June 19, 2023

Finance & Economics

Top 5 reasons to study finance courses in Canada.

In 2019, the Canadian government launched the ‘Building on Success’ International Education Strategy with a budget of 147.9 million dollars. This strategy focuses on diversity, inclusivity, and improving Canada’s innovation capabilities in the education sector. It aims to train students and the workforce with the necessary skills to compete in the global economy and promote employment opportunities.

Canada’s welcoming environment, affordable education, and multiculturalism have attracted a significant influx of international students. Studying finance in Canada opens pathways for permanent residence and work visas, and the demand for finance graduates has grown due to the country’s business opportunities.

 

Canada: A Hub of Top-Ranked Universities

Canadian universities offer a warm and inclusive environment for students from diverse backgrounds. Five of the top 100 universities globally are located in Canada, providing world-class education, including professional courses in finance. Postgraduate finance students in Canada learn essential skills for financial analysis and management.

Graduates have lucrative career prospects, with roles such as security analyst, market research analyst, bank manager, mortgage broker, or portfolio manager. Universities also encourage internships to gain industry experience and enhance employability.

 

Financial

Once you have made the decision to pursue finance courses in Canada, it’s important to conduct thorough research and consider various aspects related to your studies. Here are some key factors to consider when choosing a university for finance and budgeting courses in Canada:

  1. Language: Determine the primary language spoken at the university, ensuring it aligns with your language proficiency and learning preferences.
  2. Location: Consider the location of the university and assess factors such as proximity to major financial centers, networking opportunities, and quality of life.
  3. Accommodation: Research the availability and suitability of on-campus or off-campus accommodation options that meet your preferences and budget.
  4. Type of Degree: Explore the different types of finance and budgeting degrees offered, such as undergraduate, postgraduate, or specialized programs, and choose the one that aligns with your career goals.
  5. Fees and Financial Aid: Evaluate the tuition fees and financial aid options available, including scholarships, grants, and bursaries, to ensure affordability and financial support.
  6. University Reputation: Consider the reputation and rankings of the university, as this can impact the quality of education, faculty expertise, and industry connections.
  7. Cost of Living: Assess the cost of living in the university’s location to ensure it aligns with your budget and financial resources.
  8. Scope and Job Opportunities: Research the job market and career prospects in the finance and budgeting field in the region where the university is located, as this can influence internship opportunities, networking, and future employment prospects.

By considering these factors, you can make an informed decision when choosing a university and setting yourself up for a successful finance education journey in Canada.

 

Choose From a Wide Range Of Finance Courses To Study in Canada  

Finance is undoubtedly an integral part of everyday life. Every business emphasizes its financial management and revenue, as they are one of the driving forces behind business development and improvement. Canadian institutions offer international students many finance courses and a viable chance to learn and build a career in any professional courses in finance with world-class faculty and infrastructure.

Some of the most popular finance majors chosen by international students in Canada are:

  • International Business Management –  Duration: 16 months
  • Global Business Management –  Duration: 16 months
  • Financial Planning –  Duration: 16 months
  • Professional Accenting –  Duration: 16 months
  • Supply Chain Management Logistics –  Duration: 16 months
  • Project Management –  Duration: 16 months
  • Master of Financial Economics (MFE) –  Duration: 16 months
  • MSc Finance –  Duration: 16 months
  • Master in International Cooperation, Finance, and Development –  Duration: 1 Year
  • Master of Management in Finance (MMF) – Duration: 12- 16 months
  • MSc in Financial Analytics: Applied Modelling and Quantitative Methods – Duration: 12 months

Some Canadian Universities have also started offering online finance and budgeting courses for students who cannot travel to Canada for in-person classes in light of the current situation.

 

Your Future Is Secured, Scope And Jobs 

Canada houses some of the best banking and finance industries, including the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO), and Canadian Imperial Bank of Commerce (CIBC).

During the rough period of 2008-2009, when economies were struggling globally, Canada did comparatively well. So, if you are a student looking to pursue finance courses or related fields, Canada is an ideal destination for you to settle. Canadian universities charge a very nominal fee and the living and accommodation costs are relatively affordable than any other country.

Also, did you know? Most banks in Canada are directly linked to universities, so you do not have to worry about intermediaries when applying for an educational loan to pursue professional courses in finance! The recent changes by the President of Canada have made loan policies international student-friendly. People employed in the finance or banking industry make anywhere from C$31,639 to C$71,617, depending on skill, experience, and knowledge.

 

Uncomplicated, Simple, Beneficial, Eligibility Criteria And Perks

Canada is a very welcoming and friendly country, they love to host international guests and citizens. To welcome more international students to do postgraduate finance courses, the Canadian government and universities have simplified the enrolment criteria. Students only need to fulfill a few basic requirements to get admitted to a Canadian university. The academic and financial requirements are as follows:

Academics: 

  1. A high school education or the acceptable equivalent for an undergraduate degree
  2. 3-year undergraduate degree in finance courses or related fields for a postgraduate finance courses.
  3. Students also need a minimum of 60% and an IELTS score of 6.0 and above to qualify.

Finance:

  • Students also need to publish details of their finances to ensure that they can afford to live in Canada for the duration of their finance and budgeting course. Typically tuition fees plus C$10,000 for 12 months.
  • To get a student visa, the applicant must have a letter of acceptance from a designated learning institution, it could be either a college or a university. Tuition fees cost anywhere from C$11,000 to C$47,000, depending on the student’s university and course.

