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Top MBA Colleges In Canada

Why Study an MBA In Canada?

canada flag

Canada ranks 4th as the best country to live in and study. The country has been an attraction to students due to Candian universities and diversity of the courses offered in the university.

Student life in Canadian University is very intriguing. You get to meet new people, go to industries through Canadian universities, work on ground-breaking projects, etc. Also, the tuition fees in Canadian are less expensive when compared to universities in other colleges which makes it friendly for international students to pursue their dream course without much hassle.

Being a safe country to reside in, students can pursue their dreams in Canadian Univeristy without any fear. The cost of living is also affordable.

Leisure options such as community service, sports can help students relax.

Cost of shelter and basic amenities in Canadian University

In today’s times, “Studying Abroad” is no longer an added advantage like it used to be. If one wishes to prosper both professionally and financially in this ever-declining economy, then an “International Masters’ Degree” like an MBA should be a must. Although, the cost of pursuing such degree programs can lead to a costly affair and therefore it is imperative that one chooses a school or a country keeping in mind their financial situation. Canada being one such country allows students to go for pocket-friendly mba options with the on/off-campus rent ranging from $600 to $700 per month. Moreover, the cumulative cost of commute and other basic amenities usually go $350 to $420 per month.

Reasons why you should study in Canadian University

Canada has been known for offering high-quality education and ample research opportunities at an affordable tuition fee that doesn’t burn a hole in a middle-class family’s pocket. Moreover, a degree in master’s secured from a Canadian university holds an immaculate reputation and is highly valued globally. As a result, Canada is ranked among the top destinations in the world where international students choose to reside in.

In addition, Canada has been significantly increasing its intake of international students every year. Even in some cases, the to-be student might be exempted from a student permit to attend school in the country. These cases include a relative or a staff member of a foreign representative to Canada or a member of the Foreign Armed Forces.

Furthermore, one might be exempted from applying for a student VISA depending on the country they belong to, although a residence permit is still mandatory for a Masters Programme. Besides, most universities specializing in a Master’s program are STEM-optimized, which means that students can stay in the country for extended periods post-masters’ in search of a job.

Post-Graduation Work-Permit in Canada

Overall, Canada is a student-friendly country with universities providing quality education and pragmatic exposure through valuable internships and research opportunities. The Canadian government has been the most supportive of the lawful immigration of students and skilled workers. Hence, the work permit and employment VISA laws for Canada are the most relaxed. However, the final decision depends upon your personal choice in your ease of comfort and the school that keeps up with your career goals.

Some of the crucial requirements for a Canadian Work Permit are-:

  1. Documents no older than 3 months that prove that the aspirant is a law-abiding citizen with no previous criminal record.
  2. A medical examination including a toxicology test to ensure that the student is entering the country in good health and will not pose as a source of infection for others.
  3. Proof of earlier education,i.e., Original school leaving certificate and degree certificate.
  4. Documents validating University entrance Qualification
  5. Certificate of English Language Proficiency

Top MBA Colleges to Target In Canada

top mba colleges in canada lists

MBA is also one of the most applied courses in Canada due to the flexibility of the subjects and quality. These universities were rated top MBA in global rankings and will provide students all-round development. Let us have a glance at what are the top MBA colleges in Canada and the courses they offer.

1.University of Toronto-Rotman School of Management:

Ranked as 65th globally by Financial Times, Rotman School of Management has a variety of MBA courses to offer.

top-mba colleges in canada University of Toronto

Full-time MBA:

This a full-time 2-year program focusing on the all-round development of students. This program offers 16 months of academic work and four full months for paid internships. This course also helps you chose from over 90 elective courses. The eligibility for this course are as follow :

  • A bachelor’s degree or its equivalent
  • A GPA of 3.0 in the final year from a recognized university
  • An official transcription from the university the student had pursued his/her degree.
  • GMAT or GRE is required.
  • The candidates should have at least 2-years of full-time work experience. (recommended)
  • Two professional recommendations have to be submitted by referees.
  • An essay and a video interview are required.
  • A TOEFL IBT score of 100 with a minimum score as 22 in both writing and speaking. An IELTS score of 7.0.

The candidates who are admitted to the program have to attend the last round of interviews.

The total academic fee is $92,500 each year having a fee of $46,270 for Canadian citizens. For international students, the total academic fee is $120,680 each year having a fee of $59,450 and $61,230 for the first and second years.

The living expenses might cost between $20,856-$28,756.

Morning-Evening MBA:

This course provides hands-on experience regarding the courses offered. The first half of the program has academics as well as work. The classes would be taken in the morning session from 7:00 to 8:59 am before work or 6:00 to 8:30 pm after work. In the second half, you can choose the course that would suit your interests. The requirements for the course are the same as above except that

  • Two-year work experience is required
  • Two written essays are to be submitted

The total academic fee for domestic students is $90,772 and for International students is $120,681.

