Canadian MBA programs aim to give you the skills you need to manage business challenges successfully. Here’s why you should study MBA in Canada, the types of MBA, and everything else you need to know.
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Reasons to Study MBA in Canada
Whether you work in management or as an entrepreneur, an MBA will always help you operate a business more effectively. Employers choose candidates who can work well with others, communicate well, and handle complex problems in demanding work environments.
These are the benefits of studying MBA in Canada:
Simple visa and admission process
Internationally recognized degrees at an affordable price (10 universities in Canada rank in the world’s best 200 universities for MBA)
Potential to earn more increases tremendously
A high employment rate (universities link to more than 5,000 collaboration agreements worldwide)
Post-study career opportunities
Obtaining a work permit and settling down is straightforward
Canada’s MBA Types
Canadian universities provide a wide range of MBA degrees to cater to the needs, interests, and requirements of international students. Listed below are some of the MBA types in Canada:
To be prepared for leadership responsibilities upon entering the sector, it is vital to understand the diversity of the Canadian workforce. You can study full-time for the duration of this curriculum, which usually lasts one to two years. Additionally, this allows you to work with professionals worldwide while learning about business.
Through global courses, integrated curricula, international field studies, and many other opportunities, international students are exposed to global experiences.
This curriculum takes longer compared to an MBA program that is full-time. It is more appropriate for working adults who want to complete their degree while working part-time.
The Executive MBA is for you if you want to learn in the classroom and gain practical business experience while working and studying on a Canadian student visa. The standard 13-month program provides possibilities for both professional and personal development.
Choosing the Right University – Canada’s Best Business Schools for your MBA Degree
Here’s a list of Canada’s best business schools:
Tuition Fee (1st year)
Rotman School of Management
Queen’s Smith School of Business
Yok University – Schulich
University of Alberta
Ivey Business School
Canada’s Requirements for MBA
While each university has its own set of requirements, the following are the most common eligibility requirements for MBA admission:
You need a minimum GMAT score of 500-700 out of 800 to get into a prestigious Canadian institution
You need to have three to five years of relevant work experience in a related field (institutions favor students with at least one year of work experience)
Out of 800, you need a minimum GMAT score of 500-700 to enter a decent Canadian institution
A bachelor’s degree in any field from a school with accreditation. Most institutions demand a four-year bachelor’s degree; however, some will accept a three-year degree
Minimum IELTS Scores for Canadian universities
Don’t let a study break discourage you. There are some situations in Canada where you can get away with it.
MBA students have access to a wide range of desirable work choices thanks to the excellent standard of education offered in Canada.
Small and medium-sized businesses (SMEs): These are the sectors that employ the highest number of recent business school grads. Preference is given to those with management-specific training and an open mind about opportunities for further education and exposure.
Finance and Consulting: The top employers of MBA candidates continue to be businesses that offer consulting and financial services. As a result, many international students select to study for an MBA in Finance in Canada.
Co-op education: This program, also known as cooperative education, enables you to work in a field related to your subject of study. You can continue your education while doing a job that is linked to your curriculum. Doing this will build trusting relationships that could help you find employment.
Technology: With the market at a record high, enterprises centered on technology offer MBA graduates the most promising career opportunities.
Business management expertise, accounting, budget management, human resources, office management, and operations management are in demand among people on student visas.
These are prospective employers:
Business Development Bank of Canada
Ceridian Canada Ltd.
Forazni Group Ltd.
Manulife Financial Corporation
Royal Bank of Canada
Wages to Expect After Studying MBA in Canada
In Canada, the average annual compensation for a business manager is CAD 69,266.
An entry-level business manager can anticipate earning an average income of CAD 55,412 with less than one year of experience (including tips, bonuses, and overtime). The typical salary for an entry-level business manager with one to four years of experience is CAD 59,392. A mid-career business manager with five to nine years of experience can expect an average yearly salary of CAD 68,552.
In Canada, a business manager with 10 to 19 years of experience makes an average yearly pay of CAD 79,188. The annual average wage for workers in their late careers (20 years and up) is CAD 81,347.
Work Permits After Studying MBA in Canada
As an international student who has successfully completed a post-graduate degree, you can live and work in Canada for up to four years. You have up to 180 days from completing your PG studies, and you receive your final marks to submit your PGWP application.
Every year, half a million overseas students attend Canadian colleges and universities because of the flexible visa rules, internships at reputable management organizations, and other factors. Studying MBA in Canada is well worth it.
Are you planning to study MBA in Canada but are still deciding which universities or courses would be best for you? Arrange a free consultation today and speak with a knowledgeable counselor of Great North Visa.