Top Universities for Master in Management (MIM) in Canada for International Students

Did you know that the Master in Management (MiM) degree has recently gained popularity among domestic and international students in Canada?

 

Interesting Point: Several Canadian universities, including the University of TorontoMcGill University, and Queen's University, offer MIM programs known for their high academic standards and strong ties to the business community.

 

Over 70% of MiM graduates in Canada pursue further education or professional certifications within three years of completing their degree, indicating a strong commitment to lifelong learning and career advancement.

 

Fact: MiM programs in Canada receive thousands of applications yearly, with admission rates varying between 10% and 30%, depending on the program's competitiveness and applicant pool.

 

Let's explore what studying for a MIM in Canada involves:

 

ParametersDetails
Number of MIM Colleges30+ 
Top Specialisations 
  • General Business Administration 
  • International Economics and Finance
  • Human Resources Management
  • Technology Management 
Top UG Courses for MIM
  • Bachelor of Business Administration (BBA)
  • Bachelor of Commerce (BComm)
  • Specialised Business Degrees
Scholarships in Canada for MIM
Course Duration of MIM1-2 Years
Exam RequirementsIELTSTOEFLPTEGRE or GMAT
Best Intake in CanadaAutumn/September
Average Cost of Studying MIM in CanadaINR 30L - INR 1Cr (Varies by University)
Average Cost of Living in CanadaINR 1L - INR 2L approx.
Top Universities for MIM in Canada
Top Recruiters 
  • Deloitte
  • RBC
  • Ubisoft 
  • Linkedin 

Why Study MIM in Canada?

 

Canada offers a top-notch education system, various cultural experiences, and promising post-graduation work opportunities, making it an ideal destination for studying MIM. 

 

With 7 Canadian universities ranked among the top 100 for management studies in the QS World University Rankings, Canada is a smart choice for your future.

 

  • Globally Recognised Degrees: Earn a MIM from top universities like the University of Toronto (#21 QS Ranking 2024).
  • Sharpen Your Skills: Develop practical skills employers value communication, teamwork, problem-solving, and leadership.
  • High Job Placement Rates: Over 80% of MIM graduates secure jobs within 6 months.
  • Diverse Learning Environment: Network with a 70% international student body, enriching your global perspective.
  • Post-Graduation Work Permit: Gain valuable Canadian work experience with the PGWPP program (up to 3 years).


Invest in Your Future. Choose Canada's MIM programs for a world-class education and a launchpad to a successful career.

Which are the top 10 Universities for MIM in Canada?

 

MIM programs go beyond theory. They emphasise developing in-demand skills crucial for success, such as communication, teamwork, problem-solving, and leadership.
 

With over 50 universities featuring these programs (as of 2024), Canada provides diverse options for students seeking a world-class MIM education.
 

Many universities offer specialised MIM tracks aligned with current industry trends, such as Finance, Marketing, or Business Analytics, allowing you to tailor your studies to your desired career path.
 

According to the most recent QS World University Ranking 2024, the top 10 Universities for MIM in Canada are: 

 

Universities QS World University Ranking 2024Average Tuition Fees for MIM 
University of Toronto #21INR 75L approx. 
McGill University #30INR 1.2Cr approx. 
The University of British Columbia #34INR 80L approx. 
University of Waterloo#112INR 75L approx. 
University of Calgary #182INR 42L approx. 
McMaster University #189INR 21L approx. 
Queen’s University #209INR 27L approx. 
Dalhousie University #298INR 30L approx. 
Simon Fraser University #318INR 84L approx. 
University of Victoria #322INR 60L approx. 

What are the top MIM specialisations in Canada?

 

Canada's MIM programs cater to various career paths. Beyond core business, many offer specialisations aligned with industry trends. 

 

A high demand for FinanceMarketing, and Business Analytics equips you with in-demand skills for a flourishing career.

 

Some popular specialisations of MIM degree in Canada include –

 

General Business Administration International Economics and Finance 
Accounting and Finance Health Management 
Human Resources ManagementSupply Chain Management 
International Business Entrepreneurship and Innovation 
Marketing and Consumer Studies Technology Management 

 

What is the Course Curriculum for MIM in Canada?

 

Masters in Management (MIM) programs in Canada typically last between 1-2 years, with variations depending on the specific university and whether it's a full-time or part-time program. 

