Masters in Management in Canada
Though Europe is considered to be the bedrock of Masters in Management, a lot of schools in the Americas region are turning out to be attractive alternatives. Canada along with the US is leading the pack, and almost all top Canadian schools are offering the Masters in Management in their degree portfolio. Hence a Master of Management in Canada can definitely be considered.
According to a recent report from RBC Economics, the number of international students enrolled in post-secondary education in Canada surged from 180,000 in 2007 to 415,000 in 2016 — that’s a 130 percent increase in nine years. Countries like China, India, and France account for 53.1% of the total international students followed by international students from South Korea, the United States of America, Saudi Arabia, Nigeria, Brazil, Japan, Mexico, Vietnam, Iran, Pakistan and Hong Kong.
With top schools such as Sauder School of Business, Queen's University, and Ivey Business School Master of Management in Canada, one can be assured of the top-notch quality of the degree.
Working after studies
As an international student studying in Canada, you are considered a temporary resident and are supposed to leave once you have completed your studies.
But who wants to do that?
Temporary Work Visa
If you wish to work after your studies in Canada, duration of the course will have a direct impact on the length of your work permit in Canada. As per the eligibility clause, the course duration must be more than eight months.
Taking an example, If you have studied in a Canadian University for nine months, a work permit may be issued for a period of nine months.
And, If you have studied for two years or more than a work permit for three years may be issued.
This Visa option can be renewed once it's expired if you wish to work further at Canada.
If you wish to be a Permanent Resident or work after studies there are several ways you can do so
Canadian Experience Class
This program is for those who already have experience living and working in Canada and who have adapted to the Canadian society to settle in Canada as permanent residents. The program is the best fit for temporary foreign workers in Canada.
You need to have prior work experience in Canada in one of three mentioned categories -
- Managerial position(classified as NOC Skill Type 0) OR
- Technical or skilled trade job (classified as NOC Skill Type B).
In order to be eligible for the program: -
- Need to have one year of full-time work experience with 30 working hours per week. AND
- Need to be approved by the Citizenship and Immigration Canada, such as the IELTS, CELPIP, or TEF.
Quebec Experience Class
International students those who have studied in Quebec and completed a Bachelors, Vocational, Master's level program with intermediate proficiency in French are eligible under this program without any work experience.
Living in the Canada
The Cost of Living in Canada is affordable as compared to many other countries. However, this varies according to the place of study in Canada. Cities like Toronto or Vancouver can be very expensive.
Most universities offer on-campus dwellings for international students, the cost of on-campus housing varies from university to university but it is expensive as compared to living off-campus.
Generally, the cost of living per month for food and other expenses is around CA$600-800 (~US$450-600) and including accommodation, the cost goes up to CA$10,000-15,000 per year (~US$7,550-11,300).
The Tuition fees normally range between $45,000 to $60,000.
This is excluding the cost mentioned above for the cost of living.
Scholarship opportunities in Canada are limited and competitive at the same time.
Sources of scholarship in the Canada are Government bodies, as well as individual Canadian universities.
|Name of the Scholarship||Source of Scholarship|
|Government- Funded||1) Canada Graduate Scholarships – Master’s Program|
2) NSERC Postgraduate scholarships
|University-specific||1) Queen’s University International Scholarships|
2) UBC Graduate Scholarships
3) University of Waterloo International Funding
This section has been a strong area of interest for most of the applicants right from the day they begin preparing themselves for admissions into the Masters of Management from a Canadian school till the day they have completed this program.
The Average Salary offered by Canadian Schools ranges from $ 50,000 to $ 65,000, here are some schools and its average salary for your reference.
The Students at Queen's University at Kingston get an average salary of $ 65,700.
At HEC Montréal students had withdrawn an average salary of $ 58 250.
Wherein at UBC Sauder, the average salary ranges from $ 30,000 to $52,500.
The Students of UBC Sauder were placed at Amazon, HSBC Bank Canada, PwC, and Hootsuite.
Companies like Accenture, General Mills, Coca-Cola, Oliver Wyman, have approached Queen's University at Kingston for placements.
HEC Montréal students have got placed into organizations like BNP Paribas, KPMG, Deloitte, Numéra Analytics, and Xerox.
MSc in Management in Canada
Top Universities for Masters in Management in Canada
Sr. No. School Name Program Name 1 University of Manitoba, Asper Master of Science (MSc) in Management 2 Odette School of Business, University of Windsor Master of Management 3 Queen's University, School of Business Master of International Business 4 Rochester Institute of Technology, Saunders MS in Management 5 University of Lethbridge Master of Science (Management) 6 Royal Roads University Master of Global Management 7 Sauder School of Business, University of British Columbia Master of Management 8 Telfer School of Management, University of Ottawa Master of Science in Management 9 Charles Stuart University MSc in Management 10 IVEY Master in Administration (MSC) – International Business 11 Crandall University Master of Organizational Management 12 Goodman School of Business, Brook University Master of Science in Management 13 Concordia University Master of Science in Management 14 University of Waterloo MSc Management of Technology 15 McGill University Masters of Management in Finance 16 The University of Winnipeg Masters in Management 17 University of Victoria Master of Global Business 18 Ted Rogers School of Management, Ryerson University Master in Science Management 19 Memorial University Master of Science in Management 20 Munster School of Business Administration and Economics MSc in Management
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Masters in Management in Canada:
Some Universities at a glance
1. Sauder School of Business
UBC Sauder’s H. Lee Graduate School ranked 36th in world and 1st in North America, gives its students of Master of Management the business skills which they need to gain a competitive edge in the job market, in 9 months. The curriculum is highly comprehensive, provides both theoretical and applied learning via case studies, teamwork, and presentations. Students gain experience in a broad spectrum of business and management disciplines, including marketing, strategic management, and operations. The 5 month Community Business Project also enables students to apply the acquired business skills for not for profit organizations. Students can further choose to broaden their experience with the optional study abroad program with partner universities. 95% of students who choose this program have achieved full-time employment within three months of graduation and base salary range for the 2015 batch was $30,000 - $52,500.
