MBA in USA vs MBA in Canada: Going for a degree in MBA is a big decision for anyone. And as we know, all big decisions must be well sought and planned before you finalize anything. The MBA degree values a lot and proves to be extremely helping in fetching a great job, this is why you should calmly think about every other aspect involved with this decision like in which course and from which country and college you want to pursue it.
Once you’ve decided that you want to pursue MBA abroad, the next important decision to make is from which country you want to pursue it. This decision should be based on various factors, some of which are:
- Budget
- Choice of college
- Choice of program
- Career opportunities
Based on all these factors, we can say that MBA in USA and MBA in Canada are the most sought-after countries for pursuing MBA. Both these countries have the world’s top-ranked universities, world-class facilities for the students, great faculty and amazing growth rate.
But, now the question arises that which one is better than the other? USA vs Canada?
As both the countries are the best in what they do, it becomes very difficult to decide anyone. Therefore, we are providing you with some of the differences you will find in the MBA in USA and MBA in Canada in order to help you make this decision yourself.
MBA in USA vs Canada:
- Tuition Fee
USA- The average tuition fee required to study in USA is $15,000 to $60,000 per year depending on the choice of college and course. The duration of MBA in the USA is 2 years.
Canada- The average tuition fee required to study in Canada is $15,000 to $35,000 per year. It varies from college to college and course to course. The duration of MBA in Canada is 1.5- 2 years.
2. Eligibility
USA- It requires minimum 4 years education after 10+2 for you to be eligible to apply for MBA in the USA. Taking GMAT is essential. Also, having work experience isn’t must but preferred as it increases your chances of getting an admission.
Canada- To become eligible for applying to the MBA colleges in Canada, you require minimum 4 years education after 10+2. Taking GMAT is also must. Having work experience is also required for applying in most of the colleges here.
3. Living Expenses
USA- The living expenses for the USA are quite high. The average living expense can be estimated around $8,000 to $15,000 per year depending on the facilities you make use of, whether you eat out or hire a cook, how much you spend for entertainment and various other aspects.
CANADA- The average living expenses for Canada vary somewhere between $5,000- $12,000 per year depending on your usage of the facilities, expenditure on entertainment etc.
4. Career Opportunities
USA- There are great career opportunities in the USA. Mostly, all renowned companies hire from the topmost ranked universities which are placed here like the Harvard University, Columbia University, Stanford University etc.
Canada- Canada is also one of the most desired countries for employers. Canada houses a number of renowned universities like the University of Toronto, University of British Columbia, McGill University, York University etc. Therefore, students pursuing MBA from Canada also get many career opportunities. However, USA is more preferred.
5. Scholarships
USA- There is a number of scholarships you can get in the USA as compared to the Canada. Some of them are:
- Asian Women in Business Scholarship Fund
- Stanford Reliance Dhirubhai Fellowships for Indian students
- Fulbright- Nehru Research Fellowships
Canada- Relatively less number of scholarships is available in the Canada when compared to the USA. Some of them are:
- Canada Asia -Pacific Awards (CAPA)
- Sauvé Scholars Program by the Jeanne Sauvé Youth Foundation
6. Migration (if required)
Migration is needed in case you wish to settle in a particular country for a variety of reasons. One of these reasons is the career which is an important aspect of pursuing MBA. In case you get a great career opportunity and want to permanently shift to the country you are getting it in, the migration process shouldn’t be an issue.
USA- The migration process of the USA is slow and complicated. It might take several years to complete.
Canada- Canada’s migration process is quite easy. It is also faster as compared to the USA’s migration process.
Our Verdict
Pursuing MBA abroad really helps in understanding the concepts related to business and trade from a global perspective. Although, both these countries show the traits of developing the best understanding of these concepts in you still we would prefer MBA in Canada. The reason being, this country is relatively more affordable than the USA and allows you to shift here permanently for your career easier than the USA would. However, if you can go for a higher budget and do not plan to permanently shift to the USA then you can surely choose MBA in the USA over MBA in Canada.
For further queries regarding MBA in USA or MBA in Canada, feel free to contact us or write an email to info@sopedits.com.
Also Check: