Get Ahead with a Canadian MBA
A Canadian MBA gives you practical business knowledge, leadership skills, and access to high-paying jobs in top industries worldwide.
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Why Study an MBA in Canada?
- Global Recognition: Canadian MBA programs are internationally acclaimed, with six institutions ranking among the top 50 outside the U.S.
- Diverse Program Options: Canada provides a variety of MBA programs, including one-year accelerated courses.
- Affordable Tuition: The cost of an MBA in Canada ranges from CAD 22,000 to CAD 120,000.
- Post-Graduation Opportunities: Graduates often secure positions in top firms like Deloitte, EY, and KPMG.
- High Acceptance Rates: With an average acceptance rate of around 40%. Canadian MBA programs are accessible to qualified applicants.
Types of MBA in Canada
Australia offers a variety of MBA programs for different career goals and professional backgrounds. Here are the main types:
- Full-Time MBA: This immersive program provides a global business perspective. It lasts 12 to 24 months.
- Executive MBA (EMBA): This program is designed for experienced professionals and senior managers. It runs for 12 to 24 months and allows students to continue working while studying.
- Part-Time MBA: This flexible program is suited for working professionals who want to gain advanced business knowledge. It takes 2 to 4 years to complete.
Cost of Studying Masters in Business Canada
The MBA Study Cost in Canada depends on several factors such as university, program, and living. Below is a general breakdown:
Tuition Fees
Living Expenses
| Head | Cost of Living in Canada in CAD Per Month |
|---|---|
| Rent | 1,900 to 2,600 |
| Utility Expenses | 230 |
| Tenant Insurance | 30 |
| Food & Grocery | 400 |
| Clothing & Shoes | 100 |
| Transport | 105 |
| Entertainment | 100 |
Accommodation Costs in Canada
Accommodation costs are the biggest factor of living costs in Canada. This is the overview of the accommodation costs:
| Accommodation Type | Average cost per month in CAD |
|---|---|
| Hostels | $300 – $600 ($10 – $20 per night) |
| Private Apartment | $400 – $1500 |
| Shared Rental | $250 – $700 |
| Homestay | $400 – $800 |
Top MBA Colleges to Study MBA in Canada
Below are the top MBA colleges in Australia with fees:
| University | QS MBA Ranking | Tuition Fees |
|---|---|---|
| Rotman School of Management (University of Toronto) | 39 | CAD 80,000 to CAD 100,000 |
| Desautels Faculty of Management (McGill University) | 66 | CAD 50,000 to CAD 60,000 |
| Ivey Business School (Western University) | 76 | CAD 100,000 to CAD 120,000 |
| Sauder School of Business (University of British Columbia) | 101 | CAD 75,000 |
| 5 Smith School of Business (Queen’s University) | 94 | CAD 50,000 to CAD 60,000 |
| Schulich School of Business (York University) | 81 | CAD 60,000 to CAD 80,000 |
| Alberta School of Business (University of Alberta) | 96 | CAD 40,000 to CAD 50,000 |
| John Molson School of Business (Concordia University) | 51+ | CAD 50,000 |
| HEC Montreal (Universite de Montreal) | 151 – 200 | CAD 40,000 to CAD 50,000 |
| DeGroote School of Business (McMaster University) | 121 – 130 | CAD 50,000 to CAD 60,000 |
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
| Category | Details |
|---|---|
| Address | 105 St George St, Toronto, Canada |
| Year Founded | 1955 |
| Tuition Fees (annual) | Approx CAD 140,000 |
| 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 | 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.
| Category | Details |
|---|---|
| Address | 1001 Rue Sherbrooke O, Montreal, Canada |
| Year Founded | 1906 |
| Tuition Fees (annual) | Approx CAD 99,500 |
| Duration of MBA Course | 20 months |
| Programs Offered | Executive, MBA/LAW |
| Phone Number | +1 51439840000 |
| Official Site | https://www.mcgill.ca/desautels/ |
| Exams Required | IELTS, PTE |
Ivey Business School
Ivey Business School develops leaders and follows case-study teaching methods. For students, it is the Top 2 college in Canada.
| Category | Details |
|---|---|
| Address | 1255 Western Road London, Ontario, Canada |
| Year Founded | 1922 |
| Tuition Fees (annual) | Approx CAD 128,250 |
| Duration of MBA Course | 1 year |
| Programs Offered | Executive, Management, HBA |
| Phone Number | +1 519 661 3206 |
| Official Site | https://www.ivey.uwo.ca/ |
| Exams Required | 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.
| Category | Details |
|---|---|
| Address | 2053 Main Mall, Vancouver, Canada |
| Year Founded | 1956 |
| Tuition Fees (annual) | Approx CAD 104,251 |
| Duration of MBA Course | 16 months |
| Programs Offered | International MBA, Management |
| Phone Number | +1 6048228500 |
| Official Site | https://www.sauder.ubc.ca/ |
| Exams Required | IELTS, PTE |
Smith School of Business
Smith Business School MBA is ranked 1 in Canada by the Financial Times Global MBA ranking 2024.
