Master of Business Administration (MBA) in Canada: Top Universities & College, Fees, Eligibility, Scholarships, Jobs

Master of Business Administration (MBA) in Canada: Top Universities & College, Fees, Eligibility, Scholarships, Jobs

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Study Info CentreTue Jul 20 2021

Master of Business Administration (MBA) in Canada: Top Universities & College, Fees, Eligibility, Scholarships, Jobs

MBA or Master of Business Administration is one of the valued coursework worldwide and of course in Canada too. This course is generally 2 years long and can be pursued by students of any educational background. 

MBA in Canada has a number of specializations like MBA in finance, MBA in international business, information systems, entrepreneurship, etc to fulfil the managerial job requirement of any organization. Getting into a top MBA university in Canada is no piece of cake.

Students need to depict an exemplary outcome in their undergraduate studies, English proficiency test, workplace, and other analytical tests like GMAT and GRE. 

The fees of MBA is quite expensive in Canada as it falls in the range of CAD 30,000 to CAD 70,000 per year. However, given the recognition of the Canadian MBA degree, it is completely worth it. For instance, 94% of MBA graduates from the University of Alberta were employed just within 3 months after graduation.

Takeaways from this MBA in Canada blog

After this blog, students will have adequate knowledge regarding MBA in Canada. These are some of the highlights covered in this blog. 

  1. What are the eligibility criteria to study MBA in Canada?
  2. Reasons to study MBA in Canada
  3. MBA specializations in Canada
  4. Cost of studying MBA in Canada
  5. Which are the top MBA Universities in Canada? 
  6. How to study MBA in Canada
  7. MBA colleges in Canada without GMAT
  8. Job opportunities after MBA in Canada

Why study MBA in Canada?

  • MBA in Canada is globally recognized ( the degree is highly venerated across the USA, UK, Germany, India, Australia, New Zealand, etc)
  • The full-time MBA in Canada equips students with knowledge and skills to advance one’s career.
  • Upon completion, students get a whooping 3-year work permit.
  • Some MBA programs in Canada come with internships. 
  • MBA graduates earn from CAD 65,000 to more than CAD 200,000 per year. 
  • MBA in Canada paves a path for PR in Canada.

Top Universities for MBA in Canada

Here are some of the best MBA Universities in Canada as per QS Global MBA Rankings. These rankings are made based on Return on Investment (ROI), Entrepreneurship and Alumni Outcomes, employability, and diversity. 

Top 10 MBA Universities in Canada (full-time MBA): 

Top Canadian Universities offering MBA programCanadian RankingLocationOverall Score
University of Toronto1Toronto, Canada67.3
McGill University2Montreal, Canada62.4
Queen’s University3Kingston, Canada60.5
Western University4London, Canada59.5
York University5Toronto, Canada57.4
University of British Columbia6Vancouver, Canada56.3
University of Alberta7Edmonton, Canada53.3
Concordia University8Montreal, Canada50.7
HEC Montreal9Montreal, Canada47.8
Dalhousie University10Halifax, Canada44.7

                                              Table 1: Top Master of Business Administration Universities in Canada

Eligibility Criteria for MBA in Canada

Getting into an MBA course in Canada is no joke. Students need to demonstrate exemplary academic records, IELTS/  TOEFL score, experience, and GRE or GMAT Score to get admissions into top MBA universities in Canada. 

One of the main criteria for international students to study MBA in Canada is to have a minimum of 2 years of work experience. 

IELTS Requirement to study MBA in Canada

The general IELTS Score to study in Canada demanded by most of the universities is 7 with no band less than 6.5. The accepted TOEFL score is 100. This requirement may change depending upon the university and MBA specialization. Some universities accept an IELTS score of 6.5 and a TOEFL score of 82. 

