Canada is one of the most well-liked countries for receiving a top-notch business education, and the job market for MBA professionals there is promising and secure. One of the major reasons behind the country’s popularity of business courses is the security of having a stable career and an MBA Salary in Canada is quite lucrative.
In Canada, people from diverse cultures live together. Therefore, studying in Canada is an excellent option for people who wish to connect with people all around the world and have one-on-one discussions about anything and everything.
Not only this, Canada is said to have one of the most qualified faculties and a great study system; that is the reason why we see students opting for Canada as their first priority for higher studies abroad.
Canada is said to be the world’s top country for learning and for the various work opportunities that are provided to students while they work. Students can earn a Good MBA salary per month in Canada and bear their expenses while they study.
Here are the Top 5 Universities with the Average salary of MBA Graduates that manage to consistently feature in the high-ranking universities lists like Times Higher Education, QS Research, etc:
| Name of University | Average salary in Canada after MBA |
|---|---|
| University of Toronto | 87,000 CAD (INR 51.89 lakh) |
| University of British Columbia | 92,084 CAD (INR 54.93 lakh) |
| University of Alberta | 79,000 CAD (INR 47.12 lakh) |
| Concordia University | 86,000 CAD (INR 51.29 lakh) |
| McGill University | 85,500 CAD (INR 51.01 lakh) |
These were the Package After MBA that An Mba Graduate can score in Canada.
An MBA degree will open doors to world-class opportunities and take your career up several notches. If you choose a specialization that is right for you early on, not only will you gain a competitive edge, but you will also gain more benefits over the years to come.
Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most opted and best MBA specializations and are considered the safest by many students. However, Post-Covid, businesses are evolving and their needs are changing. More emphasis is shifted to specializations such as digital marketing, business analytics, and so on. Here is a list of the top MBA specializations in demand after COVID and in 2023 –
| Specialization | Type of specialization | Areas of function and study | Average salary package | Best Universities in Canada |
| MBA in Finance | Functional | Financial management is a specialization that focuses on areas like financial management, accounting, money markets, capital, international finance, banking, and insurance. Students with a commerce background and knowledge of accounting can go for an MBA in Finance. | After MBA in Finance, the average salary ranges between CAD 61,000 and 130,000 (INR 35,87,238-76,42,437) yearly.
|
The University of Alberta, University of Calgary, and the University of Toronto |
| MBA in Human Resource | Functional | Human Resource Management is a specialization that focuses on recruitment, employee engagement, staffing, retention, salary, performance appraisal, and employee relations among others. | The average salary ranges between CAD 89,000 and 169,000 (INR 52,32,121-99,33,871) yearly. | The University of Alberta, University of British Columbia, University of Toronto, McMaster University |
| MBA in Operations | Functional | The specialization deals with areas like improving productivity to deliver value to the end customer, turnaround time, cost, and quality. | The average salary ranges between CAD 64,000 and 107,000 (INR 37,61,109-62,89,480) yearly. | McGill University, University of British Columbia, University of Toronto, University of Concordia, Queen’s University |
| MBA in Information Technology | Functional | MBA in Information Technology revolves around programming, analytics, machine learning, artificial intelligence, and various technologies. | The average salary ranges between CAD 95,000 and 212,000 (INR 55,85,075-1,24,63,535) yearly. | The University of Alberta, University of British Columbia, University of Toronto, University of Concordia, York University, and McGill University |
| MBA in International Business | Functional | International Business involves various aspects of business all over the world. IB professionals are mainly into the research of businesses across the world and determining their performance. | The average salary ranges between CAD 99,000 and 113,000 (INR 58,18,539-66,44,523) yearly. | The University of Alberta, University of Toronto, University of British Columbia, University of Concordia, Queen’s University, York University, the University of Montreal |
| MBA in Marketing | Functional | The areas of work include selling, business development, revenue generation, leads, customer service, market research, techniques, and marketing strategies. | The average salary ranges between CAD 89,000 and 95,000 (INR 52,33,297-55,85,607) yearly. | Queen’s University, University of British Columbia, University of Alberta, University of Concordia, the University of Toronto |
| MBA in logistics and supply chain | Functional | Areas like planning, implementing, and controlling the flow and storage of goods and services between the point of origin and consumption are the focus.
|
Logistics and supply chain is a promising career with an average salary of CAD 65,000-89,000 (INR 38,21,731-52,33,448) yearly. | The University of Toronto, University of Alberta, University of British Columbia, University of Concordia, Queen’s University, York University, the University of Montreal |
Financial services are among the highest-paying industries for MBA in Canada. When considering the MBA graduate salary in Canada, Sauder is an outlier in a field where fewer than one out of every five MBAs has chosen to pursue a career in finance. MBA graduates can expect to earn between CAD 80,000 and $85,000 (INR 46,95,440 to 49,90,422) in the financial sector.
The consulting industry has been identified as one of the top industry destinations for MBA students in Canada. In Canada, approximately 25-30% of MBA graduates choose to work in consulting firms. MBA graduates in this sector earn an average salary of approximately CAD 90,000 (INR 52,82,370).
Canada’s technology conglomerates proved to be the largest industry employers. A median MBA salary in Canada is approximately CAD 93,000. (54,61,981 INR).
