Canada is home to some of the finest business schools globally, offering top-tier education and opportunities for aspiring business professionals. Business schools in Canada, such as the renowned Rotman School of Management at the University of Toronto and the prestigious University of British Columbia, excel in innovation, research, and entrepreneurship. Explore the best business schools in Canada for a transformative academic journey and a promising career ahead in the competitive world of business.
Top Business Schools in Canada
The top business schools in Canada are renowned for their academic rigor, innovative learning methods, and impressive job placement rates. Institutions like the Rotman School of Management at the University of Toronto, Ivey Business School at Western University, and Schulich School of Business at York University, to name a few, consistently rank high in global business school rankings.
These top business schools of Canada offer a wide array of programs, including MBAs, specialized master's degrees, and executive education programs, designed to cater to a diverse set of learners - from fresh graduates to seasoned professionals. Studying at these esteemed business schools in Canada equips students with the practical skills and strategic thinking necessary to navigate today's dynamic business environment, making them highly sought-after by employers worldwide.
| College | Annual Fees Range (CAD) | QS Ranking |
| University of Toronto | $30,000 to $60,000 | 21 |
| McGill University | $20,000 to $50,000 | 30 |
| University of British Columbia | $35,000 to $65,000 | 34 |
| Queen’s University | $30,000 to $55,000 | 209 |
| York University | $35,000 to $65,000 | 353 |
1. Rotman School of Management - University of Toronto
The Rotman School is part of the University of Toronto. It is a global center of research and academic excellence located at the heart of Canada’s multicultural commercial capital. Rotman is considered a catalyst for transformative learning, insights, and public engagement, bringing together diverse views and initiatives around a defining purpose: to create value for business and society. The Rotman School of Management at the University of Toronto is a prestigious institution known for its top-ranking business programs.
Why choose Rotman School of Management?
- Acceptance Rate: The acceptance rate for Rotman Commerce, one of the programs at the school, is highly competitive, with rates varying from less than 20% to just over 33% depending on the specific program.
- Admission Requirements: Prospective students need to meet certain criteria such as a strong GPA (mid to high 80s), completion of specific courses, and submission of a supplemental application that includes written and video responses.
- Programs Offered: Rotman School of Management offers various programs including Full-Time MBA, Master of Finance, Master of Management Analytics, and more, catering to different needs and interests.
- Cost of Attendance: The cost of pursuing education at Rotman is relatively high compared to other top business schools in Canada. The cost of attending the Rotman School of Management which is one of the top business schools in Canada is relatively high compared to other top business schools in Canada. For the MBA program, the estimated tuition fees for the Class of 2026 are $31,293 to $45,470 per year, totaling $93,879 for the entire program. Additionally, the cost of attendance includes expenses beyond tuition, which can amount to approximately 13 to 17.93 lakhs INR per year for international students.
Rotman School of Management at the University of Toronto is a highly esteemed institution with competitive acceptance rates, rigorous admission requirements, a variety of programs, and a reputation for producing successful business professionals.
Admissions Requirements
Here are the basic admissions requirements :
- Educational Qualifications: Applicants need a four-year undergraduate degree (bachelor's or equivalent) from a recognized institution with a GPA requirement of 3.1 out of 4.0 or equivalent. For master's degree holders, a GPA of 3.8 out of 4.0 is required.
- Work Experience: A minimum of two years of postgraduate work experience is mandatory for applicants.
- Test Scores: A GMAT score of 674 and GRE scores is necessary for admission. Non-native English speakers must provide TOEFL or IELTS scores, or equivalent English proficiency test scores.
- Fees: The annual fees for programs at the University of Toronto may vary depending on the specific program. Generally, MBA programs at Toronto fall from 44527 CAD to 67615 CAD. The application portal is online with an application fee of 195 CAD.
- Other Documents: Applicants are required to submit a Curriculum Vitae (CV), Identification ID (front and back side) or passport, Academic Documents, Work Experience Documentation, and Financial Documentation.
2. Desautels Faculty of Management - McGill University
Desautels Faculty of Management is located in the heart of Montreal and is ranked 71 out of 240 MBA programs by QS 2020 Global MBA rankings. They are dedicated to economic and social value creation and believe in taking an integrated, worldly, ethical, and lifelong approach to their education. Desautels is a hub for entrepreneurship and social enterprise, having a dedicated center called McGills centre for Entrepreneurship.
