MBA or Master of Business Administration is a valued coursework worldwide and, of course, in Canada. This course is generally 2 years long and can be pursued by students of any educational background.
MBA in Canada has several specializations like MBA in finance, 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 must depict an ideal outcome in their undergraduate studies, English proficiency tests, workplace, and other analytical tests like GMAT and GRE.
The fee of an 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 entirely worth it. For instance, 94% of MBA graduates from the University of Alberta were employed 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.
- What are the eligibility criteria to study MBA in Canada?
- Reasons to study MBA in Canada
- MBA specializations in Canada
- Cost of studying MBA in Canada
- Which are the top MBA Universities in Canada?
- How to study MBA in Canada
- MBA colleges in Canada without GMAT
- Job opportunities after MBA in Canada
Why study MBA in Canada?
- MBA in Canada is globally recognized ( the degree is highly revered across the USA, UK, Germany, India, Australia, New Zealand, etc.)
- The full-time MBA in Canada equips students with the knowledge and skills to advance their careers.
- 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 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 Programs | Canadian Ranking | Location | Overall Score |
| University of Toronto | 1 | Toronto, Canada | 67.3 |
| McGill University | 2 | Montreal, Canada | 62.4 |
| Queen’s University | 3 | Kingston, Canada | 60.5 |
| Western University | 4 | London, Canada | 59.5 |
| York University | 5 | Toronto, Canada | 57.4 |
| University of British Columbia | 6 | Vancouver, Canada | 56.3 |
| University of Alberta | 7 | Edmonton, Canada | 53.3 |
| Concordia University | 8 | Montreal, Canada | 50.7 |
| HEC Montreal | 9 | Montreal, Canada | 47.8 |
| Dalhousie University | 10 | Halifax, Canada | 44.7 |
Eligibility Criteria for MBA in Canada
Getting into an MBA course in Canada is no joke. Students must demonstrate exemplary academic records, IELTS/ TOEFL scores, experience, and GRE or GMAT Scores to get admission into top MBA universities in Canada.
One of the main criteria for international students to study MBA in Canada is having at least 2 years of work experience.
IELTS Requirement to study MBA in Canada
The general IELTS Score to study in Canada demanded by most universities is 7, with no band less than 6.5. The official TOEFL score is 100. This requirement may change depending on 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, and the University of Alberta, demand a minimum of 80%
Admission requirement for top MBA programs in Canada
- 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
- University of British Columbia
- Course duration: Starting from 16 months
- IELTS/ TOEFL/PTE: 7 / 100/ 70
- GMAT/ GRE: 550/ 310
- Academic requirement: Past Bachelor 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
- 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
- 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.
- Total MBA program tuition fees for international students: CAD ~107,000
- 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.
- 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
Some business schools in Canada offer MBA without GMAT or GRE.
- DeGroote Business School
- Lakehead University
- Thompson Rivers University
- Wilfrid Laurier University.
Other than these, GMAT is not mandatory 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
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 in 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 others.
Scholarships for MBA in Canada for international students.
These are some of the most famous scholarships for an 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 you need to know and prepare to apply 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
|
Talk to an ExpertDifferent 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 and the university that provides MBA in Canada.
| MBA Course | Canadian University Offering MBA Programs | Location | Eligibility Criteria |
| Full-time MBA | University of Toronto | Toronto, Canada |
IELTS: 7 TOEFL: 100 |
| Global Executive Master of Business Administration | University of Toronto | Toronto, Canada |
IELTS: 7 TOEFL: 100 |
| MBA in International Business | University of Alberta | Edmonton, Canada |
IELTS: 7 TOEFL: 100 GMAT: 550, GRE equivalent, also accepted |
| MBA in Finance | University of Alberta | Edmonton, Canada |
IELTS: 7 TOEFL: 100 GMAT: 550, GRE equivalent, also accepted |
| MBA in Innovation and Entrepreneurship | University of Alberta | Edmonton, Canada |
IELTS: 7 TOEFL: 100 GMAT: 550, GRE equivalent, also accepted |
| MBA in Public Policy and Management | University of Alberta | Edmonton, Canada |
IELTS: 7 TOEFL: 100 GMAT: 550, GRE equivalent, also accepted |
| Full-time MBA | The University of British Columbia | Vancouver, Canada |
IELTS: 7 TOEFL: 100 GMAT: 550 or GRE: 310 |
| MBA | McGill University | Montreal, Canada |
IELTS: 7 TOEFL: 100 |
| Master of Business Administration in Management | University of Calgary | Calgary, Canada |
IELTS: 7 TOEFL: 97 |
| Day time MBA | University of Victoria | Victoria. Canada |
TOEFL: 90 IELTS: 6.5 |
| Master of Business Administration | Memorial University of Newfoundland | St. John’s, Canada |
IELTS: 7 TOEFL: 92 |
| Executive MBA | University of Regina | Regina, Canada |
IELTS: 6.5 TOEFL: 80 |
| MBA in Investment Management | Concordia University | Montreal, Canada | IELTS: 7 |
| MBA | University of Ottawa | Ottawa, Canada |
IELTS: 7 TOEFL: 100 GRE; 310 or GMAT equivalent |
| MBA in Management of Technology and Innovation | Ryerson University | Toronto, Canada |
IELTS: 7.5 TOEFL: 100 |
Other MBA specializations provided by Canada are:
- One year Executive MBA
- Master of Business Administration/ Master of Global Affairs
- Corporate Residency MBA
- Accelerated MBA
- MBA Leadership
- MBA Financial Services
- Executive MBA in Indigenous Business Leadership
- MBA in Economics in Canada
- MBA in general management in Canada
- Master of Science in Business Administration in Finance
- Master of Science in Business Administration in Management Information Systems
- 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 sectors like innovation and technology, health care systems, international business, finance, etc. The scope of an MBA is tremendous in Canada.
After completing the full-time MBA or any other 2 years of MBA specialization, international students get a work permit for 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 Canada | Average salary per year in CAD |
| Business Development Manager | 182,000 |
| General Manager | 180,000 |
| Manager | 204,000 |
| Project Manager | 138,000 |
| Business Advisor | 141,000 |
| Strategy Director | 200,000 |
| Chief Financial Officer | 148,000 |
| Executive Director | 80,000 |
| Financial Analyst | 59,000 |
| Marketing Manager | 46,000 |
| Operations Manager | 61,000 |
