When the large amounts of data collected by an organization get transformed into meaningful data, it benefits the whole organization. Hence, applicants opting for Masters (MS) in Business Analytics (or Data Analytics) are proving to be an asset to the job market. Earlier, we had covered the best data science and analytics programs in Canada. In this post, we will look at the best Masters in Business Analytics in Canada in more detail – Jobs, Salaries, Hot Skills, Costs, Eligibility, Deadlines, and Top Universities.
Masters (MS) in Business Analytics in Canada
Jobs, Salaries, Hot Skills, Costs, Eligibility, Deadlines, and Top Universities
Co-authored by Parinita Gupta
You will be shocked to know that over 163 zettabytes of data will be created worldwide by 2025, which is 10 times the amount of data generated in 2016. Employers will require an expansive team of data experts who will be able to manage as well as analyze the massive amount of data collected.
For this purpose, managing and extracting meaning from the data becomes necessary, and therefore, data and business analytics are sure to advance their career in this field. This sudden rise in data is challenging the businesses at every juncture, and for hiring, professionals with a Master’s in analytics who can handle data and business.
This is because business analytics professionals bring home multifaceted talents that are needed for managing and governing data while using it for making informed business decisions. Candidates who have a degree in data and business analytics are highly valued in the workplace.
There are a number of programs across the globe that can assist you in acquiring programs to suit the required skill set as well as the desired goals in your career. Canada has been one of the top choices to study abroad in recent times. In this post, we will look at the best Masters programs for data and business analytics in Canada.
Data & Business Analytics in Canada: Job Outlook
As per the recent study conducted by IBM, about 40% of data and business analytics positions have to have a master’s degree or doctorate. When you are trying to map out higher education for improving professional growth, you can check out the courses in these remarkable institutions in Canada.
53% of large Canadian organizations identified the lack of talent as the biggest impediment to the successful completion of big data projects.
The obvious choice for a graduate with a master’s degree in business analytics would be to work as a data scientist, business analyst, or a management analyst.
You would typically be collecting and interpreting big data through quantitative analysis in order to predict, evaluate and inform decisions in a number of business areas, including human resources, customer service, marketing, operations, and finance.
Canada is an immigrant-friendly country. So, after you finish your program in Business Analytics from a Canadian University and also while doing the course, you have work rights if you are an international student. Read more about Jobs and Salaries after MS Business Analytics (all around the world).
Data & Business Analytics in Canada: Salary Outlook
The median Business Analytics salary in Canada is CAD $94,593 (Neuvoo) per year. Experienced professionals make up to CAD $139,396 (Neuvoo) per year.
The average salary for the entry-level ms business analytics graduates is CAD $65,356 (PayScale) per annum. For managerial positions, the annual average salary is CAD $92,957 (PayScale).
Most In-Demand Analytics Skills in Canada
- Apache Spark
- Microsoft BI
- Rational Requisite Pro
- Mindjet MindManager
- Others: MS Office Suite, VLOOKUP, PIVOT, SUMIFS, and COUNTIFS
Costs of Studying Masters in Business Analytics in Canada
For the majority of top schools like UBC, Toronto, Queen’s, York, etc., the program costs are in the range of CAD $65,000 – $75,000 (INR 35 – 41 Lacs).
On average, for any decent MS Business Analytics or Big Data Analytics program, you will need to shell out around CAD $35,000 (appx. INR 19 Lacs).
However, there are a few schools (University of New Brunswick, HEC Montreal, Trent University, etc.), where the tuition fees are under CAD $30,000 (appx. INR 16 Lacs).
Best Universities for Master of Business Analytics in Canada
UBC Sauder School of Business
UBC offers a progressive 12-month program for future aspirants, and the four-month-long Analytics Consulting Internship allows consultation on different kinds of analytics challenges that are faced by various companies and non-profit organizations.
The course expanding through the span of a year provides the quantitative backdrop for the highly sought after analytical skills. After the completion of the course, the graduates will be able to apply their knowledge and expertise in addressing various challenges that are rampant in today’s business world. Each candidate will have to complete 35 credits in courses like data handling, decision, and data analytics. Read more about the MBAN program at UBC.
All students will participate in a 4-month internship and gain real-world experience and hands-on business skills with leading organizations.
The program starts in August every year. The first-round deadline is usually October end and the final deadline is around mid-March.
Fee structure: For Canadian students, the fee for Business Analytics Master’s Program is $40, 326 while for International students, the same is $55,703.
Eligibility criteria: Bachelor’s degree from any university (with a B+ average – appx. 78%) or +2 level as applicable.
Candidates with a lower academic average may be accepted if they have significant professional experience and/or a high GMAT/GRE score (600 in GMAT or 310 in GRE).
TOEFL / IELTS score is also needed to prove fluency in English.
Toronto Rotman School of Management
Toronto offers a 9-month (one academic year) Master of Management Analytics. The program involves developing a precise understanding of the factors influencing managerial decisions, and designing data and analytical solutions to support these decisions.
While obtaining professional certification is not a program requirement, you will be supported and encouraged to write professional certification exams for organizations such as SAS.
The program also provides an opportunity to gain in-depth experience through a real-life managerial problem.
The program starts in August (Fall intake only) and the first-round application deadline is in Mid-November.
