MBA in Canada for Indian Students for 2025: Complete Guide
MBA in Canada is popular in many countries because of the top career and study programs in Canada. 5,60,000 student visas were issued in 2023, compared to which only 364,000 student visas will be approved in 2024 to reduce the growing number (Source).
A stay in Canada is preferable as you can become a permanent resident. The environment for international students is pleasant. You can work in Canada with a work permit after your MBA.
Canada is definitely the most welcoming country for international study! This blog is an informational guide to explore the colleges, fees and eligibility to find the right choice.
| Eligibility for MBA Colleges | Bachelors, Academic merit, Work experience, language proficiency tests like IELTS or TOEFL, GMAT, GRE, Pearson Test |
| MBA course duration | 1 to 2.5 years |
| Average Tuition Fee | 25 lakhs to 41 lakhs INR |
| Career Prospects | Project Manager, HR manager, Finance Advisor, Business Analytics |
| Specialisations | Finance, Business Analytics, Executive, General MBA |
| Average Salary | 75 lakhs INR |
| Scholarships / Internships | Offered by University |
| Living Cost | 2 lakhs |
Why Study MBA in Canada?
- The best MBA colleges in Canada rank among 200 top MBA global QS Rankings (Source).
- The employment rate is high. The work culture is diverse and multicultural. It opens international job prospects for an excellent career in business.
- MBA Colleges in Canada are globally recognised and provide great placement. Not only the education but also the work environment is welcoming to International students.
- Cities like Toronto and Montreal provide great work opportunities. They have high living standards. Canada has an affordable MBA tuition fee. Compared to other international countries for MBA, Canada is most affordable.
- The beauty of Canada and high quality advanced study programs is attracting millions of students globally and a lot of Indian students.
- Students prefer Canada because they can become a permanent resident with top MBA jobs in Canada after post graduation.
Types of MBA in Canada
- Full-Time MBA: It gives a comprehensive look into the business market. Full-time MBA provides a global perspective while working full-time. It gives you top insights from global leaders and teachers. You will work in case studies and multicultural potential for business.
- Executive MBA: Executive MBA is study with work experience. It is corporate and professional. You can work along with receiving a college education.
- Part-Time MBA: If you want to continue working as a professional, you can study part-time. Part-time MBA spans longer than full-time MBA.
Top MBA Colleges in Canada 2024
The education system in Canada is globally recognised and preferred by International students. According to QS Global MBA Rankings 2024 for canada, Canadian MBA colleges rank in the top 200 in the world:
| QS MBA Ranking | University | Tuition Fees |
| 1 | Rotman School of Management (University of Toronto) | 86 lakhs INR |
| 2 | Desautels Faculty of Management (McGill University) | 63 lakhs INR |
| 3 | Ivey Business School (Western University) | 80 lakhs INR |
| 4 | Sauder School of Business (University of British Columbia) | 63 lakhs INR |
| 5 | Smith School of Business (Queen’s University) | 64 lakhs INR |
| 6 | Schulich School of Business (York University) | 77 lakhs INR |
| 7 | Alberta School of Business (University of Alberta) | 43 lakhs INR |
| 8 | John Molson School of Business (Concordia University) | 30 lakhs INR |
| 9 | HEC Montreal (Universite de Montreal) | 37 lakhs INR |
| 10 | DeGroote School of Business (McMaster University) | 71 lakhs INR |
Rotman School of Management
Rotman School of Management was founded in 1950 in Downtown Toronto. Its Parent Organisation is the University of Toronto and it is the top MBA school in Canada.
| Address | 105 St George St, Toronto, Canada |
| Year Founded | 1955 |
| Duration of MBA course | 2 years |
| Programs offered | Executive, Combined Programs, Business Analytics |
| Phone number | +1 4169785703 |
| Official Site | https://www.rotman.utoronto.ca/ |
| Exams required | GMAT, GRE, IELTS |
Desautels Faculty of Management
The parent university is McGill University. Desautels Faculty of Management was established in 1906 in Montreal. It has over 110 professors and 3000 students.
