MBA in Canada: What You Need to Know for 2024

1. Why MBA in Canada?

Beautiful scenery, world-class universities, and excellent quality of life are just a few of the reasons why international students prefer Canada for their higher education. This is far too certain for students interested in pursuing an MBA. The average annual fee to pursue an MBA in Canada ranges from 30,000 CAD to 1,26,000 CAD, depending on the programs and university per year. Exciting, right? So, what makes pursuing an MBA in Canada unique?

• According to the global MBA ranking, 28 business schools in Canadian universities are ranked this year.
• Business management programs are among the top ten subjects in Canada that international students prefer.
• Excellent post-study job opportunities for MBA candidates! The Canadian government encourages the growth of SMEs and startups, which increases the demand for MBA candidates.

2. Types of MBA in Canada

A Master of Business Administration degree is now available in a variety of specializations. In general, courses can be chosen based on several important factors, including the course's area of interest and duration. Generally, MBA programs in Canada can be broadly classified based on course length. You'll have a clearer picture of which course to take.

3. Top MBA Schools in Canada for Indian Students

Canada is one of the preferred destinations for international students pursuing management programmes. This is primarily due to the excellent track record of academic programs at Canada's leading universities. MBA universities in Canada have drawn international attention for their ability to prepare students to meet the demands of the global market. If you are studying management programs in Canada which are less expensive than in other global destinations.

According to the QS Global MBA Rankings of 2024, Canadian business schools and universities are ranked among the top 100 in the chart. We selected the Top Universities for you to save you time and effort in selecting the best one.

4. The Best MBA Programs in Canada

There are some most popular MBA programs in Canada for international students.

5. Preparation Costs for MBA in Canada

Because of the increased demand from aspirants, management programmes now offer a wide range of specializations. Top universities are offering top-tier MBA courses to international students to provide students with global business exposure. When considering the various course selection factors, one of the most important is cost. If you are considering pursuing an MBA in Canada, here is an excellent resource that will keep you informed about financial planning.

6. MBA Tuition Fees in Canada for Indian Students

The tuition fees for MBA programs in Canada for international students can vary significantly depending on the university and the specific program. On average, the tuition fees for international MBA students.

7. Cost of Living in Canada

For overseas students, the typical cost of living in Canada is estimated to be roughly 750 to 2200 Canadian Dollars per month. While studying in Canada, this may change depending on a variety of variables, including your lifestyle, accommodations, mode of transportation etc. Here is a table of the monthly expense in Canada for an international student before we get into more detail about each of these things:

8. MBA Documentation Requirements in Canada

In general, certain documents must be submitted to the respective Canadian university. These specifications may differ from one another. However, we are providing you with the typically expected documents, which are listed below:

• Academic transcripts and certificates
• Proficiency exam scorecard
• Account Statements
• Proof of work experience (if any)
• LOR stands for Letter of Recommendation (at least 2)
• MBA Statement of Purpose Essays (if needed)
• Photographs of updated CV/resume
• Visa

9. Indian Students' MBA Eligibility in Canada

Studying for an MBA in Canada is simple if you meet the university's eligibility requirements. The following are some basic criteria to help you prepare ahead of time.

• International students must have a bachelor's degree or its equivalent from a recognized institution in any discipline.
• Practical and experiential learning are essential components of management programs, and work experience is also important. Include your work experience certificate to gain an advantage over other applicants.

10. What Exam is Mandatory for MBA in Canada?

Universities expect English proficiency test certificates such as TOEFL and IELTS, which students should have: 

• TOEFL: 90+.
• IELTS: 6.5 to 7.0 
• GMAT: Minimum score should be 550

11. Top MBA Scholarships in Canada for Indian Students

It is simple to obtain a suitable scholarship! For international students pursuing a master's degree in Canada, there are over 5000 scholarships available, including government, non-government, and institutional scholarships.

• Robert Krembil Scholarship of Merit
• The Goldberg Leadership Award of Excellence
• Seymour Schulich MBA Entrance Scholarship
• Tanna H. Schulich MBA Entrance Scholarship
• Heather L. Main Scholarship (Women in Capital Markets)
• Scotiabank Scholarship in International Business

12. Jobs Opportunities After Completed MBA in Canada

MBA graduates from Canada with a global-value degree are among the most sought-after professionals for a variety of positions. Opportunities abound in Canada, with approximately 150,000 jobs available from medium and large businesses. This is primarily due to the increased participation of SMEs, which are the backbone of the Canadian economy. Small and medium-sized businesses and startups are competing to hire MBA graduates for competitive salaries.

13. Work permit in Canada After an MBA

Aspirants prefer to stay and work in Canada because of the vibrant, multicultural society and growing demand for business graduates. After completing their MBA programs in Canada, graduates are welcomed by the Canadian government. As a result, obtaining a work permit after completing an MBA is simple and painless in Canada. Yes, you can obtain a work permit quickly and easily by taking a few simple steps.

We gathered some important information about the Work permit policy after MBA, which is listed below.

• After graduation, international students have 180 days to apply for a post-graduation work permit.
• Graduates can work in any company in Canada, which is another advantage of having a work permit policy.
• Graduates can stay in Canada for three years with work permits.

It's no surprise that Canada is the most popular international student destination. Obtaining an MBA from Canada enhances your professional expertise, which is recognized globally. Furthermore, the Canadian government's welcoming policies and regulations encourage international students to pursue management programs. Obtaining expert advice is unquestionably necessary for making sound decisions about MBA specialization and universities.

14. Conclusion

Pursuing an MBA in Canada offers numerous benefits for international students. With its top-ranked business schools and diverse range of specializations, Canada provides excellent opportunities for career growth and development. The country's welcoming policies, post-study work permits, and abundant job prospects in various sectors make it an attractive destination for MBA graduates. Moreover, the affordable cost of living and scholarships available further add to the appeal of studying in Canada. Overall, obtaining an MBA from a Canadian university equips students with global exposure, valuable skills, and a well-recognized degree, setting them on a path to success in the dynamic business world. Contact us for upcoming 2024 intake.

15. Who We Are!

If you are planning to do an MBA in Canada or to study abroad but don’t know how to go for it and whom to ask and what the abroad universities to look for in their applicants, then use Career Clinic’s free counseling service to get started with your study abroad journey! Our expert study abroad counselors will help you to solve every query of yours. Contact us today!