Master of Accounting is 8 months to 2 years course and the program is offered by some of the top universities in Canada. The program is generally offered as a master of accounting, master of professional accounting, Master of Science in Accounting, etc.
The tuition fee for the program in Canadian top universities ranges from $10,000 to $44,000 for a year. In the case where the program duration is less than a year, the tuition fee is for the whole program.
Accounting and auditing are among the professional disciplines with the greatest immigration prospects. International graduates travel to Canada to take advantage of advanced accounting and related courses.
In Canada, the scope post-Master in Accounting saw a 10% increase in job opportunities and satisfaction for those working in this field. In Toronto, Canada, there are over 1,800 employment openings for Master in Accounting graduates. This indicates that it is one of Canada's fastest-growing industries.
Graduates of the program are eligible to sit for licensure examination to be registered as a certified public accountant and are hired by top companies for a number of different roles related to finance and accounting.
The average salary of a Master of Accounting in Canada is $73,000 per year.
Why study Master of Accounting in Canada?
- Provides a pathway for international students to be registered as a CPA in Canada
- Rigorous training and learning opportunity due to increasing demand for students with a MAcc degree in Canadian multinational companies
- Experiential learning opportunities through internships and co-ops.
- Accredited programs
- Canadian University offers programs fulfilling the requirement of CPA professional education program requirement
Master of Accounting in Canada: Universities
Given its numerous job prospects, scholarship chances, and world-class educational institutions, Canada is the best place to study accounting. A degree from a top Canadian university qualifies you for work chances not only in Canada, but all across the world.
Master of accounting in Canada is offered by some of the top universities. There are nuances in the program offered by different universities, however, most of the programs make graduates eligible to sit for the licensure examination to be a Certified Public Accountant.
The following is a list of top Canadian universities that provide excellent accounting and finance programs:
Rank |
Universities |
Program |
Course Duration |
26 |
University of Toronto |
Master of Accounting and Finance |
16 months |
126 |
University of Alberta-Alberta School of Business |
Master of Accounting |
2 years |
149 |
University of Waterloo |
Master of Accounting (MAcc) |
8 months |
240 |
Queen's University at Kingston |
MSc in Accounting |
1 year |
298 |
Simon Fraser University |
Master of Science in Accounting with Cognitive Analytics |
20 months |
458 |
University of Saskatchewan |
Master of Professional Accounting (M.P.Acc) |
1.5 years |
494 |
York University-Schulich School of Business |
Master of Accounting |
1 year |
581-590 |
University of Guelph |
Master of Management and Professional Accounting |
1.5 – 2 years |
591-600 |
Université du Québec |
Master of Accounting |
|
601-650 |
Carleton University |
Master of Accounting |
16 months |
1001 - 1200 |
Brock University - Goodman School of Business |
Master of Accounting |
7 months |
Master of Accounting in Canada: Requirements
University of Toronto
- Appropriate undergraduate degree
- Documentation of the assessment of your education by the Chartered Professional Accountants (CPA) association to ensure that the applicant meets the requirement to take on the program
- For English language proficiency: IELTS score of 7.0 overall or TOEFL score of 100 overall
University of Waterloo
- Applicants must have completed a four years bachelor's program with at least 75% in bachelor of accounting, bachelor of math, or Bachelor of Science program.
- A TOEFL score of 90 overall with at least 25 in writing and speaking or an IELTS score of 7.0 with no less than 6.5 in writing and speaking or a PTE score of 63 overall with at least 65 in writing and speaking
Mc Master University
- Honours (4 year) bachelor degree or equivalent in any discipline with a minimum B+ average (equivalent to a McMaster GPA of 8.5) from an accredited university
- Prefer minimum of one term each of university-level calculus, algebra, and statistics.
- Minimum GMAT score of 600 or the GRE equivalent.
- IELTS Score 6.5 minimum of 6.0 in each of the four components (Reading, Writing, Speaking, Listening)
University of Saskatchewan
- A four-year undergraduate degree with no less than 70% in the final two years of study
- Applicants must also demonstrate proficiency in Canadian accounting principles by completing university-level courses as indicated by the Canadian Institute of Chartered Professional Accountants
- An IELTS score of 6.5 overall with at least 6.0 in each band or a TOEFL score of 86 overall with no less than 19 in each section or a PTE score of 63 overall and at least 59 in each section.
Beedie School of Business
- A four-year undergraduate degree with a cumulative grade point average of at least 3.0
- Minimum GMAT score of 550. We also accept the GRE exam (minimum score of 155 in each section
- A TOEFL score of 93 overall with at least 20 in each section or an IELTS score of 7.0 overall or a PTE score of 65 overall.
