Last Updated on January 17, 2023
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mba programs in canada
MBA in Canada: 47 Top Colleges, Rankings, Eligibility, Deadlines
| S.No | University | Program Name | 2022 Ranking | GMAT Score | IELTS Score | Application Deadline | Fees |
|---|---|---|---|---|---|---|
| 1. | University of Toronto- Jospeh L. Rotman School of Management | Full Time MBA | #42 by QS #28 by THE #75 by FT | 660 | 7 | 7-Mar-22 | 38.8 Lakhs/Yr |
| 2. | McGill University- Desautels Faculty of Management | MBA in Business Analytics | #74 by QS #64 by THE #91 by FT | 700 | 6.5 | 15-Mar-22 | 25.4 Lakhs/Yr |
| 3. | Cape Brenton University- Shannon School Of Business | MBA in Community Economic Development | – | 560 | 6.5 | 1-Feb-22 | 5.3 Lakhs/Yr |
| 4. | University Canada West | Full Time MBA | – | 560 | 6.5 | 14-Feb-22 | 14 Lakhs/Yr |
| 5. | University of British Columbia- UBC Sauder School of Business | Full Time MBA | #84 by QS #35 by THE | 550 | 7 | 5-Apr-22 | 54.9 Lakhs/Yr |
| 6. | Univerisity of Alberta- School of Business | MBA In Finance | #111-120 by QS #101-125 by THE | 550 | 7 | 15-Apr-22 | 16.2 Lakhs/Yr |
| 7. | Concordia University- John Molson School of Business | MBA in Investment Management | #131-140 by QS #301-400 by THE | 580 | 7 | 1-Mar-22 | 17.9 Lakhs/Yr |
| 8. | Dalhousie University- Rowe School of Business | MS in Business | #151-200 by QS #301-400 by THE | 550 | 7 | 1-Mar-22 | 11.1 Lakhs/Yr |
| 9. | University of Montreal- HEC Montreal | Full Time MBA | #151-200 by QS #76 by THE | 630 | 6.5 | 15-Mar-22 | 28 Lakhs/Yr |
| 10. | McMaster University- DeGroote School of Business | MBA With Co-op | #151-200 by QS #201-250 by THE | 600 | 7 | 1-Apr-22 | 65.5 Lakhs/Yr |
| 11. | University of Ottawa- Telfer School of Management | Executive MBA | #201-250 by QS | 570 | 7 | 31-Jul-22 | 25.3 Lakhs/Yr |
| 12. | University of Manitoba- Asper School of Business | Full Time MBA | #250+ by QS #401-500 by THE | 550 | 7 | 1-Mar-22 | 15.6 Lakhs/Yr |
| 13. | University of Calgary- Haskayne School of Business | MBA in Management | #250+ by QS #301-400 by THE | 550 | 7 | 1-Mar-22 | 22.5 Lakhs/Yr |
| 14. | Ryerson University- Ted Rogers School of Management | Full Time MBA | #250+ by QS #501-600 by THE | 550 | 6.5 | 18-Jan-22 | 28.6 Lakhs/Yr |
| 15. | University of Saskatchewan- Edwards School of Business | Full Time MBA | #250+ by QS #501-600 by THE | 500 | 6.5 | 31-Mar-22 | 33.2 Lakhs/Yr |
| 16. | Western University- Ivey Business School | Full Time MBA | #72 by QS #125-150 by THE | 680 | 7 | Rolling Basis | 76.1 Lakhs/Yr |
| 17. | Laval University- Faculty of Business | MBA in Business Analytics | #401-500 by THE | 550 | 6.5 | 1-Feb-22 | 8.4 Lakhs/Yr |
| 18. | Queen’s University- The Stephen J. R. Smith School of Business | Full Time MBA | #64 by QS #301-400 by THE | 600 | 7.5 | 1 Sept 2022 | 77.8 Lakhs/Yr |
| 19. | University of Victoria- Peter B. Gustavson School of Business | Full Time MBA | #201-250 by QS #301-400 by THE | 550 | 6.5 | 15-Feb-22 | 23.1 Lakhs/yr |
| 20. | York University- Schulich School of Business | Full Time MBA | #81 by QS #151-175 by THE | 550 | 7 | 10-Feb-22 | 30.6 Lakhs/Yr |
| 21. | University of Guelph- Gorden S. Lang School of Business and Economics | MSc Management | #301-400 by THE | 600 | 6.5 | 15-Jan-22 | 7.8 Lakhs/Yr |
| 22. | University of Quebec at Montreal- École des Sciences de la Gestion (ESG) | MBA in Accounting | #601-800 by THE | 570 | 15-May-22 | 15.7 Lakhs/Yr |
