Your dream of studying MBA in
Canada is closer than you think!
Learn everything you need to know about studying MBA
in Canada and get end to end expert guidance from us.
Your dream of studying MBA in Canada is closer than you think!
Learn everything you need to know about studying MBA in Canada and get end-to-end expert guidance from us.
MBA in Canada for Indian Students
MBA (Masters of Business Administration) is one of the most popular and high-demand courses all over the globe. Canada houses the top global-ranking universities that offer comprehensive MBA courses.
With an average GMAT score of 550-720, students can pursue MBA courses in Canada and get an option to choose among the top 40 universities of the country. Read on to learn all you need to know about the MBA courses offered in Canada.
Why Choose Canada for Your MBA Program?
Canada is the hub for business studies for multiple reasons. The degrees offered in Canada are recognised by top universities and companies internationally. However, the benefits do not end at that.
Following are the reasons why you must choose Canada for your MBA Degree:
Canada is home to the top-rating universities that offer comprehensive MBA programs.
Students from across the world can gain multicultural exposure in Canada.
Students get multiple opportunities like working on or off campus while pursuing their degrees and the diverse job market in the fields of finance, technology, and healthcare.
When compared to the other top countries that offer MBA courses, Canada is way more affordable and thus, it is economical for students from different backgrounds.
Overview of MBA Programs in Canada
To meet the demand and interests of the students pursuing MBA courses in Canada, international universities in Canada offer different types of MBA programs, like:
Full-time MBA
In full-time MBA, students are exposed to an integrated curriculum curated by top professional faculties that intends on offering world-class education to the students. The course is 1-2 years long and the students have to study full-time. This type of MBA leaves no room for the students to do any part-time work or job while pursuing their degree.
Part-time MBA
The duration of a part-time MBA is comparatively longer and is a suitable option for working professionals as it offers the time to work part-time while pursuing your MBA degree in Canada. The duration of this program can range from 3-5 years which may vary according to the university.
Executive MBA
With a duration of 13 months, executive MBA is for students who wish to gain practical knowledge of the course while studying it. It offers practical corporate experience thus ensuring both personal and professional grooming of the students.
There are different specialisations that are offered under the MBA programs in Canada, like:
- MBA in General Management
- MBA in Entrepreneurship
- MBA in Finance
- MBA in Economics
- MBA in Business (Others)
- MBA in International Business
- MBA in Supply Chain
Eligibility and Admission Requirements for International Students
The following are the eligibility requirements to get admission in a good MBA program in Canada:
- Students must hold a bachelor’s degree in any discipline.
- A minimum score of 74% in the bachelor’s or equivalent CGPA (3.0 out of 4.0) is required.
- GMAT score of 550+ and equivalent GRE scores.
- English proficiency tests like 7.0 in IELTS or 100 in TOEFL iBT are required.
- 2 to 3 years of work experience is mandatory for enrollment in Canadian universities.
- Statement of Purpose (SOP) /Personal Essay of 500-1000 words.
- Around 3+ Letters of Recommendation, both academic and professional LORs.
- Canada Student Visa details.
- A well sought CV or Resume.
- Personal interview with personnel from the admission team is held.
How to Choose the Right Business School in Canada for an MBA Degree?
When moving to study abroad for higher education, it is necessary that you analyse every aspect of the country and the program you have chosen.
Following is the list of things that must be considered to choose the right business school in Canada for MBA course:
Financial aspects
You must inquire about the cost of living in the area around your preferred business school to estimate the finances before moving abroad. Choose the university that meets your placement expectations and your financial budget.
Length of the program
You must look into the duration of your program, to know if the program is full-time or part-time. This will help you plan your stay and other activities in the country accordingly.
Location
Always know about the surroundings of your college, and the location in which you are going to stay. This will help you assess the safety of the location and plan the transport accordingly.
Faculty
You must look through the list of faculty for your program on the official website of the university to ensure that the teachers are well-trained and can deliver quality education, thus helping you achieve your goals.
How Much Does it Cost to Pursue MBA in Canada?
The average cost of an MBA course when pursued in Canada can range from INR 10-40 Lakhs per annum in the first year of study (30,000-40,000 CAD). Some universities in Canada may charge more than INR 40 Lakhs per annum as the tuition fees in the first year of study.
