MBA in Canada is available in 47 universities and colleges. MBA is the most pursued degree program in Canada by Indian students, witnessing an application upsurge of almost 50% in the last 2 years. The admission deadline for Masters of Business Administration in Canada is between March 1 and March 30. To apply for MBA in Canada admissions, students need a GMAT score between 550-750, a minimum of 2 years of work experience, and 6.5-7 bands in IELTS.

  • The average cost for MBA in Canada is 40 lakhs for Indian students. Tier-1 colleges cost 50-70 lakhs & Tier-2 colleges cost 35 lakhs.
  • MBA graduates from Canada earn average salary package of up to 68.94 lakhs for MBA. Explore! Jobs in Canada after MBA
  • Top recruiters for MBA graduates in Canada are Bank of Canada, Ernst & Young LLP (Canada), Facebook, HSBC, and Google.

MBA Colleges in Canada

List of top MBA universities in Canada includes 8 colleges that rank under top 150 in QS MBA rankings, 2023. Some of the most popular and top MBA colleges in Canada along with course details are tabulated below:

MBA Colleges in Canada Program Fees for Indian Students Brochure
Brock University Full-Time MBA INR 40,97,574 Pdf Click Here
Cape Breton University Full-Time MBA INR 24,83,022  Pdf Click Here
Carleton University Full-Time MBA INR 36,18,600  Pdf Click Here
Concordia University Full-Time MBA INR 16,34,606 Pdf Click Here
Dalhousie University Full-Time MBA INR 11,90,030 Pdf Click Here
Laval University Full- Time MBA INR 10,87,372 Pdf Click Here
McGill University MBA in Business Analytics INR 59,44,130 Pdf Click Here
McMaster University Full- Time MBA INR 21,82,939 Pdf Click Here
Queen’s University Full-Time MBA INR 60,99,454 Pdf Click Here
Saint Mary’s University Full-Time MBA INR 27,24,719 Pdf Click Here
Simon Fraser University Full-Time MBA INR 36,73,519 Pdf Click Here
Thompson Rivers University Full- Time MBA INR 9,15,292 Pdf Click Here
Toronto Metropolitan University Full- Time MBA INR 30,68,669 Pdf Click Here
University of Alberta Full- Time MBA INR 16,89,507 Pdf Click Here
University of British Columbia Full-Time MBA INR 53,79,945 Pdf Click Here
University of Calgary Full- Time MBA INR 15,33,413 Pdf Click Here
University of Manitoba Full- Time MBA INR 29,28,207 Pdf Click Here
University of Montreal Full-Time MBA INR 17,94,780 Pdf Click Here
University of New Brunswick Full- Time MBA INR 8,50,635 Pdf Click Here
University of Prince Edward Island Full- Time MBA INR 19,14,205 Pdf Click Here
University of Regina Full- Time MBA INR 22,65,874 Pdf Click Here
University of Saskatchewan Full-Time MBA INR 36,74,627 Pdf Click Here
University of Toronto Full-Time MBA INR 39,55,385 Pdf Click Here
University of Victoria Full-Time MBA INR 27,40,913 Pdf Click Here
University of Windsor Full- Time MBA INR 20,03,994 Pdf Click Here
Vancouver Island University Full- Time MBA INR 29,70,835 Pdf Click Here
Western University Full-Time MBA INR 59,70,296 Pdf Click Here
Wilfrid Laurier University Full- Time MBA INR 30,15,826 Pdf Click Here
York University Full-Time MBA INR 16,76,125 Pdf Click Here

Planning to study in Canada? Here is the step-by-step Guide to study in Canada

MBA in Canada Top Specializations

MBA programs in Canada are offered in various specializations through different Canadian universities. One of the most pursued MBA specializations in Canada is Finance. Some of Canada's top MBA universities with specializations include:

MBA in Finance in Canada

MBA in Finance in Canada is a popular program among international students with high employability and earning potential. According to Jobsbank.ca, 30,600 new vacancies will be created for Finance graduates in Canada by 2028.

