MBA in Canada is available in 47 colleges and universities. 6 MBA Colleges in Canada rank under Top 100 in QS Global MBA rankings (2023). The average fees for MBA in Canada ranges between 30,000-40,000 CAD per year. With MBA scholarships or part-time jobs, you can reduce the overall cost to study MBA in Canada by 10,000 CAD.
The applications for MBA starts in September at the majority of Canadian colleges. Each college invites applications in multiple rounds and the final round deadlines are in March. To pursue higher education from MBA Colleges in Canada, an international student needs a GMAT score of 650-720 with an average work experience of 3 years.
MBA in Canada Universities
Top MBA Colleges in Canada
List of top MBA universities in Canada includes 8 colleges that rank under top 150 in QS MBA rankings, 2023. Some of the most popular and top MBA colleges in Canada along with course details are tabulated below:
| MBA Colleges in Canada | Course Name | Fees for Indian Students | Upcoming Application Deadlines |
|---|---|---|---|
| University of Toronto | Full-Time MBA | INR 39,55,385 | Round 2- January 13, 2023 | Round 3- March 6, 2023 | Round 4- April 28, 2023 |
| Queen’s University | Full-Time MBA | INR 60,99,454 | September 1, 2022 (Closed) |
| Western University | Full-Time MBA | INR 59,70,296 | Round 6- January 9, 2023 |
| McGill University | MBA in Business Analytics | INR 59,44,130 | January 15, 2023 | March 15, 2023 |
| York University | Full-Time MBA | INR 16,76,125 | January 18, 2023 | April 12, 2023 |
| University of British Columbia | Full-Time MBA | INR 53,79,945 | Round 2- January 10, 2023 | Round 3- March 14, 2023 |
| University of Alberta | MBA In Finance | INR 16,89,507 | March 1, 2023 |
| Concordia University | Full-Time MBA | INR 16,34,606 | September entry- March 1 | January entry- June 1, 2023 |
| Dalhousie University | Full-Time MBA | INR 11,90,030 | Round 2- December 1, 2022 |
| University of Montreal | Full-Time MBA | INR 17,94,780 | Round 2- January 15, 2023 | Round 3- March 15, 2023 |
| McMaster University | Full- Tima MBA | INR 21,82,939 | Round 2- December 1, 2022 | Round 3- February 28, 2023 |
| Brock University | Full-Tima MBA | INR 40,97,574 | March 1, 2023 |
| Saint Mary’s University | Full-Time MBA | INR 27,24,719 | 1 April 2023 |
| Simon Fraser University | Full-Time MBA | INR 36,73,519 | Round 1: November 24, 2022 | Round 2: January 29, 2023 |
| University of Victoria | Full-Time MBA | INR 27,40,913 | April 30, 2023 |
Note: The above-given table is arranged according to the ranks achieved by the universities by QS MBA rankings 2023. Other than the MBA colleges tabulated above, there are over 40 colleges. For the list of MBA colleges in Canada, click here!
MBA in Canada Specializations
MBA Courses in Canada
MBA programs in Canada are offered in various specializations through different Canadian universities. One of the most pursued MBA specializations in Canada is Finance. Some of Canada's top MBA universities with specializations include:
MBA in Finance in Canada
| Program | Annual Fees in CAD | Annual Fees in INR |
|---|---|---|
| MBA Management - Finance (McGill) | 98,878 CAD | 59.44 lakhs |
| MBA Financial Management (Carleton) | 41,786 CAD | 25.12 lakhs |
| MBA Finance (UAlberta) | 28,096 CAD | 16.89 lakhs |
| MBA Finance (Laval) | 18,665 CAD | 11.22 lakhs |
| MBA Financial Services (Dalhousie) | 19,430 CAD | 11.68 lakhs |
MBA in HR in Canada
| Program | Annual Fees in CAD | Annual Fees in INR |
|---|---|---|
| MBA Specialisation in HR Management (UofT) | 135,208 CAD | 81.28 lakhs |
| MBA in HR Management (Brock) | 68,086 CAD | 40.93 lakhs |
| MBA in Strategic HR Management (USaskatewan) | 54,645 CAD | 32.85 lakhs |
| MBA in HR Management (Ottawa) | 23,272 CAD | 13.99 lakhs |
