Top 9 MBA Universities in Canada for MBA 2023 - Croyez
 In Canda Study Visa

You are not alone if you want to get a student visa for Canada to start an MBA program. Thousands of applicants from other countries compete for this each year. Professionals in Canada who receive an MBA do earn, on average, 80,000 CAD a year. 

Several factors have contributed to the country becoming the most popular study-abroad location. One of them is that it appears to be a simple process to become a permanent resident of Canada

Why Choose Canada for your MBA?

  • Global Exposure: Did you know? Elon Musk, Margaret Atwood, and many more well-known individuals have studied in Canada! Thanks to some of Canada’s top MBA schools, you can display your expertise on a global platform.
  • Top Universities: Canada is home to roughly 45 MBA-granting institutions. 
  • Part-Time Work Opportunities: You will have various part-time career opportunities in Canada while pursuing your MBA and learning new things. You can better control your finances and network by doing this.
  • Post-Study Work Opportunity: You are qualified to apply for a post-study work visa after finishing your degree at one of Canada’s top MBA Universities. It is a fantastic chance for students who want to work overseas after graduation.
  • Entrepreneurial Development: You will undoubtedly build business abilities because of an MBA studies business. But taking an MBA in Canada also helps you develop an entrepreneurial mindset because you’ll be working on actual projects. 

List of the Top 9 Universities in Canada for MBA

Name of the University  QS Ranking
Schulich School 45
University of Canada West 81
University of Alberta 119
University of British Columbia 51
University of Toronto 25
McGill University 35
University of Windsor 601
University of Victoria 370
University of Manitoba 650

1. Schulich-School

Schulich-SchoolIt is Queen’s University’s business school. The Economist, Forbes, and CNN Expansion have recognized this university, which has a 45th place overall ranking, as Canada’s top school for its MBA program. 

Annual Intake

  • January and September for full-time MBA program

Admission Requirements: 

  • Must have completed the undergraduate degree with a minimum average grade of B
  • And must have an additional year of work experience beyond the required minimum

Cost of an MBA at Schulich

For domestic students, the program fee is $17,973 per term

For international students, the program fee is $26,722 per term

The MBA program takes four terms to complete. They offer an accelerated MBA program that takes two terms to complete.

There is an MBA program in India that will reduce your living costs. Below is a list of the costs associated with studying this program in Toronto:

Estimated Cost of Living in Toronto Cost (Approx.)
Food $1,600 (INR 91,200)
On-campus accommodation $3,500 (INR 1,99,500)
Books and course materials $800 (INR 54,600)
Local public transportation $400 ( INR 22,800)
Entertainment/ personal items $1,000( INR 57,000)
Total Estimated Cost $7,300 (INR 4,16,110)

Scholarships Offered  at Schulich

The following scholarships are offered:

Name of Scholarship Amount in CADA (approx.) 
Robert Krembil Scholarship of Merit: Health Industry Management Program (HIMP) 40,000
Robert Krembil Scholarship of Merit: Master of Management (MMGT) 27,000
RioCan Scholarship 25,000
Seymour Schulich MBA Entrance Scholarship 27,104
Tanna H. Schulich MBA Entrance Scholarship 27,104
Heather L. Main Scholarship (Women in Capital Markets) 25,000
Scotiabank Scholarship in International Business 20,000
Resource Capital Funds Scholarship 15,000
EMBA Nonprofit Scholarship 10,000

2. University of Canada West

University of Canada WestThis MBA program institution is renowned for having a high QS ranking. This university has a substantial foreign student population, with applications coming from over 45 different countries.

Annual Intakes

  • October (Fall)
  • January (Winter)
  • April (Spring) 
  • July (Summer) 

Courses offered at the University of Canada West

  • MBA (Master of Business Administration)
  • Bachelor of Commerce
  • Associate of Arts
  • B.A. Business Communication
  • Preparatory Courses- MBA Foundation

Admission Requirements: 

  • GPA of 3.0 on a 4.33 scale 
  • GRE or GMAT scores 
  • A professional qualification is needed like CA, CGA, CMA 
  • A bachelor’s degree in commerce
  • Three years of relevant work experience
  • A high score on English language proficiency tests
  • A letter of intent
  • Valid medical insurance

Cost

Cost of Application: 150 CAD

Cost of main MBA program: $17,550 p.a.