Academic requirement for Master of Business Administration in Canada

For most Canadian universities, students (minimum 70 %) need to bring first-class in a 4-year bachelor’s program. Note that some universities like the University of Toronto, University of Alberta demand a minimum of 80%

Admission requirement for top MBA programs in Canada

  1. University of Toronto
    • Course duration: 2 years
    • IELTS/ TOEFL: 7 with no band less than 6.5. TOEFL 100
    • GMAT/ GRE: No minimum GMAT or GRE score
    • Academic requirement: A minimum GPA of 3.0 in bachelor’s degree and 2 years of experience. 
    • Annual MBA program tuition fees for international students: CAD ~65,000
  2. University of British Columbia
    • Course duration: Starting from 16 months
    • IELTS/ TOEFL/PTE: 7 / 100/ 70
    • GMAT/ GRE: 550/ 310
    • Academic requirement: Past Bachelors with a minimum grade of B+ and a minimum of 2 years of experience.
    • Full-time MBA program tuition fees for international students: CAD ~91,000
  3. McGill University
    • IELTS/ TOEFL: PTE: 7 / 100/ 70
    • GMAT/ GRE: 550/ 310
    • Academic requirement: Bachelor’s degree with minimum 3.0 GPA, 2 Years experience, interview, and 3 essay questions.
    • Annual MBA program tuition fees for international students: ~CAD 60,000
  4. York University
    • Course duration: 2 years
    • IELTS/ TOEFL: 7/110
    • GMAT/ GRE: 550/310
    • Academic requirement: Bachelor’s degree with minimum 3.0 GPA in last 2 years, 2 Years experience, interview, essays.
    • Full MBA program tuition fees for international students: CAD ~107,000
    • Note, Schulich students can study MBA at York University without GMAT or GRE if they have achieved at least B+ during the last 2 years of undergraduate study.
  5. University of Alberta
    • Course duration: 2 years
    • IELTS/ TOEFL/PTE: 7/ 100/ 68 
    • GMAT/ GRE: 550/ 310
    • Academic requirement: Bachelor’s degree with minimum 3.0 GPA, 2 Years experience, and interview.
    • Annual MBA program tuition fees for international students: CAD ~40,000

Study MBA in Canada without GMAT

There are some business schools in Canada that offer MBA without GMAT or GRE. 

  1. DeGroote Business School
  2. Lakehead University
  3. Thompson Rivers University
  4. Wilfrid Laurier University. 

Other than these, GMAT is also not a mandatory requirement for Executive MBA Programs in Canada. These also include the Executive MBA programs of McGill University, University of Montreal, and Concordia University. 

Note that, if you have solid work experience of around 5 years, you have a higher chance of studying MBA in Canada without GMAT scores. 

Tuition fees for MBA in Canada

Just like any other course in Canada, the cost of an MBA in Canada for international students is expensive compared to the domestic students of Canada. MBA is one of the most expensive degrees in Canada. 

Even the low-cost MBA in Canada costs about CAD 30,000 per year. Nevertheless, in Canada, with an excellent profile, it’s easier to get scholarships for MBA. 

In general, the tuition fees for MBA in Canada range from CAD 30,000 to CAD 70,000 per year for international students. 

For domestic students of Canada, the MBA degree costs around CAD 20,000 to CAD 50,000 per year.

The course is 16 months long in some universities, 20 months long in some, and 24 years long in some. 

Scholarships for MBA in Canada for international students.

These are some of the most famous scholarships for MBA. If you are an international student wondering “how to get a scholarship for an MBA in Canada”, you can check the scholarships and financial aid section in the University portal. ‘

  • Ontario Graduate Scholarships
  • Graduate Studies Awards
  • Skoll/ MBA Awards
  • RACBC Scholarships
  • Indigenous Student Leader Award
  • Cesvet Family MBA fellowship
  • Rotman Scholar Awards
  • Edward Ballon Awards in Management
  • Executive Development Institute Bursary
  • CIBC BASc/MBA Scholarships
  • UAlberta MBA Scholarships

Application Requirement for MBA in Canada

These are the most basic requirements that you need to know and prepare for applying for MBA in Canada.

