Masters in Management (MIM) in Canada: Universities, Courses & Fees

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Aprant Agarwal Study Abroad Expert
Updated on Jun 27, 2022 13:32 IST

MIM in Canada: As the global economy expands and economic boundaries get thinner, the relevance of MBA keeps on increasing. However, many Business Schools require a certain years of work experience for admissions. In such a scenario, MIM or Masters in Management becomes relevant since it provides a management course that requires minimal or no work experience. Not only does MIM help you develop good managerial skills, but also gives you a good head start in professional career by providing good networking and placement opportunities. The thriving economy and pro-immigration policies become an important factor in pursuing MIM from Canada. According to Payscale, MIM salary in Canada can range from CAD 45,000 to CAD 100,000.

MIM in Canada Highlights

Head

Details

Total number of MIM colleges in Canada

Approx. 30+ MIM Colleges

MIM in Canada Fees (1st Year Average of 31 Colleges)

INR 22 Lakhs

Top Specializations

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

Exams required

IELTS, TOEFL, PTE, GMAT or GRE

Top 10 MIM Colleges in Canada

Top 10 Colleges and Universities in Canada for Masters in Management, along with their QS World University Rankings and tuition fee are given in the table below:

University

Tuition Fee (1st Year)

QS World University Rankings 2022

University of Toronto

CAD 41,550

26

McGill University

CAD 54,990

27

The University of British Columbia

CAD 9,131

46

McMaster University

CAD 11,397

140

University of Waterloo

CAD 41,688

149

University of Calgary

CAD 22,774

235

Queen’s University

CAD 14,982

240

Dalhousie University

CAD 16,725

272

Simon Fraser University

CAD 46,400

298

University of Victoria

CAD 32,500

334

Top MIM Specializations in Canada

MIM students can choose a wide range of specialization, which depend on their academic and professional interests, and their intended career paths. Here are the specialization for Masters in Management in Canada:

General Business Administration

Economics

Accounting and Finance

Health Management

Human Resources Management

Supply Chain Management

International Business

International Economics and Finance

Marketing and Consumer Studies

Sustainable Leisure Management

Data Science and Business Analytics

Entrepreneurship & Innovation

Technology Management

Energy Management

MIM in Canada Cost

The cost of pursuing MIM in Canada is not only limited to the tuition fee. There are other expenses such as application fee, travel expenses, daily living expenses, and other miscellaneous charges that a student has to bear. We have given the details of average tuition fee and average living costs below. However, a student must note that the living costs will solely depend on the lifestyle of the person and on the area where he/she stays.

  • Average Tuition Fee (1st Year) based on an average of 31 colleges stands at INR 22 Lakhs
  • Average Living Cost for 1 year stands at INR 5.5 Lakh

(Source: studyabroad.shiksha.com)

MIM in Canada Student Visa

If you wish to pursue academic, professional, or vocational training at a university, college, or any other educational institution in Canada, you will need a student visa before entering Canada. This permit is issued to students upon their arrival in Canada. A student must apply for a Temporary Residence Visa that is issued by the Canadian High Commission and is facilitated by Visa Application Centers. The cost of Study Permit (including extensions) is CAD 150. In order to restore your status as a student, you have to pay CAD 350.

MIM in Canada: Eligibility Criteria

Students looking to pursue MIM in Canada are selected on the basis of their holistic profile and certain examination scores. The MIM in Canada requirements are mentioned below:

  • X and XII formal schooling
  • Bachelor’s degree from a recognized university
  • IELTS, TOEFL, or PTE scores
  • A valid GMAT or GRE score (required by certain universities such as the University of British Columbia)
  • Letters of Recommendation
  • Statement of Purpose
  • Work experience (some universities require a 12-24 month work experience)

Work Permit after Studying MIM in Canada

Getting a PGWP (Post-Graduation Work Permit) while studying in Canada depends on the course and the duration of that course. Duration of work under the PGWP is usually the same as that of the duration of the study program. The maximum length of the PGWP in Canada is 3 years. It means that if the duration of your post-graduate course is two years, you get a three-year PGWP visa. A postgraduate work permit cannot be issued for more than the duration of program. The duration of the course should be at least eight months for you to obtain a PGWP permit in Canada. In addition, international students are allowed to work for 20 hours on-campus or off-campus while pursuing their studies.

