The MBA (Master of Business Administration) will prepare you for more than just spreadsheet analysis and team leadership. While it involves a major financial commitment for the future, it can lead to endless job opportunities by the same token. Pursuing MBA from Canada can change your life.
Canadian MBA programs work to create the abilities you need to handle real-world business challenges successfully. Read on to learn why studying MBA in Canada and getting a Canadian student visa is worth it.
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Why Pursue MBA in Canada?
An MBA degree will always help you run a business more efficiently, regardless of whether you work in management or as an entrepreneur. Companies favor employees with strong interpersonal and communication skills and the capacity to resolve complex issues in a challenging work environment.
Here are the benefits of your decision to study MBA in Canada at a glance:
Straightforward visa and admission procedure
Internationally recognized degrees at a reasonable cost (10 universities in Canada rank in the top 200 global universities for MBA!)
Post-study job opportunities
Potential to earn more increases considerably
The high employment rate (universities link to over 5,000 global collaboration agreements)
Getting a work permit and settling down is easy
Types of MBA in Canada
To meet the needs, interests, and requirements of different overseas students, Canadian universities offer a wide variety of MBA degrees. Here’s a list of some of them:
Compared to full-time MBA, this program takes quite a bit of time. It’s better suited to working professionals who intend to finish their degree while holding a part-time job.
Understanding the diversity of the Canadian workforce is necessary to prepare students for their leadership roles when they enter the field. This curriculum typically lasts one to two years, during which you can study full-time. Besides, this offers the chance to collaborate with worldwide experts while gaining business insights.
International students are exposed to global experiences through global courses, integrated curricula, international field study, and many other means.
The Executive MBA is for you if you wish to combine classroom learning with real company experience while working and studying in Canada. The curriculum typically lasts 13 months and leads to opportunities that foster professional and personal growth.
Selecting the Right University – Top Business Schools in Canada for your MBA Degree
Here’s an overview of the top business schools in Canada:
Tuition Fee (1st year)
Rotman School of Management
Queen’s Smith School of Business
Yok University – Schulich
University of Alberta
Ivey Business School
Requirements for MBA in Canada
Universities have their own set of requirements for admission to MBA programs, but the following are the most typical eligibility criteria:
Three to five years of relevant work experience in a comparable subject (institutions prefer students with work experience of at least one year)
Out of 800, you need a minimum GMAT score of 500-700 to enter a decent Canadian institution
A bachelor’s degree from an accredited institution in any field. Most institutions require a four-year bachelor’s degree, but some also accept a three-year degree
Minimum IELTS Scores for Canadian universities
Don’t let a study gap put you off. In Canada, you can get away with it under some circumstances.
The high caliber of education available in Canada provides MBA students with a variety of attractive employment options.
Finance and Consulting: Organizations that provide consulting and financial services continue to be the top employers of MBA candidates. Due to this, many foreign students choose to study MBA in Finance in Canada.
Small and medium-sized businesses (SMEs): These are the industries that hire the most graduates from business schools. Those with specialized training in the management field and an open mind about prospects for additional learning and exposure are given preference.
Technology: With the industry at an all-time high, technology-based businesses provide MBA graduates with the most promising career options.
Co-op education: Also known as cooperative education, this is a program that allows you to work in a sector linked to your field of study. You can continue your studies while gaining practical, program-related employment experience. Thereby, you will create solid relationships that can help you land a job later.
Popular among people with a student visa to Canada are business management skills, accounting, budget management, human resources, office management, and operations management.
Here are some prospective employers:
Business Development Bank of Canada
Ceridian Canada Ltd.
Forazni Group Ltd.
Manulife Financial Corporation
Royal Bank of Canada
Salary After MBA in Canada
A business manager’s salary after studying MBA in Canada averages CAD 69,266 a year.
With less than one year of experience, an entry-level business manager can expect to make an average salary of CAD 55,412 (including tips, bonuses, and overtime). An entry-level business manager with one to four years of experience makes, on average, CAD 59,392. The average annual salary for a business manager in their mid-career with five to nine years of experience is CAD 68,552.
The average annual salary of a business manager with 10 to 19 years of experience in Canada is CAD 79,188. Employees’ yearly average wage of those in their late careers (20 years and up) is CAD 81,347.
Work Permits in Canada After MBA
After completing your post-graduate (PG) degree as an international student, you can stay and work full-time in Canada for up to four years. That’s possible thanks to your Canadian work permit. You have up to 180 days to submit your PGWP application from when your PG studies are finished and when you’ve received your final grades.
Due to internships at reputable management companies and flexible visa requirements, half a million foreign students attend Canadian schools or universities each year. Do you intend to study MBA in Canada but are still determining which universities or programs would be the most suitable for you? Book a free consultation today and let UIS Canada help you get a student visa.