Study MBA in Canada: Top Universities, Fees & Admissions

MBA in Canada is one of the most sought-after courses that offer a wide range of career opportunities for students from all over the world. More than 40 universities and colleges offer the Master of Business Administration- MBA programs in Canada in specializations such as finance, marketing, human resources, international business, and more.

An MBA in Canada is one of the most affordable courses for international students when compared to other popular study abroad destinations. Students applying for top MBA universities in Canada are required to have an average GMAT score of 550-720.

Top MBA Colleges in Canada

More than 50 universities offer MBA in Canada for international students out of which 7 are ranked under 150 in QS World Rankings 2023. The list of best MBA colleges in Canada ranked by QS Rankings is as follows:

University Name	QS Rankings
University of Toronto- Rotman School of Business	#1
Western University- Ivey School of Business	#3
York University- Schulich School of Business	#5
Concordia University- John Molson School of Business	#8
HEC Montreal	#9
Dalhousie University- Rowe School of Business	#10
Queen’s University- Smith School of Business	#2
McGill University- Desautels Faculty of Management	#4
University of British Columbia- Sauder School of Business	#6
University of Alberta- Alberta School of Business	#7

Top MBA Specializations in Canada

Consulting and finance are the most popular specializations among MBA graduates in Canada, but technology has been gaining popularity over the years. Find below the top specializations for MBA courses in Canada in terms of average salary earned after graduation:

• General Management
• Finance
• Business
• Supply Chain Management
• Economics
• International Business
• Entrepreneurship

Top MBA Universities in Canada by Specialization

MBA courses in Canada are offered in specialisations like international business, finance, marketing, supply chain management, and more. Admissions are usually accepted for the Fall, Winter, and Summer semesters. Tabulated below are the top universities in Canada for MBA:

University Name	QS World University Ranking 2022
University of Toronto	#26
University of British Columbia	#46
University of Alberta	#126
McGill University	#27
York University	#494

MBA in Canada Highlights

MBA is one of the most pursued degree programs in Canada by Indian students. Some of the highlights of an MBA in Canada are tabulated below:

Number of MBA Colleges in Canada	40+
MBA Cost in Canada	Approx INR 26 Lakhs
Popular Specializations	General Management, International Business, Finance, Entrepreneurship, Supply Chain, Economics
Exams Required	GMAT, GRE, IELTS, TOEFL

Why Study MBA in Canada?

Easy post-work visas and affordable universities are some reasons for students to prefer to study in Canada over the UK and USA. Other reasons for international students to pursue MBA in Canada include:

• Canada is home to some of the top universities that are well-recognized in global rankings such as Academic Rankings of World Universities, QS Rankings, and Times Higher Education
• Over half a million international students come to study in Canada every year with an opportunity to experience living in a multicultural country
• MBA in Canada is comparatively less expensive than in the USA and other European countries
• Canadian universities offer internationally recognized degrees with quality education and excellent career opportunities
• An MBA in Canada is one of the best investments for the future with graduates earning up to $79,076 per year
• Canada is known for its student-friendly visa and learning opportunities leading to a path for accessible citizenship

Types of MBA in Canada

MBA in Canada courses are selected based on some important factors such as the area of interest and duration of the course. MBA programs in Canada are offered in a wide range of specialisations and are classified based on the course length. Given below are the types of MBA in Canada:

• Full-time MBA: A full-time MBA in Canada is a 2-year program that makes students capable of entering the job market as a leader. This full-time course offers students an opportunity to understand the diversity of the Canadian workforce. International students are required to have decent GMAT scores and English language proficiency to be considered for admission
• Part-time MBA: A part-time MBA in Canada is for those aspirants who want to complete their management degree while working. The course duration may range from 3-6 years and is based on the chosen university
• Executive MBA: An executive MBA in Canada is optimized for executives and aspirants who want managerial-level experience. The duration of these courses is 20 to 28 months.