MIM Scholarships for Canada

Students who wish to pursue MIM in Canada can apply for various scholarships. A list of various scholarships has been mentioned on our website. Some of the scholarships are given below:

Top Recruiters for MIM in Canada

Canada has a buzzing economy and is home to some of the top multinational companies. The multi-cultural society and immigrant-friendly policies make Canada a worthwhile place to work after your education. The table below provides some of the top recruiters that have hired the students of the top 5 universities:

University

Top Recruiters

University of Toronto

Deloitte, EY, KPMG, PWC, BDO Canada, SF Partnership, Scotiabank, RBC, TD Waterhouse

The University of British Columbia

British Columbia Infrastructure Benefits, Inc., SAP, Jostle, Deloitte, TUEX Education, Porsche Consulting

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

University of Waterloo

Sun Life Financial, IBM, LinkedIn, Ontario Power Generation, Yelp, EY

MIM in Canada Jobs and Salaries (ROI)

The table given below provides information about the top MIM universities in Canada along with their first-year tuition fee and expected average salaries by degrees

University

Tuition Fee (1st Year)

Average Salaries by Degree

York University

CAD 47,373

CAD 61,512 (Human Resources)

McGill University

CAD 54,990

CAD 54,617 (Senior Accountant

University of Toronto

CAD 41,550

CAD 58,932 (Financial Analyst)

Concordia University

CAD 21,431

CAD 62,790 (Supply Chain Specialist)

University of Guelph

CAD 15,586

CAD 44,041 (Market Research Analyst)

MIM in Canada FAQs

Q. Is MIM from Canada worth it?

A. Canada has a thriving economy, high quality of life, general safety, and pro-immigration policies. The cost of pursuing MIM in Canada is comparatively less as compared to other countries such as the U.S.A. The universities offer a wide range of specializations and decent placement opportunities. Above factors, make Canada a lucrative destination for academics and work.

Q. What are some of the top universities in Canada that offer MIM and other related programs?

A. University of Toronto, The University of British Columbia, Memorial University of Newfoundland, McGill University, University of Calgary, University of Waterloo, McMaster University, University of Victoria, etc. are some of the top universities in Canada the offer MIM and other related programs.

Q. What are the admission requirements for pursuing MIM in Canada?

A. To gain admission in MIM in Canada, you must have completed formal schooling, must possess a bachelor’s degree from a recognized university, must provide English-proficiency test scores of IELTS/TOEFL/PTE, must possess a valid GMAT/GRE score (certain universities such as Queen’s University do not require a GMAT), Letters of Recommendation, Statement of Purpose, and work experience proofs (not required by every university).

Q. Do I need to submit GMAT or GRE scores for pursuing MIM in Canada?

A. Certain universities such as the University of British Columbia require a GMAT or a GRE score. However, certain other universities such as Lakehead University, York University, etc. do not require a GMAT or GRE score. It is advised that a student should the eligibility criteria and admissions requirements well in advance to avoid last-minute hassles.

Q. Do I need to submit Letter of Recommendation for pursuing MIM in Canada?

A. Universities usually require 2-3 Letters of Recommendation for admissions. Applicants must check the admission requirements and must consult their professors or employers for obtaining Letters of Recommendation.

Q. What are some of the best specialization in MIM in Canada?

A. Some of the popular specializations offered in MIM in Canada are Marketing, International Business, Finance and Accounting, Human Resource Management, Supply Chain Management, Entrepreneurship & Technology, Financial Innovation & Technology, etc.

Q. How much do I have to spend in order to pursue MIM in Canada?

A. The average tuition fee for first-year is around INR 22 Lakhs (based on an average of 31 universities) and the average living cost for one year is around INR 5.5 Lakhs. However, the student must not that the living costs will depend upon personal choices and the location. There are other charges as well, such as traveling charges, application fee, visa fee, etc. that a student has to bear.

Q. Are there any scholarships that can reduce my cost of pursing MIM in Canada?

A. Yes, there are scholarships with the help of which you can reduce your overall expenditure. Along with these scholarships, you can choose to work while studying. International students are allowed to work for 20 hours on-campus or off-campus while pursuing their studies

Q. Is student visa compulsory for studying in Canada? What it its cost?

A. Yes, a student visa is mandatory to study in Canada. The cost of Study Permit (including extensions) is CAD 150.

Q. What are some of the top companies that recruit the MIM graduates in Canada?

A. CIBC Mellon, Edge Point Wealth, Manulife Financial, Ontario Treasury Board, BMO, Scotia Bank, IG Wealth Management, Deloitte, EY, KPMG, PWC, BDO Canada, SF Partnership, RBC, TD Waterhouse, etc. are some of the top recruiters that have recruited the graduates of MIM and other related courses.

Q. When can I apply for a work permit after my MIM in Canada?

A. You are eligible to apply for a work permit after the completion of your course. A post-graduate work permit will not be issued for more than the duration of program. The duration of the course should be at least 8 months for obtaining a PGWP permit in Canada.

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