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Best MBA Colleges in Canada 2023: Ranking & Fees

MBA in Canada: Over the past few decades, the Master of Business Administration (MBA) program has emerged as one of the most sought-after educational choices for international students. Canada has firmly established itself as a prime destination for pursuing an MBA, making this dream a reality for many. Canadian universities offer a wide range of full-time and part-time MBA programs, each tailored to various specializations and accompanied by numerous scholarship opportunities. In this article, we will introduce you to some of the top MBA colleges in Canada, highlighting their respective fees and eligibility criteria.

Canada: A Premier Destination for MBA Aspirants: Canada stands out as the ideal destination for pursuing an MBA degree from internationally renowned universities. This choice allows students to acquire the most up-to-date strategies for addressing organizational challenges. As a result, international students are increasingly seeking admission to the leading management universities in Canada to fulfill their MBA aspirations. In this article, we present the Best MBA colleges in Canada for the year 2023, based on the QS Global MBA Rankings Canada 2023.

Top 10 MBA Colleges in Canada 2023

Toronto (Rotman)
Western (Ivey)
McGill (Desautels)
Queen’s (Smith)
York (Schulich)
UBC (Sauder)
Alberta School of Business
Concordia (John Molson)
HEC Montréal
Dalhousie (Rowe)

If you’re seeking the best MBA colleges in Canada with detailed insights into MBA fees, you’re in the right place. This article not only lists the top MBA colleges in Canada for 2023 but also provides comprehensive information on the MBA fees in Canada. To gain admission to these prestigious institutions, prospective students need to meet specific eligibility criteria, including competitive GMAT scores. Let’s delve into the details of these esteemed MBA colleges in Canada, with a particular focus on what they offer to Indian students.

1) Rotman School of Management, University of Toronto

The Rotman School of Management, situated at the University of Toronto, is dedicated to the ambitious goal of ranking among the world’s top ten business schools. This prestigious institution offers both an Executive MBA and a Full-Time MBA program to students.

Course Duration: 20 months
1st-Year Tuition Fees: CAD 67,532
MBA Ranking: 1 (QS Global MBA Rankings)

2) Ivey Business School, Western University

Ivey Business School, renowned for its global excellence, stands as a beacon of top-tier management education. It boasts an extensive alumni network comprising more than 23,000 graduates from 98 countries worldwide. Admission to Ivey’s MBA program requires completion of the Graduate Management Admission Test (GMAT).

Course Duration: 12 months
1st-Year Tuition Fees: CAD 126,600
MBA Ranking: 2 (QS Global MBA Rankings)

3) Desautels Faculty of Management, McGill University

The MBA program offered by McGill University’s Desautels Faculty of Management is renowned as one of the world’s most internationally recognized and dynamic degree programs. DFM’s curriculum is built upon an integrated, interdisciplinary model that seamlessly blends research, practical application, and teaching. Notably, the school has been home to 6 Nobel Prize winners and has produced 127 Rhodes Scholars among its graduates and faculty.

Course Duration: 12 months
1st-Year Tuition Fees: CAD 99,500
MBA Ranking: 3 (QS Global MBA Rankings)

4) Smith School of Business, Queen's University

Smith School of Business, affiliated with Queen’s University, ranks as the second-best MBA school in Canada for international students. The full-time MBA program at Smith welcomes new students in both January and September each year.

Course Duration: 12 months
Total Program Fees: CAD 105,100
MBA Ranking: 4 (QS Global MBA Rankings)

5) Schulich School of Business, York University

Situated in the heart of Canada’s business hub in Toronto, the Schulich School of Business is at the forefront of developing innovative programs for aspiring business leaders. Schulich offers a diverse range of management programs with specializations in finance and marketing. Additionally, the university provides scholarships valued at up to CA$ 85,000.

Course Duration: 12 months
Total Program Fees: CAD 112,250
MBA Ranking: 5 (QS Global MBA Rankings)

6) Sauder School of Business, University of British Columbia (UBC)

The Sauder School of Business, part of the University of British Columbia, stands as one of the world’s premier academic business schools. Committed to nurturing future business leaders, Sauder offers top-tier education to its students. In the 2022 Times Higher Education World University Rankings by subject, Sauder was ranked 35th globally for business and economics.

Course Duration: 16 months
Total Program Fees: CAD 94,559
MBA Ranking: 6 (QS Global MBA Rankings)

7) Alberta School of Business, University of Alberta

The Alberta School of Business, affiliated with the renowned University of Alberta in Canada, is celebrated for its comprehensive range of undergraduate and postgraduate programs. Among its offerings, the school provides core MBA courses along with an internship program designed to enrich students’ experiences.

Course Duration: 20 months
Total Program Fees: CAD 65,000
MBA Ranking: 7 (QS Global MBA Rankings)

8) John Molson School of Business, Concordia University

Concordia University’s John Molson School of Business is recognized as one of Canada’s premier institutions for MBA education. It consistently maintains its position among the top 10 MBA schools in Canada, as per the QS World University Ranking 2023 by subject.

