Best Canadian Universities for Management
Canada boasts a reputation for housing some of the finest business schools. In this blog, we'll delve into the top-ranking colleges in Canada that provide Master of Management programs.
Canada boasts a reputation for housing some of the finest business schools. In this blog, we'll delve into the top-ranking colleges in Canada that provide Master of Management programs.
A Master's in Management (MiM) program in Canada spans over two years and is tailored for individuals aspiring to excel in leadership roles. Admission to Canadian universities offering MiM programs typically requires a bachelor's degree with a minimum score of 80% or higher, an IELTS score of 6.5 or its equivalent, and GMAT scores (although some institutions may offer waivers). Additionally, strong professional Letters of Recommendation (LORs) significantly influence the admission process for MiM programs in Canada.
The average annual tuition fee for MiM programs at Canadian universities amounts to approximately 56,000 CAD. For Indian students, this translates to around 33 lakhs per year. Fortunately, there are scholarships available to help alleviate these costs for those looking to pursue a master's degree in Canada. Given the substantial expenses involved, prospective students often weigh the potential returns. MiM graduates typically find employment in various sectors such as finance, supply chain management, consulting, accounting, and public administration, among others, with an average annual salary of around 75,000 CAD.
Canada is a favored destination for international students seeking a Masters in Management (MiM) due to its program's diverse and innovative specializations. This MiM program goes beyond traditional management education, providing a wide range of management courses essential for various industries. Below is a list of specialized subjects available in Masters in Management programs at Canadian universities:
| Top Universities | Program Offered | Annual Tuition Fees (CAD) |
| University of Toronto | M.Mgmt Analytics | 72,630 |
| University of British Columbia | Master of Management | 52,641 |
| McGill University | M.Mgmt Finance | 60,345 |
| University of Manitoba | Masters in Management | 18,969 |
| University of Windsor | Master of Management | 29,400 |
| University of Lethbridge | Master of Management | 20,585 |
| University of Montreal | Master of Management | 20,251 |
| Queen’s University | Master of Management | 15,000 |
A Master's in Management program in Canada offers specialized courses such as entrepreneurship, marketing analytics, and operations management, among others. One notable advantage is that, unlike pursuing an MBA in Canada, applicants are not required to have prior work experience to enroll in this master's program.
A Master's in Management program in Canada offers specialized courses such as entrepreneurship, marketing analytics, and operations management, among others. One notable advantage is that, unlike pursuing an MBA in Canada, applicants are not required to have prior work experience to enroll in this master's program.
Below are the application deadlines for leading universities that offer Master's in Management programs in Canada:
| University | Application Deadlines |
| University of Toronto | January 25, 2023 |
| University of British Columbia |
Round 2: January 10, 2023 Round 3 (final): March 14, 2023 |
| University of Montreal |
Fall: March 15, 2023 Winter: September 15, 2023 |
| McGill University | January 15, 2023 |
| University of Manitoba | Fall: February 1, 2023 |
| Queen’s University | January 9, 2023 |
| University of Lethbridge |
Other Majors: February 15, 2023 Business Analytics Major: June 1, 2023 |
Meeting these eligibility criteria can help you pursue a Masters in Management in Canada.
| University | Application Fees (CAD) | Required GPA (on a 4.0 scale) | GMAT Required |
| Odette School of Business | 125 | 3.3 (approx. 87-89%) | 520 |
| Sauder School of Business | 162 | 3.5 (approx. 89–90%) | 520 |
| Odette School of Business | 125 | 3.3 (approx. 87-89%) | 620 (GRE 320+) |
| Asper School of Business | 100 | 3.0 (approx. 83–86%) | 550 |
| Smith School of Business | 125 | 3.3 (approx. 87-89%) | 640 (85%+) |
| Desautels Faculty of Management | 118 | 3.5 (approx. 89–90%) | 650 |
| Rotman School of Management | 195 | 3.0 (approx. 83–86%) | 570 (with 4 in analytics writing assessment) |
| HEC Montreal | 130 | 3.7 (approx. 90–92%) | 630 or more |
These are the application requirements for various Canadian universities offering Masters in Management programs.
International students from non-English-speaking countries may need to provide proof of their English language proficiency as part of their admission requirements. This is typically done through standardized English language tests like IELTS or TOEFL. However, it's important to note that different universities may have varying minimum score requirements for these tests. These requirements may differ depending on the specific program you're applying to at each university.
