PG Diploma in Finance in Canada: Comprehensive Guide on Diploma in Finance in Canada Image
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PG Diploma in Finance in Canada: Comprehensive Guide on Diploma in Finance in Canada

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Yocket Editorial Team
6 mins read
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A PG Diploma in finance in Canada can be summed up as a short and crisp 1-2 year course, well suited in order to get immense knowledge and expertise in the field of finance. Canada has continuously been one of the most famous destinations to study finance related courses, as it offers international students with outstanding education and a bright future post graduation. This blog will make you explore all about how PG in finance in Canada will aid you to get some of the best recruiters in the world, and also tell you more about some of the best colleges in Canada for PG diploma in finance. 

Table of Contents:

  1. Why Study PG Diploma in Finance in Canada? 
  2. Program Structure and Curriculum for PG Diploma in Finance in Canada
  3. Admission Requirements and Application Process to Study PG Diploma in Finance in Canada
  4. Cost to Studying PG Diploma in Finance in Canada
  5. Top Universities in Canada to Study PG Diploma in Finance
  6. Difference between PG Diploma and Masters in Finance  
  7. Scholarships to Study Diploma in Finance in Canada 
  8. Career Opportunities after Pursuing PG Diploma in Finance in Canada 
  9. Frequently Asked Questions about  Diploma in Finance in Canada 

 

Why Study PG Diploma in Finance in Canada?

Diploma in Finance in Canada is one of the highly chosen programs by international students. Let's find out why the PG Diploma in finance in Canada is so popular across the globe: 

  • Highly valuable course: Short term finance courses in Canada are extremely popular and valuable across international levels, due to their prominent curriculum and industrial exposures. 
  • Excellent education: Providing the best infrastructure, postgraduate finance courses in Canada for masters in finance have stood out across the world. Canada is popular for offering international students with outstanding educational experiences. 
  • Abundance of courses and specializations: Some of the best finance courses in Canada also offer students with various types of specializations like professional financial services, finance planning, insurance management, financial analytics etc.
  • Bright career scope: After pursuing finance diploma courses in Canada, you can get hold of extremely powerful job opportunities with world famous recruiters. Moreover, you can also pursue further studies in finance post your masters degree with numerous scholarships available to choose from. 

Suggested: Know how to get Post Graduation Work Permit in Canada?

 

Program Structure and Curriculum for PG Diploma in Finance in Canada 

Let us now make you explore the program structure and curriculum for PG in finance in Canada: 

Duration 

1-2 years 

Type 

Full-time / Part-time

Mode 

Offline / Online 

Average Tuition Fee for International Students

10,000 CAD to 40,000 CAD / year

Specializations 

  • Financial analytics 
  • Management in financial strategies 
  • Financial strategic management
  • Financial planning
  • Financial risk management
  • Financial planning services 

Top Programs 

  • Financial management diploma 
  • Graduate certificate in financial planning 
  • Diploma in Business- Finance 
  • Advanced diploma in accounting and finance 

Top Universities 

  • Centennial College 
  • University of Toronto 
  • George Brown College 
  • University of Alberta 
  • Humber College
  • University of British Columbia  

 

Admission Requirements to Study PG Diploma in Finance in Canada

Let us now check out the finance post graduate diploma in Canada requirements and eligibility criteria:

  • Academic transcripts 
  • English proficiency test scores 
  • GMAT or GRE Scores 
  • Additional requirements  

Given below are the masters in finance Canada eligibility criteria: 

 

  • Academic Transcripts 

The most basic requirement to apply to a PG in finance degree in Canada for international students is to have academic transcripts for every level of study. You should have a bachelor's degree in order to be eligible for a 2 year pg diploma in finance in Canada. Some prerequisite subjects for a majority of finance programs in canada are: 

  • Mathematics 
  • Advanced functions 
  • Calculus 
  • English 

 

  • English Proficiency Test Scores 

It is essential for you, as international students, to have an English proficiency proof 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 

Universities in Canada for diploma in finance also ask for your GMAT or GRE scores in order to complete your application. 

 

  • Additional Requirements 

Additional requirements such as an interview, along with work experience,statement of purpose (SOP), and a Resume/ CV can also be asked by your university depending on the program you choose.

 

Application Process for PG Diploma in Finance in Canada

The application process for applying to some of the top finance universities in Canada has been discussed briefly below: 

  • Choose your course and a university to start your diploma in finance program in Canada.
  • Submit the application form along with the application fee. 
  • Submit all the required documents including transcripts, bachelor's degree (if required), along with additional requirements like SOP, Resume, LORs, and proof of work experience, as asked by the particular university.
  • You may also be asked for an interview process. 
  • Apply for a scholarship or financial aid, if available at the university. 
  • Wait for the admission decision. 

Suggested: How to Apply to Canadian Universities?

 

Cost of Studying PG Diploma in Finance in Canada 

The finance postgraduate diploma in Canada fees lies somewhere in between 10,000 CAD to 40,000 CAD. 

