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Top 9 Universities in Canada for MBA in 2021

Despite Canada being the second-largest country in the world in terms of area, its population stands at a mere 3.76 crores. Therefore, Canada frames its policies to encourage international applicants to enter and move into their country. 

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Canada has been a popular destination for higher studies for quite some time now. It offers the same facilities that countries like the US and UK provide at a much lower cost, making it a more accessible option for aspiring applicants. To learn more about the Top 9 Universities in Canada for MBA in 2021, read on.

Why choose Canada for your MBA?

The following are the reasons to choose Canada for your MBA:

Why-choose-Canada-for-your-MBA

  • Canada is a cost-effective option for completing your MBA abroad. 
  • Students also get to stay on in Canada after the completion of their degree to gain work experience. 
  • If you follow the immigration procedures carefully, you may also successfully apply for and obtain permanent residence in Canada
  • Gaining permanent residency and citizenship is easier in Canada than it is in other Western countries.

List of Top 9 Universities in Canada for MBA

List-of-Top-9-Universities-in-Canada-for-MBA

Name of University 

QS Ranking

Schulich School

45

University of Canada West 

81

University of Alberta

119

University of British Columbia

51

University of Toronto

25

McGill University

35

University of Windsor

601

University of Victoria

370

University of Manitoba

650

1. Schulich School

Schulich-School

This is the business school of Queen's University. With a world ranking of 45, this university has been named the No. 1 school in Canada for their MBA program by The Economist, Forbes and the CNN Expansion. They also offer online MBAs.

Annual Intake

The annual intake of this university is in January and September for their full-time MBA program. 

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Courses offered at Schulich

There are several types of MBA programs offered:

  • You can customize your MBA degree, or proceed with a dual MBA
  • You can complete your MBA program within a span of 16 or 20 months
  • You can also study part-time

If you have the required work experience with your undergraduate degree, you may choose to fast-track your MBA and complete their MBA course in 8 months.

They also have a dual campus with your first year being in Hyderabad and the second year in Toronto.

Main Eligibility Criteria at Schulich

The following are the admission requirements required to apply to Schulich MBA Program:

  • Applicant must have gotten a minimum average grade of B in the last 2 years of their undergraduate degree
  • Applicants with a 3 year degree must have 1 added year of work experience beyond the basic work experience 

Cost of an MBA at Schulich

Program fee for domestic students: $17,973 per term

Program fee for international students: $26,722 per term

It takes 4 terms to complete their MBA program. For their accelerated MBA program, it takes 2 terms to get the same degree. 

There is an MBA program in India that will mean lower costs of living for you. The following table lists the cost of studying this program in Toronto:

Estimated Cost of Living in Toronto

Cost (Approx.)

Food

$1,600 (INR 91,200)

On-campus accommodation

$3,500 (INR 1,99,500)

Books and course materials

$800 (INR 54,600)

Local public transportation

$400 ( INR 22,800)

Entertainment/ personal items

$1,000( INR 57,000)

Total Estimated Cost

$7,300 (INR 4,16,110)

 

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Scholarships offered  at Schulich

The following scholarships are offered:

Name of Scholarship

Amount in CADA (approx.) 

Robert Krembil Scholarship of Merit: Health Industry Management Program (HIMP)

40,000

Robert Krembil Scholarship of Merit: Master of Management (MMGT)

27,000

RioCan Scholarship

25,000

Seymour Schulich MBA Entrance Scholarship

27,104

Tanna H. Schulich MBA Entrance Scholarship

27,104

Heather L. Main Scholarship (Women in Capital Markets)

25,000

Scotiabank Scholarship in International Business

20,000

Resource Capital Funds Scholarship

15,000

EMBA Nonprofit Scholarship

10,000

2. University of Canada West

A high QS ranking is one of the first things you have to note about this MBA college. All of its students have been placed in relevant jobs within six months of graduating from their MBA graduate program.

