MBA in Finance in Canada without GMAT is offered by some business schools and universities with a wide range of courses and specializations to choose from. The most important benefit to pursue the MBA in Canada is that it provides an opportunity to gain international experience and exposure. Students will get an opportunity to create their networks all around the world, which is a valuable task in today’s global business environment.

There are some colleges/ universities in Canada that don’t require the GMAT scores for admission in MBA programs. Candidates interested in pursuing MBA without GMAT have to show other qualifications such as excellence in academic performance, interest in extracurricular activities, leadership qualities, etc. These colleges may also require work experience.

Eligibility for the Masters in Finance in Canada without GMAT

Candidates who are interested in pursuing the Masters degree in finance in Canada without GMAT have to follow the given eligibility criteria:

  • Valid student permit
  • English language proficiency test
  • Statement of Purpose
  • Official Academic Transcripts
  • Resume
  • Letter of Recommendation
  • Work experience
  • Personal Statement
  • Work references
  • Undergraduate degree from the recognized university with a minimum GPA of 3.0
  • Candidates should have studied statistics, business finance, financial theory and other finance related topics or courses

Top Colleges for Masters in Finance without GMAT in Canada

Candidates can check universities in Canada offering GRE waiver. The table given below shows the list of top colleges for pursuing Masters of Finance without GMAT in Canada:

info

Eligibility for the MBA Finance in Canada without GMAT

There are some universities in Canada that require higher GPA rather than GMAT scores for admission to the MBA programs or courses. The requirements for this such universities are:

  • Letter of Reference and Statement of Purpose
  • CV
  • Bachelor’s degree in related field with GPA greater than 3.0
  • Cover letter
  • IELTS score: 6.5
  • Work experience of 2–5 years
  • Submission of Essay

Top Colleges/Universities for MBA in Finance in Canada without GMAT

The table shown below includes the list of the top colleges/universities of MBA finance in Canada without GMAT:

University Program
Lubin School of Business at Pace University Executive MBA and MBA in Financial Management
Alfred Lerner College of Business Master of Business Administration (MBA)
Kellogg School of Management at Northwestern University Executive MBA
Sawyer Business School at Suffolk University Executive MBA
Hult International Business School One-Year MBA
College of Business at Florida International University Professional MBA
Smith School of Business, Queen’s University Accelerated MBA program
Thompson Rivers University Executive MBA in finance
Ivey Business School MS in Finance
Lakehead University Executive MBA in finance
New York Institute of Technology MBA in finance
Gustavson School of Business Master of Management degree in Finance

Average Cost of MBA without GMAT in Canada

The average cost of MBA without GMAT in Canada is:

Top Colleges for MS Finance in Canada without GMAT

Here is the list of top colleges for MS or MSc in finance in Canada without GMAT:

University Course Fees (USD)
University of Toronto Master of Arts (MA) Financial Economics $17,827
Master in Financial Insurance $38,625
Master of Financial Risk Management $47,572
Master of Finance $32,895
Concordia University Master of Science in Finance $27,825
University of Alberta Master of Arts in Economics & Finance $7,875
McGill University Master of Management in Finance $17,760
York University Master of Finance $59,388
University of Montreal Master of Science (M.Sc) in Applied Financial Economics $20,350

Benefits of MBA without GMAT in Canada

MBA without GMAT in Canada can be beneficial to the students who don’t want to appear in the GMAT exam or for those students who didn’t score well in the GMAT exams. Some of the benefits to the candidates study in Canada taking admission in MBA programs without GMAT are:

  • Saves Time and Money: Candidates preparing for the GMAT exam takes a lot of time to complete its preparation and appear in the examinations. There are chances that they are not able to clear the GMAT exam. So in such cases, they can take admission in MBA or other master’s programs in Canada without a GMAT score.
  • More admission from different countries: If the GMAT requirement is not necessary for any program in Canadian Universities, more and more people from different parts of the world will take admissions to these colleges or universities. This will bring new ideas from different parts of the world and enriches the classroom discussion.
  • Accessibility: GMAT is a standardized test with different sections included in the test which helps the students to take admission to the top graduate management programs.

Sometimes, most of the students are unable to clear this exam due to which they fail to take admission in the top universities in Canada. In such cases, the MBA programs in Canada without GMAT will be helpful to the students that will attract different people from different parts of the world.

FAQs

Ques: Will the master’s degree be valued if it is done without a GMAT?

Ans: Most of the students are unable to clear this exam due to which they fail to take admission in the top universities in Canada. In such cases, the MBA programs in Canada without GMAT will be helpful to the students that will attract different people from different parts of the world.

Ques: How is the finance program beneficial for the students?

Ans: Students will learn how to handle the finance, funds and money of an organization. The students can also be involved in audits, taxations, billing, and invoicing.

Ques: Are there colleges in Canada that will give admission in MBA programs without GMAT scores?

Ans: Yes, there are various colleges and universities in Canada that will give admission to various MBA programs without GMAT scores that includes University of Toronto, University of Alberta, University of Concordia, Ivey Business School, New York Institute of Technology, etc.

Ques: Can freshers pursue MBA programs in Canada?

Ans: There are many universities or colleges that will offer various MBA programs to the fresher students coming to Canada that includes Queen’s University, University of Windsor, Dalhousie University, Thompson Rivers University, Cape Breton University, etc.

Ques: Which exam is required for MBA in Canada?

Ans: To take admission in the MBA program in Canada, candidates can appear in the GMAT exam. There are institutions that don’t require GMAT scores. In such cases, they prefer only the scores in the English proficiency test.

Ques: What is the cost of studying and living in Canada?

Ans: The average tuition fee for study MBA in Canada is Rs 25.68 lakhs and the cost of living is Rs 5.84 lakhs.

Ques: Name the countries where we can study MBA without GMAT score.

Ans: Some of the countries that don’t require the GMAT scores for MBA admissions are Canada, Australia, UK, USA, New Zealand, and France.

Ques: Is it possible to take admission in MBA without GMAT score and work experience?

Ans: Admission into MBA in Canada without GMAT and work experience is possible in some universities. Some of these universities are Thompson Rivers University, Cape Breton University, Brock University, Vancouver Island University, etc.

Ques: Is a GMAT score required for admission in the MS program in Canada?

Ans: No, it is not mandatory to submit the GMAT scores for MS in Canada. Some of these universities are University of Toronto, McGill University, University of Montreal, York University, etc.