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    MBA in International Business in Canada: Colleges, Admission Requirements, Cost, Scholarships, Scope

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    Komal Yadav

    Study Abroad Expert

    MBA in International Business in Canada is a 2-year full-time degree offered by a handful of Universities. Among these are York University and the University of Alberta, that rank among the top 150 business schools across the world, as per the QS MBA ranking for 2021. This specialization is majorly opted by MBA aspirants who wish to develop a global mindset and understand business management practices across the globe.

    The basic eligibility for admission is similar to a traditional MBA in Canada with fees ranging from 42,306 CAD to 106,900 CAD (equivalent to 24 lakhs - 61 lakhs INR). Canadian colleges offering MBA in International Business follow a similar curriculum. In the first-year fundamentals of business are a major concern and students get to choose international business as a specialization in the second year.

    Support your education through scholarships for international students in Canada!

    International business is considered one of the popular specializations for high-paying MBA jobs in Canada. Organizations hire MBA in IB graduates to resolve intercultural issues and ensure smooth transaction of goods/services across international borders. Graduates with MBA in International Business in Canada earn an average salary of 78,176 CAD per annum

    Universities for MBA in International Business in Canada

    Out of the 3 universities offering MBA in International Business, two of them rank amongst the top 10 business schools of Canada, according to QS Ranking 2021. Students are required to have a 4-year undergraduate degree, a minimum of 2 years of work experience, and a GMAT score of 550 to apply to these 3 universities. Their course curriculum and admission process are discussed in detail as follows:

    MBA in International Business at University of Alberta

    University of Alberta offers 2 - year full-time MBA in International Business. The first-year course curriculum is the same for everyone. You will get to choose international business as a specialization from the second year. Class of 2020 enrolled over 38% of the international students and more than 30% of the strength was from science backgrounds

    Application Portal https://graduate-studies-apply.ualberta.ca/urd/sits.urd/run/siw_ipp_lgn.login?process=siw_ipp_app_crss
    Application Fees 100 CAD
    Intake Month April
    Tuition Fees (in CAD) 42,306
    GMAT Requirement Minimum: 550 (50th percentile of GRE also accepted) Average: 605
    % Required in Bachelors Minimum: 83% Average: 89%
    Work Experience Requirement Minimum: 2 years Average: 5 years
    English Proficiency Requirement IELTS: 7.0
    TOEFL (iBT): 100

    Admission Requirements for University of Alberta MBA:

    • 4-year bachelor's degree of any background (3-year also accepted with an applicant has a strong profile)
    • 2 professional LORs
    • 1 to 2-page Statement of Purpose for MBA in IB
    • 2 round of interviews:
      • 1st round: Submission of a pre-recorded video having answers to 4 questions: 3 of them should be verbal and 1 could be written
      • 2nd round: One-on-one interview with admission committee through Skype

    International MBA at York University

    International MBA (IMBA) is a 2-year program offered by York University’s Schulich School of Business. The first-year degree is full-time whereas students have the option of choosing part-time classes in the second year. Language training sessions in English, French, Spanish, German, Mandarin, and Japanese are also provided by the university. Students also get to choose from 18 specializations of IMBA at York University in the second year of study.

    Application Portal https://schulichapplication.secure.force.com/Application
    Application Fees 150 CAD
    Intake Month September, October, January, March & April
    Tuition Fees (in CAD) 106,900
    GMAT Requirement Minimum: 550 (or 50th percentile in GRE in all sections) Average: 660 (50th percentile in all sections)
    % Required in Bachelors 74% - 76% in last 2 years of study
    Work Experience Requirement 2 years
    English Proficiency Requirement IELTS: 7.0 (6.5 in each section);
    TOEFL (iBT): 100 (23 in each section)

    Admission Requirement for York University MBA:

    • 4-years bachelors degree (3-year accepted if work experience is more than minimum requirement)
    • 2 written essays of 350 words,
    • 1 written essay within the time limit of 5 minutes
    • 2 video essays of 90 seconds based on questions asked by the university
    • Updated Resume
    • 2 professional LORs for MBA in IB

    As the fees of York University’s MBA in international business are the highest, international applicants can opt from a pool of scholarships at York to fund their higher education. 

    University of Regina MBA in International Business

    A 2-year full-time MBA is offered by the University of Regina solely focused on international business specialization. Its curriculum includes six core modules of business fundamentals and 4 courses specific to IB.

    Application Portal https://banner.uregina.ca:17023/ssbprod/bwskalog.P_DispLoginNon
    Application Fees 100
    Intake Month March, July, October
    Tuition Fees (in CAD) 68,540
    GMAT Requirement 500 (or equivalent GRE)
    % Required in Bachelors 70%
    Work Experience Requirement 2 years
    English Proficiency Requirement IELTS: 6.5 (6.0 in each section)
    TOEFL (iBT): 80 (20 in each section)

    Admission Requirements for University of Regina MBA:

    • 4-year bachelor's degree in any field
    • 2 LORs (confidential recommendation forms to be sent directly by referee to university)
    • Resume
    • Statement of Purpose

    Note: Students having more than 75% in their bachelor's studies are not required to submit GRE/GMAT test scores.

