Commerce focuses on exchanging products and services between suppliers and customers. It explores various topics, from investment to buying and selling, from packaging and distributing products to supply and demand, from making a profit to sustainable business practices, and everything in between.
The primary commerce sectors in Canada are trade, transportation, warehousing, insurance, banking, advertising, and marketing. Some of these branches are distinct sub-disciplines of commerce, while others, such as marketing, banking, or advertising, are separate disciplines that fall under the more significant business category.
Programs are offered as a stand-alone degree at the undergraduate level. At the master’s level, a commerce degree includes subjects like Business Analytics, Organizational Behavior, Financial Accounting, Statistics, Marketing, Micro and Macroeconomics, Business Communication, Principles of Economics, Branding, etc. The average salary for a bachelor's degree in commerce in Canada is CAD 59,000 annually.
Management schools in Canada are ranked based on various criteria, including academic reputation, employer reputation, and research impact. The table below provides a list of the top commerce universities in Canada.
Rank |
University |
26 |
University of Toronto |
27 |
McGill University |
46 |
University of British Columbia |
126 |
University of Alberta |
140 |
McMaster University |
230 |
University of Ottawa |
235 |
University of Calgary |
240 |
Queen’s University at Kingston |
272 |
Dalhousie University |
334 |
University of Victoria |
Top Commerce University in Canada: Bachelor of Commerce
A bachelor's in commerce is an undergraduate degree that typically takes four years. A Bachelor in Commerce Degree is primarily a business qualification that aims to provide students with various managerial and general business abilities, including finance, project management, human resources, accounting, and economics.
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Here is a list of undergraduate degrees in commerce offered by some of the top universities in Canada:
University |
Program |
Course Duration |
University of Toronto |
Bachelor of Commerce |
4 years |
McGill University |
Bachelor of Commerce |
4 years |
University of British Columbia |
Bachelor of Commerce |
4 years |
University of Alberta |
Bachelor of Commerce |
3 years |
McMaster University |
Bachelor of Commerce |
4 years |
University of Ottawa |
Bachelor of Commerce |
4 years |
University of Calgary |
Bachelor of Commerce |
4 years |
Queen’s University at Kingston |
Bachelor of Commerce |
4 years |
Dalhousie University |
Bachelor of Commerce |
4 years |
University of Victoria |
Bachelor of Commerce |
4 years |
Admission Requirement
Academic Requirement:
- A higher secondary education certificate
- A minimum score of 75 to 90 %
- Must have completed courses in English, Math or calculus and three other subjects
English language Requirement:
- An IELTS score of 6.5 overall with no less than 6.0 in each band
- A PTE score of 65 overall, with at least 60 in each section
- A TOEFL score of 90 to 100 overall
Document Checklist
- Transcript of higher secondary education
- Proof of English language proficiency
- Resume
- Personal Statement
- References
Common fields of specialization within commerce:
There are many specializations in the field of commerce in Canada. Some of the standard fields of specialization available are as follows:
- Finance
- Accounting
- Marketing
- Business Analytics
- Strategy
- Economics
- Human resources
- International Business
- Risk management
- Operations management
- Sales
- Supply chain management
- Information systems
Top Commerce University in Canada: Bachelor of Commerce (Tuition fee)
Tuition fees for international students for Bachelor of Commerce in Canada are as follows:
University |
Tuition Fee |
University of Toronto |
$60,372 |
McGill University |
$63,693 |
University of British Columbia |
$53,254 |
University of Alberta |
$35,700 |
McMaster University |
$44,490 |
University of Ottawa |
$46,296 |
University of Calgary |
$34,599 |
Queen’s University at Kingston |
$51,275 |
Dalhousie University |
$24,495 |
University of Victoria |
$30,831 |
Top Commerce University in Canada: Master of Commerce
Postgraduate degrees in Commerce in Canada are offered as specialisations in Business Administration, Business Analytics, Financial Management, etc.
A Master's degree is a specialised degree offered after a bachelor’s degree in commerce. The course duration for the program is generally 1 year, while some universities also offer a two-year course.
