MBA Colleges in Canada

Going to Canada for an MBA? Find out Top Universities and fee structure for MBA in Canada. ....

Standyou Team
Standyou Team

Dec 23, 2019 10:57:39

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Canada is a hotspot for several international students due to its high literacy rate and low crime rates that make it one of the safest nations in the world. It also offers several scenic and exotic locations and happens to be blessed by nature throughout several provinces. Canada is culturally diverse, and its people are one of the most welcoming and accepting society in the world.
 

MBA in Canada are usually short term and do not even take the entire two years for one to finish their qualification. Hence, to save time, it has become one of the more preferred options for international students. There are also several world-class institutes in Canada that makes it stand as one of the prominent education providers on international standards. While USA and UK remain competitive and highly prestigious with cut-throat competitions and requirements, Canada is one of the more flexible options for quality education for students. Hence we are bringing you the list of MBA college in Canada and their requirements.


Standard Eligibility Criteria for MBA in Canada:


While there is a certain unique requirement each university has, there are some that fall as the standard eligibility. Each of the 150 world-class universities in Canada has these requirements as a minimum qualification to pursue MBA in Canada.

  • A bachelor's degree should be four years of a professional degree, or if you have three years of a degree, then you need one extra year of professional experience.
  • A student requires a minimum of two years of work experience for an MBA in Canada. Some institutes are able to waiver it.
  • GMAT or GRE scores are essential; usually, the range of 650 is a decent grade to be considered for admission.
  • TOEFL or IELTS is required unless the student has graduated from an English-medium institute.
  • Proof of bank statements to show that you’re able to afford the education.
  • CV, Resume or Work Experience letter is important.
  • Letter of recommendation (At least 2) is also important from the respective college you received a Bachelor's Degree from and the company you’ve worked in.
  • Statement of purpose that showcases the reasoning and justifies your future aims should also be provided.

    After all of these documents, you can easily apply and follow the rounds to qualify. You can also employ rolling admission methods. Information about each of these methods is given below in detail. Wait to get a response from the colleges.

 

Cost for living in Canada as a student

As a student, the cost of living in Canada falls anywhere between 15,000 CAD to 30,000 CAD per year, making it one of the most feasible options for people. It comes down to the life choices and the living standard a student is looking to make. A student can also work part-time, legally in order to earn some money and minimalize their expenses. Furthermore, there are several rich scholarship programs available in Canada for the institutes to make education more affordable. Apart from these.

  • If a student decides to travel and go shopping, like a tourist, it would cost around $100 to $200 per day for them.
     
  • Traveling costs anywhere around $5 to $25 per day.
     
  • Meals in restaurants would cost $10 per person.
     
  • A student can also work full-time during the semester breaks and vacations to earn extra bucks.
     
  • MBA summer-time internships and other programs are also paid.

 

 

Top 20 Institutes for MBA in Canada

Ranking

Name

Location

Course

Duration

Tuition Fees Per Year (Approx)

GMAT Score Requirement (Minimum)

1

Rotman School of Management

Toronto, Canada

Full-Time MBA

20 months

$90,000

660

2

McGill University

Montreal, Canada

Full-time MBA

22 months

$70,000

660

3

Ivey Business School

Ontario, Canada

One-year MBA

12 Months

$90,000

657

4

Schulich School of Business

Toronto, Canada

Full-Time MBA

16 Months

$90,000

667

5

Queen’s University

Kingston, Canada

One-Year MBA Program

12 Month

$80,000

650

6

HEC Montreal

Montreal, Canada

One-Year MBA

13 Months

$30,000

637

7

Sauder School of Business

Vancouver, Canada

Full-Time UBC MBA

16 Months

$50,000

647

8

John Molson School of Business

Montreal, Canada

Full-Time MBA

16 to 20 months

$30,000

630

9

Alberta School of Business

Edmonton, Canada

MBA

20 Months

$50,000

610

10

Beedie School of Business

Vancouver, Canada

Full-Time MBA

12 Months

$50,000

618

11

Saint Mary’s Sobey School of Business

Halifax, Canada

Full-time MBA

16 Months

$40,000

597

12

University of Ottawa - Tefler School of Management

Ottawa, Canada

MBA

12 Months

$20,000

605

13

DeGroote School of Business

Burlington, Canada

Full-time MBA

20 Months

$70,000

600

14

Lazaridis School of Business and Economics

Waterloo, Canada

Full-time MBA with Co-op

20 Months

$40,000

600

15

University of Victoria

Greater Victoria, Canada

Daytime MBA

20 Months

$40,000

610

16

Asper School of Business

Winnipeg, Canada

Master of Finance

One Year

$30,000

550

17

Haskayne School of Business - University of Calgary

Calgary, Alberta, Canada

Accelerated MBA

12 Month

$32,000

550

18

University of Windsor - Odette School of Business

Windsor, Canada

MBA 14-month Integrated

14-months to 2 year

$20,000

600

19

University Canada West

Vancouver, Canada

Full-Time MBA

2 years

$35,000

550

20

Memorial University

Newfoundland, Canada

MBA and MBA-SEE

2 years

$20,000

600

 

