MBA in Canada is the most demanding course of study for two years. There are approximately 47 MBA colleges in Canada offering effective programs in finance, human resources, marketing, branding etc. The top MBA colleges in Canada aim to develop the career of the aspirants by providing them with wide career opportunities. To enroll in the top universities, candidates are required to submit IELTS or TOEFL scores that meet the minimum requirements. Candidates must meet the admission requirement to apply for the best MBA programs in Canada. The tuition fees of the best MBA universities in Canada vary from 21,457 - 1,40,385 CAD (INR 12,87,851 - 84,26,535). Candidates pursuing MBA courses in Canada get hired by top companies like EY, Facebook, HSBC and many more. The average annual salary of MBA graduates in Canada is 86,000 CAD (INR 51,52,190).
Why Study MBA in Canada
There are various reasons for studying MBA programs in Canada. The major reasons for pursuing MBA programs from top business schools in Canada are as follows:
- Canada is the home of top universities for MBA that ranks among the top 250 business schools across the globe.
- Canadian recruiting agencies offer outstanding job opportunities with an exceptionally high salary.
- There are various universities that offer the cheapest MBA in Canada for international students. The tuition fees of MBA colleges in Canada for Indian students are comparatively less than in other countries.
- Canada holds top recruiting companies that serve to develop the career of MBA graduates.
MBA in Canada Areas of Specialization
There are various specializations for MBA programs in Top B schools in Canada. The table below highlights the top MBA specialization with the best MBA colleges in Canada:
| Specialization | MBA Universities in Canada |
|---|---|
| MBA in Finance in Canada | McGill University | Carleton University | University of Alberta | Dalhousie University |
| MBA in Human Resource in Canada | University of Toronto| Brock University | University of Ottawa |
| MBA in Business Analytics in Canada | McGill University | McMaster University | Carleton University | University of Alberta |
| MBA in Marketing in Canada | Brock University | Queen’s University | McGill University |
| MBA in International Business in Canada | University of Alberta | York University |
Top Universities in Canada for MBA
Numerous universities in Canada offer MBA courses for international students. The best universities in Canada for MBA give students effective learning programs and immense job opportunities. Here given below the list of top 10 MBA colleges in Canada along with their tuition fees:
| Name of University | Annual Tuition Fees |
|---|---|
| McGill University | 99,500 CAD (INR 59,71,996) |
| Carleton University | 60,000 CAD (INR 36,01,204) |
| University of Alberta | 30,578 CAD (INR 18,35,293) |
| Dalhousie University | 27,108 CAD (INR 16,27,024) |
| University of Toronto | 67,532 CAD (INR 40,53,275): 1st academic year 70,909 CAD (INR 42,56,458): 2nd academic year |
| Brock University | 35,886 CAD (INR 21,54,131) |
| University of Ottawa | 68,000 CAD (INR 40,81,840) |
| McMaster University | 21,457 CAD (INR 12,87,851) |
| Queen’s University | 55,332 CAD (INR 33,21,032) |
| York University | 1,40,385 CAD (INR 84,26,535) |
Note: 1 CAD = 60.04 INR (as dated 27/04/2023)
MBA in Canada Admission Process
Candidates must follow the admission process to apply to the best business schools in Canada. Here is a step to step guide regarding the admission process for Masters in Business Administration in Canada:
- Select the university to apply for admission to MBA colleges in Canada
- Visit the official website of the universities to check the admission requirements.
- Fill in the application form.
- Submit the required documents as instructed on the website.
- Pay the application fees.
- Wait for the admission offer letter and pay tuition fees.
- Apply for a student visa and plan for a trip to Canada.
MBA in Canada Admission Deadline
Candidates must check the admission deadline to apply for MBA courses in Canada. The admission deadlines of the best business schools in Canada are as follows:
| Name of University | Application Deadline |
|---|---|
| McGill University | Closed |
| Carleton University | Closed |
| University of Alberta | Closed |
| Dalhousie University | December 1, 2023 |
| University of Toronto | Closed |
| Brock University | August 1, 2023 |
| University of Ottawa | Closed |
| McMaster University | Closed |
| Queen’s University | September 1, 2023 |
| York University | June 14, 2023 |
MBA in Canada Eligibility Criteria
Candidates must check the MBA in Canada requirements for applying in the top universities. The eligibility criteria for the top business schools in Canada are as follows:
- Bachelor’s degree in any stream with a minimum GPA of 3.3 (88% in aggregate).
- Working experience of a minimum of five years.
- Minimum GMAT score of 550 is required.
- IELTS score of a minimum of 6.5 is required.
- TOEFL score of minimum of 100 is required.
MBA in Canada Admission Requirements
There are possibilities for candidates to apply for an MBA in Canada without GMAT. Candidates can also MBA in Canada without Work Experience. For this, aspirants must meet the English language proficiency test score requirements to apply for MBA in the top universities. Here given below a table to highlight the English language proficiency test score requirement for Canadian universities:
| English Language Proficiency Test | Minimum Scores |
|---|---|
| IELTS | 6.5-7.0 |
| TOEFL iBT | 100 |
MBA in Canada Admission Document Requirement
There are certain documents required for MBA in Canada for international students. International students should submit and verify the following documents for enrolling in universities offering MBA in Canada:
- Bachelor degree mark sheets and certificates.
