Why Pursue an MBA in Canada
Known for providing a high quality of life, Canada is home to approximately 600,000 international students, and the numbers keep
growing. If you want to pursue an MBA in Canada, here are some factors to consider:
- Job opportunities: Canada is the world’s 9th largest economy by nominal GDP and is listed as one of the best countries to liveand work. Canada’s employment rate is marginally better than the US. Job opportunities in Canada are booming across allsectors.
- High employability: Canadian business schools consistently rank in the top 100 business schools of the world. A record-breaking 96 percent of Rotman School of Management students gained employment within three months of graduation in 2022:58 percent of full-time MBA students in the class of 2023 are international students. In 2022, 96 percent of the MBA graduatesfrom the Ivey Business School received an offer. 40 percent of this class were international students.
- High return on investment (ROI): MBA programs in Canada for international students have a high ROI and positive
qualification outcomes. On average, it takes about four years to recover your costs, but it can be as quick as two to three years.In terms of salary, you can expect about a 75 percent increase (or higher) as compared to your pre-MBA salary. For example,the Smith School of Business has seen the average base salary of its graduates increase by 73 percent from pre-MBA jobs. - Attractive immigration policies: The Canadian government has made it easy for Indian students to apply for permanentresidency (PR) and citizenship, which could take five to 10 years in the US or the UK. However, in Canada, you can secure athree-year work permit to apply for PR immediately after.
- Affordable Education: Canada is far more affordable than the US and UK. The tuition cost of doing an MBA in Canada at anaverage college for international students is $30,435-$31,856. The universities also offer a variety of scholarships that couldhelp save money.
- Multicultural environment: Canada has many ethnic and cultural groups, with a sizeable Indian population. The number ofIndians who became permanent residents in Canada increased by more than 105 percent in the past decad.
The MBA Education System in Canada
Before considering applying for an MBA in Canada, you must have completed a recognized bachelor’s degree. Most business schools require a four-year undergraduate education, although some have recently accepted three-year bachelor’s degrees.
MBA programs in Canada are robust and can be tailored to your requirements. The duration of the MBA course in Canada is typically two years, but certain universities, such as the Smith School of Business and Ivey Business School, offer accelerated one- year programs.
Each business school has its own structure, but most begin with foundation or core courses. These cover topics such as leadership, organizational behavior, finance, accounting, strategy, and economics. Once you complete these courses, you can choose a specialization and related electives based on your desired industry, such as human resources, finance, marketing, or information technology.
Internships are often included in the curriculum at most business schools in Canada. These can be completed in any term after the core courses. For example, at the Rotman School of Management, the first year is dedicated to the core courses, followed by a summer break for internships. In the second year, you select your MBA major and electives. However, at the Desautels Faculty of Management, the fall term focuses on the core, and you can start choosing electives from the winter term.
In addition to the full-time MBA, Canadian business schools offer other MBA programs with different structures:
- Executive MBA (EMBA): This highly specialized MBA program lasts 13-15 months. It is designed for senior management applicants with an average work experience of 8 to 10 years, who continue working throughout the course. The EMBA enhances the skill levels of upper management to accelerate their career growth.
- Part-time MBA: This program is meant for working professionals who cannot take a year or two off for a dedicated MBA. It allows you to learn business fundamentals and offers weekday morning or evening classes. The program is spread over three to four years and may include week-long intensives during the spring or summer terms.
- Joint MBA or Dual degrees: This unique structure combines an MBA program with disciplines such as law, pharmacy education, medicine, engineering, fine arts, among others. It is designed to provide knowledge from two different sectors so that you can bring business insights to your chosen profession.
Admission requirements for an MBA in Canada vary by university but generally include a recognized undergraduate degree, successful completion of the GMAT/GRE or equivalent test, and meeting specific MBA application requirements.
International students interested in pursuing an MBA in Canada should also consider the visa requirements. This includes attending a visa interview and fulfilling the requirements for a Canadian visa application.
Popular Canadian Universities for an MBA
Canadian business schools are often featured in the top 100 on the ‘best business schools in the world’ lists. Some of the most popular MBA programs are at:
1. The Rotman School of Management, University of Toronto
Nestled in the vibrant heart of downtown Toronto, the prestigious Rotman School of Management is one of the top MBA programs in Canada. With a focus on research and academic rigor, this program equips students with the knowledge, agility, and confidence needed to shape their future. It seeks individuals who will continue the tradition of being catalysts for breakthrough thinking and a testing ground for bold solutions to complex problems.
The Rotman School of Management offers a blend of fixed and customized curricula for those aspiring to pursue an MBA in
Canada. During the first year, regardless of academic background or program, students participate in a unique core curriculum that provides an integrated perspective on foundational areas of business. This includes marketing, accounting, finance, operations management & statistics, economic analysis & policy, and organizational behavior & human resource management.
The MBA program offers over 125 electives. In year two, the regular course load is five courses. Students wishing to overload take a sixth elective. In addition, you can gain real work exposure through a capstone course that allows you to work with corporations. You can also attend an exchange to one of 24 partner universities in 17 countries and take study tours to China, India, Latin America, or the Middle East.
