MBA Finance Jobs in Canada open up a multitude of career paths and include such positions as Financial Analyst, Finance Manager, Financial Controller, Project Manager, Business Analyst (IT) and Management Consultant in Deloitte, PwC, KPMG and Ernst & Young (EY) among other companies. According to the QS Graduate Employability Ranking, there are a total of 3 top universities in Canada that are among the top 100. These universities are renowned for producing the most employable graduates in Canada.
MBA in Canada offers good career prospects to international students. After an MBA in Finance in Canada, international students can stay and work in Canada for up to three years with the PGWP. They can also complete an internship during the MBA Finance program. The average annual salary earned by MBA graduates with finance specialisation is CAD 141,231 (equivalent to 87.77 lakhs INR).
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Top Universities for MBA in Finance in Canada
The QS Graduate Employability Ranking highlights leading universities for MBA Finance in Canada for producing employable graduates. The table below showcases the average annual salary earned by graduates after an MBA in Finance in Canada.
| QS Graduate Employability Ranking | University | Annual Average Salary (in USD) | INR Equivalent |
|---|---|---|---|
| #21 | University of Toronto | 123,438 | 76.71 lakhs |
| #101-110 | Queen’s University | 135,898 | 84.45 lakhs |
| #=43 | Western University | 141,231 | 87.77 lakhs |
| #99 | University of Alberta | 93,000 | 57.79 lakhs |
| #301-500 | Concordia University | 98,000 | 60.90 lakhs |
| - | University of British Columbia | 98,336 | 61.11 lakhs |
| #301-500 | York University | 97,725 | 60.73 lakhs |
| - | McGill University | 99,000 | 61.52 lakhs |
Job Opportunities in Canada for MBA Finance
International students can complete a 4-month internship during the MBA Finance program. After an MBA in Finance in Canada, international students can work in Corporate and Investment Banking, Venture Capital, Private Equity, and corporate finance divisions of public and private companies. Here are some of the popular job roles:
- Investment Bankers
- Chief financial officers
- Traders
- Venture Capitalists
- Money and Portfolio Managers
The table below outlines projected job openings from 2022 to 2031 for MBA in Finance, sourced from Canada's Labour Market Information Survey. It also highlights the average annual salaries for MBA graduates in these roles.
| Professions | New job openings (2022-2031) | Average Annual Salary (in CAD) | INR Equivalent |
|---|---|---|---|
| Financial Analyst | 23,700 | 63,510 | 39.47 lakhs |
| Finance Manager | 33,700 | 90,190 | 56.05 lakhs |
| Financial Controller | 88,000 | 86,903 | 54.00 lakhs |
| Project Manager | - | 85,342 | 53.03 lakhs |
| Business Analyst (IT) | 20,400 | 68,411 | 42.51 lakhs |
| Management Consultant | 68,700 | 92,455 | 57.45 lakhs |
Top Recruiters for MBA in Finance in Canada
According to Canada's Labour Market Information Survey, there are many jobs in the finance sector. International students who want to study MBA in Canada with a specialization in Finance are probably going to be employed in the company they want. Here is a list of leading recruiters and the average annual salaries graduates achieve after an MBA in Finance in Canada.
| Top Recruiters | Average Annual Salary (in CAD) | INR Equivalent |
|---|---|---|
| Royal Bank of Canada (RBC) | 98,425 | 61.17 lakhs |
| Toronto-Dominion Bank (TD) | 76,523 | 47.55 lakhs |
| Bank of Montreal (BMO) | 68,627 | 42.65 lakhs |
| Scotiabank | 61,542 | 38.24 lakhs |
| CIBC (Canadian Imperial Bank of Commerce) | 65,513 | 40.71 lakhs |
| Manulife | 90,000 | 55.93 lakhs |
| Deloitte | 52,311 | 32.51 lakhs |
| PricewaterhouseCoopers (PwC) | 64,000 | 39.77 lakhs |
| KPMG | 78,000 | 48.47 lakhs |
| Ernst & Young (EY) | 82,000 | 50.96 lakhs |
MBA Finance Placements in Top Business Schools of Canada
The success rate for top business schools with an MBA in Finance is between 89% and 96%, with most locating placement within three months after graduation. The average post-MBA salary companies offer is typically up to CAD 141,231 (equivalent to 87.77 lakhs INR).
| School of Business | Employment rate within 3 months of graduation | Average Total Salary (CAD) |
|---|---|---|
| Rotman School of Management | 96% | 123,438 (76.71 lakhs INR) |
| Smith School of Business | 96% | 135,898 (84.45 lakhs INR) |
| Ivey Business School | 92% | 141,231 (87.77 lakhs INR) |
| Alberta School of Business | 94% | 93,000 (57.79 lakhs INR) |
| UBC Sauder School of Business | 92% | 98,336 (61.11 lakhs INR) |
| Schulich School of Business | 89% | 97,725 ( 60.73 lakhs INR) |
Stay Back After MBA in Finance in Canada
The Post-Graduation Work Permit (PGWP) in Canada provides international students with an excellent opportunity to gain valuable work experience after completing their studies. After graduation, international students can stay and work in Canada for up to three years with the PGWP. Make sure to apply for the PGWP within 180 days of completing your program.
How to find MBA Finance Jobs in Canada
These are a few ways to search for an MBA Finance Job in Canada:
- Online Job Boards: Use job search sites like Indeed, LinkedIn, Glassdoor, Monster, and CareerBuilder to find MBA Finance Jobs in Canada.
- Students may also look at the career pages on company websites for job vacancies.
- Students can also check job openings on the government job portals.
- Join LinkedIn groups related to finance and expand your network.
- Focus on extensive research on the company's career pages related to MBA Finance Jobs in Canada.
FAQs
Ques. Is an MBA in Finance in demand in Canada?
Ans. According to Canada's Labour Market Information Survey, there are many jobs in the finance sector. International students who want to study MBA in Canada with a specialization in Finance are probably going to be employed in the company they want. From 2022-2031, new job openings include 23,700 Financial Analyst roles, 33,700 Finance Manager positions, 88,000 Financial Controller jobs, 20,400 IT Business Analysts, and 68,700 Management Consultant opportunities.
Ques. What is the salary for an MBA in Finance in Canada?
Ans. The average annual salary earned by MBA graduates with finance specialisation is CAD 141,231 (equivalent to 87.77 lakhs INR). The top recruiters in the field are Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), Scotiabank, CIBC (Canadian Imperial Bank of Commerce), Manulife, Deloitte, PwC, KPMG and Ernst & Young (EY).
Ques. Which job is suitable for an MBA in Finance?
Ans. After an MBA in Finance in Canada, international students can work in Corporate and Investment Banking, Venture Capital, Private Equity, and corporate finance divisions of public and private companies. Here are some of the popular job roles:
- Financial Analyst
- Finance Manager
- Financial Controller
- Project Manager
- Business Analysts (IT)
- Management Consultant
- Chief financial officer
- Traders
- Venture Capitalists
- Money and Portfolio Managers
- Investment Bankers
Ques. What are the key industries in Canada where MBA Finance graduates can find employment?
Ans. MBA Finance graduates in Canada can explore opportunities in industries such as banking, investment management, consulting, healthcare, technology, and energy sectors.
Ques. Which Canadian cities offer the best opportunities for MBA Finance jobs?
Ans. Cities like Toronto, Vancouver, Calgary, and Montreal are major hubs for finance-related roles, given the presence of numerous financial institutions and corporate headquarters.
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