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Veda Burman Study Abroad Content Specialist
Study Abroad Content Specialist
Masters in International Business in Canada is a 1-2 year graduate degree program. It is available as MSc or MBA in International Business in Canada across some renowned universities. The program offers students with an understanding of business practices around the world. For admission to this program, as an Indian student, you require a bachelor’s degree with 75% score or above. The universities in Canada also expect a minimum GMAT score of 500 or equivalent GRE score for enrolling international students. Indian students will also require English proficiency test scores like 6.5 or above in IELTS or equivalent.
The program has a total tuition fee between 32,901 and 81,180 CAD (20.16 and 49.75 lakhs INR) across the renowned universities in Canada. If you are facing financial hardship, you can select from the various university-provided and externally-funded scholarships available to international students. The university scholarships like Richard Ivey MSc Excellence Awards reduce up to 20,000 CAD (12.25 lakhs INR) from your total expenses.
According to current students, there are a range of professional opportunities for International Business graduates. Securing a job depends on your effort in studies and seriousness. Some students secure jobs even before completing their graduation. On average, International Business graduates in Canada annually earn an average salary of 91,000 CAD (55.76 lakhs INR) per year.
Top Universities in Canada for Masters in International Business
International Business masters programs are available as MS or MBA degrees in Canada. Some of the best universities in Canada for Masters in International Business, and their corresponding deadlines, are as follows:
| University | Program | Application Deadline |
|---|---|---|
| Western University | MSc in Management – International Business | July 29, 2024 |
| Queen’s University | Master of International Business | Rolling |
| Université de Montréal | Master of Science in International Business | September 15, 2024 | March 1, 2025 |
| University of Alberta | MBA in International Business | May 1, 2025 |
| University of Victoria | Master of Global Business | August 1, 2024 | April 30, 2025 |
| University of New Brunswick | MBA in International Business | March 31, 2025 |
| University of Regina | MBA in International Business | October 1, 2024 | March 1, 2025 | July 1, 2025 |
| Trinity Western University | MBA in International Business | October 1, 2024 | February 1, 2025 |
If you do not intend to pursue a master’s degree in International Business in Canada, you can choose an advanced diploma program in Centennial College, George Brown College, Seneca Polytechnic, Conestoga College and a few other colleges.
The advanced diploma equips students with specialized skills to meet industry-specific needs within 1 year of curriculum. This includes international marketing, international finance, cross-cultural communication, global supply chain management, and trade laws. However, if deeper knowledge is your priority over quickly securing jobs, go for the 2-years master's program.
Why Study Masters in International Business in Canada?
Canada is globally known for its ideal business market for startups and companies looking to establish international business. The favourable tax policies, well-developed business infrastructure, and skilled workforce make it a centre for business. Thus, learning international business in the universities in Canada is an ideal spot as you will enjoy the industry exposure. Here are a few important factors why Canada should be among your top choices for Masters in International Business:
- Top Universities: Canada has 4 of the top 150 universities in the world (QS WUR by Subject 2024: Business and Management Studies) including Western University, Queen's University and others, offering Masters in International Business programs. These programs include several assessments, giving you practical learning opportunity.
- Networking Opportunity: The top universities in Canada provides you the option to connect with industry professionals through various events. As an Indian student, you can take this opportunity to know your potential in the market, and increase skill sets according to market demands. Some top employers in International Business field in Canada include Google, Amazon, Deloitte, Accenture, EY, BC Hydro, RBC, and Business Development Bank of Canada.
- Cultural Diversity: The international student body of the universities in Canada provides you with a lot of networking opportunities. The vibrant cultures of different countries give you ideas and skills in international business and entrepreneurship.
- Demand: The management sector in Canada is in high demand for knowledgeable professionals. If you earn a degree in International Business from one of the colleges or universities in Canada, the chances of securing a job are high.
Masters in International Business in Canada Admission Requirements
The universities in Canada require an undergraduate degree with a B+ (75% or 3.3 GPA out of 4.3) average, completed within the past 2 years for admission to MS International Business in Canada. Indian students should aim for a minimum GPA of 3.5 (90%) or above to secure a position. A good GPA in your resume might be beneficial in the admissions process.