| 23. | University of Alberta- School of Business | MBA in Innovation and Entrepreneurship | #111-120 by QS #101-125 by THE | 550 | 7 | 15-Apr-22 | 16.2 Lakhs/Yr |
| 24. | Memorial University of Newfoundland- Faculty of Business Administration | Full Time MBA | #401-500 by THE | 590 | 7 | 1-Feb-22 | 3.9 Lakhs/Yr |
| 25. | Athabasca University- Faculty of Business | MBA in Supply Chain Management | – | 550 | 6 | 15-Mar-22 | 14.8 Lakhs/Yr |
| 26. | Thompson Rivers University- School of Business and Economics | Full Time MBA | – | 550 | 7 | 1-Feb-22 | 8.4 Lakhs/Yr |
| 27. | University of Moncton | Full Time MBA | – | 550 | 6.5 | 4-Mar-22 | 16.7 Lakhs/Yr |
| 28. | Fairleigh Dickinson University | MBA in International Business | – | 550 | 6 | 1-May-22 | 15.8 Lakhs/Yr |
| 29. | Lakehead University – Thunder Bay | Full Time MBA | – | 560 | 6.5 | 1-Feb-22 | 20.6 Lakhs/Yr |
| 30. | Royal Military of College | Full Time MBA | – | 650 | 8.5 | 1-Mar-22 | 29.2 Lakhs/Yr |
| 31. | Laurentian University | Full Time MBA | – | 550 | 6.5 | 15-Jul-22 | 23.2 Lakhs/Yr |
| 32. | Vancouver Island University | Full Time MBA | – | Not Required | 7 | 31-May-21 | 29.4 Lakhs/Yr |
| 33. | Brock University- Goodman School of Business | Full Time MBA | #201-250 by QS | 550 | 7.5 | 1-Mar-22 | 18.7 Lakhs/Yr |
| 34. | University of Quebec at Chicoutimi | Full Time MBA | – | 550 | 1-Mar-22 | 8.9 Lakhs/Yr |
| 35. | University of Sherbrooke | Full Time MBA | – | 500 | 7 | 1-Sep-22 | 10 Lakhs/Yr |
| 36. | University of Quebec at Trois Rivieres | Full Time MBA | – | 550 | 1-May-22 | 10 Lakhs/Yr |
| 37. | University of Quebec at Outaouais | Full Time MBA | – | 550 | 30-Apr-22 | 12.6 Lakhs/Yr |
| 38. | University of Prince Edward Island | MBA in Global Leadership | – | 550 | 7 | 1-Jul-22 | 12.7 Lakhs/Yr |
| 39. | Trinity Western University | MBA in International Business | – | Not Required | 7 | Rolling Basis | 20.6 Lakhs/Yr |
| 40. | Wilfrid Laurier University | Full Time MBA | #201-250 by QS | 550 | 7 | 1-Apr-22 | 25.1 Lakhs/Yr |
| 41. | Simon Fraser University- Beedie School of Business | EMBA Indigenous Business Leadership | #201-250 by QS | 620 | 7 | 15-Feb-22 | 33.4 Lakhs/Yr |
| 42. | Saint Mary’s University- Sobey School of Business | Full Time MBA | #201-250 by QS | 550 | 7 | 1-Apr-22 | 32.8 Lakhs/Yr |
| 43. | University of New Brunswick | Full Time MBA | #501-600 by THE | 550 | 7 | 31-Mar-22 | 7.1 Lakhs/Yr |
| 44. | University of Windsor- Odette School of Business | MBA in Professional Accounting | #401-500 by THE | 550 | 6.5 | 1-Apr-22 | 22.3 Lakhs/Yr |
| 45. | Carleton University- Sprott School of Business | MBA in Business Analytics | #501-600 by THE | 550 | 6.5 | 1-Mar-22 | 23.6 Lakhs/Yr |
| 46. | University of Northern British Columbia | Full Time MBA | #801-1000 by THE | 550 | 6.5 | 15-Feb-22 | 10.3 Lakhs/Yr |
| 47. | University of Regina- Kenneth Levene Graduate School of Business | MBA in International Business | #401-500 by THE | 500 | 6.5 | 1-Mar-22 | 9.2 Lakhs/Yr |
As per QS MBA rankings 2022, six business schools and universities in Canada make it to the top 100 list. An overall of 21 MBA colleges in Canada made it to the top 200 rankings for Global MBA. Most graduates from top B-schools, like Schulich School of Business and McGill University, were offered jobs in Canada within three months. For Schulich, around 89% of the class was offered employment and 90% of McGill’s MBA graduates got their placement offers.
