MIM in Canada is usually a 2-year course designed for candidates who possess deep interest in the leadership roles. Admission to MIM in Canada requires a four-year bachelor’s degree with 4 years or more. IELTS score of 6.5 or equivalent is also needed as English proficiency test scores. The demand for MBAs is increasing with the expansion of the global economy. Students who want to do MIM or Masters in Management in Canada will search for a standard institution with internships and work experience. A good institution develops good managerial skills, improves professional careers and provides good networking and placement opportunities. Several MiM programs expose students to all areas of business, including accounting, supply chain, finance, leadership, consulting, public administration, etc. The average tuition fee for Masters in Management in the universities in Canada is around 56,000 CAD(INR 33 Lakhs) per year.However,there are several scholarships offered by top universities so that the huge fee cost can be compensated.MIM students prefer to study in top cities like Toronto, Vancouver, or Montreal. MiM graduates are employed in sectors like finance, supply chain management, consulting, accounting, public administration, etc.Generally, MIM graduates get a salary in Canada that ranges from CAD 45,000 to CAD 100,000.

Table Of Contents 

  1. Top Universities for Masters in Management in Canada
  2. Top MIM Specializations in Canada
  3. Admission Process for MIM in Canada
    3.1 Admission Deadlines: Masters in management in Canada
    3.2 MIM in Canada: Eligibility Criteria
    3.3 English Proficiency Scores for Masters in Management in Canada
  4. Documents Required for MIM in Canada
  5. Cost of Studying MIM in Canada
  6. MIM in Canada Without GMAT
    6.1 MIM in Canada Student Visa Process
  7. MIM in Canada - Scholarships
  8. Work Permit after Studying MIM in Canada
  9. Top Recruiters for MIM in Canada
    9.1 Job Roles MIM in Canada
  10. MIM in Canada Return on Investment(ROI)
    10.1 Masters in Management in Canada vs Masters in Management in USA

Top Universities for Masters in Management in Canada

The top 10 Colleges and Universities in Canada for MIM with QS World University Rankings and tuition fees are tabulated below:

University (College) Name QS World University Rankings Tuition Fee (1st Year) Tuition Fee (1st Year) (INR)
Concordia University (John Molson School Of Business) #521-530 CAD 42,200 INR 25,46,597
Dalhousie University #308 CAD 16,725 INR 10,09,285
McGill University (Desautels Faculty of Management) #31 CAD 54,990 INR 33,18,421
McMaster University #152 CAD 11,397 INR 6,87,746
Queen’s University #246 CAD 14,982 INR 9,04,081
Simon Fraser University #328 CAD 46,400 INR 27,99,986
University of British Columbia (Sauder Business School) #47 CAD 9,131 INR 5,50,992
University of Calgary (Haskayne School Of Business) #242 CAD 22,774 INR 13,74,253
University of Toronto (Rotman School of Management) #34 CAD 41,550 INR 25,07,255
University of Victoria #359 CAD 32,500 INR 19,59,525
University of Waterloo #154 CAD 41,688 INR 25,13,498
University of Western Ontario (Ivey Business School) #69 CAD 83,250 INR 50,19,399

MIM in Canada also involves innovative specializations. Here is a list of specialization subjects and respective universities in the table below:

Top Universities Programs Offered Annual Tuition Fees(CAD) Annual Tuition Fees(INR)
University of Toronto M.Mgmt Analytics 72,630 43,77,941
University of British Columbia Master of Management 52,641 31,74,849
McGill University M.Mgmt Finance 60,345 36,39,487
University of Manitoba Masters in Management 18,969 11,44,045
University of Windsor Master of Management 29,400 17,73,153
University of Lethbridge Master of Management 20,585 12,41,776
University Of Montreal Master of Management 20,251 12,21,628
Queen’s University Master of Management 15,000 9,04,865

Top MIM Specializations in Canada

MIM has a wide range of specializations for different career opportunities. The following table shows different available specializations in Canada:

Accounting and Finance Human Resources Management
Data Science and Business Analytics International Business
Economics International Economics and Finance
Energy Management Marketing and Consumer Studies
Entrepreneurship & Innovation Supply Chain Management
General Business Administration Sustainable Leisure Management
Health Management Technology Management

Admission Process for MIM in Canada

A step-by-step guide to applying for MIM in Canada is given below:

  • Visit the official university website of the selected university
  • Study eligibility criteria and documents required.
  • Fill in all the details required
  • Upload scanned copies of all the required documents (transcripts, CV, IELTS/TOEFL/PTE/CAEL, GMAT/GRE scorecards)
  • Pay the fee online.
  • If eligible, you get the conditional offer letter.
  • Pay the deposit amount by agreeing to the terms and conditions of the university.

Admission Deadlines: Masters in Management in Canada

The following table shows the various top universities and their admission process deadlines:

University Application Deadlines
University of British Columbia Round 2 Application Deadline: January 10, 2023 Round 3 (Final) Application Deadline: March 14, 2023
University of Toronto January 25, 2023
McGill University January 15, 2023
University of Montreal Fall: March 15, 2023 Winter: September 15, 2023
University of Manitoba Fall: February 1, 2023
Queen’s University January 9, 2023
University of Lethbridge Other Major: February 15, 2023 Business Analytics Major: June 1, 2023

MIM in Canada: Eligibility Criteria

The eligibility criteria for MIM in Canada are given below:

  • 10 and 12 formal schooling certificates
  • Bachelor’s degree from a recognized university abroad (a B+ or A grade)
  • English Proficiency Test Scores: IELTS (6.0 - 7.0), TOEFL (85 - 100), or PTE (65 - 70) or CAEL (60-70) scores
  • GMAT or GRE scores for some universities (550-600)
  • Work experience (12-24 months)

However,admission to different universities in Canada differ from each other in eligibility criteria:

University GPA required on a 4.0 scale GMAT required Application Fees(CAD) Application Fees(INR)
Odette School of Business 3.3 (~87-89%) 520 125 7,538
HEC Montreal 3.7(~90-92%) 630 or more 130 7,840
Asper School of Business 3.0 (~83-86%) 550 100 6,031
Desautels Faculty Of Management 3.5 (~89-90%) 650 118 7,121
Smith School of Business 3.3 (~87-89%) 640 with 85% 125 7,543
Rotman School of Management 3.0 (~83-86%) 570 with 4 in analytics writing assessment 195 11,768
Sauder School of Business 3.5 (~89-90%) 620 (320+ on GRE) 162 9,776

English Proficiency Scores for Masters in Management in Canada

International Students require a proper IELTS or TOEFL score for being eligible to take admission in the top universities in Canada.The following table denotes the various requirements by various universities in terms of english proficiency scores:

University IELTS TOEFL
University of Windsor 7.0 100
University of British Columbia 7.0 100
University of Montreal 8.0 114
University of Toronto 7.0 100
McGill University 6.5 86
University of Manitoba 6.5 100
University of Lethbridge 6.5 80
Queen’s University 7.0 88

Documents Required for MIM in Canada

Admission to MIM colleges in Canada requires some documents. They are:

  • Online application and application fee: The applicant has to initiate an online application process by submitting a non-refundable fee to the university authority. At the end of the process, the applicant needs to save those application documents for future references.
  • Transcripts: At the time of admission, the applicants need to submit the transcripts of the degree received in the last attended academic institutions.
  • Standardized exams to study in Canada: For a Masters in Management, the applicants must write GMAT/GRE exam. Applicants need the required qualifying score by the time they fill out their applications.
  • Letter of reference: A minimum of two academic LOR.
  • English proficiency exam score: International students of non-English speaking countries have to submit an English proficiency exam (IELTS, TOEFL etc.) scorecard.
  • Criminal record check: The applicant needs to submit the documents without any criminal history. This should be attested by a higher authority.
  • Statement of Interest: The applicant has to submit the statement of intent to assert their need for the course and also how they can contribute to the course in an enriching manner.