The Flexible Internship Program offered at Rotman MBA increases the number of available work placement opportunities. It enhances the learning experience for Full-Time MBA students by integrating the work placement into a formal course. The Flexible Internship Program expands the flexibility of internship work placement and the new associated course to be undertaken any time after the first year during the summer, fall, or winter terms. Using what is referred to as a “model-based problem-solving approach,” Rotman students learn to build and use models to frame, structure, analyze, and solve real-world business problems.
JD/MBA students are exempt from participating in the Flexible Internship Program.
What Makes Rotman School of Management Different?
International students considering an MBA in Canada, the Rotman School of Management offers a wide range of benefits. The strategic location in downtown Toronto provides unparalleled access to a wealth of opportunities and fosters deep connections with industry leaders, multinational corporations, and entrepreneurial ventures. Rotman’s strong reputation and emphasis on academic excellence make it a top choice for international students seeking to pursue an MBA in Canada.
When it comes to the admission requirements for an MBA in Canada, Rotman considers various factors, including academic background, work experience, and standardized test scores like the GMAT or GRE. International students, including Indian students, are welcome to apply and contribute to the diverse learning environment at Rotman.
As for the costs of doing an MBA in Canada, it is important to consider tuition fees, living expenses, and other related expenses. The Rotman School of Management provides valuable resources and support to help students navigate the financial aspects of their MBA journey.
Admission Requirements:
- 5+ years of full-time work experience
- 2+ years of mid-to-senior management experience (people, project, or budget management)
- Two professional references.
- Recognized undergraduate degree or equivalent.
- Successful completion of the GMAT/GRE or the equivalent Rotman EDT test
- Current full-time employment
- English language proficiency: TOEFL or IELTS score required for non-English language degrees.
- One essay, two video essays, and one timed written component.
- Interview (by invitation).
Some Other Factors to Consider:
- 31.7 percent of Rotman graduates selected Financial Services as a career.
- 96 percent were offered jobs within three months of graduation.
- 65 percent of international students in the class of 2024
- 45 percent of Women students in the class of 2024
2. Desautels Faculty of Management, McGill University
Located in Montreal, McGill’s Desautels Faculty of Management offers a variety of program options for MBA applicants, allowing them to pursue their ambitions and interests while pursuing MBA in Canada. These program options include the Full-time MBA, the Executive MBA, and the Joint MBA Law.
For the MBA admission requirements in Canada, applicants can choose between the 48-credit (MBA General) and 54-credit (MBA Internship) programs. It’s important to note that all students start at the same time and take the same number of classes. The difference in credits is based on the duration of the internship, not the classroom time. The 48-credit program can be completed in 12 months, while the 54-credit program takes 20 months, although many students choose to accelerate it and finish in 16 months. The program also offers specialization in finance, marketing, global strategy and leadership, business analytics, and entrepreneurship. Students have the opportunity to tailor their studies to their career goals and interests by choosing from over 50 management elective courses. An internship can be completed after completing the core courses.
What Makes Desautels Faculty of Management Different?
Desautels Faculty of Management’s MBA program recognizes the increasing demand for specific skills that are often overlooked in traditional MBA programs. These sought-after skills include artificial intelligence (AI), financial technology (fintech), data analysis, and design thinking. Desautels is committed to developing leaders who can make a difference and offers various leadership development programs and opportunities, including the Desautels Leadership Academy, the Desautels Leadership Foundation, and the Desautels Leadership Council.
Admission Requirements for MBA in Canada for International Students:
- 2+ years of full-time work experience
- Two letters of reference evaluating professional performance
- Four-year undergraduate degree
- Successful completion of the GMAT/GRE
- Current full-time employment
- English proficiency Test-TOEFL or IELTS: For international candidates who did not complete a degree from a recognized English-medium university, proof of English proficiency is required.
- Interview (by invitation)
- Three essay questions
Some Other Factors to Consider:
- 32 percent of Desautels graduates selected Consulting as a career.
- 94 percent were offered jobs within three months of graduation.
- 60 percent of international students in the class of 2024
- 31 percent of Women students in the class of 2024
3. Ivey Business School, Western University
Located in the quintessential Canadian city of London, Ivey Business School is highly diverse, with an international student population of 35 percent. In the upcoming batch of 2024, Indians comprised 24 percent of the class, the second largest after
Canadians. Ivey Business School’s program is designed for those looking to return to the workforce quickly, as it is just one year long. The first four months focus on core subjects such as accounting and control for managers, managing operations, effective communication, leadership in organizations, macroeconomics for business decisions, and strategy development and execution. From September to February, you can customize your MBA program to align with your career goals.
What Makes Ivey Business School Different?
Ivey MBA places a strong emphasis on case studies, making it the only business school in Canada to use them exclusively. It is the second largest writer of cases after Harvard Business School. Students in this program can expect to study about 300 cases. Ivey also boasts a robust network of over 30,000 alumni in more than 100 countries, providing students with valuable access to mentors, job opportunities, and other resources.