Why Study MBA in Canada?
- 13 Canadian universities made it to the top 200 universities for MBA globally, as per QS MBA Rankings 2022.
- A business degree in Canada is considered to be among top 10 subjects with the highest graduate salaries. Given below is a graph giving the average MBA salary of graduates from top universities in Canada
- Simpler Visa & Immigration Process:- Every student who has ever thought of studying abroad can not deny that the complex process of Canada Student Visa and Immigration can be a huge discouragement. With immigration-friendly policies and an option for Indian students to get a faster visa is an added advantage for MBA aspirants.
- The financial services sector particularly stays strong in Canada, with a growth of around 11.6% in the span of 2007-2017. The opportunities to work in the sector are higher for an MBA graduate in Canada.
- With support towards SMEs and start-ups, the doors of entrepreneurship are always open for an MBA graduate in Canada.
Full-Time MBA in Canada
With an understanding of the diversity of the Canadian workforce, an FT- MBA program prepares a student to enter the job market as a leader.
- The duration of the program is usually two years and students can choose to study full-time.
- The program is best suited for a student who can devote their time solely to study.
- Applicants are often required to appear for GMAT Exam and language proficiency test scores to get admission with FT-MBA courses in Canada.
| S.No. | University | Cost (INR) |
|---|---|---|
| 1. | Full-time MBA at University of Toronto | 38 Lakhs/Yr |
| 2. | Full-time MBA at McGill University | 59.3 Lakhs/Yr |
| 3. | Full-time MBA at McMaster University | 26.7 Lakhs/Yr |
| 4. | Full-time MBA at Saint Mary’s University | 32 Lakhs/Yr |
| 5. | Full-time MBA at University of New Brunswick | 6.9 Lakhs/Yr |
Part-time MBA in Canada
The course duration is usually 3-6 years depending on the university you choose to study the course with. The program is more suitable students who work part-time jobs or for those working professionals looking for a degree alongside the work.
| S.No. | University | Fees |
|---|---|---|
| 1. | University of Alberta – School of Business | 19.8 Lakhs/Yr |
| 2. | Concordia University – Molson School of Business | 32 Lakhs/Yr |
| 3. | HEC Montreal | 18.8 Lakhs/Yr |
Executive MBA in Canada
Designed for executives and those with a managerial level of experience looking to advance their education. Often applicants are required to have at least 8-10 years of prior experience to get admissions with executive MBA courses in Canada.
Except for these, international students can also pursue Joint MBA degrees (a combination of pharmacy, law, engineering with global affairs) and Dual Degrees (MBA/JD or MBA/MFA/MA) available for studying in Canada.
