In a global economy, knowledge about the international markets and how business is conducted worldwide can help you understand the financial knick-knacks of the world. A degree in international business management can help you achieve that. International business management is a specialisation usually provided as part of a broader master’s degree. Read on to learn how you can study International Business Management in Canada, which colleges are the best option for you and how you can get into them.
International Business Management in Canada 2022
International Business Management is a specialised degree focusing on studies about international business, finances, and markets. A course in international business management focuses on the following aspects:
- Movement of products and services in a global supply chain
- Statutory and regulatory compliance
- Cultural etiquette
- International business plan and protocol
- Ethical standards
- Legal practices
- International Finance
- Global business management
- International trade finance
- International marketing plan
- International payment instruments and options
- Foreign exchange strategies
- Human resource strategies
International business management is a specialisation within a postgraduate programme. It is also offered as a co-op degree by the name of the Management and International Business (MIB) co-op program in some institutes. A certificate or diploma is provided to you at the end of the programme that qualifies you to work in international business. In regards to Canada, international business management is offered in MBA and MSc degrees. An MBA in international business can be the best option for you as it is a prestigious degree and provides better job prospects to its graduates. Graduates receive their graduate certificate in International Business Management upon completion of the program. They can also try to meet the criteria for Forum for International Trade Training (FITT) and receive a diploma in International Trade issued from FITT. Afterwards, graduates can complete the required work experience in international business and meet other FITT criteria to apply and receive the Certified International Trade Professional (CITP) designation.
Why study International Business Management in Canada?
Check Your Eligibility for 80+ Universities across Canada
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Check Your Eligibility for 80+ Universities across Canada
Book a free counselling session and find universities where you can get an Admission!
Canada has diverse culture, hospitable environment and quality educational institutes. This makes the country an ideal destination for international students. Let us look into the reasons why you should pursue international business management in Canada:
High-ranking universities
Canada has a top-notch educational infrastructure that provides quality education to its students. With several universities ranking in the top 100 of QS World Rankings, Canada could be a good choice for you as a postgraduate aspirant.
Affordable tuition and cost of living
Canada, in itself, provides products and services at a reasonable rate. The same goes for its universities. Most Canadian universities offer undergraduate, postgraduate, and doctoral programmes at affordable prices. This makes it easier for students from all over the world to come and acquire quality education.
Diverse culture
Canada has a high population of international students in its universities. It makes studying in Canadian universities an enjoyable experience where students interact with other students from all over the world and gain exposure to various cultural environments.
List of Colleges offering International Business Management in Canada
The University of Toronto, Toronto, Canada
- QS World University Rankings by Subject 2021: Business & Management Studies: #38
- Programmes offered: Management & International Business Co-op (MIB)
- Core courses: Business Leadership, Financial Management, Corporate Strategy, Business Ethics, Marketing
- Annual tuition fees: 58,160 CAD
- GMAT score required: Not required. An international baccalaureate diploma is required to apply.
University of British Columbia, Vancouver, Canada
- QS World University Rankings by Subject 2021: Business & Management Studies: #45
- Programmes offered: International Master of Business Administration (IMBA) Co-op program
- Core courses: Marketing, Application of Statistics in Management, Investment Theory and Asset Pricing, Foundations in Accounting, Operations & Logistics, Foundations of Managerial and Business Economics, Building High-Performance Teams and Organisations, Business Strategy, Entrepreneurship, Marketing Research, Corporate Strategy, Data Visualisation, Brand Management, Two-Party Negotiations, Process Fundamentals, Consumer Behaviour
- Total program fees: 71,145 CAD
- GMAT score required: Not required.
McGill University, Montreal, Canada
- QS World University Rankings by Subject 2021: Business & Management Studies: #60
- Programmes offered: Bachelor of Commerce – International Management (Co-op)
- Core courses: Accounting, Entrepreneurship, International Business, Mathematics, Retail Management, Business Analytics, Financial Strategies, Labour Management & Human Resources Management Strategies, Operations Management, Statistics, Principles of Corporate Sustainability, Economics, Information Systems, Marketing, Organisational Behaviour, Strategic Management
- Annual tuition fees: 56,771 CAD
- GMAT score required: Not required.
Western University, London, Canada
- QS World University Rankings by Subject 2021: Business & Management Studies: #74
- Programmes offered: MSc in Management – International Business
- Core courses: Accounting, Finance, Leadership, Marketing, Operations, Sales Strategies, Project Management Principles
- Total program fees: 73,350 CAD
- GMAT score required: No minimum requirement and only required if you do not have university coursework related to business or analytics
Université de Montréal, Montréal, Canada (HEC Montréal)
- QS World University Rankings by Subject 2021: Business & Management Studies: #82
- Programmes offered: MSc International Business
- Core courses: Market Globalisation, Marketing, Strategy, Finance or Economics, Corporate Social Responsibility, and Business Network Management.
