Masters in Finance in Canada: Top Universities, Tuition Fees

12 mins


One of the most sought-after degrees in Canada for international students is the MS in finance in Canada. Students that are interested in examining and comprehending financial markets, investments, assets, and obligations favor it. The top Canadian institutions for finance provide cutting-edge, worthwhile, and unusual experiences to overseas students for MS in finance in Canada. The annual tuition for a MS in finance in Canada ranges from 30,000 to 88,000 Canadian dollars, or around 17.96 lakhs to 52.70 lakhs Indian rupees. With the average annual pay of 60,000 USD for entry-level analysts working in both the banking and non-banking sectors, the degree offers a profitable return on investment. Graduates in finance in Canada pursue lucrative careers as financial analysts, investment bankers, tax advisors, financial managers, and other related positions. For students hoping for an intriguing and fulfilling profession, finance is a well-paid choice. Students who excel in economics, accounting, and mathematics can pursue careers MS in finance in Canada. Simply said, "finance" has anything to do with money; from creating budgets to handling cash, the field handles it all. Any organization's financial system is thought to be its foundation. Financial services and financial management are common categories. Finance involves a wide range of activities despite being "all about the money," including developing plans for effectively spending an organization's budget and coming up with ideas for enhancing its financial position.

One of the most sought-after degrees is a MS in finance in Canada. Almost everything, from evaluating and understanding financial markets and economic trends to managing money and banking and financial operations, is related to finance, a specialty that is quickly gaining popularity globally. Additionally, it aids students in planning, synthesizing, and uncovering all of a balance sheet's hidden components so they may improve their financial judgement in the areas of public finance, corporate finance, and personal finance.
One of the top choices for foreign students is Canada, which offers a wide variety of courses and specialties, outstanding educational opportunities, and promising employment prospects. If students follow the advice in this article, pursuing an MS in finance in Canada is not difficult.


Why Study Masters in Finance in Canada?

One of the widely sought-after programmes is the MSc in Finance in Canada. Learn why the MS in finance in Canada is so well-liked by foreign students:

  • Excellent Education - The top institutions in Canada for master's degrees in finance have distinguished themselves internationally by offering the greatest facilities. Canada is well known for providing excellent educational and professional opportunities to overseas students
  • Highly Valuable Course - One of the most expensive and well regarded programmes available is the MSc in Finance Canada. Graduate students in finance can find rewarding professions as financial analysts, investment bankers, tax advisors, financial managers, and more.
  • Abundance of Courses and Specialization - Many other specialities, including professional financial services, financial planning, insurance management, and financial analytics, are offered to students at some of the finest finance schools in Canada.
  • Bright Career Scope - After earning your MS in Finance in Canada, you'll be able to apply for incredibly competitive job openings with renowned recruiters. Furthermore, after earning your master's degree, you can pick from a wide variety of scholarships to continue your studies in finance.


Top Universities in Canada for MSc in Finance

1. The University of Toronto

The Rotman School at the University of Toronto is highly known for the excellence of its management and finance instruction. The university is renowned for its groundbreaking research and for encouraging a large number of students to think financially. One of the greatest financial programmes in the world is the MS in finance in Canada provided by the Rotman School at the University of Toronto. The school has been at the top of the list of top institutions that offer finance-related programmes across Canada and the world thanks to its faculty, which includes some of the world's most renowned thinkers, its capital markets institute, excellent financial connections, and its high-caliber research. The 20-month-long MFin programme was established in 2007 with a focus on corporate finance and a variety of options for students to advance their careers. The university employs some of the world's top financial experts as academics. They take part in innovative research as well.

The cost of education can rise if you attend the top universities. Although the Rotman School charges hefty tuition, the master of finance programme also produces high-quality results. The curriculum is 20 months long. The whole cost of tuition for 2022 is :

  • Domestic = $61,200 CAD
  • International = $91,260 CAD

2. University of British Columbia


Through the Sauder School of Business at the University of British Columbia (UBC), specialties in MS in finance in Canada are available. The finance department at UBC is one of the top financial departments in the world and is famous for the caliber of its teachers and its high-caliber research. Among the best institutions in Canada is the University of British Columbia. In fact, it is one of just three Canadian schools to appear in the Times Higher Education World Rankings' list of the top 50 universities in the world, and is placed second for both higher education and research. For undergraduate students interested in a career in finance, UBC offers an MBA with a specialty in finance. The curriculum aids students in gaining the abilities, expertise, and practical experience needed to address financial issues in the real world. Students who want to pursue a Ph.D. and a career in academia can enroll in the Master of Science in Business Administration in Finance programme offered by the Sauder School of Business at UBC. 

