MIM in Canada: Top Universities, Fees, Ranking

MIM in Canada: As the global economy expands and economic boundaries get thinner, the relevance of MBA keeps on increasing. However, many Business Schools require a certain number of years of work experience for admissions. In such a scenario, MIM or Masters in Management becomes relevant since it provides a management course that requires minimal or no work experience. Not only does MIM help you develop good managerial skills, but also gives you a good head start in your professional career by providing good networking and placement opportunities. The thriving economy and pro-immigration policies become an important factors in pursuing MIM from Canada. According to Payscale, MIM's salary in Canada can range from CAD 45,000 to CAD 100,000.

MIM in Canada Highlights

Head	Details
Total number of MIM colleges in Canada	Approx. 30+ MIM Colleges
MIM in Canada Fees (1st Year Average of 31 Colleges)	INR 22 Lakhs
Top Specializations	General Business Administration, Accounting and Finance, Human Resources Management, Economics, Health Management, Supply Chain Management, International Business, Marketing and Consumer Studies, Sustainable Leisure Management, Data Science and Business Analytics, Entrepreneurship and Innovation, etc.
Exams required	IELTS, TOEFL, PTE, GMAT or GRE

Top 10 MIM Colleges in Canada

Top 10 Colleges and Universities in Canada for Masters in Management, along with their QS World University Rankings and tuition fees are given in the table below:

University	Tuition Fee (1st Year)	QS World University Rankings 2024
University of Toronto	CAD 41,550	21
McGill University	CAD 54,990	30
The University of British Columbia	CAD 9,131	34
University of Waterloo	CAD 41,688	112
University of Calgary	CAD 22,774	182
McMaster University	CAD 11,397	189
Queen’s University	CAD 14,982	209
Dalhousie University	CAD 16,725	298
Simon Fraser University	CAD 46,400	318
University of Victoria	CAD 32,500	322

Top MIM Specializations in Canada

MIM students can choose a wide range of specialization, which depend on their academic and professional interests, and their intended career paths. Here are the specialization for Masters in Management in Canada:

General Business Administration	Economics
Accounting and Finance	Health Management
Human Resources Management	Supply Chain Management
International Business	International Economics and Finance
Marketing and Consumer Studies	Sustainable Leisure Management
Data Science and Business Analytics	Entrepreneurship & Innovation
Technology Management	Energy Management

MIM in Canada Fees

The cost of pursuing MIM in Canada is not only limited to the tuition fee. There are other expenses such as application fee, travel expenses, daily living expenses, and other miscellaneous charges that a student has to bear. We have given the details of the average tuition fee and average living costs below. However, a student must note that the living costs will solely depend on the lifestyle of the person and on the area where he/she stays.

• Average Tuition Fee (1^st Year) based on an average of 31 colleges stands at INR 22 Lakhs
• Average Living Cost for 1 year stands at INR 5.5 Lakh

(Source: studyabroad.shiksha.com)

MIM in Canada Student Visa

If you wish to pursue academic, professional, or vocational training at a university, college, or any other educational institution in Canada, you will need a student visa before entering Canada. This permit is issued to students upon their arrival in Canada. A student must apply for a Temporary Residence Visa that is issued by the Canadian High Commission and is facilitated by Visa Application Centers. The cost of Study Permit (including extensions) is CAD 150. In order to restore your status as a student, you have to pay CAD 350.

MIM in Canada: Eligibility Criteria

Students looking to pursue MIM in Canada are selected on the basis of their holistic profile and certain examination scores. The MIM in Canada requirements are mentioned below:

• X and XII formal schooling
• Bachelor’s degree from a recognized university
• IELTS, TOEFL, or PTE scores
• A valid GMAT or GRE score (required by certain universities such as the University of British Columbia)
• Letters of Recommendation
• Statement of Purpose
• Work experience (some universities require a 12-24 month work experience)

Work Permit after Studying MIM in Canada

Getting a PGWP (Post-Graduation Work Permit) while studying in Canada depends on the course and the duration of that course. Duration of work under the PGWP is usually the same as that of the duration of the study program. The maximum length of the PGWP in Canada is 3 years. It means that if the duration of your post-graduate course is two years, you get a three-year PGWP visa. A postgraduate work permit cannot be issued for more than the duration of the program. The duration of the course should be at least eight months for you to obtain a PGWP permit in Canada. In addition, international students are allowed to work for 20 hours on-campus or off-campus while pursuing their studies.

