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MBA in Canada: Ranking, Eligibility, Fees, Duration, Advantages

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MBA in Canada: Ranking, Eligibility, Fees, Duration, Advantages

Edited By Hema Gopalakrishnan | Updated on May 30, 2023 12:03 PM IST

MBA in Canada: Being a degree which ranks amongst the most sought-after and best-paid degrees in the world, MBA doesn’t come cheap. An MBA program at any of the top universities like Stanford or Harvard in the USA, for example, has some of the highest tuition fees in the world taking into regard all disciples and programs. Therefore, candidates planning on pursuing an MBA abroad should be aware of the prevailing fee structure in the top universities and also the cost of living in order to financially prepare themselves for the program. Canada, in terms of tuition, is significantly less expensive than the USA and therefore an increasing number of students have been applying for an MBA in Canada from India, making it one of the hot spots for business education.

MBA in Canada: Ranking, Eligibility, Fees, Duration, Advantages
MBA in Canada: Ranking, Eligibility, Fees, Duration, Advantages

Before we delve into the details regarding the cost of studying MBA in Canada or MBA course fees in Canada, here’s what an MBA in Canada has to offer -

  • Business schools in Canada offer a welcoming environment

  • Exceptionally high quality of life

  • Opportunities to work, both on-campus and off-campus

  • An easy-to-maneuver visa process and immigration policy.

Advantages of Pursuing an MBA in Canada -

The MBA is available throughout the world but here are a few points which will be discussed which makes fulfills the purpose of pursuing an MBA.

  • MBA at Best Cost for Quality Education - Even though the university fees seem a bit higher it is comparatively less expensive in other countries and it is worth of the education in terms of both practical and theoretical knowledge.

  • Multi-cultural environment - The college environment is mixed with people from different countries, and cultures, which gives you an exposure to multicultural as everyone is welcomed over there.

  • Availability of Financial support - As the education in Canada, is recognized worldwide, there are many scholarships, and education loan facilities for the MBA course students.

Eligibility for pursuing MBA in Canada - Everyone is eligible to study an MBA course in Canada without consideration of race, gender, and background to pursue an MBA in Canada for international students.

Here few basic things for MBA in Canada requirements for International Students are listed below -

  • For an age limit below 18 years - a study permit is required

  • A bachelor's degree from a recognized university.

  • Identity proofs like passport and student visa are mandatory

  • A decent GMAT score

  • An English proficiency test score like TOEFL or IELTS

  • Previous work experience proofs, if any.

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MBA in Canada Fees Details

A major component of the total cost of study in Canada is the tuition fee, which differs with the university of application, a similar trend to the one followed for MBA fees in top Business Schools across countries. At the top is Rotman School of Management, the number one B-school in Canada according to QS MBA rankings, where the two-year program costs around $132,000. Ivey Business School and Smith School of Business follow close behind with tuition fees equivalent to $133,355 and $104,100 respectively.

The MBA in Canada fees for Mid-range B-schools such as the Alberta School of Business have tuition fees in the range of CAD $30,000 per year.

The best program to look out for MBA in Canada is the program offered by HEC Montreal with a total tuition of an exceptionally low CAD $59,000. Additionally, the program offered by HEC Montreal is 1 year in duration, and therefore, prospective students can also cut down on a lot of other costs which constitute living expenses in Canada.

Furthermore, a shorter program would entail that the candidate can enter the professional environment and start earning earlier. This does not mean that two-year programs are a disadvantage, as they have their own unique features. The best thing to do would be to choose a program that best suits the applicant, both monetarily and otherwise. Here from the below table choose the universities of both highest and cheapest MBA in Canada for international students.


