Overseas education can prove to be quite costly and it is best to make the correct decision right at the beginning so that it can help students gain admission to MBA courses in Canada.
Duration of MBA in Canada
Most of the MBA programs in Canada are of 2 years duration but there are some which get over in a matter of 18 months. Such courses are known as Accelerated MBA. However, students also have the option of completing their MBA program in a single year from institutions like Thompson Rivers University, Ted Rogers School of Management, Faculty of Business University of Manitoba, Edwards School of Business MBA, Ivey MBA Program at the McMaster University at Canada. The one year MBA programs are great options for students who are working and are unable to spend two whole years finishing their MBA degree. It is also ideal for students who already have a Master’s degree or a post graduate studies of any level.
In order to be granted admission to a reputed MBA program in Canada, an applicant must have an Undergraduate degree of 4 years along with a Graduate Management Admission Test (GMAT) score, proper work experience, and, in case of foreign applicants whose primary education language is not English, a TOEFL or Test of English as a Foreign Language score.
Every individual school for MBA in Canada establishes the specific details of the aforementioned admissions criteria along with other prerequisites. MBA schools in Canada usually require an average GMAT test score of 550 but it can range from a low point of 500 to a high over 600. However, the GMAT requirement is not absolute and an institution may look into different factors that can compensate for the low GMAT scores of a student. These range from personal statements to work experience, career aspirations to the way the student presents himself/herself in front of the admissions committee.
Fees for Tuition
MBA institutions in Canada can be a bit pricey. The average tuition cost in Canada for an MBA program can run up to CAD $31,856. In most cases, tuition fees in reputed MBA institutions for international students happen to be higher than those for the local Canadian students. However, there are exceptions like Simon Fraser University, Queen’s University and Lansbridge University.
If students are on a budget and searching for schools that cost lower than CAD $20000, they can consider the Dalhousie University, HEC Montreal, Carleton University and Memorial University of Newfoundland.
If the student can go higher between CAD $20,000 to CAD $30000, they can look for admission in Cape Breton University, the Royal Military College, Laurentian University, Vancouver Island University and Schulich School Business at York University.
For students who are prepared to spend around CAD $30000 to CAD $45000, the best options are the University of Alberta, the College of Management and Economics at Guelph University, Sauder School of Business at University of British Columbia, Haskayne School of Business at University of Calgary and the DeGroote School of Business at McMaster University.
The tuition costs at Queen’s University, Royal Roads University and Athabasca University can run anywhere between CAD $45000 to CAD $60000. The best MBA colleges in Canada i.e. Joseph L. Rotman School of Management at the University of Toronto and the Richard Ivey School of Business at University of Western Ontario cost over CAD $60000 on an annual basis.
MBA courses in Canada can be hard to crack but once a student gets admission they will have access to numerous resources necessary to further their career. Thus, Canada is one of the best destinations for students who want to pursue a career in business.