MBA Application Requirements:
- Unofficial transcripts from all post-secondary institutions. One copy of official/certified transcripts will be required if a candidate receives an admissions offer.
- GMAT or GRE score.
- GMAT requirement is waived for applicants who have passed all 3 Levels of the CFA designation.
- Resumé demonstrating a minimum of two years of full-time work experience.
- TOEFL or IELTS score.
- Two to three completed reference forms.
Some Other Factors to Consider:
- 46 percent of Ivey graduates pursue careers in Consulting.
- 92 percent of graduates were offered jobs within three months of graduation.
- 35 percent of international students in the class of 2024.
- 35 percent of women students in the class of 2024.
4. Smith School of Business, Queen's University
Queen’s University offers an MBA program for international students through the Smith School of Business. The city of Kingston is home to the Smith School of Business. The Class of 2022 had the highest average salary in the country at CAD 135,898, with 51 percent of graduates choosing consulting jobs.
Queen’s University MBA program has a strong commitment to innovation and entrepreneurship, offering various programs and initiatives to support students interested in starting their own businesses.
The one-year program at Smith School of Business combines case and traditional classroom teaching. The program is divided into six months of core courses and six months of electives. During the first six months, full-time MBA candidates are assigned to diverse teams of six or seven members based on gender, culture, and academic background. Students work together on core course assignments, projects, and presentations.
The Queen’s University MBA program covers a range of core subjects such as e-business analytics, economics and industry analysis, marketing fundamentals, operations, and supply chain management. It also offers over 23 electives and specializations including Digital Transformation and Financing of New Ventures.
What Sets Smith School of Business Apart?
Smith School of Business has a small class size of 80-90 candidates and a January start date, which means graduates enter the job market early. The school is dedicated to fostering innovation and entrepreneurship, offering programs and initiatives to support students interested in starting their own businesses. These include the Smith Entrepreneurship Centre, the Smith Venture
Competition, and the Smith Startup Garage.
MBA Admission Requirements for International Students:
- Minimum of 2 years full-time work experience (though exceptional candidates with less than two years of experience are also considered).
- Two professional references.
- Four-year undergraduate degree with a minimum of 75 percent in the final two years.
- GMAT score of over 600 or GRE score of over 315 on the combined verbal and quantitative section.
- English proficiency test (TOEFL or IELTS) for international candidates who didn’t complete a degree from an English-medium university.
- Three essay questions (two videos and one written).
- Interview (by invitation).
Other Factors to Consider:
- 51 percent of Smith graduates pursue careers in consulting.
- 96 percent of graduates secured jobs within three months of graduation.
- 30 percent of international students in the class of 2024.
- 46 percent of women students in the class of 2024.
5. Schulich School of Business, York University
York University is one of the highest-ranking Canadian MBA universities. It offers an MBA program through the Schulich School of Business, which is the highest-ranked business school in Toronto. The first year focuses on the core, and the second on real-world exposure.
The York University MBA curriculum includes 33 credits of core courses designed to equip students with a standard set of capabilities necessary for effective management in the private, public, and nonprofit sectors.
In addition to foundational core courses, students must complete 27 credits of diverse electives ranging from business consulting to sustainability.
The Schulich MBA program allows students to study full-time or part-time during the daytime or evenings. As part of the MBA specialization course program, students participate in the Strategy Field Study, an exciting consulting project that spans two terms. In this project, teams conduct a strategic assessment of an organization and its environment, and present recommendations to senior management. You can choose to accelerate your MBA in Canada and complete the program in as little as eight months with advanced standing.
What sets the Schulich School of Business apart?
Schulich School of Business believes in the value of hands-on learning. The school provides various opportunities, such as
internships, co-ops, and field studies, for students to gain practical experience and become familiar with the work culture in Canada. In the previous year, more than 90% of Schulich students took part in experiential learning activities.
Schulich is dedicated to preparing students for a globalized world. The school offers a range of international programs, including study abroad programs, exchange programs, and international internships. In the past year, over 50% of Schulich students participated in an international program of some kind.
MBA Admission Requirements:
- Relevant full-time work experience. Two professional references.
- Four-year undergraduate degree. Applicants with a three-year degree may be considered with an additional year of work
- experience.
- GMAT minimum score of 550/GRE scores.
- English proficiency Test-TOEFL or IELTS: For international candidates who did not complete a degree from a recognized English-medium university, proof of English proficiency is required.
- Essays: two written, one timed written, and two video.
Other factors to consider:
- 18 percent of Schulich graduates selected Consulting as a career.
- 89 percent were offered jobs within three months of graduation.
- 63 percent of international students in the class of 2024.
- 40 percent of women students in the class of 2024.
