Pursue MBA In Canada: Check Top Universities, Eligibility, Fees, and Scholarships For MBA In Canada

Vikash 09 Dec 2024 Canada

Want to study MBA In Canada? Top MBA programs for study in Canada are available at reasonable prices from several renowned Canadian universities. Canada is a highly sought-after country for Indian students for its exceptional quality education and vibrant culture.

To complete their master's, a large number of foreign students from more than 150 countries seek admission to Canadian MBA universities. A GMAT average of 550-720 is necessary to pursue an MBA from a top MBA university in Canada. There are over 40 institutions and schools offering MBA in Canada.

Why Study MBA In Canada?

Canada is the land of opportunity and growth. There are several reasons to pursue an MBA in Canada. The Student Helpline overseas consultants have listed below the key reasons why students should choose Canadian institutions for their education:

  • World Class Education: The country leads with internationally recognized universities with global top ranks. Based on the QS World University MBA Rankings, ten Canadian universities are included in the top 200 global universities for MBA making them the best MBA colleges in Canada for Indian students.
  • Best MBA Colleges in Canada have Affordable Tuition Fees: Compared to the United Kindom or the United States, MBA colleges in Canada offer education at more affordable tuition fees. The university offers a plethora of scholarships and opportunities that aid students in pursuing quality education and leading a comfortable life. This enables students to lead a financially independent life while pursuing education in their dream country.
  • Career Opportunities: Many programs allow international students to pursue part-time work during their education tenure. Students pursuing post-graduation can avail of work permits that provide enriching opportunities that enhance their students' professional calibre.
  • Convenient To Get Settled: All overseas students choose to settle with a work permit in Canada due to its welcoming employment rules.

Total number of MBA Colleges in Canada

Approximately 40+ MBA colleges

MBA fees in Canada

CAD 30,000-50,000

Exams required to pursue MBA in Canada

GMAT, GRE, IELTS, TOEFL

Popular Sub-Disciplines of MBA

General Management, International Business, Finance, Entrepreneurship, Supply Chain, Economics

MBA salary in Canada

CAD 85,000 and CAD 92,000 annually

List Of Top 10 MBA Colleges In Canada

  1. Gerald Schwartz School of Business (St. Francis Xavier University)
  2. F.C. Manning School of Business (Acadia University)
  3. Sprott School of Business (Carleton University)
  4. Department of Accounting and Finance (University of Waterloo)
  5. Department of Graduate Studies(University of Prince Edward Island)
  6. School of Business (Dalhousie University)
  7. De Groote School of Business (McMaster University)
  8. Queen's School of Business (Queen's University)
  9. Richard Ivey School of Business (University of Western Ontario)
  10. Rotman School of Management (University of Toronto)

What Are The Top MBA Courses In Canada?

Canadian institutions offer MBA programs in a variety of specialisations. Listed below are MBA courses in Canada offered by prestigious institutions.

Top MBA Programs

Best MBA Colleges in Canada for Indian STUDENT

General Management from Canada

- University of Toronto (Rotman)

- University of British Columbia (Sauder)

- York University (Schulich)

Finance from Canada

- University of Toronto (Rotman)

- York University (Schulich)

- McGill University (Desautels)

Marketing

- University of British Columbia (Sauder)

- Western University (Ivey)

- University of Alberta (Alberta)

Entrepreneurship

- University of Waterloo

- University of British Columbia (Sauder)

- Ryerson University (Ted Rogers)

International Business from Canada

- York University (Schulich)

- University of British Columbia (Sauder)

- University of Calgary (Haskayne)

Business Analytics

- University of Toronto (Rotman)

- University of British Columbia (Sauder)

- McMaster University (DeGroote)

Technology Management

- University of Waterloo

- University of British Columbia (Sauder)

- University of Ottawa (Telfer)

Sustainability

- York University (Schulich)

- University of British Columbia (Sauder)

- University of Waterloo

Duration Of MBA And Type OF MBA Programme Offered By Best MBA Colleges In Canada

Students can glance at the list of best MBA universities in Canada and other institutions that offer top MBA programs in the country. Students can prefer to choose a full-time, part-time, accelerated or dual degree program. 1-year MBA program is offered at the University of Toronto and McGill University.

