Canada is one of the top five countries worldwide to get an MBA. It has become only one of the top destinations for higher education. It also features on our list of top ( top five) countries to study abroad. based on inputs from MBA Candidates whose first destination is to study MBA program.
However, in this article, we will explain the MBA program in Canada with complete guidelines including how much it costs to do an MBA in Canada?, Application requirements, Eligibility, Job opportunities, top MBA university, and more facts.
Why MBA IN Canada
MBA in Canada is accredited globally and it is the first destination for international business administration students.
Canada offers you a lot of reasons to pursue your MBA course program. Some of these include:
World-ranked Institutions: As per QS MBA Rankings (2022), Nine comprehensive universities in Canada are ranked in the top 100 global universities for MBA.
Post-study work opportunities: Canada offers Post-study work opportunities With the Canadian Govt encouraging various SMEs. There are increased work opportunities for Master’s Business administration graduates in Canada.
Predominant financial sector: Canada has a lot of predominant financial sectors. Because of that Canada is only best well-known for its MBA program.
However, the Canadian financial services sector is quite strong. It grew approximately 12.7% in the past Decennial.
Promising course option: A Canadian Master’s Business Administration degree is counted among the top ten subjects with the highest salaries.
Easy to Colonize: MBA program in Canada is highly proposed by all international students who desire to colonize with a work permit With friendly work policies.
How much does the cost of an MBA in Canada
To study MBA in Canada, the average MBA cost ranges between $30,000 USD – $40,000 USD, which is considered cheaper than in Australia, Japan, the UK, the USA, and other study abroad countries. Usually, the completeness of an MBA Course-program takes about 2 years.
Low-Cost MBA in Canada
Here are the top 10 Universities list Low-cost MBA in Canada:
University | Program Type | Average cost |
McMaster University | Online Blended MBA | CA$19,164 |
University Canada West | Online MBA | CA$35,100 |
Dalhousie University | Online Blended MBA | CA$47,600 |
University of Alberta | Online MBA | CA$31,600-CA$73,700 |
Queen’s University | Executive MBA | CA$106,000 |
Wilfrid Laurier University | On Campus | 16,994.12 |
University of New Brunswick | On Campus | $9450 to $11,912 |
Most Affordable MBA Programs in Canada
The MBA program in Canada is a pocket-friendly course program. There are a few kinds of MBA programs available for domestic & international students: Executive MBA, Dual Degree MBA, Part-Time MBA, and Full-Time MBA.
Below we mentioned a list of universities offering affordable MBA programs in Canada.
University / Institute | Fees |
Vancouver Island University | 720.00 per credit |
University of Prince Edward Island | 6,822 CAD |
Memorial University of Newfoundland | 9,666 |
University of New Brunswick | $9450 to $11,912 |
University of Saskatchewan | 11,460 CAD |
University of Manitoba | 14,700 CAD |
Wilfrid Laurier University | 16,994.12 |
University of Northern British Columbia | $23,818.20 |
University of Alberta | 28,281 |
MBA in top Business Schools in Canada
Here is a list of MBAs in Top Business Schools in Canada.