So, when applying for a Master's in Management in Canada, make sure to check the English proficiency requirements of your chosen university and program to ensure you meet their specific criteria.
| University | IELTS | TOEFL |
| University of Windsor | 7.0 | 100 |
| University of British Columbia | 7.0 | 100 |
| University of Manitoba | 6.5 | 100 |
| University of Lethbridge | 6.5 | 80 |
| Queen’s University | 7.0 | 88 |
| McGill University | 6.5 | 86 |
| University of Toronto | 7.0 | 100 |
| University of Montreal | 8.0 | 114 |
These are the minimum IELTS and TOEFL scores required by various universities in Canada for admission to their Masters in Management programs. Please note that these scores may vary for different programs or may be subject to change, so it's important to check with the specific university and program you're interested in for the most up-to-date requirements.
These requirements ensure that international students meet the necessary criteria for admission into Masters in Management programs in Canada.
Studying abroad comes with various costs, and for international students pursuing a Masters in Management in Canada, tuition fees constitute a significant portion of these expenses. Tuition fees cover a range of academic expenses, including the cost of books and access to university libraries. Below, you'll find the total tuition fees for Masters in Management programs in Canada:
| University | Tuition fees (CAD) | Tuition fees (INR) |
| University of Toronto | 72,630 | 44.39 lakhs |
| University of British Columbia | 52,641 | 32.17 lakhs |
| McGill University | 60,345 | 36.88 lakhs |
| University of Manitoba | 18,969 | 11.59 lakhs |
| University of Windsor | 29,400 | 17.96 lakhs |
| University of Lethbridge | 20,585 | 12.58 lakhs |
| University of Montreal | 20,251 | 12.37 lakhs |
| Queen’s University | 15,000 | 9.16 lakhs |
Average Monthly Living Costs in Canada for International Students
| Expense Type | Average Cost (CAD) | Cost Equivalent (INR) |
| Accommodation | 1,037 | 62,465 |
| Food | 290 | 17,471 |
| Transport | 107 | 6,446 |
| Internet | 80 | 4,819 |
| Books and supplies | 163 | 9,818 |
| Miscellaneous | 310 | 18,673 |
These figures represent the average monthly living costs for international students in Canada. Costs are given in Canadian dollars (CAD) and their approximate equivalent in Indian rupees (INR) for reference. Keep in mind that living expenses can vary depending on the city and individual lifestyle choices.
Obtaining a student visa for Canada is a pivotal step for the over two lakh international students who aspire to study in the country. Canada's strong academic environment and emphasis on analytical skills make it a preferred destination for higher education. To secure a student visa, applicants must prepare a comprehensive set of documents for their visa interview. Below is an overview of the documents required:
The crucial first step is obtaining the acceptance letter from the Canadian university. Without this letter, the visa application process cannot proceed.
The applicant's passport should have a validity period that covers the entire duration of the chosen course in Canada. Typically, a Masters in Management program in Canada spans 16 months.
Canadian immigration authorities require evidence of the applicant's financial capacity. This includes having sufficient funds in a bank account to cover living expenses for one year in Canada, as well as the cost of travel to Canada.
Photographs for visa purposes should be taken against a plain background with a neutral facial expression. They must also be recent.
Indian students must undergo a mandatory medical examination by approved Canadian immigration panel physicians. This examination should be completed approximately one week before submitting the visa application.
Applicants need to provide proof of English proficiency through test scores, demonstrating their eligibility for Canadian universities.
A crucial component of the application is a well-crafted essay explaining why the applicant has chosen Canada as their educational destination and why they selected a particular institution for their Masters in Management program.
Studying at a world-class institution can be expensive, but Canadian universities offer various scholarships to support high-achieving students, including international candidates. Below is a list of scholarships available to international students pursuing a Masters in Management in Canada:
| University | Scholarship Name | Amount |
| Odette School of Business, University of Windsor | UWindsor scholarships | 95% off in tuition fees |
| Sauder School of Business, University of British Columbia | Asia's Top Talent Scholarships | 10,000–35,000 CAD |
| University of Manitoba | University of Manitoba Graduate Fellowships | 14,000 CAD |
| University of Lethbridge | Derrick and Lytta Pereira Prize | 1,500 CAD |
| Smith School of Business, Queen’s University | Principal’s International Scholarship, India | 19,000 CAD |
| McGill University | Dr. Peter Briant Award for Entrepreneurship | Varies |
| University of Toronto | Lester B. Pearson International Scholarship Program | Full tuition and cost of living |
| HEC Montreal | Entrance scholarships | 4,000 CAD |
These scholarships can significantly alleviate the financial burden of pursuing a Masters in Management in Canada, making world-class education more accessible to deserving students.
