Canada or USA? Which is better for Pursuing MBA

By Neha Kumari Sept. 15, 2020, 7:48 p.m.

Both the US and Canada are top study abroad destinations to pursue an MBA. To know which is the right choice for you, check the detailed comparison here.

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 to become a successful entrepreneur.  

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 large number of students applying for admission. Having said that, getting an MBA from foreign universities plays a greater role in expanding one’s career horizons. 

With the United States being home to almost 50% of top universities offering MBA as per the QS Global MBA rankings 2020, 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 the US and MBA in Canada. 

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 which maybe 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 Bachelor’s degree in any discipline

A Bachelor’s degree in any discipline

Admission Process 

Candidates must appear in GMAT and English Language Test (TOEFL, IELTS) and apply for admissions in the desired university on the basis of the scorecard. 

Candidates must appear in GMAT and English Language Test (TOEFL, IELTS) and apply for admissions in 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 

INR 20 Lakh per year

INR 30 Lakh per year

Visa

Study Permit 

F1 Student Visa

Financial Support 

Scholarships and Education loans

Financial support is provided to students through scholarship, education loans and fellowships. 

Salary 

CAD $1,00,000 per annum

US$ 1,00,000 and US$ 2,00, 000 per annum. 

Cost of Living 

CAD$ 1,500 to 2,000

USD $ 3,000 to USD $ 3,500

Also Read: Top Master of Data Science Universities in Canada

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. The 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 the advantage in a competitive job market.

List of Top Universities in the US to Pursue an MBA

Check out the list of top US universities offering MBA programmes:

Name of the University/B-School

Duration

Tuition Fees

The Wharton School

21 months

INR 54,29,522

Stanford Graduate School of Business

21 months

INR 51,80,096

MIT Sloan School of Management

24 months

INR 52,60,780

Harvard Business School

21 months

INR 52,06,896

The University of Chicago Booth School of Business

21 months

INR 76,57,200

Auburn University

17 months

INR 20,48,301

University Of Dayton

NA

INR 12,64,005

George Mason University

23 months

INR 29,78,084

California State University Sacramento

2 years

INR 15,47,695

Hofstra University

20 months to 2 years

INR 21,00,000 - 41,00,000

Also Read: Top Countries to Study MS in Computer Science

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 to reasons to choose Canada for an MBA 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 Toronto’s 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.

List of Top Universities in Canada to Pursue an MBA

Check out the list of top Canadian universities offering MBA programmes:

Name of the University/B-School

Duration

Tuition Fees

University of Toronto- Rotman School of Management

19 months

INR 27,00,000

Queen’s University- Stephen JR Smith School of Business

20 months

INR 24,18,130

Western University- Ivey Business School

12 months

NA

McGill University

20 months

INR 24,18,130

Schulich School of Business

16 months

INR 28,27,854

University of Alberta

20 months

INR 8,97,697

University of British Columbia

16 months

NA

HEC Montréal 

12 months

INR 8,80,308 - 11,20,763

Sobey School of Business, Saint Mary's University

16 months

INR 14,43,705 - 31,51,720

Hope this article helps you find the ideal US or Canadian B-school for you. Write to us at 

abroad@collegedekho.com or call us at 785 9990 990 to get further assistance in getting into your institution of choice. 

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