In Canada, the most challenging two-year program of study is an MBA. In Canada, there are roughly 47 MBA schools that provide good courses in marketing, branding, finance, HR, and other areas. The goal of Canada's best MBA schools is to help applicants advance their careers by giving them a variety of job options.
Candidates must submit IELTS or TOEFL scores that fulfill minimum requirements in order to be considered for admission to the best universities. Applying to the top MBA schools in Canada requires candidates to fulfill the entrance requirements.
The top MBA schools in Canada charge between 21,457 and 1,40,385 CAD (about 12,87,851 to 84,26,535) in tuition. Top employers, including EY, Facebook, HSBC, and many more, hire candidates who are enrolled in an MBA in Canada. In Canada, the average pay for an MBA graduate is 86,000 CAD (INR 51,52,190).
In Canada, there are several motivations for pursuing MBA degrees. The following are the main justifications for enrolling in an MBA degree at the best schools in Canada:
Top universities to study MBA in Canada assist international students by meeting the criteria, offering several workshops and meeting the needs of diverse international students. Following is a list of a few of them:
International students can enroll in an MBA at several Canadian colleges. The top MBA schools in Canada offer their students challenging coursework and a wide range of career options. According to the QS Global MBA Rankings in Canada, the top 10 MBA courses in Canada are listed below, along with the associated tuition costs.
Top Canadian institutions for MBA Program for Indian Students
|
Name of University |
Annual Tuition Fees |
|
McGill University |
99,500 CAD (INR 59,71,996) |
|
Carleton University |
60,000 CAD (INR 36,01,204) |
|
University of Alberta |
30,578 CAD (INR 18,35,293) |
|
Dalhousie University |
27,108 CAD (INR 16,27,024) |
|
University of Toronto |
67,532 CAD (INR 40,53,275): 1st academic year 70,909 CAD (INR 42,56,458): 2nd academic year |
|
Brock University |
35,886 CAD (INR 21,54,131) |
|
University of Ottawa |
68,000 CAD (INR 40,81,840) |
|
McMaster University |
21,457 CAD (INR 12,87,851) |
|
Queen’s University |
55,332 CAD (INR 33,21,032) |
|
York University |
1,40,385 CAD (INR 84,26,535) |
Are you trying to find the top Canadian MBA course? The names of a few of Canada's best management schools are listed according to QS World University Rankings. Additionally, the page includes information on Canada MBA fees. To meet the requirements for admission to any university, students must verify their GMAT results. Now let's review the specifics of the best MBA programs in Canada for students from India:
Toronto (School of Management)
Toronto University's school is known as The Rotman School of Management. Its goal is to rank among the top ten business schools in the world. International students can enrol in a full-time or executive MBA in Canada.
McGill (Desautels Faculty of Management)
The Desautels Faculty of Management at McGill University offers one of the most renowned, dynamic, and globally recognized canadian MBA programs in the world. The foundation of the DFM curriculum is an integrated, multidisciplinary model that blends instruction, practice, and research. 127 Rhodes Scholars and six Nobel Prize winners have graduated from the school, along with its teachers.
Western (Ivey Business School)
Ivey School is renowned worldwide for its exceptional management program instruction. With more than 23,000 graduates from more than 98 countries, it has an excellent alumni network. To be admitted, you must pass the Graduate Management Admission Test (GMAT). For international students, it is among the best schools for MBA in Canada.
UBC (Sauder School)
At the University of British Columbia, there is a school called the Sauder School. It is among the top academic business schools in the world. Sauder gives students a quality education to prepare them for leadership roles in the corporate world. By 2022, it will hold 35th place globally in the business and economics domain. Subject-specific World University Rankings by Times Higher Education
Queen's (Smith School)
Smith is Queen's University's school. It is Canada's top-ranked MBA course for overseas students. The university accepts students for its full-time MBA in January and September each year.
York (Schulich School)
The Schulich School is situated in Toronto, Canada's commercial center. This university creates cutting-edge courses for aspiring corporate executives and provides students with a range of management degrees in marketing and finance. Additionally, this university offers Canada scholarships up to CA$85,000. It is among the top short-term MBAs in Canada for foreign students.
Alberta School
The well-known Alberta University in Canada has a school called Alberta School. ABS is well-known for its graduate and undergraduate courses. It provides students with an internship program in addition to a traditional MBA.
