BCom Finance at UManitoba: Fees 2026 Dates & Requirements

The University of Manitoba Bachelor of Commerce (Honours) Finance is a four-year, full-time on-campus degree at the Asper School of Business in Winnipeg. International students pay CAD 895.68 per credit hour in 2026-2027, roughly CAD 26,870 (INR 17.89 Lakhs) a year for 30 credits, with a September intake and an 85% Grade 12 minimum.

The Finance major is a compact 15-credit specialization inside a 120-credit BComm (Honours), so students still spend most credits on core business and open electives. FIN 4400 acts as a capstone tying investments, corporate finance, and risk into a single applied course.

• AACSB-accredited business school with an optional co-op stream reporting an average hourly wage of CAD 22.12 (INR 1,472).
• Only 15 finance credits are locked in, leaving 24+ credits of open electives to add a minor in Economics, Data Analytics, or International Business.
• Tuition sits well below Toronto and Vancouver peers, making Winnipeg one of the cheapest BComm cities for Indian applicants targeting Canadian PR.

Also Check: University of Manitoba Admission for Indian Students

University of Manitoba Bachelor of Commerce Finance Fees and Living Costs 2027

International tuition for the 2026-2027 cycle sits at CAD 895.68 per credit hour for Asper School of Business courses. A standard 30-credit year works out to roughly CAD 26,870.40 (INR 17.89 Lakhs), and the full 120-credit BComm reaches about CAD 107,482 (INR 71.56 Lakhs).

Source: University of Manitoba Registrar, Undergraduate Tuition and Fees 2026-2027.

All INR conversions in the article use a conversion rate of CAD 1 = INR 66.58 as of July 2026. Rates fluctuate daily, verify before applying.

• Tuition is charged strictly per credit hour, so a lighter term of 24 credits lowers the year to about CAD 21,496 (INR 14.31 Lakhs).
• Ancillary fees add roughly CAD 3,500 (INR 2.33 Lakhs) a year on top of the tuition sticker price.
• The university publishes a full-year international estimate of CAD 33,900 to CAD 50,200 (INR 22.57 to INR 33.43 Lakhs) including tuition, residence, meal plan, and student fees.

Cost of Living in Winnipeg for Bachelor of Commerce Finance Students

Winnipeg is the cheapest major Canadian city among Asper’s peer BComm markets. The University of Manitoba’s official international student page uses the range below for one academic year on campus.

Source: University of Manitoba, Tuition and Financial Supports for International Students.

• Residence rooms at Pembina Hall Residence and University College are guaranteed only if the deposit clears by 1 June for a Fall start.
• Groceries at Save-On-Foods and Real Canadian Superstore near Fort Garry campus average CAD 350 to CAD 450 (INR 23,300 to INR 29,960) a month for a single student.

Also Check: University of Manitoba Fees Structure

ROI reality: Total four-year outlay (tuition plus living) lands near CAD 175,000 (INR 1.17 Crore), but 88% of Asper Finance majors are hired in Manitoba within four months at a base of about CAD 51,318 (INR 34.17 Lakhs), so payback on a co-op stream tracks between four and six working years.

University of Manitoba Bachelor of Commerce Finance Admission

Admission runs through direct-entry high-school applications for the September (Fall) intake only. Indian applicants apply through the Aurora portal with Grade 12 board results and one accepted English test.

Intakes Offered

• Fall intake begins in September and is the only entry point for direct-entry Bachelor of Commerce students.
• Winter (January) intake is offered only for advanced-entry Track 1 or Track 2 transfer applicants, not for fresh Grade 12 admits.
• No summer intake is available for the Finance major or its prerequisites.

Academic Eligibility

The Commerce (Honours) direct-entry track carries the highest academic bar at the university. Applicants must meet both an overall average and a per-course minimum from Grade 12.

• WES (World Education Services) or the University of Manitoba’s internal evaluation sets the official India-to-Canada grade equivalence.
• Applicants below 85% can enter through the International College of Manitoba (ICM) University Transfer Program and move to Asper after completing 24 credit hours.

English Language Proficiency Requirements

Indian applicants must submit one accepted English test unless a waiver applies. The university lists strict per-component minimums, not just overall bands.

Note: TOEFL iBT moved to a 1.0 to 6.0 band scale on 21 January 2026. University of Manitoba currently lists both the new 1.0 to 6.0 requirement and the legacy 0 to 120 requirement shown above; both scales are reported during the 2026 to 2028 transition. Verify the current requirement on the official admissions page before applying.

• Indian applicants typically pick IELTS Academic since the 6.0 per-band floor is easier to hit than the tighter 4.0 per-section TOEFL requirement after the 2026 scale change.
• Test scores must be valid on the first day of classes; a June 2025 IELTS certificate is invalid for a September 2027 start.
• English medium of instruction from a CBSE, ISC or IB high school does not automatically waive the ELP; a formal waiver request must be submitted with the application.

Read More: University of Manitoba Ranking for Business Studies

Tip for Indian students: Book IELTS at least six weeks before the 1 May application deadline; Asper reviews Grade 12 predicted marks first and asks for the final board result by 1 August 2027, so a delayed test is the most common reason applications sit incomplete.

University of Manitoba Bachelor of Commerce Finance Application

All international applicants apply through the Aurora Student portal with a single CAD 100 application fee. The document upload window closes with the application deadline, not after it, so late transcripts void the file.

• Direct-entry Grade 12 applicants can only start in September, so the Winter 2027 line is included only for university-college transfer applicants.
• Final board transcripts are due by 1 June 2027 for Fall 2027 admits based on prior cycle patterns.
• Admission decisions for the Fall cycle are released by mid to late June 2027 based on the university’s historical release window.

Documents Checklist

The Asper direct-entry file is document-heavy compared to a standard Arts application because Commerce (Honours) uses subject-level cut-offs.

• Grade 12 mark sheet with English, Mathematics and two academic Grade 12 subjects, plus Grade 11 predicted or in-progress transcript.
• Accepted English proficiency score report sent electronically from the test body to University of Manitoba.
• Copy of the passport bio-data page and financial declaration proving access to at least CAD 22,895 (INR 15.24 Lakhs) for the study permit.
• Non-refundable CAD 100 (INR 6,658) application fee paid by credit card at the end of the Aurora application.

Application Tips for Indian Students

Track 1 transfer applicants must clear specific prerequisite courses, so a mid-cycle switch from Arts to Commerce needs pre-planning.

• Direct-entry applicants should upload predicted CBSE or ISC Grade 12 marks by 1 May 2027 to trigger a conditional offer.
• Grade 12 Mathematics counts even if the Indian board records Applied Maths separately, so map the syllabus during upload.
• Asper does not require a Statement of Purpose or Letters of Recommendation for direct-entry BComm, keeping the file lighter than most Canadian business schools.

Check Out: Study in Canada for Indian Students

Application tip: Applicants targeting Fall 2027 should book the IELTS slot by February 2027 and pay the CAD 100 application fee in the first week of April to leave a full month for document uploads before the 1 May deadline.

University of Manitoba Bachelor of Commerce Finance Scholarships

Entrance funding is mostly automatic and tiered by Grade 12 percentage, with a single flagship award for international first-years. Continuing-year support is stronger through in-course scholarships and the Asper co-op programme.

• The International Undergraduate Student Entrance Scholarship is automatic at application, no separate essay or form required.
• It cannot be stacked with the International Baccalaureate Entrance Scholarship, so IB Diploma students pick the higher of the two.
• Continuing-year International Student Bursaries open through Aurora on 1 October each year and are closed to first-year students.

External Scholarships for Indian Applicants

Because entrance funding is capped at CAD 3,000, most Indian applicants target external Canada-bound scholarships to close the gap.

• The Vidya Lakshmi Portal lists over 40 Indian banks funding Canadian undergraduate study permits at INR 40 Lakhs collateral-free.
• The KC Mahindra Scholarship offers up to INR 8.5 Lakhs for Indian students pursuing overseas graduate study, applicable after year one.

Also Check: University of Manitoba Scholarships for Indian Students

Scholarship reality: Even a 95% CBSE topper caps entrance funding at CAD 3,000 (INR 1.99 Lakhs), which covers only 11% of one-year Asper tuition; Finance majors close the gap through co-op earnings averaging CAD 22.12 per hour (INR 1,472) from year two onwards.

University of Manitoba Bachelor of Commerce Finance Salary and Placements

Asper School of Business publishes an annual BComm Employment Report and program-specific placement figures for the Finance major. Winnipeg’s low cost base means starting salaries stretch further than headline numbers suggest.

Source: Asper School of Business Graduate Employment Survey and Finance BComm (Honours) programme page.

• Take-home after federal and Manitoba provincial tax on CAD 51,318 lands near CAD 40,500 (INR 26.96 Lakhs), verify at the Government of Canada income tax calculator.
• Co-op stream students report a 95% full-time employment rate at graduation, higher than the non-co-op track.
• Finance placement rate within Asper BComm graduates is 49%, second only to Accounting for direct employer offers.

Top Recruiters for Asper Finance Graduates

Recruiters concentrate around Winnipeg headquarters of Canadian banks, insurance, and provincial Crown corporations. Most Asper Finance grads take their first role in Manitoba before relocating.

• Big Five banks recruiting on campus include RBC, BMO Financial Group, TD Canada Trust, CIBC, and Scotiabank.
• Winnipeg-headquartered insurers Great-West Lifeco, Canada Life, and IG Wealth Management run structured Finance analyst pipelines.
• Big Four accounting firms MNP, KPMG, Deloitte, and EY hire Finance majors into audit and advisory streams.
• Public sector employers Manitoba Hydro, Manitoba Public Insurance, and the Bank of Canada regional office also list Asper Finance grads.

Read More: Study in Canada vs Study in USA for Indian Students

ROI reality: A CAD 51,318 starting salary in Winnipeg has roughly the same disposable income as CAD 70,000 in Toronto, so Finance majors keep more of their first paycheque than peers in higher-cost Canadian markets.

Canada Visa Bachelor of Commerce Finance

Indian students need a Canadian Study Permit, not a visitor visa, to enrol in the four-year BComm. Application opens as soon as the Asper offer letter and Manitoba Provincial Attestation Letter (PAL) are in hand, usually four to six months before the September start.

• Study Permit application fee is CAD 150 (INR 9,987) plus a biometrics fee of CAD 85 (INR 5,659).
• Proof of funds requirement is CAD 22,895 (INR 15.24 Lakhs) for one year of living costs, plus first-year tuition.
• The PGWP (Post-Graduation Work Permit) is issued for up to three years after a four-year Bachelor of Commerce, since degree programs stay fully field-eligible under 2026 IRCC rules.
• PGWP applicants from a degree program must show CLB 7 in an approved English test before permit issue, higher than the CLB 5 needed for college programs.
• Spouses of degree-level study permit holders remain eligible for a Spousal Open Work Permit, though dependants of diploma students no longer qualify since the January 2025 policy change.
• Permanent Residence through Express Entry is achievable within 24 to 36 months of graduation using Canadian work experience and CLB 7 English scores.

Also Check: Canada Student Visa Guide for Indian Students

Visa reality: IRCC processing time for Indian study permit applicants runs 8 to 12 weeks in 2026, so an April 2027 application is the safest lodgement window for a September 2027 Asper start.

University of Manitoba Bachelor of Commerce Finance Ranking 2027

Asper School of Business is ranked at the subject level by QS across its business and finance portfolios. The BComm sits under the Business and Management Studies umbrella, which is the ranking Indian applicants should weigh.

• The QS Business and Management Studies rank sits below Ivey and Rotman but ahead of most prairie-province peer BComm schools.
• Asper is an AACSB-accredited business school, a signal Indian recruiters recognise for Big Four and Big Five bank hiring.

Check Out: Top Business Universities in Canada for Indian Students

Honest take: Asper’s subject ranking is mid-table globally, but the AACSB seal plus Winnipeg’s low cost of living gives Indian BComm Finance students a stronger post-tax outcome than many higher-ranked Toronto and Vancouver schools.