Masters in business analytics Canada: Your Perfect Guide

Pursuing master’s in business analytics in Canada is a wise move if students have an aptitude for both analysis and technology. Moreover, a graduate with a background in statistical mathematics, data analytics, economics, and computer science, thinking of going for higher studies, can opt for a master’s in business analytics. Completing an MS in business analytics in Canada will require a student to study for two years. Students can either study an MBA with a business analytics specialization or the preferred course option, which is MBAN (masters in business analytics) in Canada. This article will discuss all things that should be known before applying to a university in Canada for a master’s in business analytics.

Why study business analytics in Canada?

There are several reasons for pursuing an MS in business analytics in Canada instead of studying an MBA in business analytics in Canada, which include:

Numerous highly-ranked universities in Canada offer master’s programs in business analytics. Some among them

are placed in the list of top 100

institutions globally for the subject.
As per the Bureau of Labor Statistics, the number of jobs in business and financial occupations is predicted to grow by 7% from 2021 to 2031
Canada offers wonderful job prospects in the corporate sector for

business analytics specialists, and the average salary is around CAD 73,713

MS in Business Analytics in Canada- Leading universities

Here are the top universities in Canada for MS in business analytics:

Name of the Institution
Location
University Type
Name of the Course
Average Total Tuition Fees

UBC Sauder School of Business

Vancouver

Public

Master of Business Analytics

CAD 62,658

University of Alberta

Edmonton, Alberta

Public

UAlberta MBA (Business Analytics)

CAD 65,000

Western Ivey Business School

London, Ontario

Public

MSc in Management Business Analytics

CAD 72,000

HEC Montreal

Montreal, Quebec

Public

Master of Science (MSc)- Data Science and Business Analytics

CAD 30,800

Carleton University

Ottawa, Ontario

Public

Master of Applied Business Analytics

CAD 62,000 – CAD 74,000 (fall/winter fees)

CAD 30,000 – CAD 36,000 (summer fees)

York Schulich School of Business

Toronto, Ontario

Public

Master of Business Analytics (MBAN)

CAD 84,100

All About Masters in Business Analytics in Canada: Course Highlights

Best universities

University of Alberta
York Schulich School of Business
Carleton University
Western Ivey Business School
UBC Sauder School of Business

Duration of the program
2 years (1-year programs offered by certain universities)

Core areas in business analytics
Predictive modelling, big data and analytics, data visualization, supply chain analytics, programming for analytics, and energy analytics

Average annual tuition fees for the program
CAD 20,000 – CAD 50,000 per year

Job opportunities
Data Analyst

Business Intelligence Analyst

Data Scientist

Market Research Analyst

Average cost of living
CAD 19,000 – CAD 30,000

MS in Business Analytics in Canada: Expenses

While the cost of studying in MS in Business Analytics in Canada ranges between CAD 20,000 – CAD 30,000 per year, there are some pre-arrival costs incurred before going to study the program, along with an additional cost of living.

Pre-arrival Costs

Particulars
Cost in CAD

Canadian Study Permit
150

Visa
150

University registration fees
Varies as per the university

IELTS/TOEFL fees
250

GRE/GMAT fees
230-250

Flight tickets
Variable

Cost of Living in Canada

Expense
Average annual cost of living

Accommodation
On-campus living: CAD 12,455 – CAD 14,187

Off-campus living: CAD 8,000 – CAD 10,000

Groceries
CAD 4,000

Transportation
A monthly adult transit pass is provided to students by the university

Books and supplies
CAD 1,200

Utilities (cable TV, internet, etc.)
CAD 1,740

Admission Procedure for Masters in Business Analytics in Canada

After analyzing the different options for MSc Business Analytics in Canada, students should shortlist the universities of choice. While the admission process for different universities varies, here are some generic steps that can be followed for a successful application procedure.