- Academic transcripts of previously attended institutions.
- IELTS and TOEFL scorecard.
- GMAT or GRE scorecard.
- Certificates of work experience.
- Updated Resume.
- 2 Letters of Recommendation (LOR).
- Three Academic References.
MBA in Canada Cost
Candidates must be aware of the cost of living for pursuing the best MBA in Canada. The living cost of MBA in Canada is tabulated below:
| Expense Type | Average Cost |
|---|---|
| Accommodation | 1,037 CAD (INR 62,245) |
| Food | 290 CAD (INR 17,402) |
| Transport | 107 CAD (INR 6,421) |
| Internet | 80 CAD (INR 4,800) |
| Books and Supplies | 163 CAD (INR 9,781) |
| Miscellaneous | 310 CAD (INR 18,602) |
Note: 1 CAD = 60.04 INR (as dated 27/04/2023)
MBA in Canada Scholarships
There are various scholarships available for MBA in Canada for Indian students. The table given below highlights the popular scholarships and their benefits to the candidates:
| Scholarships Name | Eligibility | Amount Granted |
|---|---|---|
| Ontario Graduate Scholarships | All international students pursuing full-time graduate courses in Ontario with 60% marks. | 15,000 CAD (INR 9,00,497) per year |
| AIMCo Scholarship | Finance specialization candidates enrolled in full-time one or two-year MBA programs at Alberta School of Business and at Haskayne School of Business. | 10,000 CAD (INR 6,00,331) per year |
| 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 | Must have Satisfactory academic achievement | Leadership potential | Community activities involvement | 10,000 CAD (INR 6,00,331) |
| Concordia Merit Scholarship | Must have strong academic records. | 10,000 CAD (INR 6,00,331) |
| Schulich School of Business Scholarships | Offered to full-time candidates at Schulich based on their academic performance and merits. | 20,000 - 33,000 CAD (INR 12,00,817 - 19,81,349) |
Note: 1 CAD = 60.04 INR (as dated 27/04/2023)
Jobs after MBA in Canada
Candidates pursuing the best MBA programs in Canada attain a wide range of job profiles with high salary packages. The table below highlights the various job profiles and average salary of MBA graduates in Canada:
| Job Title | Average Salary |
|---|---|
| Project Manager, (Unspecified Type / General) | 85,885 CAD (INR 51,56,583) |
| Chief Executive Officer (CEO) | 153,781 CAD (INR 92,33,097) |
| Management Consultant | 88,168 CAD (INR 52,93,216) |
| Chief Financial Officer (CFO) | 154,766 CAD (INR 92,91,448) |
| Marketing Manager | 76,087 CAD (INR 45,67,918) |
| Human Resources (HR) Manager | 76,088 CAD (INR 45,67,738) |
| Director of Operations | 114,874 CAD (INR 68,96,150) |
Note: 1 CAD = 60.04 INR (as dated 27/04/2023)
Top Recruiters for MBA in Canada
The top recruiters for MBA in Canada are listed below:
- Ernst & Young LLP-Canada
- HSBC
- Bank of Canada
- TELUS
- Jonas Software
- Atlantis IT group
- ComCap LLC
- Bain & Company
- Citi
- KPMG-Canada
- Amazon
- Disney
- Accenture
MBA in Canada Work Permit
International students need a work permit to work in business and finance based- government and private agencies in Canada. Aspirants can apply for Post Graduation Work Permit after finishing their course. This visa allows candidates to attain part-time or full-time jobs in Canada. Candidates will be able to gain work experience that will allow them to obtain permanent residency in Canada. PGWP permits Canadian work experience in Training, Education, Experience and Responsibilities (TEER) categories 0, 1, 2 or 3.
MBA in Canada Return on Investment (ROI) for Top Colleges
The ROI of the top universities offering MBA in Canada is tabulated below:
| Name of University | Annual Tuition Fees | Cost of Living | Total Expense | Annual Salary | ROI |
|---|---|---|---|---|---|
| McGill University | 99,500 CAD (INR 59,71,996) | 1,937 CAD |
1,01,437 CAD (INR 60,93,520) | 86,000 CAD (INR 51,52,190) |
84% |
| Carleton University | 60,000 CAD (INR 36,01,204) | 61,937 CAD (INR 37,20,677) | 138% | ||
| University of Alberta | 30,578 CAD (INR 18,35,293) | 32,515 CAD (INR 19,53,240) | 264% | ||
| Dalhousie University | 27,108 CAD (INR 16,27,024) | 29,045 CAD (INR 17,44,790) | 296% |
Note: 1 CAD = 60.04 INR (as dated 27/04/2023)
Candidates planning to attain the best MBA programs in Canada is indeed the best decision. The top business schools in Canada offer effective learning programs for MBA and have a great role in developing the career of the candidates. Candidates must meet the minimum eligibility criteria to get admission to the MBA programs in Canadian top universities. There are also numerous scholarships to assist candidates to attain their preferred MBA courses in Canada.
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