Masters in Management or MIM is gaining popularity day by day due to its non-restrictive eligibility criteria. Like MBA, it is also a post-graduate program that is considered as a more affordable alternative. This program is targeted towards graduates from any field with some or no work experience. Now when we are clear with what an MIM is, let’s take a look at a popular choice among Indian students- MIM in Canada.
Want to get admission in a business school in Canada, contact us now.
Why Pursue MIM in Canada?
Initially, MIM was mostly offered in European and Canadian business schools, but now it is offered in many universities around the globe. With the rise in MIM courses, it is gaining popularity and respect as a masters degree in the world. Thus, MIM from Canada will not only carry value in Canada, but in other countries too.
Secondly, MIM programs are internationally oriented. MIM in Canada is offered in English making it available for international students. The largest numbers of international undergraduates who apply for MIM in Canada are from China, India, Germany, and Italy.
Most importantly, the work requirements for MIM are lax unlike an MBA demands a minimum of 2 to 3 years of work experience. Hence, it proves to be a good start for fresher graduates beginning their career.
Moreover, MIM in Canada is a versatile course. While some modules on basics of management are compulsory, students can select their specializations.
Lastly, the most important point is the cost of study. As compared to MBA, MIM is a lot more affordable and worth each penny. The starting fee of MIM in Canada can be CAD14,000 while that of an MBA is CAD30,000. Considering you will be working with no or little previous work experience, the ROI is nearly the same for both. Thus, MIM in Canada seems to be the clear winner. Also, remember that the fee depends on the institute you opt for and can go higher than the above mentioned.
Also Read: Complete Guide to Study in Canada
Eligibility for MIM in Canada
The eligibility requirements for MiM in Canada are mentioned below. Additionally, for different universities and different programs, these criteria tend to change. Make sure to check out the university website for that particular program. The general criteria are as follows:
The candidate should have a four years bachelor’s degree or standing equivalent to at least a university of Toronto mid-B. Some of the programs strictly accept only candidates from business and commerce background while others take in all streams. The CGPA should be preferably 3.0 out of 4.0 or B+ Grade throughout the course of study.
An acceptable GMAT or GRE score varies from school to school but for the exact score check the university website or email them. If the candidate studied from North America then the GMAT score may be waived.
A TOEFL or IELTS score. Again check with the University for the exact cut-off score. In general, a TOEFL score of 550 and above is acceptable while an IELTS score of 6.5 and above is acceptable.
Also Read: Top MIM colleges in France
Admission process for MIM in Canada
First and foremost you have to register yourself or create your profile on respective websites of the universities you are targeting in order to be able to fill in the application form for admission to MIM in Canada. It asks for common details along with the selected course and other documents.
The documents requirements are:
- GRE or GMAT scorecard
- English language proficiency test scorecard
- Scanned transcripts
- An SOP or essay or personal statement
- Minimum two LORs
- CV or Resume (minimum 2 pages)
- Referee contact details
Ensure that the documents are in the supported formats (mostly .pdf or .rtf) and the size is well within the limits (mostly 500 KB) mentioned there.
The final step is the payment of the application fee. The fee can range from CAD 100 to CAD 200 depending on the university.
Also Read: Canada Student Visa- All You Need to Know!
How to Apply for MIM in Canada
First of all, choose the university and the course you are interested in. There are several top-notch business schools in Canada with various MIM programs. We have mentioned the best few of them in the table below along with the fee and the programs available. If you find any difficulty while deciding, don’t hesitate to contact us at ForeignAdmits.
|S. No.||UNIVERSITY||Fee (CAD)||Program name(s)||Program Duration||Average Salary|
|1||University of Toronto||$45,000||Master of Management and Professional Accounting (MMPA)||27 months 10 months||$62,577|
|2||The University of British Columbia||$46,797||Master of Management||9 months||$45,000|
|3||McGill University||$14,000 to $20,000||Master of Management in Analytics, Finance, Manufacturing, IMHL, IMPM, and Retailing.||10 to 12 months||$50,000 to $65,000|
|4||HEC Montreal||$60,000||Masters of International Arts Management||16 to 24 months||$58,000|
|5||University of Manitoba||$17,029||M.Sc. in Management||12 to 24 months||$44,000|
|6||Smith School of Business, Queen’s University||$74,000||Master of Science in Management||12 months||$66,000|
|7||Schulich School of Business||$56,650||Master of Management||12 months||$97,000|
|8||Ivey Business School||$68,250||M.Sc. in Management||16 months||$73,000|
To be honest the list of schools that provide MIM in Canada is pretty long. But we have chosen the best ones above. To apply to one of the above schools, click on the name to direct to their official website. Then find the application or registration page.
Also Read: Global Business School Ranking in 2020
The graduate school of the University of Toronto has more than 1000 degree programs to choose from. Additionally, it provides a multi-cultural atmosphere. Specifically, there are two MIM programs available here.
The MMPA (Master of Management and Professional Accounting) is a program that candidates from any background can apply to. It provides a 27-month format for candidates from different backgrounds. And a 24-month format for candidates from the same background. Lastly, a 12-month format for candidates from the extensive same background. Hence, the courses of MIM are versatile and suitable for all.
Another program is the Management of Financial Risk specifically targeted for the students of commerce, business, actuarial sciences, mathematics, and engineering. Both the programs give a time limit of 3 years to complete the course.
