Study MBA in Canada

8 minutes reading time (1501 words)

Canada is known to be a hub for international students who want to pursue their higher education in a foreign country. Its high-quality education system and friendly environment draws the attention of many international students.

Many international students seek a Master's degree in business administration. Doing an MBA in Canada will open a door of opportunities for them. Unfortunately, one thing that holds many of them back is the lack of financial resources.

This post will convince you why Canada is the perfect place for you to do your Master's in Business Administration. You will also get information about working in Canada during and after your studies to combat any financial issues you may have. 

Why Study MBA in Canada

Canada is one of the top destinations for international students to pursue their MBA as it comes with an array of opportunities for the students both during and after their graduation. As an international student, if you are planning to extend your stay in Canada, all you have to do is carefully follow the immigration procedures and you will be able to obtain permanent residence in Canada.

Let's look at some of the compelling reasons to study MBA in Canada.

1. Culturally Diverse Country

Canada has an economy and cultural diversity which attracts most international students every year for their further education. If you want to experience a high living standard and quality education, Canada is one such place that could offer that to you. Canada is a politically stable country and a place with a low crime rate, which makes it one of the safest places for international students to live there.

2. Globally Ranked Universities

The quality of education is the one thing that you should never compromise on when it comes to overseas education. Each year, Canadian universities attract many international students because of the world-class education that they offer. Any degree that you do in a Canadian university will be recognized globally and thus your credibility and career will elevate consistently.

3. Hassle-free Immigration Process

When you aim to study abroad, you might face inconvenience in the form of visa restrictions, paperwork, and a hectic immigration process. This can add to your stress if you are looking to extend your stay abroad or become a permanent resident in that country. But in the case of Canada, the immigration process is completely hassle-free if the guidelines are followed properly.

4. Medical Insurance

One of the advantages of studying in Canada as an international student is that you can claim a generous medical insurance. In case of any emergency, the whole medical expense will be taken care of by the Canadian government.

5. Post-Study Work Permit

After completing your MBA degree, if you wish to stay for an extended period of time you can apply for the Post-Graduation Work Permit Program (PGWPP). Canadian universities also allow you to work during your degree. This permit is valid for a duration of eight months to three years depending on the duration of your course.

6. Great Job Opportunities

Being an economically stable country, Canada has an array of job opportunities for international students who are fresh graduates. If you graduate with a good percentage, you will be eligible for both on and off campus job opportunities.

7. Stable Economy and High Quality of Life

Canada enjoys an acclaimed reputation among international students because of its rich economy and high-quality life. It offers many facilities to its newcomers and residentials. There are many things to enjoy and places to explore along with your studies in Canada.

Types of MBA in Canada

Canadian universities offer different types of MBA. These types are classified generally based on course length. You can choose any based on your interests and requirements. There are three types of MBA:

  1. Full-time MBA
  2. Part-time MBA
  3. Executive MBA

1. Full-time MBA

The period of a full-time MBA is one to two years. In this course, students dedicate their full time to their studies. This MBA is ideal for those who want to enter the job market as leaders.

2. Part-time MBA

A part-time MBA is suitable for those students who want to get their MBA degree while working. The duration of a part-time MBA is generally three to six years. The classes are usually taken in the evening after work hours or during the weekend.

3. Executive MBA

Executive MBA is for senior management and higher-level executives with enough experience. This is also suitable for entrepreneurs who run their own business. In this MBA, students get more leadership experience than any other MBA. Its duration is generally between 20 to 28 months. The main requirement to get admission for an Executive MBA is prior experience.

Eligibility Criteria for Studying MBA in Canada

To study MBA at a Canadian university, you have to meet certain eligibility criteria. The requirements for taking up an MBA in Canada are as follows:

  • A Bachelor's or an equivalent degree from a recognised university or institution.
  • A good score on the Graduation Management Admission Test (GMAT)
  • Proof of your English proficiency through an English Language proficiency test such as IELTS or TOEFL.
  • Previous work experience in the relevant field. Although this experience is not mandatory, it gives you an edge over other international students.
  • At least two letters of recommendation from people who know you, putting in a good word that you are more eligible than other applicants for taking up the course.
  • Statement of purpose.
  • All academic records and documents. 

Application Process for MBA in Canada

If you are applying to study MBA in Canada, it is safe to begin the application process one or two years prior. You can easily prepare for your GMAT and IELTS and clear them with good scores during this time. Here are a few pointers that can help you ease your application process:

  • Do thorough research about MBA schools and universities, their offerings, the selection criteria, and the facilities you will be provided with based on your budget.
  • Clear the entrance tests and the English Language tests that are required for an MBA admission such as GMAT/GRE and IELTS/TOEFL respectively.
  • Apply for a scholarship that is best suited for you.
  • Spend a good amount of time on your resume/statement of purpose.
  • Make sure that your paperwork is done prior.
  • Start preparing for your interview.
  • If you pass the interview, the university will notify you about your enrollment.
  • After you get enrolled, apply for a Canadian student visa.

Top Universities in Canada for MBA

MBA is a highly demanded degree among international students. As a student with a precise career goal, you may want to get an MBA from one of the top-class universities in Canada to up your game.

Check out this list of the top universities in Canada to pursue an MBA:

1. Schulich School of Business

Courses offered: Part-time MBA, a customised MBA or a dual MBA.

Program fee: $26,722 per term.

MBA Scholarships Offered:

  • Robert Krembil Scholarship of Merit: Health Industry Management Program (HIMP)
  • Robert Krembil Scholarship of Merit: Master of Management (MMGT)
  • RioCan Scholarship
  • Seymour Schulich MBA Entrance Scholarship
  • Tanna H. Schulich MBA Entrance Scholarship
  • Heather L. Main Scholarship (Women in Capital Markets)
  • Scotiabank Scholarship in International Business
  • Resource Capital Funds Scholarship
  • EMBA Nonprofit Scholarship

2. University of Canada West

Courses offered: MBA, B.A. Business Communication, Preparatory Courses- MBA Foundation.

Program fee: $17,550 p.a.

MBA Scholarships offered:

  • MBA Excellence Scholarships for Continuing Students
  • Scholarships for Academic Excellence
  • Second Language Excellence Scholarships
  • Southeast Asia Regional Grant
  • Special Targeted Regional Award Program
  • Pathway to Knowledge Bursary
  • Second Language Excellence Scholarship
  • Scholarships for Academic Excellence
  • Americas Tuition
  • Commonwealth of Independent States (CIS) Regional Grant
  • European Grant
  • Middle East Regional Grant
  • Southeast Asia (SEA) Regional Grant

3. University of Alberta

Courses offered: Core MBA courses that extend over 20 months, including an internship.

Program fee: $43,322 for the entire 20-month program.

MBA Scholarships offered:

  • Bernard Greer Aylen Scholarship
  • Canadian Association of Petroleum Producers Graduate Scholarship in Business
  • Doreen M Lougheed MBA Scholarship
  • Milt Pahl MBA Scholarship
  • Neil Manning MBA Scholarship in Family Enterprise 

4. University of British Columbia

Courses offered: Master of Business Administration, Master of Business Analytics

Program fee: $15,792 p.a.

MBA Scholarships offered:

  • Madhu VARSHNEY MBA Entrance Scholarship
  • Earl R. PETERSON Memorial Scholarship in Civil Engineering
  • Iva Maria LESTER Memorial Graduate Scholarship in Accounting
  • HOEGG Family MBA Scholarship
  • Malcolm LOWRY Scholarship

5. University of Toronto

Course offered: General MBA

Program fee: $49, 395 p.a.

MBA Scholarships offered:

  • University of Toronto Scholars Program
  • Karta Scholars Program
  • U of T Engineering International Scholar Award
  • University of Toronto International Scholars Award
  • President's Scholars of Excellence Program

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