Top 10 MBA Colleges in Canada for Indian Students with Fees

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Did you know that Canada has experienced a 350% increase in international MBA students in the past decade? 

That’s because Canadian MBA programs offer a unique blend of theoretical knowledge and practical experience, making them the perfect destination for Indian students looking to gain a competitive edge in the global job market.

Canada is home to some of the best MBA colleges in the world. The University of Toronto’s Rotman School of Management, the Sauder School of Business at the University of British Columbia, and the Schulich School of Business at York University are just a few examples.

An MBA education is essential for anyone looking to advance their career, increase their salary potential, and gain valuable leadership skills.

Canada’s MBA programs offer an inclusive and supportive learning environment which focuses on developing well-rounded individuals who can thrive in today’s global marketplace.

 So, why not consider Canada for your MBA studies?

Also Read: Scholarship for MBA in Canada: Guide for Indian students

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Top 10 MBA colleges in Canada

Canada is home to some of the world’s top-ranked colleges and universities, offering a wide range of programs and opportunities for students from all over the globe. 

According to the most recent QS World University Rankings for 2024 and QS Global MBA Ranking 2024, the top 10 colleges in Canada are:

Universities QS World Ranking 2024QS Global MBA Ranking 2024 
Toronto (Rotman School of Management)211
McGill (Desautels Faculty of Management)302
Western (Ivey Business School)1143
UBC (Sauder School of Business)344
Queen’s (Smith School of Business)2095
York (Schulich School of Business)3536
Alberta School of Business1117
Concordia (John Molson)3878
HEC Montréal1419
DeGroote School of Business18910

These colleges provide students with a world-class education, cutting-edge research facilities, and a lively campus life. 

By studying at one of these top-notch institutions, students can gain valuable skills and experiences to help them succeed in their future careers.

Top 10 MBA Colleges in Canada for Indian Students with Fees

Now, let’s explore Canada’s top 5 MBA schools in detail:

Toronto (Rotman School of Management)

The University of Toronto’s Rotman School of Management is a highly respected and globally recognised institution that offers students a wide range of academic programs worldwide. 

Its MBA program is one of the most sought-after, offering students a comprehensive education covering all aspects of business management. 

The Admission criteria for the university are: 

  • A four-year undergraduate degree 
  • GMAT/GRE Scores (550-670)
  • English proficiency test scores (TOEFL: 100/ IELTS: 7.0)

An overview of Toronto (Rotman School of Management)

ParametersDetails
Course Length20 Months
First Year, tuition feesINR 41L
QS Global MBA Ranking 2024 1
Scholarships Awards for In-Program Students
Professional Student Loan Plans with BMO & RBC
Top 3 MBA CoursesMBA in Financial Risk Management
Global Executive MBA
Master of Business Analytics (MBA) 
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Top 10 MBA Colleges in Canada for Indian Students with Fees

 McGill (Desautels Faculty of Management)

McGill University’s Desautels Faculty of Management is a highly respected and globally recognised institution offering students a top-notch MBA program worldwide.

The program is designed to provide a comprehensive education covering all aspects of business management, focusing on developing well-rounded leaders who can thrive in today’s global marketplace. 

With an inclusive and multicultural learning environment, state-of-the-art research facilities, and an active campus life, McGill University is the perfect place to pursue an MBA.

The Admission criteria for the university are: 

An overview of McGill (Desautels Faculty of Management)

ParametersDetails 
Course Length12 Months
First Year tuition feesINR 61L 
MBA Ranking2
Scholarships Desautels Leadership Scholarships
Desautels International Student Scholarships
Top 3 MBA CoursesMBA in Finance
MBA in Marketing
MBA in Global strategy and leadership 

Western (Ivey Business School)

The Ivey Business School is a prestigious business institution in Canada, recognised for its outstanding MBA programs and excellent faculty. 

The school is committed to providing a world-class business education and has a long-standing reputation for producing successful business leaders. 

