MS in Business Analytics in Canada 2024: 101 Guide

In the business world, where every decision can make or break success, Business Analytics is your compass. It’s the tool that helps businesses, big or small, navigate through the sea of data, guiding them towards informed decisions and improved performance. Now, with technology evolving and data flowing like never before, the demand for Business Analytics courses in Canada is booming. Why? Because these courses give you the skills to decode the language of data and make decisions that matter.?

If you’re eyeing a future in business analysis, Canada is the place to be. Here, you’ll not only unravel the secrets of the business world but also position yourself at the forefront of this analytical revolution. Ready to dive into the world of opportunities? Join us as we explore the options for studying for an MS in business analytics in Canada.

Why study for an MS in Business Analytics in Canada?

When it comes to shaping your future in business analytics, Canada stands out as an exceptional destination. Here are some compelling reasons why pursuing a Master’s in Business Analytics in Canada could be your game-changer:

1. World-Class Education Hub: About 8 Canadian universities offer Master’s in Business Analytics, with three ranking among the world’s top 100, according to QS World Universities Ranking 2023.
2. Booming Job Market: The Bureau of Labor Statistics predicts a substantial increase of around 11.5 Million jobs in the field of Business Analytics by 2026. Your skills will be in high demand.
3. Lucrative Career Opportunities: Upon completing your Master’s, a plethora of job opportunities await you, with an average salary of?approximately ?9,94,470 per annum.
4. Employer Preference: A GMAC survey in 2018 revealed that 71% of employers are keen on hiring business school graduates specifically for analytical roles.
5. Global Recognition: Your degree from a Canadian institution holds global recognition, adding prestige to your professional profile.
6. Industry-Relevant Curriculum: Canadian universities are known for their cutting-edge and industry-relevant curriculum, ensuring you’re equipped with the latest tools and techniques.
7. Networking Opportunities: Canada’s business ecosystem provides ample networking opportunities with industry leaders and fellow students, building connections crucial for your future career.
8. Innovation Hub: Canada is at the forefront of technological innovation, providing an ideal environment for you to learn and apply the latest advancements in business analytics.

Top Universities for MS in Business Analytics in Canada

Let’s take a closer look at some of the top universities offering MS in business analytics in Canada that can pave the way for your success. Our expert instructors have compiled a list of institutions that not only stand out in terms of education but also make your investment worthwhile. Here are details of what you need to know about each:

UniversityQS Ranking | U.S.news | THETuition Fee (CAD)DegreeMcGill University15 | 54 | 40$102,500* $57,6001. Master of Business Administration (MBA) with a concentration in Business Analytics: 2 Years (full-time) 2. Master of Management (M.Mgmt) in Analytics: 1 Year (full-time)University of Toronto17 | 18 | 21$72,630 CADMaster of Management Analytics: 11 months, (full-time)University of British Columbia28$66,423 CADMaster of Business Analytics (MBAN): 12 months (full-time)University of Alberta51 | 136 | 109CAD 65,000Master of Business Administration (MBA) with a specialization in Business Analytics: 2 years (full-time)Université de Montréal44 | 156 | 111CAD 30,800 (for first 4 terms)Master of science (MSc) – Data Science and Business Analytics: 16-24 months (excluding preparatory phase)McMaster University76 | 138 | 103CAD $79,900 for the full-time program; CAD $95,880 for the part-time programMaster of Business Administration (MBA) program with a specialization in Business Analytics: 24-month program that is offered on a full-time or part-time basisUniversity of Waterloo41 | 191 | 158CAD 7,696 (per term)Business Analytics Career SpecializationWestern University69 | 300 | 201-250CAD 73,800 (full course)MSc Business Analytcis: 12 months (full-time)University of Ottawa141 | 215 | 177$68,000 (full course)Telfer MBA with a focus in Business Analytics: 16 months (full-time)University of Calgary126 | 175 | 201-250$4,577.76 (per 3-unit course)Master of Data Science and Analytics: 12 months (full-time)

Source:

• https://www.topuniversities.com/world-university-rankings?countries=ca
• https://www.usnews.com/education/best-global-universities/rankings
• https://www.timeshighereducation.com/world-university-rankings/2024/world-ranking

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Master’s in Business Analytics Canada Requirements

Let’s look into the prerequisites that will serve as the foundation for your pursuit of an MS in business analytics in Canada. Consider these requirements as the essential toolkit for your academic journey:

• Academic Qualification: You must hold a bachelor’s degree, preferably a 4-year program. Ensure that your academic background includes mandatory subjects such as Statistics, Algebra, and Calculus. This robust foundation will be pivotal in navigating the intricacies of data analytics.
• Technical Proficiency: Equip yourself with hands-on experience in Computer Programming and Data Analytics. This proficiency guides you through the analytical landscape with precision.
• Standardized Test Scores: Present your analytical acumen through standardized test scores. Provide evidence of your GRE or GMAT proficiency, showcasing your ability to tackle complex analytical challenges. Additionally, demonstrate your English language proficiency through recognized tests such as TOEFL, IELTS, or PTE. This ensures effective communication in the academic environment.
• Academic Performance: Maintain a GPA of 3.0 on a scale of 4.0. Your percentage score should fall within the range of 76-81%, accompanied by a letter grade of B or above.?