Since its inception, they have trained and mentored 2600 entrepreneurs, raised $110 million, and has 125 active start-ups. The school is one of the best business schools in Canada. They have exceptional employment statistics, 85% of their MBA graduates get employed within 3 months of their graduation and earn an average base salary of $87,661. Their graduates work in top companies like Pepsico Co, Amazon, Facebook, Google, the United Nations, etc.
Why choose Desautels Faculty of Management?
Here are some key points to consider when choosing Desautels Faculty of Management:
- Acceptance Rate: Desautels Faculty of Management at McGill University has a competitive acceptance rate, with rates varying depending on the specific program. The school attracts top talent, making the admissions process highly selective.
- Admission Requirements: Prospective students applying to Desautels Faculty of Management need to meet specific criteria, including a strong academic record, completion of prerequisite courses, and submission of a comprehensive application package that may include written essays, letters of recommendation, and more.
- Programs Offered: Desautels Faculty of Management offers a diverse range of programs such as the MBA program, Master of Management in Analytics, Bachelor of Commerce, and more. These programs cater to different educational backgrounds and career aspirations.
- Cost of Attendance: The cost of attending Desautels Faculty of Management is an important consideration for prospective students. While the tuition fees may vary based on the program and residency status, it's essential to factor in the overall cost of living in Montreal.
Admissions Requirements
Here are the basic admissions requirements :
- Educational Qualifications: Prospective students applying to Desautels Faculty of Management need to have a four-year undergraduate degree (bachelor's or equivalent) from a recognized institution. The GPA requirement is typically around 3.1 out of 4.0 or equivalent, with variations based on specific programs and academic backgrounds.
- Work Experience: Desautels Faculty of Management typically requires applicants to have a minimum of two years of postgraduate work experience. This work experience helps candidates bring practical insights and perspectives to the academic environment.
- Test Scores: Desautels Faculty at McGill University mandates GMAT/GRE for its MBA, with an average GMAT of 680. Minimum TOEFL 100 and IELTS 7.0 required. Applications must include resume, essays, references, transcripts, CV, and, if needed, English proficiency scores.
- Fees: The tuition fees for programs at Desautels Faculty of Management may vary based on the specific program and residency status. The Full-Time MBA program has a tuition fee of CAD 99,500 for international students,
Students applying to programs at the Rotman School of Management which is one of the best business schools in canada must carefully prepare and submit a range of documents as part of the application process. It's essential to adhere to specific requirements outlined by the university for both domestic and international applicants.
3. Schulich School of Business - York University
Global, innovative, and diverse, the Schulich School of Business is rated among the world’s leading business schools having Overseas campuses in Hyderabad, India, and Beijing, China, as well as Satellite Centres in Beijing, Shanghai, Mumbai, Seoul, Sao Paulo, and Mexico City. They rank 1st in the world in teaching responsible business by the Corporate Knights. 55% of their student body consists of international students making it a diverse and inclusive environment. Schulich believes that Business in today’s world is global and gives a lot of emphasis on global reach, innovative programs, and diverse perspectives on management and leadership.
Why choose Schulich School of Business?
Here are some key points to consider when choosing Schulich School of Business:
- Acceptance Rate: The Schulich School of Business has a competitive acceptance rate, with an undergraduate acceptance rate of around 30% and a Full-Time MBA acceptance rate of approximately 27%.This indicates a selective admissions process, reflecting the school's high standards and competitiveness.
- Admission Requirements: Prospective students applying to the Schulich School of Business need to meet specific criteria, including a strong academic record and, for the MBA program, an average GMAT score requirement of 660. These requirements ensure that admitted students are well-prepared for the rigorous academic environment.
- Programs Offered: The Schulich School of Business offers a variety of programs, including the MBA program, undergraduate programs like the BBA, and specialized master's programs in areas such as finance, marketing, and international business. This diverse range of programs caters to different educational backgrounds and career aspirations.
- Cost of Attendance: The cost of attending the Schulich School of Business is an important consideration for prospective students. For the 2023/2024 academic year, the tuition fees are $9,781 for domestic students and $36,722 for international students. It's essential to factor in these costs along with other expenses like living costs.
