Study Masters in International Business in Canada – Eligibility, Fees & Process For Indian Students

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.  

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

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.