MBA calling in Canada

Mumbai | January 19, 2016 14:23 IST

There has been a sharp rise in the number of students from around the world applying to Canadian business schools' MBA programs in recent years. Students from the Middle East, especially in this past year of political volatility in the region, -are also considering Canadian business schools in increasing numbers.

An MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend, a trifle, or is there real value in pursuing this degree. It is expensive, demanding, difficult to get into, and takes up years of your life. Why Canada?
 
There has been a sharp rise in the number of students from around the world applying to Canadian business schools' MBA programs in recent years. Students from the Middle East, especially in this past year of political volatility in the region,  -are also considering Canadian business schools in increasing numbers.
 
In practise, Canada is becoming a thriving place to study. Graduate opportunities are ever expanding in Canadian universities. paramount to what studying in Canada is all about. Banking held up over the crisis and the oil system is booming. While MBA courses in Canada are lesser known than their US and UK counterparts, quantities, it is clear students are reaping the benefits of studying in this such an international environment. Canada’s increasing diversity and large immigrant populations make it a welcoming place for foreigners. Canada has a very stable economy, very stable banks and industries that are performing well. An MBA in Canada opens many doors for your future: not only will you gain essential knowledge and skills which will prove useful in your career ahead, but you will also attain a network of international friends and business contacts,  inearn gain relevant work experience in an English-speaking country abroad, and you will take a treasure trove of experience back home with you.
 
MBA in Canada with a two-month foundation program and acquire basic economic knowledge in order to proceed with their MBA/MScIB.
 
The immigration rules in Canada are much more relaxed than in the U.S or UK. Schools are also placing increased importance on the diversity of their classes. The global prominence of Canadian schools can be seen by the even distribution of MBA candidates who highlighted the country as a preference. You can start your MBA/MScIM program every January and September, and complete your degree within only 14 months. Students have the option to specialize in the fields of Finance or Marketing profoundly, or rather to take the general study path. The MBA program includes a business internship as well as an applied business project, combining knowledge and practical experience through a balanced integration of theory, research and practice. The internship takes place during the last quarter of the program and can be completed worldwide
 
The most commonly asked question for  a B-school application is how do you discuss your career goals? The admissions committees at top business schools want to meet the real you, the person woman  behind your GMAT scores, transcripts, and résumé. They want to know both who you are now—what motivates you, what sets you apart and who you'd like to become—what career and life goals you have and how you'd like to achieve them. Revealing your inner self, your hopes and dreams, is the hidden purpose of the business school application essays. It’s important to be able to envision where you’ll be in your career ten to twenty years after you’ve armed yourself with an MBA. Howeveron the application, you don’t have to spell out your specific, minute-by-minute goals.  You simply need to imagine yourself on an upward trajectory, and where that will lead. You need to communicate the kind of life you might like, based on the one you already have.
 
But how do you go about explaining your short- and long-term career goals if you’re not really sure what you want to be doing in the first place? Maybe you’re pursuing an MBA in hopes that the classes and people you’re exposed to will help that light bulb go on in your head. That’s perfectly fine, and you’re certainly not alone. Here’s a little secret: the admission committee doesn’t expect you to know exactly what job you want to be doing decades from now Your answer to the career goals question is important because it reveals what kind of person you are, your abilities, your passions, and the way you life experiences have brought you to this business school application. If an applicant doesn’t appear to have given any serious thought to his or her own future, that could be a red flag. There is no one idea profile for business school applicants, but the common elements are passion, ambition, and focus. The way you talk about your goals reveals these elements in the context of your own life. You should get used to thinking coherently about the question. If you already know how you’d like your career to progress, that’s great. But if you aren’t sure about what you want to do, our advice is to spend some significant time thinking about what kind of position would make you happy. More importantly, consider whether or not your dream is realistic based on your skills and past achievements (combined with what you’ll learn at business school).
 
Before you even think about writing your essays, you should take some time for serious self-reflection by focusing on your strengths, weaknesses, and aspirations. Try to look at yourself objectively and contemplate what you'd be bringing to a business school and where these programs might help you improve. Also, reflect on the career you'd like to create for yourself after the MBA and how you could realistically achieve such goals. Finally, you must thoroughly research the schools, their programs and courses, and the campus culture.
 
Financials
 
Business school is an expensive investment, and it’s never too early to start figuring out how to pay for it. An MBA is a long-term investment in your future,, and fortunately, schools are committed to working with students to find a solution to financing school through a combination of loans and scholarships.
 
Overseas education can prove to be quite costly and it is best to make the correct decision right at the beginning so that it can help students gain admission to MBA courses in Canada.
 
