MBA in International Business in Canada: Colleges, Deadlines, Fees 2024, Jobs & Salaries

MBA in International Business in Canada: Fees 2024, Top Colleges, Admissions, Placements & Salaries

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Collegedunia Team

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
Course Duration 2 years
Eligibility Criteria
  • 4-years bachelors degree (70-80% aggregate)
  • 2-3 LOR
  • SOP, LOR for MBA & Resume
  • GMAT: 550+
  • Work Experience: 2-5 years
English Proficiency Score
  • IELTS: 6.5-7.0
  • TOEFL iBT: 80-100
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
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.

Study Visa Application Process

MBA in International Business in Canada Eligibility

University GPA/Percentage Work Experience GMAT/GRE IELTS/TOEFL Additional Requirements
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:

Cost of Living In Canada
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:

MBA in International Business in Canada Scope

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

MBA in International Business in Canada Top Recruiters

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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