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MIM in Canada | Universities, Scholarships & Jobs

MIM in Canada
A Complete Guide To

MIM in Canada

Chapter 1


Masters in Management, or MIM, is becoming increasingly popular due to its non-restrictive eligibility standards. It is a postgraduate degree similar to MBA.  This degree is designed for recent graduates from any field who have little or no work experience.

Canada is well-known for its business schools and management institutions, which provide high-quality courses in this program. Here is a complete guide on what MIM is, top MIM universities and institutes, scholarships, jobs, cost of living in Canada, and more. Let’s get started!

What is MIM?

MIM (Masters in Management) is a top postgraduate degree aimed towards graduates or working professionals. It is a degree that provides in-depth knowledge of several management fields like finance, marketing, consulting, and entrepreneurship, and many more. It is an excellent degree, particularly if you wish to change careers early on or work in management.

MIM in Canada Eligibility :

MIM is among the most popular management degrees among Indian students in Canada because the government permits you to pursue it with minimal requirements. A few prerequisites have been established by Canadian schools for MIM candidates to meet in order to gain admission to the B-school of their preference. Now, let’s take a look at the eligibility:

  • 10 + 2 from a recognized institution
  • Bachelor’s degree from a recognized university
  • English proficiency tests like IELTS, TOEFL, etc 
  • GMAT or GRE scores
  • LOR and SOP 
  • Some institutions require 1 to 2 years of work experience, but it is not mandatory.

MIM in Canada Requirements :

The following requirements are mandatory for MIM in Canada:

  • Official academic transcripts
  • Scanned copy of passport
  • Resume
  • Letter of Recommendation
  • English language proficiency test scores
  • Statement of Purpose
  • Two Reference Letters

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MIM vs MBA :

Check out the table below to go through the differentiating factors between MIM and MBA:

Basis of differences 



Who is it for?

Experienced professionals 

Recent graduates 

Goals of applicants 

Career development

Kickstarting their career


Average age of  27 years 

Average age of 23 years 

Way of teaching

Practical orientation 

Theoretical focus 

Curriculum goal 

Getting specialized industry knowledge 

Building and layering a foundation

Tuition Fee




Worldwide recognition 

Recognized more in Europe 


1-2 years 

10-12 months 

Career opportunities 

Mid-level positions 

Entry or freshmen level positions 

Salary received 

High, the average is $10,000

Moderate, average being $5,000

Reception by companies 


Growing fast 

Why Canada for MIM?

Here’s why you should pursue MIM in Canada:

Quality of Life

Both Canadians and foreign students get a high standard of life in Canada. If you are looking for a good destination to work, live or study in, Canada is the one for you.  Canada ranks No. 1 in the world in terms of quality of life. 

Excellent Education System

One of the main reasons students opt to study in Canada is the high quality of education. A Canadian degree is a symbol of trust and excellence.


Foreign students benefit from studying in Canada since tuition fees are lower than in other nations. It is the primary reason for studying in Canada, as not every student can afford a hefty course fee. In Canada, the living cost varies by province. A student might have to spend between 800 and 2000 CAD depending on prices for accommodation, entertainment, food, and transportation, among other things.

Work While Studying

One of the most compelling reasons to study in Canada is that overseas students are permitted to work 20 hours per week during their term. Students who want to work on campuses or as an intern in any firm do not need an additional work permit because a student’s study permit is adequate to allow them obtain a part-time employment while studying in Canada.

Chapter 2

Top MIM Courses in Canada :

Indian students are warmly welcomed at Canadian colleges and business schools. They have a wide range of specializations from which to choose your desired degree. Before selecting an institution, make sure to review its course structure as well as its employment opportunities. The following are the business schools and academic institutes in Canada that offer MIM:

Courses Offered




Master of Management

10 Months 

University of Calgary 

Haskayne School of Business 

Master of Management

9  Months 

University of British Columbia 

Sauder School of Business

MSc Management, International Business with CEMS MIM

16 Months 

Western University 

Richard Ivey School of Business 

MSc Finance 

16 Months 

Simon Fraser University 

Beedie School of Business 

MSc Management 

University of Manitoba

Asper School of Business 

Master of Accounting (MAcc)

