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Exploring the Benefits of Pursuing a Masters in Canada

Unlock endless possibilities with a Masters in Canada

Are you considering a Master's in Canada and wondering if it's the right choice for you? You're about to make a decision that could transform your career. This blog, "Masters in Canada," will show you why Canada is an excellent destination for Indian students seeking higher education. We'll explore the top universities for master's programs, discuss the eligibility requirements, and highlight the job opportunities available after graduation. Additionally, we'll provide a detailed breakdown of the cost of living, helping you plan your budget effectively. Get ready to discover how pursuing a Master's in Canada can be a rewarding and life-changing experience!

Advantages of Pursuing Masters in Canada

masters in canada

Canada stands out as a top destination for Indian students pursuing their Master's studies due to its exceptional educational offerings and multicultural environment. This section sheds light on the unique attributes that make Canada an attractive choice for aspirants aiming to further their academic and professional pursuits.

  • Affordable Education: Canada offers a more cost-effective education than the US, with an average cost of CAD 60,000, making it a financially accessible option for international students.
  • Simplified Visa Process: The Canadian visa process is straightforward and aimed at attracting international students, providing a hassle-free experience compared to the more stringent US visa policies.
  • Global Recognition: Canada's education system is globally recognized for its high quality, with over 100 public and private universities offering over 15,000 programs for international students.
  • Diverse and Inclusive Environment: Canada is known for its inclusive environment, with four of the top 100 best student cities in the world, making it an attractive and welcoming destination for students from diverse backgrounds.
  • Scholarship Opportunities: Many Canadian universities offer scholarships for international students based on academic merit, leadership potential, and extracurricular activities, further enhancing the affordability of studying in Canada.
  • Employment Prospects: While the US and Canada offer excellent job prospects, Canada's more straightforward visa process and affordable education make it an appealing choice for international students.

Eligibility Criteria to Study Masters in Canada

Pursuing a masters in Canada is an exciting opportunity for many students. However, understanding the eligibility criteria is crucial for a smooth application process. Generally, master’s programs in Canada are designed to be completed in one to two years of full-time study. While requirements vary by institution and field of study, there are common prerequisites. Here are the main eligibility criteria to study masters in Canada:

  • Undergraduate Degree: Possessing an undergraduate degree from a recognized institution in a relevant field is crucial for admission to master's programs in Canada. Top universities often require a minimum CGPA of 6.0 or higher for acceptance into their master's-level courses.
  • English Language Proficiency Test: Indian students aspiring to pursue master's studies in Canada must demonstrate proficiency in English through tests like IELTS, TOEFL, PTE, and CAEL. The required scores vary, with averages ranging from 6.5 to 7.5 for IELTS, 85 to 90 for TOEFL, 55 to 65 for PTE, and 60 to 70 for CAEL, depending on the university and program.
  • GMAT/GRE Scores: Applicants are typically required to submit GMAT or GRE scores for specialized courses like MBA, MIM, and MSc Finance. Successful candidates aiming for the best master's courses in Canada from top universities often achieve scores of 650 and above.
  • Work Experience: Many master's programs in Canada mandate relevant work experience for admission, particularly for expert-level courses like MBAs. While some programs may not necessitate prior work experience, it is advisable to verify specific requirements on the university's official website.
  • Passport and Visa Requirements: All international students wishing to study at Canadian universities must have a valid passport and a student visa. It is advisable to apply for a Canada student visa at least three months before your anticipated travel date to ensure a smooth transition into your academic journey.

Top Universities for Masters in Canada

A post-graduation degree or a Masters in Canada lasts 12-18 months. Students from more than 200 nationalities seek admission from top Canadian Institutions. The education institutes in Canada can be classified into Universities, University Colleges, Community colleges, and Diploma colleges. Here are the top-ranked colleges for Masters in Canada:

S.No University Name QS Ranking Average Fees Per Year (INR)
1. University of Toronto 21 INR 30,34,000 - INR 42,48,500
2. McGill University 30 INR 18,20,000 - INR 42,50,000
3. University of British Columbia 34 INR 19,42,000 - INR 54,62,000
4. University of Alberta 111 INR 9,10,000 - INR 30,34,500
5. University of Waterloo 112 INR 18,20,000 - INR 37,62,000
6. Western University 114 INR 18,30,000 - INR 54,90,000
7. University De Montreal 141 INR 12,13,900 - INR 30,34,900
8. University of Calgary 182 INR 10,92,000 - INR 24,40,000
9. McMaster University 189 INR 15,17,800 - INR 42,48,000
10. University of Ottawa 203 INR 12,20,000 - INR 27,45,000