    Looking for MBA in International Business in Canada? Also, explore Masters in International Business in Canada

    Cost of Study for MBA in International Business in Canada

    All international students have to bear two types of cost for studying in an abroad university, pre-arrival cost, and post-arrival cost.

    Pre-arrival Cost

    Expenses incurred at the time of application and enrollment to a university are known as pre-arrival costs. These include visa fees, registration fees of tests required to study in Canada, airfare, application fees, health insurance, etc. An average of such costs are tabulated as follows:

    Type of Expense Cost (in CAD)
    Canadian Student Visa 178
    IELTS Fee 190
    TOEFL Fee 160 - 250
    Health Insurance 10,000
    GMAT Fee 345
    GRE Fee 280 - 320
    Airfare 450 - 1400

    Other Costs for MBA in International Business in Canada

    Post-arrival cost includes tuition fees and cost of studying in Canada. Accommodation and tuition costs are the major expenses for international students in a foreign country. However, accommodation varies on the type of lifestyle and province you are living in.

    Tuition fees of an MBA in International Business in Canada for an Indian student ranges between 24 lakhs - 61 lakhs INR. Amongst the three institutes, York charges the highest fee whereas the University of Alberta is the cheapest.

    A breakdown of the cost of living in Canada for an international student is provided below:

    Type of Expenses Monthly Cost (in CAD)
    Accommodation 850 - 1000
    Books and Supplies 327
    Groceries 300
    Transportation 100 - 250
    Others 300

    MBA in International Business in Canada with Scholarships

    Scholarships available for international students pursuing MBA in Canada can also be availed by those who choose international business as a specialization. University of Alberta and York University also offer a number of scholarships specific to this specialization. International students can also apply for external funding, awards by NGOs and the government to support their education financially.

    Some scholarships offered in Canada for students of MBA in International Business are :

    Scholarship University Amount (in CAD)
    Entrance Awards University of Alberta Up to 15,000
    Karl Funke Graduate Scholarship in International Business University of Alberta 1,000
    Hong Kong Economic & Trade Office MBA Award in International Business University of Alberta 2,000
    Rolf Mirus Graduate Scholarship in International Business University of Alberta 1000
    Robert Krembil Scholarship of Merit York University 40,000
    Resource Capital Funds Scholarship York University 15,000
    FGSR - Graduate Scholarship Base Fund University of Regina 5,000 per year (for 2 years)

    MBA in International Business in Canada Scope

    Approximately 40% of Canada's goods and services are exported to other countries. Most organizations face issues with the management of demands across borders. Hence, they hire graduates with MBA in International Business in Canada as they have the skills to compete in the constantly changing global marketplace. Their demand has risen significantly due to globalization.

    A graduate with MBA in International Business in Canada earns an average salary of 78,176 CAD per annum. TD Financial Group, one of the top recruiters of this specialization, offers an annual pay grade of up to 101,000 CAD. The other two high-paying recruiters are Otis Elevator Company and Thought Technology Ltd. offering an average annual salary of 65,000 CAD and 48,000 CAD respectively.

    Some popular job roles in Canada for MBA in International Business graduates are tabulated as follows:

    Job Role Average Annual Salary (in CAD)
    Project Manager 94,000
    Chief Operating Officer 123,000
    Product Manager 90,000
    Business Development Manager 64,000
    Assistant Sales Manager 74,000
    Logistics Manager 45,000

    With globalization and advancement in technologies, many organizations have offices or client bases in other countries as well. Hence, they employ graduates with MBA in International Business to reduce cross-cultural differences and manage operations globally. 

    FAQs

    Ques. What can I do with an MBA in International Business in Canada?

    Ans. You can work for MNCs or organizations with having a client base in foreign countries with MBA in International Business in Canada. Some of the popular job roles are Project Manager, Chief, Operating Officer, Product Manager, Business Development Manager, Assistant Sales Manager, and Logistics Manager.

    Ques. Which MBA is best in Canada?

    Ans. MBA in Finance is considered to be one of the best specializations in Canada because of the high-paying jobs and more vacancies. However, MBA in International Business also has a scope as a result of globalization.

    Ques. Is MBA in international business a good career?

    Ans. MBA in International Business equips students with the ability to adapt towards changing global marketplace. Due to globalization, more MNCs are hiring such graduates. Hence, it is safe to say that MBA in International Business is a good career.

    Ques. Which country is the best for MBA in International Business?

    Ans. The USA and UK are considered to be the best countries for pursuing MBA in International Business since most of the MNCs have headquarters in these countries. Canada is considered to be the close third as 40% of this country’s goods and services are exported and to ensure smooth functioning, organizations hire international business managers.

    Ques. What universities offer MBA in International Business in Canada?

    Ans. 3 universities namely, York University, University of Alberta, and the University of Regina offer MBA in International Business in Canada.

    Ques. How much does a graduate with an MBA in International Business degree in Canada earn?

    Ans. The average salary of students with an MBA in International Business degree in Canada is 78,176 CAD per annum. This can go as high as 101,000 CAD per annum.