Top Universities for Masters in International Business in Canada Image
Study Destination

Top Universities for Masters in International Business in Canada

Author_Image
Yocket Editorial Team
23 mins read
12 views

MSc international business in Canada prepares international students to challenge multinational venture problems like foreign laws, corporate structure, currency exchanges, supply chain logistics, and political risks. In this program, international students will learn how to gather and form financial and non-financial information, regulate the unit cost construction of a business organization, and advance profit management strategies.

So, if you're looking forward to study master's of international business course in Canada, we have curated a guide including the best universities for masters in international business in Canada, scholarships, cost of studying, admission process, and other details to help you get started.

Table of Contents:

  1. Why Study MSc in International Business Canada?
  2. Top Universities for Master’s in International Business in Canada
  3. Eligibility Criteria & University Requirements for MSc in International Business in Canada
  4. Documents Required for Master’s in International Business in Canada
  5. Admission Process for Master’s in International Business Canada
  6. Cost of Studying Master’s in International Business
  7. Scholarships for Master’s in International Business in Canada
  8. Difference between MBA in International Business and Master’s in International Business
  9. Career Opportunities in Canada after MSc in International Business
  10. Frequently Asked Questions about MSc in International Business in Canada


Why Study MSc in International Business Canada?

Students who want to develop and understand various business management practices should go for a master's in international business in Canada. The following benefits are:

  1. Advanced Business Knowledge: A master's of international business course in Canada will assist students in building on the foundation from the undergraduate degree, give in-depth knowledge of the industry, and allow them to explore personal interests further.

  2. A Global Outlook: Studying MSc in international business in Canada offers an opportunity to explore the global experience and discover the life of the global market. There are a lot of job profiles that students can aim for and work towards, but each one of those will take you closer to international decision-making and inputs for your firm.

  3. Build Highly Sought-After Transferable Skills: Pursuing an international business degree in Canada will increase your employability by helping students to build skills useful in any industry. In this program, international students will develop critical thinking and problem-solving skills and learn to exchange and make critical decisions under pressure.

  4. Gain an International Perspective: Knowing and understanding how people do business in other parts of the world is vital to success in business. Business is about making connections and networking experiences to advance communication skills that make a student a valuable person in this area.


Top Universities for Master’s in International Business in Canada

Studying for a master's in international business is becoming popular and courses are available at many universities across Canada. The best universities for MSc in international business are:

  1. Western University
  2. University of Alberta
  3. Queen’s University
  4. Carleton University
  5. York University
  6. University of Victoria

So, these are some of the top universities in Canada for masters in international business. Let's get in detail.


1.Western University

MSc in International Business course presents various managerial challenges faced by businesses operating internationally and applies numerous analytical perspectives to describe these challenges. International students will be engrossed in some of the most socially and internationally diverse classes at Ivey (Ivey's Master of Science in Management), learning how to direct the complexities of the business world through case-based learning.

QS World Ranking 2022

170

Type of University

Public

Popular Course

MSc International Business

Duration

16 months

Tuition Fee

September 2022 & January 2023 Intakes: 72,000.00 CAD full course fee.


2.University of Alberta

The MBA at Alberta university is a two-year degree program wherein the 1st year starts with course orientation, a core curriculum, and a summer internship. While in the 2nd year, international students get the opportunity to modify the MBA program as per their professional goals and interests by selecting electives of their choice or participating in an international exchange program.

QS World Ranking 2022

126

Type of University

Public

Popular Course

MBA in International Business

Duration

20 months (full time)

Tuition Fee

28,281 CAD/Year


3.Queen’s University

Master of International Business at Queen's University is available in single- and double-degree options. The Single Degree Option allows international students to cover the program in 12 months, including one semester at one of the university's international business school exchange partners. In comparison, the double degree allows getting a second Master's degree from one of the international business school partners while in the program. Regardless of which option a student chooses, they will spend a substantial portion of the program on the campus and with one of our international business school partners.