Cost of Studying MIM in Canada

The cost of studying MIM in Canada depends upon the type of course, college/university and the cost of living. On average the fee ranges between CAD 30,000 to CAD 60,000 per annum.

University Tuition Fees(CAD) Tuition Fees(INR)
University of Toronto 72,630 44.39 lakhs
Queen’s University 15,000 9.16 lakhs
McGill University 60,345 36.88 lakhs
University of Manitoba 18,969 11.59 lakhs
University of Lethbridge 20,585 12.58 lakhs
University Of Montreal 20,251 12.37 lakhs
University of Windsor 29,400 17.96 lakhs
University of British Columbia 52,641 32.17 lakhs

The cost of living in Canada ranges from CAD 15,000 - CAD 20,000 per month. The cost of living includes lodging, boarding, traveling, stationery, recreational activities, etc.

Expense Type Average Cost(CAD) Average Cost(INR)
Accommodation 1,037 62,465
Transport 107 6,446
Food 290 14,471
Internet 80 4,819
Books and Supplies 163 9,818
Miscellaneous 310 18,673

MIM in Canada Without GMAT

There are a few universities and colleges in Canada that do not require GMAT. The name of the universities with other requirements is tabulated below:

University Name Other Requirements
Ivey Business School TOEFL, IELTS, CAEL, PTE, DET
Lakehead University TOEFL, IELTS, CAEL, PTE, DET
Thompson Rivers University TOEFL, IELTS, PTE
York University TOEFL, IELTS

MIM in Canada Student Visa Process

Canada provides better academic infrastructure and analytical skills as compared to the other countries. However,getting a visa for Canada is not very easy.The following are the requirements is given below:

  • Acceptance letter: Without the letter of acceptance, the applicant will not be able to apply for a student visa to Canada.
  • Valid Passport: As per the Canadian High Commission, the validity of the passport must cover the course duration for which the applicant has opted for. Masters in Management from Canada has a course duration of 16 months.
  • Photograph Specifics: Photographs should be taken in front of a plain background with no facial expression. The image should be recent.
  • Immigration Medical Examination: International students from India have to take a mandatory medical checkup from impaneled doctors of
  • Financial Proof: Canadian immigration requires proof of the financial ability of the applicant. The bank account should have the necessary funds required to sustain oneself for one year of stay in Canada along with travel cost for one side.
  • English Language Proficiency: The applicants should submit the English proficiency test scorecard to show confirmation in Canadian universities.
  • Statement of Purpose: The applicant must submit an essay explaining the reason to choose Canada for educational destination and also for choosing the particular institution to study masters in Management in Canada.

MIM in Canada - Scholarships

Students who pursue MIM in Canada can get various scholarships. Some of the important scholarships are given below:

Scholarship Eligibility Amount(CAD) Amount(INR)
Ontario Graduate Scholarships All international students pursuing full-time/part-time graduate courses in Ontario with a first-class or equivalent in the qualifying exam. CAD 15,000/ year INR 9,05,115
The University of Manitoba Graduate Fellowships Graduate programs at the University of Manitoba, students with superior intellectual ability and academic accomplishments. CAD 14,000/ year INR 8,44,774
Asian Top Talent Scholarships Meritorious students from Asian countries, studying at the University of British Columbia. CAD 10,000 - CAD 35,000 INR 6,03,410- INR 21,11,936
Derrick and Lytta Pereira Prize A student with excellent accomplishments at the University of Lethbridge for the MSc Management program. CAD 15,000 INR 9,05,115
Ritchie-Jennings Memorial Scholarship Graduates must be enrolled in 6 semester hours (or equivalent) per term. CAD 13,555 INR 8,17,375
Narotam Sekhsaria’s Scholarships The student must be an Indian citizen. The age should be below 30 years as of 31st January of the year applying for this scholarship. - -
QS Undergraduate Scholarship The student must attend a QS recruitment event (World Grad School Tour, World MBA Tour, Connect Masters, Connect MBA, STEM, etc.) CAD 6,776 INR 4,08,947
Jared J. Davis Grant Any student from any college/university CAD 1355 INR 81,777

Work Permit after Studying MIM in Canada

Getting a PGWP (Post-Graduation Work Permit) while studying in Canada depends on the kind of course, duration and internships. The maximum length of the PGWP in Canada for MIM is 3 years. PGWP cannot be issued for more than the duration of the program. The minimum duration of the course is 8 months to obtain a PGWP permit in Canada. International students can work for 20 hours on-campus or off-campus while pursuing the MIM course.

