MBA is one of the most popular postgraduate programmes opted by students of India to get better exposure, explore more opportunities, drive their career path or become successful entrepreneurs.
While there are many top-ranked B-schools in India, many Indian students do not get the opportunity to enrol in them because of various factors including competition, lack of seats and a large number of students applying for admission. Having said that, getting an MBA from a business school abroadplays a greater role in expanding ones career horizons, getting attractive compensation, enhancing networking opportunities andacquiringmore leadership skills and business management principles.
With the United States being home to almost 50% of top universities offering MBA as per the QS Global MBA rankings 2021, the country is likely to be the first choice of every study abroad aspirant. Nevertheless, a number of Canadian universities can be found among the top 100 universities offering the best MBA programmes in the world.This article provides a comprehensive comparison between MBA in theUS and MBA in Canada.
Our study abroad expert team has helped a large number of students to make a perfect choice that is right for them while the best part is that the majority of them have availed this benefit and now are studying comfortably in the country of their choice. Know More.
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MBA in Canada VS MBA in the US
Following is the comparison between MBA in Canada and an MBA in the USA based on various parameters:
Comparison Parameter |
MBA in Canada |
MBA in the US |
Duration |
Most of the full-time MBA programmes in Canada are of a duration of 2 years. However, there are some MBA programmes that may be 18 months long |
Full-time MBA programmes are of a duration of two years but many MBA programmes can also be completed in one year |
Eligibility Criteria |
A Bachelors degree in any discipline |
A Bachelors degree in any discipline |
Admission Process |
Candidates must appear in GMAT and English Language Test (TOEFL, IELTS) and apply for admissions to the desired university on the basis of the scorecard. |
Candidates must appear in GMAT and English Language Test (TOEFL, IELTS) and apply for admissions to the desired university on the basis of the scorecard. |
Exams |
GMAT, TOEFL, IELTS. |
GMAT, TOEFL, IELTS. |
Top MBA Specialisations |
Finance, Entrepreneurship, Supply Chain/Logistics, Business Analytics |
Accounting, Finance, Business Analytics, Entrepreneurship, Production/ Operations, Management, Supply Chain/Logistics, Project Management |
Average Fees |
USD 70,000 per year |
USD 120,000 per year |
Visa |
||
Financial Support |
Scholarships and Education loans |
Financial support is provided to students through scholarship, education loans and fellowships. |
Salary |
USD 115,800 per annum |
USD 94,300 per annum |
Cost of Living |
USD 1196 to 1595 |
USD 3,000 to USD 3,500 |
DoesPursuing an MBA Abroad Sounds Appealing to You?
Reasons to Pursue an MBA from the US
Following are some good reasons to pursue an MBA from the US:
Highest-Ranked MBA Institutions
As mentioned in the beginning, the USA has the highest number of prestigious MBA colleges in the world. Stanford University has managed to retain its top spot in the 2020 edition of QS Global MBA Rankings. In fact, it is the country that introduced the MBA degree programme to the world. Pursuing an MBA from one of the elite MBA institutes of the US gives an edge over MBA graduates from other parts of the world.
Thriving Employment Opportunities
MBA is one of the most lucrative professional degree programmes offered in the US. The country offers ample employment opportunities to MBA graduates as the corporate giants are the largest employers in the country. The MBA graduates are hired by some of the top recruiters in the country including McKinsey & Company, Bain & Company, the Boston Consulting Group (BCG), Google and Microsoft. Almost all US universities offer 360-degree career assistance, make students industry-ready and connect them with the leading recruiters hiring for hot jobs such as marketing manager, financial manager, business operations manager, database administrator and many more.
Quality Education
The US has world-class educational resources along with highly skilled and experienced faculty. Effective teaching, support and learning opportunities pave the way for students to excel at both academic and personal levels.
Students enrolled in MBA degree programmes at leading US universities discover the bridge to the real business world. The course helps them acquire advanced knowledge which further gives them an advantage in a competitive job market.
Also Read:Top Universities in Canada to Study MBA
PopularUniversities in the US to Pursue MBA
Check out the list of popular USuniversities offering MBA programmes:
University |
Courses Offered |
Duration |
Annual Fee (in INR) |
Stanford Graduate School of Business |
MBA |
21 months |
51,80,096 |
Harvard Business School |
MBA | 21 months | 52,06,896 |
MBA |
- |
15,40, 019 |
|
MBA |
1 year |
37,43,520 |
|
Suffolk University |
MBA - Marketing |
11 months |
32,30,913 |
Suffolk University |
MBA - Finance |
11 months |
33,47,898 |
MBA |
11 months |
32,30,913 |
|
MBA |
- |
18,38, 792 |
|
Executive MBA |
22 months |
29,77,800 |
|
MBA |
- |
12,64, 005 |
|
Executive MBA |
20 months |
40,70,227 |
|
MBA |
22 months |
21,48,412 |
|
M.B.A MBA |
18 months |
13,81,061 |
|
Financial Management, MBA |
18 months |
22,67,382 |
|
Executive MBA |
23 months |
15,34,914 |
|
MBA |
- |
23,08,291 |
|
MBA |
23 months |
29,78,084 |
|
Adelphi University |
MBA Management with Specialization in Management Information Systems |
- |
22,29,096 |
Adelphi University |
MBA Management with Specialization in Marketing |
- |
22,29,096 |
MBA Management with Specialization in Finance |
- |
22,29,096 |
|
Adelphi University |
MBA Management with Specialization in Accounting |
- |
22,29,096 |
Adelphi University |
MBA Management with Specialization in Human Resource Management |
- |
22,29,096 |
Adelphi University |
Global MBA |
- |
34,55,099 |
Also Read:Top 100 MBA Programs With GMAT/GRE Waiver in 2021
Why Pursue an MBA in Canada?
