Individuals wishing to study master’s in International Business in Canada should note that various universities globally provide this program. This two-year postgraduate degree program is also available as a mainstream MIB degree or specialisation for MBA or MSC degrees. Further, it provides an excellent opportunity to understand the global outlook and out with in-depth knowledge.
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Top Universities to Apply for Masters in International Business
The following table comprises some of the best-ranked universities that provide the opportunity to study MIB in Canada.
| University | Fees Per Year (in CAD)** |
| University of Alberta | 57,909 |
| Western University (UWO) | 68,250 |
| Queen’s University | 51,850 |
| University of Victoria | 39,913 |
| York University | 52,040 |
| Carleton University | 55,000 |
| University of New Brunswick (UNB) | 36,228 |
| HEC Montreal | 27,500 |
| Trinity Western University (TWU) | 36,225 |
**Note – The course fees are subject to change and should always be verified with the website before applying for the same.
Eligibility Criteria for Masters in International Business
Indian candidates have to meet certain university-specific requirements to study in Canada. This consists of GMAT, UG degree, English Language Proficiency (ELP) test scores, and other university-specific conditions. Below are points that determine the eligibility of an individual –
- GPA Requirements – Most universities require the applicants to hold Grade B in an undergraduate degree.
- Work Experience – Most universities demand that the applicant possess a minimum work experience of 2 years in the relevant field.
Note – Some universities also accept applicants without prior work experience.
- GMAT or GRE Scores – To study in Canada, an applicant must appear for various entrance tests. The score requirements of universities may vary but should achieve a minimum GMAT score of 600.
- English Language Proficiency (ELP) Test – To study in Canada, an individual must meet the minimum university-specific language proficiency test scores. This test is mandatory for the natives and non-native Canadians.
The below table represents some university-specific score requirements of various universities.
| University | UG Degree Scores | GMAT or GRE Scores | ELP Score |
| University of Alberta | B grade or 83-86% | 550 | IELTS – 7.0, 5.5 on each band TOEFL – 100 (iBT), 600 (PBT) PTE - 68 |
| Western University | 78% | 600 | IELTS – 7.0 TOEFL – 100 |
| Queen’s University | B+ or 75% | 600 | IELTS – 7.0 TOEFL – 100 PTE - 70 |
| University of Victoria | Grade B or a first-class or 60% | Not Required | IELTS – 6.5 TOEFL – 90 (iBT), 575 (PBT) MELAB – 90 |
What Are the Necessary Documents?
Underlying are the documents required to apply for Masters in International Business Study in Canada –
- Resume
- Letter of recommendation
- Previous qualification certificates
- Statement of intent letter
- Video essay component
- Other university-specific supplementary documents, if required
What Is the Process of Application and Fees Applied?
To apply for this postgraduate program, one has to apply through the university's official portal. One needs to fill up the online application form and pay the requisite fees according to university norms and regulations. Upon verification and approval, a video interview is arranged on behalf of some universities, and a face to face interview is organised with the authorities. Furthermore, some universities also demand a video CV and, upon verifying, arrange a direct interview with the concerned authorities.Here’s a table to know about the fees applied by some of the top-ranked universities in Canada.
| University | Application Process | Fees Applied (in CAD) |
| University of Alberta | Online application | 100 |
| Western University (UWO) | UWO online application | 100 |
| Queen’s University | Online application form | 110 |
| University of Victoria | University application portal | Varies with time |
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What Is the Cost to Study Masters of International Business in Canada?
Studying abroad brings about a lot of pre-arrival and post-arrival costs. The pre-arrival costs include application fees, entrance examination fees, and other insurance fees. In contrast, post-arrival costs include all the expenses an individual will face throughout the course period. Look at the below table, which breakdowns the pre-arrival costs that an individual will face going forward.
| Expenses | Cost (in CAD)** |
| Application Fee | 95-156 |
| IELTS Fee | 309 |
| TOEFL Fee | 210-330 |
| GMAT Fee | 331 |
| GRE Fee | 271 |
| Air travel | 350-1200 |
| Health Insurance | 600-800 |
Note – The expenses shown in the table are subject to change with place and time of application.
Scholarships for International Students in Universities in Canada
The following table provides information on the scholarships that various universities entertain at the time of admission to the Master’s course.
| University | Scholarship | Amount (in CAD)** |
| Western University | Entrance scholarships | Award amount varies |
| Queen’s University | Entrance scholarships | 2050 CAD/term |
| HEC Montreal | Entrance scholarships | 2000 – 4000 |
**Note – The above amounts are approximate and can vary from person to person or place to place.Pursuing a Master’s program in Canada can cost an individual in the range of 40,200 to 83,200 CAD. But if someone can raise funds through a scholarship, it can help them manage the cost of their overall studies.
Scope of Studying Master’s in International Business in Canada
Pursuing a master’s in International Business in Canada is a lucrative program that can open doors to various job roles in Canada and abroad. After graduating in this subject, an individual can get opportunities to work in fields like education, consulting, technology, financial or accounting, and other marketing jobs. The below table points out some lucrative job opportunities that one can get after completing the Master’s program from the top-ranked Canada based universities.
| Job Role | Annual Average Salaries (in CAD) |
| Market Analyst | 177,000 |
| Consultant | 197,000 |
| International Trader | 231,000 |
| Financial Controller | 152,000 |
| Business Development Manager | 255,000 |
| Marketing Executive | 237,000 |
| Supply Chain Manager | 110,000 |
| External Auditor | 174,000 |
| Compliance Officer | 175,000 |
Pursuing a master’s in International Business in Canada is considered a lucrative program that provides high returns on investment made to study. After investing around 40,000 to 90,000 CAD on this program, an individual can land a job with a minimum average salary of 1,50,000 CAD per year after its completion. The above article provides information on how individuals can apply for a Master’s in International Business in Canada. Every university has its own set of norms and curricula for the admission process of international students. So, individuals should read this piece carefully before applying.
Frequently Asked Questions
1. What can you do with an international business degree in Canada?
Completing the international business degree program in Canada can open a lot of doors to various sectors of business. You can land jobs in financial or accounting, consulting, technology, education, wholesale or retail, communications, and other marketing job roles in Canada and abroad.
2. Why should I study international business in Canada?
International business is considered a lucrative program as it provides high returns on study costs. Further, it makes an individual capable of problem-solving strategic planning and grows leadership skills.
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