Top 10 Universities for MS In Business Analytics In Canada (2024)

Last Updated on August 29, 2024

One of the most sought-after postgraduate programs nowadays is the MS in Business Analytics (MBAN), just post-MBA. In Canada, there are three options for pursuing a master’s degree in business analytics:

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•  MS in Business Analytics, 
• and MBA with a focus on Business Analytics.

 The curriculum lasts one to two years. The course focuses on how technology and business intersect, offering analytical insights that support the achievement of business objectives. International applicants seeking admission to Canadian MS programs in business analytics must have a GPA of 3.0 (83–86%) and, for elite colleges, a GMAT score of 600 or above. Businesses of all sizes depend on business analytics to help them make wise decisions, analyze consumer behavior and market trends, and improve their understanding of operations for higher performance.  

Universities for Masters in Business Analytics in Canada

Why Canada for MS in Business Analytics

The following are the main justifications for pursuing a master’s degree in business analytics in Canada:

High-quality Education: Canada is home to renowned universities and colleges that offer top-notch instruction. Numerous Canadian universities are well-known throughout the world for their achievements in research and academic excellence

Diverse Courses: There are many different academic programs and disciplines available in Canada. Regardless of whether you are interested in the arts, sciences, engineering, business, or any other subject, you can choose a program that fits your goals and interests. 

Affordability: Studying in Canada may be less expensive than in other well-liked study locations. In comparison to the US, the UK, or Australia, Canada often has cheaper living and tuition expenses. In order to help with tuition costs, international students can also apply for jobs, fellowships, and scholarships.

Post-Study Work Permit: Canadian employers provide excellent post-graduate job opportunities to international students. After completing their studies, graduates may be eligible for a post-graduation work permit (PGWP), which enables them to work in Canada for a maximum of three years. This offers a great chance to gain substantial work experience in addition to exploring career options in Canada.

Course Description

Students having a foundation in statistical mathematics or those who have graduated from computer science or data analytics programs can apply for a one- to two-year master’s program in business analytics. Big Data Analytics, Predictive Modeling, Supply Chain Analytics, Data Visualization, Energy Analytics, and Programming for Analytics are among the core disciplines that are offered. Other specialities offered by the MBA program include customer analytics, operations analytics, people analytics, and accounting analytics.

Eligibility: 

International applicants must meet a few general requirements in order to be admitted to study in Canada. Nonetheless, each Canadian master’s program has a different admissions procedure.

The following are the standard qualifying requirements for enrollment in Business Analytics programs in Canada:

1. Candidates should have a bachelor’s degree, ideally four years long, with required coursework in calculus, algebra, and statistics as well as practical knowledge of computer programming and data analytics.
2. GPA of 3.0 on a scale of 4.0, which indicates that the percentage score should be within 76-81% and the letter grade should be B or above, as well as scores from other English proficiency exams like the TOEFL, IELTS, PTE, etc., are taken into consideration.

Essential Documents

Master’s program applicants must attach a number of documents to their application. The information regarding the paperwork needed for Canadian Masters in Business Analytics admission is provided below:

• Transcripts: It is necessary to present certificates, grade reports, and other records from prior educational institutions. Original transcripts are required by several universities. Nonetheless, some colleges require candidates to send their original, certified transcripts.
• Recommendation letter
• CV/Resume
• Declaration of purpose
• individual essays
• English Language Proficiency Index

TOEFL iBT: 100 TOEFL: 7.0

Top Canadian Universities for MS in Business Analytics 

Canada is delighted to be home to a large number of schools and institutions, many of which are well-known worldwide for a variety of reasons. The majority of Canada’s best business analytics universities are pleased to be ranked in the highly respected QS World University Rankings, which are recognized worldwide. The top 10 institutions within these rankings are listed below to assist you in selecting your ideal first step toward achievement.

1. University of Alberta

According to the 2023 QS World University Rankings, the University of Alberta was rated 110th. The University provides an MBA program with a focus on business analytics. The course details are as follows:

• The following courses are available: Decision Support Systems, Simulation and Computer Modeling Techniques in Management, Predictive Business Analytics, and Introduction to Business Analytics.
• Length: The course lasts for two years.
• Fees: Approximately CAD 65,000 is the overall program fee. 

2. University of McGill

According to the QS World University Rankings 2023, McGill University was rated 31st. The Master of Management in Analytics (MMA) program is available for business analytics courses. McGill University’s Master of Management in Analytics program is placed 10th in the QS Business Master’s Rankings 2023 (Business Analytics). The following are the course’s kea features:

• Curriculum: Advanced Statistics, Technology, and Business Strategy are the main topics of this course.
• The program lasts for one to one and a half years.
• Charges: The cost of tuition for those starting in 2023 is CAD 57,600. 

3. University of Waterloo 

According to the QS World University Rankings 2023, University of Waterloo was rated 154th. Master’s of Data Science and Artificial Intelligence (MSDAI) and Master’s of Mathematics in Data Science (MMath in DS) are the two courses in Data Science and Business Analytics that are offered. The programs’ specifics are listed below:

• Curriculum: Combinatorics, Optimization, Computer Science, and Statistics are all combined in this course.
• Fees: The cost per term for both programs is CAD 7,696.

4. Ottawa University

According to the QS World University Rankings 2023, University of Ottawa was ranked 237th. The MSc in Management program at the university has a Business Analytics emphasis. The following points offer some crucial information about the course:

• Curriculum: Topics covered include decision analytics, predictive analysis, and quantitative methods, among others.
• Duration: The university provides two-year thesis choices, one-year research project options, and research project and co-op options.
• Fees: The approximate monthly tuition for international students is CAD 11,300. 

