Day: June 7, 2022

Project Management Courses In Canada: Which One Is The Best For You

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Project Management Courses In Canada: Which One Is The Best For You

In the world of increasing demand for project managers, completing a project management course is a great career investment.

In this guide, we have explained why doing a project management course in Canada is a great choice, what are your options, and how to choose the best one.

Why To Do A Project Management Course In Canada

There are a lot of benefits of studying in Canada and in doing a project management course in Canada. Let us take a look at them.

1. Studying in Canada is cheaper than studying in the US.
2. The cost of living in Canada is much lower as well.
3. Canada is friendly to immigrants and the chance of getting a permanent residency is higher.
4. Living in Canada also gives you quick access to the US.
5. Project management is an extremely rewarding course for your career.
6. Students and professionals can switch fields easily while increasing their income.
7. The demand for project managers in North America is constantly increasing.

There are different types of project management courses in Canada that can be a great option for students and experienced professionals.

Types Of Project Management Courses In Canada

Type of the project management course in Canada

Average cost

Length of the course

Ideal for

Graduate Certificate In Project Management

16,000-20,000 CAD

8 months

Professionals who want to migrate from technical to managerial domain

Graduate Diploma In Project Management

17,000-25,000 CAD

1-2 years

Professionals with less job experience.

Masters In Project Management

20,000-40,000 CAD

2 years

Students

Mba In Project Management

25,000-50,000 CAD

2 years

Students and professionals

Here are more details about each of the types of project management courses in Canada.

Graduate Certificate In Project Management In Canada

Certificate programs are interpreted more as academic achievements than independent degrees and can be pursued at both Bachelor’s and Master’s levels. True to their name, ‘certificate’ degree programs attest that the holder has practical knowledge of the subject.

These programs are ideal for those who are short on time and want to get a job in the project management sector. For example, students who are in the technical field but want to switch to a managerial role will find these courses beneficial.

To complete this kind of project management course in Canada, will cost you between 15,000-20,000 CAD.

Graduate Diploma In Project Management In Canada

A diploma in project management is generally awarded by universities rather than postsecondary colleges. These kinds of courses are longer than graduate but shorter than a degree or an MBA program.

These kinds of project management courses in Canada are ideal for technical students who want to try their hand in the managerial world. They differ from certificate courses in the point that they are more in-depth and are opted by individuals with less job experience.

A graduate diploma in project management in Canada will cost you between 17,000-25,000 CAD.

Masters In Project Management In Canada

These degrees are longer than the above two kinds of project management courses in Canada and help students and professionals switch fields. Masters in project management in Canada are specializations in that field.

If you are a student fresh out of college with a Bachelor’s degree with little to no job experience, this is the best choice for you. It will take two years to complete but will give you all the theoretical and practical knowledge to become an all-rounder in project management.

Depending on the college/university and scholarship amount, a Masters in project management in Canada will cost you between 20,000-40,000 CAD

MBA In Project Management

MBAs are known for rewarding the degree holders with massive salaries and if that is what you are looking for, then this may be the right choice for you. It is not that other types of project management courses in Canada have lower returns, it is that MBAs will give higher returns fast.

These degrees are ideal for both students with little to no work experience and professionals who have lots. By nature, an MBA in project management is much tougher than other project management courses.

It will cost you between 25,000-40,000 CAD to get one of these.

Now the question is which college/university should you go to?

Best Colleges And Universities For Doing A Project Management Course In Canada

For Indian students and professionals who want to do one of the project management courses in Canada need to focus on the following things –

1. Career aspirations: Being a project manager has its advantages and disadvantages. Make sure that you are okay with both.
2. Financial investment: This is a huge factor, especially for middle-class families. The best choice is a low interest, no collateral loan.
3. Return on investment: Job opportunities and the salary range. However, it is tricky because it depends on personal factors like job experience, the field of choice, etc.

Type of project management course

Top colleges/universities where it is offered

Average salary earned by graduates

Graduate Certificate In Project Management

  • Conestoga College
  • Royal Roads University
  • Fanshawe College
  • Centennial College

58,000 CAD

Graduate Diploma In Project Management

  • Vancouver Island University
  • University of Winnipeg
  • Douglas College

66,000 CAD

Masters In Project Management

  • Northeastern University
  • Royal Roads University
  • École de Technologie Supérieure

72,000 CAD

MBA In Project Management

  • University of Northern British Columbia
  • University of Canada West

75,000 CAD

Note: These are average estimated salaries. Salaries depend on multiple factors like the profitability of the industry, prior work experience, city of work, company, etc. The numbers above are to be used for comparing the different types of project management courses in Canada. With all these options, it might be confusing, to say the least for Indian students who want to do any management degree including Masters in project management in Canada. It is very crucial to choose the college/university that is best for you.