| Address | 1001 Rue Sherbrooke O, Montreal, Canada |
| Year Founded | 1906 |
| Duration of MBA course | 20 months |
| Programs offered | Executive, MBA/LAW |
| Phone number and Email | +1 51439840000 |
| Official Site | https://www.mcgill.ca/desautels/ |
| Exams required | GMAT, GRE, IELTS, PTE |
Ivey Business School
Ivey Business School develops leaders and follows case study teaching methods. For students, it is the Top 2 colleges in Canada
| Address | 1255 Western Road London, Ontario, Canada |
| Year Founded | 1922 |
| Duration of MBA course | 1 year |
| Programs offered | Executive, Management, HBA |
| Phone number and Email | +1 519 661 3206 |
| Official Site | https://www.ivey.uwo.ca/ |
| Exams required | GMAT/GRE pre assessment test, IELTS |
UBC Sauder School of Business
At this school, MBA students learn practically. They learn from case studies and internships. Advance your future and career with career coaching.
| Address | 2053 main mall, Vancouver, Canada |
| Year Founded | 1956 |
| Duration of MBA course | 16 months |
| Programs offered | International MBA, Management |
| Phone number and Email | +1 6048228500 |
| Official Site | https://www.sauder.ubc.ca/ |
| Exams required | GMAT/GRE, IELTS, PTE |
Smith School of Business
Smith Business School MBA is ranked 1 in Canada by Financial Times Global MBA ranking 2024.
| Address | Goodes Hall, 143 union st, Kingston, Canada |
| Year Founded | 1919 |
| Duration of MBA course | 16 months |
| Programs offered | General MBA, Executive, Accelerated |
| Phone number and Email | +1 6135332301 |
| Official Site | https://smith.queensu.ca/ |
| Exams required | GMAT/GRE, IELTS, TOEFL |
Schulich School of Business
Students get a real world practical learning experience. The MBA courses are flexible with full-time and accelerated MBA.
| Address | 111 Ian MacDonald, North York, ON, Canada |
| Year Founded | 1966 |
| Duration of MBA course | 20 months |
| Programs offered | General MBA, Executive, Accelerated |
| Phone number and Email | +1 4167362100 |
| Official Site | https://schulich.yorku.ca/ |
| Exams required | GMAT/GRE, IELTS, TOEFL, essay application |
Eligibility for MBA in Canada for Indian Students
There are key factors and requirements for MBA colleges in Canada to accept you.
- 4 years Bachelor’s degree from accredited university and B+ average
- Degree certificates and official academic transcripts
- Graduate Management Admissions Test (GMAT) score of 515 or GRE score of 155
- IELTS overall band score of 7.0, TOEFL score of 100, PTE score 70
- Professional references with contact
- Work experience of 1 to 3 years
Explore more:
- PTE score requirements for Canada
- Is 7.5 a Good IELTS Score for Study Abroad?
- Is 6.5 a good score in IELTS Exam?
How long is an MBA in Canada?
MBA in Canada has options of both 1 year and 2 years for international students.
- Executive MBA: Executive MBA is study with work experience. It is corporate and professional. This program spans around 12 to 24 months.
- Part-Time MBA: If you want to continue working as a professional, you can study part-time. Part-time MBA spans longer than full-time MBA, around 2 to 3 years.
- Accelerated MBA: This MBA program is flexible and a two year full time study is designed to be completed in 12 months.
1- Year MBA in Canada
Canada has many one year MBA options that provide excellent learning opportunities to students for a fast track career. Graduates can start working early, after just one year of studies. This is also a lucrative option for most international students as they pay tuition fees for just one year instead of two.
Cost of Studying MBA in Canada for Indian Students
The cost of an MBA in Canada depends on individual lifestyles, location and expenses. Below given figures are average amounts.
Tuition Fees
The average MBA tuition fees for international students in Canada is around INR 6 lakhs to 21 lakhs. Therefore it is much more affordable than most business hubs like the USA, UK or Australia.
Living Expenses
The living cost is INR 1, 23,000 to 1,85,000 per month. Therefore, The average annual cost of living as a student would be around 9 lakhs to 12 lakhs INR.
| Expense | Cost in INR |
| Rent | 37090 to 74179 |
| Internet | 6182 to 18545 |
| Entertainment | 6182 |
| Food | 18545 to 30908 |
| Miscellaneous | 6182 |
| Clothes | 12363 |
| Transportation | 6182 |
| Groceries | 4327 |
| On-Campus accommodation | 1, 42,700 |
Read more in detail: How Much Money Is Required to Study in Canada?
Cheapest MBA in Canada for Indian Students
Canada also has some affordable options for MBA colleges that offer course quality and high standard education.
- Memorial University of Newfoundland ($9,600): The affordable MBA program is designed for students to become a professional.
- Wilfrid Laurier University ($16,990): The School has excellent faculty, large international student community and exchange programs.
- Saint Mary’s University ($22,800): The degrees are recognised and flexible, providing valuable skills to students.
