Masters in Business Analytics in Canada
It is no surprise to anyone that the current business scenario is heavily dependent on the huge amounts of data generated daily, which then needs to be properly collected, analysed and inferred by professionals. In other words, these professionals are experts in Big Data, Business Analytics, and Data Science fields, which are trending nowadays. Therefore, students opting for Masters in Business Analytics, one of the 1 year management course in Canada, and Big Data prove to be an asset for the job market. That is to say, the large amounts of data collected by an organisation get transformed into meaningful data to benefit the organisation.
Furthermore, there are many countries like the USA, Canada, Australia, Europe, etc., that are actively offering great Masters courses in Business Analytics and Big Data. Also, the country that has come into the limelight because of the quality of its courses and employment prospects after graduation in Canada.
In short, Canada is a country offering many advantages that appeal to international students looking for employment prospects after graduation and students who aim to make the correct choice of study.
Most importantly, the programs that its B schools offer are helping graduates prepare to thrive in the world’s most desired and in-demand field – Business Analytics.
Then again, before we go into detail about the Universities and B Schools offering top-notch programs for Ms in business analytics in Canada, let’s first understand the trending buzzword Big Data stands for and how big data is different from business analytics.
What is BIG DATA?
Big data refers to huge volumes of data that can be both structured and unstructured that a business/organisation deals with regularly. Moreover, Big data greatly helps a company make cost reductions, develop new products, time-saving, etc. In short, the process of using that collected Big Data for the organisations best is known as Business Analytics.
Difference between Big Data & Business Analytics:
Business Analytics and Big Data should not be considered similar to Business analytics. That is to say, and it focuses on a core metric: the financial and operational analytics of the business.
Nevertheless, when we talk about ‘Big data, ’ analytics greatly benefits us to analyse a wider range of data coming into the business from all sources combined, and that helps the organisation make better and productive decisions.
Apart from that, big heavy data includes automation. But, above all, business analytics depend on a particular human being or data analyst looking at that data and thus gathering important and meaningful information and thus drawing inferences from that.
Hence, we can clearly say that in Big Data, the machine greatly takes over analytics.
Top Tools/Skills used in Business Analytics:
The Growth After Ms in Business Analytics in Canada – The Career Option:
Business Analytics has reached new heights in the past years because of the amazing explosion of the data, which is now being made available to companies/organisations. To sum up, the above-mentioned analytics tools help the companies get the required skills to use that data for their benefit.
Most significantly, it has become the job and duty of business analysts to aggregate the available data effectively. Likewise, to efficiently and mindfully decide how their organisation can make profitable use of that data.
To match this rise in demand of business analysts and lessen the gap between demand and supply, universities and colleges all over the world are providing Masters in Business Analytics. This proves to be the best career option for fresh graduates who possess a background in the field of science, business, math or engineering.
In addition to the United States, European countries, Australia, Canada has now gained momentum in providing students with superb courses in Business Analytics with great career opportunities.
Ms in Business Analytics in Canada without GMAT:
The GMAT score is one of the most widely accepted and mandatory components of the application process for most of the master’s programs. Similarly, following this same route, the GMAT is a compulsory criterion that needs to be fulfilled for admission into an MS Business Analytics program in Canada. Most of the top B-schools in Canada require the applicant to submit their GMAT scores. However, in certain special cases, an applicant may receive a waiver on his GMAT. In other words, most of these privileged applicants possess exemplary academic records, which is more than enough to showcase their academic prowess. Having said that, in the case of international students, it is recommended to contact the specific university or B-school to get a more clear idea regarding the details on the GMAT waiver and their eligibility.
Job Opportunities & Career Prospects after pursuing Ms in Business Analytics in Canada:
Canada is a more immigrant-friendly country in the world. For instance, when you finish your program in Business Analytics from a Canadian University and while doing the course, you have work rights if you are an international student.
With the help of your study permit, you can avail yourself of part-time jobs. In addition, after finishing your course, you can get a temporary work visa that directly impacts your duration of work permit in Canada.
So if you have studied for two years, your work permit also will be of 2 years. Nevertheless, if you still want to work in Canada, you can renew your visa after it expires.
In addition, you can opt for a PR or Permanent Resident status after fulfilling the stay in Canada minimum requirements.
An average salary offered to professionals who pass out of esteemed colleges like HEC, Saint Mary’s University, and UBC is between the range of $30,000 to 65,000. That said, when talking about placement after Masters in Business Analytics in Canada, get the following prestigious placements:
Students graduating from UBC were placed at big names like Amazon, HSBC Bank Canada, PwC, and Hoot Suite.
Companies like Accenture, General Mills, Coca-Cola, Oliver Wyman picked students from Queen’s University at Kingston for placements.
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MS in Business Analytics in Canada | Top Universities | Career Opportunities
Ms in Business Analytics in Canada top Universities to Target:
Canada has emerged as one of the strongest economies in the world. Moreover, people residing in Canada enjoy high standards of living and also an internationally renowned education system.
