SAT Preparations MBA in Canada: Learn What You Need to Crack A Top-Tier B-School in Canada, Cost Requirements, Scholarships, and more!
MBA in Canada: Learn What You Need to Crack A Top-Tier B-School in Canada, Cost Requirements, Scholarships, and more!
4 Jun, 2021
If you are looking at the list of top B-schools in the world then it will be filled with entries from USA, UK, and other European countries. But, in recent times, one of the countries that have become a major destination for international MBA is Canada!
So, how is an MBA in Canada different from that of a top-tier school in USA or Europe? And how do you crack the top Canadian B-schools?
Let’s start by looking at some of the stats!
If you are thinking of MBA in Canada to be an easy affair, it is not always so! But at the same time the pay-off is great. Many of these programs are 1 year in length, and provide career opportunities after completion. Canadian MBA program also have a less strict application requirement than an American or European B-school.
There are other aspects at play here as well. The general quality of life in Canada for an international student is quite great. The cost of living is lower than USA and many European countries. And almost as soon as you finish your MBA course you will be provided with a PGWPP (Post-graduation Work Permit Program) which will allow you to seek employment opportunities.
So, for those seeking MBA as a means of claiming an international career opportunity, Canada might be one of the best places to study MBA! As per recent reports, in the last 5 years more than 75% of Canadian MBA programs have received an increment in international applications.
Requirements for MBA in Canada
GMAT and GPA
Like any other international MBA course, you will be required to take the GMAT in order to qualify. Here are the average GMAT scores of some of the top Canadian B-schools from previous years –
Average GMAT score required
University of Toronto
University of Alberta
500 or higher
550 or better
University of Calgary
550 or better
University of Lethbridge
University of Windsor
550 on the GMAT is required
University of Ottawa
A minimum of 50 percentile on GMAT, and a score of 4.5 in the essay section
Wilfrid Laurier University
A minimum score of at least 550 on the GMAT is required
York University’s Schulich Business School
Now compare this list to the average GMAT requirements of the top B-schools in USA –
Average GMAT Score 2018
Average GMAT Score 2017
University of Chicago – Booth School of Business
Kellogg School of Management
Harvard Business School
University of Pennsylvania – Wharton School
Stanford University – Graduate School of Business
UCLA – UCLA Anderson School of Management
University of Virginia – Darden School of Business
Columbia Business School
What you notice immediately is that the GMAT requirement for the MBA courses in Canada is much lesser! So, if you are someone who is unable to get a 700+ on their GMAT despite best efforts, MBA in Canada maybe one of the best opportunities you have to land a respectable career option!
The same can be said for the GPA requirements as well. It is really tough to crack Harvard or LBS with a GMAT score of 550 and a GPA of 3. But, if you keep you target on the University of Toronto or HEC Montreal, your chances are definitely high with the same scores!
Full time work experience is a must have if you are applying to the top B-schools in Canada. Some schools will ask you to have at least 3 years of experience, but candidates with lesser work experience have also been able to crack many of these programs.
The admissions committee of a B-school will analyze the qualitative aspect of your work experience as well. Whether you have worked in a Fortune 500 firm, or achieved major professional milestones, etc. will play an important role. So, make sure that you are presenting your work experience in a manner that will be appreciated by the admissions committee.
If you are applying for an international MBA with low work experience, here are some great tips for you –
MBA in Canada is not costly affair, especially if compared to the top B-schools of USA and Europe. And since the pay-off is much higher as well, many students are considering these programs as their primary targets!
Furthermore, most of these schools have great scholarships programs set up for international students. Most of these B-schools are known for partially financing the tuition cost of at least 50% of the class every year, and many students also secure a 100% scholarship!
There are also a number of independent scholarships that you can apply for if you are looking for MBA opportunities in Canada. The Ontario Graduate Scholarship or the Canadian Commonwealth Scholarships are some of the popular ones that students apply for each year.
If you are wondering how to secure a scholarship for a top-tier MBA program, here are some pro-tips to get you started –