Masters in Business Analytics in Canada: Top Universities, Admission Process, Tuition & Cost of Study, Scholarships, Job Prospects

Masters in Business Analytics in Canada: Top Universities, Admission Process, Tuition & Cost of Study, Scholarships, Job Prospects

Masters in Business Analytics in Canada is a one-two year program available as MBAN (masters in Business Analytics), MS in Business Analytics and an MBA with a specialization in Business Analytics. The average tuition fee of MS in Business Analytics in Canadian Colleges is around 20,000 to 50,000 CAD (36.81 Lakhs INR)

To secure admission in MS in Business Analytics in Canada, international applicants need a GPA of 3.0 (83-86%) and a GMAT score of 600 or above for top universities. The course focuses at intersecting technology and Business, providing analytical insights that help in achieving Business goals. Business Analytics courses in Canada open a wide range of job opportunities for its graduates. A postgraduate in Business Analytics from Canada can earn around 42.52 lakhs to 60.74 Lakhs INR/year.

Highlights

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 Recruiters 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)/year

Top Universities Offering Masters in Business Analytics in Canada

Masters in Business Analytics are available in some top-ranking Canadian universities and Business colleges. International applicants are suggested to apply for the fall term for most of the universities. Application deadlines for MS in Business Analytics in Canada are discussed: :

University/College Program Admission Deadlines
UBC Sauder School of Business Masters of Science in Business Analytics Round 3: March 14, 2023
Final Round: April 25, 2023
York Schulich School of Business Masters of Business Analytics November 25, 2022 (closed)
University of Alberta MBA Business Analytics Fall 2023: April 1, 2023
Winter 2023: September 1, 2023
Western Ivey Business School MS in Management Business Analytics Round 4: March 7, 2023
HEC University MS in Data Science and Business Analytics | MS in Management - Data Science and Business Analytics Round 3: March 1, 2023
Round 4: April 19, 2023
McMaster DeGroote School of Business MBA Business Analytics Round 3: February 28, 2023
Carleton University MS Business Analytics (collaborative masters) Fall: March 1, 2023

To know more about Business Analytics Colleges in Canada, Click here!

Why Pursue Masters in Business Analytics in Canada

Some of the main reasons to pursue Masters in Business Analytics in Canada are listed below,

  • 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, 2022.
  • 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.

Planning to study in Canada? Here is the step-by-step Guide to study in Canada

MS in Business Analytics Course Description

Masters in Business Analytics is a one-two year program available to graduates of Computer Science, Data Analytics, or students with a background in statistical mathematics. The core subjects offered include Big Data Analytics, Predictive Modelling, Supply Chain Analytics, Data Visualisation, Energy Analytics, and Programming for Analytics. Customer Analytics, Operations Analytics, People Analytics, and Accounting Analytics are other specializations available within the MBA program.

Masters in Business Analytics in Canada Admission Process

International applicants who wish to study in Canada are required to fulfil some general criteria for admissions. However, the admissions process in master’s programs in Canada varies from institution to institution. The details of the admissions process are briefed in the sections below:

Admission Requirements in Canada for MS in Business Analytics:

The general eligibility criteria for admission in Business Analytics courses in Canada are given below:

  • Candidates should have a bachelor's degree, preferably a 4 year degree with mandatory subjects like Statistics, Algebra and Calculus
  • Hands-on 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 letter grade as B or above.

Documents Required for MS in Business Analytics in Canada:

Applicants for master’s programs are required to submit various documents along with their application. The details for the documents required for admission in Masters in Business Analytics in Canada are listed below:

  • Transcripts: Certificates, mark sheets, and other documents from previous institutions must be submitted. Some universities ask applicants to submit original transcripts. However, some universities ask applicants to submit certified original copies of the transcripts.
  • Letter of Recommendation
  • Resume/CV
  • Statement of intent
  • Personal essays
  • English Language Proficiency Score
    • IELTS: 7.0
    • TOEFL iBT: 100

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Masters in Business Analytics in Canada Costs

International applicants planning to study in Canada are required to have minimum funds for supporting their studies for the first year. The costs of studying for international students can be widely distributed into three categories. These are pre-arrival costs, cost of study, and cost of living. The cost of studying or the tuition fee Masters in Business Analytics in Canada varies among different universities.

Tuition Fees of MS in Business Analytics in Canada

Tuition fees for pursuing Masters in Business Analytics from top Canadian universities are listed below:

University Program Fee (CAD) (approx) Program Fee (INR)
UBC Sauder School of Business 62,658 38.06 lakhs
York Schulich School of Business 84,100 51.09 lakhs
University of Alberta 54,000 32.9 lakhs
Western Ivey Business School 51,600 31.34 lakhs
HEC University 34,100 20.71 lakhs
Carleton University 31,117 18.90 lakhs
Desautels Faculty of Management 57,600 34.99 lakhs
DeGroote School of Business 20,662 12.55 lakhs

NOTE: Applicants must ensure that they visit the official tuition fees pages for the program and university they opt for.

