MBA in Canada
Canada is a popular educational destination with 413,000 international students enrolled in 2017 alone, according to the Canadian Bureau of International Education. There is a deep representation of Asian cultures, with a large number of Indian and Chinese people, among the 34 ethnic groups in Canada. Among the elite Canadian B-schools, there are several such universities like the University of Toronto’s Rotman School of Management, Western University’s Ivey Business School, McGill University’s Desautels Faculty of Management, University of Alberta, among others which remain comparable to the best schools in the United States. For instance, the University of Alberta is home to over 39,000 students pursuing undergraduate and graduate programs, out of which over 6,500 are international students. Among the University of Alberta MBA students, half of all full-time MBA students are international students from 42 countries across the world.
Universities in Canada offer three types of MBA programs – full time, part time and Executive MBA. Most Indian students prefer to go for the full time MBA program due to the additional benefits of work and immigration that it affords them. To gain admission to an MBA program in any of the Canadian universities, along with proof of having cleared the qualifying exam of a four year bachelor’s program with good academic and extra-curricular records, there are prerequisites such as a good GMAT/GRE score and an above 7 IELTS band score. Each school lays down the admission criteria as per its guidelines. Most Canadian business schools need a minimum GPA of 3.0 or higher to gain admission in the MBA program.
An MBA degree in Canada is offered in a range of specialisations, which are customised to suit the practical demands of the industry they are designed to serve. At the end of the program, the graduate would be well equipped with the requisite information to work and serve in the management cadre of his organisation. Tuition fees are also much cheaper than the US, with an average tuition of $52,000, for an MBA in Canada as compared to the $150,000 – $300,000 price tag of elite US universities. After completing the program, most business schools in Canada offer placements in prized positions at large corporates, multinationals and based on the B-school profile, even at Fortune 500 companies.
While studying, international students may qualify to work off-campus without a work permit till the duration of their program. If eligible, your study permit will allow you to work off-campus up to 20 hours per week during regular academic sessions and full-time during scheduled breaks. All international graduates of the approved and accredited MBA program are eligible for a three-year Canadian Post Graduation Work Permit (PGWPP). Not only does this represent a significant advantage that Canadian schools have over other international schools, but it also allows for a longer work permit than other one-year Canadian MBA programs can offer. Please see https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/work/after-graduation/eligibility.html for more information. It is possible to study in Canada for less than six months without a study permit. The program must be completed within the original period authorized for your stay (usually six months) when you entered Canada.
With seven of the world’s top 150 universities in Canada, most of the graduates end up employed with home grown Canadian medium sized firms that create an annual job requirement of around 100,000 and contribute to over 50% of the economy. Graduates find work in one of the country’s strong industries, like financial services or the energy sector. Many international students who study in the country do receive a work visa after completing their MBA. This enables them to apply and receive permanent resident status in the country. In this aspect, the Canadian advantage plays out enticingly in favour of the graduate as opposed to elsewhere in North America. The rising number of international students seeking admission to Canadian B-Schools is a testament to the success story that Canada is, and more importantly, beckons you to be a part of it.
Please contact our counsellors today for more details on pursuing your MBA in Canada.