- English language tests:
- IELTS - 7.0
- TOEFL- 100 iBT
- GMAT: range of 655 to 680.
- Original and official transcripts of marks earned from previous institutions are to be sent directly to Canadian university after receiving and accepting an admission offer.
- University Health Insurance Plan (UHIP) is mandatory for all International Students studying in a university in Ontario, it covers all health services’ cost. Students considering Rotman, Ivey, and Schulich will need it and for Desautels applicants, IHI is required.
- Location: Toronto, Ontario
- College: University of Toronto
- Duration of MBA: 18 months (full-time)
- What’s the global MBA rank by QS: 43rd
- A bachelor’s degree with a minimum average of B score in the final year (or equivalent).
- An average GMAT Score of 672.
- The college asks you to upload one to three pictures to write an essay that explains the “spike factor” of the student.
- Reflection question which describes 3-5 characteristics of the student.
- Two professional recommendations.
- A video interview.
- Two years of work experience as a full-time employee (not mandatory).
- Application process -195 CAD$.
- A full-time academic fee - CAD $120,680 (both years).
- The ancillary and incidental fee - CAD $650 and CAD $1,600
- Quality of Life- around CAD $20,856 to $28,756 (Health insurance, conveyance, food, accommodation, etc.)
- The Chung Entrance Scholarship: 10,000 CAD (academic merit and financial need).
- International Peace Scholarship Fund : $12,500 CAD ( aid to women and funded by the P.E.O).
- Median base salary: CAD $85,000 plus signing bonus : CAD$13,500.
- Location: Montreal, Quebec
- College: McGill University
- Duration of MBA: 20 months (full-time)
- Global MBA rank by QS: 60th
- A bachelor’s degree (or any higher education).
- An average GMAT Score of 681.
- An essay along with extracurricular activities.
- Two years of work experience as a full-time employee is mandatory.
- 2 letters of reference.
- Application process: CAD$ 105.80.
- The total tuition fee (MBA): CAD$ 89,000. It includes the international trip that is part of the degree but doesn’t include ancillary charges.
- The living expenses are:
- Accommodations (includes food): CAD $9,000 to $14,500
- Public Transportation: CAD $996
- Books: CAD $2,000
- Personal Expenses: CAD $2,000
- Adam Dinkes MBA Leadership Award: $10,000 CAD (for entrepreneurship).
- MLV & Co MBA Leadership Award: $20,000 CAD (Academic merit and leadership skills.
- Average base salary: CAD$ 85,000 , Signing bonus: CAD$10,000.
- Location: London, Ontario
- College: University of Western Ontario
- Duration of MBA: 12 months (full-time)
- What’s the global MBA ranking by QS: 60th (tied with Desautels)
- Two essays and two video questions.
- Two years of work experience as a full-time employee is mandatory.
- References from two people.
- Application fee of CAD$150.
- The tuition fee for the whole program for an overseas student is near 111,750 CAD excluding the ancillary fee, charges for UHIP or the optional Preparatory Knowledge Program.
- One year living expenses: around CAD$27,000.
- The institution automatically considers all exceptional international students for an admission award. The reward can range from CAD$10,000 to half of the tuition.
- Another scholarship it awards is Ivey Global Leader Award, Value: $50,000 CAD for students from Africa, Asia, Europe, South America, or the Caribbean.
- Average salary: $103,000 CAD.
- Location: Toronto, Ontario
- College: York University
- Duration of MBA: 16 to 20 months (full-time)
- What’s the global MBA rank by QS: 76th
- An undergraduate degree with an average score of B (or an equivalent).
- An average GMAT score of 670.
- Two years of work experience as a full-time employee (mandatory).
- Two letters of reference.
- 2 written short essays followed by two video questions and then another written and timed essay.
- Application fee: CAD$150.
- Tuition fee: Approximately CAD$101,900. The figure encompasses the ancillary and referenda fees that the college charges but not UHIP.