Canada boasts of more than 3 lakh students from outside Canada and every year the number of students getting enrolled for admission in top courses like MBA keeps on increasing. Students get an exposure to multiculturalism and later on expect a high standard of living. Adding reasons to do MBA in Canada are given below:
The Standard of Education
The B-schools of Canada offer quality education along with an updated curriculum and exposure to innovative learning opportunities. The institutions provide a quality education and the courses are designed as per the requirements of industry and the business world. Although Canada offers less number of specialised degree programmes as compared to the US, it provides an excellent learning environment that contributes to the personal and professional growth of a student.
Unlike US universities, the popular B-Schools in Canada such as the University of Torontos Rotman School of Management, McGill University, Ivey Business School, amongst others provide affordable education without compromising on world-class resources and infrastructure.
Job Opportunities
Toronto has created a huge number of management and tech-related jobs in the past five years. Almost every Canadian university works with a variety of industries to offer more and better work placement programmes. International graduates can obtain a Post-Graduate Work Permit (PGWP) after completing their MBA programme and work with any company of repute in Canada for up to three years. According to the World Bank Annual Report 2018, Canada stands at the second position among easiest places in the world to start a business.
Immigration Options
After the completion of the course, an international student can apply for an immigration process and can avail an option to work legally in the country. The immigration process in Canada is easier as compared to other countries and especially the US. If one wants to live in the country as a permanent resident after graduation, they can apply to an applicable immigration programme like the Canadian Experience Class.
Scholarships
Any university in Canada offers umpteen internal and external scholarship opportunities that international students can opt for. Such scholarships primarily depend on merit of the student apart from other criteria such as prior work experience, academic excellence, leadership qualities, etc.
Also Read:Top Universities in the USA to Study MBA
List of Top Universities in Canada to Pursue MBA
Check out the list of top Canadian universities offering MBA programmes:
Name of the University/B-School |
Duration |
Tuition Fees |
19 months |
INR 27,00,000 |
|
20 months |
INR 24,18,130 |
|
12 months |
NA |
|
20 months |
INR 24,18,130 |
|
Schulich School of Business |
16 months |
INR 28,27,854 |
20 months |
INR 8,97,697 |
|
16 months |
NA |
|
12 months |
INR 8,80,308 - 11,20,763 |
|
16 months |
INR 14,43,705 - 31,51,720 |
ROI of an MBA in Canada vs ROI of an MBA in US
ROI is one of the most important when deciding where to pursue an MBA - in the US or Canada. Return on investment is the financial ratio used to calculate the amount of return or benefit one will receive on a particular investment (in this case, an MBA), relative to the performance or efficiency of the investment.
After completing an MBA from a Canadian B-School, you can expect an overall average compensation of $94,300 a year with average bonuses of $11,300 and base salaries around $83,000.
In the US, the margin is slightly higher with MBA graduates earning average bonuses of $18,800 and overall salaries averaging an impressive $120,900.
Country |
Total Average Tuition Fees (USD) |
Average Base Salary (USD) |
Bonus (USD) |
Total (USD) |
US |
$120,000 |
$97,000 |
$18,800 |
$115,800 |
Canada |
$70,000 |
$83,000 |
$11,300 |
$94,300 |
MBA in Canada VS MBA in the US: Jobs by Salary
To further give a better idea of the ROI of an MBA in Canada vs inthe US, here are the top job positions along with their salary ranges offer by organisations inboth countries:
MBA in Canada |
MBA in the US |
||
Job Title |
Salary Range (USD) |
Job Title |
Salary Range (USD) |
Project Manager |
$50,210 - $94,841 |
Project Manager |
$60,000 - $134,000 |
Marketing Manager |
$40,646 - $85,277 |
Senior Financial Analyst |
$71,000 - $103,000 |
Chief Executive Officer (CEO) |
74,917 - $200,841 |
Chief Executive Officer (CEO) |
$95,000 - $347,000 |
Chief Financial Officer (CFO) |
$77,308 - $178,525 |
Chief Financial Officer (CFO) |
$107,000 - $244,000 |
Management Consultant |
$49,413 - $99,623 |
Business Development Director |
$84,000 - $184,000 |
Financial Controller |
$53,398 - $94,841 |
Chief Operating Officer (COO) |
$96,000 - $264,000 |
Financial Analyst |
$36,661 - $62,962 |
Marketing Director |
$71,000 - $165,000 |
Also Read: List of International Universities Accepting CAT Scores in 2022
Throughout the years, our study abroad experts have helped thousands of students to make theright choice, with the best part being that most of them have taken advantage of this service and are studying MBA in the university of their choice. Know More.
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Hope this article helps you find the ideal US or Canadian B-school. Write to us atabroad@collegedekho.com to get further assistance in getting into the institution of your choice.
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