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.
Also read- Job opportunities after MBA abroad
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
Also read- GMAT or GRE: Which one should I take?
Admission Deadlines for MBA from Top B Schools in Canada
| Name of Universities | Intake | Round 1 | Round 2 | Round 3 | Round 4 | Round 5 | Round 6 |
|---|---|---|---|---|---|---|---|
| University of Toronto | September 2024 | November 15, 2023 | February 7, 2024 | April 10, 2024 | May, 31 2024 | June 12, 2024 | |
| McGill University | September 2024 | November 1, 2023 | January 15, 2024 | March 15, 2024 | May 1, 2024 | ||
| Ivey Business School | March 2025 | January 29, 2024 | April 15, 2024 | July 8, 2024 | September 23, 2024 | November 18, 2024 | January 10, 2025 |
| UBC Sauder | August 2024 | January 9, 2024 | March 12, 2024 | May 7, 2024 | |||
| Queen’s University | January 2025 | Tentative deadline for upcoming intake is September 2024 | |||||
| York University | September 2024 | October 4, 2023 | January 17, 2024 | April 17, 2024 | June 19, 2024 | ||
| Alberta School of Business | September 2024 | March 1, 2024 | |||||
| John Molson School of Business | September 2024 | March 1, 2024 | |||||
| HEC Montreal | August 2024 | November 15, 2023 | January 15, 2024 | March 15, 2024 | May 15, 2024 | ||
| McMaster University | September 2024 | October 11, 2023 | November 28, 2023 | February 28, 2024 |
Top Universities in Canada for MBA program
| Names of Univiersties | Ranking in Canada (2024) | QS global ranking (2024) | Tution Fee |
|---|---|---|---|
| University of Toronto | 1 | 40 | CAD 136,410 or 84,00,000 INR approx |
| McGill University | 2 | 73 | CAD 102,500 or 63,00,000 INR approx |
| Ivey Business School | 3 | 74 | CAD 126,600 or 78,00,000 INR approx |
| UBC Sauder | 4 | 89 | CAD 99,287 or 61,00,000 INR approx |
| Queen’s University | 5 | 92 | CAD 105,100 or 65,00,000 INR approx |
| York University | 6 | 98 | CAD 117,850 or 73,00,000 INR approx |
| Alberta School of Business | 7 | 121-130 | CAD 70,000 or 43,00,000 INR approx |
| John Molson School of Business | 8 | 131-140 | CAD 18,450 or 11,00,000 INR approx |
| HEC Montreal | 9 | 151-200 | CAD 59,100 or 36,00,000 INR approx |
| McMaster University | 10 | 151-200 | CAD 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 MBA | Job title | Top recruiters | Average salary packages/year |
|---|---|---|---|
| MBA in Marketing | Marketing Manager | Miovision, Microsoft | CAD 84,200-95,000 |
| MBA in Finance | Finance Manager | CWC, Amazon | CAD 63,000-130,000 |
| MBA in International Business | Business Development Manager | Salesforce, IBM | CAD 91,000-95,000 |
| MBA in Operations and Supply Chain | Operation Analyst | DHL, Bank of America | CAD 40,000-50,500 |
| MBA in Human Resource | HR Manager | McKinsey&Co., Scotiabank | CAD 80,000-95,000 |
| MBA in Healthcare and Lifesciences | Practice Administrator | Johnson and Johnson | CAD 78,000-80,000 |
| MBA in Information Technology | Chief Operating Officer | Microsoft, Amazon | CAD 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.
Also read- MBA vs MiM: Which is best for you?
FAQs
What is Executive MBA in Canada?
Is pursuing MBA from Canada is worthy?
What to do after completing MBA from Canada?
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.
