Want to Study MBA in Canada? Here’s What You Need to Know

Canada’s Requirements for MBA

While each university has its own set of requirements, the following are the most common eligibility requirements for MBA admission:

•  You need a minimum GMAT score of 500-700 out of 800 to get into a prestigious Canadian institution

• You need to have three to five years of relevant work experience in a related field (institutions favor students with at least one year of work experience)

• Out of 800, you need a minimum GMAT score of 500-700 to enter a decent Canadian institution

• A bachelor’s degree in any field from a school with accreditation. Most institutions demand a four-year bachelor’s degree; however, some will accept a three-year degree

• Minimum IELTS Scores for Canadian universities

Don’t let a study break discourage you. There are some situations in Canada where you can get away with it.

Career Opportunities

MBA students have access to a wide range of desirable work choices thanks to the excellent standard of education offered in Canada.

• Small and medium-sized businesses (SMEs): These are the sectors that employ the highest number of recent business school grads. Preference is given to those with management-specific training and an open mind about opportunities for further education and exposure.

• Finance and Consulting: The top employers of MBA candidates continue to be businesses that offer consulting and financial services. As a result, many international students select to study for an MBA in Finance in Canada.

• Co-op education: This program, also known as cooperative education, enables you to work in a field related to your subject of study. You can continue your education while doing a job that is linked to your curriculum. Doing this will build trusting relationships that could help you find employment.

• Technology: With the market at a record high, enterprises centered on technology offer MBA graduates the most promising career opportunities.

Business management expertise, accounting, budget management, human resources, office management, and operations management are in demand among people on student visas.

These are prospective employers:

• Business Development Bank of Canada

• Capgemini Group

• Ceridian Canada Ltd.

• Forazni Group Ltd.

• IBM Canada

• Manulife Financial Corporation

• Petro Canada

• Royal Bank of Canada

• Unilever Canada

Wages to Expect After Studying MBA in Canada

In Canada, the average annual compensation for a business manager is CAD 69,266.

An entry-level business manager can anticipate earning an average income of CAD 55,412 with less than one year of experience (including tips, bonuses, and overtime). The typical salary for an entry-level business manager with one to four years of experience is CAD 59,392. A mid-career business manager with five to nine years of experience can expect an average yearly salary of CAD 68,552.

In Canada, a business manager with 10 to 19 years of experience makes an average yearly pay of CAD 79,188. The annual average wage for workers in their late careers (20 years and up) is CAD 81,347.

Work Permits After Studying MBA in Canada

As an international student who has successfully completed a post-graduate degree, you can live and work in Canada for up to four years. You have up to 180 days from completing your PG studies, and you receive your final marks to submit your PGWP application.

Conclusion

Every year, half a million overseas students attend Canadian colleges and universities because of the flexible visa rules, internships at reputable management organizations, and other factors. Studying MBA in Canada is well worth it.

Are you planning to study MBA in Canada but are still deciding which universities or courses would be best for you? Arrange a free consultation today and speak with a knowledgeable counselor of Great North Visa.