Best MBA Universities in Canada 2025: Rankings, Requirements & Fees
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Table of Contents
- Top 10 MBA Colleges in Canada
- Affordable MBA Universities in Canada for International Students
- Best Universities in Canada for MBA without GMAT for International Students
- Top Specialisations in MBA in Canada for International Students
- Why Study MBA in Canada?
- Eligibility Requirements to Study in MBA Universities in Canada
- Documents Required to Study in MBA Universities in Canada
- Top Scholarships to Study MBA in Canada
- Study MBA in Canada? Trust GetGIS to Assistance Your Admission & Visa Process Effectively
Studying MBA universities in Canada offers a compelling pathway to career advancement and financial success. According to QS MBA Ranking 2025, 22 Canadian business schools are recognised among the world’s top universities for business studies.
With diverse industries such as technology, healthcare, and manufacturing actively seeking MBA talent, Canada presents a vibrant and promising landscape for prospective students aiming to elevate their careers. Without further ado let us explore the top MBA universities in Canada for international students in 2025.
Top 10 MBA Colleges in Canada
While many universities offer Master in Business Administration courses in the Canadian nation, the list of 10 best universities in Canada for MBA for international students as per QS Global MBA ranking 2025 include:
|
Universities |
QS Ranking |
Annual Tuition Fees (CAD) |
|
University of Toronto (Rotman) |
39 |
68,890 |
|
McGill University (Desautels) |
66 |
99,500 |
|
Western University (Ivey) |
76 |
132,994 |
|
Queen's University(Smith) |
91 |
110,000 |
|
UBC (Sauder) |
101 - 110 |
104,251 |
|
York University (Schulich) |
101 - 110 |
72,730 |
|
Alberta School of Business |
131 - 140 |
88,000 |
|
Concordia (John Molson) |
141 - 150 |
53,511 |
|
HEC Montréal |
151 - 200 |
59,000 |
|
McMaster (DeGroote) |
151 - 200 |
113,500 |
Affordable MBA Universities in Canada for International Students
So far you have explored the list of top universities in Canada for MBA, however are you worried about the costly fee structure and expenses. Worry not as we have also listed the cheapest university in Canada for MBA for international students.
|
University |
MBA Tuition Fees (CAD) |
|
Memorial University of Newfoundland |
36,947 |
|
University of Saskatchewan |
68,190 |
|
University of Ottawa |
68,000 |
|
Concordia University |
47,900 |
|
Simon Fraser University |
63,320 |
|
University of Calgary |
25,293 |
|
Vancouver Island University |
51,408 |
Explore the Most Affordable MBA Universities in Canada for International Students
Best Universities in Canada for MBA without GMAT for International Students
Many universities in Canada for MBA without GMAT also accept international student admissions in 2025. The list of top MBA colleges in Canada without GMAT along with details to How to Pursue an MBA in Canada Without GMAT?
|
University |
Program |
Tuition Fee (CAD) |
GMAT Waiver Conditions |
|
Smith School of Business, Queen's University |
Accelerated MBA for Business Graduates |
102,100 |
Business degree + 2 years of work experience |
|
Schulich School of Business, York University |
Full-Time MBA |
103,800 |
Schulich BBA/iBBA graduates (B+ average) |
|
Lakehead University |
MBA |
30,000 |
Completion of Business Skills Development Program (min 70% avg) |
|
Thompson Rivers University |
MBA |
36,000 |
GMAT optional; strong academic & work experience preferred |
|
New York Institute of Technology, Vancouver |
MBA (Management/Finance) |
30,000 |
GMAT not required; evaluated on academics & work experience |
|
Ivey Business School, Western University |
Accelerated MBA |
123,500 |
GMAT waived for HBA graduates with 78%+ average |
|
Rotman School of Management, University of Toronto |
Full-Time MBA |
133,740 |
GMAT waived for CFA Level 3 passers |
|
Wilfrid Laurier University |
Part-Time Alternate Weekend MBA |
49,738 |
GMAT required only for non-Canadian undergrad degrees |
|
Vancouver Island University |
MBA |
36,000 |
No GMAT required; based on academic and work experience |
|
University Canada West |
MBA |
35,100 |
GMAT not required; admissions based on academic credentials & experience |
Top Specialisations in MBA in Canada for International Students
Canada offers a wide range of MBA specializations that cater to diverse career goals and industry demands. Here are the best MBA courses in Canada, each focusing on a specific area of expertise:
|
Specialization |
Focus Areas |
Career Opportunities |
|
MBA in Marketing |
Consumer behavior, marketing strategies, brand management |
Advertising, market research, brand management |
|
MBA in Finance |
Investment banking, financial planning, corporate finance |
Financial services, investment banking, asset management |
|
MBA in International Business |
Global trade, cross-cultural management, international market strategies |
Multinational corporations, global market roles |
|
MBA in Operations and Supply Chain Management |
Logistics, procurement, operations optimization |
Supply chain management, operational efficiency roles |
|
MBA in Healthcare Management |
Public health policy, healthcare finance |
Healthcare leadership, hospital administration |
|
MBA in Business Analytics |
Data analysis, decision-making based on data insights |
Business analyst roles, data-driven strategy positions |
|
MBA in Human Resource Management |
Talent management, organizational behavior, employee relations |
HR management, employee engagement roles |
|
MBA in Entrepreneurship |
Business planning, startup financing, innovation strategies |
Startup leadership, business development |
|
MBA in Sustainability and Society |
Sustainable business practices, corporate social responsibility |
CSR roles, sustainability consulting |
Why Study MBA in Canada?
