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Average Salary of MBA Graduates in Canada in 2025
Edited By Prabhjyot Kaur | Updated on Mar 25, 2025 12:06 PM IST
Canada has become a top destination for international students, especially those aiming to pursue an MBA in Canada. Due to its strong economy, excellent education system, and wide range of job opportunities, Canadian universities provide graduates with a strong foundation for thriving in the global business world. However, many MBA students often wonder: What is the average salary of MBA graduates in Canada? In 2025, the average salary of MBA graduates in Canada can differ based on various factors, such as the university, industry, specific job role, and where they are located.
Latest: Canada Country Guide
This Story also Contains
- Factors Affecting MBA Salary in Canada
- Average Salary of MBA Graduates from Top Universities in Canada
- Popular MBA Specialisations with Average Salaries in Canada
- Average MBA Salary in Canada (City-Wise)
- Return on Investment (ROI) after MBA in Canada
Factors Affecting MBA Salary in Canada
Before understanding the average MBA salaries, it is crucial to understand factors that can affect the salary of MBA graduates in Canada.
Location: The region you are in can make a big difference in salary. In Canada, major cities like Toronto, Vancouver, and Montreal usually offer better pay, due to the presence of multinational companies, financial institutions, and other big industries.
Specialization: Graduates who specialize in finance, consulting, or tech-related areas often find themselves with more salary as compared to those who go for general management or marketing.
Experience: Your professional background before starting an MBA can also play a role in salary expectations. Those with previous work experience, particularly in management positions, are likely to land higher-paying jobs.
Company Size and Industry: The industry or size of the company you work for can influence your salary. Generally, graduates in finance, consulting, or tech sectors tend to earn more than those in non-profit or government roles.
Average Salary of MBA Graduates from Top Universities in Canada
Canada boasts some of the finest business schools in the world. These institutions are known for their academic standards, innovative programs, and strong industry connections. If you are considering an MBA in Canada, aiming for one of these universities will provide you with theoretical insights and practical skills, which will further prepare you for leadership positions in the dynamic global market.
Here’s a list of the top universities in Canada that offer MBA programs with the average salary of an MBA graduate.
University | Business School | Average Salary after MBA in Canada (in CAD) |
Rotman School of Management | 120,000 | |
Smith School of Business | 100,000 | |
Ivey Business School | 130,000 | |
Desautels Faculty of Management | 149,000 | |
DeGroote School of Business | 103,500 | |
Schulich School of Business | 178,000 | |
Sauder School of Business | 110,000 | |
Ted Rogers School of Management | 175,000 | |
Alberta School of Business | 97,000 | |
John Molson School of Business | 113,000 | |
Rowe School of Business | 100,000 | |
- | 90,000 |
Popular MBA Specialisations with Average Salaries in Canada
An MBA is a flexible degree that can lead to a wide range of career opportunities in business, management, finance, marketing, etc. However, the specialization you select during your MBA in Canada can influence your career path and potential earnings. In Canada, some MBA specializations are particularly in great demand as they offer higher salaries. Below are some of the most popular MBA specializations and the salary ranges associated with them in Canada.
1. MBA in Finance
Canada has a great financial sector that has turned an MBA in Finance into a demanding course. Careers in finance open up possibilities, ranging from financial management to investment banking, and offer attractive salary packages.
Job Title | Top Recruiters | Average Annual Salary (in CAD) |
Financial Analyst | EY, KPMG, PwC, Deloitte | 160,000 |
Investment Banker | Goldman Sachs, Morgan Stanley, CIBC | 120,000 |
Financial Manager | CWC, Reliance Kitchen, PBC, TD Bank | 241,000 |
Portfolio Manager | Fidelity, BlackRock, TD Asset Management | 110,000 |
Chief Financial Officer | QAcademy | 243,000 |
General Manager | Canada Immigration and Visa Service | 220,000 |
2. MBA in Human Resources
An MBA in Human Resources in Canada covers essential topics like talent acquisition, employee relations, organizational behavior, leadership development, and compensation management. Canadian universities emphasize hands-on learning, offering internships and case studies that prepare students for the real-world challenges they will face in HR. With the growing demand for skilled HR professionals, graduates can look forward to exciting and well-paying opportunities across various sectors, including healthcare, finance, and technology.
Job Title | Top Recruiters | Average Annual Salary (in CAD) |
Human Resources Manager | Scotiabank, Walmart, Loblaws, Maple Leaf Foods | 178,000 |
Human Resources Officer | Employment and Social Development Canada | 74,900 |
Talent Acquisition Manage | Amazon, Microsoft, Google | 80,000 |
Human Resources Training Executive | Surrey Urban Mission Society, City of Toronto, Government of Saskatchewan | 132,000 |
Recruiting Manager | McKinsey & Co., Amazon Advertising Canada | 175,000 |
3. MBA in Operations and Supply Chain Management
An MBA in Operations and Supply Chain Management in Canada enables students to study topics like inventory management, strategic sourcing, global supply chain operations, and risk management. Given Canada’s strong focus on international trade, this specialization opens up career opportunities in a variety of sectors.