Carleton University
- A four years bachelor's degree with at least 70%
- At least 60% in courses mandated by CPA for entry into the Master of Accounting Program in Canada
- A TOEFL score of 86 overall with at least 20 in listening and reading and 22 in speaking and writing or an IELTS score of 6.5 overall with at least 6.0 in each section or a PTE score of 60 in each skill.
Brock University - Goodman School of Business
- Completion of bachelor of accounting at Goodman School of Business at Brock University with a GPA of 75%
- An IELTS score of 7.5 overall with at least 6.5 in each section or a TOEFL score of 105 with at least 21 in reading, listening, and speaking and 24 in writing or a PTE score of 72 overall with at least 60 in each skill
York University-Schulich School of Business
- International applicants with a bachelor's degree from a university outside of Canada must first complete a Diploma in Intermediate Accounting program of 8 months before gaining entry into the Master of Accounting Program
- GRE or GMAT score is required
- An IELTS score of 7.0 overall with at least 6.5 in each section or a TOEFL score of 100 overall with at least 23 in each skill.
Master of Accounting in Canada: Tuition Fee
The cost of a year's tuition at one of Canada's best colleges ranges from $10,000 to $44,000. When a program lasts less than a year, the tuition cost covers the entire period of the program.
Universities |
Fee per year (CAD) |
University of Toronto |
$58,160 |
University of Alberta-Alberta School of Business |
$25,704 |
University of Waterloo |
$43,426 |
Mc Master University |
$53,694 |
University of Saskatchewan |
$20,000 |
York University-Schulich School of Business |
$59,500 (Est Program Total) |
Beedie School of Business (SFU) |
$50,111 |
Carleton University |
$28,000 |
Brock University - Goodman School of Business |
$30,870 |
Master of Accounting in Canada: Scholarships
Many scholarships are offered to pursue the best universities for accounting and finance in Canada, including a lot of university-specific, privately supported and government-funded scholarships available for international students.
It should be noted that Scholarships for international students interested in studying in Canada are limited, very competitive, and largely accessible at the postgraduate level.
The following table shows a glimpse of scholarships and awards to international students in Canada.
University |
Scholarship |
Amount |
University of Toronto |
Dean’s List |
Varies |
Graduation Award |
||
University of Alberta-Alberta School of Business |
KPMG Jim Walker Memorial Scholarship in Accounting |
$2000 |
Michael Maier Graduate Scholarship in Accounting |
$1800 |
|
University of Waterloo |
International Master’s Award of Excellence (IMAE) |
$2500 |
Queen's University at Kingston |
Entrance Scholarship |
Varies |
Simon Fraser University |
Major Graduate Entrance Scholarship |
NA |
University of Saskatchewan |
Master of Professional Accounting Scholarship |
Up to $5000 |
York University-Schulich School of Business |
Schulich International Grant |
Varies |
Master of Accounting in Canada: Job Scope
After earning a master's degree in finance, you can find several work prospects in Canada. If you are an international student interested in pursuing a Master of Finance degree, Canada is one of the most popular places to study.
Canada attracts international students from all over the world because of its world-class colleges, global industry exposure, and world-class recruiters. For international graduates who have completed their degrees in Canada, the job prospects are outstanding.
The average salary with a Master of Accounting in Canada is $73,000 per year.
We have list out some of the best role for the student graduating in masters in accounting and finance:
Role |
Range of Salary |
Average Salary |
Senior Accountant |
$51,000 - $81,000 |
$63,956 |
Financial Analyst |
$50,000 - $84,000 |
$65,646 |
Accountant |
$40,000 - $73,000 |
$54,208 |
Financial Controller |
$61,000 - $113,000 |
$83,965 |
Senior Financial Analyst |
$59,000 - $96,000 |
$76,858 |
Chief Financial Officer |
$106,000 - $237,000 |
$156,874 |
Staff Accountant |
$36,000 - $60,000 |
$46,908 |
Accounting Manager |
$53,000 - $99,000 |
$72,658 |
Senior Auditor |
$51,000 - $93,000 |
$67,861 |
Finance Manager |
$58,000 - $108,000 |
$81,516 |
Tax Manager |
$70,000 - $110,000 |
$87,543 |
Certified Public Accountant |
$47,000 - $89,000 |
$63,816 |
Corporate Controller |
$80,000 - $146,000 |
$110,049 |
Forensic Accountant |
$53,000 - $131,000 |
$82,966 |
Property Accountant |
$45,000 - $71,000 |
$56,315 |