Top MBA Programs in Canada
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Top MBA Programs in Canada: The recent widespread spread of the COVID-19 virus has shaken the world. Many businesses both small-scale and large scale have come to the edge of bankruptcy. With this, the need for financial and business studies is at its highest peak ever. MBA in Canada is a great match to illuminate young minds with business and finance literacy.
An MBA professional usually gets to function in a managerial role in any organisation. Owing to its perks, many students in India and abroad opt to pursue this highly rewarding and impactful degree of Master in Business Management (MBA). Canada being the most preferred study-abroad destination among Indian students gets the highest number of international applications for the top MBA programs in Canada, every year. For this reason, we have covered complete details on the top MBA programs in Canada for international students. An MBA in Canada comes with job security along with a larger “Return on Investment” (ROI) than any other professional degree course. Let us go through this blog to learn more about the top MBA programs in Canada and the top B-schools in Canada for different MBA specialisations!
Also Read:
- Best Funding Options & Tips for MBA Abroad
- Top 10 Universities in Canada
- MBA in Canada Without Work Experience
Why Study an MBA in Canada?
Top MBA programs in Canada: Canada has always topped the list of the best study-abroad destinations. Along with its scenic beauty and top universities, Canada has a lot more to offer to international students which makes it top the list over and over again. Along with the best MBA colleges in Canada, let us have a look at some of the reasons why one should opt to study the top programs in Canada below.
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- Top universities: Canada is home to some of the top 100 universities in the world. These universities provide high-quality top MBA programs in Canada by following strong academic standards. The degrees obtained from Canadian universities are widely accepted around the world.
- State-of-the-Art Infrastructure: When it comes to the infrastructure of the best MBA colleges in Canada, there is no comparison to the Canadian infrastructure. The universities, the social areas and the accommodations are built with the latest technology and soothing designs.
- High Standard of Living: With the greater ROI of the top MBA programs in Canada, individuals can effectively afford a high standard of living. World-class hospitals, parks, and shopping centres are a great attraction to Canadian land.
- Relatively cheaper than other study-abroad destinations: Unlike the UK, the USA and Australia, studying MBA in Canada is relatively cheaper. In terms of both the academic tuition fee and the cost of living, studying at a top Canadian university does not feel as heavy on the pocket as it does when it comes to studying in any other country.
- Post-study Work Visa: Having studied for an MBA at a Canadian university can assist in getting a “Post-graduation Work Permit (PGWP)” easily. Students can apply for a PGWP within 180 days after the completion of their graduation.
Also Read: MBA in Canada without GMAT
List of Top MBA Programs in Canada
With the need and evolution in technology, students want to do more, all at once. For this reason, students now have the option of pursuing the top MBA programs in Canada either full-time (at university) or online (distance learning). Students who do not want to leave their jobs can opt for executive MBA degrees. The top MBA programs in Canada obtained from either full-time or distance learning are recognised across the globe. The top MBA colleges in Canada also offer an MBA degree via the e-learning method to support the working and educational needs of the students. Depending on the needs of the current economic times, the top MBA programs in Canada are given below.
- MBA in Marketing
- MBA in Finance
- MBA in Strategy
- MBA in Accounting
- MBA in International Business
- MBA in Global Management
- MBA in Healthcare Management
- MBA in Leadership
- MBA in Operations and Supply Chain Management
- MBA in Sustainability and Society
- MBA in Innovation, Entrepreneurship and Business Design
Best B-schools for the Top MBA Programs in Canada
This section is all about the top MBA programs in Canada and where to find them. So, here is a breakdown of some highly-regarded top MBA programs in Canada and the recommended best business schools for them catering to international students, categorised by their specialisations:
Best Universities for MBA in Marketing in Canada:
- Schulich School of Business, York University: Offers a unique MBA in Marketing Management with a focus on data-driven insights and customer engagement.
- Sauder School of Business, University of British Columbia: Features an MBA in Marketing with an emphasis on global branding and digital marketing strategies.
- Desautels Faculty of Management, McGill University: Boasts a bilingual MBA with electives in marketing analytics and consumer behaviour.
Best B-schools for MBA in Finance in Canada:
- Rotman School of Management, University of Toronto: Provides an MBA with a Finance specialisation, known for its quantitative rigour and access to industry experts.
