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Top 10 MBA Colleges & Universities in Canada for 2024

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Sumeet Jain
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Embarking on an MBA journey in Canada promises a highly esteemed educational experience. This program usually extends over two years, offering a comprehensive grasp of key business concepts. The benefits are significant, given that Canadian universities have robust connections with corporations, paving the way for excellent career prospects after graduation. Furthermore, Canada's reputation as a welcoming and secure destination ensures a fulfilling and enriching period of study.

An MBA in Canada is a highly sought-after postgraduate degree that offers a comprehensive education in business management and administration. Canadian universities and business schools are renowned for their high-quality MBA programs, attracting students from around the world. The curriculum typically covers a wide range of business disciplines, including finance, marketing, strategy, and leadership. Graduates of Canadian MBA programs often find themselves well-prepared for global business challenges and can pursue rewarding careers in various industries.

Yocket Premium is your reliable partner when it comes to pursuing education abroad. Our team of experts is committed to offering tailored guidance and support throughout your educational journey, from helping you choose the right university for an MBA in Canada,  to navigating financial aid and visa procedures. With Yocket Premium, you can embark on your dream of international education with confidence. We are dedicated to ensuring a seamless and successful academic voyage.

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Table of Contents

Why Study MBA in Canada?

Pursuing an MBA in Canada is beneficial for international students. You are exposed to the business world on a global stage. Studying at the top MBA colleges in Canada will allow you to gain exposure on a massive scale.

  • Global exposure: Did you know? Personalities like Elon Musk, Margaret Atwood, and many more popular people have studied in Canada! Some of the best universities in Canada for MBAs provide you with a global stage to showcase your expertise.  
  • Top universities: Canada houses about 45 institutions that offer MBAs. Eight of these universities are among the top universities in Canada for MBA. Isn’t everything quality? Of course! Thus, top MBA schools in Canada ensure quality education.
  • Part-time work opportunities: Apart from your learning, you will also have several part-time job opportunities in Canada during your MBA from the best business schools in Canada. This will help you manage your expenses and network.
  • Post-study work opportunity: After the completion of your course from any of the best MBA colleges in Canada, you are eligible to apply for a post-study work permit. This is an awesome opportunity for students aspiring to work abroad after their education.
  • Entrepreneurial development: MBA is a Business course, making it quite obvious that you will be developing Business skills. However, pursuing an MBA from the best business schools in Canada also helps you build an entrepreneurial mindset as you will have to work on real projects. You will have to display your talents in actuality. Thus, making you industry-ready!

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10 Best MBA Colleges in Canada for 2024

MBA is one of the most competitive yet rewarding degrees in the market today. An MBA from top MBA colleges in Canada promises high returns. Similarly, here are the top business schools that offer top-class MBAs in Canada:

  • Schulich School (York University)
  • Rotman School Of Management (University of Toronto)
  • Sauder School Of Business (University of British Columbia)
  • Desautels McGill University
  • Smith Queen’s University
  • University of Alberta
  • Ivey Business School
  • HEC Montréal
  • John Molson School Of Business
  • The University of Canada West

Let us know about each of these top 10 MBA colleges in Canada, in detail:

Schulich School of Business (York University)

If you want to belong to the creme-de-la-creme of the business world, then joining the Schulich School of Business must be your goal. Awarded the position #1 by the prestigious Forbes, Economist, CNN, and more, this is one of the best MBA universities in Canada. 89% of graduates have grabbed attractive jobs right after their graduation here.

University Type

Public

QS World University MBA Ranking 2024 

67

Fees

CAD 106,900 or INR 6,67,000 

Requirements

  • An undergraduate degree from a recognized post-secondary institution with a minimum B average in the last two full years (or equivalent) of academic work.
  • GMAT scores
  • IELTS (overall 7) or TOEFL (100 iBT)
  • 2 years of minimum relevant work experience
  • Online application (2 written essays, 1 timed written essay, 2 videos)
  • Resume
  • 2 LORs

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Rotman School of Management (University of Toronto)

The Rotman School Of Management is a Business school of the University of Toronto. Rotman School is one of the best MBA colleges in Canada for Indian students as many Indians reside in Toronto. The high employment rate of graduates from Rotman College too adds up to the benefit of studying there.  

University Type

Public

QS World University MBA Ranking 2024 

48

Fees

CAD 131,120 or INR 8,00,000 

Requirements

  • An appropriate bachelor's degree, or its equivalent, with a final year average of at least mid-B from a recognized university.
  • A minimum GPA of 3.0
  • GMAT or GRE score
  • 2 years of relevant work experience
  • LORs
  • Essay and video submission
  • IELTS 7 overall or TOEFL iBT 100
  • Interview

Sauder School of Business (University of British Columbia)

UBC’s MBA Business program is among the best Business courses in Canada. This is considered to be one of the best MBA colleges in Canada for Indian students because of the myriad of opportunities posed to the students after their education.

