An MBA is the most popular graduate management degree. MBA stands for Master’s In Business Administration. An MBA attracts almost any ambitious individual to apply ranging from freshly graduated degree holders to established professionals looking for a career boost.
An MBA provides you with a fundamental management knowledge which provides you with a holistic view of business covering areas like marketing, finance, accounting and entrepreneurship while simultaneously developing soft skills such as leadership and communication. But is a MBA really worth it?
Benefits of Pursuing A MBA
Studying for an MBA takes a lot of time, money and effort but once completing it can be extremely life-changing for you personally and professionally. So, what can you do with an MBA?
- Career advancement
An MBA is a fantastic way to accelerate your career and make you stand out as a candidate or employee in your organisation. An MBA degree is the standard educational requirement for many managerial positions in organisations. With an MBA, you will be more likely to be offered positions with longer working hours, great responsibilities, greater autonomy and higher salaries.
- Transferable skills and knowledge
Next, studying an MBA will provide you with the pathway needed to boost your skills and knowledge in the business world with the option to specialise in your desired area. During your course, you will gain benefits that can last your entire career. Some of the skills include leadership proficiency, management strategy, people management, teamwork, and communication skills. You will also have the oppurtunity to learn about various aspects of the business, not just the areas in which you work in. This will give you the leap you need to pursue any career once you’ve completed the course.
- Networking opportunities
Last but not least, during your time studying an MBA, you will meet and build relationships with like minded and driven individuals. You will be surrounded by friends, tutors and lectures of similar knowledge and experiences with you that make excellent networking contacts to build relationships with. Being part of a diverse and experienced top quality connections could prove to be invaluable once you’ve graduated.
What Are Your Job Prospects With A MBA?
Some of the industries & job prospects that you can consider upon completing your MBA program in Canada include:
Industries
- Banking
- Finance
- Consultant
- Education
- Government
- Health Care
- Non-Profit Organizations
- Technology
- Manufacturing
- Energy & Resources
Job Prospects
- CEO
- Entrepreneur
- Managing director
- Project manager
- Chief managing officer
Benefits of Studying MBA In Canada
#1 Visa flexibility & career opportunities
One of the main reasons Canada is a top pick among international students is due to it’s visa flexibility. The country provides international students with a work permit upon graduation of their course which provides them with the upper hand needed to secure a job. This work permit allows them to stay in Canada for up to three years. Due to this, you have the opportunity to build a career for yourself in your desired company in Canada to showcase the skills you’ve learnt in your MBA.
#2 Work-life balance
Did you know that over 69% of workers in Canada rated their work-life balance as excellent? Many say that there is no micromanagement, people are very friendly and you have tremendous room to grow. Upon completion of your MBA course and job acceptance, you can explore the country and grow yourself personally and professionally to see where life takes you.
#3 Worth the investment
When you enroll into a MBA course – it is definitely viewed as an investment as they are incredibly pricey. However, Canada does offer the most affordable rates in comparison to top universities in other countries such as the USA, Australia or even The United Kingdom which guarantees a bigger investment return from your course.
General Entry Requirements for MBA Programs in Canada
For entry into most MBA programs, individuals are required to acquire:
- A minimum GPA of 3.0 in the final year of a bachelor’s degree from a recognized university
- Acceptable scores on all Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE)
- A minimum of two years of full-time work experience
- Two professional recommendations
- An introductory essay of 1000 words along with a required video interview
- TOEFL (IBT) score of min. 100 OR IELTS score of min. 7.0
- Pass the admission interview
*NOTE : Different universities have different entry requirements. Contact us for more information.
Top 5 MBA Programs in Canada, Based on World QS Ranking 2022
#1 University of Toronto (Rotman’s School of Management)
An MBA from the University of Toronto is awarded by Rotman School of Management which gives you knowledge, agility and confidence to acquire business fundamentals to alleviate your career.
Program Offered | Master’s of Business Administration Major Electives offered include:
|
Intake | September |
Duration | 2 years (Full-time) |
Indicative Fees | Contact Excel Education |
#2 Queen’s University (Smith School of Business)
Program Offered | Master’s of Business Administration Major Electives offered include:
|
Intake | January |
Duration | 1 year (Full-time) |
Indicative Fees | Contact Excel Education |
#3 University of Western Ontario (Ivey Business School)
Program Offered | Master’s of Business Administration
Major Electives offered include:
|
Intake | March |
Duration | 1 year (Full-time) |
Indicative Fees | Contact Excel Education |
*Note: Ivey Business School also offers accelerated MBA programs for individuals who wishes to complete the program alongside their full-time job!
#4 McGill University
McGill University offers MBA students an option of either a 48-credit (MBA General) which lasts a year or a 54-credit (MBA Internship) program which lasts for 2 years.
Program Offered | Masters of Business Administration
Major Electives offered include:
|
Intake | September |
Duration | 1 year or 2 years (Full-time) |
Indicative Fees | Contact Excel Education |
#5 York University (Schulich School of Business)
Program Offered | Masters of Business Administration
Major Electives offered include:
|
Intake | September |
Duration | 16-20 months (Full-time) |
Indicative Fees | Contact Excel Education |
*Note: York University also offers accelerated full-time and part-time MBA programs.
Recommended Articles to Read
Contact us to find out more!
Student enquiries:
Call/ WhatsApp: +60182414802
Email: info.my@exceleducation.com.au
About the Author
Raveena Rakni Suresh Raj
Leo baby & psych major
