Study MBA in Canada

Study MBA in Canada

Study MBA in Canada

If you do not make a well-informed selection that considers all factors and subtleties, an MBA in Canada might be pretty costly. On the other hand, higher education in Canada is more affordable for international students than most other countries. Students are more likely to choose Canada for their post-secondary studies because of the high level of education and easily validated Canadian degrees. MBA is a financially rewarding alternative for students, but first, you must determine the cost of an MBA in Canada.

Each year, the proportion of Indian students who wish to pursue higher education in Canada grows. So, let’s dive deep into everything you should know about how to study MBA in Canada.

Study MBA in Canada

MBA (Master of Business Administration) is a course that requires a significant investment in the future because it will prepare you for more than just spreadsheet analysis or team leadership. It’s a program that can open up a whole new universe of possibilities. Pursuing an MBA from Canada could be a life-changer, as Canadian MBA schools strive to acquire the necessary abilities to cope with real-world business difficulties successfully.

How Much Does an MBA Cost in Canada?

MBA tuition rates vary depending on the university and program you choose. In Canada, however, the typical college expense for an MBA ranges from C$ 38,500 to C$ 163,600. The fee system varies, and universities charge international students higher fees than local Canadians. 

However, when comparing university fees to top MBA colleges in the United Kingdom, the United States, and Australia, Canada is on top. Every year, universities revalue their rates, and they may charge greater or lesser costs to students in that current year. You must also set up C$ 150 for the program’s Canada Student Visa fee.

On-campus university housing costs between C$ 3,000 and C$ 7,000 per year. Private shared living off-campus can cost anywhere between C$ 8,500 per year if students want a piece of their own space. Cities like Quebec, Montreal, and Ottawa have become less expensive, with monthly living prices ranging between C$ 800 and C$ 1,500. Living in Vancouver or Calgary, on the other hand, can be costly. 

Accommodation in these significant cities can cost up to C$ 2,200 each month. Students in Canada need to set aside C$ 300 a month to shop at local grocery stores. 

Is an MBA worth it in Canada?

Individuals want to get into these B-schools to obtain an MBA in Canada as there is a better chance of getting work with university support. The alumni of Canada’s most prestigious universities have strong employability rates, with graduates working for some of the top employers with great career possibilities. 

In Canada, the average pay is 110,000 CAD per year. In fact, with an average annual income of 155,000 CAD, the Executive MBA program is the highest-earning degree in Canada. 

MBA in Marketing is concerned with consumer and market analysis and bringing value to products through marketing techniques. Your responsibilities will include advertising, competitive research, project management, advertising, consulting, marketing and development marketing, etc.

It is safe to claim that an MBA from Canada will lead you to global prospects based on the aforementioned. Given the breadth of opportunities available after an MBA in Canada, individuals from other professions regard this qualification as a means to better their careers. 

Eligibility for MBA in Canada for Indian Students

People in occupations with no room for progress feel stuck at a stage when an MBA allows for a smooth transfer into a managerial or executive level role. With numerous job opportunities for overseas students after completing an MBA in Canada, it is unquestionably a lucrative career path.

  • A bachelor’s degree from a reputable institution is required.
  • The student must provide evidence of relevant job experience. (If applicable)
  • Evidence of English language proficiency is required.
  • A GMAT scorecard is required to book a spot at any top Canadian university, but keep reading to know more about GMAT requirements. 
  • The student must have an academic record that includes all graduation documents.
  • Standard Admission Test (SAT) scorecard, such as IELTS or TOEFL.
  • Proof of funds and bank statements must be provided to sustain your stay in Canada.
  • Proof of work experience (if any)
  • Remember to include a letter of recommendation.
  • The admission committee will also want a statement of intent to measure your application.
  • Please include all visa-related paperwork.

Is IELTS enough for MBA?

Yes, IELTS is sufficient for an MBA in Canada to prove your language proficiency. The English language proficiency of candidates seeking admission to Canadian universities is assessed using a variety of parameters. If you meet any alternative language proficiency standards indicated by your chosen university, you can study in Canada without taking IELTS. 

Many Canadian universities also require applicants to submit a Letter of Recommendation (LOR) from any previous academic institution. Additionally, sure overseas students from specific nations are excused from producing English language competency ratings. Furthermore, Canadian educational institutions frequently accept English language competence exams other than IELTS as part of the admissions process.

IELTS Canada

While IELTS is accepted by most B-schools worldwide, the minimal IELTS score for top business schools varies based on the quality of the business school. Let us first look at the IELTS pattern before getting into the needed IELTS Scores for Top Business Schools.

 

IELTS is scored on a unique 9-band system, with candidates receiving points for four sections: listening, reading, writing, and speaking. Many business schools set a minimum IELTS score of 6.5 with just an average of 6 in all components.

Minimum IELTS score required for MBA

To guarantee that you can converse easily, you will need to present documentation of your language skills, whether English or French, to obtain a Canadian visa.

Aside from your language competence, you will be evaluated based on other factors such as your university degree, age, and job experience. The minimum point for resident status through Canada Express Entry is roughly 698.

