Masters in Business Analytics in Canada: Best Universities, Eligibility, Cost, Scholarships, Salary & More Image
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Masters in Business Analytics in Canada: Best Universities, Eligibility, Cost, Scholarships, Salary & More

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Yocket Editorial Team
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Canada appeals to most international students as a good study abroad destination. What with its brilliant universities, down-to-earth costs, multiple scholarships, and elite career opportunities, it really has become the new El Dorado for most students. If you’re among the ones who wish to pursue master in business analytics in Canada, then we got your back.

We have listed everything you need to know about securing an MS/MBA in business analytics in Canada below. Find about the MBA in business analytics in Canada program structure, universities, cost, admission procedure, eligibility, scholarships, career opportunities, and FAQs in this guide. Let’s begin!

Table of Contents

Program Structure for Business Analytics in Canada

Before applying to a course in masters in business analytics in Canada, make it a point to be thoroughly informed about everything possible like the top universities, course duration, fee structure, etc. First, let us have a look at the program structure for the various business analytics courses in Canada.

Program Duration

Mostly, universities offer a two-year-long MSc business analytics Canada program to their students. Besides, there are various “accelerated MBA” courses which completed within 18 months. Some universities and colleges even offer a one-year long course for masters in business analytics in Canada. It is advised to contact and gain awareness about your favourite college and see how long their course lasts to make necessary arrangements.

Program Curriculum

Under a master’s in business analytics course in India, your curriculum and subjects depend on the type of degree you go for. MS in business analytics, MSc, MBA, etc, all have different curriculums. The core subjects included in a typical business analytics course include supply chain analytics, data visualisation, big data analytics, and programming for analytics. There are several specialisations available under this degree as well, including customer analytics, people analytics etc.

Alternatives for Business Analytics in Canada

A master’s in business analytics is not the one and only way around the field. You can explore several other alternatives. Countries like Canada and the USA hold a postgraduate diploma degree equal to a master’s degree in most cases. Other than that, you can choose your core subject differing from an MBA, MS, and other courses.

Suggested: 10 Best MBA Colleges in Canada!

Next, check the top universities that enhance the scope of business analytics in Canada.

5 Best Universities in Canada for Masters in Business Analytics

We have summarised the 5 best universities in Canada for a master’s in business analytics degree that will help you ace your course. Find below the colleges with MS in business analytics in Canada ranking, location, courses, their fees/duration, and other information so that you can smartly shortlist where to apply.

  1. University of Alberta
  2. York Schulich School of Business
  3. Carleton University
  4. Western Ivey Business School
  5. UBC Sauder School of Business

1.  University of Alberta

Following are the key factors of the University of Alberta.           

QS Ranking 2023

110

Institute Type

Public

Courses Offered

Master of Business Administration

UAlberta MBA (Business Analytics)

Complete tuition fees in CAD

59,780.64

59,780.64

Duration of the course

24 months

24 months

Location

Edmonton

2.  York Schulich School of Business

Following is the course, fee structure, location, and other features of the York Schulich School of Business.

QS Ranking 2023

456

Institute Type

Public

Courses Offered

Master of Business Analytics (MBAN)

Complete tuition fees in CAD

80,150

Duration of the course

12 months

Location

Toronto

3.  Carleton University

Following are the course, fee structure, location, and other features of Carleton University.

QS Ranking 2023

601-650                

Institute Type

Public

Courses Offered

Sprott MBA concentration in Business Analytics

Master of Applied Business Analytics

Complete tuition fees in CAD

1,26,804.92

22979.02 (Annual)

Duration of the course

16 months

12-24 months

Location

Ottawa

4.  Western Ivey Business School

Following are the course, fee structure, location, and other features of the Western Ivey Business School.

QS Ranking 2023

N/A

Institute Type

Public

Courses Offered

Master of Science in Management

MSc In Management Business Analytics

Complete tuition fees in CAD

69,950

Duration of the course

16 months

16 months

Location

London, Ontario

5.  UBC Sauder School of Business

Following are the MSc in Canada requirements of UBC business school.

QS Ranking 2023

N/A

Institute Type

Public

Courses Offered

Master of Business Analytics (MBAN)

UBC MBA + MBA Dual Degree

UBC MSc in Business Administration

Complete tuition fees in CAD

60,249 + deposit fee 5000

90,057 + deposit fee 5000

Duration of the course

12 months

24 months

24 months

Location

Vancouver

Suggested: Cost of Living in Canada!

Eligibility Criteria for Masters in Business Analytics in Canada

To apply to the best universities in Canada for masters in business analytics, you will need to meet these eligibility criteria. Let’s explore them. 

Educational Requirements

You must have completed a preferably 3 to 4 years long bachelor's or undergraduate degree (or equivalent) in a related field with a B+ average (87-89%). Some universities accept only specific undergrad degrees for admission to master's, so ensure you are fully aware.

English Language Proficiency Tests

Canada requires an English Language Proficiency Test like the IELTS or TOEFL that tests the language of international immigrants. The minimum average band score for the IELTS is 7.0 or 100 for TOEFL. This also varies from university to university. 

Prior Work Experience

Other than these, having prior work experience or practical knowledge of your field adds heavy weightage to your student profile. Although not compulsory, prior work experience can really be a great add-on that pushes you towards more chances of acceptance. Exposure to subjects and topics related to the fields like calculus, statistics, programming, etc, are excellent assets. 

Other Test Scores

Tests like the GMAT (minimum score around 550) or GRE (minimum score 155) must be covered to get admission to a master's course in business analytics in Canada. This score is again flexible from university to university.

