Study MBA in Canada for International Students

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29 July 2022 by AECC Global

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Study MBA in Canada in 2022-2023 (Courses, Fees and Salary)

Are you looking forward to studying MBA at some of the best universities in Canada? Canada is really one of the prominent study destinations for international students to study an MBA course. Do you know? As per QS World University Rankings, six of the world’s top 150 universities are in Canada. The university campuses in Canada are some of the most beautiful globally and have excellent infrastructure, facilities and necessities nearby. 

This guide will help you to choose the best MBA courses in Canada with a detailed overview and everything you need to know about. Canada's booming economy and thriving culture is highly spoken of worldwide. The job market is stable as many graduates can easily find jobs in their chosen disciplines, especially if they have an MBA degree in Canada. Let’s now dive into this guide to gain more insights into studying MBA in Canada.

Why Study MBA in Canada?

Why do overseas students prefer to study in Canada for their higher education? The reason is that Canada has one of the most attractive job markets globally, with top-ranking universities and high quality of life. Whatever the reason, students who want to pursue an MBA will find that Canada has much to offer. The average annual fee to pursue an MBA in Canada ranges from 20,500 CAD to 112,000 CAD, depending on your selected specialisation and university. With so much to offer, it's no wonder that Canada is a popular choice for students looking to further their education.

MBA in Canada Highlights

  • In 2021, the Financial Times ranked 11 Canadian universities among the world’s top 200 business schools. 
  • Business management programs are among the most popular courses of study for international students in Canada.
  • The QS MBA Rankings (2021) show that nearly 6 business schools and universities in Canada are ranked within the top 100 globally.
  • There are plenty of great post-study work opportunities for MBA aspirants in Canada! The Canadian government is welcoming to small and medium-sized businesses, as well as startups, which increases the demand for MBA graduates in Canada.

Types of MBA Courses in Canada

  • Full-Time MBA Courses in Canada

If you want to enter the job market in a senior management role, a full-time MBA in Canada could be the right choice for you. With the opportunity to learn about the diversity of the Canadian workforce, this 2-year course is perfect for those who wish to study full-time. To be admitted, international students should expect good scores in GMAT and language proficiency tests.

  • Part-time MBA Courses in Canada

Aspiring managers who want to complete their degree while working full time may want to consider a part-time MBA in Canada. This type of degree can take anywhere from 3 to 6 years to complete, depending on the university you select.

  • Executive MBA Courses in Canada

The Executive MBA program in Canada is the perfect choice for executives and aspiring managers who want to gain senior-level experience. One can complete the program in 20 to 28 months.

MBA Specialisations in Canada for International Students

The Master of Business Administration is now available through a wide range of specialisations. Important factors to consider when selecting specialisations include the area of interest and duration of the course. MBA specialisations in Canada can be broadly classified based on the length of the program. This will give you a better idea of which specialisation is right for you.

Top 10 MBA Specialisations in Canada

  • Finance
  • Analytics
  • Marketing
  • Accounting
  • Data Science
  • International Business
  • Information Technology
  • Healthcare Management
  • Human Resource Management
  • International Business Management

What Exam is Required for MBA in Canada?

Universities in Canada require English proficiency test certificates with TOEFL and IELTS, which students are expected to have.

TOEFL: 90+

IELTS: 6.5 to 7.0

GMAT score is compulsory, where candidates need to score a minimum of 550.

How Many MBA Intakes are there in Canada for International Students?

Canadian Universities offer 3 kinds of intakes such as:

  • Fall Intakes

This is the most popular intake for universities and students, with all courses and programs available. Get a head start on your degree and begin your studies in September.

  • Winter Intakes

International students typically prefer the winter intake, beginning in January. This is usually the second-most preferred choice for those who missed the deadlines for the fall intake.

  • Summer Intakes

Looking to start your university journey in the summer? The summer intake is ideal for those who want to apply for specific programs, as limited seats and courses are available.

List of Core MBA Subjects in Canada

Core MBA Subjects

Customer Behaviour

Taxation

Organisational Behaviour

Auditing

Management Accounting

Global Marketing

Marketing Management

Financial Planning

Financial Management

Corporate Finance

IT Risk Management

Market Research

Human Resource Management

Managerial Economics

MBA in Canada Requirements

Some documents are required to be submitted to study at Canadian Universities. However, requirements may vary from one institution to another. The following is a list of common documents that are typically expected to study MBA in Canada.