- Ivey Business School, Western University: Offers an MBA with a Finance specialisation focusing on investment banking, corporate finance, and financial modelling.
- John Molson School of Business, Concordia University: Features an MBA with a Finance specialisation strong in quantitative analysis and risk management.
Best Colleges for MBA in Strategy in Canada:
- Queen's School of Business, Queen's University: Features the top MBA programs in Canada with a Strategic Management specialisation focused on case studies and simulations for real-world decision-making.
- Alberta School of Business, University of Alberta: Offers an MBA with a Strategic Management specialisation known for its focus on innovation and competitive analysis.
- HEC Montréal: Provides an MBA with a Strategic Management specialisation emphasising organisational change and leadership development.
Best Universities for MBA in Accounting in Canada:
- Schulich School of Business, York University: Offers the top MBA programs in Canada with a Professional Accounting specialisation accredited by CPA Canada.
- Smith School of Business, Queen's University: Features an MBA with a Professional Accounting specialisation designed for aspiring Chartered Accountants.
- John Molson School of Business, Concordia University: Provides an MBA with a Professional Accounting specialisation preparing students for careers in public accounting and industry.
Best Colleges for MBA in International Business in Canada:
- Rotman School of Management, University of Toronto: Offers an MBA with an International Business specialisation focusing on global markets, trade, and cross-cultural management.
- Sauder School of Business, University of British Columbia: Features the top MBA programs in Canada with an International Business specialisation strong in Asian and Pacific Rim economies.
- McGill University, Desautels Faculty of Management: Provides an MBA with an International Business specialisation emphasising global strategies and emerging markets.
Best Universities for MBA in Global Management in Canada:
- Haskayne School of Business, University of Calgary: Offers the top MBA programs in Canada with a Global Management specialisation focusing on leadership in international contexts.
- TELUQ University: Provides an MBA with a Global Management specialisation delivered via distance learning, ideal for working professionals.
- University of Ottawa, Telfer School of Management: Features an MBA with a Global Management specialisation strong in international negotiations and intercultural communication.
Best Universities for MBA in Healthcare Management in Canada:
- Schulich School of Business, York University: Offers the top MBA programs in Canada with a Healthcare Management specialisation focusing on leadership in healthcare organisations.
- University of Alberta, Alberta School of Business: Features an MBA with a Healthcare Management specialisation strong in public health policy and healthcare finance.
- University of British Columbia, Sauder School of Business: Provides an MBA with a Healthcare Management specialisation with emphasis on innovation and technology in healthcare.
Best Colleges for MBA in Leadership in Canada:
- Ivey Business School, Western University: Renowned for its case-method approach and the top MBA programs in Canada with a Leadership specialisation focusing on developing impactful leaders.
- Queen's School of Business, Queen's University: Offers an MBA with a Leadership specialisation emphasising effective communication, team building, and ethical leadership.
- Rotman School of Management, University of Toronto: Provides one of the top MBA programs in Canada with a Leadership specialisation strong in personal development, negotiation, and influence strategies.
Best B-schools for MBA in Operations and Supply Chain Management in Canada:
- John Molson School of Business, Concordia University: Offers an MBA with a Supply Chain Management specialisation focusing on logistics, procurement, and operations optimisation.
- Haskayne School of Business, University of Calgary: Features the top MBA programs in Canada with an Operations and Supply Chain Management specialisation strong in data analytics and risk management.
- Rotman School of Management, University of Toronto: Provides an MBA with an Operations Management specialisation emphasizing process improvement, lean manufacturing, and supply chain design.
Best Colleges for MBA in Sustainability and Society in Canada:
- Schulich School of Business, York University: Offers one of the top MBA programs in Canada in Sustainability and Society specialisation focusing on social responsibility, environmental impact, and ethical business practices.
- Smith School of Business, Queen's University: Features an MBA with a Sustainable Business specialisation strong in corporate social responsibility, social enterprise, and environmental management.
- University of British Columbia, Sauder School of Business: Provides one of the top MBA programs in Canada for Sustainable Business specialisation emphasising responsible investment, clean technology, and circular economy principles.
