Masters in Business Analytics in Canada is an intensive course available to graduates of Computer Science, Data Analytics, or students of statistical mathematics. Big Data Analytics, Predictive Modelling, Supply Chain Analytics, Data Visualisation, Energy Analytics, and Programming for Analytics are some of the subjects. Customer Analytics, Operations Analytics, People Analytics, and Accounting Analytics are other specializations available within the MBA program. Master’s in business analytics in Canada can be a very good choice as a career.
| Program | MS in Business Analytics |
| Duration | 1 - 2 year |
| Average Tuition Fee | 20,000 to 50,000 CAD (12.14 lakhs - 30.37 lakhs INR) |
| Top Universities | University of British Columbia York University University of Alberta Western University Carleton University |
| Top Universities | Deloitte, Amazon, Accenture KPMG, PWC CIBC, Air Canada, PWC, Oliver Wyman |
| Top Job Profile | Business Analyst Data Analyst Market Research Analyst Management Analyst Business Data Analyst Financial Analyst |
| Average Salary per annum | 81,000 CAD (48.74 lakhs INR)/per year |
Business analytics is in high demand in the industry. People with the skill of business analytics have more chances to get a high salary. This is an application of data analytics to business problems. It is a combination of business expertise, data analysis, big data, data management, and data visualization.Masters in Business Analytics in Canada is a one-two year program. It is available as MBAN (master.s in Business Analytics), MS in Business Analytics and an MBA with a specialization in Business Analytics. The average tuition fee for MS in Business Analytics in Canadian Colleges is around 20,000 to 50,000 CAD (36.81 Lakhs INR).
Applicants require a GPA of 3.0 (83-86%) and a GMAT score of 600 or above to get admission to the top universities in Canada. The course focuses on intersecting technology and Business, providing analytical insights that help in achieving Business goals. A postgraduate in Business Analytics from Canada can earn around 42.52 lakhs to 60.74 Lakhs INR/year. There are various institutions that are providing courses on Business analytics in Canada.
Why Study Masters in Business Analytics in Canada?
Here are some of the major reasons that a candidate must look into while opting to study 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, 2023.
- 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.
- Numerous job opportunities can be availed post completing MBAN, with an average starting salary of 23 lakhs INR per annum
- According to the 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.
Top Universities: Masters in Business Analytics in Canada
There are so many universities providing good quality education for the course of masters in business analytics. Some of the universities are mentioned below along with the admission fees and deadlines:
| University/College | Program | Admission Deadline | Tuition Fees (CAD) | Tuition Fees (INR) |
|---|---|---|---|---|
| UBC Sauder School of Business | Masters of Science in Business Analytics | Closed | 62,658 | 38.06 lakhs |
| York Schulich School of Business | Masters of Business Analytics | Closed | 84,100 | 51.09 lakhs |
| University of Alberta | MBA Business Analytics | Fall 2023: Closed Winter 2023: September 1, 2023 | 54,000 | 32.9 lakhs |
| Western Ivey Business School | MS in Management Business Analytics | Closed | 51,600 | 32.9 lakhs |
| HEC University | MS in Data Science and Business Analytics | MS in Management - Data Science and Business Analytics | Round 4: Closed | 34,100 | 20.71 lakhs |
| McMaster DeGroote School of Business | MBA Business Analytics | Closed | 20,662 | 12.55 lakhs |
| Carleton University | MS Business Analytics (collaborative masters) | Closed | 31,117 | 18.90 lakhs |
Admission Requirements: Masters in Business Analytics in Canada
International students who wish to study Masters in Business Analytics in Canada need to fulfill certain conditions. However, the eligibility criteria for admission vary from institution to institution:
- Candidates should have a bachelor's degree, preferably a 4-year degree with mandatory subjects like Statistics, Algebra, and Calculus
- A proven experience in Computer Programming and Data Analytics
- GRE / GMAT score along with other English proficiency tests such as TOEFL, IELTS, PTE, etc
- GPA of 3.0 on a scale of 4.0, suggesting the percentage score should be within 76-81% and a letter grade of B or above.
Document Requirements: Masters in Business Analytics in Canada
- Transcripts: Certificates, mark sheets, and other documents from previous institutions must be submitted.
