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MBA in Canada: Top Colleges, Eligibility, Fees, and More

Know your chances of getting in the Best Colleges for MBA in Canada


Residence to above 92 universities and 175 technical institutes and colleges with a multitude of professional, academic and vocational programs, Canada is amidst one of the best five destinations world-wide to seek higher education in MBA universities. The business programs, particularly to study Canadian MBA (business administration) or executive MBA course in Canada, is the most popular and extremely acknowledged globally. A degree in business provides students with a thorough knowledge of the business atmosphere and, furnishes them with technical skills and self-confidence to adequately and competently execute tasks and adjust to the ever-dynamic business circumstances.

Why Study MBA in Canada?

  • In the top 200 QS ranking universities of 2022, 13 Canadian universities were ranked as best MBA college or executive MBA universities globally.  
  • A MBA course or executive MBA degree is one of the most sought after degrees in Canada with highest graduate salaries. The return on investment for the degree is appreciable as the students pay off their loans easily.  
  • Simpler Visa & Immigration Process:- It has a very simple visa for Indian students and the immigration process which is quite a tussle for students is easy for Indian and international students. As a student applying for MBA college, an easy immigration and Visa process will be a benefiting factor.   
  • The sector of finance in Canada is strong with a constant growth of 11.6% within a span of the past ten years. Such a sector is very much evolving with MBA and executive MBA graduates from MBA universities, as it constitutes a fundamental business sector. With support towards SMEs and start-ups, early start up careers and entrepreneurship are always suitable for an MBA graduate in Canada.

Benefits of Studying an MBA in Canada

MBA/Business administration schools offer full time, part time and executive MBA in Canadian University is inexpensive and provide globally acknowledged degrees. Admissions and international student visa procedures are quite manageable. Business courses offered by Canadian university heighten the career possibilities and earning probability. Universities here concentrate primarily on strengthening the foundation and encourages students to explore all the limitations of the business ambiance.
The program curriculum at Canadian universities comprises of various internship programs. They help international students to acquire knowledge in the business world.

Full-Time MBA in Canada

Through a Masters in Business Administration and the diversity of Canada and multiculturalism, a student is prepared for the job market. 

  • The course of MBA is of two years for the duration, and the students can consider full-time. 
  • The students who wish to gain knowledge and study for the duration of two years, this full-time course is an ideal opportunity for you.
  • MBA programs require GMAT and IELTS scores from the applicants to determine the knowledge of the candidate and the language proficiency of the candidate. 

MBA in Canada for Indian Students: Admission Requirements

The basic requirements of the degree for studying Canadian MBA or executive MBA in Canada for International students are varied and the applicants must adhere to these requirements. Many students must be aware of these basic requirements and the eligibility criteria to study MBA. Given below are the details of prerequisites of international students and they must be aware of these while applying to an executive MBA or MBA college in Canada. 

The eligibility criteria of GMAT scores, work experience, and academic scores, are integral eligibility criteria. But there are other universities that offer MBA or executive MBA without GMAT and less or no work experience. 

Online Application:- Each university has an application portal wherein the candidates need to register and fill in their application form. The portals are easy to access and students can access these portals to fill in the applications. 

Application Fee:- After completing these application forms, obviously the application fee has to be submitted. The fees are in CAD and the international applicants. The fees can be paid through a credit card, and it is non-refundable after you submit the application form.     

MBA in Canada Eligibility

A 4-year undergraduate degree is a must for International applicants to be taking admission in MBA or executive MBA. Also, the different GMAT scores, Work experience, and English Language Proficiency Test are needed to be eligible for admission in executive MBA or MBA in Canada. Many Universities also have interviews as part of their application program and the applicants must clear these as well. Almost every B-schools in Canada require 7.0 bands in IELTS and 100 in TOEFL.

MBA in Canada without GMAT

GMAT- Graduate Management Admissions Test is the foremost score every university requires out of the candidates. GMAT is mandatory in most colleges but if you don’t wish to give such exams, you can opt for the universities which do not require them. Many Universities make their admission decisions, based on students’ analytical, decision-making, communication, and leadership skills through education and work experience.