The MBA programs offered by Ivey are designed to equip students with the knowledge, skills, and experience necessary to succeed in the competitive business world. 

The Admission criteria for the university are: 

  • Academic Transcript
  • Letter of recommendation 
  • Statement of purpose 
  • GMAT/GRE Scores (550-670)
  • English proficiency test scores (TOEFL: 100/ IELTS: 7.0)

An Overview of Ivey Business School:

ParametersDetails
Course Length12 Months
First Year, tuition feesINR 77L
QS Global MBA Ranking 2024 3
Scholarships Ivey MBA Entrance Scholarship
Ivey Emerging Leaders Award
Top 3 MBA CoursesMBA in General Management
MBA in International Business
MBA in Analytics 

UBC (Sauder School of Business)

The University of British Columbia (UBC) is one of Canada’s leading universities, consistently ranking among the top 40 universities in the world. 

The Sauder School of Business at UBC offers exceptional MBA programs that prepare students to become influential leaders in the business world. 

With a wide range of specialisations and flexible study options, the Sauder MBA program provides students with the skills, knowledge, and experience needed to succeed in various industries.

The Admission criteria for the university are: 

  • Academic Qualifications
  • Letter of recommendation 
  • Statement of purpose 
  • GMAT/GRE Scores (550-670)
  • English proficiency test scores (TOEFL: 100/ IELTS: 7.0)

An overview of UBC (Sauder School of Business):

ParametersDetails
Course Length16 Months
First Year, tuition feesINR 58L
QS Global MBA Ranking 2024 4
Scholarships External Scholarships
International MBA Scholarships
Top 3 MBA CoursesMBA in Entrepreneurship and Innovation
MBA in Marketing
MBA in Finance

Queen’s (Smith School of Business)

Queen’s University is a top Canadian institution located in Kingston, Ontario.

 The MBA program at the Smith School of Business is highly regarded and consistently ranked among the top MBA programs in Canada.

 The program offers a well-rounded business education with a comprehensive curriculum covering finance, marketing, strategy, and leadership topics. 

The Admission criteria for the university are: 

  • Academic Qualifications
  • Letter of recommendation 
  • Statement of purpose 
  • GMAT/GRE Scores (550-670)
  • English proficiency test scores (TOEFL: 100/ IELTS: 7.0)

An overview of Queen’s (Smith School of Business):

ParametersDetails
Course Length12 Months
First Year, tuition feesINR 64L 
QS Global MBA Ranking 2024 5
Scholarships International Student Entrance Scholarship
Smith School of Business MBA diversity scholarship 
Top 3 MBA CoursesMBA in Entrepreneurship and Innovation
MBA in Marketing
MBA in Finance

Also Read: Average Salary in Canada 2024 for Indian students 

Criteria for choosing the top MBA colleges in Canada

Top 10 MBA Colleges in Canada for Indian Students with Fees

When it comes to choosing the best MBA colleges in Canada, you should keep a few things in mind to ensure that you’re making the best decision for your education and career path.

  • Consider rankings from reputable sources such as the Financial Times or QS World University Rankings. 
  • Evaluate the qualifications and industry experience of faculty members.
  • Check for a comprehensive curriculum that covers all the essential business areas.
  • Assess networking events, alumni connections, and industry partnerships to make valuable connections.
  • Review placement rates, internship opportunities, and career services to ensure you are well-prepared for the job market. 
  • Consider the diversity of the student body and international exposure to broaden your perspectives.
  • Explore available scholarships and financial support for international students to help you achieve your academic goals. 

With these tips in mind, you’ll be well on your way to finding the perfect MBA college in Canada!

Eligibility criteria for Indian students for studying MBA in Canada 

Studying MBA in Canada is a great opportunity for Indian students to gain global exposure and enhance their career prospects. 