MBA in Canada - Ranking, Duration, Fees

B-School

Avg. Work experience of applicants

Program duration

Tuition Fees

CAD $





Rotman School of Management, University of Toronto

8 years

2 years

$132,000

Desautels Faculty of Management, McGill University

5 years

2 years

$99,500

Ivey Business School, University of Western Ontario

4.8 years

1 year

$133,355

Schulich School of Business, York Université

5 years

1 year

$112,250

Smith School of Business, Queen’s University

5 years

1 year

$104,100

HEC Montréal

7 years

1 year

$ 59, 000

Sauder School of Business, University of British Columbia

5 years

16 months

$51,415

John Molson School of Business, Concordia University

13.5 years

16 months

$47,900

Alberta School of Business, University of Alberta

3.8 years

2 years

$60,000

Beedie School of Business, Simon Fraser University

5 years

16 months

962.40 per unit


Cost of living in Canada

The secondary source of expenditure contributing to the cost of pursuing an MBA in Canada is living costs, which include accommodation, transportation costs as well as personal expenses. The estimated cost of living in Canada varies depending on the city of residence. Accommodation cost depends on various factors, including the type of accommodation which could be either shared or single. Living near the campus would further reduce transportation costs, as well as help students, save time.

Insurance Fee for Pursuing MBA in Canada

For students who want to pursue MBA in Canada, additional charges for health insurance are also required to be paid. Without a valid health insurance, most universities do not offer admission. There is no fixed insurance plan, with universities mostly having their own preferred ones, like the University of Toronto has a University Health Insurance Plan (UHIP) and Sauder School of Business has Medical Services Plan (MSP). These plans don’t have any fixed figures for charges and may vary from program to program, depending on the course duration, extended coverage, and the extent of coverage. Sometimes, the overall tuition for MBA in Canada is inclusive of health insurance charges.

Also in addition to health insurance, travel insurance is also a requirement for prospective students, especially since students are required to travel a lot. While travel insurance isn’t mandatory for admission, it is recommended by many universities.

Process for applying to MBA in Canada

Once meeting the eligibility requirements, apply for the English proficiency test like TOEFL, IELTS, PTE, Duolingo, and MBA entrance tests like GMAT or GRE. These exams will submit your test score for the MBA universities which you have selected during the test registration process. Based on the cutoff scores of each university either your profile will be shortlisted or you can apply to universities online.

Application documents for MBA in Canada requirements are listed -

  • Letter of Recommendations

  • Statement of Purpose

  • Academic Certificates- From 10th to latest degree

  • Identity Proofs- Passport, Visa

  • Standardised Test Score Reports

Expenses Related to Admission Requirements

As part of the admission requirement, candidates have to show TOEFL/IELTS scores as proof of English language proficiency. Another major requirement for MBA admission is GMAT or GRE test scores. All of these tests are significantly higher priced and affect any prospective student’s pocket to an extent.

Work Opportunities in Canada

While the fee for an MBA in Canada isn’t usually as high as the fee for the top programs in the USA, arranging for such finances can still be a challenge for many, especially those coming from economically weaker sections. To overcome these difficulties to an extent, there are a number of options for working while studying in Canada. Citizenship and Immigration Canada (CIC) allows international students to work on-campus or off-campus or even opt to work as co-opt students or interns during their stay in the country. Students who are qualified for off-campus work can work up to 20 hours a week during their academic sessions and can work full-time during the holidays. To be eligible for on-campus work, the candidate needs to be a full-time student and have a valid work permit. This enables students to work at various bookstores, university libraries, and coffee shops.

Students looking for financial help are urged to check out scholarship options, as there are many organizations willing to extend a helping hand to meritorious students.

Scholarships for MBA in Canada - With an increasing number of MBA students in Canada from worldwide, the government, non-government organizations, and universities of Canada encourages the students by providing scholarships every year. The scholarships depend mostly on the merit obtained from the GMAT score. It is advisable to students that the more their academic achievements and score in GMAT. Please check the detailed information on MBA scholarships before applying for more details regarding MBA scholarships in Canada.

A few scholarships are -

  • Ontario Graduate Scholarship (OGS) Program

  • Rotman School of Management Scholarships

  • Sauder School of Business Entrance Scholarship

Job Opportunities after MBA in Canada

Well there ar plenty of job opportunities in various sectors which are available in Canada after completion of MBA. A few of them are listed for your reference.

