Shahid Mustaq Murshed Study Abroad Content Specialist
Study Abroad Content Specialist
Highlights:
- Tuition fees for MS in Business Analytics in Canada starts at 20,000 CAD per year.
- Due to high competition, students can apply for MSBA Canada programs in Fall intake only.
- It is not mandatory to have a GMAT or GRE score to get into Masters in Business Analytics in Canada.
- Top universities for MSc Business Analytics Canada allow you to work 20 hours a week during semesters in part-time jobs.
- Work experience is optional to get into this program. Surveys indicate 83.6% of students are enrolled in this program without having a work experience
A Masters in Business Analytics in Canada is a perfect combination of data science and business program. It is a 2-year-long postgraduate program, emphasizing on business expertise, data analysis, big data management, and data visualization. To get into business analytics master in Canada, you need to have
- A 4-year bachelor degree with mandatory subjects like Statistics, Algebra, and Calculus
- An undergraduate GPA of 3.0 (83-86% marks)
- GMAT score of 600 or equivalent GRE (optional)
- English proficiency scores in IELTS, TOEFL, PTE (minimum 7 on IELTS or equivalent)
- Recommendation letters
- Personal statement
- Work experience (requirements vary upon university)
- Canada Student visa
- Valid passport
- Updated CV
Depending on the university and location, MS in Business Analytics in Canada fees can vary from 20,000- 50,000 CAD. Apart from the tuition fees, you need to cover the estimated yearly living cost between 15,000- 20,000 CAD. Worried about the high costs? Be assured, universities in Canada for masters in business analytics provide good return on investment. You also have the opportunity to get scholarships, amounting up to 12,000 CAD. Even the starting annual salary after this course is 86,286 CAD in the high paying jobs in Canada. You can also apply for scholarships, fellowships to cover the cost of MSBA in Canada. To know more about the ROI, see below.
Why Study Masters in Business Analytics in Canada
Canada is a popular study abroad destination among students for its course offerings and employment opportunities. But why a Business Analytics masters course is a good option to study in Canada. Check the below points for a justified answer
- According to QS World Universities Ranking, 2024, University of British Columbia, York University and University of Alberta are the top 3 universities in Canada offering Masters in Business Analytics.
- According to the Bureau of Labor Statistics, the number of jobs related to Business Analytics in Canada is expected to rise around 110,000 by 2026.
- The average starting salary is 50 lakhs INR per annum after completing MSBA Canada.
- According to the GMAC survey, 71% of employers plan on hiring Business school graduates for analytical roles. Hence, a Canada Business Analytics masters or a similar degree can boost your career prospects.
- In Canada, tuition fees are among the lowest in English speaking countries.
- From elementary and high school study to STEM courses, Canada offers quality education across different levels.
Top Universities Offering Masters in Business Analytics in Canada
Masters in Business Analytics are available in some top-ranking Canadian universities and Business colleges. International applicants are suggested to apply for the fall term for most of the universities. Application deadlines and tuition fees for masters in business analytics in Canada universities are discussed in the table below
| University/College | Program | Application Deadlines | Annual Tuition fees |
|---|---|---|---|
| University of British Columbia
Sauder School of Business |
Masters of Science in Business Analytics | Closed for 2024 | 66,423 CAD (40,47,953 INR) |
| York University Schulich School of Business | Masters of Business Analytics | Closed for 2024 | 61,830 CAD (37,67,920INR) |
| University of Alberta
Alberta School of Business |
MBA Business Analytics | Closed for 2024 | 54,000 CAD (32,90,870 INR) |
| Western University
Ivey Business School |
MS in Management Business Analytics | May 14, 2024 | 40,590 CAD (INR 24,73,637) |
| HEC Montreal | MS in Data Science and Business Analytics | MS in Management - Data Science and Business Analytics | Closed for 2024 | 42,600 CAD (25,96,044 INR) |
| McMaster University DeGroote School of Business | MBA Business Analytics | May 31, 2024 | 20,662 CAD (12,59,184 INR) |
| Carleton University | MS Business Analytics (collaborative masters) | Closed | 31,117 CAD (18,96,333 INR) |
Note: 1 CAD= 60.94 INR as of April 25, 2024
Admission Requirements for MS in Business Analytics in Canada
If you meet these requirements, you can apply for admission in Canada to get into MSBA. To compete and secure your place, apply with better qualifications. However, the basic requirements for MSc business analytics in Canada are tabulated below.
