Master’s in Management in Canada: Entry Requirements, Top Universities, Fees in Canada
Master’s in Management in Canada is a 12-16 month program focusing on international accounting, finance, human resource management, supply chain management, etc. The program enables students to learn the value of marketing in a global business environment. This blog will help students analyse the widened career paths, top universities, entry requirements, and admission process for a master’s in management in Canada.
High standards of living, strengthened education system, and healthcare system, security, and diverse cultural experience have made Canada one of the leading countries that invites lakhs of international students every year.
- Why Study for a Master’s of Management in Canada?
- Top Universities for Master’s in Management in Canada: Fees, Ranking & Duration
- Syllabus for Master’s in Management in Canada
- Eligibility Criteria for Master’s in Management in Canada
- How to Apply for Master’s in Management: Document Checklist
- Scope of Master’s in Management in Canada: Jobs, Salaries & Top Companies
- Conclusion
- FAQs
Why Study for a Master’s of Management in Canada?
Canadian universities are known for their finance, management, business analytics, international business courses, etc. Canada is the best choice if you are also interested in these courses. Some reasons for pursuing a Master’s of Management in Canada are:
- Comprehensive course framework that helps students hone their soft skills & develop other skills.
- Universities provide international exposure & platforms, enabling students to work in top MNCs, organisations, etc.
- Graduates can learn from skilled professionals & industrial experts who share their experiences and make learning more practical.
- The degree offers learning in Finance, supply chain management, international business, etc, making it more inclusive for international students.
- Diversified roles, high standards of living & increased salaries attract lakhs of Indian students every year.
Top Universities for Master’s in Management in Canada: Fees, Ranking & Duration
The universities below offer diversified subjects & dissertation opportunities for students pursuing a Master’s in Management in Canada. The table below gives a detailed list of rankings, fees, and MiM duration in Canada.
| University | Course Name | QS MiM Rankings 2024 | Duration | Tuition Fee (Total) |
|---|---|---|---|---|
| Ivey Business School | MSc in Management (Digital Management) International Business + CEMS MiM MSc in Management (Business Analytics) | 49 | 16 months | MSc in Digital Management (CAD 81,180) International Business+CEMS MiM (CAD 92,250) MSc in Business Analytics (CAD 87,380) |
| Concordia University | MSc in Management | 130 | 24 months | CAD 86,500 |
| Haskayne School of Business (University of Calgary) | Haskayne, Master of Management | 140 | 10 months | CAD 55,679 |
| Schulich School of Business | Master of Management | - | 12 months | CAD 65,686 |
Syllabus for Master’s in Management in Canada
The comprehensive syllabus helps students polish their skills in management, finance, international business, etc. Many universities also conduct workshops and seminars to assist students in placements and internship opportunities. The curriculum is divided into core and elective subjects.
Core subjects include business analytics, financial management, accounting, strategic marketing, IT management, consumer insights, etc. Elective subjects in MiM include data management, leading responsibly, accounting & governance risk, global financial markets, etc. Some universities in Canada also offer paid internships or project opportunities to management graduates.
Eligibility Criteria for Master’s in Management in Canada
- Educational Background: A Bachelor’s honours degree in a related field with weighted average marks of at least 60-70%. Discipline related to this course includes business/economics/finance or something similar. However, some universities might consider a three-year undergraduate degree in any related discipline with relevant work experience.
- Language Proficiency Test: The minimum IELTS/TOEFL score is required as part of the admission criteria. A score of 7.0 in IELTS is favourable for admission. A score of 94 or above is considered decent in TOEFL iBT.
- Standardised Scores: Colleges do not require GMAT/GRE scores for admission. However, some colleges/universities might need the score for entry requirements. The ideal score on the GMAT is 650 or above for getting into your dream university.
How to Apply for Master’s in Management: Document Checklist
- Application Form: Candidates must complete the application form for their desired universities. (Students should choose their universities cautiously, considering fees, duration, and course structure).
- Academic Transcripts: Copies of mark sheets/academic documents are required as a part of the admission process.
- LOR & SOP: Students require 2-3 LORs and one SOP for their admissions. Some universities also need relevant work experience. Under such circumstances, one letter of recommendation is required from the employer.