Best Universities for MBA in Innovation, Entrepreneurship and Business Design in Canada:
- Rotman School of Management, University of Toronto: Offers one of the top MBA programs in Canada with an Innovation & Entrepreneurship specialisation known for its incubator support and venture capital network.
- Schulich School of Business, York University: Features an MBA with an Entrepreneurship & Design Thinking specialisation focusing on creative problem-solving and new venture creation.
- Smith School of Business, Queen's University: Provides one of the top MBA programs in Canada with an Innovation & Entrepreneurship specialisation strong in design thinking, business model development, and venture funding.
Remember, this is just a selection of top MBA programs in Canada. Numerous other excellent MBA options exist in Canada, each with unique strengths and offerings. Research carefully to find the top MBA programs in Canada aligning with your specific career goals, preferred program format (full-time, part-time, online), and budget. Consider factors like program accreditation, faculty expertise, international student support services, and alumni network strength.
Eligibility Criteria for the Top MBA Programs in Canada
To get admitted to one of the best business schools in Canada, one must fulfil its eligibility criteria. Below we have listed some important eligibility criteria for the top MBA programs in Canada to get enrolled at a top Canadian university.
- Bachelor’s Degree: The applicant must have completed their bachelor’s degree from a recognised institution with a minimum GPA of 3.0.
- Proficiency in the English language: Students belonging to countries where the native language is not English must qualify for a standard English language test such as IELTS or TOEFL.
- Work Experience: Since an MBA is a professional degree, some work experience is preferred for admission to the top business schools in Canada. Students with prior work experience are preferred over the ones with no work experience. However, some universities select candidates for an MBA without work experience in Canada.
- GMAT Scores: To boost their chances of getting selected at the best business schools in Canada, students must also aim to qualify for the GMAT exam. Qualifying for a GMAT exam also increases their chances of getting a scholarship from the university.
List of the Best Business Schools in Canada
Read below to learn about the QS World University Rankings (2024) and acceptance rates of the top MBA colleges in Canada providing the top MBA programs in Canada.
- University of Toronto: The QS World University Ranking 2024 for the University of Toronto is #21. The university has a median acceptance rate of 43%.
- University of Alberta: The QS World University Ranking 2024 for the University of Alberta is #111. This university also has a median acceptance rate of 51%.
- York University: The York University’s QS World University Ranking 2024 is #353. Owing to its popularity, the university has a very low acceptance rate of ~27%.
- Queen’s University: Queen’s University has secured a #209 rank in the QS World University Rankings 2024 and has a pretty high acceptance rate of 89%.
- Concordia University: Slightly lesser than Queen’s University, Concordia University has an acceptance rate of 81% and stands at #=387 in the QS World University Rankings 2024.
MBA in Canada Fees at Top MBA Universities
The fee structures of these top MBA colleges in Canada are given below.
| Top MBA Colleges in Canada |
Average 1st Year Fees Structure |
|---|---|
| ₹18.88 L - 47.43 L |
|
| ₹5.52 L - 17.94 L |
|
| ₹5.91 L - 44.11 L |
|
| ₹61.89 L |
|
| ₹24.67 L - 25.46 L |
Top Recruiters for the Top MBA Programs in Canada
Due to its promising curriculum, Canadian universities become attractive to several recruiters. The top 5 recruiters for MBA in Canada include some major consulting firms, technology giants, financial institutions and professional services firms. The list of recruiters who hire graduates of the top MBA programs in Canada is given below.
- KPMG: Big Four accounting firm, recruits for diverse functions including advisory, audit, and tax.
- Canadian Imperial Bank of Commerce: Leading Canadian bank, hires for investment banking, wealth management, and corporate banking.
- Amazon: Global technology giant, seeks top talent for various divisions like cloud computing, e-commerce, and logistics
- TD Canada: Major Canadian bank, hires for finance, technology, and risk management positions.
- Deloitte: Big Four accounting firm, known for consulting, audit, and tax advisory roles.
- Royal Bank of Canada (RBC): Leading Canadian financial institution, hires for investment banking, wealth management, and other finance roles
- JP Morgan: Global investment bank, recruits for diverse finance roles in Canada and internationally.
- McKinsey & Company: Global management consulting firm, hires across multiple industries and functions.
