A Master's degree in commerce in Canada is a 1-2 years postgraduate course offered as a professional or academic degree. Canada's colleges and universities are world-class because the country invests much more in research and education. 

Students interested in pursuing a Master's degree in commerce in Canada with associated disciplines in Business, Economics, and Administration can benefit from the exciting mix of top-tier academic accomplishments in Canada. 

They will also benefit from living in a nation with a high per capita income, breathtaking landscape, welcoming people, and various personal and professional development opportunities.

Most courses of Master of Commerce in Canada will give students a comprehensive foundation in economics and business, as well as in-depth study in their area of concentration through rigorous curricula.

The annual tuition expense for a Master of Commerce at a Canadian university is roughly 56,000 CAD. Given the significant expenditures involved, one of the biggest concerns is the course's return on investment. 

Graduates with Masters's's in Commerce have vast employment opportunities in finance, supply chain management, consulting, accounting, and public administration.

Why Study Master of Commerce in Canada?

• Canadian institutions are usually distinguished from other worldwide institutions owing to their academic superiority. They are the alluring member of the global highest-ranking lists, where they consistently rank first.
• Master of Commerce graduates earn an average of 75,000 CAD a year
• Students from all across the world are interested in furthering their education in Canadian universities because of their demanding academic standards and modern teaching approaches
• In Canada, foreign students can receive up to 70% of their tuition paid in the form of scholarships and bursaries
• The scope after a Master of  Commerce in Canada is immense and diverse. Various sectors offer a wide range of jobs, and the rate of job placement is increasing year by year

Top Universities for Studying Master of Commerce in Canada: Global Ranking and Program Offered         

Canada is one of the world's top countries offering varieties of master's degree programs and courses. Several universities in Canada, including the University of Toronto, the University of British Columbia, and McGill University, are ranked among the top 50 in the QS World University Rankings 2022.

Top Commerce Universities QS World University Rankings by Subject 2023:

Top Commerce University in Canada

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Top Universities for Master of Commerce in Canada: Tuition Fees and Course Duration

The tuition fees for a Master of Commerce degree in Canada varies based on the specialised sector, coursework, research, and on-the-job experience learning resources. 

Here is a compiled list of programs offered under Master of Commerce degree programs and course duration at some of Canada's leading institutions.

Master of Commerce in Canada: Tuition fee:

Master of Commerce in Canada: Admission Process and Requirements

If you want to apply for admission to Canadian universities to pursue a Master' degree, the following documents must be provided.

• English Language Proficiency Scores (IELTS, TOFEL, PTE, CAEL) 
• Standardised Test Scores (SAT or ACT), if needed
• Scores on the GRE/GMAT (If required)
• Statement of Purpose (SOP)
• Transcripts of Previous Universities' 
• Study Permits
• Curriculum Vitae
• Passport
• Recommendation Letter
• Fees for applications

Note: These are overall, or you can say, general criteria for enrolling in various programs across the country; extra-specific requirements may vary based on university protocols.

University-Specific Entry Requirements

University of Toronto: Master of Commerce

The University of Toronto (U of T) is a highly regarded public university in Toronto and a global leader in higher education and research. This three-campus university (St. George, Mississauga, and Scarborough) educates about 93,000 foreign students, including over 23,000. This University offers a wide range of management programs such as a master's in marketing, a Marketing MBA, etc.

Requirements for admission

• A four-year honours program Bachelor's degree (or equivalent) with a B average (73-75%) in the final two years of undergraduate studies
• IELTS: Minimum of 6.5
• TOFEL: Minimum of 89
• PTE-A: Minimum of 60
• Transcript from all of the attended graduate and undergraduate universities
• Personal statement detailing interest and goals in the desired program
• 2 references, with an option for a third reference. 
• The preferred scores are 550 (GMAT) or 55th percentile in all sections (GRE). The GMAT or GRE is a requirement for all applicants. 
• Professional resume enlisting the work experience or training relevant to the graduate degree program.

University of British Columbia: Master of Commerce

The University of British Columbia is a global teaching, learning, and research centre routinely ranked among the world's top 20 public institutions. The University of British Columbia values innovation and turns ideas into action. UBC has provided opportunities for people with the curiosity, ambition, and vision to make a better world since 1915.

Requirements for admission

• A four-year honours program Bachelor's degree (73-75%)
• IELTS: 7.0
• TOFEL: 100
• PTE-A: 70
• CAEL (Canadian Academic English Language Test) minimum overall score of 70
• Transcript from all of the attended graduate and undergraduate universities
• Personal statement detailing interest and goals in the desired program
• 2 references, with an option for a third reference. 
• GMAT: 550, GRE: 155
• Professional resume enlisting the work experience or training relevant to the graduate degree program.

