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Top MBA Colleges in Canada: MBA Programs in 2025
Dhruvin Jain
Apr 12, 2025
5 mins read
Top MBA Colleges in Canada: MBA Programs in 2024
Canada is home to some of the top MBA schools in the world, known for their academic quality, welcoming immigration policies, and strong job markets. Whether you're aiming for a career in consulting, tech, or entrepreneurship, the top MBA schools in Canada offer global exposure with a strong return on investment.
MBA Colleges in Canada: A Snapshot
Why choose Canada for an MBA?
- High-quality education with global recognition
- More affordable tuition compared to the US or UK
- Multicultural environment
- Clear post-study work and immigration pathways
One-Year vs Two-Year MBA Programs
- One-year MBA: Ideal for professionals looking to save time and re-enter the workforce quickly (e.g., Ivey, HEC Montréal)
- Two-year MBA: Offers more immersive experiences with summer internships and co-op opportunities (e.g., Rotman, Desautels)
Choose based on your career goals, level of experience, and need for internship exposure.
Tuition Fees, Cost of Living, and ROI
- Tuition Fees (Top Schools): CAD $40,000 – $120,000
- Living Expenses (Annual): CAD $15,000 – $20,000
- Total Estimated Cost: CAD $55,000 – $140,000
Most students recover their investment within 2–3 years post-graduation through high-paying job placements.
Work While Studying + PGWP
- International students can work up to 20 hours/week during study
- Eligible for a Post-Graduation Work Permit (PGWP) of up to 3 years based on program duration
- Gain valuable Canadian work experience and strengthen PR chances
Class Profile and Salary Expectations
- Average GMAT Score: 650–700
- Average Work Experience: 4–6 years
- Average Post-MBA Salary: CAD $85,000 – $120,000
- International Student Ratio: 40% – 60%
Scholarships for International Students
- Merit-based and need-based scholarships
- Entry-level automatic scholarships
- External awards such as the Ontario Graduate Scholarship (OGS)
- School-specific scholarships available for outstanding profiles
Top MBA Colleges in Canada
1. Rotman School of Management – University of Toronto
- Duration: 2 years
- Tuition: CAD $133,740
- Avg. GMAT: 674
- Known for: Finance, Consulting, Business Analytics
- Highlights: Strong international student support, located in Toronto’s vibrant job market
2. McGill University – Desautels Faculty of Management
- Duration: 20 months
- Tuition: CAD $99,500
- Avg. GMAT: 675
- Known for: Strategy, Global Management
- Highlights: Career services, bilingual environment, strong MNC connections
3. UBC Sauder School of Business – University of British Columbia
- Duration: 16 months
- Tuition: CAD $94,559
- Avg. GMAT: 650
- Known for: Sustainability, Innovation, Tech
- Highlights: Small class size, Vancouver-based industry links
4. Ivey Business School – Western University
- Duration: 12 months
- Tuition: CAD $123,500
- Avg. GMAT: 670
- Known for: Case-based learning, Leadership, Consulting
- Highlights: Strong alumni network, fast-track format
5. Schulich School of Business – York University
- Duration: 2 years (can be accelerated)
- Tuition: CAD $112,250
- Avg. GMAT: 660
- Known for: Marketing, Sustainability, International Exposure
- Highlights: Global exchange opportunities, diverse specializations
6. Smith School of Business – Queen’s University
- Duration: 12 months
- Tuition: CAD $88,000
- Avg. GMAT: 650
- Known for: Team-based learning, Innovation
- Highlights: Personalized coaching, leadership development focus
Other Notable Mentions
1. Alberta School of Business – University of Alberta
- Duration: 20 months
- Tuition: CAD $60,000
- GMAT: 630+
- Known for: Energy, Innovation, Public Sector
2. HEC Montréal
- Duration: 12 months
- Tuition: CAD $59,000
- GMAT: 630+ (French/English)
- Known for: Finance, International Business
3. John Molson School of Business – Concordia University
- Duration: 16 months
- Tuition: CAD $42,000
- GMAT: 630+
- Known for: Value-based education, Strong ROI
4. Beedie School of Business – Simon Fraser University
- Duration: 16 months
- Tuition: CAD $55,000
- GMAT: 640+
- Known for: Entrepreneurship, Technology
5. Goodman School of Business – Brock University
- Duration: 2 years
- Tuition: CAD $48,000
- GMAT: 600+
- Known for: Personalized attention, Small class size
Conclusion: Why Canada is a Top MBA Destination
Canada offers globally recognized business education with a clear path to jobs and immigration. The country’s student-friendly policies, flexible program lengths, and access to a strong job market make it an excellent choice for international MBA aspirants.
Key Benefits
- High ROI with 1–2 year MBA programs
- PGWP (up to 3 years) and PR options
- Access to top global employers: Amazon, Deloitte, RBC, BCG, Shopify
- Diverse culture, high quality of life
Plan Early
- Start GMAT/GRE prep in advance
- Explore scholarship and funding opportunities
- Shortlist programs based on fit and career goals
Explore More
- MBA in USA vs Canada: Which is Better?
- Top Scholarships for MBA Students in Canada
- Step-by-Step Guide to Canadian Study Visa
FAQs
What is the average cost of an MBA in Canada?
The total cost—including tuition and living expenses—ranges from CAD $55,000 to $140,000, depending on the school and city.
Is work experience required for MBA in Canada?
Yes, most top programs prefer applicants with 2–4 years of full-time work experience. However, some may consider applicants with less experience if they have a strong academic and leadership profile.
Can I do an MBA in Canada without GMAT?
Yes, several schools offer GMAT waivers based on academic performance or work experience. Some programs don’t require it at all.
How long is the MBA program in Canada?
MBA programs in Canada typically last between 12 and 24 months. One-year programs are more intensive and suited for experienced professionals.
What is the average salary after MBA in Canada?
Post-MBA salaries range from CAD $85,000 to $120,000, depending on the school, location, and industry.
Is Canada good for MBA for Indian students?
Absolutely. Canada offers globally recognized education, post-study work permits, PR pathways, and strong job opportunities—making it an excellent choice for Indian students.
What scholarships are available for MBA students in Canada?
Students can apply for entrance scholarships, merit-based awards, and external scholarships like the Ontario Graduate Scholarship (OGS). Many universities also offer need-based and diversity-focused scholarships.
Can I get PR in Canada after completing an MBA?
Yes. After completing an MBA, students can apply for a Post-Graduation Work Permit (PGWP) of up to 3 years. With Canadian work experience, you can become eligible for PR through Express Entry or Provincial Nominee Programs (PNPs).
What are the top MBA specializations in Canada?
Popular specializations include Finance, Consulting, Business Analytics, Marketing, Entrepreneurship, and Sustainability.
Can international students work while studying for an MBA in Canada?
Yes, international students can work up to 20 hours per week during academic terms and full-time during scheduled breaks.
Didn’t find your answer? Contact us here
Dhruvin Jain
Articles: 20
Dhruvin Jain is the co-founder of MastersBuddy, a tech-first platform that has helped over 2500 students find and apply to top master’s programs globally. He is a master’s graduate from IE Business School, and is passionate about education, technology, and entrepreneurship.
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