One-Year Executive MBA:

This course is an intensive 13 months course providing hands-on training on business applications. The prerequisites are:

  • More than 8 years of work experience and 3 years of a mid-to-senior role.
  • Project management experience and current full-time employment.

Global Executive MBA Program:

This program is an 18-month program that gives exposure to students in the most significant global markets such as North America, East Asia, South Asia, Europe, and Latin America. The admission criteria include:

  • More than 5 years of full-time work experience.
  • More than 2 years of mid-to-senior management experience.
  • Undergraduate degree or its equivalent.
  • GMAT/GRE or an equivalent Rotman EDT Test
  • Current full-time employment.

The fee is $100,000 which can be paid in installments. The first installment is $10,000 as a fee for acceptance of the admission into the course and four further installments of $22,500.

2. Western University-Ivey Business School

top mba colleges in canada ivey business school

Ivey Business School provides a full-time MBA program starting in March. The eligibility for this program is:

  • GMAT/GRE score
  • Unofficial transcripts from all secondary-educational institutions and a copy of an official transcript if selected for admissions.
  • GMAT can be ignored if the candidate passes all three levels of CFA designation.
  • TOEFL/IELTS score. Two or three filled reference forms.
  • Two written essays and two video interview questions.

For international students these are the prerequisites for applying to Ivey Business School:

  • An official transcript with English translation from their university.
  • A copy of the original diploma.
  • Minimum scores in each of these exams

-TOEFL score should be 100

IELTS General (recommended) or Academic score 7 , MELAB score should be 85, PTE score should be 70, CAEL overall score should be 60 (all parts having a minimum of 60)

The total tuition fee for domestic students is $83,250 and for international students for Ivey Business School is $111,750. The total fee for study materials, Student Organization fee, etc. Living expenses might cost up to $1,200 (might vary monthly).

3.York University- Schulich School of Business

York University- Schulich School of Business Ranked as the top university by Forbes and CNN expansion this institute provides MBA with flexibility. The admission requirements are:

  • An average GPA of at least B or above in the past two years.
  • GMAT/GRE required.
  • A minimum of 2-years full-time work experience.
  • Unofficial copies of transcripts from the secondary- education institution.
  • Unofficial copy of GRE or GMAT scores.
  • Two written and one timed-written essays along with 2 video interviews.
  • A resume and two references.
  • IELTS score of 7.0 with a minimum of 6.5 in each task or TOEFL IBT score of 100.

This cost of living would cost $8,700 approximately. The tuition fee is slightly different.

This program of York University-  Schulich School of Business has four academic terms and the cost for each term is $17,912 for domestic students and $26,020 for international students.

This tuition fee is for the full-time program. The part-time MBA of Schulich School of Business is a ten-month program and costs $7,204 for domestic students. International students have to review their immigration regulations if they consider opting for part-time.

top mba colleges in canada schulich school business
Schulich School of Business in India:

This is a two-year program with four academic terms. The first year would be completed in India in Hyderabad’s Schulich Business School. The second-year would be completed in Toronto.

The eligibility for this includes:

  • A four-year Bachelor’s degree and a Master’s degree.
  • GMAT/GRE scores are required.
  • Minimum of 2-year full-time work experience.
  • The other requirements are the same as for the MBA program. The full-time tuition fee is the same as that of the MBA program.
MBA/JD program:

Master of Business Administration/Juris Doctor program is a joint degree program. The application for this program has to be accepted by both the Schulich School of Business and Osgoode Hall Law School.

The eligibility for this program is:

  • Undergraduate degree with average A-grade or a 3-year undergraduate degree with one-year work experience.
  • A minimum LSAT score of 85 percentile.
  • GMAT/GRE scores required.
  • Work experience not required but highly recommended (for 4-5 years).
  • Copy of GRE or GMAT scores and an official transcript.
  • Two essays one video and another written, 2 LOR’s.
  • Proof of English proficiency if undergraduate was not pursued in English.
  • IELTS and TOEFL scores are the same. The full-time tuition fee is the same as above and is per-term.

4.University of British Colombia-Sauder School of Business:

top mba colleges in canada sauder school of business

University of British Columbia- Sauder School of Business provides the following courses.

Full-time MBA:

This is a 16-month full-time MBA course of University of British Columbia – Sauder School of Business. It is leading Business School. The eligibility for this course is:

  • Three or a four-year Bachelor’s degree with a B+ average.
  • Transcripts and degree certificates.
  • GRE overall score of 155 and GMAT score of 550 and a minimum 50 percent in all sections.
  • TOEFL score of 100 or IELTS of 7.0.
  • MELAB score 84 or PTE score 70 or CAEL score 70
  • Minimum of 2-year work experience (full-time).

