Top 10 MBA Colleges in Canada for 2023

Pursuing MBA programs in Canada equips state-of-the-art mastery, leadership skills, and a competitive edge in the job market. This calibre can open doors for career advancement, higher earning potential, and industrial connections.

Canada has come a long way as a favourable destination for studying business administration thanks to its exclusive learning system, diverse cultures, and sound economy. The colleges and universities in Canada offer worldwide acclaimed programs, highly skilled faculty, and remarkable architecture, which makes it the most attractive choice for you.

Here’s the curated list of the Top 10 MBA Colleges in Canada for 2023 that will help you make informed decisions with key aspects like reputation, program curriculum, faculty expertise, industry connections, and alum networks.  

Do you need help with making the right decision to pursue MBA programs in Canada? You can determine MBA Colleges in Canada by following a comprehensive evaluation process. We’ve researched multiple criteria for a fair and accurate assessment of the colleges, and all the steps are listed below.

When you’re planning to study MBA programs in Canada, you must check its reputation among its employers, industrial connections, and alums, along with the overall standing of the college in national and international rankings.

When researching top MBA colleges in Canada, you must review their program curriculum's quality and comprehensiveness. From specialisations offered to real-world experiences, there are various factors that you can take into account.

Before selecting any university or college, you should thoroughly research the expertise and qualifications of the faculty members. Academic background, research contributions, industry experience, and reputation are some assessments for checking on the faculty's expertise.

To finalise one of the best MBA colleges in Canada, the strength of their industrial connections must be considered. Partnerships, collaborations, and networking opportunities from these MBA Colleges in Canada will expose you to real-world business environments, internships, and potential job placements.  

Now that you’ve decided to pursue a master’s degree in business administration and are ready to search for a good college, we’ve listed some of the top 10 MBA colleges in Canada below. Let’s have a look!

University of Toronto (Rotman School of Management)

Here we’re talking about the Rotman School of Management, a business school at Toronto University where they’re on a mission to become among the world’s top 10 business schools. Rotman offers 2 types of degrees - executive MBA and full-time MBA. Along with these options, several combinations of MBA programs in Canada are available here.

Course Duration: 1 year for executive MBA; 2 years for full-time MBA

Annual Tuition Fees: CAD 67,530 to 124,893

QS Global MBA Rankings of Canada 2023: #1

University of Western Ontario (Ivey Business School)

Recognised for excellence worldwide, Ivey Business School is determined by a marvellous track record for developing leaders. This Canadian business school has a prestigious alum network of over 23,000 strong from 98+ countries, with a state-of-the-art curriculum, and ranks 66th in QS International Trade Ranking 2023, but Graduate Management Admission Test (GMAT) exam is required over here. 

Course Duration: 12 months of MBA; 14 months program for Accelerated MBA; 15 months of Executive MBA

Annual Tuition Fees: CAD 83,000 to 126,600

QS Global MBA Rankings of Canada 2023: 2

McGill University (Desautels Faculty of Management)

The MBA program at McGill University's Desautels School of Management is widely regarded as one of the world's most prestigious, multinational, and dynamic degree programs. The DFM program is based on an integrated, multidisciplinary paradigm integrating research, practice, and education. Six Nobel Prize winners and 127 Rhodes Scholars have graduated from the school.

Course Duration: 1-year and 2-year program options in full-time MBA; 15-month bilingual executive MBA

Annual Tuition Fees: CAD 91,000 to 99,500

QS Global MBA Rankings of Canada 2023: 3

Queen's University (Smith School of Business)

Queen's University's business school is the Smith School of Business. It is Canada's top 2nd MBA school on the international level. The university's full-time MBA program has a yearly admission in January and September.

Course Duration: 12 months in full-time MBA; 16-Month executive MBA; 12-Month Accelerated MBA

Annual Tuition Fees: CAD 25,306 to 35,034

QS Global MBA Rankings of Canada 2023: 4

University of British Columbia (Sauder School of Business)

The Sauder School of Business at the University of British Columbia is considered one of the world's top academic business schools. Sauder will educate you to prepare you to be future business leaders. In the QS International Trade Ranking 2023, it is ranked in the band of 151-175.

Course Duration: 16 months in full-time MBA; 24 months professional MBA; 20 months international MBA

Annual Tuition Fees: CAD 94,559 to 96,161

QS Global MBA Rankings of Canada 2023: 5

York University (Schulich School of Business)

Schulich School of Business is located in Toronto, Canada's business capital. This university creates cutting-edge programs for future business leaders. Schulich offers you several management majors in finance and marketing. This university also offers scholarships for up to CA$ 85,000.

Course Duration: 16 months in tech MBA; 17 months Kellogg-Schulich executive MBA; 11 months full-time MBA

Annual Tuition Fees: CAD 29,457 to 140,385

QS Global MBA Rankings of Canada 2023: 6

University of Alberta (Alberta School of Business)

The Alberta School of Business is one of the world's finest business teaching and research institutes. Since 1916, the school's more than 26,000 alumni have strengthened businesses and communities through their original ideas, entrepreneurial energy, and leadership. Join a club, compete in a case competition, connect with an alum mentor, or meet a visiting business executive - these initiatives enhance the already dynamic learning environment and will benefit you as you expand your abilities and networks.

