10 Best MBA Colleges in Canada 2026 Intake

As per information shared by Minister of State for External Affairs Kirti Vardhan Singh in Rajya Sabha, over 13 Lakh Indian students are pursuing higher education abroad; Canada is the top choice, with an impressive enrollment of 4.27 lakh students (source).

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This flow in popularity aligns with the rise of Canadian MBAs, solidifying the nation’s position as a global leader in management education. To assist you in making an informed decision, this article covers the 10 Best MBA Colleges in Canada (& Universities) for the 2026 intake.

Why Study for an MBA in Canada?

There are plenty of reasons to study MBA in Canada, and some of the top ones include:

1. Great place to live: Canada ranks third globally for the best quality of life (source). You get the same rights as Canadians.
2. Lower costs: Tuition fees in Canada are generally lower than in Australia, the U.K. and the U.S. (source).
3. Good job prospects: Many international students who study in Canada get jobs and even permanent residency.
4. Work while studying: You can often work part-time while studying and full-time after graduating.
5. Strong alumni network: Canadian business schools maintain active alumni networks that provide mentorship, job referrals, and networking opportunities.
6. Global recognition: An MBA from Canada is respected worldwide, leading to good job opportunities.
7. Practical learning: Many best MBA programs in Canada offer hands-on experience through internships and projects.

10 Best MBA universities in Canada (& Universities) for 2026 Intake

1. Rotman School of Management

The University of Toronto’s Rotman School of Management is known for academic excellence in the field of business education. Renowned for its innovative curriculum and cutting-edge research initiatives, Rotman offers a dynamic learning environment that fosters collaboration and critical thinking.

With a diverse student body and world-class faculty, the school provides several opportunities for networking and personal growth. As a top-ranked institution, Rotman equips its graduates with the skills and knowledge needed to excel in today’s competitive business world.

2. Desautels Faculty of Management

The Desautels Faculty of Management, located at McGill University in Montreal, is renowned for its innovative approach to business education. With a history dating back over a century, Desautels combines tradition with cutting-edge research and teaching methods. The faculty prides itself on fostering a collaborative learning environment where students from diverse backgrounds come together to exchange ideas and explore new horizons in business.

Desautels covers a wide range of subjects like Managerial Economics, Operations Management, Organizational Strategy, Information Systems, and Marketing Management.

3. Ivey Business School (Best MBA Colleges in Canada)

Ivey Business School develops leaders and follows case-study teaching methods. For students, it is the Top 2 college in Canada. The full-time MBA Program in London, Ontario is ranked No. 1 in Canada by Bloomberg Businessweek.

Known for its case study method, Ivey immerses you in real-world business scenarios, preparing you for the dynamic challenges of the corporate realm. It is the best program for networking in Canada.

4. Smith School of Business – Queen’s University

Queen’s Smith School of Business is known for its excellence in business education, practical teaching methods and business skills.

The school’s strong network of alumni and industry connections further enhances the MBA experience, providing valuable networking opportunities and access to job placements.

5. 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 expert career guidance and much more

UBC Sauder is ranked 16 for business research excellence in North America. Sauder’s faculties have world-class experience and teach the latest theoretical and applied knowledge.

6. Schulich School of Business (Best MBA Colleges in Canada)

Students get a real-world practical learning experience. The MBA courses are flexible with full-time and accelerated MBA. Located in Toronto, this esteemed institution is renowned for its innovative programs, practical skills and strong industry connections.

With a diverse student body and a global network of alumni, Schulich offers a dynamic environment for your MBA journey.

7. Alberta School of Business

The Alberta School of Business is ranked among the top 10 universities for research (Financial Times of London 2013). Students get exposure to career management skills in a corporate or entrepreneurial environment.

The wide range of curriculum includes financial management, Ethics and Corporate Social Responsibility, Accounting Information and Internal Decision Making, Data Analysis and Decision Making, International Business, and Operations Management.

8. John Molson School of Business

With a focus on preparing students for real-world challenges, Concordia offers a range of MBA programs that cater to diverse career goals. The university’s prime location in Montreal adds an extra layer of cultural richness to the academic experience. When considering Concordia for your MBA, take note of its strong emphasis on experiential learning, providing you with the skills needed in the competitive world. It is among Canada’s Top 5 MBA programs (The Economist & Bloomberg Businessweek rankings).

9. HEC Montreal (Universite de Montreal)

HEC Montreal has a quality hands-on experience with a rich HEC Montréal environment, business networking, knowledge sharing, and job-search assistance. It has a truly innovative learning environment and cutting-edge Classroom technology. The innovative program features a case method workshop, diversity, equity, leadership, and Strategy & Sustainable Development.

10. DeGroote School of Business (McMaster University)

The business school has an engaging hands-on experience that shapes students’ current industry demands, prepares them for future opportunities, and builds professional skills. Practical case studies and group projects with real organizations give students the right path to success.

MBA in Canada for international student requirements

For MBA in Canada, you need to meet some straightforward yet essential requirements:

1. Bachelor’s Degree: You must have a degree from a recognized institution.
2. Academic Excellence: Aim for a GPA of 3.0 on a 4.0 scale, showcasing your commitment to academic success.
3. English Proficiency: Demonstrate your English skills through tests like TOEFL, IELTS, or similar assessments.
4. GMAT/GRE Scores: While not mandatory for all programs, having solid scores is often recommended.
5. Work Experience: Especially important for full-time programs, having 2+ years of work experience is preferred.
6. Documents: Statement of Purpose (SOP), LOR, resume, portfolio, etc.