Average GMAT score | Average Undergraduate GPA | Average Work Experience (in years | Class Size (Fall) | Most popular incoming class major | Percent age of class with the most popular majors | International Student s | Women | |
|---|---|---|---|---|---|---|---|---|
674 | 3.6 | 4 | 275 | Business/Commerce | 31% | 65% | 45% | |
675 | NA | 5.5 | 65-85 | Business and Engineering | 35% each | 60% | 31% | |
530-760 | NA | 5.5 | 146 | Business | NA | 35% | 35% | |
640 | NA | 4.2 | 69 | Business | 25% | 30% | 40% | |
636 | 6.62 | 5.5 | 270 | Engg./Math/Science | 43% | 63% | 40% | |
535 | 3.2 | 5.4 | 53 | Engineering/ Financial services | 13% each | 49% | 30% | |
640 | 3.3 | 5.5 | 80 | Engineering | 26% | 49.2% | 40.2% | |
NA | NA | 7 | 101 | Engineering | 37% | 67% | 33% |
Disclaimer: These figures are subject to change by the respective universities.
Source: University websites.
Cost of MBA in Canada for International Students
Pursuing an MBA degree in Canada has become popular for students seeking advanced business education. However, it is important to consider the associated costs before making this decision.
| Program | Canada | US | UK |
| Full-time MBA | 35, 331 to 101,560 p.a. | 60,000 to 80,000 p.a. | 50,000 to 90,000 p.a. |
| EMBA | 59,768 to 103,533 | 150,000 to 220,000 | 50,000 to 130,000 |
| Part-time MBA | 50,000 to 100,602 | 50,000 to 200,000 | 40,000 to 100,000 |
Disclaimer: Costs are approximate as of 2023 and subject to change. The duration of MBA may vary. UK Full-Time MBA can be one year. All figures are in USD. International students must review immigration regulations before considering part-time study.
When looking at the cost of doing an MBA in Canada for Indian students, one often overlooked facet is the cost of living. This should be taken into account as a criterion when selecting a business school.
| Canada | US | UK |
| 15,352 – 21,514 per year | 34,111- 87,833 per year | 19,920 – 25,680 per year |
Source: university and government websites.
| Expenses | Approximate yearly costs |
| Accommodation | On campus:10,000 Off-campus: 5,900 |
| Public transportation | 1,000 |
| Food | 2,900-3,700 |
| Health insurance for international students | 550 |
| Study material and stationery | 1,500 |
| Personal Expenses | 1,500 |
Disclaimer: Costs will vary by individual. All figures are listed in USD and based on residency in downtown Toronto. Figures are subject to change.
Source: The Rotman School of Management, 2023
A Canadian education consultant can help estimate the total cost of an MBA in Canada for Indian students.
MBA Scholarship in Canada for Indian Students
Aiming to attract talented candidates, Canadian MBA universities offer scholarships for international students to study in Canada for those with unique profiles. Here are some MBA scholarships that apply to Indian students:
Scholarship | Details |
Forté Fellowship Awards | Multiple universities | Merit-based scholarship for women who exhibit exemplary leadership, represent diverse backgrounds, and demonstrate a commitment to advancing women in business. Value: CAD 10,000 to CAD 40,000 |
Entrance Awards | The Rotman School of Management, University of Toronto | Merit-based scholarship. Value: CAD 10,000 to CAD 90,000 |
30% Club Full-Time MBA Scholarship | The Rotman School of Management, University of Toronto | Merit-based scholarship for women with substantial academic or professional achievements. Value: Half tuition |
Diversity & Inclusion Award | The Rotman School of Management, University of Toronto | Merit-based scholarship for underrepresented communities (Black, indigenous, and women). Value: CAD 10,0000 |
Joseph L. Rotman Scholarship | The Rotman School of Management, University of Toronto | Merit-based scholarship. Value: Full tuition |
Adam Dinkes MBA Leadership Award | Desautels Faculty of Management, McGill University | Merit-based scholarship for those who have demonstrated leadership skills. Preference is given to students with an interest in entrepreneurship. Value: CAD 10,000 |
Duerksen MBA Leadership Award | Desautels Faculty of Management, McGill University | Merit-based scholarship for those who have demonstrated community leadership or work in the not-for-profit sector in developing countries. Value: CAD 10,000 |
Daniel Galvao MBA Leadership Award | Desautels Faculty of Management, McGill University | Merit-based scholarship for those who have demonstrated leadership skills. Preference is given to female students from developing countries. Value: CAD 10,000 |
Dominic K.M. Lai MBA Fellowship | Desautels Faculty of Management, McGill University | Merit-based scholarship. Preference is given to students from Asia. Value: Varies |
Ip Kim Hung MBA Leadership Award | Desautels Faculty of Management, McGill University | Merit-based scholarship for those who have demonstrated leadership skills. Preference is given to students from countries in Asia. Value: Varies |
Samer Bekai-Saab MBA Entrance | Desautels Faculty of Management, McGill University Fellowship | Merit-based scholarship for those who have demonstrated leadership skills. Value: Varies |
Tullio Cedrashi MBA Leadership Award | Desautels Faculty of Management, McGill University Fellowship | Merit-based scholarship for those who have demonstrated strong leadership qualities. Value: CAD 10,000. Non-renewable |
Scholarships and Awards | Ivey Business School, Western University | Merit-based awards and scholarships for those who have demonstrated leadership qualities through education, activities, and work experience. Value: CAD 10,000 – CAD 65,000 |
Ivey Global Leader Award | Ivey Business School, Western University | Merit-based scholarship for those who have demonstrated leadership potential in their previous experience and will bring valuable international perspectives to the classroom environment. Value: CAD 50,000 |
General Entrance Scholarships | Smith School of Business, Queen’s University | Merit-based scholarships Value: CAD 10,000 – full tuition |
Len Morrow MBA Scholarship | Smith School of Business, Queen’s University | Merit-based scholarship for women who have demonstrated strong leadership. Value: Varies |
