Top Universities in Canada to Study MBA

By Subhashri Roy Updated On - Sep 07, 2021 05:22 PM

Wish to study MBA in Canada? Here is the list of top universities in Canada where you can pursue MBA program of your choice. Find all about MBA tuition fees in Canada and know how you can apply at the best MBA universities in Canada.

Canada is one of the most sought after countries for higher education among international students. It is due to Canada's immigration-friendly policies that most study abroad aspirants prefer this country for higher studies. According to the QS World University Rankings, seven of the world’s top 150 universities are Canadian. In Canada, there are numerous MBA colleges that offer world-class education, cultural exposure, good living standards, world-class resources to students. Read on to find out more about the best MBA colleges in Canada.

Highlights of an MBA in Canada

To give an overview of doing an MBA from a Canadian university, here are some of the most important highlights of the same:


16 months to 2 years


Full-time, part-time, Executive MBA (EMBA)

Accepted Admission Tests


Top Specialisations

Finance, Operations, Marketing, HR

Top Schools

University of Toronto, McGill University, UBC, York University, University of Western Ontario

Average Tuition Fee

INR 25,000 per year

Average Salary

INR 1,00,000 per year

Minimum Eligibility


Top Recruiters

Deloitte, IBM, Microsoft, SAP, Google, etc.

Also Read: Canada or USA? Which is Better for Pursuing MBA

Why Study MBA in Canada?

With state-of-the-art universities and excellent career prospects, Canada stands at the top of the list of countries offering MBA. There are several top universities in Canada for MBA that offer both full-time and part-time MBA programs. Some of the main reasons why you should choose Canada for MBA are mentioned below:

  • In Canada, you can expect a higher standard of living. It is a country that values diversity, and you can feel at home regardless of your ethnicity.

  • Health insurance is typically provided by the government and they take care of all your health issues. 

  • There is always life beyond the classroom, with lots of events and places to explore in the country.

  • Upon completion of one's MBA under the PGWP (Post-Graduate Work Permit) programme, foreign students are considered eligible to work in Canada. The work experience gained in Canada under the PGWP helps students qualify for permanent residence in Canada.

Want to Apply for an MBA Course in Canada?

List of Top Universities in Canada to Study MBA

Here are the top universities in Canada that MBA aspirants can apply to:

Name of University/School

MBA Programs Offered

Admission Requirements

Tuition Fee

Global Ranking

Rotman School of Management, University of Toronto

  • Full-Time MBA

  • Morning and Evening MBA

  • Executive MBA

  • Global Executive MBA (GEMBA)

  • Joint MBA Programmes

  • Minimum Age- 28

  • Minimum GMAT score- 550 to 780

  • Work Experience- 4.5 Years


CAD 59,450



Desautels Faculty of Management, McGill University


  • Full-Time MBA

  • Part-Time MBA

  • Executive MBA

  • Minimum Age- 28.5

  • Minimum GMAT score- 600 to 780

  • Work Experience- 5 Years


CAD 44,500



Sauder School of Business, University of British Columbia

  • Full-Time MBA

  • Professional MBA

  • International MBA

  • MBA + Law

  • Minimum Age- 29

  • Minimum GMAT score- 55

  • Work Experience- 5 Years

CAD 60,045



Schulich School of Business, York University

  • Full-Time MBA (In 18 Specializations)

  • Part-Time MBA

  • MBA/Juris Doctor

  • Executive MBA

  • MBA/MFA (Combined)

  • MBA/MA (Combined)

  • International MBA (IMBA)

  • Minimum Age- 29

  • Minimum GMAT score- 550 to 760

  • Work Experience- 5 Years

CAD 51,900



Ivey Business School, University of Western Ontario

  • Full-Time MBA

  • Accelerated MBA

  • MBA Direct for HBAs

  • Executive MBA

  • Minimum Age- 28

  • Minimum GMAT score- 662

  • Work Experience- 4.8 Years

CAD 1,06,500



Smith School of Business at Queen's University

  • MBA

  • Executive MBA

  • Accelerated MBA

  • Minimum Age- 28

CAD 85,000



Alberta School of Business, University of Alberta

  • MBA

  • Executive MBA

  • Minimum Age- 28

  • Minimum GMAT score- 630

  • Average GPA- 3.4/4.0

  • l Work Experience- 5 Years

CAD 16,520



HEC Montreal

  • Full-Time MBA

  • Full-Time MBA

  • Executive MBA

  • Minimum Age- 31

  • Minimum GMAT score- 625

  • Work Experience- 7 Years


CAD 34,000 





Top Universities in Canada to Study MBA: In Detail

Take a quick glance at the top Canadian universities in order to understand the reason for their popularity amongst MBA aspirants:

1. Rotman School of Management, University of Toronto

The Rotman School of Management was established in the year 1950 and is located in downtown Toronto, Canada’s commercial and cultural capital. The Joseph L. Rotman School of Management, commonly known as the Rotman School of Management, or simply Rotman, offers numerous management courses at both undergraduate and postgraduate levels. Roger Martin, dean of the college, is regarded as one of the most prominent management thinkers in the world by Business Week. The college aims to become one of the top ten business colleges in the world. Rotman is known for using a cross-functional and integrative approach to create an innovative curriculum.

2. Desautels Faculty of Management, McGill University

Established in 1906, the Desautels Faculty of Management at McGill University is ranked as one of the best international business schools in the world by BusinessWeek, Canadian Business, Forbes and The Economist. The faculty offers various Undergraduate, Master, Executive and PhD level programmes. All programmes offered at Desautels Faculty of Management are based on an interdisciplinary and integrated model that integrates research, practice and teaching.