2. Ivey Business School
The MSc in Management is an action oriented transformational experience for ambitious, recent university graduates who want to sharpen their skill set and accelerate their career. Via this case based program, students learn action - oriented and dynamic approach from over 150 cases a year that reflect the challenges and complexities of real-world business scenarios. A student can choose to specialize among 3 programs - International Business, International Business+ CEMS MIM, and Business Analytics. In International Business, students will gain practical experience to adapt to various cultures and environments of business. Also, an opportunity to join CEMS and a guaranteed 10-week international work term. While in Business Analytics, students are equipped to translate real world data into actionable insights for decision making. In addition, gain an summer work experience at Ivey Analytics Lab, which is exclusively for MSc. Business Analytics, for 8 to 10 months. Likewise, for MSc International Business Students, Ivey Global Lab provides a global immersion and cultural environment of an emerging economy, and get to interact with the local firms.
3. Queen's University, School of Business
The program provides an in-depth examination of issues ranging from the global economy to cross-cultural leadership with Single Degree and Double Degree Options, from one of the ten partners to gain an exciting cross-cultural learning experience that will greatly enhance the impact of the program. Single degree program option provides you with over 40 different destinations to pursue your international exchange. Their unique curriculum is enhanced by workshops and classroom sessions in Communications & Professional Skills. These interactive sessions, with Queens team-based learning model and career development plan, provides MIB students with skills that will enable them to take their career to the next level.
4. Concordia University: John Molson School of Business
The MSc in Management is a research-based Master’s program at Concordia, specially designed for students who want to enhance their research skills in the field of Human Resources and Strategic Management. It’s an excellent program for the students who wish to go further and pursue doctoral studies in Management or industrial and Organizational Psychology. In the program, the students gain knowledge about research by working closely with the faculty members. Application of theory and techniques to modern business issues. The program is not only for researchers but also for those who want to enter the market as a consultant. The research techniques hone their skills and capabilities to come to a real solution and the students are encouraged to select a contemporary issue, apply the technical and analytical skills to propose a relevant solution.
5. McGill University
The 12 month McGill Master of Management in Finance program is a comprehensive program which prepares students through a comprehensive curriculum that integrates advanced financial concepts and quantitative methods with real-world business practices. Upon entry, every student joins Desautels Capital Management Inc as an analyst, and is responsible for one sector, identifies investment opportunities, and pitches them to colleagues. This builds a practical understanding of the subject. Not only these, but they are also responsible for dealing with regulatory issues, compliance trade and execution and so on. In Professional Seminar series, students are exposed to current issues and practices in financial markets. Professionals from various industries provide networking opportunities. The final project helps to develop independent thinking, and come up with creative solutions about a financial topic.
6. HEC Montréal
HEC Montreal’s Master’s Degree has specialization in all fields of management. International Management, International Arts Management (MMIAM) and Global Supply chain. You can become a specialist in global markets and challenges of internationalization and international social development & innovation. Opportunity to study with 16 other nationalities provides a multicultural environment and the 2 – 3-week campus abroad, to understand the challenges of doing business in another country is another intensive course to gain global experience. MMIAM is a one-year intensive course spread across 3 countries (Dallas, Montreal, and Milan) in three different cultures. The team of highly respected management professors owning specialty in their field provides dynamic support to the students of this program. This is specially designed people who are active in performing arts, in the heritage sector, or in cultural industries. The supply chain Management offers integrated operation management & research, international business, marketing and information technologies which help the student specialize in the global fields of product procurement, production, transportation, warehousing, and distribution. Also, the student can become a part of APICS which is the world’s premier professional association for supply chain management. In addition, students gain from various research chairs, centers, and groups.
7. Schulich School of Business
Schulich School of Business’s Master of Management program is designed to equip students with the tools needed for managing and solving problems in the variety of organizations and environment. The curriculum is highly experiential, cumulating with an Enterprise Consulting Project where students collaborate and develop actionable recommendations for a local client organization. The program is of one-year duration with resources to equip students with the knowledge and skills to gain a competitive edge.
In case you wish to have a step-by-step guidance on completing your admission process in a hassle-free manner.
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In case you are still confused whether an MBA or a Masters in Management would be a good fit for you?
Check out the 11 major differences between Masters of Management vs MBA.