Cost of Living in Canada

International students in Canada spend a large sum of amount while studying on expenses other than tuition. The expenses include the cost of living in Canada, books & materials, transportation, etc. The table given below suggests an average of minimum expenses required for studying in that specific university:

University Minimum Cost of Living (CAD) Minimum 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

Masters in Business Analytics in Canada Scholarships

International applicants enrolled in MBAN and MBA with Business Analytics specialisations are offered various scholarships. The amount of scholarship awards varies from

University Scholarship Amount Offered (CAD) (Approx)
University of British Columbia Asia Top Talent Scholarship International Talent Scholarship 5,000 - 10,200
University of Alberta* No specific scholarships available. NA
Carleton University Merit Scholarships 1000 - 12,300
York Schulich School of Business Merit-based Entrance Award and International Student Award Variable
Western Ivey Business School Merit-based Awards 20,500
HEC Montreal Entrance Scholarship Varies
McGill University Various Entrance Scholarships are available Scotiabank Fellowship 5,000 - 10,200
McMaster University Provost Entrance Scholarship The Woo Family International Entrance Scholarship 7,722 - 3,130

Worried about the expenses to Study in Canada? Watch the video below and know about top scholarships for Indian students 

Masters in Business Analytics in Canada Jobs

International applicants can work in Canada on a Canadian Work Permit. Some of the careers one can land in with MS in Business Analytics in Canada are listed below along with the median salaries offered. Some of the popular companies that hire students with a Masters in Business Analytics degree are Deloitte, CIBC, Air Canada, KPMG, etc.

Job Profile Median Salary (CAD/year) Median Salary (INR/year)
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 57,923 35.09 lakhs
Analytics Analyst 52,440 31.76 lakhs

Masters in Business Analytics: Comparison By College

Comparison of universities in Canada offering Masters in Business Analytics on the basis admission requirements:

University Application GPA Required GMAT/GRE ELP Requirements Work Experience
York Schulich School of Business 150 CAD Letter grade B+ GMAT: 680 IELTS: 7.0 | TOEFL: 100 Work Experience recommended
University of Alberta 135 CAD 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 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 Not Specified GMAT: 550 or equivalent GRE score IELTS: 6.5 | TOEFL: 86 2-year work experience
McMaster DeGroote School of Business 150 CAD A GPA of 8.0 on the scale of 12 GMAT: 600 IELTS: 7.0 | TOEFL: 100 Required

Masters in Business Analytics: Country Comparison

Parameters Masters in Business Analytics in Canada Masters in Business Analytics in USA
Duration 1-2 years 1-2 years
Average tuition fees 20,000 to 50,000 CAD 35,000 to 60,000 USD
Annual Cost of living  10,000 to 15,000 CAD 12,000 to 18,000 USD
Annual Average Salary 70,000 to 80,000 CAD 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
Scores of Exams accepted GRE, TOEFL, IELTS GRE, TOEFL, IELTS
Scores of English language proficiency tests Minimum 6.5 bands in IELTS, minimum 90 in TOEFL Minimum 6.5 bands in IELTS, minimum 90 in TOEFL

Also Check: MS in Business Analytics in USA

Masters in Business Analytics in Canada is a program gaining huge traction because of the increasing popularity of big data-related jobs. A rise in the number of applications received and applicants offered admissions is observed for popular universities like UBC.

With a postgraduate degree in Business Analytics students can land jobs in fields like financial services, retail, media, travel, healthcare, etc. With cushy median salaries of 50,000-70,000 USD at an entry level, MS in Business Analytics becomes a program of interest for students with a statistical mathematics background.

FAQs

Ques- What are some of the top universities in Canada to study Masters in Business Analytics?

Ans- Masters in Business Analytics in Canada is offered by some top ranking Canadian universities, like UBC Sauder School of Business, McGill University, McMaster University, York University, and others.

Ques- What is the cost of pursuing MS in Business Analytics in Canada for an Indian student?

Ans- The cost of studying MS in Business Analytics in Canada is around 9,00,000 to 10,00,000 INR.

Ques- How can I study MS In Business Analytics in Canada?

Ans- For studying MS Business Analytics, international applicants are required to fulfill all preliminary requirements. These include 4 years UG degree with B grade, taking standardized tests like GRE/GMAT, and submitting English language test scores- IELTS/TOEFL.

Ques- What are the minimum language proficiency scores required for admissions in MS in Business Analytics?

Ans- International applicants are required to have a minimum score of 7.0 on the IELTS and 100 on TOEFL.

Ques- What is the scope of Business Analytics in Canada?

Ans- Business Analytics is a rapidly growing field offering great opportunities to postgraduates from the same field. International students can work in sectors like market research analyst, management analyst, Business analyst, financial analyst, etc.

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