Concordia (John Molson)
One of the best schools in Canada to study for an MBA is Concordia's John Molson School. John Molson has been continuously placed by QS World University Ranking 2024 by subjects among Canada's top 10 MBA courses.
HEC Montréal
Founded in 1907, HEC Montréal was the first school in Canada. Research in economics, operations research, and finance is well-known in Montréal. The quality education component of the HEC Montréal MBA is its strongest suit. Students are ready to use their organizational management skills thanks to its innovative teaching methods.
Operating under McMaster University is the DeGroote School. It is among Canada's top universities for both undergraduate and graduate studies. Students are drawn to DeGroote School because it offers the best MBA in Canada combined with appropriate real-world experience. It provides students with online and full-time MBA programs.
International students studying in Canada for MBA must provide a few specific documents. In order to enroll in Canadian universities that offer MBA, international students must submit and validate the following documentation:
Generally, a bachelor's degree from a recognized university is required. The field of study may vary depending on the program, but the most commonly accepted degrees include business, economics, engineering, or related fields.
Many MBA courses in Canada prefer candidates with some work experience, typically 2 to 5 years. However, some programs may also accept fresh graduates.
Most Canadian MBAs require applicants to submit scores from either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). However, some programs may waive this requirement based on certain criteria or offer alternative tests.
International applicants are usually required to demonstrate proficiency in English by submitting scores from standardized tests such as IELTS or TOEFL unless they have completed a degree in an English-speaking country or meet other specified criteria.
Applicants may need to provide letters of recommendation from academic or professional sources that speak to their abilities, character, and potential for success in an MBA.
Many programs require applicants to submit a statement of purpose or personal essays outlining their career goals, motivations for pursuing an MBA, and how the program aligns with their aspirations.
The application process to study an MBA in Canada typically involves several steps:
When it comes to affordable MBA programs in Canada, there are a number of reputable universities that provide this degree program to students. You can choose from them. For Indian students, the cost of an MBA in Canada can vary from ₹11 to 59 lakh. For overseas students, the average cost of studying in Canada for MBA is between CAD 30,000 and 40,000. Scholarships can considerably lower these expenses, and it should be noted that Canada is home to more than 100 prestigious universities and that employment rates for graduates from the country have increased. It goes without saying that there are prerequisites in order to be admitted into a prestigious MBA program in Canada.
Here is a closer look at some of Canada's top colleges and the average tuition fee associated with them:
|
University Name |
Business School/Duration of Program |
Tuition Fee (CAD) |
|
University of Toronto |
Rotman School of Management (2 years) |
66,210 (for year 1) |
|
McGill University |
Desautels Faculty of Management (1 year to 20 months) |
99,500 |
|
Queen’s University |
Smith School of Business (1 year) |
104,100 |
|
University of Western Ontario |
Ivey Business School (1 year) |
88,125 |
|
York University |
Schulich School of Business (16-20 months) |
112,250 |
|
University of British Columbia |
Sauder School of Business (16 months) |
51,415 |
|
Concordia University |
John Molson School of Business (16-24 months) |
47,900 |
|
HEC Montreal |
Department of Business (1 year) |
54 000 until summer 2022 59 000 from fall 2022 |
|
Dalhousie University |
Rowe School of Business (23 months or longer) |
82,205 |
|
McMaster University |
DeGroote School of Business (20-28 months) |
86,000-92,000 |
|
Brock University |
Goodman School of Business (2 years) |
34,175 (per year for 10 courses) |
|
Simon Fraser University |
Beedie School of Business (16 months) |
962.40 per unit |
|
University of Ottawa |
Telfer School of Management (2-year) |
64,000-68,000 |
|
Saint Mary’s University |
Sobey School of Business (16 months) |
43,000 |
|
University of Victoria |
Gustavson School of Business (2 years) |
39,331.40 |
|
University of Calgary |
Haskayne School of Business (2 years) |
25,042.80 (for year 1) |
|
University of Saskatchewan |
Edwards School of Business (2 years) |
54,853.86 |
|
University of Manitoba |
Asper School of Business (2 years) |
765.26 per credit hour |
The annual cost of living in Canada ranges from CAD 18,000 to 20,000. Here’s the monthly breakdown of the same:
|
Category |
Cost (in CAD) |
|
Accommodation with utilities |
800-1200 |
|
Food |
300-400 |
|
Phone & Internet |
100-200 |
|
Entertainment |
50-100 |
|
Miscellaneous |
100-200 |
Navigate MBA Costs & Scholarships
Indian students can apply for a variety of MBA scholarships in Canada. The following table lists the most well-known scholarships along with the advantages they offer:
The University of Toronto's School is called the Rotman School of Management. This two-year MBA offers international students more than 100 elective courses. Below is a discussion of MBA scholarships offered by the University of Toronto.