  • Student Visa
  • Photographs 
  • Bank Statements
  • Updated CV/Resume 
  • SOP - Statement of Purpose
  • Work experience proof (if any)
  • MBA Essays (might be needed)
  • List of academic certificates and transcripts 
  • LOR - Letter of Recommendation (at least 2)
  • A valid GMAT or GRE score is needed along with English language proficiency test scores such as IELTS/TOEFL.

Best MBA Courses in Canada

1) MBA - Lakehead University

About this course: The MBA program at Lakehead University is top-ranked nationally for its well-rounded curriculum, focus on practical experience and top-notch student support. All of these factors are designed to help you succeed in your degree program and develop your leadership skills. Whether you are just out of college or have been working for years, this MBA program can help you gain new knowledge, change your career, and improve your job prospects. 

MBA - Lakehead University

Intake

Course Duration

Estimated Annual Course Fee

September

1 Year

CAD 21,572

 

Read More: Business Management Courses After 12th

2) MBA - Fairleigh Dickinson University

About this course: With an MBA from Fairleigh Dickinson University, you will have the skills and knowledge necessary to pursue various professional opportunities. The program focuses on developing self-awareness, leadership skills, teamwork, and project management. This course will help you prepare for a career in coaching and talent development, consulting, leadership and change management, or managing human capital.

MBA - Fairleigh Dickinson University

Intake

Course Duration

Estimated Annual Course Fee

January, August

3 Semesters

CAD 66,636

3) MBA - Brock University

About this course: If you're looking for an MBA program tailored specifically for international students, look no further than Brock University. This innovative program combines Business English classes with a comprehensive MBA curriculum and various flexible specialisation options. You'll be attending classes with other international students, ensuring you get the most out of your educational experience.

MBA - Brock University

Intake

Course Duration

Estimated Annual Course Fee

September

21 months

CAD 27,490

 

Read More: Undergraduate Business Management Courses in Canada

4) MBA - University of Windsor

About this course: The MBA program at the University of Windsor is comprehensive and real-world oriented with exceptional student support to help ensure your success. The program focuses on leadership development and is ideal for recent graduates or established professionals. With courses taught by experienced professionals, you will be able to learn the skills you need to succeed in today's competitive business world.

MBA - University of Windsor

Intake

Course Duration

Estimated Annual Course Fee

September

1 Year

CAD 24,000

 

Read More: Postgraduate Business Management Courses in Canada

5) MBA - Vancouver Island University

About this course: This MBA degree from Vancouver Island University will provide you with the skills and knowledge necessary to become a successful manager in a variety of businesses. The curriculum covers many different functional areas of business, giving you a well-rounded international education experience. With this degree, you will be prepared to take on positions of responsibility and leadership in a wide range of organisations.

MBA - Vancouver Island University

Intake

Course Duration

Estimated Annual Course Fee

January, June, September

1 Year

CAD 34,000

6) MBA - Western University

About this course: Are you ready to take your career to the next level? Don't just sit on your ideas; make them happen. Join one of Canada's top MBA programs at Western University and accelerate your career success. This 12-month program is perfect for students who want to achieve their goals quickly, with the help of a top-ranked career management team and extensive alumni network. The career management team can guide job search strategies, interviewing, and networking.

MBA - Western University

Intake

Course Duration

Estimated Annual Course Fee

January, July, September

1 Year

Over CAD 120,000

 

Read More: Diploma Business Management Programs in Canada

7) MBA - University of Regina

About this course: The MBA curriculum at University of Regina is designed to be very flexible in order to support your career goals. The program is divided into two modules - the Foundations Level and Mastery. The Foundations Level provides an overview of key business concepts, while the Mastery module allows you to choose an area of specialisation. Therefore, you will also learn how to manage others in an organisation.

