The Masters in International Business in Canada is a 1-2 year program. The programs offered for specializing in International Business are MBA and MSc. .The general eligibility criteria for an International student to get admitted to the graduate program is IELTS score of 6.5 or above, GMAT score of 550 or above and an undergraduate degree in any field with a GPA of 3.0 on a scale of 4, with 2-3 years of work experience.
An applicant applying for this degree can choose from a full-time degree or a part-time degree depending on the need of the applicant and the years of work experience they have. The average fees of doing a master degree specializing in International Business is approximately between 35,000 CAD- 70,000 CAD, which is equivalent to 21-42 Lakhs (INR). After completing the graduate program in International business the students have a lot of career options open to them in the field of business and finance. The average salary of a Masters in International business graduate ranges from 65,000 CAD to 105,000 CAD (39-63 Lakh INR).
Course Highlights
| Program | MBA in International Business MSc in International Business |
| Program Type | Full-time, Part-time |
| Program Duration | 1-2 years |
| Eligibility Criteria | Bachelor degree in any field with a minimum 2 years of work experience |
| GPA | 3.0 on a scale of 4 |
| English Proficiency Requirements | IELTS (6.5 or above), TOEFL |
| Tuition Fees | 35,000 CAD- 70,000 CAD (21-42 Lakhs INR) |
| Average Salary | 65,000 CAD- 105,000 CAD (39-63 Lakh INR) |
Top Universities offering Masters in International Business in Canada
Masters in international business is one of the most popular graduate degrees and if you are planning to study in Canada there are many universities offering this course such as University of Alberta, University of Victoria and many more. Below are some of the top universities offering Masters in International business:
| University | Program | Deadlines | Total Tuition Fees (CAD) |
|---|---|---|---|
| University of Alberta | MBA in International Business | 1 June 2023 | 57,694 |
| University of Victoria | MBA in International Business | 30 April 2023 | 44,728 |
| University of Regina | MBA in International Business | 1 March 2023 | 53,620 |
| Western University | MScM in International Business | 7 February 2023 | 77,200 |
| Trinity Western University (TWU) | MBA in International Business | 9 January 2023 | 36,225 |
| Queen’s University | Masters of International Business (MIB) | 31 January 2023 | 55,975 |
| HEC Montreal | MSC in International Business | 1 March 2023 | 30,800 |
| University of New Brunswick (UNB) | MBA in International Business | 30 May 2023 | 31,366 |
Why study Masters in International Business in Canada
- Obtain a Global Perspective: Success in business depends on knowing how people in other parts of the world do business and with Masters in International Business in Canada you make connections and have experiences with networking to improve one's communication skills, making a student valuable in this field.
- Knowledge of Advanced Business: In Canada, a master's of international business program will help students build on their undergraduate knowledge, provide in-depth industry knowledge, and provide opportunities to further pursue personal interests.
- Build Highly Sought-After Transferable Skills:Seeking after a worldwide business degree in Canada will expand your employability by assisting understudies with building abilities valuable in any industry. In this program, worldwide understudies will foster decisive reasoning and critical thinking abilities and figure out how to trade and go with basic choices under tension.
Masters in International Business in Canada Admissions
With the high demand of Masters in International Business every university who is offering this graduate degree has their own admission process. And every applicant has to go through this process to finalize their seat in the program. Although the process for every university is different, there are basic admission requirements which are similar for almost every university like the list of required documents such as LOR, SOP, Resume, Transcripts, a minimum GMAT score of 550.
Eligibility Criteria
Below are the basic requirements to be fulfilled by an applicant to apply and reserve their seat in the program of Masters in International Business.
- Academic requirement- Bachelor degree in any discipline
- GPA requirement- A minimum GPA of 3.0 on a scale of 4 is required
- GMAT Score- Every applicant applying for the degree must have an average GMAT score of 550 or above
- English Proficiency Test Score- IELTS (6.5 or above), TOEFL, PTE
- Statement of Purpose(SOP)- A 1-2 page SOP is required to show your interest in the degree program.
