MBA in Finance in Canada: Best Colleges, Cost, Career Scope & Admission Guide
MBA in Finance in CanadaPlanning to pursue your Masters abroad after graduation? If you are aiming for global roles in finance and long-term career growth, MBA in Finance in Canada can be a smart investment to make. With its favorable immigration policies, Canada has emerged as one of the stable economies while providing world-class business education.
Did you know, in UNESCO’s word, over 6 million students chose international study in 2023 and top destinations are USA, UK, Canada, Germany, and Australia. Its like a feather on the cap.
Best globally ranked colleges for MBA in Finance in Canada are Rotman School of Management (University of Toronto), Ivey Business School (Western University), Schulich School of Business (York University), Desautels Faculty of Management (McGill University) and Sauder School of Business (University of British Columbia).
Students are expected to pay anywhere between CAD 40,000 to CAD 75,000 for tuition fee alone. Living expenses can add another CAD 10,000 to 15,000. Canadian universities seek academically strong profiles to admit. You must have a 4-year bachelor's degree in a relevant field, GMAT score or GRE equivalent, English Proficiency Test and some work experience (flexible).
With scholarships like Ontario Graduate Scholarship, Rotman Entrance Awards, and Ivey Global Leader Award, many Indian students make their MBA in Finance in Canada dream attainable. And if you are someone who has a strong pursuit in research, you can secure Mitacs Globalink fellowships with your compelling profile.
Job prospects after MBA in Finance in Canada are dynamic with a strong placement rate. Students land jobs in roles like investment analyst, financial consultant, portfolio manager or corporate finance lead. Starting salary packages are around CAD 70,000.
If you dream for a path that is paved with long-term opportunity, then you should be targeting a career in global finance. Canada’s MBA programs offer the right mix of quality and ROI, especially when it comes to MBA in Finance in Canada.
MBA in Finance in Canada: Quick Highlights
In the table below we have enumerated some important highlights of MBA in Finance in Canada:
Particulars | Details |
Duration | 1.5 – 2 years (Full-time); part-time/executive formats available |
Top Universities | Rotman (Toronto), Ivey (Western), Schulich (York), Desautels (McGill), Sauder (UBC) |
Average Tuition Fee | CAD 40,000 - CAD 75,000 total (₹24 - ₹45 Lakhs approx.) |
Average Living Cost | CAD 15,000 - CAD 20,000 yearly (₹9 - ₹12 Lakhs approx.) |
Intake Seasons | September (Fall), some universities offer January (Winter) intake |
Required Exams | IELTS, TOEFL, PTE, GMAT |
Popular Specializations |
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Course Structure |
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Grading System | 4.0 GPA scale (A = 4.0, B = 3.0) |
Study Mode | Full-time (on-campus), limited hybrid options |
Popular Specializations in MBA in Finance in Canada
These are popular specializations in MBA in finance in Canada:
- Investment Banking
- Corporate Finance
- Financial Risk Management
- Financial Analytics
- Asset and Wealth Management
- FinTech and Digital Finance
- Banking and Financial Services
- International Finance
- Insurance and Actuarial Finance
MBA in Finance in Canada: Tuition Fees and Ranking 2025
This table will provide you with the crucial information of MBA in finance in Canada tuition fee along with the ranking of the universities:
University | Rank | Tuition Fee (CAD) | Tuition Fee (INR approx.) |
University of Toronto - Rotman School of Management | 1 | CAD 75,000 | ₹45 Lakhs |
McGill University - Desautels Faculty of Management | 2 | CAD 63,000 | ₹38 Lakhs |
Western University - Ivey Business School | 3 | CAD 66,000 | ₹40 Lakhs |
Queen’s University - Smith School of Business | 4 | CAD 62,000 | ₹37 Lakhs |
