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Master of Science in Finance (MSc)

Tuition & aid

John Molson's research-based masters programs are some of the most affordable of all AACSB-accredited schools in North America because they are highly subsidized by the Quebec government. In addition, the cost of living in Montreal is significantly lower than in most other large North American cities.

Estimated tuition & fees*

Full-time students

Canadian, Quebec residents $7,679
Canadian, non-Quebec $17,121
International students $42,917

Part-time students**

Canadian, Quebec residents $8,679
Canadian, non-Quebec $18,121
International students N/A***

* Approximate total program costs, subject to change. The University reserves the right to modify the published tuition scale and other student fees, without prior notice, at any time before the beginning of an academic term.

** Tuition fees for part-time students are slightly higher due to administrative costs that are charged per term of study.

*** International students are required to study full-time to satisfy the requirements of their study permit. 

Tuition and fees are paid in installments at the beginning of each semester. There is more detailed information on our webpages about Fee payment deadlinesMethods of payment, and How fees are billed, as well as a Tuition & fee estimator.

French and Francophone Belgium students with a valid passport will be charged the same tuition as Quebec residents. Students from some other countries with an agreement with the Government of Quebec may also benefit from a tuition reduction; please consult Concordia’s International Fee Exemption webpage for more information.


Other costs

Beyond program costs (such as books, stationery and supplies), students should budget for living expenses of approximately $20,000 CAD per year. This figure is based on the standard needs of a single person and includes accommodation, groceries, clothing, public transportation and miscellaneous expenditures. 

The cost of books may vary significantly from one course to another. However, buying used books can significantly reduce this expense. Please visit the Concordia bookstore and enter the course number to view course materials and associated costs.


Health insurance for international students

Immigration Quebec regulations require that all international students be covered by a Quebec issued health insurance plan that meets government standards, while studying in Quebec. In keeping with this government directive, Concordia University has negotiated a compulsory health and accident insurance plan with Blue Cross at a competitive cost that all Concordia international students must have. Consequently, personal health insurance plans are not accepted.

Health insurance fees are automatically charged to all international students when registering for courses or when graduate students are Continuing in Program.


Awards and scholarships

Applicants who applied by the February 1st application deadline and have been accepted into the program are automatically considered for Entrance awards. These awards are granted based on academic merit, need, and/or the strength of the application. There is no need to fill out any additional paperwork. If you are granted an Entrance award, you will be notified at the same time as your letter of admission (or soon thereafter). We also offer other funding opportunities that accepted students do need to apply for, and that have different purposes and eligibility criteria.

Please note that, due to our competitive tuition fee, we have a limited number of scholarships and awards available.

You may consult the Financial Aid and Awards Office website for information on the Quebec Loans & Bursaries program.

Canadian and U.S. students who are considering student loans (also known as government student aid programs) should apply a minimum of six to eight weeks before the start of term to receive their funds on time

There are also many funding opportunities available to international and domestic graduate students enrolled in thesis-based programs. There are external research funding and training programs for students offered by Mitacs, as well as additional awards available to international students studying in Canada. Learn more about federal and provincial scholarshipsspecial entrance awards among many others to support your graduate studies.


Paid positions

John Molson graduate students can apply for Teaching Assistant (TA) and Research Assistant (RA) positions that are posted by the department. It is rarely possible to be hired for a TA or RA position during your first semester; you would be able to apply for these positions during your first semester in order to start as early as your second semester. There is no guarantee of receiving a TA or RA position since, firstly, you need to apply to the job posting and, secondly, hiring is up to the professor.

As awards and paid positions are limited and competed for, we cannot guarantee that you will receive either and recommend that you not count solely on these opportunities to fund your studies and living costs.

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