Top Recruiters for MIM in Canada

The table below shows some of the top recruiters of MIM graduates from the top 5 universities:

Top University Top Recruiters
McGill University PWC, SaniSource, Scotiabank, TD Bank Group, Ubisoft, Canalyst, CIBC, Citgo Group, Capital One, Sun Life Financial
McMaster University CIBC Mellon, Edge Point Wealth, Manulife Financial, Ontario Treasury Board, BMO, Scotia Bank, IG Wealth Management
The University of British Columbia: British Columbia Infrastructure Benefits, Inc., SAP, Jostle, Deloitte, TUEX Education, Porsche Consulting
University of Toronto Deloitte, EY, KPMG, PWC, BDO Canada, SF Partnership, Scotiabank, RBC, TD Waterhouse
University of Waterloo Sun Life Financial, IBM, LinkedIn, Ontario Power Generation, Yelp, EY

Job Roles MIM in Canada

Canada offers abundant job opportunities to candidates pursuing MIM.Some popular job designations with their average salaries are tabulated below:

Top University Top Recruiters
McGill University PWC, SaniSource, Scotiabank, TD Bank Group, Ubisoft, Canalyst, CIBC, Citgo Group, Capital One, Sun Life Financial
McMaster University CIBC Mellon, Edge Point Wealth, Manulife Financial, Ontario Treasury Board, BMO, Scotia Bank, IG Wealth Management
The University of British Columbia: British Columbia Infrastructure Benefits, Inc., SAP, Jostle, Deloitte, TUEX Education, Porsche Consulting
University of Toronto Deloitte, EY, KPMG, PWC, BDO Canada, SF Partnership, Scotiabank, RBC, TD Waterhouse
University of Waterloo Sun Life Financial, IBM, LinkedIn, Ontario Power Generation, Yelp, EY

MIM in Canada Return on Investment(ROI)

The table below shows data concerning the top MIM universities in Canada, first-year tuition fees, courses, and expected average salaries.

University Course Tuition Fee (1st Year) Average Salaries by Degree
Concordia University Supply Chain Specialist CAD 21,431 CAD 62,790
McGill University Senior Accountant CAD 54,990 CAD 54,617
University of Guelph Market Research Analyst CAD 15,586 CAD 44,041
University of Toronto Financial Analyst CAD 41,550 CAD 58,932
York University Human Resources CAD 47,373 CAD 61,512

Masters in Management in Canada vs Masters in Management in USA

The below table shows a detailed comparison between the two countries for a candidate who is considering to study Masters in Management:

Parameter MIM in USA MIM in Canada
Duration 2 years 2 years
Average Tuition Fees 56,800 USD to 150,000 USD (46.46 lakhs-1.22 crores INR) 15,000- 72,630 CAD (9.16-44.37 lakhs INR)
Percentage Required 83-86% 80-90%
English Language Proficiency Tests IELTS: 7.0 | TOEFL: 100+ IELTS: 7.0 | TOEFL: 100+
Accepted Entrance Exam GMAT: 600 or above GMAT: 550 or above
Cost of Living 2,280 USD (1.85 lakhs INR) 1,987 CAD (1.19 lakhs INR)
Average Salary 80,000 USD(65,41,679 lakhs INR) 66,000 CAD (40.32 lakhs INR)

Pursuing a master’s degree in management from Canada helps students gain the required exposure and knowledge they require to survive in the professional world.Canada proves to be very fruitful for the students as the country not only provides quality education but also high quality living standards.