MBA in Canada 2022: Eligibility, Cost, Top Colleges & Admission Process

Canada’s multicultural environment and relatively easy immigration process make it a favourable study destination for students, especially in India. Besides good education, you will find high earning opportunities in the country and the potential to grow. Completing your MBA in Canada means you can join a national or multinational organisation according to the subject of your MBA. MBA in finance means you can get a job as a financial manager and MBA in marketing means you can join as marketing management, chief marketing officer, etc. However, to get there, you must complete your degree from a reputed institution, which is preceded by knowing MBA in Canada eligibility conditions. We will discuss these aspects in this article and know the top colleges to pursue MBA in Canada.

Why Study MBA in Canada?

Thousands of students move to Canada for higher studies with the hope to build a better career and leveraging high-earning opportunities. Students coming here will get an opportunity to study at advanced universities that are ranked among the top-most universities.

• Cost of Education: Compared to other countries, the cost of studying in Canada is less. This helps a student to get high-quality education from great universities easily. In addition to this, the students can also explore different scholarships that can further bring down the cost. Besides the cost of education, the students also need to consider the cost of living in Canada.
• Multicultural Environment: Canada is a multicultural country where people from across the globe come. Some are here to work, while others come for studying. A country where people from different ethnicities are present means they are welcomed there. This also helps a student stay here more comfortably.
• Hands-on Approach: Your curriculum for an MBA degree in Canadian colleges will follow a pragmatic approach. You will learn about the corporate environment and its evolving character. The top management colleges in Canada are situated in Toronto and Vancouver. Plus, these cities also have several companies that look for trainees, interns, and employees.
• Study and Work: Canada is one developed nation that allows students to study and work together. After completing six months in your full-time course in Canada, you can get a work permit and start working for a limited number of hours.

With these factors considered, studying and working in Canada is an opportunity that every Indian student must capitalise on. However, to leverage these aspects, you must also understand the MBA in Canada eligibility.

Top Colleges for Studying MBA in Canada

University of Toronto: Rotman School of Management is the educational hub under the University of Toronto where students can pursue an MBA. Located near Toronto’s Financial District, this is one of the most amazing locations to enrol in a Full-Time MBA. Plus, the students can also study in Morning and Evening MBA classes or go with the one-year Executive MBA course. The fields of MBA you can choose from include:

• Brand Management
• Business Design
• Consulting
• Funds Management
• General MBA
• Financial Reporting and Analysis

The University of Toronto is ranked 26th in Global University rankings, and the cost of an MBA in Canada for international students can go up to CAD 94,854. 

Queen’s University: The Smith School of Business provides MBA courses, and it is associated with Queen’s University. The university offers full-time MBA courses characterised by a flexible and personalised approach. According to the Smith School of Business Website, 98% of the students of the 2021 Class got an offer three months after the course completion. The course instils qualities of leadership and imparts advanced knowledge to the students.  Besides general MBA, you can also choose from some specialists programs, including:

• Consumer-Focused Marketing
• Digital Transformation
• Finance Strategy
• Management Accounting
• Sales Management
• Business Analytics
• Financial Accounting

Queen’s University has obtained 216th rank in the QS World University Rankings, and the cost of tuition here starts from CAD 77,000.

Western University: To study MBA in Canada at Western University, you will be enrolled at Ivey, which is the institute for business courses. It has several types of MBA programs for different tenures helping students build the required skill sets and ideas for the future. The program is divided into a full-time study and a course-based system. Most of the MBA courses have a runtime of one year, but in this duration, the students can build the required skills to learn and grow.

Courses: General MBA At Western University, you can get into the MBA program after fulfilling MBA in Canada eligibility conditions and fees of CAD 120,500. The global rank of Western University is 170.

McGill University: MBA course at McGill University caters to two types of students. One, the students in the mid of their career who are looking to upscale their skills and talents to move above the threshold in the organisation. And second, the students who want to leverage the knowledge from the MBA program to build a promising career path. They instil the required skills in the MBA graduate students pertaining to a good career in the business management world. The four types of MBA courses available here include:

• General MBA
• Executive MBA
• MBA/Law
• MBA Japan

In addition to this, McGill University’s global QS rank is 27, and the fee to study here is CAD 99,500.

York University: At York University, the students will get an education from Schulich School of Business. The courses and programs provide specialised skills to the students in 17 different areas associated with this field. Ranked among the top-most universities in the country, students come here for a flexible and customised learning approach. You can choose from advanced standing, full-time course, and Part-Time courses (Weekend & Evening classes). The specialisation areas offered here for MBA include:

• Accounting
• Business Consulting
• Marketing
• Strategic Management
• Financial Services
• Health Industry Management

There are other fields as well associated with this course. With its 494th rank globally, the York University MBA course fees are set at CAD 127,333.

These are the top Canadian universities or colleges where you study for MBA and hone the required skills to become a leader in your industry. Before joining any course, you must also fulfil the MBA in Canada eligibility conditions.

Eligibility and Admissions Requirements for MBA in Canada

The application process for the universities in Canada includes the submission of documents. Submitting the right documents at this stage is crucial as it is the first step towards building a promising career. The majority of Canada MBA business schools accept the student’s applications based on a few parameters. These conditions are a part of the MBA in Canada eligibility verification. So, here are the things you need for the verification process.

• Students must have completed their bachelor’s degree from a reputed university.
• For all the postgraduate courses, the GRE or GMAT score is required
• Attach one statement of purpose and letter of recommendation.
• If you have any work experience, attach it with the entire application.
• The students must show their IELTS or TOEFL scores to show their English language proficiency.

The same documents will be attached for the verification process. It begins right after you post the letter to the admissions committee. Besides these, other documents include:

• Bank statement
• CV or Resume
• Photograph
• Relevant Work Experience proof (If Any)

Only after fulfilling the MBA in Canada eligibility conditions can you gain admission into the college for higher education. Before selecting any university, make sure to check its progress report and check the fees. As for the student visa is concerned, you can apply for the same after receiving the approval letter from the university. This requirement applies to the students coming from the UK, the USA, India, New Zealand, etc.

Conclusion

Canada is a country that is worth exploring, whether it is for higher studies or travelling. In a country characterised by multiculturalism and high standards of qualification, ensure that you have all the right documents and are pursuing the right course from your ideal university. We have talked about the top five universities or colleges in Canada where you can pursue your MBA and explore different opportunities along the way.

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