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Masters in Commerce in Canada: Top Universities, Courses, Deadlines, Admission, & Fees

JI
Jyoti • 9 Mins read • 22 Jul 25
Masters in Commerce in CanadaMasters in Commerce in Canada

Master in Commerce in Canada is a 1 to 2 year course and various top universities provide Master in Commerce. Top universities are Western University, the University of Manitoba, Saint Mary’s University, the University of British Columbia  and many more. International candidates should score 6.5 in IELTS as an English proficiency language test. The average fee for the Master degree is 30,000 to 45,000 CAD which will be ₹18 to ₹25 lakh for Indian students. If you decide to pursue a Master degree in Canada, you must know that after completing the degree, many Indian students get a high paid package of 60,000 CAD per annum which will be ₹36.32 Lakh in Indian rupees.  After completing the course, many students got placement in top companies like Ford, Accenture, GSK, Adobe, Citi Canada and numerous and many more. 


Masters in Commerce in Canada: Highlights 

Check the table given below has details about Master in Commerce in Canada. 

Feature

Details

Duration

1 to 2 years

Top Universities

University of Toronto, McGill University, University of British Columbia

Average Tuition Fee

CAD 25,000 to CAD 45,000 (₹15 to ₹27 lakh)

Intake Seasons

September, January 

Degree Options

M.Com, M.Mgmt, Master of Accounting, Master of Financial Economics


Masters in Commerce in Canada: Important Dates 

Here is the table that has details about the important dates and events related to the college application process, with start and end dates for top universities.

University

Application Deadline

University of Toronto

Jan 15, 2025

University of British Columbia

Jan 31, 2025

McGill University

Dec 15, 2024

Queen’s University

Feb 1, 2025


Visa Application Timeline

Here are the important details about the visa application timeline.

Step

Time

What to Do

Apply for a visa

February to April

After you get your admission letter

Submit documents 

February to April

Submit all papers 

Visa result

6 to 8 weeks

Wait for the visa decision


Why Choose a Master in Commerce in Canada?

There are some important points about why you should choose a master in Commerce in Canada. 

  • Top Universities: If you decide to pursue your degree in Canada, you will study in top universities with excellent faculty.
  • Education: In Canada, top universities provide high quality education to students, not just theoretical, but also practical training to help students in their careers. 
  • Research work: students get many project works and they also get a chance to work on research projects. 
  • High Paid Job: After completing the degree, students can get high-paid jobs in many sectors. The average fee is 27,540 to 84,100 which will be around ₹16.69 to ₹50.97 Lakh. 

Also Check: Study in Canada

Master in Commerce in Canada: Admission Process 

Here are the details about the admission process of Canada's top universities. 

  • You must choose the university where you want to study and fill out the online application form. 
  • Some Canadian universities require an IELTS or TOEFL scorecard  so you must take an English language proficiency test. The required score is typically 6.5.
  • To get admission into top universities, you must have Letters of Recommendation (LOR) a Statement of Purpose (SOP) and an updated resume. These documents will help you secure admission to a Canadian university.
  • After that, submit the application along with the required documents and pay the application fee. 
  • You will receive the admission letter. Once you get the letter, you can apply for a visa. 
  • After receiving your visa, you can travel to Canada.


Master in Commerce in Canada: Eligibility Criteria

Taking admission in college abroad is not easy, as it involves a lot of paperwork. However, if you have all the necessary information the process can be less stressful. Here are the details about the eligibility criteria for top colleges in Canada.

Category

Eligibility Criteria

Freshers

Must have UG degree with good academic score (70%+), IELTS 6.5

Experienced Candidates

Preferred for Management/Finance programs

International Students

IELTS/TOEFL, Financial proof, Valid passport


SOP, LOR and Resume

Here is the table with SOP, LOR  and Resume details.

Document

Purpose

What to Include

SOP

Explain your interest in the course and your future goals

Your background, why you chose the course  and career plans

LOR

Your academic or work abilities from others

2 letters from professors or employers who know you well

Resume

Gives an overview of your achievements, projects and skills

Education, internships, projects, leadership, certifications


Master in Commerce in Canada: Course Fees

The table given below has a detailed breakdown of course fees at top universities in Canada. This information will help you compare the costs and plan your budget.