- Letter of Recommendation
- Updated resume/CV
- Statement of intent
- Personal essays
- English Language Proficiency Score
- IELTS: 7.0
- TOEFL iBT: 100
Cost of Living in Canada
International students have to incur large expenses while studying in Canada. The living cost, transportation costs, books, and other materials, etc. The following table depicts all the estimated costs that a candidate has to incur:
| University | Cost of living(CAD) | Cost of living(INR) |
|---|---|---|
| University of British Columbia | 17,287 | 10.47 lakhs |
| University of Alberta | 20,417 | 12.36 lakhs |
| Carleton University | 8,235 - 13,748 | 4.98 lakhs - 8.32 lakhs |
| York University | 10,345 | 6.26 lakhs |
| Western Ivey Business School | 20,417 | 12.36 lakhs |
| HEC Montreal | 6,805 | 4.12 lakhs |
| McGill University | 9,528 | 5.77 lakhs |
| McMaster University | 10,889 | 6.59 lakhs |
Scholarships: Masters of Business Analytics
The scholarships for international students enrolled in the program for MBAN and MBA with business analytics specialization are:
| University | Scholarship | Amount offered(CAD) | Amount offered(INR) |
|---|---|---|---|
| University of British Columbia | Asia Top Talent Scholarship International Talent Scholarship | 5,000 - 10,200 | 3,01,700-6,15,469 |
| Carleton University | Merit Scholarships | 1000 - 12,300 | 60,334-7,42,109 |
| York Schulich School of Business | Merit-based Entrance Award and International Student Award | Variable | Variable |
| Western Ivey Business School | Merit-based Awards | 20,500 | 12,36,714 |
| HEC Montreal | Entrance Scholarship | Variable | Variable |
| McGill University | Various Entrance Scholarships are available Scotiabank Fellowship | 5,000 - 10,200 | 3,01,700-6,15,469 |
| McMaster University | Provost Entrance Scholarship The Woo Family International Entrance Scholarship | 7,722 - 3,130 | 4,65,849-1,88,809 |
Masters of Business Analytics: Job Opportunities
International students can get abundant job opportunities after completing their MBA in Canada. They can also start work in Canada on a Canadian Work Permit. Some of the major companies that offer high-paying jobs to candidates are Deloitte, CIBC, Air Canada, etc.
| Job Profile | Salary Offered(CAD) | Salary Offered(INR) |
|---|---|---|
| Senior Data Scientist | 86,827 | 52.6 lakhs |
| Data Scientist | 86,350 | 52.31 lakhs |
| Business System Analyst | 86,067 | 52.14 lakhs |
| Business Analyst | 71,257 | 43.16 lakhs |
| Information Technology Consultant | 65,640 | 39.76 lakhs |
| Business Intelligence Analyst | 65,640 | 35.09 lakhs |
| Analytics Analyst | 52,440 | 31.76 lakhs |
Masters of Business Analytics : ROI
The below mentioned table shows the return on investment upon pursuing masters in business analytics:
| Tuition Fees(CAD) | Cost of living(CAD) | Salary Earned(CAD) | ROI |
|---|---|---|---|
| 62,658 | 98,547 | 86,827 | -74,288 |
| 84,100 | 98,547 | 86,350 | -96297 |
| 54,000 | 98,547 | 86,067 | -66,480 |
| 51,600 | 98,547 | 71,257 | -78890 |
| 34,100 | 98,547 | 65,640 | -67007 |
| 20,662 | 98,547 | 65,640 | -53,569 |
Masters of Business Analytics: Comparison by College
These are some of the colleges offering mba in business analytics and their comparison:
| University | Application | GPA Required | GMAT/GRE | ELP Requirement | Work Experience |
|---|---|---|---|---|---|
| York Schulich School of Business | 150 CAD(INR 9157) | Letter grade B+ | GMAT: 680 | IELTS: 7.0 | TOEFL: 100 | Recommended |
| University of Alberta | 135 CAD(INR 8241) | 3.0 on the scale of 4.0 or 60% in Bachelor’s | GMAT: 550 | GRE: 50th percentile | IELTS: 7.0 | TOEFL: 100 | 5 years of work experience |
| HEC University | 310.63 CAD(INR 18,925) | An overall average of 80% | GMAT: 600 | TAGE MAGE: 300 | French language Proficiency TEF/TCF- B2 to C1 level | Not Required |
| Carleton University | 110 CAD(INR 6715) | Not Specified | GMAT: 550 or equivalent GRE score | French language Proficiency TEF/TCF- B2 to C1 level | 2-year work experience |
| McMaster DeGroote School of Business | 150 CAD(INR 9157) | A GPA of 8.0 on the scale of 12 | GMAT: 600 | IELTS: 7.0 | TOEFL: 100 | Required |
Masters of Business Analytics: Degree Comparison By Location
The below table shows the comparison between USA and Canada in terms of studying Master’s of Business Analytics:
| Parameters | Master’s in Business Analytics in Canada | Master’s in Business Analytics in USA |
|---|---|---|
| Duration | 1-2 years | 1-2 years |
| Average tuition fees | 20,000 to 50,000 CAD(INR 12,20,957-30,52,442) | 35,000 to 60,000 USD |
| Annual Cost of living | 10,000 to 15,000 CAD(INR 6,10,488-9,15,732) | 12,000 to 18,000 USD |
| Annual Average Salary | 70,000 to 80,000 CAD(INR 42,73,420-48,83,908) | 80,000 to 120,000 USD |
| Financial Support | Scholarships, bursaries, work opportunities | Scholarships, bursaries, work opportunities, assistantships |
| Visa | Study permit | F-1 or J-1 visa |
| Top Specialisations | Data mining, machine learning, deep learning, computer vision, natural language processing | Business intelligence, data visualization, data warehousing, predictive analytics, decision support systems |
| Score of Exams Accepted | GRE, TOEFL, IELTS | GRE, TOEFL, IELTS |
| Scores of English language proficiency tests | Data mining, machine learning, deep learning, computer vision, natural language processing | Minimum 6.5 bands in IELTS, minimum 90 in TOEFL |
Canada serves as one of the countries attracting huge amount of candidates all over the world.The infrastructural facilities,the quality of education is what sets them apart from the world. Moreover,students can also get a hold of a work permit which allows them to stay in the country even after 60 days of graduation.
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