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.
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.

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