Which Are the Best-Paying MBA Jobs in Canada?
Consider Canada as a potential MBA location and take a look at the best-paying MBA positions available to recent business graduates.
Future business leaders are drawn to Canada’s MBA programme because of the high standard of instruction, friendlier immigration policies compared to the US, and the variety of career options available after graduation.
This article investigates Canada as a potential MBA location and looks at the highest-paying MBA positions available to recent business graduates.
Why are MBA hopefuls drawn to Canada?
Canada, the second-largest country by surface area in the world and one of the least populous, is a major economic force. The nation is a top trading power, has enormous oil reserves, and is a significant exporter of minerals, food, and energy. Additionally, it has a sizable and diverse service industry.
Canadian business management courses are less expensive than those offered in the US, Australia, or the UK. The nation’s business schools provide outstanding facilities, access to prestigious corporations, and scholarships. Despite the reduced cost, Canadian business schools are among the best in the world.
What kind of earnings can Canadian MBA grads expect?
The MBA’s excellent expected return on investment (ROI) is one of the reasons why so many business professionals choose to pursue it. Payscale and Glassdoor report that the average pay for MBA holders in Canada is CAD 83,000 (USD 65,700), with a range from 80,000 to 90,000.
But that only tells a portion of the tale. Certain MBA rankings, including the Financial Times (FT) ranking. This measure is better because it provides candidates with a specific timeline and an indication of the alumni’s overall improvement over time.
Here are the typical wages for graduates from the following Canadian universities three years after they finish their studies. We mention these institutions since they appeared in the most recent FT global MBA rating. The sums are expressed in US dollars.
Western University: Ivey – USD 110,586
University of Toronto: Rotman – USD 109,613
McGill University: Desautels – USD 103,367
Queen’s University: Smith – USD 96,895
There are increases of between 70% and 80% when comparing alumni salaries before and after the MBA.
Which industries hire MBA graduates?
Now that we know the typical salary an MBA grad may anticipate, it’s time to look at the industries that grads prefer.
Consulting and finance are the most popular industries for MBA graduates in the nation, although technology is gaining ground. According to the Wall Street Journal, business school graduates have become more and more attracted to professions in technology in recent years, frequently beginning and progressing in product-management roles. Business schools have been responding by introducing degrees with tech specialisations covering subjects like data analytics and artificial intelligence.
Which industries offer the best salaries?
Keep in mind that the base wage does not include other guaranteed benefits like signing and annual bonuses. This “other compensation” totaled around CAD 10,000 for finance, CAD 22,000 for consulting, and CAD 26,000 for the technology sector.
The average wage for individuals working in legal services (6.4%) was 144,000 Canadian dollars, while those working in manufacturing (1.5%) made only 65,000.
Make sure to look at a school’s most current employment report if it piques your interest. During MBA’s One-to-One events, you can meet the school’s admission officers and ask them any questions if they don’t regularly publish such reports.
