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Top MBA Universities in Canada 2024-25: Fee Structure, Ranking
Edited By Porishmita Paul | Updated on Jul 24, 2024 02:21 PM IST
Canada is one of the top countries in the world for MBA programmes. MBA in Canada is a full–time programme, however, many top Canada universities offer part-time, executive, and dual degrees for international students. The duration of most MBA programmes in Canada is 2 years. But, in recent years, the one-year MBA from Canada has become increasingly popular among overseas students due to its short study duration, financial flexibility, and career opportunities. In this article, we have covered the top 10 MBA colleges in Canada as per the latest QS MBA Rankings Canada 2024. Canada offers top MBA programmes in multiple specialisations including Marketing, Management consulting, International Business, Finance, and Business analytics. The average MBA cost in Canada for Indian students ranges from CAD 20,000 to CAD 130,000 for top–tier universities. A few best universities for MBA in Canada for international students include Rotman School of Management, Desautels Faculty of Management, Ivey Business School, Sauder School of Business, and others.
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This article includes the top 10 MBA colleges in Canada along with their annual fees, ranking, and other significant details. Read the full article to learn more about MBA in Canada for international students.
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 Times Higher Education 2024 MBA rankings worldwide.
Top MBA Universities in Canada 2024
Canada Universities Offering MBA | QS MBA Rankings Canada 2024 |
Rotman School of Management | 1 |
Desautels Faculty of Management | 2 |
Ivey Business School | 3 |
Sauder School of Business | 4 |
Smith School of Business | 5 |
Schulich School of Business | 6 |
Alberta School of Business | 7 |
John Molson School of Business | 8 |
HEC Montréal | 9 |
DeGroote School of Business | 10 |
Rotman School of Management: University of Toronto
Rotman School of Management of the University of Toronto is among the top MBA universities in Canada 2024. 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
Particulars | Details |
Duration | 20 months |
Tuition fees | CAD 103,001 |
Average Salary | CAD 87,000 |
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
Particulars | Details |
Duration | 12 and 20 months |
Tuition fees | CAD 99,500 |
Average Salary | CAD 85,500 |
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 approx. 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
Particulars | Details |
Duration | 12 and 20 months |
Tuition fees | CAD 102,100 |
Average Salary | CAD 92,084 |
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 2024. 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
Particulars | Details |
Duration | 12 months |
Tuition fees | CAD 120,500 |
Average Salary | CAD 117,997 |
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 2024. 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
Particulars | Details |
Duration | 12 and 20 months |
Tuition fees | CAD 106,900 |
Average Salary | CAD 94,200 |
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.
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
Canada Universities Offering MBA | Tuition Fees (For 1st Year) |
Rotman School of Management | CAD 131,120 |
Desautels Faculty of Management | CAD 99,500 |
Ivey Business School | CAD 120,500 |
Sauder School of Business | CAD 90,057 |
Smith School of Business | CAD 102,100 |
Schulich School of Business | CAD 106,900 |
Alberta School of Business | CAD 60,000 |
John Molson School of Business | CAD 41,500 |
HEC Montréal | CAD 54,000 |
DeGroote School of Business | CAD 86,000 |
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
Alberta School of Business
Scholarships to Study MBA in Canada
B-School | Range of Financial Aid |
Rotman School of Management Scholarships | Up To CAD 40,000 |
Sauder School of Business Entrance Scholarship | CAD 5,000–CAD 15,000 |
Alberta Business School | CAD 10,000 |
Ivey Business School | CAD 10,000 to 50% of tuition fees |
Haskayne School of Business MBA Entrance Scholarships | CAD 1,500– CAD 20,000 |
Schulich School of Business Scholarships | CAD 20,000- CAD 40000 |
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:
Rowe School of Business, Dalhousie University
Goodman School of Business, Brock 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.
Frequently Asked Questions (FAQs)
1. Which MBA is best in Canada?
Canada offers various specialisations for MBA courses. However, deciding which course is best in Canada for international students is very challenging as it depends on the personal choices of the students and their career goals. However, some popular MBA specializations In Canada for Indian students include Marketing, Management consulting, International Business, Finance, and Business analytics.
2. Is MBA costly in Canada?
Yes, MBA is costly in Canada for Indian students. The average MBA in Canada fees for international students is around CAD 20,000 to CAD 130,000 excluding the cost of living. International students aiming to apply for MBA in Canada can apply for various scholarships and student grants to sustain themselves in the country.
3. Is MBA worth it in Canada?
Yes, MBA is worth it in Canada. MBA graduates from Canada universities are among the highest salaried employees in the global business market. Also, the employability rate for MBA in Canada has been very high over the years. Therefore, studying MBA in Canada is worth it for international students.
4. Which university is No 1 in Canada for MBA?
Toronto University is considered to be the No. 1 in Canada for MBA. The university offers various full-time as well as part-time MBA options for international students that lasts from 12 weeks to 32 months. Due to its quality of studies and career opportunities, Toronto is ranked number 1 in the QS MBA Rankings Canada 2024.
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Questions related to
Get answers from students and experts
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
Hello Aspirant
Foreign Universities require a candidate to have a 4-year Bachelor's degree from a recognized University/college with enough credits. The problem that many Indian students face is that they have a degree in bachelor's but in a 3-year course. This stops them from pursuing further studies at a foreign university. Still, some universities offer bridge courses for such students. For this, they need to reach their universities 2-3 months prior and do the Bridge course. But all of this depends on the university. This is why NEP introduced the new 4-year bachelor's course.
The best course of action is to go to the Canadian Universities' websites that you wish to join and contact their admissions office via mail and talk to them about your situation, they'll help you out with it. Also, when you sit for their interviews and have a valid answer for your gap year after your Bachelor's, it would be great if you have work experience for that duration.
Hope this helps.
Ishita 20 July,2024
The eligibility criteria for MHCET (Maharashtra Common Entrance Test) can be based on domicile rather than place of birth.
MHCET often considers domicile, not necessarily the place of birth, for exam eligibility. Since your son has completed his entire school education in Maharashtra, this might strengthen his case for domicile in the state.
Overall, while being born in Canada might not be a direct disqualifier, having completed his schooling in Maharashtra strengthens his case for domicile in the state. By gathering documents to prove his residence and referring to the official MHCET website or helpline, your son can get a clearer picture of his eligibility for the exam.
https://www.careers360.com/exams/mht-cet
I hope it helps!
Nitin Kumar 08 June,2024
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.
Sajal Trivedi 08 March,2024
Dear aspirant !!
Hope you are doing good !!
Indian students must have an MBBS and clear USMLE tests to gain admission to post graduation after MBBS abroad in USA . It is important to understand that an MD/Doctor of Medicine (USA equivalent of MBBS in India) degree alone is not enough to practise medicine. A Medical PG in any specialisation is necessary..
Hope it helps you !!
Thanking you !!
Shivanshu 26 February,2024
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