Getting an MBA degree is a very popular choice and Canada is the perfect destination to get an MBA degree from a well-recognized university. Companies are in constant need of graduates who understand the market and can take their organisations to new heights.
The universities in Canada have the highest acceptance of Indian students because of their impressive skills and determination. Additionally, an MBA in Canada provides a good learning environment and educates students about the Canadian job market. It is beneficial to acquire your degree from the top MBA colleges in Canada as it gives your employers a sense of ease that you will conquer the market easily.
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Top 7 MBA Colleges in Canada with Fee Structure
Now let us take a look at the top MBA colleges in Canada (in no particular order):
The Rotman School of Management
It is among the top MBA colleges in Canada for its extensive education. It is a private university located in Ontario that provides Morning and evening batches for different classes. Their management program covers topics such as managerial economics, corporate finance, macro-economy, decision-making, and more to prepare students for real-life applications.
Term: 2 years
Fees: CAD 59,450
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York University in Schulich
Another very well recognized university among the top-ranked MBA colleges in Canada for Management studies. York University provides a wide course catalogue covering business studies as well as electives for a well-rounded degree that aids in real-world challenges. Additionally, they also provide a housing facility for students as well as an option to choose suites.
Term: 2 years
Fees: CAD 52,040
University of Alberta
A well-recognized University for higher studies with a 40% international student population. They are rated highly among MBA colleges in Canada for their excellent faculty and student advisors. Their exam structure provides options for mid-term multiple-choice tests or mid-term essays, depending on the faculty. Their primary concern is not the high score but a complete education program for the students.
Term: 20 months
Fees: CAD 16,520
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Ivey Business School
They have received the highest rating as compared to other MBA colleges in Canada. They provide semester-based programs, for which you can register on an online portal. Their curriculum is largely based on business case studies. This technique helps students prepare for leadership roles in real-world scenarios. It also trains them to make decisions and take action.
Term: 1 year
Fees: CAD 1,11,750
Stephen J.R. Smith School of Business at Queen’s University
This university is quite famous and among the top universities in Canada for MBA for its excellent faculty and diversity of campus recruiters. They are among the primary MBA colleges in Canada that provide an entrepreneurship program. They have a 97% employment rate within 3 months of graduation and 90% before completion of the full-time MBA program.
Term: 1 year
Fees: CAD 95,000
HEC Montreal
Located in one of the reasonably-priced metropolitan areas, this is among the MBA colleges in Canada that are recognized for their excellence in teaching. It is a subsidiary of the University of Montreal. HEC Montreal has the best faculties from around the world. They are highly regarded for their 1-year course, which covers an entire 2-years curriculum. Additionally, being located in a metropolitan of Canada, the students receive tremendous exposure to market conditions and internships.
Term: 1 year
Fees: CAD 49,000
UBC Sauder
As a subsidiary of the University of British Columbia, it ranks among the top MBA Colleges in Canada. They encourage students to learn and innovate on a global platform. The college has a very strong experiential learning program.
Term: 16 months
Fees: CAD 60,045
Each of these universities offers a wide array of MBA programs. The fee structure often deters the determination of Indian students. But you need not fret.
MBA Colleges In Canada without GMAT
There are a few universities that consider students with low GMAT scores. However, the candidate needs to have a strong resume, excellent academic records, an impressive statement of purpose (SOP) and a cover letter. Below are the MBA colleges in Canada without GMAT for Indian students.
- Ivey Business School- Western University Canada
- Schulich School of Business- York University
- HEC Montreal
- Rotman School of Management
- Telfer School of Management
Reasons Why MBA in Canada Good for Indian Students
Ranking
Getting an MBA degree from a Canadian University is in demand for several reasons. Canadian Universities have made their way to the top 100 Global MBA Ranking list and secured a prominent position despite the fierce competition from the popular Universities in the U.S. and Europe.
Easy Process & Affordable
They offer affordability so that Indian students can take advantage of studying outside their home country without having to bear a hefty loan. Canada attracts students from all over the world, thus offering multicultural exposure to students. Moreover, the admission process and student visa approval procedures are simple, with an affordable Canada student visa fee.