|
Scholarships |
Eligibility |
Award |
|
Forte Fellowship Awards |
For women wishing to pursue business studies |
10,000 to 25,000 CAD |
|
Morning Awards |
Morning MBA students |
10,000 CAD |
|
Women in Business |
Academic excellence |
10,000 CAD |
|
Leadership & Strategy Award |
Academic excellence | Leadership skills |
20,000 CAD |
York University's school is called the Schulich School. There are about 17 different specializations available to MBA students.
|
Scholarships |
Eligibility |
Award |
|
International Global Scholars Award |
Entrance Award |
10,000 CAD |
|
Dean's International Scholarship |
Entrance Award |
6,000 CAD |
|
International Student Award |
Entrance Award |
5,000 CAD |
|
The Yuen Tse International Scholarship |
Entrance Award |
5,000 CAD |
|
Robert Krembil Scholarship of Merit |
Highest academic standing, communication skills, leadership ability, 2 years of work experience and community contributions |
80,000 CAD |
|
Goldberg Leadership Award of Excellence |
GPA of 6.0 or B+ on a 10.0 scale, leadership quality, innovative thinking, financial need, community involvement |
40,000 CAD |
The University of Western Ontario's school is called Ivey School. For overseas students, it provides an MBA curriculum lasting one year. Bloomberg Businessweek has ranked the MBA as the best for the previous eight years.
|
Scholarships |
Eligibility |
Award |
|
Ivey Admission Scholarships |
Completed scholarship section in MBA application form, 80% students are selected based on academic merit |
10,000 to 70,000 CAD |
The MBA at Alberta Business School can be finished in about 20 months. It is available as a regular program or as a combined degree. Most overseas students at the University of Alberta receive scholarships each year to pursue MBAs.
|
Scholarships |
Eligibility |
Award |
|
Entrance Awards |
Automatic consideration |
15,000 CAD |
|
Alberta Graduate Excellence Scholarship |
Academic excellence | GPA of over 3.3 |
12,000 CAD |
|
Michael Lang MBA Award (All Tracks) |
Full-time MBA student with a specialisation, Excellent academic records, prior work experience, competitive GMAT score |
10,000 CAD |
|
Claude Winspear MBA Award |
Leadership skills | Extracurricular activities (sports) | Community involvement |
10,000 CAD |
The University of British Columbia's School is called the Sauder School of Business. It holds the top ranking in Canada for its MBA and business courses.
|
Scholarships |
Eligibility |
Award |
|
Women in Business Leadership Scholarships |
Top applicants with demonstrated passion and commitment towards achieving gender equality |
10,000 to 60,000 CAD |
|
Responsible Business & Community Spirit Scholarship |
Meritorious students with strong background in social entrepreneurship, sustainability, and commitment |
10,000 to 60,000 CAD |
|
Hoegg Family MBA Scholarship |
Top female international applicant entering MBA program |
25,000 CAD |
|
Hari Varshney MBA Entrance Scholarship | Madhu Varshney MBA Entrance Scholarship |
International applicant with exceptional aptitude and academic excellence |
Up to 50% tuition fee |
|
International Talent Scholarships |
Talented international students with highest academic standards |
10,000 to 60,000 CAD |
The University of Calgary's Haskayne is its school. It provides Haskayne Business MBA Entrance Scholarships for MBA candidates, which are awarded based on academic achievement and competitive test results. The scholarships range from 1,500 to 20,000 CAD.
Numerous scholarships to study MBA in Canada are available through the Ontario Graduate Scholarship Program in a range of subject areas and academic levels. Many rewards are available to international students studying in Canada, but only a few are eligible for them. This scholarship can be used for two or three terms but not for more than one year.