To be eligible for this program, Indian students need to fulfil certain criteria: 

  • Completion of undergraduate degree
  • English language proficiency scores  (TOEFL: 100/ IELTS: 7.0)
  • GMAT/GRE Scores (550-670)
  • Letter of Recommendation
  • Statement of Purpose
  • CV Work experience

Note: Work experience is not mandatory; most MBA colleges in Canada prefer to admit students with some prior industry experience.

Pursuing an MBA in Canada will provide you with a world-class education and expose you to varied cultures and perspectives.

Moreover, Canadian universities offer international students various scholarships and financial aid options. 

Also Read: Cheap Universities in Canada 2024 

Top MBA Colleges in Canada without GMAT/GRE

Are you worried about your GMAT scores? A few universities in Canada don’t require GMAT scores, but they do have some other criteria you need to meet.

 You’ll need a strong resume, excellent academic records, an impressive statement of purpose (SOP), and a cover letter. 

Here are some of the Top MBA colleges in Canada that don’t require GMAT scores for Indian students:

  • Ivey Business School at Western University Canada
  • Schulich School of Business at York University
  • HEC Montreal
  • Rotman School of Management
  • Telfer School of Management

So, don’t let your GMAT scores hold you back from pursuing your dream of studying MBA in Canada. 

With the right preparation and application, you can still get into some of the best MBA colleges in Canada!

Also Read: Masters in Project Management in Canada 2024

Cost of studying in Canada for Indian Students 

As an Indian student considering studying in Canada, you may be wondering about the cost of your education.

The good news is that the cost will depend on various factors, such as the program, institution, and location you choose. 

Here is the average cost of studying in Canada:

Undergraduate Programs CAD 20,000 to CAD 40,000 per year
Graduate Programs CAD 25,000 to CAD 60,000 per year

Rest assured, you’ll receive a top-notch education, and the opportunity to study in Canada will be an experience of a lifetime!

Cost of living in Canada for Indian students 

Wondering about the cost of living in Canada?

Well, let’s break it down for you. 

Living in Canada can be expensive, but it depends on your chosen city. Some cities like Toronto and Vancouver are expensive, while others like Ottawa and Montreal are more affordable.

Here is a detailed breakdown of the living expenses in Canada:

Rent per month INR 2L (approx.)
Basic Utility (Monthly)INR 13,000 (approx.)
Transportation INR 6,000 (approx.)
Miscellaneous ExpensesINR 60,000 (approx.)

Average Salary of an MBA Graduate in Canada 

The average salary of an MBA graduate in Canada is a piece of highly sought-after information among aspiring business professionals. 

According to Payscale, the average salary for an MBA graduate in Canada is around 72L per year

However, the salary range can vary depending on the industry, location, and years of experience. Additionally, factors such as job responsibilities, company size, and job performance can also impact an MBA graduate’s earning potential. 

Despite the variations, an MBA degree can significantly enhance career prospects and earning potential in Canada’s competitive job market, making it a wise investment for many individuals looking to advance their careers.

Also Read: Cost of studying in Canada for Indian students 2024-25

Other Affordable Colleges for MBA in Canada

Looking for affordable MBA options in Canada? You’re in luck! While there are pricey programs available, there are also several colleges that offer cheaper and more budget-friendly options. 

Check out the list below for some affordable MBA choices in Canada:

Colleges Fees for International Students
Memorial University of NewfoundlandINR 23L
Concordia University INR 29L
Vancouver Island University INR 32L
University of Calgary INR 16L
University of OttawaINR 42L
University of Saskatchewan INR 43L

Exploring the affordable MBA options in Canada can help you find a quality education that fits your budget and career goals.

Why Choose Canada?

Are you looking for an exceptional education and career opportunities? Canada is definitely worth considering!

  • Many Canadian companies actively seek out international talent, and the country’s strong economy and low unemployment rate make it a favourable destination for those looking to start their careers. 
  • Plus, the Canadian government supports international students with policies like post-graduation work permits. Another great thing about studying in Canada is the welcoming and inclusive culture. 
  • The student visa application process is straightforward and can be done online. 

