The 10 Best Universities to Study Finance in Canada [2024]

Here we’ve listed the best universities to study finance in Canada and ensure your professional success in the competitive field of finance. Explore these leading financial education institutions that offer high-quality programs, industry connections, and a unique campus living experience. 

From outstanding accounting programs to cutting-edge research opportunities, these universities are sure to boost your career in the world of finance.

1. University of Toronto

The University of Toronto is known for its renowned finance program, its outstanding world-class faculty, and its extensive network of successful alumni in the financial sector.

2. McGill University

With its Desautels Faculty of Management, McGill University offers world-renowned finance programs and research opportunities in collaboration with industry leaders.

3. University of British Columbia

The Sauder Faculty of Business at the University of British Columbia offers rigorous finance programs and a wide range of specialization options in the field.

4. University of Western Ontario (Western University)

The Ivey Business School at the University of Western Ontario stands out for its hands-on approach to finance, case-based curriculum and close collaboration with industry.

5. Queen’s University

The Smith School of Business at Queen’s University is recognized for its world-class finance program, state-of-the-art facilities, and focus on business leadership.

6. University of Alberta

The Alberta School of Business at the University of Alberta offers finance programs focused on theory and practice, along with innovative research opportunities in the field.

7. University of Waterloo

The finance program at the University of Waterloo’s Lazaridis School of Business combines strong academic coursework with hands-on experience through internships and consulting projects.

8. University of Calgary

The University of Calgary’s Haskayne School of Business offers finance programs that focus on specialized areas such as banking, investments and risk management.

9. University of Ottawa

The Telfer School of Management at the University of Ottawa provides high-quality bilingual finance programs, combining a strong theoretical foundation with practical, real-world experiences.

10. McMaster University

With its DeGroote College of Business, McMaster University offers finance programs that integrate theory and practice, preparing students for the challenges of the business world.

UniversityNotable StrengthsTypeInternational studentsStudent/Teacher RatioCampus LifeConnections with Industry
University of TorontoRenowned finance program, world-class facultyPublictwenty%16:1Varied and enriching student activitiesExtensive alumni network in the financial industry
McGill UniversityGlobally recognized finance programs, collaboration with industry leadersPublic27%20:1Vibrant and multicultural campusGlobal connections with financial companies
University of British ColumbiaRigorous finance programs, wide range of specialization optionsPublic25%18:1Scenic location near mountains and oceanAlumni Network in the Financial Industry
University of Western OntarioPractical approach, curriculum based on real casesPublicfifteen%22:1Close-knit and lively university communityClose collaboration with the financial industry
Queen’s UniversityTop-notch finance program, state-of-the-art facilitiesPublic22%14:1Historical and traditional campusFinance Influential Alumni Network
University of AlbertaPrograms focused on theory and practice, innovative research opportunitiesPublic18%20:1Wide range of extracurricular activitiesCollaboration with local and global companies
University of WaterlooCombines solid academic courses with practical experiencePublic30%19:1Modern and technological campusInternship opportunities and consulting projects
University of CalgarySpecialized courses in banking, investments and risk managementPublic17%16:1Vibrant urban environment and outdoor activitiesConnections with local financial companies
University of OttawaBilingual programs, solid theoretical base and practical experiencesPublic26%23:1Bicultural and multicultural environmentClose relationships with government and private companies
McMaster UniversityIntegration of theory and practice, preparation for the business worldPublictwenty%17:1Green and socially active campusMentoring programs and industry connections

What is the Best University to Study Finance in Canada?

One of the best universities in Canada to study Finance is the University of Toronto. This institution stands out for its excellent reputation in the field of finance and offers a wide range of academic programs in this area. The University of Toronto has outstanding professors and finance experts, ensuring quality and up-to-date education.

Additionally, the University of Toronto’s Rotman School of Management is internationally recognized for its innovative approach to teaching finance. This approach is based on the integration of theory and practice, encouraging the development of analytical and decision-making skills in students. The finance programs at this school offer a balanced combination of theory and practical application, preparing students for real-world challenges.

Finally, the University of Toronto is located in a prime location, in the city of Toronto, which is one of the most important financial centers in Canada and North America. This placement provides students with networking and internship opportunities at leading companies in the financial sector, allowing them to gain experience and establish key contacts in the industry.

In short, the University of Toronto is considered one of the best options to study Finance in Canada due to its reputation in the field, its innovative approach to teaching, and its strategic location in a global financial center.

How much does it cost to study for a Finance degree in Canada?

Studying for a Finance degree in Canada can have a variable cost depending on the university and the province in which you are located. In general, tuition costs for international students are usually higher than for local students.

On average, the tuition cost to study Finance in Canada can range between CAD$20,000 and CAD$40,000 per academic year. However, it is important to keep in mind that this value does not include other additional expenses such as accommodation, food, books and study materials, transportation, health insurance, and extracurricular activities.

It is advisable to research and compare the prices of different universities in Canada, as well as investigate the possibilities of scholarships and financial aid available for international students. Additionally, some Finance programs may offer paid internship opportunities, which could help offset some of your study expenses.

What is the salary of a Finance graduate in Canada?

The salary of a Finance graduate in Canada can vary depending on several factors, such as work experience, level of education, geographic location, and the industry in which you work. However, in general, professionals in the finance field in Canada tend to have competitive salaries.

On average, a Finance graduate can start out earning around CAD$40,000 to CAD$60,000 per year in their first job. As they gain experience and take on more responsible roles, their salaries can increase significantly. Some professionals in the finance field in Canada can even earn six-figure salaries.

It is important to note that the salary may also depend on the type of Finance work performed. For example, working at a reputable financial institution or in the investment sector can result in higher salaries compared to working at a small local business.

What is the admission process to study Finance in Canada?

The admission process to study Finance in Canada may vary depending on the university and the specific program you wish to apply to. However, here is an overview of the process:

1. Research: Research Canadian universities that offer Finance programs and select the ones that meet your interests and academic requirements.

2. Admission Requirements: Check each college’s specific admission requirements, which typically include submitting academic transcripts, standardized test results (such as the SAT or ACT), letters of recommendation, and personal essays.

3. Application: Complete the online admission application for the university of your choice and provide all required documentation. Make sure you meet the established deadlines.

4. Evaluation: Once the university receives your application, it will be evaluated by the admissions committee. They may consider your academic qualifications, your extracurricular experience, your personal essays, and your recommendations.

5. Admission results: The university will notify you if you have been accepted or not. If you are admitted, you will receive an acceptance letter and details about the next steps to follow, such as the registration process and tuition payment deadlines.

Read Also: 10 Best Universities to Study Medicine in Canada

Remember that it is important to plan ahead and begin the application process with enough time to meet all requirements and deadlines set by Canadian universities.

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