Also Read: List of Colleges in Toronto
The University of British Columbia (UBC) has consistently ranked among the top 20 public universities in the world. Additionally, it was recognized as North America’s most International University. It has two major campuses, one in Vancouver and another in Okanagan.
It provides a Master of Management (MM) course which is a 9-month full-time program. This course is designed for students from various non-business backgrounds. Therefore, students of all bachelor programs are not only eligible but welcomed. It covers the basics of business and management like accounting, finance, marketing, and strategic management. The UBC MM was recognized by the financial times as number one among the top 60 MIM programs in the world.
McGill University is a Public University founded in 1821. It is one of the topmost universities in Canada. Further, it has students coming from 150 different countries making it the most diverse institute. It is located in the city of Montreal.
It is the only university to provide a large number of Master in Management courses. Its programs are Master of Management in Analytics, Finance, Manufacturing, IMHL, IMPM, and Retailing. Not only does it have a diverse list of MIM courses but also it is the least expensive and most worthy school to invest in. Almost all of its courses are 45 credits with an exception of Master of Management in Manufacturing that is a 56 credit course.
Also Read: SPP Colleges in Canada
4. HEC Montreal
HEC is also located in Montreal is a French-based University for future managers. It is one of the first and only schools in North America to receive three accreditations together that are AACSB Internationa l, EQUIS, and AMBA. Additionally, it is home to 35% of international students. Further, it has Canada’s largest bilingual library. Also, it holds international exchange programs with 133 partners in the world.
It provides the an MIM course called the Master of International Arts Management. It is an international cultural management degree available in 6 countries. The course provides training for managers in heritage sector or cultural industries like sound recording, radio, television, film and publishing.
The University of Manitoba is the first University of Western Canada that was established back in 1877. It has students from 140 countries and more than 145,000 alumni members spread across the globe. Additionally, it offers more than 100 programs. It has a well-developed post-graduate school as well as doctoral research labs. Also, it covers courses of all streams from science, medicine, engineering, and arts to business, education, and law.
M.Sc. in Management is a 2-year course and requires a GMAT or GRE score of 600 and above.
The Smith School of Business, Queen’s University is located in Kinston, Ontario. It started in the year 1844. It is one of the internationally recognized and leading business schools in Canada. Additionally, it is consistently ranked as one of the best business schools in Canada. It has 100 partners for international exchange programs across the globe. Also, it has students from more than 30 countries.
All the programs of this school are innovative and one of a kind. The Master of Science in Management is a 12-months programme and requires a GMAT or GRE score compulsorily.
Shulich School of Business is a global and top-rated school located in Toronto, Ontario. It was established in 1966 and has ranked among the top 25 in the world careers in finance, marketing and management by QS University ranking. It has its overseas campuses in Hyderabad, India and Beijing, China. The financial times have ranked the Schulich’s Executive MBA course as number 1 EMBA program in Canada.
It provides the MMgt (Master of Management) course. This course pairs general management studies with non-technical focus on developing leadership, communication and problem-solving skills.
Ivey Business School began in 1922 in the basement of the Westerns University college. Now it stands as the number 1 business school of Canada for MBA program. It has four campuses, out of these, three are located in Toronto, Ontario and one is located in Hong Kong.
It offers two MIM courses as M.Sc. in Digital management and international business with CEMS MIM. The CEMS MIM course began in 2005 and since then it has been ranking among the top 10 Global MIM list by the Financial Times.
Also Read: Tips to Save Money in Canada for Students
Deadlines for Admission in MIM in Canada
The universities in Canada accept applications from October to January.
Usually, the university takes a few months to respond. Hence, most probably you will get a reply in March to May. If you are accepted the process doesn’t stop here. Now you need to apply for the student visa, arrange the finances, book your tickets, and prepare for takeoff.
Also Read: Careers after MIM
In conclusion, we have covered everything you need to know about MIM in Canada. MIM is one of the most popular courses in business. It adds value to your resume and increases your knowledge base. For those who aspire to become entrepreneurs and work at managerial positions in various industries, this course is the most beneficial. It is not restricted to the people of business in fact it welcomes anybody who wishes to apply for this course in their practical field. Hope our blog helped you gain clarity about MIM in Canada. Yet, if you have any questions/doubts, then feel free to contact us and make use of our services.
Frequently Asked Questions
Q1. Which country is the most suitable for MiM?
Ans. Canada, the United States, the United Kingdom, and Australia are regarded as the best for MIM studies. The majority of Indian pupils choose Canada because of its open attitude towards foreign students.
Q2. Can I pursue an MBA after completing my BCom?
Ans. Yes, you are entitled to continue a MIM after completing your B.Com. Furthermore, because BCom is a business qualification, it serves as a great foundation for MIM.
Q3. Is the GRE necessary in Canada for MIM?
Ans. Every college of business has distinct standards for entrance and choice, so you should contact our specialists to find out if the GRE is necessary for your selected university.
Q4. Is MIM a decent degree to get?
Ans. MIM is an excellent degree for gaining business expertise and beginning a profession. Unlike an MBA, a MIM requires no job experience.
Q5. In Canada, how lengthy is the MIM degree?
Ans. The full-time period is 12 months. Part-time programs might last up to 15 months.
At ForeignAdmits, we understand how important this decision is. We are here to help you every step of the way, from finding the right school to getting admitted and securing scholarships.
ForeignAdmits have a team of experienced counsellors. We can provide you with customized guidance based on your individual needs contact us today to get started. We look forward to helping you achieve your educational and career goals!