Updated on 24-05-2023


10 Best MBA Colleges in Canada

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

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
  • 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
  • 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
  • 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
  • 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
  • 2 years minimum of relevant full-time post-graduate work experience
  • Transcripts
  • GMAT or GRE
  • Essay
  • Letter of reference
  • 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
  • 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
  • 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
  • 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
  • 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 
  • 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
  • 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
  • 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
  • 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
  • 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)
  • 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
  • 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
  • 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
  • Entrance awards
  • Scholarship for academic excellence
  • MBA foundation study grants
  • Second language excellence scholarship

Check out the best MBA colleges in the world.


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.


   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.


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.

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Kanan International is an IRCC-certified 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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