MBA in Canada: Business schools, Colleges & Universities

MBA in Canada

Canada has one of the most reputed education systems in the world. There is a broad range of academic programmes, in various streams and at different levels to Study in Canada. But most probably an MBA in Canada is the top choice of international students. It is widely known that the nation has some of the best MBA universities listed in the top-ranking universities. Canada is one of the most beautiful and culturally diverse countries which attracts international students from all corners of the world to move to this country to pursue higher education, especially MBA

Why study MBA in Canada?

Doing MBA in Canada for Indian students and also for other international students can prove to be productive for those who want to obtain and improve management skills within a business world. After getting a good MBA degree, one can learn methods to manage the businesses in an effective manner.  Benefits of pursuing MBA from Canada are:

• MBA in Canada for international students is affordable and is globally recognised.
• There is a simple process to apply for an MBA in Canada.
• The business programs at business schools and universities in Canada enhance the career opportunities and earning potential of students.
• Students get a chance to build strong relations with fellow mates belonging to the different cultural backgrounds in Canada while pursuing an MBA.
• The institutions in Canada concentrates more on the practical implementation of knowledge and help students explore all the disciplines in the business world.
• The internship programs help international students to get an insight into the industry.
• International Students can pursue their MBA courses in English.

Eligibility for MBA in Canada

Although Canada offers alluring business programs, a student needs to meet certain criteria to be eligible to undertake those MBA programs. Mentioned below are some of the eligibility factors -

• A related bachelor's degree, which is equivalent to the Canadian bachelor’s degree from a recognized institution
• A Graduate Management Admission Test (GMAT) score between 500 - 600
• Some universities filter the best candidates for their MBA program  by adding the criteria of minimum years of work experience
• International applicants, non-native English speakers or students whose primary language of education is not English are required to appear for a Test of English as a Foreign Language (TOEFL) or an International English Language Testing System (IELTS). Also, the score obtained on these tests must meet the minimum requirement criteria of the university applied to.
• Some universities may have criteria, other than the ones mentioned above.

Top MBA programs in Canada

There are numerous universities in Canada which offer Master of Business Administration (MBA) in many specializations. There are mainly 3 sections categorized by the best colleges for MBA in Canada. They are as follows:

1. Generalized MBA Program:

The duration of this program is usually 2 years. During the first year, the students investigate the core of business fundamentals such as Business Strategy Analysis and Management Statistics and Data Analysis, Financial and Managerial Accounting. Whereas, the second year comprises deep-diving into the chosen area of concentration, from the specialization options.

2. Specialized MBA :

The duration of these MBA programs differs from 1 year or less. These programs provide an opportunity for individuals who wish to sharpen their skills in that specific field. Some business schools like Simon Fraser University also provide customized MBA programs which fulfil the needs of specific corporate and organizations. These types of well suited MBA programs are also known as “Corporate MBAs” and are only available to the employees of the organization.

3. Combined MBA :

These MBA programs are an optimal choice for students looking to obtain masters in Canada while pursuing another course such as Engineering, Agriculture, Law, Arts or Medicine. These programs generally require 4 years for completion.

MBA with specialization in Canada are:

Several Canadian universities offer Master of Business Administration (MBA) in many specializations. The program duration of an MBA in Canada university differs from about 10 months to 2 years. Some top MBA specialization in Canada are given below:

• MBA in Consulting and Strategic Management
• MBA in Finance 
• MBA in Investment / Insurance
• MBA in Resources and Environmental Management
• MBA in Supply Chain and Operations Management
• MBA in Technology Management
• MBA in Healthcare Management
• MBA in Luxury and Retail Management
• MBA in Tourism / Hospitality Management
• MBA in Digital Marketing
• MBA in Event Management
• MBA in project management
• MBA in Human Resource(HR)

Requirements for MBA in Canada

Students, who want to pursue their MBA studies in Canada have a question: how to study MBA in Canada? The answer is given below:

1. Make research for MBA in Canada colleges and courses for MBA in Canada. You need to go through the official websites of the institutions to check every minute detail.
2. Visit websites of business schools and universities  and get in touch with them for more information
3. Make a list of the schools of your choice
4. Appear for entrance exams like the SAT, GMAT, GRE, TOEFL, IELTS
5. Collect LORs from the concerned person and write sop for MBA in Canada
6. Apply for the schools or universities for MBA in Canada. You can get the application form in two ways either by mail or download it from the website of the university.
7. Appear for video interviews of the colleges which selected you.
8. If you are accepted into the University, then apply for a student visa in Canada.