Such students who have other skills to show and have a business background must meet these requirements. The top universities of the Schulich School of Business, York University, Queen’s University Smith School of Business, and many others are among the universities which do not require a GMAT prerequisite from their candidates for studying MBA. 

MBA Requirements in Canada

  • Transcripts:- An official transcript of records must be submitted with scanned copies through an online application portal. 
  • Resume:- A one-page resume with details of the candidate’s whole academic and professional history specifically, just be there.
  • Letters of Recommendation/ Reference Letter:- Letter of recommendations are written by employers and close academic recommenders as they are the source of the admissions committee knowing the candidate. University requires 2-3 letters of recommendation out of the candidates.  
  • Essays:- Essays are a source of delivering one’s interest in the college and presenting thought processes to the admissions committee. The essays must dictate the motivation and purpose for the program, Canada and career direction, etc. The admissions committee judges the overall profile of the candidate on these bases. 
  • Test Score/Exams: GMAT and IELTS/TOEFL are the significant tests for studying in Canada. International students who don’t get a waiver or are Non-English speakers must give these exams and present their scores. 
  • Work Experience:- Master’s in Business Administration is a course that requires two years of full-time experience from the candidates. 
  • Interview:- After clearing all the rounds of application, the interview is the most significant part of an MBA college application as candidates are judged on the basis of then. The Interviews are conducted online by a member of the admissions committee panel and they judge the answers of the candidate accordingly. 
  • Visa:- Visa process is integral for immigration and the applicants will be assessed for a student Visa. The students must show their offer letter for the designated course and obtain a Visa. 

Eligibility Criteria

Undergraduate Degree:

Nearly all Canadian Business Schools need 16 years of undergraduate education. A four-year degree following high school or junior college is mandatory.
Almost all business schools in Canada need a minimum GPA of 3.0 – 3.5 for admittance to the MBA or executive MBA program. Admittances to Canadian business schools are notably quick. 

Work Experience:

Most Business Schools in Canada demand a minimum of two to three years of work experience to enroll into an MBA program. Several business schools, admit without prior work experience. However, applicants with work experience are preferred.


Almost all MBA programs require GMAT. If you intend to pursue an MBA in a Canadian business school, you need to score significantly in this test. 


Almost all MBA programs in Canada require TOEFL as proof of English proficiency. The minimum scores needed for several universities vary from 550 to 600 on the paper-based TOEFL and 213 to 250 on the System-based TOEFL.
Most business schools accept the ILETS score instead of TOEFL.

Entrance Exam Required to get admission in Canada


The GMAT is a graded, clocked test, operated in English, which tests analytical writing, verbal, and mathematical abilities which is essential in the study of administration. The average necessary GMAT score is 550, and the average for MBA candidates is 606.


TOEFL is administered by three variants a paper-based, computer-based, or internet-based examination. In Canada, the accepted TOFEL score varies from 550-600 (paper-based test), 213-250 (computer-based test), and 86-100 (internet-based test). In Canada, the fee for this test is $160 (Canadian dollars). 

Other Tests

Few schools allow the TOEFL test to be replaced, with a corresponding examination. In Canada, either of three comparable tests may be allowed, some of them are the CanTest, International English Language Testing System (IELTS) and Michigan English Language Assessment Battery (MELAB).

Top Universities that offers an MBA in Canada

Desautels Faculty of Management, McGill University, Montreal, Canada

Founded in 1906, the Desautels Faculty of Management at McGill University is ranked as one of the world’s top global business schools. The Faculty’s creative programs and well-known reputation for supremacy remain to attract the best students and the most renowned professors from around the world to its downtown campus situated in the dynamic metropolis of Montreal. 

Duration of Course: 20 months
Course Fee: $99,500 CAD

Ivey Business School – University of Western Ontario, Canada 

Accredited with establishing Canada’s first MBA and Ph.D. programs in business, Ivey Business school is one of the most prominent business schools in Canada. The school also has an exceptional track record for drafting leaders. It was established in 1922 and recognised for its state-of-the-art curriculum and Cross-Enterprise training approach.

