Considering seeking admission into a business school or you have just graduated and you want to know a thing about MBA Graduate Jobs and Salary in Canada. This resource material will attempt to elaborate on career prospects, job opportunities and salary pay scale for graduates of MBA programs in Canada. This article will cover everything about MBA salary in Canada in addition to jobs and Schools.
1. Canadian MBA Is Popular
An MBA degree in Canada is more popular among the international aspirants. Canada stands behind the United States and the UK. This country has a substantial market for MBA graduates. It is world’s fifth largest in the current condition. The average salary for MBA graduates is around US$90,000.
2. Canadian Job Market characteristics
When it comes to the job market, you might not find more favorable than any other market. You will find all typical MBA jobs in including finance, technology, and consulting. There will be slightly fewer positions in comparison to the USA. USA is considered best for MBA graduates.
The best thing about the Canada market is that it has prominence over SMEs. Ninety percent of exporting companies have only less than hundred employees. Only 1.6 percent medium sized businesses of 1.1 million SMEs and Fifty five percent of SMEs have only four or fewer employees.
3. Big Cities for MBA Jobs in Canada
There will be three key markets for MBA graduates: Vancouver, Toronto, and Montréal. Most of the MBA jobs are found in these three cities. Toronto is best for the finance jobs. It is the home to Canada’s largest financial sectors. It has 12, 00 firms and around 350, 000 employees. The prominence of finance is clearly evident by the number of the Rotan MBA graduates. Marketing is the leading industry. You can say that both finance and marketing are the top industries. These two are very popular among MBA applicants.
Canada’s financial services have started utilizing the emerging opportunities in Fintech. Both the leading financial employers and students are interested in the financial services. Many students choose British Columbia (BC) for its current economic growth. It is one of the provinces expected to lead economic growth in this country for a couple of years. Vancouver is also popular for better job possibilities and the quality of the life offered by the city.
4. MBA Graduate Salary in Canada
This question will first come to your mind if you are interested to do an MBA course in Canada. The salary might not be as good as the USA. But yes, you might find better than other parts. The average salary for MBA graduates will vary between C$80,000 and C$90,000. This is the average salary range in four or five business school in Canada. In UBC Sauder, the average base is C$72,600. The most recent graduates of the Queen’s MBA are given C$82,719. For McGill Desautels, you can expect C$80,000. C$86,500 is for Ivey and C$82,000 at Rotman. The salary will vary depending on schools. If you consider the conversion rates, these salary numbers will be similar to somewhere in US$60-65,000 that you might find significantly lower than any popular school in the USA.
5. Which Industries Employ MBA?
There will be many industry destinations. The most popular three types are finance, technology, and consulting. Finance is the most admired among the MBA applicants in the four of five MBA schools. Only Sauder is not an exception. In Sauder, only less than 1 in 5 enter finance. In other four, one in three shows interest in finance. For financing, the average salary is C$81,500. Consulting is the second popular industry. At Ivey, a quarter of class enters consulting. Twenty four percent of Queen’s graduates also enter consulting. At McGill, many MBA graduates joined the non profit organizations including healthcare, pharmaceuticals, and biotechnology. The average salary for consulting is C$10,000 higher. There will be job options and salaries for consulting. The third one is technology. The technology industries are the greatest employers of Sauder’s MBA class. The average salary for technology is C$93,000.