Graduate students may take out student loans, but instead they often work as teaching or research assistants. Students often agree, as a condition of acceptance to a programme, not to devote more than twelve hours per week to work or outside interests. Various universities in Canada have different policies in terms of how much funding is available. This funding may also be different within a university in each of the disciplines. Many universities offer Evening MBA programs where students are able to work full-time while obtaining an MBA through evening classes, which allows them to pay their way through school.[4]

Admission to a master's (course-based, also called "non-thesis") program generally requires a bachelor's degree in a related field, with sufficiently high grades usually ranging from B+ and higher (note that different schools have different letter grade conventions, and this requirement may be significantly higher in some faculties), and recommendations from professors. Admission to a high-quality thesis-type master's program generally requires an honours bachelor or Canadian bachelor with honours, samples of the student's writing as well as a research thesis proposal. Some programs require Graduate Record Exams (GRE) in both the general examination and the examination for its specific discipline, with minimum scores for admittance. At English-speaking universities, applicants from countries where English is not the primary language are required to submit scores from the Test of English as a Foreign Language (TOEFL). Nevertheless, some French speaking universities, like HEC Montreal, also require candidates to submit TOEFL score or to pass their own English test.

The Master of Business Administration, or MBA degree,  is a master’s degree in business administration (management) that actually originated in the U.S. as a scientific approach to management; it is both a terminal degree and a professional degree. Core topics in MBA programs commonly cover accounting, finance, marketing, human resources, operations.


Master's degrees in counseling are often offered through a university's school of education. These programs focus on therapies and behavioral modification techniques. Individuals with an M.A. or M.S. in counseling often work as school counselors or career counselors, but they may also be employed in private practices, mental health clinics or hospitals.
The degrees of master (from Latin magister) and doctor (from Latin doctor) were for some time equivalent, "the former being more in favour at Paris and the universities modeled after it, and the latter at Bologna[4] and its derivative universities. At Oxford and Cambridge a distinction came to be drawn between the Faculties of Law, Medicine, and Theology and the Faculty of Arts in this respect, the title of Doctor being used for the former, and that of Master for the latter."[5] Because theology was thought to be the highest of the subjects, the doctorate came to be thought of as higher than the master's.[6]
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