The availability of Masters in Management programmes in Canada is gradually expanding globally, positioning Canada as one of the prime destinations for international students seeking to pursue a master’s degree in management. This article aims to provide a comprehensive overview of everything related to Masters in Management in Canada. By undertaking a Master’s in Management programme in Canada, you will gain a well-rounded education, practical experience, and open doors to a fulfilling career.
Why Study A Masters In Management In Canada?
Masters in Management in Canada is a specialised course programme that emphasises subjects such as entrepreneurship, marketing analytics, and operations management, among others. Unlike an MBA in Canada, this master’s programme does not require applicants to have any prior work experience. Furthermore, compared to an MBA, Masters in Management in Canada offers lower tuition fees while providing a diverse array of career prospects after completion of the programme.
Over the past decade, there has been a significant 49% increase in the number of Masters in Management graduates worldwide. Students opt to study in Canada due to its multicultural lifestyle, which adds to the appeal of pursuing this degree in the country. This blog will delve more into why studying this exciting course in Canada is worth it and wil also talk about the universities, eligibility criteria and more.
Top Management Degrees In Canada
Masters in management programmes provide students with specialized expertise in areas like entrepreneurship, marketing analytics, and operations management. Many Canadian universities offer management degrees lasting one to two years, providing a solid foundation for launching a management career. The curriculum of these programmes typically covers:
- MSc in Management
- MA in Tourism Management
- Master of Engineering Management
- Masters in Management Analytics
- Master of Global Management
- Masters in Strategic Mining Management
- Masters in Resource Management
Top Universities For Masters In Management In Canada
Canada boasts a distinguished reputation for housing some of the finest business schools in the world. When it comes to pursuing a Masters in Management in Canada, several renowned colleges stand out as top-ranking institutions. Here is a selection of them along with their specific fees per semester:
| Name of the University | Tuition fees |
| McGill University | CA $45,000 |
| University of Alberta | CA $20,000 To CA $35,000 |
| University of Toronto | CA $45,630 |
| Queen’s University | CA $15,166 |
| Simon Fraser University | CA $16,523 |
| University of Lethbridge | CA $20,585 |
| University of Windsor | CA $29,400 |
| University of Manitoba | CA18,969 |
| University of Montreal | CA $20,251 |
| University of British Columbia | CA $52,641 |
Eligibility Criteria You Need To Fulfill
Unlike many other countries, students can avail of a special MS in management in Canada as well. This unique feature enables students from diverse countries, including United States, Australia, America, Hong Kong, India, and the UK, to secure an F-1 visa that extends their Optional Practical Training (OPT) period to 24 months, in addition to the regular 12-month OPT tenure.
To be eligible for pursuing a Masters in management in Canada, students must meet the following requirements:
| Eligibility Criteria | Requirements |
| Academic Background | Possession of a bachelor’s degree in a relevant field of study from an eligible university, with a minimum of 80% marks or above. |
| Standardised Test (GRE/GMAT) | Attainment of the required score on the GRE or GMAT (generally, a score of 650 or higher is considered advantageous). |
| English Proficiency Tests | Non-native English-speaking students must demonstrate their English proficiency by achieving the minimum required score on the IELTS or TOEFL (typically, a score of 6.5 or 90, respectively, is considered beneficial). |
The following documents are also necessary for applying for admission for a Masters in Management programme in Canada:
- Evaluated academic transcripts from all educational institutions attended
- 2-3 Letters of Recommendation
- Resume
- Writing Sample or Statement of Purpose
- Some universities may require a video essay or question
- Scores of standardised tests for studying in Canada
- Payment of non-refundable admission application fee.
English Language Proficiency Test Scores
| Name of the University | IELTS | TOEFL |
| McGill University | 6.5 | 86 |
| University of Alberta | 6.5 | 100 |
| University of Toronto | 7.0 | 100 |
| Queen’s University | 7.0 | 88 |
| Simon Fraser University | 8.5-9.0 | 95 |
| University of Lethbridge | 6.5 | 80 |
| University of Windsor | 7.0 | 100 |
| University of Manitoba | 6.5 | 100 |
| University of Montreal | 8.0 | 114 |
| University of British Columbia | 7.0 | 100 |
Cost Of Masters In Management In Canada
When pursuing a Master’s in Management (MIM) in Canada, the expenses go beyond the tuition fee. Additional costs, including application fees, travel expenses, daily living expenses, and miscellaneous charges, must be taken into account by the students. Below, we have provided the average tuition fee and average living costs, although it is important to note that the living expenses will vary depending on the individual’s lifestyle and the specific area of residence.
