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Having a sense of market scenarios and applying it to practical situations is what makes any business successful. In the last decade, MBA or Masters in Business Administration has gained broad exposure. People with a qualified MBA degree are touching the pinnacle of success in all industries. However, this degree will stand out if it is from a reputed University. Accompanied by experienced faculty, established infrastructure, and structured academic courses, a student can easily create a career in Business Management. The growth possibilities in this field are immense, making it a stream that will never fade from the limelight. The Canadian Job market is predominantly occupied by small and medium enterprises. These create a demand for 150,000 professionals every year and create 60% of total employment opportunities in the country.
At the outset, we have to understand what are the reasons people are opting for MBA in Canada. Canada is beautiful and provides a high quality of life as a country. Apart from that, there are some more reasons why people want to pursue an MBA in Canada.
There are different types of MBA that Canada offers. Usually, the course type varies according to its duration: they do this to ensure that the students can choose as per their requirements.
Some documents are essential for admission to an MBA in Canada. This list will vary from one University to another.
The Statement of Purpose is simply an essay of 1000-1500 words. This essay highlights why the applicant wants to opt for an MBA from that University. Your SOP should showcase your personality, future plans after the course gets over, and any other topics you would want to talk about.
A letter of recommendation comes from a person who has analyzed your caliber and abilities. The letter should be written in simple terms and highlight your achievements and laurels. Most Canadian Universities pay a lot of attention to these letters. It is one significant criterion to see if your profile suits their institute or not.
If you do not have a GMAT score to present, some Universities do accept students without the GMAT score. But these institutes may have some other requisites like specific years of Work experience, minimum GPA level, etc. They might also expect you to have a particular TOEFL score proving your caliber.
To acquire admission for MBA in Canada, you must have any of the following:
Next, you should know the procedure you must follow to apply for an MBA course in Canada.
The Universities in Canada offer extensive yet affordable MBA courses. The pursuit of an MBA degree in Canada is relatively cheaper compared to any other country. Here we are going to tell you some of the best MBA colleges in Canada.
|University||Global ranking||University Rank|
|Rotman School of Management||45||1|
|Robert H. Smith School of Business||66||3|
|Ivey Business School||69||4|
|Schulich School of Business||88||5|
|Sauder School of Business||94||6|
|Alberta School of Business||101 – 110||7|
|John Molson School of Business||121 – 130||8|
|HEC Montréal||141 – 150||9|
As mentioned above, Universities expect the students to have IELTS or TOEFL scores. Their minimum scores should be:
Moving on, let us have a look at the Top MBA courses in Canada.
Let us now look at the cost of doing an MBA in Canada. Actually, education in Canada is pretty affordable. This, coupled with the quality of living, makes it a highly popular study option.
|Type||Cost (Indian Rupees)|
|IELTS/TOEFL Fees (One time)||15,500/13,700|
|Application Fees (One time)||3700-14831|
|Tuition fees (Yearly)||Up to 59 lakhs|
|Books (yearly)||1 Lakh|
|Visa Application (One time)||8700|
|Health Insurance ((yearly)||Starting from 15,000|
|Air tickets (one time)||1.2 lakhs|
Apart from all the above, the Canada Government has many scholarships to offer. Some of them which are hugely popular are:
|Scotiabank Scholarships||Schulich School of Business||20,000|
|MBA Excellence Award||Rotman School of Management||20,000|
|Global Business Leader of Tomorrow||Sauder School of Business||10,000 to 15,000|
|Ivey MBA Scholarship||Ivey Business School||10,000|
|MBA Entrance Scholarship||Haskayne School of Business||7500 to 11,500|
|MBA Admission Award||DeGroote School of Business||1000 to 10000|
|MBA in-course & Entrance Scholarship||DeGroote School of Business||500 to 1000|
|Hardeep Grewal MBA Scholarship Endowment||Concordia University||Variable|
An MBA degree holds a lot of promise in any company. Every year firms hire around 150,000 jobs that deal with this profession. Small and medium-sized firms are growing at a rapid pace in the country. Such firms actively look to fill positions like:
As the requirements for MBA professionals increases, the possibility of studying management in Canada is quite exciting. The Canadian Government is also trying its best to support management graduates. It seamlessly awards work permits, making it simple for the MBA pass-outs to start working. The requirements for a work permit are as follows:
The admission process for MBA in Canada is extensive. It would be best to start with the work at least 12-15 months prior to joining the course. This would give you enough time to decide which University to apply for and complete the paperwork.
The MBA stream is growing globally at a rapid pace. If you want to complete your MBA in Canada, you may contact our team. We will guide you in finding the exact requirements for admission to Canada. With our support, you might bag a prestigious seat and make headway in this field.