And that’s not all! MBA students in Canada have numerous internship opportunities in leading companies and organisations.

Summing Up: 

Pursuing an MBA in Canada is an excellent choice for those looking to advance their careers, increase their salary potential, and gain valuable leadership skills. 

Canada is home to some of the world’s top-ranked colleges and universities, offering a varied and inclusive learning environment that focuses on developing well-rounded individuals who can thrive in today’s global marketplace. 

The University of Toronto’s Rotman School of Management, McGill University’s Desautels Faculty of Management, and the Ivey Business School at Western University are among the most in-demand MBA programs in Canada

They provide students with a comprehensive education, state-of-the-art research facilities, and an active campus life. 

With a wide range of programs and opportunities for students worldwide, pursuing an MBA in Canada could be the key to unlocking your potential and achieving your career goals.

The road to an MBA can be a challenging one, but you don’t have to go it alone. Our app offers expert guidance and support to help you achieve your academic and career goals.

Frequently Asked Questions 

  • Q. What are the top MBA colleges in Canada?

    A. Canada has several top-ranked MBA colleges that offer world-class education and excellent career opportunities. The University of Toronto, Rotman School of Management, and the Schulich School of Business are just a few examples of the many top MBA colleges in Canada. An MBA degree from Canada equips students with the skills and knowledge needed to succeed in today’s global business environment. With an inclusive and welcoming culture, Canada is an ideal destination for Indian students looking to study abroad. So, if you’re looking to take your career to the next level, consider pursuing an MBA in Canada!

  • Q. What is the admission process for the top MBA colleges in Canada? 

    A. Canada is an excellent destination for Indian students looking to pursue an MBA. The admission process for top MBA colleges in Canada is straightforward and transparent. With world-class education, excellent faculty, and a varied student body, Canadian universities offer a truly unique learning experience. Moreover, studying in Canada can offer students unparalleled career opportunities and exposure to the international job market. With a welcoming environment and a high standard of living, Canada is an ideal destination for Indian students looking to gain a global perspective on their MBA education.

  • Q. How do the fees of the top MBA colleges in Canada compare to other colleges?

    A. According to a recent study, Canada has become one of the top destinations for Indian students pursuing an MBA abroad. The study found that Canada has experienced a 63% increase in the number of Indian students studying at Canadian universities over the past decade. Furthermore, the average MBA program fee in Canada is relatively affordable compared to other countries, with an average cost of around CAD 30,000 to CAD 50,000 per year. This makes it an attractive option for Indian students who want to obtain a world-class education without breaking the bank.

  • Q. What is the average salary package offered to graduates from the top MBA colleges in Canada?

    A. Studying abroad can be a life-changing experience for Indian students, and pursuing an MBA in Canada can be a great opportunity. Not only does Canada offer high-quality education, but the average salary package for graduates from the top MBA colleges is around 87,000 CAD. This is a great incentive for students looking to build a successful career in management. Additionally, studying in Canada provides an opportunity to gain international exposure, increase cultural awareness, and network with professionals from around the world. It’s an investment in your future that can bring a lifetime of benefits.

  • Q. What are the different specialisations offered by the top MBA colleges in Canada?

    A.  Canada is a centre for some of the world’s best MBA colleges, offering a range of specialisations such as finance, marketing, technology management, and healthcare management. The MBA programs in Canada are designed to provide students with a comprehensive understanding of business principles, and they are known for their practical and hands-on approach. Besides, Canada is a welcoming and multicultural country with a high standard of living and excellent job opportunities. With these factors in mind, pursuing an MBA in Canada could be an excellent choice for Indian students who are looking for a rewarding and enriching academic experience.

  • Q. What is the duration of the MBA programs offered by the top colleges in Canada?

