The average salary after MBA in Canada is 63,853 CAD per year. The starting MBA salary is around 51,946 CAD per year for freshers in Canada. Graduates with Co-op MBA programs or internship experience get annual salary packages of 85,000 CAD. Western University, University of Toronto, HEC Montreal are among the high-paying Universities in terms of MBA salaries in Canada and ROI. Check: MBA fees in Canada colleges
Highest Paying Universities for MBA Jobs in Canada
| University Name | Average MBA Salary in Canada in CAD* | Average MBA Salary in Canada in INR |
|---|---|---|
| University of Toronto | 123,438 CAD | 75.52 lakhs INR |
| Western University | 122,525 CAD | 74.96 lakhs INR |
| HEC Montreal | 99,844 CAD | 61.28 lakhs INR |
| Saint Mary’s University | 99,844 CAD | 61.28 lakhs INR |
| Queen’s University | 97,696 CAD | 60 lakhs INR |
| McGill University | 94,000 CAD | 57.49 lakhs INR |
| Concordia University | 89,815 CAD | 55.16 lakhs INR |
| University of British Columbia | 87,999 CAD | 54.01 lakhs INR |
| University of Alberta | 79,559 CAD | 48.83 lakhs INR |
| York University | 60,852 CAD | 37.23 lakhs |
*as per Payscale
MBA Salary in Canada- By Courses
Executive MBA in Canada is the highest-paying MBA in Canada, designed specifically for working professionals. After this, graduates with MBA in Finance are most in-demand in Canada and are offered an average salary of 110,967 CAD per year. As per Jobbanks.ca, MBA jobs in Canada are projected to grow up to 140,000 vacancies by
Also Check: Rising job Vacancies in Canada
Mentioned below are some of the job roles available after an MBA in Canada along with their average salaries:
| Course | Job Role | Average Annual Salary (CAD) |
|---|---|---|
| MBA Finance Salary in Canada | Finance and Control Manager | 84,005 CAD |
| General Manager | 75,915 CAD | |
| Project Manager | 160,795 CAD | |
| Business Analyst (IT) | 151,987 CAD | |
| MBA Operations Salary in Canada | Facility Operations Manager | 96,673 CAD |
| Operations Supervisor | 55,639 CAD | |
| Operations Officer-Administration | 59,504 CAD | |
| MBA Marketing Salary in Canada | Marketing Manager | 65,675 CAD |
| Manager-Sales and Marketing | 87,414 CAD | |
| Marketing Coordinator | 66,487 CAD | |
| Marketing Analyst | 87,449 CAD | |
| MBA HR Salary in Canada | Human Resource Manager | 72,694 CAD |
| Senior Human Resources Manager | 137,057 CAD | |
| HR Coordinator | 48,896 CAD | |
| Human Resources Director | 127,074 CAD | |
| Human Resources Coordinator | 64,923 CAD | |
| MBA International Business Salary in Canada | Administrative Manager | 80,871 CAD |
| Business Consultant | 73,212 CAD | |
| Business Management Consultant | 97,561 CAD | |
| Consultant, Business | 77,406 CAD | |
| Business Development Officer | 59,033 CAD |
Highest Paying Recruiters for MBA Jobs in Canada
As per the Business Development Bank of Canada, 90% of the exporting companies of Canada have less than 100 employees. Also, more than 55% of the organizations in Canada have less than 4 employees out of 1.1 million SMEs. Hence, unlike MBA in USA, graduates of this country have more chances of getting a job in small and medium-sized firms instead of MNCs.
