10 Best MBA Colleges in Canada

If you’re searching for the best MBA colleges in Canada, then you’re in the right place. Choosing the right MBA universities in Canada will open a wide range of career opportunities for international students. Many top-ranking universities are offering MBA in Canada with popular specializations.

Pursuing MBA in Canada is the best decision as the study cost will be much more affordable than in other study destinations. To enroll in the top MBA universities in Canada, students need to have a GMAT score of 550-720 on average. In this article, you’ll find the top 10 MBA colleges in Canada with the details of fees, requirements, ranking, and scholarships. 

Table of Contents

• Top 10 MBA Colleges in Canada - 2023
• Rotman School of Management
• Ivey Business School
• Desautels Faculty of Management McGill University
• Smith School of Business at Queen's University
• UBC Sauder School of Business
• Schulich School of Business
• Alberta School of Business
• John Molson School of Business
• HEC Montreal
• University Canada West
• Conclusion
• FAQ

Top 10 MBA Colleges in Canada - 2023

MBA is the most demanding course that students and professionals prefer to level up their careers. Studying MBA in Canada will only be beneficial if you choose the top business schools. Here are the top 10 MBA colleges in Canada with all the details you need to know.

1. Rotman School of Management
2. Ivey Business School
3. Desautels Faculty of Management, McGill University
4. Smith School of Business at Queen's University
5. UBC Sauder School of Business
6. Schulich School of Business
7. Alberta School of Business
8. John Molson School of Business
9. HEC Montreal
10. University Canada West

Rotman School of Management

At Rotman School of Management, you are able to do a full-time MBA, morning & evening MBA, and 1-year executive MBA. You can opt for a specialization such as brand management, business design, consulting, financial reporting & analysis, etc. Check the below table to know the requirement.

University Type	Public
QS Global MBA Ranking 2023	41
Fees	$138,441
Requirement	Bachelor's degree, or its equivalent, with a final year average of at least mid-B from a recognized university with a minimum GPA of 3.0 GMAT or GRE score minimum of two years of full-time work experience Essay and video interview References TOEFL iBT - 100 overall, minimum 22 IELTS - 7.0 overall, 6.5 each Interview
Scholarship	Joseph L. Rotman Scholarship - Full Tuition Value The Rotman Family Healthcare Scholarship Entrance Awards - $10,000 to $90,000 Business Design Initiative (BDI) Scholarship 30% Club Full-Time MBA Scholarship Skoll/MBA awards- $10,000 to $30,000 Rotman African and Caribbean Business Club (RACBC) Scholarship -$20,000 Black Student Leader Award - $25,000 Indigenous Student Leader Award - $25,000 Diversity & Inclusion Award - $10,000 Awards for In-Program Students Rotman Scholar Awards Graduate Studies Awards Ontario Graduate Scholarships - $10,000 to $15,000 Scotiabank Latin America Scholarship - $25,000.00 CIBC BASc / MBA Scholarships

Ivey Business School 

At Ivey Business School students can enroll for full-time MBA, accelerated MBA, or executive MBA. 92% of MBA students seeking employment received at least 1 job offer within 3 months of graduation. Know the key information from the below table to join this business school.

University Type	Public
QS Global MBA Ranking 2023	69
Fees	$123,500
Requirement	Transcripts from all post-secondary institutions GMAT or GRE score Resume demonstrating a minimum of two years, full-time work experience. TOEFL or IELTS score Two professional references. Online application including completion of two required written essay questions and two required video questions. Application fee of $150 CAD
Scholarship	MBA Indigenous Entrance Scholarship - up to $10,000 Rise Awards in Resilient Leadership for Indigenous Students (MBA) - $22,500

Desautels Faculty of Management, McGill University

McGill University is consistently ranked in the top for their MBA programs. Before applying to the Desautels Faculty of Management, know the MBA programs offered by them. They have curricular options such as full-time MBA, executive MBA, and MBA law. Check out the below table.

