Top 10 MBA Colleges in Canada for 2024

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Updated On 27 January 2024

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Pursuing MBA programs in Canada equips students with 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 best MBA colleges in Canada for Indian students offer worldwide recognised programs, highly skilled faculties, and amazing architecture. This makes Canada the most attractive choice for Indian students.

 

Here is the curated list of the Top 10 MBA Colleges in Canada for 2024 that will help you make informed decisions with key aspects like reputation, program curriculum, faculty expertise, industry connections, and alumni networks. 

 

Why Study MBA in Canada?

Studying for an MBA in Canada offers a transformative educational experience, making it an ideal choice for aspiring business professionals. Pursuing an MBA in this diverse and inclusive country provides students a multicultural environment, fostering a global perspective crucial in today's business landscape.

 

Moreover, the MBA Colleges in Canada are globally recognised for their high academic standards and innovative teaching methods. Their MBA programs emphasise the practical application of theoretical knowledge, enabling students to develop real-world problem-solving skills. In addition, the faculty comprises accomplished professionals, often with extensive industry experience, ensuring a relevant and insightful learning experience.

 

Furthermore, Canada's strong economy and business-friendly environment create numerous opportunities for networking and internships for MBA students. Many MBA programs in Canada offer co-op options, allowing students to gain valuable work experience while completing their degree.

 

Also, Read: Top Courses to Study in Canada 2024

 

How to Choose the Right College in Canada?

 Do you need help with making the right decision to choose the best MBA colleges in Canada? If yes, then you must read this blog.

 

Below, you can determine how to choose the top MBA colleges in Canada. We have researched multiple criteria for a fair and accurate assessment of the colleges, and all the steps are listed below.

 

Ranking & Reputation

When you are planning to study MBA programs, you must first check the ranking of MBA colleges in Canada by following the QS World University ranking, THE, or some reputable ranking website. It is also necessary to check the university’s reputation among its employers, industrial connections, and alumni.

 

Program Curriculum

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

 

Faculty Expertise

Before selecting MBA Colleges in Canada for Indian Students, 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.

 

Industry Connections

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.

 

Top 10 MBA Colleges in Canada

 Below, you can check the list of top 10 MBA Colleges in Canada 2024. You can consider these colleges to study in Canada for MBA programs. 

  • Rotman School Of Management (University of Toronto)

  • University of Western Ontario (Ivey Business School)

  • McGill University (Desautels Faculty of Management)

  • Queen's University (Smith School of Business)

  • University of British Columbia (Sauder School of Business)

  • York University (Schulich School of Business)

  • University of Alberta (Alberta School of Business)

  • Concordia University (John Molson School of Business)

  • University of Montreal (HEC Montréal)

  • The University of Canada West

 

Also, Read: MBA Scholarships in Canada

 

Best MBA Colleges in Canada for 2024

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

 

Rotman School of Management (University of Toronto)

It is a business school at Toronto University that’s 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.

University Type

Public

QS World University MBA Ranking 2024 

28

Fees

CAD 131,120 or INR 8,00,000 

Requirements

  • A bachelor's degree or its equivalent from an accredited university with a minimum mid-B final year average

  • A Required GMAT or GRE score 

  • A minimum GPA of 3.0

  • Two years of comparable job experience

  • Letters of recommendation (LOR)

  • Submission of essays and videos

  • Total IELTS score of 7.0 or TOEFL iBT score of 100

  • Interview

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 alumni network of over 23,000 strong from 98+ countries, with a state-of-the-art curriculum. It ranks 66th in the QS International Trade Ranking, but the Graduate Management Admission Test (GMAT) exam is required here. 

University Type

Public

QS World University for MBA Ranking 2024

NA

Fees

CAD 1,20,500 or INR 73,45,000

Requirements

  • Transcripts

  • GMAT or GRE score

  • A resume that shows 2 years or more of full-time employment experience

  • TOEFL or IELTS score

  • Two professional references

  • Online application, including completion of two required written essay questions and two required video questions.

  • CAD 150 Application fee

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.

University Type

Public

QS World University MBA Ranking 2024

51

Fees

CAD 32,000 or INR 1,80,000

Requirements

  • Minimum work experience of 2 years

  • 2 Letters of Recommendation (LOR)

  • 2 Official transcripts

  • GMAT/GRE Score

  • Total IELTS score of 7.0 or TOEFL iBT score of 100

  • Interview (By invitation)

  • 3 Essay questions to be answered

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.

University Type

Public

QS World University MBA Ranking 2024 

137

Fees

CAD 102,100 or INR 6,24,000 

Requirements

  • Resume

  • Application form

  • Transcripts

  • GMAT or GRE

  • Total IELTS score of 7.0 or TOEFL iBT score of 100

  • Cover letter

  • 2 LORs

  • 2 Video questions

  • 1 written response

  • Personal interview

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. The QS World University MBA Ranking 2024 is ranked 39.

