MBA-Colleges-in-Canada-vs-MBA-in-India-Which-one-should-you-choose-min

MBA in Canada vs MBA in India: Which one should you choose?

Source: Canadian MBA Alliance

MBA Abroad for Indian Students

Despite having over 3000 B-schools all over India, there are hardly any MBA colleges apart from IIMs and few private colleges like XLRI & ISB that stands at par with MBA colleges abroad for Indian Students. Moreover, the competition is so high that out of 2 lakh applicants only 1% students reach these top B-schools.

Meanwhile, due to lack of quality educational institutes and rising competition, more and more students are moving abroad to pursue education abroad under International environment to have global exposure. IIMs are a league apart, so choosing a foreign university over IIMs hardly makes any sense.

Therefore, the question boils down to whether to pursue a degree from an average B-schools in India or to look for an option abroad?

Is MBA from Canada Better?

When it comes to foreign countries that provide world-class MBA programs US, UK, Canada and Australia are some of the most favoured countries that students look to explore. Due to very tough restrictions on international students who want to stay and work in US, UKCanada and Australia are becoming the next potential destination by attracting the talented students to their programs.

Some critical questions that, I believe, every MBA aspirant encounters while thinking of studying abroad. But would it be worth it to study MBA from a Canada? Are there any major benefits of studying in Canada? What will be the cost of studying in Canada? Is there any salary difference between India and Canada? How long would it take to get a return on your investment keeping in mind the high expenses?

Let us critically analyse the major benefits of studying MBA in Canada over studying in India


Read More: Best Courses and Universities in Canada


MBA in Canada vs MBA in India- Where should you study?

With an increasingly larger number of aspirants looking at MBA abroad, what are the pros and cons of an MBA in India vs. MBA in Canada?  This decision depends on a number of factors and ultimately has to come from you. We present these factors before you to help you in making this vital decision.

Following are the factors that affect your MBA program. The factors are explained in terms of both MBA in Canada and MBA in India to make a comparison between the two.


Read More: The Ultimate Guide to MBA Abroad for Indian Students


MBA in Canada vs MBA in India- Course Details

MBA in Canada is typically divided into two parts: 2-year programs from universities, and 1-year program from colleges. Most of the Canadian universities require a work ex. of minimum 3 years, unlike Indian colleges where one can pursue MBA straight after graduation.

With over 80 universities and colleges offering MBA programs, Canada not only offers conventional MBA programs like finance, marketing, and HR, but also offers management courses from a varied field like sports management, entrepreneurship, etc. Students also have the luxury to customize their electives.

MBA courses in India come in a wider variety of formats. The most common types of MBA courses in India are as follows:

  • Full-time MBA
  • Executive MBA
  • Part time MBA
  • Correspondence Course
  • Distance MBA Courses
  • Online MBA courses 

The Duration of the MBA courses in India is 2 years, the typical full-time MBA student takes three courses, per semester. Most full-time programs feature two semesters per academic year, which means students can expect to complete their degree two full years after they began the program.

The courses offered by Universities of Canada is wider than B-schools of India. Thus Canada offers you a wide range of courses in the management field to choose from.


Read More: Check the ultimate guide to top colleges for MBA in Canada.


Cost of doing MBA in Canada vs Cost of doing MBA in India

Doing MBA in Canada is a lot cheaper when you compare it with US, UK, and Australia because almost all universities in Canada is funded and overseen by the federal and local government. However, the cost is a bit on the higher side when you compare it with the global average. Despite various scholarships available for master’s program, there are scarcely any for MBA programs. So, the students have to bear all the cost of studying MBA.

Comparing MBA in India with MBA in Canada, the Universities in Canada costs around CAD$ 70000 -100000 (Rs 35–50 lakhs), however, the 1-year MBA program form colleges costs CAD$ 30000–40000 (Rs 15–20 lakhs). Accommodation and living expenses in Canada costs CAD$ 10000 (Rs 5 lakhs) per year. On the other hand, Indian B-schools charge Rs 15–25 lakhs for pursuing a 2-year MBA program.

Even though the cost of MBA from Canada will be higher as compare to that of India but there are financial aids available for students to finance their international studies. There are millions of scholarships available globally for Indian students.

Apart from scholarships, there are education loans that act as a financial aid for abroad studies. Thus government and well-recognized universities globally make sure that cost of studying never become a hindrance.


Read Here: Undergraduate Scholarships in Canada


MBA in Canada vs MBA in India- Employability and Salary Expectations

According to the QS TOPMBA.com report, almost 90% of students who do MBA from top Canadian universities get placed every year with an average pay of CAD$ 90000 (Rs45 lakhs) and the median pay of CAD$ 80000 (40 lakhs).

Under Student Partnership Program (SPP), it is mandatory for colleges providing 1-year MBA to maintain 80% employability rate. Students pursuing this program get placed with an annual salary of around CAD$ 60000-72000 (Rs 30–36 lakhs).

