Master of Science in Business Administration in Finance (MSCB)

Overview

Aimed at students interested in research, the UBC MSc in Business Administration is a challenging and rigorous program designed to prepare students for a PhD program and a subsequent career in academia.

As an MSc student, you will not only become part of a rich and stimulating academic community with a strong research emphasis, but you will also enjoy the opportunity to work with the best research faculty in Canada.

What makes the program unique?

The Sauder School of Business is considered the top research business school in Canada and a leading academic institution. Sauder is the leading recipient of research grants from Canada's major federal agencies and outperforms other Canadian business schools in both research publications and citations. In 2012, the Financial Times rankings put Sauder among its top 20 in the world for research impact and the Social Sciences Research Network (SSRN) rated the Sauder School of Business as 17th in the world for business and management research among schools outside of the United States. Sauder faculty members hold editorial positions at major journals in their fields and their work is recognized internationally. The Sauder School of Business at UBC is home to excellent teaching, an active research community and a strong collaborative culture.

Quick Facts

Degree
Master of Science in Business Administration
Subject
Business
Mode of delivery
On campus
Specialization
Finance
Program Components
Coursework + Options
Faculty
Faculty of Commerce and Business Administration
School
Sauder School of Business

Program Enquiries

If you have reviewed the information on this program page and understand the requirements for this program, you may send an enquiry

Meet a UBC representative

Q&A with UBC Graduate Student Ambassadors

webinar
Date: Wednesday, 05 February 2020
Time: 08:30 to 09:30
Chat with current graduate students during this online session about their experiences being graduate students at UBC. Topics include accommodation, moving to a new city/ province/country, settling into an academic lifestyle, finding a supervisor, making friends, and more. Please keep in mind that we will not be able to provide answers to specific application and admission questions or any that involve specific personal information.

Admission Information & Requirements

In order to apply to this program, the following components may be required.

Online Application

All applicants must complete an online application form and pay the application fee to be considered for admission to UBC.

Transcripts

All applicants have to submit transcripts from all past post-secondary study. Document submission requirements depend on whether your institution of study is within Canada or outside of Canada.

Minimum Academic Requirements

The Faculty of Graduate and Postdoctoral Studies establishes the minimum admission requirements common to all applicants, usually a minimum overall average in the B+ range (76% at UBC). The graduate program that you are applying to may have additional requirements. Please review the specific requirements for applicants with credentials from institutions in:

Each program may set higher academic minimum requirements. Meeting the minimum requirements does not guarantee admission as it is a competitve process.

Letters of Reference

A minimum of three references are required for application to graduate programs at UBC. References should be requested from individuals who are prepared to provide a report on your academic ability and qualifications. 

Statement of Interest

Many programs require a statement of interest, sometimes called a "statement of intent", "description of research interests" or something similar.

English Language Proficiency

Applicants from a university outside Canada in which English is not the primary language of instruction must provide results of an English language proficiency examination as part of their application. Tests must have been taken within the last 24 months at the time of submission of your application.

Minimum requirements for the two most common English language proficiency tests to apply to this program are listed below:

100
22
21
22
21
7.0
6.5
6.5
6.5
6.5

Supervision

Students in research-based programs usually require a faculty member to function as their supervisor. Depending on program, applicants either reach out to faculty members directly or the program supports this process in different ways.

This program has not specified whether applicants should reach out to faculty members. Please review the program website for additional details.

Test Scores (GRE / GMAT or similar)

Some programs require additional test scores such as the Graduate Record Examination (GRE) or the Graduate Management Test (GMAT). The requirements for this program are:

The GRE or a comparable test is required. Please check the program website.

Citizenship Verification

Permanent Residents of Canada must provide a clear photocopy of both sides of the Permanent Resident card.

Funding Sources

Applicants to UBC have access to a variety of funding options, including merit-based (i.e. based on your academic performance) and need-based (i.e. based on your financial situation) opportunities.

We encourage all applicants to review the awards listing to identify potential opportunities to fund your graduate education. The database lists merit-based scholarships and awards and allows for filtering by various criteria, such as domestic vs. international or degree level.

In addition to scholarships and awards, applicants may be eligible to apply for financial aid or other benefits in the form of loans, bursaries, tax credits, or similar.