    A. The duration of MBA programs in top Canadian colleges ranges from 12 to 24 months, depending on the program and school. Studying for an MBA in Canada offers a unique opportunity to gain a global perspective on business while also experiencing a diverse and welcoming culture. Canadian universities are known for their academic excellence, cutting-edge research, and state-of-the-art facilities. Additionally, studying in Canada can provide Indian students with access to a wide range of job opportunities and a chance to establish a successful career in a thriving international market.

  • Q. Which are the top 5 affordable MBA colleges in Canada?

    A. Canada is an excellent choice for Indian students considering pursuing an MBA degree, with its welcoming and inclusive learning environment and excellent institutions. If affordability is a concern, several MBA programs in Canada are affordable. Some of the top 5 affordable MBA colleges in Canada include Memorial University of Newfoundland, Simon Fraser University, University of Regina, Dalhousie University, and University of Ottawa. These institutions offer high-quality education at an economical price, making them an ideal choice for Indian students seeking to study abroad without incurring significant expenses.

  • Q. List some top MBA colleges in Canada with fees.

    A. It is important to mention that MBA colleges in Canada are highly regarded worldwide for their exceptional academic standards, modern research facilities, and engaging campus life. Some of the leading MBA colleges in Canada that provide a comprehensive education covering all aspects of business management are the Rotman School of Management at the University of Toronto (CAD 67,532), the Sauder School of Business at the University of British Columbia (CAD 94,559), and the Schulich School of Business at York University (CAD 126,600) Indian students who aspire to pursue an MBA degree abroad can benefit from the reasonable tuition fees and various scholarships offered by these distinguished institutions to acquire valuable skills and experiences that can aid them in their future careers.

  • Q. Which are the top MBA colleges in Canada for Indian students?

    A. Canada is home to some of the most prestigious MBA colleges in the world, offering Indian students a chance to experience quality education, global exposure, and a plethora of job opportunities. Studying in Canada can help Indian students develop a competitive edge in the job market while also providing them with an opportunity to immerse themselves in a new culture. As a safe and welcoming country, Canada provides international students with a warm and supportive environment that can help them achieve their academic and personal goals. So, if you’re looking to expand your educational horizons and gain a unique global perspective, pursuing an MBA in Canada could be the perfect choice for you.

  • Q. List down 10 MBA colleges in Toronto, Canada.

    A. Studying abroad can be a life-changing experience for Indian students, and Toronto, Canada, is a great place to consider. With top-ranked universities like the University of Toronto and York University, students have access to world-class education and a student body that is full of different perspectives. Plus, Toronto is a multicultural city that offers students the opportunity to experience different cultures and make friends from all over the world. Studying abroad can also enhance your career prospects and help you develop valuable skills that will benefit you in the future. Don’t miss out on the chance to expand your perspectives and explore the world!

  • Q. Which are the top MBA colleges in Canada with placements?

    A. For Indian students looking to pursue an MBA abroad, Canada is an excellent destination with some of the world’s top-ranked MBA colleges. The Rotman School of Management, Sauder School of Business, and Schulich School of Business are just a few examples of such colleges. These institutions offer a learning environment that focuses on the development of well-rounded individuals who can thrive in today’s global marketplace. They also provide advanced research facilities and a safe, welcoming environment for international students. With excellent placement opportunities, Canada’s MBA colleges are a great choice for Indian students looking to advance their careers.

  • Q. List of top MBA colleges in Canada, Vancouver.

    A. There are several top MBA colleges in Vancouver, Canada, that Indian students can consider. Some of the most renowned ones are the Sauder School of Business at the University of British Columbia, the Beedie School of Business at Simon Fraser University, and the Gustavson School of Business at the University of Victoria. Other notable options include the Shannon School of Business at Cape Breton University and the Edwards School of Business at the University of Saskatchewan. All these colleges offer world-class education, excellent infrastructure, and ample opportunities for students to grow professionally and personally.


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Saket Kohli

An International Higher Ed professional with 7+ years of experience studying, working, and living across three geographies, currently on a mission to share his journey as an International Student.

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