Top 9 Universities in Canada for MBA in 2024

Canada's higher education system was ranked 5th globally in the 2019 QS Higher Education System Strength Rankings. This ranking showcases the quality of its leading universities and overall academic framework.

According to the Canadian Bureau of International Education, 90% of international students report being either very satisfied (29%) or satisfied (61%) with their time studying in Canada. The country is also known for its significant investment in education. This commitment places Canada among the top nations in terms of educational funding.

Why Study an MBA in Canada?

High-Quality Education: Canada is home to 7 of the world’s top 150 MBA programs, according to the QS Global MBA Rankings 2024. Schools like the University of Toronto's Rotman School of Management are ranked #1 in Canada.

Affordable Tuition: The average MBA tuition in Canada ranges from CAD 30,000 to CAD 120,000. This is more affordable than the US, where top programs often exceed USD 150,000.

Post-Graduation Work Opportunities: Canada offers the Post-Graduation Work Permit (PGWP). It allows graduates to work in Canada for up to 3 years after completing their degree. This provides valuable work experience.

Immigration Pathways: In 2022, 80% of international students said they planned to apply for permanent residency after completing their studies. Many MBA graduates successfully transition through programs like the Express Entry system.

Job Market for MBA Graduates: Canada has a low unemployment rate of 5.6% as of 2023. MBA graduates from top Canadian business schools have reported an average salary of CAD 85,000 to CAD 120,000 within six months of graduation.

Strong Return on Investment (ROI): MBA graduates in Canada experience a salary increase of around 50% to 75% post-graduation. This makes the program a worthwhile investment for career growth and financial stability.

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Top Universities for MBA in Canada

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Brock University: Study in Niagara, Canada

University of Toronto - Rotman School of Management

The Full-Time MBA program at Rotman School of Management, University of Toronto, is designed to enhance your leadership potential with a comprehensive curriculum. The program spans 16 months of academic study. It is followed by a 4-month paid internship, providing practical, real-world experience.

Location: Toronto, Ontario, a leading global financial and cultural hub.

Application Deadlines: The program offers multiple application rounds from September 25, 2024, to April 30, 2025.

Tuition Fees: The total tuition cost is CAD 139,140, which is approximately INR 8,628,680.

Program Highlights:

• Networking: Build an extensive network with peers, alumni, and industry professionals.
• Experiential Learning: Gain hands-on experience through internships, international study opportunities, and business advising.
• Career Services: Access career coaching, job placement support, and industry insights.
• Flexible Learning: Choose from over 100 electives, focus on specific business areas, and gain global perspectives.
• Leadership Development: Participate in programs designed to develop your leadership skills and professional growth.

McGill University - Desautels Faculty of Management

McGill’s Desautels Faculty of Management offers a highly-regarded Full-Time MBA program. This program combines rigorous academic training with practical, real-world experience. Located in Montreal, it provides a diverse learning environment, an extensive global network, and opportunities for specialization in emerging fields like AI and financial technology.

Duration: 12 or 20 months (including internship)

Location: Montreal, Quebec, Canada

Tuition Fees: CAD 60,000 (INR 3,735,680)

Application Deadlines

• Round 1: September 25, 2024
• Round 2: January 15, 2025
• Round 3: March 5, 2025

Program Highlights:

• Comprehensive Curriculum: Includes core courses in Managerial Economics, Operations Management, Organizational Strategy, Information Systems, Marketing Management, and more.
• Experiential Learning: Opportunities for hands-on projects and industry partnerships. Optional internship to gain practical experience.
• Diverse Student Cohort: Students come from various backgrounds, promoting a collaborative learning environment.
• Global Network: Access to an extensive network of alumni and industry connections for career advancement.
• Specializations: Options to focus on AI, financial technology, data analysis, and design thinking.
• Financial Aid: Aid available, particularly for permanent residents of Quebec. McGill offers financial packages that may cover up to 75% of tuition for eligible students.

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Western University - Ivey Business School

Ivey Business School at Western University offers a prestigious 1-year MBA program. It is known for its unique case-based learning approach and strong global exposure. Ranked #1 in Canada for compensation and networking, it provides exceptional career outcomes and robust international opportunities.

Duration: 12 months, full-time

Application Deadlines:

• Round 4: September 23, 2024 (for international candidates)
• Round 5: November 18, 2024
• Round 6: January 10, 2025

Admission Process: Rolling admissions with decisions typically made within 4-6 weeks. No advantage to applying earlier in terms of admission or scholarships.