MBA in Business Analytics in Canada
| Program | Annual Fees in CAD | Annual Fees in INR |
|---|---|---|
| MBA in Business Analytics (McGill) | 98,878 CAD | 59.44 lakhs |
| MBA in Business Analytics (McMaster) | 38,343 CAD | 23.05 lakhs |
| MBA in Business Analytics (UAlberta) | 23,772 CAD | 14.29 lakhs |
| MBA in Business Analytics (Laval) | 12,892 CAD | 7.75 lakhs |
| MBA in Business Analytics (Carleton) | 29,477 CAD | 17.72 lakhs |
MBA in Marketing in Canada
| Program | Annual Fees in CAD | Annual Fees in INR |
|---|---|---|
| MBA Management- Marketing (McGill) | 98,878 CAD | 59.44 lakhs |
| MBA Marketing Management (Laval) | 10,995 CAD | 6.61 lakhs |
| MBA Marketing (Brock) | 33,952 CAD | 20.41 lakhs |
| MBA Marketing (York) | 27,880 CAD | 16.76 lakhs |
| MBA with Marketing and Sales Specialization (Queen’s) | 12,842 CAD | 7.72 lakhs |
MBA in International Business in Canada
| Program | Annual Fees in CAD | Annual Fees in INR |
|---|---|---|
| MBA in International Business (UAlberta) | 28,096 CAD | 16.89 lakhs |
| MBA in International Business (URegina) | 31,190 CAD | 18.75 lakhs |
| MBA in International Business (York) | 82,858 CAD | 49.81 lakhs |
Check out the complete course guide of MBA specializations in Canada:
1 Year MBA in Canada
1 Year MBA in Canada
Allowing students to complete their MBA from Canada at an accelerated pace, within 12 months, one year MBA from Canada is now gaining popularity among those who seek to study abroad in the short-term. Another advantage of pursuing a one-year MBA from Canada is that it provides an immediate boost to your career without putting excessive strain on your finances.
| University | Programs | Annual Fees in CAD | Annual Fees in INR |
|---|---|---|---|
| Queen’s University | Full-Time MBA | 106,779 CAD | 64.19 lakhs |
| York University | Accelerated MBA | 115,130 CAD | 69.21 lakhs |
| University of Western London | Full-Time MBA | 42,053 CAD | 25.28 lakhs |
| McGill University | Full-Time MBA | 51,019 CAD | 30.67 lakhs |
| HEC Montreal | Full-Time MBA | 49,122 CAD | 29.53 lakhs |
MBA with Co-op in Canada
MBA with Co-op in Canada
MBA Co-Op programs in Canada are gaining popularity among international students. During the chosen program, Co-Op education provides a unique blend of study and work. Some of the universities with co-op MBA from Canada are:
| University | Programs | Annual Fees in CAD | Annual Fees |
|---|---|---|---|
| McMaster University | MBA Program | 35,632 CAD | 21.42 lakhs |
| Concordia University | M.B.A Investment Management | 18,498 CAD | 11.12 lakhs |
| University of Ottawa | MBA Program | 64,593 CAD | 38.83 lakhs |
MBA in Canada Requirements
MBA in Canada Requirements
Admission requirements to pursue MBA from Canada are competitive for Indian students, particularly in Tier 1 MBA colleges. The very basic requirement for all Canadian business schools is the completion of at least 16 years of education. The other eligibility for MBA from Canada for Indian Students is discussed below:
Admission Requirements: Document Checklist
- Undergraduate degree- with an average academic GPA of 3.3 (i.e 88%)
- English Language Test Score- IELTS score a minimum of 6.5
- Standardized Test Score- GMAT score with an average of 550
- Work Experience- Work Experience of minimum of 5 years
- SOP Requirements- Admission essays/ SOP for MBA
- Recommendation Letter- Minimum 2 LORs
- Visa Credential- Canada students visa, Copy of passport, Financial Statements from bank
MBA in Canada Admission Requirements for Indian Students
Admission requirements in top MBA colleges in Canada is similar in terms of academic requirements, that is GPA score of 3.5 or above in a 4-year UG degree. The requirements at Canadian universities vary in the form of work experience, average GMAT score for MBA, and IELTS score requirements. Based on the Class Profile of 2024, the average scores and work experience required for MBA in Canadian colleges is tabulated below:
