Tag: HigherEducation

Canada – An Appropriate Destination to Study master’s in finance!

Masters in Finance in Canada – All about international education

Finance is one of the crucial departments in every industry and business happening all around the world. Regardless of being an uncompromising department, masters in finance is also being operated as a unique domain (or industry) offering various career opportunities.

Since cash flow and monetary study are the crucial activities in the public and private financing sector, it is unavoidable that finance is one of the promising domains that never falls short of job opportunities.

If you are someone who is aspiring to become a financial professional, this blog is for you!


Financial Studies in India

There are many institutions offering masters in financial studies in India. Studying finance in India offers many benefits but there are potential drawbacks as well, that one should be aware of. Here are some of the underlying cons of studying finance in India.

1. Limited Specialization

Indian universities may not offer the same level of specialization in finance as institutions abroad. You might find fewer niche courses and research opportunities.

2. Quality Variance

The quality of education can vary significantly among different Indian universities and colleges. Some may offer world-class programs, while others may lack proper infrastructure and faculty.

3. Competition

Finance is a popular field in India, leading to intense competition for admission into top-tier institutions. The entrance exams for these institutions can be highly competitive and stressful.

4. Outdated Curriculum

Some institutions may have outdated curricula that do not align with the rapidly changing finance industry. Staying up to date with global financial trends may require additional self-study.

5. Global Recognition

Depending on your career aspirations, a degree from an Indian institution may not have the same global recognition and value as one from a top international institution, which can limit your international career opportunities.

Having this many uncertainties is the obvious reason for students to fly abroad to pursue their financial education. When it comes to studying finance abroad, master’s in finance in Canada is the most appropriate topic to discuss.

A master’s degree in finance equips students with in-depth knowledge of financial markets and analytical methods. Graduates interested in careers in banking, corporate finance, risk management, and financial planning should consider taking an MS in Finance program.

Canada is the greatest choice for Indian students interested in obtaining a master’s degree in finance because of its robust and diverse economy. Canada is the best country to further your higher education because of its world-class universities, excellent education system, and friendly culture.

Why study master in finance in Canada?


Universities in Canada are well-positioned to offer the training and education required for a career in the financial industry. One of the most sought-after finance courses in Canada is the MS in Finance, or MFin, which is provided by the best institutions and colleges in the country in both full-time and part-time forms. Here are some reasons why Canada is the best country for you.

The majority of Canadian colleges and institutions offer an MSc in Finance program that focuses on imparting practical information and offers many opportunities to advance your career and maximize your potential. You can excel as a valuable decision-maker with the knowledge and skills that a master’s in finance degree gives you.

After completing the program, a master’s in finance degree from Canada might put you on a promising career path. Canadian colleges have strong ties to the business world, giving you access to a network of industry experts and assisting you in laying a solid career foundation.

Top institutions offering Masters in Finance in Canada

Canada has several prestigious universities that offer master’s in finance programs. Some of the top ones include,

1. University of Toronto

2. University of British Columbia

3. McGill University

4. University of Alberta

5. Queen’s University at Kingston

6. University of Waterloo

7. Université de Montréal

8. Western University

9. York University

10. University of Calgary

The above listed institutions will bestow you the best financial studies in Canada and root you to turn into a qualified financial specialist.

Career Opportunities after studying Masters in Finance in Canada

As explained earlier, you will have plenty of career opportunities after completing your masters in finance in Canada. However, the financial sector is ever expanding and evolving to various forms, it’s not just in India but the opportunities are widespread across the globe and some of the most sought-after job roles for graduate who completed masters in finance in Canada include,

1. Chartered Accountant or CA

2. Risk Manager

3. Budget Analyst

4. Financial Analyst

5. Market Research Analyst

Admission Requirements to study masters in finance in Canada

Admission requirements vary between universities to study masters in finance in Canada, but generally, you’ll need a bachelor’s degree in a related field, strong academic records, and English language proficiency (usually demonstrated through IELTS or TOEFL scores). Some universities may also require GMAT or GRE scores.