| University/ College | Academic Requirements | GRE/ GMAT | English Language requirements |
|---|---|---|---|
| University of British Columbia
Sauder School of Business |
Three or four-year Bachelor's degree with a B+ average, or recognized equivalent from an accredited institution | GMAT: 550
GRE: 155 (verbal and quantitative sections) For a competitive edge: 650+ GMAT OR 330+ GRE score |
IELTS academic: 7.0
TOEFL iBT: 100 PTE academic: 70 Canadian Academic English Language Test (CAEL): 70 |
| York University Schulich School of Business | A four-year undergraduate degree from a recognized post-secondary institution with a minimum B+ average in the last two full years | Not required
For competitive edge: work experience and 2 reference letters |
IELTS: 7.0
TOEFL: 100 |
| University of Alberta | 4 year undergraduate degree with 3.0 GPA | GMAT: 550
GRE: 50th percentile |
TOEFL: 100
IELTS: 7.0 PTE: 68 CAEL: 60 |
| Western University
Ivey Business School |
An undergraduate degree completed within past four years | Not required but recommended | TOEFL: 100
IELTS: 7.0 MELAB: 85 PTE: 70 CAEL: 60 DET: 125 |
| HEC Montreal | Undergraduate degree | Not required but preferred | IELTS academic: 7.0
TOEFL: 95 PTE: 66-90 |
| McMaster University DeGroote School of Business | An Honors Bachelor’s degree from a recognized university
B average (equivalent to a McMaster 8.0 GPA out of 12) |
GMAT score 600 or equivalent GRE score | TOEFL, IELTS or PTE accepted |
| Carleton University | Bachelor degree with 80% marks at least | GMAT: 550
GMAT focus edition: 515 or an equivalent GRE |
DET score: 125
IELTS: 6.5 PTE: 60 TOEFL iBT: 86 |
Cost of Studying MSBA in Canada
Apart from an average tuition fee of 21,111 CAD per year, international students also need to bear the cost of living in Canada, books & materials, transportation, etc. The table given below suggests an average of minimum expenses required for studying in that specific university:
| University/ College | Annual Cost of Living |
|---|---|
| University of British Columbia | 29,940 CAD (18,24,604 INR) |
| York University | 30,270 CAD (18,44,715 INR) |
| University of Alberta | 28,640 CAD (17,45,380 INR) |
| Western University | 29,100 CAD (17,73,413 INR) |
| HEC Montreal | 30,702 CAD (18,71,042 INR) |
| McMaster University | 10,900 CAD (6,64,268 INR) |
| Carleton University | 32,500 CAD (19,80,616 INR) |
Note: 1 CAD= 60.94 INR as of April 25, 2024
Masters in Business Analytics in Canada: Scholarships
International applicants enrolled in MBAN and MBA with Business Analytics specializations are offered various scholarships. These scholarships to study in Canada help students to pay timely tuition fees and bear living expenses. The amount of scholarship awards varies from
| University | Scholarship | Amount Offered (CAD) (Approx) |
|---|---|---|
| University of British Columbia | Asia Top Talent Scholarship International Talent Scholarship | 5,000 - 10,200 |
| Carleton University | Merit Scholarships | 1000 - 12,300 |
| York Schulich School of Business | Merit-based Entrance Award and International Student Award | Variable |
| Western Ivey Business School | Merit-based Awards | 20,500 |
| HEC Montreal | Entrance Scholarship | Varies |
| McGill University | Various Entrance Scholarships are available Scotiabank Fellowship | 5,000 - 10,200 |
| McMaster University | Provost Entrance Scholarship The Woo Family International Entrance Scholarship | 7,722 - 3,130 |
Note: 1 CAD= 60.94 INR as of April 25, 2024
Work Permit in Canada
A Post-graduation Work Permit (PGWP) is a work permit that an international student may apply after finishing a post-secondary or higher education in Canada. Work permit is a legal document to work in Canada and opens up doors for Canada PR. It is issued by the Immigration, Refugees, and Citizenship Canada (IRCC). There are mainly three types of work permits
- Post-graduation Work Permit (PGWP)
- Open Work Permit (OWP)
- Employer-specific Work Permit (ESWP).
Masters in Business Analytics in Canada: Job Opportunities
International applicants can work in Canada on a Canadian Work Permit. Some of the careers one can land in with MS in Business Analytics in Canada are listed below along with the median salaries offered. Some of the popular companies that hire students with a Masters in Business Analytics degree are Deloitte, CIBC, Air Canada, KPMG, etc.
