MBA in Canada: Guide to MBA in Canada Universities, Requirements, Fees, Scholarships, Jobs & More   Image
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MBA in Canada: Guide to MBA in Canada Universities, Requirements, Fees, Scholarships, Jobs & More

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Yocket Editorial Team
8 mins read
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As businesses across the world continue to evolve, the ways of working and management are dramatically reinvented. An MBA in Canada provides the basic fundamentals and hands-on learning opportunities for students to grow as professionals. MBA in Canada for international students is a highly regarded degree while living in a promising country. The best MBA courses in Canada aim to develop the necessary skills required to successfully deal with real-world business challenges. So, if you are the one opting to pursue an MBA in Canada this blog will definitely serve your purpose. In this blog, we cover everything about the program including the cost of studying MBA in Canada, the best universities, eligibility criteria, admission process, and much more.

Table of Contents:

  1. Why Study MBA in Canada?
  2. Eligibility Criteria and Admission Requirements for MBA in Canada
  3. Documents Required for MBA in Canada
  4. Admission Process for MBA in Canada
  5. Cost of Studying MBA in Canada
  6. Top 5 Universities for MBA in Canada
  7. Scholarships for MBA in Canada
  8. Jobs after MBA in Canada
  9. Frequently Asked Questions About MBA in Canada

Why Study MBA in Canada?

  • Well Established Universities

There are many reputed universities that offer MBA in Canada for Indian students. Overall 21 universities in Canada were featured in the QS World University Ranking 2022 list. The opportunities for career growth at the universities in Canada are plenty. 

  • Best Student Cities

Canada is a highly desirable country amongst international students. According to QS Best Student Cities 2022, 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.

  • 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.

  • 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 Job opportunities after MBA in Canada!


Eligibility Criteria and Admission Requirements for MBA in Cana
da

MBA admission in Canada depends upon the university and the program you choose. Some basic MBA in Canada requirements of the top universities are:

  1. Undergraduate Degree
  2. GMAT or GRE Score
  3. Work Experience
  4. Language Requirements
  5. 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 MBA in Canada all applicants must have an undergraduate degree of 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 the 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

  1. University of Windsor
  2. Dalhousie University
  3. Thompson Rivers University
  4. Cape Breton University
  5. 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 prior to 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 apply for MBA in Canada is as follows:

  1. Finalize the course that you want to pursue and check for the best university offering that course.
  2. Visit the official university website and collect all data relating to eligibility and the admission process.
  3. Upload scanned copies of all the required documents (transcripts, CV, IELTS/TOEFL, GMAT scorecards)
  4. Fill the desired application form and pay the fee.
  5. Go through an interview with the respective university directors. This is a great opportunity to display your soft skills and presence of mind.
  6. Once you receive the conditional offer letter after clearing your interview, you may book your seat at the particular university.
  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 2022!

Now that we understand the admission process, let us now discuss MBA in Canada cost:


Cost of Studying MBA in Canada

The overall MBA in Canada cost depends upon the Canada 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

Canada MBA fees differ between universities. The fee also depends upon the course type of specialization you choose. On average, the MBA in Canada fees for Indian students ranges between CAD 40,000 to CAD 100,500 on yearly basis.


Cost of Living

The cost of living in Canada depends upon your lifestyle and preferences. An estimated cost per year for international students is CAD 15,000 - CAD 20,000 per month. It covers all amenities like housing, food, travel, stationery, recreational activities, etc.

Suggested: Estimated  cost of living in Canada in 2022!


Top 5 Universities for MBA in Canada

There are a number of reputed universities that offer MBA in Canada for Indian students. Some such top universities are:

  1. Rotman School of Management, University of Toronto
  2. Smith School of Business, Queen’s University
  3. Ivey Business School
  4. McGill University
  5. Sauder Business School, University of British Columbia

Let us now go into details of each university now:


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 an edge in your life and career.  