Job Title | Top Recruiters | Average Annual Salary (in CAD) |
Operations Manager | Government of Saskatchewan, Accenture, IBM, Capgemini | 207,000 |
Operations Analyst | Bank of America, Porter Airlines, and DHL | 139,000 |
Supply Chain Manager | Capgemini, KPMG | 226,000 |
Business Operations Associate | EY, University of British Columbia, Burberry | 147,000 |
Chief Operating Officer | Prairie Centre Credit Union, Vessi | 209,000 |
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4. MBA in International Business
An MBA in International Business in Canada prepares students for leadership positions in the dynamic global marketplace. This program dives into global business strategies, international trade, cross-cultural management, and global marketing.
Job Title | Top Recruiters | Average Annual Salary (in CAD) |
Business Analyst | BFL Canada | 154,000 |
Business Development Manager | Sales Force | 191,000 |
Business Consultant | IBM Canada | 141,000 |
5. MBA in Marketing
An MBA in Marketing in Canada provides students with a solid foundation in key areas like strategic marketing, understanding consumer behavior, digital marketing, and brand management. Graduates can explore careers in advertising, market research, product management, and sales.
Job Title | Top Recruiters | Average Annual Salary (in CAD) |
Marketing Manager | Microsoft, HOYA Vision Care, Unilever, P&G, L'Oreal | 209,000 |
Marketing Executive | Nestle, Johnson & Johnson | 163,000 |
Marketing Analyst | TELUS, Nielsen, Ipsos, Kantar | 126,000 |
Brand Manager | Coca-Cola, Pepsi, Nestle | 75,000 |
Market Development Manager | Trelleborg Sealing Solutions | 167,000 |
Digital Marketing Manager | Google, Facebook, Amazon | 80,000 |
Average MBA Salary in Canada (City-Wise)
The average salary of MBA graduates in Canada can differ based on the city. Typically, bigger cities that have more corporate offices, multinational companies, and financial institutions tend to offer better pay.
1. Toronto
Toronto is considered the financial and business hub of Canada. As a result, it offers the highest salaries for MBA graduates. The city is home to major corporations in sectors like finance, consulting, technology, and marketing, making it a hotspot for high-paying roles.
Average salary of MBA graduates in Toronto: CAD 80,000 - CAD 120,000 per year
2. Vancouver
Vancouver has a strong tech industry and a wide variety of businesses. MBA graduates in this city frequently discover job opportunities in tech, consulting, and real estate. While the salaries are competitive with those in Toronto, they tend to be a little less than in Toronto.
Average salary of MBA graduates in Vancouver: CAD 75,000 - CAD 110,000 per year
3. Montreal
Montreal's cost of living is generally more affordable compared to Toronto and Vancouver. However, MBA graduates can still expect good salaries, especially in fields such as aerospace, technology, and pharmaceuticals.
Average salary of MBA graduates in Montreal: CAD 65,000 - CAD 95,000 per year
4. Calgary
Calgary is known for the energy, oil, and gas sectors. MBA graduates who have skills in operations, finance, and project management can earn great salaries here.
Average salary of MBA graduates in Calgary: CAD 80,000 - CAD 110,000 per year
5. Ottawa
As the capital city, Ottawa is a hub for opportunities, especially in government services, public policy, and the tech industry. MBA graduates can expect decent salaries here, which are less than what is offered in Toronto or Vancouver because of the emphasis on public service and non-profit work.
Average salary of MBA graduates in Ottawa: CAD 70,000 - CAD 100,000 per year
6. Edmonton
Edmonton's job market is based oil and gas industry, but there are also some job openings in manufacturing, construction, and healthcare. While MBA salaries here are competitive, they usually are lower than in other cities in Canada.
Average salary of MBA graduates in Edmonton: CAD 70,000 - CAD 95,000 per year
Return on Investment (ROI) after MBA in Canada
Let us understand the ROI after MBA in Canada.
The average cost of MBA in Canada is
Public Universities: CAD 30,000 - CAD 50,000 per year
Private Universities: CAD 50,000 - CAD 80,000 per year
Additional costs (books, living expenses, fees) apply.
The average salary of MBA graduates in Canada is
Entry-Level Salary: CAD 70,000 - CAD 90,000 per year
Mid-Level Salary (5-7 years experience): CAD 100,000 - CAD 120,000 per year
Senior-Level Salary (10+ years experience): CAD 130,000 - CAD 150,000+ per year
When you look at the average starting salary for MBA in Canada, it is realistic to think you could earn back your initial investment in just around 3-4 years.
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Frequently Asked Questions (FAQs)
1. Which MBA field has highest salary in Canada?
In Canada, MBA specializations like Finance and Consulting usually lead to higher salaries. After that, Operations, IT, and HR can provide you with good salary packages in Canada.