Rotman School of Management

Rotman’s MBA program falls under the top 100 rankings around the world and lasts up to 20 months. It offers 16 months of the academic curriculum followed by four months of paid internship for adequate experience.

  • Requires at least two years of work experience.
  • On average, students have around five years of work experience.
  • Minimum 3 GPA or Mid-B grade in the final years of Bachelors.
  • GMAT and GRE are required. With average GMAT requirement of 658
  • The average age of students is 27.
  • Session starts in September
  • Deadlines are in October, January and March.
  • Around 50% of students are international

 

McGill University


The university’s MBA program is ranked #1 by Times Higher Education and Wall Street Journal. It is located in Montreal, a city that ranks among the top 5 best cities for students. The university offers a small size for the classes for a better learning experience.

  • The session starts in the month of August.
  • The standard class strength is around 60 students.
  • The average work experience accepted is six years.
  • The average age of students is 28.
  • Around 80% of students are international.
  • There are scholarship programs available.
  • The course is 22 months in duration.
  • Deadlines are usually in October, January, and February.

 

Ivey Business School


Falling in one of the top 80 MBA programs, Ivey Business School offers a one-year of a meticulous program to those who seek to establish themselves as the leaders in their industries. The course offers specialization in over 12 different areas from Accountancy and Analytics to Health care and other managements.

  • The session starts in the month of March.
  • The class contains around 130 students.
  • The average work experience accepted is five years.
  • The average age of students is 28 years.
  • Around 40% of the students are international.
  • There are scholarship programs and specialization programs available.
  • There are four rounds of applications. January, April, July, and September for enrolment.

 

Schulich School of Business


The university falls among the top 100 institutions in Canada for an MBA program. It offers around eighteen different options for specializations and rich internship programs with over 30 countries in partnership for exchange programs. While it costs around $90,000, a student may receive up to $85,000 of scholarship if their academics are eligible.

  • Requires at least Grade B average in Bachelor's degree.  should have completed a degree in the last two years.
  • If the applicant has three years of degree, they need to have one year of additional work experience.
  • Requires at least two years of work experience.
  • GMAT and GRE are accepted with 667 average accepted scores.
  • Around 45% of students are international.
  • The average age of students is 29.
  • Sessions starts in January and September.
  • January session has application deadlines on July, August, September and November.
  • September session has application deadlines on November, January, March and April.

 

Smith MBA at Queen’s University

Falling on the list of top 80 MBA programs is Queen’s one year MBA program. It offers specialization in around 16 different fields like IT, Ventures, Leaderships and standard options.

  • The session starts in January.
  • Each class has around 80 students.
  • The average work experience accepted is 4 years.
  • The average age of the students is 28 years.
  • There are around 35% of international students.
  • One of the highest paying job options at an average of $100,000
  • There are scholarship programs available.
  • The deadline is around January while there are no application fees for MBA.
     

HEC Montreal

  • The one-year MBA program falls amongst the top three programs in Canada and globally recognized by Forbes, Bloomberg Businessweek, and other prestigious enterprises for its outstanding curriculum. It offers classes in dual languages, French or English with excellent placement rates.
  • Session starts in August or September
  • There are around 100 students per class.
  • Average work experience accepted is seven years.
  • The average age of students is 31.
  • Over 60% of students are international.
  • Rich scholarship programs with competitive and feasible fees of $30,000. Lower than other institutes.
  • GRE and GMAT are important, with average score acceptance of 637.
  • There are four application rounds: November, January, March and May.

 

Sauder School of Business


Affiliated with over 77 countries and thousands of enterprises, Sauder School of Business offers 16 months full-time MBA program that prepares a candidate for positions like CEO.

  • Session starts in August
  • The average class has 100 students.
  • Six years is the average work experience accepted.
  • The average age of the students is 29.
  • Around 45% of students are international.
  • There are scholarship programs available.
  • It offers specializations in 10 categories.
  • October and April are the rounds for international students to apply.
  • Application fees is $145 and non-refundable.
  • The last date of document submission is usually in June (1st).

