Masters In Management Canada Rankings

Last Updated on December 24, 2022

Canada is home to some of the best business schools and universities in the world. This shouldn’t be a surprise given our natural resources and diverse economy, as well as the humility and politeness that comes from living next door to America.

Masters in Management in Canada is a two-year program designed for students who want to make a prominent mark in leadership roles. To get admissions to Canadian universities offering masters in management, you will need a four-year bachelor’s degree with 80% or more score, IELTS scores (6.5 or more/equivalents accepted), and GMAT scores (waiver available). Documents like professional LORs play a crucial role in admission to masters in management in Canada. 

The average tuition fee for Masters in Management in Canadian Universities is around 56,000 CAD annually. For Indian students, this estimates to be 33 lakhs a year. These expenses can be limited with the help of scholarships available to study master’s in Canada. As the costs involved are high, returns offered by the course are one of the major concerns. MiM graduates are employed to sectors like finance, supply chain management, consulting, accounting, public administration, etc, and make around 75,000 CAD per year on average.

Top Universities for Masters in Management in Canada 

Masters in Management in Canada is a popular course among international students because of its innovative specializations. This course doesn’t only offer standard management education but it also offers various management courses required across industries. Here is the list of specialization subjects for Masters in Management at universities in Canada:

Name of UniversityQS World University Rankings, 2022SpecializationCourse Duration
University of Toronto26Finance, Analytics10 months
University of British Columbia46Strategic management, managerial accounting, operations, and logistics9 months
McGill University27Analytics, Supply chain management 12 months
University of Manitoba601-650International finance, Accounting12 months
University of Windsor701-750Human resource management, leadership, and organizational change, logistics and supply chain management, international financial management16 months
University of LethbridgeAccounting, International management, marketing, information systems, HRM and labor relations24 months
HEC Montreal111Applied Financial Economics, Business Analytics, Finance, Financial Engineering, International business16-24 months
Queen’s University#240Artificial Intelligence, International Business, Innovation, and Entrepreneurship12 months

Why Study Masters in Management in Canada?

  • Masters in Management in Canada is a course program focusing on specialized subjects like entrepreneurship, marketing analytics, operations management, and others.
  • Unlike MBA in Canada, the applicants do not need to have any previous work experience to enroll in this master’s program in Canada.
  • In comparison with MBA, Masters in Management in Canada has low tuition fees with a wide range of career opportunities post-study.
  • In the past decade, it has been noticed that Masters in Management graduates across the world increased by 49%. Students chose to study in Canada for its multicultural lifestyle.

Admissions Deadlines for Masters in Management in Canada

The admission deadlines for some of the top universities offering master’s in Management in Canada are listed below:

UniversityApplication Deadlines
University of Toronto First Round: November 18,Second Round: February 3
University of British ColumbiaRolling admission starting in August
HEC MontrealFall: March 15,Winter: September 15
McGill UniversitySeptember 1 onwards for June session
University of ManitobaFall: February 1
Queen’s UniversityJanuary 15
University of LethbridgeFebruary 1

Admission Requirements for Masters in Management in Canada

Masters in Management in Canada is a much sought after program by many international students. The table below shows the requirements for admissions to universities in Canada offering Masters in Management program: 

UniversityApplication Fees in CADGPA Required on a 4.0 ScaleGMAT Required
Odette School of Business1253.3 (~87-89%)520
Sauder School of Business1623.5 (~89-90%)620 (320+ on GRE)
University of Manitoba1003.0 (~83-86%)550
University of Lethbridge1253.0 (~83-86%)550 (310 on GRE)
Smith School of Business1253.3 (~87-89%)640 with 85%
McGill University 1183.5 (~89-90%)650
Rotman School of Management1953.0 (~83-86%)570 with 4 in analytics writing assessment
HEC Montreal1303.7 (~90-92%)630 or more

English Language Proficiency Requirements for International Students

International applicants from non-native English-speaking countries may be required to submit IELTS or TOEFL scorecard as an admission requirement. Standardized English language test scores can be submitted, however, most universities have a minimum score requirement for admissions. The details of the minimum score requirement is tabulated below:

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Odette School of Business, University of Windsor7.0 100
Sauder School of Business, University of British Columbia7.0100
University of Manitoba6.5100
University of Lethbridge6.5 80 
Smith School of Business, Queen’s University 7.088 
McGill University 6.586 
UToronto7.0 100
HEC Montreal8.0114

Documents Required by International Students

For admission completion, all international students require a list of documents to be submitted. The document list includes:

  • Online application and application fee: The applicant has to initiate an online application process by submitting a non-refundable fee to the university authority. At the end of the process, the applicant needs to save those application documents for future references.
  • Transcripts: At the time of admission, the applicants need to submit the transcripts of the degree received in the last attended academic institutions.
  • Letter of reference: A minimum of two academic LOR.
  • English proficiency exam score: International students of non-English speaking countries have to submit English proficiency exam (IELTS, TOEFL etc.) scorecard.
  • Standardized exams to study in Canada: For a Masters in Management, the applicants must write GMAT/GRE exam. Applicants need the required qualifying score by the time they fill out their applications.
  • Criminal record check: The applicant needs to submit the documents without any criminal history. This should be attested by a higher authority.
  • Statement of Interest: The applicant has to submit the statement of intent to assert their need for the course and also how can they contribute to the course in an enriching manner.

