Masters in Finance Canada without GMAT - Top Colleges, Tuition Fees

Did you know that it is possible to pursue masters in finance Canada without GMAT? A master’s in Canada is one of the most sought-after degrees for international students from different parts of the world. One of the basic requirements for admission to top Canadian universities is the GMAT/GRE examination score in addition to the TOEFL and IELTS scores.

However, it is challenging for non-technical students to clear the GMAT/GRE exams. Several universities offer Masters in Finance Canada without GMAT for international students. These Canadian universities accept other specific requirements for international admissions.

A GRE score is required for admission to a wide variety of graduate programs in Canada and the GMAT score is required exclusively for admission to a business school. An MBA in Canada is offered in several disciplines such as finance, marketing, management, and more. The institutions facilitating students to pursue a master's in finance Canada without GMAT are given below.

Table of Contents

• Top Universities Offering Masters in Finance in Canada without GMAT
• Course Curriculum for Masters in Finance in Canada without GMAT
• Cost of Pursuing Masters in Finance in Canada without GMAT
  
  • Pre-Arrival Costs in Canada for International Students
  • Tuition Fees for Masters in Finance in Canada for International Students
  • Cost of Living in Canada for International Students
• Eligibility Criteria for Masters in Finance in Canada without GMAT
• Admission Requirements for Masters in Finance in Canada without GMAT

Top Universities Offering Masters in Finance in Canada without GMAT

Canada is one of the popular destinations for international students to pursue their master’s degrees. It is mainly known for its affordability as compared to other countries such as the UK and the US and also for its student-friendly immigration process. Listed below are schools/ universities offering masters in finance Canada without GMAT for international students:

1. Smith School of Business - Queen’s University
2. Schulich School of Business - York University
3. Lakehead University
4. Thompson Rivers University
5. School of Management - New York Institute of Technology

1. Smith School of Business - Queen's University

The Accelerated MBA for Business Graduates program offered by the Smith School of Business does not require a GMAT score from international students. This MBA program is available in major cities across Canada. It is designed specifically for people with an undergraduate degree in business and enables them to obtain an MBA degree while continuing work. The admission requirements for international applicants into the Accelerated MBA for Business Graduates program at Smith School of Business are:

• Minimum 2 years of work experience
• An undergraduate degree in business or a related field such as accounting, marketing, etc
• A completed application along with a resume, official transcripts, cover letter, references, and personal interview

2. Schulich School of Business - York University

The full-time MBA program at Schulich School of Business is ranked as the second-best program in Canada by the economist. It is known for its flexible study options and extensive selection of specialization options. International students can enroll in both full-time and part-time MBA programs making it a uniquely customizable MBA.

International students can apply for the full-time MBA program at Schulich School of Business if they fulfill certain other admission requirements. Students can pursue a master's in finance Canada without GMAT at Schulich if they have graduated from the Schulich BBA or IBBA programs within the last five years and have a GPA of B+ or higher. The admission requirements for international students in the Schulich School of Business MBA program are:

• At least 2 years of work experience
• An undergraduate degree from a recognized post-secondary institution with a minimum B average in the last two full years of academics
• A completed online application with 3 essays, 2 videos, 2 reference letters, and all academic transcripts

Read More: Schulich School of Business - York University

3. Lakehead University

International students who have completed the Business Skills Development Program offered by the Faculty of Business Administration at Lakehead University are not required to produce the GMAT scores for admission to the MBA program. The 6-module program should be completed with a minimum grade average of 70%. Listed below are the admission requirements for international students in the MBA program at Lakehead University:

• A completed application including official transcripts, references, and a statement of academic intent
• Academically excellent graduates of a recognized university, college, or institute

Read More: Lakehead University

4. Thompson Rivers University

The MBA program at the School of Business and Economics under Thompson Rivers University does not require a GMAT score from its applicants. International students are required to demonstrate their quantitative and computing skills through education and work experience. Both part-time and full-time MBA programs are available in managerial statistics, human resource management, and more. The other admission requirements for the MBA program at Thompson Rivers University are:

• The applicant should have completed a three or four-year undergraduate degree with a GPA of at least 3.0
• Students should also submit the TOEFL, IELTS scores, or should have completed the TRU ENGL 1100 course to demonstrate language proficiency

