Which country is best for an MBA: the USA or Canada?
MBA in USA vs. MBA in Canada: Going for a degree in MBA is a big conclusion for one and all. And at the same time as we make out, all big conclusions must be well sought after and planned earlier than you decide anything. The MBA degree is worth a lot and establishes to be very helping in fetching a great career; this is why you should peacefully think about every other part drawn in with this decision like in which course and from which countryside and college you would like to follow it. This decision should be based on a range of factors, some of which are: financial plan, preference of college, selection of program, and available career opportunities.
Based on all these factors, we can declare that MBA in USA and MBA in Canada are the most preferred countries intended for following MBA. But, at this moment the main question arises that which one is better? USA vs. Canada?
1. Tuition Fee
USA- The standard tuition fee necessary to study in USA is $15,000 to $60,000 per year depending on the selection of college and course. The length of MBA within the USA is 2 years.
Canada- The standard tuition fee necessary to study in Canada is $15,000 to $35,000 per year. The length of MBA within Canada is 1.5- 2 years.
USA- It requires lowest 4 years education later than 10+2 for you to be eligible to apply for MBA within the USA. Taking GMAT is vital. In addition, having work experience isn’t must but favoured seeing that it increases your likelihood of getting an admission.
Canada- To turn into eligible for applying to the MBA colleges within Canada, you need lowest 4 years education later than 10+2. Taking GMAT is also a necessity. Having work experience is also necessary for applying in nearly all of the colleges here.
3. Living Expenses
USA- The living expenses for the USA are to a certain extent high. The standard living expense can be anticipated around $8,000 to $15,000 per year depending on the facilities you take advantage of.
Canada- The standard living expenses for Canada differ somewhere amid $5,000- $12,000 per year depending on your handling of the facilities, spending on amusement etc.
4. Career Opportunities
USA- There are excellent career opportunities within the USA. By and large, all well-known companies hire from the highest ranked universities.
Canada- Canada is also one of the most preferred countries in favor of employers. Canada houses a number of well-known universities like the University of Toronto, McGill University, etc. As a result, students pursuing MBA from Canada also dig up lots of career opportunities.
USA- There is many scholarships you can search out within the USA as compared to the Canada. A few of them are: Asian Women in Business Scholarship Fund, Fulbright- Nehru Research Fellowships, etc.
Canada- To some extent, less number of scholarships exists in the Canada at what time compared to the USA. A few of them take account of Canada Asia -Pacific Awards (CAPA), etc.
How is the experience of doing an MBA from Canada for Indian students? What are the job prospects?
Without doubt, Canada is a top destination intended for MBA jobs. Canada is a mounting force in business education and a hale and hearty marketplace for MBAs looking for jobs.
In the midst of application growth driven by out of the country students who are attracted by Canada’s brilliant careers prospects and hassle-free visa rules, it’s one of the most well-liked places designed for business students to study.
Here are a few reasons you should think about a career in Canada.
1. Openness to worldwide students
Canada has a standing for being open and all-encompassing, welcoming to individuals from all spheres of life.
At the Ivey Business School in Ontario, worldwide student hiring rates bring into line narrowly to those of home students. Several students in general received as a minimum one job offer later than six months of graduation.
Even devoid of a job offer, out of the country students are entitled for a three-year work permit on graduation from a two-year master’s degree, or a one-year permit if coming from a one-year course.
2. Massive opportunities for small businesses
The Canadian job marketplace is close to lots of other nations, in the midst of a strong services sector accounting for a great deal of the employment - financial services, healthcare, retail, and consulting.
One thing that distinguishes Canada from other job marketplaces, on the other hand, is that small businesses play a massive role in the financial system.
3. Employers desire to get to know you
If MBAs aren’t disposed towards starting their individual ventures, nevertheless, opportunities for more conventional employment are abundant. Even though jobs are officially posted on websites, networking is time and again cited as the key method of securing work. ,
Educational background is not inevitably regarded as the top prerequisite for Canadian jobs; as an alternative, employers have a tendency to focus on what you can in fact do. Employers are on the lookout for applicants who can make obvious the skills necessary for the position.
4. Different locations
Over and above Toronto, Vancouver is also an excellent place for MBAs to study. Location is also a vital factor within students’ job searches, and Canada offers a varied array of options in this unit. Each area has its personal attractions.
A student targeting oil and gas would be looking first and foremost at jobs in the county of Alberta, Calgary especially. For economic services, the head offices of the banks are within Toronto.
In fact, as home to 250,000 tech jobs, Toronto is the fourth major tech focal point in North America, and is the rapidly growing.
5. A popular place for consultants
Servicing this on the rise tech industry are consultants, which schools declare are hiring MBAs in bigger numbers. With the push in the cost of crude oil, more students have migrated from oil and gas on the way to consulting.
Consulting firms are eager to hire individuals with technology proficiency to facilitate companies, such as digital transformations, etc. In the midst of an ageing inhabitants and drive for cutting costs, Canada’s healthcare trade is also getting higher.