2 4 Months

University of Alberta 

School of Business 

Master of Finance

20 Months

University of Toronto

Joseph L. Rotman School of Management 

MSc Management 

12 Months

Wilfrid Laurier University 

Lazaridis School of Business and Economics 

International Management   Major 

16 Months 

McGill University

Desautels Faculty of Management 

Master of Management

12 Months 

University of Victoria

Gustavson School of Business 

Chapter 3

Top MIM Universities in Canada :

#1. University of Toronto

First Year Fees: Rs 32.1 Lakhs

Eligibility: TOEFL: 100; IELTS: 7

The University of Toronto is ranked first among all MIM universities in Canada. The MIM degree at this university is primarily designed to help students improve their mathematical and computational skills. Domestic and international students of various nationalities attend the classes here.


Year of establishment 1827
Also Known As U of T
Total International Students 19187
Size of Campus in acres 177
Male/Female Ratio 1.2
UG/PG Course Ratio 0.2
Endowments Value Canadian Dollar 2 billion
No.of Campuses 3
Yearly Hostel & Meals Expense 15084 CAD
International Students Website Go to website…

#2. University of British Columbia :

First Year Fees: Rs 16.4 Lakhs

Eligibility: TOEFL: 100; IELTS: 7; PTE: Accepted; GRE: Accepted; GMAT: Accepted

The MIM degree at the University of British Columbia is among the best in Canada. Students holding a bachelor’s degree in a field other than business can also apply to UBC’s MIM degree in Canada. It gives students the chance to learn the basic principles of business and management. Accounting, Finance, Strategic Management, Marketing, and other basic subjects are covered throughout the course.


Year of establishment 1908
Also Known As UBC
Total International Students 17225
Size of Campus in acres 400
Male/Female Ratio 1.25
UG/PG Course Ratio 1.56
Endowments Value Canadian Dollar 1 billion
No.of Campuses 2
Yearly Hostel & Meals Expense 15257 CAD
International Students Website Go to website…

#3. Memorial University of Newfoundland :

First Year Fees: Rs 9.0 Lakhs

Eligibility: IELTS: 7

Memorial University of Newfoundland has been one of the leading universities in Atlantic Canada, with over 300 degree options available to nearly 19,000 students from more than 115 nations and every region in Canada.


It offers a diverse range of undergraduate and graduate degree courses in education, arts, science, environment and sustainability, business, music, fine arts, medicine, engineering and applied science, human kinetics and recreation, nursing, maritime studies, technology and ocean instrumentation, pharmacy, and social work. 


Year of establishment 1925
Total International Students 3400
Size of Campus in acres 220
Faculty/Student Ratio 1.16
Endowments Value Canadian Dollar 93 million
No.of Campuses 3
Yearly Hostel & Meals Expense 7357 CAD
International Students Website Go to website…

#4. McGill University :

First Year Fees: Rs 42.8 Lakhs

Eligibility: TOEFL: 86; IELTS: 6.5; GRE: Accepted; GMAT: Accepted

McGill University is another prestigious Canadian university that offers the MIM degree. It is a one-year rigorous full-time pre-experience degree that places a significant emphasis on experiential education. The MIM curriculum at this university maintains a mix between technology, advanced statistics, and business strategy to provide students with a diverse set of practical skills and perspectives.


Year of establishment 1821
Total International Students 12052
Size of Campus in acres 80
Endowments Value Canadian Dollar 1 billion
No.of Campuses 2
Yearly Hostel & Meals Expense 11479 CAD
International Students Website Go to website…

#5. York University :

First Year Fees: Rs 28.2 Lakhs

Eligibility: IELTS: 7.5

York University is a huge worldwide teaching and research university and a catalyst for positive change. They are educating our students for long-term jobs and personal achievement by leveraging a friendly and varied community with a distinctly global viewpoint.

