Though Europe is considered to be the bedrock of Masters in Management in Canada, many schools in the Americas are becoming attractive alternatives. Along with the US, Canada is leading the pack, and almost all top schools are offering the Masters in Management in Canada. Hence, a Masters in Management in Canada can be considered.
According to a recent report from RBC Economics, the number of international students enrolled in post-secondary education in Canada surged from 180,000 in 2007 to 415,000 in 2016 — that’s a 130 per cent increase in nine years. Countries like China, India, and France account for 53.1% of the total international students, followed by international students from South Korea, the United States of America, Saudi Arabia, Nigeria, Brazil, Japan, Mexico, Vietnam, Iran, Pakistan and Hong Kong.
With top schools such as Sauder School of Business, Queen’s University, and Ivey Business School Masters in Management in Canada, one can be assured of the top-notch quality of the degree.
Working after studies
As an international student studying Masters in Management in Canada, you are considered a temporary resident and should leave once you have completed your studies. But who wants to do that?
Temporary Work Visa
If you wish to work after your Masters in Management in Canada, the course duration will directly impact the length of your work permit in Canada. As per the eligibility clause, the course duration must be more than eight months.
For example, if you have studied Masters in Management in Canada for nine months, a work permit may be issued for nine months. And, if you have studied for two years or more, a work permit for three years may be issued. In addition, this Visa option can be renewed once it’s expired if you wish to work further in Canada.
Permanent Resident
If you wish to be a Permanent Resident or work after studies, there are several ways you can do so.
Canadian Experience Class
This program is for those who already have experience living and working in Canada and have adapted to Canadian society to settle in Canada as permanent residents. The program is the best fit for temporary foreign workers in Canada or students pursuing a Masters in Management in Canada.
You need to have prior work experience in Canada in one of the three mentioned categories –
- Managerial position(classified as NOC Skill Type 0) OR
- Technical or skilled trade job (classified as NOC Skill Type B).
To be eligible for the program: –
- Need to have one year of full-time work experience with 30 working hours per week; and
- Citizenship and Immigration Canada needs to be approved, such as the IELTS, CELPIP, or TEF.
Quebec Experience Class
International students who have studied in Quebec and completed a bachelor, Vocational, Master’s level program with intermediate proficiency in French are eligible under this program without any work experience.
Living in Canada
If you are thinking about pursuing masters in management in Canada, you should consider the living cost. The Cost of Living in Canada is affordable as compared to many other countries. However, this varies according to the place of study in Canada. Cities like Toronto or Vancouver can be very expensive. Most universities offer on-campus dwellings for international students, the cost of on-campus housing varies from university to university, but it is expensive compared to living off-campus. Generally, the cost of living per month for food and other expenses is around CA$600-800 (~US$450-600), and including accommodation. The cost goes up to CA$10,000-15,000 per year (~US$7,550-11,300).
Masters in Management in Canada Fees
The Tuition fees for Masters in Management in Canada normally ranges between $45,000 to $60,000. This is excluding the cost mentioned above for the cost of living. You should consider both and decide if you are financially secure to pursue this degree. Consider opting for a scholarship scheme if you need the support and can not afford the tuition fees.
Scholarships
Scholarship opportunities for a Masters in Management in Canada are limited and competitive at the same time. Sources of scholarship in Canada are Government bodies, as well as individual Canadian universities. Therefore, you should keep an eye out for the eligibility criteria if you want to get considered for a scholarship for Masters in Management in Canada.
Post-Graduation Opportunity
This section has been a strong area of interest for most applicants right from the day they begin preparing themselves for admissions into the Masters in Management in Canada schools reunion specialities until they have completed this program.
Average Salary
The Average Salary offered after completing Masters in Management in Canada ranges between $ 50,000 to $ 65,000. Here are some schools and their average salary for your reference.
- The Students at Queen’s University at Kingston get an average salary of $ 65,700.
- At HEC, Montréal students had withdrawn an average salary of $ 58 250.
- At UBC Sauder, the average salary ranges from $ 30,000 to $52,500.
Placement after Master in Management in Canada
- The Students of UBC Sauder were placed at Amazon, HSBC Bank Canada, PwC, and Hootsuite.
- Companies like Accenture, General Mills, Coca-Cola, Oliver Wyman have approached Queen’s University at Kingston for placements.
- HEC Montréal students have got placed into organizations like BNP Paribas, KPMG, Deloitte, Numéra Analytics, and Xerox.
MSc in Management in Canada
Best College for MiM in Canada
1. Sauder School of Business
UBC Sauder’s H. Lee Graduate School, ranked 36th globally and 1st in North America, gives its students Masters in Management in Canada. The students receive the business skills they need to gain a competitive edge in the job market in 9 months. The curriculum is highly comprehensive and theoretical and applied to learn via case studies, teamwork, and presentations. Students gain experience in a broad spectrum of business and management disciplines, including marketing, strategic management, and operations. The five-month Community Business Project also enables students to apply the acquired business skills for not for profit organisations. Students can further choose to broaden their experience with the optional study abroad program with partner universities. As a result, 95% of students who choose this program have achieved full-time employment within three months of graduation, and the base salary range for the 2015 batch was $30,000 – $52,500.