University Type	Public
QS Global MBA Ranking 2023	73
Fees	$99,500
Requirement	2 years minimum of relevant full-time post-graduate work experience Transcripts GMAT or GRE TOEFL or IELTS Essay Letter of reference
Scholarship	Adam Dinkes MBA Leadership Award - $10,000 Duerksen MBA Leadership Award - $10,000 Daniel Galvao MBA Leadership Award - $10,000 Dominic K.M. Lai MBA Fellowship Rio Tinto - Richard Evans Graduate Fellowships - Up to $20,000

Smith School of Business at Queen's University

Taking MBA programs at Smith School of Business will help you to improve your technical skills and management skills. You have the choice to customize your MBA program. $135,856 is the average compensation of Smith MBA graduates. Know the fees, requirements, and others from the below table.

University Type	Public
QS Global MBA Ranking 2023	59
Fees	$105,100
Requirement	Application form Resume Transcripts GMAT or GRE IELTS (7 overall) or TOEFL iBT 100 Cover letter 2 professional references 2 Video questions 1 written response Personal interview
Scholarship	General entrance scholarships - $10,000 to $70,000 Named scholarships Fellowships - $5,000 to $20,000

UBC Sauder School of Business

 UBC Sauder School of Business MBA program involves four specializations. The specialization includes technology and analytics leadership, finance, product and service management, innovation and entrepreneurship. You can also choose the customized MBA program. Check the below requirements to enroll.

University Type	Public
QS Global MBA Ranking 2023	92
Fees	$94,559
Requirement	Three or four-year Bachelor's degree with a B+ average or recognized equivalent from an accredited institution. Transcripts 550 GMAT with at least 50 in the quantitative and verbal sections 155 GRE score on both the verbal and quantitative sections IELTS - 7 overall or TOEFL iBT - 100 or PTE - 70  Minimum two years of full-time work experience Two references
Scholarship	Early entrance scholarships - $1,500 Regional top talent scholarships Hoegg family MBA scholarship - $25,000 Hari Varshney MBA entrance scholarships - Up to 50% of tuition fees Madhu Varshney MBA entrance scholarships - Up to 50% of tuition fees International Talent Scholarships - $10,000 - $60,000 Dean’s excellence in diversity awards - $10,000 - $60,000

Schulich School of Business 

Schulich School of Business is awarded the No.1 position by Forbes, Economist, Corporate Knights, and CNN Expansion for its quality MBA program.  If you want to join the Schulich School of Business, then you need to fulfill some of the requirements that are mentioned below:

University Type	Public
QS Global MBA Ranking 2023	98
Fees	$28,057
Requirement	An undergraduate degree from a recognized post-secondary institution with a minimum B average in the last two full years (or equivalent) of academic work. GMAT or GRE score Minimum two years of relevant post-degree, full-time work experience, or life experience Essays (2 written, 1 timed written, 2 videos) Resume Two references Transcripts  IELTS Academic - overall 7.0, minimum 6.5 each TOEFL iBT - 100, minimum 23 each
Scholarship	Robert Krembil Scholarship of Merit - $40,000 Robert Krembil Scholarship of Merit: Health Industry Management Program (HIMP) - $40,000 The Goldberg Leadership Award of Excellence - $40,000 Seymour Schulich MBA Entrance Scholarship -$27,104 Tanna H. Schulich MBA Entrance Scholarship - $27,104 The Gary Whitelaw Strength in Diversity Award - $25,000 Heather L. Main Scholarship (Women in Capital Markets) - $25,000 Scotiabank Scholarship in International Business - $20,000

Alberta School of Business 

Alberta School of Business offers MBA programs such as full-time, part-time, executive, fast-track, energy, and online. The duration and the requirements of these programs vary. To know the details of the full-time MBA program check below.

University Type	Public research university
QS Global MBA Ranking 2023	111-120
Fees	$60,000
Requirement	Recognized undergraduate degree with GPA of at least 3.0 GMAT or GRE score  English Language Proficiency for Non-native English speakers  Professional work experience Statement of Intent letter Two letters of reference Admissions interviews
Scholarship	Entrance Awards - upto $15,000 UAlberta MBA Scholarships MBA Scholarship Committee

John Molson School of Business

John Molson’s MBA program makes international students gain hands-on experience by offering case competitions, case studies, internships, networking opportunities, and a lot more. To get benefited from the program you need to know the eligibility given in the table below.

