Canada has emerged as one of the most sought-after destinations for international students. Renowned for its high-quality education system, diverse culture, and stunning landscapes, Canada offers a plethora of opportunities for those aspiring to study business and international business management. In this article, we will delve into various aspects of studying business in Canada, including costs, recommended colleges, and visa requirements.
Why Study at Business School in Canada?
Every year, more international students come to Canada to pursue a business degree that covers a broad array of specializations and permits students to focus on a particular area later on. The benefits of studying business studies in Canada are:
1. Top- Ranking Universities
Canada is well-known for its high quality of education. Many of its universities are among the top 100 universities in the world offering business administration programs; the most known universities are:
- University of Toronto
- University of British Columbia
- Queen’s University
- McGill University
2. Booming Business Economy
Canada is one of the world’s booming economies and is measured as an energy superpower country due to its immense natural resources and a small population of 37 million. The Canadian government encourages international students by issuing a post-graduation work permit and favors the business industry.
3. High Return on Investment
Studying in top Canadian business schools offers additional benefits to international students as they can experience a huge change. After pursuing a business management degree, students are capable enough to make their own decisions, adapt to change quickly, fit into the diverse environment and think differently. Combining specific business skills with an international viewpoint from the best business universities in Canada will make students valuable employers to organizations worldwide.
4. Affordability
It is the most critical aspect for international students while planning higher studies in Canada. Canadian schools rank very high and have high employability, but if we compare the fees with other countries like the US, the fees for Canadian business schools are relatively less. The average tuition fee for business courses will range between 25000 to 50000 CAD.
5. Diversity & Networking
Networking is a crucial profit of studying in a business school. There are various universities in Canada, like the University of Toronto has more than 1500 Indian students, and York University hosts students from more than 60 countries every year. Through networking, international students can meet people with similar mindsets and ideas.
Business Universities in Canada
Business studies degrees are typically understood to incorporate a relatively extensive group of programs; international students can classify business degrees by level (i.e., undergraduate, graduate, professional) and subject focus. Some of the top business schools in Canada are:
| Name of Business School | Popular Courses | Average Fees |
Smith School of Business (Queen’s University) | Master of International Business, Graduate Diploma in Business, Master of Finance | Master of International Business: Single Degree: 54,950 CAD16-month double degree: 72,673 CAD24-month double degree: 84,625 CADGraduate Diploma in Business: 52,500 CADMaster of Finance: 71,595 CAD |
| Ivey Business School (University of Western) | MSc in Business Analytics, MSc in International Business | MSc in Business Analytics: 52,594 CAD/yearMSc in International Business: 34,975 CAD/year |
| Rotman School of Management (University of Toronto) | MSc in Computer Science, MMA in Management Analytics, Master in Information, HBA in Management | MSc in Computer Science: 28,735 CAD/yearMMA in Management Analytics: 73,000 CAD/yearMaster in Information: 19,295 CAD/yearHBA in Management: 58,160 CAD/year |
| Desautels Faculty of Management (McGill University) | MM in Management in Analytics, MS in Analytics, Masters in Business Administration, MBA in MBA | MM in Management in Analytics: 52,334 CAD/yearMS in Analytics: 54,990 CAD/yearMaster’s in Business Administration: 99,500 CAD/yearMBA in MBA: 49,750 CAD/year |
| Sauder School of Business (University of British Columbia) | MM in Management, MSCB in Finance, MSCB in MBA | MM in Management: 48,668 CAD/yearMSCB in Finance: 8,952 CAD/yearMSCB in MBA: 9,131 CAD/year |
| The Alberta School of Business (University of Alberta) | MBA in Business Administration, MBA in Executive MBA | MBA in Executive MBA: 44,132 CAD/yearMBA in Business Administration: 30,000 CAD/year |
Business Management Courses in Canada
Business Colleges in Canada
The business colleges in Canada for international students give the chance to opt for business study of all levels, from undergraduates to graduates to certification courses and research opportunities in Canada. Some of the best business colleges in Canada are:
| College Names | Popular Programs | Total Course Fee |
| Fanshawe College | Graduate certificate in International Business Management, Diploma in Business Marketing, Honours Bachelor of Commerce | Graduate certificate in International Business Management: 14,467 CADDiploma in Business Marketing: 28,934 CADHonours Bachelor of Commerce: 62,548 CAD |
| Niagara College | Graduate Certificate in International Business Management, Diploma in Business Sales & Marketing, Bachelor of Business Administration | Graduate Certificate in International Business Management:15,300 CADDiploma in Business Sales & Marketing: 28,100 CADBachelor of Business Administration: 67,600 CAD |
| Centennial College of Applied Arts and Technology | Graduate Certificate in Financial Planning, Diploma in Business Accounting, Bachelor in Business Marketing | Graduate Certificate in Financial Planning: 15,386 CADDiploma in Business Accounting: 30,547 CADBachelor in Business Marketing: 30,547 CAD |
| Douglas College | Post Degree Diploma in Project Management, Diploma in General Business, Diploma in Marketing | Post Degree Diploma in Project Management: 18,000 CADDiploma in General Business: 36,000 CADDiploma in Marketing: 36,000 CAD |
| Durham College | Advanced Diploma in Marketing Business Administration, Graduate Certificate in Sports Business Management | Advanced Diploma in Marketing Business Administration: 39,966 CADGraduate Certificate in Sports Business Management: 13,872 CAD |
| Algonquin College | Diploma in Business Management and Entrepreneurship, Diploma in Business Accounting | Diploma in Business Management and Entrepreneurship: 31,745 CADDiploma in Business Accounting: 31,729 CAD |
Requirements & Eligibility Criteria to get Admission in B Schools in Canada
Business school is a stimulating but rewarding endeavour for international students seeking to advance their careers and education. To get admission to top Canadian business schools, students need to be eligible for bachelor’s and master’s degrees. The requirements to study in Canada are:
- Bachelors & Masters Degree
- English Language Proficiency Test Scores
- GRE/GMAT Scores
- Work Experience
- Canada Student Visa
So, these are some of the business colleges in Canada for international students requirements that need to be fulfilled to get admission efficiently. Let’s know it in detail:
- Bachelors & Masters Degree
International students pursuing bachelor’s degrees from top Canadian business schools should submit a high school diploma or correspondent diploma from any recognized board. And if you’re pursuing a master’s degree, you should have a bachelor’s degree of 4 years or an equivalent degree for an MBA course.