QS MBA Ranking 2022

42

QS WUR 2022

26

Average Fees Per Year

CAD 64,910

Popular Programs

  • Full-Time MBA
  • Global Executive MBA
  • One Year Executive MBA


2.
Queen’s University

Smith School of Business is an esteemed part of Queen’s University that offers one of the best MBA 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 the students to progress in their careers.

QS MBA Ranking 2022

64

QS WUR 2022

240

Average Fees Per Year

CAD 102,100

Popular Programs

  • Full-Time MBA
  • Executive MBA


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.

QS MBA Ranking 2022

72

Average Fees Per Year

CAD 120,500

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 of 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 2022

74

QS WUR 2022

27

Average Fees Per Year

CAD 99,500

Programs Offered

  • Full-Time MBA
  • Executive MBA
  • MBA Law


5.
University of British Columbia

Sauder Business School is a leading business school for 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 in producing business leaders who can make a difference in the business world.

QS MBA Ranking 2022

84

QS WUR 2022

46

Average Fees Per Year

CAD 90,457

Programs Offered

  • Full-Time MBA
  • Professional MBA
  • International MBA


Best Scholarships for MBA in Canada

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:

Scholarship Name

Awarded to

Ontario Graduate Scholarships

  • All international students pursuing full-time and part-time graduate courses in Ontario with a first-class or equivalent in the qualifying exam. 
  • Amount/Benefit: CAD 15,000/ year

MBA Indigenous Entrance Scholarships

  • Selected applicants of Ivey Business School based on academic performance, community contribution, career ambitions, personal motivation and leadership orientation
  • Amount/Benefit: CAD 10,000

AIMCo Scholarship

  • Awarded annually to a meritorious student specializing in finance who is registered full-time in year one or year two of an MBA program at the Alberta School of Business and a student specializing in finance who is registered full-time in year one or year two of an MBA program at the Haskayne School of Business in Calgary.
  • Awards/Benefits: CAD 10,000

Michael Lang Youth and Leadership MBA Award

  • Awarded annually to a student registered full-time in the first year of the MBA program in the University of Alberta School Of Business on the basis of satisfactory academic achievement, leadership potential, and involvement in community activities.
  • Awards/Benefits: CAD 10,000

Women in Business Leadership Scholarships

  • Top applicants of Sauder Business School who demonstrate passion and commitment towards achieving gender parity and supporting women in business leadership.
  • Awards/Benefits: CAD 10,000 - 40,000

Suggested: MBA Scholarships in Canada of 10,000 CAD and above!


What are the 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 in CAD

Operation Manager

145,000 - 155,000

Economic Development Officer

81,000 - 113,000

Data Analyst

51,000 -  64,000

Business Analyst

81,000 - 93,000

Junior Financial Analyst

47,000 - 55,000

If you are planning for an MBA in Canada, it is your time to take a step and turn your study abroad dream 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 realising your dream of studying abroad in Canada, and prepare to live a life filled with limitless possibilities. For further guidance, you may consult our counsellors at Yocket.


Frequently Asked Questions about MBA in Canada

  1. Is MBA in Canada worth it?

Ans. Yes. MBA in Canada for Indian students holds excellence in imparting the best business and management knowledge. It is a great opportunity to acquire the required skills before stepping into the professional world.

  1. What is MBA duration in Canada?

Ans. The general MBA duration in Canada is 2 years. However, there are also universities that offer 1 year MBA courses in Canada.

  1. Which exam is required for an MBA in Canada?

Ans. To pursue MBA in Canada, you need to prove your proficiency in several English-based tests such as IELTS, TOEFL, and GMAT. Students must have a minimum GPA of 3.0-3.5 score for admission to an MBA program in Canada.

  1. Does MBA in Canada require work experience?

Ans. Yes. An MBA in Canada from the top universities requires a minimum of 2 years of work experience. Though there are several popular universities that offer MBA without Work experience in Canada.

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