International Business Management in Canada: The Start to a Lucrative Career Ahead!

Introduction:

Canada is a beautiful and hospitable country with a great number of quality educational institutes. International students can pick from universities like University of Alberta, HEC Montreal, and Western University to study International Business Management. The living standards are very high in Canada and the cost of tuition fees can be much within budget. An international business graduate can earn around 90,000 CAD yearly and can apply for lucrative positions such as International Trader, Supply Chain Manager, Consultant, Market Analyst, Product Manager, External Auditor and many more.

To learn more about why you should study in Canada, keep on reading below.

Why Should You Study International Business Management in Canada?

With so many countries on the world map where you can travel to in order to pursue your higher studies, you may be asking yourself, why study in Canada of all places? Provided below is a list of reasons to help you make the best decision for yourself.

• Pursuing international business management in Canada is a sure-shot start to a promising career ahead. There is a lot of scope for career opportunities in fields such as insurance, healthcare, utilities, finance, gas extraction, oil mining, manufacturing, scientific and technical services and education. After you complete your graduation, you can apply for a few renowned certifications in Canada such as FITT (Forum for International Trade Training) and CITP (Certified International Trade Professional). The only requirement to pursue these certifications is one year of industry experience.
  
• The job opportunities for international students after completing their course are many. According to statistics, the number of people employed in management-related roles in Canada was around 1.87 million.
  
• The average salary of a fresh graduate with a degree in international business management is around 60.00 lakhs or $81,000 per year. Those who have gathered some experience can expect to earn up to approximately 1.15 crore or $154,000.
  
• There are many top-quality educational institutes in Canada from where aspiring students can earn their degree in International Business Management. These institutions include George Brown College, Seneca College, Fanshawe College, Lambton College, Conestoga College, and Niagara College amongst many others.
  
• Under the overarching umbrella of international business management, there are many subfields that one can specialize in. These include the following:
• Human resource management
• Business economics
• Business research methods
• Corporate ethics and governance
• Leadership development
• Entrepreneurship
• Business Statistics
• Fundamentals of international management
• International business law
• International banking and finance
• International entrepreneurship and innovation

Other subjects that one can consider are global business analysis and research, international marketing, business networking, international business planning, international development, and corporate social responsibility.

Curriculum for International Business Management in Canada

An international business management degree is a specialized program that focuses on key concepts of finance, economics and international business. As a student of international business management, you are likely to be taught the following aspects:

• Statutory and regulatory compliance
• Cultural etiquette
• Product and service movement in the global supply chain
• International business plan and protocol
• Legal practices
• Ethical standards
• International finance
• International trade finance
• Global business management
• International marketing plan
• Human resource strategies
• Foreign exchange strategies
• International payment options and instruments

Cost to Study in Canada

A degree in international business management in Canada is highly in demand. If you are planning to pursue the same, you should have an approximate idea of the cost of university fees. Below is a list of universities and the corresponding course fees that you will have to pay.

Skills Acquired from International Business Management

By studying a course in international business management in Canada, you are likely to acquire the following industry skills which will help you to succeed in your career ahead.

1. Ability to network

Studying international business management can provide an individual networking opportunity that will take them outside of their country. Successful networking can help open up business opportunities overseas.

2. Cross-cultural skills

After you graduate with a degree in international business, you get plenty of exposure to a dynamic workplace that promises a multicultural experience with people working in your organization from all over the world. This will help build ace communication skills over time.

3. Collaboration opportunities

You will get many collaboration opportunities with organizations and businesses overseas. The scope to collaborate for the same goal is the main basis of the business world.

4. Emotional intelligence

Nowadays, a person’s EQ is as important as IQ. EQ also referred to as emotional intelligence becomes a critical skill when it comes to international business. People with strong emotional intelligence are better in control of their emotions and they can also sense another person’s emotions and work accordingly. Individuals with good emotional intelligence are self-aware and they react calmly even under pressure.

5. Adaptive thinking ability

Adaptive thinking is a tactical trait that is very much in demand from professionals worldwide. The ability to solve problems and adapt to the situation at hand is a key skill acquired from learning international business management.

Requirements to Study International Business Management in Canada

The admission requirements for a Canadian institute can vary from one university to the other. However, some common requirements are listed and provided below for your perusal.

• A minimum of grade B in an undergraduate degree program in a related field
  
• GRE/GMAT scores may be required by some universities
  
• Proof of English proficiency (TOEFL, IELTS, PTE)
  
• Some Canadian universities might make it a necessary requirement for the student to have at least two years of professional experience before they can embark on their postgraduate course. Other universities may not have this requirement.
  
• Statement of purpose
  
• Educational transcripts
  
• Letters of recommendation

Scholarships Offered in Canada

There are many scholarships that international students can explore if they are planning to study in Canada. Some of these are offered by the Government, others by universities and private trusts or organizations. Some of these are listed below:

• Ontario Graduate Scholarship- The award value is 5,060 CAD and it is offered by the Government of Ontario
  
• Toronto Met Graduate Fellowship- The award value is 12,000 CAD and it is offered by Toronto Metropolitan University
  
• Alberta Graduate Excellence Scholarship- The one-time award value is 12,000 CAD and it is offered by the University of Alberta
  
• UVic Fellowship Awards- The amount awarded is 10,000 CAD annually and is offered by the University of Victoria

Conclusion

Given the current trends in the education industry, the demand for International Business Management courses in Canada has increased over the years. On average, the cost to study can range from INR 20 lakhs to 45 lakhs depending upon the university you picked. The cost can be reduced with the aid of scholarships. To help you make your dream a reality, consult with the best study abroad consultants in the market for expert guidance. KC Overseas is one such renowned Ed Tech company that has successfully helped many students achieve their dream to study abroad.