Documents required for the application process of MBA in Canada:

• The student must have an academic record including all documents of graduation. The mark sheets should be sealed with authorization by the authority.
• Test scorecard of English language proficiency tests like TOEFL or  IELTS and a test score of GMAT as well.
• Bank statements and other financial documents to prove funds for sustainability in Canada while pursuing an MBA.
• Work experience proof is any. Most of the business schools in Canada have the criteria that the candidate should have work experience of at least 2-3 years.
• Letter of recommendations from your current and previous managers or supervisors or it can be from your graduate faculty who have judged your work closely. The teacher or the author should mention his position in the letter and tell about how good and capable you are in doing things.
• A proper admission Essay or Statement of Purpose. You need to be really honest and unique about the causes of choosing a particular program in a particular institute to make yourself distinguished. Also please be thorough with the instructions if any institute has its own standardized format of this self-assessment for the admission
• Documents related to visa.

Admission Test

• GMAT:  The scores of this exam are required by many universities and the minimum score required is from 500 while many universities require 600.
• TOEFL: This test is a significant one for those who are not from Canada and want to apply for studying in Canada. The minimum scored required by the universities is from 550-600.

How to apply for an MBA in Canada from India

The process of applying for an MBA for Indian students stays the same for most parts. The students are required to appear for the admission tests, have a bachelor’s degree in the related field, and have significant experience in the field, for the top universities. For most of them, you are required to apply online on the B-school websites, the visa process is done through SDS (Student Direct Stream), and the IELTS requirements for that 6.5 overall with 6 bands in each module.

Selecting the college for MBA in Canada

Before you make a decision regarding the selection of a top MBA college to pursue your study, it is important to consider a few things to suit your requirements. Do some initial research through the websites of the colleges in Canada to find out which will be an ideal choice for you in terms of:

• Understanding the course curriculum and internship options
• Infrastructure and state-of-the-art facilities
• Understanding the targeted career objectives
• Fee structure
• Financial capability to pay the living expenses
• Should know the latest news and research reports of the institution.

Best MBA colleges in Canada

Below we have mentioned some of the best colleges for pursuing MBA in Canada :

• HEC Montreal
• Rotman School of Management
• Edwards School of Business, University of Saskatchewan
• Ivey Business School, University of Western Ontario
• Schulich School of Business, York University
• McMaster University
• Desautels Faculty of Management, McGill University
• Telfer School of Management, University of Ottawa
• Sauder School of Business, University of British Columbia
• Beedie School of Business, Simon Fraser University
• Queen’s School of Business
• University of Alberta

Part Time MBA in Canada:

Along with the top-quality full-time MBA courses, the top universities in Canada also offer part-time MBA courses, too. Here are some of the universities that offer Part-Time MBA in Canada:

• Concordia University
• HEC Montreal
• McGill University
• Queen's University
• Ryerson University

The courses are especially helpful and designed to cater to working professionals, who are willing to pursue an MBA without a break in their career.

Courses available in the Top Business Schools in Canada

1. Rotman School of Management - University of Toronto

2. Sauder School of Business - University of British Columbia

3. Alberta School of Business - University of Alberta

4. HEC Montreal

5. Schulich School of Business - York University

6. Ivey Business School University of Western Ontario

List of MBA colleges in Canada without GMAT

International students can even pursue an MBA in Canada without giving GMAT. Here are some of the colleges in Canada which does not require a GMAT score:

• Lakehead University, Thunderbay and Orillia
• New York Institute of Technology, Vancouver, British Columbia
• Lazaridis School of Business and Economics, Wilfrid Laurier University
• Ivey Business School, Toronto
• Whitman School of Business, Syracuse University
• Schulich School of Business, York University