University Type

Public

QS World University MBA Ranking 2024

80

Fees

CAD 90,060 or INR 5,50,000 

Requirements

  • Three or four-year Bachelor's degree with a B+ average, or recognized equivalent from an accredited institution
  • Minimum 550 GMAT score
  • 155 GRE score on both the verbal and quantitative sections
  • IELTS - 7 overall or TOEFL iBT - 100
  • 3-5 years of work experience
  • 2 LORs

Desautels McGill University

McGill University’s MBA program is one of the top-rated business programs in Canada. The program offers 6-10 weeks of internships to students, allowing them to explore the real Business market.

University Type

Public

QS World University MBA Ranking 2024

77

Fees

CAD 32,000 or INR 1,80,000

Requirements

  • 2 years minimum work experience
  • 2 Letters Of Recommendations
  • 2 Official transcripts
  • GMAT/GRE Score
  • IELTS (7 overall) or TOEFL iBT 100
  • Interview (By invitation)
  • 3 Essay questions to be answered

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Smith School of Business (Queen’s University)

Smith School of Business promotes leadership and a career-driven approach towards business studies. From allowing students to design their career paths to making sure they have attractive opportunities and exposure, this university is one of the best places to be.

University Type

Public

QS World University MBA Ranking 2022 

72

Fees

CAD 102,100 or INR 6,24,000 

Requirements

  • Resume
  • Application form
  • Transcripts
  • GMAT or GRE
  • IELTS (7 overall) or TOEFL iBT 100
  • Cover letter
  • 2 LORs
  • 2 Video questions
  • 1 written response
  • Personal interview

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University of Alberta

94% of MBA graduates arrive at rewarding opportunities after studying at the University of Alberta. The course is designed to prepare you technically as well as with all the necessary soft skills to ace the Business world today. 

University Type

Public-Research University

QS World University MBA Ranking 2024 

NA

Fees

CAD 60,000 or INR 36,72,000

Requirements

  • A four-year undergraduate degree from a recognized institution with a minimum grade point average of 3.0/4.0 or 60 credits of study.
  • Minimum of 2 years work experience
  • Score a minimum of 550 on GMAT or 50% on the GRE
  • IELTS (overall required score of 7) or TOEFL iBT of 100
  • 2 LORs
  • Video interview
  • Video and Written questions

Ivey Business School

Quality education, top job opportunities, and several scholarships offered by the Ivey Business School make it one of the best places to study MBA in Canada. Students aspiring to receive financial aid must apply here for fruitful results. 

University Type

Public

QS World University MBA Ranking 2024

NA

Fees

CAD 1,20,500 or INR 73,45,000

Requirements

  • Transcripts
  • GMAT score OR GRE score
  • Resumé demonstrating a minimum of two years, of full-time work experience.
  • TOEFL or IELTS score
  • Two professional references.
  • Online application including completion of two required written essay questions and two required video questions.
  • Application fee of CAD 150.

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HEC Montréal

Along with learning from top experts in the field at HEC Montreal. You will also be exposed to the multicultural environment at the university. With the diverse group of students, you will be able to enjoy a socially rich environment.

University Type

Public

QS World University MBA Ranking 2024

159

Fees

CAD 59,000 or INR 30,60,000 

Requirements

  • An Undergraduate degree.
  • Have at least 3 years full-time professional experience
  • GMAT (minimum score required 570) or GRE (score equivalent to GMAT)
  • IELTS (Overall 7, 7.5 or 8) or TOEFL iBT (95-114)

John Molson School of Business

John Molson School Of Business is regarded as one of the good universities. The reason behind this is the regularly updated curriculum and the analytical skill development that is imbibed in the students. If you are someone who enjoys learning with practical experiences, then this is the place for you. 

University Type

Public

QS World University MBA Ranking 2024

148

Fees

CAD 47,900 or INR 30,00,000

Requirements

  • A bachelor's degree in any discipline from a recognized university, with a minimum GPA of 3.0/4.3
  • Video interview
  • CV
  • A statement of purpose (approximately 500 words)
  • 3 letters of reference
  • Online assignment form.
  • A minimum GMAT score of 580.
  • TOEFL iBT minimum score of 95, Academic IELTS minimum score of 7.0 or Duolingo English Test minimum score of 120

The University of Canada West

The University of Canada West is a private, for-profit institution. However, students aspiring to up their Business skills in Canada can opt to study here. With standardized education, you are also exposed to the corporate world at the university level.

University Type

Private

QS World University MBA Ranking 2024 

NA

Fees

CAD 36,800 or INR 22,50,000

Requirements

  • IELTS (Overall 6.5) or TOEFL
  • A minimum of 3.00
  • Bachelors in Business Administration with at least 70%
  • GMAT or GRE scores
  • Minimum of 3 years work experience

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From the Desk of Yocket

An MBA is a coveted business qualification. Graduates are in high demand worldwide, especially in Canada, known for its top-notch business schools and global recognition. Canada's strong economy and welcoming immigration policies make it an ideal place for post-MBA career growth and settlement.

Yocket Premium streamlines your admission process to prestigious business schools in Canada, providing personalized support for university selection, scholarships, and visa requirements. With our expert guidance, your MBA journey in Canada will become smooth and prosperous. Explore Yocket Premium for a brighter future in Canadian MBA education.

Frequently Asked Questions about MBA Universities in Canada

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