University of Calgary: Master of Commerce

The University of Calgary is among Canada's leading detailed research institutions. The institution, founded in 1966, serves overseas students from 155 nations. The university has five campuses and fourteen faculties. Overseas students account for 10% of the undergraduate student body and 25% of the graduate student population at the University of Calgary. The University offers programs such as Master of business administration, executive master of business administration, etc.

Requirements for admission

• A four-year Bachelor's degree in the related field with a minimum of 3.0 GPA.
• IELTS: Score of 6.5 with no section less than 6.0 (Academic version).
• TOFEL: score of 86 with no section less than 20 (Internet-based) or 560 (paper-based).
• PTE-A: Minimum of 59
• CAEL (Canadian Academic English Language Test) scored 70, with no component scoring less than 60.
• Transcript from all of the attended graduate and undergraduate universities
• Personal statement detailing interest and goals in the desired program
• 2 references, with an option for a third reference. 
• Professional resume enlisting the work experience or training relevant to the graduate degree program.

Western University: Master of Commerce

Western University ranks top 1% of higher education institutions worldwide. It is a founding member of U15 - Canada's most prestigious research institution, with 41,940 students enrolled, including over 4,493 foreign students from 129 countries.

Western provides a stimulating and friendly work environment too. Because Western offers such a diverse range of employment, there are several options for career advancement and exploration. Many full-time Western employees are eligible for educational support to help them acquire a degree or learn a new skill to improve their job possibilities and enrich their lives.

Requirements for admission

• A four-year honours program Bachelor's degree (or equivalent) with a B average (73-75%) in the final two years of undergraduate studies
• IELTS: 6.5
• TOFEL: 86
• Canadian Academic English Language Assessment (CAEL): 60
• Duolingo English Test: 115
• PTE-A: 60
• Transcripts from all of the attended graduate and undergraduate universities
• Personal statement detailing interest and goals in the desired program
• 2 references, with an option for a third reference. 
• GMAT: 550
• Professional resume enlisting the work experience or training relevant to the graduate degree program.

Queen's University: Master of Commerce

Queen's University's Smith School of Business has received international acclaim for its unique methods to business education. It has been a pioneer in the fields of team-based and experiential learning in the field of Commerce.

Smith's old high school, Queen's University, has a long academic history from 1841. Queen's University, located in Kingston, Ontario, one of Canada's most lively little cities, is frequently ranked among the top universities in the country.

Requirements for admission

• A four-year honours program Bachelor's degree with 70-75% in aggregate
• IELTS: 6.5
• TOFEL: 88
• PTE-A: 60
• Canadian Academic English Language Assessment (CAEL): 70
• Transcript from all of the attended graduate and undergraduate universities
• Personal statement detailing interest and goals in the desired program
• 2 references, with an option for a third reference. 
• GMAT 550
• Professional resume enlisting the work experience or training relevant to the graduate degree program.

York University: Master of Commerce

York University is one of the most renowned public institutions in Toronto. York University has 11 faculties that offer programs. There are 78 undergraduate certificate programs, 92 postgraduate diploma programs, and 41 PhD programs. Accounting and finance are the most popular courses at the institution.

Requirements for admission

• A four-year honours program Bachelor's degree (or equivalent) with a B average (73-75%) in the final two years of undergraduate studies
• IELTS: 6.5
• TOFEL: 89
• PTE-A: 60
• Transcript from all of the attended graduate and undergraduate universities
• Personal statement detailing interest and goals in the desired program
• 2 references, with an option for a third reference. 
• The preferred scores are 550 for GMAT. 
• Professional resume enlisting the work experience or training relevant to the graduate degree program.

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Master of Commerce in Canada: Scholarships

Regarding the economic pressure students' families must pay, most Canadian colleges provide a wide range of financial aid, scholarships, and grants to international students. For foreign students, universities in Canada provide two categories of scholarships. One is merit-based, while the other is need-based. 

The most prominent of these scholarships offered by universities for a Master of Commerce in Canada are:

Master of Commerce in Canada: Career and Scope 

From higher educational attainment to world-class facilities, Canada is recognized as one of the best options for students wishing to study abroad. The government funds the vast bulk of schooling in Canada.

A Master of Commerce in Canada can help you to boost your profession, push yourself with academics who will extend your understanding and perspectives, and investigate real-world business challenges ethically.

Amazon, HSBC, Accenture, Oliver Wyman, Deloitte, Numera Analytics, and others are among the top employers seeking management postgraduate students. Depending on your expertise, you can work as a business development manager, project manager, management consultant, etc.

These are the Master of Commerce job roles and pay scales you may find in Canada: