Brief Information:- MBA in Canada (2020 – 2022)

Canada, a North American country is the second-largest country of the World whose climate varies with its vast area. This country experiences the Arctic climate in the North and hot summers in the south. It is a country with parliamentary democracy and a constitutional monarchy with a high rank in liberty, quality of life, economic freedom, and educational standards. Due to these reasons, this country has a large number of increased immigration every year. This country comes in developed nations and has a strong and advanced economy as compared to many countries around the globe.

This country produced fourteen Nobel laureates in Physics, Medicine, and Chemistry in the year 2018 and secured fourth in the world for scientific research quality. It has a large number of publicly funded Universities from which fifteen are listed in the top 500 Universities across the globe.

Weather and Temperature

Its average temperature reaches about -15°C that can drop to even -40°C with chilled winds. In some regions of it like coastal ones, snow persists for about six months in a year whereas Northern provinces may experience a year-round coverage of snow. On the other hand, its high temperature on the west and east coast lies between 25°-30°C as an average.

Why Canada for MBA?

There are many reasons to justify your MBA study in Canada worthy. These are:

1. This country has a high standard of education. It’s up to the mark quality of education due to equal emphasis on practical as well as theoretical knowledge and updated curriculum makes it a suitable option to pursue MBA there.

2. The low cost of education in this country as compared to other developed countries like USA, UK, Australia is also a beneficial feature of studying MBA in Canada.

3. There are about 15 universities of Canada in the top 500 countries of Canada. Therefore, large number of good and established Universities in Canada is one another very important advantage to study MBA in Canada.

4. Part-time works, scholarships are easily available in most of the Canadian Universities which makes stay and study in Canada affordable and possible for economically weaker students.

5. Canada is a welcoming and diverse country. It attracts many international students to come and study there.

6. It is easy to obtain a Canadian student VISA for MBA or any other course. It makes it easier for students to shift there.

7. MBA degree from any good University of Canada is quite worthy according to its curriculum and fee structure.

Eligibility for MBA in Canada

MBA is a very reputed and valuable course in India as well as other countries of the world. This not only opens up large opportunities in business for students but also gives enough knowledge about working to modern business.

Studying MBA from a foreign country like Canada increased chances of recruitment in MNC’s with good salary packages. Therefore, it is necessary to have proper knowledge of eligibility and admission process for MBA in Canada.

Here are the eligibilities:

• Bachelor’s Degree: The candidate must have a Bachelor’s degree from any reputed College or University before he applies for an MBA program in Canada. Most Canadian Universities demand a four-year professional degree course like Engineering or any other for admission in MBA. If you have completed B.Sc., B.Com, or any other three-year degree program then a post-graduation (M.Sc., M.Com) is required to apply for an MBA from Canada. Here, it is important to note that any kind of one-year diploma or certificate course does not get qualified for an MBA in Canada.
• Good Academic Score: Admission in Canadian Universities for MBA is extremely competitive. That’s why a GPA of 3.0-3.5 or 70% or more should be achieved in the Bachelor’s degree to apply and get selected for MBA in Canada.
• Work Experience: Some Business schools in Canada require 1-2 years of experience for admission but not all Schools have this compulsion. However, preference is always given to candidates with experience in all the Universities and Business schools.
• GMAT Exam: A good GMAT (Graduate Management Admission Test) score is very important to apply for MBA in Canada. This not only helps in admission but also supports your application at the time of getting a student VISA. It makes them think of you as a serious student.
• TOEFL or IELTS (English Proficiency Test):  These tests are for checking the proficiency of students in English, their medium of study. A minimum score of 213 -250 is expected to qualify TOEFL. Anyone of these exams must be cleared to get in Canadian business schools and Universities.

MBA Colleges in Canada

Admission Process for MBA in Canada

Every Canadian University and Business school has its application dates that mostly depend on one another. Some of them have one deadline while others have two different admission times in a year. An early application for your favorite top University is advised for more possibility of qualifying.

Modes of Application

There are mainly three modes to get the application form of Universities:

• Downloading from the university website,

• Requesting application via E-mail or 

• By CEC (Canadian Education Centre) in Delhi. 

The admission process of Universities may vary with the region therefore it is always good to check the University webpage to get more accurate information.