  • Finance- Analyst, Advisor, Chief Financial Officer

  • Management- Marketing, Operations, Finance, Sales, Consulting, Supply Chain

  • Admistration-Business

  • Recruitment- Human Resource

Also read:

Frequently Asked Question (FAQs)

1. What is the average cost of an MBA in Canada?

On average, you can spend between $30,000 and $40,000 on an MBA in Canada. The figure includes research expenses only. Combined with living expenses, it will be 50,000-60,000 CAD. 

2. How long does it take to get an MBA in Canada?

In Canada, MBA courses last one to two years. However, some universities offer short-term MBAs of less than one year. For example, Ivey Business School offers an accelerated MBA program lasting 8 to 12 months.  

3. Is an MBA in Canada expensive?

ROI must be considered when considering the cost-effectiveness of a program. Yes, an MBA in Canada is expensive, with tuition for a two-year course as high as $105,000 CAD. But you should consider the salary packages and opportunities offered after graduation.

4. Is it possible for pursuing MBA in Canada without GMAT?

Along with GMAT, GRE is also another option for students to pursue MBA to get admission into the best MBA in Canadian universities. There are still top universities that provide MBA admission without these entrance tests. You can please check the information regarding universities before applying.

5. For students who completed MBA in Canada salary starts from?

A very basic salary you can expect after completing an MBA from a recognized university in Canada ranges from 7 Lac to 12 Lac (in INR) per year. But on average, the MBA salary in Canada is 57 Lac (70,000 $) per year.

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Hello aspirant,

Canada offers ample opportunities in the field of radiology. With a B.Sc in Radiology, you can explore various career paths in Canadian healthcare institutions, including hospitals, diagnostic imaging centers, and clinics. It's advisable to research the specific requirements and licensing procedures for radiology professionals in the province where you plan to settle, as regulations may vary. Pursuing further certifications or examinations recognized by Canadian authorities can enhance your prospects in the field of radiology in Canada.

Thank you

Hope this information helps you.

Different job profiles have tour operator, travel manager, holiday consultant, event manager, etc. Hospitality and Tourism earn will find jobs in hotels, aviation industry, restaurants, bars, etc. where skilled experts are required to help tourists with their travel and stay in different places.

Hope this is useful.


Hello!

First of all it is confusing if you want to know about colleges in Canada or Pune. So I'm information for both the places.

These two institutions in Pune, Maharashtra provides B. Sc in Biomedical Science-

  • Sunandan Divatia School of Science, Mumbai
  • Savitribai Phule Pune University

Now, universities in Canada which are considered best for biomedical science are as follows-

  1. Ryerson University
  2. University of Ottawa
  3. McMaster University
  4. University of Guelph
  5. York University
  6. University of Waterloo
  7. University of Calgary
  8. Carleton University

Hope this helps!

There are various recognised and prominent colleges in Canada which are offering masters in mechanical engineering. The first year fees of these colleges and institutes varies from 13.3 lacs to 24.3 lacs. Mentioned below are the name of some of the popular institutes offering masters in mechanical engineering along with their location:

  1. University of Alberta Edmonton
  2. University of manitoba Winnipeg
  3. Lakehead University thunderbey
  4. University of New Brunswick Saint John
  5. McGill University Montreal
  6. Conestoga college kitchener
  7. University of Calgary
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  9. University of Ottawa
  10. Laval University


Dear Aspirant,

Yes, you can pursue MBA in Canada after BBA. For that you will need to give the GMAT/ GRE exams for applying to the best colleges there. Some of the top Canadian colleges for MBA include The University of Toronto- Rotman School of Management, Queen’s Smith School of Business, York University - Schulich School of Business, UBC Sauder School of Business, Alberta School of Business, etc. All the best!

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A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Production Manager
3 Jobs Available
Merchandiser
2 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Metallurgical Engineer

A metallurgical engineer is a professional who studies and produces materials that bring power to our world. He or she extracts metals from ores and rocks and transforms them into alloys, high-purity metals and other materials used in developing infrastructure, transportation and healthcare equipment. 

2 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
QA Manager
4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
ITSM Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
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