Masters in Business Analytics in Canada is a one-two year program available as MBAN (masters in business analytics) and an MBA with a specialization in business analytics. The average tuition fee for pursuing MS in Business Analytics in Canadian Colleges is around 20,000 to 50,000 USD.
Masters in business analytics courses intersect technology and business, providing analytical insights that help in achieving business goals. Business Analytics courses in Canada open a wide range of job opportunities for its graduates. A postgraduate in business analytics from Canada can earn around 70,000 to 100,00 USD/year.
Why Pursue Masters in Business Analytics in Canada
- Around 8 Canadian Universities offer Masters in Business Analytics of which three are in the world’s top 100, according to QS World Universities Ranking, 2019.
- According to the Bureau of Labor Statistics, the number of jobs related to business analytics will observe a steep rise of around 110,000 by 2026.
- According to GMAC survey 2018, 71% of employers plan on hiring business school graduates for analytical roles. 52% of these hired applicants are required to have MBAN or a similar degree.
Business Analytics Course Description
Masters in Business Analytics is a one-two year program available to graduates of Computer Science, data analytics, or students with a background in statistical mathematics. The core subjects offered include big data analytics, predictive modeling, supply chain analytics, data visualization, energy analytics, and programming for analytics. Customer analytics, operations analytics, people analytics, and accounting analytics are other specializations available within the MBA program.
Top Universities offering Masters in Business Analytics in Canada
Masters in business analytics are available in some top-ranking Canadian universities and business colleges. These best universities/colleges for business analytics in Canada are mentioned below along with the program specialization available:
| World Ranking | University/College | Program |
|---|---|---|
| #34 | UBC Sauder School of Business | Masters of Business Analytics |
| #401-500 | York Schulich School of Business | Masters of Business Analytics |
| #136 | University of Alberta | MBA Business Analytics |
| #201-250 | Western Ivey Business School | MS in Business Analytics |
| #137 | HEC University | MS in Data Science and Business Analytics |
| #42 | McGill University | MBA Business Analytics |
| #72 | McMaster DeGroote School of Business | MBA Business Analytics |
| #501-600 | Carleton University | MS Business Analytics (collaborative masters) |
Masters in Business Analytics in Canada Admission Process
International applicants who wish to study in Canada are required to fulfill some general criteria for admissions. However, the admissions process in master’s programs in Canada varies from institution to institution. The details of the admissions process are briefed in the sections below:
Where to Apply
Applicants must visit the program page on the official website of the institution they wish to apply for, for details on the admission portals/forms.
International applicants are suggested to apply for the fall term for most of the universities.
Masters in Business Analytics in Canada Eligibility
The general eligibility criteria for admission in business analytics courses in Canada is given below:
- Completed education of 16 years- 10+2+4.
- Completion of a four-year undergraduate program with exposure to linear algebra, statistics, and calculus.
- Hands-on experience in computer programming and data analytics.
- GPA of 3.0 on a scale of 4.0, suggesting the percentage score should be within 76-81% and letter grade as B or above.
Other university-specific requirements are as follows:
| University/College | Specific Eligibility Criteria |
|---|---|
| UBC Sauder School of Business | GRE/GMAT |
| York Schulich School of Business | GMAT (avg)- 680, Letter grade B+, work experience recommended |
| University of Alberta | GMAT- 550, 50% percentile in GRE, average work experience- 5 years, 60% in UG(Indian Applicants) |
| Western Ivey Business School | GMAT/GRE- recommended |
| HEC University | GMAT- 600, GRE, TAGE MAGE- 300 French language proficiency: TEF/TCF- B2 to C1 level |
| Carleton University | 2-year work experience, GMAT-550 or GRE equivalent, interview |
| McGill University | GMAT/GRE, interview |
| McMaster DeGroote School of Business | Work Experience, GMAT- 600, KIRA online video interview |
Masters in Business Analytics in Canada Application Requirements
Applicants for master’s programs are required to submit various documents along with their application. The details for the documents required for admission in Masters in Business Analytics in Canada are listed below:
- Transcripts: Certificates, mark sheets, and other documents from previous institutions must be submitted. Some universities ask applicants to submit original transcripts. However, some universities ask applicants to submit certified original copies of the transcripts.
- Proof of Language Proficiency: International applicants from non-native English speaking countries must submit proof of language proficiency. Applicants can submit the score of standardized language tests. The minimum score requirements for studying MS Business Analytics in Canada are as follows:
- IELTS: 7.0 (with a band score of 6.5 each). Carleton University accepts a minimum overall score of 6.5.
- TOEFL (iBT): 100. Carleton University accepts a minimum overall score of 87.
- Letter of Recommendation: Applicants for MS in Business Analytics are required to submit academic or professional letters of recommendation. Most of the universities require two-three LORs.
- Resume/CV: An updated professional resume is required along with the application.
- Supporting Documents: Statement of intent, personal essays are some of the additional documents that may be required for admissions.
Masters in Business Analytics in Canada without GMAT
GMAT is one of the mandatory requirements for pursuing a Masters in Business Analytics in Canada. However, some universities may waive off the GMAT requirement in special cases. Applicants with excellent academic skills may be considered for admission without GMAT in business analytics. International applicants must ensure that they contact the respective universities for details.