Scholarships offered at the University of Canada West

The following scholarships do not need a separate application:

  • Pathway to Knowledge Bursary
  • Second Language Excellence Scholarship
  • Scholarships for Academic Excellence
  • Americas Tuition
  • Commonwealth of Independent States (CIS) Regional Grant
  • European Grant
  • Middle East Regional Grant
  • Southeast Asia (SEA) Regional Grant
  • Special Targeted Regional Award Program

The following scholarships are also offered:

  • MBA (Master of Business Administration) Excellence Scholarships for Continuing Students
  • Scholarships for Academic Excellence
  • Second Language Excellence Scholarships
  • Southeast Asia Regional Grant
  • Special Targeted Regional Award Program

3. University of Alberta

University of AlbertaA little over 50% of people accept them, which is a reasonable acceptance rate. Specific courses have admission requirements that are more stringent than others.

Annual Intake

  • Admissions take place primarily in the Fall. 15th April is the deadline for applications.

Courses offered at the University of Alberta

The following courses are offered:

  • Core MBA courses that extend over 20 months that include an internship
  • Finance to Marketing
  • International Business to Natural Resource Management
  • International Business
  • Innovation and Entrepreneurship
  • Public Policy and Management
  • Natural Resources, Energy, and the Environment
  • Sustainability
  • Career Management Skills

Admission Requirements:

  • 4-year of a bachelor’s degree or its equivalent from a recognized university
  • Minimum of 3. O GPA on a scale of 4
  • The GMAT or GRE scores of 550 or 300+ respectively 
  • 60 credits of undergraduate study
  • English proficiency test scores 
  • Two years of work experience after graduation  
  • Volunteer and education experiences 

Cost of study at the University of Alberta

International Student Fees: $ 21,211 p.a, $43.322 for the entire 20-month program.

Year 1 Year 2
Tuition Fees $21211 (INR 12,09,027) $21211 (INR 1209027)
Health Insurance $450 (INR 25,650) $450 (INR 25,659)
Total Fees $21661 (INR 12,34,677) $21661 (INR 12,34,677)

Scholarships Offered at the University of Alberta

For those who need financial assistance, several scholarships are available. Some of them are:

  • Bernard Greer Aylen Scholarship
  • Canadian Association of Petroleum Producers Graduate Scholarship in Business
  • Doreen M Lougheed MBA Scholarship
  • Milt Pahl MBA Scholarship
  • Neil Manning MBA Scholarship in Family Enterprise

4. University of British Columbia

University of AlbertaDue to its graduates’ impressively vital track records, this university has a highly competitive environment.

Annual Intake

  • Summer
  • Winter 
  • Fall

Courses Offered at the University of British Columbia

The different graduate programs offered here are:

  • Master of Science
  • Master of Engineering
  • Master of Business Administration
  • Master of Business Analytics

Admission requirements: 

  • The GMAT or GRE scores of 550 and 310, respectively
  • IELTS score of 7.0
  • TOEFL score of 100
  • PTE score of 70

Cost

International Student Fees: $15,792 p.a.

Scholarships Offered  at the University of British Columbia

  • Madhu VARSHNEY MBA Entrance Scholarship
  • Earl R. PETERSON Memorial Scholarship in Civil Engineering
  • Iva Maria LESTER Memorial Graduate Scholarship in Accounting
  • HOEGG Family MBA Scholarship
  • Malcolm LOWRY Scholarship

5. University of Toronto

University of TorontoThis institution offers a two-year, full-time MBA degree. According to The Financial Times, it is among the top 22 programs in North America. Its MBA ranking across the world is 40. More than 90 electives allow students to customize their MBA programs. 

