Masters in Business Analytics in Canada: Top Universities, Admission Process, Tuition & Cost of Study, Scholarships, Job Prospects

Masters in Business Analytics in Canada is a one-two year program available as MBAN (masters in Business Analytics), MS in Business Analytics and an MBA with a specialization in Business Analytics. The average tuition fee of MS in Business Analytics in Canadian Colleges is around 20,000 to 50,000 CAD (36.81 Lakhs INR)

To secure admission in MS in Business Analytics in Canada, international applicants need a GPA of 3.0 (83-86%) and a GMAT score of 600 or above for top universities. The course focuses at intersecting technology and Business, providing analytical insights that help in achieving Business goals. Business Analytics courses in Canada open a wide range of job opportunities for its graduates. A postgraduate in Business Analytics from Canada can earn around 42.52 lakhs to 60.74 Lakhs INR/year.

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Highlights

Program
MS in Business Analytics

Duration
1 – 2 year

Average Tuition Fee
20,000 to 50,000 CAD (12.14 lakhs – 30.37 lakhs INR)

Top Universities
University of British Columbia York University University of Alberta Western University Carleton University

Top Recruiters
Deloitte, Amazon, Accenture KPMG, PWC CIBC, Air Canada, PWC, Oliver Wyman

Top Job Profile
Business Analyst Data Analyst Market Research Analyst Management Analyst Business Data Analyst Financial Analyst

Average Salary per annum
81,000 CAD (48.74 lakhs INR)/year

Top Universities Offering Masters in Business Analytics in Canada

Masters in Business Analytics are available in some top-ranking Canadian universities and Business colleges. International applicants are suggested to apply for the fall term for most of the universities. Application deadlines for MS in Business Analytics in Canada are discussed: :

To know more about Business Analytics Colleges in Canada, Click here!

Why Pursue Masters in Business Analytics in Canada

Some of the main reasons to pursue Masters in Business Analytics in Canada are listed below,

Around 8 Canadian Universities offer Masters in Business Analytics of which three are in the world’s top 100, according to QS World Universities Ranking, 2022.
According to the Bureau of Labor Statistics, the number of jobs related to Business Analytics will observe a steep rise of around 110,000 by 2026.
Numerous job opportunities can be availed post completing MBAN, with an average starting salary of 23 lakhs INR per annum
According to the GMAC survey 2018, 71% of employers plan on hiring Business school graduates for analytical roles. 52% of these hired applicants are required to have MBAN or a similar degree.

MS in Business Analytics Course Description

Masters in Business Analytics is a one-two year program available to graduates of Computer Science, Data Analytics, or students with a background in statistical mathematics. The core subjects offered include Big Data Analytics, Predictive Modelling, Supply Chain Analytics, Data Visualisation, Energy Analytics, and Programming for Analytics. Customer Analytics, Operations Analytics, People Analytics, and Accounting Analytics are other specializations available within the MBA program.

Masters in Business Analytics in Canada Admission Process

International applicants who wish to study in Canada are required to fulfil some general criteria for admissions. However, the admissions process in master’s programs in Canada varies from institution to institution. The details of the admissions process are briefed in the sections below:

Admission Requirements in Canada for MS in Business Analytics:

The general eligibility criteria for admission in Business Analytics courses in Canada are given below:

Candidates should have a bachelor’s degree, preferably a 4 year degree with mandatory subjects like Statistics, Algebra and Calculus
Hands-on experience in Computer Programming and Data Analytics.
GRE / GMAT score along with other English proficiency tests such as TOEFL, IELTS, PTE etc
GPA of 3.0 on a scale of 4.0, suggesting the percentage score should be within 76-81% and letter grade as B or above.

Documents Required for MS in Business Analytics in Canada:

Applicants for master’s programs are required to submit various documents along with their application. The details for the documents required for admission in Masters in Business Analytics in Canada are listed below:

Transcripts: Certificates, mark sheets, and other documents from previous institutions must be submitted. Some universities ask applicants to submit original transcripts. However, some universities ask applicants to submit certified original copies of the transcripts.
Letter of Recommendation
Resume/CV
Statement of intent
Personal essays
English Language Proficiency Score
- IELTS: 7.0
- TOEFL iBT: 100

Also Check:

Masters in Business Analytics in Canada Costs

International applicants planning to study in Canada are required to have minimum funds for supporting their studies for the first year. The costs of studying for international students can be widely distributed into three categories. These are pre-arrival costs, cost of study, and cost of living. The cost of studying or the tuition fee Masters in Business Analytics in Canada varies among different universities.

Tuition Fees of MS in Business Analytics in Canada

Tuition fees for pursuing Masters in Business Analytics from top Canadian universities are listed below:

NOTE: Applicants must ensure that they visit the official tuition fees pages for the program and university they opt for.