Canada has one of the world’s most powerful economies. Top business firms like Morgan Stanley, McKinsey, EY, KPMG, Deloitte, Infosys, HCL Technologies, Microsoft, Apple Inc, Google, and Accenture regularly hire MBA graduates from Canadian universities. Here is the list of What do MBA graduates Do ?
A Financial Manager is a position available to an aspirant with an MBA in Finance as a specialization. The annual salary ranges from INR 45 lakhs to INR 65 lakhs. Taxation, payroll, accounting, financial management, and international finance are all areas of function.
A Financial Analyst’s role and responsibilities include financial operations, budgeting, risks, capital planning, and the company’s financial health. The average salary ranges between INR 43 lakhs and INR 52 lakhs.
After earning an MBA in marketing, you can work as a Marketing Analyst. For the firm, the professionals conduct business analytics and marketing research. Marketing analysts use consumer and market data to track, assess risk, and analyze the competition. Marketing executives use this information to create strategies, campaigns, and promotional campaigns. A marketing analyst’s annual salary ranges from INR 30 lakhs to INR 50 lakhs.
Onboarding various IT and non-IT requirements is the responsibility of the recruiter. A Recruitment Specialist is in charge of the entire employee lifecycle, which includes sourcing, screening, recruitment, joining, onboarding, and exit procedures. Annual salaries range between INR 27 lakhs and INR 35 lakhs.
You may be wondering which MBA has the highest salary and future prospects. Apart from your knowledge and skills, the specialization you choose has a lot to do with determining the future in the Job Market.
Listed below are the top 5 highest paying specializations of MBA:
Now that we are aware of which MBA program pays the most, let’s examine the highest-paying MBA concentration:
Business Analytics is currently the highest-paying MBA specialization. A Business Analytics MBA focuses on the systematic analysis of data in order to reach valid conclusions and decisions. The data in this section is generated by business operations or statistical sources in order to evaluate efficiency, cost, and results. Pursuing this specialization will improve your leadership, technical, and analytical skills.
Information Technology is the world’s second highest-paying MBA specialization. An IT specialization provides you with the knowledge and skills required to manage IT systems and human resources. It combines traditional business knowledge with a strong emphasis on topics such as information security, IT project management, telecommunications, and so on. MBA IT Salaries in Canada are something that makes this specialization worth it.
Another popular and most-paid MBA specialization is Finance. A major in finance for an MBA paves the way for rewarding careers in some major sectors of the economy like insurance, taxation, international finance, wealth management, tax planning, etc. You may also serve as financial advisors and planners to renowned organizations. Indeed, finance has a crucial role in every area of economics, business, and management.
MBA in Marketing is intended to provide business knowledge while carefully understanding the marketing side of things. As marketing students, you will learn how to thoroughly examine consumer behavior and develop products that people are likely to want to buy. This best-paying MBA specialization teaches us how to create, communicate, and deliver a specific value in order to fulfill the targeted market and earn profits.
Economics is the highest-paying MBA specialization after that. Economists collect and analyze data, research trends, and evaluate economic issues pertaining to resources, goods, and services. It allows you to work as a specialist in fields such as business intelligence, operations research, information sciences, econometrics, and so on.
Without considering the top recruiters, a discussion on which MBA specialization is best paid for abroad is incomplete. The available career opportunities after completing the course are one of the most important factors in selecting the highest-paid MBA specialization in the world.
There is a long list of recruiters that MBA graduates can look forward to, but here are the Top 5:
It takes a substantial sum of money to feel financially secure. Who doesn’t want to go shopping, pay rent, or eat out without feeling stressed? When we have such security, we frequently overlook it. But it takes the necessary effort to achieve that level. An MBA program is often appealing to students and professionals who want to break the bank, lead an organization, or start a business someday.
Some of the most important advantages of an MBA degree are a large salary and job security. An MBA graduate typically earns significantly more than a regular Master’s degree, even twice as much in some cases.
Some popular career paths after an MBA include management analyst, business operations manager, market research analyst, HR manager, top executive, and so on. According to the QS Jobs and Salary Report, the average MBA salary worldwide is:
Manya – The Princeton Review offers end-to-end study abroad services encompassing admissions consulting services, test preparation, English language training, career assessment, and international internship opportunities to study abroad aspirants. Founded in 2002, Manya holds an impeccable track record of enabling more than 4 lac students to accomplish their study abroad dreams through its network of 47+ centers across India.
Manya has formed long-lasting global alliances with several market leaders in the education industry in order to maximize the benefits of its large service portfolio. Their list of esteemed partners and affiliations includes – The Princeton Review (TPR), Cambridge University Press (CUP), Cogito Hub, British Council, Tuding to name a few. Manya has also forged 600+ partnerships with international universities across top study abroad destinations.
Book your Free Counselling Session now!Some of the highest-paying management occupations related to MBA concentrations according to BLS, including computer and information systems management, financial management, marketing management, and human resources management.
There is a significant demand for HR professionals in Canada which makes it a popular and demanded specialization for pursuing MBA in Canada.
Here are the top 5 MBA colleges in Canada:
It is not recognized in Canada or the UK.
3 years. You can obtain a Post-Graduate Work Permit (PGWP) after your studies, allowing you to work anywhere in Canada for up to three years—depending on the duration of your program.
