Top MBA Universities in Canada 2024 - Rankings, Admission, Eligibility, Fees

Top MBA Universities in Canada - After the USA, Canada is highly held as the best place to receive global MBA degrees. Accordingly, Canadian business schools are one of the most highly regarded B-Schools in the world for cutting-edge MBAs. While tuition fees are not the cheapest, an MBA from Canada is high-yielding in terms of job prospects. The average salary of an MBA graduate in Canada is more than 65 Lakh per annum (in INR). Moreover, top MBA universities in Canada allow flexibility to choose the format and specialisation of MBA along with plenty of placement-related support after study in Canada.

Latest: Canada Country Guide

This Story also Contains

1. Top MBA Universities in Canada 2024
2. University of Toronto (Rotman School of Management)
3. University of British Columbia (Sauder School of Business)
4. University of Montreal (HEC Montreal)
5. Western University (Ivey School of Business)
6. McGill University (Desautels Faculty of Management)
7. University of Alberta (Alberta School of Business)
8. University of Waterloo
9. McMaster University (DeGroote School of Business)
10. York University (Schulich School of Business)
11. University of Calgary (Haskayne School of Business)
12. Eligibility for Top MBA Schools in Canada
13. Tuition Fees for Top MBA Colleges in Canada
14. Advantages of Studying in Top Universities for MBA in Canada
15. Disadvantages of Studying in Top Universities for MBA in Canada

Some of the best universities in Canada for MBA offer purely case-study methods of learning, while it is also possible to directly begin an entrepreneurial journey during the MBA studies itself. Read the full article to know why MBA in Canada is a good choice, why to choose the top MBA universities in Canada, eligibility, etc.

Top MBA Universities in Canada 2024

MBA in Canada is one of the highly sought-after qualifications. 2024 MBA rankings of universities in Canada prove that. Every year, QS and Times Higher Education rate universities across the world based on top subjects. The below table complies with the list of top MBA universities in Canada according to Times Higher Education 2024 MBA rankings worldwide.

Best Universities in Canada for MBA

University of Toronto (Rotman School of Management)

Rotman School of Management of the University of Toronto is among the top MBA universities in Canada for 2024. The university offers various Master's, graduate, full-time MBA, and part-time MBA courses. Executive MBA and Global MBA are offered for professionals in Leadership positions. While the full-time MBA program duration is two years, there are short-term courses like Graduate Diploma in Professional Accounting (12-week summer course) and part-time MBA (32 Months). Mention of U of T among the top MBA universities in Canada is rightly justified as the programs are tailored to the level of students. While it is ranked number one in Canada, globally, Rotman School of Management is at 24th place for MBA.

University of British Columbia (Sauder School of Business)

The University of British Columbia is renowned for innovation, expanding business knowledge and changing leadership perspectives, Sauder School of Business is among the top MBA universities in Canada for 2024. More than 20 business and management-related degrees are offered at Bachelors, Masters, diploma, professional, and doctoral levels including full-time MBA. Total cost of a full-time MBA is nearly 87 Lakh Indian rupees including living costs in Canada at this one of the top MBA universities in Canada. Average GMAT score of class 2023 was recorded to be 649, while the minimum GMAT requirement is 510. Among the MBA enrollment for 2023, 67% of international students were there. Most MBA graduates were placed in consulting, finance, marketing, and general management roles in 2022.

University of Montreal (HEC Montreal)

The University of Montreal is known as the first business school in Canada. HEC Montreal is a bilingual business school among top MBA universities in Canada. Over 150 management programs are offered at various levels of study, which is one of the highest among top MBA universities in Canada. Twenty-two programs are offered in the English language medium. Full-time MBA program is one year in duration. HEC Montreal MBA graduates have seen a 97% placement rate with a 60% increase in salaries in the latest placements. Studying at HEC Montreal helps build a strong business network in Montreal and across the world. Work after study in Canada assistance is provided. However, aspiring students must ensure that they have three years of full-time work experience to apply for an MBA at HEC Montreal.

Western University (Ivey School of Business)

The third among the top MBA universities in Canada for 2024, Ivey School of Business of Western University . It offers a one-year MBA that has been ranked number one for seven consecutive years by Bloomberg BusinessWeek. It is the largest producer of Asian and Indian business cases in the world. What makes Ivey School of Business one of the leading top business Schools in Canada is the value for Money. 92% of MBA graduates landed job offers within three months of graduation, with the average package going up to 85 Lakh Indian rupees. The minimum GMAT requirement for Ivey School of Business for 2022 was 520. Ivey Business School's method of learning prepares students to become leaders by doing.

McGill University (Desautels Faculty of Management)

Offering a range of business programs at UG, PG, and doctoral levels, Desautels Faculty of Management of McGill University is consistently ranked among the top MBA universities in Canada and the world. Not just hands-on business programs, but Desautels Faculty of Management has invested heavily in research. There are 8 Integrated and Area-Specific Research Centres exclusively for management research. Regular, full-time MBA offered at McGill offers flexibility to complete it in a one-year or two-year course. A year MBA includes an internship along with additional elective courses to complete, which is possible to complete in 16 months. The flexibility to design contents of specializations in MBA also adds it to the list of best universities in Canada for MBA.

