Finance courses in Canada are well-known for their academic rigour and industry ties, which attracts students globally. Canadian universities focus on research and practical learning, boasting high employability rates in finance. Collaborations with leading firms like Apple, Google, Deloitte, and KPMG and others offer invaluable experience. Projections from the Labor Force Survey indicate a steady rise in Canada's employment rate, reaching about 62.50% in 2024 and 63.30% in 2025. Scholarships from top finance universities further enable aspiring professionals to pursue advanced studies. With historically low unemployment rates below 5%, Canada offers ample opportunities for skilled employment. Its focus on education and accessibility makes it an ideal destination for career and residency.
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Why Study Finance Courses in Canada?
Finance courses in Canada are one of the highly chosen programs among the international population. Let's find out why:
- Job opportunities: The best colleges for finance in Canada provide both domestic and international students with excellent job opportunities upon graduation. The average base salary observed for finance graduates in Canada stands at CAD 60,000 (INR 36,76,880) per annum.
- Excellent education: Providing the best infrastructure, the best finance universities in Canada such as the University of Toronto, McGill University, York University, Humber College and many more have stood out worldwide.
- Abundance of courses and specializations: Some of the best finance courses in Canada also offer students various types of specializations like professional financial services, finance planning, insurance management, financial analytics, etc., at study levels like PG and doctoral.
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Study Finance in Canada: Course Overview
Let us tabulate some key aspects of finance courses in Canada:
|
Duration |
2-5 years |
|
Level of Study |
PG/UG/Doctoral |
|
Type |
Full-time / Part-time |
|
Mode |
Online / Offline |
|
Average Tuition Fee for International Students |
CAD 20,000 (INR 12,25,620) to CAD 40,000 (INR 24,51,250) |
|
Top Universities & Colleges |
Specialisations and Degrees in Finance in Canada
Studying finance in Canada provides international students with a solid foundation of skills crucial for career growth. From mastering financial analysis to understanding global markets, a degree in finance equips students with practical knowledge essential for navigating the complexities of the financial world.
Moreover, investing in a finance degree from Canada often yields a high return on investment (ROI). The country's robust economy and thriving financial sector offer ample opportunities for graduates to secure lucrative positions and advance in their careers. Additionally, specializations within finance, such as corporate finance or investment management, allow students to tailor their education to suit their career aspirations, further enhancing their marketability in the job market.
- Financial analytics
- Management in financial strategies
- Financial strategic management
- Financial planning
- Financial risk management
- Financial planning services
Some of the most popular degree programs offered at universities in Canada are:
- MBA in finance
- BCom (Hons) -Finance
- BSC (Hons) Economics and Finance
- Master of finance
- Master of financial economics
- Master of management in finance
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Eligibility and Admission Requirements to Study Finance Courses in Canada
Let us now check out the requirements and eligibility criteria to study the best finance courses in Canada:
- Bachelor's degree
- English proficiency test scores
- GMAT or GRE Scores (GRE and GMAT scores depend on the program and university, and further details can be found out on the official website)
Minimum Educational Qualifications
One of the most basic requirements to start your application procedure to finance courses in Canada is to have academic transcripts for high school and a bachelor’s degree (when applying to PG courses). Also, Mathematics, Calculus, and English are the 3 most important subjects to have proficiency in, at the high school level.
English proficiency test scores
As international students, it is essential for you to have proof of English proficiency in terms of IELTS, TOEFL, PTE, or other tests. The minimum IELTS requirement to study finance courses in Canada for international students is a score of 6.5 or above, depending on the university/ program you choose.
GRE or GMAT Scores
The best finance universities in Canada also ask for your GMAT/GRE scores to apply for accounting courses at the PG levels.
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Application Process to Study Finance Courses in Canada
The application process for applying to some of the top finance universities in Canada has been discussed briefly below:
- Step 1: Choose your course and a university to start your finance degree in Canada.
- Step 2: Submit the application form along with the application fee.
- Step 3: Submit all the required documents, including transcripts, along with additional requirements like SOP, Resume, LORs, and proof of work experience, as asked by the particular university.
- Step 4: You may also be asked for an interview process.
- Step 5: Apply for a scholarship or financial aid, if available, at the university.
- Step 6: Wait for the admission decision.