| University Name | Average Work Experience for MBA in Canada | Average Test Scores for MBA in Canada |
|---|---|---|
| University of Toronto | 5 years | GMAT- 660 | IELTS- 7 |
| McGill University | 5 years | GMAT- 670 | IELTS- 7 |
| Western University | 4.8 years | GMAT- 680 | IELTS- 6.5 |
| Queen’s University | 4.4 years | GMAT- 600 | IELTS- 7 |
| York University | 5 years | GMAT- 550 | IELTS- 7 |
| University of Alberta | 5.4 years | GMAT- 550 | IELTS- 6.5 |
| University of British Columbia | 3 to 5 years | GMAT- 550 | IELTS- 7 |
| Concordia University | 6 years | GMAT- 580 | IELTS- 7 |
| McMaster University | 4 years | GMAT- 600 | IELTS- 7 |
Also Check:
Canada Student Visa
| Type | Canada Study Permit |
| How to Apply for Canada Student Visa? | Apply online for a study permit |
| Canada Student Visa Fees | CAD 150 |
| Canada Student Visa Processing time | Up to 13 weeks |
| Canada Student Visa Requirements | Valid Passport, Proof of Acceptance, Proof of funds, Passport-size Photographs, IME, IELTS Score, SOP |
Also Check:
MBA in Canada Cost
MBA in Canada Cost
MBA from Canada cost is approximately INR 80 lakhs (~130,000 CAD) for Indian students, including pre-arrival cost, tuition fees, and living expenses. The tuition fees takes up the largest share of the MBA cost in Canada. Though there are several low-cost MBA colleges in Canada, the tuition fees at Tier 1 & Tier 2 colleges is around INR 40 lakhs (66,000 CAD). The MBA fees in popular Canadian colleges is tabulated below:
| University | Annual Tuition Fees in CAD | Annual Tuition Fees in INR |
|---|---|---|
| Concordia University | 27,191 CAD | INR 16,34,606 |
| University of Alberta | 28,104 CAD | INR 16,89,507 |
| McGill University | 98,880 CAD | INR 59,44,130 |
| McMaster University | 33,331 CAD | INR 20,03,680 |
| Queen's University | 101,464 CAD | INR 60,99,454 |
| The University of British Columbia | 89,495 CAD | INR 53,79,945 |
| University of Toronto | 65,797 CAD | INR 39,55,385 |
| Western University | 99,315 CAD | INR 59,70,296 |
| York University | 27,882 CAD | INR 16,76,125 |
Cost of Living in Canada
The monthly cost of living in Canada for an international student ranges around 2,500 CAD i.e around ~1.5 lakhs. The cost of accommodation, books & materials, transport, food & beverages, etc make up the cost of living for an international student. Basic living expenses are as follows:
| Expense | Cost of Living in Canada in CAD | Cost of Living in Canada in INR* |
|---|---|---|
| Books and Material (yearly) | Up to 1,665 CAD | Up to 1 lakh |
| Health Insurance (monthly) | 550- 915 CAD | 33,000 to 55,000 |
| Food (monthly) | 250 CAD | 15,000 |
| Transport (monthly) | 30- 65 CAD | 2,000-4,000 |
| Entertainment (monthly) | 135 CAD | 8,000 |
| Phone & Internet (monthly) | 30 CAD | 2,000 |
*The cost of living in Canada may vary slightly depending upon the university and city the international student is living in. For details, click here
Also Check: MBA Colleges in Vancouver
Scholarships for MBA in Canada
To cover this financial requirement, some international students need financial assistance. The MBA scholarships in Canada generally provide around 10,000 to 20,000 CAD (~5.94 to 11.88 lakh INR) to the students to cover their tuition expenses. Some of the popular scholarships to study MBA in Canada for Indian students are tabulated below:
| MBA Scholarships in Canada | Eligibility | Benefits |
|---|---|---|
| Women in Business Excellence Award | Various categories including Certified WBE, Corporate member and Open to all | Up to 10,000 CAD |