List of Documents required

• All documents related to graduation programs like Mark sheets, admission letters, etc. (Some Canadian Business schools demand transcript sealed and attested copy of mark sheet).

• Scores of all standardized tests like TOEFL, IELTS, and GMAT

• Work Experience proof (It can be your resume or experience letter)

• Letter of Recommendation (LOR) from any known colleague or professional you have worked with.

• Statement of Purpose (SOP) that should have your distinguishing reason to pursue the course and personal interests that may impress the admission authorities.

What is the Statement of Purpose?

Statement of purpose or SOP is an essay of about 1500 words describing yourself, your goals, future aspirations, vision, and achievements. It is an important part of your application for MBA admission in Canada as many universities take it very seriously for the process of selection. This can be the only document distinguishing you from thousands of applications.

Some Tips to Write a Bang on SOP

• It should be original and not copied at all.

• It should cover all the important points like your introduction, dream, study options, future expectations in an orderly manner.

• It should be innovative but formal that can establish you as a suitable candidate.

Admission Deadlines

There are mainly two application intakes by most of the Canadian Universities – Fall and Spring.

Fall (September) intake is more suitable for admission and runs from December to April.

Spring (January) Intake starts in May and ends in August.

However, some Universities have rolling application deadlines. Hence to know more accurately, visit the website of Universities you want to apply in.

Application Fee

The application fee of Canadian Universities is higher for international students as compared to local applicants. 

It lies from $130 to $200 including the fee for out-of-province transcripts.

VISA Requirements

Every International student requires a student VISA to officially stay in Canada or any other country to complete his/her studies for which they have to meet the requirements of the Canadian Immigration Act and Regulations. Normally, it takes about two months for completing VISA formalities.

Documents for VISA application

• Student application form with all documents and details.

• Letter of Acceptance from a Canadian University or Business school.

• Completed Supplementary Questionnaire for students

• Bank Draft or Cheque as a VISA application fee.

NOTE: Proof of funds is also required to show the authorities that you have enough economical potential to bear the cost of travel, stay, and study in Canada for at least 12 month period. The amount decided for Canada is $10,000 per year.

Interview

An Interview with a VISA officer may take place in some cases where basic questions about yourself and reason for your going to Canada can be asked.

Medical Examination

This is the final stage for getting Canadian VISA. The applicant must be in good health to pass this medical test.

MBA Course Duration

Most of the Canadian Universities have 2-year course duration of MBA. But it may take about 18 months to have an MBA degree.

However, some Universities like Ted Rogers School of Management, Edward School of Business MBA provides a year special MBA program for students who already have a Master’s degree in some field and wants to complete their MBA in one year.

Syllabus for MBA in Canada

Syllabus of MBA in Canada is divided in two years with two semesters each.

FIRST YEAR

First Semester

1. The World of the General Manager and Strategic Management

2. Managerial Micro and Macroeconomics

3. Managerial Data Analysis

4. Management Skills and Organizational Behaviour

Second Semester

1. Financial and Managerial Accounting

2. Marketing Management

3. Operations and Supply Chain Management

4. International Business

SECOND YEAR

First Semester

1. Strategic Management of Information Technology

2. Strategy Formulation and Implementation

3. Business Simulation

4. Final Project

Second Semester

1. Managerial Finance
2. Entrepreneurship and Leadership
3. Human Resource Management
4. Project Management

Fee Structure

Reputed and highly paid MBA degree comes after a good amount of tuition fee to College or Business schools. MBA from Canada is expensive than many other countries like Germany, Poland, France, etc. but it is cheaper than an MBA from the USA. If talked about worthiness, it is worthy to spend on tuition fee for studying in top Universities of Canada that provides world-class education and up-to-date marketing knowledge with practical application lessons. It is also very obvious that the MBA is one of the highly paid professions in the World if completed from a reputed Institution and Canada has many top-ranked Universities of the World.

The Average Tuition fee for MBA from any top Universities of Canada lies in the range of $25,000 to $85,000 per year. The fee varies with Universities and their facilities. There are some Universities like Ivey Business School that costs about $1, 01,500 as per year tuition fee for MBA. Applicants must first get the idea of fee for the University they are applying so that it doesn’t go out of budget.