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Top Universities Offering Finance Courses in Canada
Finance studies in Canada can be summed up as innovative, rewarding, and filled with out-of-the-box experiences. We have curated below a list of the best finance universities in Canada:
|
Universities |
Popular Programs Offered |
Duration |
Average Tuition Fee for International Students |
|---|---|---|---|
|
Graduate Certificate in Financial Planning PG Diploma in Financial Services |
1-2 years |
CAD 17,130 (INR 10,49,750) (Total) |
|
|
Masters of Financial Risk Management Master of Accounting and Finance Master of Finance |
2 years |
Master of Finance- CAD 44,740 (INR 27,41,730) (20 months) Master of Financial Risk Management- CAD 65,020 (INR 39,84,510)/ year Master of Accounting and Finance- CAD 39,570 (INR 24,24,900)/ year |
|
|
Graduate Certificate in Financial Planning Advanced Diploma in Business Administration-Finance |
8 months-2 years |
CAD 15,480 (INR 9,48,630) / 2 semesters CAD 22,785 (INR 13,96,290) / 3 semesters |
|
|
Master of Management in Finance |
2 years |
CAD 57,465 (INR 35,21,530) (total) |
|
|
BSC (Hons) Economics and Finance |
2-3 years |
CAD 19,600 (INR 12,01,110) / year |
|
|
Diploma in Financial Services Graduate Certificate in Financial Planning |
1-1.5 years (3-4 semesters) |
Diploma in Financial Services - CAD 16,414 (INR 10,05,870) / 2 semesters Graduate Certificate in Financial Planning- CAD 18,048 (INR 11,06,000) / 3 semesters (total) |
|
|
Master of Arts in Economics and Finance |
2 years |
CAD 7,875 (INR 4,82,590) / credit |
|
|
Certificate in Financial Planning Certificate in Financial Management |
1-2 years |
CAD 29,400 (INR 18,01,670) / year |
Cost of Studying Finance Courses in Canada
The tuition fees for finance courses in Canada depend entirely on the degree and study level you choose. 1-year finance courses in Canada range from CAD 10,000 (INR 6,12,810) to CAD 17,000 (INR 10,41,780). The PG level programs, lie somewhere between CAD 30,000 (INR 18,38,440) to CAD 40,000 (INR 24,51,250) per year, for a master's degree, and CAD 10,000 (INR 6,12,810) to CAD 20,000 (INR 12,25,620) per year for PG Diploma and Graduate Certificate courses.
Students should budget for the cost of living in Canada of about CAD 900 (INR 55,150) - CAD 1500 (INR 91,920) per month in addition to program fees. This estimate is based on a single person's basic needs, which include lodging, groceries, clothing, public transit, and other miscellaneous expenses
Scholarships to Study Finance in Canada
Numerous scholarships are available to pursue the best finance courses in Canada, including a lot of university-specific, privately funded, and government-funded scholarships.
Given below are some scholarships to aid your finance courses in Canada:
|
Scholarships |
Eligibility |
Award |
|---|---|---|
|
C.Douglas Mellor Prize, McGill University |
Graduate certificate in financial accounting student Outstanding academics |
CAD 2,200 (INR 1,34,820) |
|
Kenneth F Byrd Prize, McGill University |
Graduate certificate in financial accounting student Outstanding academics |
CAD 250 (INR 15,320) |
|
International Entrance Scholarships, Humber College |
International Applicants showing high academic performance |
CAD 2,000 (INR 1,22,560) |
|
Vice Chancellor Scholarship, York University |
International Applicants showing high academic performance |
CAD 10,000 (INR 6,12,810) - 20,000 (INR 12,25,620) |
|
International graduate students demonstrating high academic performance |
CAD 70,000 (INR 42,89,690) |
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Career Opportunities after Pursuing Best Finance Courses in Canada
The best finance colleges in Canada with high employability rates can get you the job of your dreams. The base salary for a finance graduate in Canada stands somewhere at CAD 60,000 (INR 36,76,880) per annum. You can also pursue further studies in the form of a master's degree or a PhD in finance.
Let us explore some career options post-graduation in finance in Canada:
- Higher education in various specializations like financial management, financial planning, etc
- Pursue Chartered Professional Accounting (CPA)
- Get employed at various corporate giants Royal Bank of Canada, Infosys, EY, KPMG, etc.
- Start a business/ venture of your own
- Become an educator in the field of finance
- Become a financial analyst, financial advisor, consultant, or investment advisor
For a better understanding of how careers post-finance in Canada look like, we have tabulated the top finance job profiles Canada, with their average salaries:
|
Job Profiles |
Average Annual Salary |
|---|---|
|
Financial Manager |
CAD 60,000 (INR 36,76,880) -100,000 (INR 61,28,130) |
|
Financial Controller |
CAD 57,000 (INR 34,93,030) -113,000 (INR 69,24,790) |
|
Project Manager |
CAD 51,000 (INR 31,25,340) -108,000 (INR 66,18,380) |
|
Financial Analyst |
CAD 45,000 (INR 27,57,660) - 78,000 (INR 47,79,940) |
|
Operations Manager |
CAD 46,000 (INR 28,18,940) -106,000 (INR 64,95,820) |
Suggested: Job opportunities in Canada for international students
From the Desk of Yocket
In conclusion, finance courses in Canada offer a blend of academic excellence, practical learning, and abundant career opportunities, making them a top choice for international students. With prestigious universities, diverse specialisations, and generous scholarships, Canada provides an ideal environment for pursuing a finance education. Whether aiming for a career in financial management, consulting, or entrepreneurship, studying finance in Canada opens doors to a world of possibilities. So, seize the opportunity to enhance your skills and embark on a rewarding journey in the dynamic field of finance.
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