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Canada: Subject Guides

Best universities for an MBA in Canada in 2022

An MBA in Canada can improve your skills and increase your career options. We look at what the top 5 ranking universities offer international students, from fees and programs to career and salary paths.

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With over thirty-eight universities offering MBAs in Canada, we focus on the five top-ranking colleges. We look at their specialisations and fees, entry requirements and scholarship resources. We finish with a look at graduate career opportunities and salaries. 

 

We have used the QS World University Rankings – Full-Time MBA: Global 2022 to create our list of the top business schools for an MBA in Canada. The QS Global MBA Rankings 2022 ‘ranked 286 programmes from 45 study destinations. This makes the ranking the biggest analysis of accredited international MBA programmes globally. Data was collected in early 2021, using three surveys; the QS Global Employer Survey, the QS Global Academic Survey and a survey completed by the business schools themselves.’

 

Why study for an MBA in Canada?

Top 5 MBA universities in Canada

Rotman School of Management, University of Toronto

Smith School of Business at Queen’s University

Ivey Business School, Western University

McGill University

Schulich School of Business

Scholarships in Canada

Careers and Salaries

 

Why study for an MBA in Canada?

 

Studying for an MBA has many advantages:

 

 

Canada offers beautiful landscapes, exciting cities, and a safe place for international students to live and study. There is also no shortage of things to do or places to visit in Canada. Whether you study with the 200,000 other international students in TorontoMontreal or any other city across Canada, they are all top places for international students.

Top 5 MBA universities in Canada

 

The top-ranking colleges in which you can study for an MBA in Canada are:

 

Ranking University City, Province
Rotman School of Management, University of Toronto Toronto, Ontario
2 Smith School of Business, Queen's University Kingston, Ontario
3 Ivey Business School, Western University London, Ontario
4 McGill University Montreal, Quebec
5 Schulich School of Business, York University Toronto, Ontario

 

Let’s now take a more detailed look at what each university has to offer.

 

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Rotman School of Management, University of Toronto

 

The college is in Toronto, Canada’s cultural capital. The city is the second largest financial centre in the whole of North America. Rotman’s academic staff (professors, tutors, mentors) and speakers are business and political leaders in this major financial city.

 

As well as an excellent MBA program, Rotman also offers personalised career services, which is one of the ‘largest teams in business education’. Their Flexible Internship Program and alumni network all assist you in gaining the experience and professional networks you will need in your future career.  

 

Rotman School of Management
Course Full-Time MBA
Length of course 2 years
Tuition fees CAD 133,740 total for 2 years
Specialisations Consulting, Digital Business, Entrepreneurship & Innovation, Finance, Management Analytics, Marketing & Sales
International students 52% of the MBA class

At the time of writing CAD 1 = USD 0.78

 

Entry requirements

  • An appropriate bachelor's degree, or its equivalent, with a final year average of at least mid-B from a recognised university.
  • A minimum GPA of 3.0 in the final year of a bachelor’s degree from a recognised university. Use the International Credentials Equivalencies site to calculate your GPA. 
  • IELTS score of 7.0 (Academic - with at least 6.5 for each component), TOEFL iBT (100 overall, minimum of 22 on speaking and writing.)
  • Work experience
  • Professional reference letters
  • Essay and interviews

 

Application deadline

 

The application deadlines for the Full-Time MBA starting in September 2023 are: 

  • Early Round: September 2, 2022
  • Round 1: October 3, 2022
  • Round 2: January 13, 2023
  • Round 3: March 6, 2023
  • Round 4: April 28, 2023

All international applicants are highly encouraged to apply by Round Three to ensure time for processing of the study visa/permit.

 

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Smith School of Business at Queen’s University

 

The MBA programme offered at the Smith School of Business is recognised as a top global MBA by the Financial TimesThe Economist, and Bloomberg Businessweek. The programme is highly personalised and flexible, which means you can build a program around the areas and specialisations that interest and benefit you. Their methodology is experiential, so you learn by doing. This is achieved using simulations and case studies at college. It also extends beyond the classroom into businesses and communities. 

 

As well as knowledge and experience, you’ll get to develop the in-demand skills that employers demand today, such as communication skills, problem-solving, being a team member and time management. 

 

Smith School of Business
Course Full-Time MBA
Length of course 12 months
Specialisations Examples: Advance portfolio management, Analytical decision making, Marketing, Digital transformation, Finance strategy, Global strategy, Management accounting, Sales management
Tuition fees CAD 104,100
International students 35% of the class

At the time of writing CAD 1 = USD 0.78

 

 

 

 

Entry requirements

 

  • An appropriate bachelor's degree, or its equivalent, with B+ average in last two years
  • GMAT Score (600 min.) or a GRE Score (combined score of 315+)
  • IELTS score of 7.0 (Academic), viBT (100 overall, minimum of 24 on speaking and writing)
  • Work experience – minimum two years
  • Two professional reference letters
  • Essay and interviews
  • Cover letter & resume/cv

 

Application deadline

For classes starting in January 2023, it is strongly recommended that international students apply before September 1, 2022.

