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Best Universities in Canada for Finance – Study in Canada • AdmitAbroad

Best Universities in Canada for Finance - Study in Canada

Admit Abroad - Best Universities in Canada for Finance

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Finance and accounting positions have always been in high demand due to their high salary, job security, and renown. A bachelor’s degree in accounting or finance from a renowned university can lead to a number of high-paying positions in the industry. Finance and accounting has several specializations, and it is required in a wide range of institutions, including banks, government agencies, and financial entities. You’ll need a thorough grasp of statistics as well as the ability to assess, compare, and understand data to work in this industry.

Canada is the finest place to study finance because of its abundant career opportunities, scholarship opportunities, and world-class educational institutions. A degree from a prestigious Canadian university qualifies you for employment opportunities not only in Canada, but also around the world. Accounting and finance is a growing career in Canada, thus earning a degree in this field will almost surely pay off handsomely.

Admissions requirements for finance, economics, and accounting programs

For Undergraduate programs.

  • You’ll normally need a high-school equivalent diploma from your native country with a strong score or grade point average to be admitted into undergraduate programs in Canada and to acquire a bachelor’s degree in finance, economics, or accounting (GPA).
  • To qualify for admission to bachelor’s degrees in economics, finance, or accounting, you may additionally need to have studied high school level mathematics or calculus.
  • Admission to undergraduate programs at universities is tough, thus the higher your high school grades, the greater your chances of acceptance. Proof of English language proficiency—IELTS or TOEFL scores—will normally be required for international students whose first language is not English or who have not studied English in high school.
  • If your application is selected for further consideration, many schools will conduct interviews to determine which students best match the program’s admission requirements. Shortlisted students with outstanding extracurricular track records, such as participation in sports or volunteer activities, are also given precedence by some best universities in Canada.

For Graduate programs:

  • You must have a four-year (or four-year equivalent) undergraduate degree with a specialization in a related area to be admitted to graduate programs in Canada and to acquire a master’s degree in finance, economics, or accounting. Most universities evaluate prospective students based on their undergraduate grades (or at least your grades in your last two years of undergrad), so you’ll need at least a 3.0 GPA, or a 70 to 75 percent average, to get into a good university.
  • Canadian universities may require you to have studied calculus, microeconomics, macroeconomics, and statistics courses in your undergraduate program to be admitted to graduate-level economics programs. To qualify, you may additionally need to take the GRE and attain a minimal score.
  • Your academic grades, admission letter, professional and academic references, and, if selected, your admission interview will all be used to evaluate you for most graduate programs. All graduate programs taught in English require students to be fluent in the language. You’ll need a solid IELTS or TOEFL score if your undergraduate program was given in another language.


Best universities in Canada where you can complete your Finance degree and excel in your career:

1.University of Toronto:

The University of Toronto is a public research university in Toronto, which was founded in 1827, is one of Canada’s and the world’s most prestigious postsecondary education institutions. The University of Toronto creates outstanding new ideas on enhancing the quality of education in Canada as a research hub and distinguished degree provider. As a result, the process of accepting overseas students is inextricably linked to their academic success. The Master of Accounting and Finance program at the University of Toronto is part of the School of Graduate Studies.

 Fees for overseas students are as follows:

  • Depending on the program you choose, the foreign student fee for master’s degrees ranges from $54,640 CAD to $109,500 CAD for the whole program.
  • International students’ bachelor’s program fees are updated annually. The first-year tuition rate for students starting the program in 2022-23 is $60,490 CAD.

2. University of British Columbia:

The Institution of British Columbia (UBC) is a public research university located in Vancouver, British Columbia. In a variety of fields, the University of British Columbia is consistently ranked as one of the best research universities in the world. It has a number of strong relationships with universities, government agencies, and other relevant communities that support students interested in research and scientific breakthroughs. A separate school for accounting and financial studies exists at the University of British Columbia. The Sauder School of Corporate covers a wide range of courses in this field, including taxation, auditing, financial reporting and analysis, business operations, and accounting data, among others.

