Yes, there is a wide array of fully funded and university scholarships available. If you are planning to pursue an MBA from Canada, here are some of the most popular scholarships that you can apply.
Scholarship | Amount (CAD) | Offered by |
MBA Excellence Award | Up to 20,000 | Rotman School of Management |
Women in Business Excellence Award | Up to 10,000 | Rotman School of Management |
Global Business Leader of Tomorrow | Up to 10,000 - 15,000 | Sauder School of Business |
MBA Entrance Scholarship | Up to 7500 - 11,500 | Haskayne School of Business |
Ivey MBA Scholarship | Up to 10,000 | Ivey Business School |
MBA Admission Award | Up to 1000 - 10,000 | DeGroote School of Business |
Scotiabank Scholarship | Up to 20,000 | Schulich School of Business |
According to salary trends, the average salary for MBA jobs in Canada ranges from CAD 83,000 to CAD 90,000. Here are the average annual salary statistics for MBA graduates from top-rated colleges in Canada.
University | Average Annual Salary (CAD) |
University of Toronto | 116,000 |
McGill University | 83,000 - 118,000 |
Western University | 101,000 |
York University | 93,000 |
University of Alberta | 94,000 |
Concordia University | 117,000 |
Very few universities in Canada offer MBA without GMAT scores. They will consider other factors as eligibility criteria such as work experience for selection.
York University’s Schulich of School of Business, McMaster University’s Degroote School of Business are some of the most reputed business schools in Canada that offer MBA without GMAT. Other than these, other universities offering MBA without GMAT are New York Institute of Technology, Thompson Rivers University, Lakehead University, Wilfrid Laurier University.
You have the option to apply for executive MBAs without a GMAT score, too.
No, MBA in Canada is not free. But many reputed universities in Canada offer affordable MBA courses. You can easily choose decent universities to pursue an MBA without compromising on the quality of education. As per the fee trends of top business schools in Canada, an MBA degree will cost around 34,000 CAD to 255,000 CAD.
Here are some of the affordable Canadian universities that you can consider for MBA.
Other than that, you can also opt for many popular scholarships available for MBA students in Canada. You have the option to work while studying as well.
With a friendly immigration policy and a wide array of post-study job opportunities, Toronto is one of the most happening MBA destinations among international students. Here are few of the top B-schools in Toronto.
For pursuing an MBA in Canada, students are required to have work experience of 1-2.5 years. On average, MBA students of Canada have 6.4 years of work experience. The required work experience varies depending on the institute and the nature of the MBA program.
There are also many colleges in Canada that offer MBA programs without any work experience. New York Institute of Technology, Thompson Rivers University, Cape Breton University, University of Windsor are a few of such institutes.
The minimum IELTS score required for Canadian immigration is 6. A score in the IELTS band of 6.5-7, should fetch you a reputed B-School. Here is the IELTS requirement for some top Canada B-Schools.
B-school | IELTS Score |
University of Toronto | 6.5 |
University of British Columbia | 6.5 |
McGill University | 6.5 |
University of Alberta | 6.5 |
University of Newfoundland | 6.5 |
University of Windsor | 7 |
Most universities or colleges of Canada have their own set of eligibility criteria for MBA admission. But the common prerequisite for international students is as follows.
In Canada, the admission circle for MBA starts at least six months before the session commences. Most universities already wrapped up their first round of admission of full-time MBAs, for 2022.
Below are the upcoming deadlines of some top MBA programs in Canada.
Rotman School of Management |
3rd round - 13th April, 2022 4th round - 15th June, 2022 |
Desautels Faculty of Management |
Application closes for international students - 15th March, 2022 |
Schulich School Business |
3rd round - 31st March, 2022 4th round - 19th May, 2022 |
Smith School of Business |
1st September, 2022 |
Sauder School of Business |
Last round - 5th April, 2022 |
Alberta School of Business |
Fall 2022, September term - Admission closes for international students - 15th April, 2022, Executive MBA application closes - 30th June, 2022 |
If you are planning to do your MBA from Canada, you should start your application process at least two years prior to your actual joining year. That way you will have enough time to plan out the whole process.
Most reputed business schools in Canada require the following for MBA admission.