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The Best Universities for Finance in Canada (2023)

Written by Vincent Hedman

Why Study Finance in Canada

There are many reasons why someone might want to study Finance at a university in Canada. Here are just a few:

  • Canadian universities consistently rank highly on the global scale, known for their commitment to delivering top-notch education. This guarantees students receive great quality teaching and research opportunities when pursuing a Masters in Finance.
  • Whether students are interested in investment banking, hedge funds, risk management or financial consulting – Canadian universities offer a wide range of finance specialisations allowing students to gain expertise in their chosen field.
  • A Masters degree in finance will open up numerous job opportunities within Canada's robust economy including positions within large banking corporations, multinational companies, consultancy firms or public sector institutions.
  • The Canadian government encourages international students to file for permanent residency after they complete their studies under post-graduation work permit (PGWP) programme thereby making it conducive in extending their stay.

The Best Universities for Finance in Canada

The following tables gives the 10 top universities in Canada for Finance, according to global and local university rankings. It can show you which Canadian universities are amongst the best in the world - and help you compare institutions on an international level.

This information is based on the latest rankings tables, researched and published by Times Higher Education, QS and Academic Ranking of World Universities (ARWU).

Each ranking system uses its own methodology, with different factors having more or less influence on a university's result.

Read our guide to know more about how you as an postgrad student can use these rankings to your advantage.


Top 10 Universities in Canada for Finance (Times Higher Education)
University Canada Rank Global Rank
University of Toronto 1 =25
University of British Columbia 2 38
McGill University 3 =73
University of Montreal 4 =77
University of Alberta 5 101-125
Western University 6 101-125
York University (Canada) 7 176-200
University of Waterloo 8 201-250
University of Calgary 9 251-300
Simon Fraser University 10 251-300
This information is based on the latest rankings tables, researched and published by Times Higher Education. Visit their website for more information.

What should I know about the Times Higher Education rankings?

The Times Higher Education rankings are strong in academic focus and diverse teaching metrics, but do not include employer-specific metrics. Additionally, the rankings may not include all specialist institutions.


Top 10 Universities in Canada for Finance (QS)
University Canada Rank Global Rank
University of Toronto 1 15
University of British Columbia 2 29
McGill University 3 55
University of Montreal 4 97
University of Alberta 5 98
Queen's University at Kingston 6 101-150
University of Waterloo 7 101-150
Western University 8 101-150
York University (Canada) 9 101-150
University of Calgary 10 151-200
This information is based on the latest rankings tables, researched and published by QS World University Rankings. Visit their website for more information.

What should I know about the QS rankings?

The QS World University Rankings are designed to meet the needs of prospective students, with more weight given to student-centric metrics such as staff/student ratio, international recruitment and employer opinion. The rankings are balanced between qualitative and quantitative data, but give less weight to research than some other rankings.


Top 10 Universities in Canada for Finance (ARWU)
University Canada Rank Global Rank
University of Toronto 1 10
University of British Columbia 2 51-75
University of Alberta 3 76-100
McGill University 4 101-150
Queen's University at Kingston 5 101-150
University of Montreal 6 101-150
University of Waterloo 7 101-150
Western University 8 101-150
York University (Canada) 9 101-150
Concordia University 10 151-200
This information is based on the latest rankings tables, researched and published by Academic Ranking of World Universities. Visit their website for more information.

What should I know about the ARWU rankings?

The ARWU rankings reflect the presence of elite academics and the future academic success of graduates. However, they do not directly assess the quality of education at a university or take into account other aspects of university performance.


Last updated: 16 August 2023