Masters in Finance from Canada: All you need to know

A Master of Finance in Canada will allow you to understand accounting analysis in an international context apart from analyzing and interpreting economic trends worldwide, financial markets, and investments. The quality of education enhances with even more professional opportunities coming to the fore. Master in Finance program in Canada gives students a strong foundation and solid understanding of finance and business fundamentals. The program also focuses on the principles of banking, investment, international and corporate finance, and risk management. Canadian higher education institutes focus on imparting practical knowledge of theory to real-world problems. The duration of Master of Finance by universities in Canada spans between one year to two years.

Admission process for getting into Masters in Finance from Canada

The eligibility criteria for international students for studying MS in Finance in Canada.

• Academic qualification: Candidates must have completed a bachelor's degree from an accredited university and proven quantitative skills
• Standardized tests: Candidates need to submit GMAT or GRE scores for getting admission to an MS in Finance in Canada. Some of the universities accept GMAT and few accept GRE scores, whereas few universities accept both GMAT and GRE scores 
• English language proficiency: International students need to prove their English language proficiency and submit either IELTS, TOEFL, or PTE scores

Apart from this, candidates also need to have admission requirements for getting into the Master in Finance program in Canadian universities.

• Work experience: Some master's or MBA programs in finance require candidates to have a certain work experience. Candidates with relevant work experience may have an advantage over other candidates specially for MBA programs
• Transcripts: Candidates need to submit official transcripts of their bachelor's degree Resume: Applicants need to submit a well-defined resume having information about their previous academic and professional backgrounds
• SOP/Personal Statement: This is a document where candidates can inform the university about their professional and academic achievements
• Letters of recommendation: Most universities ask candidates to submit 2 or 3 LORs

Colleges offering Masters in Finance in Canada

Some of the top universities in Canada that offer Masters in Finance are

• Check out the list of universities offering Master in Finance in Canada here
• Check out the list of universities offering MBA in Finance in Canada here

Cost of Pursuing Masters in Finance in Canada

The average cost of tuition fees for pursuing a master's course in Canada is Rs 18.07L. (The first year tuition fee is based on 152 MIM courses in Canada) The average living expense of staying in Canada is Rs 5.53L. (The living expense is based on 106 colleges in Canada).

Job prospects after studying Master in Finance from Canada

After completing a Master in Finance degree, graduates have the choice of making a career in financial planning, corporate finance, and investment banking. Graduates can also opt to become financial analysts or financial managers. The average salary of a finance graduate is around CAD 50,000-60,000 annually.

Some of the professional careers graduates can choose after completing Masters in Finance:

• Financial Consultant
• Investment Banker
• Personal Financial Advisor
• Financial Manager
• Financial Analyst
• Insurance Finance Manager

Is it worth doing Masters in Finance in Canada?

Yes! A degree from Canada's higher education is recognized globally. The high-quality education at affordable prices also opens a plethora of opportunities for you. It is a great call for those looking to gain international work experience.

With immigration-friendly rules and policies and comfortable living, Canada has become the most preferred choice for international students.