Master’s in Commerce in Canada is a 1-2 year program offered across the top universities in Canada. The program is available across a variety of disciplines in Commerce, International Business, Management and related fields. Applicants ideally need an overall GPA of 3.0 (83-86%) or B+ (75%) average in last 2 years of undergraduate education for MS in Commerce in Canada. International applicants must display a minimum IELTS score of 6.5 or 7 as proof of English proficiency for admission to the program.
The average cost of Master’s in Commerce in Canada is around 30,000 to 45,000 CAD (18-25 lakhs INR) for the entire course. You can get this expense covered through a plethora of scholarships in Canada for international students. It is one of the leading postgraduate courses in Canada for Commerce students, with average salary of 60,000 CAD per annum (36.32 lakhs INR) after graduation. Master’s in Commerce graduates from Canadian universities are employed by recruiters like Ford, Accenture, GSK, Adobe, Citi Canada and numerous others.
Check: Jobs After MS in Canada for International Students
Highlights
| Degree Types | MS in Management, Master of International Business, Master of Supply Chain Management and Logistics etc. |
| Course Duration | 1-2 years |
| Program Type | Full time |
| Entry Terms | Fall, Spring and Summer |
| Admission Requirements | Three or four year undergraduate degree, 75% average in last two years of study,Academic and professional LORs,Statement of Intent, |
| GMAT Score | 550 or 600 |
| GRE Score | Verbal: 155 Quants: 155 |
| English Proficiency Test Score | IELTS score: Minimum 6.5 to 7.5 or equivalent |
| Tuition Fee Range | 27,540 to 84,100 CAD (16.69 to 50.97 lakhs INR) |
| Graduate Salary | 60,000 CAD per annum (36.32 lakhs INR) |
| Top Employers | Citi Canada, Ford, Accenture, GSK, Adobe |
Top Universities for Masters in Commerce in Canada
Universities in Canada offer a variety of Master’s programs centered around Commerce. A list of some of the top universities in Canada offering MS in Commerce and related courses is provided below:
| University | Program | Application Deadline |
|---|---|---|
| Western University | MS in Management | January 23 |
| University of Manitoba | Master of Supply Chain Management and Logistics | Fall (September): March 1 |
| Saint Mary’s University | MS in Technology Entrepreneurship and Innovation | April 1 |
| The University of British Columbia | Master of Management | Round 1: October 11, 2022 (closed) Round 2: January 10, 2023 Final Round: March 14, 2023 |
| Wilfrid Laurier University | MS in Management | First consideration: January 15, 2023 Regular International Deadline: April 30, 2023 |
| Queen’s University | Master of International Business | January 9, 2023 |
| York University | Master in Business Analytics | Round 1: August 3, 2022 Round 2: September 21, 2022 Round 3: November 23, 2022 |
Why Study Masters in Commerce in Canada?
- Canada is home to several universities ranked among the top 100 in the world, according to ranking agencies like THE, QS and others. The rich quality of education available in Canada is unmatched.
- Universities in Canada offer a diverse range of courses in Commerce and related fields. Most of these programs are career oriented, preparing students for professional life.
- Students get the opportunity to work with leading scholars and utilize the cutting edge research opportunities.
- Universities in Canada demonstrate high return on investment. Canadian universities have a comparatively low cost of studying the same program as compared to USA or UK. Yet, Master of Commerce graduates in Canada earn an average salary of 60,000 CAD per annum according to Payscale.
- According to The World Bank, Canada has continuously experienced GDP growth since 2020. This indicates increase in employment across business sectors and rise in annual income after graduation.
Masters in Commerce in Canada Admissions
Admission to master’s in Commerce is available in the top universities in Canada in the academic terms of Fall, Spring and Summer. The admission process for Master’s in Commerce involves application submission, offer acceptance, admission and future procedures. The details of the admission process, including application requirements, language proficiency requirements are provided below.
