MBA in Finance in Canada – Universities, Eligibility & Scope

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.

Know more About Study in Canada! Get free Counselling

Also Check : Study 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.