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July 05, 2023
635
Avg. GMAT
30
Avg. Age
51K CAD
Avg. Cost of Study
9 – 24Â
Avg. Months DurationÂ
 77K CAD
Avg. Salary
The need for qualified individuals in the finance sector has never been higher than it is in the ever-changing global economy of today. There is a pressing need for professionals with the knowledge, skill, and strategic thinking to make informed financial decisions as firms attempt to negotiate the complexity of an interconnected world. A Master’s in financial program in Canada presents a unique chance for aspirant financial professionals in this dynamic environment.
Canada, known for its robust and stable economy, has made a name for itself as a worldwide financial centre and a top choice for higher education. Students have an excellent opportunity to learn about finance thanks to the nation’s dynamic financial landscape, which is supported by well-regulated markets, a wide variety of financial institutions, and a business-friendly climate.
 In Canada, a Master’s in Finance program offers a thorough curriculum created to give students a profound understanding of financial theories, analytical methods, and business procedures. Students receive a comprehensive education that combines academic knowledge with practical application through a combination of challenging coursework, real-world case studies, and industrial internships. With the help of this unique combination, graduates can take on the challenges of contemporary finance and significantly improve organisations.
The multicultural society of Canada is one of the clear benefits of earning a Master’s in Finance there. International students find themselves immersed in a rich tapestry of cultures and viewpoints thanks to the community’s diversity and welcoming atmosphere. Exposure to different cultures improves learning in general and gives pupils the global perspective they need to succeed in a world that is becoming more interconnected.
Beyond academic endeavours, Canada provides an unmatched lifestyle. International students can benefit from a well-rounded experience that includes education and personal development thanks to its breathtaking natural landscapes, safe and welcoming cities, and high living standards. Students’ sense of belonging and increased understanding of other cultures are made possible by the multicultural society of Canada.
CAD 30K – 60KÂ
Avg. Tuition Fee per year for international students
+Â
CAD 15K – 25K
Avg. Tuition Fee per year for    domestic studentsÂ
+Â
$800 – $2KÂ
Avg. Living Cost off Campus per month.
+Â
$250 – $300
Misc. Expenses per month
Avg. Cost of Study
Most institutions demand that applicants have a four-year bachelor’s degree in a math-intensive subject like finance, engineering, or physics. If a student has at least one year of finance-related work experience or has passed the first level of the CFA or FRM exams, several universities may still accept their application even with a three-year undergraduate degree.
While the average GPA at premier institutions can go as high as 3.6 on a scale of 4.0, most universities require a minimum of 3.0 on a 4.0 scale when applying. If your college grades are expressed in percentages or on a scale of one to ten, you can use services provided by companies like WES to translate your GPA into Canadian currency.
For the Masters in Finance program, universities typically require applicants to take the GMAT or the GRE and submit their scores. Universities require applicants to have a minimum GMAT score of 500 (or 302 on the GRE). At prestigious universities, the typical GMAT score is roughly 660, or 321 on the GRE. However, if applicants have job experience or have passed the first level of the CFA or FRM exams, certain colleges could be willing to forgo the GMAT or GRE requirement.
When applying for one of Canada’s Masters in Finance programs, applicants must provide their English Language Test results. IELTS band 6.5 is the minimal score often accepted, and no band lower than 6.0
Graduate Scholarships from Vanier Canada
International students pursuing a master’s or doctorate degree in Canada are eligible for this award. For up to three years, the scholarship offers $50,000 per year.
Ontario Graduate Scholarship (OGS)
The Ontario Graduate Scholarship (OGS) is a merit-based award accessible to graduate students in Ontario. The scholarship offers $15,000 over the course of a year.
Awards from the Trudeau Foundation
Students pursuing PhD degrees in the social sciences or humanities are eligible for the Trudeau Foundation Scholarship. Up to $60,000 each year for up to three years is offered under the award.
The Master’s Canada Graduate Scholarship (CGS-M)
Students pursuing a master’s degree at a Canadian institution are given the CGS-M. The scholarship offers $17,500 over the course of a year.
For international students pursuing a master’s in finance, HEC Montréal has a number of scholarships available. The amount of these awards ranges from $5,000 to $15,000.
Global Leaders of Tomorrow Full Scholarship
The Canadian government provides this scholarship to foreign students studying for a master’s degree there. The award pays for travel, housing, and educational costs.
Scholarships for the Rotman Master of Finance
Students pursuing a master’s in finance can choose from a number of scholarships offered by the Rotman School of Management. The amount of these awards ranges from $10,000 to $40,000.
The pay offers for the Master’s in Finance program in Canada are good and competitive. An entry-level MS Finance graduate in Canada can expect to make around 60,000 CAD per year.
Many employment openings in the country’s financial industry are likely to become available when graduates of a reputable Canadian university’s MS in Finance program submit their applications.
Here are some of the top Canadian companies that look for MiF graduaes:
Employed within 3 months of graduation
Avg. Salary
Most Sought After Jobs
Financial Analyst
     Investment Banking Analyst
Portfolio Manager
Risk Manager
     Corporate Finance Manager
  Private Equity Associate
Hedge Fund Analyst
      Financial Consultant/Advisor
Treasury Analyst
Financial Planner
Credit Analyst
| University | Details | Suggested |
| Smith School of Business | Master of Finance Duration: 12 months Format: Full-time Avg. Working Experience: 2 years* Location: Kingston, Ontario | Smith Business School MiF |
| SFU BEEDIE School of Business | MSc Finance
| SFU BEEDIE MiF |
| Rotman School of Management | Master of Finance
| Rotman School of Management MiF |
| University of Manitoba | Master of Finance
| University of Manitoba MiF |
| Schulich School of Business | Master of Finance
| Schulich School of Business MiF |
We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks
Step 1
GMAT / GRE Score
2-3 months.
If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average.Â
Step 2
Profile Evaluation
 1-2 weeks.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
Step 3
Application Prep
3-4 weeks at least.Â
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
Step 4
Interview Prep
1 week
School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.
Graduates of the MFin programme may find employment prospects in a range of industries and jobs, both in Canada and abroad since Canadian employers are increasingly seeking employees with foreign experience and education. For their graduates, some colleges additionally provide career counselling and help with job placement.
First you have to create an account at hec.edu/applytomasters and then begin to fill in your application. You are able to submit an application when:
· your application form is 100% complete
· you have uploaded all the required documents
· you have paid the application fee of €110
You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).
Yes, scholarships are offered expressly for students from other countries who are studying in Canada, including students from India. On the websites of specific colleges, as well as through third parties like the Canadian Bureau for International Education (CBIE), students can conduct a scholarship search.
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