- English Language Proficiency Test Scores
To take admission to business schools in Canada, international students will be required to submit English language proficiency test scores, i.e. IELTS/TOEFL/PTE scores. The minimum required scores are:
- GRE/GMAT Scores
International students need to submit GRE/GMAT scores to pursue masters degree in Canada Universities. The average required scores for GMAT/GRE are:
- Work Experience
Many Canadian universities are asking for at least 2 to 3 years of work experience. However, more and more requirements are making it optional for international students and focusing on other academic requirements.
- Canada Student Visa
After receiving the admission letter from the preferred university, international students need to apply for a Canada student visa 3 months before joining the date.
Documents Required by Business Colleges in Canada
There are various documents required by the best business schools Canada for bachelors & masters programs. The following documents are:
- Academic Transcripts
- SOP
- LOR
- Valid Passport
- Canada Student Visa
- Proof of Funds
- English Language Proficiency Scores
- GMAT/GRE Scores
Career Opportunities After Studying at Business Schools in Canada
Business graduates work in numerous different sectors; jobs with a business degree include opportunities in accounting and finance, which take in many business degree graduates. Below are the best universities in Canada and the average annual salary.
| Job Options | Average Annual Salary |
| Financial Trader | 75,277 CAD |
| External Auditor | 61,894 CAD |
| Business Development Manager | 74,476 CAD |
| Marketing Executive | 60,000 CAD |
| Data Scientist | 86,271 CAD |
Job Opportunities After Studying in Canada
How much does it cost to study business in Canada?
The cost of studying business in Canada can vary significantly depending on the institution, location, and level of education. On average, undergraduate programs can range from CAD 15,000 to CAD 40,000 per year, while postgraduate programs can cost between CAD 20,000 and CAD 50,000 per year. However, these figures are approximate, and tuition fees can be higher in prestigious universities.
It’s essential to remember that living expenses, including accommodation, food, transportation, and healthcare, also need to be factored in when calculating the total cost of studying in Canada.
How much does it cost to study international business management in Canada?
International business management programs in Canada often fall within the same price range as other business-related programs. As mentioned earlier, the costs can vary depending on the institution and program level. On average, tuition fees for international business management programs typically range from CAD 20,000 to CAD 50,000 per year.
Which college is best for international business in Canada?
Canada boasts several top-notch colleges for international business management. Some notable institutions to consider include:
- Rotman School of Management, University of Toronto: Renowned for its prestigious MBA program and emphasis on international business.
- Schulich School of Business, York University: Offers a diverse range of international business programs and is known for its strong faculty.
- Sauder School of Business, University of British Columbia: Known for its cutting-edge curriculum in international business and trade.
- John Molson School of Business, Concordia University: Offers a strong international business management program and is situated in Montreal, a vibrant and bilingual city.
- Smith School of Business, Queen’s University: Known for its global focus and strong alumni network.
It’s essential to research these institutions thoroughly to find the one that aligns with your specific goals and interests.
What is the number 1 business school in Canada?
The title of the number one business school in Canada can vary depending on the criteria used for evaluation. However, institutions like the Rotman School of Management at the University of Toronto and the Ivey Business School at Western University are often ranked among the top business schools in the country. These institutions consistently provide excellent business education and networking opportunities.
How much bank balance is required for a Canada student visa?
The exact amount required for a Canada student visa (study permit) can vary depending on your specific circumstances, such as the duration of your program and the location of your studies. However, as a general guideline, you should demonstrate sufficient funds to cover tuition fees and living expenses. For most students, this can range from CAD 10,000 to CAD 15,000 per year. It’s advisable to consult the official website of the Government of Canada for the most up-to-date information on financial requirements for student visas.
How much does it cost to study in Canada from Nigeria?
The cost of studying in Canada from Nigeria is similar to the costs for international students from other countries. As previously mentioned, tuition fees in Canada can range from CAD 15,000 to CAD 50,000 per year, depending on the program and institution. Additionally, students should budget for living expenses, which can vary by location and lifestyle.
Which course is cheapest in Canada?
Generally, programs in arts and humanities tend to have lower tuition fees compared to other disciplines, such as engineering or medicine. However, the cost of a program can vary from one institution to another. It’s important to research the specific programs and institutions to find the one that offers the best value for your academic and career goals.
How much is a Canada business visa?
For those looking to enter Canada for business purposes, the cost and requirements can vary depending on the type of visa or permit you need. The most common business visa for temporary visits is the Business Visitor Visa (B-1 visa). The fee for a Business Visitor Visa is approximately CAD 200. However, it’s crucial to consult the official website of the Government of Canada or the nearest Canadian embassy or consulate for the most accurate and up-to-date information on business visa fees and requirements.
In conclusion, studying business in Canada offers an excellent opportunity for international students, but it’s essential to plan carefully, considering tuition fees, living expenses, and visa requirements. Choosing the right college and program is also crucial to ensure a successful academic and professional journey in this beautiful and diverse country.
