Canada is a top destination for higher education. Canada is a developed country, so that students can pursue an MBA there. Canada boasts a multi-cultural environment, easy immigration routes, high-earning jobs, and an easy path to citizenship and permanent residency (PR).
What is MBA?
MBA (or Master of Business Administration) is a course that will require significant future investment. It will prepare you to do more than manage spreadsheets or lead a team. This program can open doors to new opportunities. Canadian MBA programs aim to help you deal with real-world business problems. Getting an MBA can change your life.
Why pursue MBA in Canada
Canada offers more reasons to get your MBA. Beow are the reasons why you should get your mba in Canada
- Globally ranked institutions:According to QS MBA Rankings (2020), nine Canadian universities have been ranked among the top 150 universities worldwide for MBA*
- Promising Course Option: Canadian Business Degrees are ranked among the top 10 subjects that have the highest graduate salaries
- Canada’s financial services sector is thriving: Canada has a solid financial services sector. It has grown by 11.6% over the past decade (2007-2017), which indicates that MBA graduates have more excellent employment opportunities in this sector in Canada.
- Opportunities for post-study work: The Canadian government encourages various SMEs to build their businesses, so there are more work opportunities for MBA students
- It’s easy to settle in Canada: Canada has friendly work policies and is highly recommended by international students looking to settle in Canada with a work permit.
Types of MBA in Canada
In the last few years, Canada has seen an increase in MBA applicants. Part-time and many Canadian universities offer full-time MBA programs. Canadian universities offer Executive MBA programs for international students and part-time and full-time MBA programs.
List of MBA programs available in Canada.
Full-Time MBA Program
The MBA is a highly regarded degree in Canada and internationally. Canadian universities offer full-time MBA programs. These programs will prepare you for management positions.
Full-time MBA graduates in Canada receive a general management degree. This gives them insight into the workings of businesses and helps them adapt to changing challenges. Full-time MBA programs include finance, strategy, marketing, human resources, and operations management courses. The full-time MBA program in Canada is internationally recognized.
The program offers students the opportunity to have an unforgettable campus experience. When you enroll in a full-time MBA program, you can participate in classes and join clubs.
A full-time MBA program in Canada typically lasts 1 to 2 years. Many full-time MBA programs offer summer internships to allow students to gain real-life experience while exploring different career options.
Part-Time MBA Program
Many MBA programs in Canada offer only one or two classes per weekend. Part-time MBAs can be used to work full-time.
Part-time MBA programs in Canada take three to five years. The difference in fees between the part-time and full-time MBA programs is minimal, as it covers the same content but over a longer time.
This program will give students a broad understanding of the critical areas of business and how they interconnect to help them develop business skills.
Executive MBA (EMBA)
Executive MBA is a business-oriented graduate degree designed for professionals working at the highest organizational leadership levels. The EMBA’s emphasis on peer learning and collaboration is one of its most distinctive features. It allows professionals to exchange their experiences with their peers, increase their knowledge, and expand their horizons.
You can apply for the EMBA program in Canada if you have 5 to 7 years of experience in the relevant field. You do not need to have a GMAT score to study an EMBA program in Canada. While looking for an EMBA in Canada, you can also work.
An EMBA program in Canada lasts for one year and can cost anywhere from C$ 29,000 – to CAD 145,000, depending on which university you choose. It’s like an investment that will return a lot, so don’t be afraid! A holder of an EMBA degree can get a job in Canada, earning up to C$ 270,000 annually.
A Canadian master’s degree (MBA) can be earned in just 12 months. You can pursue an executive MBA if you’re a working professional and continue to work while you study.
Dual Degree MBA
An excellent way to obtain an MBA in Canada is to enroll in a dual-degree MBA program. Many Canadian MBA colleges offer Dual Degree MBA programs specifically designed for students looking to earn an MBA and a second degree.
A Dual Degree MBA program allows students to obtain an MBA and a graduate degree (in engineering, medicine, or science) in one program.
