MBA in Canada - Top Universities, Fees, Intake, Eligibility & Scholarship

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On par with engineering programmes, international students often choose to pursue MBA programmes across different countries. Among the top study abroad destinations, international students choose to study MBA in Canada across a multitude of specialisations.

Pursuing MBA in Canada has been the go-to option for many Indian students due to the increasing career opportunities in the country. International students can choose to pursue their MBA in Canada across nearly 50 different universities and colleges.

MBA colleges in Canada accept international students with an average GMAT score ranging from 500-750. With a relatively good acceptance rate, high standard of living, impeccable quality of education at affordable costs and beautiful sceneries, studying MBA in Canada is one of the best options available for aspirants.

Quick Glance: MBA in Canada

Check out our table highlighting the important details about studying MBA in Canada:

Components

Details

Top MBA Colleges in Canada

University of Toronto, Ivey Business School, University of British Columbia, Schulich School of Business at York University, Simon Fraser University

Total Cost of Studying

CAD 45,000-135,000

Top MBA Courses in Canada

One-year MBA, Executive MBA, Global MBA, International MBA, JD/MBA

Popular Exams

Entrance Exams: GMAT or GRE

English Proficiency Test: IELTS Aacademic or TOEFL

Eligibility and Requirements

Valid bachelor’s degree

2-Year professional experience

GMAT or GRE exam scores

English proficiency scores

SOP and LORs

Salaries

CAD 70,000-100,000

Top Recruiters

Amazon, Accenture, Deloitte, Google, Facebook, RBC Royal Bank, KPMG, Kraft Heinz, EY, Federal and Provincial Governments, Mckinsey Consulting

Top MBA Specialisations in Canada

When choosing to pursue a graduate management degree in Canada, international students will het to choose from a list of MBA specialisations in Canada. Moreover, there are several different types of MBA courses in Canada that you may need to choose from as well. Check out the following list of MBA specialisations in Canada for international students:

MBA Specialisations in Canada

Supply Chain Management

Operations Management

Business Analytics and Big Data

Marketing

Entrepreneurship

Law

Healthcare Management

Agribusiness

Insurance or Risk Management

Finance

Register with us to find out if your dream MBA specialisation is available in Canada with the help of our team of study abroad counsellors now!

MBA Colleges Offering Different Types of Courses

Given below are the top MBA specialisations in Canada chosen by both international and domestic students alike:

University Name

Types of MBA Courses Offered

University of Toronto

Full-time MBA, Morning/Evening MBA, Global Executive MBA, One-Year Executive MBA

Ivey Business School

One-year MBA, Combined JD/MBA

McGill University

Full-time MBA, EMBA, MBA/Law

University of British Columbia

MBA, Professional MBA, International MBA

Schulich School of Business at York University

MBA, MBA/JD, MBA/MFA/MA, Executive MBA, MBA in India

Top 10 MBA Colleges in Canada

Here is our list of the top MBA colleges in Canada you should apply to according to QS and Times Higher Education rankings:

Rankings

QS MBA Rankings Canada 2022

THE Canada Business Rank 2022

1

Rotman School of Management at the University of Toronto

University of Toronto

2

Smith MBA at Queen’s University

University of British Columbia

3

Ivey Business School

McGill University

4

McGill University

University of Montreal

5

Schulich School of Business at York University

University of Alberta

6

Sauder School of Business at the University of British Columbia

Western University

7

Alberta Business School

York University

8

John Molson School of Business at Concordia University

Simon Fraser University

9

HEC Montreal

McMaster University

10

Dalhousie University

University of Waterloo

Note: The university rankings mentioned in the table above are subject to change according to the latest ranking lists. If you are interested in pursuing MBA in Canada at any one of these universities, then register and connect with us and get expert guidance to study abroad.

Cost of MBA in Canada

With studying MBA in Canada, there comes an additional element of the cost of studying. Fortunately, education in Canada is comparatively cheaper than its southern counterpart, with the average annual fees for MBA in Canada ranging anywhere between CAD 30,000 and CAD 40,000. However, the actual annual tuition fees of MBA courses may range from CAD 16,000-70,000. This cost is separate from the additional costs of studying MBA in Canada for international students which include accommodation and daily expenses.

