Accounting and Finance Universities in Canada offer exceptional education in a field that is becoming increasingly important in the digital era. 7 Canadian Universities ranked among the top 159 in the world for accounting and finance according to Times Higher Education Ranking. Graduates from these institutions are prepared to handle the complex and continuously changing issues posed by contemporary accounting and financial standards.
Students can pursue accounting and finance courses in Canada at the undergraduate and graduate levels, including Bachelor of Commerce (BCom), Post-Graduate Diploma, and Masters degrees such as MFin (Master of Finance), MBA (Master of Business Administration), and MAcc (Master of Accounting). The length of these programs varies depending on the degree type and can range from one to two years for post-graduate diplomas, and two to three years for Master’s degrees. Undergraduate/ bachelor’s degrees in Accounting and Finance can take 3-4 years to complete. Graduates can pursue careers in accounting, finance, banking, and consulting, among others.
The cost of accounting and finance courses in Canada varies depending on the institution and degree type, with full program costs ranging from approximately 20,000 to 65,000 CAD. Nonetheless, there are numerous low cost universities in Canada, and many of them offer scholarships, bursaries, and other forms of financial aid to both local and foreign students to help defray the price of tuition and living expenses. Additionally, students may be qualified for co-op or internship programs that allow them to obtain real-world experience while simultaneously earning money.
We’ll go into more detail about the benefits of studying accounting and finance in Canada in this article. We’ll also showcase some of Canada’s top universities that offer degrees in accounting and finance, the prerequisites for entrance, and prospective career possibilities for graduates.
Overview: Study Accounting and Finance in Canada
| Course Duration | Bachelors: 3-4 years |
|---|---|
| Masters: 1-2 years | |
| Popular Programs Offered | Bachelor of Commerce, Master of Commerce, Master of Accounting and Finance, BBA, MSc in Accounting and Finance |
| Level of Study | Bachelor, Masters, Ph.D. |
| Average Tuition Fee | 20,000 CAD to 65,000 CAD/ year |
| Entrance Exams | GRE, GMAT |
Why Choose Canada for Accounting and Finance?
High-Quality Education
Canada has some of the best accounting and finance programs in the world, offering a rigorous and comprehensive curriculum that prepares students for a successful career in the industry. Canadian universities are known for their academic excellence, research facilities, and expert faculty. 11 Canadian universities are in the top 250 ranks according to QS University ranking 2023.
Professional Opportunities
Canada has a well-established professional accounting and finance industry, with top firms such as Deloitte, PwC, EY, and KPMG having a strong presence in the country. Many of these firms offer internship programs and employment opportunities for international students, providing valuable hands-on experience and networking opportunities. Moreover, students can work part-time in Canada during their education, some of the popular part-time jobs can help to gain practical work experience and build networking skills.
Immigration Pathways
Canada offers several immigration pathways for international students who want to work and live in the country after graduation. The Post-Graduation Work Permit (PGWP) program allows students to gain work experience in Canada for up to three years after completing their studies, which can help them qualify for permanent residency.
Top Universities Offering Accounting and Finance Programs in Canada
| Name of University | Times Higher Education Ranking for Accounting and Finance 2023 |
| University of Toronto | 25 |
| McGill University | 73 |
| University of Alberta | 101-125 |
| University of Waterloo | 201-250 |
| University of Manitoba | 401-500 |
| University of Saskatchewan | 501-600 |
| Concordia University | 551-560 |
| Carleton University | 601-800 |
Accounting and Finance in Canada: Top Universities, Courses, Entry Requirements, Fees, and Scholarships
Canadian universities offer top-notch programs in accounting and finance, with experienced faculty members and state-of-the-art technology. These programs provide students with a strong foundation in financial theory and analysis, as well as hands-on experience in real-world situations. Whether pursuing an undergraduate or graduate degree, students can expect to gain a deep understanding of financial accounting, management accounting, auditing, taxation, and other critical topics.
Canadian universities also offer opportunities for students to gain practical experience through internships and co-op programs, giving them a competitive edge in the job market. Graduates of accounting and finance programs in Canada are well-prepared to enter the workforce and make a positive impact in fields such as public accounting, financial analysis, investment banking, and corporate finance.