MBA programmes in Canada are affordable than in any other country. The minimum tuition and residence fee is approximately 60,000 $, which is almost 20, 000 $ less than the US. The reason behind this is that Canadian universities and colleges are usually government funded.
 
 A tourist and an education hub, Canada is invaded by people from all nationalities. Therefore, a global experience is guaranteed giving way to a priceless experience of international management styles from both the faculty and students.
 
Some of the top management schools in Canada have aligned with international business schools across the globe to offer global education. This not just raises the bars of education, but increases the value of your MBA degree as well.
 
As you create your plan to pay for business school, you should contact your prospective school’s financial aid office. You can also get advice through admissions events. Financial aid officers are extremely resourceful. They’ve seen it all before, and they want to ensure qualified candidates can pay for a degree.
 
Starting early – about three months before applying – is also important if you’re pursuing scholarships, fellowships or grants. Since scholarships are free money, competition can be fierce, and you’ll benefit from having the time to create strong scholarship applications and from knowing the key deadlines so that opportunities don’t pass you by.
 
You may also need to submit a different application for each fellowship or scholarship. Don’t lose out because of a missed deadline. Look beyond your business school, too, to organizations like the Forte Foundation or Consortium for Graduate Study in Management that offer highly valuable scholarships for MBA students.
 
At some point during your MBA application preparations, you’ll probably think about asking a trusted friend or family member to review your materials. There are obvious benefits to having a fresh set of eyes on your work, but there can also be a few drawbacks.
 
It’s really tough for someone to read through your materials and not also want to give “advice.” But the issue is that if you’ve already planned out your application strategy—especially if you’ve worked on that strategy with an admissions consultant—it would not be a good idea to derail your progress just because a well-meaning friend made you doubt yourself.
 
Ultimately, the aim of your career goals essay is to convince admissions officers that you are a candidate who will use your MBA education to make a positive difference in the world. If you succeed, you will almost certainly increase your chances of being accepted by one of the top business schools. Make it about self-discovery, and let them discover the real you.
 
Duration of MBA in Canada
 
Most of the MBA programs in Canada are of 2 years duration but there are some which get over in a matter of 18 months. Such courses are known as Accelerated MBA. However, students also have the option of completing their MBA program in a single year from institutions like Thompson Rivers University, Ted Rogers School of Management, Faculty of Business University of Manitoba, Edwards School of Business MBA, Ivey MBA Program at the McMaster University at Canada. The one year MBA programs are great options for students who are working and are unable to spend two whole years finishing their MBA degree. It is also ideal for students who already have a Master’s degree or a post graduate studies of any level.
 
Eligibility
 
In order to be granted admission to a reputed MBA program in Canada, an applicant must have an Undergraduate degree of 4 years along with a Graduate Management Admission Test (GMAT) score, proper work experience, and, in case of foreign applicants whose primary education language is not English, a TOEFL or Test of English as a Foreign Language score.
 
Every individual school for MBA in Canada establishes the specific details of the aforementioned admissions criteria along with other prerequisites. MBA schools in Canada usually require an average GMAT test score of 550 but it can range from a low point of 500 to a high over 600. However, the GMAT requirement is not absolute and an institution may look into different factors that can compensate for the low GMAT scores of a student. These range from personal statements to work experience, career aspirations to the way the student presents themselves in front of the admissions committee. Choosing a school:
 
While selecting a B-school in Canada, there are few important criteria that you should consider. Although all the criteria may not be applicable to all of the schools, these criteria will help you to select the apt business school for you, the one that is right for your personal and financial needs. 
 
Cost ratio: The cost-benefit must be favorable. This is one of the most important factors which aspirants should keep in mind before applying to any business school abroad. Pursuing a degree from a top school with paying hefty amount as fee does not mean that your salary afterwards will be proportionally large. . As a matter of fact, as long as the teaching standards are good, you can get better results when you attend a less expensive MBA programme.
 
Type of degree: Before applying to any programme you should also decide what type of degree you would be getting from the B-school in Canada. Most programmes are available as specialized, general, and combined degrees. The most preferred degree among students is specialized degree where as a student you can focus your studies on a specific field, industry or sector. This kind of MBA allows you to specialise in just one area, so you could sharpen your skills and concentrate more on it.
 
Best Curriculum: The universities of Canada offer the best accelerated curriculum. These MBA programmes are highly developed and offer the best training to students. Universities offer MBA specializations in almost all the varied fields. Internationally acclaimed degree: Lastly, one more important factor you should consider before applying to any MBA degree to Canada, or any other country, is if the degree is internationally acclaimed or not. Some employees prefer applicants with international degrees, so you could have a better chance of getting a good job when you complete your MBA degree.
 
The author is Co- Founder, Collegify.

 

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