Annual Intake

  • Fall 
  • Winter 

Courses offered at the University of Toronto

As part of their MBA program, they also offer a number of other fields of specialization so students are able to customize their experience. These would be:

  • Brand Management
  • Business Design
  • Consulting
  • Funds Management
  • General MBA
  • Financial Reporting and Analysis
  • Global Management, etc

Admission Requirements:

  • A 4-year bachelor’s degree or  a master’s degree with a first-class grade in a field related to commerce
  • A good score on language proficiency tests
  • A good letter of recommendation
  • A well-written statement of purpose
  • Proof of funds

Cost of Study at the University of Toronto

Year 1 Year 2
Tuition Fees $47494 (INR 27,07,158) $48918 (INR 27,88,326)
Health Insurance $477 ( INR 27,189) $477 (INR 27,189)
Total Fees $47971 (INR 27,34,347) $49395 (INR 28,15,515)

Scholarships Offered at the University of Toronto

The following scholarships are offered:

Name of Scholarship Amount
University of Toronto Scholars Program 7,500 CAD
Karta Scholars Program Variable
U of T Engineering International Scholar Award Variable, maximum of 20,000 CAD (renewable for 3 years)
University of Toronto International Scholars Award 80,000 CAD- 1,80,000 CAD (over four years)
President’s Scholars of Excellence Program Entrance amount: 10,000 CAD

ALSO READ: PTE Vs IELTS: Difference Between IELTS And PTE

6. McGill University

McGill UniversityThis institution is regarded as one of Canada’s top three universities. Interestingly, this Canadian university promises all of its graduates employment. For graduates, the average pay for an MBA is $87,661.

Annual Intake

  • Fall 

Courses offered at McGill University

The following are the graduate programs offered:

Name of Program Application Deadline Eligibility Criteria
Master of Science (M.Sc)- Computer Science January 15/August 1 GPA: 3.0 or above

IELTS: 7.0; TOEFL: 92; GRE: 300

Master of Engineering (M.Eng)- Mechanical Engineering* March 1 GPA: 3.2

IELTS: 6.5; TOEFL: 86; GRE: 300

Master of Engineering (M.Eng)- Aerospace Engineering January 15/September 1 GPA: 3.0

IELTS: 6.5; TOEFL: 86; GRE: 300

M.Eng Civil Engineering/ Chemical Engineering January 15/August 1 GPA: 3.2

IELTS: 6.5; TOEFL: 86; GRE: 300

M.A Economics January 15 GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Master of Management (M.MGMT)- Finance November 15/January 15 GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Master of Management (M.MGMT)- Analytics October 31/December 15 GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Master of Business Administration (M.B.A) November 15/January 15 GPA: 3.2

IELTS: 6.5; TOEFL: 86; GMAT: 660

Admission Requirements:

  • GPA: 3.2 or above
  • IELTS score of 6.5
  • TOEFL score of 86
  • GMAT score of 660
  • 3 personal essays
  • 2 letters of recommendation
  • Work Experience of at least 5 years

Cost of study at McGill University

The tuition for an MBA is $99,500. The other costs are:

Type of Cost Amount
Incidental fees $2,000 (INR 1,14,000)
Health and Dental Insurance: Canadian and Permanent Residents $502 (INR 28,614)
Health and Dental Insurance: International $1,400 (INR 79,800)
Books and supplies $2,000 (INR 1,14,000)
Accommodations (rent and food) $13,800 (INR 7,86,600)
Public transportation $1,020 (INR 58,140)
Personal Expenses (coat, boots, etc.) $1,500 (INR 85,500)
Expenses (Estimated) Canadian and Permanent Resident $20,822 (INR 11,86,854)
Expenses (Estimated) International $21,720 (INR 12,38,154)

Scholarships Offered at McGill University

The  following are a few scholarships offered:

  • Adam Dinkes MBA Leadership Award
  • Duerksen MBA Leadership Award
  • Dominic K.M. Lai MBA Fellowship
  • Mandri-Muggenburg Family MBA Leadership Award
  • Scotiabank Fellowships
  • Rio Tinto – Richard Evans Graduate Fellowships
  • Ip Kim Hung MBA Leadership Award
  • Cesvet Family MBA Fellowship

International students can apply for a variety of internal and external scholarships.

7. University of Windsor

65 graduate and doctoral degrees and 190 undergraduate degrees are available from this public research institution. They accept students from more than a hundred different nations. International students make up 35% of the student body there. Its QS ranking ranges from 751 to 800.

Annual Intake

  • Fall

Courses Offered

Their MBA program is 14 months long. The following are the specializations offered by this program:

  • Accountancy
  • Entrepreneurship
  • Finance
  • General Management

Admission Requirements:

  • Undergraduate degree with a minimum of a B grade based on the last two years of the degree
  • Minimum GMAT score of 600
  • High IELTS or TOEFL scores
  • A good letter of recommendation 

We can help you create a flawless application with a well-written personal essay, contact us now!