| S.No. | University | Fees |
|---|---|---|
| 1. | University of Ottawa | 24.8 Lakhs/Yr |
| 2. | Schulich School of Business- York University | 31.3 Lakhs/Yr |
| 3. | Smith School of Business- Queen’s University | 30.8 Lakh/Yr |
| 4. | UToronto | 68.8 Lakhs/Yr |
| 5. | Mc Gill University | 54.2 Lakhs/Yr |
One-Year MBA in Canada
With its rigorous curriculum and assignments, 1 year MBA in Canada can help you prepare for real-world business challenges. Some of the popular institutions in Canada offering one-year MBA programs are:
| S.No. | University | Fees |
|---|---|---|
| 1. | Sauder School of Business | 53.7 Lakhs/Yr |
| 2. | Richard Ivey Business School, Western University | 74.5 Lakhs/Yr |
| 3. | HEC Montreal | 27.4 Lakhs/Yr |
| 4. | Alberta School of Business | 17.7 Lakhs/Yr |
| 5. | Smith School of Business | 76.1 Lakhs/Yr |
MBA in Finance in Canada
MBA Specialization in Finance is a popular specialization opted by students willing to improvise skills in areas like Financial Management, Corporate Financial Planning, Corporate Acquisitions & Mergers, Accounting, Banking, and Financial Management among others. Additionally, MBA in Finance in Canada course offers various job opportunities in sectors like Quantitative Research, IB Risk Management, Corporate Finance, Finance Analyst.
| S.No. | University | Cost |
|---|---|---|
| 1. | University of Alberta | 15.8 Lakhs/Yr |
| 2. | Concordia University | 20.4 Lakhs/Yr |
| 3. | Laval University | 8.3 Lakhs/yr |
| 4. | University of Toronto | 38 Lakhs/Yr |
| 5. | Queen’s University | 76.1 Lakhs/Yr |
MBA in Business Analytics in Canada
Master of Business Administration Business Analytics is a post-graduate program that can be completed in 2 years. Students pursuing MBA in Business Analytics get a hand in business and management responsibilities related to growth and planning.
| S.No. | University | Tuition Fees |
|---|---|---|
| 1. | McGill University | 58 lakhs/yr |
| 2. | McMaster University | 50 lakhs/yr |
| 3. | University of Calgary | 17 lakhs/yr |
| 4. | Queen’s University | 60 lakhs/yr |
| 5. | Laval University | 17 lakhs/yr |
MBA in International Business in Canada
MBA in International Business in Canada is a 2-year program that is opted mostly by aspirants who wish to develop a global mindset and understand business management practices across the globe. Various organizations in Canada hire students with intercultural issues and ensure smooth transaction of goods/services across international borders.
| S.No. | University | Cost |
|---|---|---|
| 1. | University of Alberta | 15.8 Lakhs/Yr |
| 2. | York University | 33.4 Lakhs/Yr |
| 3. | Ryerson University | 35.5 Lakhs/Yr |
| 4. | University of Regina | 9 Lakhs/Yr |
MBA in General Management in Canada
MBA in general management is one of the most popular programs as it offers insights into the elements of business including accounting, management, finance, and marketing. The aim of an MBA in General Management is to prepare students and experts in dealing with the overall tasks of any organization. For instance, you get an understanding of an organization’s records and bookkeeping strategy, and figure out how to lead an exhaustive investigation of the data.
| S.No. | University | Fees |
|---|---|---|
| 1. | University Canada West | 13.7 Lakhs/Yr |
| 2. | University of Toronto | 38 Lakhs/Yr |
| 3. | University of British Columbia | 53.7 Lakhs/Yr |
| 4. | University of Alberta | 16.4 Lakhs/Yr |
| 5. | Memorial University of Newfoundland | 3.8 Lakhs/Yr |
MBA in Entrepreneurship in Canada
MBA in Entrepreneurship is an MBA specialization for aspirants willing to start their start-ups. The course incorporates several aspects of business management and teaches students about transforming ideas into successful businesses. Additionally, MBA Entrepreneurship teaches students about global strategies, mergers and acquisitions, entrepreneur strategies, venture capital, and private equity, all of which aid in their understanding of the complexity of running a firm.
| S.No. | University | Fees |
|---|---|---|
| 1. | University of Alberta | 15.5 Lakhs/Yr |
| 2. | Memorial University of Newfoundland | 3.9 Lakhs/Yr |
| 3. | Queen’s University | 76.1 Lakhs/Yr |
| 4. | York University | 33.4 Lakhs/Yr |
| 5. | University of Toronto | 38 Lakhs/Yr |
Also Check: 10 Colleges to Pursue Entrepreneurship in Canada
MBA in Supply Chain Management in Canada
MBA Logistics and supply chain management is a 2-year program that provides students the analytical skills and management methods needed for the movement of products and services by utilizing inventory, customer service, warehouse, and storage.