 

Here's a general breakdown of the curriculum you can expect, though keep in mind exact courses may differ:

 

Year 1 (or Term 1 & 2 for Full-Time Programs):

 

  • Foundational Management Courses: These courses build a strong base in core business disciplines like accounting, finance, marketing, operations management, and organisational behaviour.
  • Quantitative Methods & Statistics: Develop essential skills in data analysis, interpretation, and applying statistical tools for business decision-making.
  • Economics: Provides a solid understanding of economic principles, market forces, and their influence on businesses.
  • Business Communication: Equips you with effective communication skills for various business contexts, including writing, presentations, and negotiations.
  • Leadership & Teamwork: Explores leadership theories, team dynamics, and strategies for effective team management.

 

Year 2 (or Term 3 & 4 for Full-Time Programs):

 

  • Elective Courses allow you to delve deeper into specific areas of management that interest you. Options may include entrepreneurship, project management, marketing analytics, international business, or human resource management.
  • Strategic Management: Focuses on developing strategic thinking skills, analysing business environments, and formulating effective business strategies.
  • Business Ethics & Corporate Social Responsibility: Explores ethical considerations in business decisions, corporate governance, and social responsibility practices.
  • Global Business: Provides insights into the complexities of operating in a globalised marketplace.
  • Capstone Project/Thesis: This culminating experience allows you to apply your learnings to a real-world business problem or develop an in-depth research project.

 

Additional Considerations:

 

  • Specialisation Tracks: Some MIM programs offer specialisation tracks, allowing you to focus on a particular management area, such as finance, marketing, or supply chain management.
  • Internships: Many programs integrate opportunities to gain practical work experience in your chosen field.

Which are the top UG courses for MIM in Canada? 

 

While a bachelor's degree in any discipline can qualify you for a MIM program in Canada, some undergraduate courses provide a stronger foundation for business and management studies, making the transition to MIM smoother. 

 

Here are some popular options to consider:

 

Business-focused Degrees:

 

  • Bachelor of Business Administration (BBA): This versatile degree offers a comprehensive foundation in core business areas like accounting, finance, marketing, and management. It's an excellent choice for students interested in a general management career path.
  • Bachelor of Commerce (BComm): Similar to a BBA, a BComm degree focuses on core business principles with a stronger emphasis on commercial aspects like accounting, finance, and economics.
  • Specialised Business Degrees: Some universities offer specialised business degrees, such as the Bachelor of International Business, Bachelor of Marketing, or Bachelor of Accounting. These degrees provide a strong foundation in a specific business area, preparing you for related MIM specialisations.

 

Social Sciences Degrees:

 

  • Economics: An undergraduate degree in Economics equips you with analytical skills and an understanding of economic principles, highly relevant to business decision-making. It's a solid foundation for MIM specialisations in Finance, International Business, or Business Analytics.
  • Psychology: Understanding human behaviour is crucial in any management role. A psychology degree develops critical thinking and communication skills, which are valuable assets for MIM programs and future management careers.

 

STEM Degrees (For Specific MIM Fields):

 

  • Engineering: Engineering graduates possess problem-solving skills and a strong analytical mind, making them candidates for MIM programs in specialised areas like Operations Management or Project Management. An engineering degree combined with an MIM in these fields can be powerful.
  • Computer Science: The digital landscape demands business professionals with a grasp of technology. A Computer Science degree combined with a MIM in Business Analytics, Digital Transformation, or Marketing can position you for success in the tech-driven business world.

 

Remember: The best undergraduate degree for your MIM journey depends on your interests and career goals. Choose the program that aligns with your passions and provides a strong foundation for your future in management.

What are the requirements for MIM in Canada? 

 

Securing admission to a MIM program in Canada involves meeting specific requirements set by individual universities. 

 

Here's a breakdown of the general requirements, documents you'll need to prepare, and visa/work permit considerations:

 

General Requirements

 

  • Bachelor's Degree: A four-year bachelor's degree from an accredited institution is mandatory.
  • Academic Performance: Strong academic performance in your undergraduate studies is expected, with a minimum GPA requirement varying between universities (typically B+ or equivalent).
  • Standardised Tests (Optional): While not all universities require GMAT or GRE scores, some might recommend them for applicants with lower GPAs or non-business backgrounds. Average score requirements would depend on the specific university.