University Program Annual Fees in CAD Annual Fees in INR
McGill University MBA Management - Finance 98,878 CAD 59.44 lakhs
Carleton University MBA Financial Management 41,786 CAD 25.12 lakhs
University of Alberta MBA Finance 28,096 CAD 16.89 lakhs
Laval University MBA Finance 18,665 CAD 11.22 lakhs
Dalhousie University MBA Financial Services 19,430 CAD 11.68 lakhs

MBA in HR in Canada

MBA in HR in Canada focuses on concepts involving Human Resources in an organization. Human Resource Sector is expected to grow by 12,400 jobs in Canada from the year 2019-2028 and 14,200 new job seekers are expected to be available to fill them.

University Program Annual Fees in CAD Annual Fees in INR
University of Toronto MBA Specialisation in HR Management 135,208 CAD 81.28 lakhs
Brock University MBA in HR Management 68,086 CAD 40.93 lakhs
University of Saskatchewan MBA in Strategic HR Management 54,645 CAD 32.85 lakhs
University of Ottawa MBA in HR Management 23,272 CAD 13.99 lakhs

MBA in Business Analytics in Canada

MBA in Business Analytics in Canada is a great choice for students interested in pursuing a career in data-driven decision-making, with ample job opportunities and a high earning potential. According to jobbank.gc.ca, for business analysts, over the period 2022-2031, new job openings are expected to total 143,700, while 157,800 new job seekers are expected to be available to fill them.

University Program Annual Fees in CAD Annual Fees in INR
McGill University MBA in Business Analytics 98,878 CAD 59.44 lakhs
McMaster University MBA in Business Analytics 38,343 CAD 23.05 lakhs
University of Alberta MBA in Business Analytics 23,772 CAD 14.29 lakhs
Laval University MBA in Business Analytics 12,892 CAD 7.75 lakhs
Carleton University MBA in Business Analytics 29,477 CAD 17.72 lakhs

MBA in Marketing in Canada

MBA in Marketing in Canada covers a range of topics such as consumer behavior, market research, branding, advertising, and digital marketing, preparing students for leadership roles in marketing and related fields. From 2019 to 2028, job vacancies are projected to witness an increase in the Canadian marketing sector while around 19,900 job seekers will enter the job market.

University Program Annual Fees in CAD Annual Fees in INR
McGill University MBA Management- Marketing 98,878 CAD 59.44 lakhs
Laval University MBA Marketing Management 10,995 CAD 6.61 lakhs
Brock University MBA Marketing 33,952 CAD 20.41 lakhs
Queen’s University MBA with Marketing and Sales Specialization 12,842 CAD 7.72 lakhs

MBA in International Business in Canada

MBA in International Business in Canada is an excellent choice for students who want to build their careers in the global business world. According to projections for 2022-2031, there will be 68,700 new job openings available in the field of International Business. However, there are expected to be 63,800 new job seekers entering the job market with the necessary qualifications to fill these positions.

University Program Annual Fees in CAD Annual Fees in INR
University of Alberta MBA in International Business 28,096 CAD 16.89 lakhs
University of Regina MBA in International Business 31,190 CAD 18.75 lakhs
York University MBA in International Business 82,858 CAD 49.81 lakhs

MBA in Canada Cost

MBA from Canada cost is approximately INR 80 lakhs (~130,000 CAD) for Indian students, including pre-arrival cost, tuition fees, and living expenses. The tuition fees take up the largest share of the MBA cost in Canada. Though there are several low-cost MBA colleges in Canada, the tuition fees at Tier 1 & Tier 2 colleges is around INR 40 lakhs (66,000 CAD). The MBA fees in popular Canadian colleges is tabulated below:

University Annual Tuition Fees in CAD Annual Tuition Fees in INR
Concordia University 27,191 CAD INR 16,34,606
University of Alberta 28,104 CAD INR 16,89,507
McGill University 98,880 CAD INR 59,44,130
McMaster University 33,331 CAD INR 20,03,680
Queen's University 101,464 CAD INR 60,99,454
The University of British Columbia 89,495 CAD INR 53,79,945
University of Toronto 65,797 CAD INR 39,55,385
Western University 99,315 CAD INR 59,70,296
York University 27,882 CAD INR 16,76,125

Cost of Living in Canada

The monthly cost of living in Canada for an international student ranges around 2,500 CAD i.e around ~1.5 lakhs. The cost of accommodation, books & materials, transport, food & beverages, etc make up the cost of living for an international student. Basic living expenses are as follows:

Expense Cost of Living in Canada in CAD Cost of Living in Canada in INR*
Books and Material (yearly) Up to 1,665 CAD Up to 1 lakh
Health Insurance (monthly) 550- 915 CAD 33,000 to 55,000
Food (monthly) 250 CAD 15,000
Transport (monthly) 30- 65 CAD 2,000-4,000
Entertainment (monthly) 135 CAD 8,000
Phone & Internet (monthly) 30 CAD 2,000

Cost of living in Canada

MBA in Canada Student Visa

MBA in Canada Student Visa

Also Check:

MBA in Canada Requirements

Admission requirements to pursue MBA from Canada are competitive for Indian students, particularly in Tier 1 MBA colleges. The very basic requirement for all Canadian business schools is the completion of at least 16 years of education. The other eligibility for MBA from Canada for Indian Students is discussed below:

MBA in Canada Checklist

MBA in Canada Admission Requirements for Indian Students

Admission requirements in top MBA colleges in Canada is similar in terms of academic requirements, that is GPA score of 3.5 or above in a 4-year UG degree. The requirements at Canadian universities vary in the form of work experience, average GMAT score for MBA, and IELTS score requirements. Based on the Class Profile of 2024, the average scores and work experience required for MBA in Canadian colleges is tabulated below:

University Name Average Work Experience for MBA in Canada Average Test Scores for MBA in Canada
University of Toronto 5 years GMAT- 660 | IELTS- 7
McGill University 5 years GMAT- 670 | IELTS- 7
Western University 4.8 years GMAT- 680 | IELTS- 6.5
Queen’s University 4.4 years GMAT- 600 | IELTS- 7
York University 5 years GMAT- 550 | IELTS- 7
University of Alberta 5.4 years GMAT- 550 | IELTS- 6.5
University of British Columbia 3 to 5 years GMAT- 550 | IELTS- 7
Concordia University 6 years GMAT- 580 | IELTS- 7
McMaster University 4 years GMAT- 600 | IELTS- 7

Also Check:

Work Permit after Studying MBA in Canada

With a two-year MBA program in Canada, you can expect a work permit in Canada for up to three years, as a PGWP holder. Graduates can apply for Canadian permanent residency during these working years if they have the required number of years of experience.

MBA in Canada Scholarships

To cover this financial requirement, some international students need financial assistance. The MBA scholarships in Canada generally provide around 10,000 to 20,000 CAD (~5.94 to 11.88 lakh INR) to the students to cover their tuition expenses. Some of the popular scholarships to study MBA in Canada for Indian students are tabulated below:

MBA Scholarships in Canada Eligibility Benefits
Women in Business Excellence Award Various categories including Certified WBE, Corporate member and Open to all Up to 10,000 CAD
Sauder School of Business Entrance Scholarship Awarded to candidates with the potential to make lasting impressions to Sauder’s global brand. CAD 10,000 to CAD 15,000
Hari Varshney MBA Entrance Scholarship Preferably international students with excellent academic scores and aptitude Up to 50% tuition fees
Madhu Varshney MBA Entrance Scholarship International students demonstrating aptitude and academic merit Up to 50% tuition fees
Concordia Merit Scholarship Based on academic merit 10,000
MBA Admission Awards Full-time MBA students at Degroote School of Business are automatically considered 2,500-30,000 CAD
Ontario Graduate Scholarship Program Students enrolled in graduate studies in doctoral or master’s level at one of the 19 selected Ontario institutes 5,000 per term up to a maximum of CAD 15,000 per academic year.
Rotman School of Management Scholarships All students admitted to Rotman School of Management are automatically considered for Rotman Entrance Awards and Fellowships Five Women in Business Excellence Awards of CAD10,000 Two Morning MBA Excellence Awards of CAD20,000
Alberta MBA Scholarships High academic achievements, Excellence outside the classroom is also considered and GMAT Score CAD 10,000
Schulich School of Business Scholarships Offered to full-time students at Schulich based on their merit and academic performance CAD 20,000 to CAD 33,000
Ivey MBA Scholarships Based purely on merit and leadership qualities Amounts ranging from $10,000 to half tuition
Haskayne School of Business MBA Entrance Scholarships Award is based on merit and takes into account GPA and GMAT scores. CAD 5,750 per year or CAD 11,500 for two years

Want to know more about scholarships in Canada? Click below and find out about top scholarships in Canada for Indian students 

MBA in Canada Jobs and Salaries

MBA in Canada graduates can earn an average salary of 133,003 CAD per year. The highest-paying MBA specialization in Canada includes Finance, Operations, and Information Technology. As per the reports of salaryexplorer, the average MBA Salaries in Canada is:

MBA in Canada salary

MBA Colleges in Canada Salaries

The average salaries of graduates from MBA colleges in Canada are mentioned below: 

University Average salary in Canada after MBA
Western University 117,997 CAD
University of Victoria 104,00 CAD
York University 94,200 CAD
University of British Columbia 92,084 CAD
Queen’s University 92,084 CAD
University of Toronto 87,000 CAD
Concordia University 86,000 CAD
McGill University 85,500 CAD
University of Manitoba 80,000 CAD
University of Alberta 79,000 CAD

Top Recruiters for MBA in Canada

MBA graduates earn an average of 66,000 CAD per year. However, the average salary of an MBA in Canada graduate may vary depending on the province in which you find work, the specialization of their MBA, and work experience. Some of the top recruiters for MBA in Canada are:

Employer Average Annual Salary
Goldman Sachs 93,000 CAD
Amazon 145,500 CAD
HSBC 108,000 CAD
RBC Asset Management 117,000 CAD
KPMG, LLP 141,720 CAD

MBA in Canada Comparison

Pursuing MBA in Canada for Indian students is quite affordable as an enormous gap of 7-11 lakhs can be observed when compared to USA and UK universities. Easy post-work visas, affordable universities, increased SMEs, and startups are some of the major reasons why Indians prefer to study in Canada over the USA and UK.

MBA in Canada vs MBA in USA

Parameter MBA in USA MBA in Canada
Duration Between 18 months to 24 months Between 12 months to 24 months
Average tuition fees 53,000 USD/year 33,000 USD/year
Cost of living USD 2500- 3000 per month USD 1500-2000 per month
Financial Support Scholarships, fellowships, loan, work-study Scholarships, fellowship, loan, work-study
Visa F-1 visa Study-permit
Average salary USD 110,000-115,000 USD 87,000-90,000
Top Specialisations Accounting, project management, business analytics, entrepreneurship, operations Finance, Business Analytics, Supply Chain Management, Health Science
Exams accepted GMAT- Average 560 GMAT- Average 550
English language proficiency tests IELTS- average 7.0 | TOEFL iBT- average 100 IELTS- average 6.5 | TOEFL iBT- average 90

Also Check: MBA in USA

MBA in Canada vs MBA in UK

Parameter MBA in UK MBA in Canada
Duration Between 12 months to 21 months Between 12 months to 24 months
Average tuition fees 68,413 USD/year 33,000 USD/year
Cost of living USD 1,500- 2500 per month USD 1500-2000 per month
Financial Support Scholarships, fellowships, loan, work-study Scholarships, fellowship, loan, work-study
Visa Tier 4 UK Student Visa Study-permit
Average salary USD 72,400- 90,000 USD 87,000- 90,000
Top Specialisations General Management, Marketing, Human Resources, Entrepreneurship Finance, Business Analytics, Supply Chain Management, Health Science
Exams accepted GMAT- Average 550 GMAT- Average 550
English language proficiency tests IELTS- average 6.0 | TOEFL iBT- average 80 IELTS- average 6.5 | TOEFL iBT- average 90

