18 November 2023
A Masters in Accounting in Canada is a postgraduate program that takes around two years to complete. This course is generally pursued by international students who hold a bachelor’s in accounting.
Usually, international students who graduate from a Masters in Accounting in Canada can obtain various lucrative career opportunities such as Senior Account, Chief Finance Officer, Finance Analyst, or Accountant. In this article, you can get everything you need to know about a Masters in Accounting program in Canada:
What is a Masters in Accounting program in Canada?
A Masters in Accounting program is essentially a business degree for graduates. This course covers the basic principles of accounting and practical techniques to apply these concepts. It allows international students to gain the knowledge as well as the skills to gain passing marks in the Certified Public Accountant exam. This examination is needed to acquire the license to become a CPA and officially operate in the corporate world.
Once international students graduate from Masters in Accounting courses in Canada, they become eligible for different career opportunities. They can easily launch their own business venture or even get a job. It can take anywhere between 7,800 CAD and 39,600 CAD per year to study a Masters in Accounting in Canada. Usually, Students who complete a Masters in Accounting program in Canada can obtain a significantly lucrative annual salary.
What are the requirements needed to study a Master of Accounting program in Canada?
Here are the minimum criteria that international students need to meet to acquire admission to Master of Accounting course in Canada:
- International students should have obtained a minimum of 65% marks throughout their undergraduate program.
- Students need to hold a bachelor’s degree in a field related to Accounting.
- Generally, universities and colleges require international students to furnish their standardized language test scores along with their application. Usually, the cut-off for TOEFL iBT is around 96 and 105. However, in IELTS, international students need to acquire at least 6.5 in individual bands and 7.5 overall.
- Some educational organizations need international students to provide their entrance exam results, such as GMAT and GRE.
- Letters of recommendation are also required to gain admission to the Master of Accounting program.
What are the different jobs available after graduating a Masters in Accounting in Canada?
International students who have graduated with a degree in Masters in Accounting in Canada can anticipate earning anywhere between 39,000 and 241,000 CAD annually. Here are some of the most popular jobs for international students who hold a Masters in Accounting in Canada;
- A Senior Accountant can usually be offered a salary of 66,740 CAD in Canada.
- Accountants are usually offered an annual package of 53,845 CAD in Canada.
- Financial Analysts generally can get a salary of approximately 66,293 CAD in Canada.
- A Financial Controller can usually be offered a salary of 84,002 CAD in Canada. 84,002.
- Chief Financial Officers (CFOs) are usually offered an annual package of 165,506 CAD in Canada.
- Accounting Managers generally can get a salary of approximately 72,470 CAD in Canada.
What is the earning potential for international students after completing a Masters in Accounting in Canada?
Masters in Accounting in Canada provides international students with a tremendous return on investment and earning potential. Generally, international students can easily make approximately 60,000 CAD to 70,000 CAD on average. Here are some of the best universities and colleges in Canada for international students that offer a Master in Accounting in Canada along with their earning potential:
- The University of Alberta requires international students to pay around 25,704 CAD per year for tuition. International students who graduate with a Masters in Accounting at the University of Alberta can earn 68,000 CAD annually on average.
- The University of Toronto requires a tuition fee for international students of 41,550 CAD each year. International students who complete a Masters in Accounting at the University of Toronto could get 97,000 CAD per year on average.
- The University of Saskatchewan requires international students to pay around 27,150 CAD per year for tuition. International students who graduate with a Masters in Accounting at the University of Saskatchewan can earn 68,000 CAD annually on average.
- Schulich School of Business requires a tuition fee for international students of 39,600 CAD each year. International students who complete a Masters in Accounting at the Schulich School of Business could get 59,000 CAD per year on average.
- Brock University requires international students to pay around 30,870 CAD per year for tuition. International students who graduate with a Masters in Accounting at Brock University can earn 55,000 CAD annually on average.
- Carleton University requires a tuition fee of 31,000 to 37,000 CAD for international students each year. International students who complete a Masters in Accounting at Carleton University could get 84,000 CAD per year on average.
Conclusion
Obtaining a Master in Accounting in Canada is an excellent option for international students who wish to pursue financial management and accountancy. Postgraduate courses such as Master of Accounting and Finance, MS Accounting, MA Accounting, Master of Applied Accounting, and Master of Accounting are extremely popular among international students. Canada offers some of the best courses for Masters in Accounting for international students. Our experts at Landmark Immigration provide only the right advice for your plans of pursuing Masters in Accounting in Canada.
