- Lovish Rawal
- May 2, 2022
- 6:18 pm
- No Comments
So you’re thinking about pursuing an MBA in Canada?
But you’re still not sure if it’s the right choice for you to make…
Here’s a total breakdown of all the details you need to know to decide for yourself (with the data to back it all up).
So first, let’s start with the basics.
Why MBA in Canada?
Is an MBA in Canada really worth it?
Despite the traditional popularity of the U.S. and Europe as destinations of choice for an MBA, Canada is slowly becoming a hot spot for many MBA applicants from around the globe.
Let’s look at some cold hard stats that tell us why.
1. Top college ranking.
Almost 50 universities in Canada offer MBA programs.
And 7 of them are ranked in the top 150 universities in the QS World University Rankings 2022.
2. Wide range of specialties and program options
Canada offers MBA degrees in a wide range of specializations, and in a wide range of study options.
In terms of MBA specializations available in Canada…
You have the classics like:
● MBA in General Management
● MBA in Entrepreneurship
● MBA in Finance
● MBA in Economics
● MBA in International Business
● MBA in Supply Chain Management
And then also the more niche options that are now growing in popularity and demand, like:
● MBA in Business Analytics and Big Data
● MBA in Information Technology (MIS)
● MBA in Environmental Management
● MBA in Healthcare / Pharma
● MBA in Sustainability / Social Entrepreneurship
● MBA in Tourism
● MBA in Non-profit Management, etc.
And as for your program structure, Canadian universities offer you the following options:
● Full-time MBA: The course duration is 2 years. This is best for those who are looking to shift fields or enter the job market directly in a management or leadership role.
● Part-time MBA: Course duration is anywhere from 3-6 years. This kind of program is best for people who want to continue working while they pursue their MBA. But keep in mind that the visa requirement of international students might not allow them to join such courses.
● Executive MBA: This kind of program is exclusive to only experienced executives and aspirants with industry experience, who want senior managerial-level experience. This kind of program can take anywhere from 12 – 18 months.
3. Lower college tuition fees
Beyond the range of MBA options available, Canada is an incredibly affordable destination for international MBA aspirants.
So how much does an MBA cost in Canada?
The average tuition cost of an MBA in Canada is around $30,000 – $40,000. Having said this you will also find universities with tuition fees as low as $20,000 and those that cost up to $120,000 too.
So if affordability is a criteria, you will be sure to find a college that fits your budget and goals.
And when compared to the American MBA tuition fees that average around $60,000/ year, that’s practically a steal.
4. Affordable cost of livingThe average cost of living in Canada is also much more affordable compared to other popular MBA destinations.It will cost you an average of $2611 per month for all your living expenses in Canada.Compare that to the average monthly living expenses of $3189 for a single person living in the U.S.
5. Jobs opportunities after an MBA in Canada
Canada is a booming job market and economy. So highly-skilled MBA graduates in Canada are never short of job opportunities.In fact, Canada boasted a low unemployment rate of 5.67 percent even during the COVID-19 pandemic.The Canadian job market is dominated by SMEs (Small – Medium Enterprises) that make up around 60% of the job market. Just these SMEs have a demand for more than 150,000 professionals every year.Aside from these, many MBA grads go on to work with larger corporations as well, who are the top recruiters in major cities like Toronto, Vancouver, and Montreal. We are talking about the likes of Microsoft, Google, EY, IBM, Morgan Stanley, Deloitte, InBC Investment Corp, General Mills, Amazon, RBC Bank, Siemens, etc.
Among jobs for MBA grads, consulting and finance jobs are among the most popular, followed by tech management.
6. Post-college salary for MBA graduates in Canada
According to Payscale, the average salary you can expect after an MBA in Canada is 83,000 CAD/ year. And some competitive roles even offer salaries in the range of 100,000 – 150,000 CAD per ear for experienced candidates.
But if you want to get more specific, here are the average salary packages for graduates from some of the top B-schools in Canada.
● University of Toronto – 134,000 CAD
● Queens University – 122,000 CAD
● Western University – 135,000 CAD
● McGill University – 149,000 CAD
● York University – 178,000 CAD
The average salary in Canada is 69,570 CAD per year. So as an MBA graduate you will already be earning above average salary right after graduation in Canada!
