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Masters in Finance in Canada : Top Universities, Jobs & More

  • Affordable Canadian universities for finance include UBC (CAD 9,883/₹6.3L), HEC Montréal (CAD 16,750/₹10.7L), and Concordia (CAD 21,350/₹13.6L).
  • Finance jobs in Canada salary ranges CAD 70,000-115,000 (₹44.7L-73.5L) annually with quantitative analysts earning highest compensation.
  • Canada’s Post-Graduation Work Permit (PGWP) is valid for up to 3 years, allowing international graduates to gain valuable work experience.

For aspiring finance professionals, Canada is a standout choice: the country’s biggest banks posted strong profits in 2025 and are steadily strengthening their balance sheets, which keeps demand high for skilled talent in investment banking, risk, and financial analysis. 

Your finance career in Canada could span analyzing multi‑billion‑dollar loan portfolios, managing credit‑loss provisions, and building fintech solutions.

Why Choose Canada for Your Finance Education?

The country’s position as a global financial hub, coupled with its multicultural environment, creates the perfect landscape for finance education excellence.

  • World-Class Financial Centers: Toronto hosts the Toronto Stock Exchange (TSX), North America’s third-largest stock exchange, while Quebec’s pension fund management sector generates billions in returns annually.
  • High Demand: Canada’s banks are setting aside higher loan loss reserves, creating demand for risk analysts and financial experts who understand both traditional banking and emerging market dynamics.
  • Innovation Focus: Canada’s financial sector leads in fintech innovation, with over 1,200 fintech companies calling Canada home, creating demand for graduates who understand both traditional finance and emerging technologies.
  • Post-Study Opportunities: International students can apply for a Post-Graduation Work Permit (PGWP) valid for up to 3 years.

Top Universities for Masters in Finance in Canada

Canadian finance programs blend in-depth theory with practical training to prepare graduates for successful finance careers. Many programs are designed to be completed within 10–24 months.

QS Business Master’s Rankings 2026: FinanceUniversityProgramAnnual Tuition (CAD/INR)
17University of Toronto (Rotman)Master of Financial Risk Management (MFRM)CAD 74,650 (₹47.7L)
24McGill University (Desautels)Master of Management in Finance (MMF)CAD 72,524 (₹46.3L)
101–110HEC MontréalMSc FinanceCAD 16,750 (₹10.7L)
111–120University of Alberta (Alberta School of Business)Master of Financial Management (MFM)CAD 29,900 (₹19.1L)
131–140McMaster University (DeGroote)Master in FinanceCAD 63,346 (₹40.5L)
131–140Concordia University (John Molson)MSc FinanceCAD 21,350 (₹13.6L)
151–200University of Manitoba (Asper)Master of Finance (MFin)CAD 37,751 (₹24.1L)
151–200Simon Fraser University (Beedie)MSc FinanceCAD 61,351 (₹39.2L)
201+Saint Mary’s University (Sobey)Master of Finance (MFin)CAD 48,794 (₹31.2L)
UnrankedWestern UniversityMaster of Science (Financial Economics)CAD 29,656 (₹18.9L)
UnrankedUniversity of British ColumbiaMSc in Business Administration (Finance)CAD 12,468 (₹7.9L)

Eligibility Criteria for MS in Finance in Canada

Master’s in Finance courses in Canada seek students with solid quantitative and analytical skills, along with a clear interest in financial markets. Here’s a look at the core eligibility requirements.

Academic Requirements 

Undergraduate Degree: Four-year bachelor’s degree in Finance, Business, Economics, Mathematics, Engineering, or related quantitative discipline from a recognized institution.

Academic Performance: Minimum 70-75% marks (equivalent to 7.5 / 10 CGPA)

Education Credential Assessment: International students must obtain a credential evaluation from recognized agencies like WES (World Education Services), ICAS, or ICES to verify their degree equivalency.

15-Year Education Rule: Minimum 15-16 years of formal education (including school + undergraduate studies). Students with 14 years of education may need a relevant PG diploma or certificate program to bridge the gap.

Calculate your academic eligibility precisely using our CGPA Calculator to identify target universities that match your profile and optimize your application strategy.

Standardized Test Requirements

GMAT/GRE: Most top programs expect a GMAT Focus Edition score of 605+ (out of 805), or a GRE score in the range of 315 to 325.  However, some universities may waive GMAT/GRE for candidates with an exceptional academic record.

English Language Proficiency (May vary by university):

  • IELTS Academic: 7.0 overall (minimum 6.5 in each band)
  • TOEFL iBT: 90-100+
  • PTE Academic: 65+
  • Duolingo English Test: 120+

For IELTS preparation, join our FREE  IELTS Bootcamp course, which includes section-wise mock tests, real-time feedback, and guidance from certified instructors.

Top Job Roles, Salaries & Career Scope After Master’s in Finance

Canada’s financial sector offers exceptional growth opportunities across investment banking, corporate finance, risk management, and emerging fintech sectors. The aging workforce in senior finance positions creates accelerated promotion paths for skilled graduates.