Admission Requirements for Masters in Canada

The admission process for a Masters in Canada can be a tricky part. Starting from the lengthy application form, numerous counselling sessions, selecting the right course and arranging the fees for final admission. Plus, there is a long list of documents you must keep with yourself that are often required by the universities. We have prepared the list of documents mostly required during the admission process to assist you through this process. You should be ready with copies of these documents since they are often needed to submit the final application.

 Here is the list of essential documents you will need:

  • Copy of Passport or ID card
  • Passport-style photo
  • Degree certificate(s) or current certificate of enrolment
  • Official transcript(s)
  • GMAT/GRE/TAGE MAGE official test score
  • Resume or CV
  • Statement of Purpose
  • Essay Letter(s)
  • Letter(s) of recommendation

Visa Requirements for Canada

masters in canada

To study in Canada, you need to obtain a Temporary Resident Visa (TRV) and a Study Permit (also known as Student Visa). Also carry a visitor visa or Electronic Travel Authorization (ETA) along with these documents. These will be valid for the duration of the course. A study permit is proof that you are enrolled in a university. The visitor visa, however, is needed to grant you entry into the country. The Temporary Resident Visa is also a document that is required to obtain residency in Canada during your stay. These documents are necessary for every student planning to study for a Masters Degree in Canada.

The following list of documents must be presented for Visa processing:

  • An acceptance letter from the education institution
  • Valid Passport
  • Statement presenting minimum balance in your Bank account (required for meeting your expenses)
  • Medical reports exhibiting your health condition
  • Proof of no criminal record (Police Certificate)
  • Plus, your family members might also be required to present their Bank statement.
  • You would have to go to the Canadian embassy for a personal interview.

Breaking Down the Costs of Studying for an MS in Canada

Understanding the Cost of Pursuing MS in Canada

Financial planning is crucial when considering higher education abroad. In this section, we explore the various cost factors associated with pursuing a Master's in Canada and provide valuable insights into managing expenses effectively while ensuring a seamless academic journey for Indian students.

1. Tuition Fees for Masters in Canada

The average tuition fee for a Master's degree in Canada varies depending on the university and program. For international students, the cost can range from CAD 6,000 to CAD 74,000 per year. This means that for a two-year Master's program, you can expect to pay between CAD 12,000 and CAD 148,000. Despite the variation, investing in a master's in Canada offers great value due to the high-quality education and global recognition of Canadian degrees. When planning your budget, remember to consider these costs to ensure a smooth financial journey during your studies.

2. Living Expenses for International Students

Living expenses for international students pursuing a Master's degree in Canada vary depending on factors like location and personal lifestyle choices. Here's a breakdown of the average annual costs students can expect:

  • Average Living Costs: International students can expect to pay between CAD 15,000 and CAD 20,000 annually for basic expenses like rent, food, transportation, accommodation, and health insurance.
  • Rent Expenses: On-campus housing costs range from CAD 3,000 to CAD 7,500 yearly, while off-campus options vary between CAD 9,000 and CAD 26,000 annually.
  • Food and Transportation: Food expenses typically range from CAD 2,400 to CAD 3,600 per year, while transportation costs can be between CAD 1,400 and CAD 3,000 annually.
  • Health Insurance: Health insurance expenses vary from CAD 600 to CAD 1,000 annually, ensuring students access essential healthcare services.
  • Miscellaneous Costs: Additional expenses, such as personal items and leisure activities, can range from CAD 7,200 to CAD 8,400 annually.

Jobs After Masters in Canada

A crucial factor to consider when planning for a Masters in Canada is the potential return on your investment, particularly in terms of expected salary after graduation. Canadian graduates are known for their strong earning potential, thanks to the high-quality education they receive and the robust Canadian job market. Let's delve deeper into what you can expect in terms of salary after Masters in Canada:

S.No Job Title Average Annual Salary (INR)
1. IT Analyst INR 45,51,000 - INR 57,65,000
2. Social Worker INR 36,81,000 - INR 48,55,000
3. Software Engineer INR 48,55,000 - INR 60,08,900
4. Data Science Engineer INR 55,83,000 - INR 63,72,000
5. Psychologist INR 27,31,000 - INR 45,51,000
6. Public Health Advisor INR 33,55,000 - INR 51,58,000

Scholarship Opportunities for MS in Canada

Scholarships play a significant role in supporting students' academic aspirations and easing financial constraints. This section will talk about the diverse scholarship opportunities available for Indian students pursuing MS in Canada, guiding them towards securing financial aid for their educational endeavors.

