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MBA in Canada

MBA in Canada: Top Universities, Fee and Job Opportunities

The presence of world-class business schools in Canada not only provides classroom and in-depth practical training in business management but also gives opportunities for internships with international industries and corporations in multicultural environments. In this blog we will explore the opportunities of pursuing MBA in Canada.

Table of Contents

What is MBA?

MBA stands for Masters of Business Administration which is a postgraduate level course, designed for those who want to make a career in business or finance.

It includes various subjects related to commerce background like economics, finance administration, accounting, human resource management, etc. MBA course provides excellence in both theoretical and practical aspects of business and financial investment. 

Why MBA in Canada?

Pursuing an MBA in Canada comes with lots of advantages, especially for Indian students who want to fulfil their aspirations of becoming leaders and managers in the business and finance field. Every year lakhs of Indian students fly to Canada to enroll in professional business courses, primarily for MBA. One of the biggest reasons behind hunting MBA courses in Canada is the presence of world-class business schools that not only provide classroom and in-depth practical training in business management but also give opportunities for internships with international industries and corporations in multicultural environments.

Apart from this, the cost of pursuing an MBA in Canada is a lot cheaper than any other country. The average cost of tuition fee in Canada ranges from INR 24,88,000 – INR 31,00,000 which could be reduced further by various scholarship programs funded by Canadian universities.

Why MBA is Best for You?

Although pursuing any course or degree program depends upon the field of interest and skills of the student however professional courses such as MBA not only foster grooming of the overall personality of students but also develop leadership skills in them. The curriculum of MBA in Canada comprises subjects like Economics, Finance, and Business Administration placing high emphasis on students solving critical problems of the real world.

It also encourages students to develop their communication, presentation, and networking skills for better job opportunities around the globe.

Eligibility for MBA in Canada

Educational background: A Bachelor’s degree from a recognized institute    (Some universities require minimum GPA scores)

GMAT/GRE Score: Many universities require applicants to submit a GMAT or GRE score along with the application. However several universities don’t require a minimum score and even provide an exam waiver.

Work Experience: Work experience of a minimum of 2 years is required. It may vary from institution to institution.

Letter of Recommendation: One or two LORs are required from current/previous employers and academic references.

Essays/Statement of Purpose: Applicants are required to submit an essay/statement of purpose along with their application (depending upon the individual requirement of the universities) 

English Proficiency skills: Students of non-English speaking countries need to take an English proficiency test such as IELTS, TOEFL, Duolingo or others.

Interview: Applicants are required to go through an interview process to showcase their eligibility in the form of a personality assessment.

MBA in Canada without GMAT

Most Canadian universities require a GMAT/GRE score to give admission to international students in their MBA programs. Do you know many institutions in Canada waive off the GMAT score? However, one’s academic and work experience background must be strong enough to seek admission to an MBA in Canada without a GMAT score.

  • GPA score in the undergraduate degree must be higher than minimum requirement
  • A work experience of a minimum of 3 years is required
  • Showcasing relevant skills developed through internships is required

Below are some universities which provide admission in MBA without GMAT score

  • University of Toronto
  • University of Alberta
  • Vancouver Island University
  • York University
  • Queen’s University
  • Lakehead University
  • Ivey Business School
  • New York Institute of Technology

Admission Deadlines for MBA from Top B Schools in Canada

Name of UniversitiesIntakeRound 1Round 2Round 3Round 4Round 5Round 6
University of TorontoSeptember 2024November 15, 2023February 7, 2024April 10, 2024May, 31 2024June 12, 2024
McGill UniversitySeptember 2024November 1, 2023January 15, 2024March 15, 2024May 1, 2024
Ivey Business SchoolMarch 2025January 29, 2024April 15, 2024July 8, 2024September 23, 2024November 18, 2024January 10, 2025
UBC SauderAugust 2024January 9, 2024March 12, 2024May 7, 2024
Queen’s UniversityJanuary 2025Tentative deadline for upcoming intake is September 2024
York UniversitySeptember 2024October 4, 2023January 17, 2024April 17, 2024June 19, 2024
Alberta School of BusinessSeptember 2024March 1, 2024
John Molson School of BusinessSeptember 2024March 1, 2024
HEC MontrealAugust 2024November 15, 2023January 15, 2024March 15, 2024May 15, 2024
McMaster UniversitySeptember 2024October 11, 2023November 28, 2023February 28, 2024

Top Universities in Canada for MBA program

Names of UnivierstiesRanking in Canada (2024)QS global ranking (2024)Tution Fee
University of Toronto140CAD 136,410 or 84,00,000 INR approx
McGill University273CAD 102,500 or 63,00,000 INR approx
Ivey Business School374CAD 126,600 or 78,00,000 INR approx
UBC Sauder489CAD 99,287 or 61,00,000 INR approx
Queen’s University592CAD 105,100 or 65,00,000 INR approx
York University698CAD 117,850 or 73,00,000 INR approx
Alberta School of Business7121-130CAD 70,000 or 43,00,000 INR approx
John Molson School of Business8131-140CAD 18,450 or 11,00,000 INR approx
HEC Montreal9151-200CAD 59,100 or 36,00,000 INR approx
McMaster University10151-200CAD 111,300 or 69,00,000 INR approx

Career After MBA in Canada

International students who pursue MBA from Canadian universities get attractive job opportunities from top recruiters around the world. This includes handsome salary packages, attractive growth opportunities, and learning new skills.

Take a look at the table below to learn more about popular jobs, top recruiters, and average salary packages.

Specialization in MBAJob titleTop recruitersAverage salary packages/year
MBA in MarketingMarketing ManagerMiovision, MicrosoftCAD 84,200-95,000
MBA in FinanceFinance ManagerCWC, AmazonCAD 63,000-130,000
MBA in International BusinessBusiness Development ManagerSalesforce, IBMCAD 91,000-95,000
MBA in Operations and Supply ChainOperation AnalystDHL, Bank of AmericaCAD 40,000-50,500
MBA in Human ResourceHR ManagerMcKinsey&Co., ScotiabankCAD 80,000-95,000
MBA in Healthcare and LifesciencesPractice AdministratorJohnson and JohnsonCAD 78,000-80,000
MBA in Information TechnologyChief Operating OfficerMicrosoft, AmazonCAD 73,028-90,000

Conclusion

Every year many Indian students fly to Canada to fulfill their dreams and aspirations by pursuing MBA programs due to the flexibility set up by the Canadian administration. Canada offers relatively more affordable business education for international students as compared to the USA and therefore is an excellent alternative. Various scholarship schemes and financial assistance are also provided by universities which paves the way for students to gain employment opportunities and permanent residence.

FAQs

What is Executive MBA in Canada?

Executive MBA is a program designed for working professionals in senior executive and managerial posts. It requires work experience of 6-10 years.

Is pursuing MBA from Canada is worthy?

Business schools in Canada offer high-quality education at an affordable cost so it is a preferred destination for many foreign nationals.

What to do after completing MBA from Canada?

Pursuing MBA from Canada offers ample opportunities across sectors for MBA graduates. Major hubs like Toronto, Vancouver, and Montreal see thousands of openings annually

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.

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