Cost of Living in Canada

International students in Canada spend a large sum of amount while studying on expenses other than tuition. The expenses include the cost of living in Canada, books & materials, transportation, etc. The table given below suggests an average of minimum expenses required for studying in that specific university:

University
Minimum Cost of Living (CAD)
Minimum Cost of Living (INR)

University of British Columbia
17,287
10.47 lakhs

University of Alberta
20,417
12.36 lakhs

Carleton University
8,235 – 13,748
4.98 lakhs – 8.32 lakhs

York University
10,345
6.26 lakhs

Western Ivey Business School
20,417
12.36 lakhs

HEC Montreal
6,805
4.12 lakhs

McGill University
9,528
5.77 lakhs

McMaster University
10,889
6.59 lakhs

Masters in Business Analytics in Canada Scholarships

International applicants enrolled in MBAN and MBA with Business Analytics specialisations are offered various scholarships. The amount of scholarship awards varies from

University
Scholarship
Amount Offered (CAD) (Approx)

University of British Columbia
Asia Top Talent Scholarship International Talent Scholarship
5,000 – 10,200

University of Alberta*
No specific scholarships available.
NA

Carleton University
Merit Scholarships
1000 – 12,300

York Schulich School of Business
Merit-based Entrance Award and International Student Award
Variable

Western Ivey Business School
Merit-based Awards
20,500

HEC Montreal
Entrance Scholarship
Varies

McGill University
Various Entrance Scholarships are available Scotiabank Fellowship
5,000 – 10,200

McMaster University
Provost Entrance Scholarship The Woo Family International Entrance Scholarship
7,722 – 3,130

Worried about the expenses to Study in Canada? Watch the video below and know about top scholarships for Indian students

Masters in Business Analytics in Canada Jobs

International applicants can work in Canada on a Canadian Work Permit. Some of the careers one can land in with MS in Business Analytics in Canada are listed below along with the median salaries offered. Some of the popular companies that hire students with a Masters in Business Analytics degree are Deloitte, CIBC, Air Canada, KPMG, etc.

Job Profile
Median Salary (CAD/year)
Median Salary (INR/year)

Senior Data Scientist
86,827
52.6 lakhs

Data Scientist
86,350
52.31 lakhs

Business System Analyst
86,067
52.14 lakhs

Business Analyst
71,257
43.16 lakhs

Information Technology Consultant
65,640
39.76 lakhs

Business Intelligence Analyst
57,923
35.09 lakhs

Analytics Analyst
52,440
31.76 lakhs

Masters in Business Analytics: Comparison By College

Comparison of universities in Canada offering Masters in Business Analytics on the basis admission requirements:

University
Application
GPA Required
GMAT/GRE
ELP Requirements
Work Experience

York Schulich School of Business
150 CAD
Letter grade B+
GMAT: 680
IELTS: 7.0 | TOEFL: 100
Work Experience recommended

University of Alberta
135 CAD
3.0 on the scale of 4.0 or 60% in Bachelor’s
GMAT: 550 | GRE: 50th percentile
IELTS: 7.0 | TOEFL: 100
5 years of work experience

HEC University
310.63 CAD
An overall average of 80%
GMAT: 600 | TAGE MAGE: 300
French language Proficiency TEF/TCF- B2 to C1 level
Not Required

Carleton University
110 CAD
Not Specified
GMAT: 550 or equivalent GRE score
IELTS: 6.5 | TOEFL: 86
2-year work experience

McMaster DeGroote School of Business
150 CAD
A GPA of 8.0 on the scale of 12
GMAT: 600
IELTS: 7.0 | TOEFL: 100
Required

Masters in Business Analytics: Country Comparison

Parameters
Masters in Business Analytics in Canada
Masters in Business Analytics in USA

Duration
1-2 years
1-2 years

Average tuition fees
20,000 to 50,000 CAD
35,000 to 60,000 USD

Annual Cost of living
10,000 to 15,000 CAD
12,000 to 18,000 USD

Annual Average Salary
70,000 to 80,000 CAD
80,000 to 120,000 USD

Financial Support
Scholarships, bursaries, work opportunities
Scholarships, bursaries, work opportunities, assistantships

Visa
Study permit
F-1 or J-1 visa

Top Specialisations
Data mining, machine learning, deep learning, computer vision, natural language processing
Business intelligence, data visualization, data warehousing, predictive analytics, decision support systems

Scores of Exams accepted
GRE, TOEFL, IELTS
GRE, TOEFL, IELTS

Scores of English language proficiency tests
Minimum 6.5 bands in IELTS, minimum 90 in TOEFL
Minimum 6.5 bands in IELTS, minimum 90 in TOEFL

Also Check: MS in Business Analytics in USA

Masters in Business Analytics in Canada is a program gaining huge traction because of the increasing popularity of big data-related jobs. A rise in the number of applications received and applicants offered admissions is observed for popular universities like UBC.

With a postgraduate degree in Business Analytics students can land jobs in fields like financial services, retail, media, travel, healthcare, etc. With cushy median salaries of 50,000-70,000 USD at an entry level, MS in Business Analytics becomes a program of interest for students with a statistical mathematics background.

FAQs

Ques- What are some of the top universities in Canada to study Masters in Business Analytics?

Ans- Masters in Business Analytics in Canada is offered by some top ranking Canadian universities, like UBC Sauder School of Business, McGill University, McMaster University, York University, and others.

Ques- What is the cost of pursuing MS in Business Analytics in Canada for an Indian student?

Ans- The cost of studying MS in Business Analytics in Canada is around 9,00,000 to 10,00,000 INR.

Ques- How can I study MS In Business Analytics in Canada?

Ans- For studying MS Business Analytics, international applicants are required to fulfill all preliminary requirements. These include 4 years UG degree with B grade, taking standardized tests like GRE/GMAT, and submitting English language test scores- IELTS/TOEFL.

Ques- What are the minimum language proficiency scores required for admissions in MS in Business Analytics?

Ans- International applicants are required to have a minimum score of 7.0 on the IELTS and 100 on TOEFL.

Ques- What is the scope of Business Analytics in Canada?

Ans- Business Analytics is a rapidly growing field offering great opportunities to postgraduates from the same field. International students can work in sectors like market research analyst, management analyst, Business analyst, financial analyst, etc.