5. University of Toronto

According to the QS World University Rankings 2023, University of Toronto was rated 34th. It provides the Master of Management Analytics (MMA) programme, which according to the QS Business Master’s Rankings 2023 (Business Analytics) is placed 13th. An outline of the program is provided below:

• The duration of the MMA course is 11 months.
• Fees: International students must pay CAD 72,630 for this program.
• Employability: Within six months of graduating, 94% of Master of Management Analytics (MMA) students found employment, according to the official website. 

6. University of McMaster

According to the QS World University Rankings 2023, McMaster University was rated 152nd. Its MBA program provides a specialty in business analytics. The following list contains some crucial course information:

• Required Courses: Business Intelligence and Data Mining; Spreadsheet-Based Modeling and Analytics; Predictive Modeling and Analytics; Business, Governance, and the Global Environment; and Strategic Management
• The course lasts for two years.
• The tuition charge for Level 1 is CAD 21,457.56, and for Level 2 EXT, it is CAD 20,662.80. 

7. University of British Columbia

According to the QS World University Rankings 2023, the University of British Columbia was rated 47th. The Master of Business Analytics (MBAN) program at the University of British Columbia is placed 31st in the QS Business Master’s Rankings 2023 (Business Analytics). The following are some crucial details regarding the program:

• MBAN is a 12-month program that lasts for eight to sixteen weeks, including an internship.
• Fees: CAD 63,251 is the course tuition charge.
• Career Services: Students can receive assistance through career development workshops, career coaching, training programs, and mentoring. 

8. Western University

According to the QS World University Rankings 2023, Western University was rated 172nd. Business Analytics MSc is offered by the university. The following are some crucial details regarding the program:

• Program length: The program lasts anywhere between 15-24 months..
• Cost: CAD 73,800 is the course tuition.
• Placements: 97% of graduates received offers within six months of graduation, with an average base income of $74,588. 

9. Calgary University

In the QS World University Rankings 2023, the University of Calgary was ranked 242nd. The Master of Data Science and Analytics (MDSA) program is offered by the university. The following are some crucial points:

• Curriculum: Data and Visualization, Statistical Data Analysis, Statistical Modeling with Data, and so on are among the core subjects.
• Course length: The course lasts for a total of twelve months and may take upto 24 months.
• Fees: The program charges CAD 2,375.67 for each 3-unit course. 

10. University of Montreal 

According to the QS World University Rankings 2023, the University of Montreal was ranked 116th. According to the QS Business Master’s Rankings 2023 (Business Analytics), it provides an MSc in Data Science and Business Analytics that is ranked between 81st and 90th. An outline of the course will be given to you by the following points:

• The course will last between sixteen and twenty-four months.
• Fees: For overseas students, the thesis-based course tuition is CAD 30,800 for the first four terms, and the supervised project course tuition is CAD 34,100.
• Career Outcome: Almost all professions, including marketing, HR, finance, and others, have placed students in this course. 

Jobs For Business Analytics In Canada

In Canada, the average annual compensation for a business analyst is $73,588. The major Canadian cities that offer the greatest salaries for business analysts are Vancouver, Ottawa, Montreal, Toronto, Calgary, and Montreal. The main responsibility of analysts is to handle large volumes of data and information. A business analyst’s job is to examine them and turn the results into something that organizations can use. They are in charge of handling changes in market dynamics as well as opening up new opportunities for corporate growth. Graduates in business analytics are qualified for the positions listed below:

1. Data Scientist, 
2. Data Analyst
3. Analyst for Business 
4. Market Research
5. Project Manager
6. System Analyst
7. Manager of Business Intelligence and Finance 

Conclusion 

The growing popularity of big data-related occupations in Canada has led to a significant increase in the number of students enrolled in Master in Business Analytics programs. Students can find employment in industries such as financial services, retail, media, travel, healthcare, etc. with a master’s degree in business analytics. For candidates with a foundation in statistical mathematics, the MS in Business Analytics degree becomes appealing due to its generous median salaries, which range from 50,000 to 70,000 USD at the entry-level. Since there is a constant need for data analysts and business analysts in the corporate sector, earning an MS in Business Analytics in Canada might help you succeed in it. To choose the greatest fit for them, students are encouraged to browse the websites of the universities and conduct independent research.

FAQs 

Is it worthwhile to study business analytics for an MS in Canada?

The growing popularity of big data-related employment in Canada has led to a significant increase in the demand for MS in Business Analytics courses. Furthermore, some of the largest global corporations are based in Canada. After completing a business analytics course in Canada, students can take advantage of the lucrative prospects available in this country with its robust economic foundation.

How much does it cost an Indian student to pursue an MS in Business Analytics in Canada?

In Canada, the cost of an MS in Business Analytics is between 9,00,000 and 10,000 INR. 

In Canada, how may I pursue an MS in Business Analytics?

Foreign applicants must meet all prerequisites in order to enroll in MS Business Analytics courses. A four-year UG degree with a B grade, passing English language proficiency exams like the TOEFL and GRE, and completing standardized examinations like the GMAT and GRE are a few examples.

What is the salary of a business analyst in Canada?

In Canada, the typical annual compensation for a business analyst is thought to be approximately CAD 74,000.

How long does a Masters in Business Analytics program typically take in Canada?

Depending on the university and program design, a Masters in Business Analytics program in Canada usually lasts between one and two years. 

Tanishka Goel

Tanishka Goel is a content writer who is extremely passionate about academics and desires to help students around the world make the perfect choice for their careers and has obtained substantial expertise in the realm of content writing by working in various organizations.