Tuition Fees for Masters in Management in Canada

For an international student, tuition makes up for the majority of expenses when studying abroad. The tuition fees include books, library charge, and academic fees. Tabulated below are the total tuition fees for Masters in Management in Canada:

UniversityTotal Tuition Fees (in CAD)
Odette School of Business, University of Windsor36000
Sauder School of Business, University of British Columbia46798
University of Manitoba33,826
University of Lethbridge26,088
Smith School of Business, Queen’s University14898
McGill University32000
University of Toronto63430
HEC Montreal48856

Cost of Living in Canada

Besides tuition fees, the international students will also have to think about accommodation, transport, meal plans, and other miscellaneous expenditure. The monthly living cost in Canada for international students across different cities is given below:

ParticularsVancouver (in CAD)Winnipeg (in CAD)Lethbridge (in CAD)Kingston (in CAD)Montreal (in CAD)Toronto (in CAD)
Meal Plan500350350350350425
Health Insurance1001501006590150
Total2350 (approx. 2500)1770 (approx. 2000)1680 (approx. 1800)1385 (approx. 1600)1970 (approx. 2300)2245 (approx. 2400)

Canadian Visa for Students

More than two lakh International students apply for the universities in Canada. Because of better academic culture and analytical skills, many International degree seekers prefer Canada for higher education. Getting a student visa to Canada is a crucial part and the applicants need to have a list of documents for a visa interview. An overview of the documents required is given below:

  • Acceptance letter: Without the letter of acceptance, the applicant will not be able to apply for a student visa to Canada.
  • Valid Passport: As per the Canadian High Commission, the validity of the passport must cover the course duration for which the applicant has opted for. Masters in Management from Canada has a course duration for 16 months. If a student is traveling in September 2020, then the passport should be valid till September 2022.
  • Financial Proof: Canadian immigration requires proof of the financial ability of the applicant. The bank account should have the necessary funds required to sustain oneself for one year of stay in Canada along with travel cost for one side.
  • Photograph Specifics: Photographs should be taken in front of a plain background with no facial expression. The image should be recent.
  • Immigration Medical Examination: International students from India have to take a mandatory medical checkup from impaneled doctors of Canadian Immigration. The examination should be taken a week before the visa application/
  • English Language Proficiency: The applicants should submit the English proficiency test scorecard to show confirmation in Canadian universities.
  • Statement of Purpose: The applicant must submit an essay explaining the reason to choose Canada for educational destination and also for choosing the particular institution to study masters in Management in Canada.

To get their student visa to Canada international students will be required to appear for a Canadian Embassy student visa interview in respective home countries. Successfully completing the visa interview ensures a visa to Canada for higher studies. 

Scholarships for Masters in Management in Canada

World-class education no doubt costs higher. Canadian universities, therefore, offer various financial aid to their performing students. A list of scholarships in Canada for international students is given below:

UniversityScholarship NameAmount
Odette School of Business, University of WindsorUWindsor scholarships95% off in tuition fees
Sauder School of Business, University of British ColumbiaAsia Top Talent ScholarshipsCAD 10000-CAD 35000
University of ManitobaUniversity of Manitoba Graduate FellowshipsCAD 14000
University of LethbridgeDerrick and Lytta Pereira PrizeCAD 1500
Smith School of Business, Queen’s UniversityPrincipal’s International Scholarship IndiaCAD 19000
McGill UniversityDr. Peter Briant Award for EntrepreneurshipVaries
University of TorontoLester B. Pearson International Scholarship ProgramFull tuition and cost of living
HEC MontrealEntrance scholarshipsCAD 4000

Job Prospects after Masters in Management in Canada

Canada is a land of opportunities for many international students. Some of the high-paying jobs in Canada for international students are location-based. With a wide range of specializations available, multiple sectors of the industry can be chosen for pursuing a career.

Some of the top employers for management postgraduates are Amazon, HSBC, Accenture, Oliver Wyman, Deloitte, Numera Analytics, etc. Depending on the specialization opted, you can build a career as a business development manager, project manager, management consultant, etc.

Return on Investment for Masters in Management in Canada

Opting management courses for graduate degrees will bring high return on investment in job prospects.

UniversityAverage Salary Package (CAD)
Odette School of Business, University of Windsor74000
Sauder School of Business, University of British Columbia84422
University of Manitoba105036
University of Lethbridge123,000
Smith School of Business, Queen’s University126043
McGill University149,000
University of Toronto118165
HEC Montreal123240

Masters in Management in Canada is a course program for less than 2 years for international students. The course has high on return because of its wide job perspectives. Masters in Management was first introduced in Europe, after its success it became a global phenomenon. Since for every student time is a stringent factor, Canadian universities offer a great return on an investment after a shorter period of time.Tuition fees & Average salary

The image above depicts that most of the universities in Canada like McGill, Queen’s University, and the University of Manitoba give students a higher return on their investment. When compared with MBA, the graduates of Masters in Management are suitable for different managerial posts. The elective subjects are also designed for the coursework to develop their managerial skills. Another important reason for the international students to opt for this degree is its lesser fee structure than MBA. In the long run, Masters in Management graduates will be earning a salary equal to that of MBA graduates.

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