How SelectRight Helps You Choose The Best University For Doing A Project Management Course In Canada

SelectRight is a college/university searching platform that recommends students’ educational institutions that will be best for their careers. It works in five simple steps. Take a look:
Create your SELECT account and get customized university recommendations. The five-step process for selecting the best college/university for a project management course in Canada benefits Indian students in a variety of ways.
1. Cuts Down Your College/University Searching Time Significantly
To do a project management course in Canada, the first thing you need to do is find a college that matches your preferences. In order to do that, you have to write down the crucial details of your profile, like educational details, job experiences, etc., and start your search. While searching, you have to go through a lot of blog articles, forums, and videos to learn about various colleges/universities that could be the best for you. Then, you will see if it matches your preferences and start applying to each of them The problem is, it takes a lot of time. Depending on your parameters, it can take between a few weeks to a couple of months. SelectRight sends you college/university recommendations instantly.
All you need to do is create a SELECT account and let us know your preferences. We will cross-check it with all the Canadian universities and colleges that offer project management courses. Then, that list will be sent to your inbox.
2. Choose The College/University That Is Best For You
It is no surprise that a majority of information on the blogs about various universities and colleges for doing a project management course in Canada is sponsored. All those sites want to do is get you into a specific college so that they can earn some commission. More often than not, those college/university options are not best for you. SelectRight implements data analysis to send the best college recommendations. We have over 500 colleges/universities in our database and we evaluate each college on 100+ parameters. Through machine learning, we ensure that the applicants get the best choices in front of them.
3. Get Advice From Alumni And Experts
When planning to do a project management course in Canada, it is crucial to have the right information about everything. Living in a new city and starting a unique career journey will definitely pose some important questions you want to be answered. Unfortunately, most of the students struggle to find the right guidance, until now. SelectRight connects you with alumni and experts who can answer all your questions. As these individuals were either in your shoes in the past or have helped multiple individuals like you earlier, they can guide you easily. You can get all your doubts cleared fast. Start By Creating Your SELECT Account Sign up now with SelectRight and answer a few questions about your preferences. We will send you college recommendations immediately.

FAQs

1. Which project management certification is best in Canada?Answer: For students, Masters in project management is the best option. However, it depends on your career preferences.
2. How much does project management cost in Canada?Answer: It depends on the type of project management course in Canada you are going for and the college/university you have selected. The Certificate program costs the least and the MBA costs the most.
3. MBA in project management pays the most. Should I just go for that?Answer: The average salary for MBA in project management is higher than the average salary in other types of project management courses. It doesn’t necessarily mean it pays the most. Salary depends on many factors like industry, existing job experience, etc.Before choosing a type of project management course, you should make sure you understand the pros and cons of it, which we already explained in this article.
4. Which of these colleges/universities offer scholarships?Answer: Most of the top colleges offer scholarships. But there are a lot of organizations that sponsor meritorious students. It is hard to say which scholarship will be the best for you as each student is unique.
5. Project management jobs pay more in the US. Isn’t that an obvious option?Answer: True. However, at the beginning of the article, we have explained why Canada is a better destination: lower course fees and cost of living, more chances of getting citizenship, etc., make Canada better.

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Government education loans for studying abroad – Options for Indian students

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Government education loans for studying abroad – Options for Indian students

Education loans for abroad studies by the Indian government are one of the best loan options for meritorious Indian students for several reasons. Let’s go through them one by one.

1. You can consider education loans for abroad studies by the Indian government if you get selected by a top college in any top country. Multiple universities and colleges in the US, the UK, Australia, France, Austria, and other countries of Europe are on that list.
2. Lower rates of interest. As compared to private banks, government education loans for studying abroad come with a lower rate of interest.
3. The rate of interest is less likely to fluctuate if you get a government education loan for studying abroad. Every rate of interest has a flexible component that is dependent on economic conditions. That component fluctuates a lot more with private banks.
4. Education loans for abroad studies by the Indian government charge a lot less in processing fees. It is another financial advantage for Indian students who are planning to do their Masters abroad.

These make it one of the most sought-after financial solutions for Indian students who want to study abroad.

In this article, we will let you know which government banks are the best for international educational loans for Indian students and how we can help you secure the best education loan for yourself.
Best Government education loans for studying abroad

Name of the scheme

Salient features

National Backward Classes Finance and Development Corporation (NBCFDC)

  • For students from backward classes who are below the poverty line and have a family income of less than ₹3.30 lakhs.
  • The maximum loan amount is ₹20 lakhs.
  • Students must have secured at least 70% of their college education.

Padho Pardesh Scheme

  • Students can apply for this scheme if they secure more than 60% in class 12.
  • The gross family income should be less than ₹4.5 lakhs.
  • Students belonging to certain minorities can avail of a 100% subsidy if they are meritorious.

Dr. Ambedkar Central Sector Scheme

  • This scheme offers 100% subsidy to meritorious students with a financially weaker background.
  • The student should score at least 60% in class 12.
  • The gross family income should be less than ₹3 lakhs.

Documents required for applying for a government education loan for studying abroad

1. Filled application form (online). 2. Scholarship documents. 3. Bank documents – income proof, details about running loans, etc. 4. Identification documents proving citizenship. 5. Admission letter from college/university. 6. Self-declaration letters for getting the loan sanctioned.