Cost of study at the University of Windsor

Year 1 Year 2
Tuition Fees $20700 (INR 11,79,900) $20700 (INR 11,79,900)
Others $546 (INR 31,122) $546 (INR 31,122)
Total Fees $21246 (INR 12,11,022) $21246 (INR 12,11,022)

Scholarships Offered at the University of Windsor

There are several scholarships available to help students with the costs of studying here:

  • University of Windsor Open Entrance Scholarship
  • Transfer Student Scholarships

8. University of Victoria

University of VictoriaIn Maclean’s ranking of the top Canadian Comprehensive Universities for 2019, the University of Victoria comes in second. They provide many facilities to make every student’s experience as seamless as possible.

They provide a system for financial assistance that automatically evaluates every applicant and provides aid by that assessment. Three modules make up the rigorous MBA program.

Annual Intake

  • September 
  • January  

Courses offered at the University of Victoria

They offer a master’s degree in business administration that takes two years to complete. This is a full-time course. The program offers a co-op option. Here are some additional courses offered in this program:

  • Accounting and Financial Responsibility
  • Applied Data and Decision Analysis
  • Global Sustainable Business
  • Technology and the Interconnected Organization
  • Social Entrepreneurship

Admission Requirements:

  • Minimum B grade in the final two years of their degree
  • 4-year bachelor’s degree from an accredited university or its equivalent
  • Six years of full-time work experience

Cost

Year 1 Year 2
Tuition Fees $13937 (INR 7,94,409) $13937 (INR 7,94,409)
MBA Program Fees $3266 (INR 1,86,162) $3266 (IINR 1,86,162)
Total Fees $17203 (INR 9,80,571) $17203 (INR 9,80,571)

Scholarships Offered at the University of Victoria

The following scholarships are offered:

  • Ritchie Foundation MBA Entrance Scholarship
  • MBA Highest Foundation GPA Award
  • MBA Pay-it-Forward Award
  • Jane Zhu MBA Cross-Cultural Integration Award
  • James A. Mossey Award
  • MBA Leadership / Citizenship Award
  • MBA Outstanding Final Project Award
  • Bill Buckwold/Jennifer Richardson Award
  • Margaret Lowe Memorial Scholarship
  • The Sam and June Macey Graduate Student Award
  • Martlet Chapter IODE Scholarship in Business

9. University of Manitoba

University of ManitobaThe University of Manitoba’s I.H. Asper School of Business provides a two-year MBA program. You can also work with an MBA career advisor to determine the direction you want to take your life once you graduate. 

Annual Intake

  • Fall 
  • Winter

Courses offered at the University of Manitoba

You can choose to complete their MBA curriculum in two ways:

  • For two years, you can pursue a full-time MBA there
  • Alternatively, you can enroll in a part-time program and complete it within three years.

Admission Requirements: 

  • 4-year bachelor’s degree from an accredited university 
  • Degree in computer science applied physical science and mathematics
  • TOEFL and IELTS results 
  • GMAT and GRE scores

Costs

Year1 Year2
Tuition Fees $18079 (INR 10,30,503) $18079 (INR 10,30,503)
Books And Supplies $1312 (INR 74,784) $1312 (INR 74,784)
Total Fees $19391 (INR 11,05,287) $19391 (INR 11,05,287)

Scholarships Offered at the University of Manitoba

International students may receive the International Graduate Student Entrance Scholarship if they qualify for it.

Steps for Applying for a Student Visa for Canada

Step 1: Ensure that all documents are in order.

Step 2: Read all instructions carefully before applying.

Step 3: Create an online application.

Make sure you have all the documents and scanned copies that you can upload:

  • Valid Passport
  • Attested academic degrees and certificates
  • Two Academic references
  • Two Employer references 
  • Statement of Purpose
  • Certificates of extracurricular activities
  • An acceptance letter 
  • Proof of fees paid
  • Proof of funds
  • English Proficiency Test results

Conclusion

The universities on the list mentioned above offer some of Canada’s top MBA programs. Studying in Canada is a cost-effective option. Keep in mind that obtaining your MBA is only the first step toward a permanent resident in Canada. Besides, it is simpler to obtain citizenship and permanent residency in Canada than in other Western nations.

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