University Name

Course Name

Fee (CAD)

Fee (INR)

University of Toronto

Master of Management and Professional Accounting

65,000 CAD

₹39 to ₹40 Lakhs

University of British Columbia

Master of Management

55,000 CAD

₹32 to  ₹34 Lakhs

McGill University

Master of Management in Finance

49,000 CAD

₹29 to  ₹30 Lakhs

Western University 

Master of Management in Analytics

59,000 CAD

₹35 to ₹36 Lakhs

Queen’s University 

Master of International Business

51,000 CAD

₹30 to ₹31 Lakhs

York University 

Master of Accounting

49,500 CAD

₹29 to ₹30 Lakhs

Concordia University

Master of Science in Finance

30,000 CAD

₹18 to ₹19 Lakhs

University of Manitoba

Master of Finance

25,000 CAD

₹15 to ₹16 Lakhs

Saint Mary’s University

Master of Applied Economics

22,000 CAD

₹13 to ₹14 Lakhs


Master in Commerce in Canada: Top Entrance Exam

Here are the details about the IELTS/TOEFL English language tests in the table below.

Exam

Required

Details

IELTS

Yes

Overall score is 6.5. Top universities may ask for 7.0

TOEFL

Yes

score is 86to 100, depending on university requirements


Master in Commerce in Canada: Cutoff

In canada universiets take english test as a entrance test you must pass that test. Here is the English language test scores (IELTS/TOEFL) cutoff details in table. 

Exam

Minimum Score Required

IELTS

Overall: 6.5 to 7.0. Each section: 6.0

TOEFL iBT

Total score: 90 to 100


Master in Commerce in Canada: Syllabus

You must know about the course syllabus. Here are the basic details of the syllabus that you will study in Canada.


Core Courses

  • Managerial Economics
  • Financial Accounting
  • Business Strategy
  • Corporate Finance
  • Research Methodology

Electives and Specializations

  • Data Analytics
  • Financial Reporting
  • International Business
  • Risk Management
  • Sustainable Finance


Top Universities for M.Com in Canada

In Canada various universities provide a Master in Commerce, but here is the complete table with details about the top universities in Canada, including their application deadline and other important information.

University

Program

Application Deadline

QS World University Ranking

Western University

MS in Management

January 23, 2025 (tentative)  

151 

University of Manitoba

Master of Supply Chain Management and Logistics 

March 1, 2025 (tentative)

643 

Saint Mary’s University

MS in Technology Entrepreneurship and Innovation

April 1, 2025 (tentative)

700 

The University of British Columbia

Master of Management

Round 1: October 11, 2025 (tentative)

40 

Wilfrid Laurier University

MS in Management

April 30, 2025 (tentative)

700

Queen’s University

Master of International Business

January 9, 2025 ( tentative) 

211 

York University

Master in Business Analytics

August 3, 2025 (tentative)

333 


Public Universities of  M.Com in Canada

Check the top public universities in Canada, with seat availability and ranking details for Indian students.

University

QS World Ranking

Seats 

University of Toronto

21

300

University of British Columbia

34

250

McGill University

30

200

Queen’s University

209

180


Private B-Schools of  M.Com in Canada

Check the top private B-school in Canada, with seat availability and ranking details for Indian students.

B-School

QS World Ranking 

Seats

York University 

426 out of 450

200

Concordia University 

551 out of  600

150

HEC Montréal

551 out of 600

180


M.Com in Canada: Scholarship

You can get scholarships at Canadian universities. Here are the full details about the scholarships and how you can benefit from them.

Scholarship Name

Who Can Apply

Award Amount (CAD)

Award Amount  INR 

Western University Graduate Funding

Full time research Master’s/PhD students

23,990 CAD

₹14 to ₹15 Lakhs

Manitoba Int’l Graduate Student Scholarship

Full time 2 year program

Tuition fee coverage

₹12 to ₹14 Lakhs

Manitoba Graduate Fellowship

Academic merit 

14,000 CAD

₹8 to ₹9 Lakhs

Narotam Sekhsaria Scholarship

Indian students are based on academics

Up to ₹20 Lakhs

₹20 Lakhs

Durland Scholarship 

Graduate research students

10,000 CAD

₹6 to ₹7 Lakhs


M.Com in Canada: Scholarship Deadline for 2025

Top Canadian universities provide scholarships to students. If you want to apply, here are the scholarship deadlines.

Scholarship

Deadline

UBC IMES

Jan 15, 2025

OGS

Mar 1, 2025

Vanier

Nov 1, 2025 (tentative)


Master in Commerce in Canada: Placement 

After completing the course, many Indian students get placed in top companies. Some Canadian universities also provide placement assistance to students. Here are the details about placements.