 

Documents Required

 

  • Official Transcripts: Submit transcripts from all institutions attended, translated into English or French if necessary.
  • Statement of Purpose (SOP)This essay outlines your career goals, motivations for pursuing a MIM, and how the program aligns with your aspirations.
  • Letters of Recommendation (LORs)Typically, two academic or professional LORs are required to provide insights into your academic abilities and work ethic.
  • Resume/CV: A well-crafted resume highlighting your academic achievements, relevant work experience, and extracurricular activities is essential.
  • English Language Proficiency Test: International students must demonstrate English proficiency through scores on tests like TOEFL (minimum score often 88-100) or IELTS (minimum score of 6.5-7.0).

 

Visa Requirements

 

  • Study Permit: To pursue an MIM program in Canada, you'll need a study permit from Immigration, Refugees and Citizenship Canada (IRCC). 
  • The application process involves submitting various documents, including proof of acceptance to your chosen program, financial support, and a medical exam (if required).

 

Work Permit 

 

  • Post-Graduation Work Permit Program (PGWPP): After graduating from a MIM program, you might be eligible for a Post-Graduation Work Permit (PGWPP), allowing you to gain valuable Canadian work experience for up to three years. Eligibility depends on meeting program duration and study institution requirements.

What is the cost of studying MIM in Canada? 

 

Launch your career, build your resume, and keep your wallet happy – choose an MIM in Canada! 

 

Study smart, spend smart. MIM programs here offer top-tier education at a fraction of the cost – between INR 30L  and INR 1Cr.


 That's a steal, considering the post-graduation work permit (PGWPP) allows you to gain valuable Canadian work experience for up to 3 years. 

 

Launch your career, build your resume, and keep your wallet happy – choose an MIM in Canada! 

 

What is the cost of living in Canada?

 

Curious about the cost of living in Canada? Let’s break it down for you. 

 

While living in Canada can be expensive, expenses differ based on the city you select to live in. For instance, Toronto and Vancouver have higher living costs than Ottawa and Montreal, which are relatively more affordable.

 

Here is a detailed breakdown of the living expenses in Canada:

 

Parameter Details 
Rent per month CAD 1906.24  (INR 1L)
Basic Utility (Monthly)CAD 215.75 (INR 13k)
Transportation CAD 104.90 (INR 7k)
Miscellaneous ExpensesCAD 1000 (INR 60k)

What are the top 5 Scholarships for MIM in Canada? 

 

Discover your potential in Canada's top MIM programs without breaking the bank! Scholarships can significantly reduce your financial burden, with awards ranging from thousands to tens of thousands of CAD


Imagine this: Graduating with less debt and a globally recognised degree. 

 

Over 60% of international students receive some form of scholarship or funding to support their studies.

 

Explore the following scholarships and unlock a world of opportunity – from university-specific awards to prestigious national programs:

 

Scholarships Type of Scholarships Benefit 
Ritchie-Jennings Memorial Scholarship University-Funded Scholarship Up to INR 7.4L 
Vanier Canada Graduate Scholarships (Vanier CGS) Government-Funded Up to INR 37L (Covers tuition, living stipend and research allowance)
Ontario Graduate Scholarship (OGS) Master’s in Management Government-FundedUp to INR 4.4L
Lester B. Pearson International Scholarship University-Funded Scholarship Full tuition fees
President’s Entrance Scholarship (University-Specific)University-Funded Scholarship Varies (partial or full tuition fees)

What are the job options after MIM in Canada? 

 

Land your dream job fast! 

 

Over 80% of MIM grads in Canada secure jobs within 6 months.

 

Sharpen your communication, teamwork, and problem-solving skills—employers highly value these. Pursue careers in booming sectors like finance, consulting, and tech. 

 

Here are some of the most popular job titles, along with their salaries:
 

Job Role Average Salary 
Human Resources INR 38L 
Senior Consultant INR 34L
Financial Analyst INR 36L 
Supply Chain Specialist INR 38L
Market Research Analyst INR 27L 

 

Which are the top recruiters in Canada for MIM Graduates?

 

Start your career with some of Canada's most innovative and dynamic companies!

