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Masters in Business Analytics in Canada: Top Universities, Admission Process, Tuition & Cost of Study, Scholarships, and Job Prospects

Bhavya Rawal Bhavya Rawal
Study Abroad Expert

Masters in Business Analytics in Canada is a one-two year program available as MBAN (masters in business analytics) and an MBA with specialization in business analytics. The average tuition fee for pursuing MS in Business Analytics in Canada is around 20,000 to 50,000 USD.

Masters in business analytics courses intersect technology and business, providing analytical insights that help in achieving business goals. Business Analytics courses in Canada open a wide range of job opportunities for its graduates. A postgraduate in business analytics from Canada can earn around 70,000 to 100,00 USD/year.

Why Pursue Masters in Business Analytics in Canada

  • Around 8 Canadian Universities offer Masters in Business Analytics of which three are in the world’s top 100, according to QS World Universities Ranking, 2019.
  • According to the Bureau of Labor Statistics, the number of jobs related to business analytics will observe a steep rise of around 110,000 by 2026.
  • According to GMAC survey 2018, 71% of employers plan on hiring business school graduates for analytical roles. 52% of these hired applicants are required to have MBAN or a similar degree.

Business Analytics Course Description

Masters in Business Analytics is a one-two year program available to graduates of Computer Science, data analytics, or students with a background in statistical mathematics. The core subjects offered include big data analytics, predictive modeling, supply chain analytics, data visualization, energy analytics, and programming for analytics. Customer analytics, operations analytics, people analytics, and accounting analytics are other specializations available within the MBA program.

Top Universities offering Masters in Business Analytics in Canada

Masters in business analytics are available in some top-ranking Canadian universities and business colleges. These best universities/colleges for business analytics in Canada are mentioned below along with the program specialization available:

World RankingUniversity/CollegeProgram
#34UBC Sauder School of BusinessMasters of Business Analytics
#401-500York Schulich School of BusinessMasters of Business Analytics
#136University of AlbertaMBA Business Analytics
#201-250Western Ivey Business SchoolMS in Business Analytics
#137HEC UniversityMS in Data Science and Business Analytics
#42McGill UniversityMBA Business Analytics
#72McMaster DeGroote School of BusinessMBA Business Analytics
#501-600Carleton UniversityMS Business Analytics (collaborative masters)

Masters in Business Analytics in Canada Admission Process

International applicants who wish to study in Canada are required to fulfill some general criteria for admissions. However, the admissions process in master’s programs in Canada varies from institution to institution. The details of the admissions process are briefed in the sections below:

Where to Apply

Applicants must visit the program page on the official website of the institution they wish to apply for, for details on the admission portals/forms.

International applicants are suggested to apply for the fall term for most of the universities.

Masters in Business Analytics in Canada Eligibility

The general eligibility criteria for admission in business analytics courses in Canada is given below:

  • Completed education of 16 years- 10+2+4.
  • Completion of a four-year undergraduate program with exposure to linear algebra, statistics, and calculus.
  • Hands-on experience in computer programming and data analytics.
  • GPA of 3.0 on a scale of 4.0, suggesting the percentage score should be within 76-81% and letter grade as B or above.

Other university-specific requirements are as follows:

University/CollegeSpecific Eligibility Criteria
UBC Sauder School of BusinessGRE/GMAT
York Schulich School of BusinessGMAT (avg)- 680, Letter grade B+, work experience recommended
University of AlbertaGMAT- 550, 50% percentile in GRE, average work experience- 5 years, 60% in UG(Indian Applicants)
Western Ivey Business SchoolGMAT/GRE- recommended
HEC UniversityGMAT- 600, GRE, TAGE MAGE- 300 French language proficiency: TEF/TCF- B2 to C1 level
Carleton University2-year work experience, GMAT-550 or GRE equivalent, interview
McGill UniversityGMAT/GRE, interview
McMaster DeGroote School of BusinessWork Experience, GMAT- 600, KIRA online video interview

Masters in Business Analytics in Canada Application Requirements

Applicants for master’s programs are required to submit various documents along with their application. The details for the documents required for admission in Masters in Business Analytics in Canada are listed below:

  1. Transcripts: Certificates, mark sheets, and other documents from previous institutions must be submitted. Some universities ask applicants to submit original transcripts. However, some universities ask applicants to submit certified original copies of the transcripts.
  2. Proof of Language Proficiency: International applicants from non-native English speaking countries must submit proof of language proficiency. Applicants can submit the score of standardized language tests. The minimum score requirements for studying MS Business Analytics in Canada are as follows:
    1. IELTS: 7.0 (with a band score of 6.5 each). Carleton University accepts a minimum overall score of 6.5.
    2. TOEFL (iBT): 100. Carleton University accepts a minimum overall score of 87.
  3. Letter of Recommendation: Applicants for MS in Business Analytics are required to submit academic or professional letters of recommendation. Most of the universities require two-three LORs.
  4. Resume/CV: An updated professional resume is required along with the application.
  5. Supporting Documents: Statement of intent, personal essays are some of the additional documents that may be required for admissions.

Masters in Business Analytics in Canada without GMAT

GMAT is one of the mandatory requirements for pursuing a Masters in Business Analytics in Canada. However, some universities may waive off the GMAT requirement in special cases. Applicants with excellent academic skills may be considered for admission without GMAT in business analytics. International applicants must ensure that they contact the respective universities for details.

Admission Decisions for Masters in Business Analytics

Admission to MS in Business Analytics from Canada is a moderately selective procedure. UBC received around 392 applications for the 2018 term. However, admissions are offered to only 112 applicants. This suggests that the acceptance rate for UBC was only 28%.