In India, only students doing MBA from top universities get an average package of Rs 15–20 lakhs, while an average package of around Rs 6–10 lakhs from other private colleges.

Thus in terms of employability and salary expectation, MBA in Canada is advantageous in comparison to MBA in India.


Register here for a quick shortlist of MBA colleges in Canada


MBA in Canada vs MBA in India- Returns on Investment

One of the reasons why MBA students flock to Canada is due to its work laws upon graduation. Under their law, students can extend their visa up to 3-years after completing a 2-year or 1-year degree respectively. Due to these work permit rules students can pay the loans easily because now they will earning in CAD$ and paying in Indian Rupees.

According to the same report of QS TOPMBA.com, it takes around 44 months after completing 2-year MBA to recoup the initial payments considering both the program cost and forgone salary of an earlier job. While it takes 2-years for 1-year MBA graduates. On similar lines, students passing from Indian B-schools payback in around 3–4 years.

The returns after MBA plays out over the entirety of one’s career. According to the study, those pursuing MBA from top Canadian universities is better off by CAD$ 670k (Rs 3.35 Cr.) within 10-years.

Although Job market for MBA graduates is always hungry for prospective students, when it comes to choosing a candidate, students with International exposure will always have a better hand. Canada, thus, with many low restrictions for PR and no dearth of opportunity proves to be a viable option for Indian students who are looking to pursue MBA.


Also Read

  1. Percentage to CGPA Calculator for Engineering Students
  2. BBA Subjects- Full Form, Core, and Elective Subjects
  3. What is Joining Letter?
  4. Professional Courses after Graduation
  5. Courses In Canada After 12th – Updated List for 2020
  6. Experience Letter/Certificate – Formats and Samples
  7. Ph.D. after MBA
  8. Computer Courses List
  9. CA Subjects – Course wise Details
  10. Bonafide Certificate

What are the top Universities for MBA in Canada?

1. Rotman School of Management

The University of Toronto’s Rotman School of Management maintains its position at the highest place of this year’s top business schools in Canada. The Rotman School is well symbolized in the latest ‘Thinkers50’ biennial ranking of the most powerful figures in management. 

2. Ivey Business School

The Ivey Business School has moved from third to second in the Canadian MBA rankings. This institute’s first program was established in 1948 and is still running strong to benefit the student population. 

3. Sauder School of Business

Vancouver’s Sauder School of Business has significantly recovered in its ranking from last year after it was placed in the seventh position among the top business schools in Canada. Presently, it’s up to third with the country’s second-highest gain in the academic segment which now forms 15% of the regional MBA rankings by QS.

4. Desautels Faculty of Management at McGill University

The Desautels Faculty of Management managed under McGill University,is placed fourth in Canada’s top 10 business schools in the current year. Apart from its full-time MBA, Desautels even provides a bilingual EMBA along with HEC Montréal and a weekend MBA program active in Japan from the institution’s base in Shinjuku, Tokyo.

5. Schulich School of Business

Schulich School of Business is one of the most renowned institutions in Canada which offers professional MBA courses. It provides a 16 month program which covers an integrated process to general management fundamentals.


Read More: Top 5 MBA colleges in Canada


According to the htcampus report, only 30% students return India after studying abroad. At the same time, Canadian laws do not put many restrictions when it comes to applying for a PR. Canada, thus, with much lower restrictions for PR and no dearth of opportunity proves to be a viable option for Indian students who are looking to pursue MBA.

Thus, to sum up we can say that pursuing MBA in Canada has many advantages over pursuing MBA in India. But irrespective of which school you get into in India or abroad, you need to prove yourself once you join the workplace. You need to market and sell yourself, having the MBA behind you.

What are your thoughts on pursuing MBA in Canada? Do share in the comments section below. Also, do share your suggestions and feedback.


Read More


FAQs

Q. Is it better to do MBA in India or abroad?

Over 3000 B-schools all over India, there are hardly any MBA colleges apart from IIMs and few private colleges like XLRI & ISB that stands at par with MBA colleges abroad for Indian Students. Moreover, the competition is so high that out of 2 lakh applicants only 1% students reach these top B-schools.

Q. Which are the best college for MBA in Canada?

Here is the list of top-ranking MBA colleges in Canada:

1. Ivey Business School, University of Western Ontario
2. The Joseph L. Rotman School of Management, University of Toronto
3. The Desautels Faculty of Management, McGill University
4. Schulich School of Business, York University
5. The Smith School of Business, Queen’s Universit
6. The UBC Sauder School of Business, University of British Columbia
7. HEC Montréal
8. Alberta School of Business
9. DeGroote School of Business, McMaster University
10. Sobey School of Business, Saint Mary’s University

Q. How to get a scholarship for MBA in Canada?

There are many scholarships offered if you are interested in doing MBA in Canada. Every scholarship has different eligibility requirements and an application package. Here are the top MBA scholarships in Canada that you can apply for:
1. Ontario Graduate Scholarship (OGS) Program
2. Rotman School of Management Scholarships
3. Sauder School of Business Entrance Scholarship
4. Alberta MBA Scholarships
5. Ivey MBA Scholarships
6. Haskayne School of Business MBA Entrance Scholarships
7. Schulich School of Business Scholarships

Q. What salary after MBA in India?

In India, only students doing MBA from top universities get an average package of Rs 15–20 lakhs, while an average package of around Rs 6–10 lakhs from other private colleges. While 90% of students who do MBA from top Canadian universities get placed every year with an average pay of CAD$ 90000 (Rs45 lakhs) and the median pay of CAD$ 80000 (40 lakhs).

