The average salary after MBA in Canada is 63,853 CAD per year. The starting MBA salary is around 51,946 CAD per year for freshers in Canada. Graduates with Co-op MBA programs or internship experience get annual salary packages of 85,000 CAD.  Western University, University of Toronto, HEC Montreal are among the high-paying Universities in terms of MBA salaries in Canada and ROI. Check: MBA fees in Canada colleges

Highest Paying Universities for MBA Jobs in Canada

University Name Average MBA Salary in Canada in CAD* Average MBA Salary in Canada in INR
University of Toronto 123,438 CAD 75.52 lakhs INR
Western University 122,525 CAD 74.96 lakhs INR
HEC Montreal 99,844 CAD 61.28 lakhs INR
Saint Mary’s University 99,844 CAD 61.28 lakhs INR
Queen’s University 97,696 CAD 60 lakhs INR
McGill University 94,000 CAD 57.49 lakhs INR
Concordia University 89,815 CAD 55.16 lakhs INR
University of British Columbia 87,999 CAD 54.01 lakhs INR
University of Alberta 79,559 CAD 48.83 lakhs INR
York University 60,852 CAD 37.23 lakhs

*as per Payscale

MBA Salary in Canada- By Courses

Executive MBA in Canada is the highest-paying MBA in Canada, designed specifically for working professionals. After this, graduates with MBA in Finance are most in-demand in Canada and are offered an average salary of 110,967 CAD per year. As per Jobbanks.ca, MBA jobs in Canada are projected to grow up to 140,000 vacancies by 
 

Also Check: Rising job Vacancies in Canada

Mentioned below are some of the job roles available after an MBA in Canada along with their average salaries: 

Course Job Role Average Annual Salary (CAD)
MBA Finance Salary in Canada Finance and Control Manager 84,005 CAD
General Manager 75,915 CAD
Project Manager 160,795 CAD
Business Analyst (IT) 151,987 CAD
MBA Operations Salary in Canada Facility Operations Manager 96,673 CAD
Operations Supervisor 55,639 CAD
Operations Officer-Administration 59,504 CAD
MBA Marketing Salary in Canada Marketing Manager 65,675 CAD
Manager-Sales and Marketing 87,414 CAD
Marketing Coordinator 66,487 CAD
Marketing Analyst 87,449 CAD
MBA HR Salary in Canada Human Resource Manager 72,694 CAD
Senior Human Resources Manager 137,057 CAD
HR Coordinator 48,896 CAD
Human Resources Director 127,074 CAD
Human Resources Coordinator 64,923 CAD
MBA International Business Salary in Canada Administrative Manager 80,871 CAD
Business Consultant 73,212 CAD
Business Management Consultant 97,561 CAD
Consultant, Business 77,406 CAD
Business Development Officer 59,033 CAD

Highest Paying Recruiters for MBA Jobs in Canada

As per the Business Development Bank of Canada, 90% of the exporting companies of Canada have less than 100 employees. Also, more than 55% of the organizations in Canada have less than 4 employees out of 1.1 million SMEs. Hence, unlike MBA in USA, graduates of this country have more chances of getting a job in small and medium-sized firms instead of MNCs.

Here is a list of the top employers for MBA salaries in Canada along with the average salary they offer.

Employer Average Annual Salary (CAD) Average Annual Salary (INR)
Goldman Sachs 90,865 CAD 55.73 lakhs
Amazon 142,200 CAD 87.17 lakhs
HSBC 105,693 CAD 64.79 lakhs
RBC Asset Management 114,340 CAD 70.09 lakhs
KPMG, LLP 138,157 CAD 84.68 lakhs
EY 55,276 CAD 33.88 lakhs
TD Canada 78,329 CAD 48.01 lakhs
Canadian Imperial Bank of Commerce 97,715 CAD 59.91 lakhs
Thomas Reuters 137,626 CAD 84.38 lakhs
Rogers Group Inc 70,368 CAD 43.13 lakhs

Post Graduation Work Permit for MBA Jobs in Canada (PGWP)

The Canadian Government allows international students to apply for a Post Graduate Work Permit (PWGP) within 180 days of graduating from college. The PGWP allows foreign nationals to reside and legally work in Canada for a maximum period of 3 years.

Eligibility Criteria:

  • The applicant should have a valid Canadian study permit and visa.
  • The applicant should be graduating from a Canadian institute with a degree/diploma or certificate.
  • The applicant should have been enrolled full time and the duration of study should not be less than 8 months.

Pursuing an MBA from a Canadian institute is a lucrative career opportunity, especially considering it’s welcoming policy towards foreign citizens and the growing job market. Students should focus on building professional connections and gaining industry experience in order to qualify for better MBA jobs in Canada.

FAQ’s

Ques. How to get a job in Canada after MBA?

Ans. Students can apply for MBA jobs in Canada through online job portals like LinkedIn, Glassdoor, Indeed, etc. Students can also connect with employers via career fairs, university placement programs, and online portals.

Ques. How much salary does an MBA graduate earn in Canada?

Ans. On average, MBA graduates earn 133,003 CAD per year. However the average salary of an MBA in Canada graduate may depend on the province they find a job in, the specialization of MBA they have pursued, work experience, and so on.

Ques. Which MBA is in demand in Canada?

Ans. Some of the most sought-after MBA specializations in Canada include IT/ Systems, Accounting, Finance, General Management, and Human Resources.

Ques. What scope does an MBA graduate have in the future in Canada?

Ans. After completing an MBA degree in Canada, graduates may look for jobs in tech companies, SMEs, financial services firms, and consulting companies. The ROI of top MBA colleges in Canada is quite high. The tuition fee of Western University is 22.39 Lakhs, whereas, the average ROI is 66.38 lakhs.

Ques. Is MBA valuable in Canada?

Ans. MBA in Canada is quite valuable for students because of its high rate of return on investment. In the year 2019, the average MBA in Canada graduate earned a base salary of just around 79.96 lakhs which is higher than comparative salaries in France, Australia, and the UK.

Ques. Do Indians get job after MBA in Canada?

Ans. Yes, Indians can apply to various kinds of jobs after MBA in Canada affording to their specialization and job preference. 

Ques. Which are the best places in Canada for job after MBA?

Ans. MBA Salary in Canada for graduates studying in Canada varies according to their region of preference. Professionals looking for employment in metropolitan areas such as Vancouver, Montreal, Toronto, etc. can expect significantly higher salaries as compared to more rural districts.

Ques. Which Industries employ MBA alumni in Canada?

Ans. The most popular job sectors for MBA jobs in Canada are Finance, Consulting. Tabulated below are the most in-demand MBA specializations in Canada along with the job vanacnies and Job seekers from 2019-2028 as per jobbank.gc.ca/

MBA specialization in Canada Job Vacancies Job Seekers
MBA International Business 22,300 22,500
MBA Human Resources 49,000 49,400
MBA Marketing 19,400 19,900
MBA Operations 16,500 16,800
MBA Finance 22,300 21,700

Ques. Which are the highest-paying sectors after MBA in Canada?

Ans. The highest paying MBA specializations is MBA Operations with the average salary of 125,576 CAD, followed by MBA finance with average salary of 110,967 CAD. Other top MBA sepcialisation with high salaries are MBA in Information Technology and Human Resource (HR). It is important to note that the average salary after an MBA in Canada depends upon the university and program of the student.