There has been a sharp rise in the number of students from around the world applying to Canadian business schools' MBA programs in recent years. Students from the Middle East, especially in this past year of political volatility in the region, -are also considering Canadian business schools in increasing numbers. An MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend, a trifle, or is there real value in pursuing this degree. It is expensive, demanding, difficult to get into, and takes up years of your life. Why Canada?
In practice, Canada is becoming a thriving place to study. Graduate opportunities are ever expanding in Canadian universities paramount to what studying in Canada is all about. Canada's increasing diversity and large immigrant populations make it a welcoming place for foreigners. Canada has a very stable economy, very stable banks and industries that are performing well. An MBA in Canada opens many doors for your future.
"The global prominence of Canadian schools can be seen by the even distribution of MBA candidates who highlighted the country as a preference"
The immigration rules in Canada are much more relaxed than in the U.S or UK. Schools are also placing increased importance on the diversity of their classes. The global prominence of Canadian schools can be seen by the even distribution of MBA candidates who highlighted the country as a preference. You can start your MBA/MScIM program every January and September, and complete your degree within only 14 months. The MBA program includes a business internship as well as an applied business project, combining knowledge and practical experience through a balanced integration of theory, research and practice.
Business school is an expensive investment, and it's never too early to start figuring out how to pay for it. An MBA is a long-term investment in your future, and fortunately, schools are committed to working with students to find a solution to financing school through a combination of loans and scholarships. 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. MBA programmes in Canada are affordable than in any other country. The minimum tuition and residence fee is approximately 60,000 $, which is almost 20, 000 $ less than the US. The reason behind this is that Canadian universities and colleges are usually government funded.
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 the 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 postgraduate 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.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.
While selecting a B-school in Canada, there are a few important criteria that you should consider. Although all the criteria may not be applicable to all of the schools, these criteria will help you to select the apt business school for you, the one that is right for your personal and financial needs.
Cost Ratio: The cost-benefit must be favorable. This is one of the most important factors which aspirants should keep in mind before applying to any business school abroad. Pursuing a degree from a top school with paying a hefty amount as the fee does not mean that your salary afterward will be proportionally large. As a matter of fact, as long as the teaching standards are good, you can get better results when you attend a less expensive MBA programme.
Type of Degree: Before applying to any programme you should also decide what type of degree you would be getting from the B-school in Canada. Most programmes are available as specialized, general, and combined degrees. The most preferred degree among students is a specialized degree where as a student you can focus your studies on a specific field, industry or sector. This kind of MBA allows you to specialize in just one area, so you could sharpen your skills and concentrate more on it.
Best Curriculum: The universities of Canada offer the best-accelerated curriculum. These MBA programmes are highly developed and offer the best training to students. Universities offer MBA specializations in almost all the varied fields.
Internationally Acclaimed Degree: Lastly, one more important factor you should consider before applying for an MBA degree to Canada, or any other country, is if the degree is internationally acclaimed or not. Some employees prefer applicants with international degrees, so you could have a better chance of getting a good job when you complete your MBA degree.
Adarsh Khandelwal is a Co-founder of Collegify. They help students to study in abroad by helping them with funding and scholarship opportunities. Collegify provides quality personalized services that make a student college ready