Top Universities, Fee, Eligibility, Intake, Scholarships
This might be the next step you are looking for. Completing an MBA program is one of the best decisions you can make as it can open doors to a plethora of job opportunities not made available before. An MBA is one of the most sought-after qualifications in Canada, it is offered by 50+ spectacular MBA colleges made available in the country. Canadian MBA program aims to provide the necessary skills needed to tackle real-world business problems faced by many companies today.
MBA courses are more affordable in Canada in comparison to other popular study destinations. Canada also has friendly work policies that help certain students obtain work permits after graduation. Students must ensure, however, that they meet the minimum entry requirements as well as have all the required documents at hand.
This all sounds great, but you might be asking “So, what makes Canada so Special?” Well, it offers quality education, affordable tuition, post-graduate work options, better living standards, scholarships, and more. Pursuing an MBA from Canada can change your life for the better. Still curious? Let me guide you to all you need to know about studying for an MBA in Canada.
Table of contents
- Top Universities, Fee, Eligibility, Intake, Scholarships
- Latest Updates
- Key Highlights
- Why Pursue an MBA in Canada?
- Types of MBA in Canada
- Top 10 MBA Programs in Canada
- Top MBA Institutions in Canada
- Eligibility to Study MBA in Canada
- Student visa requirements to study MBA in Germany
- Post-Graduate Work Permit after MBA in Canada
- How much does it cost to do an MBA in Canada?
- Cost of living in Canada
- MBA Scholarships in Canada
- Career prospects after MBA in Canada
- Salary after MBA in Germany
- Final Take Away
- FAQ
Latest Updates
- Study Permit: Canada has come up with a two-year study permit cap which lowers the number by 35% in 2024.
- Less Foreign Students: Fewer international students can enter the country, with the number expected to reduce by another 10% in 2025, with 437,000 permits as the maximum figure.
- Harder Eligibility for PGWP: From November 1st, 2024, only public college graduates in fields linked to labour shortages will have eligibility for the Post-Graduation Work Permit (PGWP). Students with bachelor’s, doctoral or master’s degrees will still qualify for up to three years, irrespective of the study field, however.
- GIC: International students have to meet the GIC (Guaranteed Investment Certificate) requirements of $20,635 from $10,000 earlier.
- Language Proficiency: Applicants for PGWP must demonstrate minimum English or French language proficiency from 1st November 2024.
Key Highlights
| Feature | Details |
|---|---|
| Total number of MBA Colleges in Canada | 50+ |
| MBA fees in Canada | Average of $30,000 – $40,000 |
| Top 3 MBA programs in Canada | MBA in Marketing, MBA in Finance, as well as MBA in Strategy |
| Exams required | GMAT, GRE, IELTS, TOEFL |
| Top 3 MBA colleges in Canada | Rotman school of management, McGill Desautels Faculty of Management, and Ivey Business School. |
Why Pursue an MBA in Canada?
- Globally Ranked Institutions: Canada offers globally renowned universities, known for their outstanding education. As per QS World University MBA Rankings (2022), ten Canadian universities are ranked in the top 200 global universities for MBA.
- Comparatively affordable study destination: Compared to the UK, USA. as well as Australia, studying an MBA in Canada is relatively cheap.
- High Salary Potential: Canadian business degrees are counted among the top 10 subjects with the highest salaries after graduation.
- High Employment Rate: Canadian international students have a high employment rate after graduation. Research shows that 90% of Canadian alums are employed less than six months after graduation.
- High Standard of Living: With the high salaries students can obtain after graduating with an MBA degree, students can therefore afford a high standard of living. World-class hospitals, parks, as well as shopping centres are some of the perks students can enjoy in Canada.
Types of MBA in Canada
- Full-Time MBA: To understand the diversity of the Canadian work environment as well as become a leader in the job market, a full-time MBA is required. This 1-2 year programme will give you business insights from world-class leaders, it will also allow you to work hand in hand with these global leaders.