The tuition fees for MBA with specialization in finance is as follows :

  •  Canadian Citizens and Permanent Residents: $52,443 CAD
  • International students: $93,658 CAD

3. McGill University


The 1821-founded McGill University is renowned for its top-notch instruction and state-of-the-art research facilities. Thanks to its extraordinarily high ratio of foreign students (31%) compared to other schools, McGill is one of Canada's most esteemed and inviting institutions. Through the Desautels Faculty of Management, the institution grants bachelor's, master's, and doctorate  MS in finance in Canada. The study of finance offers a supportive academic setting where students may learn about excellence and service. When it comes to research, faculty members from different academic backgrounds make sure that dynamic research efforts are structured around subjects like asset valuation and international financial markets. The Master of Management in Finance (MMF) degree is offered by the Desautels Faculty of Management. It is a specialist degree that takes 12 or 16 months to finish. According to the Financial Times Global Masters in Finance Pre-Experience Ranking 2022, the degree is rated second in North America and twenty-fifth globally. 

Canadian students must pay $48,960 CAD in tuition. The cost is $57,465 CAD for students from outside of Canada. The $125.71 application fee is non-refundable.

4. University of Alberta 


The University of Alberta is one of Canada's top institutes for research and was founded in Edmonton in 1908. It is a leading university in the globe for research and development in many different fields. Numerous financial programmes are available via the Alberta School of Business at the University of Alberta, including undergraduate majors, honors degrees, MBAs, and doctoral degrees. The University of Alberta's full-time MBA programme gives students the option to focus on MS in finance in Canada. With an emphasis on business difficulties and organizational growth, it aids students in advancing their professional careers. Graduate candidates can attend the University of Alberta and get teaching of the highest caliber in small classes with enhanced individualized attention. Students who specialize in finance can find employment in a variety of fields, such as corporate finance and investment banking, venture capital, private equity, and more.

The registration-based methodology is used to determine the tuition for domestic students. The students can see the fee assessment after registering. For Canadian students, the cost is around $54,000 CAD. The program-based methodology is used to determine the tuition fees for overseas students. For overseas students, the cost is around $60,000.

5. Queen's University at Kingston 


One of Canada's oldest universities is Queen's University. Since its founding in 1841, it has represented the pinnacle of success in business education and research. It is one of the best colleges in the world and currently holds the seventh spot on the Times Higher Education Impact Rankings List. Some of the greatest graduates in the business and financial fields have come out of Queen's University's Smith School of Business. The institution maintains exchange agreements with more than 100 business schools throughout the world. One of the greatest finance-related programmes in the world is the Master of Finance programme provided by the Smith School of Business. There are two options for getting the degree: full-time classroom instruction or a hybrid of the two (part-time). It can also be interpreted to mean that professionals can keep working while finishing their MFin degree. The Toronto chapter of the CFA society is a close partner of the MFin programme, which is a CFA Institute Program Partner. The curriculum boasts of having top-notch instructors, outstanding industry collaborations, chances for hands-on learning, and career advancement centers to assist graduates in making the correct career choice.

For the MFin programme, local students must pay $40,300 CAD in tuition, but overseas students must pay $73,300 CAD.

6. University of Waterloo


In 1957, the University of Waterloo was established. It is regarded as Canada's top university for experiential education. Over 42,000 students from a range of academic fields attend the university's six faculties across its four locations. A Master's in Quantitative Finance (MQF) programme is available at the University of Waterloo's School of Accounting and Finance. Math, statistics, finance, econometrics, and computer science are among the core topics covered in the curriculum. Thesis and research paper are the two alternatives available for the four-term curriculum. 

Domestic students pay full-time tuition and incidentals of $4,224.00 CAD and $548.95 CAD each term, respectively. Full-time tuition and incidentals are $6,518.00 CAD and $800.95 CAD for foreign students, respectively.

