MBA in Canada: Eligibility, Top Universities, JobsAugust 11, 2022 2022-08-12 5:49
MBA in Canada: Eligibility, Top Universities, Jobs
MBA in Canada: Eligibility, Top Universities, Jobs
The Master of Business Administration (MBA) is an internationally recognized graduate-level degree that develops the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world. An MBA can also be useful for those pursuing a managerial career in the public, government, and nonprofit sectors.
MBA programs generally offer a range of concentrations or specializations that allows students to acquire expertise in a specific aspect of business, such as finance or technology.
Experts say that MBA hopefuls should decide which topic to specialize in based on what skills would help them improve their work performance and which specialties are most likely to increase their job opportunities.
An MBA degree is a program usually taken by candidates with at least a few years of professional experience looking to accelerate their careers or switch roles in a new function, industry, or geography (or all three). Completing an MBA can lead to a significant salary boost and a massively expanded network of professional contacts.
Why pursue an MBA in Canada
Canada is one such popular study destination that students across the globe prefer. Studying next door to the US in Canada is an excellent idea for aspiring MBA students. The Canadian government is increasingly making efforts to attract more students.
Five key reasons that make MBA in Canada a perfect destination to pursue an MBA degree:
1) Affordable Fees
Studying management courses in Canada is more affordable than in the USA, Australia, or the UK. The college fees, as well as the cost of living, are comparatively lower in Canada.
2) Quality Education
Quality education and excellent career opportunities are the primary reasons for pursuing higher education from the world’s best universities. Canadian MBA colleges and universities are some of the most preferred options due to the quality learning experience offered to students through an updated curriculum.
3) Full Value for your Money
Paying for your education is an investment for the future. When studying abroad, tuition fees become a huge financial undertaking for many students. Studying in Canada is a promise to receive the total return on your investment.
4) Global Ranking
Many prominent business institutions in Canada are featured in well-recognized global rankings such as Academic Rankings of World Universities, QS Research, and Times Higher Education.
5) Experience Multiculturalism
Another reason to study in Canada is the opportunity to experience living in a multicultural country. Moreover, it is a country with political stability, a peaceful environment, and a low crime rate.
Types of MBA in Canada
Master of Business Administration is now available through a wide range of specializations. Courses can be selected according to some crucial factors, including the area of interest and duration of the course. Generally, types of MBA in Canada can be widely classified based on the course length.
Listed below are a few types of MBA offered by Canadian Universities.
- Full-time MBA in Canada
If you want to enter the job market as a leader, a full-time MBA in Canada will be suitable for you. Get a fantastic opportunity to understand the diversity of the Canadian workforce. The course duration is two years and allows students to pursue it full-time. To get admission, international students are expected to have decent scores on GMAT and language proficiency tests.
- Part-time MBA in Canada
Super opportunity for aspirants who want to complete their management degree while working. The course duration of this degree may range from three to six years, based on the university you select.
- Executive MBA in Canada
This program is optimized for executives and aspirants who want (senior)managerial-level experience. You will need to pursue it for 20 to 28 months.
The eligibility criteria may differ for every university. However, the basic eligibility requirements for enrolling for an MBA in Canada are as follows:
- A bachelor’s degree – To enroll in an MBA in Canada, you must have a bachelor’s degree in business (BBA) or a bachelor’s degree in any other field from a certified university or college.
- A valid GMAT score – You must also have a valid GMAT score. The GMAT score can vary from university to university.
- Work experience – To enroll in MBA in Canada, you also need 2 to 3 years of work experience.
- SOP, LORs, etc. – If you wish to enroll in an MBA in Canada, you also need some formatted credentials, including a Statement of Purpose (SOP), Letter of Recommendations (LORs), transcripts, updated C.V. or resume, academic transcripts, and depending on your university.
- IELTS, TOEFL, or PTE – International students also need to prove their proficiency in English – reading, writing, speaking, and listening language skills, for which they need to give a specific exam and achieve a high score. Some of the well-known ones include IELTS, TOEFL iBT, and PTE.
Canada is among the top 5 preferred places for international students to pursue Management programs. This is mainly due to the excellent history of academic programs from the Leading Universities in Canada. MBA universities in Canada garnered the world’s attention for preparing aspirants to meet the demands of the world’s market. Pursuing Management programs in Canada is less expensive than in other popular destinations.
In this list below, we sorted out the Top Universities for you that minimize your time and effort in picking the right one.
|Name of the University
|Rotman School of Management
|Ranked #1 business school in Canada according to the QS Global MBA Rankings, 2020
|Brand Management, Business Design, Financial Reporting and Analysis, Innovation and Entrepreneurship, Investment Banking, Leadership and Change Management, Process and Supply Chain Management, etc.
|Approximately USD 36,202 per year.
|ranked #51 in Best Global Universities
|Finance, Marketing, Global Strategy and Leadership, Business Analytics, Entrepreneurship, etc.
|Approximately USD 76,592 for two years.
|Robert H. Smith School of Business
|Ranked #31 World University Rankings
|Finance, Marketing, Consulting, General Management, Supply Chain Management, Technology, Innovation Management, etc.
|Approximately USD 43,604 per year.
|Ivey Business School
|ranked 88th of the top 100 business schools according to the Financial Times, 2016
|Finance, Entrepreneurship, Marketing, Corporate Strategy & Leadership, International Management etc.
|Approximately USD 95,067 for two years
|Schulich School of Business
|Ranked #17 in the world according to the global MBA ranking by CNNEXPANSION,2021.
|Business & Sustainability, Finance, Accounting, Strategic Management, Health Industry Management, Arts, Media & Entertainment Management, etc.
|Approximately USD 43,198 per year
|Sauder School of Business
|Ranked #111-120 according to QS Global Rankings, 2021.
|Finance, Product & Service Management, Innovation & Entrepreneurship, Technology & Analytics Leadership etc.
|Approximately USD 69,328 for two years.
|Alberta School of Business
|Ranked # 121-130. According to World University Rankings, 2021.
|Finance, Operations & Business Analytics, Strategy & Consulting, Innovation and Entrepreneurship, Public sector & Healthcare, etc.
|Approximately USD 41,571 for two years.
|John Molson School of Business
|Ranked #33 in world according to Global MBA Rankings, 2021
|Marketing, Finance, Economics for Organizational Decision Making, Business Process Management, Strategic Managerial Accounting, Control, etc.
|Approximately USD 30,793 for two years.
|Ranked #30th globally according to Poets and Quants, 2019.
|Consulting, Digital Business, Strategy, International Business, Leadership, Innovation and Entrepreneurship, Finance and Economics, etc.
|Approximately USD 41,571 for two years.
|ranked #317 in Best Global Universities
|Corporate residency, Financial Services, Leadership, etc.
|Approximately USD 63,284 for two years
Jobs After MBA in Canada
With the global-value degree, MBA graduates from Canada are one of the most wanted professionals for different positions. In Canada, opportunities are massive. Medium and large firms offer around 150,000 jobs. Small & medium firms and startups strive to hire MBA graduates for a good salary.
Here are a few job titles that are available for MBA graduates:
|Average Annual Salary
|CAD 85,000 – 150,000
|CAD 70,000 – 80,000
|CAD 90,000 – 100,000
|CAD 85,000 – 90,000
|CAD 130,000 – 150,000
|CAD 60,000 – 70,000
There is no surprise that Canada is the favorite destination for international students. Getting an MBA from Canada boosts your professional expertise, which is accepted globally. Also, the friendly policies and regulations of the Canadian government comfort international students in pursuing management programs.
So, here are our best wishes to all future MBA graduates!