MBA in Canada - Everything You Want To Know

MBA in Canada is available in 47 universities and colleges. MBA is the most pursued degree program in Canada by Indian students, witnessing an application upsurge of almost 50% in the last 2 years. The admission deadline for Masters of Business Administration in Canada is between March 1 and March 30. To apply for MBA in Canada admissions, students need a GMAT score between 550-750, a minimum of 2 years of work experience, and 6.5-7 bands in IELTS.

• The average cost for MBA in Canada is 40 lakhs for Indian students. Tier-1 colleges cost 50-70 lakhs & Tier-2 colleges cost 35 lakhs.
• MBA graduates from Canada earn average salary package of up to 68.94 lakhs for MBA. Explore! Jobs in Canada after MBA
• Top recruiters for MBA graduates in Canada are Bank of Canada, Ernst & Young LLP (Canada), Facebook, HSBC, and Google.

MBA Colleges in Canada

List of top MBA universities in Canada includes 8 colleges that rank under top 150 in QS MBA rankings, 2023. Some of the most popular and top MBA colleges in Canada along with course details are tabulated below:

MBA Colleges in Canada	Program	Fees for Indian Students	Brochure
Brock University	Full-Time MBA	INR 40,97,574	Click Here
Cape Breton University	Full-Time MBA	INR 24,83,022	Click Here
Carleton University	Full-Time MBA	INR 36,18,600	Click Here
Concordia University	Full-Time MBA	INR 16,34,606	Click Here
Dalhousie University	Full-Time MBA	INR 11,90,030	Click Here
Laval University	Full- Time MBA	INR 10,87,372	Click Here
McGill University	MBA in Business Analytics	INR 59,44,130	Click Here
McMaster University	Full- Time MBA	INR 21,82,939	Click Here
Queen’s University	Full-Time MBA	INR 60,99,454	Click Here
Saint Mary’s University	Full-Time MBA	INR 27,24,719	Click Here
Simon Fraser University	Full-Time MBA	INR 36,73,519	Click Here
Thompson Rivers University	Full- Time MBA	INR 9,15,292	Click Here
Toronto Metropolitan University	Full- Time MBA	INR 30,68,669	Click Here
University of Alberta	Full- Time MBA	INR 16,89,507	Click Here
University of British Columbia	Full-Time MBA	INR 53,79,945	Click Here
University of Calgary	Full- Time MBA	INR 15,33,413	Click Here
University of Manitoba	Full- Time MBA	INR 29,28,207	Click Here
University of Montreal	Full-Time MBA	INR 17,94,780	Click Here
University of New Brunswick	Full- Time MBA	INR 8,50,635	Click Here
University of Prince Edward Island	Full- Time MBA	INR 19,14,205	Click Here
University of Regina	Full- Time MBA	INR 22,65,874	Click Here
University of Saskatchewan	Full-Time MBA	INR 36,74,627	Click Here
University of Toronto	Full-Time MBA	INR 39,55,385	Click Here
University of Victoria	Full-Time MBA	INR 27,40,913	Click Here
University of Windsor	Full- Time MBA	INR 20,03,994	Click Here
Vancouver Island University	Full- Time MBA	INR 29,70,835	Click Here
Western University	Full-Time MBA	INR 59,70,296	Click Here
Wilfrid Laurier University	Full- Time MBA	INR 30,15,826	Click Here
York University	Full-Time MBA	INR 16,76,125	Click Here

Planning to study in Canada? Here is the step-by-step Guide to study in Canada

MBA in Canada Top Specializations

MBA programs in Canada are offered in various specializations through different Canadian universities. One of the most pursued MBA specializations in Canada is Finance. Some of Canada's top MBA universities with specializations include:

MBA in Finance in Canada

MBA in Finance in Canada is a popular program among international students with high employability and earning potential. According to Jobsbank.ca, 30,600 new vacancies will be created for Finance graduates in Canada by 2028.

MBA in HR in Canada

MBA in HR in Canada focuses on concepts involving Human Resources in an organization. Human Resource Sector is expected to grow by 12,400 jobs in Canada from the year 2019-2028 and 14,200 new job seekers are expected to be available to fill them.