| Sauder School of Business Entrance Scholarship | Awarded to candidates with the potential to make lasting impressions to Sauder’s global brand. | CAD 10,000 to CAD 15,000 |
| Hari Varshney MBA Entrance Scholarship | Preferably international students with excellent academic scores and aptitude | Up to 50% tuition fees |
| Madhu Varshney MBA Entrance Scholarship | International students demonstrating aptitude and academic merit | Up to 50% tuition fees |
| Concordia Merit Scholarship | Based on academic merit | 10,000 |
| MBA Admission Awards | Full-time MBA students at Degroote School of Business are automatically considered | 2,500-30,000 CAD |
| Ontario Graduate Scholarship Program | Students enrolled in graduate studies in doctoral or master’s level at one of the 19 selected Ontario institutes | 5,000 per term up to a maximum of CAD 15,000 per academic year. |
| Rotman School of Management Scholarships | All students admitted to Rotman School of Management are automatically considered for Rotman Entrance Awards and Fellowships | Five Women in Business Excellence Awards of CAD10,000 Two Morning MBA Excellence Awards of CAD20,000 |
| Alberta MBA Scholarships | High academic achievements, Excellence outside the classroom is also considered and GMAT Score | CAD 10,000 |
| Schulich School of Business Scholarships | Offered to full-time students at Schulich based on their merit and academic performance | CAD 20,000 to CAD 33,000 |
| Ivey MBA Scholarships | Based purely on merit and leadership qualities | Amounts ranging from $10,000 to half tuition |
| Haskayne School of Business MBA Entrance Scholarships | Award is based on merit and takes into account GPA and GMAT scores. | CAD 5,750 per year or CAD 11,500 for two years |
MBA in Canada PR Rules
MBA in Canada PR Rules
MBA in Canada graduates have a significant advantage in obtaining Canada PR. As per the regulations:
- You must have spent a minimum of 730 days in Canada, in the previous five years.
- The 730 days do not mandatorily have to be consecutive.
- Based on the condition, some of your time abroad may count toward the 730-day requirement.
Also Check: Total Cost for Canada PR from India
How to complete 730 days in Canada?
With a two-year MBA program in Canada, you can expect a work permit in Canada for up to three years, as a PGWP holder. Graduates can apply for Canadian permanent residency during these working years if they have the required number of years of experience.
MBA in Canada Salary
MBA in Canada Salary
MBA in Canada graduates can earn an average salary of 133,003 CAD per year. The highest-paying MBA specialization in Canada includes Finance, Operations, and Information Technology. As per the reports of glassdoor, the MBA Salary in Canada includes:
- Average MBA Salary in Canada: 66,000 CAD per year
- Minimum MBA Salary in Canada: 45,000 CAD per year
- Highest MBA Salary in Canada: 45,000 CAD per year
Placements at MBA Colleges in Canada
| University | Average salary in Canada after MBA |
|---|---|
| Western University | 117,997 CAD |
| University of Victoria | 104,00 CAD |
| York University | 94,200 CAD |
| University of British Columbia | 92,084 CAD |
| Queen’s University | 92,084 CAD |
| University of Toronto | 87,000 CAD |
| Concordia University | 86,000 CAD |
| McGill University | 85,500 CAD |
| University of Manitoba | 80,000 CAD |
| University of Alberta | 79,000 CAD |
MBA in Canada Comparison
MBA in Canada Comparison
Pursuing MBA in Canada for Indian students is quite affordable as an enormous gap of 7-11 lakhs can be observed when compared to USA and UK universities. Easy post-work visas, affordable universities, increased SMEs, and startups are some of the major reasons why Indians prefer to study in Canada over the USA and UK.
