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Anubha Singh

Updated on 29th December, 2023 , 4 min read

MBA COLLEGES IN CANADA: OVERVIEW, HIGHLIGHTS, WHY CANADA, ELIGIBILITY,COST, SCHOLARSHIP, JOBS, RECRUITERS

Exam

MBA Colleges in Canada: Overview

Canada, which is renowned for quality education of global recognition, offers MBA (Master of Business Administration) courses in 40 universities. Consistently making a place in the QS Global Ranking, MBA colleges in Canada have proved their commitment to fostering future business leaders. In the year 2023, there has been a 30% hike in Indian students choosing Canada as their study destination for pursuing an MBA. MBA colleges in Canada offer expert faculty, extensive practical sessions, diverse networking opportunities, excellent academic sessions, and global alumni contact which enhances professional growth for students in the ever-evolving global business market.

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MBA Colleges in Canada: Highlight 

 Details 

 Description

Course Name 

MBA

Course Full Form

Master in Business administration

Duration

1 to 2 years

Admission Process

Merit based + Entrance exam

Eligibility Criteria

Minimum GPA, English Proficiency Test, GMAT/GRE

Course Fee

INR 11 - 59 Lakhs

Entrance Exam

GMATGREIELTSTOEFL,PTE

Salary

 INR 58 lakh or $ 70,000

Top Recruiters

Apple, Deloitte Canada, Adidas, EY, KPMG, Barclays etc. 

 

Why MBA Colleges in Canada are the choice for students? 

Canada is known for its reputation for academic excellence. The high-quality education is the reason students choose Canada as their study destination. Complementing it, Canada has a diverse society; welcoming people with warm open arms. Numerous scholarships for Indian students in Canada and various work opportunities after post-graduation, offer ample scope to have excellent career prospects. Therefore, Canada has become a place where aspirations intersect with unparalleled opportunities. Outlined below are the reasons why MBA Colleges in Canada stands as the preferred study destination for Indian  Students:  

  • Success in Academic pursuits: Canada’s admirable standing for excellence in academic settings is something that can be counted upon. Canada boasts some of the world’s greatest MBA universities, listed in the prestigious QS top 150.
     
  • Reputation and ranking: MBA colleges in Canada have made their place in global top institutions. A degree from a reputed college or university will boost career prospects 
     
  • Internship Programs: The internship opportunities in MBA colleges in Canada give students an insight into real-world business scenarios. Allowing them to showcase their potential and become a prospective employer in the interning company.
     
  • Attractive Immigration Policies: Canada is known for its inclusivity and promoting cultural enrichment. The country emphasizes a point-based system that allows students with valuable contributions to immigrate. Making a pathway to permanent residency after pursuing an MBA in Canadian university.
     
  • Scholarships: Varied range of attractive scholarships are available in MBA colleges in Canada. By providing financial assistance, Canada makes education accessible for deserving students.

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Best MBA Colleges in Canada

Among 40 universities offering MBA courses in Canada, below given tableau lists the best MBA colleges in Canada:

College / University

Global MBA Rank

Canada MBA Rank

Fees (CAD)

Rotman school of management, (Toronto)

42

1

 71,885

Stephen J.R. Smith School of Business (Queen’s)

64

2

12,927

Richard Ivey School of Business (Western)

72

3

86,772

Desautels Faculty of Management (McGill)

74

4

 32,292

Schulich School of Business (York)

 81

5

30,059

Sauder School of Business (UBC)

 84

6

107,959

HEC Montreal (Montreal)

151 -200

9

59,000

Rowe School of Business (Dalhousie)

151 -200

10

19,560

Other MBA Colleges in Canada

College / University

Global ranking

 Fees (CAD)

University of Ottawa

203

22,389

University of Victoria

322

33,546

University of Saskatchewan

345

32,856

Laval University

441

11,980

Memorial University of Newfoundland

641-650

5,180

Cheap MBA Colleges in Canada

Canada also has colleges with low fees giving an edge to students who want to pursue an MBA without spending exorbitant amounts. 

