Top Ranked MBA Universities in Canada 2025
There are 21 top MBA universities in Canada out of which the majority of the best colleges are located in Ontario, British Columbia, Alberta, Nova Scotia and Quebec. Students can submit their TOEFL, IELTS, GRE and GMAT test scores for taking admission in the best universities in Canada. According to the QS Global MBA Rankings, some of the top universities are University of Toronto, Western University, Queen’s University and McGill University.
According to the Canada International Student Statistics, there were a total of 373,599 international students that have enrolled in 2023.
Top MBA Universities in Canada: Highlights 2024
Generally, the duration of a regular MBA course in most of the top-ranked universities in Canada ranges between 12 months to 2 years. The universities for MBA in Canada offers admissions to international students in the Fall, Summer and Winter intakes every year.
There are 21 top MBA universities in Canada out of which the majority of the best colleges are located in Ontario, British Columbia, Alberta, Nova Scotia and Quebec. Students can submit their TOEFL, IELTS, GRE and GMAT test scores for taking admission in the best universities in Canada. According to the QS Global MBA Rankings, some of the top universities are University of Toronto, Western University, Queen’s University and McGill University.
According to the Canada International Student Statistics, there were a total of 373,599 international students that have enrolled in 2023.
Top MBA Universities in Canada: Highlights 2024
Generally, the duration of a regular MBA course in most of the top-ranked universities in Canada ranges between 12 months to 2 years. The universities for MBA in Canada offers admissions to international students in the Fall, Summer and Winter intakes every year.
| Parameters |
Statistics |
|---|---|
| No. of MBA Universities in Canada |
20+ |
| Cost of MBA Universities in Canada |
Annual Fees: Annual Living Expenses: |
| Top MBA Specializations |
General Management, International Business, Business (others), Finance, Entrepreneurship, Supply Chain, Economics |
| Entrance Exams Required |
|
| Work Permit Required for that Country |
Yes |
Top Ranked MBA Universities in Canada
The QS Global MBA Rankings will focus on the best MBA programmes around the world. Given below is the list of top MBA universities in Canada as mentioned in the prominent rankings.
| University Name |
QS Global 2024 |
Times Higher Education 2023 |
US News 2023 |
|---|---|---|---|
| #21 |
#18 |
##18 |
|
| #30 |
#46 |
#54 |
|
| #34 |
#40 |
#35 |
|
| #111 |
#118 |
#136 |
|
| #114 |
#201-250 |
#300 |
|
| #246 |
#251-300 |
#429 |
|
| #298 |
#301-350 |
#314 |
|
| #387 |
#601-800 |
#653 |
|
| #353 |
#401-500 |
#426 |
|
| #801-1000 |
#801-1000 |
#1452 |
Best MBA Universities in Canada: QS World University Ranking
In the QS Global MS Rankings, it is observed that University of Toronto has improved in its ranking over the years whereas McGill University has declined in its ranking.
