To enrol for an MBA in Canada, students need to know several details like eligibility criteria, fee structure, scholarships and career scope for the future.
Being the second-largest country in the world, Canada has lots to offer for both tourists and students. With hundreds of national parks, lakes, mountains, and other sights to adore, the Canadian landscape is also famous for being dotted with several renowned and highly accredited public and private universities. Students from across the world who want to pursue an MBA in Canada, usually also have plans of seeking employment there as well. Although there are several points of attraction that pull international students towards Canada, its colourful cosmopolitan demography is something worth experiencing. With more than 250 different ethnicities residing within Canada, international students from across the globe feel right at home in Canada.
Benefits of Studying MBA in Canada in 2021
Studying graduate or postgraduate courses in Canada come with their unique perks, one of which is subsidies on travel with the help of an international student identification card. Moreover, the student-friendly atmosphere of Canadian cities like Toronto, Montreal, Vancouver, Ottawa, Edmonton, and Calgary makes studying MBA in Canada quite a rich experience. Apart from the vivid multiculturalism, the other benefits of studying such postgraduate courses in Canada are:
Business schools in Canada that have comprehensive MBA programs offer international students with diverse exposure to international business, as well as the opportunity for lucrative scholarships.
Studying MBA in Canada is considered highly affordable as compared to the USA, UK, and Australia in terms of both course fees and costs of living. With such a value for money education, Canada has become the go-to destination for students aspiring to be future business leaders.
Rankings and accreditations like the Times Higher Education, QS Research, and Academic Rankings of World Universities, have ranked Canada as one of the top countries for international education. Most of the best institutions for studying MBA in Canada are ranked quite high in these lists of international rankings.
Studying an MBA in Canada requires students to have certain specific qualifications because the universities offering quality postgraduate programs in business have high standards for admission. In order to apply and get accepted at prominent business schools of Canada, here are the specific eligibility criteria that students need to meet:
The minimum qualification of students who want to pursue an MBA in Canada from renowned universities is a graduate degree. This degree can usually be from any discipline but should be from a well-reputed university.
Although this is not a mandatory requirement, most Canadian universities give greater preference to students who have prior work experience in a relevant professional field.
English Language Proficiency
Securing good grades in English language proficiency tests like the TOEFL, the PTE, or the IELTS, is a mandatory requirement for students seeking to study MBA in Canada.
A Good GMAT Score
Moreover, some of the top business schools in Canada require applicants to have a good GMAT score to be able to qualify for admission.
To study for an MBA in Canada, students need to be aware of the fee structure of several prominent Canadian universities. The fee structure of most MBA programs in Canada ranges from 32,000 USD to 90,000 USD, which equates to 24,00,000 to 65,00,000 INR for Indian students. However, there are several other universities in Canada where the course fees for an MBA course range from 5,000 to 13,000 USD as well (i.e., 3 to 10 Lakhs INR). Apart from these, the initial amounts that need to be paid are with regards to the TOEFL fees, IELTS fees, Visa application fees, and health insurance, which can be 160-250, 185-190, 178, 10,000 USD respectively.
With such demanding fee structures of some of the most renowned Canadian business schools, students looking to study MBA in Canada are inclined to secure academic scholarships. To ease this pressure on international students, there are several scholarship programs offering meritorious students a chance to pursue promising career prospects in Canada. Scholarship programs for studying MBA in Canada range from 1,500 to 10,000 USD and this translates to 1 Lakh to 7 Lakhs INR for Indian students.
The best part about studying for an MBA in Canada is that international students who have completed a full-time MBA course have the added benefit of receiving a 3-year work permit in Canada. With a diverse business sector that operates on a global scale in Canada, numerous employment possibilities are opened up for such students, like:
Small and Medium Enterprises
Canada has a large number of Small and Medium Enterprises (SMEs) looking for competent MBA graduates to help manage their businesses. Indian and international students have a wide scope of employment in this sector.
Finance and Consulting
Financial service firms and consulting companies are the top recruiters of graduates of MBA in Canada. There are numerous such renowned organisations in Canada and this is why many students opt for an MBA in Finance when studying in Canada.
Even the technology sector which is one of the most rapidly developing segments of international business, looks to hire MBA graduates in Canada to form the strategic decision-making teams of their organisations.
Application Process for Studying MBA in Canada
To apply for an MBA in Canada, students need a certain set of documents. These include:
These include all previous academic records from school to the graduate level.
Standard Eligibility Test Results
These include results of tests like the TOEFL, IELTS, and PTE, along with the optional GMAT.
These should reflect the financial position of the student or their parents/guardian(s).
Documents of previous work experience are preferred by many universities.
Letter of Recommendation
This can be acquired from previous employers or supervisors/faculty at the graduate level.
This is an essay that needs to be written for universities to evaluate the competencies of the applicant.
Last but not least, all necessary documents related to the student visa are to be applied for an MBA in Canada.
The Real Value of Such MBA Courses
Upon understanding the eligibility criteria, the fee structure, the opportunity for scholarships, and ways to apply, MBA aspirants can be well-equipped to pursue their dream career in one of the most developed economies of the world. Therefore, judging from all of this, studying MBA in Canada is perfect for students who seek to secure a prosperous future in the field of business. So, hurry up and open the gates of success by beginning your application process to go study MBA in Canada. Avail study abroad counselling at Mindler!