The applications for all the universities are reviewed holistically. GRE/GMAT scores, LORs, and interviews play a decisive role in admissions. The decisions are released in a time period of two-six months.

Cost for Studying Masters in Business Analytics in Canada

International applicants planning to study in Canada are required to have minimum funds for supporting their studies for the first year. The costs of studying for international students can be widely distributed into three categories. These are pre-arrival costs, cost of study, and cost of living. The cost of studying or the tuition fee Masters in Business Analytics in Canada varies among different universities.

Pre-arrival Costs

Given below is a table indicating the one-time major costs involved for an international student planning to study abroad.

Type of ExpenseCost (USD)
Program Application Fees75-113*
Visa Application Fees235**
Health Insurance10,000
IELTS Fees185-190
TOEFL Fees160-250
GRE Fees205-230
GMAT Fees250
Airfare450-1400

*Depends on the university

**150 USD for a Canadian Study Permit and 85 USD is Biometric fees.

Tuition Fees of MS in Business Analytics in Canada

Tuition fees for pursuing Masters in Business Analytics from top Canadian universities are listed below:

UniversityProgram Fee/year (USD) (approx)
UBC Sauder School of Business42,000
York Schulich School of Business38,500
University of Alberta43,000
Western Ivey Business School51,600
HEC University20,353-20,730
Carleton University38,500
McGill University33,600
McMaster University30,250

NOTE: Applicants must ensure that they visit the official tuition fees pages for the program and university they opt for.

Other Expenses for Studying in Canada

International students in Canada spend a large sum of amount while studying on expenses other than the tuition. The expenses include the cost of living, books & material, transportation, etc. The table given below suggests an average of minimum expenses required for studying in that specific university:

UniversityMinimum Cost of Living (USD/year)
University of British Columbia12,700
University of Alberta15,000
Carleton University6,050-10,100
York University7,600
Western Ivey Business School15,000
HEC Montreal5,000
McGill University7,000
McMaster University8,000

The cost of books and material ranges around 756-1510 USD depending on the university. Food and beverages cost an international student around 3000-4000 USD in and around all the above-mentioned universities.

Masters in Business Analytics in Canada with Scholarships

International applicants enrolled in MBAN and MBA with Business Analytics specializations are offered various scholarships. The amount of scholarship awards varies from

ScholarshipAmount Offered (USD) (Approx)University
Asia Top Talent Scholarship International Talent Scholarship3780-7565 7565-11350University of British Columbia
No specific scholarships available.NAUniversity of Alberta*
Merit Scholarships756-9080Carleton University
Merit-based Entrance Award and International Student AwardVariableYork Schulich School of Business
Merit-based Awards15,129Western Ivey Business School
Entrance ScholarshipVariesHEC Montreal
Various Entrance Scholarships are available Scotiabank Fellowship3700-7500 3782McGill University
Provost Entrance Scholarship The Woo Family International Entrance Scholarship5673 2300McMaster University

*International graduate applicants can apply for funds from home country. MPOWER Financing can also be consulted for loans of up to 50,000USD for funding education.

Job Prospects for Postgraduates in Business Analytics in Canada

International applicants can work in Canada on a Canadian Work Permit. Some of the careers one can land in with MS in Business Analytics in Canada are listed below along with the median salaries offered. Some of the popular companies that hire students with a Masters in Business Analytics degree are Deloitte, CIBC, Air Canada, KPMG, etc.

Job ProspectMedian Salary (USD/year)Job ProspectMedian Salary (USD/year)
Business Analyst78,574Management Analyst72,117
Business Intelligence Analyst77,638Market Research Analyst53,625
Data Scientist107,500Business Data Analyst70,000
Data Analyst60,416Financial Analyst70,057
Revenue Management95,000Innovation Manager95,357
System Analyst73,956Business Intelligence Managers94,446

Masters in Business Analytics in Canada is a program gaining huge traction because of the increasing popularity of big data-related jobs. A rise in the number of applications received and applicants offered admissions is observed for popular universities like UBC.

With a postgraduate degree in business analytics students can land jobs in fields like financial services, retail, media, travel, healthcare, etc. With cushy median salaries of 50,000-70,000 USD at an entry level, MS in business analytics becomes a program of interest for students with a statistical mathematics background.

FAQs

Ques- What are some of the top universities in Canada to study Masters in Business Analytics?

Ans- Masters in business analytics in Canada is offered by some top ranking Canadian universities, like UBC Sauder School of Business, McGill University, McMaster University, York University, and others.

Ques- What is the cost of pursuing MS in Business Analytics in Canada for an Indian student?

Ans- The cost of studying MS in Business Analytics in Canada is around 9,00,000 to 10,00,000 INR.

Ques- How can I study MS In Business Analytics in Canada?

Ans-For studying MS Business Analytics, international applicants are required to fulfill all preliminary requirements. These include 4 years UG degree with B grade, taking standardized tests like GRE/GMAT, and submitting English language test scores- IELTS/TOEFL.

Ques- What are the minimum language proficiency scores required for admissions in MS in Business Analytics?

Ans- International applicants are required to have a minimum score of 7.0 on the IELTS and 100 on TOEFL.

Ques- What is the scope of Business Analytics in Canada?

Ans-Business Analytics is a rapidly growing field offering great opportunities to postgraduates from the same field. International students can work in sectors like market research analyst, management analyst, business analyst, financial analyst, etc.

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