Best Universities in Canada for MBA – Fees, Eligibility Etc.

best universities in canada for mba

Finding the best universities in Canada for MBA is not a difficult task. You can pursue two-year full-time programs at the best universities for MBA in Canada. You will find numerous course options at reputed institutions throughout the country in tandem with varied specializations.

Best universities in Canada for MBA- Eligibility Criteria

Here are the eligibility criteria for the best universities in Canada for MBA:

  • IELTS/TOEFL scores are a must to study abroad in Canada. 
  • You can also study in Canada  with an undergraduate degree and the minimum prescribed score as mandated by the institution. 
  • You will also need a GMAT score. 
  • Work experience is often required by many universities. However, you can still find some of the best universities in Canada for MBA without work experience. 
  • LORs (Letters of Recommendations). 
  • Essays. 
  • Personal Statement. 

Best MBA universities in Canada for Indian students

Here are the top MBA universities that you should check out in Canada, as per the QS Country Wise Ranking list-

  • Toronto University (Rotman Business School)- QS Rank 1
  • Queen’s University (Smith School of Business)- QS Rank 2 
  • Western (Ivey Business School)- QS Rank 3
  • McGill University(Desautels Faculty of Management)- QS Rank 4
  • York University (Schulich School of Business)- QS Rank 5
  • University of British Columbia (Sauder School of Business)- QS Rank 6
  • University of Alberta (Alberta School of Business)- QS Rank 7
  • Concordia University (John Molson School of Business)- QS Rank 8
  • University of Montreal (HEC Montreal)- QS Rank 9
  • Dalhousie University (Rowe)- QS Rank 10

Now, let us look into the details of the universities. 

Toronto University (Rotman Business School)

Ranked among the top universities in Canada, the University of Toronto offers MBA as one of the best courses in their curriculum. It does have an exceptional program structure which offers its students promising careers as they complete their degrees here. 

Type Full-time, Part-time, One-year Executive and Global Executive
Fees CAD 47500 approx
GMAT Score Minimum 550
Duration 13 Months – 36 months
Eligibility Minimum 2 Year Work experience, GMAT or TOEFL, English Proficiency
Average Salary CAD 96000 approx
Scholarship Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc
Specialization Brand Management, Business Design, Consulting, Financial Reporting, and Analysis, Funds Management, General MBA, Global Management, Innovation, and Entrepreneurship

Queen’s University (Smith School of Business)

Queen’s University is among one the best business schools having students from more than 100 countries. The university offers various scholarships based on the evaluation. It has been producing market-oriented skilful graduates.

Type Full-time, Executive, Accelerated
Fees CAD 99600 approx
GMAT Score Minimum 600
Duration 12 Months – 20 Months
Eligibility Minimum 2 years of experience, GRE or GMAT, TOEFL, IELTS, PTE
Average Salary CAD 90000 approx
Scholarship Excellence Scholarship, Principal’s Scholarship, International Admission Scholarships, Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc
Specialization Consulting, Finance, Entrepreneurship and Innovation, Finance, Management Analytics, Digital Transformation, Sales and marketing

Western University (Ivey Business School)

MBA from the Ivey School of Business is ideal for those looking to build their leadership skills while they are on their professional journey. It is among one the best colleges to pursue a degree in the field of management and business. A very robust alumni network makes it stand apart in the industry with the help of its top-notch career-oriented program.

Type Full-time, Executive, Accelerated
Fees CAD 123500 approx
GMAT Score Minimum 520
Duration 12 Months – 16 Months
Eligibility Minimum 2 Years of Experience, GMAT or GRE, IELTS, TOFEL, PTE
Average Salary CAD 91000 approx
Scholarship OGS Scholarships for International Students, Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc
Specialization Finance, Entrepreneurship, Marketing, Corporate Strategy & Leadership, International Management

McGill University (Desautels Faculty Of Management)

It is a research-oriented university offering a program in business management, with the multi-disciplinary engagement of students in co-curricular and career-building activities. 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. 

Type Full-time, Executive
Fees CAD 21000 – CAD 57000 approx
GMAT Score Minimum 670
Duration 1 Year – 2 Years
Eligibility Minimum 3 Years of Work experience, GRE or GMAT, IELTS, TOEFL, PTE
Average Salary
Scholarship McGill University International Entrance Awards, Aga Khan Foundation Scholarships, Duerksen MBA Leadership Award, JN Tata Endowment Fellowship, Axol Science Scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Herschorn H E Graduate Award, Golden Key Graduate Scholar Award etc
Specialization Finance, Marketing, Global Strategy & Leadership, Business Analytics, and Entrepreneurship.

York University (Schulich School of Business)

Ranked in the top universities in Canada by the QS  Global MBA ranking, it offers students full-time, part-time as well as accelerated programs to make students more skilled per the industry standards and expectations. 

