A Guide to Study MBA in Canada: Eligibility, Top Institutions, Cost

Canada, a top study abroad destination, is known for its leading institutions, affordability, ample work opportunities, and a flexible post-study work visa. When it comes to pursuing a master's or an MBA degree, students are drawn to courses that offer practical exposure. These courses prepare them for high-paying jobs in a thriving corporate industry. This 'Great White North' country is the best option as the educational institutions here emphasize practical learning through co-op programs, internships and more.

In this blog, we will discuss about pursuing an MBA Degree in Canada. Starting from the perks of studying MBA from a Canadian institution, their eligibility requirements, cost of study, application process and more. So, let's begin!

Perks to Study MBA in Canada

Pursuing an MBA degree in Canada can be a remarkable experience in a student's life. Moving ahead, let us understand some advantages of studying MBA in this country:

• Numerous Educational Institutions: Canada is home to over 98 universities and 150 community colleges that give international students an opportunity to choose from a vast pool of options. They get a chance to study in their chosen specialization with any of the educational institutions in Canada.

• Co-operative Education Opportunities and Internships: Canadian institutions offer internships and co-operative opportunities that allow students to gain practical work experience. As a part of these programs, students get a chance to learn real-world skills while simultaneously pursuing the degree.

• Cost-Effective Education: Canada is one of the most affordable study abroad destinations for pursuing an MBA degree. The cost of education in Canada is on the lower side compared to other study abroad destinations like the USA, UK, Australia etc.

• Post-Study Work Permit: After graduation, students can apply for a Post Graduation Work Permit that allows them to work for up to 3 years. Students can work with leading multinational organizations and gain global experience while they are in Canada.

In the next section, let us look at the eligibility criteria for an MBA Degree at Canadian institutions.

Eligibility Requirements to Study MBA in Canada

To pursue an MBA in Canada, students are required to meet certain eligibility criteria. The first and foremost is to have an undergraduate degree from a recognized university. Let's check what other qualifications are required:

• Academic Qualifications: Students should have completed a bachelor's degree in a relevant field with a score of 65% or cumulative GPA of 3.0 (on a 4.0 scale)

• Standardized Tests: To pursue an MBA in Canada, it is mandatory for the students to appear for a GMAT test and English Language Proficiency tests like IELTS, PTE or TOEFL.

• A Statement of Purpose: A statement of purpose is a mandatory requirement that covers students' academic background and reasons why they want to pursue an MBA in Canada.

• Letter of Recommendation: Two Letters of Recommendation from teachers or professors who can attest to the academic abilities and character of the student.

• Work Experience: Even though it is not mandatory to have work experience, most MBA colleges in Canada prefer to admit students with a few years of prior work experience.

Once students meet the eligibility criteria, they can apply to a Canadian institution to pursue an MBA degree.

Top Canadian Institutions to Pursue MBA Degree

Here, we have enlisted the leading Canadian institutions that would help you make an informed decision:

• University Canada West (UCW)
• Thompson Rivers University (TRU)
• Trent University
• New York University of Technology (NYIT)
• Fairleigh Dickinson University
• University of Waterloo
• Vancouver Island University
• Trinity Western University

There are many other institutions that offers an MBA degree in a variety of specializations. Do remember to check that out!

In the next section, we are going to take a look at the cost of study to pursue an MBA degree in Canada.

Cost of Study for MBA in Canada

Here is a comprehensive overview of the cost of studying for an MBA in Canada. To give you a clearer picture, we have divided the expenses into Tuition Fees and Living Expenses:

• Tuition Fees: The tuition fees for an MBA can vary widely based on the institution and duration of the degree program. On an average, the tuition fees range from CAD 25,000 to CAD 60,000 for a year.

• Living Expenses: International students are required to show living proof funds of CAD 20,635 for every year. This cost of living can vary considering the city of residence and the locality.

The universities also offer various scholarships in Canada to support international students, which can also help them reduce the cost of study.

In the next section, let's understand the application process for Canadian institutions.

Application Process & Documents Required to Study in Canada

The application process for Canadian institutions varies depending on the province. In some provinces, students apply through a central application service, whereas in other provinces, they apply directly to the university. Here is the list of documents required for the application process:

• Academic Transcripts
• Test Score Card of GMAT, IELTSn or TOEFL
• Proof of Funds and Bank Statement to support one's stay in Canada
• Proof of employment (if any)
• Statement of Purpose
• Letter of Recommendation

It is recommended that students aspiring to study in Canada should begin preparing for their application at least 8-10 months before the intake month.

In the next section, let us take a closer look at the job opportunities in Canada.

Career Opportunities in Canada for MBA Graduates

Pursuing an MBA degree from a Canadian university can open numerous career opportunities for graduates. Students can work with leading multinational companies in a variety of job roles. Mentioned below are the popular ones:

• Operation Analyst
• Marketing Executive
• Marketing Analyst
• Financial Analyst
• Marketing Manager
• Human Resource Officer
• Business Analyst
• Supply Chain Manager
• Operations Manager
• Human Resource Manager

By working in such dynamic roles, you can surely equip yourself with the necessary skill sets to excel in today's corporate world.

In conclusion, Canada is indeed an ideal study abroad destination for pursuing an MBA Degree abroad. With the most top-ranked institutions and ample opportunities, the country provides an ideal environment for academic, professional, and personal growth. So, take the first step towards your dream of pursuing an MBA in Canada by connecting with your nearest study-abroad consultants. From shortlisting of the institution, application process to Canada student visa, the counsellors will assist you at every stage.