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Documents Required for Business Analytics Canada

Getting admission to the Master’s in Business Analytics program in Canada is a strategic move, and to start your application, you’ll need to gather a set of essential documents. Here’s what you’ll need:

1. Transcripts: Gather your certificates, mark sheets, and other documents from previous institutions. Some universities may ask for original transcripts, while others prefer certified copies.
2. Letter of Recommendation (LOR): Secure two to three letters from professors or professionals who can vouch for your academic and professional prowess.
3. Resume/CV: Detail your academic and work experiences, showcasing what makes you stand out.
4. Statement of Intent: Draft an essay outlining your academic and career goals, explaining why you’re the ideal candidate for the program.
5. Personal Essays: Some universities might require additional personal essays to understand you better.
6. The Minimum Bank Balance for a Canada student visa of CAD 10,000
7. English Language Proficiency Score: Most universities ask for either IELTS or TOEFL scores.IELTS: Aim for a score of 7.0 or higher.TOEFL iBT: Target a score of 100 or above.

Don’t worry about the English proficiency requirement; We also provide PTE/ IELTS coaching in Tilak Nagar, Delhi as well. So, both of your work can be done under one roof. Contact now!!

How much does it cost to do an MS in Business Analytics in Canada?

The cost of an MS in Business Analytics in Canada can vary depending on several factors, but here’s a general breakdown:

Tuition Fees

• Range:?CAD $20,000 – CAD $50,000 per year
• Average:?CAD $30,000 per year

It’s crucial to note that these figures represent averages and may vary based on the specific university and program you choose. To gain a precise understanding of the financial commitment required, examine the fee structure of the university you are considering. This detailed exploration will provide you with an accurate depiction, allowing you to plan your budget carefully.

Cost of living in Canada

In addition to tuition fees, you must consider the cost of living. This is the average monthly cost of living in Canada.

Sr. No.ExpensesAverage Cost Per MonthAverage Cost Per Year1On-Campus Rental$600$72002Mobile Phone (Basic Package)$30$3603Public Transit Pass$40$4804Groceries/Food$300$3600

As you plan your finances, remember that our study abroad education consultants in Delhi are here to assist you. We can help you with scholarships to reduce the financial burden and smooth the transition. Get in touch with us today!

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Salary and Job Opportunities After Business Analytics in Canada

A degree in Business Analytics opens up doors to a multitude of roles, each offering its unique perks. Below, we’ve broken down some of the key positions and their salaries, giving you a glimpse into the market (source).

Job ProfileAverage Salary (CAD/year)Senior Data ScientistCA$1,35,351Data ScientistCA$98,946Business System AnalystCA$79,631 per yearBusiness AnalystCA$73,289Information Technology Consultant$63,917Business Intelligence AnalystCA$78,758Analytics AnalystCA$67,704

Note: Salaries are approximate and subject to change based on experience, location, and company policies. The figures above provide a general overview of the potential earnings in the respective roles.

Scholarships for a Business Analytics Program in Canada

When it comes to pursuing your Master’s in business analytics in Canada, financing your education is a crucial piece of the puzzle. The good news? There are various scholarships waiting to be grabbed, easing the financial load on your academic journey. These scholarships aren’t just reserved for the academically elite; they are designed to recognize your potential and support your pursuit of knowledge. Let’s take a closer look at some of the scholarships offered by top Canadian universities:

UniversityScholarshipAmount Offered (CAD) - ApproxUniversity of British ColumbiaAsia Top Talent Scholarship, International Talent Scholarship5,000 - 10,200Carleton UniversityMerit Scholarships1,000 - 12,300York Schulich School of BusinessMerit-based Entrance Award and International Student AwardVariableWestern Ivey Business SchoolMerit-based Awards20,500HEC MontrealEntrance ScholarshipVariesMcGill UniversityVarious Entrance Scholarships, Scotiabank Fellowship5,000 - 10,200McMaster UniversityProvost Entrance Scholarship, The Woo Family International Entrance Scholarship7,722 - 3,130

Your dream of mastering the art of analytics just got a bit more achievable. Ready to make your mark? Get in touch with our dream to maximize your chances of getting a scholarship and starting your journey.?

Conclusion

Your decision to pursue a Master’s in Business Analytics in Canada is a strategic investment in a future filled with opportunities. As you navigate through the application process and financial planning and envision your post-graduation career, remember that Transglobal Overseas is here to guide you every step of the way. Your journey to mastering business analytics in Canada awaits – seize the opportunity and set the course for a successful and fulfilling career.

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