University of Toronto
The University of Toronto is a public research university located in Toronto, Canada. It is one of the top-ranked universities in the world, offering a wide range of undergraduate and graduate programs across three campuses. With over 90,000 students, it is also one of the largest universities in Canada and a leading institution in research and innovation.University of Toronto is one of the best global universities for Mathematics
The University of Toronto’s accounting and finance departments give students a thorough understanding of financial theory and practice. The faculty members are well-known academics and leaders in their fields, giving students access to cutting-edge research and real-world experience. Also, there are opportunities for students to obtain practical experience through co-op and internship programs, preparing them for lucrative positions in the financial sector.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Master of Accounting and Finance Program (MAccFin) | 3 years | 41,550 | Round 1: October 31 |
| Round 2: January 31 |
Admission Requirements: MAccFin
- An appropriate four-year undergraduate degree with a specialization in accounting or equivalent, with a minimum overall average of a mid-B in all core courses.
- Applicants whose primary language is not English and who graduated from a university where the language of instruction is not English must achieve: A Test of English as a Foreign Language (TOEFL) score of at least 580 overall on the paper-based test and 5 on the Test of Written English (TWE); 100/120 on the Internet-based test and 22/30 on the writing and speaking sections
- In special circumstances, a minimum score of 7.0 on the International English Language Testing System (IELTS) may be considered for admission
- Academic transcripts
- CV
- 2 Letters of references
Scholarships
Some of the scholarships available to international students studying at the University of Toronto are listed below.
| Name of Scholarship | Description | Amount in CAD |
|---|---|---|
| Burstow Scholarship | This grant is given to enrolled graduate students based on academic merit. | 15,000 |
| Delta Kappa Gamma World Fellowships | The mission of the Delta Kappa Gamma Society International is to promote the professional and personal growth of women educators and excellence in education. The World Fellowship Fund was established to provide opportunities for international women to pursue graduate studies in Canada and the United States. | 5,489 |
| Ontario Graduate Scholarship (OGS) | At Ontario’s publicly supported universities, the Ontario Graduate Scholarship (OGS) program promotes excellence in graduate studies. The OGS program has offered merit-based scholarships to the top graduate students in all academic fields from Ontario since 1975. The University of Toronto and the Province of Ontario collaborate to fund the university’s scholarship program. | 15,000 |
McGill University
McGill University is a public research university located in Montreal, Quebec, Canada. It was founded in 1821 and named after James McGill, a Scottish merchant. McGill is consistently ranked among the top universities in Canada and is recognized globally for its research and academic excellence. It offers over 400 programs across 11 faculties and schools.
In order to prepare students for employment in accounting and auditing and to give them instruction in financial analysis, risk management, and investments, McGill University offers accounting and finance courses.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| BCom (majors in accounting and finance available) | 3-4 years | 65,604 | January 15 |
| Master of Management in Finance (MMF) | 12-16 months | 60,345 | NA |
| Graduate Certificate in Professional Accounting (GCPA) | 16 months | 21,609 | December 15 |
Admission Requirements BCom
- English Language Proficiency: The minimum required score for TOEFL is overall 88 without any section less than 20 and 6.5 with no band less than 6 for IELTS.
- Academic Requirements: Applicants must have a strong academic record, particularly in math and other relevant subjects.
- You need a minimum of 85% in Standard XII. Math grades should be excellent
- Academic Transcripts
- CV
Admission Requirements Master of Management in Finance (MMF)
- Undergraduate degree and any additional academic qualifications
- Curriculum Vitae (CV)
- Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE)
- English Language Proficiency: IBT (Internet-Based Test): 86 overall, no less than 20 in each of the four component scores OR
- IELTS (International English Language Testing System): a band score of 6.5 or greater (Academic module)
- Essays : Explain why you intend to pursue your master’s in finance studies at this time (maximum 500 words).
- Explain how the Desautels Masters of Management in Finance program will help you achieve your professional goals (maximum 500 words).
- Two Reference Letters
Admission Requirements Graduate Certificate in Professional Accounting (GCPA)
- A minimum cumulative grade point average (CGPA) of 3.0 on a 4.0 scale
- Students with bachelor’s degrees from outside Canada will be required to take the Diploma in Accounting program offered by the school of continuing studies at McGDiploma in Accountingill University
Scholarships
Some of the scholarships available to international students studying at McGill University are listed below.