How to apply for a government education loan for studying abroad

You can apply for each of the government loan schemes from their unique web pages, but there is another centralized solution for it. In the financial year (FY) 2015-16, Arun Jaitley, the finance minister proposed a digital solution through which Indian students can apply for loans in both India and abroad. Vidya Lakshmi is the first one of its kind education loan portal that students can use to apply for 131 schemes and loans from multiple banks. This platform can be used to track loan applications as well. However, there are a few demerits with Vidya Lakshmi – 1. For studies within India, you can get a maximum loan of ₹7.5 lakhs. 2. For studying abroad, the maximum limit is ₹15 lakhs. This is particularly challenging as studying abroad can be much more expensive than that. Furthermore, you cannot get loan options from non-banking financial institutions (NBFCs) and private moneylenders. Even though you are just looking for an education loan for abroad studies by the Indian government, it doesn’t hurt to have multiple options. If you don’t have many options, you can’t really choose an education loan that is best for you.

How to choose the best education loan for studying abroad

If you do not find the best government education loan for studying abroad for any reason, do not get disheartened. Getting an education loan for abroad studies by the Indian government can be difficult as there is a lot of paperwork involved and the speed of the process. There is another proven way that will help you secure an education loan that is best for you. FundRight. Here is how FundRight has been empowering students just like you by helping them secure the best loans including education loans for abroad studies by the Indian government for studying abroad.
Apply Now

Choose from 30+ moneylenders

In today’s world, having multiple options is necessary especially when you are looking for a government education loan for studying abroad. It gives you an advantage when making a financial decision like picking one of the many education loans for abroad studies by the Indian government.
Select from 30+ public and private banks, NBFCs, and private moneylenders with FundRight.
Every student is different and unique and so are their financial needs. Loan amount, margin money, collateral, repayment period, etc., are some of the many factors that are unique to you. \ Hence, we made sure that you have as many options as you might need while choosing the perfect education loan for abroad studies by the Indian government. We are also adding more options consistently to give you even more options.

No more back and forth with banks

The biggest drawback while getting a government education loan for studying abroad is dealing with their long, slow, and inefficient process. After you fill up the initial set of forms, there will be amendments and corrections as the bank continues to request more information from you.

This results in you running back and forth to the bank, submitting new documents to ‘complete’ your profile so that it will be examined by bank officials. A necessary process before the education loan for abroad studies by the Indian government is approved for you.

Not to mention, this process is dependent on how available bank employees are.

With FundRight, you have to submit your documents once.

After you create an account and submit your details, we will share the relevant information with the moneylenders to get you quotations. Our method saves a lot of time, money, and stress for Indian students who want to take a loan to study abroad.
Get loan recommendations in 48 hours
As soon as you let us know a bit about your preferences, we will forward those details to all the moneylenders in our database. They will evaluate your profile and will send you multiple education loans for abroad studies by the Indian government to choose from immediately.

Receive loan options from banks and NBFCs within two days.

The best part about our process is that you won’t even have to leave your home. Our process is entirely digital and we will send you loan options directly to your inbox.

This will put you in a position of advantage as you will be sitting on multiple offers of education loans for abroad studies by the Indian government as opposed to the bank calling the shots. As a result, you become the selector instead of the other way round.

Save money by making banks compete

FundRight is India’s first loan-bidding platform. It means, that when moneylenders (banks and NBFCs) examine your profile, they will compete to get your approval. Consequently, you will get the best deal and the best government education loan for studying abroad.

Save 2-5% on your loan interest with FundRight.

Apart from giving meritorious students who want to study abroad multiple education loans for abroad studies by the Indian government options, our aim was to save them money. By making the moneylenders compete, you can choose the option which is best for you.

This is something you cannot do while only applying for an education loan for abroad studies by the Indian government as you will have limited options or none at all.
Receive unbiased advice from experts
In the case of an education loan for abroad studies by the Indian government, the ‘experts’ will work to get the bank the best deal. In other words, they won’t have your best interests at their heart.

At FundRight we will have your profiles and loan applications evaluated by unbiased experts.

To ensure that the process is transparent, we will hide unique identifiers from your profile before sharing them with the experts. They will only look at the details they need to recommend the best government education loan for studying abroad to you.

Your choice of college will be evaluated on the latest parameters

If you don’t know this yet, bankers examine your college/university on a variety of parameters before letting you know the details about your loan. This is true even when you are getting an education loan for abroad studies by the Indian government.

Unfortunately, most traditional (government) banks huge colleges on the basis of outdated parameters. That means you will not secure the best loan.

FundRight evaluates colleges on 100+ relevant parameters while giving out a loan.

This helps us pitch your profile to our moneylenders and secure a great deal. As we have public banks in our database, we can also get you a great government education loan for studying abroad.

The importance of selecting the right college cannot be understated. This brings us to the next point.

We can also help you select the college/university that is best for you.

Just like helping you secure the best loan, we will send you college recommendations after you sign up and create a SELECT profile.
Secure the best education loan for abroad studies by the Indian government today
Secure the best education loan for studying abroad with FundRight.

Let us know your preferences and we will take care of the rest.

FAQs

1. Are government loans for studying abroad better than private loans?

Answer: It is hard to say which loan is best for you as it depends on a variety of factors. Both kinds of moneylenders have their own advantages which makes them a preferred choice for different kinds of students who want to study abroad.
2. Which government education loan scheme should I go for?

