MS in Business Analytics in Canada for Indian Students 2024
Business Analytics is becoming increasingly essential for businesses of all sizes. By analysing data, companies can make better decisions, understand customer behaviour, and improve their operations. The growing demand for Business Analytics courses is driven by the ability of these programs to teach students the skills needed to make informed business choices in today’s data-driven world.
This blog will inform you about a Master’s in Business Analytics in Canada.
- Why Pursue a Master’s in Business Analytics In Canada?
- Top Universities For MS in Business Analytics in Canada
- MS in Business Analytics Course Structure
- Job Opportunities After MS in Business Analytics in Canada
- Difference between MS in Business Analytics and MBA in Business Analytics
- MS in Business Analytics
- Eligibility Criteria for MS in Business Analytics in Canada
- Documents Checklist
- Post-Study Work Visa In Canada
- Conclusion
Why Pursue a Master’s in Business Analytics In Canada?
Here’s why you should pursue a Master’s in Business Analytics In Canada:
- Government Support: The Canadian government has invested heavily in data infrastructure and initiatives, creating a rich data analysis and research ecosystem.
- Data-Driven Culture: Many Canadian organisations increasingly adopt data-driven decision-making, making it an ideal environment to learn and apply business analytics skills.
- Multiple Sectors: Canada’s diverse economy, encompassing sectors like finance, technology, healthcare, and natural resources, provides business analysts with a wide range of opportunities to work on various projects and gain exposure to different industries.
- Data Privacy Regulations: Canada has strong data privacy regulations, such as the Personal Information Protection and Electronic Documents Act (PIPEDA), which are essential for responsible data handling and analysis. This ensures that business analysts ensure ethical data practices.
Top Universities For MS in Business Analytics in Canada
| University | Course | Duration | Tuition Fees (total) |
|---|---|---|---|
| Schulich School of Management | Master’s of Business Analytics | 1 year | CAD 92,745 |
| UBC Sauder | Master’s of Business Analytics | 1 year | CAD 69,080 |
| HEC Montreal | MSc in Data Science and Business Analytics | 16-24 months | CAD 30,479 |
| Queen’s University | MSc in Business Analytics | 1 year | CAD 25,800 |
MS in Business Analytics Course Structure
While the specific course structure may vary slightly between universities, a typical Master’s in Business Analytics in Canada includes the following core courses:
Core Courses:
- Data Analytics and Statistics
- Machine Learning
- Business Intelligence
- Data Visualisation
- Predictive Analytics
Specialisation Tracks:
Many Canadian universities offer specialisation tracks to cater to specific interests and career goals. Some common specialisations include:
- Marketing Analytics
- Financial Analytics
- Supply Chain Analytics
- Healthcare Analytics
- Risk Analytics
Elective Courses:
- Big Data Analytics
- Natural Language Processing
- Business Strategy and Analytics
Job Opportunities After MS in Business Analytics in Canada
Business Analytics graduates can find many diverse career options after completing a Master’s in Business Analytics in Canada and around the world. Below, we have listed the top industries of Canada and around the globe which prioritise utilising the skillsets of a business analytics graduate in growing and developing their organisations and enterprises.
- Banking and Finance: Risk management, fraud detection, customer segmentation, investment analysis, and portfolio optimisation.
- Education: Analysing student data, including academic performance, attendance, and engagement metrics.
- Healthcare and pharmaceuticals: Patient care management, resource allocation, operational efficiency, and clinical research.
- Manufacturing: Supply chain management, production planning, quality control, predictive maintenance, and process optimisation.
- Online businesses: Customer behaviour, preferences, and demographics
- Retail: Customer behaviour, optimising pricing strategies, forecasting demand, managing inventory, and personalising marketing efforts.
- Telecommunications: Customer usage patterns, optimise network performance, predict equipment failures, and improve customer service.
Below is the list of popular and highest-paying business analytics jobs in Canada in 2025.
| Job Posts | Annual Salary |
|---|---|
| Business Intelligence Analyst | CAD 70,000-93,000 (INR 43-57 Lakhs) |
| Business Intelligence Manager | CAD 94,000-100,000 (INR 57-61 Lakhs) |
| Data Scientist | CAD 81,000-100,000 (INR 49-61 Lakhs) |
| Data Analyst | CAD 53,000-77,000 (INR 32-47 Lakhs) |
| Management Analyst | CAD 69,000-93,000 (INR 42-57 Lakhs) |
| Market Research Analyst | CAD 51,000-98,000 (INR 31-60 Lakhs) |
| Revenue Manager | CAD 65,000-93,000 (INR 40-57 Lakhs) |
Difference between MS in Business Analytics and MBA in Business Analytics
Let’s quickly discuss some of the basic differences between an MS in Business Analytics and an MBA in Business Analytics.