Currency Comparison

One Canadian Dollar costs about 50.94 Indian Rupees. This is a big difference in the currency of both countries that must be kept in mind when thinking of studying there. The Average Tuition fee for MBA per year in Indian rupee lies between 15 Lakh to 53 Lakhs Indian rupees.

Type of MBA in Canada

Canada has mainly three types of MBA programs to suit students with diverse vision and time availability. They can choose the MBA program of their choice depending on their requirements. 

• Full-time MBA

It is the traditional MBA that is offered by the majority of Business Schools and Universities in Canada and all around the World. It is a general management degree that gives students the basic idea of the functioning of business and its internal mechanism. Finance marketing, human resources, and strategies are some topics taught in this MBA program. This course also allows students to focus on the field he/she wants to work in the future. The duration of this MBA in USA and Canada is 2 years commonly unlike the most European regions where 1-year courses are seen more.

• Part-time MBA

It is for those who have to make hard choices between pursuing an MBA and work to increase their learning and widen their options. This is the solution to lack of time in working adults of this contemporary world who wants an MBA degree but cannot attend long lectures. Instead, these MBA programs are scheduled on the campus of Business schools and universities on convenient hours and weekends or evenings. The trend of this MBA is increasing every year.

Duration of this MBA varies in length as it depends on various facto₹ Most of the time, it gets completed in about 2-3 years but can last for 5 years or even more depending upon the number of hours of teaching. Some colleges provide accelerated part-time MBA programs that get completed in the almost same duration as a Full-time MBA.

• Executive MBA

This MBA is basically another version of the traditional MBA. The main things that differentiate it with part-time or normal MBA programs are its average age group of students, study hours, and experience required. Executive MBA program needs an experience of at least 10-15 years and is almost like a part-time MBA in terms of its study hours and pace. Most people perusing Executive MBA don’t attend classes regularly and mostly opt weekends for study. Also, the fee for the Executive MBA program is paid by the employer, unlike the normal MBA scenario. Its normal average age of students is about 38 years.

Top Canadian Universities for MBA

• Joseph L. Rotman School of Management- University of Toronto

• Schulich School of Business- York University

• Ivey Business School- University of Western Ontario

• McGill University- Desautels Faculty of Management

• Stephen J.R. Smith School of Business- Queen’s University

• HEC Montréal 

• Sauder School of Business- University of British Colombia

• John Molson School of Business- Concordia University

• Haskayne School of Business- University of Calgary

• Beedie School of Business- Simon Fraser University

Brief Description of Universities

Joseph L. Rotman School of Management (University of Toronto)

It was established in 1950 with Roger Martin, one of the most influential thinkers in the field of Management as its dean. Rotman is known for providing innovative and most integrative management courses since many years. It promises to transform the leadership potential of students into fresh and emerging business heroes of the North American business market.

Ranked #1 Business School of Canada by Financial Times, this Business school is located in Downtown Toronto city that is known as a safe, welcoming, and reputed city of Canada for business purposes. The School has been hosting business leaders of Operational management and Entrepreneurship since years. It also provides summer internships to give students some work experience. Rotman has a special welcome gesture for Indian students.

Tuition Fee – $1, 20,680 for two years

MBA Courses available – MBA, JD/MBA, MGA (Master of Global Affairs), Master of Financial Economics, Morning and Evening part-time MBA, Collaborative programs in Asia Pacific studies, and Environmental studies.

GMAT Score required – 540 to 790

MBA World Ranking – 29^th

Schulich School of Business- York University

Located in Toronto, Ontario, Schulich is Canada’s one of the preeminent Business Schools that is known for anticipating the new trends in business since many past decades. The School gives respect to every student’s uniqueness by focusing on different aspects of their characters like Skills, Knowledge, personality, and aptitude.

The Institution is ranked #1in Canada by The Economist, Forbes and CNN Expansion, and many other established organizations. It is considered top for the number of sustainability-related top journals. Schulich School of Business offers two types of Undergraduate programs which are BBA and iBBA (International Bachelor of Business Administration and a range of MBA programs with and without specialization. These are MBA, International MBA, Executive MBA, and MBAs with specialization in fields like Accounting, AI, Business Analytics, Finance, Management, Marketing, etc. The cut-off list for this Business School is usually quite high.

