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Finance Courses in Canada: Top Universities for International Students

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Yocket Editorial Team
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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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Table of Contents

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.

Suggested: Study in Canada

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

Centennial College 

Fanshawe College 

George Brown College 

The University of Alberta 

Humber College 

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

Suggested: Complete guide on Masters in Finance in Canada!

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.

Suggested: Eligibility Criteria & Requirements to Study in Canada!

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.

Visa requirements for Canada

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 

Centennial College 

Graduate Certificate in Financial Planning

PG Diploma in Financial Services 

1-2 years 

CAD 17,130 (INR 10,49,750)  (Total)

University of Toronto   

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

George Brown College 

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 

McGill University

Master of Management in Finance 

2 years 

CAD 57,465 (INR 35,21,530) (total)

York University 

BSC (Hons) Economics and Finance

2-3 years 

CAD 19,600 (INR 12,01,110) / year 

Humber College 

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)

University of Alberta 

Master of Arts in Economics and Finance 

2 years 

CAD  7,875 (INR 4,82,590) / credit 

Universite De Montreal

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)

Banting Postdoctoral Fellowships, Canadian Government 

International graduate students demonstrating high academic performance

CAD 70,000 (INR 42,89,690)

Suggested: Best ways to finance your education in Canada!

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)

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. 

Confused about choosing the right finance course in Canada? Look no further! Unlock comprehensive guidance on finance courses and universities in Canada with Yocket Premium! Gain insights, explore options, and make informed decisions to kickstart your finance career in Canada. Schedule your counselling session today!

Frequently Asked Questions about Finance Courses in Canada  

Which are the best finance universities in Canada? 

What is the cost to study finance in Canada?

What are some career prospects after pursuing the best finance courses in Canada? 

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