Canada, known for its abundant opportunities, offers a promising career path for international students who complete a Masters in Management. There are various high-paying job options available, some of which depend on the location within Canada. With a multitude of specializations to choose from, graduates can explore diverse sectors of the industry in their pursuit of a successful career.
Numerous esteemed companies eagerly hire management postgraduates, including Amazon, HSBC, Accenture, Oliver Wyman, Deloitte, and Numera Analytics, among others. Depending on your chosen specialization, you can embark on a career as a business development manager, project manager, management consultant, and more.
Here are some popular job roles along with their average salaries in CAD:
| Job Roles | Average Salary (CAD) |
| Assistant Manager | 44,992.00 |
| Assistant Director | 46,913.00 |
| Business Development Manager | 35,759.00 |
| Branch Manager | 36,144.00 |
| Chairman of the Board | 57,150.00 |
| Corporate Director | 95,529.00 |
These roles reflect the diverse career opportunities available to Masters in Management graduates in Canada, with the potential for competitive salaries based on your expertise and experience.
Investing in a graduate degree in management can yield a substantial return on investment, particularly in terms of job prospects and earning potential.
Here's a breakdown of the average salary packages (in CAD) for graduates of Masters in Management programs at various Canadian universities:
| University | Average Salary Package (CAD) |
| Odette School of Business, University of Windsor | 74,000 |
| Sauder School of Business, University of British Columbia | 84,422 |
| University of Manitoba | 105,036 |
| University of Lethbridge | 123,000 |
| Smith School of Business, Queen’s University | 126,043 |
| McGill University | 149,000 |
| University of Toronto | 118,165 |
| HEC Montreal | 123,240 |
Masters in Management programs in Canada typically have a duration of less than two years, making them an attractive option for international students. This shorter timeframe, combined with the diverse job opportunities it opens up, contributes to the high return on investment that students can expect from pursuing this course. Masters in Management originally gained prominence in Europe and has since become a global phenomenon, offering students the chance to enhance their career prospects in a relatively short period of time.
| Parameter | Masters in Management in the USA | Masters in Management in Canada |
| Duration | 2 years | 2 years |
| Average Tuition Fees | 56,800 USD to 150,000 USD (46.46 lakhs to 1.22 crores INR) | 15,000-72,630 CAD (9.16-44.37 lakhs INR) |
| Cost of Living | 2,280 USD (1.85 lakh INR) | 1,987 CAD (1.19 lakh INR) |
| Percentage Required | 83-86% | 80-90% |
| English Language Proficiency Tests | IELTS: 7.0 | TOEFL: 100+ |
| Accepted Entrance Exam | GMAT: 600 or above | GMAT: 550 or above |
| Average Salary | 80,000 USD | 66,000 CAD (40.32 lakh INR) |
Compared to pursuing an MBA, Masters in Management graduates are well-suited for various managerial positions. The elective courses within the program are designed to enhance their managerial skills. Another significant advantage for international students is the lower tuition fees associated with Masters in Management when compared to MBA programs. Over the long term, graduates of Masters in Management can expect to earn salaries on par with MBA graduates.
In conclusion, pursuing a Masters in Management in Canada offers international students a dynamic and enriching educational experience. This program equips students with essential managerial skills and opens doors to a wide range of career opportunities. With its relatively affordable tuition fees, high return on investment, and excellent job prospects, Canada stands as an attractive destination for higher education in management.
At Maxxcell Overseas, we understand that choosing the right university and course is a crucial decision for your academic and professional journey. We are dedicated to guiding you through this process, ensuring you find the perfect fit for your aspirations. Our support extends beyond academics, as we also assist you with visa applications and other admission procedures.
Connect with Maxxcell Overseas today and let us pave the way for your successful and hassle-free admission process.