Canada, which is home to 95 Institutions and 175 Colleges that offer technical courses and other academic, vocational, and professional programs is one of the top five places all around the globe for pursuing higher education. Attaining a degree in business, for instance, MBA, which is one of the most sought after course that provides you with some thorough knowledge of the business world and also makes you fully equipped with self-confidence and industrial skills to efficiently manage the work and quickly adapt to the changing practices in the world of business from Canada can actually prove to be the best decision keeping in mind your future and your career. So Canada thus is one of the best destinations to pursue such a degree.
There are different types of MBA that one can pursue in Canada such as:
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- Full-Time MBA
The duration for this MBA is two years and students need to give their whole time to study. To apply for this MBA, students need to clear the GMAT exam and language proficiency test.
- Part-Time MBA
This course is best suited for working students who want to get a degree along with their job. The duration of this course is generally 3 to 6 years but it depends on the universities. Students who can’t come to the college can also pursue this MBA.
- Executive MBA
The duration for this course is thirteen months and is generally designed for executives and for those who have experience at managerial level. To pursue this course, one should have at least 8 to 10 years of experience.
Advantages of studying a business-oriented course from Canada.
Following are the reasons because of which pursuing a business program from Canada can prove to be highly beneficial:-
- Colleges in Canada are quite affordable and offer degrees that are internationally recognized.
- Admissions and student visa is not a very tedious task and is actually very simple.
- Business programs offered by Canadian Institutions work towards enhancing career opportunities and also the earning potential of the students.
- Institutes here believe in imparting practical knowledge and focus mainly on improving the knowledge base of students. Along with this, they also help students in exploring all the disciplines of the business world.
- Students who study in Canada also get an opportunity to interact with their fellow college mates who belong to different cultural backgrounds and learn more about their culture.
- The curriculum of the Canadian universities includes internship programs that help students to work in the real business world and gain some practical knowledge about it.
Selection of the right Institution
A huge number of Canadian Institutions provide a degree in business. And among so many Colleges, to select the best one can truly be a cumbersome task. Here are the main points that you should consider while selecting the Institution.
- Academic excellence:- While selecting a college, make sure that the College you choose has high education standards and an excellent faculty.
- Location:- when you choose the college, make sure that you analyze its location and the nearby areas as you will have to stay there for a number of years.
- Tuition fee:- Tuition fee is one of the most important factors that one should take into consideration when selecting a college.
- International student support:- While selecting the Institution, make sure that the college you choose has a well-planned structure for international students and it also conducts student orientation and has accommodation and transportation facilities.
Cost of studying in Canada
MBA:- $30,000 to $40,000 [ avg. Annual fee in CAD*] these figures are indicative.
While selecting an Institution to study at, looking at that Institution’s world university Ranking is a crucial step as this will help you to understand and compare your college with other Institutions and also help you know the global status of your college. For this, looking at the QS world university rankings will definitely be a good start.
The criteria through which the QS system ranks the university is based on its global status and subject wise and five regional tables. It also takes into consideration its reputation among other universities, employers, student-teacher ratio, faculty members in order to rank the universities.
Ranking of Canadian universities
| QS Ranking of Canadian universities | ||||
| S.No. | Name of Institution | QS Ranking 2020 (in Canada) | QS global Ranking 2020 | QS global Ranking 2019 |
| 1 | University of Toronto | 1 | 29 | 21 |
| 2 | McGill University | 2 | 35 | 44 |
| 3 | University of British Columbia | 3 | 51 | 37 |
| 4 | University of Alberta | 4 | 113 | 132 |
| 5 | University of Montreal | 5 | 137 | 90 |
| 6 | McMaster University | 6 | 140 | 77 |
| 7 | University of Waterloo | 7 | 173 | 201-250 |
| 8 | Western University | 8 | 211 | 190 |
| 9 | University of Calgary | 9 | 233 | 199 |
| 10 | Queen’s University | 10 | 239 | |
Eligibility criteria for studying MBA in Canada
In order to take admission in a Canadian university for pursuing any degree or program, the students are required to fulfill the below-mentioned eligibility criteria.
Undergraduate degree
- A student willing to take admission in a Canadian Institution should have completed his/her 12 years of formal education.
- The students should furnish school documents, transcripts, and all other relevant certificates.
- The student must have studied mathematics in 12th grade, compulsorily.
- The student should be proficient in English which can be proved by scoring a decent score in IELTS or TOEFL.
Postgraduate degree
- The students must have a relevant bachelor’s degree that too from a recognized Institution that is equivalent to a Canadian Institution.
- Some Institutions can also ask for some work experience.
- Efficiency in English is needed to be proved through the IELTS or TOEFL score.
- Some Institutions grant admission to students on the basis of GMAT score also.
Scholarships for students studying in Canada
When one chooses to pursue their education in a foreign country, one cannot neglect the expenses that would come along with it in the form of accommodation, travel, and academics. Canada, just like any other foreign country, is not very different. But fortunately, there are scholarships that would definitely help students to cope up with so many expenses. These scholarships help students on the financial front by limiting the full course fee and also lowering some other related expenses.
In order to get a scholarship the students must have an excellent academic or extracurricular record and should also meet the eligibility criteria for these scholarships.
Following are the best MBA scholarships for the students from India who are pursuing the course.
| Scholarships | Scholarship Slots | Scholarship Value |
| Ontario Graduate Scholarship (OGS) | 5 (annually) | CAD 15000/year (per student) |
| University of Waterloo Graduate Scholarship | No specific numbers as such | CAD 3000/year (per student) |
| Central Sector Scheme of National Overseas Scholarship for SC/ ST candidates (All countries except the UK) | 100 (annually) | USD 33,800/year (per student) |
| Rotman School of Management- MBA/ MGA Awards | No specific numbers as such | $30000/year (per student) |
| Ivey MBA scholarships | No specific numbers as such | $10000 to Half tuition fee |
