Masters in Finance in Canada: Top Universities, Eligibility, Cost of Study, Scholarships and Jobs

Masters in Finance in Canada is an advanced degree that serves students with comprehensive knowledge of financial markets and analysis techniques. A Master in Finance course is appropriate for graduates seeking career opportunities in different finance domains, like financial planning, risk management, corporate finance and banking. For Indian students interested in studying a Master in Finance, Canada is the best option because of its diverse and strong economy. Home to world-class universities, welcoming culture and high-quality education, Canada is the ideal country for Masters in Finance. 

Masters in Finance in Canada attracts Indian students seeking careers in financial planning, corporate finance, risk management and banking sectors. Masters in Finance in Canada is a 1 to 2 year course offered to students with bachelor’s degrees. To study a Master in Finance in Canada, you need a minimum GPA of 3.0 and an IELTS score of 6.5 or above. 

The tuition fee to study the program ranges from 30,000 CAD to 88,000 CAD yearly. Upon graduation, students can expect to earn an average median salary of 73000 CAD or INR 4489000. Students with graduate degrees in finance are hired for high-paying jobs in Canada like financial analysts, financial managers, tax advisors and investment bankers. 

Masters in Finance in Canada: Highlights

Some key highlight areas for the Master in Finance in Canada are mentioned here: 

Masters in Finance in Canada - Important Dates and Events

Important dates and events for Masters in Finance in Canada are listed in this table:

Masters in Finance in Canada Fees

The masters in Finance in Canada fees range between CAD 10000 and 60000 yearly. The cost includes the tuition fees for the course and the living cost in the country. 

Tuition Fees

The average tuition fees for Masters in Finance in Canada is between INR 590000 to 5660000 lakhs yearly based on the university you opt for. The tuition fee across some popular colleges for Masters in Finance in Canada include:

Why Choose a Masters in Finance in Canada?

Masters in Finance in Canada is one of the highly sought after courses. Let’s find out who the masters in Canada is highly chosen among the Indian students:

• Bright Career Benefit: After studying a Masters in Finance in Canada, you can get hold of extremely powerful job scopes with world-famous recruiters, Moreover, you can also study further studies in finance post your masters degree with numerous scholarships available to choose from.
• Excellent Education: Serving the best infrastructure, best universities in Canada for masters in finance have stood out throughout the world. Canada is famous for serving Indian students outstanding educational and industrial experiences.
• Highly Valuable course: Masters in Finance in Canada is one of the most valuable and highly ranked courses in the world. Students with graduate degrees in finance study careers such as financial analysts, tax advisers, investment bankers, financial managers and others and get a beneficial ROI.
• Abundance of specializations and courses: Some of the best finance course in Canada provide students with different kinds of specializations such as financial analytics, insurance management, finance planning and professional financial services. 

 Also Read :

Other Popular Countries for Studying Masters in Finance

Masters in Finance in Canada Qualification

Masters in Finance in Canada qualification are mentioned in this section:

Masters in Finance in Canada Eligibility Criteria – Category-wise

Let’s now know about the Masters in Finance in Canada eligibility criteria:

Masters in Finance in Canada: College-Specific Admission Requirements

The specific admission requirements for Masters in Finance in Canada are identified ahead:

Masters in Finance in Canada Application Process

Masters in Finance in Canada Application process takes place three times in a year. Applicants must keep an eye on when the universities roll out their admission forms. Here are the steps they can follow to confirm a smooth application method.

• Step 1: Select the preferred university that offers Masters in Finance
• Step 2: Go through the entry requirements
• Step 3: Check the documents that should be attached along with the application form and submit them before the deadline.
• Step 4: Pay the application fees and wait for confirmation.
• Step 5: Apply for a Canadian student visa on receiving the confirmation. 

GMAT/GRE Requirements

• Top universities such as University of Toronto and McGill need marks above 650.
• Scores can be converted to a GMAT equivalent and a minimum of the 60th percentile on the quantitative section is often required. 

SOP, LOR, and Resume

Top Masters in Finance Entrance Exams for Canada

Top Masters in Finance entrance exams for Canada are listed in this table:

GMAT Preparation Strategy

• Familiarize yourself with the GMAT focus edition.
• Identify your target score. 
• Analyze your strengths and weaknesses. 

