Discover the top job opportunities for Masters of Business Administration (MBA) graduates in Canada and what you need to do to land a job.
You're in luck if you are an MBA graduate interested in entering the Canadian workforce. There is an increasing demand for MBA graduates in Canada, which is why many employment opportunities are available. There are various entry-level jobs across Canada. In addition, several positions offer a healthy salary that will allow you to live a comfortable life while climbing the corporate ladder. So let's unpack what you need to do to score yourself a position in this increasingly popular field.
Jobs in Canada for MBA Graduates
Entry-level positions for MBA graduates range from internships to human resources assistants and consulting service roles, to name a few. Here are just a few opportunities waiting for MBA graduates in Canada.
All average salaries were sourced via Talent.com
Average Annual Salary: $54,631
A junior analyst researches, gathers, and interprets data to build specific business models. In Canada, junior analysts are fundamental to Canada's growing businesses and, as a result, can be a very lucrative position and a perfect starting point in your business career.
Average Annual Salary: $62,911
A research associate works with investment banks, asset management firms, or other financial services companies to gather, organize, and synthesize data to provide consultants, directors, or managers with the resources they need to make informed decisions regarding the firm's sales and trading function. It's highly work-intensive but enriching. Canada's a fantastic place to start your research career due to the massive amount of international businesses and enterprises in need of research in Canada.
Average Annual Salary: $83,892
A risk analyst is a financial specialist who examines the risks associated with the following:
- New clients,
- Economic conditions or
This helps companies determine the level of risk involved in making a decision. They use their knowledge of financial documents, economic conditions, and potential clients to assess the risk involved in making a decision. Risk analysts also monitor the amount of risk the organization is exposed to. These jobs are often regulated and may require further qualifications.
Average Annual Salary: $103,767
While this may not be your entry position, working towards a director position is an excellent use of the skills you will gain through your MBA.
The duties of a director include the following:
- Acting in good faith in the company's and its shareholders' best interests.
- We coordinate and supervise business activities.
- Ensuring employees have the best working conditions and fulfilling other duties to the company and its stockholders.
Average Annual Salary: $35,100
One of the best ways to get started in the Canadian job market is to get a paid internship at your dream company.
A paid intern's duties are as follows:
- Participating in marketing research and analysis.
- Devising sales strategies.
- Producing progress reports and presentations.
- Handling social media accounts for public relations.
They are primarily in a support role at the beginning of their internship, with the main job being to assist, learn, and grow. Interns may be paid for their time, with tips for success available online.
10 Steps to Get Your MBA in Canada
The MBA is one of the most sought-after programmes, providing students worldwide with various professional options. The MBA degree provides students with a thorough understanding of all facets of management, real-world applications, and experiential knowledge that drives them to find real business solutions. Here's a full breakdown of how you can get yours in Canada.
Step 1: Check The Admission Requirements
To get into an MBA program, you must meet the following requirements:
- In addition, a bachelor's degree from a reputable university or educational institution is required.
- GMAT (Graduate Management Admissions Test) score
- Relevant prior work experience
- Statement of Purpose 2 Recommendation Letters
- Complete English languages competency exams, such as IELTS or CELPIP
- Pass your interview for admission
- Meet the application deadline
Step 2: Pick an MBA Program That Works For You
There are many MBA programs out there and many institutions that offer them. Make sure you choose the correct one based on where you want to live, your future work prospects, your current ties to Canada, and your budget.
First, you need to choose a course path. There are various kinds of specializations you can choose from. For example:
- MBA in General Management
- MBA in Marketing
- MBA in Entrepreneurship
- MBA in Human Resource Management
- MBA in Engineering Management
Length of Study
The majority of Canadian MBA programs last two years. However, several Canadian business schools offer an Accelerated MBA program that takes 18 months to finish. Other institutions and colleges provide one-year MBA programs.
Step 3: Pick a School
Many universities and colleges in Canada offer MBA programs. However, these are the Top 5 in the whole country.
- University of Toronto (Rotman Business School)
- McGill University (Desautels Faculty of Management)
- Western University (Ivey Business School)
- Queen's University (Smith School of Business)
- York University (Schulich School of Business)
Step 4: Do Your IELTS or CELPIP
To study in Canada, you must get a minimum score on the language test. Institutions in Canada will only accept your application for an MBA with good results. This is because the language of instruction in Canada is mostly English, but French is used in some institutions.
An MBA is demanding in the best circumstances; therefore, you must understand the language finitely to give you the best chance of success. To get the best out of your IELTS test, look at our IELTS course, which entirely breaks down each section.
Step 5: Prepare Your Transcripts
A recognized undergraduate degree is required for your MBA application. Therefore, take the time to obtain authentic transcripts to prove your past studies and accomplishments.
Your chosen institution may require other materials, depending on your place of origin and the university to which you intend to apply. However, the most commonly requested documents are passports, proof(s) of identity, and copies of these documents translated into English. Additionally, you may not need an undergraduate in Business to be successfully accepted into an MBA program, but that depends entirely on your chosen institution.
Find out how to verify your transcript here.
Step 6: Calculate your GPA score
Typically, business schools require a GPA between 3.5 and 3.7. If you come from a country with a different grading system that does not employ GPAs, the university will either convert the grades for you or request more information. Check with your particular higher education school to determine the exact score you should aim for.