Read more: MBA in Canada without GMAT

Top MBA colleges in Canada without work experience

Most of the MBA colleges in Canada ask for work experience before applying for the course. But if you don’t have any work experience, yet you can study BA program. Here are few colleges which accept the application for MBA program without work experience:  

• New York Institute Of Technology (NYIT), Vancouver, BC(Canada)
• Brock University
• The University of Windsor, Windsor, Ontario
• Thompson Rivers University, Kamloops, British Columbia
• Vancouver Island University (SPP), Nanaimo, British Columbia
• Cape Breton University, Nova Scotia

While an MBA is an expensive proposition as compared to other master’s degree programs considering the tuition costs, there are the best ROI MBA colleges in Canada.

Cost for MBA in Canada

Canada, in terms of tuition fees for an MBA in Canada, is significantly less expensive compared to the USA, and therefore the number of international students is increasing in pursuing an MBA in Canada, making it one of the hot spots for business education. Here are some of the MBAs in top Business Schools in Canada with their course duration and fee. 

1. Rotman School of Management

• Course duration - 2 years
• Fee - $84,028

2. Queen’s Smith School of Business

• Course duration - 1 year
• Fee - $71,445

3. York University – Schulich

• Course duration - 2 years
• Fee - $99,400

4. McGill Desautel

• Course duration - 20 months
• Fee - $89,000

5. University of Alberta

• Course duration - 20 months
• Fee - $53,392

6. HEC Montréal

• Course duration - 1 year
• Fee - $33,200

7. UBC Sauder

• Course duration - 16 months
• Fee - $60,440

8. Ivey Business School

• Course duration - 1 year
• Fee - $101,500

For more information click here: Cost of studying in Canada

Scholarship for MBA in Canada

International students can pursue an MBA in Canada with scholarships. Being a professional course there is a limited scope of getting financial assistance for international students for pursuing an MBA program in Canada. However, some students can get scholarships based on their outstanding academic and other achievements related to the program. Many times students are awarded part waiver because of the top scores on GMAT and other academic achievements. Apart from this, candidates can pursue MBA with scholarship in Canada with the help of following programs:

• Ontario Graduate Scholarship (OGS) Program 
• Rotman School of Management Scholarships
• Sauder School of Business Entrance Scholarship
• Alberta MBA Scholarships
• Ivey MBA Scholarships
• Haskayne School of Business MBA Entrance Scholarships
• Schulich School of Business Scholarships
• Go Clean Scholarship

Post Graduate Work Permit in Canada

Post Graduate Work Permit in Canada is one of the reasons why these many people prefer Canada for their MBA. Depending on the duration of the course, international students can stay back and look for jobs in Canada for up to 3 years. The said time is enough for the MBA graduates to find work in Canada and settle there. There are some requirements and processes to be followed for the Post Graduation Work Permit in Canada, and you can find all about them here: Post Graduation Work Permit in Canada for International Students

Jobs for MBA in Canada

Companies also prefer those professionals to overtake leadership roles who have great communication skills and the ability to solve challenging issues in a difficult business environment. The average salary of an MBA in Canada is $51,511 per year or $26.42 per hour. Salary of the MBA jobs in Canada for freshers starts at $24,892 per year while most experienced workers make up to $87,569 per year. There are plenty of job opportunities for the right applicant. After completing their MBA program, they can work in various sectors like:

• Accounting and consultancy
• Education
• IT services
• Health industry
• Oil and Gas
• Legal jobs

Besides this, MBA graduates can also get the opportunity in the various departments of the Canadian government and help in running the administration effectively. Furthermore, management graduates can also work in sales, marketing, technical management, product and project management.

MBA UNIVERSITIES IN CANADA

Business Administration Colleges in Canada

General Management Colleges in Canada

International Business Colleges in Canada

Human Resource Management Colleges in Canada

Supply Chain and Logistics Management Colleges in Canada

Entrepreneurship and Leadership Colleges in Canada

Law colleges in Canada

Banking/Finance/Accounting Colleges in Canada