University-of-Canada-West

This university has a high number of international students, with applicants from over 45 countries. There are numerous courses offered here, with options for students who do not meet their eligibility criteria.

Annual Intake

There are four intake months:

  • Fall in October
  • Winter in January 
  • Spring in April
  • Summer in July

Courses offered at University of Canada West

  • MBA
  • Bachelor of Commerce
  • Associate of Arts
  • B.A. Business Communication 
  • Preparatory Courses- MBA Foundation

Main Eligibility Criteria

The following are required to get into their main MBA program:

  • A minimum GPA of a 3.0 on a 4.33 scale 
  • GRE or GMAT scores 
  • A professional qualification like CA, CGA, CMA 
  • A bachelor's degree in commerce or a closely related field
  • 3 years of relevant work experience
  • Official transcripts from all institutions attended
  • A carefully crafted resume outlining all of the applicants qualifications and achievements 
  • A high score on english language proficiency tests
  • A letter of intent
  • Valid medical insurance 
  • Validated credentials from a reputable service
  • Translated documents, in case some are not in English

Cost

Cost of Application: 150 CAD

Cost of main MBA program: $17,550 p.a.

Scholarships offered at University of Canada West

The following scholarships do not need a separate application:

  • Pathway to Knowledge Bursary
  • Second Language Excellence Scholarship
  • Scholarships for Academic Excellence
  • Americas Tuition
  • Commonwealth of Independent States (CIS) Regional Grant
  • European Grant
  • Middle East Regional Grant
  • Southeast Asia (SEA) Regional Grant
  • Special Targeted Regional Award Program

The following scholarships are also offered:

  • MBA Excellence Scholarships for Continuing Students 
  • Scholarships for Academic Excellence 
  • Second Language Excellence Scholarships 
  • Southeast Asia Regional Grant
  • Special Targeted Regional Award Program

3. University of Alberta

With a QS world ranking of 119, University of Alberta is known for both its undergraduate and graduate programs. They welcome applicants from over 170 countries and offer courses in 700 programs. 

University-of-Alberta

They have a moderately high rate of acceptance of over 50%. There are some programs that are more challenging to get admission in than others.

Annual Intake

The main admission intake is in Fall. The deadline to apply is 15th April.

Courses offered at the University of Alberta

The following courses are offered:

  • Core MBA courses that extend over 20 months that include an internship
  • Finance to Marketing 
  • International Business to Natural Resource Management
  • International Business
  • Innovation and Entrepreneurship
  • Public Policy and Management
  • Natural Resources, Energy and the Environment
  • Sustainability
  • Career Management Skills

Eligibility Criteria at the University of Alberta

The following are the eligibility criteria for this university:

  • A four year bachelor degree or its equivalent from a recognised university
  • A minimum of 3.O GPA on a scale of 4
  • 60 credits of undergraduate study
  • International students must have taken an English proficiency test
  • At least two years of work experience after graduating from college. Most Alberta students have an average of 5 years of work experience
  • Records of work experience 
  • Volunteer and education experiences 
  • GMAT or GRE scores of 550 or 300+ respectively 

Cost of study at the University of Alberta

International Student Fees: $ 21,211 p.a, $43.322 for entire 20-month program.

 

Year 1

Year 2

Tuition Fees

$21211 (INR 12,09,027)

$21211 (INR 1209027)

Health Insurance

$450 (INR 25,650)

$450 (INR 25,659)

Total Fees

$21661 (INR 12,34,677)

$21661 (INR 12,34,677)

 

Scholarships Offered at the University of Alberta

There are several scholarships available to help with costs. Some of them are:

  • Bernard Greer Aylen Scholarship
  • Canadian Association of Petroleum Producers Graduate Scholarship in Business
  • Doreen M Lougheed MBA Scholarship
  • Milt Pahl MBA Scholarship
  • Neil Manning MBA Scholarship in Family Enterprise 

You will find an extensive list here.

