MIM in Canada: Universities, Scholarships, Eligibility & Job Opportunities

Updated on: 16 Sep 2023

 

Masters in Management in Canada is a two-year program designed for individuals who are interested in developing their leadership and management skills in a business setting. So what makes MIM in Canada a popular choice among international students:

• It is a flexible course in its requirements inviting students from diverse fields like economics, engineering, finance, and more.
• Compared to MBA in Canada, MIM programs are less expensive with a relatively high return on investment. The average fee for MIM courses is CAD 30,000 whereas that for MBA is CAD 50,000.
• In contrast to an MBA, which calls for at least two to three years of professional experience, the master's in management program in Canada requires no or minimum work experience. It is therefore a fantastic option for fresh graduates who are just starting their professional careers.
   

Top universities for MIM in Canada

Eligibility criteria to study MIM in Canada

The eligibility criteria for MIM in Canada varies across universities. Some basic requirements by top universities are:

• Undergraduate degree: A three or four-year bachelor's degree from an authorized university with CGPA 3.0 out of 4.0 or B+ average or equivalent
• GMAT or GRE score: Although not a mandatory requirement by all universities, standardized scores are generally preferred to make your application stand out.
• Language requirements: English proficiency examinations are required for all international students seeking admission to Canadian universities. Minimum test scores are as follows:
  • TOEFL: 85 - 100
  • IELTS: 6.5 - 7.0
• Quantitative proficiency: Some institutes like the Rotman School of Management also require you to have quantitative and computational proficiency.
• Work experience: MIM does not necessarily require you to have work experience, however, having an experience of 1-2 years may be an added advantage.
• Admission Interviews: Some universities may send you interview invites as a part of the admission process.

Class Profile of Top MIM Universities in Canada

The academic background of students enrolling in MIM programs in Canada is diverse, with students holding degrees in disciplines such as economics, engineering, finance, mathematics, science, and environmental studies from universities around the world. It's worth noting that the statistics provided below are only averages and may vary from year to year.

Admission to these b-schools in Canada is highly competitive and meeting the minimum requirements does not guarantee acceptance. Although you are now aware of the best business schools, each university has its own distinct features. Join the GyanDhan community to know more about the value of the business school you are considering by connecting with prospective students, alumni, and university representatives.

Documents required to apply for MIM in Canada

Admission to MIM colleges in Canada necessitates the submission of a number of documents. Some of the most common documents required are

• Academic Transcripts
• Resume, preferably one page
• Two Letters of Recommendation along with contact information of the referees
• Statement of Purpose or a personal statement or essay (as required)
• IELTS / TOEFL scorecard
• GMAT / GRE scorecard (not compulsory)
   

Make sure that the documents are uploaded in the desired format and size.

Admission process for MIM in Canada

While shortlisting universities for MIM in Canada, make sure to thoroughly evaluate the value offered by your targeted universities.

Let us know the approach to applying for MIM universities in Canada:

• After finalizing the university you wish to study at, visit the university's official website and gather all information on eligibility and the selection criteria.
• Submit scanned copies of all relevant documents (transcripts, resume, IELTS/TOEFL, GMAT/GRE scorecards).
• Fill out the application form and submit it by paying the application fee, which generally ranges from CAD 100 to CAD 200.
• You will receive the conditional offer letter once you have completed all of the requirements. The letter serves as a confirmation of your selection, following which you may reserve your seat at the specific university.
• Pay your deposit by agreeing to the university's terms and conditions. The security deposit is non-refundable.

Suggested Read: All you need to know about MS in Canada

Scholarships by MIM universities in Canada

There are numerous scholarships for international students in Canada. Some such scholarships for MIM in Canada have been discussed below:

Rotman School of Management

Haskayne School of Business Master of Management Entrance Scholarship

Sauder Business School

If you are unable to get a scholarship, an education loan is another option to finance your MIM degree in Canada. These loans can help cover your tuition fees, accommodation, and other expenses associated with studying in Canada. Check your loan eligibility at GyanDhan and find the best-suited education loan for you, the faster and smart way.

ROI of MIM programs in Canada

The Return on Investment (ROI) of a Master in Management program in Canada can vary depending on several factors, such as the university, program duration, tuition fees, career goals, and the job market.

According to the 2022 QS MIM rankings, graduates of MIM programs in Canada can expect an average starting salary of around CAD 60,000 to CAD 80,000, depending on the university and the industry. This is relatively high compared to the average starting salaries of bachelor's degree holders in Canada, which is around CAD 50,000.

Must Read: Average cost of living in Canada for international students

Job opportunities after MIM in Canada

Many universities offer co-op, internship, and part-time work opportunities in Canada that allow students to gain practical experience while studying, which can enhance their resumes and make them more attractive to potential employers after graduation. Some popular job options after MIM in Canada include

• Management consultant
• Marketing manager
• Financial analyst
• Research Analyst
• Operations manager
• Business development manager
• Project manager
• Assistant Manager

Top Recruiters for MIM in Canada

It's important to leverage the resources provided by your university's career advancement center, which can help you with job search strategies, resume writing, and interview preparation.

Studying MIM in Canada can be a great opportunity for students seeking to advance their knowledge and skills in the field of management. By now you must have a lot of queries, book a 30-minute free counseling session with GyanDhan experts and get them addressed the right way!

Frequently asked questions

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First published date: 18 Mar 2023