Master of Business in Canada

Master of Business in Canada

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Shanti RanaThu Nov 18 2021

Master of Business in Canada is a 1-2 year degree in Canada that helps you get a solid grasp on business foundations such as marketing, investment banking, management, consulting, data analytics, leadership and entrepreneurship, information management systems, finance and so on. 

A business degree is quite expensive compared to other areas of study in Canada. The fees for this course range from CAD 20,000 to CAD 70,000 per year and even more in some universities. 

Masters in Business in Canada is available as Master of Business Administration, International MBA, Master of Global Business, Master of Science in International Business, etc. 

After completing a business degree in Canada, you will get 1-3 years of post-study graduate work permit. You can work under several job profiles such as account manager, project management, human resource manager, Chief Technology Officer, Business Development Officer, IT Manager, Financial Manager and so on. 

The salary of business professionals in Canada ranges from CAD 70,000 to 200,000 per year and more. 

Why study Master of Business in Canada? 

  • Some of the best graduate business schools in the world like Rotman School of Management and Schulich Business Schools are from Canada. 
  • The entry-level salary for the business graduates of top universities in Canada is around CAD 80,000 per year. 
  • You can pick from top business concentrations such as human resource management, international business, finance, marketing, general management, Health industry management, supply chain management, business analytics etc. 

Top Universities for Master of Business in Canada

According to QS World University ranking, these are the top universities in Canada for business programs. 

University

QS Ranking 2022

University of Alberta

#126

Western University (UWO)

#170

Queen’s University

#240

University of Victoria

#334

York University

#494

Carleton University

#601-650

University of New Brunswick (UNB)

-

HEC Montreal

-

Trinity Western University (TWU)

-

Master of Business in Canada fees for international students

University

Annual tuition fees in CAD

Queen's University

42,312- 54,950

University of Toronto

64,910

Western University

60,250

HEC Montreal

30,500- 54,000

Concordia University

41,500

Victoria University

25,969.99

York University

49,000-60,000

Entry Requirements for Master of Business in Canada

Queen's University- Smith School of Business

  • Course Name: Master of International Business
  • Course duration: 2 years
  • English Test Scores:
    • IELTS: A minimum of 6.5 with no less than 6.0. 
  • Academic Requirements: A bachelor degree in business with a minimum of B+/ 75% or better in the final 2 years of the bachelor degree. The bachelor degree needs to complete a business course in financial accounting, macroeconomics, introduction to finance and introduction to marketing. 
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Video Essay, and Interview via phone or skype
    • 2 references
    • Resume
    • Cover letter
    • GMAT Scores (Minimum of 600) are required unless applicants score a minimum of 75% in the final 2 years of bachelor. 

University of Toronto- Rotman School of Management

  • Course Name: Master of  Business Administration
  • Course duration: 2 years
  • English Test Scores:
    • IELTS: A minimum of 7.0 with no less than 6.5.
    • TOEFL: Overall 100, with a minimum of 22 in speaking and writing.  
  • Academic Requirements: A bachelor degree in business with a minimum of 3.0 GPA.
  • Application fees: CAD 195
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Interview via invitation
    • 2 references
    • Minimum 2 years of experience
    • Resume
    • GMAT Scores: Though the minimum GRE Score is not stated, the average class score is 670. The University of Toronto also accepts equivalent GRE Scores for Master of Business Administration. 

York University-Schulich School of Business

  • Course Name: Master of Business Administration
  • Course duration: 2 years
  • English Test Scores:
    • IELTS: A minimum of 7.0 with no less than 6.0. 
    • TOEFL: Overall score of 100, with a minimum of 23 in each band. 
  • Academic Requirements: A bachelor degree in business with a minimum of 75% in business or management-related subjects. 
  • Application fees: CAD 150
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • 2 Essays
    • Statement of Purpose
    • A minimum of 2 years of full-time work experience in a relevant field.
    • 2 references
    • Resume
    • GMAT Scores

HEC Montreal

  • Course Name: Master of Science (MSc)- International Business
  • English Test Scores:
    • IELTS: A minimum of 7.0 with no less than 7.0. 
    • TOEFL IBT: Overall score of 100
    • TOEFL PBT: Overall 600
  • Academic Requirements: A bachelor degree in business with a minimum of 75% in business or management-related subjects. 
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Motivational letter
    • A minimum of 2 years of full-time work experience in a relevant field.
    • 2 LOR
    • Resume/ CV
    • GMAT Scores (630 or higher) or equivalent score in GRE.