| Name of Scholarship | Description | Amount in CAD |
|---|---|---|
| One-year entrance scholarships | All applicants to McGill undergraduate degree programs are automatically considered for a one-year entrance scholarship provided they meet the minimum academic requirements. | 3,000 |
| Activity awards | Undergraduate students enrolled in courses receive activity awards to acknowledge particular community service. These are not simply determined by academic standing, and the majority call for student applications or other materials. | Varies |
| Work Study Program | The Work Study Program gives students who require financial assistance access to administrative, research, technical, library, and other employment on campus or in a few of the hospitals and institutions connected to McGill. Students who participate in the program might get experience and skills relevant to careers as well as financial assistance. | – |
University of Alberta
The University of Alberta is a public research university located in Edmonton, Alberta, Canada. The university, which was established in 1908 is one of the best commerce universities in Canada. The university is renowned for its dedication to research, which spans fields including energy and the environment as well as the social sciences and health. More than 40,000 international students live there as well.
The accounting and finance programs at the University of Alberta are taught by seasoned professors who are actively involved in research and industry, and they provide students with the abilities and information required to excel in the accounting and finance sectors. These schools prepare their graduates well for professions in consulting, accounting, and finance.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Bachelor of Commerce Finance | 4 years | 37,842 | March 1 |
| Bachelor of Commerce Accounting | 4 years | 37,842 | March 1 |
| Master of Accounting (Business) | 1 year | 20,608 | – |
| Master of Financial Management (Business) | 2 years | 20,911 | – |
Admission Requirement: Bachelor of Commerce Finance/ Bachelor of Commerce Accounting
- High school diploma or equivalent
- Minimum GPA of 2.3 (on a 4.0 scale) in five designated high school courses, including English Language Arts 30-1, Mathematics 30-1, and three additional subjects (Fine Arts, Humanities, Languages other than English)
- A score of at least 90 on the TOEFL iBT (Test of English as a Foreign Language – Internet-based) with no less than 21 on each band OR
- A score of at least 6.5 on the IELTS Academic (International English Language Testing System) with no band less than 6.0
- Academic Transcripts
Admission Requirement: Master of Accounting/Master of Financial Management
- An undergraduate degree with a GPA of at least 3.0 on a 4-point scale, or an equivalent degree and standing from a recognized institution.
- The last 60 completed graded units, or the equivalent of the last two years of full-time graded coursework, will be used to compute the admission GPA.
- Candidates should hold an appropriate undergraduate degree and related business or professional experience.
- TOEFL: total score of 90 with a score of at least 21 on each of the individual skill areas (internet-based) or equivalent;/Academic IELTS: 6.5, with at least 6.0 on each test band
- A list of accounting courses completed,
- two letters of reference,
- and a statement of purpose explaining how the MAcc relates to the applicant’s career goals.
- Selected applicants will be required to complete the MAcc interview process.
Scholarships
The University of Alberta accepts applications from international students for a variety of scholarships, some of which are listed here.
| Name of Scholarship | Description | Amount in CAD |
|---|---|---|
| Graduate Student Teaching Award | Students who work as sessional instructors on a part-time basis will also be given consideration for the prize. Graduate students who have just finished their term as graduate teaching assistants are not eligible to be nominated for the award. | Varies |
| BMO Financial Group Graduate Scholarship | Endowed by BMO Financial Group to support the recruitment and retention of outstanding graduate students at the University of Alberta | Varies |
| International Admission Scholarship | Top students could receive scholarships depending on admission
average. |
Up to 5,000 |
| Gold Standard Scholarship | The top 5% of students in each faculty is eligible for this scholarship, depending on the admission average. | Up to 6,000 |
The University of Waterloo
The University of Waterloo is a public research university located in Waterloo, Ontario, Canada. It was founded in 1957 and has since become known for its strength in cooperative education and innovation. Waterloo is consistently ranked as one of the top universities in Canada and is particularly renowned for its programs in engineering, computer science, mathematics, and business. The University of Waterloo is ranked number one for graduate employability in Canada according to QS World Rankings. Moreover, UWaterloo is ranked 2 for employer connectivity in Canada.
The University of Waterloo’s well-renowned accounting and finance programs give students a solid foundation in both industries. While the finance curriculum places a stronger emphasis on the concepts of financial management, investment analysis, and risk management, the accounting program concentrates on developing the technical and analytical abilities required for employment in public accounting, corporate finance, and government. During co-op work terms and extracurricular pursuits, students can also get practical experience.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Bachelor of Accounting and Financial Management (BAFM) | 4 years | 48,000 | – |
| Bachelor of Computing and Financial Management | 4 years | 53,000 | – |
Admission Requirements: Accounting and Financial Management
- Standard XII English, a minimum final grade of 75%. Standard XII Mathematics, a minimum final grade of 75%.(Standard XII Applied Mathematics is not accepted). Overall 85% Standard XII.
