Studying finance in Canada is a great decision to make to build a successful career in the finance industry. You will gain knowledge in areas of finance such as financial analysis, investment management and financial modelling. The universities in Canada that offer finance are known to impact students with the best knowledge in this field which makes them professionals globally. As a result, most aspiring professionals in finance aspire to study finance in Canada. Additionally, this country offers employment opportunities for graduates in this career path to have a smooth transition in their field of specialisation.

However, you need to have the required documents needed before you can gain admission to study finance in Canada. Every university has a limited slot for admitting students to their faculty. Therefore, you need to make sure that your qualifications meet the university’s eligibility criteria before you submit your application.

This piece will guide you through the qualifications and documents that are needed for studying finance in Canada.

Requirements needed to study Finance in Canada

  1. Complete your Secondary School Education

    You must have completed your secondary education before you can study finance in Canada. Additionally, you should have a strong foundation in subjects such as mathematics, accounting, calculus and English in your high school results. The overall minimum aggregate score you should have is 60-85%. However, this can differ across universities in Canada.

  2. English Proficiency Test:

    You must write an English Language proficiency test if English is not your first language. It can be tests such as IELTS, or TOEFL. This test can vary based on the university you apply to. Additionally, each school will have the minimum score that you should have in the English test. The minimum score for IELTS is 6.5 overall with 6.0 band scores.

  3. Submit your Academic Transcripts

    You must submit an academic transcript of your previous education. This transcript must contain all your courses and grades that you have studied. Additionally, this transcript must be an official one and it must be written in English.

  4. Write a Statement of Purpose

    Some schools may require you to write a statement of purpose. This is an essay that explains why you want to study finance in Canada and your career plans. This essay can be between 600 to 700 words.

Requirements for Masters Degree in Finance in Canada

  1. Have a Bachelor’s Degree

    You must have a bachelor’s degree before you can study master’s in finance in Canada. This bachelor’s degree must be a 4-year program from a recognised university. Additionally, this bachelor’s degree must be in a business administration field or a related field. Furthermore, the minimum GPA score for this course is 3.0 on a scale of 4.0.

  2. Obtain Academic Transcripts

    This is the most basic requirement needed to apply to study finance in Canada. You need to obtain the official transcripts of your previous education. This transcript should contain all the courses and grades you studied. Additionally, you should submit your transcript in English.

  3. English Proficiency Test

    You must write an English Language proficiency test if English is not your first language. It can be tests such as IELTS, or TOEFL. This test can vary based on the university you apply to. Additionally, each school will have the minimum score you should have in the English test. The minimum score for IELTS is 6.5 – 7.0. At the same time, TOEFL is 79 – 100.

  4. Write a Statement of Purpose

    A statement of purpose is a written essay or letter that describes why you want to study finance. This can be a letter of motivation as well as a personal essay. This document is a major requirement for your application. It should include crucial areas such as your educational background, your reason for choosing to study finance in Canada as well as your plans.

  5. GRE/GMAT

    Some universities in Canada may require you to submit test scores such as GMAT and GRE. The average required score for GMAT is 550 – 675. Additionally, the average required score for the GRE is 280 -330. However, this may vary based on the university’s requirements.

  6. Resume/CV

    You need to submit an updated resume or curriculum vitae showcasing your work experience and educational qualifications as well as expertise. Additionally, you can add your professional certifications if you have any.

  7. Letters of Recommendation

    You need to submit two or three recommendation letters during the application process. Additionally, these recommendation letters should come from your lecturers or employers. Therefore, you should not get a recommendation letter from your friends or family.

How to Apply

You can apply to Study finance in Canada through the university’s website. You can apply for the undergraduate program as well as the postgraduate degree.

Duration

The duration for studying finance in Canada can vary based on the program of your choice and the University. The Undergraduate program that will offer a bachelor’s degree lasts for a minimum of 3-4 years. However, a postgraduate program that will offer a master’s degree lasts for a minimum of 2 years.

Tuition Fee

The Tuition fee for studying finance in Canada varies based on the program as well as the University. Generally, the average tuition fee is between 15,000 CAD to 40,000 CAD. Additionally, International students pay higher tuition fees.

Universities in Canada that Offer Finance

  1. University of Toronto, Ontario
  2. University of British Columbia, British Columbia
  3. McGill University, Quebec State
  4. University of Waterloo, Ontario
  5. University of Alberta, Alberta
  6. York University, Ontario
  7. McMaster University, Ontario
  8. Western University, Ontario
  9. University of Calgary, Alberta
  10. Simon Fraser University, British Columbia
  11. University of Ottawa, Ontario
  12. Queen’s University, Ontario
  13. University of Montreal, Quebec State
  14. Laval University, Quebec State
  15. University of Manitoba, Manitoba
  16. HEC Montreal, Quebec State
  17. Concordia University, Quebec State
  18. University of Victoria, British Columbia
  19. Carleton University, Ontario
  20. University of Quebec in Montreal, Quebec State
  21. Wilfrid Laurier University, Ontario
  22. University of Guelph, Ontario
  23. University of Saskatchewan, Saskatchewan
  24. Dalhousie University, Nova Scotia
  25. Ryerson University, Ontario
  26. University of Windsor, Ontario
  27. Memorial University of Newfoundland, Newfoundland and Labrador
  28. University of New Brunswick, New Brunswick
  29. Brock University, Ontario
  30. Polytechnic School of Montreal, Quebec State
  31. University of Sherbrooke, Quebec State
  32. University of Lethbridge, Alberta
  33. University of Regina, Saskatchewan
  34. Saint Mary’s University, Nova Scotia
  35. Trent University, Ontario
  36. University of Winnipeg, Manitoba
  37. Lakehead University, Ontario
  38. Ontario Tech University, Ontario
  39. Laurentian University, Ontario
  40. Quest University Canada, British Columbia

In Conclusion, Studying finance in Canada can come with effective screening procedures for most universities. As a result, you must make your plans ahead and prepare every necessary document that is required. Additionally, you must confirm via the school’s website before applying. Finally, if you have any further questions or need assistance, please contact us.

Good luck!

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