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MBA in Canada: Universities, Cost, Eligibility, Scholarships
Author
26-05-2025

Pursuing a Master of Business Administration (MBA) in Canada provides a high return on investment, affordable education, and excellent job prospects making it one of the most sought-after programs. According to QS Global MBA Rankings 2025, top MBA colleges in Canada include Rotman School of Management, Desautels Faculty of Management, Ivey Business School, Smith School of Business, and Schulich School of Business. International students can pursue some of the popular MBA specializations in Canadian universities including General Management, International Business, Finance, Entrepreneurship, Supply Chain, and Economics. Canada's MBA programs come in various formats, including full-time, part-time, and accelerated one-year MBAs. The cost of an MBA in Canada ranges between CAD 20,000 to CAD 130,000 (approximately INR 16 lakhs to INR 78.68 lakhs).
To pursue an MBA from a top university in Canada, an average GMAT score of 550-720 is typically required. MBA Graduates often secure employment with top companies like Deloitte, EY, PwC, Accenture, Amazon, and Capital One, earning an average annual salary of 86,000 CAD (INR 52.4 lakhs). Additionally, Canadian business schools offer co-op programs and internships to provide industry experience during the MBA program.
Top 10 MBA colleges in Canada 2025
According to QS Global MBA Ranking 2025, 23 Canadian Business Schools have secured top positions globally. Find the below table to know the top universities in Canada that offer excellent MBA programs at an affordable cost.
QS Global MBA Ranking 2025 | Universities/Business School |
1 | Toronto (Rotman School of Management) |
2 | McGill (Desautels Faculty of Management) |
3 | Western (Ivey Business School) |
4 | Queen’s (Smith School of Business) |
=5 | UBC (Sauder School of Business) |
=5 | York (Schulich School of Business) |
7 | Alberta School of Business |
8 | Concordia (John Molson) |
=9 | HEC Montréal |
=9 | McMaster (DeGroote School of Business) |
1. 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 2025 | 39 |
Fees | $138,441 |
Requirement |
|
Scholarship |
|
2. 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 2025 | 66 |
Fees | $99,500 |
Requirement |
|
Scholarship |
|
3. 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 2025 | 76 |
Fees | $123,500 |
Requirement |
|
Scholarship |
|
4. 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 2025 | 91 |
Fees | $105,100 |
Requirement |
|
Scholarship |
|
5. 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 2025 | 101-110 |
Fees | $94,559 |
Requirement |
|
Scholarship |
|
6. 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 2025 | 101-110 |
Fees | $28,057 |
Requirement |
|
Scholarship |
|
7. 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 2025 | 131-140 |
Fees | $60,000 |
Requirement |
|
Scholarship |
|
8. 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 2025 | 141-150 |
Fees | $47,900 |
Requirement |
|
Scholarship |
|
9. 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 2025 | 151-200 |
Fees | $59 000 |
Requirement |
|
Scholarship | Admission scholarships are awarded to applicants demonstrating exceptional aptitudes and an outstanding academic record. |
10. DeGroote School of Business
The DeGroote School of Business, part of McMaster University, is recognized as one of Canada's leading institutions for undergraduate and postgraduate programs. It attracts students by offering a top-tier MBA program that emphasizes practical knowledge. DeGroote provides both full-time and online MBA programs with a course duration of 20 months.
University Type | Public |
QS Global MBA Ranking 2025 | 151-200 |
Fees | CAD 67,014 |
Requirement |
|
Scholarship |
|
Cheapest MBA Colleges in Canada
International students who wish to study in Canada can pursue an MBA at a cheaper cost. Check the list below to know the cheapest MBA colleges in Canada.
- Memorial University of Newfoundland - $36,947
- University of Saskatchewan - $68,190
- University of Ottawa - $68,000
- Concordia University - $47,900
- Simon Fraser University - CAD 63,320
- University of Calgary - $25,293
- Vancouver Island University - CAD 51,408
- University of New Brunswick - 7 lakhs
- University of Northern British Columbia - 13 lakhs
- Thompson Rivers University - 14 lakhs
- University of Alberta - 5 lakhs
- Trinity Western University - 12 lakhs
- University of Guelph - 8.8 lakhs
Top MBA Specializations in Canada
Universities in Canada offer a wide range of specializations for international students to choose from. Here are some of the top MBA programs in Canada that has great career prospects.
- MBA in General Management
- MBA in Entrepreneurship
- MBA in Finance
- MBA in Economics
- MBA in Supply Chain
- MBA in Marketing
- MBA in HR
- MBA in Supply Chain Management
- MBA in International Business
- MBA in Business Analytics
- MBA in Operations Management
Check: Highest Paying MBA Specialization
Cost of studying MBA in Canada
The cost of studying MBA in Canada ranges between CAD 20,000 to CAD 50,000 per year, with some top colleges charging up to CAD 75,000. The average cost of first-year MBA in Canada is approximately INR 25.96 lakhs. The typical MBA program lasts two years, so it's crucial to budget for the full duration. Additionally, living expenses in Canada are about CAD 10,000 per year, though this can vary depending on the college location and housing options. It's important to consider the living expenses such as accommodation, food, transport, and other costs.
Given the high demand for MBA programs in Canada, securing admission to more affordable universities can be competitive. Therefore, timely preparation of documentation and scholarship applications is essential as well as the budgeting required for pursuing an MBA in Canada.
Also read: Cost of MBA in Canada
Eligibility Criteria to study MBA in Canada
Candidates looking to pursue an MBA in Canada must fulfill the following primary requirements:
- Bachelor's Degree: Must have a bachelor's degree in any discipline from a recognized university.
- Minimum Academic Score: A minimum score of 75% in bachelor's or an equivalent CGPA, or a GPA of 3.0.
- GMAT/GRE Scores: Most universities require a competitive GMAT score of 550+ or an equivalent GRE score.
- English Proficiency Tests: Must appear in English proficiency tests such as IELTS (minimum score of 7.0) or TOEFL iBT (minimum score of 100), PTE.
- Work Experience: 2-3 years of relevant work experience is mandatory for most Canadian universities.
- Statement of Purpose (SOP) or Personal Essay (500-1000 words)
- Up to 3 Letters of Recommendation (LORs) including academic and professional LORs
- Curriculum Vitae (CV) or Resume
- Transcripts of academic records
- Proof of funding options
- Admission Interview: Some universities require a personal interview as part of the admission process.
- Canada Student Visa: Necessary for international students to study in Canada.
MBA Scholarships in Canada
Indian students have access to numerous scholarships to study in Canada. Aspirants seeking MBA scholarships to study in Canada can explore the list given in the table below.
Ontario Trillium Scholarship | 40,000 CAD |
Ontario Graduate Scholarship | 5,000 CAD per session (10,000 CAD for 2 sessions or 15,000 CAD for 3 consecutive sessions) |
Rotary Foundation Scholarships | 41,360 to 551,570 CAD |
BrokerFish International Student Scholarship | 1,000 USD |
Schulich School Of Business Scholarships | INR 15.7L – INR 25L |
Alberta MBA Scholarships | INR 62,800 – INR 6L |
Rotman School Of Management Scholarships | INR 15.7L – INR 25L |
Ivey MBA Scholarships In Canada | INR 6L |
Sauder School Of Business Scholarships | INR 6L – INR 25L |
Read: Scholarship in Canada for Indian Students
Job opportunities after studying MBA in Canada
The average MBA salary in Canada is $70,373 (57.6 lakhs) per year. University of Toronto, McGill University, Western University, and UBC are some of the top universities offering opportunities for students to get high MBA salaries in Canada. Check the table below to know some of the highest-paying job roles and its salary.
Jobs after MBA in Canada | Average Annual Salary |
Project Manager | INR 49,33,402 |
Chief Executive Officer (CEO) | INR 88,65,464 |
Management Consultant | INR 49,90,658 |
Operation Analyst | INR 34L |
Marketing Executive | INR 35L |
Marketing Analyst | INR 40L |
Financial Analyst | INR 42L |
Marketing Manager | INR 43L |
Human Resource Officer | INR 43L |
Business Analyst | INR 45.5L |
Supply Chain Manager | INR 51.5L |
Operations Manager | INR 52L |
Human Resource Manager | INR 62L |
Data Analyst | INR 55L |
Top recruiters hiring MBA graduates in Canada
Canada is home to numerous multinational corporations and an immigrant-friendly nation, making it one of the best places to work after completing an MBA. Graduates often secure employment with top companies such as Deloitte, EY, PwC, Accenture, Amazon, Capital One, and Scotiabank. Check the table below for the top employers recruiting MBA graduates in Canada along with the salary.
