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Masters in International Business in Canada is available as a graduate degree program in various globally ranking Canadian universities. The program is available as a specialization in MBA from Canada, as a MSc degree or as a mainstream MIB degree. The two-year program offers you in-depth knowledge and understanding of the global market.
International students are offered admissions usually once a year. The total program fees of top universities in Canada for masters in international business ranges from 27,000 to 68,000 CAD. Indian students can expect a total expense of 16-45 Lakh INR. Interviews and GMATscores are an important aspect of admission decisions in most of the universities offering the program.
Masters in International Business in Canada: Top Universities
International students planning to study in Canadacan opt from the following top-ranking universities. Tabulated below are the details of the university, national rankings (QS), and the complete program fees.
| University | QS Ranking 2022 | Program | Total Fees |
|---|---|---|---|
| University of Alberta | #126 | MBA International Business | 57,909 |
| Western University (UWO) | #170 | MSc International Business | 68,250 |
| Queen’s University | #240 | MSc International Business Master of International Business | 51,850 |
| University of Victoria | #334 | Masters in Global Business | 39,913 |
| York University | #494 | MBA International Business | 52,040 |
| Carleton University | #601-650 | MBA International Business | 55,000 |
| University of New Brunswick (UNB) | – | MBA International Business | 36,228 |
| HEC Montreal | – | MSc International Business | 27,500 |
| Trinity Western University (TWU) | – | MBA International Business | 36,225 |
Most of the international students go for MBA in international business in Canada as it is more prestigious and offers higher pay than MS and MIB.
Why Study International Business in Canada?
- The degree opens doors to various sectors in management and other fields.
- Given below is the graph representing the percentage of graduates employed in various sectors.
Figure: Percentage of Alumni (28,000) of UWO employed in various industries worldwide.
- Individuals entering the marketing industry in Canada can expect an increment of around 11% in every 13 months.
- Graduates entering the business planning industry can expect increments of up to 12% each year.
- Jobs are offered from across the world. As per the Smith School Employment report, graduates of masters in international business in Canada acquired from around 7 locations around the world.
- Image given below explains the employment of graduates by location:
Masters in International Business at UAlberta
Available at Alberta Business School as a degree program of MBA from Canada, master’s in international business is a two-year program. Admission to UAlberta’s MBA international business program is explained below:
Application Portal & Fees: Online application via the Faculty of Graduate Studies website, 100 CAD.
UAlberta Eligibility
- GPA: 3.0 on a scale of 4.0. This is equivalent to B grade or 83-86%
- GMAT score: 550 is the minimum score required
- Work Experience: 2 or more years
- English language proficiency: Non-native English-speaking applicants must submit ELP test scores.
- IELTS: 7.0, 5.5 on each band
- TOEFL: 100 (iBT), 600 (PBT)
- PTE: 68
Documents Required
- Statement of Intent letter
- Two LOR
- Transcripts
Admission interviews: Online video interview and skype interview are recommended for admission to Alberta School of Business. The Kira video interview includes randomized behavioral questions. As soon as the question is given, 45 seconds are given to prepare the response and a minute is given to record the response.
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- Tips for cracking Kira Interview:
- Test equipment
- Practice
- SAR: Situation, Action & Result, include examples in your answers
- Second Interview: A face-to-face interview with a member of the admissions committee. Questions may be based on your application.
Decisions
MBA at UAlberta has around 49% of international students. The admissions policy is highly competitive, the average GPA, GMAT scores and work experience of previous year fresh enrollments are higher than the minimum requirements.
You must ensure that your scores meet the profile of the previous year’s applicants. Fulfilling minimum requirements will not secure your admissions at the University of Alberta
Masters in International Business at Western University (UWO)
At Western University, you can pursue MSc International Business or CEMS Masters in International Management (MIM). As an international applicant you must be familiar with the following details:
Application Portal & Fees: UWO Online Application, 100 CAD
UWO Eligibility
- UG degree with a strong academic record: Minimum requirement 78% in UG
- GRE/GMAT Score: Recommended. Minimum GMAT score required is 600.
- English language proficiency:
- IELTS: 7.0
- TOEFL: 100
Documents Required:
- Resume
- Two-three professional LOR
- Official transcripts
Admission Interview: Applicants can be called for an online interview within two to three weeks of receiving applications. Applicants are required to complete the online video essay, post which the invitation for interviews may be received.