Type Full-time, Part-time, Accelerated
Fees CAD 36000 approx
GMAT Score Minimum 550
Duration 16 Months to 20 Months
Eligibility Minimum 2 Years of experience, GMAT or GRE, TOEFL, IELTS, PTE
Average Salary CAD 126000 approx
Scholarship Aga Khan Foundation Scholarships, Duerksen MBA Leadership Award, JN Tata Endowment Fellowship, Axol Science Scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Herschorn H E Graduate Award, Golden Key Graduate Scholar Award etc
Specialization Accounting, Business Consulting, Digital Transformation, Entrepreneurial Studies, Finance, Financial Risk Management, Marketing, Operations and Management, Strategic Management, Real Estate & Infrastructure etc

University of British Columbia (Sauder School of Business)

Among the largest universities in Canada, UBC offers various specializations in management programs. MBA is one of the most highlighted programs of the university which builds the leadership, management, and consulting skills in the students with holistic professional development.

Type Full-time, Executive
Fees CAD 112250 approx
GMAT Score Minimum 550
Duration 16 Months – 24 Months
Eligibility Minimum 2 years work experience, GMAT or GRE, and TOEFL
Average Salary CAD 80000- CAD 173000 approx
Scholarship Asia Top Talent scholarships, Madhu Varshney MBA Entrance Scholarship, Dean’s entrance Scholarship, International Talent Scholarships etc
Specialization Business Administration, Business Analytics, Dual Degree(Law), Finance, Product & Service management, technology & Analytics Leadership, Innovation & Entrepreneurship etc

University of Alberta (Alberta School of Business)

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 and practical case studies. Development activities and skill-oriented learning is a part of the curriculum, making it best in line with the education.

Type Full-time, Part-time, Executive and Fast-track
Fees CAD 58000 approx
GMAT Score Minimum 550
Duration 20 Months minimum
Eligibility Minimum 2 years experience, GRE, GMAT, TOEFL, IELTS, PTE
Average Salary CAD 60000 – CAD 91000 approx
Scholarship Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc
Specialization Energy Finance, Operations & Business Analytics, Strategy & Consulting, Innovation & entrepreneurship, Public sector & Healthcare

Concordia University (John Molson School of Business)

Concordia University 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. The organization also has a strong alumni network.

Type Full-time, Part-time, Executive
Fees CAD 78826 – CAD 140000 approx
GMAT Score Minimum 580
Duration 2 Years – 4 Years
Eligibility Minimum 2 Years of experience, IELTS, TOEFL, GMAT, GRE
Average Salary CAD 83000 approx
Scholarship Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc
Specialization Investment Management, Accountancy, Finance, Management, Marketing, Supply Chain & Business Technology Management, and Data Analytics.

HEC Montreal

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

Type Full-time
Fees CAD 54000 – CAD 59000
GMAT Score Minimum 570
Duration 1 Year
Eligibility 3 Years experience, GRE or GMAT, IELTS, TOEFL, PTE
Average Salary CAD 90754 approx
Scholarship Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc
Specialization Financial Services, Leadership and Corporate Residency

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.

Type Full-time, 
Fees CAD 38630 – CAD 39390 approx
GMAT Score Minimum 550
Duration 18 Months – 2 Years
Eligibility GRE, GMAT, IELTS, TOEFL, PTE
Average Salary
Scholarship Aga Khan Foundation Scholarships, JN Tata Endowment Fellowship, Axol Science scholarship, Bharat Petroleum Scholarship, Narotam Sekhsaria Scholarships, Golden Key Graduate Scholar Award etc 
Specialization Financial Services, Leadership

Benefits of studying MBA in Canada

There are numerous advantages of studying for your MBA in Canada. They include the following: 

  • Canada is home to some of the world’s highest-ranked universities and business schools for MBA courses. 
  • MBA graduates earn handsome salaries in Canada, with an excellent scope of future growth as well. 
  • Reports estimate that a handsome number of jobs will be created for MBA graduates in the future as well. 
  • Canada has a relatively simple procedure for obtaining student visas and immigration policies are friendly towards international aspirants. 
  • Hiring should go up for MBA graduates in Canada over the next few years, with several business sectors posting robust growth.

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.

Frequently Asked Questions

Q- Which university is best for an MBA in Canada?

The University of Toronto, University of Alberta, University of British Columbia, McGill University are some of the best universities to pursue an MBA in Canada

Q- What is the ideal duration of an MBA in Canada?

Depending upon the university and specialization, the duration varies from 1 year to 3 years for MBA in Canada.

Q- Which universities in Canada accept freshers for MBA?

Dalhousie University, University of Alberta, York University, and University of Toronto are among the universities that accept an intake as a fresher for an MBA course depending upon other requirements to be fulfilled.

Q- Which universities in Canada offer scholarships for MBA students?

Most of the universities offer scholarships, University of Toronto, York University, Dalhousie University, McGill University etc. Apart from that, there are non-specific scholarships that candidates can get while studying in Canada for international students.

Q- Is GMAT compulsory for MBA in Canada?

There is no mandatory requirement for GMAT but in cases like a student with a low GPA there is a need to have good GMAT or GRE score to support the candidature of the student.

Q- Which university is best for MBA in Marketing in Canada?

York University, McGill University, Queen’s University, University of Calgary, University of Canada West have some of the best universities to offer Marketing specialization in MBA.

Q- Which university accepts PTE in Canada for MBA?

Most Canadian universities accept PTE in lieu of the English Language Proficiency Test.

Q- Which universities have good placements in Canada for MBA?

University of Toronto, University of British Columbia, and McGill University are among the top Canadian Universities to offer better employment as per the Times Higher Education Global University Employability Ranking 2021.

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