 

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Ivey Business School, Western University

 

The MBA at Ivey is ‘the only case-based programme in Canada.’ The MBA uses around three hundred case studies in the year, which means that the real world is brought into your class every day.

Half the academic faculty are international citizens from twenty-one different countries, making international students feel represented and giving them real-life examples of what they can also aspire to.

 

Ivey also gives MBA students the option to take part in an international study trip to China, South America, or Europe. These trips are designed to increase networking opportunities with global business leaders and to learn more about how global business operates.

 

Ivey Business School
Course Full-Time MBA
Length of course 12 months
Specialisations Finance, Entrepeneurship, Marketing, Corporate Strategy & Leadership, International Management
Tuition fees CAD 123,500
International students 37% of the class

 At the time of writing CAD 1 = USD 0.78

 

How to Finance your Full-Time Ivey MBA podcast

 

Entry requirements

 

  • An appropriate bachelor's degree, or its equivalent.
  • GMAT Score (600 min.) or a GRE Score (combined score of 315+)
  • IELTS minimum score of 7.0 (Academic), TOEFL (minimum 100)
  • Work experience – minimum two years
  • Two professional reference letters
  • Essay and interviews
  • Cover letter & resume/cv

 

Application deadline

For classes starting in 2023, it is strongly recommended that international students apply before September 19, 2022.

 

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McGill University

 

Located in Montreal, a lively, multicultural, multilingual society, McGill University offers international students a safe and affordable place to live. The MBA program at McGill was ranked ‘number 2 in Canada and 90th globally in the 2022 Financial Times Global MBA Ranking.’ The two-year course includes an internship, but students can choose to accelerate the course to finish in sixteen months. 

 

Their MBA programme also focuses on core skills employers are looking for, such as artificial intelligence, financial technology and data analysis. 

 

McGill University
Course Full-Time MBA
Length of course 1 year or 2 years
Specialisations Finance, Marketing, Global Strategy and Leadership, Business Analytics, Entrepreneurship
Tuition fees CAD 99,500
International students 30% of students at McGill University

At the time of writing CAD 1 = USD 0.78

 

Entry requirements

  • An appropriate bachelor's degree, or its equivalent.
  • GMAT Score or a GRE Score
  • IELTS 7.0 (Academic), TOEFL (20 in each category)
  • Work experience – minimum two years
  • Two professional reference letters
  • Three essays and interviews
  • Cover letter & resume/cv

 

Application deadline

Applications for the MBA Full-Time programme for Fall 2023 will open in mid-September 2022.

 

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Schulich School of Business

 

The Schulich MBA allows students to adapt their program in fields that interest them by offering eighteen areas of specialisation. You can also switch between full-time and part-time and even accelerate your MBA to complete it in eight months. For those students who must work, there is also a weekend and evening MBA. In terms of preparing, you for your future career, Schulich School of Business has a Centre for Career Design and a team of career coaches and advisors and mentors in the industry.

 

Schulich School of Business
Course Full-Time MBA
Length of course 16-20 months
Specialisations Examples: Accounting, Arts, Media & Entertainment Management, Business & Sustainability, Business Analytics, Entrepreneurial Studies, Finance, Marketing, Strategic Management
Tuition fees CAD 112,500 total program
International students 55% at Schulich School of Business

At the time of writing CAD 1 = USD 0.78

 

Entry requirements

  • An appropriate bachelor's degree, or its equivalent, with B+ average in last two years.
  • GMAT Score or a GRE Score
  • IELTS 7.0 (Academic – minimum 6.5 in each part), TOEFL iBT100(minimum 23 in each category)
  • Work experience – minimum two years
  • Two professional reference letters
  • Two essays and video interviews
  • Cover letter & resume/cv

 

Application deadline

For classes starting in September 2023, it is strongly recommended that international students apply before February 10, 2023.

 

Extra costs of applying to study for an MBA in Canada

It’s important to remember that as well as the tuition fees, there may be other costs you need to consider. These are:

 

  • Application fees
  • Health insurance: In Ontario, all international students are legally required to have a University Health Insurance Plan (UHIP). 
  • Student visa/permit fee CAD 150
  • Incidental fees – include campus fees and society fees. 
  • Associated program fees

 

Please check with each university as this will be different for each one. 

 

Scholarships in Canada

 

To help finance your MBA in Canada, here are some useful websites to research all the possible scholarships available in Canada:

 

 

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Careers and Salaries

 

When international students think about studying for an MBA in Canada, they must consider numerous factors before deciding. One important factor is the career opportunities and salaries on offer after graduating.

 

An MBA at one of these top universities in the country will provide you with excellent career opportunities. Here are some facts and figures to assure you that investing your time and money is money and time well spent.

 

Employment and salary information for MBA graduates 

MBA employment and salary information Canada

 

Things you need to know before you apply for an MBA in Canada

 

We have some additional resources that can help answer any other questions you have about studying for an MBA in Canada:

 

 

If you do feel that an MBA in Canada is the right path for you to follow, here are other MBA courses and universities in Canada.

 

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