Master of Business, Entrepreneurship, and Technology (MBET)

Businesses are transforming in today’s age of entrepreneurship. Be it a small online shop or a multi-million dollar startup, the way businesses function has been transformed by the use of technology. To excel in such an environment, having a simple business degree may not be enough. In such a scenario, the need arises for courses that encompass all of these domains. Master of Business, Entrepreneurship and Technology (MBET) is one such academic program that enables ambitious, creative and business-minded students who are passionate about bringing a change in the business world through entrepreneurship. In this blog, we delve into all of the aspects of this course, taking a look at the syllabus, admission process and scope.

MBET	Master of Business, Entrepreneurship and Technology
Study Level	Masters
Started in	January 2000
Duration	Full-time: 1 Year, Part-Time: 3 years
Offered by	Conrad School of Entrepreneurship and Business, University of Waterloo
Location	Ontario, Canada

Why study MBET?

• It is an entrepreneurship masters program that teaches all academic disciplines including engineering, business, computer science, math, science, and arts. It allows students to gain knowledge of varied disciplines.
• MBET does not require a GMAT or GRE test score.
• Provides students with more practical experience which does not involve any hypothetical projects but real companies, real projects and people.
• Best course for business-minded students who want to build opportunities for themselves.

University Offering MBET

The MBET program was designed by the Conrad School of Entrepreneurship and Business which is a part of the Faculty of Engineering at the University of Waterloo.

University Name	University of Waterloo
Offered by	Conrad School of Entrepreneurship and Business
Established	2002
Founder	Dr. Howard Armitage
No. of Faculty	21

Rankings

The University of Waterloo is one of the top universities in Canada. Below mentioned are the rankings achieved by the University of Waterloo:

QS World Rankings 2022	#149
Times Higher Education 2022	#201-250
CWUR 2021-2022	#200

MBET Application Date

The application deadline for the MBET course is April 1 for admissions in the September intake of the same year for international students.

Eligibility Criteria

1. Completion of at minimum a 4-year Bachelor degree or, completion of both a Bachelor degree (less than 4 years in length) and a Master degree with First Class, 8/10 or Very Good.
2. A minimum of one-year full-time work experience, obtained either through co-operative work terms as part of an undergraduate academic program or through post-graduate work experience.

English Language Proficiency

Test	Requirements
IELTS	Overall: 7.0; Writing: 6.5; Speaking: 6.5
TOEFL (iBT)	Overall: 90; Writing: 25; Speaking: 25

Application Process

1. Prepare your documents.
2. Complete Graduate Studies Application.
3. Access Quest and upload supporting documents.
4. Qualified applicants who meet or exceed all the admissions requirements will be invited to participate in a video interview.

Documents Required

1. Digital copies of your transcript and degree certificate documents for all formal, post-secondary education
2. Resume
3. Reference information – name, title/position and official email address
4. English Language Proficiency (ELP) testing scores (if required)
5. Drafted 500-word Letter of Intent
6. Permanent Residency (PR) card or record of landing (if required)

Also Read: Difference Between CV and Resume

Cost of Study for MBET

The tuition for the course is as follows.

Course	Total Tuition Fees (CAD)	Amount in INR
MBET (Part-Time)	20,538	12.10 Lakhs
MBET (Full Time)	61,614	36.31 Lakhs

Cost of Living in Canada

Depending on the lifestyle and daily expenses, your average cost of living in Canada for the duration of this course should be approximately CAD 20,000-30,000 (~INR 11 Lakh-15 Lakh).

Use Our Exclusive Cost of Living Calculator to calculate your customized living expenses in Canada!

Scholarships

Conrad Family MBET Scholarships

Conrad Family MBET Scholarships are provided to students annually who are registered full time in the MBET Course. Exceptional International Students may be given preference. Each award is valued at between CAD 5,000 – 20,000.

Eligibility Requirements

• He/She must be a full-time MBET student in the Conrad School of Entrepreneurship. 
• Exceptional international students who have the X factor in them are generally preferred.
• Those students who are admitted to the MBET program are asked to apply for the scholarship by submitting a mini business plan along with the presentation.
• The selection will be based on the assessment of entrepreneurship orientation and the quality of the business plan submitted by the student. Also, the student’s academic achievement will be considered by a panel of the faculty.
• The Selection will be made in the spring term for the following academic year.

Norman Esch Entrepreneurship Scholarship

Norman Esch Entrepreneurship Scholarship is awarded to students based on the submission of a mini business plan. The plan is reviewed by Conrad faculty members. The successful candidates receive a $10,000 scholarship.

Apply for LeverageEdu Scholarship and win up to Rs. 5 Lakh for your study abroad dreams.

Related Courses

1. Graduate-level Business and Entrepreneurship (BE) courses
2. Graduate Diploma in Business and Entrepreneurship (G.Dip.)

MBET vs MBA

MBA is a 2-year masters program for students who want to pursue business studies and join the corporate world. It focuses on wide-ranging theories of business subjects with a focus on their administrative, management, human resource and operational aspects. While MBET is specially designed for students who are ambitious about starting their career as entrepreneurs. The duration of the course is 1-3 years, full time and part-time respectively. It focuses more on business subjects like Leadership, Marketing, Finance, Accounting, and Strategy.

Also Read: One Year vs Two Year MBA: Which is Better?

FAQs

Hence, if you have decided to study MBET in Canada then the career prospects are immense. If you are getting confused with the admission process. Take the assistance of experts at Leverage Edu who will help you in completing the application formalities with ease!