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Among students who are avidly looking for pursuing their higher education, Canada is the most sought-after country because of its amiable policies in terms of immigration and vast space for postgraduate courses. MBA colleges in Canada are the leading choice for applicants looking out for courses in the business landscape. These business schools offer world-class facilities and teaching practices for students. In this blog, you will come to know the topmost universities in Canada for an MBA.
| Total number of MBA Colleges in Canada | Approximately 40+ MBA colleges |
| MBA cost in Canada | INR 26 lakhs (approx.) |
| Top Specialisations | General Management, International Business, Business (others), Finance, Entrepreneurship, Supply Chain, Economics |
| Exams required | GMAT, GRE, IELTS, TOEFL |
Types of MBA in Canada
There are presently several specialities for the Master of Business Administration. Courses may generally be chosen based on a few key considerations, such as the subject matter and length of the course. Generally speaking, the length of the course allows for a broad classification of MBA programs in Canada. You’ll have a clearer notion while choosing the appropriate course.
- Full-Time MBA A full-time MBA in Canada will be appropriate for you if you wish to enter the workforce as a leader. Take advantage of this fantastic chance to learn about the diversity of the Canadian workforce. Students may follow the course full-time because it lasts for two years. To get admitted, international students must have acceptable GMAT and language competence exam results.
- Part-time MBA in Canada – Excellent chance for those who wish to get their management degree while working. Depending on the university you choose, this degree’s study length might be three to six years.
- Executive MBA in Canada – For executives and future managers seeking (senior)managerial-level experience, this curriculum is best suited. It will take 20 to 28 months to complete.
Must Read: Types of MBA in Canada
Why Choose Canada for your MBA?
The following are the benefits of doing your MBA in Canada:
- Canada is a reasonable choice for earning your MBA abroad.
- After receiving their degree, students have the option of continuing to live and work in Canada.
- You may apply for and be granted permanent residency in Canada if you properly follow the immigration processes.
- In comparison to other Western nations, Canada makes it simpler to get citizenship and permanent residency.
Must Read: MBA in Canada Without GMAT
MBA Colleges in Canada
Here are some of the most popular and competitive MBA colleges in Canada to study management, business and finance courses:
| University | QS Global MBA Rankings Canada 2023 |
|---|---|
| Toronto (Rotman) | 1 |
| Western (Ivey) | 2 |
| McGill (Desautels) | 3 |
| Queen’s (Smith) | 4 |
| York (Schulich) | 5 |
| UBC (Sauder) | 6 |
| Alberta School of Business | 7 |
| Concordia (John Molson) | 8 |
| HEC Montréal | 9 |
| Dalhousie (Rowe) | 10 |
Popular Universities in Canada for MBA
Enlisted below are the details of universities in Canada for MBA that can help you build an excellent career:
University of Western Ontario
Ivey School of Business of the University of Western Ontario came into existence in the year 1922. It is one of the leading universities in Canada that offers MBA and PhD courses. It was placed at the 60th position in the Global MBA ranking and 56th in Bloomberg Businessweek World Rankings. Offered courses are as follows:
- Honours in Business Administration
- Executive MBA
- Master in Business Administration
- Accelerated Master in Business Administration
Ivey’s one-year program is going to start in March 2020. The deadline for submission of the application is 06th January 2023. Whereas the deadline for submission of the Accelerated MBA is the 13th of January, 2023 and in January itself, the program shall start.
Schulich School of Business- York University
Established in 1966, York University is recognised for its global reach and exceptional programs. The MBA courses offered by the Schulich School of Business are a perfect blend of the classroom as well as real experiences. Working in consultancy programs with business organisations is an active part of the MBA course. It is one of the top universities in Canada for an MBA with an 8% acceptance rate. Popular MBA courses are as follows:
- MSc in Business Analysis
- Masters in Business Administration ‘
- Integrated master in business administration.
- Master of Finance
- PhD in Business Administration
- Financial Engineering
- Master of Public Administration.
