MBA in International Business in Canada: Colleges, Eligibility, Fees, Scholarships, Jobs

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

MBA in International Business in Canada is a 2-year full-time degree offered by a handful of Universities. Among these are York University and the University of Alberta, that rank among the top 150 business schools across the world, as per the QS MBA ranking for 2023. This specialization is majorly opted by MBA aspirants who wish to develop a global mindset and understand business management practices across the globe.

The basic eligibility for admission is similar to a traditional MBA in Canada admission with fees ranging from 28,847-112,250 CAD (17.4-68 lakhs INR). Canadian colleges offering MBA in International Business follow a similar curriculum. In the first-year fundamentals of business are a major concern and students get to choose international business as a specialization in the second year.

Support your education through scholarships for international students in Canada!

International business is considered one of the popular specializations for high-paying MBA jobs in Canada. Organizations hire MBA IB graduates to resolve intercultural issues and ensure smooth transaction of goods/services across international borders. Graduates with MBA in International Business in Canada earn an average salary of 84,000 CAD (51 lakhs INR) per annum. Some of the top companies recruiting graduates of MBA in International Business in Canada include Deloitte, Amazon, Rogers, and McCain.

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. 

Application Portal University Portal
Application Fees 135 CAD (8,144 INR)
Application Deadline March 1, 2023
Annual Tuition Fees  28,847 CAD (17 lakhs INR)
GMAT Requirement Minimum: 550 (50th percentile of GRE also accepted) Average: 605
% Required in Bachelors Minimum: 80% |  Average: 89%
Work Experience Requirement Minimum: 2 years | Average: 5 years
English Proficiency Requirement IELTS: 7.0
TOEFL (iBT): 100

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.

Application Portal University Portal
Application Fees 150 CAD (9,049 INR)
Application Deadline April 12, 2023
Annual Tuition Fees 112,250 CAD (68 lakhs INR)
GMAT Requirement Minimum: 550 (or 50th percentile in GRE in all sections) | Average: 660 (50th percentile in all sections)
% Required in Bachelors 74% - 76% in the last 2 years of study
Work Experience Requirement 2 years
English Proficiency Requirement IELTS: 7.0 (6.5 in each section);
TOEFL (iBT): 100 (23 in each section)

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.

Application Portal University Portal
Application Fees 100 CAD (6,033 INR)
Application Deadline March 1, 2023
Tuition Fees  37,375 CAD (22.54 lakhs INR)
GMAT Requirement 500 (or equivalent GRE)
% Required in Bachelors 70%
Work Experience Requirement 2 years
English Proficiency Requirement IELTS: 6.5 (6.0 in each section)
TOEFL (iBT): 80 (20 in each section)

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:

Expense Type Average Cost (CAD) Cost Equivalent (INR)
Accommodation 1,037 62,465
Food 290 17,471
Transport 107 6,446
Internet 80 4,819
Books and Supplies 163 9,818
Miscellaneous 310 18,673
MBA in International Business in Canada Fees

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 :

Scholarship University Amount (in INR)
Entrance Awards University of Alberta Up to 11 lakhs
Karl Funke Graduate Scholarship in International Business University of Alberta 60,000
Hong Kong Economic & Trade Office MBA Award in International Business University of Alberta 1.21 lakhs
Rolf Mirus Graduate Scholarship in International Business University of Alberta 60,000
Robert Krembil Scholarship of Merit York University 24.16 lakhs
Resource Capital Funds Scholarship York University 9.06 lakhs
FGSR - Graduate Scholarship Base Fund University of Regina 3.02 lakhs per year (for 2 years)

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:

MBA in International Business in Canada Scope
Job Roles Average Annual Salary (CAD) Average Annual Salary (in INR)
Project Manager 92,000 56 lakhs
Chief Operating Officer 149,000 89 lakhs
Product Manager 90,000 54 lakhs
Product Development Manager 139,000 83 lakhs
Business Development Manager 76,000 46 lakhs
Assistant Sales Manager 77,000 47 lakhs
Logistics Manager 67,000 40 lakhs
Logistics Coordinator 45,000 27 lakhs

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

Ques. What can I do with an MBA in International Business in Canada?

Ans. You can work for MNCs or organizations with having a client base in foreign countries with MBA in International Business in Canada. Some of the popular job roles are Project Manager, Chief, Operating Officer, Product Manager, Business Development Manager, Assistant Sales Manager, and Logistics Manager.

Ques. Which MBA is best in Canada?

Ans. MBA in Finance is considered to be one of the best specializations in Canada because of the high-paying jobs and more vacancies. However, MBA in International Business also has a scope as a result of globalization.

Ques. Is MBA in international business a good career?

Ans. MBA in International Business equips students with the ability to adapt towards changing global marketplace. Due to globalization, more MNCs are hiring such graduates. Hence, it is safe to say that MBA in International Business is a good career.

Ques. Which country is the best for MBA in International Business?

Ans. The USA and UK are considered to be the best countries for pursuing MBA in International Business since most of the MNCs have headquarters in these countries. Canada is considered to be the close third as 40% of this country’s goods and services are exported and to ensure smooth functioning, organizations hire international business managers.

Ques. Which university is best in MBA International Business in Canada?

Ans. 3 universities namely, York University, University of Alberta, and the University of Regina offer MBA in International Business in Canada and are among the top universities in the world

Ques. How much does a graduate with an MBA in International Business degree in Canada earn?

Ans. The average salary of students with an MBA in International Business degree in Canada is 84,000 CAD (51 lakhs INR) per annum. This can go as high as 101,000 CAD (61 lakhs INR) per annum.

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