MBA is one of the most sought-after courses in Canada. There are 40 universities and colleges in the country that offer MBA specialisations. The average cost for pursuing MBA in Canada for an international student is INR 30 lac. However, depending on the college, it can range from INR 20 - INR 40 lac. According to the 2024 Times Higher Education, Canada has 31 universities in the top 100.
Some of the top MBA specialisations in Canada are MBA in General Management, International Relations, Finance and Supply Chain.Some top universities are University of Toronto, McGill University, the University of York, and Concordia University.
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Why Study MBA in Canada?
International students are choosing Canada for an MBA for several reasons. Some of the reasons are:
1. Well-Established Universities
Many reputed universities offer MBA programs in Canada for Indian students. Overall 21 universities in Canada were featured in the QS World University Ranking 2024 list. The opportunities for career growth at the universities in Canada are plenty.
2. Best Student Cities
Canada is a highly desirable country among international students. According to QS Best Student Cities 2024, five cities in Canada ranked in the top 150 of the list. They include Montreal, Toronto, Vancouver, Ottawa and Quebec. The ranking is based on affordability, desirability, and opinions of current students.
3. Convenient Stay Back Options
The government of Canada gives 180 days to apply for a work permit in Canada after the completion of your course. After 3 years of stay and work under the work permit, you may also be eligible for Canadian Permanent Residence status.
4. Work Opportunities
Like other MBA programs, Canadian universities collaborate with organizations across industries to enhance curriculum options with work placement programs. Over 50 Canadian universities offer MBA co-op programs that allow students to engage in productive work in their field of study and receive remuneration.
Suggested: What are the Job opportunities after MBA in Canada?
Top MBA Courses in Canada
Canada offers a wide range of top-quality MBA courses that cater to various specializations and career goals.
Some of the top MBA specialisations in Canada include:
- Finance
- Marketing
- Entrepreneurship
- International Business
- Healthcare Management
- Technology Management
Top Universities for MBA in Canada
Several reputed universities offer an MBA in Canada for Indian students. Some such top universities are:
- Rotman School of Management, University of Toronto
- Smith School of Business, Queen’s University
- Ivey Business School
- McGill University
- Sauder Business School, University of British Columbia
Let us now go into details of each university:
1. University of Toronto
The Rotman School of Management emphasizes transformative learning, public engagement, and bringing together diverse views to create value for business in society. There are 3 programs of MBA offered here, which the students can choose from based on their needs and requirements. Whichever program you choose, Rotman ensures to give you an edge in your life and career.
|
QS MBA Ranking 2024 |
40 |
|
21 |
|
|
Average Fees Per Year |
CAD 64,910 (INR 39,34,070) |
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Popular Programs |
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2. Queen’s University
Smith School of Business is an esteemed part of Queen’s University that offers one of the best MBA programs in Canada for Indian students. It is a well-known premier business school with an international reputation for its innovative approaches to business education. It offers a full-time MBA and Executive MBA specializing in important subjects that help students to progress in their careers.
|
QS MBA Ranking 2024 |
92 |
|
209 |
|
|
Average Fees Per Year |
CAD 102,100 (INR 61,88,090) |
|
Popular Programs |
|
3. Ivey Business School
The Executive MBA (EMBA) at Ivey Business School is designed specifically for busy professionals interested in advancing their careers. The classes here take place 4 days a month to ensure a proper student work-life balance. Students develop world-class leadership skills here that include environmental analysis, strategy formulation, execution, analysis, and talent acquisition and retention.
|
74 |
|
|
Average Fees Per Year |
CAD 120,500 (INR 73,03,280) |
|
Programs Offered |
Executive MBA |
4. McGill University
The McGill University MBA is amongst the top-ranked MBA courses in Canada for Indian students. With around 40,000 students and 275,000 alumni, McGill University holds a worldwide reputation for excellence. Whether you wish to level up your career or build a new business from scratch, the McGill MBA will help you get there.
|
QS MBA Ranking 2024 |
73 |
|
30 |
|
|
Average Fees Per Year |
CAD 99,500 (INR 60,30,510) |
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Programs Offered |
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5. University of British Columbia
Sauder Business School is a leading business school for an MBA in Canada for international students. Located in Vancouver, Canada’s gateway to the Pacific Rim, SBC provides a global business perspective to its students. The teaching faculty here are globally recognized to be the best in their respective fields. The school aims to produce business leaders who can make a difference in the business world.
|
QS MBA Ranking 2024 |
89 |
|
The University of British Columbia, Vancouver World Ranking 2024 |
34 |
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Average Fees Per Year |
CAD 90,457 (INR 54,82,430) |
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Programs Offered |
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Eligibility Criteria and Admission Requirements for MBA in Canada
MBA admission in Canada depends upon the university and the program you choose. Some basic MBA in Canada requirements of the top universities are:
- Undergraduate Degree
- GMAT or GRE Score
- Work Experience
- Language Requirements
- Passport & Visa
Now let’s look at the eligibility for MBA in Canada for Indian students one by one:
1. Undergraduate Degree
To apply for an MBA in Canada all applicants must have an undergraduate degree with a minimum 3.0 CGPA from a recognized university. You must produce the original transcripts too.
2. GMAT Score
The second most important MBA in Canada requirement is the GMAT or GRE score. The top universities for MBA in Canada have made it compulsory for students to have decent GMAT scores. The GMAT score varies depending on the type of MBA program and university you choose. The GMAT general score ranges from 550 to 600.
3. Work Experience
One of the top MBA requirements in Canada is work experience. Minimum 2 years of professional work experience in the relevant field is a must at the time of application. However, not all universities have a mandatory requirement, but it is always preferred.