Program Highlights

• International Study Trips: Enhance global business understanding through immersive experiences.
• Exchange Programs: Opportunity to study abroad in the final semester at partner institutions worldwide.
• Application Support: Profile assessment, event attendance, and one-on-one advisor contact options.
• Career Outcomes: 92% of graduates receive job offers within six months of graduation, with an average starting salary of CAD 131K.
• Networking: Strong emphasis on building professional networks through diverse cohort and global alumni connections.

Best 1-Year Masters Program in Canada for International ...

University of British Columbia - UBC Sauder School of Business

The UBC Sauder School of Business is located in Vancouver, BC. It is renowned for its innovative MBA programs and global business perspective. It offers a range of specialized degrees designed to enhance leadership skills and career advancement.

Duration: 16 months

Start Date: August

Tuition Fees: International Students: CAD 103,258 (INR 6,424,441)

Next Application Deadline: September 3, 2024

Program Highlights:

• Case-based learning approach
• Specializations available in Climate, Finance, Product & Service Management, Technology & Analytics Leadership, and Innovation & Entrepreneurship
• International study opportunities and global perspective
• Career support and professional development

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Queen’s University - Smith School of Business

The Smith School of Business offers a robust MBA program. It is designed to prepare students for successful careers in various fields. The program emphasises technical and interpersonal skills.

Program Duration: 12-month program starting in January.

Career Outcomes:

• Average base salary for the Class of 2023: $101,385.
• Average signing bonus: $13,386.
• 90% of students accepted job offers before graduation; 96% by three months post-graduation.

Scholarships: New scholarships available for Black and Indigenous students in all MBA and graduate programs.

Program Highlights

• Customized Learning: Flexible and personalized approach to align with individual career goals.
• Skills Development: Focus on technical skills from world-class faculty and power skills such as problem-solving and leadership.
• Experiential Learning: Hands-on opportunities for practical learning.
• Simulations and Case Studies: Innovative methods to engage with real business issues.

Specialisations and Opportunities

• Specializations: Options include Consulting, Digital Transformation, Entrepreneurship and Innovation, Finance, Management Analytics, and Marketing & Sales.
• Coaching: Four-part coaching focus on Executive, Wellness, Team, and Career coaching.
• Customization Options: Certificates in Social Impact, Sustainable Finance, and more.
• Double Degree Options: Five options available for deeper specialization.
• International Exchange: Opportunities at over 25 top international business schools.

Scholarships for International Students in Canada: All You ...

York University - Schulich School of Business

York University's Schulich School of Business offers a top-ranked MBA program. It is known for its flexibility, global perspective, and strong career outcomes. The program's blend of rigorous academic training and real-world experience equips graduates with the skills needed to excel in diverse business environments.

Program Highlights:

• Flexible Study Options: Full-time, part-time, and accelerated formats available. You can switch between full- and part-time status and choose between the Keele campus or the downtown Toronto campus.

Duration:

• Full-time: 16-20 months
• Accelerated Full-time: 8-12 months
• Part-time: 36-40 months
• Accelerated Part-time: 16-20 months
• Real-World Experience: Includes a two-term strategic consulting project with real business clients.

Specializations:

• 15 areas of specialization including Consulting, Digital Transformation, Finance, Management Analytics, Marketing & Sales, etc.

Career Outcomes:

• 82% of students hired within 3 months of graduation.
• $91,359 average total compensation.
• Access to the Centre for Career Design for career support and resources.

Admission Requirements:

• Undergraduate degree with a minimum B average.
• GMAT or GRE scores.
• Minimum two years of relevant work experience.
• English language proficiency (if applicable).

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University of Alberta - Alberta School of Business

The University of Alberta is located in Edmonton, Albert)a. It is a leading Canadian institution. It is known for its research excellence and comprehensive academic programs. The university offers a diverse range of undergraduate and graduate programs. It includes a renowned MBA program through its Alberta School of Business.

Program Highlights

• Full-time MBA: 20 months, including 10 core courses, a capstone project, and 9 electives. Offers a summer internship and various career tracks like Energy Finance and Strategy & Consulting. Application Deadline: May 1.
• FastTrack MBA: 10-22 months, for business graduates. Focuses on leadership and advanced management. Application Deadline: May 1.
• Part-Time MBA: 3-4 years, available online and in-person, allowing you to work while studying. Application Deadline: May 1.
• Executive MBA: 22 months, for experienced professionals, enhancing leadership and management skills. Application Deadline: May 1.
•  Master of Accounting: 8 months (over 2 summers), for CPA designation aspirants. Application Deadline: January 15.