MBA in Business Analytics in Canada

MBA in Business Analytics in Canada is a great choice for students interested in pursuing a career in data-driven decision-making, with ample job opportunities and a high earning potential. According to jobbank.gc.ca, for business analysts, over the period 2022-2031, new job openings are expected to total 143,700, while 157,800 new job seekers are expected to be available to fill them.

MBA in Marketing in Canada

MBA in Marketing in Canada covers a range of topics such as consumer behavior, market research, branding, advertising, and digital marketing, preparing students for leadership roles in marketing and related fields. From 2019 to 2028, job vacancies are projected to witness an increase in the Canadian marketing sector while around 19,900 job seekers will enter the job market.

MBA in International Business in Canada

MBA in International Business in Canada is an excellent choice for students who want to build their careers in the global business world. According to projections for 2022-2031, there will be 68,700 new job openings available in the field of International Business. However, there are expected to be 63,800 new job seekers entering the job market with the necessary qualifications to fill these positions.

MBA in Canada Cost

MBA from Canada cost is approximately INR 80 lakhs (~130,000 CAD) for Indian students, including pre-arrival cost, tuition fees, and living expenses. The tuition fees take up the largest share of the MBA cost in Canada. Though there are several low-cost MBA colleges in Canada, the tuition fees at Tier 1 & Tier 2 colleges is around INR 40 lakhs (66,000 CAD). The MBA fees in popular Canadian colleges is tabulated below:

Cost of Living in Canada

The monthly cost of living in Canada for an international student ranges around 2,500 CAD i.e around ~1.5 lakhs. The cost of accommodation, books & materials, transport, food & beverages, etc make up the cost of living for an international student. Basic living expenses are as follows:

MBA in Canada Student Visa

Also Check:

MBA in Canada Requirements

Admission requirements to pursue MBA from Canada are competitive for Indian students, particularly in Tier 1 MBA colleges. The very basic requirement for all Canadian business schools is the completion of at least 16 years of education. The other eligibility for MBA from Canada for Indian Students is discussed below:

MBA in Canada Admission Requirements for Indian Students

Admission requirements in top MBA colleges in Canada is similar in terms of academic requirements, that is GPA score of 3.5 or above in a 4-year UG degree. The requirements at Canadian universities vary in the form of work experience, average GMAT score for MBA, and IELTS score requirements. Based on the Class Profile of 2024, the average scores and work experience required for MBA in Canadian colleges is tabulated below:

Also Check:

Work Permit after Studying MBA in Canada

With a two-year MBA program in Canada, you can expect a work permit in Canada for up to three years, as a PGWP holder. Graduates can apply for Canadian permanent residency during these working years if they have the required number of years of experience.

MBA in Canada Scholarships

To cover this financial requirement, some international students need financial assistance. The MBA scholarships in Canada generally provide around 10,000 to 20,000 CAD (~5.94 to 11.88 lakh INR) to the students to cover their tuition expenses. Some of the popular scholarships to study MBA in Canada for Indian students are tabulated below:

Want to know more about scholarships in Canada? Click below and find out about top scholarships in Canada for Indian students 

MBA in Canada Jobs and Salaries

MBA in Canada graduates can earn an average salary of 133,003 CAD per year. The highest-paying MBA specialization in Canada includes Finance, Operations, and Information Technology. As per the reports of salaryexplorer, the average MBA Salaries in Canada is:

MBA Colleges in Canada Salaries

The average salaries of graduates from MBA colleges in Canada are mentioned below: 

Top Recruiters for MBA in Canada

MBA graduates earn an average of 66,000 CAD per year. However, the average salary of an MBA in Canada graduate may vary depending on the province in which you find work, the specialization of their MBA, and work experience. Some of the top recruiters for MBA in Canada are:

MBA in Canada Comparison

Pursuing MBA in Canada for Indian students is quite affordable as an enormous gap of 7-11 lakhs can be observed when compared to USA and UK universities. Easy post-work visas, affordable universities, increased SMEs, and startups are some of the major reasons why Indians prefer to study in Canada over the USA and UK.

MBA in Canada vs MBA in USA

Also Check: MBA in USA

MBA in Canada vs MBA in UK

Also Check: MBA in UK

MBA in Canada vs MBA in Australia

Also Check: MBA in Australia

MBA in Canada FAQs