Decisions: International students are suggested to ensure that the minimum requirements are met and standardized test scores are submitted.
The university may send an applicant a conditional offer if the applicant commits to fulfil the remaining requirement by the start of the program in September. These offers are rarely made and are highly dependent on the profile of the applicant.
Master of International Business at Queen’s University
The Smith School of Business of Queen’s University offers Masters of International Business (MIB). For studying at Queen’s University, international students should be familiar with the following requirements & processes:
Application Portal & Fees: Online Application Form & 110 CAD.
Queen’s University Eligibility
- GPA: B+ or 75% in the UG degree. 3.3 on a scale of 4.0
- GMAT/GRE: Minimum GMAT requirement – 600
- ELP Test Score
- IELTS: 100
- TOEFL: 7.0
- PTE: 70
Document Required
- Official transcripts
- Two LOR
- Cover letter outlining skills that an international applicant will bring to the program.
- Resume
- Video essay component
Interview
In-person/skype interviews are conducted where the associate director evaluates you. The questions are based on the application package and other randomized behavioral questions. Your applications will be then sent for a final evaluation where the applicant’s work experience, overall academic capability, and ability contribute are reviewed.
Decisions
Decisions are given out on a rolling basis. International applicants are suggested to apply as soon as possible to ensure that the immigration documents are obtained on time. As each component of the application package is of equal weightage it is highly suggested to ensure that each document is submitted on time and with complete.
Applicants who may fall a little short of the stated admission requirements for one component but outstand on the remaining components of the application, consideration for admissions will be given by the university.
Masters in International Business at University of Victoria
University of Victoria offers an international business degree as Masters in Global Business. To apply with the university for its Global Business Program, an international student must keep the following information in mind:
Application Portal & Fees: University application portal,
UVic Eligibility
- UG Grade as B/ a first-class or 60% must be scored. On a scale of 10 Indian applicants must have at least 7.
- UG degree must be in commerce, business administration, or management.
- Your UG studies must have these subjects: finance, international business, accounting, marketing & organizational behaviour, & human resource management.
- GMAT score is not required
- Work Experience is recommended.
- Proof of English language proficiency must be submitted.
- IELTS: 6.5
- TOEFL: 90 (iBT), 575 (pBT)
- MELAB: 90
Documents Required:
- Resume
- Personal submissions: A written document with at least 700-1000 words. Applicants are required to explain their chosen path of the program (currently only path 1 is available at UVic).
- Include why the program is a good fit for the applicant
- Use images, videos, ppts or other documents that can be included to show your interest in the program.
- Two LOR, preferably academic.
- Resume
Decisions
The admissions committee will review the complete application and the offers are usually made by April (September intake) and August (January intake). It can take up to a few weeks for an offer to be made by the committee post submission of the complete application package.
Masters in International Business: Eligibility & Admissions
When planning to study abroad as an international student you will be required to fulfil certain specific criteria. Mentioned below is the eligibility criteria for studying Masters in International Business in Canada
- GPA requirements: University-specific GPA requirements must be met.
- Most Canadian universities offering International Business require students to have a Grade of B in the UG degree.
- Work Experience: Most universities have a minimum work experience requirement. This is usually 2 years. Some universities may accept students without work experience, but having experience in the related field is always recommended for international business PG aspirants.
- GMAT/GRE Score: International students are required to appear for certain entrance tests to study in Canada. The submission of standardized test scores is mandatory for universities offering international business as a specialization to MBA programs in Canada.
- Minimum requirements vary from university to university. A competitive score of 600 on GMAT is highly recommended.
- International students should preferably submit GMAT/GRE scores, even if not required. It helps the universities to evaluate the international students from the domestic pool.
- Proof of Language Proficiency: Minimum test score requirements for English language proficiency tests must be met.
- Transcripts: Submit your transcripts from previous colleges/schools.
- Supplementary documents: These include your personal statements, CV, SOP, etc which may or may not be required by a specific university.
International students must ensure that they apply for the Canadian student visa on time to ensure that the same is received in time.
Masters in International Business in Canada: Cost of Study
When planning to study abroad, the cost of study plays an important role in the decision making of the country and university that has been chosen by the student. Detailed below are the details of the expenses that you may experience when planning a masters in international business from Canada.