 

John Molson School of Business


John Molson allows students to schedule their MBA classes according to their conveniences but only in part-time MBA that is open for the permanent residents of Canada. For a full time MBA, there is a flexible schedule for the students.

  • The minimum requirement of GMAT is 580, but the average accepted is 635.
  • The minimum GPA requirement is 3.0, but 3.3 is accepted at average.
  • The minimum requirement for work experience is two years but five years is accepted on average.
  • There are scholarship programs available.
  • There are two admissions per year in September and January.
  • Around 10 unique subjects and 4 excellent specialization options to select.
  • March and June are the two application rounds.
  • Application costs around $100.

 

Alberta School of Business


Alberta School is one of the best options as it is located in Edmonton, the capital of Alberta, a very rich and diverse city. The full-time MBA is 20 months program that incorporates all the essential skills for students to become future leaders in sectors like Energy Finance, Business, Strategy and Innovations.

  • The session starts in August or September.
  • There are around fifty students in each class.
  • The average work experience accepted is 5 years.
  • The average age of students is 28.
  • There are around 40% of international students.
  • There are around 20 specialization options available.
  • The average GMAT accepted is 630.
  • The application deadline is June 1st.

 

Beedie School of Business

Beedie offers a full-time MBA of 12 months, where students are free to choose an additional 4 months of internship in their field of specialization (interest). With a higher ratio of international students and fantastic placement rates, it is one of the flourishing universities in Canada.

  • Session starts in September
  • Class size is around 40-50 students.
  • Average work experience accepted is six years.
  • Average age of students is 30 years.
  • There are around 60% of international students.
  • It has around 95% employment rate post-graduation.
  • Twelve options are available for specialization.
  • The three rounds take place in February, April and May.
  • Application fees is $125 for international students.

 

Sobey School of Business, Saint Mary’s University

  • Sobey’s MBA program is designed to help each student individually to turn into world leaders with the compact class sizes of 20-25 students. There are around 25 specialization options available for a student to choose from standard Finance and IT management to Media and Entertainment, Non-profit organization, Banking and much more.
  • Session starts in September
  • Each class only has around 20 to 25 students
  • Average work experience accepted is 4 years
  • Average age of students is 30 years
  • There are around 50 % international students.
  • Scholarship options are available.
  • Application fees costs around $110.
  • Intake seasons are January, May, July and September.
  • There are no rounds, and it takes rolling admission.
     

University of Ottawa - Telfer School of Management


The Tefler’s MBA program is a one year course that integrates latest methodologies and study modules to ensure that the students remain up to date with the management and business sectors. It adapts according to the rapidly changing and evolving industry to offer the students, the best form of MBA education available.

Session starts in September

  • Each class has around 50 students.
  • Average work experience accepted is eight years.
  • Average age of the students is 34 years.
  • There are around 50% of international students.
  • It has a 90% employment rate.
  • There are scholarships available.
  • There are ten specializations to choose from, the standard options.
  • Offers in both English and French language.
  • Deadline is usually in May.
     

DeGroote School of Business


Offering 20 months of the extensive full-time MBA course, Degroot is looking to offer a quality education to nourish students into becoming world-leaders with real, tangible impact with initiative.

  • Session starts in September.
  • Class size is around 200 students per class.
  • Average work experience accepted is 5 years.
  • Average age of students is 26 years old.
  • There are around 51% of international students.
  • It has a remarkable placement rate of 97% (post three months)
  • Offers specialization in accountancy, finance, general management, health care, international business and strategic management.
  • Application deadlines are usually by the 1st of June.
  • Scholarships are available.

 

Lazaridis School of Business and Economics


Lazaridis School boasts a high quality of education as one of the top 20 institutions in Canada for an MBA. While the class sizes are big, it is difficult to get enrollment into this college compared to its competitors.

  • There are two sessions, one in April and other in August.
  • Class size is over 200 students per class.
  • Average work experience accepted is eight years, although the requirement for eligibility is two years.
  • Average age of students is 28 years old.
  • There are around 30% of international students.
  • There are 25 fantastic options available for specialization.
  • Deadline for international students is in January.

 

University of Victoria


Located in Greater Victoria, The university offers a fantastic 20 months (Almost two years) of full-time MBA course. It is a great choice for those who would like to develop their personalities and learn to speak up in class, as it is one of the essentials for receiving credits.

  • The session starts in September.
  • The standard class size is 60 students.
  • The average work experience accepted is 12 years.
  • The average age of students is 35.
  • There are around 50% of international students.
  • It has a placement rate of 95%
  • There are scholarship options available.
  • There are 17 different specialization options available.