Read More: Thompson Rivers University

5. School of Management - New York Institute of Technology

The New York Institute of Technology offers MBA programs in both management and finance fields. The School of Management at NYIT is one of the few schools to offer a master's in finance Canada without GMAT to international students. The GMAT score is only a supplementary requirement in addition to satisfactory academic scores. The MBA program is highly flexible and is offered in New York, China, Abu Dhabi, and Vancouver. Given below are some of the admission requirements for international students at NYIT:

• The applicant should have an undergraduate degree from an accredited college with a 3.0 GPA
• The student should submit the completed application along with the official transcripts

Course Curriculum for Masters in Finance in Canada without GMAT

The curriculum for a master's in finance course in Canada without GMAT differs by school. Students are taught the basic concepts of financial systems within various organizations such as financial reporting, investment, and tax law. Given below are the standard course curriculum included in most finance programs in Canada:

• Business Taxation
• Corporate Finance
• Financial Analysis & Reporting
• Investment Analysis
• Business Communication

Cost of Pursuing Masters in Finance in Canada without GMAT

International students planning to pursue a master's in finance in Canada are required to cover the tuition fees in addition to the living costs and other pre-arrival costs. The average cost of studying Master's in Finance in Canada is approximately 35,000 USD per year. Given below are the total cost of a masters in finance Canada without GMAT for international students:

Pre-Arrival Costs in Canada for International Students

The pre-arrival costs for Canada are the one-time expenses made before or along with the admission process. Listed below are some of the major pre-arrival costs for international students coming to pursue a master's in finance in Canada:

• Application Fee: $75- $150
• Biometric Fee: $85
• Canada Visa Application Fee: $150
• Health Insurance Costs: $10,000
• IELTS: $185- $190
• TOEFL: $160- $250
• Airfare: $450- $1,400

Tuition Fees for Masters in Finance in Canada for International Students

The tuition fees for a master's in finance course in Canada vary for the different universities based on the course and duration. The duration usually spans between 12 to 20 months. The average tuition fees for masters in finance Canada without GMAT for international students are tabulated below:

Course	Annual Tuition Fees in USD
Master of Arts (MA) Financial Economics- University of Toronto	$17,827
Master of Finance- University of Toronto	$32,895
Master of Financial Risk Management- University of Toronto	$47,572
Master in Financial Insurance- University of Toronto	$38,625
Master of Management in Finance- McGill University	$17,760
Master of Business Administration in Finance- McGill University	$32,930
Master of Science (M.Sc) in Applied Financial Economics- University of Montreal	$20,350
Master of Arts in Economics & Finance- University of Alberta	$7,875
Master of Finance- York University	$59,388
Master of Science in Finance- Concordia University	$27,825

Cost of Living in Canada for International Students

The living costs for international students in Canada differ across various parts of the country. It also depends on the living standards of the students and varies according to their specific preferences. The average cost of living in Canada for international students are shown below:

• Accommodation: $190- $570
• Books & Supplies: $230
• Food (Per Meal): $8- $20
• Transportation: $70
• Other Related Expenses: $55- $115

Eligibility Criteria for Masters in Finance in Canada without GMAT

The basic eligibility criteria for most of the masters in finance courses in Canada is a valid GMAT score. However, there are several universities in Canada offering courses without the need for GMAT scores for admission. These courses could either be executive programs that need proven work experience or else MBA programs in which neither GMAT score nor work experience is required. Listed below are the eligibility criteria for a masters in finance Canada without GMAT for international students:

• The applicant should have completed their undergraduate degree from an accredited university/ institution with prerequisite classes in fields like business statistics, financial theory, business finance, etc
• He/ she should have a minimum GPA of 3.0. Students applying for online graduate programs do not have the minimum GPA requirement for admission
• International applicants should submit the scores of standardized tests such as GRE
• Students coming from non-native English-speaking countries are also required to prove English language proficiency by submitting TOEFL, IELTS scores.

Admission Requirements for Masters in Finance in Canada without GMAT

International students willing to pursue a master's in finance in Canada without GMAT should fulfill certain requirements for admission. There are a few university-specific requirements that need to be fulfilled in addition to the general academic requirements. Find below the admission requirements for international students pursuing a master's in finance in Canada without GMAT:

• Official academic transcripts
• CV/ Resume
• Valid work experience
• Personal statement
• Letters of recommendation