- The living expenses for the complete four terms (one term = 4 months) would be:
- Books/Course Materials: CAD $3000
- Rent (on campus): CAD $20,000
- Rent (off campus): CAD $8000 - $19,200
- Food: CAD $6,000
- Personal: CAD $4,000
- Robert Krembil Scholarship of Merit: Full domestic tuition + living subsidy of approximately $82,400 over two years (academic standing, two years of work experience, communication skills, leadership ability, and contribution within the community).
- Average Salary: CAD $91,500.
Updated on: 06 Sep 2023
6 min read
The question of 'why study an MBA in Canada' is oft asked. Because, globally, colleges in the US and UK rank higher. Focusing on the top four colleges in Canada for an MBA, we explore this topic in this article. More Reasons as to Why MBA in Canada is an Outstanding Option For a student thinking of taking an Education Loan for Abroad Studies, the financial factor matters a lot because it determines the burden on the pocket. The cost of an MBA in Canada is relatively lower than that of most management programs in US/UK. Additionally, unlike US/UK, you can easily apply for a work visa / Permanent Residence in Canada after completing the studies.
The question of 'why study an MBA in Canada' is oft asked. Because, globally, colleges in the US and UK rank higher. Focusing on the top four colleges in Canada for an MBA, we explore this topic in this article. More Reasons as to Why MBA in Canada is an Outstanding Option For a student thinking of taking an Education Loan for Abroad Studies, the financial factor matters a lot because it determines the burden on the pocket. The cost of an MBA in Canada is relatively lower than that of most management programs in US/UK. Additionally, unlike US/UK, you can easily apply for a work visa / Permanent Residence in Canada after completing the studies.
Fill the form to get free expert help Understanding that Canada makes for a superb place for higher education is part 1. Part 2 is knowing the best universities for MBA in the country. The finest MBA colleges according to QS are: Rotman ranks very high on the indicators of leadership, employability, and ROI. It has the biggest class sizes in the country with over 300 students in a batch. For admission, the school asks of a student: Besides the usual elements, Desautels makes for a more than decent college for MBA in Canada because of its Base Camp. Every MBA student is required to attend the 2 weeks long comprehensive and intensive classes. These are preparatory lectures meant to bring the candidates up to the mark in the fundamentals of math, statistics and accounting for finance. When applying, the criteria to be fulfilled are: The International Health Insurance Plan or IHI is mandatory for each scholar and costs about CAD$1,095 for a single person. Renowned for the eponymous case-study method and the CEL approach, MBA from Ivey teaches a person about the growth of the entire enterprise and not just one person. The graph below gives an idea of the type of students that study at Ivey: One of the rare colleges to leap 7 QS Global MBA Rankings from 2018 to 2019, it offers a program that allows for 18 diverse specializations. It even caters to hands-on experience by allowing students to consult on real projects. To provide overseas students with financial support, Schulich automatically considers each applicant for entrance awards based on merit. One such scholarship is:
Some common Eligibility features to pursue MBA in Canada are:
Some common Eligibility features to pursue MBA in Canada are:
Looking For An Abroad Education Loan?
What are the Top 4 Universities for MBA in Canada?
1. Joseph L. Rotman School of Management
Costs Involved at Rotman:
Financial Aid & Scholarships at Rotman:
2. Desautels Faculty of Management
Costs Involved at Desautels:
Financial Aid & Scholarships at Desautels:
3. Ivey Business School
Eligibility Requirements are:
Costs Involved at Ivey:
Financial Aid & Scholarships at Ivey:
4. Schulich School of Business
Eligibility Requirements are:
Costs Involved at Schulich:
Financial Aid & Scholarships at Schulich:

Yogender is a tech enthusiast with specialization in digital marketing. He is currently working at Gyandhan a leading company which provides Education Loan who are studying Abroad. Playing Volleyball, driving a car, traveling, researching new online marketing trends are some of his interest areas that keeps his rejuvenated.

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.
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