MBA in Canada 2025 : Top Universities, Eligibility, Cost

Whether you want to work in a managerial position, or as an entrepreneur, a good MBA degree is required. Canada is becoming an attractive destination for international students to pursue MBA programs. MBA fees in Canadian universities start from INR 7 Lakhs per year. 

Is Canada good for MBA studies? There are multiple universities in Canada which offer top MBA programs. Due to world-renowned business schools and post-study work opportunities, Canada is an attractive destination for aspiring MBA students. According to the QS World University Rankings 2025, 6 of the world’s top 150 universities are in Canada. So, if you are considering pursuing MBA abroad, then Canada can be a good option for you.

To get admission into top MBA programs in Canada, you need to fulfil the required eligibility. Also, work experience is a part of the eligibility criteria. In this article, we will discuss important information related to pursuing MBA studies in Canada. We will help you to know about the duration of the course, fee structure, cost of living, eligibility criteria and post-study opportunities.

Why Choose to Study MBA in Canada

Whether you want to work in a managerial position or as an entrepreneur, a good MBA degree will always help you manage a business more effectively. An MBA is fruitful for those who want to gain managerial acumen. Companies prefer professionals who have good communication and interpersonal skills, along with the ability to solve complex problems in a competitive business environment.

Benefits of Pursuing MBA from Canada are:

• Easy Admission Process: The admission process is simple.
• Worldwide Recognized Degree: Education institutes/colleges in Canada offer internationally recognised degrees at a relatively affordable cost.
• Increased Chances of Geeting High-Paying Jobs: Business programs offered by Canadian institutes give a boost to the careers of MBA professionals, thus ultimately enhancing their earning potential.
• Practical Skill Development: The MBA degree helps in gaining practical knowledge, which can be applied in real-world business scenarios.

Canada MBA Fees

MBA fees in Canada start at INR 7 lakhs per year. The actual tuition fee depends on the programme and the university to which you have applied. The Canada MBA fee is relatively less as compared to the MBA fee in the US. However, a lower fee does not necessarily mean lower quality. An MBA in Canada is one of the most popular and rewarding courses for Indian students when it comes to studying abroad. Not only do international students have an opportunity to work in Canada after their MBA, but they also have access to one of the most remunerative job markets in the world.

Students need to note that in addition to the tuition fee for the MBA in Canada, they will also incur a cost of living in Canada, which will be nearly CAD 19,000 per annum. However, the cost of living can vary greatly based on the location and lifestyle of a student.

Top MBA Colleges in Canada and Their Fees

The table given below provides the top MBA Colleges in Canada with fee structures along with their course duration and tuition fee.

Source: Shiksha Study Abroad

Executive MBA in Canada

Executive MBA in Canada is offered by the University of Toronto, the University of Alberta, York University, Queen’s University, Concordia University, etc. The following points provide important details of Executive MBA in Canada:

1) University of Toronto Executive MBA

The University of Toronto, Rotman School of Management, offers a 13-month executive MBA in Canada designed to provide excellent business knowledge and skills. Some important details of the programme include:

• Total Programme Fee: $124,893 (2025 entry year)
• Admission Requirements: More than 8 years of full-time work experience (more than 3 years in a mid-to-senior managerial role) + undergraduate degree + GMAT/GRE

2) University of Alberta Executive MBA

University of Alberta Executive MBA (EMBA) is a 22-month course for senior-level managers. Important details of the course are given below:

• Tuition Fee: $83,197
• Admission Requirements: 2 Letters of Recommendation + Undergraduate degree + GMAT/GRE + Statement of Intent + 15 years of work experience (average)

3) York University Executive MBA

Kellogg-Schulich Executive MBA (EMBA) is offered at York University and has been ranked #1 in Canada by The Economist. Some important details of the programme are given below:

• Tuition: CAD 140,385 (2024-25)
• Admission Requirements: Transcripts + Resume + Essay + 2 Letters of References + Letter of Intent + GMAT + IELTS/TOEFL

4) Queen’s University Executive MBA

Executive MBA at Queen’s University is offered by the Smith School of Business. It is a 16-month programme that can provide an excellent springboard to the careers of its students. Important details of the programme are given below:

• Cost: $105,000
• Admission Requirements: Work experience (10 years average) + Managerial experience

5) Concordia University Executive MBA

John Molson School of Business offers an MBA (Executive) at Concordia University. It is a 20-month programme, which is designed to teach practical business knowledge. Important details of the programme are given below:

• Total Tuition Fee: $75,000
• Admission Requirements: Minimum 5 years of work experience + Bachelor’s degree + GMAT + 2 letters of reference + statement of purpose + English language proficiency

Also Check: MBA in Canada without GMAT

MBA Scholarships in Canada

MBA, being a professional course, has a limited scope of fetching financial aid for international students. However, some students can get scholarships based on their excellent academic background, work experience, and other achievements relevant to the program. Many times students are awarded part waiver because of their top score on GMAT and other academic achievements. Apart from this, candidates can apply to these popular scholarship programs:

• Ontario Graduate Scholarships (OGS): The aim of this fellowship is to provide quality education at the master's and doctoral levels. It is funded by the government.
• University of Waterloo Graduate Scholarship: The University of Waterloo offers this scholarship to meritorious students who are pursuing graduate studies.
• Scotiabank Scholarship: Scotiabank provides a scholarship of CAD 30,000.
• Go Clean Scholarship: This scholarship is awarded to meritorious students who want to pursue their higher studies abroad.