But numbers don’t always paint the full picture. So let’s look beyond the quantitative stats, and into what Canada offers to you outside of the dollar bills.
For that, we must go beyond just the campus experience.The city and country you’ll be studying in will have a major impact on your overall college experience. And on that front, you’ll find it hard to beat Canada.
Canada ranks 10th in the Global Peace Index 2021, and is undoubtedly one of the safest countries to live in!
And the World Happiness Report 2020 (by the Sustainable Development Solutions Network) ranked Canada as the 11th most ‘happiest country in the world”. Putting it higher than the US, the UK, and even Germany.
It is a beautiful destination that offers you a fabulous quality of life across the country. From the jet-setting Toronto to quaint Quebec, you’ll find the city of your dreams no matter what pace of life you prefer.
And with the stunning evergreen forested mountains, vast lakes, quiet towns, and more, you’ll have no end of choices for places to explore.
But as an international student, more specifically as an Indian student, is Canada your best choice?
Is Canada a friendly and safe place to be for Indian students?
Benefits of pursuing an MBA in Canada for Indian students
1. Strong community, diverse culture, and support.
Canada is known to be a very welcoming country for any newcomer. Its demographic composition is “ethnically heterogeneous”, and Canada is filled with people from many different nationalities and cultural backgrounds.And as an Indian student, you couldn’t be in better hands.There are more than 1 million registered Indians living in Canada, and Indian-Canadians are one of the fastest-growing communities in Canada.Just look at the concentration map of Indians in Canada for the clear big picture…
Canada contains the world’s 8th largest Indian community, and they have good representation politically too!In fact, in 2021’s parliamentary elections, 17 Indo-Canadians have been elected as MPs. This includes Defence Minister Harjit Sajjan, Anita Anand, and the first non-white New Democratic Party leader Jagmeet Singh.And universities reflect this cultural diversity too.Most universities have strong Indian communities, that offer support and guidance to new Indian students in the country.2. Easy and affordable (study permit) visa processCanada makes it extremely easy for students to obtain a study permit (visa) after they have gotten an admit.To start with the visa fees for the Canadian study permit are just 150 CAD ($112).You only need to fill in a basic Canadian Student Visa Application Package from the Citizenship & Immigration Canada website. And finally, you are required to submit your biometrics. No stressful visa interviews for you to get through!And now made even easier with the Student Direct Stream for Indian students.
3. Potential for a future in Canada post-graduation
It’s not just the visa application process that’s easy in Canada.
Those who wish to stay back and work, or even immigrate in the country will also find Canada to be an extremely convenient option.
International students who pursue their MBA from a university that is approved by the government are eligible to apply for a Post-Graduation Work Permit (PGWP) in Canada. This means that once you graduate from a 2 year MBA program in Canada, you can stay and work there for up to 3 full years. Or for as long as the duration of your program, if your course was in between 8 – 24 months.
Apart from this, you can easily apply for a Permanent Residency (PR) through the Express Entry program or the Candian Experience Class. And the immigration process for MBA graduates in Canada is much easier compared to other countries like U.S. or Europe.
Want proof in numbers? In 2021, nearly 100,000 Indians became permanent residents of Canada.
So is an MBA worth it in Canada for Indian students?
After all this, we think yes.
But moving forward, what do you need to be eligible to apply for an MBA in Canada.
MBA in Canada requirements
Each university will have its own set of specific eligibility requirements for MBA applicants. But here are the most common requirements for applying to an MBA program in Canada as an Indian student.
● Bachelor’s degree (in any discipline) from a recognized institution. (Most B-schools ask for a 4-year bachelor’s degree, but some also accept 3-year degrees.)
● Relevant work experience in a related field. (B-schools prefer students with a minimum of 1-year work experience for an MBA.)
● English language proficiency tests scores (usually IELTS). Each institution will have its own minimum score requirements for this.
● A good GMAT score. This is not a mandatory requirement for all colleges, but top Canadian B-schools prefer students with a competitive GMAT score.
