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10 Best Business Schools in Canada for MBA

Find out the top ten business schools in Canada and their requirements for admission.

If you are looking for the best business schools in Canada to enable you to improve your knowledge and chances of getting the best job offers, you are on the right track. Canada is a great study goal for international students. Aside from the US, Canada was the first country to offer MBA degrees. Interestingly, it remains the world’s most popular study location for international students.

Still, the employment prospects for those who studied in Canada is one of the reasons thousands of candidates immigrate to Canada to pursue their qualifications at any of the top MBA schools in the country. Moreover, the QS World University Rankings featured a total of 18 business schools in Canada.

Then, there are over 100 business schools in Canada. For that reason, we have decided to help you narrow down your choice. Below, you will find the top and arguably the best 10 business schools in Canada.

What are Business Schools?

If you wish to gain business skills and accelerate your career, then, a business school is ideal for you. An MBA degree is a major step to getting a job at multinational firms. It is also the best asset to build entrepreneurs in different fields. Many Fortune 500 executives have MBAs in their portfolios.

However, what is most important is not the fame associated with studying in the best business school but the opportunity to break into highly competitive business corporations. Hence, if you are wondering whether gaining an MBA degree is worth it, the answer is yes.

What can You Learn in a Business School?

A business school teaches valuable skills through practical applications. As a result, you can decide to start your own business, accelerate your current career or make a career shift. If you are looking to achieve any of the above, a business school may be the best choice for you.

In a business school, students learn how to develop their skills through academic theories and practical applications. For MBA programs, some studies take up to two years to complete and some accelerated ones only take one year to complete. The programs are all good, depending on what you want to achieve.

There are so many reasons you can enroll in a business school, including the opportunities to earn higher salaries and also network with like-minded people. In addition, irrespective of the program you choose, many business schools offer the same range of courses. You can choose to study part-time or full-time too.

In addition, you can learn some of the topics including Principles of Business Management, Basic Accounting, Microeconomics, Macroeconomics, Business Communications, Entrepreneurship, and many more. There are also online and offline MBA programs. Both of them have their benefits, depending on your reason for choosing them.

For instance, online MBA programs offer you the flexibility to study while working and also study at your own pace. On the other hand, offline programs help you to network with other students and meet diverse people from all over the world.

What are the Reasons to study in a Business School in Canada?

There are various reasons you can choose to study in a business school in Canada. Some of them are outlined below:

  • International recognition: An MBA degree from Canada is internationally approved. This will improve your career prospects and earning potential.
  • Affordable Business Schools: Studying in Canada is more affordable when compared to other top countries.
  • Internship opportunities: Business schools in Canada offer internship programs to enable you to gain much industrial experience while still a student.
  • Multicultural background: You will be able to study and network with students from diverse backgrounds. This is because of the multiculturalism of Canada. As a result, you will be able to learn more about other people’s cultures as well as their perspectives on business and management.

Typical Requirements to get into a Business School in Canada

Determining to study in a business school is an enormous obligation. Moreover, you need to meet certain admission standards before your application process begins. Equally important, there are varied requirements for diverse business schools. However, some of the typical MBA entrance requirements include:

  • A minimum of three years, full-time work experience
  • A bachelor’s degree or its equivalent from a reputable university
  • Graduate Management Admissions Test (GMAT) score
  • An English language proficiency test, including IELTS or TOEFL
  • Statement of purpose
  • 2 recommendation letters
  • Admission interview.

Choosing the best Business Schools in Canada

It can be tiresome and hard work to select the best business school that suits your need. However, you can use the following tips to make the best choice:

  1. Academic excellence: you must check if the school offers high-quality academic programs with excellent teaching standards.
  2. Cost of business school: the cost of the programs must be considered too. Different business schools charge different fees. You must select based on your budget.
  3. Location: you must consider how close or near to your home the school is. Considerably, a nearby school will save you so much stress.
  4. International student support: how much the school supports international students must be put into account. A good business school must have a well-planned structure to accommodate international students.

List of Top 10 Business Schools in Canada

According to the QS Global MBA Rankings in Canada, the following are the best business schools in Canada:

Rothman Business School – Toronto University

Named after its chief benefactor, Joseph Rothman, the school ranks 20th in North America and 46th in the world. Also, as part of their international and interschool exchange programs, the students of the school are provided with the opportunity to go on tours.

The tuition fee of the school is as high as CAD 64 810 per year, making it the most expensive school of business in Canada. It is also known globally for its intensive, inventive and innovative research programs. Moreover, since its inception, it has developed strength in fields of knowledge like medicine, engineering, business, humanities and others. Occupying number one position in the best business school in Canada, Rothman Business School is one of the best options for international students.

Desautels Faculty of Management – McGill University

The school offers joint MBA/MD with the School of drugs and also a joint MBA/Law program with the school of law. Moreover, the acceptance process is very challenging, offering only a very few admission to only the top candidates. McGill University hosts 26 000 students and 9 000 graduates from 160 countries. The business school provides a detailed career path for the students. Therefore, upon graduation, you should have earned a diverse skillset that prepares you for an endless career path.

