One of the most prominent courses to study in Canada, finance as a field of study has always stood out from its counterparts. With highly research centric universities, and excellent employability rates, finance courses in Canada are considered to be extremely top-notch! Not to forget the industrial exposures inculcated into the education system through various top companies and recruiters like Apple, Google, Deloitte, KPMG, and lots more! Some of the best finance universities in Canada will also make it a lot easier for you to pursue further studies in the field of finance, through numerous scholarships.
Want to know more? Keep reading as we are here to make you explore the best of finance studies in Canada!
Table of Contents:
- Why study Finance Courses in Canada?
- Overview of Finance Courses in Canada for International Students
- Specializations and Degrees in Finance in Canada
- Eligibility and Admission Requirements to Study Finance Courses in Canada
- Best Finance Universities in Canada
- Cost to Study Finance Courses in Canada
- Scholarships to Study Finance Courses in Canada
- Career Opportunities After Pursuing Best Finance Courses in Canada
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:
- Outstanding 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 60,000 CAD per annum.
- Excellent education: Providing the best infrastructure, the best finance universities in Canada have stood out worldwide. Canada is popular for offering international students outstanding educational and industrial experiences.
- 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, UG and doctoral. These universities also offer some of the most popular diploma and certificate programs in finance.
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Overview of Finance Courses in Canada for International Students
Let us tabulate some key aspects for 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 | 20,000 CAD to 40,000 CAD |
Top Universities & Colleges |
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Specializations and Degrees in Finance in Canada
Finance related courses in Canada for international students are observed to be in great demand precisely due to numerous degree programs available including UG, PG, doctoral as well as certificate and diploma courses. Finance in Canada is offered in various specializations like:
- 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
- Financial management diploma
- BCom (Hons) -Finance
- BSC (Hons) Economics and Finance
- Graduate certificate in financial planning
- 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 (if required)
- English proficiency test scores
- GMAT or GRE Scores
Talking about the requirements for finance courses requirements in Canada briefly, let's start with:
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 (if 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 an English proficiency proof in terms of IELTS, TOEFL, PTEor 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
Best finance universities in Canada also ask for your GMAT/GRE scores in order 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:
- Choose your course and a university to start your finance degree in Canada.
- Submit the application form along with the application fee.
- 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.
- 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.
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Best Finance Universities 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 the list for the best finance universities in 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) |
University of Toronto | Masters of Financial Risk Management Master of Accounting and Finance Master of Finance | 2 years |
|
George Brown College | Graduate Certificate in Financial Planning Advanced Diploma in Business Administration-Finance | 8 months-2 years | 15,480/ 2 semesters 22,785/ 3 semesters |
McGill University | Master of Management in Finance | 2 years | 57,465 (total) |
York University | BSC (Hons) Economics and Finance | 2-3 years | 19,600/ year |
Humber College | Diploma in Financial Services Graduate Certificate in Financial Planning | 1-1.5 years (3-4 semesters) |
|
University of Alberta | Master of Arts in Economics and Finance | 2 years | 7,875/ credit |
Universite De Montreal | Certificate in Financial Planning Certificate in Financial Management | 1-2 years | 29,400/ year |
Cost of Studying Finance Courses in Canada
The tuition fees for finance courses in Canada depends entirely on the degree and study level you choose. 1 year finance courses in Canada range from 10,000 CAD to 17,000 CAD (total); whereas UG degree programs lie in the range of 20,000 CAD to 50,000 CAD per year. The PG level programs, on the other hand, lie somewhere in between 30,000 CAD to 40,000 CAD per year, for a masters degree, and 10,000 CAD to 20,000 CAD per year for PG Diploma and Graduate Certificate courses.
Students should budget for the cost of living in Canada of about 900 CAD - 1500 CAD 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 FinanceCourses 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 (in CAD) |
C.Douglas Mellor Prize, McGill University |
| 2,200 |
Kenneth F Byrd Prize, McGill University |
| 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 |
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Career Opportunities after Pursuing Best Finance Courses in Canada
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 60,000 CAD per annum. You can also pursue further studies in the form of a master's degree or a PhD in finance.