- Part-time MBA: Part-time MBAs take longer to complete compared to full-time MBAs. Professionals working part-time should aim for this type of MBA.
- Executive MBA: This is for students who wish to study while working. With this 22-month programme, you can gain theoretical as well as hands-on corporate experience.
International students can also pursue joint MBA degrees, for example, a combination of pharmacy, law and engineering with global affairs. In addition, they can also pursue dual degrees, for example, an MBA, joint degree or (MBA/MFA/MA) in Canada.
Top 10 MBA Programs in Canada
- MBA in Marketing
- MBA in Finance
- MBA in Strategy
- MBA in Accounting
- MBA in International Business
- MBA in Global Management
- MBA in Healthcare Management
- MBA in Leadership
- MBA in Operations and Supply Chain Management
- MBA in Sustainability and Society
Top MBA Institutions in Canada
| MBA Colleges in Canada | QS Global MBA Ranking 2025 |
|---|---|
| Rotman school of management | 39 |
| McGill Desautels Faculty of Management | 66 |
| Ivey Business School | 49 |
| Smith School of Business at Queen’s University | 94 |
| UBC Sauder School of Business | 101-110 |
| Schulich School of Business | 101-110 |
| Alberta School of Business (BUS) | 101-110 |
| John Molson School of Business | 141-150 |
| HEC Montréal | 151-200 |
| DeGroote School of Business | 151-200 |
Eligibility to Study MBA in Canada
- Bachelor’s degree: A bachelor’s degree in any discipline from a recognised institution. Most institutions prefer a 4-year degree but some accept a 3-year one.
- Relevant experience: 3-5 years of relevant work experience is preferred but most institutions will accept students with at least 12 months of relevant experience.
- Language proficiency: Proficiency in the English language is required. To prove this, you will need IELTS, TOEFL, as well as PTE test scores. After that, you will go through a personal interview conducted by your chosen university. Please note some universities conduct interviews, but not all.
- Standard Test Scores: Most universities require GMAT (500- 700 out of 800) or GRE test scores for admission.
- Resume: Applicants have to submit an updated resume or CV.
- Letters of recommendation: You will be required to submit 1-2 letters of recommendation from an employer or academic supervisor.
- Statement of Purpose: To provide evidence that you are a strong candidate, you will need to write a personal statement or motivation explaining why you chose your selected programme as well as your plans for the future.
Documents needed to study MBA in Canada
- Resume/CV
- IELTS/TOEFL test scores
- GMAT or GRE test scores
- Canadian student visa
- Passport
- Letters of recommendation (1-2)
- Statement of Purpose
- Academic Certificates
Student visa requirements to study MBA in Germany
International students must have a Canadian student visa to be admitted to a Canadian institution. This costs CAD 150 and is issued upon arrival. These are the requirements needed for a Canadian student visa:
- Acceptance into a DLI: To get a student visa in Canada, you need an acceptance letter from a designated learning institution (DLI). A DLI is a school approved by a provincial or territorial government to host international students.
- Financial Proof: Proof must be provided that you can afford MBA tuition fees, living costs, as well as accommodation.
- Pass a medical test: Medically fit evidence will be required.
- Clear criminal record: Must have not done any criminal activity in the past.
- Language Proficiency: Provide language proficiency of course language through standard test scores like DSH, TestDaF, or TOEFL.
- Passport: A valid passport will be required.
- Two biometric portrait photographs: Must have passport-sized, portrait photographs for your student visa.
Documents Required for Visa Application
- Proof of acceptance by a DLI
- Valid passport
- Passport-size photographs
- Proof of funds
- Immigration medical examination document
- English language proficiency score sheet
- Provincial attestation letter
Post-Graduate Work Permit after MBA in Canada
- To obtain a PGWP (Post-Graduation Work Permit) while studying in Canada depends mainly on the chosen course and its duration.
- The maximum length of the PGWP in Canada is 3 years.
- A postgraduate work permit cannot be issued for more than the duration of the program.
