An MBA in finance in Canada will open doors to rewarding careers. The course spans one to two years on average, with specializations such as corporate finance, financial analysis, and business taxation. Tuition fees for these courses are approximately CAD 20,000-40,000. Those graduating in the subject may also earn handsome salaries up to CAD 80,000-180,000 annually.
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Table of Contents
- MBA in Finance in Canada: Highlights
- Why Study MBA in Finance in Canada
- Leading Universities for MBA in Finance in Canada
- MBA in Finance in Canada Eligibility Criteria
- Cost of Studying MBA in Finance in Canada
- How to Apply
- Scope of MBA in Finance in Canada
- Scholarships for MBA in Finance in Canada
- MBA Finance Salary in Canada
- MBA Finance Jobs in Canada
MBA in Finance in Canada: Highlights
Here are some things to remember about pursuing the course from Canada:
Program | Post- Graduate |
Duration | 20-24 months |
Average Salary | CAD 85k per year |
Top Recruiters | Super Advisor, National Bank of Canada, HSBC, Manulife, BMO Financial Group, Morgan Stanley, Deloitte, Accenture, Brookfield Asset Management |
Top Profiles | Financial Manager/Analyst, Credit Analyst, Treasurer, Accounting Manager, Cash Manager |
Why Study MBA in Finance in Canada
There are several benefits of pursuing an MBA in finance in Canada. They include the following:
- The average MBA finance salary in Canada is highly rewarding for skilled graduates. Hiring has only gone up for MBAs due to skyrocketing demand.
- The comparatively reasonable MBA in finance in Canada fees (compared to costs in the USA and UK among other global study destinations) is another plus point.
- Canada is home to the best universities for MBA programs globally, with globally recognized degrees and excellent educational infrastructure.
- The scope of an MBA in finance in Canada is vast, with multiple job roles available for skilled graduates and great industry interfaces, mentoring, real-world projects, and internship opportunities.
Leading Universities for MBA in Finance in Canada
Finance is offered as a specialization, in most cases, as part of an MBA program. Here are the best universities in Canada for finance:
University | Type | Location
|
QS Ranking by Subject 2023 (Accounting & Finance) |
Fees | Language | Course | Duration |
University of Toronto | Public | Toronto | 15 | CAD $133,740 | English | MBA (specializations in Financial Reporting & Analysis, Fund Management, Investment Banking, and Risk Management & Financial Engineering) | Two years |
Queen’s University at Kingston | Public | Kingston | 101-150 |
$15,166.25/ per year |
English | MBA (specializations in Finance Strategy, Financing of New Ventures, Pricing Analytics) | Two years |
Université Laval | Public | Quebec | 201-250 | $8,136.24 (for 12 credits) | French | MBA-Finance | Two years |
MBA in Finance in Canada Eligibility Criteria
Here are the MBA in finance Canada requirements that you should keep in mind:
- A bachelor’s degree in engineering, science, administration, or any related area of study.
- LOR.
- SOP.
- Four-year undergraduate degree.
- Resume/CV.
Documents Needed
- CV/Resume.
- Cover Letter.
- SOP.
- LORs.
- Academic transcripts.
- Essays if needed.
- Scores in standardized examinations.
Cost of Studying MBA in Finance in Canada
For ease of understanding, let’s divide the cost involved between pre-arrival and post-arrival cost:
Pre-arrival: The component will include airfare, standardized exam fees, GIC, college application fees and other miscellaneous expenses. It will come out to approximately CAD 12,600.
Post-Arrival: Students may incur a cost of around CAD 28,000 per annum. It will include accommodation, living costs and health insurance. Add to it the tuition fees to have a closer idea.
How to Apply
You can directly apply at websites of MBA colleges and universities in Canada, submitting all your documents alongside. You will then have to appear for a personal interview or provide additional documents if the institution asks. Once your acceptance letter comes in, you will have to confirm your admission and swiftly pay the initial deposit fee.
Scope of MBA in Finance in Canada
The scope of an MBA in finance in Canada is undeniably vast and compelling. There are excellent career opportunities available for aspirants in various job roles with handsome starting salaries. Australia offers almost every globally acknowledged specialization for MBA programs at the highest-ranked institutions.
Scholarships for MBA in Finance in Canada
Name of the Scholarship | Name of the Institution | Scholarship Amount |
MBA Excellence Award | University of Toronto | CAD 26,000 |
Women in Business Excellence Award | University of Toronto | CAD 13,000 |
Success Scholarship | Laval University | CAD 1,000 |
AIMCo Scholarship | University of Alberta | CAD 10,000 |
Entrance Awards | Queen’s University | Up to CAD 15,000 |
MBA Finance Salary in Canada
Here are some approximate salaries for MBA graduates in Canada with information on job roles:
Work Position | Annual Salary |
Finance Manager | CAD 1,15,344 |
Chief Financial Officer | CAD 1,86, 989 |
Sr. Business Analyst | CAD 95, 983 |
Financial Controller | CAD 1,06, 108 |
Finance Director | CAD 138831 |
Sr. Financial Analyst | CAD 99,213 |
Chief Executive Officer | CAD 1,49,136 |
Project Manager | CAD 97,931 |
Source: Glassdoor 2023
MBA Finance Jobs in Canada
Now that you know the starting and average salaries for MBA in finance in Canada, you should know that Canada has a stable and flourishing economy with rising opportunities in various sectors. It is one of the favored destinations for several MNCs and global conglomerates hiring management graduates in large numbers every year, particularly in domains like finance.
As per several reports, close to 90% of aspirants at leading universities get placed each year successfully. Graduates can take employment in diverse job roles, including financial managers, financial analysts, senior financial analysts, controllers, etc.
FAQs
What is the salary of an MBA in finance in Canada?
At a starting level, graduates usually earn up to CAD 90,000 per annum. The yearly average salaries generally range around CAD 79,500.
Can Indian students study MBA in Canada?
Of course, Indian students can pursue MBA in Canada, provided they have bachelor’s degrees, requisite IELTS/TOEFL scores, and meet all the other eligibility criteria. Relevant industry or work experience is always a plus point.
Can you do MBA after BCom in Canada?
You can do an MBA after BCom in Canada without any hassles. MBAs are specializations that may be pursued after an undergraduate degree in commerce, the arts, or science.
How many years does it take for an MBA in Canada?
The average tenure of most MBA courses in Canada stands at around two years. Some Canadian business schools also offer accelerated MBA programs, which can be completed within 18 months on average. There are many other colleges and universities which offer one-year MBAs.
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