Masters in management in canada

Did you know that Canada tops the list of popular study abroad destinations?

According to a recent research, about 62% of international students prefer to study in Canada.

Apart from having flexible visa rules, Canada has a host of internationally recognized degrees which makes the country exceedingly popular amongst the global student population.

Masters in Management in Canada

A Master of Management is a graduate-level academic program offered at business schools to recent graduates with 0-2 years of work experience.

Though the MiM or Masters in Management has been primarily a European phenomenon, in the past 7-8 years a lot of schools worldwide have been including this rapidly growing degree in their portfolio and Canada is one of them.

Canada has more than 50 B-Schools offering this degree. In Fact, several of them are ranked amongst the top MiM programs globally,

Masters-in-management-in-canada

Living in Canada:

Canada has some well-known for the universities such as Sauder School of Business, Queen’s University, Concordia University: John Molson School of Business and Ivey Business School and has the biggest chunk of international students from foreign especially from India.

When compared with other countries Canada is one of the most affordable one in terms of Cost of Living.

However, cities such as Toronto or Vancouver can be expensive to live in.

There are 3 main factors that determine your living expenses:

  • Tuition Fees
  • Accomodation
  • Insurance
  • Food and daily conveyance

The average annual cost of living in Canada for students is CA$8400 including the accommodation and can go up to CA$10,000-15,000 per year depending upon your living lifestyle.

If you want more information on the detailed breakdown of day-to-day expenses (like grocery and commute), this resource should help you.

However, note that Canada also offers a host of student funding options like scholarships, on and off campus internships and graduate assistantships.

These options will go a long way in helping you manage your expenses.

Moreover, the Return on Investment for a Masters in Management is pretty lucrative, especially if you get into a top school.

Masters-in-management-in-canada-Class-room

Average Tuition-Cost in Canada:   

The Tuition fees normally range between $45,000 to $60,000. This is excluding the cost mentioned above for the cost of living.

Scholarships

Masters-in-management-in-canada-Salaries

There are lots of factors to be considered before you apply for a scholarship in Canada.

Based on Academic GPA specific scholarships are available but to get detailed information on it, you can approach college admissions officers and financial aid experts.

The scholarship in Canada is provided by Government bodies, as well as individual Canadian universities.

Check out a few of the most popular scholarships below:

 

Name of the Scholarship Source of Scholarship
Government- Funded

1) Canada Graduate Scholarships – Master’s Program

2) NSERC Postgraduate scholarships

3)Vanier Canada Graduate Scholarship

4)Ontario Graduate Scholarship

University-specific

1) Queen’s University International Scholarships

2) UBC Graduate Scholarships

3) University of Waterloo International Funding

4)University of Calgary Graduate Awards

MSc in Management in Canada

Demand for MSc in Management has increased to a great extent in North America, and Canada is no exception. A host of schools offer the program under different names. Check out the top B-Schools for MSc in Management in Canada here:

Masters-in-management-in-canada-universities

Top Universities for Masters in Management in Canada

 

School Name Program Name
Royal Roads University Master of Global Management
IVEY Master in Administration (MSC) – International Business
Telfer School of Management, University of Ottawa Master of Science in Management
Charles Stuart University MSc in Management
Crandall University Master of Organizational Management
McGill University Masters of Management in Finance
Ted Rogers School of Management, Ryerson University Master in Science Management
Munster School of Business Administration and Economics MSc in Management
Sauder School of Business, University of British Columbia Master of Management
Concordia University Master of Science in Management
Memorial University Master of Science in Management
Goodman School of Business, Brook University Master of Science in Management
University of Lethbridge Master of Science (Management)
The University of Manitoba, Asper Master of Science (MSc) in Management
Queen’s University, School of Business Master of International Business
University of Waterloo MSc Management of Technology
Odette School of Business, University of Windsor Master of Management
Rochester Institute of Technology, Saunders MS in Management
The University of Winnipeg Masters in Management
University of Victoria Master of Global Business

Working After Studies :

Canadian immigration laws give opportunities for International student to pursue Graduation Work Permit Programme (PGWPP) if they meet certain criteria.

 

ELIGIBILITY CRITERIA IN CANADA

  1. Students need to study full time in Canada for at least 8 months
  2. Must be a graduate from :
  • Public post-secondary institution, such as a college, trade/technical school, university or CEGEP (in Quebec)
  • Private post-secondary institution that operates under the same rules and regulations as public institutions
  • Private secondary or post-secondary institution (in Quebec) offering qualifying programs of 900 hours or longer leading to a DEP
  • Canadian Private Institution authorized by provincial statute to confer degrees, but only if you are enrolled in a program that  leads to a degree authorized by the province.
  1. Students must apply within 3 months of receiving written confirmation from the institution indicating that he/she has met the academic requirements of completing the academic programme
  2. Students must complete and pass the program of study they are presently enrolled in and received a notification regarding their eligibility of obtaining their degree corresponding to their course.

Duration in Canada

 

The PGWPP offered is never more than the length of your course duration. That is, if someone does a master’s degree for 9 months in Canada, he/she can be eligible for a work permit no more than 9 months in duration.

  • Course Duration < 8 months : No work Permit
  • Course Duration > 8 months and < 24 months: Work Permit no longer than the course duration.
  • Course Duration > 24 months: 3 Years of Working Permit may be issued.

One can always renew once it’s expired and you wish to work further at Canada.

Permanent Visa

 

There are a number of immigration programs made available through Citizenship and Immigration to Canada and each of them is available for a certain set of qualifications.

Below is a list of the more popular immigration programs for International Students in Canada:

  • Canadian Experience Class:

The CEC program allows temporary workers or students who have been in Canada for a time already to apply for permanent residency without leaving the country first.

  • Quebec Experience Class :

International students those who have studied in Quebec and completed a Bachelor’s, Vocational, Master’s level program with intermediate proficiency in French are eligible under this program without any work experience.

Average Salaries after MiM :

 

Masters in Management graduates from top B-School have starting average salary of around $ 50,000 to $ 65,000.

For your reference here are some schools’ average salaries for last year graduates.

School’s Average Salary
Queen’s University at Kingston $ 65,700.
HEC Montréal $ 58 250.
UBC Sauder $ 30,000 to $52,500.

Conclusion:

To sum up, Canada has a multicultural society with ample resources to support both the intellectual and social education of young talents. If you feel you are really passionate about pursuing a Masters in Canada, the system is more than equipped to help you achieve your goals with significant returns for all your investments now.

So go ahead and think about your field of interest, locate your future university and educate yourself with all the requirements that can make your MS dream come true.