Suggested: Study Masters in Canada

Documents Required for MS in Business Analytics in Canada

Following are documents required for MS in business analytics in Canada.

Academic transcripts as demanded by your course and university

English language proficiency test scores

GMAT/GRE test scores

Proof of finances

Statement of Purpose

Letter of recommendation

Your CV

Prior work experience certificate (if any)

Prior internships certificate (if any)

Admission Procedure for MS/MBA Business Analytics in Canada

After analyzing the available options, make sure to have a short list of universities you want to try. It is best to apply to multiple universities for safety. Follow these generic steps for a successful application procedure:

  • Go to the official website of your university
  • On the website’s search bar, type in the course you’re interested in
  • Read the text that comes up thoroughly to understand everything about your course in detail
  • Proceed to the “Apply Now” button that appears in most courses at the bottom
  • The screen will guide you through a number of steps. You will be asked to turn in certain information and documents, so stay prepared.
  • Next, submit the application fees. Remember that this will be non-refundable and a little expensive as well.
  • Complete the registration procedure and keep a lookout for the results date.
  • If you are admitted, reply to the admission offer you receive and pay the required tuition fees to secure your seat.
  • Proceed with applying for a Canadian Study Permit.

Suggested: Requirements to Study in Canada for Indian Students

Cost of Studying MBA in Business Analytics in Canada

Studying abroad can be a little financially challenging for most people. But knowing the approximate value of your expenditure beforehand helps you with better preparation and lessens the burden significantly. The total cost of living and studying MBA in Business Analytics in Canada as an international student can be categorised as follows.

Pre-arrival Costs

These are the expenses you will have to meet before setting off for Canada.

Particulars

Cost in CAD

Visa

150

Canadian Study Permit

150

IELTS/TOEFL fees

250-245*

Registration fees

Variable

Flight tickets

Variable

GRE/GMAT fees

230-250

Tuition Fees

The average tuition fees for studying business analytics in Canada have already been summarised in the top colleges' section. For a broader approach, the course costs between 20,000 CAD to 50,000 (per year) CAD depending on your college, location, course, duration, etc. Research-based and co-op courses have higher fees, while some have relatively lower.

Get the exact numbers from your university’s site while applying. There will always be a finance section or fee estimator where you can get an exact number of what to expect. Add the ancillary fees, deposits, insurance, stationary fees, etc, to get the complete information and plan accordingly.

Living Costs

Living in Canada as an international student can also be pretty expensive. The accommodation costs around 8000 to 10,000 CAD annually if you live on campus. Off-campus, in a shared apartment, the rent falls around 400-700 CAD monthly. The exact accommodation cost depends on living standards and locations. Travelling costs around 100 CAD per month, food costs around 350 CAD (again depending on diet and preferences), and keep an extra 200 CAD monthly for recreation, etc.

Suggested: Colleges in Canada with no Application Fee

Scholarships Available for Studying Business Analytics in Canada

To ease the burden of finances on students’ shoulders and promote higher studies and attract highly skilled immigrants to the nation, there are many scholarships supporting your masters. Make sure to apply to all that you’re eligible for to make the most out of this opportunity.

Name

Eligibility

Value

Ontario Graduate Scholarship 2022

Select universities

Partial funding

Agnes K. Missirian Scholarship

Armenian students

Partial funding

Global Citizen Scholarship 2022

For universities supported by MPOWER

Full funding

NLB Scholarships, 2022

Students of Singapore

Full funding

International Peace Scholarships (For Women)

Female candidates, only at approved universities

Full funding

Scotiabank Fellowship

International students

Up to 80,000

Suggested: Scholarship in Canada for International Students

Career and Scope of Business Analytics in Canada

One of the most pronounced reasons to study business analytics in Canada is the high ROI and career prospects it offers. Find below the job titles you can go for and the average salary of business analysts in Canada.

Job Title

Annual Average Salary of Business Analyst in Canada (CAD)

Data Analyst

58,544

Data Scientist

79,751

Business Intelligence Analyst

73,206

Revenue Management

92,134

Management Analyst

66,156

Market Research Analyst

80,834

Business Intelligence Managers

91,266

There are multiple reasons why anybody would dream of studying in Canada. For one, it offers really high living standards for students and allows for cost-effective education opportunities when compared to other destinations for studying abroad. Canada also has a very welcoming community, making it an ideal place to go as an international student.

The ROI of Canadian students is exceedingly high. The place offers numerous career prospects and growth, promising investment returns faster than most nations. Speaking of an MBA degree, Canada, being a developed nation, provides a wide array of opportunities for MBA graduates. The nation also generously gives easy citizenship, offers of permanent settlement, excellent salaries for business analysts, and much more to add to the sugar dust.

All this information can be intimidating! Therefore, if you get stuck at any step or need end-to-end guidance from our counsellors, subscribe to Yocket Premium.

Frequently Asked Questions about MSc in Business Analytics in Canada

Ques. How much is the average salary of business analyst in Canada?

Ans: The entry-level average salary of business analyst in Canada is CAD 77,000.

Ques. Should I go for business analytics if I don’t like coding?

Ans: A business analyst typically deals with more stats and less coding. You’re good to go.

Ques. Is business analytics in high demand?

Ans: Certainly, and the field is prospected to grow by 14% by 2024.

Ques. What is the most challenging aspect of being a business analyst?

Ans: You will meet many, but most people find making decisions a herculean task.

Ques. Other than Canada, which country is the best for business analytics?

Ans. You can pursue business analytics courses in the US, UK, Singapore, France, and Germany.

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