers a Master of Science – Finance program to those students who are looking to build a career in the field of finance.

Why study at Université de Montréal?

HEC Montréal is internationally acclaimed for its undergraduate and postgraduate programs in management education and research. With over 60 programs on offer, HEC Montréal is one of the top B-schools in Canada and in the world.

The MSc Finance courses are designed to help those students who are interested in becoming financial analysts or an adviser. The program provides knowledge in quantitative methods and economics. Theoretical knowledge, statistical insights, and econometrics are constantly put into practice.

Financial concepts, including capital markets, financial assessment models, and others, are explored in detail. Moreover, French language courses can help students to integrate into the Canadian culture, thereby improving their chances of being recruited by the Canadian job market.

Fees

The tuition fees for international students are $30,800 CAD while for domestic students, it is $14,200 CAD, for the first four terms. The online admission fee is $310.63 CAD.

Eligibility

Students who are looking to get accepted into HEC Montréal need to fulfill the following eligibility criteria.

  • Undergraduate from a recognized university
  • English language proficiency tests (IELTS, TOEFL)
  • Necessary study permits/visa
  • GMAT or GRE scores
  • TAGE MAGE (score of 300 or higher)

Career Opportunities after graduating

With a 100% placement rate, HEC Montréal’s MSc – Finance program is carefully designed to create well-rounded graduates who are experts in solving problems related to financial planning and management.

Most of the program graduates end up in careers including,

  • Business intelligence analyst
  • Financial analyst
  • Investment analyst
  • Market parameters analyst
  • Risk manager

Admission process

The admission process at HEC Montréal can be seen here. The steps include,

  • Getting documents ready (including official transcripts, proof of compliance with language requirements, LOR, SOP, resumés, etc)
  • Submission of online application form
  • Payment of admission fees
  • Submission of supporting documents
  • Following up with the online account to know about the admission status

8. Western University


the University of Western Ontario or Western University among the top-ranking universities of Canada. It is well-renowned for its research-intensive programs and for its focus on providing quality education.With students from over 120 countries worldwide, it is one of the most inclusive universities in Canada. The Ivey Business School at Western University offers case-based business education to aspirants who look forward to kickstarting a career in a business or finance-related field.

Why study at Western University?

The School of Social Science at Western University offers a Master of Financial Economics (MFE) degree. This is a collaborative program that involves the Faculty of Law, Ivey Business School, the Department of Economics, and the Department of Statistical and Actuarial Sciences.

The MFE program is a 16-month, course-based graduate program that looks to accept students with analytical and quantitative skills. The conglomeration of the academic units ensures that students understand quantitative skills while also improving their analytical, mathematical, statistical, and economic knowledge.

Fees

For Canadian students, the tuition fees will come up to $45,164 CAD for four terms. For international students, the tuition fee is $80,568 CAD for four terms.

Eligibility

In order to apply to the MFE program, students must fulfill the following eligibility criteria.

  • A four-year undergraduate degree from a recognized university. The degree can be in Finance, Economics, Business, or Quantitative disciplines including Mathematics, Statistics, Actuarial Science, or a three-year international undergraduate degree with a minimum GPA of 3.14.
  • GMAT/GRE scores
  • English language proficiency test scores (IELTS/TOEFL)
  • Professional work experience (recommended but not a requirement)

Career Opportunities after graduating

Graduates of the MFE program can find career opportunities in a variety of fields including:

  • Finance
  • Investments And Risk Management With Banks
  • Pension Funds
  • Investment Banks
  • Consulting Firms
  • Regulatory Institutions

Admission process

The admission process can be jump-started by initiating the online application. The admission process involves various steps, including:

  • Initiating online application form
  • Reviewing eligibility
  • Submission of necessary documents, including transcripts, academic references, GRE scores, IELTS/TOEFL scores, and resume.
  • Completion of application fee payment.

9. York University


York University is one of Canada’s largest universities and is considered to be one of the leading universities in the world for research and development. The Times Higher Education World Rankings has placed York University in the 35th spot for meeting the UN’s sustainable development goals.

Why study at York University?

York University’s Schulich School of Business has been considered to be one of the best business schools in Canada by various organizations, including Corporate Knights, Forbes & CNN Expansion.

The Master of Finance (MF) program at Schulich School provides robust real-world training and an analytical foundation that is required for a successful career in the field of finance. Through this program, students can learn about corporate finance, risk management, private equity, and other critical topics related to finance.

The MF program is also a partner of the Chartered Financial Analysts (CFA) Institute and the Financial Risk Manager (FRM) designation that is provided by the Global Association of Risk Professionals (GARP).

The MF covers a large part of CFA so that students can prepare for the three levels as they pursue the program.

Fees

The full-time MF program covers three academic terms where each term is equal to one semester or 12 weeks.

The fees for the full-time MF program is $ 54,000 CAD for Canadian students and $ 84,100 CAD for international students who are on a study permit/visa.

The application fee is $150 CAD.

Eligibility

  • Students who would like to apply to Schulich’s MF program must satisfy the following eligibility criteria.
  • Undergraduate degree from a recognized post-secondary institution with a minimum average of B+.
  • Strong quantitative background
  • GMAT or GRE scores
  • Relevant work experience (minimum of 1 year)
  • Completed online application including essays, an up-to-date resume, references, and transcripts.
  • Proof of English language proficiency (IELTS, TOEFL).