Fees for overseas students are as follows:

  • The total international tuition charge for the MA in Economics is $25,871 CAD, whereas the MSCB program costs $18,262.62 CAD.
  • The annual tuition charge for overseas students enrolled at bachelor’s programs ranges from $41,156 CAD to $53,254 CAD.

3. McGill University:

McGill University, located in Montreal, Canada, was founded in 1821 by King George IV under the vision of James McGill. The public institution, which is ranked #35 in the QS World University Rankings 2020 and offers 400+ programs, is your best choice for a great education. McGill University, which is famed for its MBA and programs in finance, analytics, law, and other subjects, should be on your list of colleges to consider if you want to work in banking.

Fees for overseas students are as follows:

  • For international students starting the MMF program in Winter 2022, the tuition rate is $25,662 CAD.
  • The international student tuition charge for the MA program is $9,330.90 CAD or $12,862.50 CAD, depending on whether you choose a thesis or non-thesis program.
  • The annual tuition fees for overseas students in the BCom and BA programs are $56,544 CAD and $26,500 CAD, respectively.

4. York University

York University is a public university in Ontario, Canada, that was founded in 1959. It is the second largest institute in Ontario and the third largest in Canada, with around 11 faculties in various fields. Students can enroll in outstanding law, management, and finance programs, as well as receive considerable financial aid.

Fees for overseas students are as follows:

  • The total tuition charge for the MAcc program is $56,700 CAD. To qualify for enrollment into the MAcc program, international students who have not finished their undergraduate studies in Canada must first complete an eight-month Diploma in Intermediate Accounting (DIAc) with a B-average (entering at Term 2).
  • The total cost of the MF and MA programs is $80,150 CAD and $12,550 CAD, respectively.

5. Université de Montréal

Consider the Université de Montréal if you want to pursue a career in accounting and have a strong command of the French language (UdeM). Finance, management, mathematics, and economics are among the specialities and graduate programs offered by the public university, which was founded in 1878 in Montreal, Canada.

Fees for overseas students are as follows:

  • The average annual tuition charge for graduate programs is $27,992.70 CAD.
  • The average annual tuition fee for overseas undergraduate students is $24,607.80 CAD.

6.Queen’s University: 

Queen’s University, in Ontario, Canada, was founded in 1841 by Queen Victoria’s royal charter and is routinely ranked among the best universities in Canada. Finance, accounting, and business administration are among the university’s 150+ graduate and undergraduate courses, with finance, accounting, and business administration being among the most popular. In Kingston, Queen’s also has the Smith School of Business, which focuses on business management degrees such as finance, commerce, and accounting.

Fees for overseas students are as follows:

  • The international tuition charge for the MA program is $51,709.80 CAD for the whole program.
  • The Master of Finance program has a total tuition price of $71,595 CAD.
  • For overseas students, the Graduate Diploma in Accounting costs $16,500 CAD.
  • The annual tuition charge for undergraduate arts programs is $50,925.60 CAD (for 30 credits).

7. University of Alberta:

The University of Alberta is a large public university in Canada that has a strong track record in several scientific breakthroughs, as well as highly qualified personnel and academics, all of which contribute to its illustrious reputation. The institution offers over 400 different courses to overseas students who want to study in Canada across its five campuses and 18 colleges.

Fees for overseas students are as follows:


  • The Master of Accounting program has a total tuition price of $50,400 CAD.
  • The cost of an MA degree varies depending on whether it is a course-based or thesis-based program, as well as the number of courses you choose. A thesis-based MA degree will typically cost $8,700 CAD per year.
  • For four years, the international student tuition rate for BA programs is roughly $118,000 CAD.
  • The tuition for the three-year BCom program is $105,000 CAD.



Canada is known around the world as a top study destination because of its world-renowned programs in every field of study and the high quality of education provided by Canadian universities. A degree in finance, economics, or accounting from a Canadian institution can help you prepare for your future profession and set you firmly on the path to success, whether you’re considering undergraduate or graduate studies. So what are you waiting for? Choose your path and fly since we all know the sky’s the limit.

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