- Video Essay- A video essay explaining your agenda behind choosing this particular course and why you are choosing this university.
- Letters of Recommendation (LOR)- 2-3 letters of recommendation are required by most universities.
- Transcript(s)
Admission Requirements
Almost every top university in Canada offers Masters in International Business with different eligibility criteria, different course routes, different durations. But they all have a basic general idea about the program. Following shows the basic program structure for Masters in International Business in Canada.
| University | Academic Requirement | GMAT/GRE score | IELTS Score | Additional Documents (Work Experience, Resume, essay, SOP and LOR) |
|---|---|---|---|---|
| University of Alberta | Undergraduate degree with a minimum GPA 3.0 on a scale of 4 | 550 or above | 6.5 or above | SOP, 2 LOR, Resume |
| University of Victoria | Undergraduate degree and a 2 year work experience | 550 or above | 6.5 or above | SOP, 2 LOR, Resume, A video of you talking about your interest in the university |
| University of Regina | Undergraduate degree and a 2 year work experience | 500 or above | 6.5 or above | SOP, 2 LOR, Transcript and degree certificates, Resume |
| Western University | Undergraduate degree received within the past two years. | 600 or above | 7.0 or above | SOP, 2 LOR, Professional Resume |
| Trinity Western University (TWU) | Undergraduate degree in any field | Optional | 7.0 or above | SOP, 2 LOR, Transcript, Resume |
| Queen’s University | Undergraduate degree in any field with 75% marks or above | 600 or above | 7.0 or above | SOP, 2 LOR, Transcript, Resume, Video essay |
| HEC Montreal | Undergraduate degree in any field | 630 or above | 6.5 or above | SOP, LOR, Transcript, Resume |
| University of New Brunswick (UNB) | 4 year Undergraduate degree with GPA 3.0/4.3 | 550 or above | 7.0 or above | SOP, 2 LOR, Transcript, Resume |
Masters in International Business in Canada Cost of study
If you are planning to study in Canada you have to know about the cost you would be incurring while living and studying in Canada. The cost of study in Canada will vary from student to student depending upon the university of their choice and the city/town they are living in. The total cost of study for a student will include the tuition fees and the cost of living in Canada.
Tuition Fees for Masters in International Business in Canada
The tuition fees of doing Masters in International Business varies from university to university. The average fees of doing Masters in International Business in Canada is 35,000 CAD- 70,000 CAD (21-42 Lakhs INR). The following table shows the tuition fees for the entire course for different universities:
| University | Total Tuition Fees (CAD) | Fee for Indian Students (INR) |
|---|---|---|
| University of Alberta | 57,694 | 35.21 Lakhs |
| University of Victoria | 44,728 | 27.29 Lakhs |
| University of Regina | 53,620 | 32.72 Lakhs |
| Western University | 77,200 | 47.12 Lakhs |
| Trinity Western University (TWU) | 36,225 | 22.11 Lakhs |
| Queen’s University | 55,975 | 34.16 Lakhs |
| HEC Montreal | 30,800 | 18.79 Lakhs |
| University of New Brunswick (UNB) | 31,366 | 19.14 Lakhs |
Cost of living in Canada
When planning to study in Canada, the cost of living in Canada accounts for a significant portion of the costs incurred by international students, which could be different for every student. These costs include accommodation, meals, transportation, health insurance and other personal expenses. The below table shows the average expenses incurred by an international student studying in Canada.
| Expense Type | Average Annual Expense (CAD)/per month | Cost for Indian Students (INR)/per month |
|---|---|---|
| Accommodation (off campus) | 590 | 36,000 |
| Meals | 200-300 | 12,000-18,000 |
| Transportation(subway) | 80 | 4,800 |
| Health Insurance | 150-200 | 9,000-12,000 |
| Personal Expenses | 350 | 21,000 |
Scholarships available in the USA
There are many scholarships offered in Canada for international students which they can avail while applying for a degree in Canada. Some scholarships are offered by universities, some by the Government and some by private trusts. Following are some of the scholarships available for international students in canada.
