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Ameer Khatri MBA Consultant

MSBA in Canada

August 31, 2023




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Table of Contents

Why Study MSBA in Canada?

Students who want to work at the nexus of business and data analytics have grown more interested in Canada’s Master of Science in Business Analytics (MSBA) programs. An in-depth education in data analysis, data-driven decision-making, and corporate strategy is offered by these programs. 

Canada provides an excellent environment for studying MSBA because of its strong academic institutions, cutting-edge technological infrastructure, and vibrant commercial climate. Numerous prestigious colleges and business schools in Canada offer MSBA programs that incorporate challenging coursework, real-world projects, and industry partnerships.

Students enrolled in MSBA programs at Canadian universities are frequently given a strong foundation in data analytics methods, statistical modelling, machine learning, and data visualization. The curriculum is made to help students become more adept at working with massive datasets, gaining insights and effectively presenting findings to corporate stakeholders. Through case studies, internships, and industry partnerships, students can also get practical experience that will help them use their analytical skills in real-world business situations.

The welcoming culture and society of Canada also help MSBA students have a diversified and worthwhile educational experience. Furthermore, the price of an MSBA program in Canada might vary based on the university, length of the program, and the student’s residency status. International students should budget between 30,000 and 50,000 Canadian dollars for tuition per year. 

It’s crucial to remember that overseas students have access to scholarships, grants, and financial assistance options that can help defray the cost of their education and living expenses.

Program Costs + Living Expenses : MSBA in Canada

CAD 40,000 

Avg. Tuition Fee

CAD 9,000

Avg. Living Cost

CAD 5,500

Misc. Expenses


Avg. Cost of Study

Student fees

Depending on your college, location, subject, length, etc., the course might cost anywhere from 20,000 CAD to 50,000 CAD (per year). In contrast to some courses, research-based and cooperative education courses charge more tuition.

While applying, get the precise figures from the website of your university. You may always find a precise estimate of what to pay in the finance section or charge estimator. To get the full picture and make informed decisions, include the ancillary costs, deposits, insurance, stationary fees, etc.

Living Costs

Additionally, it can be quite expensive to live in Canada as an international student. The cost of the lodging ranges from 8,000 to 10,000 CAD if you reside on campus each year. Rent in a shared flat off-campus ranges from 400 to 700 CAD per month. The cost of lodging varies depending on the area and living conditions.

Spend about 100 CAD a month on travel, 350 CAD a month on food (again, depending on diet and tastes), and 200 CAD extra each month for entertainment, etc.)

Eligibility Criteria : MSBA in Canada

Following are the basic eligibility requirements for top universities in France offering a Masters in Finance.

Together, these criteria ensure that prospective students possess the necessary academic background, quantitative skills, and language proficiency to excel in a master’s program in finance at esteemed universities in France. By setting high standards for admission, universities can attract motivated and talented students who are prepared to make significant contributions to the field of finance and beyond.

You must have a Bachelor’s degree in Finance, Business, or a relevant field to be eligible for a Master’s in Finance program in France.

You must have earned a B+ grade point average (87-89%) on a 3 to 4-year bachelor’s or undergraduate degree (or equivalent) in a comparable discipline. Make sure you are fully aware because certain colleges only recognise certain undergrad degrees for entrance to master’s programs.

To be admitted to a master’s program in business analytics in Canada, candidates must have passed exams like the GMAT (minimum score of around 550) or GRE (minimum score of 155). Again, this grade varies from university to university.

The language proficiency of foreign immigrants must be tested in Canada using a test like the IELTS or TOEFL. IELTS requires a minimum average band score of 7.0 or a TOEFL minimum score of 100. Additionally, this differs from one university to another. 

Apart from test scores, there are additional requirements to study MA in Finance in France. These requirements include:

  • Academic transcripts as demanded by your course and university
  • English language proficiency test scores
  • GMAT/GRE test scores
  • Proof of finances
  • Statement of Purpose
  • Letter of recommendation
  • Your CV
  • Prior work experience certificate (if any)
  • Prior internships certificate (if any)

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Types of Financial Aid Available : MSBA in Canada

There are numerous scholarships available for students studying in Canadian MSBA colleges. Popular scholarships include the following:

The Canada Graduate Scholarship

It is given to outstanding graduate students enrolled in master’s or doctorate programs in Canadian universities that focus on original research. The scholarship has a 12-month value of CAD 17,500.

Ontario Graduate Scholarship

Students in Ontario pursuing a master’s or doctoral degree are eligible for this scholarship. The scholarship has CAD 15,000 worth over the course of one academic year. The highly motivated and academically superior doctoral candidates continuing their studies in Canadian universities are eligible for the Canada Graduate Scholarship. The scholarship has a three-year value of CAD 50,000 per year.

Scholarship from the Social Sciences and Humanities Research Council (SSHRC)

These financial aid are awarded to college students undertaking research in the arts or the social sciences. For one year, the scholarship is worth between 17,500 and 35,000 Canadian dollars.

