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Vancouver, British ColumbiaLOCATION
Estd 1965Established Year
Simon Fraser UniversityParent College

Master of Science [M.Sc] (Finance)

 16 months
 full time
 on campus

Field of Study

$ 34,800 

1st Year

International Student Tution

Check Detailed Fees

Program Description

  • Simon Fraser University offers MSc in Finance with a duration of 16-months,  full-time program (4 semesters).
  • The program begins with two courses held online in mid-July, requiring about 3-4 hours of total work per week.
  • The classes are Online delivered for introductory courses and in-class delivered after introductory courses.
  • Finance program offers two areas of specialization: Investment Management and Risk Management
  • The MSc program helps the student to learn:
    • Blend finance theory with practice
    • Develop financial skills employers need
    • Manage a real-life investment fund
    • Learn industry financial platforms
    • Students are exposed to fundamental finance theory and practice, as well as learning practical programming skills in C++, VBA, and Matlab.
    • Students get opportunities to join the Student Investment Advisory Service (SIAS) Fund team to add an extra practical component to their learning experience and knowledge into practice.
    • Students may have an average work experience of 3.5 years and who do not have any work experience in Canada can participate in week-long, full-time externships.
    • The Finance program is accredited by the Association to Advance Collegiate Schools of Business International (AACSB).
    • The University class sizes are small and offer countless opportunities to work in teams and engage with the cohort.
    • Simon Fraser University ranks 1st every year in the Comprehensive University category according to MacLean’s 2020 in Canada.
    • Placements/Job opportunities after MSc Finance are Corporate Finance, Investment Banking, Accounting, etc.
    • The average salary goes up to 60,232 USD after the completion of the program.

    Program Highlights

    Degree Type Offered Master
    Duration16 months
    Fees$ 73,350 for 16 months
    Delivery TypeFull Time
    Admission Intake Round 2 (Deadline - Jan 31)
    Language Proficiency TOEFL,IELTS,PTE
    Program Url

    Eligibility & Entry Requirement

      Students with related Academic Qualification:

      • Bachelor's degree or related field from a recognized institution.
      • The related fields include a UG degree in business, commerce, economics, mathematics, physics, or other quantitative oriented programs.
      • GPA of at least 3.0/4.33 (B grade).

      Students with Relevant Work Experience:

      • The relevant work experience in financial services is more useful for students opting for the course-based M.Sc program
      • For the thesis-based M.Sc program, admission is offered based upon publications, participation in research projects, and academic awards.


      Students without related academic experience or work experience students are also encouraged to apply, given they have following requirement:

      • Holding a professional designation such as a PRM or FRM and evidence of strong mathematics competency would also be ideal candidates.
      • Students with a strong mathematical aptitude who have completed the graduate diploma in business administration offered by the University would be qualified for admission consideration.

      Indian Student Eligibility:

      Indian students are eligible to apply if they meet one of the following eligibility criteria:

      • Completed a 4-year UG degree with first class in a relevant field from a recognized institution
      • Or, completed a minimum of  3.0 CGPA in a quantitative discipline, which may include business, economics, mathematics, engineering or the sciences 

      Submission of a GMAT score of 550 and GRE exam (minimum of 155 in each section), however, it is recommended to submit the scores (GMAT: 600+ or GRE 310+ in verbal and quantitative section) for better a chance of admission. 

      Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test.

      Required Document List

      Following are the required documents:

      • CV/Resume: Outline of academic achievements and/or awards, publications, relevant work and/or volunteer experience.
      • Three academic or professional references: Referees (Teachers, guidance counselors, or Professors) should comment on academics and that references should submit along with the application system.
      • Statement of Intent: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
      • Electronic Official transcripts: Submit copies of official transcripts from post-secondary institutions attended in PDF format.
      • A Credential evaluation report from WES Canada or ICES: If students have credentials from an institution outside of Canada or the United States, they must submit a credential evaluation report from WES Canada (course-by-course report) or ICES (comprehensive report).
      • Statement of research interests: Student has to fill their interesting research work area in the application form.

      Application Deadline

      Round 2
      Jan 31

      Scores Required

      93 / 120

      Avg. Score in


      7 / 9

      Avg. Score in


      65 / 90

      Avg. Score in


      300 / 340

      Avg. Score in


      650 / 800

      Avg. Score in


      Fees & Funding

      Tution & Application Fees

      YearYear 1Year 2
      Tuition fees$34800$34800
      Other fees$1875$1875
      Total fees$36675$36675

      Living Costs

      HeadAvg Cost Per Year
      Room and board$ 5,670
      Food$ 3,075

      Scholarship Grants & Financial Aids

      NameAmountInternational Students EligibleApplication Deadline
      Aga khan Foundation Scholarships Variable Yes 31 Mar, 2020
      (ISC)² Women’s Cybersecurity Scholarships Variable Yes 19 Feb, 2021
      FINCAD Women in Finance Scholarship $20,000 Yes N/A
      Ellis R. Ott Scholarship for Applied Statistics and Quality Management Variable Yes 01 Apr, 2020
      Collegedunia $150 Scholarship Program $150 Yes N/A
      BrokerFish International student scholarship $1,000 Yes 21 Dec, 2020
      Go Clean Scholarship $3,500 Yes 31 Dec, 2020
      Debesh Kamal Scholarship $1,385 Yes 30 Apr, 2020
      Bharat Petroleum Scholarship 2020 Variable Yes N/A
      Paul Foundation scholarships $20,174 Yes N/A
      Forktip Women’s- Innovation Scholarship Variable Yes 30 Aug, 2020
      JN Tata Endowment Scholarship Variable Yes 09 Mar, 2020
      Show More

      VISA & Work Study


      • A Student VISA is required to study in Canada which allows to work and do research on-campus.
      • The Student VISA is usually valid for the length of the study program, plus an extra 90 days.
      • At the time of VISA application, students need to provide various documents:
        • Application form and Study Plan
        • Biometrics (fingerprints and photographs)
        • Valid Passport
        • Official SFU Acceptance Letter
        • Financial Evidence

      Work Study

      The Work-Study Program is an opportunity to participate in research-based projects. Students may work On-Campus and off-campus.

      On-Campus: Work-Study is available during the Fall, Spring and Summer terms. Students will be awarded 140 Work-Study hours for a term. The hourly rate of pay is $15.20 per hour. Students may work on campus without a work permit if they meet  the following requirements:

      • Valid study permit that includes a condition stating Student may work on campus
      • Enrolled as a full-time student

      Off-Campus: Students are eligible to work off-campus and may work a maximum of 20 hours per week during regular academic sessions, and full time during scheduled breaks. Students are eligible to work off-campus without a work permit if they meet the following requirements:

      • Valid study permit that includes a condition stating student may work off-campus
      • Enrolled in a program of 6 months or more that leads to a degree, diploma or certificate
      • Enrolled as a full-time student

        Career and Placement after Course

        The career opportunities are:

        • Corporate or Entrepreneurial Finance. 
        • Commercial or investment banking. 
        • Private wealth management.
        • Risk modeling and investment management
        • Equity and Fixed Income Analysis
        • Compliance
        • Valuation validation
        • Treasury positions at financial and non-financial firms

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