Answer: It depends. You need to fall in the income bracket, meet the caste requirements, and have the merit for the same. The best idea is to fill the form on Vidya Lakshmi and see which schemes you can apply to.
3. Can I apply for other scholarships along with the schemes?

Answer: Yes. Make sure that you qualify for both.

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Cost of Studying in Canada for Indian Students: Tuition, Accommodation, and More

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Cost of Studying in Canada for Indian Students: Tuition, Accommodation, and More

‘Study in Canada.’

Does that sound like a dream to you? Want to make it real with us?

But first, how much do you think is the cost of studying in Canada for Indian students?

More importantly, do you know what all expenses would your budget to study in Canada entail?

From covering expenses before starting your journey of studying in Canada to after moving to the country, this article has it all in the store for you.

So, hop onto the ride with us, and let’s crack the code of planning a budget for studying in Canada.

What’s Next?

Today, you will get to know –
● Cost of Studying In Canada For Indian Students: At A Glance
● Cost Of Studying In Canada For Indian Students Before Arrival
○ Language And Subject Tests
○ Application Process Fee
○ Certificat D’acceptation Du Québec
○ Canada Study Permit Fee
○ Tuition Fee
○ Medical Test And Flight Tickets
● Cost Of Studying In Canada For Indian Students After Arrival
○ Accommodation Cost To Study In Canada
○ Other Expenses
● FAQs On Cost Of Studying In Canada For Indian

Cost of Studying in Canada for Indian Students: At A Glance

Here’s an overview of your expenditure to study in Canada. The amount may vary depending upon various factors. So, you are advised only to use the following figures as references.

Expense Category

Cost

College Application Fee

C$ 50 – C$ 200

Tuition Fee for UG Courses

C$ 23,000 – C$ 60,000

Tuition Fee for PG Courses

C$ 20,000 – C$ 55,000

IELTS Test Fee

C$ 238

Accommodation (for 1 person)

C$ 774 – C$ 1,135+

Transportation (within the country)

C$ 80 – C$ 110/ Month

Transportation (to the country)

C$ 1,600 – C$ 3,400/ Per Flight

Canada Study Permit

C$ 150

Canada Work Permit

C$ 155

Cost of Studying in Canada For Indian Students Before Arrival

Before arrival. Yes.

If you have already started figuring out the cost of studying abroad, you must know that before you even step a foot in the country, there’s already a long list of things that you will have to spend money on.

But what all will you have to pay for? Let’s find out.

Language and Subject Tests Cost to Study in Canada

There are so many exams to study abroad for Indian students. Some of them are the English language proficiency tests, whereas some are subject-specific tests.

Tests

Fee Range

Language Tests

IELTS

C$ 249+

TOEFL

C$ 238+

PTE

C$ 238+

Subject Tests

GRE

C$ 150 – C$ 205

GMAT

C$ 345+

LSAT

C$ 270 (LSAT writing fee, additional charges not included)

SAT

C$ 130+

NOTE: Depending on various factors, the fee may change. Please consult an expert before planning your budget to study in Canada.

Application Process Fee to Study in Canada

There’s no common figure for the application fees to study in Canadian colleges. It differs from university to university. It may range from C$ 45 to C$ 200, depending on the university you are applying to. At the time of the application, you will also have to provide your language and subject proficiency test scores along with proof of your academic and work experience.

Certificat d’acceptation du Québec (CAQ)

If you are planning to study at universities in Québec, you will have to produce a Certificat d’acceptation du Québec (CAQ). This document is issued by the government of Québec permitting you to study in Canada. It is like a certificate of acceptance. The application fee for this document is C$ 114. You will also have to pay for sending the documents to Québec, which can vary from C$ 32 to C$ 35.

Canada Study Permit Fee

The application fee for a permit to study in Canada is C$ 150. If you are also giving your biometrics, which includes a photograph and fingerprints, it will cost you C$ 85.

Tuition Fee Cost to Study in Canada

Just like the application fee, the tuition fee cost of studying in Canada also varies for different colleges. Although we can’t give you an exact number that works for all universities, you can go through the degree-wise fee range below to use the figures as references. Bachelor’s Degree in Canada An undergraduate degree program in Canada can cost you anywhere from C$ 23,000 to C$ 60,000 or more. You can check out the latest fee range in the image below.
NOTE: ● The X-axis in the above graph represents tuition fees ● The Y-axis in the above graph represents different fields of study in Canada As you can see, Medicine courses are one of the most expensive programs, whereas Education and Liberal Arts courses are rather less expensive.

Master’s Degree in Canada

The tuition fees for postgraduate degree programs in Canada have increased by two times over the course of 16 years (from 2006 to 2022). Currently, the average tuition fee amount stands at C$ 20,000. Check the image below to compare the numbers from previous years.
Haven’t decided on a college yet? Don’t worry, SelectRight is here to help you. Try now! Medical Test and Flight Tickets Cost to Study in Canada If you’re a frequent flier, you know that the ticket prices change depending on when you’re booking them and which seats you prefer. The flight tickets from Delhi to Canada can range anywhere from C$ 1,328 (₹ 82,000) to C$ 3,239 (₹ 2,00,000). You can also check out the average ticket prices for flying from different cities in India below.