Top universities for MBA in Canada
This is a list of the top-ranked universities in Canada for a full-time MBA program, as per the QS World University Rankings 2022:
#1. Rotman School of Management (University of Toronto, Toronto)
#2. Smith School of Business (Queen’s University, Kingston)
#3. Ivey Business School (University of Western Ontario, London, Ontario)
#4. Desautels Faculty of Management (McGill University, Montreal)
#5. Schulich School of Business (York University, Toronto)
#6. Sauder School of Business (University of British Columbia, Vancouver)
#7. Alberta School of Business (University of Alberta, Edmonton)
#8. John Molson School of Business (Concordia University, Montreal)
#9. HEC Montreal (Université de Montréal . Montreal)
#10. Rowe School of Business (Dalhousie University, Halifax)
Now keep in mind that, while we’ve listed the top 10 universities in Canada for an MBA, this is by no means a comprehensive list.
QS creates these rankings based on thought leadership, return on investment, employability diversity, entrepreneurship, and alumni outcomes.
But even this comprehensive analysis does not guarantee that the #1 university will be the best fit for your unique needs and priorities.
Your top priority might be low tuition fees, great placement opportunities, or the availability of your specialization.
So to find a list of best-fit colleges for your specific needs, we recommend you use a smart tool like SelectRight. This allows you to run through 6 million data points across 10,000+ STEM, CS & MBA programs to give you transparent and unbiased recommendations on the best-matched programs for you.
Plus you will also get access to actionable advice from alumni and students of that university, to boost your chances of getting as admit.
So, ensure you make smart college choices, to make the most of your MBA in Canada as an Indian student.
All the best!
Canada is considered as the top 5 preferred places for International students to pursue Management programs. This is mainly due to the excellent history of academic programs from the Leading Universities in Canada.How Indian students get admission in MBA in Canada? ›
- Student must have bachelor's degree from a well recognized institute.
- Student must have proof of relevant work experience. (if any).
- Proof of English language proficiency test is compulsory.
- GMAT score card is necessary to reserve seat in top Canadian University.
|Rank||Institution||# of Study Permits|
|2||St. Clair College||5,161|
Is MBA free in Canada? No, MBA courses are not tuition-free in Canada but there are copious affordable MBA courses offered by many Canadian University like Laval University, Concordia University, University of Calgary, Ryerson University, University of Waterloo, etc which you can opt for.How much does MBA cost in Canada for Indian students? ›
|Course||Average Tuition Fees per annum|
|MBA||CAD 28,000 (INR 14,75,000)|
|Executive MBA||CAD 29,000 (INR 17,51,351)|
|Law||10,000 CAD to 55,000 CAD (5,50,000 INR-30,00,000 INR)|
|Engineering||19,301 CAD (INR 11,57,152)|
In India, only students doing MBA from top universities get an average package of Rs 15–20 lakhs, while an average package of around Rs 6–10 lakhs from other private colleges. Thus in terms of employability and salary expectation, MBA in Canada is advantageous in comparison to MBA in India.Can I settle in Canada after MBA? ›
With a course duration of MBA program being two years, you can expect a Canada work permit of up to 3 years. With a work permit of 3 years, aspirants are allowed to work and live in Canada legally. During these working years, you can apply for Canadian permanent residency as you have the number of years of experience.Is it easy to get job after MBA in Canada? ›
Jobs in Canada after MBA are lucrative and offer a huge opportunity for MBA graduates. Canada is not just a popular study destination but because of immigrant-friendly policies, it has become a preferred destination for job seekers as well.Which exam is required for Canada MBA? ›
Admission requirements for MBA in Canada
Graduate Management Admissions Test (GMAT) score. Previous relevant work experience. English language proficiency test, like IELTS or TOEFL. Statement of Purpose.
The MBA application in Canada in most schools will require the applicant to submit a Graduate Management Admission Test (GMAT) score as part of their respective applications.
Yes, admission into MBA in Canada without GMAT and work experience is possible in some universities. Some of these universities are Thompson Rivers University, Cape Breton University, Brock University, Vancouver Island University, etc.Which Canadian city has maximum Indians? ›
With a large population of Canada belonging to Indian origin, life in Canada for an Indian Student becomes a bit easier. To begin with, your life in Canada as a student can visit the International Student Office to find accommodation.Is Canada costly for Indian students? ›
According to AECC Global, you should budget between $7,000 and 20,000 Canadian dollars (CAD) per year to cover the costs of accommodation, food, and mandatory health insurance. Still, you should also account for your tuition fees, as well as any applicable student, administration, application, or permit fees.Which university is cheapest in Canada for MBA? ›
- Laval University.