University of British Columbia - Sauder School of Business | 5 | CAD 58,000 | ₹35 Lakhs |
York University - Schulich School of Business | 5 | CAD 55,000 | ₹33 Lakhs |
University of Alberta - Alberta School of Business | 7 | CAD 36,000 | ₹22 Lakhs |
Concordia University - John Molson School of Business | 8 | CAD 38,000 | ₹23 Lakhs |
HEC Montréal | 9 | CAD 37,000 | ₹22 Lakhs |
McMaster University - DeGroote School of Business | 9 | CAD 34,000 | ₹20 Lakhs |
Dalhousie University - Rowe School of Business | 11 | CAD 32,000 | ₹19 Lakhs |
University of Calgary – Haskayne School of Business | 11 | CAD 34,000 | ₹20 Lakhs |
University of Ottawa - Telfer School of Management | 11 | CAD 35,000 | ₹21 Lakhs |
Simon Fraser University - Beedie School of Business | 11 | CAD 36,000 | ₹22 Lakhs |
Brock University - Goodman School of Business | 15 | CAD 31,000 | ₹19 Lakhs |
Carleton University - Sprott School of Business | 15 | CAD 30,000 | ₹18 Lakhs |
University of Manitoba - Asper School of Business | 15 | CAD 30,000 | ₹18 Lakhs |
Saint Mary's University - Sobey School of Business | 15 | CAD 29,000 | ₹17.5 Lakhs |
University of Saskatchewan - Edwards School of Business | 15 | CAD 30,000 | ₹18 Lakhs |
Toronto Metropolitan University - Ted Rogers School of Management | 15 | CAD 33,000 | ₹20 Lakhs |
University of New Brunswick | 15 | CAD 29,000 | ₹17.5 Lakhs |
University of Victoria - Gustavson School of Business | 15 | CAD 32,000 | ₹19 Lakhs |
Wilfrid Laurier University - Lazaridis School of Business | 15 | CAD 32,000 | ₹19 Lakhs |
Why Choose MBA in Finance in Canada
Let us take a closer look why you should seriously consider Canada for your MBA:
- Globally Acclaimed Business Schools - Canada is not playing around when it comes to B-schools. Names like Rotman, Ivey and Schulich are consistently ranked in the top 100 in the world. So your MBA will have serious weight on your resume.
- Specialised Finance Curriculum - Forget cookie-cutter MBA programs. In Canada, finance specialisations go deep with corporate finance, investment banking, fintech and risk management. You do not just scratch the surface, you build actual financial expertise with MBA in Finance in Canada.
- Real Industry Exposure - This is not just theory and textbooks. With internships, case competitions and networking events built into the program, you will be rubbing shoulders with people from big players like Deloitte, RBC, TD and McKinsey after you get your degree.
- Post-Study Work Opportunities - Good news that you will not need to pack your bags right after your degree. Canada offers 3 years of post-study work rights giving you plenty of time to find your place in the finance world and build a career that sticks globally.
Also Read :
Other Popular Countries for Studying MBA in Finance
MBA in Finance in Canada: Eligibility Criteria
Academic Qualification for MBA in Finance in Canada
- A 4-year Bachelor’s degree in any discipline from a recognized university.
- Some universities accept 3-year undergraduate degrees (from India or UK) with strong academic records.
- A background in commerce, economics, finance or quantitative subjects is preferred.
- Minimum academic score:
65-75% aggregate (Indian standard)
GPA 3.0/4.0 or equivalent (varies by university).
- Final-year undergraduate students can apply with provisional transcripts.
- Some schools like HEC Montréal may require prior work in quantitative methods.
- University of Alberta and McMaster allow non-business backgrounds with pre-MBA courses.
English Language Proficiency
- IELTS: Minimum 6.5 - 7.0 overall (no band below 6.0).
- TOEFL iBT: 86-100 overall with minimum section scores as per university.
- PTE Academic: Generally 60–65.
- Some schools may waive this if you studied in English-medium institutions for 3 years.
Application Process
Follow these steps to make your MBA in finance in Canada application process hassle-free:
- Choose universities and check their eligibility and deadlines.