Job Opportunities
Post your study in Canada, degrees from top Canadian Universities help obtain also offer lucrative job opportunities for those who wish to stay back and work in Canada. Most Canadian Universities stress practical knowledge as much as they do on theory. Hence, students get the dual advantage of having clear theory concepts and gaining hands-on experience while studying at the university.
Opportunity to be Part of a Global Network
Most MBA schools abroad have faculty who have work experience in global conglomerates. Such business schools and universities have established relationships with the best contacts – be it individuals, brands or corporations.
Furthermore, joining a business school in a foreign country will allow you to know other cultures and exchange and interact with a global population set of peers and professors from different parts of the world. You also get the opportunity to interact and learn from a global alumnus who has been there and done what you are seeking to do.
Best Cities in Canada for Higher Education
- Toronto
- Montréal
- Québec City
- Vancouver
Eligibility Criteria For Top MBA Colleges in Canada
Before we look into the top colleges, let us quickly go through the eligibility for MBA colleges in Canada for Indian students. Here is what you need to keep in mind:
Prior Qualification
If you’re applying to an MBA college in Canada, or anywhere really, you need to hold a completed Bachelor’s degree. The qualification must be from a recognized university. That does not mean that it has to be expensive or world-renowned. MBA colleges in Canada need to know that you have completed your graduation from a government-approved university.
GMAT Score
You need to appear for the GMAT exam and acquire a good score in order to get admission to one of the top MBA colleges in Canada.
Proficiency in the English Language
Since Canada is an English-speaking country, you are required to appear for an IELTS or TOEFL examination and score well. This is to ensure that you can adjust to the country seamlessly and grasp the lectures that are delivered in English. You don’t have to be an enthusiast, but you should at least understand, read, write and speak the English Language fluently.
Work Experience
Even though it is not mandatory to have work experience, most MBA colleges in Canada prefer to admit students who have some prior industry experience. This allows you to bring more perspective to the classroom scene where the discussions are professional. The top MBA universities in Canada are highly favourable to those with work experience.
Cost to Study in Canada for Indian Students
The cost of studying in Canada covers a set of factors. Let us take a look at them:
| Expense | Amount per annum (CAD) |
|---|---|
| Tuition | $ 7000 – 35000 |
| Accommodation | $ 8000 – 10000 |
| Living (Food, leisure, etc.) | $ 10560 approximately |
| Travel | $ 350 approximately |
| Miscellaneous | $ 1000 |
Financial Aid for Indian Students
The living expenses for an MBA student in a Canadian University can cost up to CAD 6000 to CAD 16800 if you live off-campus, which can go up to CAD 20000 if you choose to live on campus. Considering all auxiliary expenses, the total cost of living would be about CAD 35000 to CAD 55000 per year.
Application Process for MBA in Canada
The application process to apply for an MBA in Canada is quite lengthy, so it is suggested to start the application process 15-18 months before the target session. To obtain the application form, you need to visit the university’s official website. Documents required to apply in Canada:
- All the documents of your graduate program
- GMAT score and English language proficiency test score (TOEFL or IELTS)
- Financial documents and bank account statements
- Resume, CV, SOP, Cover Letter and Work-experience document
- Visa documents
You can see this video to understand better how to study in Canada for Free.
Conclusion
However, there are various scholarships that can be availed to fund the cost of an MBA course in Canada for Indian students. They could either be Entrance Scholarships or Application-Based Scholarships for which you might need to provide an additional essay stating why you need that scholarship. You may like to check the terms and conditions to avail yourself of the scholarship details with Leap Scholar for your higher education. These programs always look for well-deserving students with a passion for their careers. They have designated mentors and IELTS coaches to help you prepare for every step of your application process.
There are other expenses to be taken into account when applying to Canada, such as the cost of living. But you are not alone. There are many Indian students, as well as native Canadians, who face similar problems. That is why the government of Canada permits part-time jobs for students. You can get institutional knowledge from the MBA colleges in Canada. However, you also get hands-on experience in the Canadian market through your part-time jobs. This enables you to upgrade your CV with actual experience in Canada, thus increasing your chances of getting hired easily.