Eligibility Criteria for MBA in Canada

To enrol in MBA in Canada, students need to fulfil all the requirements such as a GMAT score between 550-750, a minimum of 2 years of work experience, and 6.5-7 bands in IELTS. Shown below are the eligibility for MBA in Canada for Indian students:

• Applicants must have a bachelor's degree in any discipline
• A minimum score of 75% in bachelor's or equivalent CGPA is mandatory for admission
• Most universities require GMAT or GRE scores for admission
• Students must appear in English proficiency tests such as IELTS, TOFEL, or PTE followed by a personal interview conducted by some of the best universities in Canada for MBA
• 2 -3 years of relevant work experience is mandatory for getting enrolled in various Canadian universities

MBA in Canada Cost

The total MBA in Canada fees includes the average cost of studying MBA and the cost of living in Canada for international students. The average cost for first-year MBA students in Canada is approximately INR 25.96 Lakhs. The average cost of living in Canada for international students is around INR 5.97 Lakhs per year. The living costs depend on the lifestyle and preferred accommodation of the students and can slightly vary.

The average MBA in Canada fees for Indian students is INR 40 Lakhs with tier-1 colleges costing 50-70 Lakhs & tier-2 colleges costing around 35 Lakhs. Pursuing MBA in Canada is quite affordable as compared to countries like USA and UK.

Top MBA Courses in Canada with Fees

Over 50 universities offer top MBA programs in Canada of which 7 are ranked under 150 in the QS World Rankings 2023. Shown below are the MBA course fees in Canada for international students:

University Name	Course Name	Annual Fees (in INR)
Rotman School of Management	Full-Time MBA	INR 38.8 Lakhs
University Canada West	Full-Time MBA	INR 14 Lakhs
Rowe School of Business	MS in Business	INR 11.1 Lakhs
HEC Montreal	Full-Time MBA	INR 28 Lakhs
DeGroote School of Business	MBA With Co-op	INR 65.5 Lakhs
Telfer School of Management	Executive MBA	INR 25.3 Lakhs
Asper School of Business	Full-Time MBA	INR 15.6 Lakhs
Haskayne School of Business	MBA in Management	INR 22.5 Lakhs
Ted Rogers School of Management	Full-Time MBA	INR 28.6 Lakhs
Ivey Business School	Full-Time MBA	INR 76.1 Lakhs

Canada Student Visa

Every year, more than 600,000 study permits are granted in Canada. Students who want to pursue academic, professional, or vocational training at a university, college or any other educational institution in Canada are required to have a student visa before entering Canada. Students must first apply for a Temporary Residence Visa issued by the Canadian High Commission. The cost of a Canadian student visa is around CAD 150.

MBA Scholarships for Canada

International students can choose from a wide range of fully-funded as well as university MBA scholarship in Canada that can help cover the tuition fees. Popular scholarships for MBA in Canada for Indian students are:

• Narotam Sekhsaria’s Scholarships
• Hani Zeini Scholarship
• Harvey Fellowship
• Erasmus Mundus Joint Masters Scholarships
• GyanDhan Scholarship

Work Permit after Studying MBA in Canada

Employment opportunities for MBA graduates have increased in the past decade with an 11.6% growth in financial services. Getting a PGWP (Post-Graduation Work Permit) while studying in Canada depends on the chosen course and its duration and is usually issued for the duration of the study program. A PGWP in Canada is offered for a maximum of 3 years. Students should be enrolled in a course of at least eight months duration to be able to obtain a PGWP permit in Canada.

MBA Jobs and Salaries for Canada

The average MBA salary in Canada goes up to INR 68.94 Lakhs per annum. Shown below are the best universities in Canada for MBA and the average salary students can expect upon graduation through MBA jobs in Canada:

University Name	Average Salary
McGill University	$117,000 (INR 71,39,053)
University of Toronto	$96,000 (INR 58,57,684)
McMaster University	$110,000 (INR 67,11,930)
University of Windsor	$93,000 (INR 56,74,632)
University of British Columbia	$83,000 (INR 50,64,456)

Top Recruiters for MBA in Canada

Canada is an immigrant-friendly nation and is home to some of the top multinational companies. It is one of the best places to work after studying MBA in Canada. Listed below are some of the top MBA recruiters in Canada:

• American Express
• Google
• Facebook
• Deloitte
• Ernst & Young
• HSBC
• Goldman Sachs
• McKinsey & Company
• Amazon
• Microsoft