Pre-arrival costs
Costs of various exams and other one-time expenses that you will experience before landing in the country of choice can be categorized as a pre-arrival expense. Some of these are:
| Expenses | Cost (CAD) |
|---|---|
| Application Fee | 95-156 |
| IELTS Fee | 309 |
| TOEFL Fee | 210-330 |
| GMAT Fee | 331 |
| GRE Fee | 271 |
| Air travel | 350-1200 |
| Health Insurance | 600-800 |
Masters in International Business in Canada: Post-Arrival Expense
Given below is a graph consisting of the total program fees and cost of living in Canada. The graph depicts the annual cost of living in the provinces where the respective universities are located. 
Masters in International Business in Canada: Scholarships for International Students
In most of the universities offering the program, there are no specific scholarships available to international students pursuing masters in International Business. Only a few universities offer scholarships to international students pursuing the program. These are:
- UWO: Entrance scholarships are available for international students applying for the program. The amount awarded varies.
- Queen’s University: Entrance scholarships of around 2050 CAD/term are available to international students planning to pursue masters in international business at Queen’s University
- HEC Montreal: Entrance Scholarships awarding an amount of 2000 – 4000 CAD to its international students pursuing the degree.
The cost of pursuing masters in Canada can range from 40,200 to 83,200 CAD. Funding in the form of scholarships for international students studying in Canada can help the students in managing their overall cost of study.
Masters in International Business in Canada: Scope
A masters in international business from top universities of Canada is a lucrative program with high return on investment. 94% of Queen’s university graduates were employed within 6 months of the completion of the program. The graduate employment percentage for UWO was around 90%.
On completion of the program, students were accepted in fields like financial/accounting, consulting, technology, education, wholesale/retail, communications, and others. The top industries are consulting, financial, and accounting.The average annual salaries offered to international business graduates in various sectors are given in the graph below:
Given below are some of the jobs that an international business postgraduate can apply for along with the average median salaries.
| Job Designation | Annual Average Salaries (CAD) |
|---|---|
| Market Analyst | 177,000 |
| Consultant | 197,000 |
| International Trader | 231,000 |
| Financial Controller | 152,000 |
| Business Development Manager | 255,000 |
| Marketing Executive | 237,000 |
| Supply Chain Manager | 110,000 |
| External Auditor | 174,000 |
| Compliance Officer | 175,000 |
The cost of studying masters in international business in Canada is around 40,200 to 83,200 CAD. Post-graduation students can earn cushy median salaries of minimum 150,000 CAD. This makes masters in international business a lucrative program with a high return on investment.
HEC Montréal
MASTER OF SCIENCE (MSC) – INTERNATIONAL BUSINESS
Become a cosmopolitan manager and pursue your career well beyond Canada’s borders. Whether you choose the thesis or supervised project stream, you’ll gain far-reaching knowledge of the globalization issues facing businesses.
YOUR TRAINING
- Advanced concepts linked to market globalization, and skills needed for an international career in both industrialized and emerging economies.
- Acquisition of relevant knowledge in marketing, strategy, finance or economics.
- Development of the ability to react appropriately to specific risks and to major international changes such as regulatory developments, financial risks, health, social and environmental issues, for example.
- Development of skills in strengthening international collaborations, in corporate social responsibility, as well as in improving innovation, knowledge and business network management.
- Team of multilingual professors from diverse cultural backgrounds with extensive international experience.
- Truly international: in fact, half of the students come from over 15 different countries.
RESEARCH IN YOUR FIELD OF STUDY
- Chair in International Economics and Governance
- Group for Research on Decision Analysis (GERAD)
- Centre for Research on Social Innovations (CRISES)
- Mosaic, creativity and innovation hub
- International Management (IM)
- Centre for Interuniversity Research and Analysis of Organizations (CIRANO)
- Groupe de recherche en affaires internationales (GRAI)
PUT ACADEMIC THEORY INTO PRACTICE
Campus Abroad is a 2- to 3-week intensive course in one of 8 selected countries to learn about the challenges of doing business in another country and meet with company managers.
Join the Global Business Forum. Its mission is to foster awareness and exchanges related to cultural and business networks in developing countries. Conferences, networking events and round tables are organized around themes such as doing business in emerging economies like Russia, Africa and Latin America.
