Content Curator | Updated On - May 9, 2024
MBA in International Business in Canada is a 2-year full-time degree offered by a handful of universities. This specialization is majorly opted by experienced MBA aspirants who wish to understand business management practices across the globe. In this course you can explore global challenges in company operations, international markets, global economics, and international trade law.
International business is considered one of the popular specializations for high-paying MBA jobs in Canada. Organizations hire MBA IB graduates to resolve intercultural issues and ensure smooth transaction of goods/services across international borders. Graduates with MBA in International Business in Canada earn an average salary of 91,000 CAD (55.6 lakhs INR) per annum.
MBA in International Business in Canada Highlights
Course Name | MBA in International Business in Canada |
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Course Duration | 2 years |
Eligibility Criteria |
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English Proficiency Score |
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Average Tuition Cost | 38,000-117,000 CAD (23.2-71.5 lakhs INR) |
Average Salary | 91,000 CAD (55.6 lakhs INR) |
Recruiters | Otis Elevator Company, Thought Technology Ltd, Deloitte, Amazon, Rogers, TD Financial Group |
Universities for MBA International Business in Canada
Out of the 5 universities offering MBA in International Business, two of them rank among the top business schools of Canada, according to QS World University Rankings 2024. The best colleges in Canada for MBA in International Business are tabulated below:
University | Course | Application Deadline | Tuition Fees | Application Link |
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University of Alberta | MBA in International Business | March 1, 2024 | 70,000 | Apply Now |
York University | International MBA | July 18, 2024 | 117,850 | Apply Now |
University of Regina | MBA in International Business | July 1, 2024 | 38,883 | Apply Now |
Why study MBA in International Business in Canada?
Approximately 45% of Canada's goods and services are exported to other countries. Most organizations face issues with the management of demands across borders. Hence, they hire graduates with MBA in International Business in Canada as they have the skills to compete in the constantly changing global marketplace.
Factor | Canada | UK | USA |
---|---|---|---|
Job Market | Robust IT sector (500,000 IT firms) with internships/co-ops 305,000+ job positions. | Established tech and finance hubs (London); Limited internships | Tech hub (Silicon Valley); competitive internships |
Work Permit | Up to 3 years (PGWP), potentially leading to permanent residency | Shorter work permit (typically 2 years max) | Shorter permit (1-3 years) |
Salary (Approximately) | 91,000 CAD (55.6 lakhs INR) | 56,000 GBP (59 lakhs INR) | 102,000 USD (1.07 crore INR) |
MBA in International Business in Canada Requirements
Students are required to have a 4-year undergraduate degree, a minimum of 2 years of work experience, and a GMAT score of 550 to apply to these 3 universities. Their course curriculum and admission process are discussed in detail as follows:
- 4-years bachelors degree (3-year accepted if work experience is more than minimum requirement)
- 2-3 professional LORs
- 1 to 2-page Statement of Purpose for MBA in IB or Video Essays
- Updated Resume
- GMAT Scores (550+) or GRE Equivalents
- IELTS: 6.5 to 7.0 | TOEFL: 80 to 100
International students also need to apply for a Canada student visa issued by Canadian immigration authorities. This document is mandatory for studying in the country.
MBA in International Business in Canada Eligibility
University | GPA/Percentage | Work Experience | GMAT/GRE | IELTS/TOEFL | Additional Requirements |
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University of Alberta | Minimum: 80% | Average: 89% | Minimum: 2 years | Average: 5 years | Minimum: 550 (50th percentile of GRE also accepted) Average: 605 | IELTS: 7.0 TOEFL (iBT): 100 | 2 rounds of interviews: Pre-recorded video having answers to 4 questions | One-on-one interview with through Skype |
York University | 74% - 76% in the last 2 years of study | 2 years | Minimum: 550 (or 50th percentile in GRE in all sections) | Average: 660 (50th percentile in all sections | IELTS: 7.0 (6.5 in each section); TOEFL (iBT): 100 (23 in each section) | 2 written essays of 350 words | 1 written essay- 5 minute | 2 video essays of 90 seconds |
University of Regina | 70% | 2 years | 500 (or equivalent GRE) | IELTS: 6.5 (6.0 in each section) TOEFL (iBT): 80 (20 in each section) | Students having more than 75% are not required to submit GRE/GMAT test scores. |
Looking for an MBA in International Business in Canada? Also, explore Masters in International Business in Canada.
MBA in International Business in Canada Cost
MBA in International Business in Canada fees for an Indian student ranges between (23.2-71.5 lakhs INR). Amongst the three institutes, York charges the highest fee whereas the University of Regina is the cheapest.
