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MBA in Canada

Introduction

Residence to above 92 universities and 175 technical institutes and colleges with a multitude of professional, academic and vocational programs, Canada is amidst one of the best five destinations world-wide to seek higher education. The business programs, particularly an MBA in Canada, is the most popular and extremely acknowledged globally. A degree in business provides students with a thorough knowledge of the business atmosphere and, furnishes them with technical skills and self-confidence to adequately and competently execute tasks and adjust to the ever-dynamic business circumstances.

Benefits of Studying an MBA in Canada

MBA schools in Canada are inexpensive and provide globally acknowledged degrees. Admissions and student visa procedures are quite manageable. Business courses offered by Canadian universities heighten the career possibilities and earning probability. Universities here concentrate primarily on strengthening the foundation and encourages students to explore all the limitations of the business ambiance.
The program curriculum at Canadian universities comprises of various internship programs. They help students to acquire knowledge in the business world.

Eligibility Criteria 

Undergraduate Degree:

Nearly all Canadian Business Schools need 16 years of undergraduate education. A four-year degree following high school or junior college is mandatory.
Almost all business schools in Canada need a minimum GPA of 3.0 – 3.5 for admittance to the MBA program. Admittances to Canadian business schools are notably quick. 

Work Experience:

Most Business Schools in Canada demand a minimum of two to three years of work experience to enroll into an MBA program. Several business schools, admit without prior work experience. However, applicants with work experience are preferred.

GMAT:

Almost all MBA programs require GMAT. If you intend to pursue an MBA in a Canadian business school, you need to score significantly in this test. 

TOEFL:

Almost all MBA programs in Canada require TOEFL as proof of English proficiency. The minimum scores needed for several universities vary from 550 to 600 on the paper-based TOEFL and 213 to 250 on the System-based TOEFL.
Most business schools accept the ILETS score instead of TOEFL.

Entrance Exam Required to get admission in Canada 

GMAT 

The GMAT is a graded, clocked test, operated in English, which tests analytical writing, verbal, and mathematical abilities which is essential in the study of administration. The average necessary GMAT score is 550, and the average for MBA candidates is 606.

TOEFL 

TOEFL is administered by three variants a paper-based, computer-based, or internet-based examination. In Canada, the accepted TOFEL score varies from 550-600 (paper-based test), 213-250 (computer-based test), and 86-100 (internet-based test). In Canada, the fee for this test is $160 (Canadian dollars). 

Other Tests

Few schools allow the TOEFL test to be replaced, with a corresponding examination. In Canada, either of three comparable tests may be allowed, some of them are the CanTest, International English Language Testing System (IELTS) and Michigan English Language Assessment Battery (MELAB).

Top Universities that offers an MBA in Canada

Desautels Faculty of Management, McGill University, Montreal, Canada 

Founded in 1906, the Desautels Faculty of Management at McGill University is ranked as one of the world’s top global business schools. The Faculty’s creative programs and well-known reputation for supremacy remain to attract the best students and the most renowned professors from around the world to its downtown campus situated in the dynamic metropolis of Montreal. 

Duration of Course: 20 months

Ivey Business School – University of Western Ontario, Canada 

Accredited with establishing Canada’s first MBA and Ph.D. programs in business, Ivey is one of the most prominent business schools in Canada. The school also has an exceptional track record for drafting leaders. It was established in 1922 and recognised for its state-of-the-art curriculum and Cross-Enterprise training approach.

Duration of Course: 12 months 

Rotman School of Management, Toronto, Canada 

Canada’s top business school, Rotman has all the benefits of its world-wide peers, with a strong notion of business education. Their unprecedented approach to problem-solving will change your leadership capacity and help you address global business challenges.

Duration of Course: 16 months 

John Molson School of Business, Montreal, Canada 

Concordia’s John Molson School of Business is one of Canada’s top institutions, providing programs at the undergraduate, graduate and PhD levels with practical, case-based teaching modus operandi. Continuously ranked in the top 10 Canadian MBAs by the Economist and Bloomberg, Concordia was also the top-ranked Canadian institution in the 2020 QS Top 50 under 50 university ranking

Duration of Course: 16-24 months 

Alberta School of Business, University of Alberta, Canada 

The Alberta School of Business, University of Alberta is situated in Edmonton, Alberta, Canada. Established in 1916, The Alberta School of Business is a research-oriented publicly funded organization and continuously ranked in the top 50 publicly-funded universities for research by the Financial Times of London.

Duration of Course: 2 years

Haskayne School of Business, University of Calgary, Canada

The Haskayne School of Business is the University of Calgary’s business school, situated in Calgary, Alberta, Canada. It is named after Richard F. Haskayne, who gave one of the highest fundings to the business school in Canada. The school offers undergraduate, master’s, and PhD degrees, in addition to executive programs. Haskayne is ranked as one of the best business schools in Canada and the Top 100 in the world.

