Chances are you are considering seeking admission into a business school or you have just graduated and you want to know a thing about MBA Graduate Jobs and Salary in Canada. This resource material will attempt to elaborate on career prospects, job opportunities and salary pay-scale for graduates of MBA programs in Canada. Are you interested in pursuing MBA in Canada? Would you want to know more about Jobs for MBA in Canada and MBA Graduate salary in Canada? Are you looking information for requirements and institutions? If yes, then you are in the right place. This article will cover everything about MBA salary in Canada in addition to jobs and Schools.
In this article
Canadian MBA Is Popular
An MBA degree in Canada is more popular among the international aspirants. Canada stands behind the United States and the UK. This country has a substantial market for MBA graduates. It is world’s fifth-largest in the current condition. The average salary for MBA graduates is around US$90,000.
Canadian Job Market characteristics
When it comes to the job market, you might not find more favorable than any other market. You will find all typical MBA jobs in including finance, technology, and consulting. There will be slightly fewer positions in comparison to the USA. USA is considered best for MBA graduates. But at the same time, Canada is better than any other part of the world except the USA and UK.
The best thing about the Canada market is that it has prominence over SMEs. As said by Business Development Bank of Canada, ninety percent of exporting companies have only less than hundred employees. Only 1.6 percent medium-sized businesses of 1.1 million SMEs and Fifty-five percent of SMEs have only four or fewer employees.
Big Cities for MBA Jobs
There will be three key markets for MBA graduates: Vancouver, Toronto, and Montréal. Most of the MBA jobs are found in these three cities. Toronto is best for the finance jobs. It is the home to Canada’s largest financial sectors. It has 12, 00 firms and around 350, 000 employees. The prominence of finance is clearly evident by the number of the Rotan MBA graduates. Marketing is the leading industry. You can say that both finance and marketing are the top industries. These two are very popular among MBA applicants.
Canada’s financial services have started utilizing the emerging opportunities in Fintech. Both the leading financial employers and students are interested in the financial services. Many students choose British Columbia BC for its current economic growth. It is one of the provinces expected to lead economic growth in this country for a couple of years. Vancouver is also popular for better job possibilities and the quality of the life offered by the city. At Sauder, there were two industries for MBA: finance and technology.
In addition, there are different industries to represent as a whole. This place is appreciated by most of the MBA graduated for different types of jobs. They are not too specific. But they focus more on innovation. If you are able to satisfy your employers with your innovation, then you can go a long way. Their focus areas are consulting, healthcare, and consumer products.
This the job market condition for Canada. The MBA job requirements in this country have some regional specialties. But that can be overlooked by young aspirants.
Where do MBA Graduates Work?
From the above discussion, you might have a clear idea about the market condition and favorable cities in Canada. In this section, we will be more specific about the workplace. You might be thinking that where you need to work on getting a degree or what will be the ideal destination to start with. The market condition is improving. But still, a few graduates are interested to work overseas. According to research reports, twenty-two percent aspirants are accepting jobs overseas.
As said by McGill Desautels, seventy-eight percent of latest MBA graduates in Canada are working in that place only. They are working in Canada and a half of them are staying in the Montreal location. The remaining twenty-two is working overseas. They have accepted jobs at a school in which the MBA class size is between seventy to ninety students. Moreover, sixty percent of them are international.
According to report, at Queen, the number is six percent who are going aboard post-MBA and ninety-four percent are accepting full-time jobs in Canada. This school has eighty-three students and forty-three percent of them are international. That means international students are also interested to accept full-time jobs at Canada.
In Ivey, there are around 129 students and twenty-six percent of them are international. The majority of students around eighty percent are looking opportunities in Ontario and four percent are staying at schools London base. UBC Sauder claims, a third of its MBA graduates are accepting jobs out of school provinces. In 2015, it has a class of 110 students. But 69 percent of them are international students. Many of them are accepting jobs inside Canada.
What is the MBA Graduate Salary in Canada?
This question will first come to your mind if you are interested to do an MBA course in Canada. The salary might not be as good as the USA. But yes, you might find better than other parts. The average salary for MBA graduates will vary between C$80,000 and C$90,000. This is the average salary range in four or five business school in Canada. In UBC Sauder, the average base is C$72,600. The most recent graduates of the Queen’s MBA are given C$82,719. For McGill Desautels, you can expect C$80,000. C$86,500 is for Ivey and C$82,000 at Rotman. The salary will vary depending on schools. If you consider the conversion rates, these salary numbers will be similar to somewhere in US$60-65,000 that you might find significantly lower than any popular school in the USA.
Which Industries Employ MBA?
There will be many industry destinations. The most popular three types are finance, technology, and consulting. Finance is the most admired among the MBA applicants in the four of five MBA schools. Only Sauder is not an exception. In Sauder, only less than 1 in 5 enter finance. In other four, one in three shows interest in finance. For financing, the average salary is C$81,500. Consulting is the second popular industry. At Ivey, a quarter of class enters consulting. Twenty-four percent of Queen’s graduates also enter consulting. At McGill, many MBA graduates joined the non-profit organizations including healthcare, pharmaceuticals, and biotechnology. The average salary for consulting is C$10,000 higher. There will be job options and salaries for consulting. The third one is technology. The technology industries are the greatest employers of Sauder’s MBA class. The average salary for technology is C$93,000.