About your medical examination, it will include various medical tests. Depending on your application’s requirements, the fees will vary. The examination can include:

● Special tests, investigations with treatment, if needed
● Seeing a radiologist
● Consultation with different specialists

Cost of Studying in Canada For Indian Students After Arrival

Take a deep breath. After going through all the different steps and paying for them, you have finally entered Canada.

Now, let’s talk about how much you will be spending on different things.

Accommodation Cost While Studying in Canada

On average, you will have to pay at least C$ 800 for your accommodation to study in Canada.

University Housing

Many universities provide housing at subsidized rates. These properties are fully furnished and you may include a 3-time meal in your package as well.

For this, provided that you are living alone, you may have to pay anywhere from C$ 3,000 to C$ 7,500.

Private Housing

If you are someone who prefers more privacy and would like to live away from your college campus, you can opt for private housing.

For this, you will have to pay a security deposit along with advance rent for two months immediately. If you are financially prepared for these expenses, you can go ahead with the private housing option.

Depending upon the area and type of property, if you’re living alone, it can cost you from C$ 2,000 to C$ 8,500.

You can also go through the image below to know the city-wise cost.

Other Expenses to Study in Canada

Things like food, transportation, utilities, entertainment, health insurance, etc are the expenses that will make up a large percentage of your budget.

Check out the table below to find out the average cost for all these things and then plan your expenses accordingly.

Transportation

1 L Gas

C$ 1.70

Taxi 1km (Normal Tariff)

C$ 2

Monthly Pass

C$ 100

Food

Vegetables and fruits (per week)

C$ 30

Bread/ Milk/ Rice/ Egg

C$ 2.5 – C$ 4

A meal in an inexpensive restaurant (one person)

C$ 18 to C$ 22

Entertainment

Dinner at an expensive restaurant (for two)

C$ 100

Theatre Tickets for Two

C$ 70 – C$ 153

Movie Tickets for Two

C$ 14 – C$ 30

Personal Care and Hygiene

Clothing (one piece of garment)

C$ 25 – C$ 130

Toiletries for 2 weeks

C$ 25

Gym or Fitness Club Membership

C$ 53

Haircut

C$ 29

A 15-minute visit to a private doctor

C$ 166

Health Insurance

C$ 600 to C$ 900

FAQs on Cost of Studying in Canada for Indian Students

Have more questions? Maybe these will help.
Q: How much does it cost to live in Canada for a month while studying?
Ans: Excluding your tuition fee, depending upon various factors, it can cost you C$ 1,200 to C$ 4,500, on average.

Q: Is the cost of studying in Canada for Indian students high?
Ans: That depends upon what your affordability range is. Canada has universities that charge you a tuition fee of C$ 1,500 and also the universities that charge you C$ 78,000. Some of the cheap universities in Canada include:
● McGill University
● McMaster University
● University of Brandon
● University of British Columbia
● Université de Saint-Boniface
● University of Montreal

Q: What is the cheapest UG course in Canada?
Ans: Subjects with a low tuition fee range include Education, Nursing, Performing Arts, etc. The average fee for UG courses in these subjects costs a little over CS 20,000.

Q: What is the house rent in Canada for international students?
Ans: Housing costs to study in Canada can range from C$ 850 to C$ 7,500.

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Masters in Data Science in Canada: Top Universities, Costs, Eligibility & Salaries

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Masters in Data Science in Canada: Top Universities, Costs, Eligibility & Salaries

Data science is an interdisciplinary field involving algorithms, statistics, mathematics skills, and programming skills.

Data scientists extract data-centric information from various sources to gain insights into various technical programs such as targeting audiences and program recommendations in applications like Amazon and Netflix.

Data science has gained popularity in recent years because of its efficiency in generating large amounts of data to generate information, develop business models, and increase customer satisfaction.

Its relevance has also increased primarily due to the technology-driven century we live in, thereby escalating the demand for data analysis and data scientists globally.

Almost a decade ago, Harvard Business Review dubbed data science the “Sexiest job of the 21st century” and is expected to grow by 28% by 2026.

Therefore, working as a Data Scientist will provide you with stability and longevity.

If you’re wondering of attractive opportunities in the field, do consider studying in Canada. Canada is one of the highest paying countries for Data Scientists.

Why Study Masters in Data Science in Canada?

Canada’s low tuition costs and high paying jobs make master’s in Data Science in Canada a great choice.

  • Along with the decently priced tuition fees, Canada is emerging as one of the top choices for Indian students to study for the following reasons:
  • Numerous scholarships for international students.
  • Flexible immigration policies.
  • More than twenty colleges and universities are placed in the QS world ranking. These universities provide some of the best MS in Data Science coaching.
  • Finally, students can also work part-time to manage their living in Canada
  • The post-study work visa facility is another cherry on the cake for students moving to study Masters in Data Science in Canada.

Given the number of perks of studying MS in Data Science, Let’s at the top universities for MS data science in Canada along with their tuition fees.

