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