Note: 1 CAD= 60.94 INR as of April 25, 2024
Masters in Business Analytics: Degree Comparison
The following table shows the difference between Masters in Business Analytics in Canada vs Masters in Business Analytics in USA on the basis of course duration, average annual fees, visa requirement among other parameters:
| Parameters | Masters in Business Analytics in Canada | Masters in Business Analytics in USA |
|---|---|---|
| Duration | 1-2 years | 1-2 years |
| Average tuition fees | 20,000 to 50,000 CAD | 35,000 to 60,000 USD |
| Annual Cost of living | 10,000 to 15,000 CAD | 12,000 to 18,000 USD |
| Annual Average Salary | 70,000 to 80,000 CAD | 80,000 to 120,000 USD |
| Financial Support | Scholarships, bursaries, work opportunities | Scholarships, bursaries, work opportunities, assistantships |
| Visa | Study permit | F-1 visa or J-1 visa |
| Top Specializations | Data mining, machine learning, deep learning, computer vision, natural language processing | Business intelligence, data visualization, data warehousing, predictive analytics, decision support systems |
| Scores of English language proficiency tests | Minimum 7.0 bands in IELTS, minimum 100 in TOEFL | Minimum 6.5 bands in IELTS, minimum 90 in TOEFL |
You can consider the above-mentioned details while looking to apply for Canada MS in Business Analytics. This course has many specialization options and has a good return on investment. A post graduate diploma in business analytics in Canada will help you to gather knowledge and expertise.
FAQs
Ques: What is the typical duration of a Master's in Business Analytics program in Canada?
Ans: Most Master's in Business Analytics programs in Canada are completed in 12 to 24 months, depending on whether you're pursuing a full-time or part-time study option.
Ques: What are the admission requirements for a Master's in Business Analytics program in Canada?
Ans: Prerequisites may vary between universities, however, applicants are required to have a bachelor's degree in a related field such as business, economics, mathematics, computer science, or engineering. Additionally, some programs may require relevant work experience, strong quantitative skills.
Ques: Are there any scholarships or financial aid available for international students pursuing a Master's in Business Analytics in Canada?
Ans: Many Canadian universities offer scholarships, grants, and assistantships to international students. It's recommended to check the specific financial aid opportunities provided by each university and explore external funding options like government scholarships and private foundations.
Ques: What career opportunities are available after completing a Master's in Business Analytics in Canada?
Ans: Graduates of Business Analytics programs in Canada are in high demand across various industries, including finance, consulting, healthcare, technology, and e-commerce. Career options include data analyst, business analyst, data scientist, data engineer, consultant, and more.
Ques: Does the curriculum of Master's in Business Analytics programs in Canada include practical, hands-on experience?
Ans: Many programs integrate real-world projects, case studies, and internships into their curriculum to provide students with practical experience in applying analytical techniques to solve business problems. Additionally, students often have access to industry guest lectures, workshops, and networking events.
Ques: What are the key skills one can develop during a Master's in Business Analytics program?
Ans: Students can expect to develop a wide range of skills, including data analysis, statistical modeling, machine learning, data visualization, programming, database management, business acumen, communication, and problem-solving skills.
Ques: Are there opportunities for international students to gain work experience in Canada after study?
Ans: International students in Canada are eligible to apply for a Post-Graduation Work Permit (PGWP) which allows them to work in Canada for up to three years after completing their studies. This provides an excellent opportunity to gain valuable work experience and potentially transition to permanent residency.
Ques: How competitive is the job market for Business Analytics graduates in Canada?
Ans: The job market for Business Analytics graduates in Canada is highly competitive due to the increasing demand for professionals with data analysis and business intelligence skills. However, individuals with strong technical skills, relevant experience, and a proactive approach to networking often find rewarding career opportunities.
Ques: Can students pursue part-time or online Master's in Business Analytics programs in Canada?
Ans: Some universities offer part-time or online options for their Master's in Business Analytics programs to accommodate students who may be working or have other commitments. These programs often provide flexibility in scheduling and allow students to balance their studies with other responsibilities.
Ques: What is required to do before applying for a Master's in Business Analytics in Canada?
Ans: Research various universities and programs to find the one that best aligns with your academic and career goals. Reach out to current students, alumni, and faculty members to gain insights into the program culture, curriculum, and job prospects.
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