Top Colleges for MBA in Canada

Duration of MBA in Canada

Type Of MBA Program Offered

University of Toronto (Rotman School of Management)

2 years

- Full-time

- Part-time

- Executive

- Dual degree

McGill University (Desautels Faculty of Management)

20 months

- 1-year

- 2-year

Ivey Business School (Western University)

12 months

- Accelerated

University of British Columbia (Sauder School of Business)

-

- Full-time

- Part-time

- Executive

York University (Schulich School of Business)

-

- Full-time

- Part-time

- Executive

What Is The Total Cost Of MBA In Canada For Indian Students?

Are you an Indian student who wants to pursue an MBA from a top college in Canada? It is important to note that tuition fees may alter based on the location, program, specialization, and program duration. Below is the generalized expenditure breakdown.

Essential Expenses for MBA

Cost of MBA In Canada (CAD)

Tuition Fees

30,000 to 130,000

Books and Coursework Material

960 to 1,600 (yearly)

Cost of living in Canada

21,600 (yearly)

Purchase of GIC

20,635

Visa Application Fee

150

MBA tuition fees in Canada for international students vary according to the universities. We have culled out the list of tuition fees of top universities for MBA in Canada. If you would love to explore more about the MBA fees in Canada for Indian students the list is for you:

Top Colleges In Canada For MBA

MBA Fees In Canada For Students

University of Toronto (Rotman School of Management)

$92,500- $120,000

University of British Columbia (Sauder School of Business)

$49,000 - $80,000

McGill University (Desautels Faculty of Management)

$45,000- $85,000

York University (Schulich School of Business)

$80,000- $100,000

Queen's University (Smith School of Business)

$85,000 -$95,000

University of Alberta (Alberta School of Business)

$35,000 - $60,000

Western University (Ivey Business School)

$85,000 -$105,000

University of Calgary (Haskayne School of Business)

$35,000 - $55,000

Concordia University (John Molson School of Business)

$30,000 - $50,000

Simon Fraser University (Beedie School of Business)

$40,000 - $60,000

Eligibility Criteria And Admission Requirements For MBA In Canada

Let's get to know more about the eligibility for MBA in Canada for Indian students. We have listed below the eligibility criteria for every international student:

  • Bachelor's Degree: The student must have completed a 4-year undergraduate program from a recognized university. The student must have a minimum of 3.0 or 4.0 scale or equivalent.
  • Work Experience: The work experiences vary for each institution. Certain institutions accept freshers and few demand 2 - 3 years of work experience to apply for the MBA program.
  • GMAT/GRE Scores: Students need to ensure that they have GMAT scores of 550 - 700 and equivalent GRE scores for their application to be accepted by Canadian colleges for an MBA. Few institutions allow students to pursue an MBA in Canada without a GMAT.
  • English Language Proficiency: IELTS: 6.5-7.5 overall (minimum 6.0 in each band), TOEFL iBT: 90-100+ and PTE Academic: 60-70+
  • Letters of Recommendation: Students need to submit 2-3 letters of recommendation from professionals or academic references.
  • Statement of Purpose/Essays: Students need to exhibit their interest through a personal statement. When creating an engaging SOP or personal statement that appeals to the admissions committee, The Student Helpline SOP writing services prove to be useful.

How To Apply For MBA In Canada? A Guide To Admission Process For MBA In Canada

Check the below list for the admission process to get enrol in top colleges for MBA in Canada:

  • Select the MBA program with specialisation and the institution that provides the program of your interest.
  • Do visit the official website of the specified program and check for the eligibility and documentation requirements.
  • Submit scanned copies of transcripts, CV, IELTS/TOEFL, and GMAT scorecard.
  • After completion of the application form do the specified payment.
  • You may or may not need to go through interview rounds for selection.
  • After selection, you will receive a conditional offer letter.
  • Make payment to the institution according to their terms and conditions.

High-Paying Scholarship For MBA In Canada By Top Colleges In Canada

Listed below is the table of top scholarships for MBA that Indian students can avail to pursue their MBA in Canada.

Scholarship Name

Amount (CAD)

Eligibility

University/Organization

Lester B. Pearson International Scholarship

Full tuition + living expenses

International students

University of Toronto

Rotman Entrance Scholarship

$10,000 - Full Tuition

Merit-based

University of Toronto (Rotman)

Beedie Family Scholarship

$35,000

International students

Simon Fraser University

UBC MBA International Student Scholarship

$10,000 - $40,000

International students

University of British Columbia

Ivey MBA Scholarship

$10,000 - Full Tuition

Merit-based

Western University (Ivey)

Schulich School of Business Entrance Scholarships

$5,000 - $40,000

Merit-based

York University

Desautels MBA Leadership Award

Up to $25,000

Leadership potential

McGill University

Alberta School of Business MBA Scholarships

$5,000 - $30,000

Merit-based

University of Alberta

John Molson School of Business Entrance Awards

$5,000 - $15,000

Merit-based

Concordia University

Queen's MBA Scholarships

$10,000 - $60,000

Merit-based

Queen's University

How To Get A Work Permit After MBA In Canada?