| Category | Details |
|---|---|
| Address | Goodes Hall, 143 union st, Kingston, Canada |
| Year Founded | 1919 |
| Tuition Fees (annual) | Approx CAD 110,000 |
| Duration of MBA Course | 16 months |
| Programs Offered | General MBA, Executive, Accelerated |
| Phone Number | +1 6135332301 |
| Official Site | https://smith.queensu.ca/ |
| Exams Required | 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.
| Category | Details |
|---|---|
| Address | 111 Ian MacDonald, North York, ON, Canada |
| Year Founded | 1966 |
| Tuition Fees (annual) | CAD 72,600 |
| Duration of MBA Course | 20 months |
| Programs Offered | General MBA, Executive, Accelerated |
| Phone Number | +1 4167362100 |
| Official Site | https://schulich.yorku.ca/ |
| Exams Required | IELTS, TOEFL, Essay Application |
Eligibility for MBA in Canada for Indian Students
These are the requirements to apply for MBA in Canada.
- 4 years Bachelor’s degree or similar qualification from a renowned Institute
- GPA of 3.0 or higher on a 4.0 scale
- IELTS score of 6.5 and higher
- TOEFL score 80-100
- Statement of Purpose
- Letters of Recommendation
- Work experience of 1 to 3 years with some colleges requiring over 10 years of experience
- You might also want International student support
How long is an MBA in Canada?
An MBA in Canada is normally a 2-year program.
However, there are many variations depending on the program and the institution:
- Accelerated MBA: Some schools offer shorter, intensive programs that can be completed in 18 months or even a year.
- Part-time MBA: Designed for working professionals, these programs usually take around 2-3 years to complete.
- Executive MBA: Catered to experienced managers, these programs last around 15-24 months.
Cheapest MBA in Canada for International Students
Some of the cheapest MBA programs in Canada for international students include:
- Memorial University of Newfoundland
- University of Calgary
- University of Guelph
- University of Sherbrooke
- University of Regina
Scholarships for MBA Study 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 25,000 |
| 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 |
Jobs and Salaries after MBA in Canada
The top MBA Jobs in Canada and MBA salary in Canada are:
| Position | Salary (Annually) |
|---|---|
| Business Analyst | CAD $74,320 |
| Financial Manager | CAD $100,490 |
| Project Manager | CAD 125,777 |
| Consultant | CAD $78,134 |
| Marketing Manager | CAD $71,439 |
Requirement for Canadian Student Visa
You can come to Canada to study if you:
- You must be enrolled at a Designated Learning Institution (DLI).
- Show that you have enough money to cover tuition, living expenses, and return transportation.
- You must have no criminal record and may need a police certificate.
- You need to be in good health, and a medical exam may be required.
- You must convince the officer that you will leave Canada when your study permit expires.
Post-graduation work permit (PGWP)
After graduating from a Designated Learning Institution (DLI) in Canada, you may be eligible for a Post-Graduation Work Permit (PGWP) to work in Canada temporarily.
Not all programs qualify you for a PGWP. You have up to 180 days after graduation to apply. You’ll need to confirm:
- Your Attendance and Completion: Proof that you completed your program.
- Program Details: The name and length of your program.
- Supporting Documents: Such as your degree or diploma, transcript, or an official letter from you.
Frequently Asked Questions
Why should I choose Canada for my MBA?
Canada offers high-quality, globally recognised programs at a relatively affordable cost compared to other major study destinations.
What are the differences between an MBA and an Executive MBA (EMBA) in Canada?
An MBA (Master of Business Administration) is a general business degree, while an Executive MBA (EMBA) is a specialized MBA program for working professionals. The main differences between the two are the target audience, the program schedule, and the level of experience required.
Is work experience required for an MBA in Canada?
While work experience is not strictly mandatory for an MBA in Canada, most universities prefer applicants with at least 1-3 years of professional experience.
Can I apply for an MBA in Canada without a GMAT?
Yes, you can apply for an MBA in Canada without a GMAT score. Some Canadian universities offer MBA programs that do not require the GMAT.
Can I get financial aid or education loans for an MBA in Canada?
Yes, you can get financial aid for an MBA in Canada. The Canadian government offers grants and loans to help students pay for post-secondary education.
Can international students work while studying for an MBA?
Yes, international students can generally work while studying for an MBA, but they are usually limited to on-campus jobs and only 20 hours per week.
Does an MBA in Canada provide Post-Graduation Work Permit (PGWP) eligibility?
Yes, an MBA in Canada can make you eligible for a 3-year Post-Graduation Work Permit (PGWP). The length of your PGWP depends on the level and duration of your study program.
Do I need to write a Statement of Purpose (SOP) for my application?
Yes, SOP is an essential document for Canada visa application. It sums up the candidate’s objectives and reasons for studying in Canada, along with plans.