Let us make you 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
- Start a business/ venture of your own
- Become an educator in the field of finance
- Become a financial analyst, financial advisor, consultant, 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 (in CAD) |
Financial Manager | 60,000-100,000 |
Financial Controller | 57,000-113,000 |
Project Manager | 51,000-108,000 |
Financial Analyst | 45,000-78,000 |
Operations Manager | 46,000-106,000 |
Suggested: Job opportunities in Canada for international students
Finance courses in Canada for international students are abundant, and you can get the most out of them in terms of quality education and excellent job opportunities in Canada. After pursuing some of the best finance courses in Canada, you can even work for some of the world's top recruiters like Deloitte, Bell Canada, Nestle Canada, Scotia Bank, Price WaterCoppers, etc. So what are you waiting for? Get on a Yocket Professionals and give wings to your dreams of studying abroad!
Certainly! The field of finance in Canada is an intricate tapestry of exceptional academic programs, industry exposure, and abundant career prospects. Let me break down the concepts embedded in the article for a comprehensive understanding:
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Finance Courses in Canada:
- Job Opportunities: The field offers excellent employment prospects with an average base salary of 60,000 CAD/year for graduates.
- Education Quality: Canadian universities provide top-notch infrastructure and educational experiences, attracting international students.
- Course Variety: A plethora of specializations like financial analytics, planning, risk management, etc., available at different study levels - undergraduate, postgraduate, and doctoral.
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Overview of Finance Courses for International Students:
- Duration and Levels: Courses span from 2 to 5 years, available at PG, UG, and doctoral levels, either full-time or part-time, and in online or offline modes.
- Tuition Fees: International student fees range from 20,000 to 40,000 CAD on average.
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Specializations and Degrees in Finance:
- Various specializations include financial analytics, strategic management, planning services, etc.
- Degree programs encompass MBAs, Bachelor of Commerce, Economics and Finance, Masters in Finance, Financial Economics, etc.
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Eligibility and Admission Requirements:
- Educational Qualifications: A Bachelor's degree, proficiency in Mathematics, Calculus, and English are fundamental prerequisites.
- Language Proficiency: English proficiency test scores like IELTS (minimum 6.5) or TOEFL are required.
- GMAT or GRE Scores: Often mandatory for PG courses in finance.
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Admission Process:
- Steps involve choosing a course/university, application submission with fees, providing necessary documents (transcripts, SOP, LORs), potential interview, scholarship application, and awaiting the admission decision.
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Best Finance Universities in Canada:
- Institutions like Centennial College, University of Toronto, George Brown College, McGill University, York University, Humber College, University of Alberta, and Universite De Montreal offer various finance-related programs.
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Cost of Studying Finance Courses:
- Tuition fees vary based on the level of study; approximately 10,000 to 17,000 CAD for 1-year courses, 20,000 to 50,000 CAD/year for UG, and 30,000 to 40,000 CAD/year for PG programs.
- Additionally, students should budget 900 to 1500 CAD per month for living expenses.
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Scholarships for Finance Courses:
- Multiple scholarships exist, ranging from university-specific to government-funded ones, supporting students pursuing finance courses in Canada.
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Career Opportunities Post-Graduation:
- Opportunities include pursuing higher education, CPA certification, employment in corporations, entrepreneurship, education, or roles as financial analysts, advisors, etc.
- Job profiles and their average salaries include Financial Manager (60,000 - 100,000 CAD), Financial Controller (57,000 - 113,000 CAD), Project Manager (51,000 - 108,000 CAD), Financial Analyst (45,000 - 78,000 CAD), and Operations Manager (46,000 - 106,000 CAD).
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Top Recruiters and Prospects:
- Graduates can seek employment with reputed companies like Deloitte, Bell Canada, Nestle Canada, Scotia Bank, Price WaterCoppers, etc., opening doors to a promising career in Canada.
The finance landscape in Canada amalgamates academic excellence, diverse courses, and promising career paths, making it an attractive destination for aspiring finance professionals worldwide.