However, the total and band-specific IELTS score requirements for working in Canada may differ. For example, to be a lawyer, a minimum IELTS rating of 7.0 within every section is required. To be a nurse, you must have a total rating of 6.5 and a Speaking score of 7.0.

A band score of roughly 7 is required for IELTS in Canada. Most international candidates take the IELTS exam for Canada because it is one of the necessary prerequisites. IELTS bands 6 to 7 are required for admission to Canadian universities. Some of the major universities that require IELTS are the University of Toronto, British Columbia, Alberta, McGill, and Windsor.

Best MBA Colleges in Canada

MBA at the University of Western Ontario’s Ivey Business School

Date of establishment: 1922

Ivey is one of Canada’s most prestigious business schools, having established the country’s first MBA and PhD programs. In addition, the school has a strong track record of generating leaders. The school is well-known for its cutting-edge curriculum and Cross-Enterprise instructional strategy.

MBA at York University’s Schulich School of Business

Date of establishment: 1966

The Schulich MBA is a year-long program that gives an intelligent framework to basic managerial fundamental concepts and combines classroom experience with hands-on experience through an eight-month strategic management consultancy project working with real clients, challenges, and solutions. 

It is recognized for its global reach, quality improvement initiatives, and diverse perspectives. The curriculum includes 19 specializations, year-round study choices including full-time, part-time (night and weekend), and expedited, 75 exchange partners, and internship opportunities.

MBA at McGill University’s Desautels Faculty of Management

Date of Establishment: 1906.

The MBA curriculum at McGill University’s Desautels Faculty of Management is regarded as one of the world’s most prestigious, multinational, and dynamic degree programs. Desautels is home to several research institutes and course offerings at the undergraduate, masters, executive, and doctoral levels. 

The curriculum is founded on an integrative, interdisciplinary concept integrating research, practice, and teaching.

Queen’s University’s School of Business offers an MBA program.

Date of Establishment: 1919

The Queen’s School of Business is affiliated with Queen’s University but operates independently, having its dean and funding. Queen’s Commerce is Canada’s most respected and oldest undergraduate business school. The school takes a novel approach to team-based and experiential learning. 

Queen’s School of Business, in addition to its highly regarded MBA programs, is home to Canada’s most distinguished undergraduate business program and several exceptional graduate programs.

MBA at Athabasca University 

Date of Establishment: 1994

Athabasca University is proud to have developed the world’s first completely interactive online MBA program. The fully approved program has grown in stature over the last 25 years and is now recognized globally. It also intends to make it simple for students with prior education to transfer credits, allowing them to finish their degree from a respected university with greater flexibility and potentially lower prices.

It is designed primarily for working business executives. The digital format is intended for as-you-go flexible schedules, such as those who frequently travel for work or work long hours.

MBA in Canada from India

Today, about a dozen Canadian universities have stepped forward to meet the increasing demands for online MBA programs from local and international students seeking a more flexible Canadian business certificate. Universities are bringing the MBA’s trademark advantages of one-on-one access to corporate leaders, practice deconstructing real business cases, rigorous engagement with peers, and continuous career and networking help with it.

MBA in Canada fees

Tuition fees levied by colleges account for a sizable amount of the expense of studying in Canada. The overall cost is determined by various elements such as the type of course, its worldwide outreach and reputation, the city of study, etc. Hence, the median cost of studying in some of Canada’s premier institutions in terms of tuition fees might reach CAD 35,000. (INR 18,84,000). 

The Council of Ministers of Education of Canada (CMEC) also provides an online calculator for overseas students to estimate the cost of studying in Canada. Aside from undergraduate courses, many students have enrolled in postgraduate or master’s degree programs such as MBBS in Canada.

Tuition costs for international students will cost the equivalent of INR 9,54,500 per year. Management (MBA) schools, in particular, are pretty expensive. While the average cost of Executive MBA courses is approximately INR 30, 31,500, the tuition charge for standard MBA programs is around INR 14, 75,000.

MBA in Canada Requirements | Is GMAT compulsory?

Most Canadian business schools require GMAT or GRE scores for admission to MBA programs. However, colleges and top universities in Canada don’t require GMAT scores when admitting students to an MBA program. Earning an MBA does not imply that universities will compromise educational quality. If a college does not require the GMAT, you must meet the other standards established by the school for admission.

Aside from standard MBA degrees, only a handful of universities in Canada offer various forms of MBA degrees without the GMAT. These programs are available in both full-time and part-time formats. Some MBA programs in Canada do not require the GMAT.

  • Executive and part-time MBA programs are available at the University of Toronto.
  • Concordia University’s Executive MBA program
  • McGill University’s Executive MBA program
  • Executive MBA programs at HEC Montreal Accelerated and Ivey Business School

Top 7 Universities in Canada for MBA

The MBA is among the most competitive and rewarding degrees available today. An MBA from a reputable business school is a wise investment. Similarly, the best business schools in Canada that provide world-class MBA programs are:

  • Schulich School of Business (York University)
  • Management School at Rotman (University of Toronto)
  • Business School Sauder (University of British Columbia)
  • McGill University Desautels
  • Smith The University of Queen’s
  • Alberta University
  • Business School Ivey

Conclusion:

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