Masters in Management in Canada
In Canada, the Master’s in Management is a two-year course designed for students who want to learn about future leadership roles. The admission requirements for Canadian Universities are an 80% or higher score in a four-year bachelor’s course, an IELTS score of around 6.5, and a GMAT score. In addition, it is important to submit certain documents, and professional LORs is one of them.
The average fees for a Master’s in Management at universities in Canada are around 56,000 CAD annually. While pursuing Master’s in Management in Canada, students can support the cost involved in the study with the help of the scholarships available to management students. After completing their studies, students can join corporate industries specializing in finance, production management, accounting, law, etc.
Highlights for Management in Canada
Some of the Master’s programs of Management in Canada are mentioned below:
Duration |
9 months to 2 years |
Average Fees |
Master’s in management in Canada fees is CAD 6300 in Canada for international students, and for Indian students, it is Rs. 20.8 lahks annually. |
Course Type |
Management Course includes all types of management studies, such as finance, human resources, production and operation, marketing management, and engineering management within Canadian universities. |
General Eligibility |
A full-fledged bachelor’s degree from a reputed university. The Master’s in management in Canada’s Universities requires colleges with a minimum GPA. |
Exams Required |
Master’s in Management in Canada requirements are quite tough. Students must have English Language Proficiency Tests such as IELTS and PTE along with GMAT scores as per the university’s requirements and submission of professional LORs. |
Why study Management in Canada?
A Master’s in Management in Canada is more demanding than other courses, as corporate industries are looking for qualified professionals with a good knowledge base in any field of Management. Therefore, Canada Universities are the best for pursuing a master’s in management as there are reputed universities in Canada that offer suitable management courses. In addition, they offer a broad selection of management specialization subjects which helps the students achieve better future opportunities. Some points students should know regarding management studies in Canada are:
- Universities for management in Canada are among the best universities that offer the best quality business administration program. In addition, Canada is among the top 100 countries offering the best management courses. Some of the best Canadian universities are McGill University, the University of British Columbia, the University of Canada West, etc.
- Once you are pursuing a Master’s in Management in Canada, you may find various options regarding the courses of management, such as finance, human resources, production, materials management, etc., which leads to greater success in the future.
- Once you are studying at the universities for management in Canada, your chances of finding a job increase as Canada has more than 56 companies that offer great jobs for business graduates.
- The courses are expensive, but they can give you a high return once you have completed your management program, as management study meets the demands of business corporations.
Types of Master’s in Management in Canada
The Master’s in management in Canada provides various specializations in the Universities of Canada. The courses offer formal management education and the types of management courses required within the corporate industries. Universities for management in Canada offer different types of innovative specializations, such as The University of Toronto offers The Master of Management [M.Mgt.] in Analytics, which is a 9-month course, contains two sessions: The University of British Columbia offers a Master’s in Management that contains finance, marketing, entrepreneurship, strategic management, organizational behavior, managerial accounting, human resources, supply chain management, operations, and logistics, and information technology. McGill University offers a Master of Management in Finance, a 12-month course. The University of Manitoba offers a Master of Science [M.S.] in Management, a full-time course lasting 2 years. The University of Windsor offers Human Resources Management, Logistics and Supply Chain Management, and International Accounting and Finance.
Best Universities for the Management in Canada
According to the world rankings, a general overview of each university regarding the rankings, fees, programs offered, admission deadlines, acceptance rate, and exams required are mentioned in the table below:
1. University of Toronto:
World Rankings |
The ranking of the University of Toronto is 34 in the QS World University Rankings |
Fees |
CAD 92,540 total for Canadian citizens. CAD 138,441 for International students. |
Programs offered |
They offer a Master of Science [M.S] in Management Analytics and a Master of Management in Innovation
|
Admission Deadlines |
For the spring 2023 intakes of Management Studies, the admission deadline is April 28, 2023 |
Acceptance rate |
The University of Toronto admissions has an average acceptance rate of 43%. |
Exams required |
Students must clear an English Proficiency test and have a GMAT score of around 710 |
2. University of British Columbia:
World Rankings |
The ranking of the University of British Columbia is 47 in the QS World University Rankings
|
Fees |
Around CAD 32,051 - 53,147. |
Programs offered |
They offer a full-time MBA program with different specializations such as Analytics, Science, Marketing, Finance, etc. |
Admission Deadlines |
For 2023 intakes, the admission deadline is March 14, 2023 |
Acceptance rate
|
The acceptance rate is 50%. |
Exams required |
The university requires an IELTS score of 7.0, a GRE score of 310, and a GMAT score of 550. |
3.McGill University:
World Rankings |
The ranking of McGill University is 31 in the QS World University Rankings |
Fees |
The fee required for McGill University is CAD 57,600 |
Programs offered |
In Management studies, the programs offered at McGill University in Accounting are
|
Admission Deadlines |
The admission Deadline for newcomers in 2023 is January 15, 2023. |
Acceptance rate
|
The McGill University acceptance rate is 30 to 35% for MBA |
Exams required |
An IELTS score, a GMAT score of 670, and a GPA score of 3.2 out of 4.0.
|
4. University of Montreal
World Rankings |
The ranking of the University of Montreal is 61-70 in QS World University Rankings for a Master’s In Marketing. |
Fees |
CAD 20,251/year |
Programs offered |
Master’s of Business Administration at the University of Montreal offers a 2 years professional course. |
Admission Deadlines |
The admission deadline for fall round 2 is May 15, 2023, and the summer admission deadline for round 4 is September 30, 2023 |
Acceptance rate
|
The admission acceptance rate is 40-50% |
Exams required |
For the Master’s in Management, the exams required are:
|
Course Curriculum of Master’s in Management in Canada
The Master’s in management in Canada among the Universities for Master’s in Canada includes various specialization subjects. For example, the University of Toronto offers a Master of Science [M.S] in Management Analytics and a Master of Management of Innovation which is very useful for corporate industries. In addition, the University of British Columbia offers programs with various specializations such as analytics, science, marketing, finance, etc.
