Study MBA in Finance in Canada: Admission Process, Fees, and Top Institutions

Pursuing an MBA in Finance in Canada is an excellent choice for an international student. As Canada is known for its high-quality education, affordable fees, and enough job opportunities, it has become as a preferred destination for international students.

Explore the various aspects of pursuing an MBA in Finance in Canada, including the top universities offering the program, eligibility requirements, the application process, and post-study work opportunities.

• Cost-effective option for international students.
• 2 – 4 years of comprehensive courses.
• Scholarships ranging from CAD 10,000 to CAD 20,000.
• Post Graduate Work Permit for 4.5 to 6 years.
• 5 Lakhs job vacancies for Finance PG’s.

Why choose an MBA in Finance in Canada?

Pursuing an MBA in Finance in Canada offers a number of advantages. The country’s education system is known for its importance on practical learning and industry exposure, enabling students to cover the gap between theory and practice knowledge.

Additionally, Canadian universities provide a multicultural environment, promoting diversity and allowing students to build a global network. By studying in Canada, you can benefit from the country’s stable economy and connection to the international business community, paving the way for exciting career prospects.

Best MBA Colleges in Canada for MBA in Finance

Rank in Canada	University	Course Duration	Fees (CAD)
1	University Of Toronto	2 years	120,000 – 135,000
2	University of British Columbia	16 months	70,000 – 95,000
2	McGill University	20 months	90,000 – 100,000
3	Simon Fraser University	16 months	48,000 – 60, 000
4	McMaster University	20 months	57,000 – 89,000
5	Concordia University	20 months	39,000 – 49,000
6	University of Alberta	20	48,000 – 60, 000
7	University of Ottawa	1 year	33,000 – 61,000
8	Western University	1 year	105,000 – 120,000
9	University of Calgary	20 months	50,000 – 75,000
11	Queen’s University	16 months	83,000 – 106,000

Eligibility for admission

The students must have the following for admission in any Canadian university:

• A bachelor’s degree from a recognized university
• A competitive GMAT or GRE score
• A strong academic background
• Relevant work experience (varies by university)
• English language proficiency (TOEFL or IELTS)

Expenses for MBA in Finance in Canada

The cost of living in Canada depends on the city's area and personal lifestyle. Therefore, the Average cost of living in Canada is mentioned below.

Expense	Cost of Living (CAD)	Cost of Living (INR)
Books and Material/year	Up to 1,670	Up to 1 lakh
Health Insurance/year	550- 920	33,000 to 55,000
Food/month	250	15,000
Transport/month	30- 70	2,000-4,000
Entertainment/month	140	8,000
Phone & Internet/month	30	2,000

Requirements to study in Canada

Things required to study MBA in Finance in Canada are:

• Completed the application form and submitted it before the deadline.
• Transcripts of previous academic records are needed.
• Letters of recommendation are required.
• Statement of purpose
• Updated resume or curriculum vitae
• Proof of English language proficiency
• GMAT or GRE scores – (580 – 700)
• An application fee must submitted

Steps to apply for admission

Follow the steps to apply to any Canadian university for MBA in Finance:

• Research universities and their admission requirements.
• Prepare necessary documents.
• Fill the application form with the required details and from the university website.
• Attach the mentioned document to support your application.
• Review and submit your application along with the required fee.

Post-study work opportunity

After completing your MBA in Finance in Canada, you can use the post-graduation work permit (PGWP) program. The PGWP allows international students to work in Canada for up to 4.5 to 6 years, gaining valuable work experience and becoming eligible for permanent residency. This post-study work opportunity is an excellent advantage, as it enables you to apply the knowledge and skills you learned during your studies, further enhancing your career goals.