MBA Colleges in Canada: Overview
Canada, which is renowned for quality education of global recognition, offers MBA (Master of Business Administration) courses in 40 universities. Consistently making a place in the QS Global Ranking, MBA colleges in Canada have proved their commitment to fostering future business leaders. In the year 2023, there has been a 30% hike in Indian students choosing Canada as their study destination for pursuing an MBA. MBA colleges in Canada offer expert faculty, extensive practical sessions, diverse networking opportunities, excellent academic sessions, and global alumni contact which enhances professional growth for students in the ever-evolving global business market.
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MBA Colleges in Canada: Highlight
Details | Description |
Course Name | MBA |
Course Full Form | Master in Business administration |
Duration | 1 to 2 years |
Admission Process | Merit based + Entrance exam |
Eligibility Criteria | Minimum GPA, English Proficiency Test, GMAT/GRE |
Course Fee | INR 11 - 59 Lakhs |
Entrance Exam | |
Salary | INR 58 lakh or $ 70,000 |
Top Recruiters | Apple, Deloitte Canada, Adidas, EY, KPMG, Barclays etc. |
Why MBA Colleges in Canada are the choice for students?
Canada is known for its reputation for academic excellence. The high-quality education is the reason students choose Canada as their study destination. Complementing it, Canada has a diverse society; welcoming people with warm open arms. Numerous scholarships for Indian students in Canada and various work opportunities after post-graduation, offer ample scope to have excellent career prospects. Therefore, Canada has become a place where aspirations intersect with unparalleled opportunities. Outlined below are the reasons why MBA Colleges in Canada stands as the preferred study destination for Indian Students:
- Success in Academic pursuits: Canada’s admirable standing for excellence in academic settings is something that can be counted upon. Canada boasts some of the world’s greatest MBA universities, listed in the prestigious QS top 150.
- Reputation and ranking: MBA colleges in Canada have made their place in global top institutions. A degree from a reputed college or university will boost career prospects
- Internship Programs: The internship opportunities in MBA colleges in Canada give students an insight into real-world business scenarios. Allowing them to showcase their potential and become a prospective employer in the interning company.
- Attractive Immigration Policies: Canada is known for its inclusivity and promoting cultural enrichment. The country emphasizes a point-based system that allows students with valuable contributions to immigrate. Making a pathway to permanent residency after pursuing an MBA in Canadian university.
- Scholarships: Varied range of attractive scholarships are available in MBA colleges in Canada. By providing financial assistance, Canada makes education accessible for deserving students.
Also Read: Comprehensive Ranking System (CRS)
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Best MBA Colleges in Canada
Among 40 universities offering MBA courses in Canada, below given tableau lists the best MBA colleges in Canada:
College / University | Global MBA Rank | Canada MBA Rank | Fees (CAD) |
Rotman school of management, (Toronto) | 42 | 1 | 71,885 |
Stephen J.R. Smith School of Business (Queen’s) | 64 | 2 | 12,927 |
Richard Ivey School of Business (Western) | 72 | 3 | 86,772 |
Desautels Faculty of Management (McGill) | 74 | 4 | 32,292 |
Schulich School of Business (York) | 81 | 5 | 30,059 |
Sauder School of Business (UBC) | 84 | 6 | 107,959 |
HEC Montreal (Montreal) | 151 -200 | 9 | 59,000 |
Rowe School of Business (Dalhousie) | 151 -200 | 10 | 19,560 |
Other MBA Colleges in Canada
College / University | Global ranking | Fees (CAD) |
University of Ottawa | 203 | 22,389 |
University of Victoria | 322 | 33,546 |
University of Saskatchewan | 345 | 32,856 |
Laval University | 441 | 11,980 |
Memorial University of Newfoundland | 641-650 | 5,180 |
Cheap MBA Colleges in Canada
Canada also has colleges with low fees giving an edge to students who want to pursue an MBA without spending exorbitant amounts.
College/ University | Course | Fees |
University of New Brunswick | Full-time MBA | Approx. 7 lakh/year |
University of Guelph | Online/ Distance | Approx. 8.8 lakh/year |
Trinity Western University | Online/ Distance | Approx. 12 lakh/yea |
University of Northern British Columbia | Full-time MBA | Approx. 13 lakh/year |
Thompson Rivers University | Full-time MBA | Approx.14 lakh/year |
MBA Colleges in Canada: Eligibility Criteria
Eligibility criteria vary from college to college. However, mentioned below are some basic eligibility criteria for admissions in MBA colleges in Canada:
- Minimum GPA as per the requirement of the University in UG degree
- Relevant work experience of more than 2 years
- Required GMAT or GRE score
- English proficiency test scores of IELTS, TOEFL, PTE
MBA Colleges in Canada: Without GMAT
GMAT is a prerequisite for taking admission to MBA colleges in Canada. There are universities that provide full-time / part-time MBA courses without GMAT or work experience. Here is a list of MBA Colleges in Canada without GMAT:
- Vancouver Island University.
- Thompson Rivers University.
- Cape Breton University
- Goodman School of Business – Brock University.
- Saint Mary's University.
- Lakehead University.
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MBA Colleges in Canada: Cost
The fee structure in MBA colleges in Canada varies from institute to institute. Complementing lifestyle and choice of accommodation, living costs may tend to increase and decrease.
Thus, the average cost of living in Canada is 6 lakhs per year.
MBA Colleges in Canada: Scholarship
Securing financial assistance for international students pursuing an MBA, being a professional program, is often constrained in terms of available opportunities. However, students with exceptional academic records, relevant work experience, and other achievements may qualify for scholarships. Here are some popular scholarship programs students can apply for to pursue MBA in Canada:
Name of the Scholarship | Description |
University of Waterloo Graduate Scholarship | Merit based for graduate students |
Central Sector Scheme of National Overseas Scholarship for SC (except UK) | For students who want to pursue master’s or PhD abroad |
Go Clean Scholarship | For students who want to pursue higher studies abroad |
Scotiabank Scholarship | Amount of 30,000 CAD |
MBA Jobs in Canada
Canada’s reputation as a hub of quality business education exposes candidates to job placements that help them embark on prosperous careers after obtaining an MBA degree from a Canadian University. Following is the list of work opportunities.
Finance and accounting | Consultancy |
General management | IT service |
Healthcare Management | Education |
Oil and Gas | Legal jobs |
MBA Top Recruiters
Top recruiters that hire MBA graduates from Canadian universities are given in the tableau below:
Apple | TC Energy | Amazon |
Bank of America | eBay | Barclays |
Deloitte (Canada) | Hyundai Canada | KPMG |
EY | Adidas | PwC |
HSBC | AT & T | Hewlett - Packard Enterprise |