Masters in Business Analytics in Canada – Your Guide!

Pursuing master’s in business analytics in Canada is a wise move if students have an aptitude for both analysis and technology. Moreover, a graduate with a background in statistical mathematics, data analytics, economics, and computer science, thinking of going for higher studies, can opt for a master’s in business analytics. Completing an MS in business analytics in Canada will require a student to study for two years. Students can either study an MBA with a business analytics specialization or the preferred course option, which is MBAN (masters in business analytics) in Canada. This article will discuss all things that should be known before applying to a university in Canada for a master’s in business analytics.

Why study business analytics in Canada?

There are several reasons for pursuing an MS in business analytics in Canada instead of studying an MBA in business analytics  in Canada, which include:

• Numerous highly-ranked universities in Canada offer master’s programs in business analytics. Some among them are placed in the list of top 100 institutions globally for the subject. 
• As per the Bureau of Labor Statistics, the number of jobs in business and financial occupations is predicted to grow by 7% from 2021 to 2031
• Canada offers wonderful job prospects in the corporate sector for business analytics specialists, and the average salary is around CAD 73,713

MS in Business Analytics in Canada- Leading universities

Here are the top universities in Canada for MS in business analytics: 

All About Masters in Business Analytics in Canada: Course Highlights

MS in Business Analytics in Canada: Expenses

While the cost of studying in MS in Business Analytics in Canada ranges between CAD 20,000 – CAD 30,000 per year, there are some pre-arrival costs incurred before going to study the program, along with an additional cost of living.

Pre-arrival Costs

Cost of Living in Canada

Admission Procedure for Masters in Business Analytics in Canada

After analyzing the different options for MSc Business Analytics in Canada, students should shortlist the universities of choice. While the admission process for different universities varies, here are some generic steps that can be followed for a successful application procedure.

• Check the eligibility criteria, and upon fulfilling the same, click on ‘Apply Now’
• Follow the instructions given on the website and submit the documents asked by the university
• Submit the application fees to complete the registration and wait for the results date
• Upon receiving the acceptance letter, pay the required tuition fee to pay the amount required for blocking the seat
• Apply for a Canadian Student Permit

Eligibility Guidelines

• Education of 16 years (10+2+4) for a master’s degree
• Undergraduate degree of four-year with statistics, linear algebra, and calculus as background subjects
• Work experience in a field related to data analytics and computer programming (might be required by certain universities)
• 3 GPA on a four-point scale, with average marks between 76-81% or B grade 
• Scores of GMAT/GRE as per university requirements 
• Minimum 5.5 to 7 or 7.5 band score in IELTS and 90-100 in TOEFL

Documents Required:

• Official academic transcripts. 
• Score sheet of GMAT/GRE. 
• Score sheet of TOEFL/IELTS. 
• Passport and photograph. 
• Resume/CV in some cases. 
• Work experience proof or prior internship certificate if required
• 2 LORs (Letters of Recommendation)

Can a student pursue Masters in Business Analytics without GMAT?

GMAT is one of the compulsory admission requirements at many institutions in Canada for an MS in business analytics. However, there are some institutions where students can study master’s in business analytics in Canada without GMAT. Applicants with excellent academic track records may be considered without GMAT scores, provided they fulfill certain other criteria mentioned by the university. LORs and interviews also play a crucial role in the success of admission applications.

Job Prospects after MS in Business Analytics

Graduates can pursue rewarding careers after completing their MS in business analytics. Some of the biggest recruiters in the field include CIBC, Deloitte, KPMG, and Air Canada, among others. MS in business analytics is fastly gaining acceptance worldwide owing to the rise in demand for big data specialists. With postgraduate degrees, students can get placed in sectors like media, financial services, retail, healthcare, travel, and more. 

Expected Salaries after MS in Business Analytics in Canada

Visa Procedure

The visa procedure may be done either online or offline. Students can apply offline with all supporting documents at the visa application centre. They can also submit all documents with the application online before visiting the application centre for the submission of their biometric details. Then the candidate will be called for a personal interview after their application is processed. They will have to provide proof of funds along with taking a medical test.

Available Scholarships