The amount charged in Canada is way more affordable than in countries like the USA, UK, and Australia. To calculate the total expense of studying MBA in Canada you must add on the cost of living in the country, in which the accommodation charges can vary from 600-700 CAD per month, living cost can range from 10,000 CAD -12,000 CAD per annum.
Note that health insurance that goes up to 500 CAD is extremely important.
Other charges that may be applicable, if you are planning to study MBA in Canada are standardised tests, application fees, Canada Visa fees, GIC (Guaranteed Investment Certificate), and one-way airfare to Canada.
Top Canadian Universities for MBA Programs
There are more than 40 universities in Canada that offer great MBA programs to international students.
However, based on the global ranking, let us look at some of the top Canadian universities for MBA courses:
|
University Name |
QS MBA Ranking 2024: Canada |
Intakes |
Fees in INR |
Location |
|
The University of Toronto |
1 |
266 |
39.42 Lakhs |
Rotman School of Management |
|
McGill University |
2 |
65-85 |
46.8 Lakhs |
McGill Desautels Faculty of Management |
|
Western University |
3 |
600-700 |
78.65 Lakhs |
Ivey Business School |
|
The University of British Columbia |
4 |
100-200 |
49.1 Lakhs |
UBC Sauder School of Business |
|
Queen’s University |
5 |
80-90 |
66.68 Lakhs |
Smith School of Business |
|
York University |
6 |
270 |
75 Lakhs |
Schulich School of Business |
|
University of Alberta |
7 |
500 |
42.43 Lakhs |
Alberta School of Business |
|
Concordia University |
8 |
300-400 |
31.29 Lakhs |
John Molson School of Business |
MBA Scholarships in Canada for Indian Students
International students who find the tuition fees of MBA courses in Canadian Universities hefty and unaffordable, can avail some of the below mentioned popular scholarships:
Scholarships | Description | Eligibility | Awards |
Ontario Trillium Scholarship | Merit-based scholarship | 8.0 on 10.0 scale (80%) in full-time master’s degree. Proof of English proficiency. Intend to enrol in a doctoral-level, full-time degree-granting graduate program. Must not Hold other Canadian Scholarships. | 40,000 CAD |
Broker Fish International Student Scholarship | Merit-based scholarship | In the process of obtaining a degree, diploma, or equivalent program from a recognized university. Employees of educational organisations and their related members are not eligible. | 1,000 CAD along with a comprehensive health insurance plan |
Ontario Graduate Scholarship | Merit-based scholarship | Foreign student in an Ontario university with a legal permit to study. A– Average (Ontario equivalent of 80%) in 2 years of full-time study before being awarded. Proof of English proficiency. Registered full-time in a graduate degree program. | 5,000 CAD for a session |
Rotary Foundation Scholarships - Global Grants | Need and merit-based scholarship | Graduate students studying abroad in the humanitarian cause of Rotary, like promoting peace, fighting disease, supporting education, protecting the environment, saving mothers and children, etc. | Range from 41,360 to 551,570 CAD |
Career Prospects and Salary after MBA in Canada
After completing your MBA from Canada, you can get plenty of attractive job opportunities that pay off well.
Some of the job profiles with their respective salaries are as follows:
|
Job Roles |
Salary (in CAD) |
|
Project Manager |
85,970 |
|
Management Consultant |
87,179 |
|
Marketing Manager |
74,202 |
|
Human Resources Manager |
75,478 |
|
Senior Business Analyst |
86,106 |
Work Permit after MBA in Canada
Students pursuing their MBA in Canada can apply for a Post-Graduation Work Permit (PGWP) given that their program is at least 8 months long. If the duration of your MBA program ranges from 8 months to 2 years, then a PGWP of the length of your program will be granted to you, whereas to get a PGWP for 3 years, ensure that your program is 2 years or longer.
Students pursuing a certificate or diploma course will not be eligible for PGWP. The work experience that is gained while working in Canada can be of help in gaining permanent residence in the country.
Takeaway
To conclude, you can pursue your MBA from Canada to get affordable course ranges while being in top business schools. MBA is the most preferred post-graduation course these days, and Canada, the home of business administration studies is the most favourable location to pursue your MBA.
The Government of Canada offers generous scholarships to deserving candidates and supports the startups as well as enterprises by international students, thus opening up brighter future prospects for them.
Contact AECC today to ensure your bright future with an MBA in Canada!