| Scholarship | Awarded by | Eligibility | Award Value |
|---|---|---|---|
| UVic Fellowship Awards | University of Victoria | A- average on the last two years of course work. Full-time registration (3.0 units) | 10,000 CAD per year |
| Alberta Graduate Excellence Scholarship | University of Alberta | Graduate student having 3.5 or above GPA | One-time payment of 12,000 CAD |
| Toronto Met Graduate Fellowship | Toronto Metropolitan University | Merit based | 12,000 CAD |
| Ontario Graduate Scholarship (OGS) | Government of Ontario | Merit based | 5,060 CAD |
Jobs and Placement opportunities after Masters in International Business in Canada
Students who successfully complete the program have the scope of getting hired in industries like finance and accounting, consulting, technology, education, wholesale and retail, and others. Accounting, finance, and consulting are the top three sectors.
| Profession | Average Salary (CAD) | Salary for Indian Student (INR) |
|---|---|---|
| Market Analyst | 51,318 | 31.32 Lakhs |
| Compliance Officer | 60,094 | 36.67 Lakhs |
| International Trade Compliance Manager | 115,000 | 70.19 Lakhs |
| Business Development Manager | 70,438 | 42.99 Lakhs |
| Supply Chain Manager | 81,533 | 49.76 Lakhs |
| Financial controller | 83,903 | 51.21 Lakhs |
| Financial Analyst | 60,397 | 36.86 Lakhs |
| Internal Auditor | 67,197 | 41.01 Lakhs |
Comparison for Master International Business in Canada and the USA
Degree in Canada vs Degree in USA
| Parameter | Degree in USA | Degree in Canada |
|---|---|---|
| Duration | 1.5-2 Year | 1-2 Year |
| Average tuition fees | 40,000 USD-60,000 USD (32-48 Lakhs INR) | 35,000(CAD)-70,000(CAD) (21-42 Lakhs INR) |
| Cost of living | 1,800 USD | 1430 CAD |
| Admission Requirement | 3 to 4 years of a bachelor’s degree | 1st Class in Bachelor's degree (4 Years), 2 years of work experience |
| Visa | F1 Student Visa | Study Permit |
| English language proficiency tests | TOEFL, IELTS | IELTS, PTE, TOEFL |
| Average Salary | 105,683 USD (86 Lakhs INR) | 65,000 CAD- 105,000 CAD (39-63 Lakhs INR) |
The demand for Masters in International Business in Canada is very high as more and more students are opting for international studies.The cost of studying in Canada varies between 35,000 CAD- 70,000 CAD which converts to 21-42 Lakhs INR, depending upon the choice of university. And this in turn gives a great career opportunities to the students after completing the graduate degree in the areas of marketing, accounting, consulting and many more lucrative fields.
Also explore: Jobs in Canada after Masters for international students
FAQs
Ques. Can I apply for masters in international business in Canada without a GMAT score?
Ans.Most of the universities ask for a GMAT score while applying for Masters in International business in Canada. But there are some universities that allow you to apply without a GMAT score if you have a high standing grade in your undergraduation, some of these universities are Western University and University of Victoria.
Ques.Can I do a Masters in International Business with 60% in Canada?
Ans.The minimum eligibility to apply for a Masters in International Business in Canada is to a minimum GPA of 3.0 on a scale of 4, which is 65-70% or the equivalent international undergraduate degree in a related field of study.
Ques.What are the fees of universities offering masters in international business in Canada?
Ans.The cost of studying in Canada varies between 35,000(CAD)- 70,000(CAD) depending upon the choice of university.
Ques.What can I do after my Masters in International Business?
Ans.Students who successfully complete the program have the scope of getting hired in industries like finance and accounting, consulting, technology, education, wholesale and retail, and others. Accounting, finance, and consulting are the top three sectors.
Ques.What is the English proficiency level required by universities in CANADA for applying for Masters in International Business?
Ans. If you are an international student whose native language is not English, applying for a degree in Canada you would need to provide the scores of one of the following exams, IELTS (6.5 or above), TOEFL, PTE.
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