A breakdown of the cost of living in Canada for an international student is provided below:
Expense Type | Average Cost (CAD) | Cost Equivalent (INR) |
---|---|---|
Accommodation | 1,400 | 85,000 |
Food | 290 | 17,200 |
Transport | 100 | 6,000 |
Internet | 86 | 5,200 |
Books and Supplies | 180 | 10,900 |
Miscellaneous | 400 | 24,300 |
MBA in International Business in Canada Scholarships
Scholarships available for international students pursuing MBA in Canada can also be availed by those who choose international business as a specialization. International students can also apply for external funding, awards by NGOs and the government to support their education financially.
Some scholarships offered in Canada for students of MBA in International Business are:
- Alberta MBA Entrance Awards: Up to 15,000 CAD
- York- Resource Capital Funds Scholarship: Up to 15,000 CAD
- Regina- Graduate Scholarship Base Fund: Minimum 5,000 CAD per year (for 2 years)
MBA in International Business in Canada Scope
A graduate with an MBA in International Business in Canada earns an average salary of 91,000 CAD (55.6 lakhs INR) per annum. Some popular job roles in Canada for MBA in International Business graduates are as follows:
Job Roles | Average Annual Salary (CAD) | Average Annual Salary (in INR) |
---|---|---|
Project Manager | 92,273 | 56 lakhs |
Chief Executive Officer | 153,885 | 94 lakhs |
Business Analyst | 70,680 | 43 lakhs |
Market Development Manager | 99,592 | 60 lakhs |
Business Development Manager | 76,335 | 46 lakhs |
Chief Financial Officer | 177,320 | 1.08 crore |
Finance Manager | 72,972 | 44 lakhs |
Logistics Coordinator | 45,065 | 27 lakhs |
With globalization and advancement in technologies, many organizations have offices or client bases in other countries as well. Hence, they employ graduates with MBA in International Business to reduce cross-cultural differences and manage operations globally.
FAQs
Ques :What is the salary of an MBA in international business in Canada?
Ans: A graduate with an MBA in International Business in Canada earns an average salary of 91,000 CAD (55.6 lakhs INR) per annum. Some popular job roles in Canada for MBA in International Business graduates are as follows:
Job Roles | Average Annual Salary (CAD) | Average Annual Salary (in INR) |
---|---|---|
Business Analyst | 70,680 | 43 lakhs |
Market Development Manager | 99,592 | 60 lakhs |
Business Development Manager | 76,335 | 46 lakhs |
Finance Manager | 72,972 | 44 lakhs |
Logistics Coordinator | 45,065 | 27 lakhs |
Ques: What is the scope of an MBA in international business in Canada?
Ans: Approximately 45% of Canada's goods and services are exported to other countries. Most organizations face issues with the management of demands across borders. Hence, they hire graduates with MBA in International Business in Canada as they have the skills to compete in the constantly changing global marketplace.
Ques: How much does an MBA in international business cost in Canada?
Ans: MBA in International Business in Canada fees for an Indian student ranges between (23.2-71.5 lakhs INR). Amongst the three institutes, York charges the highest fee whereas the University of Regina is the cheapest.
A breakdown of the cost of living in Canada for an international student is provided below:
Expense Type | Average Cost (CAD) | Cost Equivalent (INR) |
---|---|---|
Accommodation | 1,400 | 85,000 |
Food | 290 | 17,200 |
Transport | 100 | 6,000 |
Internet | 86 | 5,200 |
Books and Supplies | 180 | 10,900 |
Miscellaneous | 400 | 24,300 |
Ques: Which college is best for MBA in international business in Canada?
Ans: Out of the 5 universities offering MBA in International Business, two of them rank among the top business schools of Canada, according to QS World University Rankings 2024. The best colleges in Canada for MBA in International Business are given below:
- University of Alberta
- York University
- University of Regina
Ques: Which country is best for MBA international business?
Ans: The USA and UK are considered to be the best countries for pursuing MBA in International Business since most of the MNCs have headquarters in these countries. Canada is considered to be the close third as 40% of this country’s goods and services are exported and to ensure smooth functioning, organizations hire international business managers.
Ques: Who is eligible for an MBA in international business in Canada?
Ans: Students are required to have a 4-year undergraduate degree, a minimum of 2 years of work experience, and a GMAT score of 550 to apply to these 3 universities. Their course curriculum and admission process are discussed in detail as follows:
- 4-years bachelors degree (3-year accepted if work experience is more than minimum requirement)
- 2-3 professional LORs
- 1 to 2-page Statement of Purpose for MBA in IB or Video Essays
- Updated Resume
- GMAT Scores (550+) or GRE Equivalents
- IELTS: 6.5 to 7.0 | TOEFL: 80 to 100
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