Profession

Average Salary (CAD)

Equivalent Salary (INR)

Top Recruiters

Operations Administrator

38,000

₹22.91 Lakhs

RBC, Scotiabank, Manulife

Digital Marketing Specialist

44,000

₹26.52 Lakhs

Shopify, Hootsuite, Bell Media

Junior Accountant

46,000

₹27.73 Lakhs

Deloitte, EY, BDO Canada

Intermediate Accountant

47,000

₹28.33 Lakhs

PwC Canada, MNP LLP, KPMG

Accounting Analyst

54,000

₹32.55 Lakhs

Scotiabank, TD Bank, Rogers

Senior Accountant

59,000

₹35.57 Lakhs

KPMG, Sun Life, Grant Thornton

Event Manager

59,000

₹35.57 Lakhs

Eventbrite, Freeman, The Hive

Payroll and Benefits Manager

74,000

₹44.61 Lakhs

Canada Life, Ceridian, ADP Canada

Digital Marketing Manager

79,456

₹47.90 Lakhs

Google Canada, Meta, Shopify


M.Com in Canada: Salary Package

Check the table of M.Com salaries in Canada based on different job roles.

University

Annual Salary (CAD)

Salary in INR 

York University

59,000

₹35.40 Lakhs

University of British Columbia

65,000

₹39.00 Lakhs

Western University

60,000

₹36.00 Lakhs

University of Manitoba

62,000

₹37.20 Lakhs

Queen’s University

65,000

₹39.00 Lakhs

Wilfrid Laurier University

57,000

₹34.20 Lakhs


Master in Commerce in Canada vs India 

Check the details about Canada vs India to see which country is better for you.

Factor

M.Com in Canada

M.Com in India

Duration

1 to 2 years

2 years

Average Tuition Fee

CAD 27,000 to 55,000 

₹20,000 to ₹2 lakh 

Living Expenses

CAD 10,000 to 15,000

₹1 to 2 lakh

Entry level Salary

CAD 50,000 to 60,000 

₹3 to 5 LPA

Mid career Salary

CAD 70,000 to 90,000 

₹6 to 10 LPA

Senior level Salary

CAD 100,000

₹12 to 20 LPA

Average Salary for Indian Students

CAD 55,000

₹4 to 6 LPA

Job Opportunities

Global MNCs, finance firms, public sector

Mostly domestic companies, government jobs

Work Opportunities After Study

Up to 3 years post study work permit

No official post study work program

Education Quality

Globally recognized, research focused

Theoretically, less industry exposure

Scholarship Availability

Merit based, need based, university funded

Merit based 


Master in Commerce in Canada: Cost of Living 

If you are confused or worried about the cost of living in Canada, here are the details for Indian students.

Expense Type

Annual Expense (CAD)

Cost Equivalent (INR)

Accommodation

1,000 to 2,500

₹60,000 to ₹1.5 Lakhs

Food

1,200

₹1,00,000

Transportation

100

₹6,050

Health Insurance

40 to 45

₹2,400 to ₹2,700

Miscellaneous Expenses

1,000

₹60,500

Total

3,340 to 4,845

₹2.02 to ₹4 Lakhs


Career Scope After Master in Commerce in Canada

After completing a Master in Commerce in Canada, many Indian students secure high paying jobs. There are various career opportunities available, including roles such as Financial Analyst, Accountant and Marketing Coordinator. The average salary for these roles ranges from ₹30.46 lakh to ₹35.05 lakh per year.

Job Profile

Salary (CAD)

Salary in INR 

Financial Analyst

58,421

₹35.05 Lakhs

Accountant

50,769

₹30.46 Lakhs

Marketing Coordinator

46,098

₹27.66 Lakhs


Frequently Asked Questions 


Ques. What is the cost of studying in Canada for Indian students?

Ans: The cost of studying in Canada for Indian students is CAD 25,000 to CAD 65,000, which will be ₹15 to ₹40 Lakhs in Indian rupees and it will depend on the university. 


Ques. Can you tell me about the eligibility for Masters in Commerce in Canada?

Ans: If you want to get admission in a Master in Commerce in Canada. You must have a Bachelor’s degree with 70% marks. IELTS score is 6.5 or a TOEFL score between 90–100 is required. 


Ques. What is the career scope after completing Masters degree?

Ans: After completing the Master in Commerce in Canada, many Indian students get high paid jobs. There are many top recruiters Deloitte, PwC, RBC and many more. The average salary is  ₹30 to ₹48 Lakhs.


Ques. Do Indian students get scholarships for a Master course?

Ans: Yes, many students get scholarships based on their merit score and as per their economic background. Some scholarships are Western University Graduate Funding, Manitoba Graduate Fellowship and Narotam Sekhsaria Scholarship. 


Ques. What are the top universities for Masters in Commerce in Canada?

Ans: There are many universities, but here are the top universities in Canada: University of Toronto, University of British Columbia, McGill University and Queen’s University.