- Bachelor of Business Administration
- Executive educational programs
Rotman School of Management – University of Toronto
Since 1902, the University of Toronto offers a range of courses in Business Administration. It is one of the leading centres of Management studies in the country. With its unique curriculum of education and advanced pedagogy skills, it is the choicest one among the universities in Canada for MBA. The courses offered by the institutes are as follows:
- Master in Business Administration
- Omnium Global Executive Masters in Business Administration
- Master of Financial Economics
- PhD in Business Administration
Also read: MBA Courses
McGill University
Established in the year 1906, McGill University is considered one of the most reputed and dynamic universities in Canada for an MBA. The university has spacious research centres for undergraduate, executive, masters and PhD students. The management in the university ensures that students take place in practical work and attend workshops. It is pertinent to mention that the university has six Noble Prize winners under its belt. Some of the main courses offered at the university are:
- B.com
- International Management
- Honours in Investment Management Program
- Public Accountancy
- International Masters in Practising Management
- PhD
Queen’s School of Business – Queen’s University
Queen’s University has one of the oldest Management departments in the country which provides excellent exposure to MBA prospective students. The university facilitates real word experiences at multinational companies through internship programs. The courses offered by the university are as follows:
- Bachelor in Commerce
- Master of Management Analytics
- Master of Science in Management
- Master of International Business
- PhD
Sauder School of Business
Established in the year 1956, this Business school is considered one of the dynamic providers of MBA courses. The teaching process in the university is equally praised worthy. The courses offered at the Sauder School of Business are as follows:
- Master of Management
- Master of Management in Operations Research
- Bachelor of Commerce
- MSc in Business Administration
- PhD in Business Administration
- International Masters in Business Administration
Also Read: MBA Career Options
MBA Colleges in Canada without Work Experience
- Thompson Rivers University
- New York Institute of Technology, Vancouver
- Cape Breton University
- Brock University
- Dalhousie University
- Vancouver Island University
Popular MBA Specialisations
- Marketing
- International Management
- International Business
- Finance Leadership
- Consulting
- Information Technology
- Data Science
- Entrepreneurship
- Strategy
- Design
Cheapest Universities for MBA in Canada
- Memorial University of Newfoundland
- University of Northern British Columbia
- University of Ottawa
- University of Waterloo
- University of Manitoba
- Université de Moncton
- Université de Sherbrooke
- Université Laval
- HEC Montréal
- Concordia University
- Saint Mary’s University
- Carleton University
- University of Saskatchewan
Popular Part-Time MBA Programmes in Top B-Schools in Canada
| Programme Name | Tuition fee | Course duration |
| University of Alberta – Executive MBA | $51,020 | 6 years maximum |
| York University – Schulich International MBA | $99,400 | 20 months |
| Rotman School of Management – Morning and Evening MBA | $109,970 | 32 months |
| Queen’s University – Accelerated MBA for Business Graduates | $81,000 | 12 months (1 year) |
Must Read: 1 Year MBA in Canada
Eligibility for MBA in Canada
- The applicant must have completed their bachelor’s degree from a recognized academic institution with the minimum marks required by the chosen university.
- An average work experience of about 2-3 years (might not be required by some universities)
- A valid GMAT or GRE score is also required along with English language proficiency scores such as IELTS/TOEFL, etc.
- Statement of Purpose (SOP)
- Letters of Recommendation (LORs)
Must Read: Eligibility for MBA in Canada
Duration of an MBA in Canada
In Canada, earning an MBA takes one to two years of study. However, several universities offer expedited MBAs that last for less than a year. For instance, Ivey Business School has an expedited MBA programme lasting eight to twelve months
Cost of Studying MBA in Canada
A Canadian MBA might cost anything between CAD 22,000 to CAD 120,000. For an Indian student to complete an MBA in Canada, this amounts to between 12 and 68 lacs. Only the tuition charge is included in the pricing given. You also need to be conscious of other expenses like books, suppliers, and living expenses.