Duration of Course: 12 months 
Course Fee: $83,250 CAD

Rotman School of Management, Toronto, Canada 

Canada’s top business school, Rotman has all the benefits of its world-wide peers, with a strong notion of business education. Their unprecedented approach to problem-solving will change your leadership capacity and help you address global business challenges.

Duration of Course: 16 months 
Course Fee: $94,854 CAD

John Molson School of Business, Montreal, Canada 

Concordia’s John Molson School of Business is one of Canada’s top institutions, providing programs at the undergraduate, graduate and PhD levels with practical, case-based teaching modus operandi. Continuously ranked in the top 10 Canadian MBAs by the Economist and Bloomberg, Concordia was also the top-ranked Canadian institution in the 2022 QS Top 50 under 50 university ranking

Duration of Course: 16-24 months 
Course Fee: $47,900 CAD

Alberta School of Business, University of Alberta, Canada 

The Alberta School of Business, University of Alberta is situated in Edmonton, Alberta, Canada. Established in 1916, The Alberta School of Business is a research-oriented publicly funded organization and continuously ranked in the top 50 publicly-funded universities for research by the Financial Times of London.

Duration of Course: 2 years
Course Fee: $57,909 CAD

Haskayne School of Business, University of Calgary, Canada

The Haskayne School of Business is the University of Calgary’s business school, situated in Calgary, Alberta, Canada. It is named after Richard F. Haskayne, who gave one of the highest fundings to the business school in Canada. The school offers undergraduate, master’s, and PhD degrees, in addition to executive programs. Haskayne is ranked as one of the best business schools in Canada and the Top 100 in the world.

Duration of Course:  20 months
Course Fee: $63,868 CAD

HEC Montréal, Montreal, Canada  

HEC Montreal is a university-based school founded in 1906. Established by the Board of Trade of Metropolitan Montreal, it was the 1st business and management school in Canada. It is accredited to the EFMD Quality Improvement System (EQUIS), Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB). It was the first school in America to hold accreditation from these respected establishments. The school has affiliations from the Universities, Conférence des Grandes Écoles (CGE) and the Canadian Bureau for International Education (CBIE).

Duration of Course: 12 months
Course Fee: $54,000 CAD

The Stephen J.R Smith School of Business, Queen’s University, Kingston, Canada

Formerly known as the Queen’s School of Business, Stephen J.R. Smith School of Business, established in 1963, is one of the leading business schools in Canada. It offers graduate and undergraduate business programs. Queen’s Master of International MBA program was ranked No.1 in North America in the 2022 Financial Times Masters in Management Ranking.

Duration of Course: 16 months 
Course Fee: $132,592 CAD

Sauder School of Business, University of British Columbia, Vancouver, Canada

The Sauder School of Business at the University of British Columbia is amongst one of the world’s foremost academic business schools. Resided in Vancouver, Canada is a portal to the Pacific Rim, Sauder offers an international business outlook at a compelling intersection of the worldwide marketplace.

Duration of Course:  16 months
Course Fee: $90,057 CAD

Schulich School of Business, York University, Toronto, Canada  

The Economist yesterday ranked Schulich’s MBA program #1 in Canada in the magazine’s annual survey of the world’s top 100 international MBA programs. Besides standing 1st among Canadian business schools, Schulich placed 48th overall and 12th in the world amidst non-US schools. 

Duration of Course: 20 months
Course Fee: $136,158 CAD


Living and Other Costs

Canada has quite cost-effective tuition fees when compared to other advanced countries. That is why possible candidates are pursuing  Canada in place of the USA. And for an international candidate, the cost of studying in Canada and living costs range from $20,000 to $30,000, in Canadian dollars. 
The average monthly costs of living may range from  CA$600-800 for food and other expenses, without incorporating accommodation. The larger the city, the more upscale living costs serve to be.


Usually, students manage to seek for on-campus residences before anything else because they assume that it is previously confirmed. However, being admitted at a Canadian institution doesn’t necessarily imply that you will receive a room in the campus residence.


Bike, bus, walking or metro: Those are the several general modes of transport for students reciprocating every day from the university. And the monthly passes vary from about $80 to $110, but several transportation providers give concessions for students.