Scholarship Name Awarded to Amount/ Benefit
Canadian Commonwealth Scholarship and Fellowship Plan Students applying to programs of advanced study and research at the Masters and Ph.D. levels. Covers tuition fees, travel, and living allowance.
National Research Council of Canada (NRCC) Meritorious students pursuing Masters and PhD courses in natural science or engineering disciplines. Up to INR 21,24,000 per year
University of Waterloo Scholarships Fully-funded scholarship for international students. Offered for undergraduate, master, and PhD studies. Upto INR 6,10,000
Ontario Graduate Scholarships All international students pursuing full-time and part-time graduate courses in Ontario with a first-class or equivalent in the qualifying exam. INR 9,10,000/ year
University Canada West Scholarships Funded scholarships for international students offered for undergraduate and master’s programs. INR 6,07,000 for master’s and INR 12,14,000 for bachelor’s
McGill University Scholarships Fully funded scholarships for international students offered to undergraduate, master's, and PhD students. INR 5,15,000
University of Manitoba Graduate Fellowships Students pursuing graduate programs at the University of Manitoba who demonstrate superior intellectual ability and academic accomplishments. INR 9,10,000/ year

Conclusion

In conclusion, obtaining a Master in Canada is a step towards an enriching educational experience and a promising career path. With its world-class universities, diverse study options, welcoming culture, and scenic beauty, Canada presents an unmatched study-abroad experience. Remember, the path may seem challenging, but with the right preparation, determination, and guidance, your dream of earning a Masters in Canada can become a reality.

Masters in Canada with us at MiM-Essay promises far more than mere academic advancement. It's a voyage that fosters personal growth, cultivates lasting friendships, and widens your global viewpoint. The lessons learned and experiences gained extend far beyond the classroom, influencing your personal and professional life long after your academic journey ends.

What is salary in Canada after MIM?

 The typical post-MIM average salary in Canada ranges from CAD 50,000 to CAD 80,000 annually, influenced by factors such as job role, industry, location, and the individual's work experience and skills. On average, MIM graduates in Canada tend to earn around CAD 60,000 to CAD 70,000 per year, with entry-level positions offering a salary range of CAD 45,000 to CAD 60,000 for those without work experience.  

What is the highest package in MIM?

 The highest salary package for MIM graduates differs based on the school and location. For instance, the Indian Institute of Management Bangalore records the highest average salary for MiM graduates at $144,178. In another case, the Manipal Institute of Management in India provided the highest salary package of ₹9 lakhs per year to its students. These examples illustrate the diversity in highest salaries within MIM programs, showcasing variations both internationally and domestically.  

Is MIM better than MBA?

 The comparison between a Master in Management (MiM) and a Master of Business Administration (MBA) is subjective and relies on various factors. Each degree has distinct merits and is tailored to a specific audience.


MiM programs are typically designed for recent graduates or those with minimal work experience, emphasizing foundational business subjects to facilitate entry into the business sphere. In contrast, MBA programs are geared towards experienced professionals, offering comprehensive and specialized courses, leadership, strategy, and elective concentrations.


When considering cost, MiM programs are generally more economical than MBA programs, featuring lower tuition fees. However, MBA programs often result in higher starting salaries and swifter career advancement, potentially justifying the higher investment.


Choosing between the two involves essential considerations such as career objectives, experience level, and personal circumstances. Both MiM and MBA programs impart valuable skills for entrepreneurship, with MiM programs furnishing foundational knowledge and MBA programs often delivering specialized entrepreneurship courses, resources, and networking opportunities.


Ultimately, the decision between MiM and MBA hinges on career aspirations, experience level, and financial factors. Thorough research and self-assessment are imperative to determine which program best aligns with long-term goals.  

Know Your Author
Photo of Abhyank
Abhyank Srinet
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Study Abroad Expert

Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.

Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.

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