Masters in Commerce in Canada Admission Requirements
A list of the leading universities offering master courses in canada for commerce students and their admission requirements are as follows:
| University | Degree Requirements | SOP/LOR/Resume | Required GMAT score | Minimum IELTS Score |
|---|---|---|---|---|
| Western University | UG degree within past 2 years, 77-79% average in last 2 years | 1 academic and 1 professional LOR, professional resume | 600 or higher | 7 |
| University of Manitoba | Three year bachelor’s degree from a recognized institute, 3.0 GPA on a 4.5 scale (65-70%) | - | 550 or 60th percentile in GRE | 6.5 |
| Saint Mary’s University | Undergraduate degree or equivalent, B average (3.0 GPA or 83-86%) in last 60 credit years | - | - | 6.5 overall with 6.0 in each section |
| The University of British Columbia | Three or four years bachelor’s degree or equivalent, B+ average (75%), mailed transcripts, degree certificates, and translations | 2 LORs, a maximum of 2 years of work experience | 550 with minimum 50th percentile in quantitative and verbal sections,GRE score of 155 in verbal and quants,(GMAT score of 650 or GRE score of 320+ is recommended) | 7.0 overall |
| Wilfrid Laurier University | Undergraduate honour’s degree in business or related field, B+ average (75%) | Completed statement of intent, resume including academic and professional experience, sample of scholarly writing (10-20 pages), 2 academic LORs | GMAT score: 650 or GRE score: 305 | 6.5 with 6.0 in each band |
| Queen’s University | Bachelor’s in any discipline from an accredited institute, B+ average (75%) | - | GMAT score: 600 orGRE: 315(waivable with B+ average or 75% in last 2 academic years) | 6.5 with 6.0 band score |
| York University | Four year bachelor’s degree or equivalent, at least B+ average (75%) in last 2 years | 2 written essays, 1 timed written essay, 2 video essay, updated resume, 2 LOR | Not required | 7.0 with 6.5 in each band or equivalent |
Masters in Commerce in Canada Fees
Tuition cost for Master’s in Commerce programs in Canada ranges between 27,540 to 84,100 CAD (16.69 to 50.97 lakhs INR) across different universities. The tuition fees at the top universities in Canada for Master’s degree in Commerce are tabulated below:
| University | Tuition Fees (CAD) | Fee Equivalent (INR) |
|---|---|---|
| Western University | 72,000 | 43.63 lakhs |
| University of Manitoba | 41,500 | 25.14 lakhs |
| Saint Mary’s University | 38,600 | 23.38 lakhs |
| The University of British Columbia | 52,641 | 31.89 lakhs |
| Wilfrid Laurier University | 27,540 | 16.68 lakhs |
| Queen’s University | 55,975 | 33.91 lakhs |
| York University | 84,100 | 50.96 lakhs |
Cost of Living in Canada
As an international student, you can expect to spend between 2 to 4 lakhs INR per year as the cost of living. This includes accommodation, food, health insurance, travel and personal expenses. The estimated cost of living in Canada for an international student is provided in the table below:
| Expense Type | Average Annual Expense (CAD) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 1,000 to 2,500 | 60,000 to 1.5 lakhs |
| Food | 1,200 | 1,00,000 |
| Transportation | 100 | 6,050 |
| Health Insurance | 40-45 | 2,400 to 2,700 |
| Miscellaneous Expenses | 1000 | 60,500 |
| Total | 3,340 to 4,845 | 2.02 to 4 lakhs |
Explore: Student Accommodation in Canada
Masters in Commerce in Canada Scholarships
International students in financial need can avail a variety of scholarships in Canada to study Master’s in Commerce. A few of these popular scholarships in Canada for international students are as follows:
| Scholarship | Eligibility | Award Details |
|---|---|---|
| Western University Graduate Funding Support Package | Meritorious full time graduate students, research based Master’s or PhD students of Western University | 23,990 CAD (average) |
| University of Manitoba International Graduate Student Scholarship | International students in a 2 year full time program at University of Manitoba, GPA of 3.5/4 (86-89%), non recipient of any external award | International differential tuition fee amount |
| University of Manitoba Graduate Fellowship | Students of University of Manitoba with intellectual ability and academic accomplishment, recommendation from department | 14,000 CAD per year |
| Narotam Sekhsaria Scholarship | Graduation from an accredited Indian university, high standards of education | Up to 20 lakhs INR |