- Wilfrid Laurier University.
- Saint Mary's University.
- Memorial University of Newfoundland.
- Asper School of Business, University of Manitoba.
- University of New Burnstick.
- University of Victoria.
- University of Calgary.
A job aspirant can earn around CAD 1,33,000 (INR 78,19,781) per year after completing MBA in Canada. Study & Settle in Canada – Know where to start!Which MBA is in demand in Canada? ›
Ans. The top MBA specializations in terms of average salary of MBA in Canada are Finance, Marketing, Human Resources, International Business, Operations, Supply Chain Management, etc.How much bank balance is required for Canada student visa? ›
|Persons coming to Canada||Amount of funds required per year (doesn't include tuition)||Amount of funds required per month (additional to the tuition)|
|You (the student)||CAN$10,000||CAN$833|
|First family member||CAN$4,000||CAN$333|
|Every additional accompanying family member||CAN$3,000||CAN$255|
IELTS score needed for MBA:
International students need an IELTS score of 7.0 [with no band less than 6.5] and above. Only Academic module of IELTS is accepted.
Ans: Norway and Germany are the cheapest countries to study MBA. Since they do not charge a tuition fee.
In the 2022 Global Peace Index, Canada is ranked in 12th position while India is ranked 135 among the 163 countries surveyed. This means that in 2022, Canada is one of the most peaceful and safest places to live, while India is one of the least safe places.Is MBA better in US or Canada? ›
With the United States being home to almost 50% of top universities offering MBA as per the QS Global MBA rankings 2021, the country is likely to be the first choice of every study abroad aspirant.Which country is best after MBA for Indian students? ›
The United States of America is at top of the list of top 5 countries to study MBA abroad. The USA has some of the world's top-ranked universities that offer the best Master of Business Administration programs to international students.Can I get PR after 1 year study Canada? ›
One of the best ways to get permanent residency after 1-year study program is to apply for the Post Graduate Work Permit after completing your study program. This will not only help you to gain valuable Canadian work experience but also it will help to improve your Express Entry profile in terms of the CRS score.Can I work full time while studying MBA in Canada? ›
Most of the international students studying MBA in Canada have the option to work for up to 20 hours per week and also they can work full time during their semester breaks, without having a Canadian work permit.How long can I stay in Canada after MBA? ›
Interested in working in Canada after earning your business master's or MBA? You can obtain a Post-Graduate Work Permit (PGWP) after your studies, allowing you to work anywhere in Canada for up to three years—depending on the duration of your program.Which MBA is best in Canada? ›
- University of Toronto – Rotman School of Management.
- Queen's Smith School of Business.
- Ivey Business School.
- Desautels Faculty of Management.
- Schulich School of Business.
Table of Contents
- MBA in Digital Marketing.
- MBA in Business Analytics.
- MBA in Data Analytics.
- MBA in Entrepreneurship.
MBA in Canada for international students is often a preferable decision over other countries as it offers a high pay-scale structure compared to other countries. Moreover, Canada's education cost is lower than the US MBA Programs.Is it hard to get MBA in Canada? ›
While getting into university in Canada is generally easier than being accepted to university in the US, and MBA acceptance rates are higher in Canada, competition at top MBA programs in Canada is still tough. On average, Canada's most competitive MBA programs have acceptance rates of below 50%.
Cost of studying MBA in Canada
To study MBA in Canada, the average tuition fee ranges between $30,000 – $40,000 per annum, which is considered more affordable than in other study abroad countries. Typically, completion of an MBA degree takes about two years.
Is GMAT Required for MBA in Canada? Yes, most of the business schools and universities offering MBA in Canada require GMAT or GRE scores.Which university in Canada is easiest to get into? ›
- Wilfrid Laurier University. Acceptance rate: 89% ...
- Lakehead University. Acceptance rate: 83% ...
- Ryerson University. Acceptance rate: 80% ...
- University of Guelph. ...
- University of Lethbridge. ...
- Memorial University of Newfoundland. ...
- University of Manitoba. ...
- University of Saskatchewan.
