MBA in Canada
Are you looking for an MBA in Canada? Well, you’re not alone! Many students are looking to do the same thing as Canada is becoming a haven for international students.
Canada is one of the top countries international student prefers for studying abroad. It offers affordable education, with world-class best resources, good living standards, a friendly multicultural exposure and most importantly, the opportunity to easily transition from studying to a legal working permit. Besides, Canada features a wide range of industries, a handful of world-class metropolitan cities, and, most importantly, internationally-accredited business schools. Let’s address some of its salient features.
Why Study in Canada?
Let’s Look at the Numbers!
- Canada has 2 B-schools in the top 50 list and 6 B-schools in the top 100 list of QS Global MBA Rankings 2018
- Canada came 14th in the World Economic Forum’s Global Competitiveness Report for 2017-2018, ahead of Taiwan, UAE, Australia, France.
- University of Toronto – Rotman School of Management
- Western University – Ivey Business School
- Queen’s University – Stephen J.R. Smith School of Business
- Schulich School of Business, York University
- HEC Montreal
- McGill University – DesautelsFaculty of Management
- University of British Columbia – Sauder School of Business
- University of Alberta
Powerful Reasons to Study in Canada
|Top-notch education & curriculum||Most flexible education system||Extensive international exposure||Thriving Campus Life||Relaxed Immigration Laws & Stable Economy|
|Quality of education at par with that of USA||Program duration varies between 12-24 months||Diverse Class||Student clubs/organizations||Immigration friendly; Post study stay back option of 3 years|
|Full value of your money||More cost effective as a destination||Cross cultural exposure||Focus on ECA||Strong economy with low unemployment rate|
Average/Median Salaries earned by Canada MBA Graduates & Alumni
Let’s look at the average salaries earned by alumni at some of the top Canadian B-schools:
|University of Toronto – Rotman School of Management||US $ 120,874|
|Western University – Ivey Business School||US $103,560|
|Queen’s University – Stephen J.R. Smith School of Business||US $110,860|
|Schulich School of Business, York University||US $91,860|
|HEC Montréal||US $96 131|
|McGill University – DesautelsFaculty of Management||US $139,318|
|University of British Columbia – Sauder School of Business||US $ 58,174|
Top Functions & Industries (Post MBA) in Canada
- Financial Services
- Technology & Telecommunications
Program Duration & Cost of Education
|Duration||Cost of Education (Tuition & Living per annum)|
|Usually between 12-24 months||Average tuition, living and miscellaneous expenses are around CAD $ 31,000-51,000 In some top ranked universities the amount can be up to CAD $105,690 for two years.|
Eligibility Criteria for MBA Programs
|Strong Academic Credentials||Standardized Test Scores||Strong Extra Curriculars|
|4 year Bachelor’s degree from a well-recognized and accredited university Very few Canadian universities accept three-year undergraduate degrees||Competitive GMAT score IELTS (At least 6.5 band score) or TOEFL iBT (minimum 100 score)||Work experience between two to five years Strong Extra Curriculars & Community Service experience|
During your MBA program, you can work for a maximum of 20 hours per week.
Average GMAT & Work Experience at Top B-Schools
|B-School||Average GMAT of Class||Average Years of Work Exp. of Class|
|University of Toronto – Rotman School of Management||665||4.3 years|
|Western University – Ivey Business School||665||4.6 years|
|Queen’s University – Stephen J.R. Smith School of Business||650||5 years|
|Schulich School of Business, York University||660||5 years|
|HEC Montréal||625||7 years|
|McGill University – DesautelsFaculty of Management||650||5 years|
|University of British Columbia – Sauder School of Business||650||5 years|
|University of Alberta||619||3.84 years|
Intake & Application Deadlines
There are two application intakes – Fall & Spring; however, the Fall intake is the most preferred intake by B-school applicants.
The deadline for Fall (September) intake is from December to April and Spring (January) intake is from May to August. Many programs also have rolling application deadlines.
Student Visa Terms and Provisions
A Canadian student visa is referred to as a ‘Study Permit.’ The Immigration, Refugees and Citizenship Canada (IRCC) website always has updated information about the latest visa and immigration requirements and students should study the application requirements before applying for a visa.
- To apply for a Study Permit, a student should have received admission from a university that is listed under Designated Learning Institutions (DLI) list authorized by IRCC.
- Once a student has received admission, they can submit their visa applications at any VFS centers or file their application online via the IRCC website.
- The visa application also requires the submission of visa documents such as passport sized photos, a valid passport, an admission letter from the university, financial and academic documents, test scores, fee receipt (mandatory), scholarship and work experience documents (if applicable) and a medical report.
Post-Study Stay Back Options
After completing a two-year, fulltime MBA, graduates can stay in Canada for up to three years. During this time, candidates can enrol in the immigration process to earn their legal right to work. Also, a graduate from a DLI institution is eligible to apply for a Post-Graduation Work Permit (PGWP). The PGWP is never more than the length of the applicant’s course duration. For course duration of less than eight months, no work permits are issued. For course durations that are less than 2 years, work permits are issued that are equal to the course duration. Qualified graduates with an MBA can apply for work permits through Express Entry.