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.

 

Program Enquiries

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

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.

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.

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.

English Language Test

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

Other Test Scores

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.

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.

Supervision

Students in research-based programs usually require a faculty member to function as their supervisor. Please follow the instructions provided by each program whether applicants should contact faculty members.

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

Citizenship Verification

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

Tuition & Financial Support

Tuition

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.

Financial Support

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.

Scholarships & awards (merit-based funding)

All applicants are encouraged to review the awards listing to identify potential opportunities to fund their 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.

Teaching and Research Assistantships

Student service appointments are intended to help qualified graduate students meet the cost of their studies at the University. Student appointments may involve part-time duties in teaching, research, or other academic activities.

Financial aid (need-based funding)

Canadian and US applicants may qualify for governmental loans to finance their studies. Please review eligibility and types of loans.

All students may be able to access private sector or bank loans.

Foreign government scholarships

Many foreign governments provide support to their citizens in pursuing education abroad. International applicants should check the various governmental resources in their home country, such as the Department of Education, for available scholarships.

Working while studying

The possibility to pursue work to supplement income may depend on the demands the program has on students. It should be carefully weighed if work leads to prolonged program durations or whether work placements can be meaningfully embedded into a program.

International students enrolled as full-time students with a valid study permit can work on campus for unlimited hours and work off-campus for no more than 20 hours a week.

A good starting point to explore student jobs is the UBC Work Learn program or a Co-Op placement.

Tax credits and RRSP withdrawals

Students with taxable income in Canada may be able to claim federal or provincial tax credits.

Canadian residents with RRSP accounts may be able to use the Lifelong Learning Plan (LLP) which allows students to withdraw amounts from their registered retirement savings plan (RRSPs) to finance full-time training or education for themselves or their partner.

Please review Filing taxes in Canada on the student services website for more information.

Cost Calculator

Applicants have access to the cost calculator to develop a financial plan that takes into account various income sources and expenses.

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.

Enrolment, Duration & Other Stats

These statistics show data for the Master of Science in Business Administration in Finance (MSCB). Data are separated for each degree program combination. You may view data for other degree options in the respective program profile.

Enrolment Data

 20192018201720162015
Applications961231158790
Offers77637
New registrations53325
Total enrolment106678
Disclaimer
Admissions data refer to all UBC Vancouver applications, offers, new registrants for each year, May to April [data updated: 10 March 2020]. 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.

  • Agarwal, Isha (Banking, International Finance, Corporate Finance, macroeconomics)
  • 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)
  • Bian, Bo (Empirical corporate finance, Productivity, Innovation, Bankruptcy)
  • 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)

Further Program Information

Specialization

Finance at UBC covers research interests ranging from game-theoretic models of corporate finance, to applications of Bayesian analysis in empirical finance, to theoretical modeling of equilibrium asset pricing.

Program Identifier

VGMMSI-I4
 
 
 

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.

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