University of Alberta (Alberta School of Business)

Alberta School of Business of University of Alberta is another one of the top MBA universities in Canada that offers a two-year (20-month) full-time MBA course. International students can experience a collaborative environment, mentorship from outstanding faculty, and extensive career coaching at the Alberta School of Business. Along with a full-time MBA, more than 15 certificate, undergraduate, graduate, and PhD programs are offered in the management stream. As part of a full-time MBA, students can go for a summer internship that gains them professional credits. Student Leadership, Project-based Learning, Community Service Learning, Applied Technical Training Sessions, and case competitions are some of the highlights of studying MBA at Alberta School of Business.

University of Waterloo

Studying MBA at the University of Waterloo, students will be learning in the most entrepreneurial-intense environment. Waterloo is known for its entrepreneurial ecosystem, which is a perfect setting to receive quality mentorship, support, and inspiration to become future leaders. What sets the university apart is its unique Master of Business, Entrepreneurship, and Technology (MBET) program offered instead of a regular MBA. Right from the beginning, the emphasis is on building things. On campus, the Accelerator Centre is ranked fifth in the world. The provision of business incubators and support for students to capitalize on their business ideas are just some of the reasons why it is among the top MBA universities in Canada for 2024.

McMaster University (DeGroote School of Business)

Another best choice among top MBA universities in Canada is DeGroote School of Business affiliated with McMaster University . Times Higher Education 2024 has placed it at 201-250 position in the world, and 8th among the top MBA universities in Canada. Full-time MBA at DeGroote School of Business 20-month program that includes an optional 4-month paid internship. It is recommended for anyone with 1-7 years of work experience. DeGroote School of Business offers an international exchange program that prepares students for global markets. Five variations of MBA courses are offered depending on the length of work experience along with MBA specialisations in Health Services Management, and Strategic Business Valuation.

York University (Schulich School of Business)

Schulich School of Business of York University has been ranked globally at 201-250 in Times Higher Education for top MBA universities in Canada. It is among the best universities in Canada for MBA for International students who are seeking a high degree of flexibility. Along with 17 areas of specialisation, Schulich School of Business allows switching between full-time and part-time enrollment. It is possible to accelerate and complete a full-time MBA in 8 months. Weekend and Evening MBA formats are also being offered to working professionals. Amazon, Deloitte, IBM, and P&G are some of the prominent recruiters who hire MBA graduates from York University.

University of Calgary (Haskayne School of Business)

Haskayne School of Business is among the top MBA universities in Canada for the right reasons. It is flexible, diverse, real-time, and value for money. MBA at University of Calgary is one of the cheapest MBA programs in Canada. It costs only INR 15.24 Lakh to complete the course. The average salary recorded in the latest MBA placement report indicated CAD 117,000, which is around 70.5 Lakh Indian rupees. This is a huge ROI that is more than 400%. At the undergraduate level, a four-year Bachelor of Commerce is offered in more than 18 specialisations including Risk Management and Insurance, Real estate, and Tourism Management.

Eligibility for Top MBA Schools in Canada

Top MBA programs in Canada have above-average requirements for admission. While the common eligibility criteria mentioned by universities are mandatory to fulfil, heavy competition raises the bar high. In such cases, candidates with high academic qualifications, English proficiency, and work experience may be given preference.

Minimum Entry Requirements of Top Ranked MBA Programs in Canada

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

• 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.

Tuition Fees for Top MBA Colleges in Canada

IDP global says that the average cost of MBA in Canada falls between CAD 30,000-40,000. Top MBA universities in Canada charge up to ₹85 L for a full MBA course. However, ROI is one of the important factors when planning to study MBA in Canada.

Cost of Top MBA Universities in Canada

Scholarships to Study MBA in Canada

Advantages of Studying in Top Universities for MBA in Canada

The advantages of studying at top MBA universities located in Canada are listed below.

1. Top MBA universities in Canada are more affordable than their counterparts in USA, Australia, and the UK.

2. Top MBA universities in Canada offer globally recognized MBA programs that prepare students for the competitive job market.

3. Completing a 2-year MBA leads to a 3-year work permit in Canada. It makes getting PR in Canada effortless.

4. High ROI: The average salary of an MBA graduate in Canada (CAD 83,000) is around 200% higher than the average cost of MBA (CAD 40,000).

5. Broad availability of specialisations in top MBA universities that offer flexibility in choosing an MBA course.

6. Top MBA universities in Canada have a 90%+ employment rate. MBA in Finance, consulting, healthcare, and technology, are in high demand in the Canada job market.

7. Competition to top MBA universities in Canada is less compared to their counterparts in the USA or UK.

Disadvantages of Studying in Top Universities for MBA in Canada

Here are a few of the disadvantages of studying at top MBA universities located in Canada.

1. MBA graduates are on their own to find jobs. Only placement-related assistance is provided by top universities for MBA in Canada.

2. Canada MBA programs are less prestigious than MBA from top universities in USA.

3. The harsh cold weather of Canada can be difficult to cope with.