Curriculum of masters in finance in Canada

The curriculum will cover topics such as

1. Financial analysis

2. Investment management

3. Risk assessment

4. Financial modelling

You can also choose elective courses based on your interests.


The benefits of studying masters in finance in Canada are plenty. A few to list include,

1. Quality of Life

2. Networking Opportunities

3. World-Class education

4. Globally Recognized Degree

5. Enormous Job Opportunities

6. PR pathways

Wrappin up…

If you are looking for a financial masters, it is immaculately the best time for you to start your Masters in Finance in Canada. CanApprove is here providing the industry best overseas education and immigration services for abroad aspirants since 1998. Get in touch with our overseas education coordinator right away!


  1.    Will I have stay back options after completing Masters in Finance in Canada?

Yes. 2 year program in Canada will offer you a stay back of up to 3 years

  1. Will I get Scholarships in Canada?

It depends on your academic performance.If you meet the eligibility criteria of scholarships offered for foreign nationals, then it’s a green tick!

  1. How to process my finance in masters in Canada?

Connect with CanApprove. We have been maintaining professional ties to many of the reupted institutions in Canada. We will help you to set up your education in Canada.

Proof of Funds – All you need to know about funding your studies in Canada!

Proof of Funds – Overview

Is your intuition driving you to study abroad?
Canada! Canada undoubtedly is an appropriate place for you to study. The welcoming nature of the country, renowned institutions, globally acknowledged degrees, affordable tuition cost, and enjoyable livelihood. All these aspects make Canada a melting pot for international students to plan their higher education there.

But before planning, every student will look for the requirements that one is obliged to meet to study in Canada. One of the important requirements is the funding part. Be it any overseas education destination, financial capability is the first requirement to plan for international education.

Getting admission from a college or a university in Canada is not a hard nut to crack but filing for a visa and getting an approval have a whole lot of processes that must be immaculately carried out. Visa filing is the crucial part where the discretion of your approval lies in, and this is the phase where one’s financial capability is evaluated.

Documents for Proof of Fund

Let’s delve a bit into the funding part…

To prove your financial sufficiency for your Canadian education, you need to submit your proof of funds. This explains about your financial stature to realize your study in Canada.

What is Proof of Funds?

To make your academic visit to Canada hassle-free, you need to prep yourself financially. You must prove to the Canada immigration high commission that you are financially sound. This can be done by enclosing some of the important funding documents that are considered Proof of Funds.  This document explains you are financially sufficient and will not be facing any hurdles throughout your stay in Canada.

And Canada is very particular because immigrants and international students should be the form of sources that contribute to the economy of the country and should not become an economic burden instead.

Hence, an individual proven to have financial back up that suffices his or her stay in Canada including tuition fee, living cost and every other expense incurring in the country will be considered an eligible person and will get a blue tick by the Canadian immigration council.

Proof of Funds for my possession?

You may wonder ‘how much amount am I supposed to arrange for my Canada education?

  1. Students coming to Canada should have secured CAD 10,000, deposited it in a Canadian Bank like CIBC Bank, Scotia Bank or ICICI Bank and should have got a GIC (Guaranteed Investment Certificate) against the amount.
  2. If the student is accompanied by a family member, an additional CAD 4,000 should be included along with CAD 10,000
  3. For each additional family member, CAD 3,000 will be included.
Funds Required (in CAD) Belongs to
10,000 The primary applicant (Student)
4,000 1 accompanying family member
3,000 each additional member included

Note: All the particulars mentioned above are projected excluding the tuition fee. Tuition fee is subject to the discretion of the institution that admits you.

