Quick Summary
- Top best MBA colleges in Canada for Indian students, highlighting their reputation, program offerings, faculty expertise, industry connections, and career opportunities.
- The benefits and advantages of pursuing an MBA in Canada for Indian students include access to high-quality education, multicultural learning environments, global networking opportunities, post-graduation work options, and potential pathways to Canadian permanent residency.
- The general eligibility requirements for Indian students seeking to study MBA programs in Canada, include academic qualifications, standardized test scores (such as GMAT or GRE), work experience (if required), English language proficiency, and application procedures.
Table of Contents
Over the past few decades, MBA has become one of the most competitive academic fields globally. The MBA program in Canada is one of the most sought-after in the world. Many international students move to Canada every year to pursue an MBA degree. Continue reading to discover the best MBA Colleges in Canada.
People of many different backgrounds coexist peacefully in Canada making it a great option for studying MBA outside India. Canadian institutions also regularly appear on top-tier university rankings published by Times Higher Education and QS Research, among others.
Read on to learn about the benefits of pursuing an MBA in Canada. We have listed out the top 10 MBA colleges in Canada covering everything ranging from fees to GMAT scores. Read and make the right decision for your future.
Top 10 MBA Colleges in Canada
Canada has several great universities and colleges that offer MBA degrees to both national and international students. Many of them rank among the top institutions in the world, and the competition to get through them is huge.
If you wish to pursue an MBA degree in the country, here is a list of the Top MBA colleges in Canada with fee structures:
1. Rotman School of Management, University of Toronto
The Rotman School of Management at the University of Toronto is on a mission to become one of the world’s top ten business schools. It offers both an Executive MBA and a Full-Time MBA program. Rotman is considered the best MBA college in Canada based on rankings.
2. Desautels Faculty of Management, McGill University
The MBA program at McGill University’s Desautels Faculty of Management is one of the most well-known and dynamic in the world. The curriculum combines research, practice, and teaching in an integrated way. The school boasts impressive alumni and faculty, including 6 Nobel Prize winners and 127 Rhodes Scholars. It’s no surprise that Desautels is considered one of the best business schools in Canada.
3. Ivey Business School, University of Western Ontario
Ivey Business School at Western University is known globally for its excellent management programs. It has a strong alumni network of over 23,000 students from 98 countries. To get in, you’ll need to take the GMAT. It’s one of the top MBA colleges in Canada for international students.
4. UBC Sauder School of Business
The Sauder School of Business at the University of British Columbia is one of the top academic business schools in the world. It focuses on providing excellent education to prepare students to become future business leaders. According to the 2022 Times Higher Education World University Rankings by subject, Sauder is ranked 35th globally for business and economics.
5. Smith School of Business, Queen’s University
Smith School of Business at Queen’s University is ranked 5th among the best MBA colleges in Canada for international students. They accept new students for the full-time MBA program in January and September each year.
6. York (Schulich School of Business)
The Schulich School of Business is in Toronto, Canada’s business hub. It creates innovative programs to train future business leaders. Schulich offers various management courses in finance and marketing. Students can also get scholarships worth up to CA$ 85,000. It’s one of the top MBA programs in Canada for international students, with a shorter duration.
7. Alberta School of Business
The Alberta School of Business at the University of Alberta is a top global institution for business education and research. It offers diverse programs like Bachelor of Commerce, MBA, Executive MBA, and specialized master’s degrees. The school emphasizes innovation, entrepreneurship, and leadership in research.
8. Concordia (John Molson)
The John Molson School of Business at Concordia University in Montreal is a well-known business school. It offers various programs like undergraduate degrees, MBAs, Executive MBAs, and specialized master’s degrees. The school focuses on entrepreneurship, innovation, and responsible management.
9. HEC Montréal
HEC Montréal is a top business school in Montreal, Quebec. It was founded in 1907 and is part of the Université de Montréal. The school offers various programs like undergraduate degrees, MBAs, and specialized master’s degrees. It focuses on research, innovation, and international business.
10. DeGroote School of Business
The DeGroote School of Business is part of McMaster University, one of Canada’s top universities. It offers both undergraduate and postgraduate programs. DeGroote is known for its excellent MBA programs, which provide practical knowledge. Students can choose between full-time and online MBA options.