Must Read: Cost of MBA in Canada for Indian Students
Scholarships for MBA in Canada
Some international students seek financial support to meet this budgetary criterion. MBA scholarships in Canada typically range between 10,000 and 20,000 CAD (5.94 to 11.88 lakh INR) to pay tuition costs. Some of the most popular scholarships for Indian students to study MBA in Canada are listed below:
| MBA Scholarships in Canada | Benefits |
|---|---|
| Women in Business Excellence Award | Up to 10,000 CAD |
| Sauder School of Business Entrance Scholarship | CAD 10,000 to CAD 15,000 |
| Hari Varshney MBA Entrance Scholarship | Up to 50% of tuition fees |
| Madhu Varshney MBA Entrance Scholarship | Up to 50% of tuition fees |
| Concordia Merit Scholarship | 10,000 |
| MBA Admission Awards | 2,500-30,000 CAD |
| Ontario Graduate Scholarship Program | 5,000 per term up to a maximum of CAD 15,000 per academic year. |
| Rotman School of Management Scholarships | Five Women in Business Excellence Awards of CAD10,000 Two Morning MBA Excellence Awards of CAD20,000 |
| Alberta MBA Scholarships | CAD 10,000 |
| Schulich School of Business Scholarships | CAD 20,000 to CAD 33,000 |
| Ivey MBA Scholarships | Amounts ranging from $10,000 to half tuition |
| Haskayne School of Business MBA Entrance Scholarships | CAD 5,750 per year or CAD 11,500 for two years |
Must Read: MBA Scholarships in Canada
MBA in Canada: Jobs and Salaries
In this section, we will discuss the top MBA universities in Canada, their first-year tuition fees, and the average salary graduates may anticipate.
| College Name | First-Year Tuition Fee | Average Salaries (Source – emolument) |
|---|---|---|
| McGill University | INR46.8 lakhs | $117,000 |
| University of Toronto | INR 39.42 lakhs | $96,000 |
| McMaster University | INR 23.7 lakhs | $110,000 |
| University of Windsor | INR 30.0 lakhs | $93,000 |
| The University of British Columbia | INR 49.1 lakhs | $83,000 |
Top Recruiters
Canada is home to some of the world’s largest multinational corporations, and as an immigrant-friendly country, it is one of the finest places to work after completing an MBA in Canada. Some of the top MBA recruiters in Canada are listed here.
- American Express
- Hyundai
- Capital One
- Citigroup
- IBM
- TATA
- Deloitte
- Procter Gamble
- Ernst & Young
- PWC
- Goldman Sachs
- Aditya Birla Group
- Amazon
- Accenture
- McKinsey
- Apple
- Toyota
- Nestle
Must Read: MBA Jobs in Canada
Student Life in Canada
Canada invests a huge amount of money in education and its facilities. This makes the country among the most caught-after study abroad destinations. Let’s briefly go through the dynamic student life in Canada.
- Canada is known to have a multicultural environment that gives students a global perspective and also helps them build a stronger network.
- The country is also known for welcoming the majority of immigrants which contributes to the progressive nature of the people.
- Students can explore endless leisure activities in Canada. Being home to many world heritage sites and lively festivals, students can engage in various activities.
- Canada is also known to have the lowest crime rates in the world. Canadians experience fewer violent crimes, and fewer breaks and police officers follow strict ethics which makes it safe for students.
FAQs
Ans. The typical tuition rate for an MBA in Canada runs between $30,000 and $40,000 per year, making it more inexpensive than in other study-abroad nations. An MBA degree typically takes two years to complete.
Ans. MBA programmes are highly sought after all throughout the world, especially in Canada. International students are drawn to an MBA because of the career chances following graduation in Canada, which serve as a stepping stone to executive-level roles.
Ans. A bachelor’s degree from a reputable university or educational institution is required. Score on the Graduate Management Admissions Test (GMAT). Previous relevant job experience is required. IELTS or TOEFL are examples of English language competency tests.
If you are someone looking for universities in Canada for MBA shortly, contact Leverage Edu, we will help you file a perfect application within the admission deadlines. Do not miss the chance of studying at your dream university, book your 30-minute counselling session with us!
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