A Master's in Business Administration (MBA) degree is among the most sought-after qualifications in the world. Canada has increasingly become a favourable study-abroad destination, especially for the MBA degrees that its top universities offer. Canada's best MBA programs are known for providing the high-quality education and practical experience needed to excel in the business world.

A Canadian MBA is recognized globally and highly valued by employers worldwide. Graduating with the latest skills and knowledge through the top-ranked MBA programs, International students also get the golden opportunity to apply for a post-study work visa, allowing them to stay in the country for up to three years. The educational aspect and Canadian work experience make it much easier for people to apply for permanent residence status in the country. So, it can be said that if you want to learn from globally renowned universities, get international work experience and settle in one of the thriving economies, studying for an MBA can be your best option, especially if you have a business and entrepreneurial mindset.

If you want to study at the top Canadian MBA universities, book a free consultation with SI-Canada today to start your application.

Top 10 MBA Degrees in Canada

Below are the top 10 MBA programs in Canada (QS Global MBA Rankings 2024: Canada).

1. University of Toronto (Rotman School of Business)

The Rotman School of Business of the University of Toronto is a leading management school that offers a variety of formats to meet your learning goals. The Faculty of Business and Management offers MBAs in different streams, such as Healthcare and Life Sciences and Executive MBAs. During the program, you will master business fundamentals while receiving experiential, hands-on learning opportunities to grow as a leader, followed by an innovative, flexible internship program.

Graduates can opt for supply chain, inventory control, and project management careers after completing their MBA at the University of Toronto (Rotman School of Business). 

• Suggested Course: Full-Time MBA
• International Fees: CA$ 30,600
• Entry Requirements: A minimum GPA of 3.0 or a mid-B average in the final year of a bachelor’s degree in a recognized university | IELTS score of 7.0 overall or TOEFL iBT score of 100 overall, with a minimum of 22 on speaking and writing| a valid GMAT/GRE score or a work experience of minimum 2 years

2. McGill University (Desautels Faculty of Management)

McGill Desautel’s full-time MBA program is designed for students who aim to make a career in a leadership position. The faculty offers an MBA program in various specializations, such as finance, marketing, global strategy and leadership, business analytics, and entrepreneurship. During the course, you will develop real-world experience with industry experts and gain practical skills. You can also access the Global Alumni and Industry Network for career opportunities. After completing the course, you will gain expertise in AI, financial technology, and design thinking. 

• Suggested Course: MBA/Law
• International Fees: CA$ 99,500
• Entry Requirements: A bachelor’s degree from an accredited university, with a grade point average of 3.0 out of 4.0 (B-average) | minimum GMAT scores with at least one year of work experience | Proof of English language proficiency is required

3. University of Western Ontario (Ivey Business School)

Ivey Business School of the University of Western Ontario is among the top of Canada’s business schools. In 2023, the university was ranked first in Canada by Bloomberg Businessweek. Some popular specializations in the University of Western Ontario MBA program include finance, corporate strategy and leadership, and international management. 

What makes an MBA at Ivey Business School different from other universities is its case-method learning, where instead of attending lectures, you are engaged with real-world examples. It is an active learning experience that allows you to learn by doing. Case-method learning is a leadership stimulator that accelerates career development. 

• Suggested Course: MBA
• International Fees: CA$ 129,750
• Entry Requirements: Strong academic background in Bachelor’s degree including GMAT or GRE qualification | IELTS minimum score of 7 in each category or equivalent, TOEFL iBT score of 100 or equivalent

4. University of British Columbia (UBC Sauder School of Business)

The UBC Sauder School of Business is the University of British Columbia business school, established in 1956. The full-time MBA program starts every August and takes place at the Vancouver campus. UBC Sauder School of Business is known for its academic excellence. In the MBA class of 2021, around 92% of the students were employed 90 days after graduation. 

The university offers MBA courses based on your career goals. You can choose from focused specializations and elective courses to choose your career path. The curriculum allows you to sharpen your skills and knowledge in diverse fields, such as climate, finance, product and service management, innovation, and entrepreneurship. 

• Suggested Course: Full-Time MBA
• International Fees: CA$ 99,287
• Entry Requirements: Three or four-year bachelor's degree with a B+ grade or equivalent from a recognized university | GMAT with at least a 50th percentile in the quantitative and verbal section or a minimum GRE score of 605+ | Proof of English language proficiency is required

5. Queen’s University (Smith School of Business)

Smith School of Business is affiliated with Queen’s University at Kingston and ranked #1 in Canada. In 2024, the university has been ranked at the top of the Financial Times Global MBA program. The full-time MBA program at the Smith School of Business is flexible and highly personalized, allowing you to choose the right career path in the business industry. Its curriculum is specially designed to develop exceptional leaders, valuable team members, and highly effective communication managers. 