The average annual cost of living in Canada ranges between 10,000-12,000 CAD. The rent for living on-campus is around 3,000-7,500 CAD per year which is quite budget friendly compared to off-campus accommodation that costs 8,000-9,000 CAD per year.

 

Top Universities to study PG Diploma in Finance in Canada 

Best colleges in Canada for pg diploma in finance provide international students with innovative, rewarding and out-of-the-box experiences. We have curated below the list for the top universities for pg in finance Canada: 

Universities 

Popular Programs Offered 

Duration 

Average Tuition Fee for International Students (in CAD)

Centennial College 

Graduate Certificate in Financial Planning

PG Diploma in Financial Services 

1-2 years 

17,130 (Total)

George Brown College 

Graduate Certificate in Financial Planning

Advanced Diploma in Business Administration-Finance

8 months-1 year

15,480/ 2 semesters 

Humber College 

Diploma in Finance Management

Graduate Certificate in Financial Planning

1-1.5 years (3-4 semesters)

18,048 

Universite De Montreal

Certificate in Financial Planning

Certificate in Financial Management

1-2 years 

29,400/ year 

McGill University 

Graduate Certificate in Financial Planning  

1-2 years  

20,350/ year 

 

Difference between PG Diploma and Masters in Finance in Canada 

Though a PG Diploma will cost you less than a masters degree in finance, and is usually of a duration of 1-1.5 years; a PG Diploma in Finance in Canada will be less valuable as a degree as compared to a masters in finance degree in Canada. 

Meaning, a masters in finance degree will open more doors for you in terms of excellent employment opportunities and a high pay scale as compared to a PG Diploma in finance in Canada. 

 

Scholarships to Study  Diploma in Finance in Canada 

Numerous scholarships are available to pursue short term finance courses in Canada for international students, including a lot of university-specific, privately funded and government funded scholarships. 

Given below are some scholarships to aid your finance diploma courses in Canada: 

Scholarships 

Eligibility 

Award (in CAD)

C.Douglas Mellor Prize, McGill University

  • Graduate certificate in financial accounting student 
  • Outstanding academics 

2,200

Kenneth F Byrd Prize, McGill University 

  • Graduate certificate in financial accounting student 
  • Outstanding academics 

250

International Entrance Scholarships, Humber College 

International Applicants showing high academic performance 

2,000

Vice Chancellor Scholarship, York University

International Applicants showing high academic performance 

10,000-20,000

Banting Postdoctoral Fellowships, Canadian Government 

International graduate students demonstrating high academic performance

70,000

Vanier Canada Graduate Scholarships Program

International graduate students 

50,000

Suggested: Best Scholarships for International Students in Canada!

 

Career Opportunities after Pursuing PG Diploma in Finance in Canada 

PG Diploma in Finance in Canada can definitely be your gateway to success, as the course is highly valued all over the globe, and will provide you with global career opportunities. The base salary for a finance graduate in Canada stands somewhere at 60,000 CAD per annum. You can also pursue further studies in the form of a PhD in finance. 

Some of the job opportunities available after pursuing a diploma in finance in Canada are: 

  • Budget analyst
  • Market research analyst 
  • Chartered accountant
  • Financial analyst 
  • Risk manager 

For a better understanding of how careers post PG Diploma in finance in Canada look like, we have tabulated the top finance job profiles Canada, with their average salaries: 

Job Profiles 

Average Annual Salary (in CAD)

Chartered Accountant

104,000

Financial Manager 

60,000-100,000

Financial Controller 

57,000-113,000

Project Manager 

51,000-108,000

Tax Advisor 

105,000

Risk Management Director 

209,000

Financial Analyst

45,000-78,000

Operations Manager 

46,000-106,000

PG in finance in Canada is considered to be one of the most sought after courses for international students as it is highly affordable and is taught at par with masters in finance. Some top universities in finance in Canada can even land you the highest paying jobs in Canada, and present you with numerous scholarships to kick start your doctoral education in the field of finance. 

 

Frequently Asked Questions about  Diploma in Finance in Canada  

  1. Which are the best finance universities in Canada? 

Ans. The best universities for PG Diploma in finance in Canada are:  

  • McGill University  
  • University of Toronto
  • Humber College 
  • McGill University 
  1. What is the cost to study masPG Diploma ters in finance in Canada? 

Ans. Diploma programs in finance in Canada can range around 10,000 CAD to 30,000 CAD annually depending upon the university you choose.

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

Ans. Some career prospects include: 

  • Pursuing higher education
  • Starting your own business in accounting management
  • Get employed as a financial manager, financial consultant, risk manager 
  1. Are scholarships available for pursuing postgraduate finance courses in Canada? 

Ans. Yes, top universities in Canada for finance provide international students with numerous scholarships in the range of 2,000 CAD to 50,000 CAD per annum.

  1. What are some of the most popular diploma programs in the field of finance at the PG level? 

Ans. Some of the most popular programs in the field of finance are: 

  • Graduate Certificate in Financial Planning
  • Advanced Diploma in Financial Management
  • Diploma in Business-Finance
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