MBA in Canada – Top Universities, Eligibility, Fees, Scholarship
Students from all parts of the world choose to pursue an MBA in Canada as its institutions and universities are top-ranked and have great infrastructure support with much emphasis given to Research and Development. Canadian Universities are world-famous for their comprehensive curriculum and teaching methodologies. Plus, the universities offer a spectrum of specializations in their MBA programs to cater to different career goals. An MBA in Canada uniquely prepares students on both theoretical and practical concepts of business management as well as its leadership aspect to provide students with a broad-basedglobal-minded outlook.
Canadian MBA programs focus on hands-on learning approaches through internships, co-op placements, or industry exposures. The exposure to the real world in turn gives the students first-hand experience of what it takes and how they can start building their professional network. With an MBA from Canada being a globally recognized degree, MBA graduates can have leading roles in fields like finance, consulting, technology healthcare, and others.
Why Study MBA from Canada
- 23 business schools in Canada are ranked in the QS Global MBA Rankings 2025.
- Diverse specializations available tailored to various career goals.
- A multicultural environment that enhances learning and networking.
- High employment rate and competitive salary packages for MBA graduates.
- Opportunities for internships and practical work experience in top international companies.
- Strong post-graduation immigration policies allowing pathways to work and residency.
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Eligibility to Study MBA in Canada
- A bachelor’s degree or equivalent in a relevant field.
- Minimum GPA requirements set by universities (varies by institution).
- Professional work experience (2-5 years on average).
- Proof of English language proficiency (TOEFL/IELTS scores).
- GMAT/GRE scores as required by specific universities.
- Statement of purpose and letters of recommendation.
Documents Required to Study MBA in Canada
- Academic transcripts from previous institutions.
- Valid passport copy.
- English language test scores (TOEFL/IELTS).
- GMAT/GRE scores (if applicable).
- Resume/CV highlighting professional experience.
- Statement of purpose (SOP).
- Letters of recommendation.
- Proof of funds for tuition and living expenses.
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Intake to Study MBA in Canada
| Semester | Months |
| Fall | September |
| Spring | January |
| Summer | May |
Fees to Study MBA in Canada
| University | Tuition fees per year |
| Rotman School of Management, University of Toronto | $110,000 |
| Desautels Faculty of Management – McGill University | $105,500 |
| Ivey School of Business | $129,750 |
| Smith School of Business at Queen’s University | $110,000 |
| Sauder School of Business, University of British Columbia | $103,258 |
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Cost of Living in Canada
Here is an estimate of living costs while studying MBA in Canada as per Concordia University.
| Component | Cost (per month) |
| Books and supplies | $2,843 |
| Housing (Rent) | $8,060 |
| Internet/Cell Phone | $1,040 |
| Food | $6,101 |
| Personal expenses | $1,837 |
| Transport/Travel | $1,178 |
| Miscellaneous | $500 |
Study Visa Cost for Canada
| Component | Cost |
| Student Visa Application Fee | $150 |
| Biometrics Fee | $85 |
| Study Permit Extension Fee | $45 |
Top 10 Universities to Study MBA in Canada
| Name of University | QS Ranking | Fees | |
| Rotman School of Management, University of Toronto | #39 | $110,000 | |
| Desautels Faculty of Management – McGill University | #66 | $105,500 | |
| Ivey School of Business | #76 | $129,750 | |
| Smith School of Business at Queen’s University | #91 | $110,000 | |
| Sauder School of Business, University of British Columbia | #101-110 | $103,258 | |
| Schulich School of Business, York University | #101-110 | $123,732 | |
| Alberta School of Business | #131-140 | $88,000 | |
| John Molson School of Business, Concordia University | #141-150 | $53,511 | |
| HEC Montréal | #151-200 | $62,600 | |
| DeGroote School of Business, McMaster University | #151-200 | $75,222 |
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Scholarships to Study MBA in Canada
Scholarship | Granted by | Eligibility Criteria | Amount |
Ontario Graduate Scholarship | Government of Ontario | Strong academic record | Up to $15,000 |
Rotman School of Management Scholarships | University of Toronto | High GMAT scores and leadership potential | Varies |
International Student Entrance Scholarship | Various universities | Academic excellence | $2,000-10,000 |
Scotiabank Graduate Scholarship | Various Canadian institutions | Academic excellence and financial need | Up to $10,000 |
Vanier Canada Graduate Scholarship | Government of Canada | Exceptional leadership skills and academic performance | $50,000 per year for up to 3 years |
Student Visa to Study MBA in Canada
To apply for a student visa to study in Canada, you need the following things.
- Valid passport.
- Acceptance letter from a designated learning institution (DLI).
- Proof of sufficient financial resources.
- Medical examination certificate.
- Biometrics and application processing fee.
- Statement of intent to return to home country post-study.
Popular MBA Specializations for Canada
Specialization | Offered by | Admission Requirements | Fees |
Finance | Rotman, Schulich | GMAT, work experience | ~$110,000- $124,000 per year |
Marketing | Sauder, McGill | TOEFL/IELTS, SOP | ~$103,000- $106,000per year |
Technology Management | UBC, Alberta | GMAT, relevant work experience | ~$88,000- $103,000per year |
Entrepreneurship | Queen’s, HEC Montréal | Resume, letters of recommendation | ~$62,000- $110,000per year |
Jobs after MBA in Canada
Graduates of MBA programs in Canada benefit from high employability and competitive starting salaries, thanks to the country’s robust economy and business-friendly environment. Post-MBA, students often find opportunities in leading industries such as finance, technology, consulting, and marketing.
- Business Analyst: 80,000-95,000
- Marketing Manager: 85,000-110,000
- Financial Advisor: 75,000-90,000
- Operations Manager: 90,000-110,000
- Management Consultant: 95,000-130,000
Conclusion
Choosing to study for an MBA in Canada is a strategic decision that can significantly enhance your career trajectory. With world-renowned universities, a multicultural learning environment, and strong economic stability, Canada provides an unparalleled educational experience. Graduates are equipped not only with the knowledge and skills to excel but also with the international exposure that is highly valued in today’s global job market. By pursuing an MBA in Canada, students invest in a future marked by personal and professional growth, setting the stage for success in the competitive world of business.
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FAQs to Study MBA in Canada
Most MBA programs in Canada are 1-2 years long.
Yes, many universities offer part-time or executive MBA programs for working professionals.
Yes, international students can work up to 20 hours per week during the semester and full-time during breaks.
It typically ranges from 600 to 700, depending on the university.
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