Study Business in Canada

Study Business in Canada

It is common knowledge that international students tend to study business in Canada since the country offers a vast array of high-quality business programs. International students not only study MBA (Master of Business Administration) in Canada but also apply to continuing education certificates, diploma programs, and conjoined bachelor’s degree programs. The reasons to study business in Canada are also clear: career prospects and cushy salary packages.

Having near 25 business schools, Canada has secured its place among the top three countries with the top business colleges in the world. Moreover, international students prefer to study business in Canada due to the lower tuition fees in comparison to the US and UK.

 

Overview of the Programs

To study business in Canada, international students can apply to all levels, such as undergraduate, graduate, and doctoral courses. When you pursue an undergraduate study program, you can get a BA (Bachelor of Arts) or BBA (Bachelor of Business Administration) degree. The duration of the undergraduate business courses is from two to four years, and it depends on the chosen specialization.

When you apply to a graduate study program, you can earn an MA (Master of Arts), MSc (Master of Science), MBA (Master of Business Administration), EMBA (Executive Master of Business Administration), or IMBA (International Master of Business Administration) degree. Obviously, MBA is the most popular graduate study program among international students. As a rule, master’s programs last two years, but the duration of an EMBA is 13 months.

International students who apply to doctorate courses earn Ph.D. degrees. The duration of the doctoral study program is four years. Moreover, international students who want to study business in Canada can pursue various diploma and certificate courses. A recent report of the Canadian Business Journal shows that international students get better job offers when they graduate from top Canadian universities. If you want to study business in Canada, the 2022 QS World University Ranking highlights five top business colleges.

One of the best schools in Canada is the University of Toronto that offers eleven undergraduate degrees and one graduate degree. McGill University offers four bachelor’s degrees, nine master’s degrees, one executive master’s degree, three diploma courses, two graduate certificate courses, and one certificate course. Western University has one MBA course, one EMBA course, and one Ph.D. course. Queen’s University offers one master’s degree course and one Ph.D. course. York University offers eight undergraduate programs and three graduate programs for those who want to study business in Canada.

If you want to study business in Canada and prefer more affordable schools, you can consider Conestoga College, Norquest College, Seneca College, St. Lawrence College, the Memorial University of Newfoundland, University of New Brunswick, Laval University, University of Victoria, and McMaster University.

When you decide to study business in Canada, you will learn the basics of business ownership and management, business law, finance, statistics, and business communications in your first year. Then, you will choose a business specialization to customize your study program. Also, you can get several specializations to have more job opportunities. The most popular specializations among international students are Business Communication, Business Management, Business Law, Marketing, Canadian Business, Professional Business Communication, Business Valuation, Strategic Management in Business, Business Financial Accounting, Human Resource Management in Business, Business Analytics, Business Economics, International Business Administration, Business Entrepreneurship, Business Strategies Specialist, and Business Administration with IT.

Tuition Fees of Study Business in Canada

If you want to study business in Canada, you should research the tuition fees at the educational institutions for international students. To earn a bachelor’s degree at an affordable school, such as Conestoga College, Norquest College, Seneca College, or St. Lawrence College, you should be ready to pay from 15,000 CAD to 20,000 CAD per year.

Considering top business schools in Canada, the Honours Bachelor of Business Administration (Finance) at Sheridan College costs 27,546 CAD per year,  the Bachelor of Business Administration at York University costs 47,874 CAD per year, the Bachelor of Business Administration and Bachelor of Computer Science at the University of Waterloo cost 57,182 CAD per year, the Bachelor of Commerce in International Business at the University of British Columbia costs 66,491 CAD per year, and the Bachelor of Business Administration at the University of Toronto costs 74,470 CAD per year.

If you want to study business in Canada at a low-cost college, you should be ready to pay from 10,000 CAD to 20,000 CAD per year. The Memorial University of Newfoundland, University of New Brunswick, Laval University, University of Victoria, and McMaster University are among the affordable schools in Canada.

Speaking about the best business schools, the Master of Business Administration at University Canada West costs 22,037 CAD per year, the Master of Business Administration in Finance at the University of Alberta costs 39,515 CAD per year, the Master of Business Administration (specialization: Business Analytics) at McGill University costs 60,792 CAD per year, the Master of Business Administration at York University costs 72,190 CAD per year, the Master of Business Administration (specialization: Management) at the University of Toronto costs 83,399 CAD per year, the Master of Business Administration at the University of British Columbia costs 85,489 CAD per year, the Executive MBA at Western University costs 90,808 CAD per year.

If you are going to study business in Canada and earn a Ph.D. degree, you can pay from 7,000 CAD to 21,000 CAD per year. The Ph.D. in Business Administration at McMaster University costs 7,003 CAD per year, the Doctorate in Business Administration at Athabasca University costs 13,395 CAD per year, the Ph.D. in Business Administration (Management) at Saint Mary’s University (Sobey School of Business) costs 14,597 CAD per year, the Doctor of Business Administration at Royal Roads University costs 21,478 CAD per year.

Admission Requirements

Each university has different eligibility criteria to study business in Canada. However, all schools require the candidates to meet the general requirements. If you apply for an undergraduate business program, you need to have a high school diploma or its equivalent. International students also must pass the English proficiency test and get a minimum score of 6.5 in IELTS, 84-95 in TOEFL, or 60-65 in PTE. Moreover, applicants must meet the specific requirements of the chosen schools.

If you apply for the postgraduate business courses in Canada, the general admission requirements include a bachelor’s degree of four years or its equivalent, a high score in IELTS or TOEFL, decent GMAT (Graduate Management Admission Test) score and SOP (Statement of Purpose). Some schools also require international students to have Mathematics as a compulsory subject up to 12th grade. Obviously, the admission requirements depend on the chosen school to study business in Canada, and international students may need to qualify for some other entrance assessments to get admission to their desired colleges.

International students who want to get admission to doctoral business courses may need to pass an entrance test in that specific school, submit an SOP, and get a high score in IELTS or TOEFL test. Language proficiency is a mandatory requirement to study business in Canada and get enrolled in the doctoral study program.

Perspectives of the Future Employment after Study Business in Canada

After studying business in Canada, you can stay and work in the country. Therefore, you have to apply for a post-graduation work permit. When you get work experience in the business sector, you can settle in Canada due to the moderate immigration laws and welcoming nature of the citizens.

You should know that your job offers and salary packages depend on your qualification. In other words, graduates with a Ph.D. degree in business get more work opportunities than ones with a basic bachelor’s degree. Hence, you should decide what qualification you must get to achieve your career goals.

Speaking about the median salaries, the decision to study business in Canada can be lucrative for international students. For instance, the account coordinator can earn 116,000 CAD per year in Canada, while an assistant manager earns near 146,000 CAD per year. Private sector executives can get 155,000 CAD per year, business development manager earns about 174,000 CAD per year, corporate director can earn 186,000 CAD per year, chief financial officer earns near 243,000 CAD per year. One of the highest salaries is in chief executive officer (CEO). They earn near 268,000 CAD per year.

 

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