Masters In Finance in Canada

Masters In Finance in Canada

Masters In Finance in Canada
Sailesh Sitaula

Are you interested in pursuing a Masters in Finance in Canada? This comprehensive guide is here to provide you with all the essential information you need to know about this esteemed program. 

From the benefits of studying finance in Canada to the top universities offering this degree, we've got you covered. Let's dive into the world of Masters in Finance in Canada and explore the incredible opportunities that await you!

What is a Masters in Finance?

Before we delve into the specifics of studying finance in Canada, let's start with a basic understanding of what a Master's in Finance entails. A Master in Finance is a postgraduate program that focuses on providing students with in-depth knowledge and skills in finance. This degree equips individuals with a strong foundation in financial theory, quantitative methods, and practical applications.

Why Choose Canada for Masters in Finance?

Canada has emerged as a leading destination for international students seeking quality education. The country is renowned for its world-class universities, diverse culture, and welcoming environment. When it comes to pursuing a Master's in Finance, Canada offers numerous advantages. Here are some compelling reasons to consider studying finance in Canada:

  1. Quality Education: Canadian universities are globally recognised for their academic excellence and rigorous curriculum. Pursuing a Master's in Finance from a Canadian institution will provide a solid education and a competitive edge in the job market.
  2. Diverse Cultural Experience: Canada is known for its multiculturalism, allowing international students to interact with people worldwide. This diverse cultural experience enriches your personal growth and broadens your global perspective.
  3. Internationally Recognized Degrees: A Master's in Finance degree from a Canadian university holds high esteem worldwide. It demonstrates your proficiency in finance and enhances your employability in Canada and internationally.
  4. Career Opportunities: Canada has a thriving financial sector with numerous career opportunities. Major cities like Toronto, Vancouver, and Montreal are home to many multinational corporations, financial institutions, and investment firms. Studying finance in Canada opens doors to internships, networking, and potential employment in these thriving financial hubs.
  5. Post-Graduation Work Permit: After completing your Master's in Finance in Canada, you may be eligible for a post-graduation work permit to gain valuable work experience there. This can be a stepping stone towards permanent residency and a successful career in Canada.

Universities in Canada for Masters in Finance

Given below is a table of the top universities in Canada and the range of Master in Finance programs they offer with admission deadlines:

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Programs Offered 

Tuition Fees (CAD)

Admission Deadlines

University of Toronto

Master of Finance 


Round 3: Apr 26, 2023

Round 4: July 19, 2023

University of British Columbia

MS in Business Administration (Finance)


March 14, 2023

University of Waterloo

Master of Quantitative Finance 


January 15, 2023 (Closed)

McGill University

Master of Management in Finance | MBA Finance


January 15, 2023 (Closed)

University of Alberta

MBA Finance | Master of Financial Management | MA in Economics and Finance


September Intake Deadline: Apr 1, 2023

January Intake Deadline: Sep 15, 2023

Queen’s University 

Master in Finance 


Fall: Mar 1, 2023 (Closed)

Winter: Sep 15, 2023

Universite de Montreal

MS in Finance 


Fall: Mar 1, 2023 (Closed)

Winter: Sep 15, 2023

Concordia University

MS in Finance


Fall Deadline: Feb 1, 2023 (Closed)

York University

Master of Finance


Summer 2023 Deadline: Mar 15, 2023

Fall 2023 Deadline: Aug 15, 2023

Eligibility requirement 

Here is the list of the minimum language requirements for top universities for finance in Canada.


Required Scores

Other Requirements

University of Toronto

GPA: 3.00 | IELTS: 7.0 | GMAT: 670 

2 LORs, 1 Essay in 250 words, interview 

University of British Columbia

GPA: 3.33 | IETLS: 7.0 | GMAT: 550 or GRE: 310

3 LORs and Statement of interest, 

University of Waterloo

GPA: 2.50 | IELTS: 7.5 | GMTA/GRE: Not Required

3 LORs, interview

McGill University

GPA: 3.69 | IELTS: 6.5 | GMAT: 667

2 LORs, Essay in 500 words, 

University of Alberta

GPA: 3.00 | IELTS: 7.0 | GMAT: 550 or GRE: 310

2 LORs, statement of intent in 1-2 pages, interview

Queen’s University

GPA: 3.70 | IELTS: 6.5 | GMTA/GRE: Not Required

2 LORs, Resume, two years of work experience, interview 

Universite de Montreal

GPA: 3.00 | IELTS: 7.5 | GMAT: 630 or GRE: 306

LORs, resume 

Top Universities Offering Masters in Finance in Canada

When it comes to choosing the right university for your Master in Finance, Canada offers a plethora of options. Here are some renowned universities known for their exceptional finance programs:

1. University of Toronto

The University of Toronto's Rotman School of Management offers a highly respected Master of Finance program. With a rigorous curriculum and renowned faculty, this program prepares students for leadership roles in finance.

2. McGill University

McGill University's Desautels Faculty of Management offers a specialised Master of Management in Finance. This program gives students a comprehensive understanding of finance and its application in various industries.

3. Western University

Western University's Ivey Business School offers a Master of Science in Management, specialising in Finance. This program combines rigorous coursework with experiential learning opportunities, equipping students with real-world financial skills.

4. Queen's University

Queen's University's Smith School of Business offers a Master of Finance program for individuals seeking careers in finance. The program emphasises critical thinking, analytical skills, and ethical decision-making.

5. University of British Columbia

The University of British Columbia's Sauder School of Business offers a Master of Management in Finance program that provides students with a solid foundation in finance theory and practice. This program also offers networking opportunities with industry professionals.

FAQs about Masters in Finance in Canada

1. What are the admission requirements for a Master in Finance in Canada?

The admission requirements for a Masters in Finance program may vary depending on the university. However, common prerequisites include a bachelor's degree, satisfactory GMAT/GRE scores, letters of recommendation, a statement of purpose, and proof of English language proficiency.

2. Can international students apply for scholarships for Masters in Finance in Canada?

Many Canadian universities offer scholarships and financial aid opportunities for international students pursuing a Master's in Finance. Exploring the university's website or contacting the admissions office for detailed information on available scholarships is advisable.

3. What career prospects are available after completing a Master's in Finance in Canada?

A Master's in Finance opens up various career opportunities in various sectors, including investment banking, financial consulting, risk management, corporate finance, and asset management. Graduates may find employment in banks, financial institutions, multinational corporations, and government agencies.

4. How long does it take to complete a Master's in Finance in Canada?

The duration of a Masters in Finance program in Canada typically ranges from 12 to 24 months, depending on the university and program structure.

5. Is work experience required for a Master's in Finance in Canada?

While work experience is optional, having prior experience in finance or a related field can enhance your application and give you a competitive advantage during admissions.

6. Can international students work part-time while studying for a Master's in Finance in Canada?

International students with valid study permits can work part-time on or off-campus while pursuing their Master's in Finance in Canada. However, certain restrictions and guidelines may need to be followed.


Pursuing a Master's in Finance in Canada can be a transformative journey that equips you with the knowledge and skills to thrive in the financial industry. With its world-class universities, diverse culture, and abundant career opportunities, Canada provides an ideal environment for international students seeking a quality education and a promising future. So, why wait? Start exploring the possibilities and embark on your path to success in finance by considering Master in Finance programs in Canada!

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