Universities

Duration

Cost CAD ($)

Cost (₹)

University of Toronto

1 Year

61,000 CAD

₹37,37,340.70

University of British Columbia

10 months

45,898.74 CAD

₹28,12,358.09

Thompson Rivers University

2 years

38,528 CAD

₹23,60,564.10

Queen’s University ( Smith’s School of Business)

12 months, Full time

74,500 CAD

₹45,64,525.16

University of Western Ontario

12 months, Full time

52,655 CAD

₹32,26,108.35

HEC Montreal

2 years

28,800-29,900 CAD

₹17,64,473.03-18,32,260.36

Simon Fraser University

16 months, Full time

42,165.56 CAD for four semesters

₹25,83,850.70

Ryerson University

1 Year

23,795.81 CAD

₹14,58,176.30

Carleton University

2 Years

31,258-51,018 CAD

₹19,15,449.60-31,27,020.17

University of Waterloo

1 Year 4 Months

40,000 CAD

₹24,51,699.53

Note: The tuition fees are subject to change and some of them are not inclusive of other fees such as student union fees, books, internet facilities at the campus.

Eligibility to Study MS Data Science in Canada: Who Can Apply for Masters in Data Science in Canada?

Studying MS data science in Canada requires a minimum of three to four years’ undergraduate degree in Data Science, Computer Science, Business Analytics, Economics, Statistics, Engineering, or any other related subject.

(Depending on the requirement of your desired university, an undergraduate with a three years’ degree can apply to the program by attending a one year diploma course related to the program, thereby extending to four years.)

  • Along with a relevant degree, you must have an average GPA of 3 or 78% or B grade equivalent in the qualifying undergraduate degree.
  • Experience at the senior level in at least one of computer science or statistics is a requirement for some institutes.
  • ELTS score of 6.5-7 or TOEFL(IBT) scores of 86-100
  • GMAT/GRE scores.

Now that we have sorted the eligibility criteria, let’s move on to the types of courses offered in the MS Data Science program in Canada.

Suggested Read: List of Documents You Require to Study Abroad

MS in Data Science Canada: What Do You Learn in Data Science Canada?

Understanding what you will be taught in the Data Science program will help you gauge a better idea about the course. The table below shows you keep subjects you will learn at the top universities for Masters in Data Science in Canada:

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You can check out the university websites for further information on the courses offered.

Speaking of the best universities and courses, you definitely need to know how much does it cost you to study MS Data Science in Canada. So, here’s a break-up:

Costs of Studying MS Data Science in Canada:

The cost for pursuing an MS Data Science degree in Canada can be divided into three categories: pre-arrival costs, cost of study, and cost of living.

You can take care of the overall cost of studying Masters in Data Science in Canada by also signing up for a smart funding option like FundRight, to plan and support your expenses abroad.

Here is a quick overview on the estimated expenses:

1. Pre arrival costs:

Program application fees

76-136 CAD

₹4,656.29 – ₹8,332.30

Visa application

235 CAD

₹14,397.73

Health insurance

10,000 CAD

₹6,12,669.24

Note: The program application fees vary for every university.

You can also include tests costs in your pre arrival costs. That costs about:

Exams

Cost (CAD)

Cost (₹)

TOEFL

236.61 CAD

₹14,500

IELTS

253.05 CAD

₹15,500

Canadian Academic English Language

195 CAD

₹11,942

French Proficiency Tests

440 CAD

₹26,963.64

GRE (General/ subject)

266.11/187.84 CAD

₹16,300/ ₹11,500

Gmat

343.02 CAD

₹21,000

2. Cost of Study:

The average cost of tuition fees for Indian students studying MS Data Science in Canada is about ₹ 12 lakh – ₹ 40 lakh.

3. Cost of Living:

Students in Canada spend on accommodation, food, books and transportation.

To help you get a quick idea on the type of expenses you can expect, take a look at the table below:

Expense category

Cost (CAD)

Cost(₹)

Student dormitory/ residence

8,000-10,000CAD/ year

₹4,90,341.28 – ₹6,12,665.87

Off-campus residence

400-700 CAD/ month

₹24,517.06 – ₹42,904.86

Food

200-600 CAD/ month

₹12,255.36 – ₹36,766.09

Books

800-7,000 CAD/year

₹49,031.03 – ₹4,29,021.53

Transportation

80-120 CAD/ month

₹4,903.10 – ₹7,354.65

The cost of living and related expenditures will vary depending on personal choices, lifestyle and region you choose to live in. Cities like Vancouver and Toronto are comparatively expensive to live in as to other cities.
Refer: Accommodation for international students in Canada

On the brighter side, to effectively manage these costs you can apply for scholarships to study in Canada.

Suggested Read: Best Cities to Study in Canada

Scholarships to Study MS Data Science Canada: Which Are Some of the Scholarships to Study in Canada for an International Student?

There are a number of scholarships available to study Data Science courses in Canada. Starting from government scholarships to university offered scholarships, you have a couple of options to apply to choose from for MS in Data Science in Canada. Some of them are:

1. Master of Data Science International Scholarship

Offered by the University of British Columbia, entrance scholarships of up to $25,000 CAD are offered annually to an international student in each of the MS in Data Science in Canada, Vancouver, Okanagan and Computational Linguistics programs.

This scholarship is awarded to students demonstrating academic and leadership achievements in their undergraduate or graduate program, field or industry.