College/ University

Course

Fees

University of New Brunswick

Full-time MBA

Approx. 7 lakh/year

University of Guelph

Online/ Distance

Approx. 8.8 lakh/year

Trinity Western University

Online/ Distance

Approx. 12 lakh/yea

University of Northern British Columbia

Full-time MBA

Approx. 13 lakh/year

Thompson Rivers University

Full-time MBA

Approx.14 lakh/year

MBA Colleges in Canada: Eligibility Criteria

Eligibility criteria vary from college to college. However, mentioned below are some basic eligibility criteria for admissions in MBA colleges in Canada: 

  • Minimum GPA as per the requirement of the University in UG degree
  • Relevant work experience of more than 2 years
  • Required GMAT or GRE score
  • English proficiency test scores of IELTS, TOEFL, PTE
     

MBA Colleges in Canada: Without GMAT

GMAT is a prerequisite for taking admission to MBA colleges in Canada. There are universities that provide full-time / part-time MBA courses without GMAT or work experience. Here is a list of MBA Colleges in Canada without GMAT:

  • Vancouver Island University.
  • Thompson Rivers University.
  • Cape Breton University
  • Goodman School of Business – Brock University.
  • Saint Mary's University.
  • Lakehead University.

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MBA Colleges in Canada: Cost

The fee structure in MBA colleges in Canada varies from institute to institute. Complementing lifestyle and choice of accommodation, living costs may tend to increase and decrease.
Thus, the average cost of living in Canada is 6 lakhs per year.

MBA Colleges in Canada: Scholarship

Securing financial assistance for international students pursuing an MBA, being a professional program, is often constrained in terms of available opportunities. However, students with exceptional academic records, relevant work experience, and other achievements may qualify for scholarships. Here are some popular scholarship programs students can apply for to pursue MBA in Canada:

Name of the Scholarship 

 Description

University of Waterloo Graduate Scholarship

Merit based for graduate students

Central Sector Scheme of National Overseas Scholarship for SC (except UK)

For students who want to pursue master’s or PhD abroad

Go Clean Scholarship

For students who want to pursue higher studies abroad

Scotiabank Scholarship

Amount of 30,000 CAD

MBA Jobs in Canada

Canada’s reputation as a hub of quality business education exposes candidates to job placements that help them embark on prosperous careers after obtaining an MBA degree from a Canadian University. Following is the list of work opportunities.

Finance and accounting

Consultancy

General management

IT service

Healthcare Management

Education

Oil and Gas

Legal jobs

MBA Top Recruiters 
Top recruiters that hire MBA graduates from Canadian universities are given in the tableau below:

Apple

TC Energy

 Amazon

Bank of America

eBay

Barclays

Deloitte (Canada)

Hyundai Canada

KPMG

EY

Adidas

PwC

 HSBC

 AT & T

Hewlett - Packard  Enterprise

 

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Frequently Asked Questions

Are MBA colleges in Canada worthy of pursuing the course?

Yes, Canada is one of the best study abroad destinations for pursuing MBA. MBA colleges in Canada emphasize on theoretical knowledge, practical skills and cater to diverse career aspirations of students. They have strong career service departments that help them secure internships and job placements.

Are MBA colleges in Canada affordable ?

Yes, MBA colleges in Canada are affordable as compared to the MBA colleges in other countries. Along with available scholarships provided by government, non government and institutions, such financial assistance helps students fulfill their dream of pursuing higher studies abroad.

How can I get admission in MBA colleges in Canada?

Although admission requirements vary from institution to institution. Some basic requirements include GMAT/ GRE scores, Scores of English Proficiency Test - IELTS, TOEFL, PTE. A work experience for more than 2 years, SOP, LOR, Academic scores, Essays etc.

What are the job opportunities after MBA from Canada ?

Canada is a hub of various international firms. An average salary of an MBA Graduate in Canada is around $70,000. Since MBA students have a global exposure, they can expect excellent placement offers.

How long can I stay in Canada after completing my MBA?

If the course duration of MBA was 2 years, then one can stay for 3 years in Canada. Meanwhile if the course duration of MBA is 1 year, then a valid work permit is only for one year.

Which intake is best for MBA Colleges in Canada ?

September/ Fall intake in Canada is highly preferred amongst students due to the availability of large seats in all the courses, availability of numerous scholarships etc.

Can we get Permanent Residency in Canada after MBA ?

Yes, Canada has pro immigration policies to cater diverse interests. You can apply for PR in Canada with an MBA degree. The process will hardly take 6 months.

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