| S.No. | Univesity | Fees |
|---|---|---|
| 1. | University of Toronto | 38 Lakhs/Yr |
| 2. | University of Alberta | 16.4 Lakhs/Yr |
| 3. | McMaster University | 26.7 Lakhs/Yr |
| 4. | York University | 33.4 Lakhs/Yr |
| 5. | Laval University | 8.3 Lakhs/Yr |
MBA in Economics in Canada
MBA in economics is a usual MBA with a specialization in economics. Pursuing this specialization will offer stduents a deep understanding of business aspects and global markets.
| S.No. | University | Fees |
|---|---|---|
| 1. | Cape Breton University | 5.2 Lakhs/Yr |
| 2. | University Canada West (UCW) | 13.7 Lakhs/Yr |
| 3. | Sprott School of Business (Carleton University) | 19.3 Lakh/Yr |
| 4. | NYIT – Vancouver | 19.1 Lakhs/Yr |
Apart from the above-mentioned streams, international applicants can also choose marketing, accounting, business analytics, hospitality management, digital marketing, tourism management, and more streams to specialize in.
MBA in Canada for Indian Students: Admission Requirements
International applicants planning to pursue an MBA from Canada must ensure that fulfill the basic requirements for the degree. You must be familiar with the basic application process of top MBA universities in Canada and their eligibility. Given below are some of the details which international students must be aware of when applying for an MBA in Canada.
Though most of the top universities have GMAT and work experience as an integral eligibility criterion, there are many universities offering MBA without GMAT and MBA without work experience in Canada.
Online Application:- Every university has its own application portal where candidates need to register and complete the application form. In some cases, you may be required to fill in the applications through the province-specific application portals, like OUAC/ApplyAlberta, etc.
Application Fee:- Along with the completion of the online application, candidates must pay an application fee (in Canadian funds). This fee can be paid by credit card and is non-refundable when submitting the online application form.
MBA in Canada Eligibility
International students must note that some important requirements that are to be fulfilled for pursuing MBA in Canada include a 4-year undergraduate degree, GMAT score, English language proficiency, and previous work experience. There are additional document requirements for MBA in Canada. Most of the B-schools in Canada require 7.0 bands in IELTS and 100 in TOEFL.
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Average scores or experience is the one which was present in the previous class of MBA of the university. However, the required are the minimum scores or work experience required for pursuing MBA in Canada.
Canada Student Visa
To pursue MBA in Canada, students are required to apply for a Canadian student visa. The process of Canada student visa is mentioned below:
| Application Portal | Online |
| Processing Time | 11 weeks |
| Valid Time | During the program and 90 days more |
| Processing Fees (CAD) | 150 |
| Processing Fees (INR) | 8,897 |
| Visa Requirements | Acceptance letter from Designated Learning Institute (DSI)A valid passport2 recent passport size photographProof of financial support of upto 11,000 CAD per annumStatement of Purpose |
MBA in Canada without GMAT
Most of MBA universities in Canada ask for the submission of the Graduate Management Admissions Test (GMAT) scoresheet, based on which admission is granted. However, if you are an MBA aspirant who does not perform very well in tests, there is no need to worry. You are not completely out of luck. During admission decisions, students are evaluated on their analytical, decision-making, communication, and leadership skills through education and work experience.
There are several top-notch Canadian universities accepting candidates without their GMAT scores as long as they meet certain other requirements. Some of these universities are the Schulich School of Business, York University, Queen’s University Smith School of Business, and many others.
MBA in Canada: Work Experience Required
Top Universities offering MBA in Canada, require you to have work experience. The minimum requirements for top universities are:
| University | Work Experience Required |
|---|---|
| University of Toronto | Required- 2 Average- 5 |
| McGill University | Required- 2 Average- 5 |
| University of Western Ontario | Required- 2 Average- 4.8 |
| Queen’s University | Required- 2 Average- 4.4 |
| York University | Required- 2 |
| University of Alberta | Required- 2 Average- 5.4 |
| University of British Columbia | Required- 2 Average- 3 to 5 |
| Concordia University | Required- 2 Average- 6 |
| McMaster University | Average- 4 |
MBA in Canada without Work Experience
Though various business schools in Canada for MBA might not mandatorily ask for work experience as a part of the admissions process, the class profiles of these schools suggest that they prefer students with a work experience of as much as 3-4 years. You can still find some B-schools in Canada that will allow you to enter an MBA program in Canada without work experience. Some of these are:
- New York Institute of Technology (Vancouver, BC): For MBA admissions you will require to submit a GMAT score and work experience is not required.
