Top 10 Masters in Finance Programs in Canada

Introduction

Any student pursuing a career in finance would sooner or later look forward to enhancing their skills and scope in the industry with the help of a Masters in Finance degree program. It’s a no-brainer. But although it’s easier to decide on the next step in your journey, the nitty-gritty of it can leave any sane-minded human perplexed, not only to choose from a vast choice of courses but also to define the path and your plan to the finest of the details.

We understand this very clearly and help aspiring students to define their terms for study abroad programs and apply for the right ones for them easily. 

For the students that have set their eyes on studying in Canada, we have curated a list of the Top 10 MFin programs in Canada this 2025, classified based on their World QS ranking for the year 2024 in Finance.

List of Top 10 MFin programs in Canada

If your goal is to study at one of the top universities in Canada and gain from all that they have to provide along with the academic schedule, then you will find such important aspects highlighted within this list curated specially for you!

Based on their rankings for studying Masters in Finance, these are the top 10 institutes in Canada and their respective Masters in Finance courses you can choose from:

Rotman School of Management, University of Toronto

Course offered: Master of Finance

About:

• The Rotman Master of Finance is established as one of the leading finance programs in the country, with faculty recognized as world-class thought leaders in the field, and an alumni network with deep roots in the Toronto financial sector.
• It is a 20-month program that starts in September where the coursework program is completed within the first 16 months and the remaining four-month term is dedicated to the capstone project.
• Rotman provides students with tools to use both theories and experiential learning and grow their skill sets into value-yielding assets for themselves. The learning opportunities include activities like Technical workshops, Case competitions, Self-Development Labs (SDL), Mentorship, Events and speaker series, Creative Destruction Lab (CDL), and such.
• Tuition fees for international students in 2024 (Class of 2026) are about $ 94,000.

Schulich School of Business

Course offered: Master of Finance
About:

• Schulich School of Business is ranked as a highly-ranked business school and regarded as one of the most popular in Canada.
  
• The Schulich Master of Finance (MF) provides students with the robust real-world training and analytical foundation needed for a rewarding career in modern finance. Students develop their understanding of corporate finance, risk management, private equity, compliance and more. Courses place a strong emphasis on real-world applications and context.
  
• The total tuition fee for this tri-semester full-time Master of Finance course is estimated at $92,745 for international students.

Smith School of Business, Queens University

Course offered: Master of Finance
About:

• The Master of Finance program offered by the Smith School of Business is highly ranked. Beginning each year in June, Smith's Master of Finance.
• Students can earn a world-class degree in just 12 months without leaving their current job.
• Although this program can be completed while students work, it is considered a full-time program.
  
• The Master of Finance program at Smith is a CFA Institute Program Partner which provides numerous benefits for our students, including opportunities to attend CFA events, high profile guest speakers and CFA scholarships.
  
• The total tuition fee for this 12-month program surmounts to CAD 74,500 for international students.

Desautels Faculty of Management, McGill University

Course offered: Master of Management in Finance

About:

• Master of Management in Finance (MMF) is a 16-month specialized program in Finance that prepares students for a career in finance through a comprehensive curriculum that integrates advanced financial concepts and quantitative methods with real-world business practices.
• The semester begins in June, and it’s a full-time on-campus learning experience.
  
• International students' tuition fee is $67,797 for this particular course.

University of British Columbia

Course offered: MSc in Business Administration in Finance
About:

• The MSc in Business Administration program in Finance ranks at #47 in the World QS ranking system and usually takes two years to complete.
• Students normally take four courses per semester but may elect to enroll in only three courses during those semesters in which courses with particularly heavy workloads are taken.
• The program starts in September. It is a research-oriented program aimed at students who are interested in pursuing a PhD degree after completing this degree program.
  
• Finance MSc students typically have very strong academic records and undergraduate degrees (or even graduate degrees) in quantitative disciplines such as commerce, economics, mathematics, statistics, science, or engineering.
• Previous work experience is not required.
• Enrollment is limited and admission is highly competitive.
• The tuition fee for international students is $6,490-9,690.18.

HEC Montreal

Course offered: MSc in Finance
About:

• MSc in Finance at HEC Montreal is a 16-24 months full-time program in finance that emphasizes the importance of putting theory into practice through live practical training and learning.
• For this purpose, HEC Montreal has a dedicated NBI Fund of $5 million provided to a selected group of students to create a multi-asset portfolio and is one of the largest investment funds managed by students in Canada, allowing them to gain hands-on experience atop the existing academic training.
• Apart from this, HEC Montreal has also set up The National Bank Financial Trading room dedicated to creating a live atmosphere of a trading room at any major financial institution by using real-time financial data and Bloomberg and Reuters information and analysis services.
  
• The tuition fee for international students comes to $ 47,100 for this course.

