Updated on May, 23 2024 06:55 IST
MBA in Canada
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An MBA degree (Masters of Business Administration) is one of the most popular degrees opted for by students globally. For this, there are thousands of students who wish to obtain an international degree and gain exposure in an international market. There are several countries exceptionally popular for an MBA programs. One of them is Canada. Canada is one of the best countries to pursue a degree in business and management. The country is home to over 92 institutes, and 175 technical colleges that offer a comprehensive MBA courses with vocational training. Canadian business schools have successfully attracted a huge number of international students who look for the best opportunity on a global scale.
| Medium of Instruction | English |
| Duration of Course | 1 to 3 years |
| Intakes | There are two session intakes in January and some programs in September. |
| Fee Range | Approx $12,000 to $34,000 |
| Work Experience | It is preferred. At least 1-2 years of work experience |
| GMAT/GRE | Students must qualify for the GMAT or GRE examinations |
| English Proficiency Test | Minimum qualifying marks in TOEFL and IELTS are required |
| Work After Study | After completing their MBA degree, students have tremendous scope for jobs in Canada. |
Canada includes some of the best business schools and universities for national and international students. Some of them are:
Rotman School of Management
Desautels Faculty of Management
Smith School of Business
Ivey Business School
Schulich School Business
Sauder School of Business
Alberta School of Business
Rowe School of Business
If you are wondering why you should choose Canada as your ideal MBA destination, here are a few reasons –
Canadian universities and business schools provide a wide career prospect for students.
Canada is popular for offering a well-developed and comprehensive curriculum and a globally recognized degree.
The admission process in Canadian universities is rather simple; therefore, you can apply with zero hassle.
Canadian universities are famous for offering MBA degrees at affordable rates and costs.
Canada is home to a mixed culture; therefore, students feel exposed to interacting with outsiders and experiencing a multicultural environment.
The Canadian universities have a faculty of experienced and world-class professors and teachers to impart qualitative education to students.
Canada is a popular country for pursuing higher education in business and management. Among the major highlights are –
The course duration for MBA in Canada lasts for 1-2 years.
There are exceptional job opportunities available after the MBA degree for national and international students.
All courses and lessons are taught in the English language for the convenience and comprehension of students.
There are a few entrance examinations for an MBA degree that are required by Canadian universities.
There are several specializations you can pursue when applying for MBA in Canada
MBA In HRM: MBA in Human Resource Management is a common and chosen MBA specialization by students. Business schools in the country train students in hiring, training, and managing employees.
International MBA: In this specialization course, students are exposed to learning from some of the best professors and industry leaders.
MBA In Finance: Business schools in Canada focus on imparting students theoretical and practical knowledge on analytics, portfolio management, corporate finance, market finance, and more.
Students must fulfill a few eligibility criteria for studying MBA in Canada –
Students are expected to have a bachelor’s degree from a reputed university.
The students are required to have relevant work experience in whichever specialization course they choose.
Students need to clear the GMAT or GRE entrance exam with a minimum qualifying score.
Students must clear their IELTS or TOEFL proficiency tests.
Students should present the following documents at the time of admission to the respective universities –
Mark sheets and certificates of classes 10, 12, and bachelor's degrees.
IELTS or TOEFL score card
GMAT or GRE scorecard
Financial statements and bank statements
Work experience certificate
Recommendation letters
SOPs
Passport size photographs
Passport
Canada usually has two intakes during the fall and spring seasons.
The fall season intake is in the month of September. The session lasts from December to April.
The intake for the spring season is usually held in January. The spring semester begins in May and lasts till August.
Different business schools offer an MBA course in different periods. These are:
| BUSINESS SCHOOL NAME | UNIVERSITY | DURATION |
|---|---|---|
| Rotman School of Management | University of Toronto | 2 years |
| Desautels Faculty of Management | McGill University | 12-20 months |
| Smith School of Business | Queen’s University | 1 year |
| Ivey Business School | University of Western Ontario | 1 year |
| Schulich School Business | York University | 16-20 months |
| Sauder School of Business | The University of British Columbia | 16 months |
| Alberta School of Business | University of Alberta | 20 months |
| Rowe School of Business | Dalhousie University | 1 year |
There is a procedure in which students are expected to apply in universities. The steps of the process are as follows –
The first step is to select the desired college and course.