 

Here is a list of the top recruiters for MIM graduates who offer exciting career opportunities:

 

Type of Company Top Recruiters 
Financial Services 
  • Big Four (Deloitte, EY, KPMG, PwC)
  • BDO Canada 
  • Scotiabank 
  • RBC 
  • TD Waterhouse 
  • CIBC 
  • Sun Life Financial 
  • Capital One 
  • Manulife Financial 
Professional Services 
  • SF Partnership 
Technology 
  • SAP 
  • Jostle 
  • Ubisoft 
  • Canalyst 
  • IBM 
  • Linkedin 
Others 
  • British Columbia Infrastructure Benefits ( Financial Services) 
  • Porsche Consulting (Management Consulting) 
  • SaniSource (Distribution) 
  • Citgo Group (Energy) 
  • Ontario Treasury Board (Government) 
  • BMO (Financial Services) 
  • IG Wealth Management (Financial Services) 
  • Ontario Power Generation (Energy) 
  • Yelp (Technology) 
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Top Universities for Master in Management (MIM) in Canada for International Students

Q. Which are the best MIM programs in Canada?

A. There are several highly regarded MIM (Masters in Management) programs in Canada. Some of the top ones include the MIM program at the University of Toronto's Rotman School of Management, the MIM program at Queen's University's Smith School of Business, and the MIM program at the University of British Columbia's Sauder School of Business. These programs offer a comprehensive curriculum, experienced faculty, and excellent networking opportunities for students seeking to advance their careers in management.

Q. Are there any finance-related MIM courses in Canada?

A. Yes, several finance-related MIM courses are offered in Canada. Some top institutions offering MIM programs with a finance focus include the University of Toronto, the University of British Columbia, and the University of Waterloo.

Q. What are the MIM in Canada requirements in terms of documentation?

A. Regarding MIM requirements in Canada, prospective students typically need to provide their academic transcripts, English language proficiency test scores, a resume, and letters of recommendation. Some schools may also require a personal statement or essay, and some MIM programs may have additional requirements such as work experience or GMAT scores. It's best to check with the specific program for their requirements.

Q. What are the average MIM in Canada fees for Indian students?

A. Based on current data, the average Master's in Management (MIM) fees in Canada for Indian students range from CAD 20,000 to CAD 40,000 per year. The fees may vary depending on the university and program you choose.

Q. Which are the top 3 universities for MIM in Canada?

A. There are several options for the top universities for MIM in Canada. However, some of the most highly regarded institutions include the Rotman School of Management at the University of Toronto, the Desautels Faculty of Management at McGill University, and the Sauder School of Business at the University of British Columbia. These universities offer exceptional academic programs, world-class faculty, and a supportive learning environment that can help students achieve their career goals.

Q. List down 5 job roles after pursuing MIM.

A. After completing a MIM degree, you can explore various job roles such as management consultant, business analyst, project manager, marketing manager, and operations manager. These positions require strong analytical skills, strategic thinking, leadership abilities, and excellent communication skills. You may also consider starting your own business or pursuing further education to specialise in management. The MIM degree provides a solid foundation for a successful career in the dynamic and challenging business world.

Q. What are the top scholarships given to MIM graduates in Canada?

A. There are several scholarships available to MIM graduates in Canada. The most popular are the Canada Graduate Scholarships-Master's Program, Open Scholarships, and the Vanier Canada Graduate Scholarships. These scholarships offer financial assistance to students pursuing a Master's degree in various fields, including management. Recipients are selected based on academic merit, leadership skills, and community involvement. Applying for these scholarships can significantly reduce the financial burden of pursuing a graduate degree in Canada.

Q. Which are the top 5 MIM specialisations in Canada?

A. In Canada, some of the top specialisations in Plate Number 1 include Accounting, Business Administration, and Computer Science. Accounting is a popular choice due to the high demand for certified accountants. Business Administration is also a popular choice as it provides a well-rounded education focusing on management, marketing, and finance. Computer Science is another top specialisation, with a strong demand for qualified professionals in the tech industry. Other popular specialisations include Engineering, Health Sciences, and Education.

Q. What is the average cost of living in Canada?

A. The average monthly cost of living in Canada for a single person in a mid-sized city, which is around £1,400, would be approximately INR 1.3L. However, it's important to remember that the cost of living can vary based on location, lifestyle, and spending habits.

Q. Why should I study MIM in Canada?

A. Studying MIM in Canada can be a great opportunity for international students looking to gain a global perspective, as Canada is known for its multiculturalism and welcoming attitude towards immigrants. Additionally, Canadian universities offer high-quality education and cutting-edge research opportunities, while the country's strong economy and job market make it a great place to launch a career. Studying MIM in Canada can provide a well-rounded education and promising future prospects.

Q. What are the exams required for MIM in Canada?

A. To pursue a Master's in Management program in Canada, you may be required to take standardised tests such as the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). However, some universities may also accept other language proficiency tests like IELTS or TOEFL if you are an international student. It is best to check with the universities you are interested in to know their exact requirements.