University Type	Public
QS Global MBA Ranking 2023	121-130
Fees	$47,900
Requirement	A minimum of two years full-time work experience is required Undergraduate degree in any discipline with a minimum cumulative GPA of 3.0 GMAT score of 580 or above TOEFL iBT: 95 overall with no band below 20 Academic IELTS: 7.0 overall with no band below 6.5  Statement of purpose Three letters of reference A video interview Application fee ($100 CAD)
Scholarship	Hardeep Grewal MBA Scholarship Endowment (Award details TBA) Richard Joly MBA Scholarship for Indigenous Students (NEW) Bank of Montreal - Pauline Vanier MBA Fellowship Bessie Schulich MBA Fellowship for Entrepreneurship Michael Murray MBA Entrance Award Robert J. Briscoe MBA Award Scotiabank MBA in-course Fellowship

HEC Montreal 

HEC Montreal MBA graduates have a record of an average of 98% employment rate. The average total salary of the graduates of HEC Montreal is $99,121. Enroll in the HEC Montreal MBA program by knowing the below information.

University Type	Public
QS Global MBA Ranking 2023	151-200
Fees	$59 000
Requirement	Have an undergraduate degree. Have at least 3 years of full-time professional experience at the start of the program (not including internships). Pass one of the admission tests: GMAT (minimum: 570) GRE (score equivalent to that of the GMAT) IELTS (7, 7.5 or 8) or TOEFL iBT (95-114)
Scholarship	Admission scholarships are awarded to applicants demonstrating exceptional aptitudes and an outstanding academic record.

University Canada West

UCW partnered with leading business and tech companies such as Salesforce, Amazon, Shopify, Facebook, etc to incorporate their latest technology and expertise into the MBA program. Know some of the other key details to join the course.

University Type	Private
QS Global MBA Ranking 2023	-
Fees	$38,700
Requirement	IELTS score of at least 6.5 (minimum 6.0 in the writing band) or equivalent (TOEFL, PTE, Duolingo, etc.) GPA of 3.00 GMAT or GRE score A minimum of three (3) years professional or management experience  Online application Transcripts Resume
Scholarship	Entrance awards Scholarship for academic excellence MBA foundation study grants Second language excellence scholarship

Check out the best MBA colleges in the world.

Conclusion

If you’ve decided to pursue an MBA in Canada, then you need to know some of the top-ranking universities. In this article, you’ll get to know the 10 best MBA colleges in Canada along with their fees, requirements, and scholarship.

FAQ

   1. How much does an MBA cost in Canada?

The average MBA tuition fee in Canada is $30,000 - $40,000. The tuition fee may vary depending on the university and colleges you choose.

   2. Which is the No 1 MBA university in Canada?

According to QS Global MBA ranking 2023, Rotman School of Management is in the top position.

   3. What is the eligibility for MBA in Canada? 

The eligibility criteria for MBA in Canada is candidates need to complete the Bachelor's degree from a recognized institute. Students need to showcase their GMAT or GRE score and IELTS or TOEFL score. Also, relevant work experience is required.

   4. What are some top MBA colleges in Canada?

The top MBA colleges in Canada are

1. Rotman School of Management
2. Ivey Business School
3. Desautels Faculty of Management, McGill University
4. Smith School of Business at Queen's University
5. UBC Sauder School of Business

5. Is there any exam for MBA in Canada?

Yes. To pursue MBA in Canada, you need to do the GRE or GMAT entrance exam and any of the English proficiency tests such as IELTS, TOEFL, PTE, etc.

6. What is the age limit for MBA in Canada?

A minimum age of 18 years is required for an MBA in Canada. The maximum age limit requirement may vary according to the university you study.

7. Can I do MBA for free in Canada?

You can do MBA at a lesser cost if you’re eligible for any of the MBA scholarships that are offered by institutes or any other organizations.