- Accenture: Management consulting and professional services firm.
- EY (Ernst & Young): Big Four accounting firm, hires for consulting, audit, and tax advisory roles.
- Manulife: Leading Canadian insurance and financial services company, recruits for various functions.
- Shopify: Leading e-commerce platform, attracts talent for growth, strategy, and operations roles.
- Boston Consulting Group (BCG): Major management consulting firm, known for its diverse project portfolio.
- Google: Global technology leader, recruits MBAs for diverse roles in product management, marketing, and strategy.
Top MBA Programs in Canada Vs Other Countries
Compared to the UK, USA and Australia, Canada offers low tuition fees and living expenses even at the best colleges for MBA in Canada. While fostering a diverse environment for international students, Canada also proposes great post-graduation work permit options.
Let us now see the comparison among the top MBA programs in Canada vs in other countries such as the UK, the USA and Australia.
| Factor |
Canada |
UK |
USA |
Australia |
|---|---|---|---|---|
| Cost (Avg. Tuition & Fees) |
Lower (CAD $ 40,000 - 80,000) |
Moderate (GBP £ 30,000 - 50,000) |
High (USD $ 50,000 - 100,000+) |
Moderate (AUD $ 50,000 - 80,000) |
| Work Permit Opportunities |
Abundant (Post-Graduation Work Permit). |
Limited (Post-Study Work Visa, stricter requirements). |
Optional (Optional Practical Training, H-1B lottery system). |
Moderate (Temporary Graduate Visa, varies by visa subclass). |
| Specialization Options |
Good, but potentially less than other regions. |
Diverse, and strong in finance and management. |
Extensive, diverse options for various industries and careers. |
Good, strong in specific areas like Asia-Pacific Business. |
This was all about the top MBA programs in Canada, the best MBA colleges in Canada, MBA in Canada fees and the top MBA programs in Canada specialisations. For more such informative blogs, stay tuned to Shiksha Study Abroad. If you wish to study abroad, then you can get assistance from Shiksha Counselling Services for free. You can also drop your queries in the comments section below.
Top MBA Programs in Canada FAQs
Ques. How long is an MBA in Canada?
Ans. The duration of an MBA in Canada usually depends on its nature. If a student opts for a part-time MBA in Canada, the program may last for up to 32 months. However, a regular MBA in Canada may go on for 1-2 years with 4 months of intensive internship program included; and an executive MBA in Canada may involve 15 months of weekend learning and training.
Ques. Is Canada good for Indian students?
Ans. Canada is among the most preferred study-abroad destinations for Indian students. With its great post-study work opportunities, higher education in Canada is often provided at far lower prices than in any other country like the US, the UK and Australia. Several fee waivers and scholarships can also be availed by Indian students who wish to study in Canada at a much lower budget.
Apart from education and financial concerns, Canadian universities also provide a warm atmosphere for international students. There are several student communities for students to dive deep into their culture in a foreign land while focusing on their holistic growth in a diverse atmosphere. Canada also has many under 100 top universities in the world with a broad acceptance rate which makes it possible for Indian students to enter their dream college, promising a good future.
Ques. What is the MBA fee structure in Canada?
Ans. The full-time MBA in Canada fees for international students at the best MBA colleges in Canada are given below.
| University |
1st Year International Tuition (CAD) |
Additional Fees (CAD) |
|---|---|---|
| Rotman School of Management (University of Toronto) |
78,900 |
2,890 |
| Schulich School of Business (York University) |
72,100 |
2,900 |
| Ivey Business School (Western University) |
78,500 |
3,850 |
| Sauder School of Business (University of British Columbia) |
72,000 |
2,500 |
| Smith School of Business (Queen's University) |
66,500 |
2,300 |
| McGill University - Desautels Faculty of Management |
69,950 |
2,200 |
| HEC Montréal |
67,300 |
2,700 |
| Alberta School of Business (University of Alberta) |
64,000 |
2,400 |
| Telfer School of Management (University of Ottawa) |
62,500 |
2,100 |
| McMaster University - DeGroote School of Business |
64,400 |
2,500 |
Ques. Is getting into the top MBA colleges in Canada difficult?
