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Ameer Khatri MBA Consultant

MiM in Canada

11/07/2023

640

Avg. GMAT

25

Avg. Age

CAD 70K

Avg. Cost of Study

12

Months Duration 

CAD 75K

Avg. Salary

Summary

Introduction to MiM in Canada

People looking to jumpstart their careers and acquire a competitive edge are increasingly turning to Master’s in Management (MiM) programs in today’s quickly changing global business market. Future business leaders and aspiring managers understand the value of a thorough education that combines fundamental business knowledge, transferable skills, and a global perspective. In this situation, enrolling in a MiM program in Canada stands out as a tempting option that provides a relevant and reliable route to career success.

The country of Canada, which is well-known for its economic stability, cultural diversity, and innovation-driven mindset, offers the perfect setting for students to learn the abilities and information necessary to succeed in managerial positions. The nation’s top-notch educational facilities, solid business ties, and focus on practical learning create a dynamic ecosystem that fosters and empowers future leaders.

Students in a MiM program in Canada receive management education that is comprehensive and diverse. Key business topics including finance, marketing, strategy, entrepreneurship, and leadership are frequently covered in the curriculum, giving graduates a well-rounded skill set.

 The emphasis on case studies, team projects, internships, and experiential learning allows students to apply theoretical ideas to actual business problems and gain practical experience.

In addition, Canadian universities and business schools are renowned for their outstanding academic programs, cutting-edge instructional strategies, and research that is relevant to the industry. Students have the chance to study from knowledgeable professors who are experts in their industries and take part in cutting-edge studies that tackle current business concerns. The focus on cooperation, critical thinking, and problem-solving cultivates the mentality and skills required to negotiate complicated situations.

Why Study MiM in Canada ?

The main reasons students choose to study in Canada are outstanding education, knowledgeable teachers, practical learning chances, and life-changing employment opportunities. Canada stands out as the best country to pursue a MIM degree because of its industry-focused program structure, condensed program duration, greater employability rate, affordable tuition fees, etc.

In addition to the mentioned benefits, studying in Canada has many other advantages, such as low crime rates, low cost of living, no language barrier, a student-friendly environment, etc. Furthermore, Canadian immigration officials provide straightforward visa procedures for those who wish to relocate and work overseas.

Eligibility Criteria : MiM In Canada

MIM is one of the most popular management programs chosen by Indian students studying abroad in Canada because there are minimal entry requirements. MIM candidates must meet a few requirements set forth by Canadian universities to apply for admission to the B-school of their choosing. We should examine them:

  • Typical formal education is 10 + 2 at an accredited institution.
  • Bachelor’s degree with minimum marks from an accredited university is necessary.
  • Candidates must pass English language tests such as the IELTS, TOEFL, etc. 
  • Valid GMAT or GRE results, along with LOR and SOP 
  • Although some universities require 1-2 years of job experience, it is not required.

Documents required : MiM in Canada

  • Official academic transcripts
  • Scanned copy of the passport
  • CV/ Resume
  • Letter of Recommendation
  • English language proficiency test scores
  • Statement of Purpose
  • Two Reference Letters

Program Costs + Living Expenses : MiM in Canada :

40,000

Avg. Cost of living

35,000

Avg. Living Cost

15,000

Misc. Charges

75,000

Avg. Cost of Study

The price of a Master’s in Management (MiM) program in Canada might vary based on the institution or business school, the length of the program, the location, and personal lifestyle preferences. The following figures should be considered approximations and subject to change:

  • Tuition: The annual cost of tuition for MiM programs in Canada normally ranges from 20,000 to 50,000 CAD. Higher costs could apply to selective programs or prestigious universities. For accurate and current tuition information, it is advised to conduct further research on certain universities and programs.
  • Accommodations: The price of lodging can change based on the location and style of lodging selected. Depending on the city and amenities, the cost of on-campus living or shared apartments can range from CAD 600 to CAD 1,500 per month. A private flat may cost between CAD 800 and CAD 2,500 per month to rent.
  • Living spending: Personal lifestyle decisions, such as those regarding food, travel, utilities, entertainment, and personal spending, will affect the cost of living in Canada. Depending on the city and personal tastes, students can plan to spend between CAD 800 and CAD 1,500 per month on living expenditures.
  • Health Insurance: International students studying in Canada are required to get health insurance. Depending on the jurisdiction and available coverage options, a year’s worth of health insurance might cost anywhere between 600 and 1,200 Canadian dollars.
  • Books and Study Aids: Depending on the demands of the program, the price of books and study aids can change. Budgets for students range from CAD 500 textbooks and course materials, to 1,000 annually.

Scholarships Available : MiM in Canada

  • Vanier Canada Graduate Scholarships: These awards are available to both domestic and foreign students who are enrolled in doctorate programmes or dual MA/PhD or MD/PhD programmes. The scholarship provides $50,000 per year of study for a maximum of three years.
  • Canadian Master’s Scholarship Programme: Students from any country may apply for this scholarship if they are pursuing a Master’s degree in any subject area. The scholarship provides up to two years of education at a rate of $17,500 per year.
  • Ontario Graduate Scholarship: This scholarship is open to both domestic and foreign students who are enrolled in an Ontario Master’s or doctorate programme. The scholarship offers up to two years of education at a rate of $15,000 per year.
    International students pursuing a Master’s or doctorate may apply for this scholarship through the Quebec Merit Scholarship Programme for Foreign Students.
  • The Mitacs Globalink Research Award provides support for research partnerships between universities in Canada and abroad. The grant offers $6,000 for a 12- to 24-week period of research.
  • Scholarships for International Students at HEC Montreal: These awards are offered to international students attending HEC Montreal to earn a Master’s degree in management. The award is worth up to $45,000 CAD annually.