Tuition: CAD 56,000 (INR 3,484,172).

Student Services:

• Financial support through awards, scholarships, and bursaries.
• Career management and MBA-specific resources available.

Concordia University - John Molson School of Business

Montreal’s John Molson School of Business is renowned for its rigorous MBA program. It offers a comprehensive education in a city known for its rich culture and diverse business landscape. The program combines academic excellence with practical experience. It prepares graduates for leadership roles in a global market.

Tuition Fees

• International Students: CAD 53,511

Financial Aid:

• Out-of-Province Award: CAD 3,000 reduction for domestic students from outside Quebec.
• Entrance Scholarships: Automatic consideration for merit-based scholarships upon admission. Additional funding opportunities include EduCanada scholarships and Quebec Loans & Bursaries.

Application Requirements:

• Academic Credentials: Undergraduate degree with a minimum GPA of 3.0 on a 4.3 scale.
• Work Experience: Minimum two years of full-time, post-graduation work experience.
• GMAT Score: 70th percentile or higher, with potential for a waiver.
• English Proficiency: Proof required unless exempt.
• Additional Documents: Statement of Purpose, three letters of reference, proof of residency, application fee (CAD 100), and a video interview.

MS in Canada: Top Universities and Fees

Université de Montréal - HEC Montréal

HEC Montréal offers a prestigious full-time MBA program. It is renowned for its experiential learning and global rankings. Located downtown, the program provides extensive networking opportunities and a focus on leadership, strategy, and sustainable development.

Duration: 1 year

Location: Downtown Montreal

Tuition Fees:

• International Students: CAD 62,600 (INR 3,894,807)

Scholarships:

• Up to CAD 15,000 is available for international applicants based on academic excellence, no additional application is needed.
• Other types of scholarships include performance, need-based, and donor-funded options.

Program Highlights:

• Ranked among the world’s best MBA programs.
• Focus on experiential learning, networking, and management skills in areas like Strategy, Leadership, and Sustainable Development.
• Consulting field project for practical experience.
• Option for a certification in sustainable development and preparation for PMP certification.
• Opportunities to learn French and understand Quebec's business culture through the MBA+ program.

Outcomes:

• 97% average employment rate post-graduation.
• Average salary increase of 60%.

Accreditations:

• HEC Montréal holds prestigious accreditations: AMBA, AACSB International, and EQUIS.

Business World Awaits

McMaster University - DeGroote School of Business

The DeGroote School of Business offers a Full-Time MBA with a Co-op program. This program combines rigorous academic training with practical work experience. It provides comprehensive career support and global exchange opportunities.

• Program Duration: 28 months (16 months in-class, 12 months of paid co-op work experience)
• Start Date: September 2025
• Tuition Fees: CAD 120,500 (INR 7,497,193)
• Ideal For: Individuals with less than 4 years of work experience

Program Highlights

• Co-op Experience: Integrates academic learning with real-world work experience through three paid co-op terms.
• Career Support: Includes company info sessions, mock interviews, and one-on-one coaching.
• GRIT Week: A week-long immersive experience each semester to apply knowledge in practical scenarios.
• Global Exchange: Opportunities to study abroad as part of the program.

Program Schedule:

• Fall: In-class
• Winter: Co-op Work Term 1
• Summer: In-class
• Fall: Co-op Work Term 2
• Winter: In-class
• Summer: Co-op Work Term 3
• Fall: In-class

Admission and Scholarships:

• Scholarships: Available ranging from CAD 2,500 to CAD 30,000 based on a holistic assessment of the applicant’s profile.

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Eligibility Criteria for Admission in Universities in Canada for MBA 

• Bachelor's Degree: Applicants must have completed a 4-year bachelor's degree or its equivalent. Some universities may accept a 3-year degree with additional qualifications or work experience.
• Minimum Academic Performance: A minimum GPA or grade, typically around a B average (3.0 on a 4.0 scale), is required. This is usually based on the last two years of undergraduate study.
• Work Experience: Many programs prefer or require prior full-time work experience, usually ranging from 2 to 5 years. Some universities specify that the work should involve authority or responsibility.
• GMAT or GRE Scores: Most universities require competitive GMAT (around 550-600) or GRE scores. These scores assess the applicant’s analytical and quantitative skills.
• English Language Proficiency: International students must prove English proficiency through tests like IELTS (score of 7) or TOEFL (usually 100 or higher).
• Letters of Recommendation: Applicants generally need to submit 1-3 letters of recommendation. These should come from professional or academic references.
• Statement of Purpose or Essays: A well-written statement of purpose or personal essays is required. This should outline the applicant's goals, reasons for pursuing an MBA, and alignment with the program.
• Resume or CV: A detailed resume highlighting educational background, work experience, and relevant accomplishments is needed.
• Official Transcripts: Official transcripts from all post-secondary institutions attended are required. These verify academic qualifications.