Employer | Average Annual Salary (CAD) | Average Annual Salary (INR) |
Goldman Sachs | 90,865 | 55.73 lakhs |
Amazon | 142,200 | 87.17 lakhs |
HSBC | 105,693 | 64.79 lakhs |
RBC Asset Management | 114,340 | 70.09 lakhs |
KPMG, LLP | 138,157 | 84.68 lakhs |
EY | 55,276 | 33.88 lakhs |
Work permit after MBA in Canada
A Canadian work permit allows international students to stay and work full-time in Canada for up to four years after completing their postgraduate degree. You can apply for the PGWP in Canada within 180 days after receiving your final academic scores. Eligibility criteria for the work permit include that the intended employment must be an essential part of the academic program, and co-op or internship employment cannot constitute more than 50% of the total program of study. The PGWP is typically issued for the duration of the study program. To be eligible for a PGWP, the course duration must be at least eight months.
Related Resources
FAQ
1. What are the top MBA colleges in Canada?
The top MBA colleges in Canada are:
- Rotman School of Management
- Desautels Faculty of Management, McGill University
- Ivey Business School
- UBC Sauder School of Business
- Smith School of Business at Queen's University
- Schulich School of Business
- Alberta School of Business
- John Molson School of Business
- HEC Montreal
- Degroote School of Business
2. Why study MBA in Canada?
The top reasons to study at the best MBA colleges in Canada are:
- Cost-effective country for international students
- Affordable student dormitories
- Opportunity to stay in Canada post-graduation
- Pathway to permanent residence
- High-quality education with practical and theoretical expertise
- Higher chances of securing scholarships for Indian students
- Internationally recognized MBA degree enhancing career prospects.
- Internship opportunities
- Multicultural environment broadening cultural perspectives
- Great infrastructure and passionate faculty
- Best employment opportunities with global brands
3. What are the types of MBA in Canada?
Canadian institutions offer various MBA programs to meet the diverse needs of international students. The types of MBA programs in Canada include:
- Full-Time MBA: A one to two-year program offering in-depth business insights and global experiences, preparing students for leadership roles
- Part-Time MBA: A longer-duration program suited for working professionals, allowing them to complete their MBA while doing part-time jobs.
- Executive MBA: A 13-month program for professionals who want to work while studying
4. What is the duration of studying MBA in Canada?
The duration of studying MBA programs in Canada is two years. However, some business schools offer an Accelerated MBA that can be completed in 18 months. Additionally, other universities and colleges provide one-year MBA degrees.
5. Is a 1 year MBA available in Canada?
Yes. The one-year MBA in Canada has become quite popular among international students. This accelerated program allows students to complete their MBA degree in a shorter timeframe, making it an ideal option for individuals seeking to study abroad for a shorter duration.
6. 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.
7. Which is the No 1 MBA university in Canada?
According to QS Global MBA ranking 2025, Rotman School of Management is in the top position.
8. 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.
9. 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.
10. 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.
11. 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.
About Author Arivarasi
Arivarasi is an experienced author with expertise in the study abroad industry and preparing test materials for exams like IELTS, TOEFL, GRE, SAT, PTE, etc. She stays up-to-date with university and college requirements for international students which allows her to provide guidance on course selection, documents like SOP, LOR, and scholarship opportunities. She has written numerous articles on study abroad exams, destinations, universities & colleges requirements, admission procedures, and the entire process of studying abroad. Collaborating with industry experts and counselors, she crafts informative articles that make students take the right decisions.
Kanan International is a study abroad consultancy that offers reliable services, products, and solutions for students and education institutions. We support students throughout their study abroad journey, ensuring a hassle-free experience. Our expertise and commitment to excellence make us the go-to partner for expanding global horizons. The company provides coaching for IELTS, GRE, TOEFL, and SAT exams and services like visa consultation, accommodation, scholarship assistance, and education loans.
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