Masters in Management in Canada- Complete Guideline for International Students
Masters in Management in Canada is a two-year program designed for students who want to make a prominent mark in leadership roles. Masters in Management in Canada is a program, in many ways, similar to the course structure of MBA. However, it focuses majorly on management skills like strategic management, human resource management, ethical decision making, public relations, and more.
Most of the top-ranking universities in Canada offer masters in Management course programs for international students. Due to a wide horizon of career opportunities, the graduates of masters in Management can opt for job prospects in industries like finance, supply chain management, consulting, accounting, public administration, and others. The average tuition fees for masters in Management in Canada is CAD 56,000 annually.
Reasons to choose Masters in Management in Canada
- Masters in Management is a course program focusing on specialized subjects like entrepreneurship, marketing analytics, operations management, etc.
- Unlike an MBA in Canada, the applicants do not need to have any previous work experience to enroll in these courses in Canada.
- In comparison with MBA, Masters in Management in Canada has low tuition fees with a wide range of career opportunities post-study.
- In the past decade, it has been noticed that Masters in Management graduates across the world increased by 49%. Canada is chosen over other countries for masters in Management for its multicultural lifestyle.
Top Universities in Canada for Masters in Management with Specialization
Masters in Management in Canada is a popular course among international students because of its innovative specializations. This course doesn’t only offer standard management education but it also offers various management courses required across industries. Here is the list of specialization subjects for masters in Management in Canada:
|Name of University||National Ranking||Specialization||Course Duration|
|Odette School of Business, University of Windsor||21||Human resource management, leadership, and organizational change, logistics and supply chain management, international financial management||16 months|
|Sauder School of Business, University of British Columbia||2||Strategic management, managerial accounting, operations, and logistics||9 months|
|University of Manitoba||10||International finance, Accounting||12 months|
|University of Lethbridge||33||Accounting, International management, marketing, information systems, HRM and labor relations||24 months|
|Smith School of Business, Queen’s University||80||Artificial Intelligence, International Business, Innovation, and Entrepreneurship,||12 months|
|McGill University||3||Analytics, Supply chain management,||12 months|
|University of Toronto||1||Finance, Analytics||10 months|
|HEC Montreal||61||Applied Financial Economics, Business Analytics, Finance, Financial Engineering, International business||16-24 months|
Admission Process for Top Canadian Universities Offering Masters in Management
Masters in Management is a much sought after program by many international students who wish to study in Canada. A detailed list of entry requirements has been given below for the applicants:
|Parameters||Odette School of Business, University of Windsor||Sauder School of Business, University of British Columbia||University of Manitoba||University of Lethbridge||Smith School of Business, Queen’s University||McGill University||University of Toronto||HEC Montreal|
|Application dates||March 1 (deadline for Fall)||March 31, 2020||March 1, 2020||February 1, 2020||January 15, 2020 (closed)||February 1, 2020||September (once a year)||April 15, 2020|
|Application Fee||CAD 125||CAD 162||CAD 100||CAD 125||CAD 125||CAD 118||CAD 195||CAD 130|
|GMAT||520||620 (320+ GRE score with a minimum of 155 both quantitative and verbal)||550||550 (310 GRE with 4 in Analytical writing)||640 with 85 percentile||650||570 with 4 in analytical writing assessment||630 or above|
English Language Proficiency for International Students
International applicants from non-native English speaking countries may be required to submit proof of language proficiency. Standardized English language test scores can be submitted, however, most universities have a minimum score requirement for admissions. The details of the minimum score requirement is tabulated below:
|Odette School of Business, University of Windsor||7.0 overall band||100|
|Sauder School of Business, University of British Columbia||7.0||100|
|University of Manitoba||6.5||100|
|University of Lethbridge||6.5 (6.0 band score)||80 with a minimum of 16 in listening, reading, speaking and 18 in writing|
|Smith School of Business, Queen’s University||7.0||88 with 24 in writing, 22 in reading and speaking and 20 in listening|
|McGill University||6.5 overall band||86 with 20 in each section|
Documents Required by International Students
For admission completion, all international students require a list of documents to be submitted. The document list includes:
- Online application and application fee: The applicant has to initiate an online application process by submitting a non-refundable fee to the university authority. At the end of the process, the applicant needs to save those application documents for future references.
- Transcripts: At the time of admission, the applicants need to submit the transcripts of the degree received in the last attended academic institutions.
- Letter of reference: A minimum of two letters of reference have to be submitted by those who have taught the applicant.
- English proficiency exam score: International students of non-English speaking countries have to submit English proficiency exam (IELTS, TOEFL etc.) scorecard.
- GMAT or GRE score: For a Masters in Management, the applicants must write GMAT/GRE exam. Applicants need the required qualifying score by the time they fill out their applications.
- Criminal record check: The applicant needs to submit the documents without any criminal history. This should be attested by a higher authority.
