Masters in Business Analytics in Canada – Your Guide!

masters in business analytics canada

Pursuing masters in business analytics Canada is a wise move if you have an aptitude for both analysis and technology. Completing MS in business analytics in Canada will require a student to study 1-2 years. You can either do an MBA with business analytics specialization or the preferred course option, which is MBAN (masters in business analytics) in Canada. Average tuition fees stand at roughly INR 15-40 lakh for Indian students. At the same time, graduates can earn handsome starting salaries hovering between INR 52-75 lakh annually (approx). 

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. They include: 

  • Numerous highly-ranked universities in Canada offer master’s programs in business analytics. Some among them are highly placed in the list of top-100 institutions globally for the subject. 
  • As per estimates, the number of jobs will rise sharply for business analytics graduates over the next few years. 
  • Canada offers wonderful job prospects in the corporate sector for business analytics specialists. 

MS in Business Analytics in Canada- Leading universities

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

Global Rank

Name of the Institution

Name of the Course

34

UBC Sauder School of Business

Masters of Business Analytics

136

University of Alberta

MBA Business Analytics

201-250

Western Ivey Business School

MS in Business Analytics

137

HEC University

MS in Data Science and Business Analytics

72

McMaster DeGroote School of Business

MBA in Business Analytics

501-600

Carleton University

MS in Business Analytics 

401-500

York Schulich School of Business

Masters of Business Analytics

While requirements differ across universities, many of them accept masters in business analytics Canada without GMAT applications. Check carefully before applying. 

All about Masters in Business Analytics in Canada

There are excellent business analytics jobs in Canada for skilled graduates, thanks to the innovative and advanced curricula at educational institutions in Canada. This 1-2 year program is available for candidates with graduate degrees in data analytics or computer science and even those with backgrounds in mathematics and statistics. 

The core areas include predictive modelling, big data and analytics, data visualization, supply chain analytics, programming for analytics, and energy analytics, among others. Other areas of operation include people, operations, and customer analytics in tandem with accounting analytics. 

MS in business analytics in Canada: Expenses

The approximate tuition fees are roughly around INR 15-40 lakh for Indian students. The rough cost of health insurance is around INR 7.5 lakh, while the visa application fees are roughly INR 17,000-18,000. The cost of living per year is INR 4.5-11.25 lakh approximately. 

Admission Requirements for Masters in Business Analytics in Canada

Here are the application deadlines that you should keep in mind: 

Name of the Institution

Application Deadline

York University

Oct 7
Nov 25

UBC

Oct 26

UWO

Sept 28

UAlberta

Apr 15
Nov 15

McMaster

Mar 1

Carleton University

Currently Open (Sept)

HEC Montreal

Mar 15

 

Eligibility Guidelines: 

  • Education of 16 years (10+2+4).
  • Undergraduate degree of four-year with statistics, linear algebra, and calculus as background subjects
  • Experience of data analytics and computer programming. 
  • 3 GPA on a four-point scale, with average marks between 76-81% or B grade. 
  • Scores of GMAT/GRE. 
  • Scores of TOEFL/IELTS. 
  • Work experience in some cases. 

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 if required. 
  • LOR (Letter 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 MS in business analytics. However, there are some institutions where you can study masters in business analytics canada without GMAT. Applicants with excellent academic track records may be considered without GMAT scores. However, you should contact the universities for further confirmation in this regard. You can also alternatively submit GRE scores to qualify at some institutions. LORs and interviews also play a crucial role in the success of admission applications. 

Job Prospects after MS in Business Analytics

International applicants 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 fast 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

Average salaries may hover between USD$50,000-70,000 for graduates which is roughly INR 37.5-52 lakh per year. Certain job roles include business analysts, management analysts, data analysts, business intelligence analysts, business data analysts, revenue management specialists, system analysts, innovation managers, and financial analysts. 

Visa Procedure

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

Available Scholarships

  • University of British Columbia- Asia Top Talent International Scholarship
  • Carleton University- Merit-Based Scholarship
  • Western Ivey Business School- Merit-Based Scholarship
  • York Schulich School of Business- Merit-Based  Entrance Scholarship and also the International Student Award
  • McGill University- Entrance Scholarships + Scotiabank Fellowship
  • HEC Montreal- Entrance Scholarships
  • McMaster University- Provost Entrance Scholarship and the Woo Family International Scholarship 

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.

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