Course Duration: 20 months
Total Program Fees: CAD 47,900
MBA Ranking: 8 (QS Global MBA Rankings)

9) HEC Montréal

Founded in 1907, HEC Montréal holds the distinction of being Canada’s first business school. Located in Montréal, it has gained renown for its pioneering research in finance, economics, and operations research. HEC Montréal’s MBA program excels in providing practical education, equipping students with the skills needed for effective organizational management.

Course Duration: 12 months
Total Program Fees: CAD 59,000
MBA Ranking: 9 (QS Global MBA Rankings)

10) Dalhousie University

Dalhousie University stands as a prominent institution in Canada, renowned for its comprehensive range of undergraduate and postgraduate programs. It entices students with its top-tier MBA program, emphasizing practical knowledge. Dalhousie offers both full-time MBA and Online MBA programs to cater to diverse student needs.

Course Duration: 18 months to 2 years
Total Program Fees: CAD 91,320
MBA Ranking: 10 (QS Global MBA Rankings)

Why Study MBA in Canada?

When considering the best colleges for an MBA in Canada, there are several compelling reasons to choose this vibrant country:

Cost-Effective Education for International Students: Canada is known for offering a cost-effective education compared to other countries, making it an attractive destination for international students pursuing an MBA abroad.
Post-Study Opportunities: Canada provides international students with the chance to remain in the country after completing their degree. This can open doors to valuable work experience and potential immigration opportunities.
Path to Permanent Residency: By following the immigration procedures diligently, students may eventually secure permanent residence in Canada, offering a stable future in a diverse and welcoming country.
High-Quality Education: MBA universities in Canada consistently deliver high-quality education, often backed by strong faculty and cutting-edge research facilities.
Practical and Theoretical Expertise: Studying for an MBA in Canada ensures a well-rounded education that combines both practical and theoretical knowledge, preparing students to excel in real-world business scenarios.

Eligibility Criteria to Study MBA in Canada

Admission requirements for MBA programs at the best colleges in Canada may vary depending on the specific institution and program. Below are the fundamental eligibility criteria commonly expected from students seeking to pursue MBA programs at Canadian universities:

Bachelor’s Degree: Applicants are typically required to hold a Bachelor’s degree from a recognized university. The minimum GPA (Grade Point Average) necessary for admission may vary depending on the university and program.
Relevant Experience: Many MBA programs in Canada value applicants with relevant work experience. The specific work experience requirements can differ based on the program and institution.
GMAT or GRE Scores: Prospective students are generally required to provide a valid score from either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). The minimum score expectations may vary by university and program.
English Language Proficiency: International students, whose primary language is not English, are typically required to demonstrate their English proficiency by submitting scores from recognized English language proficiency tests such as IELTS, TOEFL, PTE, etc. The minimum score requirements for these tests may vary by institution and program.

Popular Part-Time MBA Programs in Top Canadian B-Schools

Not all aspiring MBA students can commit to a full-time program, whether due to time constraints or financial considerations. Fortunately, there are numerous part-time MBA options available to accommodate such candidates. Below, we highlight part-time business programs offered by some of Canada’s leading universities:

Programme Name	Tuition fee	Course duration
University of Alberta – Executive MBA	CAD 83,197	6 years maximum
Rotman School of Management – Morning and Evening MBA	CAD 136,410	32 months
Queen’s University – Accelerated MBA for Business Graduates	CAD 81,920	12 months (1 year)

Affordable MBA Colleges in Canada

For those seeking cost-effective MBA options in Canada, there are several universities offering quality education without breaking the bank. Here are some of the most budget-friendly MBA colleges in Canada:

Memorial University of Newfoundland: The total fee for the MBA program at Memorial University is $36,947.
University of Saskatchewan: The fee for the 2023-24 academic year is $68,190.
University of Ottawa: International students can pursue the Professional MBA program at the University of Ottawa for $68,000.
Concordia University: Concordia University offers an MBA program for international students with fees at $47,900.
Simon Fraser University: The MBA program at Simon Fraser University costs CAD 63,320 for international students.
University of Calgary: International students can opt for the MBA program at the University of Calgary with fees amounting to $25,293.
Vancouver Island University: The MBA program at Vancouver Island University is available to international students at a cost of CAD 51,408.

These universities provide excellent opportunities for pursuing an MBA in Canada without incurring excessive expenses. For personalized guidance on selecting the best MBA colleges in Canada and assistance with the application process, consider registering with Shiksha, where you can benefit from free counseling services, including profile evaluation and visa filing support.

Canadian SIM Card for International Students

Staying connected while studying abroad in Canada is essential, and a Canadian SIM card can help international students do just that. Below, we present a SIM card option along with its pricing plan, which is subject to change without notice:

Our Pricing Plan include,