2. JN Tata endowment scholarship
This scholarship is awarded to Indian students aspiring to pursue masters in Canada. The scholarship amounts to 1600 – 18,135 CAD.

3. Ontario Graduate Scholarships
For students pursuing a masters degree in Ontario, the amount is 20,000 – 32,000 CAD.

4. Ryerson Graduate Scholarships
International students who undertake masters programs at the Ryerson Graduate are awarded 15,000 CAD.

5. GradRight Scholarships
With GradRight you can bag rewarding scholarships to study Masters in Data Science in Canada at ease.

Job Opportunities After Masters in Data Science in Canada:

To measure your ROI after masters in Data Science in Canada, Look at jobs and expected salaries to gauge your future prospects in the field.

Title

Average Salary/year

In INR/ year

Business intelligence analyst

68,995-77,500 CAD

42 lakhs-47 lakhs

Data Analyst

58,443-61,387 CAD

36 lakhs- 38 lakhs

Data engineer

87,922-98,646 CAD

54 lakhs- 60 lakhs

Machine learning engineer

85,660-105475 CAD

52lakhs- 64 lakhs

Financial analyst

63,878 CAD+

39 lakhs+

Data scientist

77,870-95,219 CAD

47-58 lakhs

MS Data Science graduates can look forward to recruiters from top companies in Canada like

  • Wipro
  • Royal Bank of Canada
  • Cognizant Technology solutions
  • Netflix and Amazon
  • Microsoft, Latent View, Genpact.

A Masters in Data Science in Canada will open doors to various opportunities that include exposure to international corporations.
With affordable fees and attractive scholarships, Canada is the perfect country to study a masters in Data Science in 2022 for a rewarding future.

Frequently Asked Questions:

1. Is Canada a good choice for MS in Data Science?

Ans: Yes, globally ranked universities in Canada like University of Toronto, University of British Columbia offer attractive programs for MS data science. Scholarships and future job opportunities for Data Science in Canada too are seemingly bright.

 

2. Are scholarships available to study in Canada?

Ans: Numerous scholarships are offered by the Canadian government for various degrees and programs to study Data Science in Canada.

3. Is MS in Data Science in Canada a good course?

Ans: MS in data science is a trending course globally, expecting to meet the increasing demands of data scientists around the world.

 

4. What kind of jobs can I get after studying for a Masters in Data Science in Canada?

Ans: You can work as a Data Scientist, Data Analyst, Entrepreneur, Machine Learning Engineer, Data Analysts, etc.

 

5. What is the salary of Data Scientists in Canada?

Ans: The average salary of Data Scientists in Canada ranges from 77,870 CAD – 95,219 CAD, i.e, 47-58 lakhs.

 

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Education Loan Eligibility Criteria Guide For Indian Students

Colleges and Universities
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Education Loan Eligibility Criteria Guide For Indian Students

There is nothing better than a degree from abroad to make your CV look attractive to headhunters from around the world.
A foreign degree, from an accredited institution, can open doors, get you the best internships, and position you among the best and brightest. What follows is a quick climb up the corporate ladder and a seven-figure salary.
The sole problem for most students is that education abroad can be costly. A degree from the USA can cost more than ₹ 50 lakhs.
Where would you find that kind of money if you were not born with a silver spoon in your mouth?
It’s easy with education loans from banks and financial institutions. We discuss different education loan eligibility requirements. Read on to know more.

Education Loan Eligibility – a look at the different factors

Before you can obtain a loan first check if you fulfill the criteria for an education loan. This is a generalized list that covers various education loan eligibility factors we have gleaned from different financial institutions.
Of course, the details might slightly vary between Bank A and Bank B. The first might accommodate a loan application (not disbursal) without proof of admission and Bank B might allow a loan for a vocational diploma (e.g. culinary skills).
But these remain the basic criteria for education loans in India.
● The loan applicant must be an Indian citizen.
● The applicant must be a resident of India. If the applicant is a Resident Not Ordinarily Resident (an Income Tax benchmark for those who have spent several months abroad) banks would look at the status before granting the loan.
● The applicant must not be less than 18. Usually, the cut-off age is 35 years. Those who want to pursue a doctoral degree from abroad after 35 can request special consideration.
● The applicant must currently be a student in India at a college or university recognized by UGC or AICTE and a similar body.
● They should have proof of admission to a foreign university or college. The admission cannot be after the loan has been granted.
● They must have a solid educational background. This is more or less a must have criteria for an education loan.

Education Loan Eligibility Table

Applicant’s Age

Between 18 and 35 years

Nationality and Citizenship

Indian

Age Range

18 to 35 years

Academic Qualification

Secured good score in Grade X and XII and pursuing undergraduate, post graduate or doctoral course

Admission Courses

Bachelor’s, Master’s and Doctoral Courses

Income source

Family

Admission Status

Confirmed admission to a foreign institution

  

What documents are necessary?

A loan is a legal agreement. The bank or lending institution has full right to scrutinize paperwork submitted by the loan applicant and co-signer.