Ans. The average acceptance rate of the top MBA colleges in Canada is around 40% which makes it moderately difficult for international students to crack a seat in their dream college. For this reason, the top B-schools in Canada define their selection criteria for international students, some of which may include the requirement of work experience or previous participation in co-curricular or extracurricular activities from the student. While some other universities’s decisions may depend majorly upon the student’s grades in their bachelor’s degree.
Q: What are the scope and post-study opportunities for PGDBA in Selkirk College, Castlegar, Canada?
According to the student review on the unofficial web, pursuing a PGDBA is not a great option in Canada, and pursuing an MBA is far better than that. However, international students who are looking for an affordable option can choose PGDBA from Selkirk as they offer programs way cheaper than other SPP colleges in Canada. In addition, Selkirk College has supporting faculty members and smaller class sizes which means students will get to learn a lot with assignments and projects and get three years to showcase their talent to grab the best career.
Q: How much is the application fee for Selkirk College Canada for international students?
Selkirk College Canada expects a non-refundable application fee from international students, which is USD 100 (INR 8K). International students must fill out the application form where they must upload documents like transcripts, test scores, passport ID page, resume, and more. At the end of the application, international students can expect to pay the application fee, and once their application meets eligibility, they get an offer of acceptance.
Q: Is Cambrian College in Canada a good option for international students?
Cambrian College in Canada is largely recognised as a prestigious institution, making it an attractive option for overseas students. The college provides a wide choice of programmes, and its accreditation guarantees respect to academic standards. Prospective students should carefully assess Cambrian College's suitability in terms of individual programme offers, campus facilities, location, and foreign student support services. The total cost of education, including tuition and living expenses, should also be considered, as well as any available financial help or scholarships. For the most up-to-date and accurate information, check Cambrian College's official website, contact international student services, and speak with current or former international students for firsthand experiences.
Q: Which is good for MS in CS in Canada: the University of Lethbridge or Memorial University of Newfoundland?
Both the University of Lethbridge and Memorial University of Newfoundland are among the top universities in Canada for international students. They offers the quality education at a low cost compared to other top MS in CS universities in the world. We have compared them in the table below in terms of tuition fee and ranking:
MS in CS Universities | Tuition Fees | US News World Ranking |
|---|---|---|
University of Lethbridge | INR 10 L | 1741 |
Memorial University of Newfoundland | INR 4.7 L | 698 |
Q: How much are Selkirk College tuition fees for international students in Canada?
The Selkirk College tuition fee for international student ranges between INR 7L-INR 12L for Diploma program, INR 8L-INR 11L for the UG program, and INR 9L-10L for PG programs. The tuition fee for popular programs at Selkirk College is given below:
Courses | 1st Year Tuition Fees |
|---|---|
UG Diploma (23 courses) | INR 7 L - 12 L |
BBA (1 course) | INR 8 L |
BSc (4 courses) | INR 8 L - 11 L |
UG certificate (21 courses) | INR 4 L - 11 L |
BA (10 courses) | INR 7 L - 9 L |
PG Diploma (5 courses) | INR 9 L - 10 L |
B.Pharma (1 course) | INR 8 L |
BEd (1 course) | INR 9 L |
Q: Can I get a scholarship in the University of Canada West as a freshman?
Yes, University Canada West (UCW) provides a variety of scholarships and awards to prospective freshman. These scholarships are often awarded based on academic performance, community involvement, leadership abilities, and other criteria. These scholarships are competitive, and the eligibility requirements and amounts may change year over year. The most current information on available scholarships and eligibility conditions can be found on UCW scholarship.
Q: What is the acceptance rate for a PhD at the University of Guelph, Canada?
The Guelph University acceptance rate is around 66%, which means admissions are slightly competitive for international students. Apart from this, students have to meet the general University of Guelph requirements for admission in undergraduate and graduate programs.
Q: What are Algoma University Canada MBA fees?
The Algoma University Business Administration programme fees is around INR 17.5 L for international students. We have mentioned below the complete segregation of Algoma University fees for MBA:
| Tuition Fees | International Students |
|---|---|
| Full-Time Tuition* | INR 16.6 L |
| Required Fees | INR 82k |
| Total | INR 17.4 L |
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