The next step is to visit the respective college website and apply online.
Students must then apply for all the entrance exams.
Students need to pay the application fee.
Within 2-3 weeks of application, the colleges review the application.
The selected candidates will receive a confirmation mail and an invitation letter.
Next, the students are required to pay their course fees.
Upon paying the fees, students can apply for the visa
Once the visa is approved, students are ready to fly to Canada for higher studies.
All students are required to clear their IELTS or TOEFL examinations to secure admissions in universities. The average percentage required for English proficiency tests are:
IELTS- 6.5-7.0
TOEFL- 95-100
Most universities and business schools in Canada require a GMAT score for admissions. However, a few universities take students without clearing the entrance exam. Some of these universities are –
Schulich School of Business
York University
Queen’s University Smith School of Business
The cost of studying MBA in Canada depends largely on the university and the business schools. It is relatively affordable than most business schools in other countries. On average, a student will need $12,000 to $34,000 to pursue an MBA in the country. Apart from this, an international student will need a few extra dollars to live in the country.
The fee structure of the MBA program in different colleges is different. Follow the table to know about the fee structure of colleges -
| BUSINESS SCHOOL NAME | UNIVERSITY | COURSE FEE PER YEAR |
|---|---|---|
| Rotman School of Management | University of Toronto | $44,857 |
| Desautels Faculty of Management | McGill University | $34,970 |
| Smith School of Business | Queen’s University | $71,250 |
| Ivey Business School | University of Western Ontario | $88,125 |
| Schulich School Business | York University | $39,030 |
| Sauder School of Business | The University of British Columbia | $46,835 |
| Alberta School of Business | University of Alberta | $23,500 |
| Rowe School of Business | Dalhousie University | $32,383 |
The cost of living in Canada largely depends on the lifestyle of students. Toronto is considered an expensive city to live in; therefore, one must consider a few expenses before shifting to Canada for higher studies. The cost of living, including amenities and necessities, include
Accommodation expense: Rs. 40,000 to Rs. 50,000 (approx)
Food expense: Rs. 15,000 to Rs. 20,000 (approx)
Transport expense: Rs. 5,000 to Rs. 8,000 (approx)
For international students, it is essential to have a Canadian student permit or student visa. Without a visa, a student can neither study nor live in Canada.
Some students cannot afford an MBA course in an international country. Even though they dream of achieving big things, they cannot fulfill their dreams due to a lack of finances. To combat this crisis, the government and the universities offer financial aid. Some of the scholarship programs for the purpose are:
Ontario Graduate Scholarship
University of Waterloo Graduate Scholarship
Go Clean Scholarship
Central Sector Scheme of National Overseas Scholarship
Working during an MBA program in Canada is acceptable and allowed. Students can take up part-time jobs as they wish.
There are several jobs to choose from in Canada.
Some places like hospitals, restaurants, cafes, general stores are some places students can choose for part-time jobs.
The average pay per hour for a part-time job is $18-$20.
Students can get some financial help during their part-time job in Canada.
Canada follows two official languages- French and English. Learning basic English and passing the IELTS or TOEFL is crucial for all students. Even though learning French isn't mandatory for students, it is recommended. This ensures easy communication with the locals.
Business schools in Canada offer two MBA courses- full-time and part-time. The full-time course usually includes two years. It is best for students who travel to the country for study purposes. Some of the colleges providing full-time courses are –
Telfer School of Management, University of Ottawa
HEC Montreal
Schulich School of Business, York University
Beedie School of Business, Simon Fraser University
Sauder School of Business, University of British Columbia
Part-time MBA in Canada is for those students who work full time and wish to obtain an MBA degree during their part-time. For them, the course duration lasts for about 3-6 years. Some universities providing part-time MBA are –
Molson School of Business, Concordia University
HEC Montreal
Smith School of Business, Queen’s University
Rogers School of Management, Ryerson University
Schulich School of Business, York University
School of Business, University of Alberta
There is no need for students to pass the Canadian proficiency test in the case of the language. Only an English proficiency test is mandatory for students to clear with minimum qualifying marks.