Cheapest MBA Colleges in Canada for International Students

Here’s a breakdown of some of the cheapest universities in Canada for MBAs:

Best MBA schools in Canada without GMAT

Several esteemed institutions understand that standardized tests aren’t the only measure of your potential. Here are some top and affordable MBA colleges in Canada for Indian students offering GMAT-free MBA programs, allowing you to pursue an MBA in Canada without GMAT:

Best MBA Colleges in Canada without Work Experience

Some MBA programs in Canada that offer MBA without work experience are as follows:

Popular MBA Jobs and Salary in Canada

The world-renowned programs in Canada bring the best opportunities and recruiters.

Factors to Consider while Choosing MBA College in Canada

Key factors when choosing an MBA college in Canada:

• Program alignment: Specialization, curriculum, coursework.
• Accreditation and rankings: Accreditation, rankings.
• Location and campus: City, campus environment.
• Faculty and alumni network: Faculty expertise, alumni network.
• Career services: Career support, alumni mentorship.
• Cost and financial aid: Tuition, financial aid.
• Student life and diversity: Student life, diversity.
• International students: Visa requirements, student support.
• Post-MBA goals: Career paths, networking.

Choose a college that best aligns with your academic and professional goals.

Conclusion

Canada has some of the best business programs in the world. Students must check through the wide variety of course content and learning methods to choose the right MBA college for their study abroad dream. Book your free consultation today to avail the free overseas education counseling with us!

Frequently Asked Questions

1. What is the total cost for studying in Canada?

For Indian students pursuing an MBA in Canada, fees range from INR 10 Lakhs to INR 40 Lakhs for the first year. Top-tier universities may reach INR 50-70 Lakhs. It’s crucial to factor in living costs, averaging around INR 12 to 15 Lakhs annually.

2. What are the top 5 MBA colleges in Canada?

The top 5 MBA colleges in Canada, according to various rankings, are:

• Rotman School of Management
• Desautels Faculty of Management
• Ivey Business School
• Smith School of Business
• UBC Sauder School of Business

All business programs in Canada have top program structures and the best one depends on your career goals, priorities, and profile. MBA best colleges in Canada are:

• Rotman School of Management, University of Toronto
• Desautels Faculty of Management, McGill University
• Ivey Business School, Western University
• Queen’s Smith School of Business
• Sauder School of Business

3. What is the average salary after MBA in Canada?

Average MBA salary in Canada is generally around CAD 80,000 to CAD 120,000 per year. However, some graduates may earn significantly more or less depending on the factors mentioned above

4. Is an MBA in Canada more affordable than in other countries?

Yes. It is more affordable than in the USA or UK, and an MBA in Canada has an impressive return on investment. The living costs are cheaper than in countries like Australia, the UK, or the USA.

5. What is the duration of an MBA in most top MBA colleges in Canada?

Mostly, the durations are around 12 to 24 months. Other programs are for 18 to 20 months. The types of programs are accelerated MBA, Full Time, Online, Part-time, and Executive MBA.

6. Can I do MBA part-time in Canada?

Yes, you can absolutely pursue a part-time MBA in Canada. Many reputable Canadian universities offer part-time MBA programs designed to accommodate working professionals. These programs often have flexible schedules and allow you to balance your studies with your career.

7. What are the career options after MBA in Canada?

Here are some popular career paths:

• Finance and Accounting: investment banking, corporate finance, financial analysis, accounting, etc.
• Consulting: management consulting, technology consulting, etc.
• Marketing and Sales: marketing management, sales management, brand management, etc.
• Human Resources: human resources management, talent acquisition, etc.
• Operations Management: operations management, supply chain management, etc.

8. How do I reduce the cost of pursuing an MBA in Canada?

To reduce the cost of an MBA in Canada:

• Choose affordable universities and explore scholarships.
• Work part-time or participate in co-op programs.
• Live frugally and negotiate tuition fees.
• Consider online or hybrid programs.

9. What are the eligibility criteria for pursuing an MBA in Canada?

Applicants need a bachelor’s degree, a competitive GPA, work experience (usually 2-5 years), GMAT/GRE scores (if required), English proficiency (IELTS/TOEFL), and strong recommendation letters. Some universities may have additional prerequisites.

10. What is the minimum GMAT or GRE score required for admission?

Most Canadian MBA programs require a GMAT score of 550-650, though top schools like Rotman and Schulich prefer 650+. Some universities accept GRE scores with equivalent percentile rankings. Waivers may be available for exceptional candidates.

11. Are there MBA programs in Canada that do not require GMAT?

Yes, some universities, like Queen’s, Ivey, and Schulich, offer GMAT waivers based on academic performance, work experience, or alternative assessments. Some MBA programs, like the Executive MBA, may not require GMAT at all.

12. What are the job prospects after completing an MBA in Canada?

MBA graduates can secure roles in consulting, finance, marketing, and tech, with average salaries ranging from CAD 80,000 to CAD 120,000. Companies like Deloitte, Amazon, and RBC actively recruit from top business schools.

13. Do Canadian universities offer scholarships for international MBA students?

Yes, many universities offer merit-based and need-based scholarships, including the Ontario Graduate Scholarship and school-specific awards. External funding sources and assistantships may also be available for eligible candidates.

14. What are the work permit and post-graduation opportunities after an MBA in Canada?

Graduates can apply for a Post-Graduation Work Permit (PGWP), allowing them to work in Canada for up to three years. This experience can lead to permanent residency through Express Entry or Provincial Nominee Programs.

15. How competitive is the admission process for top MBA colleges in Canada?

Admission is highly competitive at schools like Rotman, Ivey, and McGill, requiring strong academics, high GMAT/GRE scores, impressive work experience, and leadership potential. A well-crafted SOP and strong recommendation letters improve chances.