Fees: CAD $64,580 (international students)
- 4-year undergraduate degree (minimum 75%)
- Proficiency in Calculus, Linear Algebra, and Statistics or Econometrics
- Proficiency in Computer Programming
- 7.0 in IELTS (minimum 6.5 in each section) or 100 in TOEFL (minimum 22 in each section)
Queen’s Smith School of Business
The Master of Management Analytics at Queen’s University is also a 12-month program, which consists of evening and weekend classes. Learn more about the MMA program at Queen’s University.
Two intakes are available each year — January and May.
Fees Structure: CAD $72,500 – 74,500 (International Students)
Eligibility criteria: Relevant undergraduate degree from affiliated universities along with work experience, GMAT score of minimum 650, and a demonstration of English proficiency for candidates without English as their first language.
York Schulich School of Business
The first of its kind in Canada, the Schulich Master of Business Analytics (MBAN) is a 12-month full-time program, designed to give you the tools and techniques to become an expert in this evolving, high-demand field.
The capstone of the program is an Analytics Consulting Project in which students will spend two terms working with real data in service to the community.
All Schulich MBAN students are awarded the much-coveted SAS™ (Statistical Analysis Software) certification upon completion of the program.
As part of your MBAN career services, you will also have access to the Career Development Centre (CDC) and online access to year-round job postings, career tools as well as corporate information sessions and CDC run events.
Additionally, you will also be assigned a Dedicated Professional MBAN Career Coach. The Career Coach works closely with MBAN students and alumni on career strategies, as well as developing and delivering customized career workshops and events emphasizing Personal Branding, Cultural Intelligence, Job Search Strategy, Career Decision Making, and Career Advancement.
The program starts in May and application deadlines are August (Round 1), October (Round 2), November (Round 3), and Mid-February (final deadline).
Fees: Appx. CAD $76,000 (for International Students)
- A four-year undergraduate degree from a recognized post-secondary institution with a minimum B+ average (78 – 80%) in the last two full years (or equivalent) of academic work.
- A strong quantitative background demonstrated by course work in statistics, math, economics and research methods during undergraduate studies.
- 650 – 680 in Graduate Management Admission Test (GMAT) or 310 – 320 in Graduate Record Examination (GRE)
- 7.0 in IELTS or 100 in TOEFL iBT
The MSc Data Science and Business Analytics at HEC Montreal is a great mix of management, statistics, data modeling, and artificial intelligence. You’ll acquire the skills you need for better decision making, making you more competitive and innovative.
The program can be finished in 16 months or 24 months. Students can choose either a Thesis-based track or a Project-based track.
The program is offered only in the Fall (autumn) intake and the final application deadline is usually in mid-March.
Fees: CAD $27,500 and Full-Scholarships are also available.
Eligibility: Bachelor’s degree; minimum 630 in GMAT or equivalent in GRE. TOEFL/IELTS is also required.
Western Ivey Business School
The MSc Business Analytics program at Western University focuses on business essentials: Accounting, Finance, Leadership, Marketing, Operations, and Strategy. Students will be introduced to Ivey’s high-engagement case-based learning methodology. The course is designed to aid students in understanding materials for their courses throughout the program.
It’s a 16-month program and starts in September and January.
Fees: CAD $65,000 – $70,000 (for international students)
- An undergraduate degree completed within the past two years. You are able to apply to the MSc program during your last year of study.
- A strong academic record demonstrated during your two most recent years of academic study
- Online application, including the completion of the required written essay questions and video questions.
- Unofficial transcripts from your post-secondary institution(s). One copy of official/certified transcripts will be required if you receive an admissions offer
- Resumé (two-page maximum)
- Two references
- For international applicants, a strong level of English proficiency – if required: TOEFL (minimum 100) or IELTS (minimum 7) score
Mcgill Desautels Faculty of Management
The McGill Master of Management in Analytics (MMA) degree is a pre-experience, 12-month specialized program in the evolving field of management analytics with a strong emphasis on experiential learning. The MMA program is designed to address the growing needs of organizations (for-profit, non-profit, governmental) for business analytics.
The emphasis of the program will be on a managerial problem–solving using state-of-the-art data analytics tools to optimize organizational decisions in a variety of managerial settings.
The program starts in May and the application deadlines are October 31 (1st round), December 15 (2nd round) and February 15 (final deadlines).
Fees: CAD $45,000
All MMA students at the Desautels Faculty of Management are considered for entrance scholarships upon acceptance. If you are one of our most outstanding candidates, you may be awarded one. No additional application is needed to be considered for this award.
- Students with an undergraduate degree in a related discipline (such as engineering, computer science, statistics), who have the technical skills and are interested in learning the business or the management dimension of the analytics field.
- Students with an undergraduate degree in any discipline with a strong interest in the emerging field of analytics and some computer acumen.
- Students with a three-year bachelor’s degree from an international university are also eligible to apply. International students can determine the equivalency of their degrees.
- GMAT / GRE and IELTS / TOEFL are also required.
Other Top Business Analytics Courses in Canada
University of Alberta: Alberta offers an MBA program with a focus on Business Analytics.
Ryerson University: One-year full-time program on Data Science and Analytics.
Saint Mary’s University: MSc Computing & Data Analytics
University of New Brunswick: MSc Computer Science with Specialization in Data Management & Analytics
Trent University: MSc Big Data Analytics: Applied Modelling and Quantitative Methods
Simon Fraser University: Professional Masters in Big Data
University of Ottawa: MBA with specialization in Analytics