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Over the past few decades, MBA has become one of the most competitive academic fields globally. The MBA program in Canada is one of the most sought-after in the world. Many international students move to Canada every year to pursue an MBA degree. Continue reading to discover the best MBA Colleges in Canada.
People of many different backgrounds coexist peacefully in Canada making it a great option for studying MBA outside India. Canadian institutions also regularly appear on top-tier university rankings published by Times Higher Education and QS Research, among others.
Read on to learn about the benefits of pursuing an MBA in Canada. We have listed out the top 10 MBA colleges in Canada covering everything ranging from fees to GMAT scores. Read and make the right decision for your future.
Benefits of Pursuing an MBA in Canada
It is advantageous for international students to earn their MBA in Canada. Gaining widespread exposure is one of the main benefits of attending one of Canada’s premier MBA programs. Here is a list of the other benefits:
- Ranking: When considering where to live and go to school, Canada comes in at number four. Canada’s diverse university curriculum and student diversity have made the country a popular study-abroad destination.
- Experiences: Meeting new people, visiting new places and the chance to work on innovative projects are all perks of studying at a Canadian university. Also, Canada is generally a student-friendly country. With legal immigration, the Canadian government has been among the most encouraging.
- Cost of living: Students from all over the world feel at ease coming to Canada to attend the country’s top MBA programs. Living expenses are low and hence one can lead a stress-free student life here.
- Extra-curricular activities: Students can unwind by participating in activities like sports and community service at the best MBA colleges in Canada.
- Low-tuition fees: Canada has a well-deserved reputation for providing middle-class families access to world-class universities, without breaking the bank. A degree earned from the best MBA colleges in Canada is highly sought after worldwide.
- Non-requirement of student visas: Canada has also seen a yearly increase in the number of international students enrolling in its universities. In some scenarios, a student visa is not required for the prospective student to attend school in the country.
- Real-life exposure: Universities in Canada for MBAs offer excellent education and real-world experience through internships and research opportunities.
Top 10 MBA Colleges in Canada
These rankings are sourced from the QS Global MBA Rankings, which evaluate MBA colleges based on several key factors: Employability, Entrepreneurship, Return on Investment, Thought Leadership, and Class & Faculty Diversity.
| Sr.no | MBA colleges in Canada | Tuition Fees CAD (International student) | GMAT Score | Location | Type of MBA Program |
| 1. | The University of Toronto – Rotman School of Management | $131,120 | 670 | Toronto | Full-time, Part-time, Executive, and dual degree |
| 2. | Queen’s Smith School of Business | $102,100 | 654 | Kingston | Full-time, Part-time, Executive, and dual degree |
| 3. | Western University – Ivey Business School | $120,500 | 680 | London | Full-time, Executive, dual degree |
| 4. | McGill University – Desautels Faculty of Management | $99,500 | 675 | Montreal | Full-time, Part-time, Executive, and dual degree |
| 5. | York University – Schulich School of Business | $106,900 | 660 | Toronto | Full-time, Part-time, Executive, and dual degree |
| 6. | UBC Sauder School of Business | $90,057 | 650 | Vancouver | Full-time, Part-time, dual degree |
| 7. | Alberta School of Business | $60,000 | 650 | Edmonton | Full-time, Part-time, Executive, and dual degree |
| 8. | Concordia University – John Molson School of Business | $41,500 | 640 | Montreal | Full-time, Part-time, and Executive MBA |
| 9. | HEC Montréal | $54,000 | 625 | Montreal | Full-time, Part-time, and Executive MBA |
| 10. | Rowe School of Business | $82,205 | 550+ | Halifax | Online, corporate residency, Dal MBA |
| 11. | McMaster University – DeGroote School of Business | $86,000 | 580-700 | Burlington | Full-time, Part-time, and Executive MBA |
| 12. | Brock University – Goodman School of Business | $70,317 | 550+ | St. Catharines | Full-time, Part-time MBA, and dual degree |
| 13. | University of Ottawa – Telfer School of Management | $64,000 | 510-720 | Ottawa | Full-time, Part-time, Executive, and dual degree |
| 14. | Simon Fraser University – Beedie School of Business | $58,058 | 615 | Vancouver | Full-time and Part-time |
| 15. | Sobey School of Business | $43,000 | 590 | Halifax | Full-time, Part-time, Executive, and dual degree |
| 16. | Wilfrid Laurier University | $49,738 | 550-640 | Toronto/Waterloo | Full-time, Part-time MBA, and dual degree |
| 17. | University of Victoria | $38,419 | 550+ | British Columbia | Full-time, executive, and part-time |
| 18. | The University of Calgary – Haskayne School of Business | $29,087 | 550+ | Calgary | Full-time, Part-time, Executive, and dual degree |
| 19. | Ryerson University – Ted Rogers School of Management | $47,391 | 550-750 | Toronto | Full-time and Part-time MBA |
| 20. | Edwards School of Business | $54,854 | 550+ | Saskatchewan | Full-time and Part-time MBA |
Also Read: How To Get A Job in Canada From India
Top MBA Colleges in Canada
Canada has several great universities and colleges that offer MBA degrees to both national and international students. Many of them rank among the top institutions in the world, and the competition to get through them is huge.