- The School of Accounting and Finance Admissions Assessment (SAFAA) online interview (part 1) and trait assessment (part 2) are required.
- If your first language is not English, you may need to meet our English language requirements (90 overall,25 writing, 25 speaking, IELTS 6.5 overall,6.5 writing, 6.0 reading,6.0 listening, 6.5 speaking)
- International students must also submit transcripts from all previously attended post-secondary institutions, regardless of whether a degree was earned
Admission Requirements: Computing and Financial Management
- Standard XII Mathematics (Standard XII Applied Mathematics is not accepted) and one other Standard XII academic course, with a minimum final grade of 90% in each. Standard XII English, a minimum final grade of 75%. All Standard XII courses: a minimum final grade of 85%.
- An Admission Information Form (AIF) is required for admission to this program.
- If your first language is not English, you may need to meet our English language requirements (90 overall,25 writing, 25 speaking, IELTS 6.5 overall,6.5 writing, 6.0 reading,6.0 listening, 6.5 speaking)
- International students must also submit transcripts from all previously attended post-secondary institutions, regardless of whether a degree was earned
Scholarships
Some of the scholarships available to international students from the University of Waterloo are listed below.
| Name of Scholarship | Description | Amount in CAD |
|---|---|---|
| President’s Scholarship of Distinction | Available to students admitted to full-time first-year degree studies at Waterloo and who are beginning post-secondary studies for the first time in September | Up to 2000 |
| Merit Scholarship | Available to students admitted to full-time first-year degree studies at Waterloo and who are beginning post-secondary studies for the first time in September | 1000 |
| School of Accounting and Finance Fellowships | The program offers a special four-year partnership that benefits the participants as well as the accounting and financial professions to SAF alumni and chosen students. | Up to 9000 |
University of Manitoba
The University of Manitoba is a public research university located in Winnipeg, Manitoba, Canada. It offers a wide range of undergraduate, graduate, and professional programs across faculties and schools such as Agriculture, Engineering, Medicine, and Law. The university is known for its strengths in Indigenous studies, Arctic research, and agricultural research, among others.
The University of Manitoba offers undergraduate and graduate programs in accounting and finance, including a Bachelor of Commerce with a major in accounting and a Master of Science in Finance. These programs cover topics such as financial accounting, taxation, auditing, investment analysis, and risk management, and prepare students for careers in accounting, finance, and related fields. The university’s Asper School of Business also offers opportunities for experiential learning, such as co-op placements and internships.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Accounting (BComm) (Honors) | 4 years | 32,220 | March 1 |
| Finance (BComm) (Honors) | 4 years | 32,220 | March 1 |
| Master of Finance (MFin) | 1 year | 38,800 | – |
Admission Requirements: Accounting/ Finance BComm Honors
- High school diploma or equivalent with a minimum average of 70% or higher ( 60% in Mathematics)
- English language proficiency test results, such as TOEFL or IELTS, with minimum scores of 86 (TOEFL iBT) or 6.5 (IELTS) for undergraduate programs.
- Completed application form and application fee.
- Official transcripts from all previously attended educational institutions.
- Letter of recommendation from a teacher or guidance counselor.
- Personal statement outlining your academic and career goals, achievements, and experiences.
- Resume or CV highlighting your extracurricular activities, volunteer work, and any work experience.
- English Language Proficiency: IELTS (Minimum score required: 6.5 overall, Minimum score of 6.0 in each of the four modules (listening, reading, speaking, writing) OR
- TOEFL iBT Minimum overall score of 86 without any section less than 20
Admission Requirements: Master of Finance
- A three-year Bachelor’s degree from an accredited postsecondary institution (in any discipline)
- A 3.0 entrance GPA (on a scale of 4.5) for the most recent 60 credits of university-level coursework. Calculating a student’s GPA from abroad
- Results of the Graduate Management Admissions Test (GMAT), with a minimum score of 550, from the previous five years.