Liana Tesan Memorial Scholarship | Smith School of Business, Queen’s University | Merit-based scholarship. Value: Varies |
Dean’s MBA Admission Scholarships | Smith School of Business, Queen’s University | Merit-based scholarship. Value: Varies |
Stephen J.R. Smith MBA Scholarships | Smith School of Business, Queen’s University | Merit-based scholarship. Value: Varies |
Dean’s International Scholarship | Schulich School of Business, York University | Merit-based scholarship. Value: CAD 6,000 |
International Student Award | Schulich School of Business, York University | Merit-based scholarship. Value: CAD 5,000 |
International Student Fellowship | Schulich School of Business, York University | Merit-based scholarship. Value: CAD 5,000 |
Ontario Graduate Scholarship | Canadian Government and multiple universities | Merit-based scholarship. Value: CAD 15,000 per academic year. |
Education Future International Scholarship | Merit-based scholarship. Value: CAD 3000-16,000 |
GyanDhan Scholarship | Merit-based scholarship. Value: CAD 1650 |
MPOWER Global Citizen Scholarship | Merit-based scholarship. Value: USD 2,000 – USD 10,000 |
MPOWER MBA Scholarship | Merit-based scholarship. Value: USD 2,000 – USD 10,000 |
Sandhya and Swati Sharma MBA Leadership Award | Merit-based scholarship. Value: CAD 10,000 per academic year |
Some of the leading education consultants in Canada offer support for students who are interested in applying for MBA scholarshipsto study in Canada.
Top MBA Programs and Specializations for International Students in Canada
Canada is home to some of the best MBA programs in the world, attracting students from around the world. Canadian universities and business schools structure their courses with flexibility, offering combinations that are popular among international students, such as:
- MBA in Finance – This MBA specialization provides valuable skills for candidates looking to manage a company’s financial decision-making or work with global financial institutions. It is commonly chosen by students seeking to enter the financial sector. Renowned programs are offered by Rotman School of Management and Sauder School of Business. In addition to general courses like marketing and strategy, you will study personal and corporate financial management, capital management and budgeting, mergers and acquisitions, advanced capital structures, international finance management, and risk reduction. Upon completion of this program, you will have access to a growing sector that provides employment opportunities to approximately 70 percent of MBA graduates each year.
- International MBA (IMBA) – As the name suggests, this program prepares you for a career in international business. With global commerce and trade playing a crucial role in our global economy, it is wise to consider an IMBA. The focus is on different economic environments worldwide, teaching you how to manage teams from diverse countries and organizational backgrounds. Several universities, including Rotman School of Management and Alberta School of Business, offer this program. The typical duration of an IMBA in Canada is two years, with the option to switch to part-time in the second year. Schulich School of Business offers a popular IMBA with 17 different specializations. Courses cover regional analysis, international strategy, global financial accounting, and concurrent marketing strategies for other markets. The IMBA is suitable for candidates from any sector, as it covers various disciplines. It is designed for students envisioning themselves in a company with international operations and requirements.
- Dual and Joint Degrees – Certain MBA universities in Canada offer dual or joint degrees in association with another graduate department over a period of two to four years. This does not mean that you’re studying two separate MBA specializations in a shortened period, but rather that both fields of study are integrated to enhance your understanding. You would require adequate credits to graduate with both degrees. Here are some popular ones:
- MBA/Master of Fine Arts (MFA): If you are interested in a management career within arts and culture, you might want to explore this joint MBA program in Canada. The Schulich School of Business offers it, which allows you to delve deep into your creative pursuits over three years while gaining an organizational perspective. This program is meant for students with a background in the arts but is not limited to them. The program focuses on creating the ideal candidate for the various creative industries encompassed by broadcast, digital, and social media.
- MBA/Master of Engineering (ME): This is another dual degree offered by some leading MBA universities in Canada, such as Ivey Business School and Alberta School of Business. This two or three-year program combines engineering principles with management and strategy. This program is meant for applicants with undergraduate degrees in engineering who are looking to increase their technical and management skills. Key aspects cover data analysis, project management, global business regulations, and supply chain management. As engineering and technology take center stage, this course prepares you to manage tomorrow’s tech companies, requiring technical skills and business acumen.
- MBA/JD (Juris Doctor): This four-year hyper-specialized business program combines a law degree and an MBA, allowing you to navigate the global business environment. This program is meant for those students who want to expedite their process of obtaining a doctorate and a degree. This program is structured to give students the skills and knowledge to be influential legal advisors, policymakers, and private, public, or non-profit managers. Financial institutions often recruit from this program for capital markets, as the students bring legal knowledge to financial transactions. MBA application requirements for this course needs the candidate to take LSAT exam and the GMAT. Work experience is not mandatory for some universities but could help with your admissions.