- Thompson Rivers University: Though the university prefers students with work experience, it is not mandatorily required for taking admission to the university.
- Cape Brenton University: To apply for the MBA program you need not have work experience.
- University of Windsor: Admission to the MBA program does not require previous work experience.
- Brock University: The university allows to you apply for MBA programs without previous experience.
MBA Requirements in Canada
- Transcripts:- Submit scanned copies of all official transcripts through an online application portal.
- Resume:- Submit a one-page resume containing the details of their employment history. Should include record of the candidate’s academic qualifications presented in reverse chronological order.
- Letters of Recommendation/ Reference Letter:- At least two professional LORs. Ideally LORs must be presented by individuals who have worked and evaluated the candidate’s work performance and potential.
- Essays:- Writing a b application essay can be the qualifying factor during the admission process. Students are asked to describe why should they be considered for the program. These essays are judged on the basis of their content, style, and tone.
- Test Score/Exams: Scores of exams required for studying in Canadainclude language proficiency scores and GMAT/GREscores. International applicants from non-native English-speaking countries are required to submit these scores.
- Work Experience:- Most of the top universities admit candidates who have at least two years of full-time experience.
- Interview:- After a preliminary review of a candidate’s application, admitted students will be shortlisted for the interview process. Usually, for international students, the interview is conducted over Skype.
- Visa:- Obtain a Canadian visa and study permitfor the duration of their study. Applicants must receive a letter of acceptance from a Designated Learning Institute (DLI) which is applicable at the post-secondary level.
MBA Fees in Canada
For an international applicant planning to study in Canada, the costs for studying can be widely distributed into three categories. These are pre-arrival costs, cost of study, and cost of living. The cost of studying or the tuition fee MBA in Data Science in Canada varies from 11,600 USD to 33,000 USD.
Pre-arrival Costs
Given below is a table indicating the one-time major costs involved for an international student planning to study abroad.
| Type of Expense | Cost (USD) |
|---|---|
| Program Application Fees | 76-136* |
| Visa Application Fees | 178** |
| Health Insurance | 10,000 |
| IELTS Fees | 185-190 |
| TOEFL Fees | 160-250 |
| Airfare | 450-1400 |
*Depends on the university.
**114 USD for a Canadian Study Permit and 64 USD is Biometric fees.
Low Cost MBA in Canada for International Students
As the cost of pursuing MBA in Canada exceeds too much, finding a university that offers MBA at a afordable price is bliss. Here are some of the universities that offer a affordable MBA in Canada:
| University | Fees (INR) |
|---|---|
| Memorial of University Newfoundland (2 years) | ~7.8 lakhs |
| University of Saskatchewan (2 years) | ~3 lakhs |
| Southern Alberta Institute of Technology (1 year) | ~10 lakhs |
| Carleton University (1 year) | ~8 Lakhs |
Cost of Living in Canada
The cost of accommodation, books & materials, transport, food & beverages, etc make up the cost of living for an international student. The cost of living in Canada may vary slightly depending upon the university and city the international student is living in. Basic living expenses are as follows:
| Type of Expense | Cost (USD) |
|---|---|
| Books & Material | 1500/yr |
| Food & Beverage | 3000-5000/yr |
| Accommodations | 4,500-10,000/yr |
| Other Related Expenses | 78-163/month |
| Clothing | 40/month |
| Utilities | 400/month |
| Entertainment | 80-160/month |
International applicants must not that the cost of accommodation in Canada will highly depend on the type of student accommodation opted for.