 

Asper School of Business


The institute offers a Master of Finance instead of the standard MBA program. IT is a one-year program that prepares a person for Chartered Financial Analyst if they’re looking for it. The program is globally recognized and offers rich prospects in mutual funds, hedge funds, asset management and so on.

  • Classes start in September
  • There are scholarship options available.
  • It is an AACSB accredited course.
  • Offers specialization in around 9 fields.
  • Application deadlines are in May and October.
  • Requires minimum GMAT score of 500 and can’t be older than 5 years.
  • Requires minimum work experience of 2 years.

 

University of Calgary - Haskayne MBA


Haskayne MBA is recognized as one of the top Better World MBAs by Corporate Knights. It offers around eight unique specialization options. The university helps in incorporating leadership skills and also offers an international exchange program.

  • Requires minimum GPA of 3.0
  • Requires at least two years of professional work experience.
  • Requires a minimum 550 in GMAT scores.
  • Requires 97 or higher on the TOEFL over the internet, or 7 and higher in the academic version of IELTS.
  • Admissions are conducted through four rounds. November, January, March and June. Out of which Round 3 is final for international applicants.
     

Odette School of Business


Odette offers flexible MBA Programs that last up to 2 years, as per the student’s requirements. These are highly competitive and selective that will require thorough preparation and at least an average of 70% grades to ensure you get enrolled in the program. One of the best parts about the program is the availability to students without any business background or qualification.

  • Minimum GMAT requirement is 600 or above and 100 in TOEFL with 7 in IELTS.
  • Each class has around 180-200 students.
  • Average work experience accepted is 5 years for standard MBA and 2-5 for Integrated MBA.
  • Deadline for international students is April.
  • Application fees are $150.
     

University Canada West


University Canada West is one of the highly decorated platforms to pursue MBA from as it offers multitudes of options with flexible specialization options that prepare you completely for the future endeavors. It houses some of the best award-winning faculty members around Canada.

  • It requires GMAT at an average of 550.

  • Requires other qualifications like TOEFL and IELTS.
  • A minimum GPA of 3.0 is required with a bachelor’s degree.
  • At least three years of experience is required to apply.
  • Application fees are $150.
  • There are no application deadlines as the university uses rolling applications
  • Around 40% of students are international

Memorial University


Memorial University offers flexible MBA Programs for international students, especially MBA and MBA-SEE, that can last two years or a single year. These programs cover all the subjects and prepare them to flourish as leaders according to Canadian standards.

  • The class comprises of 10-40 students.
  • Requires TOEFL of 92, IELTS of 7 and GMAT of 550. These are the minimum requirements.
  • The average work experience accepted is 5 years.
  • The average student age is 28.
  • The average GMAT Score accepted is 575.
  • Application deadlines are in September, January and May.
  • Over 20 courses are available to choose a specialization in.
     

What are Rounds in the Application process?


There are usually three standard rounds for admission application in Canadian Institute. You have to start with Round 1 and each round has a different requirement. Some institutes have four rounds, and even and ‘early-bird’ round for people.
 

  • While you can apply for early bird, if you miss it, then you can still apply for Round 1.
  • Only after qualifying for the previous round, can you move forward with the application to the second round.
  • You have to qualify all of the rounds to be considered for admission.
  • It can get rather extensive and exhaustive, but it is a requirement. Most of the rounds are easy as long as you have all the required documentation ready.
  • You could not apply for the next round if you didn’t qualify for the previous round.

 

An important point to note is that each round has a deadline, and the application will only be reviewed after the deadline. So, there is no benefit to applying earlier than the deadline. Early-bird type rounds also have a deadline date that is required to be followed.



The benefit of Round Application

The round application takes months to qualify for and may take an entire year in some cases. However, if you pass the first round, it means that you can easily apply for Visa and other formalities and start accumulating funds to study MBA in Canada. This is the primary benefit of round application, and as you pass other rounds, you will grow to have adequate confidence and you will have sufficient time to prepare for each round in advance. Hence, it is very convenient for students overall.



Rolling Applications

There is an option of rolling applications for the students that do not want to apply via the traditional round process. Several institutes employ this method to offer ease to other ambitious students who fail to learn about the round process and could not participate for one reason or another. Rolling Applications is where you submit your application with a forum and all the essential documents to the university and they will review it within four to six weeks. You will receive your answer after that. It is a great asset to use, especially during slow seasons for universities if you are seeking to get an admission. However, some strict Universities do not accept rolling admissions, or usually require strong reasoning behind rolling admission. There may not be enough seats available at times, as well. Since rolling applications are sudden, if you get accepted, you may have to rush Visa and other processes. Best way to prepare for rolling applications is by getting all the documents, including Visa, ready beforehand.

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