- Statement of Interest: It is also known as a statement of purpose. The applicant has to submit the statement of intent to assert their need of the course and also how can they contribute to the course in a an enriching manner
Tuition fees for Canadian Universities offers Masters in Management
For an international student, tuition makes up for the majority of expenses when studying abroad. The tuition fees include books, library charge, and academic fees. Here is the list of Canadian Universities along with their total tuition fees for masters in Management course
|University||Total Tuition Fees (CAD)|
|Odette School of Business, University of Windsor||36000|
|Sauder School of Business, University of British Columbia||46798|
|University of Manitoba||33,826.78|
|University of Lethbridge||26,087.61|
|Smith School of Business, Queen’s University||14898|
|University of Toronto||63430|
*1CAD= INR 54.07
Masters in Management from Canada- Cost of Living
Besides tuition fees, the international students will also have to think about accommodation, transport, meal plans and other miscellaneous expenditure. Monthly cost of Living in Canada for international students across different cities is given below :
|Total||2350 (approx. 2500)||1770 (approx. 2000)||1680 (approx. 1800)||1385 (approx. 1600)||1970 (approx. 2300)||2245 (approx. 2400)|
*1CAD= INR 54.07
Canadian Visa Interview: Document Required for International Students
More than two lakh International students apply for the universities in Canada. Because of better academic culture and analytical skills, Canadian universities are preferred by many International degree seekers. Getting a visa is a crucial part and the applicants need to have a list of documents for a visa interview. An overview of the documents required is given below:
- Acceptance letter: Without the letter of acceptance, the applicant will not be able to apply for student visa.
- Valid Passport: As per the Canadian High Commission, the validity of the passport must cover the course duration for which the applicant has opted for. Masters in Management from Canada has a course duration for 16 months. If a student is traveling in September 2020, then the passport should be valid till September 2022.
- Financial Proof: Canadian immigration requires proof of the financial ability of the applicant. The bank account should have the necessary funds required to sustain oneself for one year of stay in Canada along with travel cost for one side.
- Photograph Specifics: Photographs should be taken in front of a plain background with no facial expression. Image should be recent.
- Immigration Medical Examination: International students from India have to take a mandatory medical checkup from impaneled doctors of Canadian Immigration. The examination should be taken a week before the visa application/
- English Language Proficiency: The applicants should submit the English proficiency test scorecard to show confirmation in Canadian universities.
- Statement of Purpose: The applicant must submit an essay explaining the reason to choose Canada for educational destination and also for choosing the particular institution to study masters in Management in Canada.
Scholarships to Study Masters in Management in Canada
World-class education no doubt costs higher. Canadian Universities, therefore, offer various financial aid to their performing students. A list of scholarship in Canada for international students is given below:
|Odette School of Business, University of Windsor||UWindsor scholarships||95% off in tuition fees|
|Sauder School of Business, University of British Columbia||Asia Top Talent Scholarships||CAD 10000-CAD 35000|
|University of Manitoba||University of Manitoba Graduate Fellowships||CAD 14000|
|University of Lethbridge||Derrick and Lytta Pereira Prize||CAD 1500|
|Smith School of Business, Queen’s University||Principal’s International Scholarship India||CAD 19000|
|McGill University||Dr. Peter Briant Award for Entrepreneurship||Varies|
|University of Toronto||Pearson Scholarship||Off for tuition fees and|
|HEC Montreal||Entrance scholarships||CAD 4000|
Job Prospects for the Graduates of Masters in Management from Canada
Canada is a land of opportunities for many international students. Some of the high paying jobs in Canada for international students are location-based. With a wide range of specializations available, multiple sectors of the industry can be chosen for pursuing a career.
Some of the top employers for management postgraduates are Amazon, HSBC, Accenture, Oliver Wyman, Deloitte, Numera Analytics, etc. Depending on the specialization opted, you can build a career as a business development manager, project manager, management consultant, etc.
Return on Investment for Masters in Management in Canada
Opting management courses for graduate degrees will bring high return on investment in job prospects.
|University||Average Salary Package (CAD)|
|Odette School of Business, University of Windsor||74000|
|Sauder School of Business, University of British Columbia||84422|
|University of Manitoba||105036|
|University of Lethbridge||123,000|
|Smith School of Business, Queen’s University||126043|
|University of Toronto||118165|
Masters in Management in Canada is a course program for less than 2 years for international students. The course has high on return because of its wide job perspectives. Masters in Management had been introduced first in Europe, after its success it became a global phenomenon. Since every student time is a stringent factor, Canadian universities offer a great return on an investment after a shorter period of time.
The image above depicts that most of the universities like McGill, Queen’s University, and University of Manitoba give the students a higher return. When compared with MBA, the graduates of Masters in Management are suitable for different managerial posts. The elective subjects are also designed for the course work to develop their managerial skills. Another important reason for the international students to opt for this degree is its lesser fee structure of MBA. In the long run, masters in Management graduates will be earning a salary equal to that of MBA graduates.