A master’s in finance in Canada is a postgraduate degree that enables international students to get holistic knowledge of financial markets. It gives access to high-quality education and postgraduate work opportunities. Canada has globally recognised universities with excellent finance programmes. The curriculum in these programmes is structured to offer theoretical knowledge along with practical applications.
The welcoming culture and networking opportunities mean the students get a comprehensive learning environment. Indian students can build a career in different financial domains with this degree since it includes financial planning, corporate finance, risk management and banking sectors. International students also get a Post-Graduation Work Permit (PGWP) for up to 3 years to get Canadian work experience. This way, they can work in financial and FinTech companies, investment firms, and management consulting firms, and gain substantial work experience.
Key highlights:
- Introduction: Why Study Master’s in Finance in Canada (2026)
- Top Universities for Master’s in Finance in Canada
- Eligibility Criteria & Admission Requirements
- Cost of Studying Master’s in Finance in Canada
- Career Scope & Salary After Master’s in Finance in Canada
- How to Finance Your Master’s in Finance in Canada
Master’s in Finance in Canada: Course Overview
The master’s in finance programme in Canada is for 1-2 years. There are various master’s in finance courses in Canada, such as MSc in Finance in Canada and MS in Finance in Canada. The curriculum covers key aspects of finance, including advanced financial theory, quantitative analysis, corporate finance, and investment management.
As an international student, you can gain comprehensive knowledge that gives you a kick-start in the financial service industry. Furthermore, top Canadian universities follow coursework-based programmes that include classroom learning, case studies, and thesis-based research. Some programmes also include internship opportunities for students, since that is the best way to get industry exposure.
Best Universities for Master’s in Finance in Canada
1. University of Toronto
The Rotman Master of Finance (MFin) at the University of Toronto is a 15-month hybrid programme that’s best for finance professionals to advance their technical expertise. It covers intensive finance education and cutting-edge artificial intelligence (AI) insights.
| Quacquarelli Symonds (QS) World University Rankings by Subject 2025: Accounting & Finance 2025 | 17 |
| Times Higher Education (THE) Business and Economics World University Rankings 2025 | 24 |
| Programme | Master of Finance (Rotman School of Management) |
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2. University of British Columbia
This university offers a two-year Finance M.Sc. programme in Canada. It is a research-oriented postgraduate course which allows students to study in a collaborative academic atmosphere. The university offers guidance, courses, and research assistantships that help students prepare for further studies.
| QS World University Rankings by Subject 2025: Accounting & Finance | 34 |
| THE Business and Economics World University Rankings 2025 | 29 |
| Programme | Finance MSc (Sauder School of Business) |
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3. McGill University
The Master of Management in Finance at McGill University offers a comprehensive learning experience to students. It is one of the best finance masters’ courses in Canada, which focuses on giving students a global perspective through engagement with global financial institutions. It makes them career-ready with hands-on projects, expert seminars, and theoretical knowledge.
| QS World University Rankings by Subject 2025: Accounting & Finance | 56 |
| THE Business and Economics World University Rankings 2025 | 84 |
| Programme | Master of Management in Finance |
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4. Queen’s University at Kingston
This Master of Finance programme in Canada allows students to earn a world-class finance degree while continuing to work. It equips graduates with practical skills and a strong understanding of current financial markets and trends.
| QS World University Rankings by Subject 2025: Accounting & Finance | 101-150 |
| THE Business and Economics World University Rankings 2025 | 301-400 |
| Programme | Master of Finance (Smith School of Business) |
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5. University of Alberta
The Master of Financial Management (Business) at the University of Alberta is one of the best master’s in finance programmes in Canada. It is a master’s degree that prepares students for leadership roles in finance. Students can develop practical skills in investment, risk management and strategic financial decision-making with this two-year programme.
| QS World University Rankings by Subject 2025: Accounting & Finance | 101-150 |
| THE Business and Economics World University Rankings 2025 | 101-125 |
| Programme | Master of Financial Management (Business) |
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Eligibility Criteria & Admission Requirements
Academic Requirements
- Undergraduate degree or equivalent from a recognised institution
- English language test score
- International English Language Testing System
- Test of English as a Foreign Language (Internet-Based Test)
- Duolingo English Test
- Pearson Test of English (Academic)
- Standardised test score
- Graduate Record Examination
- Graduate Management Admission Test
Admission Requirements
The admission requirements vary from one university to another. However, here are the common requirements:
- Educational transcripts
- Standardised test scores
- Language test scores
- Statement of Purpose
- Letter of Recommendation
- A valid passport
Cost of Studying Master’s in Finance in Canada
The average cost of studying master’s in finance in Canada is between CAD 40,000 and CAD 90,000 per year for international students. It includes tuition fees and living expenses.
Tuition Fees
The average tuition fees in Canada for international students range between CAD 25,000 and CAD 70,000 per year. It is important to note that additional academic costs add up, such as:
- Application fees: CAD 100-250
- Study material: CAD 1,000 - 2,000 per year
- Technology fees: CAD 200 - 500 per year
Living Expenses
The monthly living expenses to study master’s in finance in Canada include several expenses:
- Accommodation: CAD 800 - 1,800
- Food: CAD 300 - 500
- Transportation: CAD 100 - 200
- Health insurance: CAD 50 - 80
- Utilities and internet: CAD 100 - 150
- Personal expenses: CAD 200 – 300
Career Scope & Salary After Master’s in Finance in Canada
Indian students can explore several career options after completing a master’s degree in finance in Canada. There are diverse career options with high earning potential in cities like Montreal, Vancouver, and Toronto. They can find lucrative career paths in investment banking, asset management, and corporate finance. They can work as:
- Financial analyst
- Investment banker
- Financial Advisor
- Accountant
The average salary after doing a master’s in finance in Canada is CAD 73,000.
Studying master’s in finance in Canada can give a strong boost to Indian students’ careers. If you are an Indian student wanting to pursue this degree in Canada, then it is important to plan your finances well and manage the overall cost of education.
At Avanse Financial Services, we offer education loans for studying abroad. These education loans are personalised to match the academic needs of each student. You can even use our online equated monthly instalment (EMI) calculator to calculate EMI for education loan. Our education loans also come with features such as an easy application process, quick disbursal, and flexible repayment options. Feel free to get in touch with us to know more about Avanse education loans.