The Mitacs Globalink Graduate Fellowship

It is given to foreign students who wish to enrol in master’s or doctorate programs in research at Canadian universities. The scholarship has CAD 15,000 worth over the course of one academic year.

Brazil Scholarship program – Canadian Bureau for International Education (CBIE)

Brazilian students are given this grant in order to pursue graduate studies in Canada. The scholarship is worth 12,700 CAD.

Career Prospects : MSBA in Canada

The average pay for MSBA graduates in Canada might differ depending on a number of variables, including the sector, job function, geographic area, and years of experience. Recent research indicates that an MSBA graduate in Canada can expect to earn between CAD 78,000 and CAD 95,000 annually. However, based on the aforementioned conditions, earnings can range from 60,000 to 120,000 Canadian dollars each year.

It is crucial to remember that depending on the sector and job function, compensation might vary greatly. For instance, a recent MSBA graduate may make more money working in the consulting or financial industries than in the non-profit one. Jobs like data analyst, business analyst, and data scientist are similar.

Overall, earning an MSBA from a Canadian college can lead to a successful profession with competitive pay and room for advancement.


Employed within 3 months of graduation

70- 80K

Avg. Salary

     Most Sought-after Jobs

Business Analyst

Data analyst

Financial Analyst

Marketing Manager

Operations Manager

Project Manager

Visa & Stay Prospects : MSBA in Canada

The visa application process can be completed through online or offline methods. Students have the option to apply offline by submitting all necessary documents at the visa application centre. Alternatively, they can submit their documents online and then visit the application centre to provide their biometric details. Subsequently, after the application is processed, candidates may be invited for a personal interview. As part of the application requirements, they will need to demonstrate proof of sufficient funds and may be required to undergo a medical test.

Visa Prerequisites

The prerequisites for obtaining a student visa for pursuing an MSBA in Canada vary depending on your nationality. Nevertheless, most nations mandate students to possess a valid passport, an acceptance letter from a university, and substantiation of financial backing. It might also be necessary to provide a police clearance certificate and a medical examination report.

Visa Fees

The visa fees for enrolling in an MSBA program in Canada are contingent upon your nationality. Generally, these fees fall within the range of $100 to $200.

Post-Course Stay in Canada

Following the completion of your MSBA program in Canada, there’s a potential to extend your stay for employment purposes. The extent of this extension relies on the specific category of your visa.

Post-Study Work Permit

International students completing their Master’s degree in Canada are eligible to apply for a post-study work permit (PGWP). This permit allows you to stay in Canada and engage in full-time employment for a maximum duration of three years.

Job Prospects

The employment opportunities for MSBA graduates in Canada are promising. The nation houses numerous multinational corporations and financial institutions that are swiftly embracing data-driven decision-making approaches. Consequently, there’s an escalating demand for proficient data analysts in Canada.

Cost of Living

The cost of living in Canada can be substantial; however, it is in line with other advanced countries. The average monthly cost of living in Toronto is approximately $1,500.

Top 5 Colleges for MSBA in Canada


Sauder School of Business
  • The MSBA program at UBC Sauder lasts 12 months and is full-time.
  • International students must pay $60,249 CAD in tuition.
  • After earning your degree, you can expect to earn an average salary of $68,974.
UBS Sauder MBSA Overview
Queen’s University
  • The Master of Management Analytics program at Queen’s University lasts 12 months and is full-time.
  •    For the winter term, international students must pay $76,750, and for the spring session, $79,900.
  • The degree is offered in two learning formats: blended learning or Downton Toronto in-class.
Queen’s University
Rotman School of Management
  • MMA at Rotman is an eleven months full-time program.
  • The fee for international students is CAD 67,160.
Rotman MSBA Overview
Ivey Business School
  • Ivey offers a one-year, full-time MSBA program.
  • For overseas students, the average tuition cost is $72,000.
  •  After earning your degree, you can expect to earn an average salary of $73,988 a year, plus bonuses.
Ivey MSBA Overview
HEC Montreal
  • MSBA from HEC Montreal is a one-year full-time program.
  •  The tuition and other fees for the program $30 500 until summer 2022 $34 200 from fall 2022. 
HEC Montreal MSBA Overview

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MSBA in Canada

anada is renowned for its high-quality education system and is home to several top-ranked universities offering MSBA programs. Additionally, Canada has a diverse and vibrant culture, providing a welcoming environment for international students.

Admission requirements can vary between universities, but typically they include a bachelor’s degree (usually in a related field like business, economics, engineering, or computer science), standardized test scores (e.g., GMAT/GRE), letters of recommendation, statement of purpose, and English language proficiency (for international students).

Yes, several Canadian universities offer scholarships and financial aid for international and domestic students. Students are encouraged to research and apply for scholarships based on their academic achievements and financial need.

Yes, in many cases, international students with a valid study permit are allowed to work on or off-campus while studying. There are certain restrictions, so it’s essential to check the specific regulations and guidelines.

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