Top MBA Universities in Canada 2025-26: Fee Structure, Ranking

Top MBA Universities in Canada

An MBA in Canada is one of the highly sought-after qualifications. The below table complies with the list of top MBA universities in Canada according to QS 2025 MBA rankings worldwide.

Top MBA Universities in Canada 2025

Rotman School of Management: University of Toronto

Rotman School of Management of the University of Toronto is among the top MBA universities in Canada 2025. The university offers various full-time MBA as well as part-time MBA courses for international students. The duration of a full-time MBA programme in Canada is approximately 20 months. Many universities offer short-term courses like Graduate Diploma in Professional Accounting and part-time MBA, which lasts from 12 weeks to 32 months. Rotman School of Management also offers Executive MBA and Global MBA courses for professionals in Leadership positions.

Rotman School of Management MBA Details

Desautels Faculty of Management: McGill University

Desautels Faculty of Management of McGill University is consistently ranked among the top MBA universities in Canada and the world. The university has around 8 Integrated and Area-Specific Research Centres exclusively for management research. The university offers different full-time, part-time, executive, and dual degree programmes for international students. The average GMAT score of its class is around 675.

MBA at Desautels Faculty of Management

Smith School of Business: Queen's University

The Smith School of Business offers 12-month MBA programmes for international students. The average salary of an MBA graduate from Smith is approximately, CAD 92,084. The university also offers various internship opportunities for international students to advance their careers and be leadership-ready. Some of the Business fundamental subjects offered at Smith include Business Analytics, Business and corporate strategy, Finance fundamentals, Managing human capital, and Operations and supply chain management.

Smith School of Business MBA Details

Ivey School of Business: Western University

The Ivey School of Business ranking is the third-best among the top MBA university in Canada as per the latest QS Global MBA Rankings Canada 2025. The one-year MBA programme at Ivey has been ranked number one for seven consecutive years by Bloomberg BusinessWeek. The minimum GMAT requirement for the Ivey School of Business is around 680. The average cost of MBA at Ivey is around CAD 120,500.

Ivey School of Business MBA Highlights

Schulich School of Business: York University

Schulich School of Business of York University has been ranked as the top 6th MBA university in Canada as per the latest QS Global MBA Rankings Canada 2025. The Schulich MBA programme allows students to switch between full-time or part-time status. The university is among the best universities in Canada for MBA for International students for potential career opportunities. Amazon, Deloitte, IBM, and P&G are some of the top recruiters who hire MBA graduates from York University. The average GMAT score for top MBA courses at Schulich is approximately 660.

Schulich School of Business

Eligibility for Top MBA Schools in Canada

International students aiming to apply for an MBA degree in the fall intake in Canada need to fulfill some eligibility criteria of the university. A few common MBA eligibility requirements in Canada for international students are as follows:

Minimum Entry Requirements of Top MBA Universities in Canada:

• An undergraduate degree with a minimum GPA of 3.3 (88%).

• Minimum IELTS score of 6.5.

• Minimum five years of professional experience.

• Average GMAT score of 550.

• At least two professional letters of recommendation.

• Statement of purpose.

• Canada student visa.

• Proof of financial support.

Fees for Top MBA Colleges in Canada

After comparing fees for various universities, the average cost of studying MBA in Canada ranges from CAD 20,000 to CAD 130,000 for Indian students. However, students must consider the ROI before planning to study MBA in Canada.

Top MBA Universities in Canada with Fees

Cheapest MBA Colleges in Canada for International Students

Canada also offers affordable MBA options to international students. Apart from the ones that charge huge amounts as tuition, there are other colleges that cheaper MBA options in Canada. Being budget-friendly does not mean any compromise on quality. The below-mentioned list of affordable MBA programmes offers quality education and is recognized globally.

Here’s the list of the top 10 cheapest MBA colleges in Canada

• Memorial University of Newfoundland

• University Canada West

• University of Ottawa

• University of Northern British Columbia (UNBC)

• Laval University

• Simon Fraser University

• Vancouver Island University

• Alberta School of Business

• Brandon University

• Concordia University

Scholarships to Study MBA in Canada

Top MBA Colleges in Canada Without GMAT

Can I do an MBA in Canada without GMAT? Yes, you can do an MBA in Canada without GMAT. Many top Canada universities offer admission to international students without an MBA. However, for top universities, MBA can add a plus point to your application that helps to to stand out among other students.

MBA in Canada Without GMAT: Admission Requirements

Here's the key eligibility requirements to apply for admission to top MBA colleges in Canada:

• Bachelor’s degree in a related or specified field.

• At least 2 years of prior work experience.

• English language proficiency test scores.

• A minimum GPA of 3.0 or above.

• Detailed information on the educational and professional background of the students.

• Two or more letters of recommendation.

• GRE scores as an alternative to GMAT.

MBA Universities in Canada Without Work Experience

Generally, MBA universities in Canada require a minimum of 2-3 years of work experience to secure admission to MBA programmes. However, many universities waive the requirement for work experience or consider alternative means to admit international students. Some top MBA universities in Canada without work experience are given below:

• New York Institute of Technology

• Thompson Rivers University

• Rowe School of Business, Dalhousie University

• Goodman School of Business, Brock University

• Vancouver Island University

• Queen's University

• York University

• University of Toronto

Why Study MBA in Canada?

The advantages of studying MBA in Canada for international students are listed below:

• Top MBA universities in Canada are comparatively more affordable for international students as compared to the top world countries like the USA, Australia, and the UK.

• MBA in Canada is globally recognised that offers exposure to the competitive job market.

• Candidates completing a full-time MBA degree in Canada are eligible to apply for a post-study work visa in Canada. Which allows them to apply for PR in Canada as an international applicant.

• The average salary of an MBA graduate in Canada is CAD 85,000 to USD 120,000 per annum which is comparatively much higher than the average cost of MBA in Canada.

• Canada offers broad MBA specialization for international students which offers flexibility to choose the desirable business careers.

• The employment rate of MBA in Canada is very high. MBA in Canada in top specialisations like Finance, consulting, healthcare, and technology, are in high demand in the global job market.