Masters in Management (MIM) in Canada: Top Universities, Eligibility & Jobs

A complete guide for studying a masters in management course in Canada

Masters in Management or MIM is an excellent opportunity to upgrade your entrepreneurial skills and advance in your career. The course is ideal if you wish to enter leadership roles or learn how to manage teams better. This program provides education on developing effective business strategies, resource management, and innovative problem-solving for complex business challenges. MIM courses typically last between 9 months and 2 years, depending on the chosen university and its curriculum.

Canada is considered among the top destinations abroad for pursuing MIM course due to its exceptional quality of education, promising career prospects, and competitive salaries offered to graduates. These factors make studying MIM in Canada a top choice for international students.

Why Study Masters in Management in Canada?

There are several reasons why Canada emerges as one of the most sought-after destinations to study Management courses abroad. Listed below are just some of the factors that make the country attractive among international students for Masters in Management in Canada:

1. Universities offering MIM in Canada provide plenty of choices to students in terms of picking a course to specialise in. Students can therefore decide which subject interests them and which they would like to excel in during the MIM programme. A few examples include MIM in Hotel Management, Project Management, Marketing Management, Supply Chain Management, and the like.

2. Canada's Masters in Management institutes are renowned the world over for providing world-class infrastructure and top-notch educational and research facilities on campus. Moreover, Canadian universities proudly feature among the top 100 universities as per QS World University Rankings for Business and Management.

3. Another reason that draws international students to Canada for MIM courses is the availability of attractive job placements. Graduates of MIM courses from Canadian universities not only have access to high-value jobs but also have the opportunity to receive generous pay packages.

MIM Courses in Canada

The best part about pursuing Management courses in Canada is that the country offers a host of specialisations as part of the MIM course to international students. This means that the students studying MIM in Canada can opt for any particular stream of study. Take a look at of the most popular MIM specialisations offered at top Canadian universities.

1. MSc Management, International Business with CEMS MIM

2. Masters of Management

3. MSc Finance

4. Masters of Accounting (MAcc)

5. International Management Major

Note: Make sure to check the course structure and duration of each course from the university you apply to before enrolling for the program.

Eligibility Criteria and Admission Requirements to Study MSc in Management in Canada

Universities in Canada consider exam scores, academic and professional portfolio to select students for MIM courses. Here are the admission requirements:

1. A Bachelor’s or Undergraduate degree from an internationally recognized institution

2. English language proficiency scores like IELTS

Here are additional documents you would need along with your application-

1. Letter of Reference (minimum two from previous academic/professional organisations)

2. Academic transcripts of all courses attended so far

3. Statement of Purpose for Canada

Cost of Studying Masters in Management in Canada for Indian Students

The estimated average annual tuition fee for Master in Management in Canada is approximately 56,000 CAD for Indian students, excluding other living expenses such as accommodation rent, food, shopping, and miscellaneous expenses that may arise during the study program.

Top Colleges / Universities for MIM in Canada

Canada has several top-ranked colleges that offer Master in Management courses, many of which are among the best in the world according to the World University Rankings. We have listed the top Canada MIM colleges in Business and Management Studies, according to both the QS World University Rankings and THE World University Rankings for 2023.

Sources: https://www.topuniversities.com/university-rankings/world-university-rankings/2023
https://www.timeshighereducation.com/world-university-rankings/2023/world-ranking#!/page/0/length/25/locations/CAN/sort_by/stats_pc_intl_students/sort_order/desc/cols/stats

Scholarships for Masters in Management in Canada for International Students

MIM courses at leading Canadian universities can be expensive, but many universities offer scholarships to support and encourage international students to enroll. These scholarships are funded by the universities or the Canadian government, and provide financial aid for the course.

Here are some of the most sought-after scholarships for international students pursuing MIM in Canada:

Career Opportunities After Pursuing Canada Masters in Management

Upon finishing the 1-2 year MIM course in Canada, graduates become eligible to apply for leading management positions in various companies across the country. Some of the highly sought-after job roles available for MIM graduates in Canada include:

1. Project Manager

2. Social Media or Digital Media Manager

3. Business Development Manager

Furthermore, MIM graduates may also find various entry-level positions available to them, such as Management Trainee or Analyst roles. With a few years of experience in the field, these trainees or analysts may advance to higher positions such as:

1. Training Manager

2. Human Resources Manager

3. General Operations Manager

The average annual MIM salary in Canada for course graduates is expected to be between 45,000 and 65,000 CAD (approximately). This is generally the salary on offer to entry-level role applicants. This is likely to increase with proportionate growth in experience and academic skills over the years.

FAQs:

1. What is the duration of Masters in Management in Canada?

Duration for MIM in Canada is two-years. Some institutions may also offer shorter duration course for one year. You can check with the specific university for the exact duration of the course they offer.

2. Is work experience required for pursuing MIM in Canada?

Canadian universities generally do not require MIM course applicants to possess prior professional experience before enrolling for the course. While it boosts your application and increases the chances for admission, previous work experience is not mandatory for applying to MIM in Canada.

3. Is GMAT required for Masters in Management in Canada?

GMAT is not compulsory for admission applications to MIM courses in Canada. Most universities in the country accept applications without GMAT test scores. However, it is recommended to check specific eligibility criteria for the unviersity/college you are applying to.

4. What are the visa requirements for pursuing an MSc in Management in Canada?

International students applying for an MSc in Management at a Canadian university must possess a valid passport and Student visa to study in the country.

5. What are the job opportunities after completing MIM in Canada?

Some of the popular job positions inviting applications from graduates of MIM courses in Canada are:

1. Social Media Manager

2. Project Manager

3. Risk Manager

4. Management Consultant

6. How much gap is accepted for Management Masters in Canada?

Most Canadian universities generally accept a gap of 5 years for PG courses. However, you may be required to submit legitimate reasons to support your academic gap.

7. What are the specialisations in Management Masters in Canada?

Students of MIM courses at Canadian universities are offered plenty of options to pick and choose their preferred area of specialisation. You may choose to select any of the following fields of study as per your interest/preference:

1. Accounting

2. International Management

3. Finance

4. Marketing

5. Management Information Systems (MIS)

6. Organisational Behaviour

7. Managerial Economics

8. Management Science

8. Is a Letter of Recommendation required to study MIM in Canada?

Most universities would demand students to submit a minimum of 2 Letters of Recommendation or LOR while applying for a MIM course in Canada. It is best advised to check with the university chosen for the program about its specific requirements.

Read more insightful articles