MBA - University of Regina

Intake

Course Duration

Estimated Annual Course Fee

January, May, September

1 Year

CAD 12,902

Top Universities in Canada for MBA

Top Universities in Canada for MBA

Universities in Canada for MBA

Intake

Course Duration

University of Toronto

September

2 Years

Lakehead University

September

1 Year

University of Windsor

September 

1 Year

Western University

January, July, September

1 Year

Brock University

September

21 Months

University of Regina

January, May, September

1 Year

Vancouver Island University

January, June, September

1 Year

Fairleigh Dickinson University

January, August

3 Semesters

Best Business Schools in Canada

SN

Best Business Schools in Canada

1

University of Montreal (HEC Montréal)

2

Western University (Ivey Business School)

3

York University (Schulich School of Business)

4

Toronto University (Rotman Business School)

5

Queen’s University (Smith School of Business)

6

University of Alberta (Alberta School of Business)

7

Saint Mary's University (Sobey School of Business)

8

McGill University (Desautels Faculty of Management)

9

Concordia University (John Molson School of Business)

10

University of British Columbia (Sauder School of Business)

Scholarships for MBA in Canada

There are plenty of scholarships in Canada for international students looking to study in Canada! With over 5000 different types of scholarships to choose from, you're sure to find one that suits your needs. Whether you're looking for a government-sponsored scholarship or something offered by a private institution, there are options out there for you.

 

Scholarship

University/Business School

Cost (CAD)

Ivey MBA Scholarship

Ivey Business School

10,000

MBA Admission Award

DeGroote School of Business

800 to 11,000

MBA Excellence Award

Rotman School of Management

20,000

MBA Entrance Scholarship

Haskayne School of Business

7000 to 12,00

Scotiabank Scholarships

Schulich School of Business

20,000

MBA in-course & Entrance Scholarship

DeGroote School of Business

450 to 1500

Global Business Leader of Tomorrow

Sauder School of Business

9500 to 17,000

Hardeep Grewal MBA Scholarship Endowment

Concordia University

Varies

 

Student Life in Canada

If you're looking for an affordable and high-quality education, Canada should be at the top of your list. The country invests a lot of money in education and its facilities, making it one of the most sought-after studies abroad destinations. Here's a brief overview of what student life in Canada is like.

  • Immigrants have long been welcomed in Canada, helping to create a progressive and multicultural society. 
  • Multiculturalism is one of Canada's defining characteristics, and it is something that students benefit from. It gives them a global perspective and helps them build a stronger network.
  • Students can enjoy countless leisure activities in this beautiful country, from visiting world heritage sites to participating in vibrant festivals. Whether you're looking for adventure or relaxation, Canada has something to offer everyone.
  • Although Canada is widely considered a safe place to live, it actually has one of the lowest crime rates in the world. This is due to a variety of factors, such as the strict ethical code that police officers must follow. As a result, students can feel safe walking the streets even at night.

Cost of Living in Canada for MBA Students

Cost of Living in Canada

Common Utilities

Expenses (CAD)

Shared Flat Rent

$750

Internet Subscription

$81

Local Transportation (Monthly Pass)

$100

Food (Per Meal)

$12

Movie Ticket

$ 14.50

Fitness Club (Monthly Fee)

$52

Milk (1 Litre)

$2.61

Loaf of Fresh White Bread (500g)

$3.07

Rice (White) 1 kg

$4

 

Cheapest MBA in Canada for International Students

 

Cheapest MBA in Canada for International Students

SN

Cheapest MBA Universities in Canada

1

Concordia University - John Molson School of Business

2

Saint Mary's University - Sobey School of Business

3

University of Alberta - School of Business

4

Carleton University - Sprott School of Business

5

Memorial University of Newfoundland

6

Ryerson University - Ted Rogers School of Management

7

University of Calgary - Haskayne School of Business

8

Simon Fraser University - Beedie School of Business

 

MBA Without Work Experience in Canada

There are various universities in Canada that offer MBA programs to Indian students without the requirement of work experience. This provides an opportunity for candidates who wish to pursue an MBA but may not have the necessary work experience.

Universities in Canada that offer MBA programs without work experience:

  • Brock University
  • Dalhousie University
  • Cape Breton University
  • Vancouver Island University
  • Thompson Rivers University

MBA in Canada Fees

To pursue an MBA in Canada, the average tuition fee is relatively affordable, ranging between $30,000 – $40,000. When compared to other study destinations, this makes Canada a more attractive option for many students. The MBA program usually takes 1-2 years to complete.

