Masters in Business Analytics in Canada – Your Guide!

Pursuing master’s in business analytics in Canada is a wise move if students have an aptitude for both analysis and technology. Moreover, a graduate with a background in statistical mathematics, data analytics, economics, and computer science, thinking of going for higher studies, can opt for a master’s in business analytics. Completing an MS in business analytics in Canada will require a student to study for two years. Students can either study an MBA with a business analytics specialization or the preferred course option, which is MBAN (masters in business analytics) in Canada. This article will discuss all things that should be known before applying to a university in Canada for a master’s in business analytics.

Why study business analytics in Canada?

There are several reasons for pursuing an MS in business analytics in Canada instead of studying an MBA in business analytics  in Canada, which include:

• Numerous highly-ranked universities in Canada offer master’s programs in business analytics. Some among them are placed in the list of top 100 institutions globally for the subject. 
• As per the Bureau of Labor Statistics, the number of jobs in business and financial occupations is predicted to grow by 7% from 2021 to 2031
• Canada offers wonderful job prospects in the corporate sector for business analytics specialists, and the average salary is around CAD 73,713

MS in Business Analytics in Canada- Leading universities

Here are the top universities in Canada for MS in business analytics: 

Name of the Institution	Location	University Type	Name of the Course	Average Total Tuition Fees
UBC Sauder School of Business	Vancouver	Public	Master of Business Analytics	CAD 62,658
University of Alberta	Edmonton, Alberta	Public	UAlberta MBA (Business Analytics)	CAD 65,000
Western Ivey Business School	London, Ontario	Public	MSc in Management Business Analytics	CAD 72,000
HEC Montreal	Montreal, Quebec	Public	Master of Science (MSc)- Data Science and Business Analytics	CAD 30,800
Carleton University	Ottawa, Ontario	Public	Master of Applied Business Analytics	CAD 62,000 – CAD 74,000 (fall/winter fees) CAD 30,000 – CAD 36,000 (summer fees)
York Schulich School of Business	Toronto, Ontario	Public	Master of Business Analytics (MBAN)	CAD 84,100

All About Masters in Business Analytics in Canada: Course Highlights

Best universities	University of Alberta York Schulich School of Business Carleton University Western Ivey Business School UBC Sauder School of Business
Duration of the program	2 years (1-year programs offered by certain universities)
Core areas in business analytics	Predictive modelling, big data and analytics, data visualization, supply chain analytics, programming for analytics, and energy analytics
Average annual tuition fees for the program	CAD 20,000 – CAD 50,000 per year
Job opportunities	Data Analyst Business Intelligence Analyst Data Scientist Market Research Analyst
Average cost of living	CAD 19,000 – CAD 30,000

MS in Business Analytics in Canada: Expenses

While the cost of studying in MS in Business Analytics in Canada ranges between CAD 20,000 – CAD 30,000 per year, there are some pre-arrival costs incurred before going to study the program, along with an additional cost of living.

Pre-arrival Costs

Particulars	Cost in CAD
Canadian Study Permit	150
Visa	150
University registration fees	Varies as per the university
IELTS/TOEFL fees	250
GRE/GMAT fees	230-250
Flight tickets	Variable

Cost of Living in Canada

Expense	Average annual cost of living
Accommodation	On-campus living: CAD 12,455 – CAD 14,187 Off-campus living: CAD 8,000 – CAD 10,000
Groceries	CAD 4,000
Transportation	A monthly adult transit pass is provided to students by the university
Books and supplies	CAD 1,200
Utilities (cable TV, internet, etc.)	CAD 1,740

Admission Procedure for Masters in Business Analytics in Canada

After analyzing the different options for MSc Business Analytics in Canada, students should shortlist the universities of choice. While the admission process for different universities varies, here are some generic steps that can be followed for a successful application procedure.

• Check the eligibility criteria, and upon fulfilling the same, click on ‘Apply Now’
• Follow the instructions given on the website and submit the documents asked by the university
• Submit the application fees to complete the registration and wait for the results date
• Upon receiving the acceptance letter, pay the required tuition fee to pay the amount required for blocking the seat
• Apply for a Canadian Student Permit

Eligibility Guidelines

• Education of 16 years (10+2+4) for a master’s degree
• Undergraduate degree of four-year with statistics, linear algebra, and calculus as background subjects
• Work experience in a field related to data analytics and computer programming (might be required by certain universities)
• 3 GPA on a four-point scale, with average marks between 76-81% or B grade 
• Scores of GMAT/GRE as per university requirements 
• Minimum 5.5 to 7 or 7.5 band score in IELTS and 90-100 in TOEFL

Documents Required:

• Official academic transcripts. 
• Score sheet of GMAT/GRE. 
• Score sheet of TOEFL/IELTS. 
• Passport and photograph. 
• Resume/CV in some cases. 
• Work experience proof or prior internship certificate if required
• 2 LORs (Letters of Recommendation)

Can a student pursue Masters in Business Analytics without GMAT?

GMAT is one of the compulsory admission requirements at many institutions in Canada for an MS in business analytics. However, there are some institutions where students can study master’s in business analytics in Canada without GMAT. Applicants with excellent academic track records may be considered without GMAT scores, provided they fulfill certain other criteria mentioned by the university. LORs and interviews also play a crucial role in the success of admission applications.

Job Prospects after MS in Business Analytics

Graduates can pursue rewarding careers after completing their MS in business analytics. Some of the biggest recruiters in the field include CIBC, Deloitte, KPMG, and Air Canada, among others. MS in business analytics is fastly gaining acceptance worldwide owing to the rise in demand for big data specialists. With postgraduate degrees, students can get placed in sectors like media, financial services, retail, healthcare, travel, and more. 

Expected Salaries after MS in Business Analytics in Canada

Job title	Average annual salary
Data Scientist	CAD 94,320
Data Analyst	CAD 64, 434
Business Intelligence Analyst	CAD 75,926
Market Research Analyst	CAD 92,493
Business Intelligence Manager	CAD 105,127

Visa Procedure

The visa procedure may be done either online or offline. Students can apply offline with all supporting documents at the visa application centre. They can also submit all documents with the application online before visiting the application centre for the submission of their biometric details. Then the candidate will be called for a personal interview after their application is processed. They will have to provide proof of funds along with taking a medical test.

Available Scholarships

Name	Eligibility	Value
Ontario Graduate Scholarships 2022	The student should be registered full-time in a graduate degree program, and must have achieved a minimum of 80% marks in the last two academic years.	$5,000 per term to a maximum of $15,000 per academic year
Global Citizen Scholarship 2022	Offered by universities supported by MPOWER for international and DACA students	Grand prize: $10,000 Runner up: $2,000 Honorable mention: $2,000
Carleton University- Prestige Scholarships	Highest awards for international students who achieve an admission average of 90 percent or better	Ranges from $21,500 to $30,000, or full-tuition fees
Western Ivey Business School- Richard Ivey MSc Excellence Awards	Awarded to students pursuing the Ivey MSc in Management, with outstanding academic performance, leadership, international engagement, and on the basis of the score in the admission interview.	Valued up to $20,000
Scotia Fellowship	For international students	$10000/year for master’s
HEC Montreal- Entrance Scholarships	Applicable for international students enrolled in MSc degrees having a proven record of distinguished academic records	2 scholarship(s) of $5,000