- One of the following English language proficiency test scores from within the past two years, if applicable
- IELTS: 6.5 (speaking band minimum is 6) OR
- TOEFL: 86 (internet) – Minimum score of 20 is required in each of reading, writing, listening, and speaking categories OR
- PTE: (A) 61% OR
- AEPUCE: 65%
- CV
- 2 Letters of Recommendations
- Academic Transcripts
Scholarships
Some of the scholarships the University of Manitoba awards to international students are listed here.
| Name of Scholarship | Description | Amount in CAD |
| International Undergraduate Student Entrance Scholarships | The International Undergraduate Student Entrance Scholarship was established to reward academic excellence by international students graduating from international high schools and entering studies at the University of Manitoba. | Up to 3,000 |
| Nahlah Ayed Prize for Student Leadership and Global Citizenship | Given to students who exhibit a strong commitment to leadership through advocacy and who keep making a good effect on the world through their tenacious work. | Varies |
| University of Manitoba Graduate Fellowships (UMGF) | Students must have a minimum admission GPA of 3.0 to be considered for this award | 14,000 |
University of Saskatchewan
The University of Saskatchewan (USask) is a public research university located in Saskatoon, Saskatchewan, Canada. Founded in 1907, USask is the largest university in the province and is known for its expertise in agriculture, engineering, health sciences, and computer science. It offers over 200 programs across 17 colleges and schools.
Multiple undergraduate and graduate accounting and finance programs are available through USAK. These courses give students a firm grounding in management, financial analysis, and accounting concepts. The accounting and finance programs at USask equip students for successful careers in the financial sector with knowledgeable teachers and state-of-the-art facilities.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Bachelor of Commerce Accounting | 4 years | 32,610 | Winter: Sep 1 |
| Spring: Feb 1 | |||
| Summer: Mar 1 | |||
| Fall: May 1 | |||
| Bachelor of Commerce Finance | 4 years | 32,610 | “ |
| Master of Professional Accounting (M.P.Acc) | 2 years | 60,000 | – |
| Finance (MSc) | 2 years | 15,000 | Jan 31 |
Admission Requirements: Bachelor of Commerce Accounting/ Finance
- High school diploma or equivalency with a 70% minimum admission average
- Mathematics required in the study
- Applicants who were placed on a waitlist may, at the college’s discretion, be offered admission depending on their position on the queue (determined by admission average).
- Academic Transcripts
- English Language Proficiency (IELTS overall 6.5 without any bands less than 6, TOEFL iBT 86 overall without any section less than 19)
Admission Requirements: Master of Professional Accounting (M.P.Acc)
- A comparable four-year degree from an accredited college or university
- A cumulative weighted average of at least 70% over the previous two years of education (or its equivalent in the USask grade system) (ie. 60 credit units)
- Language Proficiency Requirements: International applicants and applicants whose first language is not English may be asked to provide proof of their English language proficiency: English Language Proficiency (IELTS overall 6.5 without any bands less than 6 OR TOEFL iBT 86 overall without any section less than 19)
- Academic transcripts
- CV
- Three letters of Recommendations
Admission Requirements: Finance MSc
- Language Proficiency Requirements: Proof of English proficiency may be required for international applicants and for applicants whose first language is not English.( IELTS overall 6.5 without any bands less than 6, TOEFL iBT 86 overall without any section less than 19)
- At least six USask equivalent credit units (one year) of Statistics and three USask equivalent credit units (half year) of Calculus
- Minimum cumulative weighted average of 75% (USask grade system equivalent) in the last two years of full-time study (e.g. 60 credit units)
- Minimum score of 500 on the GMAT or a GRE average (verbal, quantitative, analytical) score of 50th percentile
- Undergraduate degree from a recognized college or university in Business, Commerce, or a related field, with a major or substantial number of classes in Finance
- Academic transcripts
- CV
- Three letters of Recommendations
- Letter of Intent
Scholarships
The University of Saskatchewan provides its international students with a number of scholarships. A few of them are listed here
| Name of Scholarship | Description | Amount in CAD |
| Guaranteed Entrance Scholarships | When you submit an application for admission, you will be automatically considered for a Guaranteed Entry Scholarship. These scholarships honor your academic success and are given based on your overall GPA. | Up to 3000 |
| University of Saskatchewan International Excellence Awards | Upon acceptance, international students will be immediately considered for these awards, which are based on academic success. | 10,000 |
| Edwards Undergraduate Scholarships | open to students enrolled in the Bachelor of Commerce program at the Edwards School of Business at the University of Saskatchewan. | 24,000 ( 6,000/year) |
Concordia University
Concordia University is a comprehensive university located in Montreal, Canada. It offers over 500 programs of study, ranging from undergraduate to doctoral levels, in diverse fields such as engineering, arts, sciences, and business. Concordia is home to approximately 50,000 students from over 150 countries and has a vibrant campus life and community engagement.
