Top Universities in Canada for MBA

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Universities in Canada for MBA

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

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: 

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: 

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

Cheapest Universities for MBA 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

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.

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

Q1. How much does MBA in Canada cost?

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.

Q2. Is it worth going to Canada for MBA?

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.

Q3. What is the eligibility for MBA in Canada?

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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