MBA Scholarship in Canada

MBA and executive MBA tuition fees can be high for most people which is why many scholarships are available in Canada to support the expense of the candidates. International students must look for these opportunities to support them. Some of the popular mba scholarships to study executive MBA or MBA in Canada are detailed below:

Scholarship Amount (CAD) Offered by
Women in Business Excellence Award Up to 10,000 Rotman School of Management
MBA Excellence Award Up to 20,000 Rotman School of Management
Global Business Leader of Tomorrow Up to 10,000-15,00 Sauder School of Business
Ivey MBA Scholarship Up to 10,000 Ivey Business School
MBA Entrance Scholarship Up to 7500-11,500 Haskayne School of Business
Scotiabank Scholarships Up to 20,000 Schulich School of Business
MBA Admission Award up to 1000 to 10000 DeGroote School of Business
MBA in-course & Entrance Scholarship 500 to 1000 DeGroote School of Business
Hardeep Grewal MBA Scholarship Endowment Variable Concordia University

Salary after MBA From Canada

The pursuance of a higher-level degree is commonly estimated as a major investment. Every year, students register in MS programs around the world to pursue the finest in education. Nevertheless, it was assessed, according to the studies performed by the Post Secondary Student Information System (PSIS), that there were 18% of Worldwide students registered in Masters programs which also deemed approximately 13% of all Masters students in Canada. 

Average base pay for an MBA or executive MBA graduate in Canada may differ, respectively. The unit at Statistics Canada issues periodic updates on hourly charges for professions all over the country. According to their newest estimates (January 2018), the average Canadian salary is $26.83/hour or $55,806.40 a year (following a 40-hour workweek). Nevertheless, with work experience, you can make as far as three times than the national average. 

Work Visa after completing MBA in Canada

A work permit following the PGWP is usually allowed according to the length of the study course. The highest period concerning the post-work permit is for three years. It indicates that if your post-graduate course’s duration is two years, you receive a three-year PGWP visa. In the long term, Canadian work experience obtained under PGWP aids international graduates to be eligible for PR (permanent residence) in Canada through Express Entry. 

Eligibility criteria for PFWP

You are required to study full time in Canada, and your program duration must be a minimum of eight months.
You shall apply for a work permit under 90 days of finishing your course. A transcript or an official letter from the university is mandatory. You are required to hold a valid student visa when you apply for the PGWP.


At present, Canada has the most significant per-capita immigration globally, with a tremendous rate of its population regarding a first, or second, era immigrant family or expatriates. They practice the word “Multi culture” pretty earnestly with substantial legislated policies to support their welcoming nature.
Knowledge is powerful, and we urge you to discover Canada as a feasible, and unique choice, when compared to the USA, for an MBA in North America. The affirmative work permit, and the whole amiable culture, are convincing grounds to pursue an education in Canada.



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Which English language test should I give for Canada study: TOEFL or IELTS?

Many Universities in Canada accept TOEFL, CAE and IELTS as the English Language proficiency proof. For each University that you will apply to, there would be different eligibility criteria in terms of English Language criteria.

Under what cases do Canada Visa get rejected?

If any of the documents you submit are fraud in any sense, the visa will surely be rejected. And lack of proof of sufficient funds may also get your application rejected. 

What are the requirements for study permit in Canada?

For study permit in Canada, a passport which is valid till course completion is required, proof of education, visa application fee, visa form and fees proof is required. 

Which is the best city to study in Canada?

Many Universities rank in top 200 QS world ranking 2022 and these universities lie in Toronto, British Columbia, Alberta, Montreal, and Ontario. 

What is the cost of education and living in Canada?

The cost of living in Canada ranges from 600 to 800 CAD per month, and the tuition fees range from CAD 10,000 to $025,000 per year. As compared to other countries, it is quite affordable to live and study in Canada. 

Is Canada Visa easy to get?

For a Canadian Visa, it is easier to go through the process as compared to the US. There is no face to face interview process and Canadian Visa is considered by many as easier to get. The country has accommodating policies for international students and the Visa has smooth documentation process. 

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