Duration of Course:  20 months

HEC Montréal, Montreal, Canada  

HEC Montreal is a university-based school founded in 1906. Established by the Board of Trade of Metropolitan Montreal, it was the 1st business and management school in Canada. It is accredited to the EFMD Quality Improvement System (EQUIS), Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB). It was the first school in America to hold accreditation from these respected establishments. The school has affiliations from the Universities, Conférence des Grandes Écoles (CGE) and the Canadian Bureau for International Education (CBIE).

Duration of Course: 12 months

The Stephen J.R Smith School of Business, Queen’s University, Kingston, Canada

Formerly known as the Queen’s School of Business, Stephen J.R. Smith School of Business, established in 1963, is one of the leading business schools in Canada. It offers graduate and undergraduate business programs. Queen’s Master of International Business program was ranked No.1 in North America in the 2017 Financial Times Masters in Management Ranking.

Duration of Course: 16 months 

Sauder School of Business, University of British Columbia, Vancouver, Canada

The Sauder School of Business at the University of British Columbia is amongst one of the world’s foremost academic business schools. Resided in Vancouver, Canada is a portal to the Pacific Rim, Sauder offers an international business outlook at a compelling intersection of the worldwide marketplace.

Duration of Course:  16 months

Schulich School of Business, York University, Toronto, Canada  

The Economist yesterday ranked Schulich’s MBA program #1 in Canada in the magazine’s annual survey of the world’s top 100 MBA programs. Besides standing 1st among Canadian business schools, Schulich placed 48th overall and 12th in the world amidst non-US schools. 

Duration of Course: 20 months

COST

Top Universities Fee 

1. Desautels Faculty of Management, McGill University, Montreal, Canada

Course Fee: $79,500 CAD

 

2. Ivey Business School – University of Western Ontario, Canada

Course Fee: $83,250 CAD

3. Rotman School of Management, Toronto, Canada 

 Course Fee: $105,690 CAD

 

4. John Molson School of Business, Montreal, Canada

Course Fee: $37,100 CAD

5. Alberta School of Business, University of Alberta, Canada 

Course Fee: $33,250 CAD

6. Haskayne School of Business, University of Calgary, Canada

Course Fee: $58,000 CAD

7. HEC Montréal, Montreal, Canada  

Course Fee: $49,000 CAD

8. The Stephen J.R Smith School of Business, Queen’s University, Kingston, Canada 

Course Fee: $90,528 to $96,000 CAD

9. Sauder School of Business, University of British Columbia, Vancouver, Canada 

Course Fee: $82,292 CAD

10. Schulich School of Business, York University, Toronto, Canada

Course Fee: $103,800 CAD

Living and Other Costs 

Canada has quite cost-effective tuition fees when compared to other advanced countries. That is why possible candidates are pursuing  Canada in place of the USA. And for an international candidate, the cost of studying in Canada and living costs range from $20,000 to $30,000, in Canadian dollars. 
The average monthly costs of living may range from  CA$600-800 for food and other expenses, without incorporating accommodation. The larger the city, the more upscale living costs serve to be.

Accommodation

Usually, students manage to seek for on-campus residences before anything else because they assume that it is previously confirmed. However, being admitted at a Canadian institution doesn’t necessarily imply that you will receive a room in the campus residence.

Transportation

Bike, bus, walking or metro: Those are the several general modes of transport for students reciprocating every day from the university. And the monthly passes vary from about $80 to $110, but several transportation providers give concessions for students.

Canadian Salary after MBA

The pursuance of a higher-level degree is commonly estimated as a major investment. Every year, students register in MS programs around the world to pursue the finest in education. Nevertheless, it was assessed, according to the studies performed by the Post Secondary Student Information System (PSIS), that there were 18% of Worldwide students registered in Masters programs which also deemed approximately 13% of all Masters students in Canada. 

Average base pay for an MBA graduate in Canada may differ, respectively. The unit at Statistics Canada issues periodic updates on hourly charges for professions all over the country. According to their newest estimates (January 2018), the average Canadian salary is $26.83/hour or $55,806.40 a year (following a 40-hour workweek). Nevertheless, with work experience, you can make as far as three times than the national average. 

Work Visa after completing MBA in Canada 

A work permit following the PGWP is usually allowed according to the length of the study course. The highest period concerning the post-work permit is for three years. It indicates that if your post-graduate course’s duration is two years, you receive a three-year PGWP visa. In the long term, Canadian work experience obtained under PGWP aids international graduates to be eligible for PR (permanent residence) in Canada through Express Entry. 

Eligibility criteria for PFWP

You are required to study full time in Canada, and your program duration must be a minimum of eight months.
You shall apply for a work permit under 90 days of finishing your course. A transcript or an official letter from the university is mandatory. You are required to hold a valid student visa when you apply for the PGWP.

Conclusion

At present, Canada has the most significant per-capita immigration globally, with a tremendous rate of its population regarding a first, or second, era immigrant family or expatriates. They practice the word “Multiculture” pretty earnestly with substantial legislated policies to support their welcoming nature.
Knowledge is powerful, and we urge you to discover Canada as a feasible, and unique choice, when compared to the USA, for an MBA in North America. The affirmative work permit, and the whole amiable culture, are convincing grounds to pursue an education in Canada.