Success comes to those who are ready to work for it. Qualifying to study in MBA colleges in Canada is quite an accomplishment in itself. You can always apply for financial aid and figure out alternate methods of paying fees. The opportunities that follow the program make it worthwhile. The salary of students graduating from MBA colleges in Canada is considerably double.
The demand for employment in the country is also higher than in most regions. The benefits of acquiring higher education from MBA colleges in Canada outweigh the little bit of hard work you must put in. This is the time to achieve all your career goals.
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Frequently Asked Questions (FAQs)
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Q. What is the duration of Studying for an MBA in Canada?
A. The Duration of pursuing an MBA in Canada is usually 1-2 years. But some universities also provide the MBA course for 8 months. E.g., Ivy Business School, Canada, offers an MBA for 8 months to 1 year.
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Q. Which MBA job is in demand in Canada?
A. The in-demand MBA jobs in Canada- Financial Manager, Operations Manager, Business Analyst, Project Manager, Marketing Manager, Business Development Manager, and Investment Analyst.
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Q. Which MBA Course has the highest salary in Canada?
A. The MBA course that has the highest salary in Canada is the Executive MBA (EMBA) program. Typically designed for experienced professionals, the EMBA program focuses on developing leadership and strategic management skills. Graduates of the EMBA program in Canada can earn an average annual salary of over $150,000, which is significantly higher than other MBA programs.
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Q. Which are the top MBA colleges in Canada for Indian students?
A. There are several top MBA colleges in Canada for Indian students, including the Rotman School of Management at the University of Toronto, the Schulich School of Business at York University, the Sauder School of Business at the University of British Columbia, and the Desautels Faculty of Management at McGill University. These colleges offer high-quality MBA programs with a diverse student body and excellent career opportunities for Indian students.
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Q. Is an MBA in Canada for Indian students a good idea?
A. Yes, an MBA in Canada is a great option for Indian students as it provides them with an excellent education, a globally recognized degree, and ample job opportunities. Canadian MBA programs prepare students for leadership roles in various industries and offer a diverse learning environment. Additionally, Canadian universities welcome international students and offer various scholarships and funding opportunities to help them pursue their studies.
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Q. Which are the best MBA colleges for MBA in Canada for Indian students?
A. There are many top MBA colleges in Canada for Indian students, including the Rotman School of Management at the University of Toronto, the Schulich School of Business at York University, the Sauder School of Business at the University of British Columbia, and the Desautels Faculty of Management at McGill University. These colleges offer high-quality MBA programs, diverse student bodies, and excellent career opportunities for Indian students.
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Q. What are the best colleges for MBA in Canada for Indian students?
A. There are many top colleges for MBA in Canada for Indian students, including the Rotman School of Management at the University of Toronto, the Schulich School of Business at York University, the Sauder School of Business at the University of British Columbia, and the Desautels Faculty of Management at McGill University. These colleges offer high-quality MBA programs, diverse student bodies, and excellent career opportunities for Indian students.
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Q. What are some of the cheapest MBA programs in Canada for international students?
A. Some universities that offer affordable MBA programs for international students in Canada include the University of Manitoba, Memorial University of Newfoundland, and the University of Regina. Research and compare tuition fees, living expenses, and other factors before choosing a program.
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Q. Is the application process for MBA in Canada easy?
A. The application process for an MBA in Canada can vary depending on the university and program. Generally, the process involves submitting transcripts, letters of recommendation, statements of purpose, and standardised test scores (such as GMAT or GRE). International students may also need to submit proof of English language proficiency. While the process may seem overwhelming, universities usually provide detailed instructions and support to guide applicants through the process.
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Q. What is the total cost of an MBA in Canada for International students?
The total cost of an MBA in Canada for international students varies depending on the university and program. Generally, tuition fees for MBA programs in Canada range from CAD 25,000 to CAD 120,000 (INR 153,086.57 to INR 7,348,155.51) for the entire program. Additionally, international students may need to consider other expenses such as accommodation, food, transportation, and health insurance. It is important to research and compare costs before choosing a program.
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