Check the eligibility criteria, and upon fulfilling the same, click on ‘Apply Now’
Follow the instructions given on the website and submit the documents asked by the university
Submit the application fees to complete the registration and wait for the results date
Upon receiving the acceptance letter, pay the required tuition fee to pay the amount required for blocking the seat
Apply for a Canadian Student Permit

Eligibility Guidelines

Education of 16 years (10+2+4)

for a master’s degree
Undergraduate degree of four-year with statistics, linear algebra, and calculus as background subjects
Work experience in a field related to

data analytics and computer programming

(might be required by certain universities)
3 GPA on a four-point scale, with average marks between 76-81% or B grade
Scores of GMAT/GRE

as per university requirements
Minimum 5.5 to 7 or 7.5 band score in IELTS and 90-100 in TOEFL

Documents Required:

Official academic transcripts.
Score sheet of GMAT/GRE.
Score sheet of TOEFL/IELTS.
Passport and photograph.
Resume/CV in some cases.
Work experience proof or prior internship certificate if required
2 LORs (Letters of Recommendation)

Can a student pursue Masters in Business Analytics without GMAT?

GMAT is one of the compulsory admission requirements at many institutions in Canada for an MS in business analytics. However, there are some institutions where students can study master’s in business analytics in Canada without GMAT. Applicants with excellent academic track records may be considered without GMAT scores, provided they fulfill certain other criteria mentioned by the university. LORs and interviews also play a crucial role in the success of admission applications.

Job Prospects after MS in Business Analytics

Graduates can pursue rewarding careers after completing their MS in business analytics. Some of the biggest recruiters in the field include CIBC, Deloitte, KPMG, and Air Canada, among others. MS in business analytics is fastly gaining acceptance worldwide owing to the rise in demand for big data specialists. With postgraduate degrees, students can get placed in sectors like media, financial services, retail, healthcare, travel, and more.

Expected Salaries after MS in Business Analytics in Canada

Job title
Average annual salary

Data Scientist
CAD 94,320

Data Analyst
CAD 64, 434

Business Intelligence Analyst
CAD 75,926

Market Research Analyst
CAD 92,493

Business Intelligence Manager
CAD 105,127

Visa Procedure

The visa procedure may be done either online or offline. Students can apply offline with all supporting documents at the visa application centre. They can also submit all documents with the application online before visiting the application centre for the submission of their biometric details. Then the candidate will be called for a personal interview after their application is processed. They will have to provide proof of funds along with taking a medical test.

Available Scholarships

Name
Eligibility
Value

Ontario Graduate Scholarships 2022
The student should be registered full-time in a graduate degree program, and must have achieved a minimum of 80% marks in the last two academic years.
$5,000 per term to a maximum of $15,000 per academic year

Global Citizen Scholarship 2022
Offered by universities supported by MPOWER for international and DACA students
Grand prize: $10,000

Runner up: $2,000

Honorable mention: $2,000

Carleton University- Prestige Scholarships
Highest awards for international students who achieve an admission average of 90 percent or better
Ranges from $21,500 to $30,000, or full-tuition fees

Western Ivey Business School- Richard Ivey MSc Excellence Awards
Awarded to students pursuing the Ivey MSc in Management, with outstanding academic performance, leadership, international engagement, and on the basis of the score in the admission interview.
Valued up to $20,000

Scotia Fellowship
For international students
$10000/year for master’s

HEC Montreal- Entrance Scholarships
Applicable for international students enrolled in MSc degrees having a proven record of distinguished academic records
2 scholarship(s) of $5,000

FAQs

Q1. Is Canada good for MS in Business Analytics?

A. Canada is an excellent country to pursue a master’s degree in business analytics. It will lead to lucrative employment opportunities in leading business sectors and corporate organisations. Along with handsome median salaries, students will be able to study at highly ranked universities with advanced infrastructure. The business analytics program is also under the STEM category, making it even more viable for aspirants.

Q2. Is GRE required for MBA in Canada?

A. GRE scores are widely accepted throughout MBA universities and business schools in Canada. You either have to provide your GMAT score or your GRE score. However, while some institutions have waived off their GRE score requirements, you can consider submitting the same, since it will only add more weight to your application.

Q3. Is business analytics a STEM course in Canada?

A. Yes, business analytics in Canada comes under the STEM category. Naturally, it adds more weightage to the degree and sizably enhances its overall value. The MBA course will be a non-STEM degree so make sure that you keep this in mind before choosing your program.

Q4. Is a business analyst a good career in Canada?

A. Business analysts are in huge demand across Canadian companies and recruiters. They are finding lucrative jobs in sectors like retail, travel, media, financial services, and more. Studying business analytics in Canada gives you global exposure and knowledge that can be fulfilling for your future career.