The proof of funds that can be enclosed along with the visa application include,

🍁Canadian Bank account and GIC certificate (as mentioned above)

🍁Proof of education loan (if availed)

🍁Bank Statements of last 6 months and then Bank Balance Statement

🍁Proof of Payment towards your Tuition Fee and Housing Rent

🍁Scholarship funds paid inside Canada or Funding documents of Canadian-funded educational program (if applicable)

🍁And any other funding documents applicable to substantiate your financial credibility

Accepted Documents for Proof of Funds

canada education

Some of the financial proofs accepted by the IRCC for Canada student visa application are as follows!

Bank Statement

The easiest way to provide proof of finances or financial support is through bank statements. Your local visa office may ask you to submit bank account statements. This could be done for a specified number of months prior to your application, either of your own bank account or those of your financial sponsor. Make sure the account is in your name if you plan to give bank account statements.

This evidence demonstrates that you have the resources necessary to cover your living and educational costs in Canada. As an alternative, it shows that someone is able to pay for your education and stay in Canada.

These statements may be scanned copies of the bank’s stamped and signed original statements. The original statement must include the duration required by the university of the visa consulate and be printed on the bank’s official letterhead.

Net Worth Certificate

Another important document to increase the financial credibility of your profile is your net worth certificate which substantiates the value of assets and properties you and your family own. This is obtained by approaching a Chartered Accountant who will value the worth of your movable assets and immovable assets and provide a consolidated certificate for your net worth. This can be enclosed along with other supporting documents in your visa application.

Loan Approval Letters

If a student needs money and has access to a bank loan, they must present a legitimate loan approval letter. This can be obtained from the bank that provided you with the loan. This letter, however, must state that the bank loaned you the stated sum in order for you to pursue further education in Canada.

This approval letter, like the bank statements stated before. It must be signed, stamped, and contain the bank’s official letterhead. The exact money to be disbursed should be listed in this letter, along with a commitment to do so.

Payment Receipts

Tuition fee payment receipts and housing bill payment receipts can be enclosed while filing for the visa. Those are the funding proof that will explain the immigration high commission that you are financially prepared for your Canada education.

Scholarship Letters

Students who might be eligible for scholarships from the education institution where they will be enrolled must submit a legitimate scholarship letter. This letter is available from the college or donor organization providing the scholarship. As evidence of their financial support, students who have received a Governmental Grant or Scholarship must present a copy of this as evidence of financial support.

Loan Capability Letters

Loan approval letters should not be confused with loan capability letters. These are given to students by banks and other financial institutions if they agree to lend them money as long as they are admitted to a foreign university.

Consider that you are submitting a loan capability certificate as evidence of your ability to support yourself financially in order to obtain a student visa for Canada. In that scenario, you must make sure it precisely specifies your name, your qualification for the loan, and the financial institution’s conditional pledge to extend the credit. This certificate must be stamped and signed on the business letterhead of the financial institution, much like other bank documents.

What not to do?

1. Not maintaining insufficient funds
Giving proof of funds that are less than the amount that approximates to CAD 40000 including tuition provides the idea that you will not be able to support yourself until finishing your study in Canada. Make sure to meet all funding requirements before filing for the visa!

2. Bulk Deposits
If you plan to deposit a sizable sum into your account and present it as evidence of your ability to support yourself financially when applying for a student visa in Canada, make sure the transfer has been finished at least couple of months beforehand.

3. Withdrawing the amount after obtaining the certificates
Don’t withdraw the funds just after obtaining necessary certificates like bank transaction statement and bank balance certificates. Your bank account might be cross verified and when it is found to have fallen short of funds, your application will be rejected as the visa officer clearly knows you have deposited the funds for the sake of records and certificates.

I hope this blog will be useful to you in a way or the other if you are planning for overseas education in Canada. For more valuable information, stay connected for our blog and newsletters.

We can make you realize your overseas education aspirations in Canada. Our 25 years of expertise in immigration and overseas education services has been helping thousands abroad aspirants study and relocate abroad. Get in touch with our immigration and overseas education counsellors who are just a click away!

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