For individuals looking to pursue an MBA, Canada has emerged as a haven for higher education, providing a wealth of choices. Canada has drawn aspiring business professionals from all over the world, particularly India, because of its esteemed B-schools and dedication to provide top-notch education at affordable fees. In this blog, we will explore your dream universities in Canada, their admission criterias, procedures, and the tuition costs. So, let us begin exploring the numerous opportunities in MBA in Canada for Indian students.
In this blog:
- Why is an MBA in Canada right for Indian students?
- Types of MBA programs in Canada for Indian students
- Best MBA colleges in Canada for Indian students
- Eligibility criteria for MBA in Canada for Indian students
Why is an MBA in Canada right for Indian students?
Who wouldn’t want to get enrolled in top B-schools that provide high quality education at affordable MBA program fees? In addition to these factors, we present more compelling reasons why Canada is the perfect destination for Indian students to pursue their MBA programs.
1. Renowned Colleges and Globally Recognised Degrees
Canada’s got the goods! We’re talking about top-notch Canadian universities that are well-known for their internationally recognised degrees, and are highly valued by employers worldwide. The University of Toronto, the University of British Columbia, McGill University, and York University are among the top Canadian MBA institutes in the world where you’ll be getting a first-class education.
What do top Canadian B-schools look for in your profile?
2. Diverse Cultures and Global Network
Canada is a multicultural melting pot. With folks from every corner of the globe calling Canada home, you’ll be surrounded by a vibrant community of diverse cultures and perspectives. International students from around the world flock to Canada for their management studies, giving you an opportunity to build you a global network as you graduate with an MBA degree.
3. Immigration-friendly Government Policies
Canada takes pride in being one of the most immigrant-friendly countries in the world, encouraging people from all over the world to settle there. This also makes Canada a desirable study location because it offers students a three-year post-study stay back option, which opens the door to future immigration chances.
4. Affordable Tuition Fee and Living Costs
We recognise that being a student can be financially difficult. Compared to our western peers in the USA, and the UK, the tuition fees in Canada are as sweet as a sugar shack treat. This low cost of tuition, combined with a lower cost of living in Canada, gives students a huge edge, allowing them to follow their MBA dreams without breaking the bank.
5. Post-Graduation Work Permit
Ah, the sweet taste of freedom! Once you successfully complete your MBA program, Canada grants you a post-graduation work permit. This allows you to apply your newly honed skills in the real world for a minimum period of 2 to 3 years. And guess what? Canada goes above by providing you with the opportunity to establish permanent residency, making it even more enticing to build your future there.
So there you have it, folks! From renowned universities to a multicultural feast for your soul, and all at an affordable price, this is a journey you wouldn’t want to miss.
Types of MBA programs in Canada
Three MBA programs that are available in Canada:
|Full-Time MBA||A full-time MBA programme in Canada is ideal for people who want to be leaders in the workplace. This programme is normally 2 years in length, allowing students to completely absorb knowledge and obtain extensive experience.|
|Part-Time MBA||Want to get your management degree while still working? A part-time MBA in Canada provides a fantastic opportunity to achieve just that. The duration of this programme might range from 3-6 years, depending on the university of your choosing.|
|Executive MBA||The executive MBA programme is designed for executives and future managers aspiring to (senior) managerial-level roles. This curriculum can last anywhere from 20-28 months, giving you plenty of opportunity for in-depth learning and skill development.|
Best MBA colleges in Canada
Let’s take a deeper look at Canada’s best colleges and the estimated tuition fees they charge:
1. Rotman School of Management – University of Toronto
Rotman School of Management offers undergraduate, graduate, and doctorate programmes in a variety of fields, with MBA being the most popular. MBA program is a demanding 20-month program that combines 16 months of academic study with a 4-month paid flexible internship opportunity during one of three work semesters.
Average GMAT score: 670
Tuition Fee: CAD 90,000
2. McGill University – Desautels Faculty of Management
When it comes to MBA programmes in Canada, McGill University is among the best. The University recognises the importance of students developing abilities that are in demand globally by employers and works to instil those qualities in their students.