The masters in management in Canada fees for the first year are based on an average of 31 colleges, amounting to INR 22 Lakhs. As for the average living costs, it totals INR 5.5 Lakhs for one year.
| Particulars | Cost (Monthly) |
| Off-Campus Accommodation | CA $550 |
| On-Campus Accommodation | CA $1,611 |
| Transportation | CA $100 |
| Food Cost | CA $720 |
| Utility Cost | CA $180 |
| Entertainment | CA $60 |
| Groceries | CA $64 |
| Clothes | CA $133 |
| Total Cost of Living with Off Campus Accommodation | CA $1,807 |
| Total Cost of Living with On Campus Accommodation | CA $2,868 |
| Annual Cost of Living | CA $21,684 |
Scholarships Offered
For students aspiring to pursue this course in Canada, there are numerous scholarship opportunities available. Our website provides a comprehensive list of various scholarships specifically tailored for young dreamers like you. Here are a few examples of the scholarships available:
| Name of the scholarship | Funding Amount |
| Lester B. Pearson International Scholarship Programme | Variable amount |
| Dr. Peter Briant Award for Entrepreneurship | Full tuition covered |
| Merit-based Scholarships | Variable amount |
Job Prospects After This Course
The field of management offers a wide range of career opportunities, and top employers for management postgraduates include Amazon, HSBC, Accenture, Oliver Wyman, Deloitte, Numera Analytics, and many more. Depending on your chosen specialisation, you can pursue a career as a business development manager, project manager, management consultant, and various other roles. The table below provides information on popular job roles within management and their corresponding average salaries.
| Profession | Average salary |
| Assistant Manager | CA $44,992 |
| Assistant Director | CA $46,913 |
| Business Development manager | CA $35,759 |
| Branch Manager | CA $84,390 per year |
| Chairman of Board | CA $388,299 per year |
Choosing Between Management Courses: MBA Vs MIM
| Basis of Difference | MBA | MIM |
| Who is it for? | Experienced professionals | Recent Graduates |
| Tuition Fee | High | Medium |
| Duration | 1-2 years full-time | 10-12 months |
| Salary recieved | $10,000 | $5,000 |
| Age | Average age of applicants should be 27 years | Average age of applicants should be 23 years |
In conclusion, Masters in Management in Canada presents a compelling option for international students seeking a comprehensive and time-efficient course programme. With a duration of less than two years and a wide range of job perspectives, this programme has gained global popularity following its success in Europe. Canadian universities offer a high return on investment in terms of career opportunities and professional growth within a shorter timeframe.
FAQs
Is Canada good for Masters in management?
With its outstanding quality of education, promising career opportunities, and competitive salaries for graduates, Canada is widely recognised as one of the premier destinations for pursuing a Master’s in Management (MIM) course abroad. These compelling factors position studying MIM in Canada as a highly desirable choice for international students.
Is MiM worth in Canada?
MIM programmes, previously limited to European and Canadian business schools, are now offered by universities worldwide. This growing availability has contributed to the increasing global popularity and recognition of MIM as a valuable master’s degree. Therefore, obtaining an MIM from Canada holds significance not only within Canada but also internationally.
Is GMAT compulsory for MiM in Canada?
While a GMAT or GRE score is not mandatory for admission into a Master in Management programme at Canadian universities, it is typically required by top-ranking institutions. For those aiming to secure admission into these prestigious universities, a GMAT score within the range of 550-600 is generally expected.
What is the starting salary after MiM in Canada?
The average MIM Salary in Canada ranges from CA $60,000 to CA $70,000 per year. However, it is relatively lower when compared to the salary of MBA graduates, which typically falls between CA $90,000 to CA $100,000 per year.
Are there scholarships available for international students pursuing a Master in Management in Canada?
The Ontario Graduate Scholarship is a prestigious funding opportunity available to Indian students pursuing Masters in Canada. Sponsored by the Government of Canada, this scholarship is specifically designed for international students aiming to pursue a Master’s degree in various fields across Canadian universities
How to write a good SOP for project management?
Steer clear of excessive elaboration within a single paragraph, as this can lead to a cluttered Statement of Purpose (SOP). Aim to limit each paragraph to a concise range of 150 to 250 words. Also, ensure your motivations or aspirations for studying are prominently featured at the outset of each paragraph.
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1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”
I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further