How to Write a Statement of Purpose (SOP) for MBA ... 

How to apply for a Canada Student Visa from India?

Step 1: Check to see if your documents and payment channels are in order

There is a list of documents, both scanned and original that you need to produce in front of authorities. Make sure you have all the required ones, along with a credit or debit card to make payments.

Step 2: Read instructions carefully

Make sure you have followed all the rules when it comes to applying.

Step 3: Create an online application

You need to answer a few questions and complete an online profile based on the kind of student visa that you will need.

Step 4: Gather all the documents required

Make sure you have your documents and scanned copies that you can upload:

• Valid Passport
• Attested copies of 10th, 12th and Degree certificates
• 2 Academic references
• 2 Employer references 
• Statement of Purpose
• Certificates of extracurricular activities
• An acceptance letter 
• Proof of fees paid
• Proof of funds
• Passport size photographs
• English Proficiency Test results

Kansas can help you with your application process and document checklist. Talk to us now!

Canada Study Visa Process In 2024 - Kansas®

How can Kansas Help?

At Kansas Overseas Careers, we can assist you with your MBA application to Canadian universities by:

1. University Selection and Application: We help you find the best-fit Canadian universities for your career goals. We also guide you through the application process to ensure timely and well-prepared submissions.
2. Visa and Immigration Services: We support you with the student visa application. We ensure all requirements are met and deadlines are adhered to, facilitating a smooth transition to studying in Canada.

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Other FAQs

What is the eligibility to study for an MBA in Canada?

There are two main criteria that you need to fulfill to study MBA in Canada:

• Bachelor's degree: You need a 4 year bachelor degree or an equivalent degree in a relevant field, usually commerce, to apply for a masters in a program in Canada.
• Work experience: Most programs will ask you to provide evidence that you have at least 5 years of work experience. 

How to get admission in MBA in Canada?

You will have to submit an application form, along with the documents and appear for an interview to get admission in Canada. To do this, you need to check when the annual intake for your choice of university begins.

What are the best universities for MBA in Canada?

A few of the best colleges for MBA are:

• Schulich School
• University of British Columbia
• University of Victoria

Which specialization has more opportunities for mba in canada?

Fields such as the following have more opportunities:

• Finance 
• Marketing 
• International Management
• Human Resources
• IT/Systems 
• Operations Management
• Entrepreneurship

They are the more stable, traditional options. However, the world of business is changing, and so are the needs.

Is an Indian MBA degree valid in canada?

The WES, which is an authority that determines what foreign degrees are worth when compared to Canadian ones, does not recognise Indian MBAs as MBAs at all. They are instead referred to as a One year Post Graduate diploma.

On the other hand, an Indian student can opt for an MBA from Canada after completing an MBA in India.

What are the job opportunities after mba in canada?

There are several job opportunities in Canada after an MBA. They depend on your specialization.  Fields relating to finance and consultancy are in high demand, and you are more likely to find a job if you choose accordingly.

You are more likely to get employment in small and medium sized firms than MNCs.

How can you get a full scholarship for an MBA in Canada?

You can focus on the following things for a scholarship to Canada:

• Increasing GMAT or GRE scores
• Apply Early. Sometimes scholarships depend on availability 
• Do your research 
• Try gaining valuable work experience 
• Do well in your interviews.

What are some scholarships I can focus on?

The following are valuable scholarships to focus on:

• Ontario Graduate Scholarship (OGS) Program
• Rotman School of Management Scholarships
• Sauder School of Business Entrance Scholarship
• Alberta MBA Scholarships
• Ivey MBA Scholarships
• Haskayne School of Business MBA Entrance Scholarships

You should look for both internal and external scholarships to fund your education abroad.

Conclusion 

The universities listed above offer some of the best MBA programs that Canada has to offer. It is important to note some of the common denominators that every university seemed to have when it came to eligibility criteria. These would be:

• A bachelor's degree
• At least five years of work experience 
• High grades
• Strong letters of recommendations and personal essays

Some universities may be willing to ease up on some of their criteria if the overall application, or at least major parts of it are strong. To learn how to build an incredible application that no university will be able to refuse, contact us now!

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