At McGill University, Management courses include finance, Marketing, Real Estate and Infrastructure, and International Business. As a result, the Master’s in Management in Canada Scope for jobs is very high once completing the course from McGill University. In addition, the University of Montreal offers part-time and full-time Management programs, which broaden the Master’s in Management in Canada jobs.
The courses of these universities are very innovative and new in the market, and thus they are in high demand in the corporate world.
Eligibility Criteria for Management in Canada
The eligibility criteria for pursuing a Management program in Canada are mentioned below:
- In almost every university, the first and foremost eligibility is English Proficiency Tests such as IELTS, TOEFL
- Minimum GPA of 3.7 for the Bachelor’s degree.
- GMAT score, which must be more than 550
- GRE score of 300 or above.
- Professional LORs.
Admission Requirements for management in Canada
Master’s in Management in Canada admission requirements depend upon many factors, such as:
- Online admission requires an online application with fees submitted through an online money transfer that is non-refundable per the university guidelines. The application documents need to be kept in hand for further requirements. The Professional LORs document is necessary for a Master’s in Management in Canada.
- At the time of admission, the applicants must submit the undergraduate degree transcripts or those received from the last attended academic institutions.
- A minimum of two professional LORs is necessary for admission.
- The English Proficiency Exam score is necessary for international students of non-English spoken countries such as IELTS or TOEFL scorecards.
- Admission also requires standardized exam scores to study management in Canada, such as the GMAT score, which is applicable for some top-rated universities, along with the GRE score, which also depends upon the eligibility criteria of the universities.
- The applicant must submit their “statement of intent” to assert their need for the course and their contribution to the course.
Admission Process for Master’s in Management in Canada
The admission process requirements for students for the Master’s in Management in Canada is as follows:
- The student must have the GPA of the Bachelor’s degree pursued at a reputed university.
- The students must have the required English proficiency score in the exams, such as IELTS or TOEFL.
- The student must have the document of academic LORs more than one.
- The student must be able to afford the admission fees every year, or else students must qualify for scholarships offered by the universities.
- The score of GMAT, along with the GRE, is also required in some universities.
- If the student has a prior criminal history, then the student will not be allowed to take admission.
- The applicant must submit a statement of intent to assert the need for the course.
Cost of Studying for Master’s in Management in Canada
The cost of studying for the Master’s in management in Canada differs according to the universities and their program durations. Some of the top-rated Universities, along with their tuition fees, are mentioned below:
- The University of Toronto requires a tuition fee of CAD 72,630 annually though a student’s cost of living in Canada is a little high.
- The University of British Columbia requires a tuition fee of CAD 52,641 for management in Canada. In addition, the IELTS exam in Canada costs around CAD 315 – 340, which the University of British Columbia requires.
- McGill University requires a tuition fee of CAD 60,345 for M.Mgmt Finance.
- The University Of Montreal requires CAD 20,251 as a tuition fee which is little adjustable for students in Canada. If a student lives in the allocated homes by the Universities, the average cost of living will be CAD 15,000 to CAD 20,000 though it is comparatively lower than in the USA.
Scholarship and Financial Aid for Master’s in Management in Canada
Some of the Universities that offer the best scholarship to pursue a Master’s in Management in Canada are as follows:
1. University of Toronto
Best Scholarship for Management in Canada |
Mackenzie King Open and Traveling Scholarship. |
Eligibility |
Minimum Grade of “A” (85%) (3.85/4.00) |
Deadline |
The deadline for completing the online application is January 24, 2023. |
Scholarship amount offered |
CAD 10500 |
2. University of British Columbia:
Best Scholarship for Management in Canada |
Hoegg Family MBA Scholarship. |
Eligibility |
Academic excellence; opting for research-oriented master’s and doctoral programs |
Deadline |
The deadline for completing the online application is January 10, 2023 |
Scholarship amount offered |
CAD 25000 |
3. McGill University:
Best Scholarship for Management in Canada |
Lionel Pelham Kent Scholarship. |
Eligibility |
Academic merit of around 90%. |
Deadline |
The deadline for submitting an online application is January 15, 2023 |
Scholarship amount offered |
CAD 2500 |
Career Opportunities after Master’s in Management in Canada
Once you complete the full course of a Master’s in Management in Canada, jobs prospect is greatly boosted. The job roles and the average salary are mentioned in a table:
Job role |
|
Average Salary |
Once you can join the corporate industry, your average salary will be CAD 123,000 to 135,000. |
If you want to work in Canada or elsewhere, getting a Masters in Management from Canada is a fantastic choice. Prestigious firms like Amazon and Deloitte hire MIM graduates. Because it doesn’t require any prior work experience, graduates highly seek MIM courses. But for your profile to stand out, it is usually preferable to have at least 1-2 years of working experience.
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