MBA in Canada for Indian Students 2024: Fees, Universities, Requirements

MBA in Canada 2024 is recognised globally due to its wide range of specialisations, quality of education, industry connections, return on investment, and job opportunities. Moreover, several MBA colleges in Canada for Indian students are ranked among the top 100 MBA colleges in the world by QS and THE.

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This Story also Contains

1. MBA in Canada 2024: Highlights
2. Benefits of Studying MBA in Canada
3. Top MBA Universities in Canada
4. MBA Admission Requirements in Canada
5. Documents Required for MBA Admission in Canada
6. Cost of MBA in Canada 2024
7. Affordable MBA Colleges in Canada
8. Scholarships for MBA in Canada 2024
9. Work After Study in Canada
10. Job Prospects After MBA in Canada

Indian students can study at some of the MBA universities in Canada, including University of Toronto - Rotman, Western University -Ivey, and University of British Columbia. These business schools are known for their excellent teaching, cutting-edge research, and strong connections with industry leaders. Study MBA in Canada offers a wide range of career opportunities for international students.

The average MBA salary in Canada is around Rs. 37,00,000 per year. The average MBA in Canada cost is around Rs. 20 to Rs. 60 lakhs for Indian students. Additionally, students require approximately Rs. 6 to 12 lakhs per month to manage their cost of living in Canada. In addition to this, many government and non-government organisations offer various scholarships and grants for Indian and international students to manage their finances in Canada.

The qualification of GMAT or GRE is a mandatory requirement to study MBA in Canada for Indian students. International students with a non-native English background must provide a valid score in TOEFL or IELTS to demonstrate English language proficiency. Read the complete article to learn more about MBA in Canada, the benefits of studying in Canada for international students, academic requirements, fees, and more.

MBA in Canada 2024: Highlights

Benefits of Studying MBA in Canada

Canada is well-known for its universities, excellent quality of education, student life, and employment opportunities. An MBA from the Canada is widely acknowledged throughout the world. There are several benefits of an MBA in Canada, some of which are listed below:

• Quality Education: The Canada country is renowned for quality education. The advanced course curriculum, and quality education standards equip you with the necessary skills required for real-world businesses.
• Top MBA Universities in Canada: There are almost 21 business schools in Canada that offer you the best MBA programs in the world as per the QS Global MBA Rankings 2024.
• Three (3) years Work Permit: International students who study MBA in Canada are eligible for a 3-year post-graduate work permit (PGWP) and work in Canada for up to 3 years.
• High Return of Investment (ROI): Students who have graduated from MBA courses in Canadian Business Schools can expect a minimum starting salary of Rs 51 lakhs. On average you spend Rs 25 to 30 lakhs for your MBA course in Canada and the return you receive by earning is very high. Check out the average salaries of MBA graduates from the top business schools in Canada.

Top MBA Universities in Canada

Top universities in Canada that offer MBA programmes for Indian students are ranked on a variety of factors including infrastructure, quality of education, campus life, employability, and more. According to QS 2024 Global MBA Rankings, University of Toronto - Rotman, McGill University - Desautels, and Western University -Ivey are among the top 3 colleges in Canada for business and MBA programmes. A list of the best MBA colleges in Canada for Indian students is mentioned below.

Top MBA Universities in Canada 2024

MBA Admission Requirements in Canada

All Indian students seeking admission to MBA in Canada are required to fulfil the admission requirements set by the universities. However, some of the general eligibility requirements, that one must meet to be considered at Canadian universities are mentioned below.

• Candidates must hold a bachelor's degree from a reputable Indian university.

• Most US colleges need a minimum GPA of 3.0 or above on a 4.0 scale to be considered eligible for admission to MBA programs in Canada for international students.

• All Indian students are required to submit a valid GMAT/GRE score.

• International students, including those from India, whose first language is not English must demonstrate English language proficiency, which requires a minimum IELTS score of 6.0 and a TOEFL score of 80 or higher.

• Some colleges in Canada might demand work experience for acceptance to their MBA degrees.