• Suggested Course: Full-time MBA
• International Fees: CA$ 12,927
• Entry Requirements: A bachelor’s degree in any discipline from an accredited university | Demonstrate a strong background in the English language | Must possess minimum qualifying scores in GMAT/GRE with one year of work experience

6. York University (Schulich School of Business)

The Schulich School of Business at York University is ranked #1 in Canada by the Economist, Forbes, and CNN Expansion. The MBA program at Schulich equips you with specialized knowledge and leadership skills to gain a competitive edge. Working professionals who are willing to enrol for an MBA have the option to opt for Weekend or evening MBA classes. 

Schulich School of Business aims to provide experiential learning. The MBA program combines classroom learning of fundamentals and advanced management concepts with real-world experience. The two-term strategic consulting project allows you to work with clients on real business problems and solutions. You will also have access to the Centre for Career Design (CCD) throughout the program, where you receive the best career advice. 

• Suggested Course: MBA 
• International Fees: CA$ 123,732
• Entry Requirements: Bachelor’s degree with a minimum B+ average in the last two full years of academic study | acceptable scores on all measures of GMAT/GRE | Must have relevant work experience with proof of English language proficiency.

7. University of Alberta (Alberta School of Business)

The MBA program at Alberta School of Business equips you with the skills and knowledge to advance your career. The business school offers full-time, Fastrack MBA, Part-time, and Executive MBA programs with flexibility and a wide range of specializations. You will experience interesting facilities throughout the course, such as dedicated career management programming, a collaborative environment, study tours, and more. 

The Alberta School of Business boasts incredible research talent with small class sizes to foster more personal attention from the faculty members. Graduates get to find jobs within three months of graduation in sectors like marketing, finance, and real estate. 

• Suggested Course: Full-time MBA
• International Fees: CA$ 57,909
• Entry Requirements: Must possess an undergraduate degree with a minimum GPA of 3.0 | GRE/GMAT minimum qualifying scores | Relevant professional work experience and proof of English language skills test

8. Concordia University (John Molson School of Business)

The John Molson School of Business is one of the top MBA schools in Canada, offering full-time and part-time MBA programs. The Concordia MBA program aims to provide a practical and hands-on approach to business education. The MBA course curriculum comprises real-time case studies, enjoying flexible course study while focusing on different management aspects. The 45-credit program comprises 15 courses, including 10 core and 5 elective courses. Graduates can explore many career opportunities while studying in an innovative environment, where they can engage in facilities such as internship, resume and cover letter reviews, networking, and interview preparation. 

• Suggested Course: MBA
• International Fees: CA$53,511
• Entry Requirements: Bachelor’s degree from a reputable university | minimum two years of work experience| Candidates are also evaluated for their performance in GMAT/GRE and IELTS/TOEFL scores

9. HEC Montreal

HEC Montreal is a public business school located in Montreal, Quebec, Canada in 1907. It is one of the global elite universities with three reputable accreditations: EQUIS, AMBA, and AACSB. The business school provides full-time and part-time courses based on your skills and interests. Throughout the course study, you will receive a personalized, constant approach to enrich your learning experience. 

One of the institution's unique approaches is its MBA+, where you can learn French and broaden your management skills with courses in Strategy and Leadership and strategy and Sustainable Development. With placement opportunities in companies like CGI, McKinsey, and KPMG, the MBA program in Canada will allow you to hone skills in the industry.

• Suggested Course: Full-Time MBA
• International Fees: CA$ 59,100
• Entry Requirements: An undergraduate degree from a recognized university| At least three years of professional work experience excluding internships| Qualification in one of the following- GMAT/GRE/TAGE IMAGE| Proof of English language proficiency test

10. McMaster University (DeGroote School of Business)

The DeGroote School of Business MBA program focuses on hands-on learning in a supportive environment. During the full-time MBA course, you will gain an understanding of the business essentials through modern integrated cases and discussion of current market topics.  You will gain the experience and skills necessary in the competitive industry demands and prepare for future career opportunities. MBA graduates will have full access to the services and resources the Career and Professional Development Program team offers. 

• Suggested Course: MBA
• International Fees: CA$ 111,300
• Entry Requirements: Must have completed a Hons Bachelor’s degree from a recognized university with minimum working experience | An overall GMAT score of 600 and proficiency in English (IELTS/TOEFL iBT) is required

Study an MBA in Canada

Begin your application to study for an MBA by arranging a free consultation with SI-Canada today.