The tuition fee for Canadian citizens is $49,914. The total estimated fee including living expenses is $106,011. The tuition fee for international students is $83,263 and the total estimated fee is $140,228.

Professional MBA:

Professional MBA course of University of British Columbia- Sauder School of Business provides the ability to balance between professional and school life also developing managerial skills. It provides various opportunities which one needs in a business School. The eligibility requirements for this course are:

  • A three-year or four-year Bachelor’s degree with a minimum B+ average.
  • Transcripts, degrees should be mailed.
  • GMAT score of 550 scorings at least 50% in quantitative and verbal sections or GRE score of 150 in both quantitative and verbal sections.
  • TOEFL, IELTS, MLAB, PTE, CAEL scores are the same as the Full-Time MBA course.
  • A minimum of 3 to 5 years of full-time work experience.
  • Two references (professional is recommended) are required.

The tuition fee is $49,419 for domestic students and can be paid in installments. On accepting the letter of admission, a non-refundable $5,000 has to be paid. The total fee (including tuition fee) for domestic students is $57,019. For international students, the tuition fee is $83,259 and the total fee (including tuition fee) is $91,359.

International MBA:

International MBA course of Sauder School of Business mainly focuses on the global market and helps students apply their business tactics in real-world situations. The eligibility requirements are:

  • A Bachelor’s degree with a minimum B average (students with less average and high GMAT/GRE scores might be considered).
  • A minimum of 2 years of full-time work experience (more than 5 years is recommended).
  • No minimum GMAT/GRE score (550 in GMAT and 155 in GRE is recommended).
  • TOEFL score (IBT) should be above 80 or IELTS above 6.5 or UBC ELI above 5 or CAEL minimum score of 70 is required.

The tuition fee for domestic students is $63,330 and should pay a non-refundable $2,500 on the acceptance of the admission letter. The total fee (including tuition fee) is $67,310. This is the same for international students.

5.Desautels Faculty of Management:

There are a variety of courses provided by the Desautels Faculty of Management- McGill University which is listed below:

top mba colleges in canada desautels faculty of management
Full-time MBA:

This program of McGill University enhances the basic skills as well as shapes the students to connect and grow their network in the boosting business market. This course of McGill University also has an international trip, a specialized project, internships and so on. The eligibility for this program is:

  • Undergraduate degree and any further educational qualifications if present.
  • GMAT or GRE scores.
  • For students who had pursued their undergraduate in languages apart from English should have written TOEFL or IELTS.
  • A minimum of 2-year full-time work experience after their undergraduate degree.
  • Written essays, Letters of Recommendation, etc.
    Students selected would only be called for an interview.

The tuition fee is $98,000 and the tuition fee waiver is $17,000 making the net tuition fee around $81,000 of Full time MBA of McGill University. The expenses for domestic students are $20,822 and for International students is $21,720.


Part-time Professional MBA:

It is a 32-month program of McGill University that provides professional experience to students. The eligibility criteria are the same as the MBA program. The overall tuition fee costs $79,500 and for books and other supplies would be $1,500 for part time professional MBA in McGill University.


Law MBA:

This is an interdisciplinary program of McGill University that provides experience in both law and business dealing. This program has two options:

  1. A) A four-year program with Canadian universities
  • MBA in the first year
  • Law in the second year
  • The third and fourth years would have combined Law and MBA courses.
  1. B) A five-year program with
  • Law courses in the first two years
  • MBA in the third year
  • Law and MBA (mixed courses) in the fourth and fifth years.

The prerequisites for this course include:

  • An undergraduate degree with a GPA of 3.0 out of 4.0.
  • A GMAT score is required.
  • A minimum of one-year full-time work experience.
  • TOEFL scores are required for non-native English speakers with a minimum score of 600 in the paper-based test, 250 on the computer-based test or 100 on the IBT test.

6.HEC Montreal:

top mba colleges in canada HEC montreal

HEC Montreal is ranked as one of the top universities in Canada in an MBA. This university provides state-of-the-art facilities for students who are willing to pursue a career in business. This university provides courses such as:

HEC Montreal is ranked as one of the top universities in Canada in an MBA. This university provides state-of-the-art facilities for students who are willing to pursue a career in business. This university provides courses such as:

Full-time MBA:

This is a one-year program which helps students face real-life situations and helps them in finding solutions. The eligibility for this program is:

  • The candidate should hold an undergraduate degree.
  • Should have at least two years of professional work experience.
  • Should reach the targeted scores of the following exams:
  • GMAT: minimum score 570; suggested score 630 or higher.
  • GRE: can be equivalent to GMAT scores.
  • TAGE MAGE: minimum score 250; suggested score 300 or above.
  • Official transcript copies.
  • Resume
  • Four video essays
  • Two letters of recommendation

The total tuition fee would be $49,000.