There are various other scholarships such as the Claude Winspear MBA Award, Accelerated Career Scholarship, Robert Krembil Scholarship of Merit, etc. which are provided by various institutions.

MBA in Canada Requirements

It is vital for students to understand the masters in Canada requirements. Some of the basic requirements for getting admission to MBA programs:

• Bachelor’s degree: The candidate must have a bachelor's degree from a recognised university/institution.
• Work experience: For MBA admissions, universities usually give preference to those candidates who have work experience. It is not a mandatory requirement; however, it gives an edge to the aspirants over others. Some universities may keep work experience as a mandatory criterion. The candidates should check the admissions criteria well in advance to avoid last-minute confusion.
• English Language Proficiency: If the candidates belong to a non-native English-speaking country then they need to prove their English language proficiency. They need to secure a good IELTS or TOEFL score for securing admission.
• GMAT/GRE: A good score in GMAT or GRE score is required to get into a top university/college to pursue an MBA program in Canada. Not only does it increase your chances of selection, but also opens up the doors for possible scholarships.

Most universities require candidates to submit a GMAT score for admission. You need to visit the official GMAT website and register for the test. Also, every college has a different GMAT score requirement. So, you must check the average GMAT scores of the universities that you want to target and study hard accordingly.

MBA in Canada: Application Process

As the whole application process is quite lengthy make sure to apply at least 15 to 18 months before the beginning of your target session. Also, you can get the application forms for most of the universities on their official websites.

Documents required for the application process:

• Academic Record: It includes all documents related to your graduate program, including the transcripts.
• Standard Admission tests: GMAT test scores and English language proficiency test (TOEFL/IELTS) scores.
• Financial Documents: Bank statements and financial documents.
• Work Experience: Documents highlighting your work experience.
• LOR: Letters of Recommendation from your existing and previous supervisors. It can be your current and previous managers/supervisors, and your graduate faculty who have judged your work closely. Different universities have different requirements for Letters of Recommendation.
• SOP: Admission Essay or Statement of Purpose: It is one of the key elements of the application. This helps the admissions committee to evaluate the aspirant.  
• Canada Student Visa documents: Documents related to the visa.

MBA Jobs in Canada

There is no dearth of opportunities for the right candidate. MBA graduates receive high salaries in various lucrative roles. After completing their MBA program, they can work in various sectors:

• Finance and Accounting
• Consultancy
• General Management
• IT services
• Healthcare Management
• Education
• Oil and Gas
• Legal jobs

Apart from this, MBA graduates can also work for various departments of the Canadian government and help in running the administration effectively. Moreover, management graduates can also work in technical management, sales, marketing, product, and project management.

Top Companies for MBA in Canada

Some of the top recruiters that hire MBA graduates of Canadian universities are given in the table below:

MBA in Canada: Post-Study Work

International students who pursued their MBA from an institution approved by the provincial or territorial government are eligible to apply for a Post-Graduation Work Permit (PGWP). Those who are pursuing 2 two-year MBA program can stay up to three years after completion of their course. Also, the programs where the time duration ranges from 8 months to 2 years, students can stay up to the length of the study program. Apart from this, qualified students can also apply for permanent residency through the Canadian Express Entry program.

PR After MBA in Canada

After completing an MBA in Canada, students may work for up to 3 years. During this time, they may apply for a Canadian PR. Having completed an MBA, students will be working in TEER 0 (management jobs) or TEER 1 (professional jobs that require a degree from a University) in Canada. They may apply for a Canada under the Express Entry system. The table given below provides the details of the same:

MBA in Canada vs MBA in USA

In this section of the article, we will compare an MBA in Canada with an MBA in USA. We have considered different aspects while comparing both MBAs:

• Course Structure: MBA programs in Canada and the US have very similar academic content and curriculum structures, covering core business disciplines like finance, marketing, strategy, and leadership.
• Duration: MBA programmes in the United States and Canada typically last two years. It should be noted, however, that some MBA programmes in Canada may have shorter durations ranging from 12 to 16 months.
• Rankings & Reputation: MBA programmes in the United States are often more prestigious and internationally recognised than those in Canada. American colleges like Harvard, Stanford, and Wharton are well-known for their MBA programmes and have a long history of distinction. It is worth noting, however, that Canada boasts notable business institutions, such as the Rotman School of Management at the University of Toronto and the Ivey Business School at Western University.
• Cost: The cost of pursuing an MBA in Canada is slightly lower than in the USA. Tuition fees for MBA programs in Canada can range from around $30,000 to CAD 60,000 per year, while in the USA, tuition fees can range from $50,000 to 100,000 USD per year.
• Job Opportunities: MBA graduates will find outstanding work possibilities in both Canada and the United States. The United States has a larger economy and more global firms, which may provide more diverse career opportunities. However, Canada has a strong employment market and is known for its accommodating immigration regulations, both of which might benefit international students wishing to work in the country after graduation.
• Permanent Residency: In comparison to the United States, studying for an MBA in Canada may provide smoother avenues to permanent residency. Canada has a number of immigration programmes and laws that encourage overseas students to stay and work in the country after finishing their education, which can be a big advantage for anyone wishing to start a career in Canada.

For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.