- Language Proficiency Test score: A good IELTS/TOEFL score is required to enter your dream university.
- CV: Universities asking for work experience might need a student’s CV during the interview/ admission process. You can refer to our free CV review for more information.
- Passport: This is an important document required during admission.
Scope of Master’s in Management in Canada: Jobs, Salaries & Top Companies
The specialisation offers various career options for students, like consulting, marketing, entrepreneurship, banking, etc.
- Consultant: Many MiM graduates work in consulting agencies, providing strategic and financial advice to firms & organisations. They are also responsible for offering training & workshops to enhance the skills of other employees. The average salary of a consultant is CAD 80,000-100,000 (INR 48-61 lakhs).
- Entrepreneur: Roles of an entrepreneur depend on the type and stage of a business. They are responsible for providing strategy and overall direction to a company. Some founders also work as COO, CFO or CMO. They focus on growth, partnership, attracting investors, etc. The annual income of an entrepreneur falls from CAD 100,000-150,000 (61-91 lakhs).
- Financial Analyst: An analyst evaluates financial data, understands market trends, and advices firms on investment & other business decisions. Some skills of an analyst include problem-solving, critical thinking, and collaboration. The salary of an analyst falls from CAD 68,000-90,000 (INR 41-54 lakhs).
- Human Resource Manager: An HR manager is responsible for managing recruitment, training, strengthening employer-employee relationships, maximising output, and conducting workshops for developing the skills of employees. They receive an annual salary of CAD 77,000-99,000 (INR 47-60 lakhs).
- Supply Chain Manager: A supply chain manager oversees logistics and inventory management. They are also responsible for analysing sales data and market trends to predict future supply chain activities. The average salary of a supply chain manager falls from CAD 85,000-100,000 (INR 51-61 lakhs).
- Business Development Executive: An executive is responsible for analysing competitor activities and customer needs to identify new business opportunities. They also establish and maintain strong relationships with clients, partners and stakeholders. They receive an average salary of CAD 80,000-91,000 (INR 48-55 lakhs).
The table below will help students analyse the job roles and salaries after a Master’s in Management in Canada.
| Job Roles | Average Salary (per annum) | Top Companies |
|---|---|---|
| Business Development Executive (BDE) | CAD 80,000-91,000 (INR 48-55 lakhs) | Bell, IBM, Amazon, Bank of Canada, EY, SAP, Boston Consulting Group |
| Supply Chain Manager | CAD 85,000-100,000 (INR 51-61 lakhs) | Nestle Diary, Unilever, Walmart, Pepsico, Johnson & Johnson |
| Human Resource Manager | CAD 77,000-99,000 (INR 47-60 lakhs) | Accenture, PepsiCo, Deloitte, Amazon, Randstad Manufacturing & Logistics |
| Financial Analyst | CAD 68,000-90,000 (INR 41-54 lakhs) | Scotiabank, Bell, Citigroup, Royal Bank of Canada, IBM, Amazon |
| Consultant | CAD 80,000-100,000 (INR 48-61 lakhs) | Citigroup, Bell, IBM, EY, Accenture, Amazon |
Conclusion
A Master’s in Management in Canada can tailor students’ future by building managerial skills. High living standards, work experience, and high-paying jobs have made Canada’s dream destination for many Indian students.
FAQs
What is the cost of living in Canada?
The average living expenses in Canada range from 8-10 lakhs per annum for Indian students.
Is GRE/GMAT required for admission to MiM?
Many universities do not require GRE/GMAT scores as entry requirements. However, some universities in Canada need GRE/GMAT scores for admission.
What is the tuition fee for a Master’s in Management?
The tuition fees for MiM vary from university to university. The table above gives a detailed list of tuition fees and the duration of some of the best universities in Canada. The average tuition fee for pursuing a Master’s in Management in Canada ranges from CAD 65,000-81,000.
What are the significant job opportunities after MiM in Canada?
Some leading roles after a Master’s in Management are consultant, supply chain manager, entrepreneur, business development executive, etc. A detailed list of roles, average salaries & top MNCs are listed above for reference.
What is the average salary after MiM in Canada?
The average salary of a MiM graduate is INR 61-85 lakhs per annum. However, income varies depending on the role and company.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
