Studying abroad in Canada for a Master's degree in Business Administration

Published on March 12, 2024 (updated March 13, 2024)

Studying abroad in Canada for a Master's degree in Business Administration

Studying for an MBA in Canada offers a cost-effective option with high-quality education, making it a fast-track pathway for international students seeking both affordability and excellence. 

The journey of pursuing a Master's in Business Administration is not merely an academic endeavor; it is a stepping stone towards new opportunities, especially when opting to study in Canada. With its rich cultural diversity and a world-renowned education system, Canada stands out as an appealing destination for those looking to broaden their knowledge and gain practical insights into global business management.

Why Study Business Administration Master's in Canada

Affordability is a key factor when considering pursuing a Master's degree

Canada offers a compelling option with numerous high-value scholarships. The tuition fees for a Master's program in Canada typically range from 17,000 to 51,000 CAD per year, equivalent to approximately 313 - 934 million VND depending on the field of study. Compared to the United States or the United Kingdom, these figures are significantly lower, making education in Canada more accessible. Additionally, Canada provides various forms of financial support and substantial scholarship programs with reasonable eligibility criteria, helping to alleviate the financial burden and creating favorable conditions for international students.

Studying in Canada for a Master's degree in Business Administration

High-Quality Master of Business Administration (MBA) Program

Canada is renowned for its high-quality Master of Business Administration (MBA) programs, meticulously designed to ensure that students are equipped with the necessary knowledge and skills. Simultaneously, these MBA programs are consistently updated to align with current market demands, providing significant advantages that open doors to high-paying job opportunities and career advancement in business management.

Opportunities for Settlement and Employment Post-Graduation

In addition to the top-notch educational programs, Canada is well-known for offering numerous settlement and employment opportunities for international students upon completion of their master's program. Upon graduating with a Master's degree in Canada, you are eligible to work here with a Post-Graduation Work Permit (PGWP) for up to 3 years. After establishing employment and gaining one year of work experience, you can apply for Permanent Residency (PR), providing a chance to become a permanent resident in Canada. This creates favorable conditions for those aspiring to develop their careers and establish a stable life in the country.

Safe Environment with High Quality of Life

Canada is known as one of the safest countries with a top-ranking quality of life globally. The nation boasts a robust legal system, low crime rates, and a peaceful social environment. International students in Canada can focus on their studies and personal development with confidence in safety.

Moreover, Canada has an excellent healthcare system, efficient public transportation, and numerous high-quality service facilities. Beyond that, with its multicultural environment and open communities, you'll experience cultural diversity, and exploration, and gather fascinating experiences while studying in Canada. This contributes to the development of communication skills, respect, and empathy—essential qualities in an increasingly modernized and globalized world.

Master's Program Admission Requirements in Canada

To participate in a Master's program in Canada, you need to ensure financial eligibility and meet the specific requirements of the institution. Here are some fundamental conditions:

- Bachelor's degree in the desired field of study for the Master's program, recognized by the Canadian education system.

- Bank statements.

- CV - Resume.

- Statement of Purpose (SOP) - A declaration of the purpose of studying abroad.

- GPA ≥ 7.0 (Grade Point Average) or equivalent.

- IELTS score from 6.5 to 7.0 or TOEFL score of 90+.

- Minimum GMAT (Graduate Management Admission Test) score of 550.

- SOP (Statement of Purpose) - Usually 1 to 2 essays as per each university's requirements.

- Relevant work experience from 1 to 3 years (if applicable).

- Letters of recommendation - Depending on the university's requirements.

No Proof of Financial Means Needed for Studying in Canada

Top 3 MBA Programs in Canada

1. University of Toronto - Rotman School of Management

   - The Rotman School of Management at the University of Toronto is a prestigious and long-standing institution renowned for its business programs in Finance, Accounting, and Management. The MBA program here focuses on developing integrated reasoning skills, emphasizing careful analysis of the intricate relationships within economic sectors.

2. Brock University - Goodman School of Business

   - The Master of Business Administration (MBA) program at Brock University, Canada, is a 16-20 month business education journey that emphasizes the integration of theory and practical application. With a focus on leadership and strategic management skills development, the program provides an active learning environment using interactive and hands-on teaching methods. Admission requirements include a bachelor's degree or equivalent, with the possibility of work experience requirements. Students are challenged and developed through real-world projects, building professional networks in a diverse learning environment.

3. University of British Columbia - Sauder School of Business

   - The Sauder School of Business at the University of British Columbia offers an MBA program consistently ranking among the top 100 globally. The program is designed to cater to the individual learning needs of each student, making it diverse and flexible. Additionally, the school is renowned for its strong alumni network, enhancing specialization and improving job search opportunities.

Estimated Costs for Studying MBA in Canada

Below are the estimated costs compiled and updated by the LOA Portal for reference when planning to participate in MBA programs in Canada:

STTUniversitiesAverage Tuition (CAD)
1University of Toronto$55,479
2MBA at McGill University$43,516
3Queen’s University$88,664
4York University$48,563
5University of Alberta$20,254
6University of British Columbia$58,282

Career Opportunities for MBA Graduates

With a globally recognized and valuable MBA degree, completing an MBA program in Canada opens up various career opportunities. Upon graduation, you have the option to stay and work in Canada or pursue employment in cities worldwide. Here are some popular job positions and associated salaries in Canada:

PositionSalary Range (CAD)
Marketing Analyst $51,000
Marketing Manager 84,900 - 141,400 
Sales and Marketing Manager359,160 
Marketing Coordinator70.000 
Senior HR Director105.560
HR Director71,208
HR Coordinator47,227
HR Manager100,000
Business Development Officer75,000
Business Management Consultant69,000
Administrative Manager376,680


If you're nurturing the dream of studying in Canada, feel free to contact the LOA Portal for detailed and accurate consultation. Looking forward to meeting you for your upcoming journey. Stay updated with the latest 2024 study policies for Canada.

Canada Study Abroaqd 2024: Requirements, Costs & Scholarships


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