Step 7: Take The Appropriate Entrance Examinations
Most MBA programs will require Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT) scores as part of the admission process. However, it would help if you also thought about taking the GRE. The GRE is a feasible alternative, especially if you believe the GMAT is too stringent.
Step 8: Prepare Additional Documentation
Gather the correct documentation to support your application.
- Transcripts and academic records
- Exam results for proficiency tests
- Bank statements
- Proof of work experience
- Recommendation letters
- MBA Statement of Purpose Essays
- Updated CV/resume
- You will also need a valid study Visa once you have been accepted
Writing up a CV can go a long way. Strong professional experience suggests that you are prepared to advance your skill set. That is why you must create a concise CV highlighting your professional achievements. Ensuring your CV is up to Canadian standards is vital, so utilizing a service like CanadianVisa.org's CV curation service will go a long way.
Writing a motivational essay will also assist you in getting into a program. Use a general motivational essay template, but follow the specifications set out by the individual institutions. Allow time to proofread your essay and perhaps solicit feedback from your friends.
Finally, gathering recommendation letters from people who speak to your talents, successes, and personal growth would be best. Professional recommendations boost the legitimacy of your MBA application. At the same time, this is an excellent opportunity for you to reflect on your professional development. Check that the individual suggesting you is familiar with your accomplishments.
Step 9: Apply For an MBA in Advance
After you have collected the required documentation and paid the fees, you should apply as soon as possible. Students must begin applying for an MBA in Canada at least 1-2 years in advance. This allows applicants to study for and do well on their GMAT and IELTS exams.
An MBA degree in Canada typically costs between CAD 30,000 and CAD 40,000 annually. Your student consultant can give you the most up-to-date information on the cost of pursuing an MBA in Canada and assist you in selecting the best business school for your budget.
Step 10: Take Your Interview
After submitting your paperwork, you will be invited to an entrance interview. Some colleges prefer an online video interview, while others will require you to present yourself on campus. This, of course, depends on where you live and when you apply to that university.
During your interview, be prepared to explain why you chose this particular MBA and business school. In addition, you must be able to discuss your career aspirations and interests in depth. The most prevalent interview issues are leadership, entrepreneurship, cultural fit, and future objectives aligned with the curriculum. Finally, consider your expectations and the goals you hope to attain before graduating.
Why Study an MBA in Canada?
There are several reasons why studying for an MBA in Canada is a great idea.
- An MBA from Canada is globally recognized and will improve your professional opportunities and earnings potential.
- Compared to other nations, the cost of pursuing an MBA in Canada is lower.
- Internships are available at Canadian business schools to help students get industry experience while pursuing an MBA.
- Because Canada is a cosmopolitan country, you will study among kids from other cultures. This will allow you to widen your commercial and management cultural perspective.
How To Move To Canada with an MBA
Now that you know there is a demand for this career field and you have an idea of the salary on offer let's talk about how to seize these top job opportunities and quickly look through different kinds of Canada work permit.
Canada Work Permits
Before applying for a Canadian work visa, you must apply for a Canadian work permit. There are two work permit categories: a Canada open work permit and an employer-specific work permit.
An open work permit will allow you to work for any Canadian employer. In contrast, the employer-specific work permit will require you to work according to the information stipulated on your work permit, including your employment location and the duration of your permit. You can also apply for the Canadian Post-Graduation Work Permit Program (PGWPP). You can apply for this program on an open work permit, allowing you to gain experience.
The Express Entry System
Regardless of the type of work permit you apply for, one thing that is great about being successful in your visa application and working in Canada is gaining work experience.
There are many different ways to apply for permanent residency in Canada. Still, the best way to up your chances of getting your visa application approved is by taking the route that suits your needs.
If you are interested in immigrating to Canada for work, a suitable visa program choice would be the Canadian Experience Class, which allows you to obtain permanent residency if you have experience working in Canada. The Canadian Experience Class is one of the programs offered in the Express Entry System.
Take Charge of Your Career in Canada
Studying for an MBA in Canada or using your MBA to get your start in Canada is very exciting, but it can be a long, complex process. To take the stress out of the application process and to help ensure you get your visa or Permanent residency in the time you need, we recommend you utilize the services of a certified immigration professional like a Regulated Canadian Immigration Consultant (RCIC).
An RCIC can fully evaluate you to ensure the right pathways to Canada for you, fill out your application forms, help create your online profiles, introduce you to numerous accredited courses to improve your chances, help you source and verify your documentation, represent you with certain immigration authorities, keep track of your application process for you and provide you with the guidance and support you need to take your journey to Canada.
Is it Difficult to Get a Job in Canada With an MBA?
Canada has many in-demand jobs and career paths; therefore, Canada makes it easier for people to immigrate for work purposes through various immigration and work visa programs.
The Canadian government welcomes foreign workers openly and invites them to join the workforce.
If you obtain your MBA qualification from a Canadian institution, finding employment will likely be more accessible. However, it's optional for you to study at a Canadian university to get a job in this field as a foreign graduate.
Do you Need Work Experience to get a job with an MBA Job in Canada?
While some employers require former work experience, various entry-level positions and internships are available for MBA graduates.
Why is Canada the Best Place to Study for an MBA?
Canada takes pride in its prestigious universities and quality education. Therefore, the Canadian government happily invites international students to study at its universities and start their academic journey.
For example, institutions like the Ivey Business School in Ontario have accepted almost as many international MBA students as they have Canadian students.