Perks:

As a student in a Canadian university, you will enjoy the added benefits of quicker access to jobs in Canada and Permanent residence status. Canadian universities, and the government, offer many grants and scholarships for international students to pursue their education in Canada.

 

Scholarships And Grants

The fees and living expenses in Canada are relatively low when compared to other countries are also one of the top 5 reasons to study finance courses in Canada. To support financially, the government also offers scholarships for deserving international students. Before applying for a university in Canada, look at the expenses and add a buffer amount. Realistically analyse how much you can afford and seek banks or organisations from your home country for loans, scholarships, and grants.

The Canadian government sets aside a sum of money for international student scholarships every year. You can log onto the government website to know what scholarships or governments are available and check your eligibility for the professional courses in finance. Canadian Scholarships include the Government of Canada International Scholarships and the Canada Student Loan program that international students can avail of on meeting the eligibility for postgraduate finance courses. The Canada student loan program for international students will incur the same interest rate as that of a permanent resident, and not all students qualify for the loan due to provincial laws.

We hope this overview of what to expect while applying for a course in finance in Canada helped you and convinced you to take a step forward towards your study abroad goals!

If you have any questions on top 5 reasons to study finance courses in Canada or would like to start your application process to one of the universities, our expert counselors can help.

Frequently Asked Questions

We've got answers for all your immigration related questions!

Canada offers numerous advantages for students from Nepal, making it a top destination for higher education. Here’s why studying in Canada could be the perfect choice:

  • World-Class Education System

Canadian universities and colleges are renowned for their high academic standards and globally recognized degrees.

  • Wide Range of Programs

From technical courses to arts and sciences, Canada provides diverse options tailored to your career aspirations.

  • Affordable Tuition Fees

Compared to other leading study destinations, Canadian tuition fees are relatively affordable, offering great value for a world-class education.

  • Scholarships and Financial Aid

Numerous scholarships and funding opportunities are available to help ease the financial burden for international students.

  • Safety and High Quality of Life

Canada is consistently ranked as one of the safest countries in the world, with an excellent quality of life for students.

  • Work While Studying

International students can work part-time during their studies, gaining valuable experience while supporting their living expenses.

  • Pathway to Permanent Residency

Canada offers favorable immigration policies, making it easier for graduates to transition to permanent residency.

  • Preferred Destination for International Students

With a growing community of International students, you’ll find a supportive network and cultural familiarity while studying in Canada.

The cost of studying in Canada varies based on factors such as your chosen program, institution, location, and lifestyle preferences. Tuition fees differ between universities and programs. On average, Students can expect to pay between CAD 15,000 to CAD 35,000 per year for undergraduate programs and CAD 10,000 to CAD 50,000 per year for graduate programs. To better plan your finances, it’s essential to consider these factors while budgeting for your studies in Canada.

The GPA requirement to study in Canada can vary depending on the institution and program you choose. Each Canadian university and college has its own admission criteria, and GPA requirements may differ across institutions. Generally, students should aim for a minimum of 60% or a GPA of 2.8. However, it’s essential to check the specific GPA and other requirements for your chosen program and university to ensure you meet their standards. We recommend reviewing the detailed admission guidelines for your selected institution to stay informed.

Yes, as an international student in Canada, you can work while studying. You are allowed to work up to 24 hours per week during regular academic sessions and full-time during scheduled breaks, such as summer and winter holidays, without the need for a work permit. If you are working on campus, there is no limit to the number of hours you can work, as long as you are enrolled as a full-time student at a designated learning institution (DLI). This offers valuable opportunities to gain work experience and support your living expenses while studying in Canada.

Yes, it is absolutely possible to secure a scholarship to study in Canada. Canadian universities offer numerous scholarship opportunities and financial aid options for international students. Whether you’re applying for a master’s or PhD program, you may be eligible for various funding options. At Aayam, we provide expert guidance throughout the scholarship application process, helping you maximize your chances of receiving financial support for your studies abroad. Contact us today to begin your journey toward studying in Canada with the help of a scholarship. We will guide you every step of the way.

After completing your studies in Canada, you may be eligible for a Post-Graduation Work Permit (PGWP). The length of the PGWP depends on the duration of your program, and it allows you to work full-time in Canada for up to 3 years. This provides an excellent opportunity to gain Canadian work experience, which can be beneficial if you plan to apply for permanent residency.

The Express Entry system is a points-based immigration program designed for skilled workers. Candidates are assessed based on factors such as age, education, work experience, language proficiency, and adaptability. Those with the highest scores are invited to apply for permanent residence. Express Entry is one of the fastest ways to immigrate to Canada.

The Provincial Nominee Program (PNP) allows Canadian provinces and territories to nominate individuals for permanent residence based on their skills, work experience, and ability to contribute to the local economy. Each province has its own criteria and may prioritize certain skills or occupations in demand within that region.

The requirements for immigration to Canada vary depending on the type of visa or immigration program you are applying for. Generally, you will need to meet criteria related to education, work experience, language proficiency, and health. Popular pathways include Express Entry, Provincial Nominee Programs (PNP), family sponsorship, and study permits. It’s crucial to understand the specific requirements for your chosen immigration program.

Yes, after holding permanent residency in Canada for at least 3 out of the last 5 years, you may be eligible to apply for Canadian citizenship. There are additional requirements such as language proficiency and knowledge of Canada’s history, laws, and government. Once approved, you can become a Canadian citizen with all the rights and privileges.