MIM in Canada Scholarships

Students who wish to pursue MIM in Canada can apply for various scholarships. A list of various scholarships has been mentioned on our website. Some of the scholarships are given below:

• Ritchie-Jennings Memorial Scholarship: Maximum scholarship per student is USD 10,000
• QS Undergraduate Scholarship: Maximum scholarship per student is USD 5,000
• Narotam Sekhsaria’s Scholarships: This scholarship is applicable for Master’s Degree for all universities in USA, Canada, etc.
• Jared J. Davis Grant: Maximum scholarship per student is USD 1,000
• Ontario Graduate Scholarship- Other Master Programs: Maximum scholarship per students in CAD 5,000

Top Recruiters for MIM in Canada

Canada has a buzzing economy and is home to some of the top multinational companies. The multi-cultural society and immigrant-friendly policies make Canada a worthwhile place to work after your education. The table below provides some of the top recruiters that have hired the students of the top 5 universities:

University	Top Recruiters
University of Toronto	Deloitte, EY, KPMG, PWC, BDO Canada, SF Partnership, Scotiabank, RBC, TD Waterhouse
The University of British Columbia	British Columbia Infrastructure Benefits, Inc., SAP, Jostle, Deloitte, TUEX Education, Porsche Consulting
McGill University	PWC, SaniSource, Scotiabank, TD Bank Group, Ubisoft, Canalyst, CIBC, Citgo Group, Capital One, Sun Life Financial
McMaster University	CIBC Mellon, Edge Point Wealth, Manulife Financial, Ontario Treasury Board, BMO, Scotia Bank, IG Wealth Management
University of Waterloo	Sun Life Financial, IBM, LinkedIn, Ontario Power Generation, Yelp, EY

MIM in Canada Jobs and Salaries (ROI)

The table given below provides information about the top MIM universities in Canada along with their first-year tuition fee and expected average salaries by degrees

University	Tuition Fee (1st Year)	Average Salaries by Degree
York University	CAD 47,373	CAD 61,512 (Human Resources)
McGill University	CAD 54,990	CAD 54,617 (Senior Accountant
University of Toronto	CAD 41,550	CAD 58,932 (Financial Analyst)
Concordia University	CAD 21,431	CAD 62,790 (Supply Chain Specialist)
University of Guelph	CAD 15,586	CAD 44,041 (Market Research Analyst)

Q. Is MIM from Canada worth it?

A. Canada has a thriving economy, high quality of life, general safety, and pro-immigration policies. The cost of pursuing MIM in Canada is comparatively less as compared to other countries such as the U.S.A. The universities offer a wide range of specializations and decent placement opportunities. The above factors, make Canada a lucrative destination for academics and work.

Q. What are some of the top universities in Canada that offer MIM and other related programs?

A. The University of Toronto, The University of British Columbia, Memorial University of Newfoundland, McGill University, the University of Calgary, the University of Waterloo, McMaster University, the University of Victoria, etc. are some of the top universities in Canada the offer MIM and other related programs.

Q. What are the admission requirements for pursuing MIM in Canada?

A. To gain admission in MIM in Canada, you must have completed formal schooling, must possess a bachelor’s degree from a recognized university, must provide English-proficiency test scores of IELTS/TOEFL/PTE, must possess a valid GMAT/GRE score (certain universities such as Queen’s University do not require a GMAT), Letters of Recommendation, Statement of Purpose, and work experience proofs (not required by every university).

Q. Do I need to submit GMAT or GRE scores for pursuing MIM in Canada?

A. Certain universities such as the University of British Columbia require a GMAT or a GRE score. However, certain other universities such as Lakehead University, York University, etc. do not require a GMAT or GRE score. It is advised that a student should the eligibility criteria and admissions requirements well in advance to avoid last-minute hassles.

Q. Do I need to submit a Letter of Recommendation for pursuing MIM in Canada?

A. Universities usually require 2-3 Letters of Recommendation for admissions. Applicants must check the admission requirements and must consult their professors or employers for obtaining Letters of Recommendation.

Q. What are some of the best specializations in MIM in Canada?

A. Some of the popular specializations offered in MIM in Canada are Marketing, International Business, Finance and Accounting, Human Resource Management, Supply Chain Management, Entrepreneurship & Technology, Financial Innovation & Technology, etc.

Q. How much do I have to spend in order to pursue MIM in Canada?

A. The average tuition fee for a first-year is around INR 22 Lakhs (based on an average of 31 universities) and the average living cost for one year is around INR 5.5 Lakhs. However, the student must not that the living costs will depend upon personal choices and the location. There are other charges as well, such as travelling charges, application fees, visa fees, etc. that a student has to bear.

Q. Are there any scholarships that can reduce my cost of pursuing MIM in Canada?

A. Yes, there are scholarships with the help of which you can reduce your overall expenditure. Along with these scholarships, you can choose to work while studying. International students are allowed to work for 20 hours on-campus or off-campus while pursuing their studies

Q. Is student visa compulsory for studying in Canada? What is its cost?

A. Yes, a student visa is mandatory to study in Canada. The cost of the Study Permit (including extensions) is CAD 150.

Q. What are some of the top companies that recruit MIM graduates in Canada?

A. CIBC Mellon, Edge Point Wealth, Manulife Financial, Ontario Treasury Board, BMO, Scotia Bank, IG Wealth Management, Deloitte, EY, KPMG, PWC, BDO Canada, SF Partnership, RBC, TD Waterhouse, etc. are some of the top recruiters that have recruited the graduates of MIM and other related courses.

Q. When can I apply for a work permit after my MIM in Canada?

A. You are eligible to apply for a work permit after the completion of your course. A post-graduate work permit will not be issued for more than the duration of the MIM program in Canada. The duration of the course should be at least 8 months for obtaining a PGWP permit in Canada.

Struggling to choose between MBA and MIM? Check out the below video for more information:

Anushree Sinha10-20-2023 12:02