Job RoleAverage Annual Salary (CAD / INR)Top Employers
Quantitative AnalystCAD 115,000 (₹73.5L)Citadel Securities, Two Sigma, Bank of Canada
Portfolio ManagerCAD 110,000 (₹70.3L)Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan, Manulife Investment Management
Corporate Finance ManagerCAD 105,000 (₹67.1L)Shopify, Canadian National Railway, Brookfield Asset Management
Investment Banking AnalystCAD 95,000 (₹60.7L)Goldman Sachs Canada, JP Morgan, CIBC World Markets
Risk Management SpecialistCAD 82,500 (₹52.7L)Scotiabank, National Bank of Canada, Sun Life Financial
Financial AnalystCAD 70,000 (₹44.7L)RBC Capital Markets, TD Securities, Bank of Montreal

Post-Study Work & PR Opportunities in Canada

Canada provides generous post-graduation work permits and multiple pathways to permanent residency. The points-based immigration system favors young, educated professionals with Canadian credentials and work experience.

Work Permit & Immigration Overview

Visa CategoryWho It's ForDurationKey RequirementsStatus
Post-Graduation Work Permit (PGWP)Recent graduates from Canadian institutions3 years• Program of at least 8 months at a designated learning institution


• Full-time study status maintained

• Language proficiency CLB 7 in all 4 skills
Work Permit - Leads to PR
Express Entry - Canadian Experience ClassInternational graduates with Canadian work experiencePermanent residency in 6-12 months1+ years Canadian work experience; Language proficiency (CLB 7+)Permanent Residency
Provincial Nominee Program (PNP)Graduates meeting specific provincial labor needs+600 CRS points (virtually guarantees PR)Match provincial criteria; Job offer preferred; Language requirements varyPermanent Residency

Key Takeaways

  • Canada’s financial sector is a global leader in fintech innovation, with over 1,200 fintech companies driving the need for tech-savvy finance professionals.
  • International students completing a Masters in Finance in Canada can apply for a Post-Graduation Work Permit (PGWP) valid for up to three years.
  • Top universities in Canada for finance include Toronto Rotman (QS #17) and McGill Desautels (QS #24).
  • Affordable Canadian universities for finance include UBC (CAD 9,883/₹6.3L), HEC Montréal (CAD 16,750/₹10.7L), and Concordia (CAD 21,350/₹13.6L).
  • Since top finance programs accept GMAT Focus Edition score of 605+ (out of 805) but may waive them for exceptional academics, focus on maintaining a high CGPA.
  • With banks expanding loan loss reserves, position yourself in risk management or quantitative analysis during studies to access CAD 82,500-115,000 (₹52.7L-73.5L) salary ranges.

Canada’s finance sector offers lucrative opportunities with top-tier education and strong career prospects. Transform your ambitions into reality with AdmitX guiding you through every step—from selecting the right program to securing your visa.

Our study-abroad services include:

And much more! 

Book your free study abroad counseling session with our experts today! 

FAQs

What are the top universities in Canada for MS Finance​?

The top-ranked universities include University of Toronto Rotman (QS #17, CAD 74,650/₹47.7L), McGill University Desautels (QS #24, CAD 72,524/₹46.3L), and HEC Montréal (QS #101-110, CAD 16,750/₹10.7L).

The most affordable options with annual tuition are: University of British Columbia (CAD 12,468/₹7.9L), HEC Montréal (CAD 16,750/₹10.7L), and Concordia University (CAD 21,350/₹13.6L). 

Students need a four-year bachelor’s degree in Finance, Business, Economics, Mathematics, Engineering, or related quantitative discipline with minimum 70-75% marks (equivalent to 7.5/10 CGPA), plus GMAT Focus Edition score of 605+ (out of 805) or GRE 315-325.

Students need a four-year bachelor’s degree in Finance, Business, Economics, Mathematics, Engineering, or related quantitative discipline with minimum 70-75% marks (equivalent to 7.5/10 CGPA), plus GMAT Focus Edition score of 605+ (out of 805) or GRE 315-325.

For students with a 3-year bachelor’s degree: You’ll need to bridge the educational gap with a Post-Graduate (PG) diploma in a relevant field to meet Canada’s 15-16 year education requirement.

Most top programs expect a GMAT Focus Edition score of 60+5 (out of 805) or GRE score in the 315-325 range, though many universities may waive GMAT/GRE for candidates with exceptional academic records.

Finance jobs in Canada offer salary ranges from CAD 70,000-115,000 (₹44.7L-73.5L) annually, with quantitative analysts earning the highest compensation at CAD 115,000 (₹73.5L).

Quantitative Analyst positions offer the highest salaries at CAD 115,000 (₹73.5L), followed by Portfolio Manager at CAD 110,000 (₹70.3L) and Corporate Finance Manager at CAD 105,000 (₹67.1L).

International students can apply for a Post-Graduation Work Permit (PGWP) valid for up to 3 years after completing their Masters in Finance program in Canada.

Requirements typically include IELTS Academic 7.0 overall (minimum 6.5 in each band), TOEFL iBT 90-100+, PTE Academic 65+, or Duolingo English Test 120+.

Canada hosts major financial centers like Toronto with the Toronto Stock Exchange (TSX), North America’s third-largest stock exchange, and over 1,200 fintech companies, creating excellent opportunities for finance graduates.

Graduates can apply through Express Entry Canadian Experience Class (requiring 1+ years Canadian work experience) or Provincial Nominee Program (PNP) which provides +600 CRS points, virtually guaranteeing permanent residency.

Prabhat Agrawal - Founder - AdmitX Study Abroad Consultant

Prabhat Agrawal

Prabhat, the founder of AdmitX, is a recognized expert in international education and admission consulting. Prabhat earned a Master’s degree in Management from ESCP Business School with a 100% scholarship, where he developed his skills in business and AI and worked with cutting-edge startups. Prabhat has helped over 1,000+ students get into global universities with maximum possible scholarships over the last 4 years. 

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