More professionals are opting for an MBA-DBA dual degree to boost their career prospects in Canada. In a competitive and rewarding business environment, this unique qualification can drive salary growth and open doors to advanced leadership opportunities. The combination of a DBA and MBA equips professionals with an extensive knowledge base and toolkit for problem-solving, analytical reasoning, and strategic thinking, while establishing them as thought leaders in their respective fields.
Demand for quality business education in Canada is also high, with over 200,000 people enrolled in business and management programs during the 2022-2023 academic year. In this scenario, a dual degree will give you a competitive advantage in your preferred industry. But how much will you earn afterwards? Here is a look at the average dual degree DBA & MBA salary below.
Source: Statistics Canada
Dual DBA & MBA Salary Trends for Graduates in the Canadian Market
Completing your MBA-DBA dual degree will unlock lucrative salaries across sectors. Here is a brief look at what you can expect in this regard.
Average Salary Range
The average salary range is typically between CAD 100,000 and CAD 200,000 or more annually, depending on experience, industry, and the specific job role.
Comparison with Single Degrees
Here is a closer look at how dual degrees match up to their single counterparts in this case.
| Type of Degree | Average Yearly Salary |
| DBA | CAD80,000-150,000 per year |
| MBA | CAD70,000-130,000 per year |
| Dual Degree (DBA + MBA) | CAD100,000-200,000 per year |
Also Read: Understanding The Scope of an MBA: Key Opportunities & Trends
Top-Paying Roles for Dual Degree Holders
Here are several top-paying roles that you can apply for after completing your MBA DBA dual degree online.
- Project Manager (IT)- CAD62,000 -125,000 per year
- Vice President, Finance- CAD98,000 – 159,000 per year
- Project Manager (General)- CAD56,000 -103,000 per year
- Regional Sales Manager- CAD72,000 -136,000 per year
Entry-Level vs. Experienced Professionals
Salaries evolve and increase as you graduate from entry-level positions to senior ones. Let us take a look at it below.
- Median starting salary- CAD62,291 per year
- Median average salary with experience- CAD80,000 per year
- Median average salary for experienced professionals- CAD136,369 per year and upwards
Key Factors Influencing Salaries for Dual Degree Graduates
Several factors influence the average dual degree DBA & MBA salary, including:
- Specialization- Your specialization within the program directly influences your earning potential. Areas like finance, healthcare management, and technology are often more lucrative these days.
- Industry- Some industries offer higher salaries to dual degree holders, including consulting, finance, and technology.
- Location- Your location can directly impact your earnings. Local demand for skilled talent and living costs are two vital factors influencing salary offers.
- Educational Institution- Attending a reputed institution with an accredited degree often matters in this regard. At the same time, the curriculum, faculty, and research components also come into play.
- Work experience- If you are a dual-degree holder with several years of professional experience, expect to earn more than your entry-level peers.
Elevate Your Salary with upGrad’s Dual Degree DBA & MBA Programs
If you’re looking for the right MBA DBA dual degree to pursue online with complete flexibility, upGrad is an ideal partner to support your journey.
- It offers several innovative programs to boost your earning potential and advance your career in a competitive market.
- From tie-ups with top universities to extensive career support, upGrad walks the extra mile to help you transform into a global-ready business professional.
- You can expect 100% US credits with dual degree options, invaluable learning material, and accredited courses.
- upGrad dual degree programs are tailored for professionals and combine the broader skill sets of MBAs with the expertise developed by DBAs.
FAQs on Salary Expectations for Dual Degree DBA & MBA Graduates in Canada
Q: Can I pursue a dual degree program online?
Ans: Yes, you can pursue a dual degree program online. Many institutions offer flexible MBA-DBA dual degrees designed for working professionals seeking career advancement through remote learning.
Q: Which industries pay the highest salaries for DBA & MBA graduates?
Ans: Some industries, such as finance, technology, and healthcare, offer the highest salaries to DBA and MBA graduates.
Q: Is a dual degree better than pursuing an MBA and a DBA separately?
Ans: Pursuing a dual degree is preferable to separately pursuing DBA and MBA courses, as it offers a more intensive yet flexible learning option, along with advanced career prospects.
Q: Who should consider pursuing a dual MBA & DBA degree?
Ans: You should consider pursuing a dual MBA & DBA degree if you are a working professional or executive wishing to advance your career in your chosen field.
Q: How long does it take to complete an MBA and DBA dual degree?
Ans: An online MBA-DBA dual degree typically takes 4 to 6 years to complete, depending on the program structure, your pace of study, and any prior academic or professional credits. You can complete an MBA-DBA dual degree from Edgewood College in just 30 months.