MBA in Canada vs MBA in USA
| Parameter | MBA in USA | MBA in Canada |
|---|---|---|
| Duration | Between 18 months to 24 months | Between 12 months to 24 months |
| Average tuition fees | 53,000 USD/year | 33,000 USD/year |
| Cost of living | USD 2500- 3000 per month | USD 1500-2000 per month |
| Financial Support | Scholarships, fellowships, loan, work-study | Scholarships, fellowship, loan, work-study |
| Visa | F-1 visa | Study-permit |
| Average salary | USD 110,000-115000 | USD 87,000-90,000 |
| Top Specialisations | Accounting, project management, business analytics, entrepreneurship, operations | Finance, Business Analytics, Supply Chain Management, Health Science |
| Exams accepted | GMAT- Average 560 | GMAT- Average 550 |
| English language proficiency tests | IELTS- average 7.0 | TOEFL iBT- average 100 | IELTS- average 6.5 | TOEFL iBT- average 90 |
Also Check: MBA in USA
MBA in Canada vs MBA in UK
| Parameter | MBA in UK | MBA in Canada |
|---|---|---|
| Duration | Between 12 months to 21 months | Between 12 months to 24 months |
| Average tuition fees | 68,413 USD/year | 33,000 USD/year |
| Cost of living | USD 1,500- 2500 per month | USD 1500-2000 per month |
| Financial Support | Scholarships, fellowships, loan, work-study | Scholarships, fellowship, loan, work-study |
| Visa | Tier 4 UK Student Visa | Study-permit |
| Average salary | USD 72,400- 90,000 | USD 87,000- 90,000 |
| Top Specialisations | General Management, Marketing, Human Resources, Entrepreneurship | Finance, Business Analytics, Supply Chain Management, Health Science |
| Exams accepted | GMAT- Average 550 | GMAT- Average 550 |
| English language proficiency tests | IELTS- average 6.0 | TOEFL iBT- average 80 | IELTS- average 6.5 | TOEFL iBT- average 90 |
Also Check: MBA in UK
MBA in Canada vs MBA in Australia
| Parameter | MBA in Australia | MBA in Canada |
|---|---|---|
| Duration | Between 15 months to 24 months | Between 12 months to 24 months |
| Average tuition fees | 51,500 USD/year | 33,000 USD/year |
| Cost of living | USD 1,900- 3,000 per month | USD 1,500-2,000 per month |
| Financial Support | Scholarships, fellowships, loans, work-study | Scholarships, fellowships, loans, work-study |
| Visa | Subclass 500 | Study-permit |
| Average Salary | USD 51,212- 82,700 | USD 87,000- 90,000 |
| Top Specialisations | Strategy & Leadership, International Business, Marketing, HR Management | Finance, Business Analytics, Supply Chain Management, Health Science |
| Exams accepted | GMAT- Average 550 | GMAT- Average 550 |
| English language proficiency tests | IELTS- average 6.5 | TOEFL iBT- average 90 | IELTS- average 6.5 | TOEFL iBT- average 90 |
Also Check: MBA in Australia
MBA in Canada FAQs
MBA in Canada FAQs
Ques. How long is the MBA program in Canada?
Ans. Course duration of Full-time MBA in Canada is 2 years. Some universities offer accelerated MBA programs that get completed in 18 months. B-Schools like Ivy Business School run One year MBA programs too. Students get a work visa for one-year post completion of the degree. Check the list of institutions offering one-year MBA programs in Canada.
Ques. Which MBA is best in Canada?
Ans. Rotman School of Management’s MBA program is the best-ranking MBA in Canada. It is ranked #41 in the world and #1 by QS. Canada in QS. Including this, the best 10 MBA colleges in Canada are tabulated below:
| School | QS MBA Ranking 2023 |
|---|---|
| University of Toronto (Rotman) | 41 |
| Western University (Ivey) | 69 |
| McGill University (Desautels) | 73 |
| Queen’s University (Smith) | 76 |
| University of British Columbia (Sauder) | 92 |
| York University (Schulich) | 98 |
Ques. Is work experience necessary for MBA in Canada?
Ans. No, work experience is not mandatory in every MBA college in Canada. There are few MBA in Canada colleges that accept students without work experience for MBA. Some of these are:
- University of Windsor
- Brock University
- Dalhousie University
- Vancouver Island University
- Queen’s University
- York University
In top colleges like University of Toronto as well, work experience is a recommended requirement. This indicates that fresh graduates with strong academic backgrounds and test scores can apply for MBA at UofT without work experience.
Ques. Is GMAT required for MBA in Canada?
Ans. No GMAT is not compulsory for MBA in Canada. This norm was more relaxed after the COVID outbreak. But, having a score opens options for the candidates. Most B-Schools don’t have any minimum score requirement, but the average score can be accessed from the class profile of the respective school. Check Here the list of Canadian colleges offering MBA without GMAT.
Ques. Which MBA specialization is in demand in Canada?
