Masters (MS) in Business Analytics in Canada Course Details, Universities & Jobs

Course details of Masters in Business Analytics 

The MS in Business Analytics (MBAN) is one of the most sought-after postgraduate programmes today, second only to the MBA, in Canada. We will cover all the information you need to know about pursuing a Master in Business Analytics in Canada in this article, including course details, best universities, tuition costs, and more.

The MS in Business Analytics programme at Canadian universities lasts one or two years. Business analytics is a skill that has become more relevant as handling big data becomes more crucial. Students in this programme learn how to handle problem-driven analytics and provide useful business solutions. Students are given technical skills in addition to organisational skills.

People from various cultures coexist in Canada, which is a multicultural nation. Students experience other cultures while studying in Canada. Business Analytics as a course is a blend of business expertise, data analytics, data management, and data visualisation when it comes to studying Masters in Business Analytics courses in Canada.

Because they assist in making the proper decision by offering answers to the greater problems in the businesses—in this case, data overload—the demand for business analysts is now on the rise. This course primarily focuses on how technology and business intersect and offers analytical insights that support reaching corporate objectives.

Also read : How to migrate to Canada from India?

Advantages of studying MS in Business Analytics in Canada

• High-quality study programs: The standard and quality of education offered at Canadian universities in Business Analytics are very high which helps in attracting international students from around the world.
• Multicultural environment: Canada is a culturally diverse country, which provides students with the opportunity to experience different cultures and perspectives.
• Strong job market: The demand for Business Analytics professionals in Canada is strong and growing, offering students ample job opportunities after graduation.
• Practical learning opportunities: Many universities in Canada offer practical learning opportunities through internships, co-op programs, and hands-on projects.
• Access to cutting-edge technology: Canadian universities have access to the latest technology and tools, allowing students to gain practical experience in the latest tools and techniques.
• Cost-effective: Studying in Canada can be more affordable compared to other countries, making it a cost-effective option for international students.
• Quality of life: Canada consistently ranks high in quality of life indexes, making it a desirable place to live and study.

Also read : Msc Forensic Science in Canada

Documents Required for MS in Business Analytics in Canada

To apply for an MS in Business Analytics programme in Canada, students must be aware of the requirements for eligibility. Check out the information below:

• A bachelor's degree, preferably in one of the following fields: mathematics, business, economics, computer science, engineering, or science; statistics; algebra; calculus;
• A B or B+ grade plus a GPA of at least 3.0 on a 4.0 scale.
• GMAT/GRE scores
• IELTS, TOEFL, or PTE scores are examples of English language competence examinations.

Candidates for the MS in Business Analytics programme must also submit the following documents in addition to the ones listed above.

• Resume
• Statement of Purpose
• Two recommendation letters
• GMAT and GRE results
• Academic Transcripts 

The criteria for admission may differ from university to university

Universities offering Masters in Business Analytics in Canada 

Also read : How to Write an SOP for Engineering Management with an SOP Sample

How to Pursue a Masters in Business Analytics in Canada without GMAT

Many universities in Canada offer a Master in Business Analytics program that do not require GMAT scores. Some popular universities that don't require GMAT for their MBA programs include:

• Ryerson University
• York University
• University of Waterloo
• Concordia University
• HEC Montréal
• Simon Fraser University

Though, it is necessary to keep a note that while GMAT scores may not be a pre-requisite, some universities may have alternative admission requirements such as valid GRE scores, work experience relevant to the profession, and a good undergraduate academic record. However, it is always best to check with the specific university for their admission requirements.

Tuition Costs for MS in Business Analytics in Canada

Tuition costs for doing an MS in Business Analytics in top universities in Canada have been listed below:

Note: Students should visit each university’s website for updated tuition fee as they may vary from year to year. 

Masters in Business Analytics in Canada Scholarships

International students who enroll in Masters in Business Analytics or MBA in Business Analytics in Canada can apply and avail various scholarships. These scholarships vary from university to university and some of these have been listed below:

Job opportunities after MS in Business Analytics in Canada

The average annual salary for a Business Analyst in Canada is $73,588 according to ca.indeed.com. Ottawa, Montreal, Toronto, Calgary, and Vancouver are the Canadian cities with the highest salaries for Business Analysts. The main responsibility of analysts is managing large amounts of data and information.

A Business Analyst's job is to analyse them and make the information useful for organisations. They are in charge of identifying new opportunities for the businesses' expansion and handling changes in the market's dynamics. Graduates in business analytics may apply for the following positions:

• Data Scientist
• Data Analyst
• Business Analyst
• Market Research Analyst
• System Analyst
• Project Manager
• Financial Analyst
• Business Intelligence Manager

Also read : Canada immigration plan 2023 to 2025

Cost of studying Masters in Business Analytics in Canada 

The minimum financial resources needed to support their studies for the first year are required of international applicants planning to study in Canada. Three categories can be used to broadly group the expenses associated with studying for international students.

Pre-arrival expenses, educational costs, and daily living expenses are these. Different universities in Canada charge different tuition rates for their Masters in Business Analytics programmes. Overall, for an MS in Business Analytics programme in Canada, the total first-year tuition will be close to Rs 16.75 lakhs.

This includes the typical living expenses of Rs. 5.81 lakhs and the typical tuition fee of Rs. 10.94 lakhs. At the end, considering the above information presented here will help you make an informed decision about considering, applying and deciding about taking admission in MS in Business Analytics in Canada. 

Also read : Study in Germany