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Top Mfin Schools in Canada
Dhruvin Jain
Apr 12, 2025
8 mins read
MFin Colleges in Canada: A Snapshot
Canada is home to some of the top MFin schools in Canada, offering programs that prepare students for careers in finance, banking, and investment. With a strong economy and access to global job markets, Canada is a smart choice for international students looking to study finance.
Whether you're exploring the top business schools in Canada for MFin or aiming for the top 10 MFin schools in Canada, you'll find programs that combine classroom learning with real-world experience.
Why Choose Canada for an MFin Program?
Here’s why students from around the world pick Canada for their finance studies:
- Top-ranked universities: Business schools like Rotman, Schulich, and McGill are globally respected.
- Access to major financial hubs: Cities like Toronto, Montreal, and Vancouver offer internships and job placements with top firms.
- Post-graduation work options: Canada offers post-study work permits, helping students gain real job experience after their degree.
- Safe, multicultural environment: Canada is welcoming, diverse, and a great place to live and study.
Quick Stats on Finance Careers in Canada
| Metric | Data |
|---|---|
| Employment Rate (within 6 months) | 88% – 95% |
| Average Starting Salary (MFin grads) | CAD 60,000 – CAD 90,000 |
| Top Industries | Banking, asset management, consulting, fintech |
| Major Finance Cities | Toronto, Montreal, Vancouver |
| Top Employers | RBC, TD Bank, Scotiabank, Deloitte, Manulife |
Canada’s finance sector is growing, and there's a strong demand for skilled professionals. A degree from one of the top MFin business schools in Canada can open doors to jobs in North America and beyond.
Best MFin Schools in Canada
Canada offers a mix of top public and private universities that are known worldwide for their finance programs. These schools combine academic excellence, hands-on learning, and strong links to the finance industry. If you're aiming for a career in banking, investment, or fintech, these are the top MFin schools in Canada to consider.
When choosing a program, it’s important to think beyond rankings. The top business schools in Canada for MFin offer much more than just a great classroom experience—they connect you with mentors, job opportunities, and networks that can shape your future.
What to Consider When Choosing an MFin Program
Before picking a school, think about:
- Program Structure: Is it full-time, part-time, or executive format? Some offer flexible schedules.
- Faculty Expertise: Look for professors with real-world experience in banking, risk, or investment.
- Internship Options: Some programs include built-in internships or co-op opportunities.
- Networking Opportunities: Alumni connections and recruiter events can help you land interviews.
- Career Support: Does the school offer resume help, interview training, and direct links to top employers?
These are especially important if you're looking into top executive MFin schools in Canada or schools that specialize in working with international students.
Comparison Table: Top MFin Programs in Canada
| Business School | Tuition (CAD) | Program Length | Key Features | Avg. Salary After Grad |
|---|---|---|---|---|
| Rotman School of Management (U of T) | $69,000 | 20 months | Strong in asset mgmt & analytics | $90,000+ |
| Schulich School of Business (York) | $46,000 | 12–16 months | CFA-aligned, customizable path | $85,000+ |
| Desautels Faculty of Management (McGill) | $48,000 | 12 months | Focus on investment & corporate finance | $80,000+ |
| UBC Sauder School of Business | $45,000 | 16 months | Global exposure & finance labs | $82,000+ |
| Queen’s Smith School of Business | $52,000 | 10 months | Strong employer network & executive focus | $85,000+ |
| Concordia – John Molson School of Business | $35,000 | 16–24 months | Affordable, internship option available | $75,000+ |
| Université Laval / HEC Montréal | $10,000–$25,000 | 12–24 months | Public school value, French-English options | $70,000+ |
Canada offers excellent ROI through its top MFin business schools, whether you’re looking for fast-track programs, deeper academic learning, or global networking.
Top MFin Colleges in Canada: Best MFin Programs in 2025
Canada has many great schools for finance. If you want a career in banking, investment, or financial analysis, these are some of the top MFin schools in Canada you should know about. These programs offer strong classes, hands-on experience, and great connections with top companies.
1. Ivey Business School (Western University)
About the Program
Ivey’s Master in Finance (MFin) program helps students build strong finance and leadership skills. It focuses on real-life learning instead of just theory.
What Makes It Great
- Students learn by solving real business cases.
- Classes are small, so students get more attention from professors.
Career Results
- Graduates get jobs at big finance companies.
- Ivey has a strong alumni network to help students find jobs.
2. Schulich School of Business (York University)
About the Program
Schulich offers a Master of Finance that teaches students everything from investment to risk management. It also helps prepare students for the CFA exam.
What Makes It Great
- The program includes finance labs and real-world projects.
- You can choose electives to match your career goals.
Career Results
- Schulich has one of the best career centers in Canada.
- Many students get jobs before they even finish the program.
3. Queen’s University (Smith School of Business)
About the Program
Queen’s offers a flexible MFin program. It's perfect for people who want to work while studying or advance their careers in finance.