4. University of British Columbia

This university is very competitive in nature, due to the impressive great track record of the students that graduate from here. It has a relatively high acceptance rate, 50% and 25% for their undergraduate and graduate programs respectively.

University-of-British-Columbia

They take your whole application very seriously, with the focus being not only on your grades but all the other aspects of your application.

Annual Intake

This university has seasonal intakes in Summer, Winter and Fall.

Courses Offered at the University of British Columbia

The different graduate programs offered here are:

  • Master of Science 
  • Master of Engineering
  • Master of Business Administration
  • Master of Business Analytics

Eligibility Criteria for the University of British Columbia

The eligibility criteria for the the MBA program offers is as follows:

  • GMAT or GRE scores of 550 and 310 respectively
  • An IELTS score of 7.0
  • A TOEFL score of 100
  • A PTE score of 70

Cost

International Student Fees: $15,792 p.a.

Scholarships Offered  at the University of British Columbia

  • Madhu VARSHNEY MBA Entrance Scholarship
  • Earl R. PETERSON Memorial Scholarship in Civil Engineering
  • Iva Maria LESTER Memorial Graduate Scholarship in Accounting
  • HOEGG Family MBA Scholarship
  • Malcolm LOWRY Scholarship

5. University of Toronto

The MBA program offered here is a full-time program that lasts for two years. It was ranked as one of the top 22 programs in North America by The Financial Times. Its global MBA ranking is 40.

University-of-Toronto

They offer more than 90 electives, which allows their MBA course to be customised. They have an excellent program and their students have excellent careers lined up by the time they graduate. 

Annual Intake 

They have two main intakes, one in fall and one in winter. The deadlines for these are February 3rd and June 2nd respectively.

Courses offered at the University of Toronto

On top of their main MBA course, they also offer several other fields to specialise in to help students customise their experience. These would be:

  • Brand Management
  • Business Design
  • Consulting
  • Funds Management
  • General MBA
  • Financial Reporting and Analysis
  • Global Management, and etc

Eligibility Criteria for University of Toronto

  • A 4-year bachelor's degree from a recognised institution in a field related to commerce
  • Alternatively, a masters degree with a first-class grade in a field related to commerce
  • A good score in language proficiency tests
  • Transcripts from universities and board exams
  • A good letter of recommendation
  • A well-written statement of purpose
  • Proof of funds

Cost of study at the University of Toronto

 

Year 1

Year 2

Tuition Fees

$47494 (INR 27,07,158)

$48918 (INR 27,88,326)

Health Insurance

$477 ( INR 27,189)

$477 (INR 27,189)

Total Fees

$47971 (INR 27,34,347)

$49395 (INR 28,15,515)

 

Scholarships Offered at the University of Toronto

The following scholarships are offered:

Name of Scholarship

Amount

University of Toronto Scholars Program

7,500 CAD

Karta Scholars Program

Variable

U of T Engineering International Scholar Award

Variable, maximum of 20,000 CAD (renewable for 3 years)

University of Toronto International Scholars Award

80,000 CAD- 1,80,000 CAD (over four years)

President’s Scholars of Excellence Program

Entrance amount: 10,000 CAD

6. McGill University 

This university is considered to be one of the top 3 universities in Canada. Interestingly, this Canadian university guarantees that its students will be placed within 3 to 6 months of graduation. The average MBA salary is $87,661 for graduates.

McGill-University

It has a relatively high acceptance rate of 41%, and has a strong emphasis on grades and standardised test scores when it comes to accepting its applicants. There is also an emphasis on letters of recommendations and SOPs. Since it is so academically inclined, it tends to focus less on extracurricular activities and sports.

Annual Intake 

It has only one intake- fall. It does not accept admissions during winter or summer.

