Over the past few decades, one of the most challenging programs for overseas students has been the MBA. Furthermore, Canada has emerged as the top location for MBA studies. For many overseas students, however, earning an MBA in Canada remains a dream. Full-time and part-time MBA programs in a variety of specializations are offered by Canadian universities, along with numerous scholarship options. The best MBA university in Canada, its costs, and admission requirements are all covered in this article.

Canada is a great place to study for an MBA at reputable universities. In order to finish their MBA degrees, international students are trying to gain admission to prestigious management institutes. Below is a list of the top 8 MBA Universities in Canada, compiled from this blog.

Which are the best universities in Canada for an MBA?

It is well known that Canada has emerged as a popular place to pursue higher education. However, it is perfect for students who want to pursue an MBA in Canada because of its simple immigration process, multicultural setting, and the straightforward road to citizenship and Permanent Residency.

Some Canadian universities have been highly rated for providing the best MBA programs in Canada to international students, according to the QS Global MBA Rankings-

Canada Universities Offering MBA	QS Global MBA Rankings 2025
Rotman School of Management	39
Desautels Faculty of Management	66
Ivey Business School	76
Smith School of Business	91
Sauder School of Business	101-110
Schulich School of Business	101-110
Alberta School of Business	131-140
John Molson School of Business	141-150
HEC Montréal	151-200
DeGroote School of Business	151-200

Students from all around the world apply to register in one of Canada's most challenging programs, the MBA. Now, let's review the specifics of the best affordable universities in Canada for MBA for Indian students.

University of Toronto: Rotman School of Management

This highly regarded business school in Canada is ranked in the top 10 for both staff and innovation. However, Rotman prepares its students to use innovative technology to address real-world issues in the management sector by fusing innovation with management training. Rotman's MBA guarantees familiarity with the industry and a focus on research.

·       QS World University Ranking, 2024- 21

·       Location- Toronto

·       Estimated MBA Tuition fee- CAD 136410 (Approx. INR 84.7 lakhs)

·       MBA Entry requirements: Undergraduate degree, GMAT/GRE score, work experience, IELTS or TOEFL score

Western University, London: Ivey Business School-

Ivey is well-known for teaching students’ practical skills through its Case-Learning approach. The primary benefits of this business school, it places a strong focus on overseas study excursions, internships, and exchange programs. Ivey is one of the top Canadian colleges for MBA programs with employable skills, since employer satisfaction greatly influences the curriculum and instruction.

·       QS World University Rank 2024- 114

·       Location- London, Ontario

·       MBA Tuition fee- CAD 126600 (Approx. 78.6 lakhs)

·       MBA Entry requirements- GMAT score, acceptable IELTS or TOEFL score, two professional references

McGill University: Desautels Faculty of Management-

McGill University is a fantastic choice for Indian students seeking an MBA in Canada because it has a campus in Montreal, the nation's top student metropolis. However, the prestigious EQUIS (European Quality Improvement System) certification is held by the university's administration faculty. This is a wonderful school for your MBA in Canada because of the faculty members' well-known and respected names throughout the world. Additionally, the university is home to the Dobson Centre for Entrepreneurship, which, since 1988, has supported the development of almost 6000 employees.

·       QS World University Rank 2024 - 30

·       Location- Montreal

·       MBA Tuition fee- CAD 99,500 (Approx. 60 lakhs)

·       MBA Entry requirements- Minimum of 2 years, post-graduation work experience, GRE/GMAT completion, IELTS/TOEFL scores

Queen’s University: Smith School of Business-

Smith School excels at preparing for the ever-changing corporate environment. According to the global 2023 Times Higher Education Impact rankings, Queen's University is rated third. Since providing Canada's initial undergraduate business-related degree, the Smith School has been known for its small class sizes and faculty members' attention.

·       QS World University Rank 2024- 209

·       Location- Kingston

·       MBA Tuition fee- CAD 105100 (Approx. INR 65.2 lakhs)

·       MBA Entry requirements- Ideally, a 4-year undergraduate degree, 2 years of work experience, acceptable GMAT/GRE scores, acceptable IELTS score or other English language test scores.

University of British Columbia, Vancouver: Sauder School of Business

It is regarded as one of the top Canadian universities for an MBA because of its collaborative learning, worldwide exposure, and very helpful staff. The student body at Sauder School is incredibly diverse, providing excellent exposure and networking possibilities. However, Sauder School is a fantastic option for international students because of its tightly knit society with graduates living all over the world, extensive international exposure, and individualized support from professors and career consultants.

