| Updated On - Aug 1, 2024
Masters in Management in Canada is a 1-1.5 year graduate degree program, introducing students in the world of management. It can be pursued right after the undergraduate program, unlike MBA, which generally requires considerable work experience. MIM is preferred by students with no or minimal work experience, and provides sufficient time to choose a profession after graduation.
Indian students require B average (85%) or above score in a relevant bachelor’s degree for admission to this program in the Canadian universities. You will also require an IELTS score of 6.5 or equivalent for admission to the university. Tuition fees for MIM in Canada can be very expensive across the top universities. However, some moderately ranked institutes like University of Guelph, University of Windsor, TMU, and few others offer the program between 14,000 and 30,000 CAD (8.47 and 18.17 lakhs INR).
MIM is more like a crash course, preparing inexperienced students to land entry level job roles, and start gaining professional experience. Securing a job in Canada right after MIM is comparatively harder than MBA, due to the difference in work experience. However, after graduating, students commonly find jobs in Marketing, Finance, or Operations. Amazon, Deloitte and various other renowned companies hire MIM graduates in Canada.
Once graduated with an MIM in Canada, you can earn an average salary of 67,000 CAD (40.52 lakhs INR) per year. If you want to become a permanent resident of Canada, you need a Canadian Experience Class. To get Canadian Experience Class, you can plan to live in a Canadian province, get the documents ready, and pursue at least 1 year of paid work. For permanent residency in Quebec province, there is a separate program, Quebec Experience Program (PEQ).
Top Universities for Masters in Management in Canada
Canada houses 7 of the top 150 universities in the world, as per QS Business Master's Rankings 2024: Management. Here are the top universities offering the program, with application deadlines and fees:
QS WUR, 2025 | University | Program | Application Deadline | Application Fee (CAD) |
---|---|---|---|---|
#25 | University of Toronto | Master of Management Analytics | Early Feb, 2025 | 195 |
#29 | McGill University | Master of Management Finance | Nov 15, 2024 | Jan 15, 2025 | 132.90 |
#38 | University of British Columbia | Master of Management | Oct 15, 2024 | Jan 10, 2025 | Mar 11, 2025 | 157.25 |
#193 | Queen’s University | Master of Management | Sep 15, 2024 onwards | No application fee |
#=362 | York University | Master of Management | Early Sep to early Jun | 130 |
#415 | Concordia University | MS in Management | Feb 1, 2025 | 100 |
#456 | University of Guelph | MSc Management | Jan 2025 | 120 |
#=547 | University of Windsor | Master of Management | Dec 15, 2024 | Jan, 2025 | 125 |
#661-670 | Memorial University of Newfoundland | MSc Management | December 1, 2024 | 120 |
#801-850 | Toronto Metropolitan University | MS in Management | Dec 10, 2024 | 110 |
- | University of Lethbridge | Master of Management | Feb 1, 2025 | 150 |
- | University of Winnipeg | Master in Management | Feb 1, 2025 | 120 |
Masters in Management in Canada Admissions
Indian students require at least B average (85%) in an undergraduate degree from a recognized university for admission to MIM in Canada. Some other common requirements for admission to the program are as follows:
- Transcripts
- GMAT/GRE score (Recommended)
- English proficiency test score:
- IELTS: 6.5
- TOEFL iBT: 86-89
- CV
- 2 LORs
- Criminal record check
Check: Canada student visa
Masters in Management in Canada Tuition Fees
Tuition fees for MIM in Canada can widely vary between 14,208.24 and 83,700 CAD (8.59 to 50.66 lakhs INR), depending on the university. A range of the average tuition fee for Masters in Management in Canada are as follows:
Cost of Living in Canada
The average cost of living in Canada is around 63,000 CAD (38.17 lakhs INR) per year. The living cost widely varies depending on the location, residence type, health insurance, food, and other living expenses. The average apartment rent across some popular cities in Canada are as follows:
Masters in Management in Canada Scholarships
Indian students pursuing MIM in Canada can get a few university-provided or externally-funded scholarships to fund their education. Some popular scholarships are:
- Ontario Graduate Scholarship: 5,000 CAD per session for up to 3 sessions
- Lester B. Pearson International Scholarship Program: Variable
- McGill Entrance Scholarships: Variable
- Asia Top Talent Scholarships UBC: 10,000 CAD
Also check: Popular Scholarships in Canada
Masters in Management in Canada Jobs and Salaries
Master of Management graduates in Canada earn an average salary of 67,000 CAD (40.52 lakhs INR) per year. Some commonly pursued jobs by MIM graduates in Canada and their respective average salaries are as follows:
Pursuing MIM in Canada can be a life-changing decision for Indians. It is a highly recognized Management program, but requires no work experience and comes at a cost much lesser than MBA. In Canada, there are big names like Amazon, and Deloitte hiring MIM graduates. If you have sufficient funds to afford this program, it can be ideal to achieve long term goals.
FAQs
Ques. Is Canada good for Masters in Management?
Ans. Yes, Canada is a suitable place to pursue Masters in Management program. It houses 7 out of the top 150 universities in the world in QS Business Master's Rankings 2024: Management. While securing jobs without work experience is a bit difficult for Indians, however, MIM graduates can earn an average salary of 67,000 CAD (40.52 lakhs INR) per year in Canada.
Ques. How long is Masters in Management in Canada?
Ans. Masters in Management in Canada is a 1-1.5 years long program. The short duration of the program makes recent undergraduate students ready to pursue career roles.
Ques. Who are the top employers of MIM graduates in Canada?
Ans. MIM graduates in Canada are employed across various globally renowned top companies, and moderate companies. Some top employers of MIM graduates in Canada are, L&T, EY, Scotiabank, Amazon, and Deloitte among others.
Ques. Can I get PR after 1 year MIM in Canada?
Ans. No, to qualify for a Canada PR, you will require a Post Graduate Work Permit in Canada first. This allows you to work in Canada for up to 3 years after graduation. You need at least 1 year of skilled work experience to get a Canada PR. After this, you can apply for a Canada PR, however, meeting all the eligibility criteria will still not assure Canada PR issuance.
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