ID Proof

PAN card, Passport, Aadhar Card, Voter ID card, Driver’s License

Age Proof

PAN card, Aadhar Card, Passport, Birth Certificate, Bank Passbook, Driver’s License

Address Proof

Aadhar Card, Voter ID card, Driver’s License, (rent receipt or utility bill in own name is valid address proof but not many 20 year olds have them)

Documents of Co-signer

Form 16, past three years (for salaried co-signer)

 

Salary Slip, past one year (for salaried co-signer)

 

P/L Account, Balance Sheet, past three years (for co-signer owning business)

 

Bank Statement, past three years

 

Income Tax Return, past three years

Documents related to collateral

Title Deed of house, property or document showing ownership of asset.

  
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Do I get the loan before I get admission?

One of those chicken and egg situations. Which comes first?

When you want admission to a foreign university many would like to see proof of funds before they admit you and issue a SEVIS ID (for the USA, other nations have similar documents).

After all, the university would like to be assured that you would show up and pay the required fees. Otherwise, in the middle of the first semester, they would have to hunt for new students.

The bank would want proof of admission before they disburse the fund. They consider it the primary criteria for an education loan.

Quite a Catch-22.

Private players such as Avanse offer a pre-approved higher education loan. HDFC Credila provides educational loans without any proof of admission.

But for the rest, there is no other way.

You could arrange for a private source to temporarily show sufficient balance. Otherwise, it is best to explain the situation to the disbursing officer of the bank. They are no stranger to this question and ask if it can be solved with a Letter of Credit, Bank Guarantee, or an escrow account (account from which you cannot withdraw the amount for private use).

When you take help of FundRight, you don’t have to bother about such niggling details. Our partners understand your dilemma and would sort it out.

Who is a co-signer?

Banks like assured returns. They want loans to be paid off in full.

A co-signer is a co-borrower who is there to make sure the loan is paid back. They sign the loan contract alongside the applicant.

If the bank cannot recover the loan EMI from the applicant they would ask the co-signer to pay. Banks cover their downside and having a co-signer is a necessary criteria for an education loan.

The co-signer has to be an Indian citizen who agrees to repay the loan in full including all levies and penalties.

But there is a catch. Only a family member is accepted as a co-signer. Usually parents, spouses, or parents-in-law. In some cases, banks would allow a sibling (e.g. elder brother) to be a co-signer.

But they do not allow uncles, cousins, or grandparents. Friends are also not allowed to be co-signers.

Note that a parent or anyone else cannot sign on as a co-signer without having the ability to repay.

They have to demonstrate that they have a suitable income stream that is stable and reliable. It is a key factor in education loan eligibility.

Someone who has defaulted on a loan in the past but has a steady income now cannot be a co-signer either since they would have reduced the CIBIL score.

Can a bank provide a loan without a cosigner? It all depends on how they view the situation.

If you are going abroad for a STEM course and have received admission to a top university and the only thing lacking is a co-signer, a bank might overlook that aspect.

Your parents would have to sign on as a co-applicant but not be liable for repayment.

When it comes to education loans much depends on the student, course, the school opted for, and future earning potential. A bank is hardly likely to refuse someone’s loan when they might very well turn out to be a huge customer after six years.

Without worrying so much, why not sign up for FundRight? Our experts would help you get a loan within a week.

Which details do banks scrutinize most?

Banks pay a lot of attention to the following details and decide your education loan eligibility:

The past academic record and future earning potential of the student are paramount. Goes without saying that someone wanting to do a Master’s in Data Science from Purdue University would have an easier time than someone studying Fine Arts at Piedmont University.

Banks like to audit the papers submitted by the co-signer. If the co-signer is a businessperson then the examination is greater. In the eyes of a lending institution, a job is seen as more stable than a business.

Banks also like to know the other outstanding loans of the applicant and co-signer. More loans translates to a greater EMI burden. If someone with an annual income of ₹ 15 lakhs is repaying a car loan and home loan, they would find it difficult to service an educational loan on top.

Do all banks grant a moratorium?

Yes, they do.

Banks realize that it is impossible to pay EMI while studying. That is why there is a moratorium of 1-3 years before you have to start paying the EMI.

In the meantime, the loan goes on collecting interest. Few banks allow the parents to clear the interest component since it can be recovered under Section 80E of the Income Tax Act. It makes sense to pay the interest since 80E can only be applied for 8 years, notwithstanding any moratorium.

How early should I start to look for loans?

Let’s take an example.

Raj Arora wants to study MS in the USA in 2024.

Typically, academic sessions in the US begin in August-September after Labor Day weekend.

He has to appear for the GRE in September 2023. The test results take a month. Then he can look at schools for admission in the 2024-26 session.

He should start to search for loans from January 2024. The first part is research and application.

Raj must receive admission by April and the loan shortly after.

Get attractive loans from FundRight

FundRightis India’s first loan bidding platform.

Why should you run after lenders? Turn the tables. Let them bid on you!

Simple, brilliant, and a market disruptor – that is FundRight in a nutshell.

Get quotes from 30+ lenders with zero hassle.

Sign up, answer a few simple questions about your education loan eligibility and then sit back.

In a week you will have the best offers in your inbox. No running around in the Indian summer or cooling heels in an office.

What’s more, FundRight gives you total data security. No one will hassle you with cross-sell loan offers ever. Your details will stay safe and secure always.

Save time, save interest, and save your breath. Sign up today and get loans on the best possible terms.

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