A STEP TOWARDS YOUR FUTURE CAREER
Organizations trust the expertise acquired by students with this master’s degree. This is evidenced by examples of recently proposed thesis topics and supervised projects.
- Analysis of the agri-food sector business models in Africa
- Creation of a commercialization plan specifically for Australia or Japan
- Development of a post-COVID-19 strategy for business partnerships between France and Quebec
- Identifying the best self-financing practices in the NPO sector (Haiti)
- Impacts of COVID-19 on global value chains and the implications for global governance
- Innovation configurations in the Rioja wine SMEs
YOUR FUTURE OUTLOOK
Positions held by graduates of this program:
- Associate
- Key account manager
- Research analyst
- Sanction request coordinator
APPLICATION DEADLINES
| Fall | Winter | Summer |
|---|---|---|
| March 15 | September 15 | No admission |
Check our Academic Calendar for more information.
International Applicants
On account of the waiting period (between 1 and 5 months) involved in meeting the entry requirements to Canada and Quebec, we strongly encourage international applicants to apply for the fall term only.
ELIGIBILITY CRITERIA
WHERE WERE YOU EDUCATED? …
LANGUAGE REQUIREMENTS
- Have advanced proficiency in English when applying.
If you have an intermediate-advanced level proficiency, you will have to take the course Business English – Advanced from your first year of studies.
Note that the labour market in Quebec, and particularly in Montreal, generally requires a good knowledge of French. Students who do not have the requisite level of proficiency in that language are strongly encouraged to take qualifying courses in business French.
SUPPORTING DOCUMENTS
For the supporting documents, see the steps of preparing an application.
ESTIMATED TUITION FEES
TUITION AND OTHER FEES FOR THE FIRST 4 TERMS
| Student status | Thesis | Supervised project |
|---|---|---|
| Quebec students | $6 100 | $6 600 |
| Canadian students, non-residents of Québec | $14 800 | $15 300 |
| French and French Belgian students | $6 100 | $6 600 |
| International students | $30 000 | $30 500 |
For the thesis stream, fees are set for each term; for the supervised project stream, fees are calculated depending on the number of credits. Regardless of the number of terms completed, if you switch from the supervised project to the thesis streams you must pay the tuition fees of the 1st term registered on the thesis stream.
Preparatory phase: Additional fees are added per credit.
scholarships
Every year, HEC Montréal awards close to $1.6 million in scholarships and other forms of awards to M.Sc. students. What a great way to help finance your studies!-Entrance scholarships
These scholarships, worth from $2,000 to $4,000, are awarded by the MSc in Administration program office to the top candidates admitted, based on their academic record at the time of admission.
There are no applications to be completed; successful candidates will be notified by e-mail.
For international students who have never studied in Canada, a differential tuition fee exemption scholarship for the first term may be added to an entrance scholarship.-Research scholarships (granting agencies)
Federal and Quebec government granting agencies award scholarships worth $15,000 and $17,500 to students with an excellent average and who wish to pursue their studies at the Master’s level.
Social Sciences and Humanities Research Council of Canada (SSHRC)
Annual $17,500 scholarships for students in all specializations except Financial Engineering, Management Sciences and Business Intelligence.
Deadline: December 1st every year
Natural Sciences and Engineering Research Council of Canada (NSERC)
Annual $17,500 scholarships for students in the Financial Engineering, Management Sciences and Business Intelligence specializations.
Deadline: December 1st every year
Fonds de recherche du Québec – Société et culture(FRQSC)
Annual $17,500 scholarships, awarded for two years, for students in all specializations except Financial Engineering, Management Sciences and Business Intelligence.
Deadline: Usually during the 2nd week of October
Fonds de recherche du Québec – Nature et technologie (FRQNT)
Annual $17,500 scholarships, awarded for two years, for students in the Financial Engineering, Management Sciences and Business Intelligence specializations.
Deadline: Usually during the 1st week of October
MITACS
$15,000 scholarships awarded for a 4-6 months research internship in a company. Students in the supervised project or thesis streams are eligible for these scholarships.
Applications may be submitted at any time (ideally 3 months before the project begins)-Differential tuition fee exemption scholarships
The Quebec government has agreements with some forty countries and a number of organizations, exempting students who come to study in the province from differential tuition fees. The quota depends on the student’s country of origin. Students must contact the persons responsible for managing this program in their home country.
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