A variety of accounting and finance degrees are available at Concordia University, including a Bachelor of Commerce in Accounting and a Master of Science in Finance. Via co-op and internship possibilities, these programs offer students a strong theoretical foundation in accounting and finance as well as practical skills and real-world experience. The programs are accredited by professional organizations including the Chartered Professional Accountants of Quebec and the CFA Institute, and the faculty members are seasoned professionals and researchers in the industry.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Accountancy (BComm) | 3 to 5 years | 27,278 – $32,120* | Fall: March 1 |
| Winter: November 1 | |||
| Finance(BComm) | 3-4 years | 27,278 – $32,120* | Fall: March 1 |
| Winter: November 1 | |||
| Finance (MSc) | 2 years | 37,131 | February 1 |
*Some international students may receive fee exemptions
Admission Requirements: BComm Accountancy/Finance
- High School Diploma: You must have a high school diploma or equivalent with a minimum overall average of B (75%) in academic grade 12 courses.
- English Proficiency: You must demonstrate English proficiency by submitting either a TOEFL or IELTS score (IELTS score of 7 or higher, no component score under 5.5, TOEFL iBT Score 90 or higher, with a minimum combined score of 34 for speaking and writing)
- Math Requirement: You must have completed Math 564 or its equivalent with a minimum grade of B.
- Application Documents: You will need to submit a completed application form, official transcripts, and other required documents.
- Personal statement.
- Letters of recommendation
- Resume.
Admission Requirements: Msc Finance
- The curriculum requires a high-achieving bachelor’s degree as a requirement. Applicants must have earned a Grade Point Average (GPA) of at least 3.00 on a scale of 4.30 from an authorized university and have maintained at least a B average in each of their last two years to be eligible for admission.
- Three letters of recommendation
- Proof of passing the Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) within the previous five years is required of applicants. Note that the GMAT is preferable over the GRE.
- English Language Proficiency (IELTS Overall score of 7.0 with no part below 6.5, TOEFL iBT 95 or higher and no part under 20 in each of the four components)
- Academic Transcripts
- CV
- Letter of intention
Scholarships
The list below includes some of the scholarships that Concordia University offers to students from abroad.
| Name of Scholarship | Description | Amount in CAD |
| Concordia Merit Scholarship | Awarded to students Concordia University enrolled students | 10,000 |
| Parental leave supplement award for graduate students | The Parental-Leave Supplement Award will give overseas graduate students taking parental leaves of absence financial assistance and give them breathing room without adding to their stress by making them worry that they might not have the money to continue or finish their education. | Varies |
| Michael Smith Foreign Study Supplements Program (MSFSS) | Open to students doing graduate studies at Concordia University. | Up to 6,000 |
Carleton University
Carleton University is a public research university located in Ottawa, Canada. It was founded in 1942 and has a student population of approximately 31,000. Carleton offers over 100 programs across its faculties of Arts and Social Sciences, Business, Engineering and Design, Science, and Public Affairs.
A variety of undergraduate and graduate accounting and finance programs are available at Carleton University, including a Bachelor of Commerce with a focus on accounting, a Master of Accounting, and a Master of Finance. These courses prepare students for professions in accounting, finance, and related fields by covering subjects like financial reporting, taxation, auditing, investment analysis, and risk management.
| Name of Program | Duration | Tuition Fee/ Year in CAD | Application Deadline |
| Bachelor of Commerce Accounting | 4 years | 36,017 | April 1 |
| Bachelor of Commerce Finance | 4 years | 36,017 | April 1 |
| Master of Accounting (MAcc) | 16 months | 37,097 | Summer: Jan 31 |
| Fall: May 31 | |||
| Master of Finance (MFin) | 16 Months | 37,097 | March 31 |
Admission Requirements: Bachelor of Commerce Accounting/ Finance
- HighSchool Diploma or equivalency
- Required subjects: English, Math (must be from post-secondary studies with a minimum grade of B)
- Calculus is recommended
- your most recent or highest level of education transcripts
- CV
- Letter of Recommendation
- English language Requirements: TOEFL iBT 86 (22 in writing and speaking, 20 in reading and listening) OR
- 6.5 IELTS (min 6.0 for each band)
Admission Requirements: Master of Accounting
- Hold a Bachelor’s degree with honors or the equivalent and a minimum GPA of B- (70%)
- Show that you have covered the ‘Entry’ level of the CPA Competency Map.
