Masters in Business Analytics in Canada for Indian Students

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. 

Why Study Masters in Business Analytics Canada?

A plethora of benefits come with pursuing a master's in Business analytics in Canada. A few of them are carefully listed below:

• According to the Bureau of Labor Statistics, there is expected to be a steep rise in statistics jobs, upwards of 110,000 by 2026.
• The average starting salary for job roles in business analytics is USD23,000.00
• About 3 Canadian Universities are in the Worlds Top 100 according to the QS World University Ranking.
• Graduates can work in any sector.
• Canada is a very immigrant-friendly nation.

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Masters in Business Analytics Canada: Course Highlights

A few of the course highlights are listed below:

• Course duration- one-two years
• Available as MBAN or MBA with a specialisation in Business Analytics
• The tuition fee range is 20,000-50,000 USD
• Eligibility- To gain admission into the program, students would need a four-year undergraduate degree with at least a 3.0 GPA (83-86%)
• The test required- a GMAT score is needed for top universities. However, in exceptional cases, such as when applicants have stellar academic records, the GMAT can be waived because that would be more than enough to show their intellectual prowess. That said, it's best to contact the university to ascertain this.
• Salary range- 70,000-100,000 USD
• Sectors- media, retail services, financial services, healthcare, etc.
• Top recruiters- Deloitte, KPMG, CIBC, Air Canada, Amazon, HSBC, PWC, Hoot Suite, Accenture, General Mills, Oliver Wyman

Read More: MBA in Business Analytics in Canada

Best Universities To Study Masters 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.

Masters in Business Analytics Canada: Eligibility Criteria

The eligibility criteria for students looking to gain admission into the Masters in Business Analytics Program are as follows:

• Students need a 4-year bachelor's degree with subjects like calculus, algebra, and statistics
• GRE/GMAT score
• A 3.0 GPA on a scale of 4.0 or B or B+ grade
• English language proficiency tests like TOEFL, PTE, or IELTS
• Hands-on experience in computer- programming and data analytics

Masters in Business Analytics Canada: Admission Process

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:

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Masters in Business Analytics is Canada: Required Documents

Students are required to submit the following documents to gain admission into the Master in Business Analytics program:

• Transcripts- students are to send in original copies of their academic transcripts
• Proof of English language proficiency- International students from non-native English speaking are required to submit evidence of English language tests such as IELTS 7.0 with a band score of 6.5 each, TOEFL (IBT) 100
• Copy of Cv - An updated curriculum vitae is required in addition to the application.
• A letter of recommendation- Most universities require two/three.
• Supporting documents- a Statement of purpose may be required by some universities.

Cost of Studying Masters in Business Analytics Canada

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.

Pre-Arrival Cost

Cost of living

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.

• Cost of books/ course materials- 756-1510 USD
• Food and beverages- 3000-4000 USD
• On-campus accommodation- CAD$ 3000-7500

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

Scholarships for Masters in Business Analytics students

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.

Jobs and Salary After Masters in Business Analytics Canada

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.

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.

Read More: Post Graduate Diploma In Business Analytics In New Zealand

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