7. Universite de Montreal


One of the biggest universities in Canada is the Universite de Montréal. It is the fourth-best institution in the nation and is well-known around the world for the caliber of its research and educational output. For students who want to pursue a profession in MS in finance in Canada, the Universite de Montréal's HEC Montréal offers a Master of Science in Finance degree. For its undergraduate and graduate management education and research programmes, HEC Montréal has won recognition on a global scale. HEC Montréal is one of the best business schools in both Canada and the globe, offering more than 60 programmes. Students who are interested in working as financial analysts or advisors might benefit from the MSc Finance courses. Economics and quantitative approaches are covered in the curriculum. The application of econometrics, statistical understanding, and theoretical knowledge is ongoing. Capital markets, financial evaluation models, and other financial topics are thoroughly examined. Additionally, by assisting students in assimilating into Canadian society, French language classes might increase their likelihood of being hired on the Canadian labour market.

For the first four terms, local students pay $14,200 CAD in tuition while overseas students pay $30,800 CAD. The cost to enroll online is $310.63 CAD.

8. Western University


One of Canada's finest institutions is the University of Western Ontario, also known as Western University. It is highly known for its research-heavy programmes and commitment to delivering top-notch education. It is one of the most diverse colleges in Canada, with students coming from over 120 different nations. Those seeking to launch a career in business or finance can obtain case-based business education at Western University's Ivey Business School. A Master of Financial Economics (MFE) degree is offered at Western University's School of Social Science. The Faculty of Law, Ivey Business School, the Department of Economics, and the Department of Statistical and Actuarial Sciences are all partners in this joint initiative. The MFE programme is a 16-month graduate programme that emphasizes courses and seeks to enroll individuals who have analytical and quantitative skills. As a result of the integration of the academic units, students' understanding of quantitative abilities is guaranteed, and their skills in analysis, mathematics, statistics, and economics are also enhanced.

The total cost of tuition for students from Canada will be $45,164 CAD for four terms. The tuition for out-of-country students is $80,568 CAD for four terms.

9. York University


One of the biggest institutions in Canada, York University is regarded as one of the best in the world for research and development. In terms of achieving the UN's sustainable development goals, York University is ranked 35th in the world according to the Times Higher Education World Rankings. The Schulich School of Business at York University has received accolades from a number of groups, including Corporate Knights, Forbes, and CNN Expansion, ranking it among the top business schools in Canada. The Schulich School's Master of Finance (MF) programme offers comprehensive real-world training and the analytical basis necessary for a prosperous career in finance. Students may learn about corporate finance, risk management, private equity, and other important financial subjects through this curriculum. The MF programme also collaborates with the Global Association of Risk Professionals' Financial Risk Manager (FRM) accreditation and the Chartered Financial Analysts (CFA) organization (GARP). The MF covers a significant portion of CFA, allowing students to get ready for the three levels as they progress through the course.

The three academic periods that make up the full-time MF programme each last one semester, or 12 weeks. For Canadian students, the full-time MF programme costs $ 54,000 CAD, while it costs $ 84,100 CAD for students from other countries who are on a study permit or visa. the $150 CAD application fee.

10. University of Calgary


In 1966, the University of Calgary was established. It has five locations throughout the world, more than 14 faculties, and 250+ programmes available for prospective students to select from. The university has continuously been listed as one among Canada's top 10 universities. The institution is highly regarded for the high caliber of its instruction and is listed as one of the top five research-oriented universities in Canada. Additionally, it has gotten more than $480 million CAD in research funding. The University of Calgary's Faculty of Graduate Studies provides MBA programmes with a variety of concentrations, including finance.

The thesis-based tuition fees for domestic students are $3,533.28 CAD annually while for international students, it is $8,242.68 CAD.



A MS in finance in Canada from one of Canada's top colleges can open doors to amazing possibilities abroad. Additionally, the MS in finance will undoubtedly assist you in creating a promising future in Canada due to the increase in demand for financial graduates in that country.



Frequently Asked Questions (FAQs)

Which are the best finance universities in Canada?

The best universities for finance masters in Canada are:  

  • University of Alberta 
  • University of Toronto
  • Humber College 
  • McGill University

Masters degree programs can range from around 30,000 CAD to 88,000 CAD yearly, depending on your chosen university.

 Some career prospects include: 

  • Pursuing higher education
  • Starting your own business in accounting management
  • Get employed as a financial manager, financial consultant, risk manager 
Mentr Me
Follow us on:
Reach Out to us:
MentR-Me Education Pvt. Ltd.
Fourth Floor, Vijay Tower, Panchsheel Park North, Panchsheel Park, New Delhi-110049
Copyright © 2021 MentR-Me. All rights reserved.