Eligibility Criteria: The following qualifications are required to be eligible for the Ontario Graduate Scholarship Program for an MBA in Canada:
Most of Canada's leading colleges offer MBA programs without requiring a GMAT. In Canada, an MBA is a postgraduate program that lasts one to two years and offers a variety of specializations, including marketing, finance, and business analytics. Candidates are deemed eligible to apply for an MBA in Canada without taking the GMAT if they have finished a three- or four-year undergraduate degree in a relevant field from an accredited university with at least a 3.0 out of four GPA (83-86%).
Additionally, candidates must demonstrate that they have at least one to five years of professional experience in order to be eligible for a GMAT waiver at some MBA schools in Canada. The average tuition fee for attending Canada's best MBA schools without a GMAT score ranges from CAD 36,700 to CAD 112,250, or INR 22.2 Lakhs to INR 67.8 Lakhs. Candidates may earn a compensation of up to INR 93.2 lakhs (CAD 154,400) in exchange.
Top MBA Colleges in Canada without GMAT
|
Universities |
Program Offered |
Application Deadline |
Tuition Fee (CAD) |
|
York University |
2-year MBA |
January 17, 2024 |
117,850 |
|
Queen’s University |
1-Year MBA |
September 1, 2023 (closed) |
105,100 |
|
Western University |
Executive MBA |
October 16, 2023 |
119,900 |
|
McMaster University |
MBA with Co-op, MBA, Executive MBA, Blended Learning Part-time MBA |
August 1, 2023 (closed) |
113,300 |
|
HEC Montreal |
Executive MBA |
January 15, 2024 |
59,100 |
Cheapest MBA in Canada for International Students without GMAT
|
Universities |
Tuition Fee (CAD) |
Tuition Fee (INR) |
|
Wilfrid Laurier University |
49,738 |
30 lakhs |
|
Lakehead University |
42,000 |
25 lakhs |
|
New York Institute of Technology |
46,200 |
28 lakhs |
|
Thompson River University |
16,139 |
9 lakhs |
|
Vancouver Island University |
51,408 |
31 lakhs |
Process of Admission to MBA in Canada without GMAT
The MBA admissions process in Canada begins with multiple rounds sans the GMAT. Consequently, candidates are encouraged to pay attention to the application deadlines, particularly those who are applying to study abroad. It should also be mentioned that in order to receive a GMAT waiver, candidates must submit a compelling application outlining their professional background and outstanding academic record.
Top Paying Canadian MBA Industries
One of the greatest destinations in the world to get an MBA is Canada. The nation has first-rate educational facilities, but it also has outstanding scholarship programs that help many talented kids. At AbroAdvice, we assist students in assessing their chances of being accepted into Canada's top MBA programs. Our team of professionals is always searching for new ways to assist students in advancing in their academic careers.
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Canada is often regarded as the best destination for pursuing an MBA degree due to its renowned educational institutions, diverse student body, extensive networking opportunities, and strong industry connections. These provide students with a well-rounded and enriching educational experience that prepares them for global leadership roles.
The total cost of an MBA in Canada for Indian students encompasses various expenses, including tuition fees, accommodation, living expenses, textbooks, health insurance, and other miscellaneous costs, which typically range from CAD 30,000 to CAD 120,000, depending on the university, program duration, location, and lifestyle choices of the student.
Many Canadian universities understand the diverse backgrounds and experiences of prospective MBA students and offer alternative pathways to admission that do not require the GMAT exam. These pathways may include assessing applicants based on their work experience, academic achievements, professional certifications, and personal interviews.
The program fee for an MBA in Canada varies significantly across different universities and programs, reflecting factors such as reputation, accreditation, faculty expertise, study abroad opportunities, career prospects, and alumni networks. While some programs may have lower average tuition fees starting from CAD 20,000, others may have higher fees exceeding CAD 120,000,
The duration required to complete an MBA in Canada depends on various factors, such as the program structure, delivery format, specialization options, co-op/internship opportunities, and individual student pace. While most traditional full-time MBA programs are designed to be completed within 12 to 24 months, the majority of students graduate within 16 to 20 months.
Admission requirements for MBA in Canada typically include a bachelor's degree from a recognized institution, a competitive GMAT or GRE score, relevant work experience, letters of recommendation, a statement of purpose or essay, and proof of English language proficiency test for international students.