Education System in Canada is equipped to ensure quality learning experiences along with practical exposure that is greatly respected globally. The best benefits of studying at MBA universities in Canada include:
- Compared to other countries like US, UK, Canada offers more affordable tuition fees for MBA programs, typically ranging from CAD 30,000 to CAD 60,000.
- An MBA degree from Canada colleges signifies advanced knowledge and skills, making graduates competitive in the Canadian job market with opportunities in top firms such as Deloitte and KPMG.
- Graduates from top MBA universities in Canada like Rotman report an average salary of CAD 140,000 with employment rate exceeding 90%.
- A survey by Graduate Management Admission Council (GMAC) indicated that over 25% of employers plan to increase hiring of MBA graduates, underscoring the demand for MBA graduates
- As per QS MBA Global Rankings, 4 Canadian business schools have been ranked among the top 100 B Schools in the world.
Explore the best Benefits of Studying in Canada for Indian Students
Eligibility Requirements to Study in MBA Universities in Canada
Eligibility requirements for studying an MBA in Canada vary among universities, but there are some common criteria to keep in mind. Here are the general requirements:
- Bachelor's Degree: You must hold a bachelor's degree or its equivalent from a recognized university. The degree can be in any discipline.
- Work Experience: While not mandatory for all programs, having relevant work experience can enhance your application. Many MBA programs value candidates with practical and professional experience, as it contributes to classroom discussions and networking opportunities.
- GMAT Score: Most top business schools in Canada require a good GMAT (Graduate Management Admission Test) score. A competitive GMAT score is often given significant consideration during the admissions process.
- Language Proficiency: As an international student, you need to demonstrate proficiency in English by submitting scores for tests like IELTS, TOEFL, or PTE. These tests assess your ability to communicate effectively in English, ensuring that you can actively participate in the program.
Documents Required to Study in MBA Universities in Canada
To apply for an MBA in Canada, you will need to gather the below mentioned MBA in Canada requirements for international students. These include
- Academic Records: Collect all your academic records and transcripts from your previous educational institutions. This includes your bachelor's degree or its equivalent.
- Proficiency Exam Scorecard: Submit the official scorecard of the English language proficiency test you have taken, such as IELTS, TOEFL, or PTE.
- Bank Statement: Provide a bank statement that demonstrates your financial capacity to cover the tuition fees and living expenses during your studies in Canada.
- Work Experience Proof: If you have relevant work experience, gather documents such as employment letters, salary slips, or any other proof that verifies your professional background.
- Letters of Recommendation: Arrange at least two letters of recommendation for students from individuals who can speak to your academic or professional abilities. These could be professors, employers, or supervisors.
- Statement of Purpose: Write a statement of purpose that outlines your motivations, career goals, and how an MBA in Canada aligns with your aspirations.
- MBA Essays: Some universities may require you to submit additional essays or written responses to specific questions. Prepare these essays if they are part of the application requirements.
- Updated CV/Resume: Prepare an updated curriculum vitae (CV) or resume that highlights your educational qualifications, work experience, skills, and achievements.
- Photographs: Keep a few passport-sized photographs ready as per the specifications mentioned by the universities.
- Visa: If you are an international student, you will need to provide the necessary documents to apply for a study permit or visa. This may include your passport, visa application form, and proof of financial support.
Top Scholarships to Study MBA in Canada
There are several available scholarships for Indian students who wish to pursue an MBA in Canada. The list of Top Scholarships for Indian Students in Canada to study MBA include:
|
Scholarship Name |
Value of Scholarship Grants |
|
Ontario Graduate Scholarship (OGS) |
Up to $10,000 per term, 2 terms |
|
University of Waterloo Graduate Scholarship |
Up to $10,000 |
|
University of Manitoba Graduate Fellowships (UMGF) |
$18,000 (Ph.D.), $14,000 (Master's) |
|
Pierre Elliott Trudeau Foundation Doctoral Scholarships |
Up to $60,000 per year, 3 years |
|
Canadair Van Graduate Scholarships (Vanier CGS) |
$50,000 per year, 3 years |
|
University of Calgary Graduate Awards |
$1,000 to $40,000 |
|
Lester B. Pearson International Scholarship Program |
Varies based on assessment |
Study MBA in Canada? Trust GetGIS to Assistance Your Admission & Visa Process Effectively
Pursuing an MBA in Canada offers immense career growth, high earning potential and global networking opportunities with top ranked universities providing flexible admission options including GMAT waivers, international students have multiple pathways to success.
However, navigating the university admission and visa process can be complex. GetGIS simplifies this journey by offering expert guidance on university selection, application procedures, and visa approvals. Our team’s tailored support ensures a hassle free experience helping you achieve your dream of studying in Canada.
Book Your Free Consultation and take the first step towards your MBA in Canada
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