Canada has become a popular destination for Indian students seeking world-class MBA programs. Its diverse culture, excellent quality of life, and welcoming environment offer ample opportunities for personal and professional growth. Top MBA colleges in Canada provide global exposure, industry-relevant education, and extensive networking opportunities, making them ideal for aspiring business leaders.
Key Highlights:
- Some of the best MBA colleges in Canada include the Rotman School of Management, Desautels Faculty of Management and Ivey Business School.
- The average MBA tuition fees for the top 10 Canadian business school range from CAD 30,000 to CAD 60,000 (INR 18 lakh to INR 37 lakh).
- MBA graduates in Canada can expect an average salary of CAD 80,000 to CAD 120,000 per year, which is approximately INR 48 to 72 lakh.
- Top MBA recruiters in Canada include companies such as McKinsey & Company, Deloitte, Boston Consulting Group (BCG), Ernst & Young (EY), PwC, KPMG, Amazon, Google, RBC (Royal Bank of Canada), TD Bank, Microsoft, and Goldman Sachs.
Which are the Top 10 MBA Colleges in Canada for 2025?
Canada is home to some of the world's most respected business schools, offering MBA programs that provide excellent opportunities for leadership, entrepreneurship, and global business skills. Canadian MBA programs are known for their diverse environments, focus on innovation, and strong international connections. Here is a list of top 10 colleges for MBA in Canada.
QS Ranking 2025 |
MBA colleges in Canada |
Location |
---|---|---|
40 |
University of Toronto |
|
73 |
McGill University |
|
74 |
Western University |
|
89 |
University of British Columbia |
|
92 |
Queen’s University |
|
98 |
York University |
|
121-130 |
University of Alberta |
|
131-140 |
Concordia University |
|
151-200 |
University of Montreal |
|
151-200 |
McMaster University |
Here’s a more detailed overview of each college.
1. University Of Toronto, Rotman School of Management
The Rotman School Of Management is a business school at the University Of Toronto. Rotman School is one of the best MBA colleges in Canada for Indian students as many Indians reside in Toronto. The high employment rate of graduates from Rotman College too adds up to the benefit of studying there.
University Type |
Public |
QS Ranking 2025 |
40 |
Program Duration |
20 months |
Tuition Fees |
CAD 67,532 or INR 40 lakh. |
Average Salary Post-MBA |
CAD 123,438 or INR 76 lakh |
Top MBA Specialisations |
Finance, Investment Banking, International Business |
2. Desautels Faculty of Management
McGill University’s MBA program is one of the top-rated business programs in Canada. The program offers 6-10 weeks of internships to students, giving them an opportunity to explore the real Business market.
University Type |
Public |
QS Ranking 2025 |
73 |
Program Duration |
12 months |
Tuition Fees |
CAD 99,500 or INR 59 lakh. |
Average Salary Post-MBA |
CAD 119,595 or 74 lakh. |
Top MBA Specialisations |
Finance, Analytics, Retailing |
3. Ivey Business School
Quality education, top job opportunities, and several scholarships offered by the Ivey Business School make it one of the top business schools in Canada. Students aspiring to receive financial aid must apply here for fruitful results.
University Type |
Public |
QS Ranking 2025 |
74 |
Program Duration |
12 months |
Tuition Fees |
CAD 126,600 or INR 76 lakh. |
Average Salary Post-MBA |
CAD 148,478 or 92 lakh. |
Top MBA Specialisations |
Finance , Entrepreneurship, Marketing |
4. Sauder School of Business
UBC’s MBA Business program is among the best Business courses in Canada. This is considered to be one of the leading MBA colleges in Canada for Indian students because of the myriad of opportunities posed to the students after their education.
University Type |
Public |
QS Ranking 2025 |
89 |
Program Duration |
16 months |
Tuition Fees |
CAD 94,559 or INR 56 lakh. |
Average Salary Post-MBA |
CAD 98,336 or 60 lakh. |
Top MBA Specialisations |
Business Technology Management , Entrepreneurship, Finance |
5. Smith School of Business
The Smith School of Business at Queen's University is renowned for its innovative MBA programs that emphasise leadership, teamwork, and real-world experience. Located in Kingston, Ontario, Smith offers a full-time MBA program that integrates case-based learning with hands-on projects and global study opportunities.