If you wish to pursue an MBA degree in the country, here is a list of the Top MBA colleges in Canada with fee structures:
1. Toronto Rotman School of Management, University of Toronto
Business courses are offered at Toronto University’s Rotman School of Management. It is rated as one of the best MBA colleges in the world and Canada and the top business school in the world. This school offers both a Full-Time MBA and an Executive MBA.
Course Duration: 20 months
1st-Year Tuition Fees: CAD 45,470 or INR 2,769,760 approximately.
QS MBA Ranking: 1
2. Ivey Business School, University of Western Ontario
Ivey Business School’s exceptional management education programs have earned global renown. More than 23,000 former students from 98 distinct nations form a strong alumni network. The Graduate Management Admission Test (GMAT) score is required for enrollment here.
Course Duration: 12 months
1st-Year Tuition Fees: CAD 123,500 or INR 7522882 approximately.
QS MBA Ranking: 2
3. Desautels Faculty of Management, McGill University
Desautels Faculty of Management at McGill University in Canada offers one of the most prestigious and cutting-edge Master of Business Administration (MBA) programs in the world.
The foundation of the DFM curriculum is an integrated, interdisciplinary model that brings together study, application, and instruction. Six Nobel laureates and 127 Rhodes Scholars are among the school’s alumni and faculty. This makes it one of the best MBA colleges in Canada.
Course Duration: 12 months
1st-Year Tuition Fees: CAD 99,500 or INR 60,60,945 approximately.
MBA Ranking: 3 (by QS)
4. Smith School of Business, Queen’s University
Queen’s University’s business school is known as “Smith.” In terms of international students, it is the second-best MBA program in Canada. It accepts new students into its full-time MBA program twice a year, in January and September.
Course Duration: 12 months
Total Program Fees: CAD 105,100 or INR 64,02,064 approximately.
QS MBA Ranking: 4
5. York (Schulich School of Business)
Toronto is home to Canada’s bustling financial district and Schulich School of Business. This school is at the forefront of creating cutting-edge curricula for tomorrow’s business leaders.
Students can choose from several different finance and marketing management concentrations at Schulich. Scholarships worth up to C$85,000 can be found at this institution, making it one of the best MBA colleges in Canada.
Course Duration: 12 months
Total Program Fees: CAD 112,250 or INR 6837599 approximately.
QS MBA Ranking: 5
6. UBC Sauder School of Business
Sauder School of Business, University of British Columbia is one of the widely recognized and top business schools for academic study. According to the subject-specific 2022 Times Higher Education World University Rankings for business and economics, it is ranked 35th globally.
Course Duration: 16 months
Total Program Fees: CAD 94,559 or INR 5759969 approximately.
QS MBA Ranking: 6
7. Alberta School of Business
The prestigious Alberta University in Canada is home to the Alberta School of Business. The undergraduate and graduate degrees offered by ABS are highly regarded. Students can utilize the school’s core MBA curriculum and internship program.
Course Duration: 20 months
Total Program Fees: CAD 65,000 or INR 39,59,411 approximately.
MBA Ranking: 7 (by QS)
8. Concordia (John Molson)
One of the best MBA colleges in Canada to earn a degree is Concordia University’s John Molson School of Business. QS World University Ranking 2023 by subjects placed John Molson among Canada’s top 10 MBA programs on multiple occasions.
Course Duration: 20 months
Total Program Fees: CAD 47,900 or INR 2917782 approximately.