- Global Executive MBA for Healthcare and the Life sciences: The Global Executive MBA for Healthcare and the Life Sciences is an 18-month program designed specifically for working professionals in the healthcare and life sciences industries. It provides students with the knowledge and skills necessary for success in healthcare management, with a focus on innovations in pharmaceuticals and biotechnology, medical technology, medical informatics, telemedicine, insurance, patient engagement,long-term care, and health system design. This program is offered at the Rotman School of Management.
In recent years, MBA programs in Canada have expanded to include additional specializations such as Machine Learning and Financial Innovation, Blockchain and Decentralized Finance, Supply Chain Management, Business Intelligence and Data Analytics, Entrepreneurship and Innovation, Real Estate Studies, Global Energy Management, and Sustainable Development.
These are just a few of the programs available for Indian students to study in Canada. Education consultants with expertise in Canada can provide you with more information and options..
Intake and Deadlines for MBA in Canada
Business schools in Canada have varying intakes. Fall and Winter are the most common intake months in Canada for MBA programs, with a handful of universities offering a Spring or Summer intake for a limited number of programs.
The application deadline for each intake varies and consists of multiple rounds, some even going up to Round 6. You should apply in Round 1 as the available seats reduce with every subsequent round, and the latter rounds are usually reserved for domestic students.
Below are the deadlines for most MBA programs intake in Canada, but these can vary significantly. Some schools, such as Schulich School of Business, close their Round 3 application deadlines for the Fall intake as early as October of the previous year. And some can stretch it into April of the current year, such as Rotman School of Management and HEC Montreal. It is essential to check the deadline for each university with a consultancy for studying in Canada.
Intake | Starts In | Deadlines In |
Fall | August – September | Round 1: August – October of the previous year Round 2: January of the course year Round 3: March of the course year |
Winter | January | Of the previous year: Round 1: Jan to March Round 2: March to April Round 3: April to May |
Spring (Summer) | March-May | Of the previous year Round 1: March to May Round 2: May to August Round 3: August to December |
Most students choose to defer attending business school from the Spring intake to the Fall intake due to better job placements. However, some schools, such as Ivey Business School, only offer a Spring intake in March.
Application Requirements for MBA in Canada
Each program has specific general MBA admission requirements for Indian students to study in Canada. Remember, meeting the minimum requirements does not guarantee admission.
Undergraduate Degree and Transcripts:
An undergraduate degree from a recognized post-secondary institution with a minimum B average in the last two full years (or equivalent) of academic work is required. Most Canadian business schools require a four-year degree, but in some cases, like Schulich School of Business, even a three-year degree is accepted. Always check with the individual schools. You will also require official transcripts to be sent directly from your post-secondary institution.- GMAT/GRE Score:
Most MBA applications requirements mandates taking the GMAT or GRE. However, some schools, such as the Rotman School of Management, offer a waiver to students who have passed all three levels of the CFA designation. The school will require confirmation of your CFA level 3 pass. Regarding the GMAT or GRE, there is no minimum score, but you can always check the average admission score for each school on their websites. The median GMAT score varies between 550 and 630. But if youwant to get into competitive programs, you should aim for a score that is 20 to 30 points higher than the class average. - IELTS/TOEFL Score:
English language proficiency is part of the MBA application requirement in Canadian universities. For TOEFL, you should aim for a score of around 100 or have an IELTS score above 7.0. However, some universities, like McGill University, may waive the English proficiency test if you completed your undergraduate studies in a recognized university where English was the language of instruction. It’s important to check the specific requirements of each university. - Work Experience and Resume:
Most MBA programs require a minimum of two years of work experience, although the average is typically around 4 to 5 years. Each university may have its own format for creating an MBA resume, so it is advisable to follow their guidelines. Your resume should highlight your academic and professional experience, membership in professional associations, community involvement, and extracurricular activities. - Letters of Recommendation (LOR):
Letters of recommendation, also known as professional references, provide valuable insights into your performance and managerial potential. Some MBA programs, like the Rotman School of Management, prefer professional recommendations from individuals who have closely worked with you. Others, like the Schulich School of Business, may also accept academic recommendations as part of your MBA application. Depending on the program, you will need to provide the names and email addresses of two to three individuals.
The Letter of Recommendation (LOR) should cover various aspects, including your relationship with the referee, the responsibilities you executed on the job or in academia, any noteworthy achievements, the potential they see in you, and the areas where they see future growth for you, particularly through an MBA program at the esteemed university. - Essays and Video Essays:
Essays are crucial in the MBA application process at Canadian business schools as they allow you to differentiate yourself from other applicants. Consider them as a marketing piece where you are the product.