What Makes It Great
- Classes are held in the evenings and on weekends.
- The program teaches students how to handle real-world finance problems.
Career Results
- Queen’s is known for strong employer connections.
- Graduates work in top banks, consulting firms, and investment companies.
4. UBC Sauder School of Business
About the Program
UBC Sauder offers a Master’s program that focuses on research and analytics. It’s a good fit for students interested in data, modeling, and finance.
What Makes It Great
- Students use real finance tools in high-tech labs.
- You can work on research projects with professors.
Career Results
- Students have internship options in big companies.
- Many grads work in Canada, the U.S., and Asia.
5. HEC Montréal
About the Program
HEC Montréal has a Master in Finance that’s available in both English and French. It’s great for students who want an international experience.
What Makes It Great
- You can study in two languages.
- The program includes global finance case studies and exchange programs.
Career Results
- Students often get hired quickly after graduating.
- Graduates work in banks, investment firms, and government finance jobs.
6. University of Ottawa (Telfer School of Management)
About the Program
Telfer offers a finance-focused master’s degree that mixes theory with real business experience.
What Makes It Great
- Students do group projects and case studies.
- The school offers research work and close mentoring.
Career Results
- Graduates are hired by companies across Canada.
- The school helps students connect with alumni and recruiters.
These six programs are among the top MFin business schools in Canada. Each one offers something special, whether it's expert teachers, flexible schedules, or great job support.
Conclusion
Canada is a great place to study finance. It has some of the top MFin schools in Canada, offering programs that help students build strong careers in banking, investing, and other finance jobs. Schools like Ivey, Schulich, Queen’s, UBC Sauder, HEC Montréal, and Telfer stand out for their great teaching, job support, and strong links to top companies.
Each of these top business schools in Canada for MFin offers something a little different. Some have more hands-on learning. Others focus more on research or international experience.
How to Choose the Right MFin Program
Here are a few things to think about when picking your school:
- Career goals: Do you want to work in a bank, become an analyst, or join a tech company? Choose a program that matches your dream job.
- Budget: Some programs cost more than others. Look at tuition fees and check if scholarships are available.
- Study style: Some schools offer evening or weekend classes. Others are full-time. Pick what fits your schedule best.
- Location: Big cities like Toronto and Vancouver have more finance jobs. Smaller cities may offer a quieter place to study.
What to Do Next
To learn more and make a smart choice:
- Visit school websites
- Download program brochures
- Join online info sessions or webinars
- Talk to admissions teams or former students
Exploring your options will help you find the best fit. A degree from one of the top MFin business schools in Canada can open doors to exciting careers—both in Canada and around the world.
FAQs
Q1: How long does it take to complete an MFin program in Canada?
Most MFin programs in Canada take 1 to 2 years to finish if you're studying full-time. Some schools also offer part-time options, which are great for people who want to work while studying. Programs like Queen’s or Schulich offer flexible class times, including evenings and weekends.
Q2: What is the cost of an MFin program in Canada?
Tuition fees depend on the school:
At top MFin schools in Canada, tuition usually ranges from CAD 35,000 to CAD 70,000 for the whole program.
Living costs (housing, food, transport, etc.) add about CAD 15,000 to CAD 25,000 per year.
Don’t forget extra costs for things like books, supplies, and insurance.
Q3: Are there any scholarships or financial aid options available for MFin students in Canada?
Yes! Many top business schools in Canada for MFin offer financial help:
Merit-based scholarships for high grades
Need-based aid for students who need financial support
International student awards and school-specific fellowships
It’s smart to apply early because scholarships often have deadlines.
Q4: How do MFin graduates from Canadian schools fare in the job market?
Graduates from the top 10 MFin schools in Canada usually get jobs within 3–6 months of finishing their program. Many land roles at big firms like:
RBC
TD Bank
Deloitte
Scotiabank
Manulife
Starting salaries are often between CAD 60,000 and CAD 90,000, depending on the job and location.
Q5: What are the admission requirements for the top MFin schools in Canada?
Most schools ask for:
A bachelor’s degree in business, finance, economics, or a related subject
GMAT or GRE scores (some may waive this for strong academics or work experience)
A resume, statement of purpose, and reference letters
English test scores (like IELTS or TOEFL) if you’re an international student
Some programs also prefer work experience, but it’s not always required.
Q6: What are the career prospects for MFin graduates in Canada?
There are lots of good jobs for MFin grads. You can work in:
Banking
Asset management
Corporate finance
Fintech
Consulting
Many grads grow into higher-paying roles in a few years. Cities like Toronto, Vancouver, and Montreal are top spots for finance jobs.
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Dhruvin Jain
Articles: 20
Dhruvin Jain is the co-founder of MastersBuddy, a tech-first platform that has helped over 2500 students find and apply to top master’s programs globally. He is a master’s graduate from IE Business School, and is passionate about education, technology, and entrepreneurship.
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