MBA Colleges in Canada – Course Duration
Here is the course duration for MBA programs at the listed Canadian universities in tabular form:
| University | Full-time MBA | Part-time MBA | Executive MBA | Dual Degree Programs |
|---|---|---|---|---|
| Rotman School of Management, University of Toronto | 2 years | 3 years | 16 months | Varies |
| Desautels Faculty of Management, McGill University | 1 year | 2 years | 15 months | Varies |
| Ivey Business School, University of Western Ontario | 1 year | N/A | 16 months | Varies |
| UBC Sauder School of Business | 16 months | 2.5 years | 20 months | Varies |
| Smith School of Business, Queen’s University | 1 year | 2 years | 16 months | Varies |
| York University (Schulich School of Business) | 1.5 to 2 years | 2.5 to 3 years | 16 months | Varies |
| Alberta School of Business | 16 months | 2.5 years | 20 months | Varies |
| Concordia University (John Molson School of Business) | 1 year | 2 years | 16 months | Varies |
| HEC Montréal | 1.5 years | 2.5 years | 16 months | Varies |
| DeGroote School of Business, McMaster University | 16 months | 3 years | 18 months | Varies |
MBA Colleges in Canada – QS Rankings
| QS MBA Ranking 2024 | University Name | QS MBA Global Ranking 2024 |
|---|---|---|
| #1 | Rotman School of Management (Toronto) | #40 |
| #2 | Desautels Faculty of Management (McGill) | #73 |
| #3 | Richard Ivey School of Business (Western) | #74 |
| #4 | Sauder School of Business (UBC) | #89 |
| #5 | Stephen J.R. Smith School of Business (Queen’s) | #92 |
| #6 | Schulich School of Business (York) | #98 |
| #7 | Alberta School of Business (Alberta) | #121-130 |
| #8 | John Molson School of Business (Concordia) | #131-140 |
| #9 | HEC Montreal (Montreal) | #151-200 |
| #10 | DeGroote School of Business (McMaster) | #151-200 |
Types of MBA in Canada
Here’s the information in a tabular format with brief descriptions:
| Type of MBA Program | Description | Duration | Ideal For |
|---|---|---|---|
| Full-Time MBA | Prepares students for leadership roles with global experiences and insights from top faculty. | 1-2 years | Students who can study full-time. |
| Part-Time MBA | Allows working professionals to balance work and study over a longer period. | Varies | Working professionals. |
| Executive MBA | Combines practical corporate knowledge with classroom learning for career growth. | 13 months | Professionals seeking to enhance their careers while working. |
Here’s a concise overview of the different types of MBA programs offered by the best MBA colleges in Canada.
Best MBA Colleges in Canada – Cost of studying
Here’s a breakdown of the costs for studying at top MBA colleges in Canada in tabular form:
| Cost Category | Estimated Range (CAD) | Details |
|---|---|---|
| Tuition Fees | $20,000 – $130,000 per year | Varies by institution and program type |
| Living Expenses | $10,000 – $20,000 per year | Depending on the city and lifestyle |
| Additional Costs | $2,000 – $5,000 per year | Includes books, supplies, and other fees |
| Financial Aid | N/A | Scholarships, part-time jobs, and other financial aid options may help reduce overall costs |
This table provides a clear overview of the estimated costs and potential for financial assistance.
Compairing Top MBA Colleges & Top Business Schools
Here’s an easy comparison of the top 20 MBA colleges in Canada, looking at tuition fees, GMAT scores, locations, and the types of MBA programs they offer:
| Sr. No | MBA Colleges in Canada | Tuition Fees CAD (International Student) | GMAT Score | Location | Type of MBA Program |
|---|---|---|---|---|---|
| 1 | The University of Toronto – Rotman School of Management | $131,120 | 670 | Toronto | Full-time, Part-time, Executive, and dual degree |
| 2 | Queen’s Smith School of Business | $102,100 | 654 | Kingston | Full-time, Part-time, Executive, and dual degree |
| 3 | Western University – Ivey Business School | $120,500 | 680 | London | Full-time, Executive, dual degree |
| 4 | McGill University – Desautels Faculty of Management | $99,500 | 675 | Montreal | Full-time, Part-time, Executive, and dual degree |
| 5 | York University – Schulich School of Business | $106,900 | 660 | Toronto | Full-time, Part-time, Executive, and dual degree |
| 6 | UBC Sauder School of Business | $90,057 | 650 | Vancouver | Full-time, Part-time, dual degree |
| 7 | Alberta School of Business | $60,000 | 650 | Edmonton | Full-time, Part-time, Executive, and dual degree |
| 8 | Concordia University – John Molson School of Business | $41,500 | 640 | Montreal | Full-time, Part-time, and Executive MBA |
| 9 | HEC Montréal | $54,000 | 625 | Montreal | Full-time, Part-time, and Executive MBA |
| 10 | Rowe School of Business | $82,205 | 550+ | Halifax | Online, corporate residency, Dal MBA |
| 11 | McMaster University – DeGroote School of Business | $86,000 | 580-700 | Burlington | Full-time, Part-time, and Executive MBA |
| 12 | Brock University – Goodman School of Business | $70,317 | 550+ | St. Catharines | Full-time, Part-time MBA, and dual degree |
| 13 | University of Ottawa – Telfer School of Management | $64,000 | 510-720 | Ottawa | Full-time, Part-time, Executive, and dual degree |
| 14 | Simon Fraser University – Beedie School of Business | $58,058 | 615 | Vancouver | Full-time and Part-time |
| 15 | Sobey School of Business | $43,000 | 590 | Halifax | Full-time, Part-time, Executive, and dual degree |
| 16 | Wilfrid Laurier University | $49,738 | 550-640 | Toronto/Waterloo | Full-time, Part-time MBA, and dual degree |
| 17 | University of Victoria | $38,419 | 550+ | British Columbia | Full-time, Executive, and Part-time |
| 18 | The University of Calgary – Haskayne School of Business | $29,087 | 550+ | Calgary | Full-time, Part-time, Executive, and dual degree |
| 19 | Ryerson University – Ted Rogers School of Management | $47,391 | 550-750 | Toronto | Full-time and Part-time MBA |
| 20 | Edwards School of Business | $54,854 | 550+ | Saskatchewan | Full-time and Part-time MBA |
Also Read: How To Get A Job in Canada From India
Eligibility Criteria to Study MBA in Canada
Eligibility to study MBA in Canada determines which applicants are accepted. We have outlined the most fundamental requirements for students who wish to pursue an MBA at top B-schools in Canada below.
