Table of Contents
- What is the Average MIM Salary in Canada?
- Sector-Wise Breakdown: MIM Salary in Canada
- Highest Paying MIM Job Roles in Canada
- What Are the Top Companies Hiring MIM Graduates in Canada
- Factors Affecting MIM Salary in Canada
- Analyzing MIM Salaries by Location in Canada
- Top MIM Schools in Canada Yielding High-Paying Careers
Masters in Management (MIM) is an ideal postgraduate program for those who want to explore a varied range of managerial roles in the industry. Numerous universities and academic institutions across the world 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
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
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 |
Factors Affecting MIM Salary in Canada
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!
| 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.