- Total program fees: 27,500 CAD
- GMAT score required: 630 or higher
Eligibility Criteria
The admission requirements vary from university to university in Canada. However, there is a general outline of what requirements must be met to get admission into a master’s programme in Canada. They can be seen below:
- At least a grade B in an undergraduate degree in a related field.
- GMAT or GRE scores according to the university’s requirements.
- English proficiency test scores such as IELTS, TOEFL, or PTE.
- Most Canadian universities require at least 2 years of work experience for admission into their postgraduate programmes. However, some universities might not require work experience.
- Statement of Purpose (SOP)
- Personal Statement
- Interviews might be conducted post-selection as they are essential to the eligibility criteria.
Documents Required
To study at a Canadian university, the following documents are required to be submitted by the applicants:
- CV/Resume
- At least two Letters of Recommendation (LOR)
- Official transcripts of previous educational qualifications. If the transcripts are in a non-English language, official and certified translations of the transcripts must be submitted at the university.
- Student Visa
- Passport photocopy
- Letter of Reference
How to Apply for International Business Management in Canada?
You can apply to your favoured programme at a Canadian university by following the below-mentioned steps:
- Research thoroughly your programme
- Select the university you want to get admission in
- Go to the university’s official website
- Select the programme you’ve chosen to pursue
- Fill out the application on the online portal
- Upload the required documents
- Pay the application fees
- Submit the application
Once successfully submitted, you can expect a response in 2 to 4 weeks depending upon the quantum of applications received by the university.
Job Prospects
Graduates can apply for international business graduate roles after acquiring a degree, diploma or graduate certificate in international business management. As international business is a specialised program, the pay packages offered to international business program graduates are also high. Completing an international business programme in Canada can prove to be a high-return investment as companies in Canada offer well-paying salary packages to international business graduates. As per Payscale, an MBA international business graduate can earn an average base salary of 88,000 CAD per year. Some of the job positions that they can secure are listed below:
- Market Analyst – 177,000 CAD
- Consultant – 197,000 CAD
- International Trader – 231,000 CAD
- Financial Controller – 152,000 CAD
- Business Development Manager – 255,000 CAD
- Marketing Executive – 237,000 CAD
- Supply Chain Manager – 110,000 CAD
- External Auditor – 174,000 CAD
- Compliance Officer – 175,000 CAD
- Project Manager – 69,000 CAD – 138,000 CAD
- Vice President (VP), Operations – 83,000 CAD – 178,000 CAD
- Product Manager, Software – 67,000 CAD – 118,000 CAD
- Maintenance Supervisor – 44,000 CAD – 81,000 CAD
- Logistics Coordinator – 36,000 CAD- 57,000 CAD
- Senior Product Manager – 79,000 CAD- 135,000 CAD
- Sr. Human Resources (HR) Manager – 64,000 CAD – 111,000 CAD
- Director of Human Resources (HR) – 86,000 CAD – 151,000 CAD
Conclusion
International business management is a degree that delivers high returns on investment. Along with comprehensive knowledge about the international business landscape, you also get to secure specialised jobs reserved for this degree holder. Completing a degree in this field in Canada can be an amazing opportunity for you to secure a well-paying job in the country itself. To get admission into a Canadian university, several exams such as IELTS, GMAT and GRE must be cracked with high scores. This can be difficult for you without the appropriate resources. LeapScholar can help you through this process and get into your chosen university. So, head to our website and book a one-to-one session today!
Frequently Asked Questions
1. What can I do after completing a Bachelor’s Degree in International business?
After completing a bachelor’s degree in international business, you can pursue a postgraduate in international business for further specialization. You can also look for jobs and get hired in roles such as financial analyst, human resource manager, policy analyst etc.
2. Can I work and build a career after completing my International Business Management in Canada?
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Yes, after completing your degree, you can also work in Canada. For this, you will have to secure a work permit first. Canada offers attractive ROI to international business management graduates with an average base salary of 88,000 CAD. You can even secure pay packages from 100,000 to 150,000 CAD if you hold specialisations and certifications.
3. What are Canada’s average tuition fees and cost of living?
The average tuition fees for a master’s in International Business Management in Canada range from 27,500 CAD to 68,250 CAD. The cost of living in Canada varies depending on your accommodation choice, lifestyle, and location. However, on average, the cost of living in Canada ranges from 12,000 CAD per year to 17,000 CAD per year.