York University is among the largest and most varied student bodies in Canada, with 59,000 students from 178 nations, 325,000+ alumni, and renowned professors working on important challenges with 300+ university, corporate, and NGO partners. York University has been named a global leader in the new Times Higher Education Impact Rankings for 2 years in a row, and is ranked first in global joint research publications in Ontario.


Year of establishment 1959
Total International Students 6200
Size of Campus in acres 500
Endowments Value Canadian Dollar 439 million
No.of Campuses 2
Yearly Hostel & Meals Expense 12240 CAD
International Students Website Go to website…

#6. University of Calgary :

First Year Fees: Rs 21.7 Lakhs

Eligibility: TOEFL: 97; IELTS: 7; PTE: 68

The University of Calgary has one of Canada’s best MIM degrees. The program assists students in supplementing their undergraduate subject of study with business skills and expertise. After completing their program, graduates will have an interdisciplinary skill set. Students gain a wide business vital understanding over the 10 months of full-time focused study. 


Year of establishment 1966
Endowments Value Canadian Dollar 120 million
No.of Campuses 5
Yearly Hostel & Meals Expense 10785 CAD
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#7. University of Waterloo :

First Year Fees: Rs 38.9 Lakhs

Eligibility: TOEFL: 90; IELTS: 7; PTE: 63

The University of Waterloo is a well-known Canadian public research university. You can get a comprehensive education style in the MIM program of this university. The campus contains about 100 buildings and six faculties. There are 42,000 full-time and part-time students at the university. About 4,500 of these students are from other countries.

Co-op courses are available to 73% of undergraduate students at the University of Waterloo. 96 percent of the university’s co-op alumni found work within six months after graduation. The institution receives about 64 million dollars in direct business and government funding.


Year of establishment 1956
Also Known As UWaterloo
Size of Campus in acres 1000
UG/PG Course Ratio 1.69
Endowments Value Canadian Dollar 367 million
No.of Campuses 4
Yearly Hostel & Meals Expense 15120 CAD
International Students Website Go to website…

#8. University of Windsor :

First Year Fees: Rs 14.4 Lakhs

Eligibility: TOEFL: 83; IELTS: 6.5

The University of Windsor is a Canadian public research university located in Windsor. It was founded in 1857, making it Canada’s southernmost institution. The university has 9 faculties, such as the Faculty of Social Sciences and Humanities, Arts, Graduate Studies, Law, Nursing, Engineering, Education, Science, Human Kinetics, and the Odette School of Business. The institution’s research faculty has broadened its focus to include health, business, and natural science and research.


Year of establishment 1857
Size of Campus in acres 125
Male/Female Ratio 1.08
UG/PG Course Ratio 0.37
Faculty/Student Ratio 26
Endowments Value Canadian Dollar 110 million
No.of Campuses 2
Yearly Hostel & Meals Expense 19158 CAD
International Students Website Go to website…

#9. Dalhousie University :

First Year Fees: Rs 10.0 Lakhs

Eligibility: IELTS: 7

Dalhousie University provides students with the most diverse range of academic programmes in Atlantic Canada. You will learn from top specialists in various fields who have won honours for their teaching and contribution to make this world a better place. You will apply what you have learned through integrated working experiences that will guarantee you are job ready when you graduate. Dalhousie will make you feel accepted and cherished for who you are and who you want to be.


Year of establishment 1818
Also Known As DAL
Total International Students 3843
Male/Female Ratio 1.16
UG/PG Course Ratio 0.70
Faculty/Student Ratio 16.5
Endowments Value Canadian Dollar 582 million
No. of Campuses 4
Yearly Hostel & Meals Expense 12647 CAD
International Students Website Go to website…

#10. McMaster University :

First Year Fees: Rs 6.8 Lakhs

Eligibility: IELTS: 6.5

This public university was established in 1887. The central campus of the Canadian institution is located in a suburban neighbourhood of Hamilton, Ontario.  There are additional campuses in downtown Hamilton, Kitchener-Waterloo, Burlington, and Niagara. Foreign students at the institution come from more than 75 nations, while full-time faculty come from more than 55. Non-Canadian students pay more tuition. There is university-operated student accommodation available, with alternatives such as all-female communities, healthy and active lifestyle communities, and global perspectives groups.