Most Popular Specializations for MBA in Canada
To see which specialized MBA programs are most popular in Canada, check out these top 5. Goreto has compiled the top five most specialized MBA programs in Canada for those looking to apply.
General Management
For students looking to improve their career prospects, the General Management MBA program was created. This curriculum covers a broad range of management skills and perspectives. Top Canadian business schools offer it.
General Management is Canada’s most sought-after specialized MBA program. It is for students who are looking to improve their management skills. General Management programs include human resources, marketing systems, UX, and UX.
The program will give you the knowledge, skills, and attitude to be a leader and manager. This program will help you understand how organizations work and how to look at them from different perspectives. The program emphasizes ethical Leadership, global awareness, and social responsibility.
Hospitality Management
Do you have an interest in the tourism industry? A Canadian MBA in Hospitality Management will help you develop business strategies for the tourism industry. Canada also offers a Hospitality Management MBA program.
This program will teach you how to run resorts, hotels, and restaurants that cater to tourists. This program will also teach you how to provide better customer service and meet your clients’ needs.
The fastest-growing industry worldwide is tourism. Businesses must be innovative to keep up with the increasing customer demand and competition. You can earn a full-time MBA in Hospitality Management from Canadian universities. This will give you the skills necessary to succeed in this industry.
International Management
The specialized MBA program will help you achieve your dream of working abroad for multi-national corporations. International management programs allow you to acquire critical finance, operations, strategy, and other business skills to work with global businesses globally.
Professionals with an undergraduate degree are welcome to enroll in this specialized MBA program. This course teaches you the fundamental skills required to manage an international business. It also teaches how to create a strategic plan that is global in outlook. It is intended for those who wish to improve their careers and achieve their goals.
Learn how to manage international operations and make your organization more competitive globally. The MBA program focuses on the impact of different cultures on international business and helps students develop leadership skills.
Marketing
A marketing MBA will prepare you to promote products and services and execute marketing campaigns. You will improve your communication skills and your marketing skills.
A marketing MBA program is one way to get a job within the business sector. This program will teach you about marketing, promotion, advertising, and other related topics. You will also learn about marketing strategies and best practices and how to manage marketing departments. You can specialize in areas like advertising, sales, or public relations.
An MBA in Marketing will help you to communicate with customers and clients. This course is a great way to improve your communication skills and learn new marketing products and services techniques.
An MBA in Marketing can benefit people who wish to have a successful management career. The program teaches students how to manage marketing departments and provides them with excellent marketing knowledge.
Finance Leadership
The MBA in Finance Leaders is a 15-month program that aims to help students become innovators and leaders in today’s volatile global economy.
A specialized MBA in Finance Leadership is a good option for those who want to focus on finance. A Finance Leadership MBA program will teach you accounting, statistics, analysis, and many other subjects.
If you choose to study for an MBA in Finance Leadership, you can also benefit from the Canadian experience. A Finance Leadership MBA program will allow you to research analytics, statistics, and other subjects. A specialized MBA in Finance Leadership may be the right choice if you prefer to focus on finance.
This MBA specialization is ideal for people looking to improve their leadership skills and knowledge of capital markets and global finance. This will help you become a leader in any industry connected to international markets.
This program will teach you about financial operations, risk analysis, and investment management. You also learn strategic planning. Employers will be looking for these skills once they enter the workforce.
What is the cost of an MBA in Canada?
Canada is a central hub for education. The students receive a world-class education. The cost of MBAs in Canada is very affordable at Canadian universities.
Canada’s tuition fees and living expenses are very affordable. Canada’s transportation and accommodation costs are much lower than those in the United Kingdom and the United States.
Tuition Fees
Here is some excellent news for those who want to study in Canada but are concerned about the tuition fees. An MBA tuition fee in Canada is between $30,000 to $40,000. This is significantly less than what you will pay in the US, UK, and Australia.