QS World Ranking 2022

240

Type of University

Public

Popular Course

MSc International Business

Duration

12 months (full time)

Tuition Fee

  • Single Degree: 54,950 CAD (Total Fee)
  • Double Degree: 84,625 CAD (Total Fee)


4.Carleton University

The Sprott School of Business offers an MBA International Business program. It covers a cross-section of business disciplines to give international students a basis of integrated knowledge. Students can choose one specialty option from Financial Management, International Business, Business Analytics, International Development Management, and Management and Change.

QS World University Ranking 2022

601-650

Type of University

Public

Popular Course

MBA International Business

Duration

16 months

Tuition Fee

34,373 CAD/Year


5.York University

It is a specific MBA program in international business for students who want to start a career in international business. The MBA program is offered full-time, part-time and students may shift between full-time and part-time status as the need arises during their degree.

QS World University Ranking 2022

494

Type of University

Public

Popular Course

MBA International Business

Duration

16 to 20 months program

Tuition Fee

53,460 CAD/Year


6.University of Victoria

The UVic Master of Global Business program is a 12–16-month program, including a global internship, that takes students to 3 countries (North America, Europe, and South America or Asia),depending on route choice, and is an entirely exclusive experience. International students will spend about three months in each country rolling through three modules: Global Business Opportunities, Global Business Fundamentals, and Global Business in Action.

QS World University Ranking 2022

334

Type of University

Public

Popular Course

Master of Global Business

Duration

1 year 16 months (full time)

Tuition Fee

36,994 CAD/Year


Program Structure and Curriculum for Master’s in International Business Canada

For master’s in international business, students will be immersed in an integrated set of core courses introducing strategic business concepts. Within each course, students will get the learning required at the appropriate time. The core subjects of this academic course make it appropriate for studying as well as working abroad.

Let’s look at some of the master’s business courses:

  • International Finance
  • International Study Tour
  • Global Business Environment
  • International Marketing
  • Measuring and Assessing National Economies
  • Managing International Enterprises
  • Strategic Supply Chain Management


Eligibility Criteria & University Requirements for MSc in International Business in Canada

Before taking admission to top universities for masters in international business, students are required to look over the eligibility criteria and university requirements for MSc in international business.

  1. Bachelor’s Degree
  2. English Language Proficiency Test
  3. Canadian Study Permit
  4. Additional Requirements

Let’s discuss in detail about these requirements:

  1. Bachelor’s Degree

For admission to a master's in international business in Canada, international students should have a UG degree with a strong academic record and a minimum required score of 78%. The bachelor's degree must have these subjects: international business, accounting, finance, marketing & organizational behaviour, & human resource management.

  1. English Language Proficiency Test

International students whose home language is not English are required to submit English proficiency test scores. It includes a TOEFL score of 100 or IELTS 7.0, 5.5 on each band and PTE minimum score of 68.

  1. Canadian Study Permit

International students interested in taking admission for masters in international business are required to apply for a Canada study permit. Applications for study permits will be accepted once a student receives an admission acceptance letter from a university.


Documents Required for Master’s in International Business in Canada

There are some additional documents required for applying MSc in international business Canada for international students:

  • Two- three professional LOR
  • Official transcripts
  • Statement of Purpose
  • Video essay component
  • Updated Resume
  • Cover letter
  • GMAT/GRE minimum requirement 600 (optional)


Admission Process for Master’s in International Business Canada

Studying international business permits international students to understand how globalization has brought an increasing 'connectedness' of companies, people, markets, and information across countries. The following admission process is:

  1. As an international student, you will begin by selecting the university for a master's in international business and then proceed with the online application available on the respective university websites.
  2. The following process is to submit the academic transcripts like UG degree and other additional documents required by the specific university.
  3. After submitting the additional documents and the English language proficiency test score, wait for the admission result.
  4. Once an application is accepted, you will get an email regarding admission confirmation. You are required to revert within the allotted timeline and pay the tuition fee.
  5. After completing all the official admission formalities, now apply for a Canada study permit and, once received, plan your journey to Canada.


Cost of Studying Master’s in International Business

When an international student plans to study abroad, one of the most important aspects is the cost of studying. So, to give an estimate, we have mentioned below the average tuition fee for masters in international business and the cost of living in Canada.