Also Check: MBA in UK

MBA in Canada vs MBA in Australia

Parameter MBA in Australia MBA in Canada
Duration Between 15 months to 24 months Between 12 months to 24 months
Average tuition fees 51,500 USD/year 33,000 USD/year
Cost of living USD 1,900- 3,000 per month USD 1,500-2,000 per month
Financial Support Scholarships, fellowships, loans, work-study Scholarships, fellowships, loans, work-study
Visa Subclass 500 Study-permit
Average Salary USD 51,212- 82,700 USD 87,000- 90,000
Top Specialisations Strategy & Leadership, International Business, Marketing, HR Management Finance, Business Analytics, Supply Chain Management, Health Science
Exams accepted GMAT- Average 550 GMAT- Average 550
English language proficiency tests IELTS- average 6.5 | TOEFL iBT- average 90 IELTS- average 6.5 | TOEFL iBT- average 90

Also Check: MBA in Australia

MBA in Canada FAQs

Ques. Which MBA is best in Canada?

Ans. Rotman School of Management’s MBA program is the best-ranking MBA in Canada. It is ranked #41 in the world and #1 by QS. Canada in QS. Including this, the best 10 MBA colleges in Canada are tabulated below:

School QS MBA Ranking 2023
University of Toronto (Rotman) 41
Western University (Ivey) 69
McGill University (Desautels) 73
Queen’s University (Smith) 76
University of British Columbia (Sauder) 92
York University (Schulich) 98

Ques. Which is better PGDM or MBA in Canada?

Ans. PGDM in Canada is better if you are seeking Canada PR. The cost for PGDM will be comparatively less than MBA from Canada. Other than this, the two courses are totally different from each other as PGDM is diploma program and MBA is a degree course.

Ques. How to get admission in Canada for MBA?

Ans. To get admission in MBA in Canada, students need to apply directly to the colleges. Check here the list of MBA Universities in Canada. The documents required are listed below. The documents below are tentative and are not required by all colleges. For example, There are many colleges offering admission in MBA without GMAT in Canada.

  • Undergraduate Degree - Minimum GPA for top B-Schools is 3.0 or 73-76%
  • GMAT Score - No Minimum Score is Required but can vary as per batch profile.
  • Work Experience - Minimum 2 Years is Required
  • Professional References
  • Video Interview & Essay - To be uploaded with two photographs
  • English Proficiency Test - IELTS Score above 7.0 (not required if the degree was done in English medium)
  • Interview - An interview with someone from the Admission Committee is the last leg of the process.

Ques. How much work experience is required for MBA in Canada?

Ans. Most of MBA Colleges in Canada require 2-3 years of work experience. However, the average work experience of students admitted to an MBA in Canada is 5 years. Check here the average work experience of MBA students in Canadian Colleges.

Ques. What percentage is required for MBA in Canada?

Ans. A minimum of 80% is required for MBA in Canada. This is equivalent to a GPA of 3.0. Mentioned below is the percentage required in top MBA colleges in Canada

University Name Percentage Required for MBA in Canada
University of Toronto 91%
Queen's University 89%
Western University 88%
McGill University 88%

Ques. How to apply for MBA scholarship in Canada?

Ans. Students can apply directly on the website of the business school for MBA scholarships in Canada. To apply for MBA scholarships in Canada, follow these steps:

  • Visit the official websites of the university
  • Go through the eligibility requirements
  • Collect all of the necessary documentation
  • Take the necessary tests (GMAT, IELTS)
  • Wait for a response from the university.