Keep in mind that tuition fees in Canada vary from one city to the next and from university to university. The universities of Newfoundland, for example, have the lowest tuition fees. However, Ontario universities have the highest tuition fees.
International students can apply for scholarships to study at Canadian universities. For example, global Scholarships at McGill University provide financial assistance to international students in their first year of McGill University’s MBA program.
Costs for an MBA in Canada vary based on location, program duration, and institution type.
The tuition fees for an MBA program in Canada vary depending on the degree program. The most expensive MBA programs in Canada are Master’s degrees in Business, Computer Science, and Engineering. These MBA programs can cost as high as 60,000 dollars.
Goreto Educational Consultancy can help you choose the right university in your state. Our team can help you locate the best universities and colleges in Canada for your overseas study.
Accommodation Costs
Finding a place you can stay in a foreign country is your first concern.
International students are more likely to choose university residences managed by their universities. Students share these residences, and each student has their room. University residences offer a shared kitchen, bathroom, and living area.
Canada offers many accommodation options to international students from diverse backgrounds and cultures. Many accommodation options are available at Canadian universities, including student residences, homestays with local families, and renting an apartment or a bedroom.
Students studying abroad can enjoy the following accommodation in Canada:
- Student residences: C$ 250 – C$ 625 per month
- University-arranged Homestays: C$ 400-C$ 800 per month
- Rent and share an apartment in
- One-room apartment: C$1,000 per month
Canada’s room rent can be affected by the location and availability of essential utilities. Extra charges will be charged for electricity, water, and heat utilities. This will result in a monthly cost of approximately 150 dollars. You will also need to pay between 50 and 70 dollars for internet access in Canada.
Food Costs
Canada is a developed country, so the cost of living is high. Students can manage their expenses well if they stay in self-catering accommodations and shop at local supermarkets.
Canada’s low grocery bills make it easy for students to live in Canada. Canada’s grocery costs are very affordable, so you don’t need to spend much on food. When you shop at local grocery stores in Canada, your monthly grocery bill will be around C$ 300.
Canada is also very affordable for snacks and meals. For as little as C$ 50, a three-course dinner for two at a mid-range restaurant costs between C$ 55 and C$ 65.
However, if you want to enjoy fine dining now and again, you’ll need to spend C$110 on a three-course meal for two at a mid-range restaurant.
Students can save even more on food by taking advantage of free food at colleges and getting special discounts from restaurants, cafes, and bars.
Transportation Costs
Canada’s transportation costs are very affordable for students. A monthly transportation pass is available to anyone aged between 18-25. Monthly transportation passes cost C$ 90. One-way tickets cost C$ 3.
Eligibility criteria for pursuing MBA in Canada
Each institution will have its entry criteria for MBA programs. Here are the most critical requirements:
- A bachelor’s degree in any discipline from an accredited institution. Most institutions require a 4-year bachelor’s degree. However, some institutions may accept 3-year degrees.
- Relevant work experience in a related field. Institutions prefer students with at least 12 months of experience in a related field.
- English language proficiency scores (such as IELTS)
- While it is not required, a high GMAT score could land you in top Canadian institutions.
Top 10 MBA Colleges In Canada
The demand for MBA programs is growing, and so is the supply. Admission requirements vary from one university to the next.
You don’t have to have a GMAT score to be admitted to the university. Some institutions will accept GRE scores. You will also notice that many colleges have a lower GMAT score (around 500) for their admission process.
If you want to be ahead of the rest, you should take the GMAT or GRE to score high enough to be eligible to apply to universities requiring higher marks.
The university’s official website can be used to apply directly. If you have any questions about how to apply or need help with the admissions process, you can contact Goreto Educational Consultancy by clicking here.