  • Undergraduate degree certificates and transcripts
  • Intermediate degree certificate and transcripts
  • GMAT or GRE score (Most universities ask for this for profile analysis in MBA)
  • Work experience letter
  • 2 to 3 Professional References of letter of recommendations
  • A valid English proficiency test (TOEFL/ IELTS/PTE) 
  • Statement of Purpose
  • Some universities could ask for an interview
  • Passport
  • Citizenship
  • Proof of scholarship

MBA subjects taught in Canada

The MBA degree in Canada covers subjects like: 

  • Managerial Finance
  • Leadership skills
  • Operations management
  • Principles of Marketing Management
  • Project Management
  • Economic Foundations
  • International Business
  • Data Analysis
  • Information systems

Different MBA courses in Canada

Different universities and colleges in Canada may offer different MBA specializations. 

Some of Canada’s most popular MBA courses are discussed below along with the public university that provides and the university that provides MBA in Canada. 

MBA CourseCanadian University offering MBA ProgramsLocationEligibility Criteria 
Full-time MBAUniversity of TorontoToronto, Canada

IELTS: 7

TOEFL: 100

Global Executive Master of Business AdministrationUniversity of TorontoToronto, Canada

IELTS: 7

TOEFL: 100

MBA in International BusinessUniversity of AlbertaEdmonton, Canada

IELTS: 7

TOEFL: 100

GMAT: 550, GRE equivalent also accepted

MBA in FinanceUniversity of AlbertaEdmonton, Canada

IELTS: 7

TOEFL: 100

GMAT: 550, GRE equivalent also accepted

MBA in Innovation and EntrepreneurshipUniversity of AlbertaEdmonton, Canada

IELTS: 7

TOEFL: 100

GMAT: 550, GRE equivalent also accepted

MBA in Public Policy and ManagementUniversity of AlbertaEdmonton, Canada

IELTS: 7

TOEFL: 100

GMAT: 550, GRE equivalent also accepted

Full-time MBAThe University of British ColumbiaVancouver, Canada

IELTS: 7

TOEFL: 100

GMAT: 550 or GRE: 310

MBAMcGill UniversityMontreal, Canada

IELTS: 7

TOEFL: 100

Master of Business Administration in ManagementUniversity of CalgaryCalgary, Canada

IELTS: 7

TOEFL: 97

Day time MBAUniversity of VictoriaVictoria. Canada

TOEFL: 90

IELTS: 6.5

Master of Business AdministrationMemorial University of NewfoundlandSt. John’s Canada

IELTS: 7

TOEFL: 92

Executive MBAUniversity of ReginaRegina, Canada

IELTS: 6.5

TOEFL: 80

MBA in Investment ManagementConcordia UniversityMontreal, CanadaIELTS: 7
MBAUniversity of OttawaOttawa, Canada

IELTS: 7

TOEFL: 100

GRE; 310 or GMAT equivalent

MBA in Management of Technology and InnovationRyerson UniversityToronto, Canada

IELTS: 7.5

TOEFL: 100

                                                                                   Table 2: MBA courses in Canada 

Other MBA specializations provided by Canada are: 

  1. One year Executive MBA
  2. Master of Business Administration/ Master of Global Affairs
  3. Corporate Residency MBA
  4. Accelerated MBA
  5. MBA Leadership
  6. MBA Financial Services
  7. Executive MBA in Indigenous Business Leadership
  8. MBA in economic in Canada
  9. MBA in general management in Canada
  10. Master of Science in Business Administration in Finance
  11. Master of Science in Business Administration in Management Information Systems
  12. Master of Science in Business Administration in Transportation and Logistics

Scope of MBA in Canada

MBA has numerous specializations to fulfil the managerial job requirements in a number of sectors like innovation and technology, health care systems, international business, finance, etc. Needless to say, the scope of an MBA is tremendous in Canada. 

After completing the full-time MBA or any other 2 years MBA specialization, international students get a work permit of 3 years in Canada. Eventually, MBA in Canada also leads to a Permanent Residency in Canada for international students. 

In general, these are the job opportunities that MBA aspirants can get in Canada after completing their MBA.

MBA jobs in CanadaAverage salary per year in CAD
Business Development Manager182,000
General Manager180,000
Manager204,000
Project Manager138,000
Business Advisor141,000
Strategy Director200,000
Chief Financial Officer148,000
Executive Director80,000
Financial Analyst59,000
Marketing Manager46,000
Operations Manager61,000

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