Course Duration: 3-4 years in part-time MBA; 22 months executive MBA; 20 months full-time MBA; 10 months fast-track program

Annual Tuition Fees: CAD 30,578 to 83,197

QS Global MBA Rankings of Canada 2023: 7

Concordia University (John Molson School of Business)

Concordia's John Molson School of Business is regarded as one of the best places in Canada to pursue an MBA. QS World University Ranking 2023 by topics routinely ranks John Molson among the top 10 MBA programs in Canada.

Course Duration: 2 years in full-time MBA; 20 months executive MBA

Annual Tuition Fees: CAD 40,000 to 75,000

QS Global MBA Rankings of Canada 2023: 8

University of Montreal (HEC Montréal)

HEC Montréal was Canada's first business school when it opened in 1907. Montréal is well-known for its finance, economics, and operations research. The HEC Montréal MBA program's strength is in its practical education. Its fantastic teaching methods prepare you to employ your skills in organisational administration.

Course Duration: 1 year in full-time MBA

Annual Tuition Fees: CAD 59,100

QS Global MBA Rankings of Canada 2023: 9

Dalhousie University (Rowe School of Business)

Dalhousie University is one of Canada's top undergraduate and graduate studies universities. Dalhousie attracts students by offering the best MBA program with relevant practical experience. It provides you with full-time MBA and online MBA programs.

Course Duration: 2 years full-time MBA

Annual Tuition Fees: CAD 91,320

QS Global MBA Rankings of Canada 2023: 10 

Knowing which are the top 10 MBA colleges in Canada is good, but having a sound knowledge of its eligibility criteria will be more beneficial as it’ll help you to present yourself better through your applications. Let’s have a look at some general documentation and eligibility criteria:

• Academic transcripts

• Bachelor’s Degree.

• Having Work Experience can be beneficial, but it’s optional.

• A good GMAT score is compulsory for admission to the top 10 MBA colleges in Canada. 

• English proficiency like IELTS, TOEFL, PTE

• Letter of recommendation (at least 2)

• Statement of Purpose

• MBA Essays

• Updated CV/Resume

• Student Visa 

Q. Is Canada good for pursuing an MBA?

A. When looking for a top-notch MBA, choose Canada as your destination. Studying MBA in Canada may be a fantastic option for many reasons. For one thing, academic quality is highly regarded in universities in Canada, which provide a choice of majors to suit different interests and professional objectives. Moreover, studying MBA in Canada allows you to interact with individuals worldwide and experience a diverse culture and way of life. Canada is a wonderful location to continue your academic and personal objectives due to its open and inclusive society, first-rate healthcare, and high level of life.

Q. What are the career options after studying MBA in Canada?

A. MBA programs in Canada can lead to several professional prospects for graduates. The country's economy is expanding, and graduates are routinely accepted into the top professions, such as finance, consulting, and marketing.

Financial Manager, Financial Analyst, Marketing Analyst, Recruiting Specialist, Sales Manager, Investment Analyst, Business Analyst, Business Development Manager, and Project Manager are some of the notable career choices for MBA graduates in Canada.

Q. How do I reduce the cost of pursuing an MBA in Canada?

A. You may apply for scholarships and work part-time in Canada to reduce your MBA cost. The Ontario Graduate Scholarship, the Robert Krembil Scholarship of Merit, the Goldberg Leadership Award of Excellence, etc., are a few of the well-known MBA scholarships in Canada.

Such scholarships are designed to help you accomplish your academic and career objectives in times of struggle by offering financial support. To ensure you get all scholarship options that might help you pay for your MBA programs in Canada, completing your research and submitting your application on time is crucial. 

To sum up, the top 10 MBA colleges in Canada for 2023 offers outstanding prospects for aspiring business professionals and managers. The above-mentioned MBA Colleges in Canada were chosen for their reputation, strong curriculum, faculty knowledge, industry contacts, and distinctive program characteristics.

Whether Ivey Business School's case-based approach or Rotman School of Management's integrative thinking focus, each college offers a world-class education and a platform for personal and professional success.

Such MBA programs in Canada will offer you the skills, knowledge, and networks needed to flourish in the evolving business world, thanks to the strong alum networks, collaborative learning settings, and access to varied industries.

Selecting one of these top universities guarantees a transformative MBA experience and opens doors to intriguing professional options. We hope you had an insightful read about the Top 10 MBA Colleges in Canada for 2023.

If you would like to get a deeper insight into how to study MBA in Canada, we encourage you to have a word with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). Our counsellors will provide you with guidance throughout your study in Canada.

Get help with the application process, SOPs and filing for a visa. Visit us and get one-to-one counselling or avail yourself of free video counselling via our website. We will be happy to help you, so please do not hesitate to contact us at application02@meridean.org or 1800-1230-00011.