GMAT can be considered to be easier than the CAT exam. However, more or less the syllabus of the management entrance exam is similar.Is GMAT exam tough? ›
GMAT is taken by more than 200,000 people annually and only 6% of the total takers score 720 or more. What we can understand from these data points is that GMAT is a hard exam and it takes effort to score 700+.Which place is best to settle in Canada? ›
Ontario is by far the most popular province for new immigrants coming to Canada. In 2021, Ontario received about half of all new Canadian permanent residents. Ontario's most popular city is also the largest in Canada.In which state of Canada is easy to get PR? ›
👉 Ontario Immigration Nominee Program (OINP) or Ontario Provincial Nominee Program (OPNP): Ontario PNP offers bright opportunities to immigration aspirants and is considered as an easy province to get PR in Canada. This largest Canadian province is famous for easy rules, quick immigration process and high rate of ITA.Where do most Hindus live in Canada? ›
It is estimated that approximately 8000 to 10000 Nepalese Hindus are residing in Canada with their main concentration in Toronto, Calgary, Vancouver, Edmonton and Montreal.What are the disadvantages of studying in Canada? ›
- Expensive Tuition Fees and Cost of Living. You are expected to pay CAD 6,000-10,000 per semester in Canadian Universities. ...
- High Tax Rate. ...
- Extremely Cold Weather. ...
- Different Culture and Lifestyle. ...
- Working While Studying.
- Canada Gets REALLY COLD. ...
- Getting Around Between Cities can be a Problem. ...
- City Life is Expensive. ...
- Taxes are higher Too. ...
- Limited Availability of the Goods You're Used to. ...
- Houses are Expensive and Getting Even More Expensive. ...
- Healthcare Can Come with Delays. ...
- You may have to learn some French, Oui.
Most international students opt to apply for a permanent residence (PR) in Canada after completing their graduation. However, one of the common challenges observed is lack of clarity on the local labour market and difficulty finding jobs more suited to their field of study.How many rupees need for study in Canada? ›
International students require between 7.63 lakhs to 20.55 lakhs per year to cover it. Thus, the average cost of studying in Canada's best colleges in terms of tuition fees can reach 18,84,000 INR.Can I study in Canada without ielts? ›
Many Canadian institutions accept international students into their courses without requiring IELTS scores. Besides IELTS, universities accept many other tests, such as TOEFL or Canadian English Language Proficiency Index Program (CELPIP), apart from their English learning programs.How much bank balance is required for Canada? ›
|Number of family members||Funds required (in Canadian dollars)|
Therefore, the overall cost of MBA in Canada can be summed up as 1,20,000 CAD to 2,00,000 CAD per annum, ie, 70,00,000 INR to 1,20,00,000 INR.How much is MBA in Toronto? ›
|Total academic fee||2nd year academic fee|
|Canadian citizens and permanent residents||CAD $92,540 USD $72,404||CAD $46,270 USD $36,202|
|International students on a study permit||CAD $133,740 USD $104,639||CAD $67,530 USD $52,836|
A. Yes, a foreign MBA is acceptable in India as this comes with greater benefits like a higher average salary. You will have various job opportunities after completing an MBA abroad.Will an MBA get me a job in Canada? ›
The Master of Business Administration degree, or MBA, is one of Canada's most preferred and famous courses. The reason is that students can get plenty of job opportunities after graduating, helping them climb to the top of the executive ladder.What is the fresher salary in Canada? ›
Freshers Salaries in Canada
The national average salary for a Freshers is $57,150 in Canada. Filter by location to see Freshers salaries in your area. Salary estimates are based on 24,624 salaries submitted anonymously to Glassdoor by Freshers employees. How accurate does CA$57,150 look to you?
Work permit (including extensions) – per person Canadian dollar 155, then 9 608 Rupees INR (current exchange rate).