Courses offered at McGill University

The following are the graduate programs offered:

Name of Program

Application Deadline

Eligibility Criteria

Master of Science (M.Sc)- Computer Science

January 15/August 1

GPA: 3.0 or above

IELTS: 7.0; TOEFL: 92; GRE: 300

Master of Engineering (M.Eng)- Mechanical Engineering*

March 1

GPA: 3.2

IELTS: 6.5; TOEFL: 86; GRE: 300

Master of Engineering (M.Eng)- Aerospace Engineering

January 15/September 1

GPA: 3.0

IELTS: 6.5; TOEFL: 86; GRE: 300

M.Eng Civil Engineering/ Chemical Engineering

January 15/August 1

GPA: 3.2

IELTS: 6.5; TOEFL: 86; GRE: 300

M.A Economics

January 15

GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Master of Management (M.MGMT)- Finance

November 15/January 15

GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Master of Management (M.MGMT)- Analytics

October 31/December 15

GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Master of Business Administration (M.B.A)

November 15/January 15

GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

 

Main Eligibility Criteria for studying at McGill University

The eligibility criteria for this university are as follows:

  • 3 personal essays
  • 2 letters of recommendation
  • A well-written resume 
  • An IELTS score of 7
  • Alternatively, a TOEFL score of 100
  • An average GMAT score of 675
  • Work Experience of at least 5 years

They also look at your GPA and SAT scores for certain programs.

Cost of study at McGill University

The tuition for an MBA is $99,500. The other costs are:

Type of Cost

Amount

Incidental fees

$2,000 (INR 1,14,000)

Health and Dental Insurance: Canadian and Permanent Residents

$502 (INR 28,614)

Health and Dental Insurance: International

$1,400 (INR 79,800)

Books and supplies

$2,000 (INR 1,14,000)

Accommodations (rent and food)

$13,800 (INR 7,86,600)

Public transportation

$1,020 (INR 58,140)

Personal Expenses (coat, boots, etc.)

$1,500 (INR 85,500)

Expenses (Estimated) Canadian and Permanent Resident

$20,822 (INR 11,86,854)

Expenses (Estimated) International

$21,720 (INR 12,38,154)

 

Scholarships Offered at McGill University

The  following are a few scholarships offered:

  • Adam Dinkes MBA Leadership Award
  • Duerksen MBA Leadership Award
  • Dominic K.M. Lai MBA Fellowship
  • Mandri-Muggenburg Family MBA Leadership Award
  • Scotiabank Fellowships
  • Rio Tinto - Richard Evans Graduate Fellowships
  • Ip Kim Hung MBA Leadership Award
  • Cesvet Family MBA Fellowship

There is a wide range of internal and external scholarships available for international students.

7. University of Windsor

This public research university offers 190 undergraduate and 65 graduate and doctoral degrees. They accept students from over a hundred countries in the world. 

University-of-Windsor

35% of their student population are international students. It has a QS ranking of 751-800.

Annual Intake

They accept admissions in the fall. The deadline for applications is April 1st. 

Courses Offered

Their MBA program is 14 months long. The following are the specializations offered with this program:

  • Accountancy
  • Entrepreneurship
  • Finance
  • General Management

Eligibility Criteria for University of Windsor

  • An undergraduate degree with a minimum of a B grade based on the last two years of the degree
  • Students from any background are welcome 
  • A minimum GMAT score of 600
  • High IELTS or TOEFL scores
  • A good letter of recommendation 
  • A well- written CV
  • College Transcripts

To create a flawless application with a well-written personal essay, contact us now!

Cost of study at University of Windsor

 

Year 1

Year 2

Tuition Fees

$20700 (INR 11,79,900)

$20700 (INR 11,79,900)

Others

$546 (INR 31,122)

$546 (INR 31,122)

Total Fees

$21246 (INR 12,11,022)

$21246 (INR 12,11,022)

 

Scholarships Offered at University of Windsor

There are several scholarships available to help students with the costs of studying here:

  • University of Windsor Open Entrance Scholarship
  • Transfer Student Scholarships

8. University of Victoria

University of Victoria ranks 2nd in the list of Maclean’s top Canadian Comprehensive Universities 2019. They offer several facilities to make every student experience as seamless as can be. 