University Type |
Public |
QS Ranking 2025 |
92 |
Program Duration |
12 months |
Tuition Fees |
CAD 105,100 or INR 63 lakh. |
Average Salary Post-MBA |
CAD 114,771 or 71 lakh. |
Top MBA Specialisations |
Consulting, Finance , Digital Business |
6. Schulich School of Business
If you want to belong to the creme-de-la-creme of the business world, joining the Schulich School Of Business must be your goal. Awarded the position #1 by the prestigious Forbes, Economist, CNN, and more, this is one of the best MBA universities in Canada. 89% of graduates have grabbed attractive jobs right after their graduation here.
University Type |
Public |
QS Ranking 2025 |
98 |
Program Duration |
12 months |
Tuition Fees |
CAD 112,250 or INR 67 lakh. |
Average Salary Post-MBA |
CAD 100,974 or 62 lakh. |
Top MBA Specialisations |
Strategic Management, Finance , Business and Sustainability |
7. Alberta School of Business
The Alberta School of Business, part of the University of Alberta, is one of Canada’s leading business schools, offering a highly regarded MBA program. Located in Edmonton, it provides students with a strong foundation in business principles while offering specialisations in areas like finance, entrepreneurship, and energy management.
University Type |
Public |
QS Ranking 2025 |
121-130 |
Program Duration |
12 months |
Tuition Fees |
CAD 65,000 or INR 39 lakh. |
Average Salary Post-MBA |
CAD 93,252 or 57 lakh. |
Top MBA Specialisations |
Innovation and Entrepreneurship, Finance , International Business |
8. John Molson School of Business
John Molson School Of Business is regarded as one of the good universities. The reason behind this is the regularly updated curriculum and the analytical skill development that is imbibed in the students. If you are someone who enjoys learning with practical experiences, then this is the place for you!
University Type |
Public |
QS Ranking 2025 |
131-140 |
Program Duration |
12 months |
Tuition Fees |
47,900 CAD or INR 30 lakh. |
Average Salary Post-MBA |
CAD 98,051 or 60 lakh. |
Top MBA Specialisations |
Finance, Entrepreneurship, International Business |
9. HEC Montreal
Along with learning from top experts in the field at HEC Montreal. You will also be exposed to the multicultural environment at the university. With the diverse group of students, you will be able to enjoy a socially rich environment.
University Type |
Public |
QS Ranking 2025 |
151-200 |
Program Duration |
12 months |
Tuition Fees |
CAD 59,000 or 35 lakh. |
Average Salary Post-MBA |
CAD 103,500 or 64 lakh. |
Top MBA Specialisations |
Consulting, Finance |
10. McMaster (DeGroote)
The DeGroote School of Business at McMaster University is known for its strong focus on experiential learning, innovation, and leadership development. Located in Hamilton, Ontario, DeGroote offers a flexible MBA program with co-op options, providing students with practical work experience alongside academic learning.
University Type |
Public |
QS Ranking 2025 |
151-200 |
Program Duration |
12 months |
Tuition Fees |
32,000 CAD or 20 lakh. |
Average Salary Post-MBA |
CAD 91,300 or 56 lakh. |
Top MBA Specialisations |
Analytics, Finance |
What are the Admission Requirements for an MBA in Canada?
MBA admission requirements in Canada typically involve a combination of academic qualifications, work experience, and test scores. Applicants must hold a bachelor's degree, provide proof of English language proficiency (IELTS/TOEFL), and submit a GMAT or GRE score. Additional requirements include a Statement of Purpose, letters of recommendation, and, in some cases, work experience.
Eligibility Criteria
- Bachelor's degree from a recognized institution.
- Proof of relevant work experience (if applicable).
- Proof of English language proficiency (e.g., IELTS or TOEFL).
- GMAT score is required for admission to top Canadian universities.
Admission Criteria of Canadian MBA Colleges
Canadian MBA Colleges |
GMAT |
IELTS |
GPA Scores |
---|---|---|---|
Rotman School of Management |
670 |
7 |
3.6 (91%) |
Desautels Faculty of Management |
670 |
7 |
3.3(88%) |
Ivey Business School |
550 |
7 |
3.3(88%) |
Sauder School of Business |
550 |
7 |
3.6(91%) |
Smith School of Business |
600 |
7 |
3.6(91%) |
Schulich School of Business |
540 |
7 |
3.3(88%) |
Alberta School of Business |
550 |
7 |
3.5(88%) |
John Molson School of Business |
580 |
7 |
3.3 (88%) |
HEC Montreal |
625 |
7 |
3.2(88%) |
McMaster (DeGroote) |
600 |
7 |
3.7(92%) |
Documents Required by Business Schools in Canada
Requirement |
Details |
---|---|
Academic Record |
Graduation documents and transcripts are required. |
Test Scores |
Submit IELTS or TOEFL scores for English proficiency. |
Proof of Funds |
Bank statements to demonstrate the ability to support your stay in Canada. |
Work Experience |
Include work experience certificates, if applicable. |
Letter of Recommendation |
Attach letters of recommendation from professors or employers. |
Statement of Purpose (SOP) |
Required to explain your motivation and goals to the admissions committee. |
Visa Documentation |
Include all necessary documents for your student visa application. |
Visa Requirements for Indian Students for 51³ÉÈ˵¼º½ing MBA in Canada
To pursue an MBA, you need a Canadian student visa. The student visa requirements for top Canadian MBA colleges for Indian students in 2025 are as follows:
1. Student Visa
A student visa is required to enter Canada and is issued upon arrival. The visa fee is CAD 150-200.