2. What is the salary for entry level MBA in Canada?
If you're an entry-level MBA graduate in Canada, you can earn an average salary between CAD 80,000 and CAD 120,000 a year. Your salary could be even higher based on your specialization, the industry you choose, and your level of experience.
3. Is MBA high in demand in Canada?
Yes, an MBA is highly demanded in Canada. It provides great job opportunities and ways for career growth, especially in fields such as finance, technology, and consulting.
4. Which is the top 1 MBA in Canada?
The Rotman School of Management at the University of Toronto is often considered as the top 1 MBA in Canada. Situated in Toronto, which is the financial heart of the country, Rotman is in a prime location. Some other great MBA programs in Canada are McGill University's Desautels Faculty of Management, Western University's Ivey Business School, Queen's University's Smith School of Business, York University's Schulich School of Business, and the University of British Columbia's Sauder School of Business.
5. Is it easy to get job in Canada after MBA?
Getting a job in Canada after MBA is usually easy especially if you have the right skills and experience. MBA graduates are highly demanded in various fields like finance, consulting, technology, and healthcare. Also, Canada has a great job market with plenty of openings for skilled MBA professionals. Having prior experience in your desired field or related to your major can make you a stronger candidate.
Articles
Mar 25, 2025
Mar 25, 2025
Questions related to
Get answers from students and experts
Hello,
Yes, you can pursue MD in Radiology in Canada after completing a B.Sc. in Radiology, but you need to complete a recognized medical degree (like MBBS) first. After that, you must pass the Medical Council of Canada Qualifying Examination (MCCQE) and complete a residency in radiology. Alternatively, you can explore postgraduate diploma or master’s programs in medical imaging or radiology if you wish to specialize without an MD.
Hope this helps you,
Thank you
https://www.careers360.com/courses/md-radiology
Tanya Gupta 18 March,2025
hi ,
yes , you can pursue undergraduate degree in AI ML in Canada with 65% in 12th grade , bit your options may be limited since many top universities require a minimum of 75-70% , however with some colleges or universities with flexible admission requirements may accept you .
eligibility criteria for AI /ML in Canada
academic requirement - Most top universities require 70-80% in 12th PCM for direct admission.Some colleges/universities accept students with 60-70% in 12th PCM.
English proficiency test -
(if your schooling was in English, some institutions may waive this)
- IELTS: 6.0 – 6.5 overall (no band below 6.0)
- TOEFL: 80 – 90 (iBT)
- PTE: 50+
mathematics requirement
Since AI & ML are math-heavy, having good grades in Math (especially Calculus) will strengthen your application.
hope this helps
Kenma Kozume 03 March,2025
Hi Madhvi,
With 42% in 12th, admission to universities in Canada can be challenging, as most require at least 50-60%. However, you still have options:
-
Diploma Programs
– Some colleges like Seneca, Humber, or Centennial offer diploma courses with flexible entry requirements.
-
Foundation Programs
– You can take a pathway course in Canada to improve your academic profile before entering a degree program.
-
Private Colleges
– Some private institutions accept lower percentages, but research them well before applying.
- Improve Academics – Consider reappearing for 12th exams or taking additional certification courses to boost your profile.
Also, ensure you meet the IELTS/TOEFL score requirements for student visas.
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
kumardurgesh1802 16 February,2025
After completing a BBA in Finance, top programs in Canada include MBA (Finance), Master of Finance, Master in Financial Analytics, CFA certification, or PG diplomas in Financial Planning, Investment Banking, and Risk Management. Choose based on career goals, budget, and university reputation.
Ankit 30 January,2025
Hello there,
NEET (National Eligibility cum Entrance Test) is primarily an entrance exam for medical courses in India. If you're considering studying medicine in Canada, here are some key points to consider:
NEET and Medical Studies in Canada:
-
Not Required for Admission : NEET is not required for admission to medical schools in Canada. Canadian medical schools have their own admission criteria, which typically include undergraduate degree requirements and standardized tests like the MCAT (Medical College Admission Test).
-
Eligibility for International Students : To apply to medical schools in Canada, you usually need to complete a bachelor's degree (often with a focus on science) and achieve a good score on the MCAT.
-
Application Process : Each Canadian medical school has specific admission requirements. It's important to research individual schools to understand their criteria, including GPA requirements, volunteer experience, letters of recommendation, and personal statements.
-
Recognition of Indian Medical Degrees : If you complete your medical studies in Canada, your degree will be recognized, but if you study medicine in India, you’ll need to go through the Medical Council of Canada (MCC) exams to practice in Canada.
Recommendations:
-
Research Canadian Medical Schools
: Look into the specific requirements for the medical schools you are interested in.
-
Prepare for MCAT
: If you're aiming for medical school in Canada, focus on preparing for the MCAT and meeting the prerequisite courses for admission.
Conclusion:
NEET is not necessary for studying medicine in Canada. Instead, focus on completing an undergraduate degree, taking the MCAT, and meeting the admission requirements of Canadian medical schools.
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
kumardurgesh1802 12 October,2024
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