MBA in Canada Fees (in INR)

As an Indian student, you have several options for low-cost MBA programs in Canada. Fees for these programs typically range from ₹12 to 60 lakh INR. This makes pursuing an MBA a more affordable option than in many other countries.

MBA Salary in Canada

MBA holders in Canada can expect to earn an average salary of CAD 84,000, according to Payscale and Glassdoor. The range is typically between CAD 80,000 and CAD 90,000.

MBA HR Salary in Canada

The average human resources salary in Canada is relatively high. The average salary is $58,400 per year or $30 per hour. However, entry-level positions only start at $43,100 per year, and most experienced professionals earn up to $90,000 per year.

MBA Jobs in Canada

  1. Team Leader
  2. Business Coach
  3. Project Manager
  4. Product Manager
  5. Business Analyst
  6. Business Architect
  7. Market Risk Analyst
  8. Business Consultant
  9. Operations Project Manager
  10. Business Development Executive

Jobs in Canada for MBA HR

  1. HR Manager
  2. HR Consultant
  3. HR Business Partner
  4. Senior Staffing Manager
  5. Talent Acquisition Specialist
  6. Senior Recruitment Executive
  7. Senior Compensation Analyst
  8. Director of People and Culture
  9. Chief Human Resources Manager
  10. Global Head of Talent and Operations

Jobs in Canada for MBA Finance

  1. Finance Manager
  2. Strategy Manager
  3. Venture Controller
  4. Senior Cost Analyst
  5. Senior Instock Manager
  6. Sales Finance Manager
  7. Senior Financial Analyst
  8. Corporate Financial Analyst
  9. Global Finance Senior Analyst
  10. Budgeting and Reporting Analyst

Work Permit After MBA in Canada

There are many reasons MBA graduates choose to stay and work in Canada. The Canadian government has a welcoming policy toward these graduates, making it easy for them to obtain a work permit. By taking some simple measures early on, you can ensure that the process goes smoothly.

We have compiled some important information regarding the Work Permit policy after MBA, which is listed below.

  • As an international student, you have 180 days after graduation to apply for a post-graduation work permit. 
  • With a work permit, you can work for any employer across Canada. So whether you want to stay in your current city or explore a new one, you'll have the freedom to do so.
  • Graduates can get 3 years of stay in Canada through work permits. This permit gives you the advantage of working for any company in Canada for up to three years.

Top Sectors for MBA Students in Canada

  • IT
  • Legal 
  • Retail
  • Finance
  • Banking
  • Marketing
  • Consulting
  • Healthcare

Frequently Asked Questions

To be accepted into an MBA program in Canada, certain requirements must be met. These include high entrance exam scores, such as the GMAT or GRE, and previous work experience.

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There are many ways to secure a job in Canada after completing your MBA. One way is to attend walk-in interviews at companies in your field of interest. Another option is to apply for jobs through Canadian job sites, LinkedIn, and networking. Hence, you need to get a post-graduation work permit to apply for a job.

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A number of business schools in Canada do not require GMAT or GRE scores for admission to their MBA programs. However, there are also some universities and business schools that still ask for these scores.

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Admission requirements for MBA in Canada:

  • Admission interview.
  • 2 recommendation letters.
  • Statement of Purpose (SOP).
  • Prior relevant work experience.
  • Graduate Management Admissions Test (GMAT) score.
  • Bachelor's degree from a recognised college or university.
  • English language proficiency tests such as IELTS or TOEFL.

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The following colleges are the best in Canada for MBA:

  • HEC Montréal
  • University of Alberta
  • Ivey Business School
  • Smith Queen’s University
  • University of Canada West
  • Desautels McGill University
  • Schulich School (York University)
  • John Molson School Of Business
  • Rotman School Of Management (University of Toronto)
  • Sauder School Of Business (University of British Columbia)

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The following MBA specialisations are in high demand in Canada:

  • Finance
  • Marketing
  • Data Science
  • International Business
  • Information Technology
  • Human Resource Management
  • International Business Management

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Fresh graduates have a disadvantage as work experience is typically required for some MBA programs. But, still, several good business schools in Canada offer MBA programs without work experience or GMAT requirements.

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