3. Sauder School of Business, University of British Columbia

The Sauder School of Business, faculty of the University of British Columbia, has a worldwide reputation for excellence in business research and is the leading academic business school in Canada. The campus of Sauder School of Business is located in Vancouver, Canada. UBC Sauder is accredited by AACSB. UBC Sauder ranks 16th in North America for business excellence, which makes it one of the world's best academic institutions.

4. Schulich School of Business, York University

Schulich Business School ranks among the leading business schools in the world. The college is ranked 1 by The Economist, Forbes, CNN Expansion & Corporate Knights in Canada for offering Canada's preeminent MBA programme. The Schulich School of Business is a leader in graduate management education and offers a variety of undergraduate and postgraduate degree programmes which highlight its commitment to developing future business leaders. The campus of Schulich School of Business is located in Toronto, Ontario, Canada.

Also Read: Top 100 MBA Programs With GMAT/GRE Waiver in 2021

5. Ivey Business School, University of Western Ontario

Ivey Business School is one of Canada's most prestigious business colleges. The college was established in 1922. Ivey Business School is one of the first colleges in Canada to establish postgraduate and PhD programmes in the field of business and management. The college is known for its state-of-the-art infrastructure and cross-enterprise learning approach. The school also has an excellent reputation for producing leaders across myriad areas.

6. Smith School of Business at Queen's University

Stephen J.R. Smith School of Business, formerly known as the Queen’s School of Business, is globally known for its creative approach to business education. It is the oldest and most prestigious business B-school in Canada. In addition to its renowned MBA, it also offers several prestigious Undergraduate and Postgraduate programmes. The college uses a creative approach of the team and experiential learning.

7. Alberta School of Business, University of Alberta

The Alberta School of Business, University of Alberta is a research-intensive public-funded institute. It is consistently ranked among the top 50 universities by the Financial Times of London. The MBA programme offered at the Alberta School of Business delivers a personalized and high-quality experience of learning and teamwork. It has, till date, produced four winners of the 3M National Teaching Fellowship, unlike any other Canadian business school.

Also Read: Study in Canada: Timeline for January 2022 Intake

8. HEC Montreal

HEC Montreal is the first business school to be established in Canada. In North America, it is the first institute to hold the top three accreditations including AACSB International, EQUIS and AMBA. The college is renowned for its work in accounting, economics, logistics, IT and operational science. HEC Montreal also boasts of its international environment, with 1/3rd of its students and 40% of faculty from foreign countries and a multilingual approach to business education.

Apart from the above-mentioned prominent eight Canadian universities for MBA, one can also check out other top-ranked B-schools/universities such as the John Molson School of Business, Sobey School of Business, Saint Mary's University, Dalhousie University, Asper School of Business and DeGroote School of Business.

Top MBA Specialisations in Canada

Here are the top Canadian B-schools offering some of the top MBA specialisations, according to QS MBA by Career Specialisation Rankings 2021:


Top 3 B-Schools


Western (Ivey)

Toronto (Rotman)

Queen's (Smith)


Toronto (Rotman)

York (Schulich)

Western (Ivey)

Information Management

UBC (Sauder)

York (Schulich)

HEC Montreal


Toronto (Rotman)
HEC Montreal
UBC (Sauder)

Operations Management

HEC Montreal
York (Schulich)

Saint Mary's (Sobey)

Admission Process for Studying MBA in Canada

MBA aspirants preparing to study in Canada will first have to fulfil certain eligibility criteria, as specified by the university and then move on to the application process. Given below are the eligibility criteria along with the application process to study MBA in Canada:

Eligibility Criteria to Study MBA in Canada

Here are the general eligibility criteria to study MBA at Canadian universities. However, the same must be checked on the university website as they may vary from one university to another.

  • Must have completed a Bachelor’s degree from a recognised university with the required minimum GPA, as specified by the university.

  • Must have relevant work experience of two to three years, if so required by the university.

  • Must have a valid and good GMAT score that meets the university cutoff. Some universities might also accept GRE scores for MBA.

  • Must have taken an applicable English language proficiency test such as the TOEFL, IELTS, PTE Academic or Duolingo English Test.

Application Process to Study MBA in Canada

Here are the steps an international student should follow to apply for an MBA in Canada:

  • Pre-application: Research all B-schools, shortlist universities that meet your requirements and take the GMAT/GRE.

  • Application: Go to the university website or contact us (email address mentioned below) to apply to the universities.

  • Post-application: After you have received your letter of acceptance, apply for your Canadian study permit, education loans and scholarships and finally book your flight tickets.

Documents Required to Study MBA in Canada

For successful application to Canadian B-schools, you must submit the following documents:

  • Academic transcripts

  • Standardised test score reports: GMAT/GRE, TOEFL/IELTS/PTE Academic

  • An updated CV

  • Statement of Purpose (SOP)

  • Valid Canadian Study Permit

  • Letter of recommendations

  • Proof of work experience, if any

  • Financial documents, bank statements, if required.

Average MBA Salary in Canada

To give an overview, the average base salary of an MBA in Canada is CAD 83,000 per year, according to PayScale. Further, the overall job satisfaction at Canadian organisations after having completed an MBA, is rated 4.0 on a scale of 0.0 to 5.0. Given below are some of the top jobs and their corresponding average salaries offered in Canada:

Job Title Average Salary
Project Manager C$84,933
Chief Financial Officer (CFO) C$151,882
Financial Controller C$90,246
Marketing Manager C$74,950
HR Manager C$76,977
Senior Business Analyst C$84,344
Business Development Manager C$73,693
Operations Manager C$81,866

Have Queries Related to MBA Courses in Canada?

You can also write to us at We will further guide you through the admission process.

Written by Rahul Raj

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