What are the differences between a master's (MS) and an MBA in Finance in Canada?

It provides specialized and technical focus on finance-related subjects like financial theory, quantitative techniques/methods, and financial modelling. MS in finance is of 1-2 years of program. It offers finance-related roles like financial analyst, portfolio manager, or risk manager. Meanwhile, an MBA in finance provides a comprehensive business education study with a finance focus. MBA programs cover business topics like strategy, marketing, and operations, in addition to finance subjects. MBA students are prepared for general management roles. The full-time MBA in finance in Canada is generally for 2 years.

What Exams Are Required to Study for an MBA in Finance in Canada?

You need a Graduate Management Admissions Test (GMAT) score. The average GMAT score for the top MBA colleges to do an MBA in finance in Canada is around 600-650. You also need previous relevant work experience and you have to take English language proficiency tests, like IELTS (7.0) minimum or TOEFL (96 iBT) minimum. You also need to submit a Statement of Purpose, 2 LORs i.e. one is professional and the other one is Academic-related. etc.

What is the scope of an MBA in finance in Canada?

Scope of an MBA in Finance in Canada is vast, with multiple job opportunities available for graduates. MBA graduates can pursue careers in banking, investment management and other key financial sectors. For eg, the Financial Analyst's average salary is CAD 160,000 per year, Corporate treasurer's salary is CAD 241,000 per year. The General Manager's salary is CAD 220000 per year.

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