Alberta School of Business

Course offered: Master of Financial Management
About:

• The Master of Financial Management (MFM) prepares professional accountants or other finance professionals who want to become financial managers and aspire to the roles of Controller, Treasurer, and Chief Financial Officer.
• It is a two-year full-time program.
  Master of Financial Management offered by Alberta School of Business is highly ranked and reputed all across the globe.
• They also offer a 6-unit Capstone Course with the coursework.
• The tuition fee for international students wanting to pursue this program is CAD 70,000.

University of Manitoba

Course offered: Master of Finance

•  The Asper Master of Finance is a CFA institute affiliation program.
• Typically this Master of  Finance is of a duration of 1 year. The program is divided into 3 terms which prepare the students for all three levels of exams needed to obtain a Chartered Financial Analyst (CFA) designation.
• The tuition fee for International students on a study permit is $36,000 with an additional fee of $3,000/year.

DeGroote School of Business, McMaster University

Course offered: Master of Finance

About:

• The Master of Finance program provides you with in-depth training in finance, emphasizing the development of the analytical skills required to address the increasingly complex problems faced by the financial industry.​
• The program is composed of four terms.
• Students will complete two four-month academic terms, followed by one four-month scheduled break providing students an opportunity to seek employment and complete external certifications.
• Students will return to complete one final four-month academic term to complete the program.
  
• The program involves 3 terms with a window between term 2 and term 3 for students to seek opportunities to intern and gain relevant on-field learning experience before returning to school.
• The tuition fee for international students amounts to a total of $ 56,916.

The John Molson School of Business

Course offered: MSc in Finance

About:

• The Master of Science (MSc) in Finance is a research-based Master’s degree program.
• Graduates of the program have strong quantitative and analytical abilities and a solid understanding of economic theory and research methodology.
  
• The business school has a curated list of activities to encourage experiential learning for the students. For example, the MSc students are invited alongside PhD students to participate in the Annual Graduate Research Exposition (AGRE) which is their flagship program for their graduate research students with financial prizes as well as work opportunities and a place to network with some high-profile dignities of the industry.
  
• They also have a designated Career Management Services team that helps students with internship opportunities to build a stronger resume.
• Along with the MITACS fellowships, there are numerous rewarding opportunities to gain experience from for the graduate students.
• The tuition fee for international students is $43,250.

These are the top 10 Master in Finance courses that top the charts every year. However, it's not fair to judge the caliber of a university or a course just by rankings. A few other courses are noteworthy and we have added them for you! Here are bonus courses that you might think of pursuing this 2025 if you are a finance or CFA enthusiast.

Sobey School of Business, St. Mary’s University

• Course offered: Master of Finance
  About: The Sobey School of Business Master of Finance (MFin) program is a challenging, demanding, and rigorous program in which you will gain the strategic financial skills that global employers demand. The Sobey MFin effectively prepares graduates for professional careers in Financial analysis and advising, Portfolio, and risk management, and Corporate finance The program thoroughly prepares students for the Chartered Financial Analyst (CFA) exams as well. In just one year, students have the tools and confidence to achieve career success in a highly competitive field. The Sobey MFin program is a formal CFA Affiliate.
  
  It is a 12-month program that will cost an international student $ 49,650 in terms of tuition fees, other than this there’s health insurance, book fees,s and living expenses to be considered.

Beedie School of Business, Simon Fraser University

Course offered: MSc Finance
About: This full-time, 16-month MSc Finance program aimed at students understanding the role of finance in business starts in September. It teaches students the fundamentals of finance, asset pricing, market risk management and credit risk management.
They also have a Student Investment Advisory Service (SIAS) Fund that allows a group of students to manage an investment portfolio with a market value of over CAD 21 million, along with guidance for developing a personalized career plan and securing employment opportunities. 

The tuition fee for this MSc Finance program is $ 64,004  along with student fees of $ 3,200-3,500 and course materials fee of CAD 2,200.

Western University

Course offered: Master of Financial Economics
About: This Master of Financial Economics (MFE) is a 16-month course-based graduate program, which includes a summer internship. Students acquire the analytical and quantitative skills to pursue successful careers in finance, investments, and risk management. The Western MFE provides the combination of practical and classroom experience required to succeed in a highly competitive and rapidly evolving financial marketplace.
This course program officially starts in September, while an orientation session is organized in the last week of August for students. They must clear four terms, wherein an entire term of term 3 is dedicated to a summer internship for students to gain skills and knowledge to deal with on-field work situations through practical learning experience.
The total tuition fee for international students to study this Master of Financial Economics course is CAD 83,796.

Conclusion

Canada houses a world-class education system with a thriving financial sector making it easier to pursue an MFin degree in Canada. In this blog, we have listed the top MFin programs in Canada to give you a headstart on your study abroad journey! Are you ready to take the next step? Book a session with our founder to get your study abroad started.