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Admission Decisions for Masters in Business Analytics
Admission to MS in Business Analytics from Canada is a moderately selective procedure. UBC received around 392 applications for the 2018 term. However, admissions are offered to only 112 applicants. This suggests that the acceptance rate for UBC was only 28%.
The applications for all the universities are reviewed holistically. GRE/GMAT scores, LORs, and interviews play a decisive role in admissions. The decisions are released in a time period of two-six months.
Cost for Studying Masters in Business Analytics in Canada
International applicants planning to study in Canada are required to have minimum funds for supporting their studies for the first year. The costs of studying for international students can be widely distributed into three categories. These are pre-arrival costs, cost of study, and cost of living. The cost of studying or the tuition fee Masters in Business Analytics in Canada varies among different universities.
Pre-arrival Costs
Given below is a table indicating the one-time major costs involved for an international student planning to study abroad.
| Type of Expense | Cost (USD) |
|---|---|
| Program Application Fees | 75-113* |
| Visa Application Fees | 235** |
| Health Insurance | 10,000 |
| IELTS Fees | 185-190 |
| TOEFL Fees | 160-250 |
| GRE Fees | 205-230 |
| GMAT Fees | 250 |
| Airfare | 450-1400 |
*Depends on the university
**150 USD for a Canadian Study Permit and 85 USD is Biometric fees.
Tuition Fees of MS in Business Analytics in Canada
Tuition fees for pursuing Masters in Business Analytics from top Canadian universities are listed below:
| University | Program Fee/year (USD) (approx) |
|---|---|
| UBC Sauder School of Business | 42,000 |
| York Schulich School of Business | 38,500 |
| University of Alberta | 43,000 |
| Western Ivey Business School | 51,600 |
| HEC University | 20,353-20,730 |
| Carleton University | 38,500 |
| McGill University | 33,600 |
| McMaster University | 30,250 |
NOTE: Applicants must ensure that they visit the official tuition fees pages for the program and university they opt for.
Other Expenses for Studying in Canada
International students in Canada spend a large sum of amount while studying on expenses other than the tuition. The expenses include the cost of living, books & material, transportation, etc. The table given below suggests an average of minimum expenses required for studying in that specific university:
| University | Minimum Cost of Living (USD/year) |
|---|---|
| University of British Columbia | 12,700 |
| University of Alberta | 15,000 |
| Carleton University | 6,050-10,100 |
| York University | 7,600 |
| Western Ivey Business School | 15,000 |
| HEC Montreal | 5,000 |
| McGill University | 7,000 |
| McMaster University | 8,000 |
The cost of books and material ranges around 756-1510 USD depending on the university. Food and beverages cost an international student around 3000-4000 USD in and around all the above-mentioned universities.
Masters in Business Analytics in Canada with Scholarships
International applicants enrolled in MBAN and MBA with Business Analytics specializations are offered various scholarships. The amount of scholarship awards varies from
| Scholarship | Amount Offered (USD) (Approx) | University |
|---|---|---|
| Asia Top Talent Scholarship International Talent Scholarship | 3780-7565 7565-11350 | University of British Columbia |
| No specific scholarships available. | NA | University of Alberta* |
| Merit Scholarships | 756-9080 | Carleton University |
| Merit-based Entrance Award and International Student Award | Variable | York Schulich School of Business |
| Merit-based Awards | 15,129 | Western Ivey Business School |
| Entrance Scholarship | Varies | HEC Montreal |
| Various Entrance Scholarships are available Scotiabank Fellowship | 3700-7500 3782 | McGill University |
| Provost Entrance Scholarship The Woo Family International Entrance Scholarship | 5673 2300 | McMaster University |
*International graduate applicants can apply for funds from home country. MPOWER Financing can also be consulted for loans of up to 50,000USD for funding education.
Job Prospects for Postgraduates in Business Analytics in Canada
International applicants can work in Canada on a Canadian Work Permit. Some of the careers one can land in with MS in Business Analytics in Canada are listed below along with the median salaries offered. Some of the popular companies that hire students with a Masters in Business Analytics degree are Deloitte, CIBC, Air Canada, KPMG, etc.
| Job Prospect | Median Salary (USD/year) | Job Prospect | Median Salary (USD/year) |
|---|---|---|---|
| Business Analyst | 78,574 | Management Analyst | 72,117 |
| Business Intelligence Analyst | 77,638 | Market Research Analyst | 53,625 |
| Data Scientist | 107,500 | Business Data Analyst | 70,000 |
| Data Analyst | 60,416 | Financial Analyst | 70,057 |
| Revenue Management | 95,000 | Innovation Manager | 95,357 |
| System Analyst | 73,956 | Business Intelligence Managers | 94,446 |
Masters in Business Analytics in Canada is a program gaining huge traction because of the increasing popularity of big data-related jobs. A rise in the number of applications received and applicants offered admissions is observed for popular universities like UBC.
With a postgraduate degree in business analytics students can land jobs in fields like financial services, retail, media, travel, healthcare, etc. With cushy median salaries of 50,000-70,000 USD at an entry level, MS in business analytics becomes a program of interest for students with a statistical mathematics background.
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