Executive MBA program:

This program is designed for candidates who are aiming to become executives in companies. This program can be completed in 15 months by managing their professional lives. The eligibility is:

  • Two letters of recommendation
  • Two copies of official transcripts
  • A language test in English if required.

7. Telfer School of Management-University of Ottawa:

top mba colleges in canada Telfer school of management

The University of Ottawa is also one of the top universities for pursuing an MBA. They also have joint degree courses which help in building additional skills and also excel in business. The MBA programs at Ottawa University are:


This is a one-year program for a full-time program. The part-time program would take 24 months to complete. The requirements for admission are:

  • TOEFL score of minimum 250 and a score of minimum 5 on the Written English test and 50 at least 50 in the Spoken English test.
  • A minimum score of 7 in at least 3 sections and a minimum score of 6 in the fourth section.
  • Proof of completion of an undergraduate degree (should be within 5 years).
  • Proof of recent prolonged existence in Canada.

For Canadian students, the tuition fee would cost $ 28,000 for the intensive (full-time) and $30,350 for the professional (part-time) program. For international students, the intensive program would cost $64,000 whereas the professional program would cost $68,000.

Executive MBA program:

This program helps in the development of leadership and business management through a practical approach and enhances its students through international trips. The eligibility for this program is:

  • A minimum work experience of 5 years full-time.
  • Undergraduate degree with a minimum of 70% average grades.
  • A minimum score of 250 in TOEFL with a score of minimum 5 in the Written English test and 50 on the Spoken English test. IELTS scores are the same as mentioned for the MBA program.

The other prerequisites are the same as mentioned in the MBA program.

8. Smith School of Business- Queens University

top mba colleges in canada smith school of business

Queens University provides diverse MBA programs for students and upcoming business tycoons all around the world. These are the following courses to choose from based on the student’s interests.


According to their curriculum, there are two levels the Foundation level and the Master level. This program focuses on the development of student’s business handling and managing skills. The eligibility for this course is:

  • An undergraduate degree with a minimum B+ average.
  • A minimum of two years of full-time work experience.
  • Two references from supervisors (current or previous).
  • Competitive (recommended) score for GMAT is above 600 and GRE is above 315 (quantitative and verbal combined).
  • TOEFL, IELTS, PTE or MELAB either are required.

For domestic students, the total fee is $83,000 and for international students, the total fee is $99,500.

Executive MBA program:

This program can be offered anywhere in Canada enhances the exposure of students to different companies and real-world issues. The eligibility requirements for this course are:

  • An up-to-date resume.
  • Two references.
  • Official transcripts.
  • Interview with the Program Director.

The total fee for both domestic and international students is $104,000.

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canadian scholarship

Scholarships are an important aspect in every student’s life making it easier for them to pursue their MBA without much burden regarding financial problems. Students all around the world apply for scholarships which just makes their life much easier and more stress-free.

These are the scholarships students can apply for their MBA program in Canada:

 Ontario Graduate Scholarship:

This scholarship is offered by universities in the Ontario region in Canada. This scholarship can be availed by students

1. Pursuing their Master’s or Doctoral degree.
2. Should be pursuing a course of minimum 2 terms.
3. Should be pursuing a university that grants the scholarship.

This scholarship provides $5,000 to $15,000 per academic year and this scholarship is provided

1. Carleton University
2. York University
3. University of Windsor
4. University of Waterloo

Schulich School of Business Scholarships:

This is provided for students who are pursuing their MBA in the Schulich School of Business. The students are selected based upon their merit. Following are the scholarships provided:

1. Robert Krembil Scholarship provides $33,000.
2. Seymour Schulich MBA Entrance Scholarship provides $24,200.
3. Tanna H. Schulich MBA Entrance Scholarship provides $24,200.
4. Scotiabank Scholarships in International Business provides $20,000.

Working in Canada After Your MBA from Top Colleges.

Coming to working and career options in Canada after MBA the work visa provides a 3-year stay to work in the industry.

Also, internships might provide a career opportunity you might be hired as a full-time employee. The salary would also be high depending upon the position of the student in the company.

The average salary would be $80,000 and might increase depending upon the company and the university the student has graduated in.

Most MBA students would want to work for the following companies due to the experience as well as exposure.

Here is a YouTube video on Jobs after completing MBA from Canada. Companies, Schools, Jobs and Salary. 

  1. Ernst & Young
  2. Royal Bank of Canada
  3. Tesla
  4. Deloitte
  5. Amazon
  6. Google
  7. Microsoft and the list go on.

Students who are very keen, persistent and passionate about pursuing the business courses from Top MBA colleges in Canada and enhancing their professional lives you should definitely try out your luck in the above-mentioned list.

This is not only because of the MBA programs or the cost of living but also the career after graduation and the exposure to different industries during the course of your time.

All you need to do is utilize the opportunities given and transform yourself into the businessman you want to be.

All the Best !


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