There is immense scope for students in that field when it comes to a successful career after MBA in Canada. Once students graduate from a renowned business school in the country, they can find great career opportunities. Some of the job areas to apply for, along with their average salaries are –
| Jobs | Average Salary in CAD |
|---|---|
| Marketing Analyst | $51,000 |
| Marketing Manager | $84,000 to $141,000 |
| Manager- Sales and Marketing | $359,100 |
| Marketing Coordinator | $70,000 |
| Human Resource Manager | $71,000 |
| Human Resource Director | $100,000 |
| Business Development Officer | $75,000 |
| Business Management Consultant | $69,000 |
Canada witnesses thousands of Indian students coming to study for an MBA degree. The country allows over 1 70,000 students to study. India is one of the largest countries that allow students for higher studies in Canada. With the multiculturalism in the country, Indian students find it quite amiable and comfortable to live and study.
For applying for a visa in Canada, students require the following:
Adequate funding is required for applying for a student visa in the country
Students need to submit a filled and signed visa application form
Two copies of the passport
Valid passport
Birth certificate
Recent passport size photographs
A lot aspire to travel to another destination and pursue higher education. However, not everyone is equipped with the resources to proceed with the process. For such students, Anigdha is here to alleviate the worries and make the process of international admission easier. We offer the following services to students –
Consulting: The consulting process is explained and guided to our clients. We provide career advice and consultation as well.
Shortlisting Schools: We examine your career goals and requirements in order to determine the most appropriate business school for you.
Documentation: If you are uncertain about what to submit as part of the application process, we can assist you.
Application: If you need help applying to Canadian business schools, please contact us.
Rounds of interviews: Most Canadian universities conduct interviews to admit students. This can be challenging for some students. Our mock interviews are designed to help you clear the interview rounds at universities.
Guidance on visas: We assist you with your visa application and suggest which documents you'll need.
Connect: If students face any problems or issues, we are equipped to handle them efficiently.
Some students cannot afford the expensive fees structure of a few business schools. Therefore, Canada has a list of schools that offer a cheap fee structure. Some of these universities are:
Memorial of University Newfoundland
University of Saskatchewan
Southern Alberta Institute of Technology
Carleton University
After Russia, Canada is considered the second-largest country in the world. The Pacific, Atlantic, and Arctic oceans border the country. Canada lies on the top side of North America. The country is known for its picturesque natural beauty, great infrastructure, good career opportunities, excellent education, and multicultural environment. It represents 250 ethnic origins. Business schools in Canada are globally recognized for their impeccable facilities and extraordinary academic structure. The climate in Canada during the winters reaches the extreme. It goes from as low as -10 degrees to -20 degrees. Some interesting facts about Canada are:
Canada is one of those countries that have the highest literacy rate.
Canada has the second-largest area in the world.
Canada has the lowest density in population in the world.
Canada is also considered a famous nation because of its macaroni and cheese
| Capital | Ottawa |
| Official Languages | English and French |
| Largest City | Toronto |
| Total Area | 9,984,670 square kilometers |
| Total Population as per 2022 estimate | 38,654,738 |
| Currency | Canadian dollar |
Is an MBA degree from Canada acceptable in other countries?
Yes, an MBA from Canada holds immense value. It is accepted around the world.
How much time does the visa approval process take for Canada?
It generally takes up to 2-3 weeks to get the visa approved for Canada.
Do students need to submit any financial statements for an MBA in Canada?
Yes, students have to submit a financial statement to study in the country.
Can students work part-time in Canada while studying?
Yes, students can work part-time in the country; however, they have to follow a few rules and regulations.
Is work experience mandatory for MBA in Canada?
No, it is not mandatory. There are a few schools that allow the entry of students without any work experience.
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