Average Tuition Fees for MBA in Canada

If you have decided to pursue an MBA in Canada, then you will be required to pay an international student fee, charged by Canadian universities. Check out the table below for the average tuition fees for MBA in Canada:

University Name

Total MBA Tuition Fees (in CAD)

Rotman School of Management at the University of Toronto

127,929

Smith MBA at Queen’s University

153,173

University of British Columbia

90,056

Ivey Business School

123,500

McGill University

99,500

Pre-arrival Expenses for MBA in Canada

Here are some costs that you will also be required to pay in addition to paying the tuition fees. However, the expenses listed below are the Pre-arrival expenses for MBA in Canada:

Category

Expenses (in CAD)

Canada Student Visa Fees

150

Canada GIC Account

10,000

When applying for a study permit in Canada, there may be additional charges that may be applicable to you as a prospective applicant.

Cost of Living for MBA in Canada

One of the important aspects of studying abroad is paying for the daily costs of living and studying abroad. Check out the table below for the costs of living while studying MBA in Canada:

Category

Monthly Expenses (in CAD)

Rent

400-8,000 (variable depending on choice of accommodation)

Food and Drinks

200-400

Travel

80-120

Health Insurance

Depends on provider

Miscellaneous

500-1000

Eligibility Criteria for MBA in Canada

If you have chosen to study MBA in Canada, then it is necessary to ensure you meet the necessary eligibility criteria for the course. Most universities and colleges offering the course would define their eligibility criteria specifically for their courses. The general eligibility for MBA in Canada is as follows:

  • Students must have a bachelor’s degree in any field from a recognised university, college or higher education institution.

  • They must have a valid GMAT score, preferably ranging between 500-750.

  • Relevant professional or work experience, preferably a 2-year work experience in the field they have enrolled in.

  • Applicants must also present a valid English proficiency test score, such as IELTS Academic, TOEFL, PTE Academic, etc.

  • They will also need to submit a Statement of Purpose (SOP) along with their MBA application in Canada, as specified by the university they are applying to.

  • Additionally, two letters of recommendation, preferably written by immediate supervisors at the previous place of employment should also be submitted with the application form.

  • Most MBA colleges in Canada will specify the admission process for their MBA programmes, therefore, follow the guidelines as outlined by your desired university.

Note: It is important to check the individual admission requirements for MBA in Canada, as each university seeks to enrol the best students. It is advisable to jot down the individual admission requirements and the MBA application separately.

Admission Process for MBA in Canada

Those planning to get their MBA in Canada will have to abide by the admission processes for the course. While each university will define the MBA admission process in Canada individually, targeting different student groups, listed below are some of the general admission processes commonly followed across universities in Canada.

  • Visit the official website of your desired university and check out the admission requirements and processes involved for international students.

  • Each university will define unique admission requirements and processes, therefore, check each university individually before sending in your applications.

  • Most universities will require you to fill out an MBA application form and submit the necessary documents, including English test scores, standardised qualifying exam scores, academic transcripts, LORs, and SOPs or MBA essays and any other documents listed by the university.

  • Some universities may require applicants to also participate in an interview process, and subsequently be enrolled in the programme.

  • Part of the application process for an MBA in Canada is also paying the application fee.

Note: It is crucial for applicants to check the individual admission requirements of each university before applying since the requirements will differ, not only between universities but also between courses.

Documents Required for an MBA in Canada

While applying for the graduate management courses in the country, international students will be required to submit the following list of documents required for an MBA in Canada:

  • Valid and recognised bachelor’s degree from any academic background

  • Letters of recommendation as highlighted by the university. Some universities may require applicants to submit more than one LOR.

  • Statements of Purpose or essays on different topics that have been outlined by the university. The essay topics will inevitably be different between various universities and courses.

  • Valid IELTS Academic or TOEFL scorecard

  • Valid GRE or GMAT scorecard

  • Applicants must check out the individual admission requirements defined by the MBA college in Canada that you have chosen for your higher studies to know about any additional documents that you may be asked to provide.

Register and connect with highly experienced study abroad counsellors and get admitted to your dream MBA college in Canada now!