2. Ivey Business School
The MSc in Management is an action-oriented transformational experience for ambitious, recent university graduates who want to sharpen their skills and accelerate their careers. Via this case-based program, students learn action-oriented and dynamic approaches from over 150 cases a year that reflect the challenges and complexities of real-world business scenarios. In addition, a student can choose to specialise among three specialities programs – International Business, International Business+ CEMS MIM, and Business Analytics. In International Business, students will gain practical experience to adapt to various cultures and environments of business. Also, an opportunity to join CEMS and a guaranteed 10-week international work term. While in Business Analytics, students are equipped to translate real-world data into actionable insights for decision making. In addition, gain a summer work experience at Ivey Analytics Lab, which is exclusively for MSc. Business Analytics, for 8 to 10 months. Likewise, for MSc International Business Students, Ivey Global Lab provides a global immersion and cultural environment of an emerging economy and interacts with the local firms.
3. Queen’s University, School of Business
The program provides an in-depth examination of issues ranging from the global economy to cross-cultural leadership with Single Degree and Double Degree Options from one of the ten partners to gain an exciting cross-cultural learning experience that will greatly enhance the program’s impact. The single degree program option provides you with over 40 different destinations to pursue your international exchange. In addition, their unique curriculum is enhanced by workshops and classroom sessions in Communications & Professional Skills. With Queen's team-based learning model and career development plan, these interactive sessions provide MIB students with skills that will enable them to take their careers to the next level.
4. Concordia University: John Molson School of Business
The MSc in Management is a research-based Master’s program at Concordia, specially designed for students who want to enhance their research skills in Human Resources and Strategic Management. It’s an excellent program for the students who wish to go further and pursue doctoral studies in Management or industrial and Organizational Psychology. The students learn about research by working closely with the faculty members in the program—applying theory and techniques to contemporary business issues. The program is for researchers and those who want to enter the market as a consultant. The research techniques hone their skills and capabilities to come to a real solution. The students are encouraged to select a contemporary issue and apply the technical and analytical skills to propose a relevant solution.
5. McGill University
The 12 months McGill Master of Management in Finance program is a comprehensive program that prepares students through a comprehensive curriculum that integrates advanced financial concepts and quantitative methods with real-world business practices. Upon entry, every student joins Desautels Capital Management Inc as an analyst, and is responsible for one sector, identifies investment opportunities, and pitches them to colleagues. This builds a practical understanding of the subject. These are also responsible for dealing with regulatory issues, compliance trade and execution, and so on. In the Professional Seminar series, students are exposed to current issues and practices in financial markets. In addition, professionals in three from various industries provide networking opportunities. The final project helps to develop independent thinking and come up with creative solutions about a financial topic.
6. HEC Montréal
HEC Montreal’s Master’s Degree has specialisation in all fields of management. International Management, International Arts Management (MMIAM) and Global Supply chain. You can become a specialist in global markets and challenges of internationalisation and international social development & innovation. The opportunity to study with 16 other nationalities provides a multicultural environment, and the 2 – 3-week campus abroad to understand the challenges of doing business in another country is another intensive course to gain global experience. The institute also provides a 1 year management course in Canada. This course might be very helpful for the candidates who want to upgrade their skills and get back to work. The team of highly respected management professors owning specialities in their field provides dynamic support to the students of this program. These are specialities specially designed by people who are active in performing arts, in the heritage sector, or in cultural industries. The supply chain Management offers integrated operation management & research, international business, marketing and information technologies which help the student specialise in the global fields of product procurement, production, transportation, warehousing, and distribution. Also, the student can become a part of APICS, which is the world’s premier professional association for the supply chain management. In addition, students gain from various research chairs, centres, and groups.
7. Schulich School of Business
Schulich School of Business’s Master of Management program is designed to equip students with the tools needed to manage and solve problems in various organisations and environments. The curriculum is highly experiential, cumulating with an Enterprise Consulting Project where students collaborate and develop actionable recommendations for a local client organisation. The program is of a one-year duration with resources to equip students with the knowledge and skills to gain a competitive edge.
FAQs
1- Is GMAT required for Masters in Management in Canada?
You should at least have a GMAT score of 620 or above to pursue a two-year course of MiM in Canada. The GMAT score is essential for a successful admission in most institutes. Many colleges also mention the required score as part of their eligibility criteria.
2- Is a Masters in Management worth it in Canada?
Yes, a master in Management in Canada is worth it. The country has many institutes that offer a great MiM program and have been ranked as one of the top universities in the world. They also provide candidates with great opportunities for employment and placements, thus making MiM worth it in Canada.
3- Why do a masters in management?
MiM or Masters in Management provides a candidate with the necessary skills and knowledge to set foot in a business-related field. It will also provide you with the necessary experience to land a successful job in the business industry.
