With its world-class education system, multicultural environment, and affordable tuition fees, Canada stands out as a top destination for international students. Whether you aim for career opportunities in marketing, entrepreneurship, or healthcare, Canada’s diverse programs have something for everyone.
This blog discusses the benefits of pursuing an MBA in Canada, the top business schools, admission requirements, financial aid options, etc., to help you make an informed decision.
Canada’s business schools are ranked among the best schools globally, providing an extra edge to its students. Some other benefits of pursuing an MBA in Canada include:
Below is a list of the top MBA Colleges in Canada based on their QS rankings:
| Top Canada MBA Colleges | QS Global MBA Ranking 2025 | QS MBA Ranking Canada 2024 |
| Rotman School of Management (Toronto) | 39 | 1 |
| Desautels Faculty of Management | 66 | 2 |
| Ivey Business School | 76 | 3 |
| Smith School of Business | 91 | 5 |
| Sauder School of Business | 101-110 | 4 |
| Schulich School of Business | 101-110 | 6 |
| Alberta School of Business | 131-140 | 7 |
| John Molson School of Business | 141-150 | 8 |
| HEC Montreal | 151-200 | 9 |
| DeGroote School of Business | 151-200 | 10 |
Find out the details of these business schools.
Rotman school of management at Toronto university offers a full-time and executive MBA program. The campus is located in downtown Toronto. There are up to 90 elective courses to choose from.
Course duration: 20 months
Tuition fees:
Program highlights: Rotman MBA offers full-time, part-time, and executive MBA programs. Its curriculum is based on global exposure, leadership, and innovation.
The MBA program at McGill University’s Desautels Faculty of Management is a world-recognized international and dynamic degree program. Programs in Desautels are built on interdisciplinary and integrated research, teaching, and practice. The graduates and faculty of this school include six Nobel Prize winners and 127 Rhodes scholars.
Course duration: 12 to 24 months
Tuition fees:
Program highlights: It offers full-time, executive, and online MBA options.
Ivey business school at Western University offers a one-year full-time MBA program. It has a great alumni network of over 23,000 students from 90+ countries. You will be required to appear in the GMAT exam to get admission to this college.
Course duration: 12 months
Tuition fees:
Program highlights: It focuses on its case method teaching approach where you can engage with real-world business cases. Ivey also has strong corporate connections and offers career services with top employers.
Smith Business School from Queen’s University is one of the best MBA colleges for students. It takes students seriously for its full-time MBA program.
Course duration: 12 months
Tuition fees:
Program highlights: It offers a full-time, executive, and globally famous online MBA program. It provides strong experiential learning opportunities to students like global business consulting projects, internships, international exchange programs, etc.
Located in Vancouver, Sauder School of Business is a college at the University of British Columbia.
Course duration: 16 months
Tuition fees:
Program highlights: It offers full-time, part-time, and an executive MBA program. These include strong experiential learning opportunities and a focus on leadership development.
Schulich School is located in the business hub of Canada in Toronto. It offers innovative programs for future business leaders. Schulich also provides scholarships to its eligible students
Course duration: 12 months
Tuition fees:
Program highlights: It offers full-time, part-time, and an executive MBA program to you. It is known for its diverse students, global perspectives, and international internship opportunities.
Alberta at University of Alberta’s full-time MBA is known for its undergraduate and postgraduate programs. Their curriculum is a blend of lecture, case, and applied learning. It has a strong alumni network with alumni in over 70 countries.
Course duration: 20 months
Tuition fees:
Program highlights: Alberta offers full-time and part-time MBA programs which include career-focused initiatives and opportunities. It is known for its strong connections to the energy, oil, and gas sector in Canada.
Concordia’s Jon Molson is one of the best business schools in Canada. It is consistently ranked in the top 10 schools in Canada by QS.
Course duration: 16 months
Tuition fees:
Program highlights: It offers full-time, part-time, and an executive MBA program and is known for its focus on innovation and entrepreneurship while providing hands-on experience through projects and case studies.
HEC was Canada’s first business school founded in 1907. It is known for its research in science, finance, economics, operations, etc.
Course duration: 12 months
Tuition fees:
Program highlights: It offers full-time, part-time, and an executive MBA program. It stands out for its bilingual nature and offers courses in English as well as French.
DeGroote comes under McMaster University. It is one of the leading universities in Canada for postgraduate and undergraduate programs.
Course Duration: 20 months
Tuition fees:
Program highlights: It offers innovative courses in health analytics and management and is known for its personalized approach and focus on work-integrated learning.
| Admission requirements | Details |
| Bachelor’s degree | A four-year, three-year, or equivalent bachelor’s degree from an authorized college. |
| Work experience | 2 to 3 years |
| GMAT/ GRE scores | Most programs require GMAT scores, or GRE as an alternative. |
| English Language Proficiency | TOEFL (100+ iBT) and IELTS (7.0+ bands) |
| Essays and statement of purpose | Personal statements or essays outlining career goals. |
| Letters of recommendation | 2 to 3 letters from professionals or academic references. |
| Interview | In-person, phone, or online interview |
| Application fee | CAD 100 – CAD |
| Transcripts | Official transcripts detailing academic performance and degree completion. |
| Additional requirements | Check program-specific needs like certifications or leadership experiences. |
Check with your targeted college to know the exact admission requirements.
Below are the typical fees and financial aid options available for MBA students in Canada:
| School Name | MBA Program Fees in CAD | Financial Aid Options |
| Rotman School of Management (Toronto) | 139,140 | – Scholarships
– Loans |
| Desautels Faculty of Management (McGill university) | 105,500 | – Merit-based scholarships
– Grants and need-based loans |
| Ivey Business School (Western University) | 129,750 | – Ivey scholarships
– External scholarships |
| Smith School of Business (Queen’s University) | 110,000 | – Queen’s MBA awards
– Government loans |
| Sauder School of Business (University of British Columbia) | 104,251 | – UBC MBA scholarships
– Loans and scholarships |
| Schulich School of Business (York University) | 30,933 per term | – Schulich scholarships
– Bank loans |
| Alberta School of Business (University of Alberta) | 88,000 | – Alberta MBA scholarships
– Government and private loans |
| John Molson School of Business (Concordia University) | 53,511 | – Merit-based scholarships
– Bursaries: Need-based financial assistance. |
| HEC Montreal | 62,200 | – HEC Montreal scholarships
– Government loans |
| DeGroote School of Business (McMaster University) | 113,500 | – DeGroote scholarships
– Government aid for Canadian students. |
You can choose the right MBA college in Canada by keeping the following things in mind:
Though most top business schools in Canada require a minimum work experience of 2 years, there are some business schools that provide admission to students without any work experience.
The basic requirement is a bachelor’s degree or its equivalent. A good GMAT score is mandatory if you want to apply to the top business schools in Canada.
When it comes to an MBA degree from Canada, there is no difference in terms of its value and career prospects. The graduates from both types of programs are highly in demand and are employed by some top-notch companies like Amazon, Apple, etc.
Canadian universities have stringent requirements for 16 years of education for MS/MBA programs. To apply for an MBA in Canada, a three-year bachelor’s degree must be supplemented with a master’s, such as M.Com. Alternatively, B.Com + CA is also eligible.
The tuition fee to pursue MBA in Canada ranges between INR 7 lakhs to 70 lakhs per year. It basically depends on the type of college and course you choose. Check the official webpage of the universities for more information.
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