MBA Scholarship in Canada
As the cost of study for an international student is cumbersome to support, international students look for scholarships available to study in Canada. Some of the popular scholarships to study MBA in Canada are detailed below:
| Scholarship | Amount (CAD) | Offered by |
|---|---|---|
| Women in Business Excellence Award | Up to 10,000 | Rotman School of Management |
| MBA Excellence Award | Up to 20,000 | Rotman School of Management |
| Global Business Leader of Tomorrow | Up to 10,000-15,00 | Sauder School of Business |
| Ivey MBA Scholarship | Up to 10,000 | Ivey Business School |
| MBA Entrance Scholarship | Up to 7500-11,500 | Haskayne School of Business |
| Scotiabank Scholarships | Up to 20,000 | Schulich School of Business |
| MBA Admission Award | up to 1000 to 10000 | DeGroote School of Business |
| MBA in-course & Entrance Scholarship | 500 to 1000 | DeGroote School of Business |
| Hardeep Grewal MBA Scholarship Endowment | Variable | Concordia University |
MBA Salary in Canada
In Canada, international students who have completed a two-year master’s program from a Canadian University can automatically receive a three-year work permit for Canada. As the second-largest country on Earth, Canada opens a large number of doors for MBA students in terms of job opportunities in Canada. Some of these career opportunities are discussed below:-
- Finance and Consulting:- The traditional employers of MBA, financial services firms, and consulting companies remain the major recruiters of MBA students. Hence, the majority of international students go for MBA in Finance in Canada.
- SMEs:- Small and medium-sized enterprises are becoming one of the biggest hiring sectors of business school talent. MBA students who are specifically trained in the sector of management find this option as a great opportunity for learning and exposure.
- Technology:- Living in the 21st century, technology has surpassed all the other sectors of the economy. Technology-based firms have always been the most enticing career choice for MBA students.
Some of the popular job destinations and their average salaries in Canada offered to MBA graduates in Canada are given below:
| Designation | Average Annual Salary (USD) |
|---|---|
| Business Development Manager | 182,000 |
| General Manager | 180,000 |
| Manager | 204,000 |
| Project Manager | 138,000 |
| Business Advisor | 141,000 |
| Strategy Director | 200,000 |
| Chief Financial Officer | 148,000 |
| Executive Director | 80,000 |
| Financial Analyst | 59,000 |
| Marketing Manager | 46,000 |
| Operations Manager | 61,000 |
Is MBA in Canada Worth It?
Applicants must note that for some of its most popular business schools, Canada offers an increment of as much as 80% on the salaries as compared to pre-MBA salaries. With your MBA degree, you can also choose to apply for Immigration to Canada. The alumni weighted salary for the top three business schools are compared with their annual tuition in the graphical representation below:
ROI for Top MBA Colleges in Canada
| University | Highest MBA Salaries (INR) |
|---|---|
| Tefler School of Management (UOttawa) | 97.8 Lakhs |
| Desaultels Faculty of Management (McGill) | 87.3 Lakhs |
| University de Montreal | 85.1 Lakhs |
| Beedie School of Business (SFU) | 81.9 Lakhs |
| Peter V. Gustavson School of Business (UVictoria) | 77.6 Lakhs |
| Rotman School of Management (UToronto) | 73.1 Lakhs |
| Ivey Business School (UWO) | 71.6 Lakhs |
| Stephen J.R. Smith School of Business (Queen’s) | 71.6 Lakhs |
| Odette School of Business (UWindsor) | 69.4 Lakhs |
| Schulich School of Business (York) | 63.4 Lakhs |
| Sauder Business School (UBC) | 61.9 Lakhs |
So except for blessing the world with intellectuals like Justin Trudeau, Canada has also managed to make its mark in the education sector. Even though Canada may not have an MBA as its neighbor (USD), the immigration friendly policies, multicultural society, welcoming nature of the country makes it one of the most popular international student destination. The latest statistics suggest that the employment rate of MBA graduates in Canada has moved up considerably. You can earn as much as 80,000 to 200,000 USD annually withMBA jobs in Canada (~59 LPA to 1.4 Cr INR/yr). The country offers enormous opportunities to MBA graduates in SMEs, start-ups, and other popular MBA recruiters like Amazon, EY, Accenture, etc. This makes the MBA in Canada totally worth the expense.
