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

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.