Consequently, students who aim to study in Canada get the options to choose from Universities like British Columbia, York University, UBC, HEC, Saint Mary University, and so many top names in educational institutions worldwide. That said, to make a successful career in BA, students can have study options in the following Best college for Ms in Business analytics in Canada:
1. Masters of Business Analytics – UBC
This 12-month program of UBC, Vancouver provides students with a quantitative background of analytical skills, which can furthermore be applied to meet the challenges of the current business world. In addition, the students under the expertise of programs that are created to master in Business Analytics will definitely move a step closer to a successful BA career.
2. M.Sc. in Computing & Data Analytics
Saint Mary’s University: Saint Mary’s University’s M.Sc. program is a graduate-level, 16-month program that is crafted to meet data and analytics challenges.
That is to say; the program develops talented computing and data analysts who contribute to the organisation’s success.
3. Masters in Business Analytics – York University
The Schulich School of Business offers a 12-month full-time course of Masters in Business Analytics that is designed to give the students the tools and skills to become BA experts. Moreover, the students get the prestigious SAS Certification when they finish the program.
4. M.Sc. in Business Analytics – HEC Montreal
The HEC Montreal’s MSc. in Business Analytics course is a 16-24 month course that gives its students the much-required skills and knowledge of data and analytics.
Moreover, it is the oldest business school in Canada, with international students opting to study in this prestigious institution.
5. Big Data Management & Analytics – University of Ottawa
The Telfer School of Management, Ottawa, provides courses in Business Analytics that offer its students the knowledge and skills required to drive performance and change in companies.
Above all, it thus helps organisations to improve their productivity.
6. Masters in Business Analytics – Queens University
The Queens University Masters in Business Analytics program includes all the courses that can be applied to certification requirements.
Subsequently, you can also get the best in class degree in just 12 months. This program allows you to work but is a full-time program.
The program helps you prepare for the SAS Certification and a leader in the BA software.
Other Universities that offer programs in Ms in Business Analytics in Canada
|Augustana University College||Liberal Arts based Data Analytics Program|
|University of Alberta||MS in Computing Science with Data Analytics and MS in Computing Science with Machine Learning|
|University of New Brunswick||Computer Science with research in Data Management, Analytics, and Mining|
|University of Calgary||Information Security and Data Management|
|University College of the Fraser Valley||Data Analysis Post Degree Certificate|
|University of Victoria||Research in Data Science and Cyber-Physical Systems|
|Acadia University||M.Sc Computer Science with the research interest in Data Science|
|Dalhousie University||Institute of Big Data Analytics|
|Lakehead University||Introduction to Data Science|
Masters in Business Analytics in Canada Fees and Cost of Living:
The cost of living for international students in Canada is much lower than living in cities like New York and London.
Subsequently, in the first year of your business school, it is widespread for students to choose campus accommodation. This is because they share the dormitory with one more roommate.
The on-campus accommodation costs somewhere between CAD$ 3000-7500. After which a three-bedroom apartment on rent will cost you the following in different cities:
University of British Columbia:
Tuition Fee for MS in Data Science – $31,000
Saint Mary’s University:
Tuition Fee for M.Sc. in Computing & Data Analytics – $14,000
MS in Business Analytics – $19,000
Ms in Business Analytics in Canada with Scholarships:
Many scholarships are offered to international applicants who are eager to enrol in an MBAN or MBA with Business Analytics specialisations programs in Canada. However, the amount of scholarship awards varies from University to University. Thus, below mentioned are some of the most popular scholarships available for students who want to pursue this program in Canada:
- Various Entrance Scholarships are available at Scotiabank Fellowship-McGill University.
- Entrance Scholarship-HEC Montreal
- Merit-based Awards-Western Ivey Business School
- Asia Top Talent Scholarship International Talent Scholarship-University of British Columbia
- Provost Entrance Scholarship The Woo Family International Entrance Scholarship-McMaster University
Which are the top-ranking Business schools in Canada to pursue Masters in Business Analytics?
Some of the top-ranking schools for Masters in business analytics are, for example, McGill University, Rotman, UBC Sauder, HEC Montreal.
What are the admission requirements for an MS in business analytics from Canada?
The main basic requirements that you need to fulfil during your application for MS in business analytics program in Canada are:
submission of GMAT/GRE score, submission of standardised English language tests such as IELTS/TOEFL scores and four-year undergraduate degree certificate with B-grade.
What is the cost of studying MS in business analytics from a top University in Canada for an Indian student?
The total cost that an Indian student will have to incur to pursue his/her masters in business analytics from Canada falls between 9,00,000 to 10,00,000 INR.
What are the job prospects after completing the MS in business analytics degree in Canada?
There are many career opportunities for young MSBA graduates since Business analytics is a fast-growing field. One can find themselves working in the role of a financial analyst, business analyst, management analyst, research analyst and many more.
What is the average age for getting admitted into the MS in business analytics program in Canada?
The average age of applicants who get shortlisted for admission in some of the top Universities in Canada for MS in business analytics is 25.
In conclusion, data has now become a virtual quantity that is omnipresent. Similarly, the demand for business analysts and Canada to welcome international students and its own residents to join its MS programs has also increased. In other words, it has become an attractive choice of students offered lucrative career options too after doing the program.
Above all, the Universities are offering professional programs created and developed by the experts of data science and analytics. That is to say; they are providing students with the knowledge and skills needed to fast track to a positive great, and successful career in Business Analytics.
So in case you are planning to apply to any Canadian University, this article would be able to provide you with the much-needed information.