After completing your post-graduation (PG) degree as an international student, you can remain and work full-time in Canada for up to four years with a Canadian work permit. You have up to 180 days after finishing your postgraduate coursework and receiving your final exam results to apply for a post-graduation work permit, or PGWP.

MBA Salary In Canada For International Students

Listed below are top job roles and salaries for international students after completion of the MBA program. The specified salary may vary depending on the location, experience, and company.

Job Title

Salary After MBA in Canada (CAD)

Entry-Level MBA Graduate

$60,000 - $80,000

Financial Analyst

$65,000 - $95,000

Marketing Manager

$70,000 - $110,000

Management Consultant

$80,000 - $130,000

Investment Banker

$90,000 - $150,000

Product Manager

$75,000 - $120,000

Operations Manager

$70,000 - $100,000

Business Development Manager

$75,000 - $115,000

Data Analyst

$65,000 - $95,000

Human Resources Manager

$70,000 - $100,000

Project Manager

$75,000 - $110,000

Supply Chain Manager

$70,000 - $105,000

Strategy Consultant

$85,000 - $140,000

Brand Manager

$70,000 - $110,000

Technology Consultant

$80,000 - $125,000

(Source: According to Statistica 2023-24 )

Your accredited The Student Helpline consultant can help you select the best business school in Canada that fits your budget and can guide you to the most recent information regarding the cost of pursuing MBA in Canada.

Frequently Asked Questions

Is pursuing an MBA course in Canada Valid Everywhere?

Yes, the MBA program pursued in Canada through internationally recognised universities is valid in all countries. Get in touch with The Student Helpline study abroad consultant to learn more about the MBA subdiscipline you wish to enrol in.

What is the MBA duration in Canada?

1-3 years is the average duration of the MBA program in Canada. Although, it varies according to the institution. Students can also part-time 1 year MBA programs, accelerated, and executive programs from renowned universities in Canada.

What is MBA Finance Salary in Canada?

$80,000 - $1,25,000 is the average MBA finance salary based on experience and skills, with the typical MBA fresher salary starting around $80,000/year.

What is the Course Duration of MBA Healthcare Management in Canada?

The duration of the MBA Healthcare Management program is 2 years. The most sought-after education for leadership and business abilities in hospitals, rehabilitation centres, long-term care homes, insurance firms, and pharmaceutical businesses is an MBA with a speciality in healthcare management.

Is the Indian MBA Valid in Canada?

Yes, Indian MBA certification from a recognized university is valid in Canada. Additionally, an MBA can help you qualify for permanent residence in Canada through a number of immigration routes, including the Provincial Nominee Program and Express Entry.

What is the Starting Salary of an MBA in Canada?

$60,000 is the starting salary of MBA graduates in Canada. In Canada, obtaining an MBA may lead to a variety of fascinating professions with high salaries. In Canada, the average yearly pay for an MBA is between $70,000 and $1,230,000, with an MBA fresher typically earning about $60,000.

Is it affordable for MBA Colleges in Canada for Indian Students?

Yes, MBA colleges in Canada are affordable for Indian students. List of affordable MBA colleges in Canada:

  • Memorial University of Newfoundland
  • University of Northern British Columbia
  • University of Manitoba
  • University of Ottawa
  • University of Waterloo

Can I get PR after my MBA in Canada?

Yes, you can apply for PR after completion of the MBA program with a job offer. International students may be qualified for a post-graduation work permit (PGWP) after finishing their studies in Canada. With the help of this visa, they may obtain crucial work experience in the Canadian workforce, which is essential for meeting the prerequisites for applications for permanent residence.

Is there 1 Year MBA Program in Canada?

Yes, students can pursue an accelerated 1-year program in Canada with a duration of 12–18 months.

Which MBA in Canada is Highly Paid?

MBA in finance, HR, and operations are highly paid specializations in Canada.


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Vikash

I'm a Study Abroad Consultant with 3+ years of experience, helping 1000+ students secure admission to top universities. Certified in TOEFL and Business English, he focuses on IELTS preparation and practical advice to guide students toward their academic goals.

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