Admissions Requirements
Here are the basic admissions requirements :
- Educational Qualifications: Prospective students applying to Schulich School of Business - York University are required to possess a four-year undergraduate degree (bachelor's or equivalent) from a recognized institution. The GPA requirement typically hovers around 3.1 out of 4.0 or equivalent, although specific programs may have variations based on academic backgrounds.
- Work Experience: Schulich School of Business which is one of the best business schools in canada generally expects applicants to have a minimum of two years of postgraduate work experience. This prerequisite aims to enrich the academic environment by bringing practical insights and experiences to the classroom.
- Test Scores: The Schulich School of Business requires a GMAT (average score 636) or GRE for MBA admissions, alongside a resume, essays, references, transcripts, and English proficiency scores (IELTS minimum 7.0, TOEFL minimum 100) for non-native speakers, with four admission rounds annually.
- Fees: The tuition fees for programs at Schulich School of Business vary based on the specific program and residency status. For instance, the Full-Time MBA program at Schulich School of Business has a tuition fee of CAD 99,500 for international students.
4. Smith School of Business - Queen’s University
Smith School of Business, located in Kingston, Ontario, has earned international recognition for its innovative approaches to business education and has been a pioneer in the areas of team-based and experiential learning. The academic integrity of Smith is constituted by the five core fundamental values of honesty, trust, fairness, respect, and responsibility. Smith School is one of the very best business schools in Canada.
Why choose the Smith School of Business?
Here are some key points to consider when choosing top business schools in Canada:
- Acceptance Rate: The Smith School of Business at Queen's University has a competitive acceptance rate, with rates varying depending on the program. The school attracts top talent, ensuring a selective admissions process.
- Admission Requirements: Prospective students applying to the Smith School of Business need to meet specific criteria, including a strong academic record, completion of prerequisite courses, and submission of a comprehensive application package that may include written essays, letters of recommendation, and more.
- Programs Offered: The Smith School of Business offers a diverse range of programs, including the MBA program, Master of Finance, Master of Management Analytics, and more. These programs cater to different educational backgrounds and career aspirations.
- Cost of Attendance: The cost of attending the Smith School of Business is an important consideration for prospective students. While tuition fees may vary based on the program and residency status, it's essential to factor in the overall cost of living in Kingston, Ontario.
Admissions Requirements for Smith School of Business
Here are the basic admissions requirements for the Smith School of Business :
- Educational Qualifications: Prospective students applying to the Smith School of Business (top business schools in Canada) are required to possess a four-year undergraduate degree (bachelor's or equivalent) from a recognized institution. The GPA requirement typically hovers around 3.1 out of 4.0 or equivalent, although specific programs may have variations based on academic backgrounds.
- Work Experience: Schulich School of Business generally expects applicants to have a minimum of two years of postgraduate work experience. This prerequisite aims to enrich the academic environment by bringing practical insights and experiences to the classroom.
- Test Scores: he Smith School mandates GMAT/GRE for PhD and MBA programs, with some waivers and exceptions. TOEFL score of 100+ is required for international MBA applicants. No GMAT/GRE needed for MS programs.
- Fees: The tuition fees for programs at Smith School of Business which is one of the best business schools in Canada vary based on the specific program and residency status. For instance, the Full-Time MBA program at Smith School of Business has a tuition fee of $99,500 for international students.
5. UBC Sauder School of Business - University of British Columbia
Located in Vancouver, Canada’s gateway to the Pacific Rim, UBC Sauder provides a global business perspective at a dynamic crossroads of the international marketplace. Sauder’s vision and academic purpose embrace excellence in research, learning, and engagement for fostering global citizenship and creating a sustainable and just society. Sauder, one of the best business schools in Canada, focuses on forming a close-knit community with peers. Its student body is diverse, and the teaching methodology is cross-cultural. According to QS Global 250 Business Schools Report 2017, UBC Sauder is ranked 16 for business research excellence in North America. UBC Sauder, a standout among business schools in Canada, equips students with vast amounts of career development opportunities, from international trips to networking events, making it one of the premier institutions for business education in Canada.
Why Sauder School for MBA?