The core courses include economics, business analytics, accounting, finance and marketing. Similarly, the duration of the full-time MBA program is 2 years.

Desautels tuition fee is between CAD 2 391 and CAD 29,200.

Ivey Business School – Western University

Popularly known as Ivey, the school is proud of impacting its students in the relevant skills and knowledge necessary for dealing with tough issues in the business world. It also ranks 88th on the World 100 best business schools’ rankings.

Furthermore, the students have the opportunity to study an exchange program in their second semester. Also a leading school in the field of technology, the Ivey Business School offers the students the opportunity to harness their creativity and knowledge.

Ivey Business School tuition fee is between CAD 7 577 to CAD 24 851.

Smith School of Business – Queen’s University

Located in Ontario, Smith School of Business was established in 1919. As a result, it was the oldest Bachelor of Commerce program in Canada. It also offers extracurricular programs to students in fields like consulting, accounting, marketing and finance. Also, Smith School of Business has the highest number of graduates employed as CEOs or the same positions in Fortune Global 500 Corporations. It also offers a 12-month accelerated MBA for graduate students.

Smith School of Business Canada tuition fee is CAD 27 513.

Schulich School of Business – York University

The third-largest university in Canada, the school operates a flexible and liberal selection system. Likewise, the business school has a very easy application process, compared to other Canadian business schools. It offers undergraduate and postgraduate studies for both domestic and international students. All the same, it exceptionally stands for excellence with an innovative vision in areas of teaching and research.

Furthermore, the school has over 29 000 alumni who are gainfully employed in diverse sectors of the economy. This is because the students are impacted to find solutions to existing and emerging problems in these sectors. Moreover, the members of the faculty have outstanding study and work ethics which contribute to the general outlook of the school in terms of quality.

Schulick School of Business tuition starts at CAD 7,758.

Alberta School of Business – University of Alberta

Founded in 1916 and located in Alberta, the school is the oldest accredited school in Canada. In 2019, it ranked the fourth best business school in Canada. Its main priority is on corporate social responsibility and research.

In addition, the business school has made a big name for itself in the business world. By aligning with diverse facilities and investment stakeholders, the entrepreneurship studies at the Alberta Business School has taken a higher level.

Alberta School of Business tuition ranges between CAD 6387 and CAD 39 500.

Sauder School of Business – University of British Columbia

Located in Vancouver and ranked among the best 100 business schools in the world, this business plays a host to over 4000 students with around 70% being international students. There is a huge employment market for the school’s graduates. The application process is very tough and candidates are carefully chosen.

Sauder School of Business offers workshops on business development and semester trips abroad, in addition to several other side attractions that accompany the MBA programs. Moreover, the full-time programs run for 15 months and the part-time programs run for 20 months. The school also offers an 18-month MBA in healthcare. Following that, Sauder School of Business offers both classroom and online programs in fields like architecture and landscaping, art, archives and information, music, law, economy, business, and so on.

Sauder School of Business tuition fee is CAD 38,946.

John Molson School of Business – Concordia University

Established in Montréal in 1974, the school accommodates both local and international students. Without a doubt, it offers 18 programs in five different departments. John Molson School of Business is currently ranking 77th in the global ranking of the Executive MBA category of 2020.

Besides, the school keeps developing and allowing the students to strive to be better in the business world. The graduate programs span diverse courses including Investment Management, Chartered Accounting, Finance and Business Administration.

John Molson School of Business tuition fee is between CAD 6 800 and CAD 26 400.

University of Montreal (HEC Montreal)

Located in Quebec, HEC Graduate School was established in 1907. It was the first management school in Canada and also offers a range of programs, in both undergraduate and postgraduate studies. Since its inception, the HEC Graduate School boasts of traditional business schools, offering extensive certificates for both undergraduate and post-graduate studies. As a multilingual university, it offers certifications in English, French and Spanish.

HEC Graduate School tuition fee is CAD 7 500.

Sobey School of Business – Saint Mary’s University

Enjoying an international reputation for being a standard business school, the school cuts across undergraduate and postgraduate studies. Its courses are globally accredited, with over half of the students coming from over 100 countries. In addition, Sobey School of Business Canada has a global orientation which makes it easier to train students to world-class standards.

Sobey School of Business tuition fee ranges between CAD 17 778 and CAD 17 978.

Frequently Asked Questions

How much does a Business School in Canada cost?

The average cost of an MBA degree in Canada is in the range of CAD 30 000 and CAD 40 000 per year.

How long can You Study in a Business School in Canada?

Typically, the duration of most business schools in Canada is 2 years. However, some schools offer accelerated courses that would take between 12 and 18 months to complete.

Conclusion

Every one of the schools above has its uniqueness. Thus, choosing the best of them may not be easy for you. However, you can narrow down your options by first finding out what you want from a school and what school offers exactly or something close to that. Do not forget to consider your budget, academic goals and other conditions.