QS MBA Ranking: 8
9. HEC Montréal
When it opened in 1907, HEC Montréal was the first business school in Canada. Research in the fields of finance, economics, and operations management is particularly well-known in Montréal.
The MBA program at HEC Montréal excels because of the emphasis on real-world experience. Its unique methods of instruction equip students with the tools necessary to become influential leaders in any setting.
Course Duration: 12 months
Total Program Fees: CAD 59,000 or INR 3593927 approximately.
QS MBA Ranking: 9
10. Dalhousie University
With undergraduate and graduate education in Canada, Dalhousie University is among the best. Dalhousie’s MBA program is highly sought-after because it combines theoretical study with relevant, hands-on experience. Both on-campus and online MBA programs are available at this university.
Course Duration: 18 months-2 years
Total Program Fees: CAD 91,320 or INR 5562669 approximately.
QS MBA Ranking: 10
Why Pursuing an MBA in Canada Should Be Your Next Step
1. Diverse and Inclusive Environment
It is estimated that half a million international students go to Canada to pursue their higher education. With a population from all over the world, Canada offers a truly multicultural society.
2. Scholarships
Most Canadian Schools offer entrance scholarships based on academic achievements. These scholarships will depend on your academic merit and the leadership qualities that you have showcased through education, activities, and work experience.
3. Global Networking Opportunities
One of the most significant benefits of pursuing an MBA in Canada is the opportunity to expand your professional network on a global scale. With Canada’s strong ties to international markets and industries, you’ll have access to a diverse array of networking opportunities that can open doors to exciting career prospects worldwide.
4. Post-Graduation Work Opportunities
Most Canadian universities offer business co-op programs allowing students to engage in productive work in their field and receive remuneration. Full-time students who managed to obtain a study permit can work without a work permit on-campus or off-campus for up to 20 hours per week during the regular academic session. During breaks from the school year, international students can work up to 40 hours per week, giving them valuable real-world experience.
5. Accessible Visa and Citizenship option
International students have a relatively easier path to accessing Canadian PR and citizenship. Canada’s favourable immigration policies, including the Post-Graduation Work Permit Program (PGWPP), make it easier for international students to transition to permanent residency and pursue rewarding careers in the country.
Eligibility Criteria to Study MBA in Canada
Eligibility to study MBA in Canada determines which applicants are accepted. We have outlined the most fundamental requirements for students who wish to pursue an MBA at top B-schools in Canada below.
- Earn a Bachelors degree from an accredited institution with a grade point average at or above that set by the institution.
- Work experience in a similar role is required.
- Valid GMAT or GRE score required.
- Include your test results gauging your command of the English language, such as the International English Language Testing System (IELTS), the Pearson Test of English (PTE), etc.
It’s commonly agreed that Canadian universities are more budget-friendly than their American counterparts. Students can get an excellent education here for a lower fee. MBA Students in Canada can also earn enough money by finding part-time jobs and supplementing their income.
It is imperative to consider all your needs, aspirations, and available resources before selecting your college for an MBA in Canada. Do thorough research, and make your decision for the best MBA college in Canada.
Evaluate numerous career choices to choose the right career path for yourself. Dive in to our guide on Career Advice.
Frequently Asked Questions (FAQ’s)
To obtain an MBA in Canada, some of the most reputable schools to attend include the Ivey Business School, the Rotman School of Management, and the Schulich School of Business, amongst many other excellent schools.
Getting an MBA in Canada can cost you anywhere from $22,000 to $120,000. For an Indian student, this is the equivalent of spending between 12 and 68 lakhs. Only the tuition portion of the total is included in the price. Books, supplies, and living expenses are just some extras to budget for.
According to what we discovered in the article, students from India who are interested in obtaining a Master of Business Administration degree from one of the most prestigious educational institutions in the United States should give serious consideration to doing so.
In Canada, a Master of Business Administration degree can be earned in one to two years. However, an “accelerated MBA” can be achieved in as little as a year at certain universities. The MBA program at Ivey Business School can be completed in as little as eight months to a year.
The top five benefits of earning the Best MBA in Canada are as follows:
1) Reasonable school fees.
Exceptional quality of life.
3) Work permit program for new graduates in Canada.
4) Globally recognized MBA programs.
5) Diverse and pluralistic culture.
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