Study MBA in Canada
Study MBA in Canada
If you wish to gain business knowledge and become a valuable employee, you ought to get an MBA (Master of Business Administration) degree. Considering studying MBA abroad, you should know that Canada has one of the best MBA programs in the world. Study MBA in Canada is an affordable way to get a high-quality, internationally recognized degree.
Overview of the MBA Programs
Now it is time to discuss the study MBA in Canada in more detail. There are several kinds of MBA degrees, but the most popular are full-time MBA, part-time MBA, and executive MBA.
Full-time MBA programs last for two years, and as you understand, the students need to devote all their time to the study. Part-time MBA programs usually last 3-6 years, depending on the school you choose to study MBA in Canada. This option is designed for fresh graduates who cannot study full-time and students who want to combine work and study.
Executive MBA programs last for 13-20 months and are suitable for executives and professionals who want to improve their knowledge and skills. As a rule, individuals should have at least 8-10 years of work experience. For instance, Rotman School of Management (University of Toronto) and Schulich School of Business (York University) offer Executive MBA programs.
Additionally, international students can apply for joint MBA degrees and dual degrees (MBA/JD or MBA/MFA/MA). A joint MBA degree is a combination of International Relations with Pharmacy, Law, and Engineering. In its turn, dual degree programs allow international students to obtain two degrees such as MBA/JD (Master of Business Administration/Juris Doctor), MBA/MFA (Master of Business Administration/Master of Fine Arts), or MBA/MA (Master of Business Administration/Master of Arts).
Many international students who come to study MBA in Canada, choose to pursue MBA in Finance, IMBA (International MBA), and an MBA in HRM (Human Resource Management). The duration of the MBA in Finance program in Canada is two years. This program deals with different aspects of Finance Studies such as Corporate Finance, Market Finance, Portfolio Management, Financial Reporting and Analysis.
IMBA program typically lasts for 20-28 months. The International MBA program provides students with business insights and allows them to work with the most successful industry leaders. Pursuing this program, students deal with global business practices, including global courses, integrated curriculum, international field study, and many others.
Although MBA in Human Resource Management is not often available in Canadian universities, international students are interested in pursuing this program. It focuses on employee management and trains students to hire, train, and manage personnel in firms and corporations. If you want to study MBA in Canada, you can also choose to specialize in Accounting, Business Analytics, Marketing, Digital Marketing, Hospitality Management, Tourism Management, Supply Chain Management, and so on.
As a rule, the study MBA in Canada program lasts for 1-2 years, but some schools offer accelerated programs that can be shorter than a year. For example, Ivey Business School offers a one-year MBA program and an accelerated MBA for eight months. Similarly, the Rotman School of Management offers a part-time MBA for up to 32 months and a full-time MBA for two years.
It might be useful to know that you can study MBA in Canada in one of the top 100 universities in the world: Desautels Faculty of Management (McGill University), Ivey Business School (Western University), Sauder School of Business (University of British Columbia), Schulich School of Business (York University), Smith School of Business (Queen’s University), and Rotman School of Management (University of Toronto).
Tuition Fees
To study MBA in Canada, international students can be expected to pay from 32,000 CAD to 89,000 CAD a year. However, international students can choose to study MBA in Canada in more affordable schools. The University of Alberta, University of Saskatchewan, University of New Brunswick, Memorial of University Newfoundland, University of Calgary, Laval University, Carleton University, Ryerson University are among the schools that offer inexpensive MBA programs.
For example, one year of MBA study at the University of Saskatchewan can cost 4,991 CAD, at Memorial of University Newfoundland – 9,572 CAD, at Carleton University – 10,977 CAD. The main advantage of a study MBA in Canada is that you can choose a high-quality program for an affordable price.
Admission Requirements
If you want to study MBA in Canada, you need to meet several admission requirements.
- You need to have a bachelor’s degree (no less than 76%). If you have not completed the previous study in Canada, you need to submit transcripts, scanned copies of your official study documents.
- You need to pass an English language proficiency test (IELTS score no less than 7.0) if you are an applicant from a non-native English-speaking country.
- You should pass the GMAT (Graduate Management Admission Test).
- You need to have previous work experience (3-7 years). You should submit a one-page resume that has the details of your employment history. It should be a professional resume with a record of your academic qualifications in reverse chronological order.
- You should submit Letters of Recommendation or Letters of Reference. The applicants must submit no less than two professional letters of recommendation. They must be directly from people who have been responsible for evaluating your work performance and potential.
- You need to write an essay. As a rule, a strong application essay is a deciding factor during the admission process. Applicants are asked to explain why they should be admitted for the MBA program.
- You should pass an interview. After an initial review of applications, admitted students are asked to pass the interview via Skype.
In addition to these requirements, each school can have other document requirements for study MBA in Canada.
Although the top Canadian universities require a GMAT score and work experience, many universities admit students without GMAT or work experience. If you want to study MBA in Canada, but you do not perform well in tests, you are not required to pass the GMAT. You will be evaluated on your analytical, communication, decision-making, and leadership skills during the admission period. Among the schools that admit students without GMAT scores are the Schulich School of Business and Smith School of Business.
Even though it is not mandatory to have work experience to study MBA in Canada, the information on the schools’ websites implies that they prefer students with 3-4 years of work experience. If you want to study MBA in Canada but you do not have work experience, Cape Brenton University, University of Windsor, and Brock University and others can give you this opportunity.
Perspectives of the Future Employment
As a rule, after completing the study MBA in Canada, many international students choose to stay in the country. Graduates can apply for a 3-year post-graduation work permit or a temporary work permit. Canada also has several immigration programs, such as Express Entry, for foreign nationals who want to live and work in Canada with MBA degrees.
The second-largest country in the world offers various work opportunities for MBA graduates. After the study MBA in Canada, individuals can work in small and medium-sized enterprises, Finance, Consulting, Technology, and many other fields. One of the largest hiring sectors of MBA students is small and medium-sized enterprises. MBA students consider this option as a great opportunity for professional growth.
Traditionally, financial services organizations and consulting firms are the main employers of MBA students. Consequently, international students, who want to stay in Canada, apply for MBA in Finance. Nevertheless, technology-based companies are the most desirable career choice for MBA students.
Speaking about the salaries, MBA graduates can earn from 80,000 CAD to 200,000 CAD per year in Canada. For example, the average annual salary of an executive director is 80,000 CAD, a project manager earns 138,000 CAD per year, a business advisor can earn 141,000 CAD, and a strategy director earns 200,000 CAD per year. In other words, the study MBA in Canada opens limitless opportunities for career development.
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