Popular Canadian Universities are well ranked in Best MBA Programs in Canada. It makes sense seeing an intelligent person pursuing a program in MBA. An MBA in precise means a master’s degree in the field of business administration. Careers in MBA are one of the best qualifications an individual should hold in life. It is attractive to many people these days from a wide field of backgrounds. This program mainly involves acquiring knowledge that relates to the modern practices of management.
In consideration for which schools should be listed in Best MBA Programs in Canada, the basic subjects that are studied in this business management career have been designed to popularize those undertaking the course with many different concepts that range from marketing and accounting to operations management and human resources. In Canada, admission process for careers in MBA and eligibility requirements will depend on the particular institute of business management you have joined.
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MBA Program Admissions Procedures and Eligibility Requirements
Like nearly all institutions offering the business management classes requires that an applicant should have passed the GMAT successfully. GMAT clearly means the graduate management admission test. You will too get fewer schools around accepting those students that have successfully passed just the graduate record examination (GME) and not necessarily GMAT. Other qualification requirements may be based upon references, work experience, academic transcripts, recommendation letters, references, personal interviews, and essays.
Some other schools that are prestigious also place emphasis on some issues like for instance extracurricular activities, if the student applying for a career in MBA would be capable to bring a contribution to the quality of the whole students’ body, and some community activities. With this higher business management course in Canada, there is nothing like prejudice on the nationality of a student or even ethnicity. Those top schools offering MBA programs also make an analysis of the international and local enrollee diversity and a targeted ratio of the female and male student.
In Canada, to be eligible for an MBA program, applicants are dictated to have at least five years working experience in the field of business. Though, there are some educational establishments that have turned to come out with less strict criteria of admission over the last decade due to an increased number of MBA courses. The only problem these other business management courses have encountered is that most of them do not hold such a big value in the eyes of most employers.
When choosing an MBA program, it is essential to understand how the course content will vary in terms of the number of skills an applicant would have achieved. To ensure the certification is desirable, you should ensure to do a correct evaluation of the core syllabus course.
MBA Scholarships in Canada
Best MBA Programs in Canada offer scholarship programs provide financial assistance for deserving MBA students. Such types of scholarships are available for both financial assistance and academic accomplishment. Mainly, these are best suited for those who actually believe that this assistance to be worthy of them. Numerous sources offer MBA scholarships in Canada including the private companies, foundations, and some professional organizations. Depending on the source, the eligibility criteria also vary with academic achievement, leadership potential, and managerial experience. In addition, a number of independent bodies also offer grants to leading business schools to set up these scholarship programs.
MBA program tuition in Canada
Some Best MBA Programs in Canada require a massive financial investment which runs throughout the MBA career. Sometimes it may not be affordable for students from average families. These students will need a financial assistance. The cost of an MBA program includes a course fee of about $ 8,000 to $60,000 a year, boarding, food, travel, books, a PC, and many more that the institution you join will be having as part of their admission requirement. In Canada, around 60 percent of the MBA students receive scholarship assistance. The scholarships are available for both full-time and part-time programs.
Today, a number of colleges award scholarships for the part-time evening MBA students. The program of financial help is given to only the academic professionals who will remain to retain their jobs as the keep on participating in the MBA career and the non-academic employees. Nearly all the applications are automatically considered for merit scholarships in reputed business schools. This kinds of scholarships will range from four thousand dollars to a charge that is charged for a full-time tuition. Full-time MBA career students are usually awarded an entrance scholarship of up to one hundred and seventy-five dollars. There is only awarded to a student who has demonstrated in their previous classes outstanding academic records.
Some top schools in Canada offering Best MBA programs
Although Canada has no many business schools offering business administration programs, it has a handful of world-class School offering them. Among the schools offering this program in Canada, it only less than 30 of them that are accredited by AMBA, AACSB, and EQUIS. Here are some of the best MBA programs in Canada you should know;
- Joseph L. School of management, Toronto University
- Richard Ivey Business Institutions, Western Ontario University
- Sauder School of Business, University of British Columbia
- Schulich School of Business, York University
- The Stephen J.R. Smith School of Business, Queen’s University
When you start selecting the MBA program that best suite you, it is important to know how the content of the course varies with time in terms of the overall skills that will be at the end attained by the applicant. To ensure the certification is desirable, correct syllabus evaluation is important for all applicants of MBA program.
Business management courses can at large expose an individual to many different subjects and also the offer of an opportunity to one to make a specialization in an area that he/she best fits. Typically, the first year would offer an introduction to a wide range of subjects. The course will then become more specialized in the second year of study. There are two different ways to undertake this MBA in finance Canada, either you can have it part time or full time. The choice of program to undertake will depend upon if the study is taken alongside an internship or even employment.
Any applicant for this business courses should know as a general rule regarding admissions that the executives have criteria that have a stricter admission than those taken regularly. These are usually made to attract those people that have prolonged amount of work experience related to this business field.