| University Name |
QS Global 2022 |
QS Global 2023 |
QS Global 2024 |
|---|---|---|---|
| #26 |
#34 |
#21 |
|
| #27 |
#31 |
#30 |
|
| #46 |
#47 |
#34 |
|
| #126 |
#110 |
#111 |
|
| #170 |
#172 |
#114 |
|
| #240 |
#246 |
#209 |
|
| #272 |
#308 |
#298 |
|
| #501-550 |
#551-600 |
#387 |
|
| #494 |
#456 |
#353 |
|
| #801-1000 |
#801-1000 |
#801-1000 |
Best MBA Universities in Canada: Times Higher Education Ranking
The Times Higher Education rankings of best MBA Universities in Canada are given as follows:
| University Name |
Times Higher Education Ranking 2022 |
Times Higher Education Ranking 2023 |
|---|---|---|
| University of Toronto |
#18 |
#18 |
| McGill University |
#44 |
#46 |
| University of British Columbia |
#37 |
#40 |
| University of Alberta |
#125 |
#118 |
| Western University |
#201-250 |
#201-250 |
| Queen’s University |
#251-300 |
#251-300 |
| Dalhousie University |
#251-300 |
#301-350 |
| Concordia University |
#601-800 |
#601-800 |
| York University |
#401-500 |
#401-500 |
| Toronto Metropolitan University |
#801-1000 |
#801-1000 |
Also read: Top 10 MBA Colleges in Canada 2023 – Rankings & Fees
H2: Top MBA Universities in Canada: Admission Requirements
The general admission requirements for admissions to MBA courses in Canada are given as follows:
- Students must have a bachelor's degree in any disciplinary
- A minimum score of 75% in bachelor's or equivalent CGPA
- Most universities require GMAT or GRE scores for admission
- To pursue MBA in Canada, students must appear in English proficiency tests such as IELTS, TOFEL, and PTE; followed by a personal interview conducted by some universities
- 2 -3 years of work experience is mandatory for getting enrolled in various Canadian universities
| University Name |
Admission Requirements |
English Language Requirements |
|---|---|---|
| 8.0/10 GRE/GMAT |
TOEFL: 100/120 IELTS: 7/9 |
|
| GRE/GMAT |
TOEFL: 100/120 IELTS: 7/9 |
|
| University of British Columbia |
GMAT: 550/800 GRE: 310/340 |
TOEFL: 100/120 IELTS: 7/9 |
| GMAT: 550/800 GRE |
TOEFL: 100/120 IELTS: 7/9 PTE: 68/90 |
|
| GMAT/GRE |
TOEFL: 100/120 IELTS: 7/9 PTE: 70/90 |
|
| GRE/GMAT |
TOEFL: 100/120 IELTS: 7/9 PTE: 60/90 |
|
| GRE |
TOEFL: 102/120 IELTS: 7.5/9 |
|
| GMAT: 580/800 |
TOEFL: 95/120 PTE: 61/90 IELTS: 7/9 Duolingo: 120/160 |
|
| GMAT: 550/800 |
TOEFL: 100/120 IELTS: 7/9 |
|
| GRE/GMAT |
TOEFL: 100/120 PTE: 68/90 IELTS: 7.5/9 |
Also read: Eligibility for MBA in Canada for International Students 2024
Scholarships offered by Top MBA Universities in Canada
International MBA students in Canada can apply for many scholarships. Candidates seeking MBA scholarships to study in Canada can view the most comprehensive study-abroad scholarships mentioned on our website. Our website currently registers almost 2000 scholarships distributed in 11 countries amounting to over INR 1,300 crores in total amount.
Visa Requirements for Top MBA Universities in Canada
If an international student wishes to take academic, professional or vocational training at a university, college or any other educational institution in Canada, they will require a student visa before entering the country. This study permit is issued to the students after they arrive in Canada. However, the student must first apply for a Temporary Residence Visa which is issued by the Canadian High Commission which is facilitated by the Visa Application Centers. The cost of a Canada Student Visa is CAD 150.
Also read: Canada Student Visa 2024
H2: Acceptance Rate of Top-Ranked MBA Universities in Canada
The table below shows the acceptance rate and average GPA requirements for top 10 MBA universities in Canada:
| University Name |
Acceptance Rate* |
Average GPA |
|---|---|---|
| Around 43% |
8/10 |
|
| 40-50% |
NA |
|
| 52.4% |
NA |
|
| 58% |
60% in graduation |
|
| 58% |
70% average |
|
| 89% |
NA |
|
| 60-70% |
3.0/4.0 |
|
| 79% |
3.0/4.3 |
|
| Around 27% |
CGPA: 3/4 |
|
| 80% |
3.0/4.33 |
*Data given has been taken from unofficial sources, students can check official website for more updates.
Is Studying at Best MBA Universities in Canada expensive?