2. 51³ÉÈ˵¼º½ Permit
A study permit allows students to stay in Canada during their studies, ensuring they remain enrolled and progress academically.
3. Required Documents
To apply for a student visa, students need:
- Valid Passport: Must be valid throughout the study duration.
- Proof of Acceptance: From a designated learning institution.
- Proof of Funds: To cover tuition, living expenses, and return transportation.
- Passport-Sized Photograph
- Immigration Medical Examination (IME)
- English Proficiency Scores: IELTS or TOEFL.
- Statement of Purpose (SOP)
4. Interview
Students may need to attend a visa interview at a Canadian embassy or consulate.
5. Proof of Financial Support
Students must show proof of financial ability through bank statements, student loans, or bank drafts.
6. University-Specific Requirements
Document requirements vary by university, so it's important to check the specific criteria for each program.
Top MBA Colleges in Canada without GMAT/GRE Requirement
Many aspiring MBA students in Canada seek programs that don’t require GMAT or GRE scores, making it easier to pursue their business education. These programs often focus on work experience, academic performance, and personal interviews instead of standardised tests. Here’s a list of top MBA colleges in Canada that offer admissions without GMAT or GRE requirements.
- Rotman School of Management, University of Toronto
- Thompson Rivers University (TRU)
- Vancouver Island University (VIU)
- University of Northern British Columbia
- New York Institute of Technology (NYIT)
- University Canada West (UCW)
- Smith School of Business, Queen’s University
- DeGroote Business School, McMaster University
- Schulich School of Business, York University
- Lakehead University
- Ivey Business School, Western University
- Wilfrid Laurier University, Toronto Campus
- Haskayne School of Business, University of Calgary
What is the Cost of 51³ÉÈ˵¼º½ing in Canada for Indian Students?
The cost of studying for an MBA in Canada varies significantly depending on the institution, program length, and location. On average, tuition fees for MBA programs range from CAD 30,000 to CAD 60,000, with additional expenses for living, books, and materials.
Tuition Fees
When thinking about studying for an MBA in Canada, it's important to know the costs involved. Tuition fees can differ greatly between schools and programs. The table below highlights the fees for some of the top MBA programs in Canada, helping students plan their budgets effectively.
College/University |
Tuition Fee (CAD) |
Tuition Fee (INR) |
---|---|---|
Rotman School of Management |
CAD 67,532 |
₹40,73,720 |
Queen’s Smith School of Business |
CAD 105,100 |
₹63,23,550 |
York University – Schulich |
CAD 112,250 |
₹67,39,725 |
McGill Desautels |
CAD 99,500 |
₹59,89,240 |
University of Alberta |
CAD 65,000 |
₹39,13,950 |
HEC Montréal |
CAD 59,000 |
₹35,33,440 |
UBC Sauder |
CAD 94,559 |
₹56,66,760 |
Ivey Business School |
CAD 126,600 |
₹76,08,660 |
Cost of Living
Understanding the cost of living is essential for MBA students planning to study in Canada. Living expenses can vary by city but typically include accommodation, food, transportation, and other daily necessities.
City |
Estimated Monthly Cost (CAD) |
Estimated Monthly Cost (INR) |
---|---|---|
Toronto |
CAD 1,200 - 1,800 |
₹72,144 - 108,216 |
Vancouver |
CAD 1,200 - 1,700 |
₹72,144 - 102,952 |
Montreal |
CAD 800 - 1,200 |
₹48,048 - 72,144 |
Calgary |
CAD 1,000 - 1,500 |
₹60,120 - 90,180 |
Ottawa |
CAD 1,000 - 1,400 |
₹60,120 - 84,168 |
Edmonton |
CAD 900 - 1,300 |
₹54,108 - 78,168 |
Halifax |
CAD 800 - 1,200 |
₹48,048 - 72,144 |
Quebec City |
CAD 700 - 1,100 |
₹42,072 - 66,168 |
Student Life and Networking Opportunities in Canadian MBA Programs
Canadian business schools focus on providing great networking opportunities, where students can connect with industry professionals, fellow students, and a large alumni network. This mix of learning and networking helps students gain important skills and build connections that can boost their careers globally.