Goreto Educational Consultancy lists the top 10 MBA schools in Canada in the table below. They are listed alphabetically by tuition fees, GMAT scores, and location.
| SN. | Top MBA Colleges in Canada | Tuition Fees | GMAT Score | Location | Type of MBA Program |
|---|---|---|---|---|---|
| 1. | University of Toronto – Rotman School of Management | C$ 1,27,930 | 670 | Toronto | Full time Part-time Executiv Dual Degree |
| 2. | McGill University – Desautels Faculty of Management | C$ 99,500 | 670 | Montreal | Full time Part-time Executive Dual Degree |
| 3. | York University – Schulich School of Business | C$ 106,900 | 660 | Toronto | Full time Part-time Executive Dual Degree |
| 4. | Western University – Ivey Business School | C$ 83,250 | 660 | London, Ontario | Full time Executive Dual Degree |
| 5. | HEC Montréal | C$ 54,000 | 630+ | Montreal | Full time Part-time Executive Dual Degree |
| 6. | Queen’s Smith School of Business | C$ 99,500 | 650 | Kingston | Full time Part-time Executive Dual Degree |
| 7. | Alberta School of Business | C$ 60,000 | 605 | Edmonton | Full time Part-time Executive Dual Degree |
| 8. | UBC Sauder School of Business | C$ 85,761 | 650 | Vancouver | Full time Part-time Dual Degree |
| 9. | Concordia University – John Molson School of Business | C$ 41,500 | 580+ | Montreal | Full time Part-time Executive |
| 10. | Sobey School of Business | C$ 43,000 | 590+ | Halifax | Full time Part-time Executive Dual Degree |
Requirements For MBA In Canada For International Students
Students from Nepal can apply for various grants and scholarships to help pay for their education at Canadian universities.
You must understand how scholarships work and adhere to deadlines set by the institution/organization.
Each scholarship has its application requirements. Some scholarships require applicants to submit a personal essay and provide references from former teachers or employers. Other scholarships might be offered based on academic achievement, extracurricular achievements, or creative skills.
Students from Nepal are encouraged to apply for scholarships from foreign governments. These scholarships can be used through the Education Abroad Section of the Ministry of Education, Science and Technology.
To apply to Canadian universities for the MBA program, students must meet specific criteria. Below are the essential requirements that a Nepalese student must fulfill before applying for a study permit.
- Record of bachelor’s degree awarded by a college
- GMAT score
- You must have relevant work experience
- English language proficiency scores (IELTS/TOEFL)
- Statement Of Purpose
- Two Recommendation Letters
- Bank statements can provide financial proof.
Even for the most experienced students, pursuing an MBA in Canada can be difficult. It can be complicated and time-consuming to apply for an MBA program in Canada. To avoid making mistakes in the application process, we recommend consulting a professional consultant experienced in studying abroad.
Some Canadian universities don’t require any previous work experience. These universities include the New York Institute of Technology (NYIT), Thompson Rivers University (Cape Brenton University), University of Windsor (University of Windsor), and Brock University.
After reviewing your application, you’ll be selected for an interview. If you pass the interview, your application will be considered for a Canada study permit.
Applying for an MBA can take a long time. It is advisable to start the process at least two years before your planned start date in Canada.
Career prospects
Canada offers many opportunities for MBA students to pursue promising career paths due to its high-quality education.
- Finance and Consulting: The leading recruiters for MBA students are still financial services and consulting firms. Many international students choose to study Finance in Canada because of this.
- The largest hiring sector for business school graduates is small and medium-sized businesses (SMEs). Graduates who have completed any management training and are open to learning more and exploring exposure opportunities are preferable to others.
- Technology The technology sector is at an all-time high, and technology-based companies offer the most attractive career options for MBA graduates.
MBA graduates who have completed a two-year master’s program at a Canadian university can be granted a three-year work permit to work in Canada. They are eligible to earn an average salary of $88,000 to $98,000 annually.
Half a million international students study at Canadian universities and colleges each year due to the visa flexibility and internship opportunities offered by reputed management companies. If you are interested in pursuing an MBA, please get in touch with our international education specialists, who will be happy to help you.