Considering the table given below, it can be observed that the majority of the top ranked MBA universities in Canada have a 1st Year Tuition fees above INR 20 Lakh and living costs above INR 3 Lakh.
| University Name |
1st Year Tuition Fees |
Living Cost* |
|---|---|---|
| INR 27.9 L - 41.4 L |
INR 7.36 L |
|
| INR 61 L |
INR 3.89 L |
|
| INR 43.5 L |
INR 5.94 L |
|
| INR 17.7 L |
NA |
|
| INR 50.9 L - 77.6 L |
INR 9.53 L |
|
| INR 48.1 L – INR 63.8 L |
NA |
|
| INR 27 L |
INR 3.55 L |
|
| INR 14.7 L - 20 L |
INR 8.69 L |
|
| INR 31.9 L - 49.1 L |
INR 8.03 L |
|
| INR 31 L |
INR 5.00 L |
Salary in Top-Ranked MBA Universities in Canada
The table below shows the top MBA universities in Canada along with their first-year tuition fees and the average salary students can expect upon graduation.
| University Name |
1st Year Tuition Fees |
Average Salary |
|---|---|---|
| INR 27.9 L - 41.4 L |
INR 64.23 L |
|
| INR 61 L |
INR 52.25 L |
|
| INR 17.7 L |
INR 28.85 L |
|
| INR 50.9 L - 77.6 L |
INR 65.76 L |
|
| INR 27 L |
INR 10.06 L |
|
| INR 31.9 L - 49.1 L |
INR 53.56 L |
Also read: MBA without work experience in Canada 2023
Post Study Work Permit in Canada
The Post Graduate Work Permit in Canada allows international students who have graduated from designated learning institutions to get a valid open work permit and gain work experience in Canada.
Following are the details of application details for PGWP Canada:
- You will be provided 180 days after your graduation to apply for PGWP Canada
- You need to have a degree, diploma, official letter from your academic institution, or an official transcript.
- For PGWP Canada, a fee of CAD 255 is charged (CAD 155 is the base fee, and CAD 100 is the 'Open Work Permit Holder' fee)
- If you wish to restore your student status and PGWP, you will have to pay CAD 605
- PGWP processing time for online applications is 141 days
- PGWP processing time for paper-based applications is 34 days
Compare Best MBA Universities in Canada
A comparison of the top MBA universities in Canada is given below:
| University Name |
Current year Ranking |
1st Year Tuition Fee |
Acceptance Rate |
|---|---|---|---|
| #21 |
INR 27.9 L - 41.4 L |
Around 43% |
|
| #30 |
INR 61 L |
40-50% |
|
| #34 |
INR 43.5 L |
52.4% |
|
| #111 |
INR 17.7 L |
58% |
|
| #114 |
INR 50.9 L - 77.6 L |
58% |
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Top Ranked MBA Universities in Canada 2025
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Top Ranked MBA Universities in Canada FAQs
Q. Is MBA in Canada worth studying?
A. As one of the largest and most powerful economies in the world, Canada offers many job opportunities to MBA graduates. In addition, it is home to some of the top MBA recruiters such as Deloitte, Unity Technologies, GlaxoSmithKline, PWC, KPMG, etc., and provides a peaceful environment for international students who want to study abroad.
Q. What are the GMAT scores required for top MBA universities in Canada?
A. The GMAT scores required for the best MBA universities in Canada are given as follows:
| University Name |
Admission Requirements |
| GMAT: 550/800 |
|
| GMAT: 550/800 |
|
| GMAT: 580/800 |
|
| GMAT: 550/800 |
Q. Which MBA is the most demand in Canada?
A. Some of the best specializations of MBA in Canada are:
- General Management
- International Business
- Finance
- Entrepreneurship
- Supply Chain
- Economics
- Business
Q. How much does MBA cost in Canada for international students?
A. To have an estimate of the first-year tuition fees for MBA course in Canada universities, check the table given below:
| University Name |
1st Year Tuition Fees |
|---|---|
| INR 27.9 L - 41.4 L |
|
| INR 61 L |
|
| INR 43.5 L |
|
| INR 17.7 L |
|
| INR 50.9 L - 77.6 L |
Q. Is MBA from Canadian University accepted in India?
A. Yes, an MBA from a Canadian university is recognized worldwide. If you are planning to return to India after completing your MBA in Canada, it is not just your formal and accredited education, you are more likely to earn better than those with an MBA from their home country.