- Take required tests like GMAT/GRE and IELTS/TOEFL.
- Prepare documents – SOP, LORs, transcripts, resume.
- Apply online and pay the application fee.
- Wait for results, accept the offer, and apply for a student visa.
Required Documents for MBA in Finance in Canada for Indian Students
- Academic transcripts - Bachelor’s degree
- GMAT or GRE scorecard - if required by university
- English language test score - IELTS, TOEFL or PTE
- Statement of Purpose (SOP) - outlining your goals and reasons for choosing MBA program
- Letters of Recommendation (LORs) - 2 from academic or professional referees.
- Updated Resume/CV - with academic, work and extracurricular details
- Proof of work experience - offer letters, pay slips or experience letters
- Passport copy - valid at least till end of course duration
- Proof of funds - for visa, bank statements, loan approval
Visa Application Timeline for MBA in Finance in Canada
- Accept Offer: After receiving admission (Nov–May), accept and pay the deposit.
- Prepare Documents: Collect passport, offer letter, financial proof, SOP, IELTS/TOEFL score, etc.
- Apply for Study Permit: Apply online via IRCC, 3-4 months before your course begins. Use SDS for faster results
- Biometrics: Schedule and complete biometrics within 1-2 weeks after applying.
- Visa Processing: SDS: Around 20 days, Regular: 6-8 weeks or longer
- Receive POE Letter: Once approved, download your Port of Entry letter for travel.
Top Entrance Exams for MBA in Finance in Canada
Getting into MBA in finance in Canada is super competitive and Canadian universities judge applicants on the basis of a gamut of parameters. The first parameter in the set is the entrance examinations. Applicants must have a valid score in following exams to secure their seat in top Canadian universities:
Exam | Purpose | Score Validity |
GMAT | • Tests math, English and logic skills • Needed for most MBA programs | 5 years |
GRE | • Tests reasoning and writing skills • Some MBA programs accept it | 5 years |
IELTS | • Checks English skills in reading, writing, listening, speaking | 2 years |
TOEFL | • How well you understand and use English | 2 years |
PTE Academic | • Assesses English | 2 years |
MBA in Finance in Canada: Cutoff
MBA in Finance in Canada cutoff is not rigid but it shows a bar that you need to cross if you are eager to secure your seat in MBA in Finance in Canada. Take a glance at this table that lists entrance exams and their expected scores:
Component | Cutoff |
GMAT Score | 550 - 700 |
GRE Score | 300 - 320 (Verbal + Quant combined) |
GPA (on 4.0 scale) | 2.7 - 3.3 |
IELTS | 6.5 overall (no band less than 6.0) |
TOEFL iBT | 86 - 100 |
PTE Academic | 58 - 65 |
Work Experience | 1-3 years (some programs accept fresh graduates) |
MBA in Finance in Canada: Syllabus
In this section, we will provide a clear-cut breakdown of MBA in Finance in Canada syllabus
Core Subjects of MBA in Finance in Canada
- Managerial Economics
- Financial Accounting
- Marketing Management
- Strategic Management
- Organizational Behaviour
- Operations Management
- Business Analytics
- Corporate Finance
- Business Ethics and Law
- Leadership and Team Management
Electives of MBA in Finance in Canada
- Investment Analysis and Portfolio Management
- Financial Modelling and Valuation
- International Financial Management
- FinTech and Innovation
- Risk Management and Insurance
- Mergers and Acquisitions
- Banking and Treasury Operations
- Behavioural Finance
- Advanced Corporate Finance
MBA in Finance in Canada: Course Structure
Look at this table for quick comprehension of the course structure of MBA in Finance in Canada
Component | Details |
Duration | • 1.5 to 2 years (Full-time) |
Core Courses | • Managerial Economics • Financial Accounting • Marketing Management • Organizational Behaviour |
Finance Specialization Courses | • Corporate Finance • Investment Analysis • Financial Modelling • Risk Management |