Tuition Fee –$26, 020 per term for Full-time MBA of International students.

MBA Courses available –BBA, iBBA, MBA, iMBA, Executive MBA, MBA with specializations, Post-MBA Graduate Diplomas in Advanced Management, Financial Engineering, Intermediate Accounting, etc. and even Ph.D. in Administration

GMAT Score required – 600 to 660 (average)

MBA World Ranking – 59th

Ivey Business School - University of Western Ontario

Ivey Business School was founded in 1949 and is named after Richard M. Ivey after the donation of $11 million by his family in 1995. The business school is commonly known as Ivey since then. It is known for its extraordinary track record of developing leaders and providing real-world based education. The innovative and practical approach of the School prepares the students to tackle today’s leadership challenges.

Ivey is also ranked #1 by many organizations like Bloomberg Business Week, The Economist, The Financial Times, etc. in Canada for its MBA programs. Plus it has an overall score of 45.1 in the Bloomberg Business week 2019 International MBA ranking.

Tuition fee – $117,500 for International students 

MBA Courses available – Full-time MBA, Executive MBA, Accelerated MBA, and MBA Direct for HBA s.

GMAT score – 670 

MBA World Ranking – 53rd

McGill University- Desautels Faculty of Management

This University was founded in 1821 with currently over 300+ study programs. It has the highest number of Nobel Prize winners in the any other University of Canada with about 40,000 students from around 150 countries around the globe.

McGill is known as an established Institution for providing learning of advancements in knowledge and creation by a World-class system of education. A large number of excellent students are given by this University in almost every field. It's almost 24% of students are from outside of Canada making it a prime option for MBA by International students.

Tuition fee – $98,000 for MBA, $79,500* for professional Part-time MBA

MBA Courses available – MBA, Professional part-time MBA, Executive MBA, Law MBA 

GMAT score – 660

MBA World Ranking – 42nd

Stephen J.R. Smith School of Business- Queen’s University

Stephen J.R. Smith School of Business- Queen’s University is situated in Kingston, Canada, and is known as Canada’s premier Business school for its innovative way of teaching business. It is the World’s largest provider of executive education.

Since founded in 1841, the University has rich and outstanding traditions that make it one of the top universities in Canada. It teaches students to understand the business of the forefront.

Tuition fee – $63,239

MBA Courses available – Full-time MBA, Executive MBA, Accelerated MBA, etc.

GMAT Score – 654

MBA World Ranking – 38th

HEC Montréal 

Hautes études commerciales de Montréal was founded in 1907 and is known as the first established Business school in Canada. It is a French-language University Institution that prepares students for leadership in all spheres of activity for example teaching, researches, and social involvement.

This University offers a range of undergraduate as well as graduate level of programs in various disciplines of business and management. It offers teaching in three languages which are- English, French, and Spanish.

There are about 4300+ International students in this University from around 140 nations with a student-faculty ratio of 23:1. It is ranked #11 World-wide by Forbes in the Non-USA business school listing and 47th in the International New York Times.

Tuition fee – $49,000 

MBA Courses available – MBA full-time in English, French, and Spanish.

GMAT score required – 570

MBA World Ranking – 51st

Alberta School of Business - University of Alberta

Founded in 1916, Alberta School of Business is located in Edmonton, Alberta. It is one of the very well-known Institutions for Business training and researches that provide personalized and high-quality education to its every student. It especially focuses on entrepreneurial leadership skills in its students so that they can develop their business world.

The University promises to provide world-class faculty which can equip students with knowledge and skills in Business and Management. Experimental learning, International opportunities, and a wide range of specialization programs are some highlights of this Business school.

Tuition fee – $57,909

MBA Courses available – Full-time MBA, Fast track MBA, Part-time MBA, Executive MBA.

GMAT score – 550

MBA World Ranking – 101st

Sauder School of Business- University of British Colombia

Located in Vancouver, Sauder School of Business aims to provide ethical and effective business skills and knowledge to its bright students who it believes can reshape the future of Business.

Due to its collegial and vibrant environment, students have experimental learning with a balance of global immersion and collaboration. This Business school is ranked #1 Business school of Canada by Maclean’s magazine and 45th by the QS Global for World’s 250 Business schools.