Ans. The top specialization in Canada to pursue is Finance. As per Rotman School of Management’s employment and salary report, 31% of Full Time MBA grads got placed in Finance domain with a median salary of CAD 88,500. Followed by, 25.8% in Strategy & Consulting.
Ques. How to get admission in Canada for MBA?
Ans. To get admission in MBA in Canada, students need to apply directly to the colleges. Check here the list of MBA Universities in Canada. The documents required are listed below. The documents below are tentative and are not required by all colleges. For ex. There are many colleges offering admission in MBA without GMAT in Canada.
- Undergraduate Degree - Minimum GPA for top B-Schools is 3.0 or 73-76%
- GMAT Score - No Minimum Score is Required but can vary as per batch profile.
- Work Experience - Minimum 2 Years is Required
- Professional References
- Video Interview & Essay - To be uploaded with two photographs
- English Proficiency Test - IELTS Score above 7.0 (not required if the degree was done in English medium)
- Interview - An interview with someone from Admission Committee is the last leg of the process.
Ques. Is Indian MBA valid in Canada?
Ans. Yes, an MBA from India is valued in Canada. The best universities in India offer MBAs that are highly valued abroad. A few institutes, such as IIM Ahmedabad, IIM Bangalore, ISB Hyderabad, and others, are internationally recognized as being among the top 100 MBA programs in the world.
Ques. What exam is required for MBA in Canada?
Ans. GMAT score is required for top MBA in Canadian colleges. A minimum GMAT score of 550 is a requirement, especially if you are a fresher. Checkout Average GMAT scores for MBA colleges in Canada.
Ques. What is the scope of MBA in Canada?
Ans. MBA graduates earn an average of 66,000 CAD per year. However, the average salary of an MBA in Canada graduate may vary depending on the province in which you find work, the specialization of their MBA, and, work experience. Some of the top recruiters for MBA in Canada are:
| Employer | Average Annual Salary |
|---|---|
| Goldman Sachs | 93,000 CAD |
| Amazon | 145,500 CAD |
| HSBC | 108,000 CAD |
| RBC Asset Management | 117,000 CAD |
| KPMG, LLP | 141,720 CAD |
Ques. What Can I study after MBA in Canada?
Ans. After completing your MBA from Canada, graduates mainly seek employment. Around 10% of graduates planning to study further either opt for Ph.D courses or graduate certificate courses. PhD in Canada is comparatively more popular after MBA in Canada for Indian students.
Ques. How much work experience is required for MBA in Canada?
Ans. Most of MBA Colleges in Canada require 2-3 years of work experience. However, the average work experience of students admitted to an MBA in Canada is 5 years. Check here the average work experience of MBA students in Canadian Colleges.
Ques. Which is better PGDM or MBA in Canada?
Ans. PGDM in Canada is better if you are seeking Canada PR. The cost for PGDM will be comparatively less than MBA from Canada. Other than this, the two courses are totally different from each other as PGDM is diploma program and MBA is a degree course.
Ques. Is IELTS score enough for MBA in Canada?
Ans. Yes, an IELTS score is enough to prove proficiency in English for MBA in Canada. The minimum band score for IELTS is 6.5 bands for MBA courses in Canada.
Ques. What percentage is required for MBA in Canada?
Ans. A minimum of 80% is required for MBA in Canada. This is equivalent to GPA of 3.0. Mentioned below is the percentage required in top MBA colleges in Canada
| University Name | Percentage Required for MBA in Canada |
|---|---|
| University of Toronto | 91% |
| Queen's University | 89% |
| Western University | 88% |
| McGill University | 88% |
Ques. How to apply for MBA scholarship in Canada?
Ans. Students can apply directly on the website of the business school for MBA scholarships in Canada. To apply for MBA scholarships in Canada, follow these steps:
- Visit the official websites of the university
- Go through the eligibility requirements
- Collect all of the necessary documentation
- Take the necessary tests (GMAT, IELTS)
- Wait for a response from the university.
Ques. How to get a job in Canada after MBA from India?
Ans. Chances are significantly less, an Indian MBA degree is generally not considered, except few from Tier 1 MBA Colleges. If the objective is to get PR in Canada, then a PG Diploma is suggested to get PR and a work permit. Know more about PG Diploma in Canada here!
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