Universities Offering MBA in Canada without Work Experience
- University of Windsor
- Dalhousie University
- Thompson Rivers University
- Cape Breton University
- Brock University
4. Language Requirements
The English proficiency test is mandatory for all international students to get admission to the universities of Canada. Minimum scores as per the tests are:
5. Passport and Visa
A valid passport and student visa are a must for all international students to study any course at any university in Canada. Do keep in mind to apply for your visa at least 3 months before the expected date of travel.
Documents Required for MBA in Canada
Admission for MBA in Canada requires a set of documents. Some of the common document requirements are mentioned below:
- Transcripts of all educational qualification
- CV or Resume
- LOR or Letter of Recommendation
- SOP or Statement of Purpose
- Scorecards of IELTS/TOEFL
- Scorecards of GMAT/GRE
- Work experience certificate
- A write-up describing your intention behind opting to study MBA in Canada. Do also include your specific area of interest and any prior achievements you have.
Now that we have discussed MBA requirements in Canada, let us understand the admission process:
Admission Process for MBA in Canada
A step-by-step guide to applying for an MBA in Canada is as follows:
- Step 1: Finalize the course that you want to pursue and check for the best university offering that course.
- Step 2:Visit the official university website and collect all data relating to eligibility and the admission process.
- Step 3:Upload scanned copies of all the required documents (transcripts, CV, IELTS/TOEFL, GMAT scorecards)
- Step 4:Fill out the desired application form and pay the fee.
- Step 5:Go through an interview with the respective university directors. This is a great opportunity to display your soft skills and presence of mind.
- Step 6:Once you receive the conditional offer letter after clearing your interview, you may book your seat at the particular university.
- Step 7:Pay your deposit by agreeing to the terms and conditions of the university. The deposit here is non-refundable.
Suggested: Deadlines and intakes to study in Canada in 2024!
Now that we understand the admission process, let us now discuss the MBA in Canada cost:
Cost of Studying MBA in Canada
The overall MBA in Canada cost depends upon the Canadian MBA fees that your university charges and the lifestyle you choose. The costs further may be divided into two parts: Tuition fees and cost of living.
Tuition Fees for MBA in Canada
Canada MBA fees differ between universities. The fee also depends upon the course type of specialization you choose. On average, the average tuition fees for MBA in Canada for Indian students range between CAD 40,000 (INR 24,24,320) to CAD 100,500 (INR 60,91,110) every year.
Cost of Living in Canada
The cost of living in Canada depends upon your lifestyle and preferences. An estimated cost per year for international students is CAD 15,000 (INR 9,09,120) - CAD 20,000 (INR 12,12,160) per month. It covers all amenities like housing, food, travel, stationery, recreational activities, etc.
Suggested: Estimated cost of living in Canada in 2024!
Best Scholarships for MBA in Canada
The cost of studying in Canada is never an issue if you can acquire a well-funded scholarship. Canadian colleges and universities offer a wide range of scholarships based on different criteria to international students. Some of the popular scholarships for MBA in Canada are:
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Scholarship Name |
Awarded to |
|---|---|
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MBA Indigenous Entrance Scholarships |
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AIMCo Scholarship |
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Michael Lang Youth and Leadership MBA Award |
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Women in Business Leadership Scholarships |
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Suggested: MBA Scholarships in Canada of 10,000 CAD and above!
Average Salary After MBA in Canada
The salary after studying MBA in Canada varies according to the work experience. Below are some of the salaries which one can earn as per their work experience.
|
Stages |
Work Experience |
Salary |
|---|---|---|
|
Entry level business manager |
<1 year |
CAD 55,412 (INR 33,58,420) |
|
Early career business manager |
1 to 4 years |
CAD 59,392 (INR 35,99,640) |
|
Mid-level business manager |
5 to 9 years |
CAD 68,552 (INR 41,54,810) |
|
Experienced business manager |
10 to 19 years |
CAD 79,188 (INR 47,99,440) |
|
At the end of their career |
>20 years |
CAD 81,347 (INR 49,30,290) |
Job Prospects after MBA in Canada
As one of the developed nations, Canada offers numerous opportunities for MBA holders to get high-earning job prospects. Canadian industries are well established and prioritize aspirants who have MBA graduates from Canada.
Some leading companies offering employment opportunities for MBA in Canada graduates are:
- Apple
- Amazon
- Royal Bank of Canada
- UbiSoft
- Deloitte
Some popular jobs after MBA in Canada are:
|
Job Title |
Average Annual Salaries |
|---|---|
|
Operation Manager |
CAD 145,000 - 155,000 (INR 87,88,180 - 93,94,260) |
|
Economic Development Officer |
CAD 81,000 - 113,000 (INR 49,09,260 - 68,48,720) |
|
Data Analyst |
CAD 51,000 - 64,000 (INR 30,91,010 - 38,78,920) |
|
Business Analyst |
CAD 81,000 - 93,000 (INR 49,09,260 - 56,36,550) |
|
Junior Financial Analyst |
CAD 47,000 - 55,000 (INR 28,48,580 - 33,33,440) |
From the Desk of Yocket
If you are planning for an MBA in Canada, it is your time to take a step and turn your study abroad dreams into reality. Canada's cultural richness and friendly hospitality create an ideal atmosphere for your overall development and learning. So, take the first step toward realizing your dream of studying abroad in Canada, and prepare to live a life filled with limitless possibilities.
Wondering which affordable universities in Canada best suit your academic requirements? Well, reach out to our Yocket professionals and resolve all your queries, alongside receiving a thorough profile evaluation and end-to-end assistance on everything studying abroad. Book A 15-minute Consultation Call Today!
