Interested in applying and studying an MBA degree in Canada? Go through the following guide about the different MBA programs offered by Canadian B-schools.
MBA in Canada
Over the last few years, international full-time MBA programs have taken the world by storm and are experiencing tremendous success with flying colors. The placement rates and starting salaries for graduates of B-schools from Canadian universities are remarkably high. This has made Canadian schools rank among the top ten institutions for MBA in the world. The wonderful degree flexibility and affordability has further added to the popularity of the Canadian MBA programs round the globe. The comprehensive cooperative learning and excellent international exposure instills appropriate knowledge, skills, and abilities in an individual to take his career graph to new heights, or even more. Unlike the traditional concept of letting one to advance his aspirations within business, an MBA degree from an esteem B-school of Canada has much more to offer beyond one’s imagination. Apart from exploring career openings in the related industry, MBA graduates have great chances of becoming educators in post-secondary institutions where having a doctoral degree is not essential, pursuing doctoral-level studies, and turning media analysts or researchers. So, take your first step towards earning your MBA degree by glancing through the useful information listed in the lines below. Check out the plethora of specializations offered for MBA and the procedure for applying to a B-school in Canada.
MBA in Canada
Degree Recognition
Canada provides the right opportunity to turn your dream of pursing an MBA into reality, through meeting international high educational standards and low study and living costs. Students who earn an MBA degree from a Canadian B-school have better chances of career opportunities, business networking, lucrative earnings, and growth prospects.
Degree Structure
MBA program curriculum extends beyond teaching business fundamentals and disciplines, and developing soft skills within future professionals. The duration of a MBA program in Canada runs from 10 months to about 2 years, depending upon the structure and curriculum of the MBA program applied for. B-schools in Canada offer three kinds of MBA programs, namely, generalized, specialized, and combined. Generalized MBA, also known as generic, general management, or traditional MBA, imparts in students management knowledge, skills, and abilities essential for operating within varies aspects of a business. A generalized degree runs for 2 years in length, wherein the first year educates about basic business fundamentals while the second year gets a step deeper into an area of concentration the students wish to specialize in.
Specialized MBA programs run for 1 year or even less, offering applicants to sharpen their knowledge and skills in a particular area or aspect of business, valuable for a specific field, industry, or sector. However, there are certain B-schools who offer customized MBA, also referred to as Corporate MBA, which can be availed only by working professionals to enhance their abilities and hence, are tailor-made. Finally, the combined MBA programs, lasting for up to 4 years, provide the opportunity of earning a degree in business and in another discipline, such as agriculture, arts, engineering, law, and medicine, both at the same time. Depending upon the structure of the program, a portion of the course can be either generalized or specialized. The successful completion of the course and being honored with an MBA degree opens numerous career opportunities in the private, public, and not-for-profit sectors.
Academic Calendar
The academic calendar for Canadian universities and private colleges is pretty similar to universities in the United States. An academic year comprises of two terms and one session. The fall term runs from September through December while the winter term begins in January and ends in April. The winter term is followed by a summer session which starts in early May extending up till mid-August.
Specializations for MBA Program
Accounting; Arts & Media; Brand & Product Management; Business & Public Policy; Business Administration & General Management; Communications & Media Management; Communications Technology Management; Computer Information Systems; Consumer Behavior; e-Commerce; Economics & Statistics; Entrepreneurship & Venture Management; Finance & Finance Management; Graduate Business (general); Health Care Administration; Hospitality & Tourism Management; Human Resources Management; Insurance & Risk Management; International Management; Leadership; Management Consulting; Management of Information Systems; Marketing Management; Marketing Research; Multinational Management; Nonprofit Management; Petroleum Management; Product Development; Production & Operations Management; Project Management; Quality Assurance; Quantitative Methods; Real Estate Management; Retail Management; Sales Management; Services Management; Sports & Leisure Management; Strategic Management & Policy; Supply Chain Management; Sustainability & Environmental Management; Taxation; Technology Commercialization
Admissions Requirements
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Previous academic record plays a vital role in deciding upon your eligibility for securing admission in a MBA program in Canada. It is important to hold a good and positive academic record to obtain admission in a reputed B-school.
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Though each business school has its own individual minimum requirements for admission to an MBA program, it is highly recommended that you have completed a 4-year undergraduate course.
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Transcripts (mark sheets) should be provided by each and every educational institution you have attended post secondary school. They should be duly signed and attested across the seal by the registrar. In fact, most business schools demand transcripts to be sealed in an envelope. Get multiple copies of all the transcripts.
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Never convert your marks in your country’s system of grading into the Canadian Grade Point System, as the conversion may not always be accurate and can cause problems in granting your admission. Ideally, you can attach an explanatory note from your college stating your rank in the university, against the number of students in your class and in the university.
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All transcripts produced in a language other than English must be translated into English, only by the issuing authority or university; else your application may be disqualified.
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GMAT and TOEFL are the two standardized tests necessary to qualify for admission to an MBA college in Canada. The minimum GMAT score required by a top university ranges from 500 to 600, while the minimum score for TOEFL varies from 550 to 600 (Paper-based test) and 213 to 250 (Computer-based test).
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Applying for an MBA program in Canada requires the applicants to have a working experience of a minimum 2 to 3 years. As such, a detailed resume should be drafted, indicating all the necessary information about the professional working experience, such as positions held, achievements, and scope of work.
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Letters of reference or recommendation are extremely important for admission to an MBA program in all Canadian universities. These proofs of your professional and personal background should be signed by people who know you well professionally or have taught you in a subject related to the course you are applying to. These should highlight some concrete examples of your qualities, strengths, and potential.
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Statement of purpose or personal essay is yet another significant criterion for evaluating your application for admission. This essential factor is important for presenting you as an individual and marketing yourself to the university applied.
Application Procedure
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Application form can be had from the university’s website. Most universities require applicants to complete the form online and request for application material.
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As an alternate, forms can also be downloaded and used as normal forms. You can fill them up and mail them to the mailing address of the admissions office of the respective university.
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Following the admission requirements for each university, complete the form and attach all the necessary documents.
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Keep a note of the closing dates for applying to the universities and send your application before the deadline.
Tuition Fees in CDN$
The cost of pursuing an MBA program in Canada differs from institution to institution. The tuition fees in a Canadian university range from $10,000 per year to $80,000 per year, with an average of $30,000 on a yearly basis.
The cost of pursuing an MBA program in Canada differs from institution to institution. The tuition fees in a Canadian university range from $10,000 per year to $80,000 per year, with an average of $30,000 on a yearly basis.
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