| Criteria | MS in Business Analytics | MBA in Business Analytics |
|---|---|---|
| Focus | Advanced technical skills in data analysis, statistical modeling, machine learning, and data visualisation. | Broader business education with a focus on strategic management, leadership, finance, marketing, operations, and other core business areas. |
| Curriculum | Emphasises quantitative methods and tools for analysing large datasets. | Incorporates elements of data analytics, but the emphasis is on a well-rounded understanding of business principles. |
| Career Path | Data scientist, business analyst, quantitative analyst | Business analyst, data analyst, product manager, consultant. |
MS in Business Analytics
- Focus: Advanced technical skills in data analysis, statistical modeling, machine learning, and data visualisation.
- Curriculum: Emphasises quantitative methods and tools for analysing large datasets.
- Career Path: Data scientist, business analyst, quantitative analyst.
MBA in Business Analytics
- Focus: Broader business education with a focus on strategic management, leadership, finance, marketing, operations, and other core business areas.
- Curriculum: Incorporates elements of data analytics, but the emphasis is on a well-rounded understanding of business principles.
- Career Path: Business analyst, data analyst, product manager, consultant.
Eligibility Criteria for MS in Business Analytics in Canada
Gaining admission to a Master’s in Business Analytics program in Canada requires meeting specific criteria. While individual universities may have their unique requirements, there are some common factors to consider:
Core Requirements:
- Undergraduate Degree: A bachelor’s degree in a quantitative field like mathematics, statistics, computer science, engineering, or economics is generally preferred. A strong foundation in data analysis and problem-solving is crucial.
- GMAT or GRE Score: A competitive GMAT or GRE score is often mandatory for top-tier MBA programs. The specific score range varies depending on the university and program.
- Work Experience: While not always mandatory, relevant work experience in analytics, data science, or a related field can significantly enhance your application. Many programs prefer candidates with some professional experience.
- Language Proficiency: Demonstrating English proficiency through a standardised test like IELTS or TOEFL is essential for international students.
- Time duration: The process of WES Evaluation takes 7-10 days to complete, so it is advisable to apply for WES Evaluation accordingly.
Fees: CAD 163 (INR 10,125
Documents Checklist
- All Academic transcripts (specially undergraduate)
- Completed Application Form
- Application Fees
- A minimum GPA score of 3.0 out of 4.0 or 70-80% is required.
- English language proficiency scorecard: TOEFL (97-100), IELTS (6.0-7.0), PTE (65-70) is required
- 2-3 Letters of Recommendation
- 1-2 Statement of Purpose
- CV/Resume
- Work Experience certificate (if applicable)
- Proof of Funds
- Health Insurance
- Passport
Post-Study Work Visa In Canada
Canada offers a favourable post-study work permit for international students who have completed their studies at a designated learning institution. The duration of the permit varies based on the length of the completed program: up to three months for programs under eight months, up to one year for programs of eight months to two years, and up to three years for programs over two years. This allows graduates to gain valuable work experience in the Canadian job market and potentially transition to permanent residency.
Conclusion
Given the competitive salaries and increasing demand for business analytics professionals, pursuing a Master’s in Business Analytics in Canada is a smart career move. Canada boasts world-class universities like the University of Toronto, UBC, and McGill, offering top-notch programs in this field. Leading companies, including IBM, Deloitte, and Accenture, actively recruit graduates with these qualifications, making it a promising career path.
FAQs
Can I be admitted to the Master’s in Business Analytics in Canada without a GMAT score?
Yes, Canadian universities offer admission to MS in Business Analytics courses even without considering GMAT scores, provided that you have achieved a significant GPA in your previous qualifications.
What typical part-time jobs can an international student do while pursuing a Master’s in Business Analytics in Canada?
Some of the part-time work opportunities available in Canada are cafe waiters (CA$13 per hour), sales assistants (CA$14 per hour), baristas (CA$14 per hour), dog walker (CA$15 per hour), tutors (CA$16 per hour), and cab/delivery drivers (CA$19 per hour).
What is the scope of Business Analytics in Canada?
After pursuing Master’s in business analytics in canada they get jobs as data scientist, business intelligence analyst, data analyst with average salaries of CAD 70,000-93,000 per year.
Does a Master's in Business Analytics require work experience?
While a Master’s in Business Analytics can be pursued without prior work experience, having some relevant background is often beneficial. This could include internships, part-time jobs, or volunteer experiences in data analysis, statistics, or business administration.
What are some of the best schools in Canada for a Master’s in Business Analytics?
Some of the best schools in Canada for Master’s in Business Analytics are UBC, HEC Montreal and Queen’s University.
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.