IELTS/TOEFL Tips

• Familiarize yourself with the structure and question types of TOEFL or IELTS.
• Identify the minimum mark requirements for your selected universities and aim to exceed them.
• Dedicate time to practicing four sections of the test like listening, reading, writing and speaking. 
• Recognize your weaknesses and focus on targeted practice to improve your marks. 

Masters in Finance in Canada Cutoff

Masters in Finance in Canada cutoff marks for some specific exams are mentioned ahead:

IELTS/TOEFL Score Cutoffs

Masters in Finance in Canada IELTS/TOEFL cutoffs are identified in this table:

Masters in Finance in Canada Syllabus

• A Masters in Finance in Canada typically covers core financial concepts such as financial management, investment analysis and risk management with specializations in areas such as Fintech, risk management, investment management and financial analysis. 
• The curriculum includes quantitative methods, empirical finance, financial modelling as well as professional skill development in areas such as data analysis and Python. 

Core Courses

• Financial Management
• Investment Management
• Risk Management
• Quantitative Methods
• Financial Modelling
• Empirical Finance

Electives & Specializations

• Financial Analysis
• Investment Management
• Risk Management
• Fintech

Best Universities/Colleges for Masters in Finance in Canada

Some top universities for Masters in Finance in Canada are listed ahead:

Public Universities 

Names of the Public Universities with its QS world rankings 2025 are identified in this following table:

Masters in Finance in Canada vs Diploma in Finance in Canada 

The difference between Masters in Finance in Canada and Diploma in Finance in Canada presents here:

Masters in Finance in Canada Scholarships

Masters in Finance in Canada Scholarships are explained in this section:

Career Scope After Masters in Finance in Canada 

A masters in finance in Canada serves promising and diverse career paths with strong earning potential, specifically in financial hubs such as Montreal, Vancouver and Toronto. Graduates can find roles in investment banking, asset management, risk management and corporate finance.

• Financial Analyst: This is a very common job role for finance graduates, engaging market trend analysis, financial modeling and data analysis.
• Investment Banker: This role pivots on supporting clients with mergers and acquisitions, capital raising and investment scopes.
• Financial Advisor: These professionals serve financial advice to individuals and businesses on wealth management, taxes and investments. 
• Accountant: It is responsible for financial record-keeping, analysis and reporting. 

Top Recruiters/Placement Companies

The top recruiting companies for Masters in Finance in Canada graduates are listed below:

• Financial Organization: BMO, TD Bank, CIBC, RBC and Scotiabank.
• Insurance Companies: Sun Life Financial and Manulife
• Investment Firms: Fidelity Investment Canada and Mackenzie Investments
• FinTech Organizations: Mogo, Nuvei, Lululemon Athletica Inc. and Wealth Simple.
• Management consulting companies: Boston Consulting, Bain & Company and McKinsey & Company. 

Masters in Finance in Canada Salary Package

Masters in Finance in Canada salary package of students is CAD 73000 on average. The average yearly salaries in Canada for Masters in Finance graduates according to payscale are:

Average Salary for Indian Students

Masters in Finance in Canada average salary for Indian students are identified in this following table:

Frequently Asked Questions

Ques. Is GMAT necessary for a Masters in Finance in Canada?

Ans. No, GMAT is not necessary for a Masters in Finance in Canada. Some universities in Canada offer courses without GMAT as the prerequisite admission criteria.

Ques. Can I study for a Masters in Finance in Canada without the GRE?

Ans. Some universities in Canada accept admission applications for the Masters in Finance course without needing the GMAT marks of students. However, they may sometimes need the student to submit GRE test marks.

Ques. What is the eligibility criteria for studying Masters in Finance in Canada?

Ans. All international students applying for Masters in Finance in Canada must submit the academic transcripts of each institution they have attended so far. They must also possess a bachelor's in Finance or any other field to be eligible for a master application.

Ques. Is a Masters in Finance in demand in Canada?

Ans. A Masters in Finance from a globally recognized university in Canada will likely open up many job opportunities for graduates. This is why various international students are attracted to Canadian universities to study for their Masters in finance.

Ques. How do I apply for a Master’s in Finance in Canada?

Ans. If you have a Bachelor’s or UG degree in Finance, Business, or any related field of study and a minimum IELTS test score of 6.5 - 7.5, you are eligible to apply for a Masters in Finance in Canada. However, all universities in the country have various requirements so it is best to verify with the university that you are applying to about their particular criteria for the course.