- Have an overall average of B+ (77%) in the prerequisite courses, with a minimum grade of C- (60%) in each of the required courses (courses that satisfy the entry-level requirements of the CPA Competence Map).
- Two letters of reference (Ideally at least 1 academic reference)
- A one-page Statement of Intent
- A copy of transcripts from all post-secondary institutions you have attended
- A resume
- A MAcc prerequisite form (upload as Preference Form)
- English Language Requirements: TOEFL 86 (20 in reading and listening; 22 in speaking and writing) OR
- IELTS (Academic) 6.5 overall(minimum 6.0 in each band)
Admission Requirements: Master of Finance
- Bachelor’s degree in business, economics, mathematics, statistics, actuarial science, data science, computer science, engineering, or another quantitatively-focused field with a four-year duration and a cumulative grade point average of “B,” which equates to 8.0/12 on the Carleton scale. The four years of study will be used to calculate the CGPA.
- English Language Requirements: TOEFL 86 (20 in reading and listening; 22 in speaking and writing) OR
- IELTS (Academic) 6.5 overall(minimum 6.0 in each band)
- Students having two or more years of relevant job experience in the financial industry may petition to be excluded from the internship requirement once enrolled in the program.
Scholarships
The list below includes some of the scholarships that Carleton University offers to students from abroad.
| Name of Scholarship | Description | Amount in CAD |
| Merit Scholarships | These scholarships are accessible to top-notch students and are based on your academic performance in your previous degree. | 1,000-12,000/year |
| Donor-Funded Awards | Based on academic achievement and financial need, Carleton administers several financial prizes. | Up to 20,000 |
| Ontario Graduate Scholarships (OGS) | Carleton graduate students pursuing master’s or doctoral degrees. Check the OGS website for the complete requirements, information on the application procedure, and application materials. | 5,000/term |
Career Opportunities in Canada After Accounting and Finance Degree With Salaries
The average accounting pay in Canada is $56,000 per year, or $23.14 per hour, according to talent.com. Most experienced workers earn up to $74,609 per year, while entry-level roles start at $37,050.The average finance salary in Canada is $65,520 per year or $33.60 per hour. Entry-level positions start at $45,709 per year, while most experienced workers make up to $111,423 per year.
There are many professional options accessible for people interested in pursuing a career in accounting and finance, which is a field in high demand in Canada. The following are some of the most sought-after accounting and finance professional pathways in Canada.
| Job Title | Description | Average Annual Salary in CAD |
| Accountant | Accountants play a crucial role in ensuring the financial health of organizations. They prepare financial statements, analyze financial data, and provide advice to their clients on tax planning and financial strategies. | 58,985 |
| Financial analysts | Financial analysts analyze financial data and provide recommendations to help organizations make informed financial decisions. They may work in investment banking, corporate finance, or other financial services industries. | 73,494 |
| Auditor | Auditors are responsible for evaluating the financial records of organizations to ensure compliance with regulations and standards. They may work in public accounting firms, government agencies, or corporations. | 41,700 |
| Tax Professional | Tax professionals help individuals and organizations comply with tax laws and regulations. They may work as tax accountants, tax lawyers, or tax consultants. | 65,149 |
| Risk Manager | Risk managers identify and evaluate potential risks that could affect an organization’s financial health. They may work in insurance companies, financial services firms, or government agencies. | 117,500 |
| Investment Banker | Investment bankers advise companies on mergers and acquisitions, capital raising, and other financial transactions. They may work in investment banks, private equity firms, or venture capital firms. | 150,000 |
Conclusion
Accounting and Finance Universities in Canada can offer students outstanding prospects to acquire expertise and abilities in the field of accounting and finance. Canada is a renowned hub for business and financial activities, with a robust economy and a stable banking system. The country’s state-of-the-art educational institutions and contemporary financial practices offer an exceptional platform for students to advance their knowledge and skills.
Also, students can interact with people from all over the world in Canada’s friendly, multicultural environment. Several academic institutions provide certificate programs, master’s degrees, and doctoral degrees in accounting and finance. Alumni from these programs are in high demand in the sector and have numerous work options in Canada and abroad. Book a free consultation call with one of our admission counseling specialists for additional details.
