Are you thinking of a promotion? Are you eyeing up the corner office? Do you want to be your boss? Are you looking for a career change? Are you willing to build an extensive business network? Do you want to secure high-pay scale jobs? If your answer is ‘yes’ to any of these questions, you must apply for a master's in business administration in Canada. A Master’s in business administration, popularly known as an MBA, is a two-year traditional graduate program.
The course prepares you for success on a global level. The course is tailor-made for ambitious professionals, aspiring business leaders, entrepreneurs, or anyone willing to acquire management skills. If you are one of these, kickstart your journey to a rewarding career by signing up for the program grocery store near you.
Demand for MBA graduates in Canada
Besides picturesque scenery and uninhabited land, Canada is the third most business-friendly country in the world. Home to several reputed national and multinational companies, the country has a good job market for MBA graduates. Canada takes the utmost care of human rights and is committed to social justice.
Additionally, Canada has unlimited job opportunities for MBA graduates to grow and contribute to the fastest-growing and industrialized economy.
One of the wealthiest countries, Canada is the one with the lowest unemployment rate in the world. Canada also promotes a good work-life balance with countless entertainment sources, including vibrant nightlife.
The demand for MBA graduates is relatively high in Canada. According to QS News Ranking for 2020, Canada has more than 18 business management schools listed among the top universities globally.
These business schools provide a top-quality education with an advanced syllabus. After completing the course, students land a high-paying job in tech giants or leading start-ups. A professional with an MBA degree in Canada earns approximately CAD 82,670 per year, according to PayScale.
In addition, Canada also allows international students to work in the country with a work permit easily. International students can apply for a work permit after completing their MBA program. Furthermore, the cost of a two-year MBA program in Canada for international students is CAD 35,100. Simultaneously, the program cost for domestic students is CAD 23,400. Notably, top business schools in Canada offer a 30 percent discount to Canadian forces members and veterans.
Eligibility Requirements for MBA in Canada
An applicant must have a bachelor’s degree from an accredited university with a cumulative Grade Point Average (GPA) of 3.00 or more out of a 4.33 scale.
With an undergraduate degree, a student must have one of the follows:
- A high score on the Graduate Management Admission Test (GMAT).
- Academic Qualifications:
To be eligible for an MBA program in Canada, candidates must hold a recognized undergraduate degree from an accredited institution. The degree can be in any discipline, although some universities may have specific prerequisites or recommend a background in business or related fields. It is essential to research and verify the specific academic requirements of each university to which you intend to apply.
Work Experience:
Most MBA programs in Canada prefer applicants with relevant work experience. The work experience requirement varies among universities but generally ranges from two to five years. This criterion is intended to ensure that candidates have practical exposure to the business world, enabling them to contribute effectively to class discussions and understand the real-world application of MBA concepts. Some universities may also consider internships, co-op placements, or other professional experiences as part of the work experience requirement.
GMAT/GRE Scores:
The Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) scores are a crucial component of the MBA application process in Canada.
These standardized tests assess a candidate's analytical, quantitative, verbal, and writing skills. While not all universities require the GMAT/GRE, it is highly recommended to take one of these exams to strengthen your application and demonstrate your aptitude for the program. Each university sets its own minimum required score, so it is important to research the score expectations of the institutions you are considering.
English Language Proficiency:
Since English is the primary language of instruction in Canadian MBA programs, international applicants whose first language is not English are required to demonstrate proficiency in English. The most commonly accepted English language proficiency tests are the International English Language Testing System (IELTS) and the Test of English as a Foreign Language (TOEFL). The minimum required scores vary among universities, but generally, a minimum score of 6.5 to 7.0 on the IELTS or 90 to 100 on the TOEFL iBT is expected.
Some universities may also consider other English language proficiency tests, such as the Pearson Test of English (PTE).
Application Essays and Letters of Recommendation:
MBA programs in Canada typically require applicants to submit application essays and letters of recommendation. The essays provide an opportunity for candidates to showcase their personal and professional experiences, career goals, and motivations for pursuing an MBA. Letters of recommendation are typically requested from supervisors, professors, or individuals who can attest to the applicant's qualifications and potential. These components allow the admissions committee to gain insights into the candidate's character, leadership abilities, and potential contributions to the MBA program.
Some universities may require applicants to participate in an interview as part of the admission process. The interview provides an opportunity for the admissions committee to assess the candidate's communication skills, interpersonal abilities, and alignment with the values and goals of the program. It is crucial to prepare for the interview by researching the program, reflecting on your experiences and goals, and practicing common interview questions.
Other Considerations:
Apart from the core eligibility requirements mentioned above, there are a few additional factors that may be considered during the admission process:
- An undergraduate degree in Business Administration or Commerce.
- At least three years of professional experience in the management field.
- Proficiency in the English language with an IELTS score of 6.5 or above.
Notably, applicants who do not fulfill the above requirements can also apply for the MBA program after completing the foundation course in management. So, leap ahead in your career by enrolling in the leading management school in Canada.