Tuition Fee

The Master's in International Business program gives international students an understanding of the diverse business management practices found worldwide. The cost of pursuing a master's in Canada can range from 1,075 – 65,000 CAD/Year. Moreover, various scholarships are also available for MSc in international business that students can go through and ease their study expenses.


Cost of Living

As an international student, you can find on-campus accommodation in Canadian universities. In general, the cost of living on campus ranges between 8,000 to 10,000 CAD per year, and if you are going to live- off campus, then the rent may cost high. In addition, the average monthly cost for food and other expenses may cost around 200 – 600 CAD per month.


Difference between MBA in International Business and Master’s in International Business

The following difference between the master's degree in international business and an MBA in international business are: 

MBA in International Business

Master’s in International Business

MBA emphasizes more on the practical features of business management.

Masters in International business focus more on the theoretical part.

The number of credits desired to earn an MBA degree varies by program. The length of the program will also depend on whether you attend full- or part-time, but it will usually be able to finish in 2 years.

The degree programs in MSc will usually require around 30 credits and can take anywhere from 1-2 years to complete, depending on the particular program.

During an MBA program, students will be required to take core business classes that might cover accounting, leadership concepts and skills, strategic marketing, ethics in business, and economics.

The coursework for an MS in the international business program will focus on studying different business topics and concepts within an international framework.

To take admission in an MBA program with this specialization, students need to have some professional experience.

In a master's in international business, experience is not mandatory.


Scholarships for Master’s in International Business in Canada

There are only a few universities in Canada offering scholarships to international students pursuing masters in international business in Canada. The following scholarships available are:

Scholarship Name

Eligibility & Amount Granted

HEC Montreal Entrance Scholarship

  • It is an entrance scholarship awarded to international students pursuing the degree.
  • Amount Granted: 2000- 4000 CAD

UWO Scholarship

  • Entrance scholarships available for international students applying for the program.
  • Amount Awarded Varies

Queen’s University Entrance Scholarship

  • Entrance scholarships for international students who are planning to pursue masters in international business at Queen’s university.
  • Amount Granted: 2050 CAD/per term


Career Opportunities in Canada after MSc in International Business

There are various job options available that a student can choose according to their interest and skills. The following job options are:

Job Designation

Average Annual Salary

Global Product Manager

122,344 CAD

External Auditor

121,000 CAD

Supply Chain Manager

80303 CAD

Market Analyst

68,250 CAD

Masters in International business is the subject of choice for all those students who care about making globalization virtuous by working in government, business, the community/NGOs, or who choose to run their businesses. So, if you're passionate about running your own business, doing a master's in international business will help you grow and explore other important factors required to develop. You can also connect with our Yocket professionals and plan your voyage to study MSc in international business in Canada.


Frequently Asked Questions about MSc in International Business in Canada

Ques. What can I do with a master’s degree in international business?

Ans. After completing your master’s in international business, an international student can work as financial controller, international trader, market analyst etc.

Ques. Which university is best for MSc in international business in Canada?

Ans. Some of the following universities offering MSc in international business are:

  • York University
  • Queen’s University
  • University of Alberta
  • Western University
  • University of Toronto

Ques. What specialisations are there in international business in Canada?

Ans. The following subjects taught in international business are:

  • Business networking
  • International business law
  • Global business research and analysis
  • International marketing
  • International finance and banking

Ques. What is the average salary of an MBA in Canada?

Ans. The average salary offered to MBA applicants in Canada ranges between 80,000 to 90,000 CAD yearly.

Similar Blogs

See all
Complete Guide to BBA in UK: Top BBA Colleges in UK, Admission Requirements, Fees & More Image
Yocket Editorial Team
22 mins read
Colleges in Ottawa: 5 Best Colleges in Ottawa for International Students Image
Yocket Editorial Team
9 mins read
Study in US from Bangladesh! Image
Study Destination
eye_icon 1.6k
Yocket Editorial Team
5 mins read

Sign up and stay in the Yocket loop!

Get instant updates on latest articles handpicked for you and your preferences.