Rotman School of Management
Program Details
Program Type: Full-Time MBA
Tuition fees: $102,100 USD
Duration: 2 years
Scholarship: Available
Rotman School of Management
Program Details
Program Type: Morning/Evening MBA
Tuition fees: $109,970 USD
Duration: 32 months
Scholarship: Available
Ivey Business School MBA
Program Details
Program Type: Deferred Admission- Available
Tuition fees: $101,500 USD
Duration: 12 months
Scholarship: Available
Ivey Business School MBA
Program Details
Program Type: Accelerated MBA
Tuition fees: $61,000 USD
Duration: 8 months
Scholarship: Available
Queen’s Smith School of Business
Program Details
Program Type: Full-Time MBA
Tuition fees: $71,445 USD
Duration: 12 months
Scholarship: Available
Queen’s Smith School of Business
Program Details
Program Type: Accelerated MBA
Tuition fees: $81,000 USD
Duration: 12 months
Scholarship: Available
York University
Program Details
Program Type: Schulich Full-Time MBA
Tuition fees: $99,400 USD
Duration: 24 months
Scholarship: Available
York University
Program Type: Schulich International Part-time MBA
Program Details
Tuition fees: $99,400 USD
Duration: 20 months
Scholarship: Available
HEC Montréal
Program Details
Program Type: Full-Time MBA
Tuition fees: $33,200 USD
Duration: 12 months
Scholarship: Available
McGill Desautel
Program Details
Program Type: Full-Time MBA
Tuition fees: $89,000 USD
Duration: 20 months
Scholarship: Available
McGill Desautel
Program Details
Program Type: Professional MBA (Part-Time)
Tuition fees: $79,500 USD
Duration: 32 months
Scholarship: Available
UBC Sauder
Program Details
Program Type: Professional MBA (Part-Time)
Tuition fees: $56,000 USD
Duration: 24 months
Scholarship: Available
UBC Sauder
Program Details
Program Type: International MBA (Part-Time)
Tuition fees: $54,000 USD
Duration: 20 months
Scholarship: Available
University of Alberta
Program Details
Program Type: Part-Time MBA
Tuition fees: $51,020 USD
Duration: 6 years
Scholarship: Available
UBC Sauder
Program Details
Program Type: Fast Track MBA
Tuition fees: $1,220 USD
Duration: 10 months
Scholarship: Available
Best MBA college in Canada
Below, a list is a comparison between the top 20 Business Schools in Canada based on tuition fee, GMAT Score, program type, and Location available:
1. Queen’s Smith School of Business,
Program Details
Tuition fees: $102,100 USD
GMAT Score: 654
Program Type: Part-time, Full-time, Executive, and Dual Degree
Location: Kingston
2. The University of Toronto
Tuition fees: $131,120 USD
GMAT Score: 670
Program Type: Part-time, Full time, Executive, and dual degree
Location: Toronto
3. McGill University – Desautels Faculty of Management
Program Details
Tuition fees: $99,500 USD
GMAT Score: 675
Program Type: Part-time, Full time, Executive, and dual degree
Location: Montreal
4. Western University – Ivey Business School
Program Details
Tuition fees: $120,500 USD
GMAT Score: 680
Program Type: Full-time, Executive, dual degree
Location: London
5. Concordia University – John Molson School of Business
Program Details
Tuition fees: $41,500 USD
GMAT Score: 640
Program Type: Part-time, Full time, Executive, and dual degree
Location: Montreal
6. York University – Schulich School of Business
Program Details
Tuition fees: $106,900 USD
GMAT Score: 660
Program Type: Part-time, Full time, Executive, and dual degree
Location: Toronto
7. HEC Montréal
Program Details
Tuition fees: $54,000 USD
GMAT Score: 625
Program Type: Part-time, Full time, Executive, and dual degree
Location: Montreal
8. UBC Sauder School of Business
Program Details
Tuition fees: $90,057 USD
GMAT Score: 650
Program Type: Part-time, Full time, Executive, and dual degree
Location: Toronto
9. Alberta School of Business
Program Details
Tuition fees: $60,000 USD
GMAT Score: 650
Program Type: Part-time, Full time, Executive, and dual degree
Location: Edmonton
10. McMaster University – DeGroote School of Business
Program Details
Tuition fees: $86,000 USD
GMAT Score: 580-700
Program Type: Part-time, Full-time, Executive
Location: Burlington
11. Sobey School of Business
Program Details
Tuition fees: $43,000 USD
GMAT Score: 590
Program Type: Part-time, Full time, Executive, and dual degree
Location: Halifax
12. University of Ottawa – Telfer School of Management
Program Details
Tuition fees: $64,000 USD
GMAT Score: 510-720
Program Type: Part-time, Full time, Executive, and dual degree
Location: Ottawa
13. Brock University – Goodman School of Business
Program Details
Tuition fees: $70,317 USD
GMAT Score: 550+
Program Type: Part-time, Full time, Executive, and dual degree
Location: St. Catharines
14. The University of Calgary – Haskayne School of Business
Program Details
Tuition fees: $29,087 USD
GMAT Score: 550+
Program Type: Part-time, Full time, Executive, and dual degree
Location: Calgary
15. Wilfrid Laurier University
Program Details
Tuition fees: $49,738 USD
GMAT Score: 550-640
Program Type: Part-time, Full time, Executive, and dual degree
Location: Toronto/Waterloo
16. University of Victoria
Program Details
Tuition fees: $38,419 USD
GMAT Score: 550+
Program Type: Full-time, executive, and part-time
Location: British Columbia
17. Simon Fraser University – Beedie School of Business
Program Details
Tuition fees: $58,058 USD
GMAT Score: 615
Program Type: Full-time and Part-time
Location: Vancouver
18. Ryerson University – Ted Rogers School of Management
Program Details
Tuition fees: $47,391 USD
GMAT Score: 550-750
Program Type: Full-time and Part-time MBA
Location: Toronto
19. Edwards School of Business
Program Details
Tuition fees: $54,854 USD
GMAT Score: 550+
Program Type: Full-time and Part-time MBA
Location: Saskatchewan
20. Rowe School of Business
Program Details
Tuition fees: $82,205 USD
GMAT Score: 550+
Program Type: Online, corporate residency, Dal MBA
Location: Halifax
Eligibility
- For admission to an MBA program, candidates must have earned a bachelor’s degree or equal Degree from a recognized academic institution.
