Top Commerce University in Canada

Top Commerce University in Canada

Top Commerce University in Canada
Ashma ShresthaThu Aug 18 2022

Commerce focuses on exchanging products and services between suppliers and customers. It explores a wide range of 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 with 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 the 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 to complete. 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. 

Here is a list of undergraduate degrees in commerce as 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 the fields of 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

Masters 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 degree 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

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 the field of commerce will open doors to the most lucrative and highest-paying positions in various companies in the country and worldwide. The average salary with 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

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