University Type

Public

QS World University MBA Ranking 2024

39

Fees

CAD 90,060 or INR 5,50,000 

Requirements

  • Three or four-year Bachelor's degree with a B+ average or recognised equivalent from an accredited institution

  • Minimum GMAT score of 550 

  • 155 GRE score in the verbal and quantitative sections

  • Total IELTS score of 7.0 or TOEFL iBT score of 100

  • 3-5 years of work experience

  • 2 LORs

York University (Schulich School of Business)

This university creates cutting-edge programs for future business leaders. Schulich offers you several management majors in finance and marketing. This university also provides scholarships for up to CA$ 85,000.

University Type

Public

QS World University MBA Ranking 2024 

139

Fees

CAD 106,900 or INR 6,67,000 

Requirements

  • An undergraduate degree with a minimum B average from the past two full years (or equivalent) of coursework from an accredited post-secondary school.

  • GMAT scores

  • Total IELTS score of 7.0 or TOEFL iBT score of 100

  • 2 years of minimum relevant work experience

  • Online application (2 written essays, 1 timed written essay, 2 videos)

  • Resume

  • 2 LORs

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 dynamic learning environment and will benefit you as you expand your abilities and networks.

University Type

Public-Research University

QS World University MBA Ranking 2024 

128

Fees

CAD 60,000 or INR 36,72,000

Requirements

  • A four-year undergraduate degree from an accredited university requires 60 courses of study or a minimum grade point average of 3.0/4.0.

  • Minimum of 2 years work experience

  • GMAT Score a minimum of 550 or 50% on the GRE

  • Total IELTS score of 7.0 or TOEFL iBT score of 100

  • 2 LORs

  • Video interview

  • Video and Written questions

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 2024 by topics routinely ranks John Molson among the top MBA colleges in Canada.

University Type

Public

QS World University MBA Ranking 2024

251-300

Fees

CAD 47,900 or INR 30,00,000

Requirements

  • a bachelor's degree from an accredited university in any field with a minimum GPA of 3.0/4.3

  • Video interview

  • CV

  • statement of purpose (approximately 500 words)

  • 3 letters of reference

  • Online assignment form.

  • A minimum GMAT score of 580.

  • TOEFL iBT minimum score of 95, Academic IELTS minimum score of 7.0 or Duolingo English Test minimum score of 120

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.

University Type

Public

QS World University MBA Ranking 2024

73

Fees

CAD 59,000 or INR 30,60,000 

Requirements

  • An Undergraduate degree

  • Have at least 3 years of full-time professional experience

  • GMAT (minimum score required 570) or GRE (score equivalent to GMAT)

  • IELTS Score Overall of 7, 7.5, or 8 or TOEFL iBT score of 95-114

The University of Canada West

The University of Canada West is a for-profit, private university. Those who want to study at this university and improve their business abilities in Canada might choose to do so. At the university level, standardised education exposes you to the corporate world.

University Type

Private

QS World University MBA Ranking 2024

NA

Fees

CAD 36,800 or INR 22,50,000

Requirements

  • IELTS Score Overall of 6.5 or TOEFL

  • A minimum of 3.00

  • Bachelors in Business Administration with at least 70%

  • GMAT or GRE scores

  • Minimum of 3 years work experience

Eligibility Criteria to Study MBA in Canada

Knowing the best MBA colleges in Canada for Indian students is good, but having a sound knowledge of their eligibility criteria will be more beneficial as it will help you present yourself better through your applications.

 

Let’s look at some general documentation and eligibility criteria to study in top MBA Colleges in Canada.

  • 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

 

Conclusion

To sum up, the top 10 MBA colleges in Canada for 2024 offer outstanding prospects for aspiring business professionals and managers. The above-mentioned MBA Colleges in Canada for Indian students are chosen owing to 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. Moreover, MBA programs in Canada will offer you the skills, knowledge, and networks needed to flourish in the evolving business world, thanks to the strong alumni networks, collaborative learning settings, and access to varied industries.

 

Selecting one of these best MBA colleges in Canada for Indian students 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 2024. If you would like to get a deeper insight into how to study for an 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

 

FAQs

Q1. Is Canada good for pursuing an MBA?

Ans. Choosing MBA Colleges in Canada is the best option for Indian students. Academic quality is highly regarded in Canadian universities, 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.

 

Q2. What are the career options after studying MBA in Canada?

Ans. 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.

 

Q3. How do I reduce the cost of pursuing an MBA in Canada?

Ans. 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.

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