Most business schools will ask you to answer two or three questions with varying word limits. For example, when applying for the Ivey MBA, you are required to provide 250-word answers for three questions. Some business schools, like the Schulich School of Business, have added a video essay requirement in addition to written essays. On the other hand, the Smith School of Business at Queen’s University requires a cover letter instead of an essay, along with two on-the-spot video questions and a written response. In timed video essays, you will be asked to answer a question in writing. Unlike the written essays submitted with the application, this short essay question (maximum 250 words) is written with limited time for deliberation. You will have up to five minutes to answer a question.
Your essays need to be well-structured and authentic. Admissions committees come across thousands of essays and can easily spot false claims. They look for interesting ideas, correct spelling, and proper syntax. - Interview:
After your applications have been processed, some Canadian MBA universities and schools may require an interview with school officials. The purpose of this interview is to assess the compatibility of the applicant with the school. The interview questions will focus on your personal and professional life, goals and aspirations, as well as the reasons for choosing a business school.
A good MBA consultant can help prepare you for individual school interviews.
Visa for MBA in Canada for International Students
Study Permit
When applying for a Canada visa, it is important to include the cost of living in addition to the cost of the MBA program in Canada for international students. This is because you will need to demonstrate that you have enough funds to cover your expenses when you apply for a study permit. It is also crucial to be aware of the requirements for an MBA in Canada for Indian students and the Canada visa application process. In addition, you will also need a visitor visa or an electronic travel authorization, which will be issued along with your study permit.
Example:
Minimum funds needed to support yourself as a student (and family members who accompany you):
Persons coming to Canada | Amount of funds required per year (doesn’t include tuition) | Amount of funds required per month (apart from tuition) |
You (the student) | CAN$10,000 | CAN$833 |
First family member | CAN$4,000 | CAN$333 |
Every additional accompanying family member | CAN$3,000 | CAN$255 |
Source: Government of Canada website (How Much Money Do I Need To Study In Canada As An International Student? – Canada Immigration and Visa Information. Canadian Immigration Services and Free Online Evaluation.)
Disclaimer: These figures are from 2021 and are a subject to change.
Your MBA in Canada can expedite the process of obtaining permanent residency (PR). Depending on the institution and course, you may be eligible for a three-year work permit. This allows you to work and apply for PR simultaneously, with Canadian education contributing to your points tally. Once you have PR, you must reside in Canada for three years before applying for citizenship.
In contrast, the United States may have more lenient policies. Obtaining PR or a green card in the US depends on the industry and position you pursue. The waiting time to receive PR can range from 3 to 10 years.
As an international students, many MBA applicants aspire to get a work permit in Canada for a few years after graduation. Gaining work experience in Canada enhances your resume and can benefit you if you decide to return to your home country in the future.
Employment is a crucial factor when selecting a business school, and a Canadian visa stands out from its more prominent neighbor. Getting an MBA in Canada offers a unique advantage that no other country can match: a relatively straightforward path to permanent residency. To address its historic labor shortage, the Canadian government has introduced the federal Express Entry system, which grants specific points for Canadian education. This has made it easier for international graduates to immigrate to Canada.
In essence, an MBA from a Canadian university can virtually guarantee permanent residency and a well-paying job within six months of completion. This process is more challenging and time-consuming in the US or UK, taking anywhere from 5 to 10 years.
Work During Study
During vacations, you are eligible to work full-time. However, please note that the permit only allows for 20 hours of work per week, and exceeding this limit would violate the visa regulations. However, in 2022, due to the nearly one million job vacancies, the
Canadian government has temporarily relaxed this rule. This measure will enable over 500,000 eligible international students who are already in Canada to work additional hours.
Post-Graduate Work Permit
After graduating from a university, you can work in Canada on a Post Graduate Work Permit (PGWP). The only two criteria are:
- Your university must be a Designated Learning Institute.
- Your program must be at least eight months long.
If you have studied for more than eight months and less than two years, then your PGWP will be valid for the same duration as your program. However, if you have completed a two-year program, you are eligible to work for three years. Even if you completed a two- year program earlier, you may still qualify for a three-year PGWP. All the top MBA programs in Canada are Designated Learning Institutes, and most graduates are eligible for a three-year work permit.
The PGWP allows MBA graduates to work in Canada without needing a job offer. However, if you have a job offer, it may have additional benefits for your Canada work permit application.
If you are considering pursuing an MBA in Canada and are interested in obtaining a Canada work permit, it is advisable to research the specific requirements and time limits associated with the program and university you are interested in.
School | Duration | Post Graduate Work Permit | Designated Learning Institute |
The Rotman School of Management, University of Toronto | 20 months; 16-month of academics and four months of paid internship | The Full-Time MBA allows for a three-year Canadian work permit | Yes |
Desautels Faculty of Management, McGill University | 12, 16, and 20-month programs | Allows for a three-year Canadian work permit after graduating from a two-year MBA program. Note: You require a Certificate of Acceptance of Quebec (CAQ) | Yes |
Ivey Business School, Western University | One-year program; with two weeks of optional Preparatory courses | One-year work permit | Yes |
Smith School of Business, Queen’s University | 12 months | One-year work permit | Yes |
Schulich School of Business, York University | 16 – 20 months; Accelerated 8 to 12 months | Allows for a three-year Canadian work permit | Yes |
Alberta School of Business, University of Alberta | 20 months | Allows for a three-year Canadian work permit | Yes |
John Molson School of Business, Concordia University | 16 months to 24 months | Allows for a three-year Canadian work permit | Yes |
UBC Sauder School of Business | 16 months | Allows for a three-year Canadian work permit | Yes |
The best part about the Canadian Post Graduate Work Permit is that it remains valid even if you do not have a job.
