A Complete Guide to Study MIM in Canada for Indian Students.

MIM stands for Masters in Management. It’s a postgraduate degree designed for recent graduates with limited work experience who aim to develop a strong foundation in business and management.

Graduates of MIM programs in Canada enjoy excellent career prospects. They can pursue roles in various industries, such as finance, consulting, marketing, and operations. Many students choose to stay in Canada after graduation due to the favorable job market.

Would you like to know more about specific universities, program details, or the application process? In this blog, we’ll cover everything about studying MIM in Canada.

Why Choose a Masters in Management in Canada?

1. Great place to live: Canada ranks third globally for the best quality of life (source). You get the same rights as Canadians.
2. Lower costs: Tuition fees in Canada are generally lower than in Australia, the U.K. and the U.S. (source).
3. Good job prospects: Many international students who study in Canada get jobs and even permanent residency.
4. Work while studying: You can often work part-time while studying and full-time after graduating.
5. Strong alumni network: Canadian business schools maintain active alumni networks that provide mentorship, job referrals, and networking opportunities.
6. Course Variety: Canada offers a wide range of courses. Therefore, You can choose a subject that interests you and suits your goals.
7. Global Ranking: Many Canadian universities rank among the top 100 in the world for business and management (according to QS).

MIM VS MBA in Canada: Which one is better?

The answer depends on your career goals and experience level.

Confused between MIM and MBA? Contact our experts for a personalized consultation and make the best choice for your career!

Academic Requirements to Study MIM in Canada

• You must have been accepted by DLI – Designated Learning Institution in Canada.
• You must fulfill the academic requirements for your chosen program.
• Take English Language Proficiency tests, such as IELTS, PTE, or TOEFL.

What language proficiency exams do you need to take to study MIM in Canada?

• IELTS: For Qualifying, The IELTS Score must be at least around (6.0-7.0). The IELTS test is designed for the Visa and Immigration Process.
• TOEFL: For TOEFL, the Score must be around at least (85-100) The duration of the test is around 4 hours, taken either online or paper-based test
• PTE: The Score must be around at least (65-70) for PTE. The test is Organized by CRELLA.
• CAEL: For CAEL, the Score must be around (65-70). It consists of 40% in reading and the other for three sections is, 20%

What documents are required to Study MIM in Canada?

• Academic Transcripts, CV, resume, LOR- Letter of Recommendation
• SOP- Statement of purpose, IELTS/ TOEFL GMAT/ GRE, Work Ex. Certificate (if any)
• Reference Letter

Cost of Studying MIM in Canada

The cost incurred for a Masters in Management in Canada ranges from CAD 15000 to 70000 every year, totally depending on the school and programs chosen by the student.

The cost of living in Canada depends on the student’s lifestyle and choices. The estimated cost for studying in Canada for international students is 15000 – 20000 CAD.

Scholarships for Masters in Management in Canada

Students who are interested in studying MIM in Canada can apply for different scholarships. The no. of scholarships are given below.

1) Ritchie-Jennings Memorial Scholarship

The Scholarship is applicable for Bachelor’s and Master’s Degrees.

Scholarship per student: 10000 USD

2) QS Undergraduate Scholarship

Here at QS World Merit, the World Merit Charity Organization and Quacquarelli Symonds jointly award QS World Merit Scholarships, which are meant for tuition fees.

Scholarship per student: $5000

3) Narotam Sekhsaria’s Scholarships:

The Scholarship is useful for a Master’s Degree for all universities in the US and Canada. 

Scholarship per student: Upto 2 Million INR

4) Jared J. Davis Grant

Here, a Scholarship is given to the Students who write an essay as part of the Application process.

Scholarship per student: $1000

5) Ontario Graduate Scholarships – Other Master Programs

This is offered when you’re pursuing an MASc in Aerospace Science and Engineering,  MSc in Artificial Intelligence, or MS in Computer Science.

Scholarship per student: 5000 CAD

Must Read: Scholarships for study in Canada

Looking for scholarships to fund your MIM? Contact us to find out which opportunities you’re eligible for and how to apply!

Career Opportunities after Master’s in Management (MIM) in Canada

To, Study MIM in Canada is one of the best options available for students who are interested and looking for professional growth. There are several other career opportunities available after completing a Masters in Management in Canada. 

1. Project Management: MIM graduates hold strong project management skills, and they can pursue their careers as project managers. The starting Salary for Project Managers is 83000 CAD.
2. Business Development and consulting: MIM graduates work for consulting firms responsible for managing operations.The starting Salary for Business Development and consulting is 91000 CAD.
3. Entrepreneurship and Startups: MIM Graduates are skilled in entrepreneurship, which motivates students and graduates to start their startups, as Canada provides a supportive ecosystem for entrepreneurs with abundant resources, funding, and mentorship is available.The starting salary for startup employees in Canada is 98779, for entry-level is 43457 CAD, and for entrepreneurs at private companies ranges from 115000 to 124000 CAD.
4. Management Analyst: Management Skills involve critical thinking, analytical skills, communication, problem-solving abilities, and business understanding. The starting salary is around $65000-$150000.
5. Supply chain Analyst: As a Supply Chain Analyst, you need strong analytical skills, an understanding of supply chain processes, and the ability to work with data. The starting salary is around $50,000-$75000.
   