Tuition fee – $83,263

MBA Courses available – Full-time MBA, Professional MBA, International MBA

GMAT score – 550 to 650

MBA World Ranking – 96th

John Molson School of Business- Concordia University

JMSB was established in 1974 in Montreal, Quebec. It provides an engaging learning and research environment to its students to help them achieve their highest potential.

John Molson has about 157 full-time faculties from about 32 countries teaching about 8,497 students. About 88% of its graduate students and 87% of undergraduates get employed after 3months of graduation.

Tuition fee – $45,000

MBA Courses available – Full-time MBA, MBA in Investment Management, Executive MBA.

GMAT score – 635

MBA World ranking – 77th

Haskayne School of Business- University of Calgary

Haskayne School of Business by the University of Calgary was established in 1967 and named after Richard H. Haskayne. Its learning goals for the MBA program involves effective communication, critical thinking, decision making, incorporation of ethical, social, and environmental principles in business strategies and group leading skills.

Along with a single degree MBA s, Haskayne provides some dual-degree MBA courses too for students of Science and other fields. These dual degrees MBA s are of 48-month duration conducted in mostly the English language. It is one of the most dynamic business institutions in Canada.

Tuition fee – $26, 637

MBA Courses available – Day-time MBA, Evening MBA (part-time), Thesis based MBA, Executive MBA, and Global Energy Executive MBA

Dual degrees: MBA/MBT (Master of Biomedical Technology), MBA/JD, MBA/MD, MBA/MPP (Master of Public Policy), MBA/MPlan (Master of Planning)

GMAT Score – 550

MBA World Ranking – 95th

Beedie School of Business- Simon Fraser University

This University was established in 1965 in Metro Vancouver, British Columbia. There are about 700+ MBA students in the School studying dynamics of global-class research for knowledge of the economy.

Beedie is known to go innovative discarding traditional principles to give its students and up to date set of strategies and skills of the contemporary business world. Innovation and experimentation to stay advanced can be seen in its curriculum and other activities.

Tuition fee – $31,015

MBA Courses available – Full-time MBA, part-time MBA, Executive MBA, Executive MBA in Indigenous Business leadership

GMAT score required – 550

MBA World Ranking – 158th

Living and Other Expenses

Living Cost

Living cost involves accommodation expenses for the time of completion of MBA in Canada. Students can stay in campus dormitories, the school provided homestays, hostels or they can go for off campus stays from their own like rental rooms or other lodging facilities.

Other Expenses

This part of the expense involves food, travel, and other necessary expenses. These highly depend on the city you are living in and the choices you are making for your quality of living. It is just a rough idea of what your expense chart will look like. These are expenses per year.

Scholarships and Awards

Here is the list of most popular scholarships available for MBA students in Canada-

• Ontario Graduate Scholarship (for Ontario region)

• Rotman School of Management Scholarship (for Rotman students only)

• Global Business Leader of Tomorrow Scholarship (Candidates related to Saudar)

• Accelerated Career Scholarship ( For Saudar students)

• AIMCo MBA Award (Alberta MBA Scholarship)

• United World Colleges (UWC) International Youth Scholarship

• UBC International Leader of Tomorrow Award

• Humber College International Entrance Scholarship

• Ivey MBA Scholarship 

• Haskayne School of Business MBA Entrance Scholarship

• Robert Krembil Scholarship of Merit (Schulich School of Business Scholarship)

• The Thomas Beck MBA Award (Schulich School of Business) 

Education Loans and Other Financial Aids

Due to the high cost of living and tuition expenses, it is not always simple to go to Canada as an MBA destination. But some options can make your studying MBA in Canada possible. These are Educational loans provided by many Govt. as well as private banks and other financers as a facility to help economically weaker students to fulfil their dream of completing MBA in Canada.

Some of these with their features are:

Other than this Public sector and private sector banks, some Non-banking financial companies provide education loans to students but their interest rates are mostly higher than the banks.

Frauds Related To Study Abroad

It is quite clear that as much attractive it is to study MBA from Canada as tedious the task is to get admission there. Due to lack of proper knowledge and a hell lot of process involved in this thing like admission application, VISA requirements, boarding, and lodging, etc. people go for consultancy services that make the whole process quite clear and easy to them.

