Are you an MBA aspirant searching for a course abroad with a low fee structure? If yes, then pursuing an MBA in Canada is one of the most effective and pocket-friendly options for you.
Canada has been an extremely popular destination among the international MBA aspirants for quite some time now. The country has a publicly funded higher education system, and hence, the universities in the country are known for providing high quality education at an affordable cost. Apart from the aforementioned reasons, there are several other benefits for pursuing an MBA from a Canadian university. If you are wondering what those benefits are, this article will explain the top six reasons to study MBA in Canada. So, Read on.
MBA in Canada
As mentioned above, Canada is one of the popular study destinations offering top education and employment opportunities for the international students. Canada’s friendly immigration policies and ease of getting work visas are two of the top factors that attract students. Besides, MBA students can get a work permit visa with a validity of up to three years after they graduate or, sometimes even permanent residency.
The Canadian government is constantly framing new policies to attract more international students. For instance, the government has introduced an International Education Strategy to focus on maintaining the global position of the country in higher education. Besides, Global Affairs Canada has unveiled a new education brand called EduCanada, a marketing initiative that will ramp up the country’s reputation as a best-in-class destination by showcasing Canadian MBA schools in six high-growth markets: Brazil, China, India, Mexico, North Africa, and the Middle East.
MBA Courses Offered
The universities in Canada provide a wide range of MBA specializations for you to choose from. Here are some of popular specialization courses in MBA:
- International Business
- Master of Science in International Business (MSciIB)
- Executive MBA
- Executive Management
- Digital Transformation
- Health Sector Management
Top Six B-schools in Canada
Canadian b-schools offer MBA programs — both short term and long term. However, candidates won’t be able to pursue an MBA in Canada without GMAT. The average GMAT score range for the top Canadian b-schools is between 640 – 680. However, any score that is more than 600 is considered highly competitive. But, work experience is not mandatory for pursuing an MBA in Canada. You can pursue an MBA in Canada without work experience as well.
Given below is the list of b-schools for MBA in Canada for Indian students.
|University||Average GMAT Score||Tuition Fee (Approx)|
|McGill University||675||CAD 99,500|
|York University||660||CAD 106,900|
|University of Toronto||678||CAD 131,120|
|Ivey Business School , Western University||660||CAD 120,500|
|Queen’s Smith School of Business||654||CAD 102,100|
|HEC, Montreal||630||CAD 54,000|
Top Six Reasons Why You Should Pursue an MBA in Canada
(i) Quality of Education
Canada is becoming a hub for international students owing to the high quality education universities provide. Every year thousands of international students enrol themselves for various courses at Canadian universities. An MBA from a top Canadian university is highly valued on a global level as well. The quality of education imparted by top Canadian universities is at par with the top universities located in either the US or the UK. Canada is home to some of the top b-schools around the world. Besides, six business schools in Canada are listed among the top 100 b-schools in the world.
(ii) Affordable Fees
The fees for MBA in Canada for international students is comparatively lower as compared to the fee charged by other top b-schools in the US or UK. Hence, it is one of the most preferred places for higher education among international students. The b-schools offer fellowships to meritorious students and provide several need-based scholarships as well. Besides, the Canadian government also offers scholarships to international students, which enable them to pursue higher education without experiencing any financial difficulties.
(iii) High ROI
The courses offered by the Canadian universities are known for providing a high rate of return on investment, graduation outcomes, diversity and post-degree employment.The demand of MBA grads is increasing as Canadian industries continue to expand at a rapid rate. This expansion enables the fresh MBA graduates to find highly rewarding jobs that are related to their core interests. More so, the vast number of job opportunities allow students to repay their loan rather quickly.
(iv) Relaxed Immigration Laws
Once you graduate from Canadian universities, you are allowed to work in Canada for two years. After completing one year, you can apply for permanent residence in Canada as well. The immigration laws in Canada are quite straight-forward and not as painstaking as they are in countries like the USA.
(v) Stable Economy
Canada has a highly developed mixed economy. It offers a high standard of living to the residents as well as the international students. The good state of the economy is also beneficial for you as it opens the door to more job opportunities. Canada’s economy is heavily dominated by the service industry, which employs about three quarters of the Canadians.
(vi) Employment Opportunities
You will get the chance to take up part-time jobs both on and off-campus while pursuing an MBA in a Canadian university. On-campus jobs do not require any work permit and you are allowed to work up to 20 hours in a week. Upon the completion of your graduation degree, you get a plethora of job opportunities in technical fields. If you have good technical skills, it is easy to find jobs in the top companies. Besides, Canada is one of the global leaders in the software industry as well, which means you can easily find a job, once you graduate.
MBA in Canada Salary
According to Payscale, an organization that provides compensation data, a student who has graduated from a top Canadian university could get an average salary of CAD 83,000. Here’s a table that will help you get an overview of salary structure after MBA based on the job profiles.
|Job Title||Salary in CAD|
|Financial Controller||$ 90,965|
|Management Consultant||$ 85,555|
|Marketing Manager||$ 74,593|
|Financial Analyst||$ 60,686|
Pursuing an MBA from Canada can accelerate your career trajectory and will help build a lucrative career in the global business market. Moreover, Canada has a friendly immigration policy and a straight-forward system for the international students. Besides, the Return of Investment, Quality of Education etc., are highly attractive, henc, this makes Canadian colleges stand in par with the universities in the UK or US.