Over the past few decades, the MBA has become one of the most demanding programs among international students. Earning an MBA helps you develop business skills, builds an entrepreneurial mindset, and exposes you to the world of business on a global stage — all in all, making you industry ready.
As one of the most popular study abroad destinations with over 621,656 international students, it is no surprise that pursuing an MBA in Canada has become a dream for many international students. Currently, the country is home to approx. 47 institutions offering MBA. Six of these universities are among the top universities in Canada ranked below Top 100 in QS Global MBA rankings for 2023.
MBA in Canada has gained prominence in recent times, making it one of the top three countries globally to earn the qualification. Elon Musk and Margaret Atwood are among the figures who have studied in Canada.
Canadian universities provide full-time and part-time MBA programs in a variety of specialties with a number of scholarship opportunities. Tuition fees for MBA in Canada range from CAD $30,000 to $40,000 for international students.
The best part is, after completing your coursework from one of the best MBA colleges in Canada, you are eligible to apply for a post-study work permit. This is a great opportunity for students who aspire to work abroad after their education.
What are you waiting for? Start your MBA dream at one of the top-ranked universities in Canada.
Here are the five best universities to pursue an MBA in Canada:
1. University of Toronto Rotman School of Management
It Rotman School of Management on University of Toronto is on a mission to become one of the world’s top ten business schools. The University provides students with full-time Executive MBA and MBA programs.
Rotman’s two-year full-time MBA program is one of the largest and most diverse programs offered in Canada. It ranks third for the Bloomberg Best Business School for MBA in Canada, with a campus located in downtown Toronto – a major commercial and financial hub.
The Rotman MBA curriculum is divided into core courses — spread over the first year — and elective modules. Students can choose up to 90 elective courses and 15 majors in the second year to tailor their MBA program.
Rotman’s flexible internship program also offers students the opportunity to pursue experiential learning opportunities after the first year of the course. Beyond this, Rotman students can work together Creative Destruction Lab (CDL) with university business partners to help develop financial models, evaluate potential markets, and refine strategies for scaling. There is a competitive selection process for CDL courses.
Estimated tuition fees for the full-time MBA program for international students at the Rotman School of Management are $133,740.
2. Queen’s University, Smith Business School
It Smith Business School on Queen’s University offers a 12-month program that takes a flexible and highly personalized approach, allowing you to tailor your studies to suit your career goals. This is what he made Canada’s number one MBA school for international students.
The Smith School of Business promotes leadership and a career-driven approach to business studies. From allowing students to design their own career paths to ensuring they have exciting opportunities and exposure, this university is one of the best places to visit. It employs an innovative, effective and unique teaching style, making classes dynamic and industry relevant.
The most attractive aspect of this MBA is the opportunity to tailor it to suit your career goals. The program begins with an overview of business fundamentals in the first six months, which also includes an integrated team project. In the second year, you can choose your individual project and complete your choice.
Estimated tuition fees for the full-time MBA program for international students at the Smith School of Business are CAD $104,100.
3. Western University Ivey School of Business
Recognized for excellence worldwide, Ivey Business School at Western University is defined by his outstanding education in management programs. It has a great alumni network with over 23,000 students from over 98 countries.
It offers a one-year, full-time MBA program that focuses on learning by doing. Teaching is delivered mostly through case study, encourage students to think about business challenges beyond the traditional function-based approach. Students pass over 300 cases a year, reflecting the challenges and complexities of a real-world business environment all from within the classroom.
Students work in teams to improve their assessment of a case, brainstorm, and develop a plan of action. They then participate in class discussions where they debate and learn from the diverse perspectives of other individuals and teams. In this way, each student is provided with a training ground to practice their business leadership skills and apply their theoretical business knowledge.
Career readiness is equally important at Ivey. The career management team assists students in building solid resumes, preparing for interviews, and networking effectively. It helps students find career opportunities and plan strategies to achieve their goals.
Quality education, best job opportunities, and multiple scholarships on offer make it one of the best MBAs in Canada to pursue.
Estimated tuition fees for the full-time MBA program for international students at Ivey Business School are CAD $123,500.
4. McGill University School of Management Desautels
Located in downtown Montréal is McGill University Desautels School of Management, which is home one of the most reputable, international and dynamic MBA programs in the world. This is the ranking second in Canada and 90th in the world according to the 2022 Financial Times Global MBA Rankingsmaking it one of the top rated MBAs in Canada.
The McGill MBA program has been redesigned to give students a global perspective to help shape future world leaders. Experiential learning is at the heart of this, with plenty of opportunities for internships, case studies, real business projects and international study trips.
The faculty itself hosts more than 100 companies on its campus each year for students and employers to explore career opportunities. In addition, the program features a full-time career coach, dedicated flow advisors, and specialized professional development programs to help students be successful in the post-MBA job market.
Estimated tuition fees for the full-time MBA program for international student at McGill University’s Desautels School of Management is $99,500.
5. York University Schulich School of Business
Located in Toronto’s central business district is York University Schulich School of Business. It has a flexible MBA program that allows students to switch between full-time or part-time status. Students can choose to study at one of two campus options located in downtown and downtown Toronto.
Awarded number one position by the prestigious Forbes, Economist, CNN, and more, it is one of the best MBA in Canada. Employers seem to agree: 89% of Schulich MBA students are employed within three months of graduation.
The MBA curriculum spans 33 credits, which include core courses that base students with similar backgrounds and equip them with the skills for effective management of the public, private, and not-for-profit sectors. In addition to the core courses, students are required to complete 27 credits of elective courses, which allows for a more in-depth exploration of a focus area.
Students also participate in strategy field studies as the capstone of the programme. A strategy field study is a two-term consultancy project in which a student team undertakes a strategic assessment of an organization and its environment. The student team then presented their recommendations to senior management.
Estimated tuition fees for the full-time MBA program for international student at York University Schulich School of Business is $133,700.20.