6. Marketing Coordinator: Marketing Coordinators are responsible for managing and coordinating various marketing materials. The starting salary of a Marketing Coordinator is  $40,000-$60000.
7. Human Resources: MIM Graduates are responsible and involved in the recruitment, screening, interviewing, and placement of workers. The starting salary is $45000- $70000.
8. Financial Analysts: Financial Analysts are known for playing a crucial role in analysing market conditions; financial analysts work in various sectors like banks, hedge funds, and insurance companies. The starting salary of a Financial Analyst is $60000-$100000.
9. Sales Manager: Sales Managers are known for handling the sales team and managing the sales target. The starting salary is around $60000-$120000.

Read More: Highest Paying Part-Time Jobs 

5 Top Notch Universities & Colleges to Study MIM in Canada

1) Queen’s University- Smith School of Business (Kingston)

It offers business education to Undergraduates degree, Graduates, and other executive Programs, as it focuses on the academic curriculum and experimental with collaborative learning that provides a strong connection between alumni and several,

Other Industries, i.e., based on their strong corporate relations, which is why Smith School of Business is considered one of the best colleges to study MIM in Canada. Smith in Canada ranks at no 1. 

2) University of Toronto – Rotman School of Management 

The University of Toronto has three campuses, the main one being St. George. The other two campuses are located in Scarborough and Mississauga.

The University of Toronto has a 43% acceptance rate and offers more than 700 UG and 200 PG courses for International students. The fee structure for Indian Students is INR 36 Lakhs for the UG course and INR 28 Lakhs for the PG course.

The University of Toronto Graduation rate was 78.5% in 2021 and in 2020 it was 77.1%

As per the University data, 97% of students have secured 97% for full-time MBA.

Rotman School at the University of Toronto has 70% plus.

Students in MBA classes have at least 5 years of work experience, and their GMAT scores were around 672. The average GPA of those students who were admitted was 88%, with B+ grades. To study MIM in Canada, the Rotman School of Management is considered one of the best Colleges for Undergraduates.

Here at Rotman, you can work for 18 months while you’re studying. As per reports of Universities around the world, it Ranks at No.12, Ranks at No.1 in Canada, and 3rd in Europe; as per QS International Trade Ranking, it ranks at 12

3) McGill University – Desautels Faculty of Management 

As per the World University Ranking 2024, McGill University Ranks 49 in the world and 30 in the QS Ranking 2024. McGill’s MBA full-time employment statistics for 2023 were 73% of graduates within 3 months of graduation, and 92 % of graduates got placed within 6 months.

The acceptance rate of McGill University is between 46-56%, whereas international students require a 3.0 GPA. To study MIM in Canada, Desautels Faculty of Management is highly recommended for students who are interested in doing a Master’s in Management in Canada.

Enrolling for a Master in Management in Canada offers a Superb business education to its students. It ranks 13th in the World University Ranking for Masters in Business Analyst 2024 and 27th in the QS International Trade Ranking. 

4) Western University – Ivey Business School

As per the QS World University Ranking, Western University ranks 114, coming from 128 nations, and 5000 International Students are studying here. Meanwhile, Ivey Business School stands at 49th rank, as released by QS World University Rankings 2024, in the field of Masters in Management in Canada.

To study MIM in Canada, Ivey Business School is considered and known for its student culture, where students come in large numbers to do a Masters in Management in Canada.

Ivey Business School has almost 80% of students receiving scholarships upon their admission.

5) Sauder School of Business at the University of British Columbia

To Study MIM in Canada, the Sauder School of Business at the University of British Columbia offers 9 months of courses with a primary stream in Business & Management Studies. The tuition fees include 53147 CAD for international students. The cutoff ratio for admission is around 65%. 

Must Read: Best Universities in Canada for International Students. 

Application Process for Masters in Management in Canada

Here is the step-by-step guide to studying MIM in Canada.

1. Research and Choose a Program for doing a Masters in Management in Canada. You can take the help of our Canada Education Consultants and have a free consultation with Transglobal Overseas.
2. After researching and selecting the Program and University, you must fulfill eligibility criteria, which include English proficiency, academics, and other requirements.
3. Submitting documents that fulfill the eligibility criteria involves an academic transcript, CV/Resume, SOP, LOR, and other tests related to the English Proficiency test, such as IELTS/TOEFL/PTE (if any).
4. Apply to a university or college that fulfills the eligibility criteria by making the payment online. This can be easily done, but sometimes, the application process may get complicated. To avoid that situation, you can connect with Transglobal Overseas.
5. The University will send you an offer letter, which is a formal document, once you’ve applied for it.
6. After being accepted by a particular university, you need to apply for a study permit from IRCC.
7. The moment your Visa gets approved, you will receive your Canada student Visa via mail. Visa is valid until your studies are over or the course of completion is done.
8. Booking Tickets, Arrangements for travelling, and accommodation.
9. The moment you’ve received your study permit, look for the prerequisites, i.e. travel and accommodation, which needs to be done foremost.

Get in touch with us and take the first step today to achieve your dream of studying in Canada!

Conclusion:

 A Master’s in Management is solely for recent graduates, while an MBA requires prior work experience. Canada offers top MIM programs with affordable tuition and a Quality of Life. The top universities in Canada offer different career opportunities like project management, Business Development, entrepreneurship, and many more.

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