/ Canada, MBA, Study Abroad / Tags: , , ,

Search Posts

About the Author

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world’s # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

Share the Post

Comments (28)

  1. cialis alternative :

    buy cialis usa cialis pills

  2. aufräumtipps :

    Thanks for every other informative blog. The
    place else may just I am getting that type of info written in such a perfect
    way? I’ve a venture that I am just now operating on,
    and I have been on the look out for such info.

  3. 밤알바 :

    each time i used to read smaller articles which as well clear their motive, and that
    is also happening with this paragraph which I am reading here.

  4. idnplay poker88 :

    What’s up, I wish for to subscribe for this website to get newest updates,
    therefore where can i do it please assist.

  5. Zahradní slunečníky :

    Yes! Finally something about Zahradní nábytek.

  6. sell my houston house :

    Nice post. I was checking continuously this blog and I
    am impressed! Extremely helpful information particularly the last part :
    ) I care for such information a lot. I was seeking this certain info for a long time.

    Thank you and good luck.

  7. radio online :

    If you are going for finest contents like I do, only pay a visit this website
    everyday since it gives quality contents, thanks

  8. cialis generic :
  9. Patricksably :

    gay dating show on fox
    manhunt online gay dating
    gay lesbian dating websites

  10. here :

    The NBA does not permit wagering on its games by way of the
    Ontario Lottery, exactly where the Toronto Raptors play.

  11. hydroxychloroquineEr :

    chloroquine mechanism of action chloroquine buy on line hydroxychloroquine 200 mg tablets

  12. best site :

    Ꮋi, the whole thing is going perfectly here and ofcouгse every one is shaгing data, that’ѕ in fact eхcellent, keeⲣ upp writing.

  13. Patrickvioxy :

    cialis price cialis 20 mg

  14. Patricksably :

    top 10 gay guys dating sides
    chubs gay dating site
    gay dating website

  15. สมัคร sagaming :

    Greetings from Ohio! I’m bored to death at work so I decided to check out your site
    on my iphone during lunch break. I really like the
    information you present here and can’t wait to take a
    look when I get home. I’m shocked at how quick your blog loaded on my mobile ..

    I’m not even using WIFI, just 3G .. Anyhow, great blog!

  16. Michaelkag :

    dating gay bigger men
    gay inscest roleplay dating
    gay bi dating sites

  17. get more info :

    You’re so interesting! I don’t believe I’ve read through something like this before.
    So good to find someone with unique thoughts on this subject
    matter. Seriously.. thanks for starting this
    up. This site is one thing that is needed on the web, someone
    with a little originality!

  18. Cuban Cigars Montecristo :

    This paragraph is genuinely a fastidious one it helps new the web visitors,
    who are wishing for blogging.

  19. HenryWhomi :

    the best gay dating website
    gay dating website seattle
    gay chinese dating

  20. Homepage :

    I’m not that much of a internet reader to be honest
    but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to
    come back later. Many thanks

  21. a cool way to improve :

    Definitely belieᴠe thаt which you stated. Your favorite justification aрpeared to
    be on the web the simplest thing to be aware of. I say too
    you, I definiteⅼy get irked while people think about worrіes thast they plainly don’t know about.
    You managed to hit the naiⅼ upon thе top and also
    defined ᧐ut the whole thing without having sіɗe effect , peokple can tawke a
    signal. Will probably be back t᧐ get more.
    Thanks

  22. HenryWhomi :

    gay mature men dating
    gay online dating site free
    gay dating new jersey

  23. zithromaxesKi :

    zithromax 250 mg price when to take zithromax what does zithromax cure

  24. livecam :

    I’m not that much of a internet reader to be honest but your blogs really nice, keep it up!
    I’ll go ahead and bookmark your website to
    come back in the future. All the best

  25. Anjing :

    We’re a group of volunteers and opening a new scheme in our community.
    Your site provided us with valuable information to work on. You’ve done an impressive job and our whole community will
    be thankful to you.

  26. Dusty :

    You made a few fine points there. I did a search on the theme and
    found a good number of folks will agree with your blog.

  27. hydroxychloroquineEr :

    hydroxychloroquine and covid chloroquine malaria hydroxychloroquine classification

  28. how to get a dealer license :

    Hi there! Someone in my Facebook group shared this site
    with us so I came to check it out. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my
    followers! Wonderful blog and superb style and design.

Leave a Reply

Your email address will not be published. Required fields are marked *