- Earn a Bachelors degree from an accredited institution with a grade point average at or above that set by the institution.
- Work experience in a similar role is required.
- Valid GMAT or GRE score required.
- Include your test results gauging your command of the English language, such as the International English Language Testing System (IELTS), the Pearson Test of English (PTE), etc.
It’s commonly agreed that Canadian universities are more budget-friendly than their American counterparts. Students can get an excellent education here for a lower fee. MBA Students in Canada can also earn enough money by finding part-time jobs and supplementing their income.
It is imperative to consider all your needs, aspirations, and available resources before selecting your college for an MBA in Canada. Do thorough research, and make your decision for the best MBA college in Canada.
Evaluate numerous career choices to choose the right career path for yourself. Dive in to our guide on Career Advice.
Why Pursue MBA in Canada?
Canada is a great place to do an MBA for many reasons:
- Top Universities: Ten Canadian universities are among the top 200 in the world for MBA programs, according to the QS World University MBA Rankings (2022).
- High Salaries: Graduates with a Canadian business degree are among the top earners.
- Scholarships: Most Canadian schools give entrance scholarships based on your grades and achievements. These scholarships look at how well you’ve done in school and the leadership skills you’ve shown through your studies, activities, and work experience.
- Job Opportunities: The Canadian government supports small businesses and start-ups, creating more jobs for MBA graduates.
- High Employment Rate: Over 90% of international graduates find jobs within six months, thanks to strong ties between universities and industries.
- Easy Settlement: Canada’s friendly work policies make it easy for international students to stay and work after graduation.
These points make Canada a smart and attractive choice for your MBA.
Scholarships in Canada for Indian Students
Canada offers a variety of scholarships for Indian students, including government-funded, institutional, and non-governmental scholarships, to help reduce the financial burden of studying abroad.
Studying for an MBA in Canada costs between $30,000 and $40,000 per year, which is cheaper than in many other countries. It usually takes about two years to finish an MBA. Here are some government scholarships for Indian students:
- Shastri Indo-Canadian Institute
- Canadian Commonwealth Scholarship and Fellowship Plan
- Ontario Graduate Scholarship Program
- Quebec Provincial Government Scholarship
Frequently Asked Questions (FAQ’s)
Which MBA is best in Canada?
To obtain an MBA in Canada, some of the most reputable schools to attend include the Ivey Business School, the Rotman School of Management, and the Schulich School of Business, amongst many other excellent schools.
Is an MBA costly in Canada?
Getting an MBA in Canada can cost you anywhere from $22,000 to $120,000. For an Indian student, this is the equivalent of spending between 12 and 68 lakhs. Only the tuition portion of the total is included in the price. Books, supplies, and living expenses are just some extras to budget for.
Is Canada a good option for an MBA?
According to what we discovered in the article, students from India who are interested in obtaining a Master of Business Administration degree from one of the most prestigious educational institutions in the United States should give serious consideration to doing so.
What is the duration of an MBA in Canada?
In Canada, a Master of Business Administration degree can be earned in one to two years. However, an “accelerated MBA” can be achieved in as little as a year at certain universities. The MBA program at Ivey Business School can be completed in as little as eight months to a year.
Why pursue an MBA in Canada?
The top five benefits of earning the Best MBA in Canada are as follows:
1) Reasonable school fees.
Exceptional quality of life.
3) Work permit program for new graduates in Canada.
4) Globally recognized MBA programs.
5) Diverse and pluralistic culture.
Other Related Reads
To read more related articles, click here.
Got a question on this topic?