- An average of 3-5 years of job experience (might not be required by a few universities)
- A Legal GRE or GMAT score, as well as English language ability scores such as TOEFL/ IELTS, are also necessary.
- The candidates must have a minimum CGPA or grade point average Individualized by the university of choice.
- LORs (Recommendation Letters)
- Objectives and Goals
Admission Requirements in Top Colleges & Application Process
It is not difficult to apply for admission in Canada to the MBA program. Usually, Applicants can apply directly on the Canadian business school’s website. They can also contact the Business administration department of their selected B-schools for assistance if applicants are unsure about the method.
To apply for MBA in Canada, follow the same steps:
Step-1: First of all, Visit the Colleges/ universities’ official websites.
Step-2: Acknowledge the university scholarship’s narrow requirements.
Step-3:Collect all of the necessary documents.
Step-4: Take the necessary test exams like IELTS and GMAT.
Step-5: Online application and registration for admission are required.
Step-6: Wait for confirmation messages from the university/College.
Salary/Job opportunities after MBA
Canada is well-known as one of the most powerful economies in the world. Top business organizations such as McKinsey, EY, KPMG, Morgan Stanley, HCL Technologies, Deloitte, Infosys, Microsoft, Google, and Apple Inc. Here are some of the best career options for Masters’s business administration (MBA) professionals in Canada:
Marketing Analyst
Marketing Analyst is a comprehensive demandable job. Usually, Candidates can be Marketing Analysts after a Master’s Business administration in marketing.
Market data and Consumer data are used by marketing analysts to assess risk, track, and analyze the competition. The average salary of a marketing analyst is around CA$ 40,000 to 70,000 a year.
Financial Manager
A Financial Manager is a high-profile Professional Job. It is also offered to an Ambitious with a Masters’s Business Administration degree in Finance as a specialization. The average Median salary ranges around $134,180 USD annually.
Recruitment Specialist
The recruiter is duty-bound for the onboarding of various non-IT and IT requirements. The entire employee lifecycle is Obeyed, including screening, sourcing, joining, recruitment, exit, and onboarding formalities by a Recruitment Specialist. The average salary of a Recruitment Specialist is around $51,398 per year.
Financial Analyst
Financial Analyst is one of the best jobs in the world. There are a lot of facilities for job opportunities without experience in a Canadian Business Company.
The average salary in Canada for a Financial Analyst is C$59913.
Marketing Coordinator
Marketing Coordinator is a great job opportunity in the Corporate sector.
Here the professional needs to coordinate with the marketing analyst and the sales team to track the revenue and sales of the organization. The average salary offered is CA$ 37,000 to 56,000 a year.
Sales Manager
A Sales Manager is an important Job profile in a Corporate office, offered to a professional MBA with a specialization in the marketing sales sector. The job roles are market research, business development, revenue generation, and team handling. The average salary ranges from $ 41,000 to 110,000 in a year.
Human Resource Director
The average salary is $107,500 USD a year. The Human Resource Director will be responsible for creating the strategies, policies, regulations, and various organizational rules.