- The duration of your MBA course should be at least eight months for you to get a PGWP permit in Canada.
- All international students must demonstrate minimum English or French language proficiency.
Documents needed for Post Study Work Visa
- Valid Passport
- Proof of Graduation
- Proof of Language Proficiency.
Please note that your choice of employment must be relevant to your academic program. Additionally, your employment must not make up more than 50& of the total study program.
How much does it cost to do an MBA in Canada?
| Study Programme | Average Tuition Fees (Per Annum) | Action |
| MBA Program | $30,000 – $40,000 | Apply Now! |
Cost of living in Canada
The cost of living in Canada averages CAD 10000 – CAD 12000 per annum.
- Accommodation: CAD 600 and CAD 700 per month
- Health Insurance: CAD 500 per annum
- Textbooks and supplies: CAD 250 and CAD 350
- Food & Groceries: CAD 300-500 per month
- Transportation: CAD 76-197 per month
- Entertainment: CAD 57-143 per month
- Cellphone Plan: CAD 143 per month
- Utilities: CAD 215-286 per month
MBA Scholarships in Canada
| Scholarship Name | Funding | Action |
| Canadian Commonwealth Scholarship | Partial Funding | Apply |
| Ontario Graduate Scholarship Program | Partial Funding | Apply |
| McGill Full-Time MBA Quebec Resident Waiver Program | Partial Funding | Apply |
| University of Calgary International Entrance Scholarship | Full Funding | Apply |
| Academic Excellence Fund | Partial/Full Funding | Apply |
Career prospects after MBA in Canada
- Finance and Consulting: Financial services firms as well as consulting companies make up the majority of recruiters of MBA students in Canada. This is why many international students in Canada prefer to pursue an MBA in Finance.
- Small and medium-sized enterprises (SMEs): These are the biggest hiring sector for business school graduates in Canada. Theres enterprises do prefer graduates who undergo specified training in management as well as students who are willing to explore further learning in addition to exposure opportunities.
- Technology: The technology sector is thriving in Canada. Technology-based firms offer exciting career choices to MBA graduates who are looking to become leaders in their chosen fields.
Salary after MBA in Germany
- Financial Analyst: $72,972 per year
- Marketing Manager: $74,209 per year
- Operations Manager: $81,040 per year
- HR Manager: $84,873 per year
- Project Manager: $90,982 per year
- Management Consultant: $188,051 per year
Final Take Away
Pursuing an MBA in Canada is an excellent choice because you can get a quality education at an affordable price. In Canada, you get to experience a high standard of living and have plenty of job opportunities once you graduate as well as a high salary potential, while working with global leaders. You will work with the best of the best in your chosen field to become a leader yourself.
As an aspiring MBA graduate, ensure you meet the minimum requirements for an MBA program in Canada as well as have all the required documents needed for your student visa and Post-Graduate Work Permit. In conclusion, studying for an MBA in Canada is an excellent choice that future MBA students must consider.
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FAQ
Yes, obtaining an MBA in Canada is certainly worth it as you will get plenty of job opportunities once you graduate as well as have a high earning potential.
This depends if you are studying full-time or not. For a full-time MBA degree, this will take 1-2 years, a part-time degree will take longer, but an executive MBA will typically take 22 months.
Some studies rate an MBA in Marketing as the best in Canada.
Students who have at least a bachelor’s degree, and are proficient in English are eligible for an MBA in Canada.
Yes, MBA degrees in Canada have high earning potential as well as plenty of job opportunities.
Yes, MBA students can work while studying in Canada. Remember to choose the appropriate MBA type if you which to work while studying.
Yes, MBAs are affordable in Canada. In addition, there are plenty of scholarships to help lessen the financial burden significantly.
There is no age limit to pursue an MBA in Canada, however, make sure you meet the minimum entry requirements.
York University’s Schulich School of Business has been ranked number one for years in Canada.
Yes, full-time MBAs in Canada last 1-2 years.
