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Masters in Business Analytics in Canada – Your Guide!

Updated on 14 December, 2023

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 InstitutionLocationUniversity TypeName of the CourseAverage Total Tuition Fees
UBC Sauder School of BusinessVancouverPublicMaster of Business AnalyticsCAD 62,658
University of AlbertaEdmonton, AlbertaPublicUAlberta MBA (Business Analytics)CAD 65,000
Western Ivey Business SchoolLondon, OntarioPublicMSc in Management Business AnalyticsCAD 72,000
HEC MontrealMontreal, QuebecPublicMaster of Science (MSc)- Data Science and Business AnalyticsCAD 30,800
Carleton UniversityOttawa, OntarioPublicMaster 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 BusinessToronto, OntarioPublicMaster 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 program2 years (1-year programs offered by certain universities)
Core areas in business analyticsPredictive modelling, big data and analytics, data visualization, supply chain analytics, programming for analytics, and energy analytics
Average annual tuition fees for the programCAD 20,000 – CAD 50,000 per year
Job opportunities

Data Analyst

Business Intelligence Analyst

Data Scientist

Market Research Analyst 

Average cost of livingCAD 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

ParticularsCost in CAD
Canadian Study Permit150
University registration feesVaries as per the university
GRE/GMAT fees230-250
Flight ticketsVariable

Cost of Living in Canada

ExpenseAverage annual cost of living

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

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

GroceriesCAD 4,000
TransportationA monthly adult transit pass is provided to students by the university 
Books and suppliesCAD 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 titleAverage annual salary 
Data ScientistCAD 94,320
Data AnalystCAD 64, 434
Business Intelligence AnalystCAD 75,926
Market Research AnalystCAD 92,493
Business Intelligence ManagerCAD 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

Ontario Graduate Scholarships 2022The 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 2022Offered 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 ScholarshipsHighest awards for international students who achieve an admission average of 90 percent or betterRanges from $21,500 to $30,000, or full-tuition fees
Western Ivey Business School- Richard Ivey MSc Excellence AwardsAwarded 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 FellowshipFor international students$10000/year for master’s
HEC Montreal- Entrance ScholarshipsApplicable for international students enrolled in MSc degrees having a proven record of distinguished academic records2 scholarship(s) of $5,000


Is Canada good for MS in Business Analytics?

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.

Is GRE required for MBA in Canada?

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.

Is business analytics a STEM course in Canada?

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.

Is a business analyst a good career in Canada?

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.

Pratishtha Ghosh

A post graduate in Journalism and Mass Communication, Pratishtha enjoys penning down things significant. What interests her the most is exploring and researching on gamut of study abroad.

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