Career Prospects : MiM in Canada

91%

Employed within 3 months of graduation

60-75K

Avg. Salary

      Most Sought-after Jobs

              Management Consultant

Business Analyst

Project Manager

Financial Analyst

Marketing Manager

      Human Resources Manager

 

You will be fully prepared to take on the business world once you have earned your MIM from your preferred college. You can apply for a high-profile career in management because you will have the fundamental knowledge of the commercial market. 

You would become a knowledgeable specialist in your chosen field after completing the comprehensive training required for the MIM degree, allowing you to focus on both your industry and related ones. For people who have pursued general MIM, there are numerous managerial-level positions available across numerous industries. After earning your MIM in Canada, you can look into the employment profiles listed below.

Responsibility Profiles 

  • Project Director: As a project manager, you will be in charge of planning a project, laying down the financial details, and cost. Organisations that provide goods or services to their clients are looking for project managers to handle these issues. 
  • management consultant: After earning a MIM degree, the most sought-after career path is that of a management consultant. Organisations frequently require qualified specialists who can manage the business with skill while considering the best possible use of all available resources. The advisors also monitor the company’s overall expansion. 
  • Social Media Manager: Every company wants to have a strong online presence on sites like LinkedIn, Facebook, Instagram, Google Plus, and others. As a result, as a social media manager, your job would be to oversee all broadcasts and maintain the company’s online presence.
  • Risk Manager: To grow their enterprises, businesses frequently must make important decisions; as a result, risk managers are the experts who guide businesses by carefully examining any potential inconsistencies. These professionals uphold a company’s security, safety, profitability, and reputation. 
  • Entrepreneur: One of the most rewarding choices after pursuing a MIM degree is becoming an entrepreneur. You can continue building your company or expand your family business.

Visa & Stay Prospects : MiM in Canada

Criteria and eligibility:

To be eligible for a student visa in Canada to study a master’s degree, you must meet the following criteria:

  • Be enrolled in a full-time master’s degree program at a designated learning institution (DLI) in Canada.
  • Have a valid passport and visa.
  • Have sufficient financial resources to support yourself during your studies.
  • Have a clean criminal record.

The specific requirements for financial resources may vary depending on the length of your course and your personal circumstances. However, you will generally need to show that you have enough money to cover your tuition fees, living expenses, and travel costs.

Cost:

The cost of a student visa in Canada varies depending on the length of your course and your personal circumstances. However, you can expect to pay around CAD$150 for a student visa application. You will also need to pay a visa application charge of CAD$100.

In addition to the visa application fees, you will also need to pay tuition fees for your master’s degree program. Tuition fees vary depending on the university and the course you are studying. However, you can expect to pay between CAD$20,000 and CAD$40,000 per year for a master’s degree in Canada.

Guidelines:

The application process for a student visa in Canada can be found on the website of Immigration, Refugees and Citizenship Canada (IRCC). The application must be submitted at least three months before the start of your course.

The application process includes the following steps:

  1. Complete the online visa application form.
  2. Pay the visa application fees.
  3. Submit your supporting documents, such as your passport, academic transcripts, and financial evidence.
  4. Attend a visa interview, if required.

The processing time for a student visa in Canada is typically two weeks. However, it can take longer if your application is incomplete or if you are required to attend a visa interview.

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Top in Programs in Canada

 

UniversityDetailsSuggested
 HEC Montreal
  • Master of Science (MSc) – International Business Program at HEC Montreal is 16-24 months (excluding the preparatory phase)
  • Tuition fees for the entire program are CAN$30,500
  • The average salary of $ 58,000 after completing the degree
HEC Montreal Letter Of Recommendation
Ivey Business School
  • A 12-month MSc in Management is offered by Queen’s University’s Smith School of Business.
  • International students pay an annual total of $14,982.80 CDN in tuition fees.
  • A starting salary of $66,052 is typical.
MiM Programme: Complete Overview
Queen’s University
  • A 12-month MSc in Management is offered by Queen’s University’s Smith School of Business.
  • International students pay an annual total of $14,982.80 CDN in tuition fees.
  • A starting salary of $66,052 is typical.
MiM Programme at Queen’s
Sauder School of Business
  • It’s the #1 Master of Management in North America and in the Top 60 in the world.
  • The total fee for International Students is $50,616CAD
  • Average yearly salary after graduation is $46,121
UBC Sauder MIM Analysis

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 MiM in Canada

Canada is known for its high-quality education system, diverse and inclusive culture, and a strong emphasis on research and innovation. Pursuing a MiM degree in Canada can allow international students to gain a global perspective, enhance their career prospects, and benefit from post-graduation work opportunities.

Admission requirements vary by university and program. Generally, applicants are expected to have a bachelor’s degree from a recognized institution, English language proficiency (often demonstrated through tests like IELTS or TOEFL), letters of recommendation, a statement of purpose, and sometimes relevant work experience or extracurricular activities.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Many universities in Canada offer scholarships, grants, or financial aid options for international students, including those pursuing MiM degrees. It’s important to research the specific scholarships available at the universities you’re interested in and check their eligibility criteria and application deadlines.

International students in Canada are often allowed to work part-time during their studies and may also be eligible for post-graduation work permits (PGWP), which allow them to work in Canada for up to three years after completing their studies. PGWP eligibility and duration depend on the length of the program completed.

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