Year of establishment 1887
Also Known As Mac
Total International Students 2823
Size of Campus in acres 300
Endowments Value Canadian Dollar 704 million
No.of Campuses 6
Yearly Hostel & Meals Expense 12720 CAD

MIM Universities without GMAT

  • Queen’s University
  • York University
  • Lakehead University
  • Thompson Rivers University Business and Economics
  • New York Institute of Technology
  • Wilfrid Laurier University
  • Ivey Business School

Scholarships for MIM in Canada :

Scholarships (undergraduate, graduate, and doctorate) are available to foreign students in Canada. Some examples of MIM scholarships in Canada for foreign students are mentioned below:

Scholarship Name

Awarded to

Ontario Graduate Scholarships

All international students studying full-time or part-time graduate programs in Ontario who have received a first-class or equivalent in the entrance test.


Amount/Benefit: CAD 15,000/ year

University of Manitoba Graduate Fellowships

Graduate students at the University of Manitoba who have demonstrated high intellectual abilities and academic achievements.


Amount/Benefit: CAD 14,000/ year

Asian Top Talent Scholarships

Students from Asia who have excelled at the University of British Columbia.


Amount/Benefit: CAD 10,000 - CAD 35,000

Derrick and Lytta Pereira Prize

Students displaying exceptional achievement during the application process for the MSc Management degree at the University of Lethbridge.


Amount/Benefit: CAD 15,000

Additional scholarships for foreign students at Canadian universities include:

  • York University International Student Scholarship Program 
  • University of British Columbia Scholarships for International Students
  • Carleton Prestige Scholarships
  • Calgary International Entrance Scholarships
  • Winnipeg President’s Scholarships for World Leaders
  • Humber College International Entrance Scholarships
  • Vanier Canada Graduate Scholarships
  • University of Manitoba Graduate Fellowships
  • Pierre Elliott Trudeau Foundation Doctoral Scholarships
  • University of Waterloo Master’s Awards of Excellence
  • University of Calgary Graduate Awards

Jobs After MIM in Canada :

MIM graduates in Canada are in high demand for jobs in both the public and private sectors. You can achieve high-profile employment if you are well-equipped with all managerial skills. Young graduates have found work in well-known companies such as:

  • SAP
  • Accenture
  • Microsoft
  • Apple
  • Amazon
  • Deloitte

The following are some popular jobs and their average salaries:

Job Title

Average Salary Per Year

Business Coordinator

CAD 50,000

Research Analyst

CAD 55,000

Assistant Manager

CAD 47,000

Junior Accountant

CAD 43,000

Junior Business Analyst

CAD 40,000

Cost of Living in Canada :

The following is a list of the many expenses that must be considered while determining the cost of living and other necessities in Canada:

Cost of Living in Canada


Flight Expense

INR 1,00,000- 2,00, 000/- per flight

Study Permit Fees

INR 11,123

Work Permit Fees

INR 11,493)

IELTS test Fees

INR 14,700


INR 2,67,000-INR 5,39,000 per annum

Travel Costs

INR 4,300-INR 6,000 per month

Health Insurance

INR 17,000-INR 44,000


INR17,508-INR 23,344 (monthly)


43,770 INR (monthly)

Now, let’s take a look at the average cost of living on the basis of cities in Canada:


Average Living Cost (Yearly)


INR 22,18,460


INR 23,08,210


INR 14,99,845


INR 11,99,301


INR 16,13,865

Conclusion :

MIM in Canada is an excellent opportunity to begin your professional career in business and management at a young age. The skills and knowledge you have acquired will allow you to succeed and be connected to work opportunities in Canada. So, what are you waiting for? Get yourself ready for the journey.

Learn more about study abroad programs here.


Is work experience essential for a MIM degree in Canada?

Not all of them require work experience.

How long is the MIM degree in Canada?

Full time duration is 12 months. Part time programs might extend up to 15 months.

 Is MIM equal to MBA?

No, because both the degrees offer different sets of learnings, advantages and opportunities. 

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