Masters in Management in Canada is a two-year program designed for students who want to make a prominent mark in leadership roles. To get admissions to Canadian universities offering masters in management, you will need a four-year bachelor’s degree with 80% or more score, IELTS score of 6.5 or equivalents, and GMAT scores (waiver available). Documents like professional LORs play a crucial role in admission to masters in management in Canada.

The average tuition fee for Masters in Management in the universities in Canada is around 56,000 CAD annually. For Indian students, this estimates to be 33 lakhs a year. These expenses can be limited with the help of scholarships available to study master's in Canada. As the costs involved are high, returns offered by the course are one of the major concerns. MiM graduates are employed to sectors like finance, supply chain management, consulting, accounting, public administration, etc, and make around 75,000 CAD per year on average.

Top Universities for Masters in Management in Canada

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 at the universities in Canada:

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

Why Study Masters in Management in Canada?

Masters in Management in Canada is a course program focusing on specialized subjects like entrepreneurship, marketing analytics, operations management, and others.

  • Unlike MBA in Canada, the applicants do not need to have any previous work experience to enroll in this master's program 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 has increased by 49%. Students chose to study in Canada for its multicultural lifestyle.

Masters in Management in Canada Admissions Deadlines

Admissions Deadlines for Masters in Management in Canada

The admission deadlines for some of the top universities offering master’s in Management in Canada are listed below:

University Application Deadlines
University of Toronto  January 25, 2023
University of British Columbia Round 2 Application Deadline: January 10, 2023
Round 3 (Final) Application Deadline: 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 Major: February 15, 2023
Business Analytics Major: June 1, 2023

Eligibility Criteria for Masters in Management in Canada

Masters in Management in Canada is a much sought after program by many international students. The table below shows the requirements for admissions to universities in Canada offering Masters in Management program: 

University Application Fees in CAD GPA Required on a 4.0 Scale GMAT Required
Odette School of Business 125 3.3 (~87-89%) 520
Sauder School of Business 162 3.5 (~89-90%) 620 (320+ on GRE)
Asper School of Business 100 3.0 (~83-86%) 550
Smith School of Business 125 3.3 (~87-89%) 640 with 85%
Desautels Faculty of Management 118 3.5 (~89-90%) 650
Rotman School of Management 195 3.0 (~83-86%) 570 with 4 in analytics writing assessment
HEC Montreal 130 3.7 (~90-92%) 630 or more

English Proficiency for Masters in Management in Canada

International applicants from non-native English-speaking countries may be required to submit IELTS or TOEFL scorecard as an admission requirement. 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:

Admission Requirements for Masters in Management in Canada

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 academic LOR.
  • English proficiency exam score: International students of non-English speaking countries have to submit English proficiency exam (IELTS, TOEFL etc.) scorecard.
  • Standardized exams to study in Canada: 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: The applicant has to submit the statement of intent to assert their need for the course and also how can they contribute to the course in an enriching manner.

Masters in Management in Canada Fees

Tuition Fees

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. Tabulated below are the total tuition fees for Masters in Management in Canada:

Masters in Management in Canada Fees

University Annual 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

Cost of Living in Canada

Besides tuition fees, the international students will also have to think about accommodation, transport, meal plans, and other miscellaneous expenditure. The monthly living cost in Canada for international students across different cities is given below:

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
Cost of Living in Canada

Visa Application Process for Canada

More than two lakh International students apply for the universities in Canada. Because of better academic culture and analytical skills, many International degree seekers prefer Canada for higher education. Getting a student visa to Canada 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 a student visa to Canada.
  • 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.
  • 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. The 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.

To get their student visa to Canada international students will be required to appear for a Canadian Embassy student visa interview in respective home countries. Successfully completing the visa interview ensures a visa to Canada for higher studies. 

Scholarships for 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 scholarships in Canada for international students is given below:

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 Top Talent Scholarships 10000-35000 CAD
University of Manitoba University of Manitoba Graduate Fellowships 14000 CAD
University of Lethbridge Derrick and Lytta Pereira Prize 1500 CAD
Smith School of Business, Queen’s University Principal’s International Scholarship India 19000 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 4000 CAD

Wondering how to get a scholarship to study in Canada from India?
Watch the video below to find an answer to all your questions and clear your doubts:

Job Prospects after Masters in Management in 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. The popular job roles and their average salaries are provided in the table below:

Job Prospects after Masters in Management in Canada
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

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 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 in Canada is a course program for less than two years for international students. The course has high on return because of its wide job perspectives. Masters in Management was first introduced in Europe, after its success it became a global phenomenon. Since for every student time is a stringent factor, Canadian universities offer a great return on an investment after a shorter period of time.

Tuition fees

The image above depicts that most of the universities in Canada like McGill, Queen’s University, and the University of Manitoba give students a higher return on their investment.

Masters in Management in Canada v/s Masters in Management in USA

Parameter Masters in Management in USA Masters in Management in Canada
Duration 2 years 2 years
Average Tuition Fees 56,800 USD to 150,000 USD (46.46 lakhs-1.22 crores INR) 15,000- 72,630 CAD (9.16-44.37 lakhs INR)
Cost of Living 2,280 USD (1.85 lakhs INR) 1,987 CAD (1.19 lakhs INR)
Percentage Required 83-86% 80-90%
English Language Proficiency Tests IELTS: 7.0 | TOEFL: 100+ 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 lakhs INR)

When compared with MBA, the graduates of Masters in Management are suitable for different managerial posts. The elective subjects are also designed for the coursework to develop their managerial skills. Another important reason for the international students to opt for this degree is its lesser fee structure than MBA. In the long run, Masters in Management graduates will be earning a salary equal to that of MBA graduates.

FAQ

Ques.What is Masters in Management in Canada?

Ans. Masters in Management in Canada is a graduate degree in business and related specialization. It is more of a theoretical program than MBA accepting both recent undergraduates or professionals. Masters in Management is a gateway for entry-level entry into business management jobs that require lesser experience.

Ques.What are the best Masters in Management programs in Canada?

Ans. Some of the top masters in management programs in Canadian universities include HEC Montreal’s MSc in International Business, Western University’s MSc in Management, UBC and York’s Master of Management.

Ques.What is the eligibility to get admission to Master in Management in Canada?

Ans. To be eligible for a Master in Management in Canada, an applicant is required to have an undergraduate degree in any discipline from a recognized university or college. Unlike MBA, Masters in Management does not usually require any work experience. International students are also required to provide proof of English language proficiency through one of the standardized tests of TOEFL or IELTS.

Ques.Do Canadian universities require scores of GRE or GMAT for admissions to Masters in Management?

Ans. Yes. International students are required to provide scores of either GRE or GMAT. Each university has its own criteria or minimum requirements for these standardized exams to study in Canada. 

Ques.What is the duration of Masters in Management in Canada?

Ans. The Masters in Management in Canada is a program with a duration of 9-24 months at universities in Canada.

Ques.What is the tuition fees for a Masters in Management in Canada?

Ans. The annual tuition fees for Masters in Management in Canada range from 15,000- 72,630 CAD. 

Ques.Are there scholarships available for international students pursuing Masters in Management in Canada?

Ans. Yes. There are a number of scholarships available for international students to study in Canada. These scholarships are awarded by the respective universities, Canadian government, respective home country government and several private agencies and organizations.

Ques.What are the job opportunities in Canada after Masters in Management?

Ans. Canada is a land of opportunities with a number of high paying jobs available after Masters in Management in Canada. Average annual salary of masters in management graduates ranges from 74,000- 150,000 CAD per year.