Career Opportunities after graduating

The MF program creates graduates who can tackle real-life challenges with ease. Most graduates of the MF program work in a variety of fields including:

  • Investment Banks
  • Private Equity Firms
  • Corporate Finance Divisions
  • Banks
  • Treasury Analyst
  • Venture Capitalists
  • Consulting Companies
  • Government Agencies

Several multinational companies, including IBM, KPMG, Deloitte, PwC, and others, hire MF graduates from the Schulich School of Business.

Admission process

Students are required to create an online profile on the school’s system and submit the duly filled application form along with the necessary documents, including LOR, SOP, essays, resumes, and copies of transcripts and GRE/GMAT scores. Students can only submit a single filled application form at a time.

Candidates who are interested in applying to the Schulich School of Business can check out the admission requirements here. The school organizes admission events to help students to understand the process of admission better.

10. University of Calgary


The University of Calgary was founded in 1966. It has five campuses all over the world with over 14 faculties that provide 250+ programs for aspiring students to choose from. The university has been consistently ranked amongst the top 10 universities in Canada. The university is well known for its quality of education and is ranked among the top five Canadian universities in research-related programs. It has also received over $480 million CAD in terms of research funding.

Why study at the University of Calgary?

The Faculty of Graduate Studies at the University of Calgary offers MBA programs with different specializations that include finance.

Fees

The thesis-based tuition fees for domestic students are $3,533.28 CAD annually, while for international students, it is $8,242.68 CAD.

Eligibility

In order to apply to the University of Calgary, students must fulfill the following eligibility criteria.

  • A four-year undergraduate degree from a recognized university with a minimum GPA of 3.0
  • GMAT/GRE scores
  • English language proficiency test scores (IELTS/TOEFL)
  • Resumé
  • Essays
  • Letters of reference

Career Opportunities after graduating

With a specialization in finance, MBA graduates from the University of Calgary can work in a variety of roles including:

  • Investment Bankers
  • Traders
  • Corporate Finance Analyst
  • Financial Services Manager
  • Chief financial officers
  • Risk Analyst
  • Credit Analyst

Admission process

The admission process at the University of Calgary involves the following.

  • Verifying the necessary admission requirements
  • Reviewing application deadlines
  • Submission of all necessary documents (including official transcripts, writing samples, study proposals, curriculum vitae, reference letters, and others)

11. Concordia University


Founded in 1974, Concordia University is one of Canada’s premier institutions that is focussed on groundbreaking research and imparting world-class education. With an international student population of over 9000, it is one of the most diverse universities in Canada. The university has two campuses – Loyola Campus and Sir George Williams Campus. With over 200 graduate and 400 undergraduate programs and courses, the university provides a wide array of options to aspiring students across a variety of disciplines.

Why study at Concordia University?

The John Molson School of Business at Concordia University offers an MSc in Finance degree. It is a research-based Master’s program that is designed to create graduates who have strong quantitative and analytical skills with a good understanding of economic theories.

Fees

The total fee to be paid for the MSc in Finance program is $ 20,617.98 CAD for domestic students. International students need to pay $ 55,242.12 CAD a year as tuition fees. The application fee is $100 CAD.

Eligibility

  • In order to apply to the John Molson School of Business, students must fulfill the following eligibility criteria.
  • Undergraduate degree from a recognized institution. Minimum of B average in final two years and a GPA of at least 3.00
  • GMAT/GRE scores.
  • English language proficiency test (IELTS/TOEFL).

Career Opportunities after graduating

Most graduates of the MSc in Finance program work in a variety of roles, including:

  • Investment Analyst
  • Equity Analyst
  • Commercial Banking
  • Portfolio Analyst
  • Data Analyst
  • Financial Analyst

Admission process

Students need to submit the duly filled application form along with the necessary documents including LOR, SOP, essays, resumes and copies of transcripts and GRE/GMAT scores.

The admission process includes,

  • Reviewing the required documents
  • Keeping a tab on the application deadlines
  • Contacting recruiters

12. Simon Fraser University


Simon Fraser University is the last Canadian university we shall discuss in the context of finance-related programs. The university is one of the top Canadian universities that are also among the top institutions of higher education in the world. The university is recognized the world over for its academic excellence, sustainable development, and innovations across different disciplines. The university has over 8 faculties that have over 34,000 students from across 140+ countries.

Why study at Simon Fraser University?

The Beedie School of Business at Simon Fraser University offers a Master of Science in Finance (MFin) program that can help finance professionals and aspirants to understand the role of finance in business. The full-time, 16-month-long program has been designed to cover the fundamentals of finance.

Fees

The tuition fees for domestic students are $37,731 CAD while it is $52,190 CAD for international students. The application fee is $90 CAD for Canadian students and $125 CAD for international students.

Eligibility

In order to apply to the MFin program from the Beedie School of Business, students must fulfill the following eligibility criteria.

  • A four-year undergraduate degree from a recognized university with a minimum GPA of 3.33
  • GMAT/GRE scores
  • English language proficiency test scores (IELTS/TOEFL/PTE/)
  • Statement of Intent letter

Career Opportunities after graduating

The MFin graduates from the Beedie School of Business can expect to work for different types of employers including:

  • Banks And Financial Institutions
  • Investment Firms
  • Insurance Companies
  • Securities Regulators
  • Public Accounting Firms
  • Management Consulting Firms
  • Fintech

Some of the roles that MFin graduates take up include,

  • Corporate Banking Analyst
  • Capital Markets Analyst
  • Commercial Banking
  • Investment Banking Analyst
  • Quantitative Analyst

Admission process

The steps involved in the admission process at the Beedie School include,

  • Reviewing the eligibility criteria
  • Completion of the online application form
  • Payment of application fees
  • Uploading all supporting documents

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Date added
03.01.2023

Filed under:

Global Ed

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