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For many students studying in Canada, the cost compared to the benefits of an MBA is a primary consideration when choosing their respective programs. In considering the cost and benefits of a particular program, you will probably want to know the average salaries of graduates' vis-à-vis costs. However, you should consider the average salaries of students before they engage in studies versus their average salaries after graduation in order to determine the differences in average wages.In many cases, although graduates of a specific program may have high salaries, the difference between their respective pre- and post-MBA earnings may not be as high as you may presuppose if their wages were high to begin with. You might also want to determine what industry or sector graduates from certain programs enter because salaries are often determined more by the needs of that industry and sector rather than the degree itself. In other words, you should investigate to what degree a MBA itself is responsible for stated increases in employment opportunities and/or in salaries. Although it is often assumed that the more prestigious and, thus, usually the most expensive MBA programs are the best and will provide you with the greatest opportunities upon graduation, this is not always the case. When the costs and benefits of a degree are analyzed you may conclude that you do not require the most expensive MBA to increase your opportunities for success. Critera for Choosing a MBA School and Program
- Costs and benefits
- Specialized, general, or combined MBA
- Curriculum
- Teaching quality
- Reputation of the MBA school
- Cooperative MBA programs
- Distance MBA programs
- Full-time vs part-time MBAs
- Internationalized MBA
- Recruitment possibilities
- Rankings
- International accreditation
- Peer group
- Size of student population
- Competition
- Bilingualism/Linguistic choice
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