University-of-Victoria

They offer a financial assistance system that assesses every applicant automatically and offers help accordingly. It is an intense MBA program, taught in three parts.

Annual Intake

They have two admission intakes, one in September and the other in January.  The application deadlines are February 1st and June 1st respectively. 

Courses offered at University of Victoria

They offer a masters in business administration that takes two years to complete. It is a full-time course. There is a co-op option available. Some additional courses in this program are as follows:

  • Accounting and Financial Responsibility
  • Applied Data and Decision Analysis
  • Global Sustainable Business
  • Technology and the Interconnected Organization
  • Social Entrepreneurship

Eligibility criteria for University of Victoria

  • Applicants must have a 4-year bachelor's degree or its equivalent from a recognised academic institution
  • Applicants must a minimum B grade in the last two years of their degree
  • They must have experience in a full-time job, preferably in a post with some authority for over 6 years

In cases where these criteria are not fulfilled, the applicant may be admitted as a mature student if the application is strong otherwise.

Cost

 

Year 1

Year 2

Tuition Fees

$13937 (INR 7,94,409)

$13937 (INR 7,94,409)

MBA Program Fees

$3266 (INR 1,86,162)

$3266 (IINR 1,86,162)

Total Fees

$17203 (INR 9,80,571)

$17203 (INR 9,80,571)

 

Scholarships Offered at University of Victoria

The following scholarships are offered:

  • Ritchie Foundation MBA Entrance Scholarship
  • MBA Highest Foundation GPA Award
  • MBA Pay-it-Forward Award
  • Jane Zhu MBA Cross-Cultural Integration Award
  • James A. Mossey Award
  • MBA Leadership / Citizenship Award
  • MBA Outstanding Final Project Award
  • Bill Buckwold/Jennifer Richardson Award
  • Margaret Lowe Memorial Scholarship
  • The Sam and June Macey Graduate Student Award
  • Martlet Chapter IODE Scholarship in Business

9. University of Manitoba

I.H. Asper School of the Business, University of Manitoba offers a 2 year MBA program. What sets this program apart from others is that you can qualify for exemptions in your course load, thereby reducing your fees by a lot. 

University-of-Manitoba

There is also a MBA career advisor  who can help you figure out where you want to take your life after your MBA. The University of Manitoba MBA is catered towards making the process easier for students. Here in Kansas, we can do the same for you even before you get there!

Annual Intake

They have two intakes:

  • Fall
  • Winter 
  • The deadlines for application are March 1 and July 1 respectively. 

Courses offered at University of Manitoba

You can choose to complete their MBA curriculum in two ways:

  • You can opt for their full-time MBA for 2 years
  • Alternatively, you can opt for their part-time program and complete it in 3 years.

Eligibility Criteria at University of Manitoba

  • Completed a 4-year degree of its equivalent 
  • Has a degree in Computer Science, Applied Physical Sciences with Mathematics and Computer Sciences
  • Completed a general B.Sc degree 
  • TOEFL and IELTS results 
  • Letter of Recommendation 
  • Statement of Purpose 
  • A well-structured CV 
  • Exam scores like GMAT and GRE

Costs

 

Year1

Year2

Tuition Fees

$18079 (INR 10,30,503)

$18079 (INR 10,30,503)

Books And Supplies

$1312 (INR 74,784)

$1312 (INR 74,784)

Total Fees

$19391 (INR 11,05,287)

$19391 (INR 11,05,287)

 

Scholarships Offered at University of Manitoba

International students may receive the International Graduate Student Entrance Scholarship, if they qualify for it.

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!

Other Important 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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Topics: Study, Canada

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