- Acceptance Rate: The UBC Sauder School of Business has a competitive acceptance rate, with rates varying depending on the specific program. The school attracts a diverse pool of applicants, making the admissions process selective and competitive
- Admission Requirements: Prospective students applying to the UBC Sauder School of Business need to meet specific criteria, including a strong academic record, completion of prerequisite courses, and submission of a comprehensive application package that may include written essays, letters of recommendation, and more
- Programs Offered: The UBC Sauder School of Business offers a wide range of programs, including the Bachelor of Commerce program that helps students develop their skills and make themselves marketable to employers. Additionally, the school offers a multicultural MBA program with a specific Ch’nook indigenous business education program aimed at sustainable business development.
- Cost of Attendance: The cost of attending the UBC Sauder School of Business is an important consideration for prospective students. While tuition fees may vary based on the program and residency status, it's essential to factor in the overall cost of living in Vancouver, where the school is located
Admissions Requirements for UBC Sauder School of Business
- Educational Qualifications: Prospective students applying to UBC Sauder School of Business are required to hold a four-year undergraduate degree (bachelor's or equivalent) from a recognized institution. The GPA requirement typically ranges around 3.1 out of 4.0 or equivalent, although specific programs may have variations based on academic backgrounds.
- Work Experience: UBC Sauder School of Business generally expects applicants to have a minimum of two years of postgraduate work experience. This requirement aims to enrich the academic environment by bringing in practical insights and experiences.
- Test Scores: Similar to other top business schools in Canada, applicants to UBC Sauder School of Business are usually asked to submit GMAT or GRE scores. The English proficiency requirements such as IELTS 6.5 or TOEFL IBT 90 overall is a must.
- Fees: The tuition fees for programs at UBC Sauder School of Business vary based on the specific program and residency status. The annual fees for programs at the University of British Columbia may vary depending on the specific program. Generally, MBA programs in Canada fall within the range of 72562 CAD.
- Other Documents: In addition to academic qualifications and test scores, applicants to UBC Sauder School of Business are typically required to submit a comprehensive application package that includes a Curriculum Vitae (CV), identification documents, academic transcripts, details of work experience, and financial documentation.
Job Opportunities in Canada for Master's Graduates
When considering job opportunities after completing masters in top business schools in Canada, there are several key points to note:
- Job Demand: Canada offers a wide range of job opportunities for master's graduates, with sectors like primary production management, healthcare (physicians, dentists, nurses), information security analysis, marketing analysis, engineering (mechanical, civil, computer science), financial analysis, education management, logistics, accounting, tourism and hospitality management, and office administration showing good demand.
- Work Permit: After completing a master's degree in Canada, students can apply for the Post-Graduate Work Permit Program (PGWPP) within 90 days after graduation. This program allows graduates to work for a period equal to the length of their program and for a maximum of 3 years. Gaining work experience through this permit can be beneficial for obtaining Permanent Residency (PR) in Canada
- Salary Ranges: Various professions in Canada offer competitive salaries for master's degree holders. For instance, physicians and dentists have an average salary of C$142,000, while financial analysts earn around C$56,128. The salaries may vary based on location and specialization
- Language Skills: Proficiency in English is crucial for securing jobs in most parts of Canada. While English is widely spoken across the country, regions like Quebec may require knowledge of French. Learning French can be advantageous for those interested in working in such areas.
Job Titles and Average Annual Salary (INR) after compleitng masters from top business schools of Canada -
| Job Title | Average Annual Salary (INR) |
|---|---|
| IT Analyst | INR 45,51,000 - INR 57,65,000 |
| Social Worker | INR 36,81,000 - INR 48,55,000 |
| Software Engineer | INR 48,55,000 - INR 60,08,900 |
| Data Science Engineer | INR 55,83,000 - INR 63,72,000 |
| Psychologist | INR 27,31,000 - INR 45,51,000 |
| Public Health Advisor | INR 33,55,000 - INR 51,58,000 |
Overall, pursuing a master's degree in Canada opens up diverse job opportunities across different sectors with the potential for career growth and obtaining a Permanent Residency in the country.
Conclusion
These top business schools in Canada are not only the most elite and best in Canada, but are also recognized globally for their excellent academic life, and glorious and outstanding quality of education. The business schools in Canada value academic freedom, excellence, and innovation. The quality of teaching and research infrastructure of these business schools in Canada is well-respected all across the globe. Hover MiM-Essay to clear any doubts as being a student in any business school in Canada, you’ll be encouraged to carry out novel research and to share your ideas on important issues.