Royal Roads University

  • Course Name: Master of Business Administration in Executive Management
  • Course duration: 2 years
  • English Test Scores:
    • IELTS: A minimum of 7.0 with no less than 6.5. 
    • TOEFL: Overall score of 100, with a minimum of 26 in writing and 23 in other fields. 
    • PTE: Overall 68 with no section score less than 60. 
  • Academic Requirements: Applicants need to complete a 4-year bachelor degree or its international equivalent with a minimum of B grade
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Statement of Purpose
    • A minimum of 2 years of full-time work experience in a relevant field.
    • 2 references
    • Resume

Concordia University-John Molson School of Business

  • Course Name: Master of Business Administration
  • English Test Scores:
    • IELTS: A minimum of 7.0 with no less than 6.5. 
    • TOEFL: Overall score of 95
    • Duolingo: An overall score of 120
  • Academic Requirements: Applicants need to complete a 4-year bachelor degree or its international equivalent with a 3.0/4.3 GPA.
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Statement of Purpose
    • A minimum of 2 years of full-time work experience in a relevant field.
    • 2 LOR
    • Video Interview
    • Resume
    • GMAT Scores: A minimum of 580 or equivalent GRE Score.

St. Mary University- Sobey School of Business

  • English Test Scores:
    • IELTS: A minimum of 7.0 with no less than 6.5. 
    • TOEFL PBT: 600
    • TOEFL: Overall score of 100, with a minimum of 20 in each and 
    • PTE: Overall 65
  • Academic Requirements: Applicants need to complete a 4 year bachelor degree or its international equivalent with a minimum of 3.0 GPA on 4.0 scale.
  • Application fees: CAD 110
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Statement of Purpose
    • A minimum of 2-3 years of full-time work experience in a relevant field.
    • 2 LOR
    • Essays
    • Resume
    • GMAT Scores: A minimum of 550. 

University of Victoria- Gustavson School of Business

  • Course Name: Master of Global Business (MGB)
  • Course duration: 2 years
  • English Test Scores:
    • IELTS: A minimum of 6.5 with no less than 6.0. 
    • TOEFL: Overall score of 90, with a minimum of 20 in each section.
    • PTE: Overall 68 with no section score less than 60. 
  • Academic Requirements: Applicants need to complete a 4-year bachelor degree or its international equivalent with a minimum of a B grade in the last 2 years of a bachelor degree. The degree must have this course at least  Finance, International Business, Accounting, Marketing and Organizational Behaviour/Human Resource Management.
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Statement of Purpose
    • A minimum of 2 years of full-time work experience in a relevant field.
    • 3 references Letters
    • GMAT Scores not required
    • Experience is preferred but not mandatory
    • Resume

University of Alberta

  • Course Name: MBA International Business
  • English Test Scores:
    • IELTS: A minimum of 7.0, with a minimum of 6.0 in each subtest. 
    • TOEFL: Overall score of 100
    • TOEFL PBT: 600
    • PTE: Overall 68
  • Academic Requirements: Applicants need to complete a 4-year bachelor degree with a minimum of 3.0 GPA.
  • Application fees: CAD 135
  • Other Requirements: 
    • Official transcripts of post-secondary institutions attended before
    • Statement of Purpose
    • A minimum of 2 years of full-time work experience in a relevant field.
    • 2 references Letters
    • GMAT Scores: Minimum score is 550, equivalent GRE Score is also accepted. 
    • Resume

Scholarships

  • Entrance Scholarships
  • UAlberta MBA Scholarships
  • Awards for In-Program Students
  • Rotman Scholar Awards
  • Graduate Studies Awards
  • Ontario Graduate Scholarships
  • International Education Financial Aid
  • Scotiabank Scholarship in International Business
  • Ontario Graduate Scholarship Program
  • Government Scholarships

Master of Business in Canada: Scope and Career Opportunities

The scope of a master degree in Business is found in a number of areas including Banks, consultancies, financial organizations, multinational companies, industrial houses, academic institutes and so on. 

There is expected to be vacancies of over 50,000 in the areas of business- marketing, operations, finance, Human Resources, International business and so on-within the coming 10 years. 

These are some of the job profiles and the average annual salary paid in these jobs. 

Business Jobs in Canada

Annual Average Salaries (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

Note that the salary of professions highly fluctuates depending upon the location, and expertise of individuals. Where an entry-level business analyst could earn an average of CAD 60,000 per year, a seasoned business analyst could earn more than CAD 120,000 per year. 

The same applied to states as well. In general, the highest paying states in Canada for business and MBA degree holders are Ontario, British Columbia, Alberta etc. 

 

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