Business analytics is a subject that provides a data-driven perspective to the business world by the use of statistics and data modeling that will help to create new business insights. It is often considered a less stressful job compared to other high-demand jobs in finance field and provides flexible options of work. A Master of Science in Business Analytics from Canada will be great for Indian students because this course will open up a wide variety of job opportunities for graduates. In addition, the average salary of a graduate student with Business Analytics degree will be around CAD 73,588 per year. This is a huge amount of money and will help the Indian students build a successful career in this field.
Canada is considered one of the top destinations for higher studies for the students who want to pursue science and analytics from a foreign country. Moreover, there is a high demand for business analysts in Canada. In addition, the country has some of the top universities listed by Times Higher Education that offer courses in Business Analytics. Apart from that, study in Canada is a very immigrant-friendly country and a majority of the international student population studying in the Canadian university is Indian. Thus, students who find data analysis and business interesting and want to pursue a career in this field from a foreign country should consider Canada.
Among several universities and higher education institutes that are present in Canada, there are 19 universities that offer Business Analytics courses. They top 10 universities are listed below:
Thus, students who are interested in pursuing business analytics courses can pursue these universities. Apart from these universities there are colleges and universities that offer part-time and full time courses that can be availed by students interested in this field.
Usually a graduate program requires 12 to 24 months in Canada. Thus, a master’s course in Business Analytics will also require a period of one to two years in the country. This course will help the students develop basic knowledge and skillsets required for analyzing various business related data and thereby increase their career prospects. This degree can be used by the candidates as a stepping stone in their professional career that will help them to get higher salary and secured jobs in well-established companies.
Post graduate diploma in Business analytics in Canada is usually a one or two year long program. The postgraduate diploma will enable the students to acquire various problem-solving skills and knowledge by analyzing data that are necessary for a successful career in the Business Analytics field. Such skills will help the students to develop their thinking abilities to find ways that will help to reduce the overall costs and thereby enhance the quality and production of the company’s services and goods.
This degree will help the students to pursue a career in other related services as well such as logistics, customer service management, operations and other such opportunities. It is also beneficial for those students who want to work part time because this course will allow about 20 hours per week of time for students to do a part time job.
Various colleges and universities have various amount of money that a student will require to complete their Business Analytics course from Canada. On an average, this amount can range anywhere from 20000 to 50000 Canadian dollar. This is approximately 12 lakh to 30 lakh INR for an Indian student. However, in addition to the tuition fee a student will also have to additional charges such as cost of living and transportation charges when they pursue the course in Canada.
The average annual cost for postgraduate diploma courses in Business Analytics in Canada can vary anywhere between 7, 304 to 37,500 Canadian dollar. This will cost about 4.40 to 22.59 lakh INR for an Indian student who wants to pursue this course from Canada. This is a comparatively cheaper price for this course from many other foreign countries such as the USA and UK. Thus, students who are interested in pursuing Business Analytics courses abroad should consider Canada.
As Canada is one of the top destinations for pursuing higher education, it is important that students have a proper estimate and evaluation regarding the cost of living along with their course expenses. Indian students like all other international students will have to meet the cost of studies and the cost of living in Canada. The cost will vary on the basis of location and university for each student. Apart from that, students who do not live residency services provided by the university will have additional daily transportation charges which will vary on the basis of distance of the place of accommodation from the university.
There is a requirement for having a minimum amount of bank balance for getting a Canadian student visa. Presently, the cost of a student visa for Canada is roughly around 150 CAD, that is, approximately 9000 INR. Students need to provide some form of evidence that they have sufficient funds in their bank accounts to complete their courses. The university often provides an estimated cost of living that the immigration officer verifies. However, if the college does not provide that, a minimum of 10,000 CAD for a 12 month period for the usual living expenses in Canada as a student. If the student has a spouse, an additional 4,000 CAD will be required and for other dependents the sum is 3000 CAD each. This amount includes accommodation charges, food expenses, medical insurance, transportation costs, books and clothing, mobile services and other personal needs as well. Apart from that, there are additional charges for Canadian University fees.
Moreover, it is advised that students get compulsory healthcare insurance in the country because healthcare is quite expensive in the country. Each province in Canada has an independent public health insurance plan. Some of the universities require a mandatory insurance coverage within the first week of arrival.
In addition, living costs are higher in the urban areas like any other place in the world in comparison to the suburban areas. While on-campus housing can be convenient they are not always the cheapest cost option. Thus, students must decide according to their preferences. The two most expensive cities are Toronto and Vancouver. There is also shortage of housing facilities in the city of Toronto which further raises the housing prices.
Scholarships are a great aid for students who want to study abroad but might have financial restraints. Getting a financial aid helps the students to get rid of additional student loans and debts and thereby reduces their financial stress. It also encourages better focus in studies. Apart from the financial help, it also helps to improve the career prospect of a student because many of the competitive scholarships can be used achievement on their resume. Many universities in Canada offer scholarship programs for international students who are pursuing various higher education courses from there. The courses in Business Analytics that offer scholarships in Canada are:
Apart from these scholarships, students can also visit the official site of their selected universities and see what scholarships are available for Indian students.
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Masters in Business Analytics in Canada is offered by some top ranking Canadian universities, like UBC Sauder School of Business, McGill University, McMaster University, York University, and others.