Career Options

Our MSc is designed mainly to prepare students for further studies in a PhD program. Our MSc graduates have proceeded to PhD programs at the University of British Columbia, Columbia University, MIT, Northwestern University, Carnegie Mellon University, University of Minnesota, University of Toronto, London Business School, London School of Economics and the National University of Singapore. A fraction of our students take non-academic positions.

Tuition / Program Costs

FeesCanadian Citizen / Permanent Resident / Refugee / DiplomatInternational
Application Fee$106.00$168.25
Tuition *
Installments per year33
Tuition per installment$1,698.56$2,984.09
Tuition per year
(plus annual increase, usually 2%-5%)
$5,095.68$8,952.27
Int. Tuition Award (ITA) per year (if eligible) $3,200.00 (-)
Other Fees and Costs
Student Fees (yearly)$944.51 (approx.)
Costs of living (yearly)starting at $16,954.00 (check cost calculator)
* Regular, full-time tuition. For on-leave, extension, continuing or part time (if applicable) fees see UBC Calendar.
All fees for the year are subject to adjustment and UBC reserves the right to change any fees without notice at any time, including tuition and student fees. Tuition fees are reviewed annually by the UBC Board of Governors. In recent years, tuition increases have been 2% for continuing domestic students and between 2% and 5% for continuing international students. New students may see higher increases in tuition. Admitted students who defer their admission are subject to the potentially higher tuition fees for incoming students effective at the later program start date. In case of a discrepancy between this webpage and the UBC Calendar, the UBC Calendar entry will be held to be correct.

Statistical Data

Enrolment Data

 20182017201620152014
Applications1231158790132
Offers76376
New registrations33254
Total enrolment66788
Disclaimer
Admissions data refer to all UBC Vancouver applications, offers, new registrants for each year, May to April [data updated: 22 March 2019]. Enrolment data are based on March 1 snapshots.

Research Supervisors

This list shows faculty members with full supervisory privileges who are affiliated with this program. It is not a comprehensive list of all potential supervisors as faculty from other programs or faculty members without full supervisory privileges can request approvals to supervise graduate students in this program.

  • Baldauf, Markus (Financial Markets; Information Economics; Industrial Organization; Regulation; Market Microstructure )
  • Bena, Jan (Finance and Accounting, Financial Assets Evaluation, R&D and Innovation, Technological Innovations, Investments, Stock Market, International Capital and Products Markets, Finance and innovation, Finance and product markets, Corporate innovation, Corporate ownership structure, Access to external finance, Financial constraints)
  • Carlson, Murray (Introduction to capital markets, corporate finance, principles of finance, asset pricing)
  • Donaldson, R Glen (Risk management, Volatility forecasting, Asset valuation, Financial econometrics, Financial markets and price behavior)
  • Favilukis, Jack (Consumption and Production Based Asset Pricing; Heterogeneity and Inequality; Incomplete Markets; Real Estate)
  • Fisher, Adlai (Asset pricing, financial econometrics, volatility modelling, corporate finance, mergers and acquisitions)
  • Garlappi, Lorenzo (Asset pricing, credit risk and real options, portfolio choice and asset allocation )
  • Giammarino, Ronald (Corporate finance, real options, market concentration)
  • Gornall, Will (Corporate finance ; Venture capital; Banking)
  • Heinkel, Robert Lee (Theoretical and empirical studies of corporate behaviour due to market imperfections and theoretical and empirical studies of instritutional investment management)
  • Lazrak, Ali (Finance and Accounting, Economic Phenomena on an Individual or Organizational Level, Asset pricing, Corporate Finance, Behavioral Finance, Household portfolio choice)
  • Li, Kai (corporate governance, CEO compensation, mergers and acquisitions, shareholder activism, gender in corporate decision making, board of directors, national culture, innovation, Finance)
  • Ortiz Molina, Hernan (Corporate finance and governance, executive compensations, industrial organization, interactions between real and financial decisions )
  • Pikulina, Elena (Institutional investors; Corporate finance; Experimental and behavioral finance)
  • Skoulakis, Georgios (Portfolio Choice; Asset Pricing; Computational Economics; Econometrics)
 
 
 

Supervisor Search

 

Departments/Programs may update graduate degree program details through the Faculty & Staff portal. To update the application inquiries contact details please use this form.