But not all consultancies are trustworthy enough to handle your money and the future of your child. There are lots of frauds and scams done by many consultancies in name of guaranteed admission of the student to his/her choice of University and course.

Education has become business for many and that has led to emerging of a large number of fraud student agents and scammed consultancy services. There are lots of things that can go wrong by choosing a fraud consultancy for getting admission to Canadian or any other foreign University. Many times the VISA provided by these fraud companies gets found out as illegal and some other times students get some else course or University that he/she didn’t apply for. Not only has this, even in some cases, due to the faults and scams of some fraud consultancies, but the person also lost all chances of getting admission to any college there.

Therefore, here are some tips that you can keep in mind the time you go for any time of consultancy for admission procedures:

• Double-check the University or Business school you are applying for MBA by yourself before confirmation and avoid having blind trust in the services for that.

• Never agree for any course just by hearing about it from your agent. Always do qualitative research from your side to prevent any kind of regrets in the future.

• Those who promise your admission or VISA are mostly fake ones because there is no guarantee for both of these things.

• It’s always your right to ask all your doubts to them. You should also ask for some sort of written proof if you feel difficulty in believing any of their words.

• Go for a review check of the agent of consultancy you are thinking of trusting. It will give you a clearer image of their background and transparency.

How Can Right Consultancy Be Helpful

Just like Scammed consultants can reduce your chances of admission, the right consultants can actually boost your chances to the highest. This is because of the wide and organized network of theirs that help see every possible opportunity required to get you admission to your desired Business school and course.

These consultancies are quite familiar with the working of the whole admission scenario and have their efforts to fit you in the most suitable seat available according to your described requirements.

They help you get your VISA and make your travel, stay and other facilities easier. A good consultancy puts as many options as possible in front of you to choose the best for you.

OUR PROCESS AND SERVICES

Who are we?

We are a team of professionals who has the experience, expertise, and excellence in guiding young aspirants seeking to have foreign education by all the network and resources we acquire. As professionals, we separate the wheat from the chaff for you so that whole of the hectic steps involved in your way of studying abroad can become easier.

What are our facilities?

Our Facilities involve –

Counselling by our Experts

Studying and staying abroad is a big decision that requires a large amount of research and counselling before coming to the final decisions. Therefore, our services provide you the most updated and wide view of information to make your decision-making process easy and more accurate. We have top-notch experts who are quite familiar with all the mechanisms and trends in the field to help you have the best guidance for your future.

Selecting University

Internet is full of hundreds of Universities for every course with lots of inaccurate and insufficient information. This makes most of the students confused about where to apply and where not. Our experts put forward the best and personalized lists colleges as per the requirements and other suitability of the student. All information we provide is always verified as updated.

Loan processing

We can find you best student loan or financial help suitable as you and your child’s profile. This is a very important step to get the right loan for the study expenses otherwise it may become hard or burdensome to repay it in the future. This process is one of the hardest due to lots of numbers and factors involved in a loan. What we do is researching every factor of loans to select the best one for you. There is complete transparency in the whole process from our side.

Application Editing and Reviewing

We ensure that every application you submit is free from any kind of errors and presents you the best as a candidate. We have our team of professionals for reviewing and editing each application to avoid any chance of rejection at all.

Test preparation Platform and Guidance

After assisting you in your applications, we provide further guidance to help you crack the tests like TOEFL, IELTS, and GMAT, etc. that are essential for your selection. Every required detail is available with us to help increase your chances of getting your dream University or Business school.

Scholarship Guidance

It is economically challenging to complete your study in a foreign land. Therefore, we keep you updated with all the opportunities available to make your stay viable. Our professionals have a complete list of all the scholarships you are eligible for and guide you to get them.

VISA processing

This is another tedious job for students and their parents to complete the requirements of their studies. We make sure that all your VISA application details are accurate and favourable to get you a VISA. You are also prepared for your VISA interview by our experts as per the latest guidelines available.

Other processing

After completing all the above steps, we give our assistance in your travel and insurance processing to finally ensure your comfortable stay in a foreign land. All of our arrangements and assistance are trustworthy.

Pre-Departure Briefing

We are very well aware that how complicated it can be to go to a different country for studies and living there, therefore, a pre-departure briefing of all the necessary information related to the country and basic training to establish a safe stay of yours there is provided by us.