Best Universities in Canada for MBA – Fees, Eligibility, & Scholarships

Aspiring to become a business leader with a top-notch MBA program in Canada? Let's delve into the 10 best MBA colleges in Canada based on the QS MBA University Ranking of 2023. These institutions have established themselves as titans of business education in Canada. An MBA degree from one of these institutes can accelerate your career pathway. In this article, you will discover these universities' unparalleled reputations, distinguished faculties, and rigorous curricula that will equip you with the knowledge and skills necessary to excel in the competitive business world.  

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Best MBA Universities in Canada 2023

Here are the top MBA universities that you should check out in Canada, as per the QS Global MBA Rankings 2023:

#1 Rotman School of Management – University of Toronto

Ranked among the top universities in Canada, the University of Toronto is located in the heart of downtown Toronto. The Rotman School campus is conveniently situated in close proximity to the nation's vibrant commercial and financial hub. The university offers MBA as one of the best courses in their curriculum. It has an exceptional program structure that offers its students promising careers as they complete their degrees here. 

#2 Ivey Business School – Western University

Ivey is the only school in Canada that offers a real example-based learning approach in the MBA program. They go beyond lecturing and provide a one-year MBA course instead of two years. With the reduced cost of investment, Ivey's MBA becomes rigorous with a comprehensive curriculum. Ivey's full-time faculty members bring rich and varied experiences to students in the classroom.

#3 Desautels Faculty Of Management – McGill University

Desautels’ MBA program focuses on AI, data analysis, design thinking, and financial technology. McGill has partnered with various government and industry bodies to ensure its learners have access to professional expertise while they are pursuing their studies. The eminent faculty helps nurture the idea of entrepreneurship in students. 

#4 Smith School of Business – Queen’s University 

MBA at Queen’s University offers a blended teaching style with experiential learning, simulation, and case studies. The holistic approach of the university provides expertise in technical and interpersonal skills. Besides this, Smith Business School also allows you to customize your program with Sustainable Finance options, a certificate in Social Impact, an individual project course, a student-run hedge fund, and many others. 

#5 Sauder School of Business – University of British Columbia (UBC)

UBC’s MBA program provides a rigorous learning approach with a collaborative team, where faculty, staff, and career advisors support you throughout the program journey. Moreover, UBC Sauder ranks #16 in North America for its business research excellence.  

#6 Schulich School of Business – York University 

MBA at York University offers you the flexibility to switch between full-time and part-time enrollment. It provides real-world experiential learning with strategic consulting project that helps students work with clients on real business problems and solutions. 141 companies hire Schulich MBA graduates. 

#7 Alberta School of Business – University of Alberta 

Alberta School of Business is producing market professionals with an effective, innovative, and go-getter attitude with its programs in Business and Management. The course is a blend of applied learning, practical case studies, and lectures. Development activities and skill-oriented learning is a part of the curriculum, making it best in line with education.

#8 John Molson School of Business – Concordia University 

John Molson Business School is the first in Montreal and fourth in Canada to get accredited by the Association to Advance Collegiate Schools of Business (AACSB). It offers both full and part-time programs, including executive as well as MBA. The faculty at the university focuses on business research helping students prepare for their career goals. The curriculum is a blend of practical learning with a business approach, offering a hands-on experience to students.

#9 HEC Montreal

Established in 1907, HEC Montreal is among Canada’s top-notch Business schools. It has secured a good position in various ranking surveys like QS ranking, Times Higher Education, Forbes, etc. With esteemed faculty members, who focus on nurturing talent with overall development, the university’s MBA program gives students real-world business and management experience through various learning methods.

#10 Rowe School of Business – Dalhousie University

Ranked among the top universities to pursue MBA in Canada, it is a research-oriented and innovation-friendly institute founded in 1818. The main focus it brings with its curriculum is interactive learning, considering the industry’s demand to provide students with professional knowledge from experienced individuals. Skill development and practical expertise are what they want their students to have from relevant experts in the field of study.

Admission Requirements to Study MBA in Canada

Here are the eligibility criteria and documents required in the best universities in Canada for an MBA:

• A curriculum vitae or resume.
• An official transcript.
• You can also study in Canada with an undergraduate degree and the minimum prescribed score as mandated by the institution.
• IELTS/TOEFL/PTE scores for English proficiency proof are a must to study abroad in Canada. 
• You will also need a GMAT or GRE score. 
• Many universities often require a minimum of two years of work experience. However, you can still find some of the best universities in Canada for an MBA without work experience. 
• Two professional and one academic LORs (Letters of Recommendation)
• Statement of purpose (SOP).
• A valid passport and study permit.

Scholarships to Study MBA in Canada

Despite your high aspirations to study in your favorite destination, finance could be a huge problem impacting your desire to pursue MBA in Canada. However, Canadian universities offer several scholarships to fund your studies partially or entirely to relieve you of the financial burden. Let’s have a look at scholarships offered to study MBA at the best universities in Canada.

Job Prospects After Stdying MBA in Canada

Completing an MBA degree from Canada can yield you an earning of around CAD 86,000*per annum. The salary varies based on the various job profiles available for you after graduating with an MBA from Canada. Here are some of the job prospects, along with their respective salary, that you can apply for after your MBA.

*Source: Payscale

MBA in Canada with upGrad Abroad

upGrad brings you a Master in Business Administration (MBA) with its Study Abroad program in collaboration with University of Canada West and the Institute of Management Technology, Ghaziabad. It’s a hybrid graduate program. The highlight of the course is that you can pursue it without worrying about expenses, as it comes with an adaptable payment option.