You must have proof of a Canadian bank account that is in your name; You must have a Guaranteed Investment Certificate (GIC) issued by a Canadian financial institution. You must have proof that you have taken a student loan from a bank. You must have bank statements for at least the past 4 months.Can I take my family to Canada on student visa? ›
Can I bring my family with me? Yes, you may be able to bring your spouse or common-law partner, and dependent children, with you to Canada. They may be eligible for a study or work permit, or a visitor visa. You must submit their applications online when you apply for your study permit.Is IELTS Canada difficult? ›
Many people find this test section one of the hardest if they haven't prepared ahead of time using test prep tools, or by listening to English music or by watching English television shows. This section of the exam requires you to complete two writing tasks.Can I get Canada visa without IELTS? ›
Yes, you can get a Canada study visa without IELTS.Which country is best for MBA without IELTS? ›
Apart from this, students can also choose their desired university from countries like Australia, the UK, Canada, Germany, and Norway, as many universities in these countries also grant admission without IELTS or TOEFL. For this, students must attend a Pathway program, which usually lasts nine to fifteen months.Which country gives easy student visa for Indian? ›
A: Undoubtedly, you need to put some effort to acquire a student visa for any country, however, the most prominent options to accomplish easy attainment of student visa as an Indian student are Australia, Canada, and New Zealand.Is it better to do MBA in India or abroad? ›
This is an entirely different assumption altogether and the answer is simple – if you can afford it, a mid-level university abroad is better than an MBA from a private institute in India. Simply put, the return on investment is better. Some abroad universities offer MBA programs at a much lower cost than expected.How can I study MBA for free in Canada? ›
FAQs. Can I do MBA for free in Canada? No, however, there are many affordable universities for MBA in Canada like Laval University, Concordia University, University of Calgary, Ryerson University, University of Waterloo, etc.How much Indians are earning in Canada? ›
How much does a Indian make in Canada? The average indian salary in Canada is $34,125 per year or $17.50 per hour. Entry-level positions start at $29,250 per year, while most experienced workers make up to $46,800 per year.Which area is good for Indian in Canada? ›
1. Toronto. Toronto is the most popular choice among many Indian immigrants because of the plethora of job opportunities available in the city. This city is the capital of the Ontario province and is also home to people of many cultures, making it culturally rich and diverse.
United States. The US is top of the list once again. The nation originated the degree, and boasts many of the world's most highly-ranked business schools, with alumni as significant as former US presidents. MBAs in the country typically run for two years and include an internship during the summer months.Is MBA better in UK or Canada? ›
Most Canadian MBA universities are preferred options because of the high-quality learning experience through the updated curriculum. Business Schools in Canada, all have global rankings which assure the best education for the students.Which country is best for MBA for Indian students? ›
The United States of America is at top of the list of top 5 countries to study MBA abroad. The USA has some of the world's top-ranked universities that offer the best Master of Business Administration programs to international students.Is it beneficial to do MBA from Canada? ›
The cost of studies and the cost of living is much lower in Canada than in many different study destinations. Quality Education: It offers internationally recognized degrees with quality education and excellent career opportunities. This enhances students' earning potential.Is it worth studying in Canada for Indian students? ›
Canada is sought after by many students as well as professionals for higher educational studies and job opportunities. People are considering Canada over other countries for their future prospects. Life and education in Canada encourage international students to migrate there in search of opportunities.What is MBA salary Canada? ›
The average mba salary in Canada is $63,853 per year or $32.75 per hour. Entry-level positions start at $51,946 per year, while most experienced workers make up to $87,610 per year.Which MBA has value in Canada? ›
Top 5 MBA colleges in Canada
University of Toronto – Rotman School of Management. Queen's Smith School of Business. Ivey Business School. Desautels Faculty of Management.
Admission requirements for MBA in Canada
Bachelor's degree from a recognized university or education institution. Graduate Management Admissions Test (GMAT) score. Previous relevant work experience. English language proficiency test, like IELTS or TOEFL.
Ans: Norway and Germany are the cheapest countries to study MBA. Since they do not charge a tuition fee.Which field of MBA has better scope? ›
Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students. However, with time and especially post COVID, business needs are changing.
Stepping Stone to Permanent Residence
The degree will be a virtual shortcut to permanent residence in the country. A specialized degree like MBA can easily lead to a job offer in Canada, which means an immediate addition of 200 points to your Express Entry CRS score.
Education in Canada can cost anywhere from 10 lakhs to 40 lakhs INR for an international student. The tuition fee for an UG courses in Canada varies from 5 lakhs to 10 lakhs INR per year. Student accommodations in Canada can cost 1.4 Lakhs to 5 lakhs a year (based on the choice of accommodation).Is student life hard in Canada? ›
The lifestyle in Canada is enriching and rewarding for international students from across the globe. Canadian universities and colleges are packed with world-class facilities, sports, extracurricular activities, and cultural programs to keep international students integrated with Canadian culture.