MBA in International Business in Canada: Fees 2023, Top Colleges, Placements & Salaries

Universities for MBA in International Business in Canada

Out of the 3 universities offering MBA in International Business, two of them rank among the top business schools of Canada, according to QS Ranking 2023. Students are required to have a 4-year undergraduate degree, a minimum of 2 years of work experience, and a GMAT score of 550 to apply to these 3 universities. Their course curriculum and admission process are discussed in detail as follows:

MBA in International Business at University of Alberta

University of Alberta offers 2 - a year full-time MBA in International Business. The first-year course curriculum is the same for everyone. You will get to choose international business as a specialization from the second year. 

Admission Requirements for University of Alberta MBA:

• 4-year bachelor's degree of any background (3-year also accepted with an applicant has a strong profile)
• 2 professional LORs
• 1 to 2-page Statement of Purpose for MBA in IB
• 2 rounds of interviews:
  • 1st round: Submission of a pre-recorded video having answers to 4 questions: 3 of them should be verbal and 1 could be written
  • 2nd round: One-on-one interview with admission committee through Skype

International MBA at York University

International MBA (IMBA) is a 2-year program offered by York University’s Schulich School of Business. The first-year degree is full-time whereas students have the option of choosing part-time classes in the second year. Language training sessions in English, French, Spanish, German, Mandarin, and Japanese are also provided by the university. Students also get to choose from 18 specializations of IMBA at York University in the second year of study.

Admission Requirement for York University MBA:

• 4-years bachelors degree (3-year accepted if work experience is more than minimum requirement)
• 2 written essays of 350 words,
• 1 written essay within the time limit of 5 minutes
• 2 video essays of 90 seconds based on questions asked by the university
• Updated Resume
• 2 professional LORs for MBA in IB

As the fees of York University’s MBA in international business are the highest, international applicants can opt from a pool of scholarships at York to fund their higher education. 

University of Regina MBA in International Business

A 2-year full-time MBA is offered by the University of Regina solely focused on international business specialization. Its curriculum includes six core modules of business fundamentals and 4 courses specific to IB.

Admission Requirements for University of Regina MBA:

• 4-year bachelor's degree in any field
• 2 LORs (confidential recommendation forms to be sent directly by referee to university)
• Resume
• Statement of Purpose

Note: Students having more than 75% in their bachelor's studies are not required to submit GRE/GMAT test scores.

Looking for MBA in International Business in Canada? Also, explore Masters in International Business in Canada. 

Cost of Study for MBA in International Business in Canada

All international students have to bear two types of cost for studying in an abroad university, pre-arrival cost, and post-arrival cost. Post-arrival cost includes tuition fees and cost of studying in Canada. Accommodation and tuition costs are the major expenses for international students in a foreign country. However, accommodation varies on the type of lifestyle and province you are living in.

Tuition fees of an MBA in International Business in Canada for an Indian student ranges between 28,847-112,250 CAD (17.4-68 lakhs INR). Amongst the three institutes, York charges the highest fee whereas the University of Alberta is the cheapest.

A breakdown of the cost of living in Canada for an international student is provided below:

MBA in International Business in Canada with Scholarships

Scholarships available for international students pursuing MBA in Canada can also be availed by those who choose international business as a specialization. University of Alberta and York University also offer a number of scholarships specific to this specialization. International students can also apply for external funding, awards by NGOs and the government to support their education financially.

Some scholarships offered in Canada for students of MBA in International Business are :

Wondering how to get a scholarship to study in Canada from India?
Watch the video below to find an answer to all your questions and clear your doubts:

MBA in International Business in Canada Scope

Approximately 45% of Canada's goods and services are exported to other countries. Most organizations face issues with the management of demands across borders. Hence, they hire graduates with MBA in International Business in Canada as they have the skills to compete in the constantly changing global marketplace. Their demand has risen significantly due to globalization.

A graduate with MBA in International Business in Canada earns an average salary of 84,000 CAD (51 lakhs INR) per annum. TD Financial Group, one of the top recruiters of this specialization, offers an annual pay grade of up to 101,000 CAD (61 lakhs INR). The other two high-paying recruiters are Otis Elevator Company and Thought Technology Ltd. offering an average annual salary of 65,000 CAD (40 lakhs INR) and 48,000 CAD (29 lakhs INR) respectively.

Some popular job roles in Canada for MBA in International Business graduates are as follows:

With globalization and advancement in technologies, many organizations have offices or client bases in other countries as well. Hence, they employ graduates with MBA in International Business to reduce cross-cultural differences and manage operations globally. 

FAQs