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Are you a graduate of Data Analytics, Computer Sciences, or Economics, or do you have a background in statistical mathematics and you're looking to further your studies abroad? If so, your following best line of action would be to pursue your Master in Business Analytics in Canada. After the MBA, it is one of the most sought-after courses. The Master's in Business Analytics (MBAN) is an amalgamation of business and technology.
It provides analytical insight, which is required to achieve business goals. Its core subjects include big data analytics, supply chain analytics, data visualisation, energy analytics, and customer analytics, amongst other specialisations.
A plethora of benefits come with pursuing a master's in Business analytics in Canada. A few of them are carefully listed below:
Suggested Reads:
Master of Business Analytics in Australia | Master of Business Analytics in USA |
Master of Business Analytics in UK | Master of Business Analytics in Germany |
A few of the course highlights are listed below:
Read More: MBA in Business Analytics in Canada
Canada is home to some of the top-ranking universities; and business colleges that equip students with analytical skills like designing and implementing tests of processes, data review, financial planning and forecasting, gap analysis, qualitative and quantitative research, technical integration, and validity functionality. Students would also develop their communication, critical thinking, negotiation, and problem-solving skills. These technical skills are bound to enable them to thrive in various sectors of the economy upon graduation. The following is a list of some of Canada's top universities.
UNIVERSITIES |
QS RANKING |
COURSE |
TUITION FEES IN USD |
Ubc Sauder School Of Business |
34 |
Master In Business Analytics |
42,000 |
York Schulich School Of Business |
401-500 |
Master In Business Analytics |
38,500 |
University Of Alberta |
136 |
Mba Business Analytics |
43,000 |
Western Ivey Business School |
201-250 |
Ms Business Analytics |
51,600 |
Hec University |
137 |
Ms In Data Analytics |
20,353-20,730 |
Mcmaster Degroote School Of Business |
72 |
Mba Business Analytics |
30,250 |
Carleton University |
501-600 |
Ms Business Analytics(Collaborative Masters) |
38,500 |
The eligibility criteria for students looking to gain admission into the Masters in Business Analytics Program are as follows:
The admission process for the Masters in Business Analytics program varies for different universities in Canada. Applicants are required to visit the website of the institution they wish to apply to for the specific procedure. International students are usually advised to apply for the fall semester. Some university-specific requirements are as follows:
UNIVERSITIES |
ELIGIBILITY CRITERIA |
Ubc Sauder School Of Business |
Gre/Gmat |
York Schulich School Of Business |
Gmat Avg-680, Grade (B+), Work Experience |
University Of Alberta |
Gmat- 550, 50% Percentile In Gre, Work Experience- 5 Years Avg, |
Western Ivey Business School |
Gmat/Gre |
Hec University |
Gmat-600/Gre, Tage Mage 800 French Language Proficiency, Tef/Tcf, B2-C1 Level |
Mcmaster Degroote School Of Business |
Work Experience, Gmat -600, Kira Online Interview |
Carleton University |
Gmat-550, Gre, Interview, 2-Year Work Experience |
Students are required to submit the following documents to gain admission into the Master in Business Analytics program:
Canada is a top destination for international students looking to further their studies due to its low cost of living, high standard of living, and low tuition fees compared to other countries. This shall be broken down into two segments: pre-arrival costs and the cost of living in Canada.
EXPENSE |
COST IN USD |
Masters Application fees |
75-113 |
Visa application fee |
235 |
IELTS application fees |
185-190 |
TOEFL fee |
160-250 |
GMAT app fee |
250 |
GRE fee |
205-230 |
Health insurance |
10,000 |
Travel fare |
450-1400 |
Compared to other cities like London or New York, the cost of living in Canada is relatively low. It's pretty standard for students to choose on-campus accommodation in the first year because they can share a room with one or more roommates. The costs would be broken down into the university-specific average minimum expense. Expenses include but are not limited to; books/course material, transportation, feeding, etc. It's also dependent on the student's lifestyle choices.
A three-bedroom apartment would cost the following in different cities; Toronto- CAD$1,900, Montreal- CAD$1,050, CAD$1,950, Vancouver- CAD$1,950, Ottawa- CAD$1,300, Edmonton-CAD$1,500, Calagary- CAD$1,650
UNIVERSITY |
COST OF LIVING IN USD |
UBC |
12,700 |
University of Alberta |
15,000 |
Carleton University |
6,050-10,100 |
York University |
7,650 |
Western Ivey Business School |
15,000 |
HEC Montreal |
5000 |
McGill |
7000 |
McMaster University |
8000 |
If necessary, international students might benefit from the numerous funding opportunities. Additionally, they can apply from their home country. MPOWER can also be contacted for loans of up to USD 50,000. Scholarships available to applicants are listed below.
Name of SCHOLARSHIP |
AMOUNT IN USD |
UNIVERSITY |
Aisha top scholarship |
3780-7565 |
University of British Columbia |
No specific scholarship |
N/A |
University of Alberta |
Merit-based award |
15,129 |
Western Ivey Business School |
Entrance scholarship |
Varies |
HEC Montreal |
Various entrance scholarships are available |
3700-5700 |
McGill |
Provost entrance scholarship for the Woo family |
5673 |
McMaster University |
Graduates of the Masters in Business Analytics program have huge job prospects in Canada due to the steady rise of data-related job roles. Data has now become a virtual quantity that is omnipresent. The job roles of most business analysts mainly entail handling big data and information, analysing them, and making them useful for their employers. They are skilled in handling market dynamics shifts and finding different growth opportunities.
International students are allowed to work part-time with a study permit. Also, upon completion of the course, students can get a temporary work visa that directly impacts their duration of work permit in Canada, i.e. if your course were for two years, your work permit would also be for two years. However, renewal is allowed once it expires, or one can opt for a permanent residency status after fulfilling the stay in Canada minimum requirements. Listed below are some of the roles that can be absorbed upon graduation.
JOB ROLES |
SALARY (USD) |
Business Analyst |
78,574 |
Management Analyst |
72,117 |
Business Intelligence Analyst |
77,638 |
Market Research Analyst |
53,625 |
Data Scientist |
107,500 |
Business Data Analyst |
70,000 |
Data Analyst |
60,416 |
Financial Analyst |
70,057 |
Revenue Management |
95,000I |
innovation Manager |
95,357 |
System Analyst |
73,956 |
With the rise of data science, business analytics has recently seen a laudable transformation. Students usually find it hard to decide whether to opt for the MBA or MBAN. The MBA is usually a default option. However, ever since the introduction of other more technical courses and programs such as the MBAN, applicants now have new horizons to choose from.
With all of the above mentioned, International applicants will have no regrets about about about opting for the Masters's program as they are bound to have a great time during and even after their studies. This write-up would provide the much-needed information for anyone looking to apply to the Master in Business Analytics in Canada.
Still unclear about anything? Well, not to worry. aecc and get your queries answered today! aecc is one of the world's leading educational consultancies with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.
Yes, Canada is among one of those top countries providing "MS in Business Analytics" courses.
Many Canadian colleges include GMAT as one of their mandatory admission requirements for MS in business analytics.
These master's in business analytics programmes with a STEM focus are opening up new doors for foreign students in the US.
Business analysts in Canada have a promising employment future. There will be about 14,800 new job vacancies, according to Job Bank.
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