Masters in Finance Canada: A Comprehensive Guide

Masters in Finance Canada

Table of contents:

  1. Masters in Finance Canada: Overview
  2. Why Pursue a Master’s in Finance in Canada?
  3. Eligibility requirement
  4. Top Universities offering Masters in Finance Canada
  5. Masters in Finance in Canada – Scholarships
  6. Job Opportunities After a Master’s in Finance in Canada
  7. Frequently Asked Questions

Canada is recognized as one of the leading countries for education, employment, and industry exposure, which is perfect for pursuing education. Studying for a Master’s in Finance in Canada is highly recommended for everyone eager to explore the dynamics of finance, markets, and other issues. 

Canadian universities attract International students to their Master of Finance programs, which provide profound knowledge about the economic outlook, requisite assets, liabilities, and investments.

Let’s get started!

Masters in Finance Canada: Overview



Degree level

Master Degree


2 years

Average Salary 

CAD 109,148 per year


Full-time / Part-time

Exam required

  • GMAT / GRE Test scores
  • TOEFL / IELTS Test scores


  • Financial analytics 
  • Investment Analysis
  • Corporate finance and investment banking
  • Financial analysis and reporting
  • Financial risk management
  • Management in financial strategies
  • Financial planning services 

Why Pursue a Master’s in Finance in Canada?

The country and its universities provide extensive facilities and support for international students, making it an ideal destination for pursuing higher education abroad.

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

Great Variety of Specializations: Students have numerous options for specialties that fit their interests, competencies, and career aspirations, which means they can concentrate on topics they like most.

Highly Valuable Courses: Canadian universities provide top-tier and globally benchmarked finance programs. Field major students fully understand how finance and related fields work. Moreover, after completing the course, they can quickly land well-paying positions such as financial planners, tax consultants, and other related financial positions.

Bright Future: Canada offers students an opportunity to practice their skills and interests to prepare for a lucrative career in finance. The strong support and job openings available in the country allow students to develop a sound career path after graduation.

Eligibility requirements:

  • Statement of Purpose (SOP)
  • Updated resume
  • Two letters of recommendation
  • Transcripts from all post-secondary institutions attended
  • GMAT/GRE scores
  • English language proficiency scores
  • Work experience letter, if applicable
  • TOEFL iBT scores (80-100)

Top Universities offering Masters in Finance Canada

UniversityProgramDurationTuition Fees (in CAD)
York University Schulich Master of Finance2 year$ 92,745
The University of British ColumbiaMasters of Science in Business Admin in Finance2 year$9,690.18 per year
Concordia University MSc in Finance2 years$43,250
University of TorontoMFin16 months$94,000
HEC MontrealMSc in Finance16-24 months$23 800

Masters in Finance in Canada – Scholarships

Scholarships provide essential financial support for students, helping to reduce tuition fees and living expenses. Many Canadian universities offer scholarships to international students who meet specific eligibility criteria. Here are some universities and the scholarships they offer:

Scholarship Offered byBenefit
Banting Postdoctoral FellowshipsGovernment of CanadaCAD 70,000
Vice Chancellor’s ScholarshipsYork UniversityCAD 10.000
Vanier Canada Graduate Scholarships ProgramGovernment of CanadaCAD 50,000

Job Opportunities After a Master’s in Finance in Canada

Completing a Master’s in Finance in Canada opens the door to a bright future, with starting salaries often reaching between 60-80k CAD per year. Here are some potential job opportunities in Canada:

  • Budget Analyst
  • Market Research Analyst
  • Chartered Accountant
  • Financial Analyst
  • Risk Manager

Below are the average annual salaries for various job profiles:

Job ProfilesAverage Annual Salary (in CAD)
Chartered Accountant$80,000
Financial Manager$125,458
Financial Controller$116,990
Project Manager$125,777
Tax Advisor$112,125
Risk Management Director$132,209

Frequently asked questions

How long does it take to complete a course in Master of Finance in Canada?

Most Master’s in Finance programs in Canada take two years to complete for full-time students.

What are some potential part-time opportunities for studying for a Master’s in Finance in Canada?

Certainly, numerous universities currently provide opportunities for practice-oriented education with part-time study for persons who have a permanent job and would like to receive an academic degree in Master of Finance.

What does a student learn in Master’s in Finance programs in Canada?

Depending on the university, the specializations may include financial analytics, financial planning, risk management, corporate finance, investment management, etc.

Is it permissible for international students to work while pursuing a Master’s Degree in Finance in Canada?

Yes, for fully enrolled international students in such programs, there exists some small jobs they could do other than study—such work should not be more than twenty hours per week when school is on and can be done anytime there are breaks between terms.

What is the level of language skills expected from non-native students?

International students need to take something like the TOEFL or IELTS to ensure they have a good comprehension of the English language, whether in reading, writing, listening, or speaking.

Copyright © Nomad Study Abroad Consultant Private Limited. All Rights Reserved 2024.