Scholarships for MBA in Canada
| Scholarship Name | Details | Value |
| Michael Lang MBA Award- Alberta MBA scholarships | Academic Merit and Leadership | CAD 10,000 |
| AIMCo MBA Award- Alberta MBA scholarships | Achievements and skills in Finance | CAD 10,000 |
| Sainsbury Management | UK students, business degree in Europe or North America | Tuition Fees |
| Ivey MBA Scholarship | Leadership skills, GMAT score, strong academics, full-time MBA at Ivey Business School | CAD 10,000/ Half Tuition Fees |
| Claude Winspear MBA Award | Leadership, merit, academic excellence, enrolled in full-time MBA Finance | CAD 10,000 |
Read more in detail: Scholarships for Indian Students in Canada
MBA Specialisations for Canada
| Specialisations | Average tuition fee (INR) | Average salary (INR) |
| Consulting | 30 to 80 lakhs | 65 lakhs |
| Finance | 12 to 25 lakhs | 53 lakhs |
| Marketing | 21 lakhs to 37 lakhs | 37 lakhs |
| Digital Business | 18 lakhs to 24 lakhs | 49 lakhs |
| Technology | 22 lakhs | 39 lakhs to 1,11,26,863 |
| Business Analytics | 12 to 34 lakhs | 62 lakhs |
Jobs and Salaries after MBA in Canada
The top MBA Jobs in Canada and MBA salary in Canada are:
| Position | Salary (INR) | Job Description |
| Business Analyst | 43 lakhs | Business Analyst handles data analysis, business strategy and in the business process. |
| Financial Manager | 55 lakhs | The Financial Manager handles financial planning, accounts and budgeting. |
| Project Manager | 55 lakhs | The Project Manager leads the operations team, project operations and project management software. |
| Consultant | 61 lakhs | A Consultant handles business strategy, activities and positions. |
| Marketing manager | 49 lakhs | Marketing manager is in charge of digital marketing. He handles marketing strategies and observes market trends |
Apply for Student Visa For MBA in Canada
Applying for a Student Visa in Canada needs careful and accurate documentation. After completion of MBA, your Visa might be eligible for Permanent Residentship.
- Sign up for the Immigration, Refugees and Citizenship Canada or IRCC website.
- Submit the online application form (IMM 1294)
- Pay the application fee of CAD 130.
- Upload documents.
- Appear for a biometrics interview, if instructed.
- Wait through the processing time for approval.
- Once approved, you will receive a POE letter or Port of Entry letter of introduction.
Documentation for a Student Visa for MBA in Canada
There are some prerequisites and documentation required to secure a Student Visa.
- Letter of Acceptance from DLI Canadian college
- Provincial Attestation Letter or Territorial Attestation Letter
- Electronic Travel Authorisation
- Proof of funds like bank statements
- Proof of identity and travel documents
- Letter of Explanation
- Valid passport
- Passport size photographs
- Immigration Medical Examination or IME
- English Language Proficiency Test Results like IELTS or TOEFL
Read more in detail: Minimum bank balance for a canada student visa
Post Graduation Work Permit
After your two year MBA course, you can apply for PGWP in Canada and meet the eligibility requirements. PGWP can’t be longer than a student course duration. Maximum duration for PGWP is three years.
Eligibility Criteria for PGWP
- You must apply for PGWP within 180 days of MBA completion. Your student must also remain valid.
- The MBA course has both offline and online mode classes.
- Your studies were put off, or you worked part-time during the spring, summer and winter semesters.
- Your program must be eligible for PGWP.
- 50% of your classes were in offline mode.
- The program must be for at least 8 months.
- You completed your study at a designated learning institution.
- Studied full-time, except for valid leave or part-time study for work in the final semester.
FAQs
Is Canada good for MBA for Indian students?
Yes, canada is one of the best countries for MBA. It has an easy Visa process, top notch curriculum and high paying jobs. It is also affordable compared to other countries like the UK and Australia.
How much work experience is required in Canada?
Most colleges accept three to five years of work experience. However, one year of work experience is acceptable in some colleges.
How do MBA fees in Canada compare to colleges in other countries?
Average MBA fee in Canada is 40,000 dollars which is much cheaper than other countries. With affordable cost, the top MBA programs have quality too.
Are there opportunities for internships or practical experience during an MBA program?
Yes, Canada has internship programs with MBA. The average salary of an MBA intern is $55K a year. This can improve your resume and skills. You can work in an internship or part-time in business or management. You can work part-time as a teaching as a teaching assistant and research assistant.