Here is a list of the top employers for MBA salaries in Canada along with the average salary they offer.
| Employer | Average Annual Salary (CAD) | Average Annual Salary (INR) |
|---|---|---|
| Goldman Sachs | 90,865 CAD | 55.73 lakhs |
| Amazon | 142,200 CAD | 87.17 lakhs |
| HSBC | 105,693 CAD | 64.79 lakhs |
| RBC Asset Management | 114,340 CAD | 70.09 lakhs |
| KPMG, LLP | 138,157 CAD | 84.68 lakhs |
| EY | 55,276 CAD | 33.88 lakhs |
| TD Canada | 78,329 CAD | 48.01 lakhs |
| Canadian Imperial Bank of Commerce | 97,715 CAD | 59.91 lakhs |
| Thomas Reuters | 137,626 CAD | 84.38 lakhs |
| Rogers Group Inc | 70,368 CAD | 43.13 lakhs |
Post Graduation Work Permit for MBA Jobs in Canada (PGWP)
The Canadian Government allows international students to apply for a Post Graduate Work Permit (PWGP) within 180 days of graduating from college. The PGWP allows foreign nationals to reside and legally work in Canada for a maximum period of 3 years.
Eligibility Criteria:
- The applicant should have a valid Canadian study permit and visa.
- The applicant should be graduating from a Canadian institute with a degree/diploma or certificate.
- The applicant should have been enrolled full time and the duration of study should not be less than 8 months.
Pursuing an MBA from a Canadian institute is a lucrative career opportunity, especially considering it’s welcoming policy towards foreign citizens and the growing job market. Students should focus on building professional connections and gaining industry experience in order to qualify for better MBA jobs in Canada.
FAQ’s
Ques. How to get a job in Canada after MBA?
Ans. Students can apply for MBA jobs in Canada through online job portals like LinkedIn, Glassdoor, Indeed, etc. Students can also connect with employers via career fairs, university placement programs, and online portals.
Ques. How much salary does an MBA graduate earn in Canada?
Ans. On average, MBA graduates earn 133,003 CAD per year. However the average salary of an MBA in Canada graduate may depend on the province they find a job in, the specialization of MBA they have pursued, work experience, and so on.
Ques. Which MBA is in demand in Canada?
Ans. Some of the most sought-after MBA specializations in Canada include IT/ Systems, Accounting, Finance, General Management, and Human Resources.
Ques. What scope does an MBA graduate have in the future in Canada?
Ans. After completing an MBA degree in Canada, graduates may look for jobs in tech companies, SMEs, financial services firms, and consulting companies. The ROI of top MBA colleges in Canada is quite high. The tuition fee of Western University is 22.39 Lakhs, whereas, the average ROI is 66.38 lakhs.
Ques. Is MBA valuable in Canada?
Ans. MBA in Canada is quite valuable for students because of its high rate of return on investment. In the year 2019, the average MBA in Canada graduate earned a base salary of just around 79.96 lakhs which is higher than comparative salaries in France, Australia, and the UK.
Ques. Do Indians get job after MBA in Canada?
Ans. Yes, Indians can apply to various kinds of jobs after MBA in Canada affording to their specialization and job preference.
Ques. Which are the best places in Canada for job after MBA?
Ans. MBA Salary in Canada for graduates studying in Canada varies according to their region of preference. Professionals looking for employment in metropolitan areas such as Vancouver, Montreal, Toronto, etc. can expect significantly higher salaries as compared to more rural districts.
Ques. Which Industries employ MBA alumni in Canada?
Ans. The most popular job sectors for MBA jobs in Canada are Finance, Consulting. Tabulated below are the most in-demand MBA specializations in Canada along with the job vanacnies and Job seekers from 2019-2028 as per jobbank.gc.ca/
| MBA specialization in Canada | Job Vacancies | Job Seekers |
|---|---|---|
| MBA International Business | 22,300 | 22,500 |
| MBA Human Resources | 49,000 | 49,400 |
| MBA Marketing | 19,400 | 19,900 |
| MBA Operations | 16,500 | 16,800 |
| MBA Finance | 22,300 | 21,700 |
Ques. Which are the highest-paying sectors after MBA in Canada?
Ans. The highest paying MBA specializations is MBA Operations with the average salary of 125,576 CAD, followed by MBA finance with average salary of 110,967 CAD. Other top MBA sepcialisation with high salaries are MBA in Information Technology and Human Resource (HR). It is important to note that the average salary after an MBA in Canada depends upon the university and program of the student.
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