MBA Salary in Canada
Salaries & Job Opportunities After MBA in Canada
When it comes to employment opportunities and placements for MBAs, Canada may not offer the glitz and glamour of top brands or the kind of fabulous salaries in USA, but you can certainly expect a good salary and lifestyle.
Almost like Germany, around 98% of Canadian companies could be classified as small and medium enterprises, employing less than 100 people.
The remaining 2% comprises medium-size businesses, with around 500 people on the payroll. Together, the SMEs (small to medium companies) give employment to around 100,000 people and contribute more than 50% of the economy.
As in other countries, fresh MBAs could land jobs in financial services, consulting, retail, healthcare. Financial services were stated to be on the growth path, having expanded by 11.6% in the past decade. In 2017, it provided 831,000 job opportunities, accounting for 4.5% of the total employment.
Canada also offers unlimited opportunities for entrepreneurs including startups. Some of the well-known startups are Element AI and Connected in computer software, Wealthsimple and Clearbanc in financial services, Cannabis Compliance Inc in management consulting, League in insurance, Drop-in consumer services and Dialogue in health care.
By way of incentives for startups, the Canadian Government provides funding and tax incentives. Special visas are also granted for those working in technology startups, incubators and accelerators,
For international MBAs with a study permit, Canada offers the facility of a Post-Graduation Work Permit (PGWP) allowing you to continue to stay in the country even after the conclusion of your studies. This is far better than the H1 Visa lottery system of the United States.
There are plenty of opportunities for MBA graduates in different sectors in Canada such as:
- IT Services
- Health Sector
- Banking and Financial Institutions
- Oil and Gas
In addition to this, there are lots of opportunities for MBA graduates in Canadian Government with jobs in different departments – these are mostly administration related opportunities.
There are also opportunities for MBA Graduates in roles such as sales and marketing, production, project management, technical management etc, which are understaffed in Canada and constantly on the lookout for people.
Some of the popular job destinations and their average salaries in Canada offered to MBA graduates in Canada are given below:
|Designation||Average Annual Salary (USD)|
|Business Development Manager||182,000|
ROI for Top MBA Colleges in Canada
|University||Highest MBA Salaries (INR)|
|Ivey Business School||INR 62.3 Lakhs|
|Schulich School of Business||INR 54.9 Lakhs|
|SFU||INR 52 Lakhs|
|University de Montreal||INR 73.7 Lakhs|
|University of Ottawa||INR 79.9 Lakhs|
|UBC||INR 53.3 Lakhs|
|University of Windsor||INR 58.8 Lakhs|
|University of Victoria||INR 69.0 Lakhs|
Work Permit In Canada After MBA
After completing the MBA from a territorial of provincial government approved B-School, International students can apply for Post-Graduation Work Permit (PGWP).
Students pursuing an MBA program of 2 years, can stay in Canada for one additional year after they complete their courses. Students pursuing courses of duration of 8 months to 2 years, can stay till the study program duration. Additionally, meritorious students have an option of application for permanent residency using the Express Entry Program.
Top Cities For Jobs in Canada
Canada’s 10 provinces and regions offer specialized options for employment. If you are interested in financial services
Toronto should be the city you should be heading to, as it houses the head offices of major banks.
If you are looking for jobs in oil and natural gas or mining, Calgary in Alberta would top the list.
Toronto and Vancouver are the employment destinations for those in the tech sector.
Toronto has become the fourth largest tech hub in North America with employment figures of 241,000. Amazon has provided employment opportunities to 10,000 people and intends to recruit several thousand more driven by the low dollar exchange rate and friendlier immigration policies.
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