Electives | • FinTech • International Finance • Mergers and Acquisitions • Portfolio Management |
Capstone / Final Project | • Business Strategy Simulation • Applied Finance Project |
Internship / Co-op | • Optional or mandatory based on program • Usually lasts 3-6 months |
Delivery Mode | • On-campus • Some universities offer hybrid or online options |
Assessment | • Exams • Case studies • Group projects • Presentations |
Canadian Scholarships for MBA in Finance
You should not need to worry about the financial burden in the way of your dreams because MBA in Finance in Canada scholarships are here to cover and share the load. These scholarships cover partial or full tuition fees based on your academic rigor and make your abroad journey economical:
- Vanier Canada Graduate Scholarships
- Canada Graduate Scholarships
- Ontario Graduate Scholarship (OGS) Program
- Rotman School of Management Scholarships
- Schulich School of Business Scholarships
- UBC Sauder School of Business Scholarships
- Smith School of Business Scholarships
- Haskayne Business School Scholarships
- Ivey MBA Scholarships
- Alberta MBA Scholarships
- Forté Foundation Scholarship
- MPOWER MBA Scholarships
- Rotary Foundation Global Grants
- Commonwealth Master's Scholarships
Cost of living for MBA students in Canada for Indian Students
The table highlights the cost of living in Canada for MBA students:
Expenses | Annual Cost (CAD) | Annual Cost (INR) |
Accommodation | 16,800 | ₹10 Lakhs |
Food | 3,480 | ₹2 Lakhs |
Transport | 1,200 | ₹73,000 |
Internet | 1,032 | ₹63,000 |
Books and Supplies | 2,160 | ₹1 Lakhs |
Miscellaneous | 4,800 | ₹3 Lakhs |
Job Prospects After MBA in Finance in Canada
Reports highlight that the MBA Finance jobs will rise steadily in the upcoming decade in the global job market. It opens a plethora of career scope for MBA students in Canada. Salaries of MBA in Finance in Canada are the highest when compared to other business degrees. Look at the table below for average salaries of different roles after MBA in Finance in Canada:
Job Role | Salary (CAD) | Salary (INR, approx.) |
Average Starting Salary | 90,000 | ₹57 lakhs |
Median Salary | 80,000 | ₹50 lakhs |
Finance Manager | 93,000 | ₹56 lakhs |
Financial Analyst | 90,000 | ₹57 lakhs |
Management Consultant | 95,000 | ₹60 lakhs |
Project Manager/Business Analyst | 89,000 | ₹56 lakhs |
MBA in Finance in Canada: Conclusion
The dream of achieving a high-impact career in the financial world is now feasible with MBA in Finance in Canada. Post-study work options, solid industry network and qualified B-schools make Canada a hub for your Masters education. If you are serious about networks and numbers, Canada is the place where your finance journey should begin.
Frequently Asked Questions
Ques. Can I do a part-time MBA in Finance in Canada?
Ans. Yes. Schools like York University, UBC and Concordia offer part-time formats. It is perfect if you want to work side-by-side or just need flexibility.
Ques. How do I choose the right MBA Finance program?
Ans. Depends on what you're after. Is it job goals, budget, city vibe, course structure? Then try checking placements, faculty, and whether co-op is included. These points will help you to make informed decisions.
Ques. Is MBA in Finance same as Master’s in Finance?
Ans. No. MBA is broader because you study all business areas with finance focus. Masters in Finance is more technical, deep dive into financial theory and tools so you need to choose according to your interest and future goals.
Ques. How do Canadian MBA Finance programs compare to the US?
Ans. Evidently, Canada is more cost-friendly and immigration-friendly. US may have more global brand names but Canada’s catching up with ROI and post-study work rights.
Ques. Any good MBA Finance programs in Vancouver, Montreal or Toronto?
Ans. Yes. UBC Sauder in Vancouver, McGill Desautels and Concordia John Molson in Montreal and Rotman or Schulich in Toronto are all big names for MBA in Finance in Canada.