- Hands-On Experience: Canadian business schools prioritise experiential learning through real-world projects, internships, and co-op programs. This allows students to bridge the gap between theory and practice, enhancing their skill sets while building professional relationships crucial for future success.
- Practical Application: Programs are designed to foster immediate applicability of business concepts, ensuring that students can integrate their learning directly into their current work environments.
- Networking Opportunities: Canadian MBA programs offer extensive networking channels, connecting students with industry experts, peers, and a strong alumni network. These connections are often instrumental in securing mentorship, job opportunities, and partnerships.
- AIB’s Global Network: With a growing alumni network of over 20,000 members across 95 countries, including over 2,000 in Canada, AIB provides students with vast networking opportunities. The largest alumni concentrations are in Ontario, Alberta, and British Columbia, offering numerous local connections for Canadian MBA students.
- Career Development: Access to an extensive global network and professional communities in key Canadian provinces positions students for future career growth through mentorships and referrals, both locally and internationally.
Post-51³ÉÈ˵¼º½ Work Permit and Permanent Residency Opportunities After an MBA in Canada
Canada offers a welcoming environment for international students wishing to study and work. To pursue studies in Canada, you will need to obtain a Canadian study permit.
Working After an MBA in Canada
Upon completing your MBA, graduates have the opportunity to apply for a Post-Graduation Work Permit (PGWP). This permit allows them to gain valuable work experience in Canada.
- MBA graduates who have completed a full-time MBA program of two years in Canada are eligible for a three-year PGWP.
- For programs lasting between eight months to two years, the duration of the PGWP will correspond to the length of the study program. For instance, if you complete a ten-month MBA, you will be eligible for a PGWP for ten months.
Canadian 51³ÉÈ˵¼º½ Permit Application
You can apply for a study permit either online or via paper application, but it is recommended to apply online as it typically expedites the process.
How to Choose the Right MBA College in Canada?
Choosing the right MBA college in Canada is important for your future. Consider key factors like location, program length, curriculum, faculty expertise, and industry connections, as these can greatly influence your education and career. Here are the most important points to keep in mind when making your decision.
- Location: Ensure the college is in a desirable area where you’d like to live and work after graduation.
- Program Length: Evaluate the duration of the MBA program, as shorter programs allow for quicker entry into the job market.
- Curriculum and Specialisations: Review the curriculum and available Specialisations to ensure they align with your career goals.
- Faculty Expertise: Investigate the qualifications and industry experience of the faculty members for valuable insights and networking opportunities.
- Industry Connections: Consider the college's industry ties, which can enhance internship and job placement opportunities.
- Alumni Network: A strong alumni network can provide mentorship and job referrals, aiding career advancement.
Why Choose Canada for an MBA?
A Canadian MBA is a great option for future business leaders. The country offers high-quality education, a diverse culture, and a strong economy. With plenty of support for international students, Canada provides an excellent environment for studying business. Here are some key reasons to consider Canada’s MBA programs.
- High-Quality Education: Canada offers prestigious MBA programs recognized globally for their academic excellence and industry relevance.
- Multicultural Environment: Its diverse and inclusive culture and bilingualism make Canada a welcoming destination for international students.
- Support for International Students: Canadian universities provide extensive support for international students, including career services, visa assistance, and post-graduation employment guidance.
- Cost-Effective Education: MBA tuition and living costs in Canada are generally more affordable than other leading study destinations.
- Career Opportunities in Consulting: Consulting is a lucrative field for MBA graduates, offering an average salary of around CAD 90,000 or INR 54 lakh.
- General Management Specialisation: General Management is the most sought-after MBA specialisation in Canada, covering essential areas like HR, marketing, and systems management.
From the Desk of 51³ÉÈ˵¼º½
Canada has become a preferred destination for Indian students pursuing MBA degrees, thanks to its high-quality education, diverse culture, and welcoming environment. The country's top MBA colleges offer excellent programs that equip students with essential skills and knowledge for a successful career in business.
Are you an Indian student looking to pursue an MBA in Canada? 51³ÉÈ˵¼º½ is here to help you with the application process with ease! Our free consultancy call offers personalised guidance on choosing the right program, understanding university requirements, and exploring scholarship opportunities. With our expert advisors, you’ll gain insights into the top MBA colleges in Canada