Documents Required for MBA Admission in Canada

Indian students are required to submit the following documents for admission to MBA programmes in Canadian universities:

• A valid bachelor’s degree and certification

• Official academic transcripts

• English proficiency scores (PTE / IELTS/ Duolingo English Test)

• Letter of recommendation

• CV/Resume

• Statement of purpose

• Portfolio

• Proof of funds

• GMAT scores (if applicable)

• Essays

• Canada student visa

• Passport

Can I Do an MBA in Canada Without GMAT?

It is not mandatory to have a GMAT score, as numerous Canadian universities have removed the GMAT requirement for international students, provided that applicants have excellent academic records and strong professional experience. Here are a few universities that offer an MBA in Canada with no GMAT requirement:

How To Study MBA In Canada Without Work Experience?

Even though work experience is a must for pursuing an MBA in Canada, there are alternatives for students who do not have work experience. If you want to pursue an MBA but lack experience, here are some of the Canadian colleges that offer MBA programmes without work experience requirements.

• Dalhousie University

• University of Victoria

• Carleton University

• University of Saskatchewan

• University of Regina

• Thompson Rivers University

MBA Intakes in Canada

The fall intake is the most popular among international students among Canada's three intakes (fall, winter, and summer). It is widely available across Canadian universities, offering a diverse range of courses and attracting a large number of candidates. As a result, this intake often has lower acceptance rates and larger class sizes. Furthermore, it offers numerous scholarship options in Canada, reducing the financial strain for those studying abroad.

Canada Intakes for MBA

Cost of MBA in Canada 2024

To study MBA, the average tuition fee in Canada can be around CAD 40,000 to CAD 1,00,000 per year. For Indian students, the MBA in Canada cost in Indian rupees is Rs 20 to 60 lakhs. To complete the MBA at an affordable cost you can choose the course from the cheapest universities in Canada. As a student, along with the study costs you need to consider the living expenses in Canada throughout your study period. The average living expense for international students living in Canada is around CAD 10,000 to 20,000 per annum.

MBA Tuition Fee for Canadian Universities 2024

Affordable MBA Colleges in Canada

Several universities in Canada offer MBA at lower tuition fees. Indian students who wish to study in Canada at a lower cost of tuition can apply for the cheapest MBA colleges in Canada. Some of the affordable MBA Universities in Canada along with their tuition fees are mentioned below.

Cheapest MBA Colleges in Canada 2024

Scholarships for MBA in Canada 2024

Top universities provide scholarships, bursaries, and other financial aid to help students manage their finances seeking higher education in Canada. MBA Scholarships in Canada are provided based on academic merit and financial need of students, provided that the applicant meets the requirements set by the university. Scholarships for MBA in Canada for Indian students offered by some top universities are mentioned below.

• Ontario Graduate Scholarships

• AIMCO Scholarship

• Women in Business Leadership Scholarships

• MBA Indigenous Entrance Scholarships

• Forte MBA Fellowships by Forte Foundation

Work After Study in Canada

After earning an MBA in Canada, international students can apply for a Post-Graduation Work Permit (PGWP) in Canada. Candidates who have finished their two-year MBA degree are eligible to stay in Canada for up to three years. Obtaining a work visa in Canada after earning an MBA is a simple process that takes only a few steps.

International graduates have 180 days after graduation to apply for a post-graduation employment visa. The work visa enables graduates to seek employment with any Canadian organisation, providing more flexibility. Graduates with work visas are authorised to stay in Canada for up to three years, allowing for extended professional experience.

Read More: Post Study Work in Canada

Job Prospects After MBA in Canada

Candidates can look for several job opportunities after completing their MBA in Canada. Top recruiters for MBA in Canada include IBM Canada, Forazni Group Ltd, Capgemini Group, Petro Canada, Royal Bank of Canada, Unilever Canada, Business Development Bank of Canada, Ceridian Canada Ltd., Manulife Financial Corporation, TD Canada Trust, and others. On average, the starting salary for an entry-level graduate is around CAD 55,000 - CAD 60,000. Here are some of the career prospects you can work at entry-level positions after studying MBA in Canada.

• Faculty in Universities

• Strategy or Business Manager

• Financial Consultant

• Human Resource

• Marketing Analyst

• Operations and Supply Chain Management

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