| Durland Scholarships in Graduate Research | Saint Mary’s University students performing graduate research, new and renewing students | 10,000 CAD for master’s programs |
Masters in Commerce in Canada Placements
The popular professions pursued by Master’s in Commerce graduates in Canada and their average salary according to Payscale is provided below:
| Profession | Average Salary (CAD) | Equivalent Salary (INR) |
|---|---|---|
| Operations Administrator | 38,000 | 22.91 lakhs |
| Digital Marketing Specialist | 44,000 | 26.52 lakhs |
| Junior Accountant | 46,000 | 27.73 lakhs |
| Intermediate Accountant | 47,000 | 28.33 lakhs |
| Accounting Analyst | 54,000 | 32.55 lakhs |
| Senior Accountant | 59,000 | 35.57 lakhs |
| Event Manager | 59,000 | 35.57 lakhs |
| Payroll & Benefits Manager | 74,000 | 44.61 lakhs |
| Digital Marketing Manager | 79,456 | 47.90 lakhs |
Check: High Paying Jobs in Canada
Masters in Commerce in Canada Return on Investment
International students get a variable return on investment for Master’s in Commerce in Canada. Some universities have high tuition costs while others have comparatively lower tuition expenses. It is hard on students pursuing education with loans to sustain in Canada while repaying debts. Following are some of the popular universities for Master’s in Commerce in Canada, their total tuition fees and average salary per year:
| University | Total Tuition Fee (CAD) | Average Annual Salary (CAD) |
|---|---|---|
| York University | 84,100 | 59,000 |
| The University of British Columbia | 52,641 | 65,000 |
| Western University | 72,000 | 60,000 |
| University of Manitoba | 41,500 | 62,000 |
| Queen’s University | 55,975 | 65,000 |
| Wilfrid Laurier University | 27,540 | 57,000 |
Within 1 or 2 years of employment, students annually earn more than the total cost of attendance for the program. A graphical representation of the ROI after Master’s in Commerce in Canada is provided below:
Masters in Commerce in Canada Specializations
International students interested to pursue Master’s in Commerce in Canada can choose from a variety of fields and combinations. Some of the popular specializations in Canada across Commerce disciplines include:
- Economics
- Mathematics
- Business
- International Business
- Management
- Accounting
- Marketing
- Finance
- Supply Chain Management
- Human Resource Management
Read More:
| Masters in International Business in Canada | MBA in Marketing in Canada |
| Masters in Human Resource Management in Canada | Masters in Finance in Canada |
You can pursue a Master's in Commerce in Canada with a related degree from a recognized institution of your home country. Master’s in Commerce in Canada is quite beneficial to get hands-on experience along with academic curriculum. With justified academic expenses and good return on investment, choosing MS in Commerce in Canada is advantageous in all respects.
FAQs
Ques. Can I do Master’s in Commerce in Canada?
Ans. Yes. International students can pursue Master’s in Commerce in Canada with specializations around a variety of courses. You can choose from Marketing, Finance, Supply Chain Management, International Business, Management, Accounting, Finance and several other disciplines.
Ques. Which Master’s degree is best for Commerce students in Canada?
Ans. With an MBA in Canada, you can secure some of the highest paying professions. The average salary of MBA graduates in Canada is around 84,000 CAD per annum according to payscale. Master’s in Finance, Master’s in Management, and Master’s in International Business in Canada are some other high paying degrees.
Ques. Can Master’s in Commerce students in Canada secure jobs?
Ans. Master’s in Commerce graduates in Canada work across a diverse range of professions in some of the leading companies. The top employers include Adobe, Accenture, GSK, Ford, Citi Canada among various others.
Ques. Which Commerce courses in Canada are best for PR?
Ans. International students with any Master’s degree in Commerce from Canada can secure the Permanent Residence upon submission of required documents. You will need a proof of finance availability, details of employment, passport, photograph, and related documents to apply for Permanent Residency in Canada.
Ques. How much is the cost of Master’s in Commerce in Canada?
Ans. You can expect to spend anywhere between 27,540 to 84,100 CAD (16.69 to 50.97 lakhs INR) as total tuition fee for Master’s in Commerce in Canada. You should estimate an additional 2 to 4 lakhs INR per year as the cost of living in Canada
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