Some universities like UMontreal might ask for degrees only from Computer Science background for admission to this program. These universities might also ask you to mandatorily appear in admission tests, unless you’ve completed undergraduate education in Canada.
If you are looking for Masters in International Business in Canada without GMAT score, Western University is your ideal destination. However, other universities might waive off the GMAT score requirement based on outstanding GPA (above 3.5 out of 4.0 or over 90%) in bachelor’s level.
The additional requirements for admission to this program across renowned universities are as follows:
| University | Test Score Requirements | Additional Requirements |
|---|---|---|
| Western University | TOEFL iBT: 100 | IELTS: 7 | PTE: 70 | 2 LORs | 2 page Resume | Essay and video questions |
| Queen’s University | GMAT: 600 or GRE: 315 | IELTS: 6.5 | TOEFL iBT: 88 | PTE: 60 | DET: 120 | Essays | 3 references | Transcripts |
| Université de Montréal | GMAT: 630 or equivalent GRE | IELTS: 6.5 | TOEFL iBT: 90 | Transcripts | 2LORs | Motivational letter | CV | Proof of professional titles | Second choice of specialization |
| University of Alberta | GMAT: 550 or higher | | Work experience | Resume | 2 LORs | Statement of intent |
| University of Victoria | TOEFL iBT: 90 | IELTS: 6.5 | Maximum 5 years of experience | Resume | 2 LORs | Written and video submissions | Extracurricular activities | Personal/professional accomplishments | Awards | Recognition |
| University of New Brunswick | GMAT: 550 | TOEFL iBT: 93 | IELTS: 7 | PTE: 65 | 2 years consecutive full-time and relevant work-experience | Current resume | Personal statement | 3 LORs |
| University of Regina | GMAT score: 500 or GRE equivalent | 2 years full-time work experience | Resume/CV | 2 official LORs |
| Trinity Western University | IELTS: 7 | TOEFL iBT: 100 | Duolingo: 130 | 500-800 words personal admission statement | 1 academic and 1 professional LOR | Resume/CV | Transcripts | Entrance interview |
Canada Student Visa Requirements
Indian students require the following documents to get a Canada Study Permit:
- Proof of enrolment in a Designated Learning Institute (DLI) in Canada
- Proof of sufficient funds to pay for tuition and living cost in Canada
- Sufficient funds for return transportation to India with family
- Good health condition, and a medical exam (If required)
- No criminal record, and a Police certificate (If required)
- Proof of clear intent to leave Canada after study visa expiration.
Masters in International Business in Canada Fees
The total tuition Fees for MIB in Canada ranges between 32,901-81,180 CAD (20.16-49.75 lakhs INR). The university-specific tuition fee range for the program is provided below:
| University | Total Tuition Fee (CAD) | Equivalent Tuition Fee for Indians (INR) |
|---|---|---|
| University of Regina | 32,901 | 20.16 lakhs |
| University of New Brunswick | 34,026 | 20.84 lakhs |
| Trinity Western University | 37,125 | 22.74 lakhs |
| University of Victoria | 43,587 | 26.71 lakhs |
| Université de Montréal | 44,976 | 27.56 lakhs |
| Queen’s University | 57,624 | 35.31 lakhs |
| University of Alberta | 70,000 | 42.90 lakhs |
| Western University | 81,180 | 49.75 lakhs |
Cost of Living in Canada
The average cost of living in Canada varies between 1,500 and 3,000 CAD per month. For Indian students, this cost range is equivalent to 91,920 and 1.83 lakhs INR. Your cost of living depends on several factors like: accommodation option, modes of transportation, eating habits, and your lifestyle. A breakdown of the cost of living in Canada for Indian students is provided below:
Masters in International Business in Canada Scholarships
The universities in Canada offer a range of scholarships to students pursuing MSc in International Business in Canada. The university scholarships can cover from 12,000 to 20,000 CAD of your expenses. Besides, there are externally funded popular scholarships for Indian students in Canada, which can cover up to full tuition fees and miscellaneous expenses.