MBA Scholarships in Canada

In a bid to attract more international students to professional and technical courses, many universities and government bodies in the country have been working hard at introducing financial aid and scholarships for international students. Additionally, there are a number of MBA scholarships in Canada for international students that cover a range of tuition expenses, allowing all students to pursue an MBA in Canada.

Here are some of the MBA scholarships in Canada that international students can apply to:

  • MBA Entrance Scholarships at Haskayne School of Business

  • MBA Scholarships in Canada by Ivey Business School

  • University of Alberta’s MBA Scholarships

  • Global Business Leader of Tomorrow Scholarship at Sauder School of Business

  • MBA Scholarships offered by Rotman School of Business

Note: Many universities in Canada offering MBA courses also offer a number of scholarships for international students. Register and connect with us to find out the MBA scholarships in Canada you can apply to.

Salaries After MBA in Canada

Check out the table below to see the salaries that international students commonly receive after completing an MBA in Canada. You can also check out the different fees at these universities as well:

Name of University

Average Salaries (in CAD)

Total MBA Tuition Fee (in CAD)

University of Toronto

96,000

133,740

Ivey Business School

91,000

123,500

Smith MBA at Queen’s University

90,000

104,100

Simon Fraser University

78,000

58,058

John Molson School of Business at Concordia University

83,000

47,000

Schulich School of Business at York University

80,000

112,250

Note: The average salaries for MBA in Canada listed in the table have been referenced from emolument’s survey of the average salaries for Canadian alumni and graduates. Additionally, the tuition fees mentioned are subject to change at the discretion of the university and are not inclusive of any additional fees and costs associated with studying MBA in Canada.

Job Opportunities After MBA in Canada

Being one of the top countries for international students looking to settle down after completing their studies abroad, there are several notable companies including many multinational organisations with several vacant positions waiting to be filled out by potential graduates of MBA in Canada.

Check out the table below outlining the top recruiters for MBA in Canada across different universities:

University Name

Top Recruiters

University of Toronto

Amazon, Accenture, Deloitte, eBay, Facebook, Fidelity, Google, Goldman Sachs, HSBC, IBM, Johnson and Johnson, KPMG, Microsoft, Nestle Canada, and many more.

University of British Columbia

Deloitte, General Electric, Nestle, Labatt, SAP, Telus, Royal Bank of Canada, P&G, Amazon, Best Buy, Mckinsey Consulting, Shopify, RBC Commercial Banking

Ivey Business School

Accenture, Deloitte, KPMG, Mckinsey & Company, Apollo Health and Beauty Care, Johnson & Johnson, Kraft Heinz Inc, American Express Canada, Barclay’s Capital Canada, etc.

University of Alberta

RBC Royal Bank, Stem Cell, Amazon, Government of Alberta and Canada, Deloitte, KPMG, AIMCo, Syncrude Canada, TELUS, WestJet, etc.

Schulich School of Business at York University

Accenture, Amazon, Ernst & Young Global Limited, HCL Honda Canada, Johnson and Johnson, KPMG, Kraft Heinz, Labatt Brewing Company, Mercedes Benz Canada, RBC Capital Markets, etc.

HEC Montreal

CGI, Mckinsey, Morgan Stanley, KPMG, L’Oreal, Deloitte, EY, National Bank, Novisto, Rogers Communication, Rio Tinto, Coveo, Chappuis Halder, etc.

McGill University

Amazon, Christian Dior, Deloitte, Facebook, Google, KPMG, Mckinsey & Company, Novo Nordisk, DHL Supply Chain, Colgate-Palmolive, Royal Bank of Canada, EY, etc.

Simon Fraser University

TELUS, PWC, HSBC, Bellrock, ICBC, Pacific BlueCross, Ledcor Group, Provincial Health Services Authority, BMO Financial Group, Royal Bank of Canada, etc.

Work Permit and Stay Back Period after MBA in Canada

One of the benefits of choosing to study MBA in Canada is that all international students are allowed to work while studying in the country. However, while most international students are allowed to work while studying MBA in Canada, it is still important to check whether you are eligible to work off-campus.