Average GMAT score: 660
Tuition Fee: CAD 99,500
3. Queen’s Smith School of Business
Queen’s University’s Smith School of Business offers a full-time MBA program which also allows you to tailor the program to your specific professional goals. They have a 97% employment rate within three months of graduation and a 90% employment rate before the full-time MBA programme is completed.
Average GMAT score: 650
Tuition Fee: CAD 105,100
4. York University – Schulich School of Business
The Full-Time MBA at Schulich, York University is a 16-20 month programme that provides an integrated approach to general management concepts. The programme includes 18 different specialisations as well as year-round study choices such as full-time, part-time, and accelerated.
Average GMAT score: 667
Tuition Fee: CAD 112,200
5. Ivey Business School – Western University
Ivey Business School is another excellent option for Indian students seeking an MBA in Canada. The one-year MBA programme in this university begins in March, and is intended for high-achieving professionals who want to accelerate their career achievement.
Average GMAT score: 660
Tuition Fee: CAD 126,600
6. Alberta School of Business – University of Alberta
A well-known university for higher education, with 40% international students. This publicly financed school is located in Edmonton, Alberta, Canada.
Average GMAT score: 600
Tuition Fee: CAD 65,000
7. HEC Montreal
In Montreal, Quebec, there is a multilingual business school. This institution
provides BBA, MSc, MM, MBA, and Ph.D. in Administration programmes, as
well as a collaborative Executive MBA programme with McGill University.
HEC Montréal has an amazing 91% placement rate.
Average GMAT score: 640
Tuition Fee: CAD 55,000
8. Sauder School of Business – University of British Columbia
This University of British Columbia faculty is located in Vancouver. For overseas students, this faculty provides MBA, IMBA, MM, B+MM (dual degree), Ph.D. in Business Administration, and BCom courses.
Average GMAT score: 600
Tuition Fee: CAD 75,000
Eligibility for MBA in Canada for Indian Students
To apply for an MBA program in Canada, aspiring students must meet certain eligibility criteria. Let’s break it down for you:
For MBA candidates applying to Canadian universities, there are two main standardised tests that you can take:
GMAT scores are preferred as an entrance exam by the majority of business and management schools in Canada. GRE scores, on the other hand, are now recognised by many MBA programmes.
English Language Proficiency:
To demonstrate English language proficiency in reading, listening, speaking, and writing, applicants must submit:
- IELTS (International English Language Testing System) or,
- TOEFL (Test of English as a Foreign Language) scores.
In addition to standardised exam scores, applicants for MBA programmes must meet other requirements like:
- A Bachelor’s degree from a recognised university is necessary.
- Academic transcripts of past records including grades and courses studied.
- Letters of recommendation from professors or professionals who can speak to their talents, achievements, and potential for success in an MBA programme.
- A written Statement of Purpose explaining why they want to pursue an MBA degree and how it will help them achieve their career goals.
- Professional Certificates (if applicable) to establish their qualifications and experience in a certain subject.
Remember to examine the exact requirements of each university and MBA programme, since their eligibility standards may differ slightly.
- What is the average length of an MBA programme in Canada?
In Canada, the average length of study for an MBA is 1-2 years. Certain universities, however, offer expedited programmes with durations as low as 8 months. For example, Ivy Business School in Canada offers an MBA programme that lasts between 8 months and a year.
- Which MBA specialisation has the highest average salary in Canada?
Finance, Operations, Information Technology, and Human Resources are MBA specialisations that frequently contribute to greater wage prospects in Canada.
- What MBA positions are in high demand in Canada?
There is a high demand for various MBA career roles in Canada. Financial Manager, Operations Manager, Business Analyst, Project Manager, Marketing Manager, Business Development Manager, and Investment Analyst are some of the in-demand roles.
Remember that the work market and wage prospects can fluctuate, so staying up to date on current trends and researching specific industries of interest can help you maximise your career opportunities. Book a free 15-minute consultation call with our expert and get the roadmap to your MBA in Canada 2023. Book now!