Check out some scholarships that Indian students can avail at the universities offering MS in International Business in Canada:
| Scholarship Name | Eligibility Criteria | Award Value |
|---|---|---|
| Richard Ivey MSc Excellence Awards | Automatic consideration based on academic merit, leadership, experience, international engagement, and admission interview score at Ivey Business School | 20,000 CAD |
| UVic Fellowship Awards | A- average on the last two years of course work | Full-time student | Up to 17,500 CAD per year |
| University of Alberta Entrance Awards | Automatic consideration of students admitted to MBA program, based on merit | Up to 15,000 CAD |
| Alberta Graduate Excellence Scholarship | 3.3 GPA out of 4.3 (77-79%) | 12,000 CAD |
| Queen’s University Entrance Scholarship | Academic excellence, strong references, excellent performance in admission interview, exceptional GMAT/GRE or English proficiency test result | Variable |
Masters in International Business in Canada Jobs and Salaries
International Business graduates in Canada reportedly earn 91,000 CAD (55.76 lakhs INR) per year as an average salary. Some commonly pursued professions after this degree are as follows:
| Job Title | Average Salary Per Year (CAD) | Equivalent Salary for Indians (INR) |
|---|---|---|
| Business Development Manager | 76,335 | 46.76 lakhs |
| Purchasing Supervisor | 80,870 | 49.54 lakhs |
| Strategy Manager | 88,135 | 53.99 lakhs |
| Product Manager, Software | 90,845 | 55.65 lakhs |
| Project Manager | 92,270 | 56.53 lakhs |
| Program Manager | 93,465 | 57.26 lakhs |
| Project Manager, Information Technology | 97,940 | 60 lakhs |
| Regional Business Development Manager | 102,400 | 62.74 lakhs |
| Senior Product Manager | 104,550 | 64.06 lakhs |
MSc International Business in Canada is available across a limited number of universities in Canada. Before applying for admission to one of them, thoroughly do your research on the eligibility criteria, course curriculum, fee structure, student acceptance and opportunities for graduates. You can connect with departmental seniors via LinkedIn or other social media platforms, to get an idea of the program and get essential tips before visiting Canada.
FAQs
Ques. Which university is best for master of international business in Canada?
Ans. Some top universities offering Master of International Business programs in Canada and their respective QS rankings are as follows:
| University | QS WUR by Subject 2024: Business & Management Studies |
|---|---|
| Western University | #67 |
| Université de Montréal | #=75 |
| University of Alberta | #=129 |
| Queen’s University at Kingston | #=135 |
| University of Victoria | #451-500 |
Ques. Is it worth doing Masters in International Business in Canada?
Ans. Yes. Masters in International Business in Canada ensures a rewarding career to Indian students. Canada has some top ranked universities in the world in Business and Management Studies, offering the program to Indian students. The universities in Canada offer this program with several assignments in the curriculum, implementing real-world problem-solving skills. The total tuition fees for the program range between 32,901 and 81,180 CAD (20.16 and 49.75 lakhs INR). According to reports, graduates of the program earn an average mid-career salary of 91,000 CAD (55.76 lakhs INR) per year. This indicates that you might recover twice as much of your tuition and living expenses within 1 year of employment after graduation.
Ques. How much is the tuition fee for MSc International Business in Canada?
Ans. The tuition fees for MSc in International Business in Canada varies between 43,587 to 81,180 CAD (26.71 to 49.75 lakhs INR). However, tuition fees for MBA in International Business 32,901 and 70,000 CAD (20.16 and 42.90 lakhs INR).
Ques. How much salary can International Business graduates in Canada earn?
Ans. International Business graduates in Canada reportedly earn a mid-career salary of 91,000 CAD (55.76 lakhs INR) per year. Graduates earn up to 104,550 CAD (64.06 lakhs INR) per year while working as Senior Product Manager. Some other high-paying jobs after International Business masters in Canada and their respective annual salaries are:
- Regional Business Development Manager: 102,400 CAD
- Project Manager, Information Technology: 97,940 CAD
- Program Manager: 93,465 CAD
- Project Manager: 92,270 CAD
Ques. What is the difference between MS and MBA in International Business in Canada?
Ans. MBA in International Business in Canada is designed for students from business background with fundamental knowledge of business. The program generally has a requirement of 2 or more years of relevant work experience. The MS program is available to students from any academic background and even without work experience.
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