Please screenshot this page and send it to info@mim-essay.com

close

MiM Salary in Canada

MiM Salary in Canada: Job Role, Sectors, Locations & Factors

Masters in Management (MIM) is an ideal postgraduate program for those who want to explore a varied range of managerial roles in the industry. There are numerous universities and academic institutions across the world that are offering master’s degrees in Management. Canada is renowned for its business schools and management universities that provide quality courses in the field of Business and Management. Here is a complete guide on how much you can earn after completing your MIM in Canada.

What is the Average MIM Salary in Canada?

After completing MIM in Canada, the average starting salary is around CAD 66400 annually. This is relatively high compared to the average starting salaries of bachelor's degree holders in Canada, which is around CAD 50,000.

With the best MIM colleges in Canada, students can almost guarantee a successful career & salaries. Several factors influence the average salary of MIM graduates in Canada. Some of these factors include work experience, industry, job profile, and location. It is crucial to note that the salary range is not fixed and can vary significantly based on these factors.

Sector-Wise Breakdown: MIM Salary in Canada

mim salary in canada

Here is an overview of the average salary range for MIM graduates in some popular industries:

Industry Salary Range (CAD)
Finance and Consulting 60,000 - 90,000
Technology and IT 50,000 - 70,000
Healthcare and Pharmaceuticals 50,000 - 70,000
Manufacturing and Supply Chain 50,000 - 70,000

Highest Paying MIM Job Roles in Canada 

mim in canada salary job roles

After earning a Master in Management (MIM) degree, you'll find plenty of well-paying job options in Canada. Roles like Management Consultant, Financial Analyst, Marketing Manager, Project Manager, and Business Development Manager are some of the top-paying positions for MIM grads. These jobs not only offer good salaries but also opportunities to grow in your career. With the skills you will learn in management and the experience you will gain through internships and projects, you'll be all set to succeed in these exciting roles in Canada.

Job Role Average starting MIM Salary (CAD)
Business Analyst 66,000
Marketing Manager 81,000
Financial Analyst 65,000
Project Manager 83,000
Management Consultant 91,000

What Are the Top Companies Hiring MIM Graduates in Canada

When it comes to launching a successful career after completing a Master in Management (MIM) degree in Canada, knowing which companies actively seek MIM graduates can make all the difference. Several prominent companies across various industries in Canada prioritize hiring MIM graduates for their strong leadership skills, strategic thinking, and business acumen.

BCG 
HSBC Bank Canada
PwC
Accenture
General Mills
Coca-Cola
KPMG
Deloitte

By targeting these leading employers, MIM graduates can enhance their career prospects and embark on a fulfilling professional journey in Canada's dynamic business landscape.

Factors Affecting MIM Salary in Canada

mim in canada salary factors affecting

Just as how much the cost of MIM in Canada affects admission, there are factors that affect salary in the country. The prospects for MIM salary can vary based on several factors, including job experience, company size, and industry demand. Here are some of the factors that can affect the salary prospects for MIM graduates:

1. Job Experience

One of the critical factors that can affect the MIM salary in Canada is job experience. The more job experience a graduate has, the more likely they are to secure higher-paying jobs. Many companies in Canada offer different salary levels based on the candidate's work experience and seniority level. Therefore, MIM graduates with relevant work experience may have an advantage in securing higher-paying jobs.

2. Company Size

The size of the company is another factor that can affect MIM salary in Canada. Large companies with a substantial employee base and global operations tend to offer higher salaries and more comprehensive benefits packages. In contrast, smaller companies may offer lower salaries, but they may provide more growth opportunities and hands-on experience.

3. Industry Demand

The demand for MIM graduates in different industries can affect the MIM salary in Canada. The industries with high demand for management graduates may offer higher salaries and more job opportunities. For example, the consulting and finance industries are known for their high salaries and competitive job opportunities.

4. Networking and Skills

Networking and skills are essential factors that can impact the prospects for MIM salary in Canada. Graduates who have strong networking skills and can build relationships with potential employers may have better access to high-paying jobs. Similarly, graduates with advanced skills in areas like data analysis, project management, and communication can command higher salaries in the job market.

Analyzing MIM Salaries by Location in Canada

Are you curious about how your salary prospects might vary depending on where you choose to work after completing your Master's in Management (MIM) in Canada? From the bustling streets of Toronto to the scenic landscapes of Vancouver, each city offers its unique blend of opportunities and rewards. So, let's embark on a journey to discover the salary landscapes awaiting you in different corners of the Great White North!

Location wise MIM Salary in Canada

 
City Entry-Level Salary Range (CAD) Mid-Level Salary Range (CAD) Senior-Level Salary Range (CAD)
Toronto 50,000 - 60,000 70,000 - 100,000 100,000+
Vancouver 45,000 - 55,000 60,000 - 90,000 100,000+
Montreal 40,000 - 50,000 55,000 - 80,000 100,000+
Calgary 50,000 - 60,000 70,000 - 100,000 150,000+
Ottawa 45,000 - 55,000 60,000 - 90,000 120,000+

Canada is one of the most popular study-abroad destinations for international students due to its high-quality education system, friendly immigration policies, and diverse cultural experiences. Glassdoor's report of MIM Salary in Canada. Mentions high salaries for MIM graduates in different locations in Canada.

Many students who pursue a Master's in Management (MIM) in Canada may also be interested in understanding the salary differences between Canada and other countries. Let's explore some of the salary differences in Canada compared to other parts of the world.

Top MIM Schools in Canada Yielding High-Paying Careers

Several prestigious institutions in Canada stand out for their MIM programs, consistently producing graduates who command lucrative salaries in their respective fields. Schools like the Rotman School of Management at the University of Toronto, Ivey Business School and the Sauder School of Business at the University of British Columbia are renowned for their rigorous academic curriculum and strong industry connections.

Colleges  Average Starting Salary (CAD)
Ivey Business School  84,974
York-Schulich  CAD 66,397
Queens University  CAD 74,488
UBC Sauder  CAD 63,963
HEC Montreal CAD 71,624
Rotman School of Management CAD 79,226

Conclusion

MIM graduates in Canada should consider various factors that affect their salary prospects before pursuing a career path. While job experience, company size, and industry demand are critical factors, networking skills and advanced skills can also impact salary prospects.

The graduates can maximize MIM's salary in Canada's potential by building their professional networks, acquiring advanced skills, and exploring job opportunities in high-demand industries. 

What is the average salary for MiM graduates in Canada?

The average salary for MiM graduates in Canada varies depending on factors like job role, sector, and location. On average, it ranges from CAD 50,000 to CAD 70,000 per annum.

Which job roles typically offer higher salaries for MiM graduates in Canada?

MiM graduates in roles such as management consultants, project managers, and finance analysts tend to earn higher salaries due to their specialized skill sets and responsibilities.

Which sectors in Canada offer the best salary prospects for MiM graduates?

Sectors like finance, consulting, healthcare, and technology often provide lucrative opportunities for MiM graduates in Canada, with competitive salary packages.

Do salary levels vary by location for MiM professionals in Canada?

Yes, salary levels can significantly differ by location. Cities like Toronto, Vancouver, and Calgary tend to offer higher salaries due to the cost of living and demand for skilled professionals.

What are the key factors influencing MiM salaries in Canada?

Several factors impact MiM salaries in Canada, including experience, education, industry demand, and negotiation skills. Candidates with more experience and negotiation prowess often command higher salaries.

Know Your Author
Photo of Rohit
Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
You may also like these Blogs