·       QS World University Rank 2024- 34

·       Location- Vancouver

·       MBA Tuition fee- CAD 98,341 (Approx. 60 lakhs)

·       MBA Entry requirements- 3 or 4-year bachelor’s degree, transcript of degree certificates, meet the GMAT/GRE requirements, overall IELTS score of 7.0 (Other English language tests are also accepted) 

York University, Toronto: Schulich School of Business, Toronto

The Financial Times, The Economist, QS rankings, and other publications rank this as Canada's best business school. However, with its top-notch staff, industry connections, and carefully planned course offerings, Schulich offers an MBA program in Canada that is genuinely valuable. Although the institution boasts more than 34,000 alumni worldwide, with campuses all around the world. You can even choose exactly which of the seventeen business specializations you wish to learn. You can move from part-time to full-time and the reverse with this university's incredibly flexible curricula.

·       QS World University Rank 2024- 353

·       Location- Toronto

·       MBA Tuition fee- CAD 117,850 (Approx. 71.2 lakhs)

·       MBA Entry requirements: Undergraduate degree with a minimum B+ in the last 2 full years of study, acceptable scores in GRE/GMAT, IELTS score of 7.0 or above, and relevant work experience is recommended

Alberta School of Business, Edmonton-

This university is ranked in the top 150 in the world and among Canada's top 5. On the other hand, the Alberta School of Business is a reputable institution that was founded in 1916. With more than 3,000 students and more than 33,000 alumni from more than 80 countries, the University of Alberta is a major player in the business education field today. This university is a wonderful option for Indian students looking to do an MBA in Canada because it offers helpful placement and job counseling assistance.

·       QS World University Rank 2024- 111

·       Location- Alberta

·       MBA Tuition fee- CAD 70,000 (Approx. 43 lakhs)

·       MBA Entry requirements- Undergraduate degree with a GPA of 3.0, acceptable GMAT/GRE score, work experience, and proof of English language proficiency

Concordia University: John Molson School of Business, Montreal

John Molson School of Business boasts a lot of enticing features, including eight donor-funded research centers and programs. However, 92% job satisfaction for graduates and an amazing 18 degrees to pick from the college. During graduation, you will be exposed to a variety of instructional styles, approaches, and worldviews due to the multicultural and diverse student body and staff. However, this is one of the best MBA schools in Canada, and the more than 61,000 alumni worldwide provide you with a networking edge.

·       QS World University Rank 2024- 387

·       Location- Montreal

·       MBA Tuition fee- CAD 47,900 (Approx. INR 29 lakhs)

·       MBA Entry requirements- A minimum of 2 years of work experience, undergraduate degree with a cumulative GPA of 3.0 out of 4.3, a GMAT score of 580 or higher, an overall IELTS score of 7.0 with no band less than 6.5

Why Come to Canada to Study for an MBA? 

This section of the essay will examine several justifications for attending Canada's top MBA schools-

• International students can study an MBA abroad in this country at a reasonable rate.
• International students can live in dorms at reasonable prices at MBA schools in Canada.
• Opportunity to remain in Canada upon degree completion.
• Students who diligently follow the immigration process may be able to get citizenship in Canada.
• Canadian MBA universities provide high-quality education to their students.
• You will acquire appropriate theoretical and practical knowledge.

Qualifications to pursue an MBA in Canada-

Depending on the school and the curriculum, the top MBA schools in Canada have different admissions requirements. Moreover, the fundamental requirements that students must meet to enroll in MBA programs at Canadian universities are discussed here.

• Earn a bachelor's degree from an accredited university with the minimum GPA that the institution requires.
• According to the requirements, you must have appropriate experience.
• Applicants should possess a valid GMAT or GRE score.
• Additionally, send in your results from English language proficiency exams like the PTE, TOEFL, and IELTS.

FAQs of the top universities in Canada for MBA

Q.1 Is it worthwhile to pursue an MBA in Canada?

Ans- Canada is a popular destination for international students seeking an excellent MBA. For a variety of reasons, doing an MBA in Canada could be a great choice.

Q.2 What job alternatives are available in Canada after earning an MBA?

Ans- Obtaining an MBA in Canada can open up some career options for graduates. The country's economy is flourishing. Finance Manager, Economic Researcher, Commercial Analyst, Sales Coordinator, Investing Analyst, Business Analysis Analyst, Commercial Development Manager, and Project Manager are among the job profiles available.

Q.3 How much does it cost to get an MBA in Canada?

Ans- A one-year MBA program at a prestigious Canadian university can cost anything from CAD 45,000 to CAD 126,000. The price of an MBA in Canada can vary depending on your residency status, the program and institution you select, and other factors.

Q.4 Which test is necessary to pursue an MBA at a Canadian university?

Ans- When international students enroll in MBA programs, the majority of Canadian universities recognize their GRE or GMAT results.

Q.5 Is it possible to obtain an MBA from a Canadian university without having any prior work experience?

Ans- Some Canadian universities that offer MBA programs indeed let students apply even if they have no previous experience in employment. Nonetheless, prior work experience gives MBA candidates an additional edge.