The tuition fee for a Master of Commerce in Canada ranges from $13,000 to $99,000 per annum, depending on the university. Here is a list of post-graduate courses in commerce offered by top universities in Canada:
University |
Program |
Course Duration |
University of Toronto |
Master of Management in Analytics |
11 months |
McGill University |
Master of Business Administration |
12 months |
University of British Columbia |
Master of Business Analytics |
12 months |
University of Alberta |
Master of Financial Management |
2 year |
McMaster University |
Master of Finance |
16 months |
The University of Ottawa |
MSc in Management |
2 years |
The University of Calgary |
Master in Business Administration |
16 months |
Queen’s University at Kingston |
Master of International Business |
1 year |
Admission Requirement
Academic Requirement:
- A four-year Bachelor's degree in the related field.
- A minimum GPA of 3.0.
English language Requirements:
- An IELTS score of 6.5 to 7.0 overall, with no less than 6.0 in each band
- A PTE score of 69 overall with at least 64 in each section
- A TOEFL score of 90 to 100 overall
Document Checklist
- Transcript of higher secondary education
- Transcript of undergraduate level
- Proof of English language proficiency
- Resume
- Personal Statement
- References
Top Commerce University in Canada: Master of Commerce (Tuition fees)
Tuition fees for international students for related postgraduate degrees in Commerce in Canada are as follows:
University |
Tuition Fees |
University of Toronto |
$72,630 |
McGill University |
$99,500 |
University of British Columbia |
$60,247 |
University of Alberta |
$28,281 |
McMaster University |
$53,694 |
University of Ottawa |
$22,600 |
University of Calgary |
$13,597 |
Queen’s University at Kingston |
$51,649 |
Top Commerce University in Canada: Scholarships
Various scholarships, grants, and bursaries are awarded to international students every year. Scholarships may be need-based or merit-based.
Here is a list of general and departmental scholarships awarded to international students in Canada:
University |
Awards |
Amount |
University of Toronto |
The University of Toronto International Scholar Award |
$40,000 in the first year and $20,000 in the second, third and fourth year |
International Merit Admission Award |
$50,000 |
|
University of Calgary |
Alastair H. Ross Memorial Scholarships |
$3000 |
Canada Graduate Scholarships – Master’s program |
$17,500 |
|
McGill University |
Herschorn H E Graduate Award |
$4,800 |
Rio Tinto - Richard Evans Graduate Fellowships |
$20,000 |
|
McMaster University |
Entrance Scholarships |
$1,000 to $20,000 |
Top Commerce University in Canada: Scope
A degree in Canada in commerce will open doors to the most lucrative and highest-paying positions in various companies worldwide. The average salary for a master’s degree in commerce is CAD 62,000 annually.
After earning a degree in commerce in Canada, students can work as marketing managers, business development managers, risk analysts, business analysts, operational managers, accountants, project managers, financial analysts, sales managers, and many other managerial jobs in the private and public sectors.
Additionally, they can work in both public and private firms' corporate finance departments, venture capital, private equity, and corporate banking.
Top Recruiters:
- BMO
- Canadian Tire
- FreshBooks
- Government of Ontario
- Hudson's Bay Company
- IG Wealth Management
- Maccabi
- Payments Canada
- Rogers
- Scotiabank
- TD Bank
- Teranet
- Unilever
- Unity Health
- Veeva
Role |
Range of Salary |
Average Salary |
Financial Analyst |
C$46k - C$76k |
C$59,027 |
Financial Controller |
C$64k - C$109k |
C$84,015 |
Accountant |
C$40k - C$70k |
C$51,111 |
Marketing Coordinator |
C$38k - C$57k |
C$45,978 |
Marketing Manager |
C$43k - C$89k |
C$61,836 |
Human Resources (HR) Coordinator |
C$39k - C$57k |
C$47,160 |
Marketing Specialist |
C$44k - C$69k |
C$55,973 |
Chief Financial Officer (CFO) |
C$98k - C$199k |
C$141,862 |
Staff Accountant |
C$38k - C$58k |
C$46,282 |