When compared to the US OPT Visa, which requires students to secure a job within 90 days or they must leave the country, thePGWP allows MBA graduates some much-needed breathing space. Remember that you can’t apply again if you have received the PGWP once.
Spouse Visa
In addition, your spouse or common-law partner is also eligible for a work visa and can work under an open work permit during your PGWP period.
Continued stay in Canada
You can use your relevant work experience, language skills, and education to qualify for Express Entry and secure permanent residence in Canada.
Why The Red Pen
The Red Pen is dedicated to finding the “best-fit” institution for you. We strive to assist our applicants and their families by first understanding their cultural background, financial plans, long-term goals, interests, academic performance, and professional expertise.
- Our consultants include graduates from 15 of the top 20 global business schools, such as the Wharton School of the University of Pennsylvania, Columbia Business School, INSEAD, HEC Paris, The New York University Leonard N. Stern School ofBusiness, UCLA Anderson School of Management, Samuel Curtis Johnson Graduate School of Management, IESE Business School, and more.
- We have country specialists with extensive knowledge about leading business schools, their values, application requirements, and processes in the US, UK, Canada, Europe, Singapore, and other regions.
- Our experienced writers brainstorm and edit over 500 essays and resumes annually. Their work has been published or featured in various media outlets, including the Hindustan Times, Economic Times, Indian Express, Mumbai Mirror, Business Standard, The Financial Express, Yahoo! Finance, and others.
- We have worked with applicants from various backgrounds, including finance, investing, technology, retail, advertising, marketing, management consulting, family business, not-for-profit, and the armed forces.
Testimonials
“Thank you very much, The Red Pen team – Prabhnoor, Trina, and Mehnaz. Your guidance was instrumental in getting her early admit offer in ‘Computer Science’ at UofT St George campus. The topping on the cake was an exceptional scholarship award. I strongly recommend ‘The Red Pen team’ to guide teenagers for college admissions in Canada.”
– Sandeep Kalsi
“Namita graciously accepted our invite to come for a face-to-face session at our school – Sparkling Mindz Global School. It was great talking to Namita and Sheetal about human motivation and inspiration and finding so many common points of exploration.What stood out for us was – There is a best fit path for every child and we can together find it. Dreams need to be carved out of rigor and passion on the learning journey. The passion and commitment to motivate and ensure the best fit path for each child was very visible in their interaction. The parent and student community gained a lot of clarity based on their experience and knowledge. Wewere able to get insight into subject selections and what is of vital importance when thinking about higher education. Also children were able to get a first hand glimpse of what was needed to give them the edge from the ones who support so many achieve their higher education dreams. We are looking forward to keeping in touch and doing more interactive sessions with you.”
– Sreeja Iyer
“The Red Pen as a whole exceeded my already high expectations. Wanting to do a BA in Pastry Arts, Dhishana helped improve my college essays with numerous back and forth on edits as well as calls to carefully explain the required changes. Prishma (personal counsellor) guided me throughout the entire journey: college comparisons and selection, helping with essays, interview preparation, CV and helped in making this confusing process straightforward and enjoyable. She is highly knowledgeable, well-informed and an excellent counsellor. Thank you Prishma, Dhishana and The Red Pen Team.”
– Ayanna Lobo
FAQs
Can I still apply if I don’t meet the minimum requirements?
It depends on which requirement you don’t fulfill for your MBA applications in Canada. For example, some business schools offer waivers for GMAT scores and the length of the undergraduate programs. Always check with individual schools for the same.
When is the best time to apply?
It is recommended that you apply from Round 1 itself. This increases your chances of getting admission, as fewer spots are available for you the deeper you get into the rounds. The last few rounds are often reserved for domestic students.
Should I wait for the application deadline to apply?
No, it’s better not to wait until the last minute in case of any additional MBA application requirements.
Am I guaranteed admission if I meet the minimum requirements?
An MBA is a competitive program with a high volume of applicants. Your profile must be attractive to the Canadian business schools you are applying to. Minimum requirements are there to define the ideal candidate but do not guarantee admission.
When do I get notified about my MBA application status?
On average, you can expect a response in 4-6 weeks, but this could vary for different schools.
Does an internship count as work experience?
Yes, it does count towards your work experience, especially if it is a hyper-specialized form of work. If you’re also looking to shift industries with an MBA in Canada, an internship in your chosen field can help with employment.
Canada is a great destination for international students with a high living standard, excellent healthcare system, exceptional colleges, and highly immigrant-friendly visa rules.
If you are interested in applying for an MBA in Canada, you can reach out to us.