As per the latest statistics, the employment rate of MBA graduates in Canada has moved up considerably. For instance, at the Schulich School of Business Class 2017, 89% of students were hired within 3 months of graduation with an average salary range of $48,000-$190,000. Major sectors recruiting include Financial Services, Technology, Retail, Consulting and Real Estate sectors.
Similarly, in Desautels Faculty of Management, McGill University, 90% of MBA students were placed within 3 months of graduation in functional areas such as Finance, General Management, Marketing and Business Development.
In this article, we will discuss about studying MBA in Canada from an international student’s perspective in terms of its career benefits, admission process, visa requirements, fees and costs, exams required and post-degree job opportunities.
Types of MBA in Canada
There are several kinds of MBA degrees offered in Canada to suit diverse interests and requirements of international students.
- Full-Time MBA:- With an understanding of the diversity of the Canadian workforce, MBA program prepares a student to enter the job market as a leader. The duration of the program is usually two years and students can choose to study in full-time or part-time mode as per their convenience. Students can also decide to opt for joint degree options such as MBA/JD or MBA/MFA/MA.
- International MBA:- IMBA provide business insights from some of the world’s best professors and the opportunity to work with the world’s most renowned industry leaders. Apart from individual development, international students are exposed to global experience such as international field study, global courses, integrated curriculum, etc. The duration of the program is usually 20-28 months.
- Executive MBA:- Usually the duration of the program is 13 months, where the return on investment is both personal and professional. It is suitable for students who want to work while studying and aspire to gain practical corporate knowledge along with classroom learning.
Benefits of Studying MBA in Canada
- Great Career Opportunities:- Canada falls into the category of top countries for studying MBA abroad. As per the QS World University Ranking 2018, seven of the world’s top 150 universities are in Canada.
With such top-notch educational institutions, Canada also provides excellent job opportunities for immense career growth. To know more, check out the Job Prospects after MBA from Canada at the end of this article.
- Simpler Visa & Immigration Process:- Every student who has ever thought of studying abroad can not deny that the complex process of Visa and Immigration process can be a huge discouragement.
But, here’s the good news! After Donald Trump administration’s negative immigration speeches, Canada has become an even more tempting option for international MBA candidates over the past two years. Top-level education at such affordable costs without any hassle for the admission process, Canada has become the ‘dream place’ for all international students.
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- Better standard of living:- As a multicultural nation, Canada welcomes all international students with open arms. With high cultural diversity, it has become a place where people of different religions, cultures, languages and backgrounds live together in harmony. Coming from an outside country, an international student can mingle with different kinds of people and gain memorable experiences.
Top Universities in Canada for MBA
Canada is home to some world-renowned B-schools and universities in the world.
*CWUR World University Rankings 2018-2019
|*Rankings||University Name||College Name||Percentage of International Students|
|17||University of Toronto||Rotman School of Management||51%|
|37||McGill University||Desautels Faculty of Management||60%|
|38||University of British Columbia||Sauder School of Business||–|
|96||University of Alberta||Alberta School of Business||16.70%|
|261||Queen’s University||Smith School of Business||11.30%|
|311||Simon Fraser University (SFU)||Beedie School of Business||–|
|388||York University||Schulich School of Business||–|
|411||University of Saskatchewan||Edwards School of Business||7.30%|
|–||University of Western Ontario||Ivey Business School||30%|
Top Universities with Tuition Fees
Given below is a table with all the top-ranking Canadian Universities along with their tuition fees for international students. Note that these tuition costs are only for the Full-Time MBA program. There are various other programs offered by universities. For more information, students are encouraged to visit the universities’ official websites.
|Universities||Fees (Full-Time MBA)|
|Rotman School of Management||$120,680|
|Schulich School of Business||$103,800|
|Ivey Business School||$111,750|
|Desautels Faculty of Management||$ 91,437|
|Sauder School of Business||$60,000|
|Queen’s School of Business||$95,000|
|Alberta School of Business||$57,909|
|Beedie School of Business||$51,700|
Master of Business Administration (MBA)- Admission Requirements
As an international MBA aspirant, there are certain admission requirements that you should be familiar with:-
Online Application:- Every university has its own application portal where candidates need to register and complete the application form.
Application Fee:- Along with the completion of the online application, candidates must pay an application fee (in Canadian funds). This fee can be paid by credit card and is non-refundable when submitting the online application form.
- Transcripts:- To secure admission in Canada, international students need to submit the scanned copies of all official transcripts through an online application portal. A copy of the bachelor’s degree from a recognized university/ institution must be included. Students should translate all transcripts into English at the time of the submission.
- GMAT/ GRE Scores:- Candidates planning to pursue MBA program in Canada must provide the scoresheet of the Graduate Management Admissions Test (GMAT) or the Graduate Record Examination (GRE). Every institution has different minimum score requirements, therefore, students are advised to check the official website of their choice of university.
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- Letters of Recommendation/ Letters of Reference:- As a mandatory part of the admission process, students must submit at least two professional letters of recommendation. These letters must be directly from individuals who have been responsible for evaluating the candidate’s work performance and potential. While submitting the online application form, candidates need to provide the names and email addresses of two workplace supervisors from current and previous employment.
- Essays:- Writing a strong application essay can be the qualifying factor during the admission process. The idea behind it is to provide students with an opportunity to express themselves in formal prose. Students are asked to describe why should they be considered for the program. These essays are judged on the basis of their content, style and tone.
- English/ French Language Proficiency Tests:- Both English and French languages are the medium of instruction in Canadian universities. Depending on the course and the language in which it is taught, international applicants need to fulfill the specific language proficiency requirements.
The main English Language Proficiency Tests accepted by the top universities in Canada are:-
- TOEFL:- Test of English as a Foreign Language
- IELTS:- International English Language Testing System
- PTE:- Pearson Test of English
The main French Language Proficiency Tests accepted by the universities in Canada:-
- DAFL:- Diplôme Approfondi de Langue Française
- DEFL:- Diplôme d’Etudes en Langue Française
- TEF:- Test d’Evaluation de Français
- Resume:- Applicants must submit a one-page resume containing the details of their employment history. It is crucial to mention the period specifying the company name, job profile, skill sets and responsibilities. A well-made resume should have a record of the candidate’s academic qualifications presented in reverse chronological order.
- Work Experience:- Most of the top universities admit candidates who have at least two years of full-time experience. For instance, Rotman School of Management of the University of Toronto expects its students to have 4.6 average years of work experience to get admission in Full-Time MBA program.
- Interview:- After a preliminary review of a candidate’s application, admitted students will be shortlisted for the interview process. Usually, for international students, the interview is conducted over Skype. This step of the admission process is crucial for both, the admission committee as well as the students. While the committee members get an opportunity to gain further insights into the students’ background and experiences, students are also allowed to ask key questions which are essential to make the right choice.
Study MBA in Canada without GMAT?
Most of the business schools in Canada ask for the submission of the Graduate Management Admissions Test (GMAT) scoresheet, based on which admission is granted.
However, if you are an MBA aspirant who does not perform very well in tests, there is no need to worry. You are not completely out of luck. During admission decisions, students are evaluated on their analytical, decision-making, communication and leadership skills through education and work experience.