MBA is one of the most popular postgraduate programmes opted by students of India to get better exposure, explore more opportunities, drive their career path or to become a successful entrepreneur.
While there are many top-ranked B-schools in India, many Indian students do not get the opportunity to enrol in them because of various factors including competition, lack of seats and large number of students applying for admission. Having said that, getting an MBA from foreign universities plays a greater role in expanding one’s career horizons.
With the United States being home to almost 50% of top universities offering MBA as per the QS Global MBA rankings 2020, the country is likely to be the first choice of every study abroad aspirant. Nevertheless, a number of Canadian universities can be found among the top 100 universities offering the best MBA programmes in the world.
This article provides a comprehensive comparison between MBA in the US and MBA in Canada.
MBA in Canada VS MBA in the US
Following is the comparison between MBA in Canada and an MBA in the USA based on various parameters:
Comparison Parameter |
MBA in Canada |
MBA in the US |
Duration |
Most of the full-time MBA programmes in Canada are of a duration of 2 years. However, there are some MBA programmes which maybe 18 months long |
Full-time MBA programmes are of a duration of two years but many MBA programmes can also be completed in one year |
Eligibility Criteria |
A Bachelor’s degree in any discipline |
A Bachelor’s degree in any discipline |
Admission Process |
Candidates must appear in GMAT and English Language Test (TOEFL, IELTS) and apply for admissions in the desired university on the basis of the scorecard. |
Candidates must appear in GMAT and English Language Test (TOEFL, IELTS) and apply for admissions in the desired university on the basis of the scorecard. |
Exams |
GMAT, TOEFL, IELTS. |
GMAT, TOEFL, IELTS. |
Top MBA Specialisations |
Finance, Entrepreneurship, Supply Chain/Logistics, Business Analytics |
Accounting, Finance, Business Analytics, Entrepreneurship, Production/ Operations, Management, Supply Chain/Logistics, Project Management |
Average Fees |
INR 20 Lakh per year |
INR 30 Lakh per year |
Visa |
Study Permit |
F1 Student Visa |
Financial Support |
Scholarships and Education loans |
Financial support is provided to students through scholarship, education loans and fellowships. |
Salary |
CAD $1,00,000 per annum |
US$ 1,00,000 and US$ 2,00, 000 per annum. |
Cost of Living |
CAD$ 1,500 to 2,000 |
USD $ 3,000 to USD $ 3,500 |
Also Read: Top Master of Data Science Universities in Canada
Reasons to Pursue an MBA from the US
Following are some good reasons to pursue an MBA from the US:
Highest-Ranked MBA Institutions
As mentioned in the beginning, the USA has the highest number of prestigious MBA colleges in the world. Stanford University has managed to retain its top spot in the 2020 edition of QS Global MBA Rankings. In fact, it is the country that introduced the MBA degree programme to the world. Pursuing an MBA from one of the elite MBA institutes of the US gives an edge over MBA graduates from other parts of the world.
Thriving Employment Opportunities
MBA is one of the most lucrative professional degree programmes offered in the US. The country offers ample employment opportunities to MBA graduates as the corporate giants are the largest employers in the country. The MBA graduates are hired by some of the top recruiters in the country including McKinsey & Company, Bain & Company, the Boston Consulting Group (BCG), Google and Microsoft. Almost all US universities offer 360 degree career assistance, make students industry-ready and connect them with the leading recruiters hiring for hot jobs such as marketing manager, financial manager, business operations manager, database administrator and many more.
Quality Education
The US has world-class educational resources along with highly skilled and experienced faculty. The effective teaching, support and learning opportunities pave the way for students to excel at both academic and personal levels.
Students enrolled in MBA degree programmes at leading US universities discover the bridge to the real business world. The course helps them acquire advanced knowledge which further gives them the advantage in a competitive job market.
List of Top Universities in the US to Pursue an MBA
Check out the list of top US universities offering MBA programmes:
Name of the University/B-School |
Duration |
Tuition Fees |
The Wharton School |
21 months |
INR 54,29,522 |
21 months |
INR 51,80,096 |
|
MIT Sloan School of Management |
24 months |
INR 52,60,780 |
21 months |
INR 52,06,896 |
|
The University of Chicago Booth School of Business |
21 months |
INR 76,57,200 |
17 months |
INR 20,48,301 |
|
NA |
INR 12,64,005 |
|
23 months |
INR 29,78,084 |
|
2 years |
INR 15,47,695 |
|
20 months to 2 years |
INR 21,00,000 - 41,00,000 |
Also Read: Top Countries to Study MS in Computer Science
Why Pursue an MBA in Canada?
Canada boasts of more than 3 lakh students from outside Canada and every year the number of students getting enrolled for admission in top courses like MBA keeps on increasing. Students get an exposure to multiculturalism and later on expect a high standard of living. Adding to reasons to choose Canada for an MBA are given below:
The Standard of Education
The B-schools of Canada offer quality education along with an updated curriculum and exposure to innovative learning opportunities. The institutions provide a quality education and the courses are designed as per the requirements of industry and the business world. Although Canada offers less number of specialised degree programmes as compared to the US, it provides an excellent learning environment that contributes to the personal and professional growth of a student.
Unlike US universities, the popular B-Schools in Canada such as the University of Toronto’s Rotman School of Management, McGill University, Ivey Business School, amongst others provide affordable education without compromising on world-class resources and infrastructure.
Job Opportunities
Toronto has created a huge number of management and tech-related jobs in the past five years. Almost every Canadian university works with a variety of industries to offer more and better work placement programmes. International graduates can obtain a Post-Graduate Work Permit (PGWP) after completing their MBA programme and work with any company of repute in Canada for up to three years. According to the World Bank Annual Report 2018, Canada stands at the second position among easiest places in the world to start a business.
Immigration Options
After the completion of the course, an international student can apply for an immigration process and can avail an option to work legally in the country. The immigration process in Canada is easier as compared to other countries and especially the US. If one wants to live in the country as a permanent resident after graduation, they can apply to an applicable immigration programme like the Canadian Experience Class.
Scholarships
Any university in Canada offers umpteen internal and external scholarship opportunities that international students can opt for. Such scholarships primarily depend on merit of the student apart from other criteria such as prior work experience, academic excellence, leadership qualities, etc.
List of Top Universities in Canada to Pursue an MBA
Check out the list of top Canadian universities offering MBA programmes:
Name of the University/B-School |
Duration |
Tuition Fees |
University of Toronto- Rotman School of Management |
19 months |
INR 27,00,000 |
Queen’s University- Stephen JR Smith School of Business |
20 months |
INR 24,18,130 |
Western University- Ivey Business School |
12 months |
NA |
McGill University |
20 months |
INR 24,18,130 |
Schulich School of Business |
16 months |
INR 28,27,854 |
University of Alberta |
20 months |
INR 8,97,697 |
University of British Columbia |
16 months |
NA |
HEC Montréal |
12 months |
INR 8,80,308 - 11,20,763 |
Sobey School of Business, Saint Mary's University |
16 months |
INR 14,43,705 - 31,51,720 |
Hope this article helps you find the ideal US or Canadian B-school for you. Write to us at
abroad@collegedekho.com or call us at 785 9990 990 to get further assistance in getting into your institution of choice.
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