To be eligible to work off-campus while studying MBA in Canada, you must:

  • Be a full-time student at a designated learning institution (DLI) in Canada.

  • Be enrolled in a post-secondary academic, vocational or professional training programme.

  • Be enrolled in a programme that lasts longer than 6 months and leads to a degree, diploma or certificate.

  • Be in possession of a Social Insurance Number (SIN) and have started studying your MBA course in Canada.

Note: International students studying part-time in Canada are also allowed to work while studying MBA in Canada, provided they have been studying full-time up until their last semester and their last semester does not require a full course load to complete the programme.

MBA in Canada FAQs

Q. What are the top MBA colleges in Canada?

A. There are nearly 50 universities that offer MBA in Canada, of which some are highly renowned around the world. Some of the top MBA colleges in Canada include the University of Toronto, Ivey Business School, the University of British Columbia, McGill University, Schulich School of Business and Simon Fraser University among many more.

Q. Is it worth to study MBA in Canada?

A. Yes, among the top countries to study abroad, Canada is one of the top destinations for those aspiring to pursue their MBA education. By offering state of the art infrastructure and immense career and residency opportunities, studying an MBA in Canada is one of the better options for those looking to build their careers and lead a lucrative lifestyle.

Q. What is the eligibility for MBA in Canada?

A. To study MBA in Canada, all international students must first ensure that they meet the necessary eligibility criteria for MBA in Canada. While each university and college offering an MBA in Canada will specify their admission requirements, the general eligibility for MBA in Canada requires candidates to have a valid Bachelor’s degree, GMAT/GRE score with an IELTS/TOEFL score.

Q. Can I work after studying MBA in Canada?

A. Yes, all international students can work after studying MBA in Canada for a period of 3 years. However, the duration of your course will dictate the length of your PGWP, i.e. courses lasting 8 to less than 2 years, will qualify international students for PGWP valid for the same duration as their course, while courses lasting over 2 years will qualify them for PGWP valid for 3 years.

Q. Is MBA in Canada free of cost?

A. No, international students interested in studying MBA in Canada must pay an average tuition fee ranging from CAD 40,000 to 60,000 annually. However, if you are interested in pursuing an MBA in Canada, then it is recommended to apply to universities offering MBA scholarships in Canada for international students. These MBA scholarships in Canada for international students are designed to reduce the financial commitment to studying abroad.

Q. How much do MBA graduates in Canada earn?

A. On average, after earning an MBA in Canada, graduates can earn anywhere between CAD 60,000 to 100,000 per year. Depending on the MBA course and university you choose to study, your salary after an MBA in Canada will be lucrative as Canadian degrees are renowned and sought after domestically and internationally.

Q. Who are the top recruiters for MBA in Canada?

A. There are several thousand multinational companies and local organisations that are actively looking for MBA graduates. After an MBA in Canada, international students can find employment in companies like Amazon, Accenture, Deloitte, Facebook, KPMG, Kraft Heinz, Royal Bank of Canada, Labatt Brewing Company, EY and Morgan Stanley along with several federal and provincial government departments.

Q. Do I need GMAT for MBA in Canada?

A. Admissions to MBA in Canada are usually done with the help of entrance test scores such as GMAT exams. However, MBA colleges in Canada also accept GRE exam scores for the purpose of admissions to the graduate management programmes. Therefore, if you are planning to study MBA in Canada, then check the individual admission requirements at your preferred Canadian university.

Q. What are the top MBA courses in Canada for international students?

A. Canadian institutions offer a number of MBA courses for international students, ranging from a one-year programme to Global executive programmes. Some of the top courses include One-Year MBA, Executive MBA, Global Executive MBA and International MBA programmes offered by universities such as the University of Toronto, Ivey Business School, the University of British Colombia and Schulich School of Business at York University, etc.

Q. Can international students apply for MBA scholarships in Canada?

A. Yes, all international students applying for an MBA in Canada are eligible for MBA scholarships in Canada, offered by the federal and provincial governments, universities and private organisations. International students will be able to apply for merit-based and need-based scholarships, therefore, before applying to any university abroad, international students must check the eligibility criteria for MBA scholarships in Canada.

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