Canadian MBAs have recently gained recognition, making Canada one of the top three countries in the world for obtaining an MBA. Rotman School of Management, Smith School of Business, Schulich School of Business, and Desautels Faculty of Management are among the top MBA colleges in Canada.
International and Indian students pay between CAD 20,000 and CAD 130,000 for tuition at Canada’s top 20 MBA programs. However, the entire cost of earning an MBA degree from one of Canada’s best universities varies after factoring in housing fees, books, supplies, and so on.
In this post, we compare the top 20 Canadian MBA colleges and provide information on the top 5 most popular B-schools for MBA students.
What should be your target GMAT score?
Setting a goal GMAT score is a crucial part of your application strategy while contemplating an MBA in Canada. GMAT scores are frequently used as a benchmark by Canadian business schools to assess prospective MBA students’ quantitative and verbal skills. While target GMAT scores will differ depending on the specific Canadian MBA programs you are interested in, it is critical to strive for a competitive score that corresponds to the average GMAT scores of your target institutions. Take the quiz below to find out what your ideal GMAT score should be.
Compare Top 20 MBA colleges in Canada | Top business schools | GMAT score
The following is a comparison of the top 20 MBA universities in Canada based on cost, GMAT score, location, and type of MBA program offered:
| Sr.no | MBA colleges in Canada | Tuition Fees CAD (International student) | GMAT Score | Location | Type of MBA Program |
|---|---|---|---|---|---|
|
1. |
The University of Toronto – Rotman School of Management |
$131,120 |
670 |
Toronto |
Full time, Part-time, Executive, and dual degree |
|
2. |
Queen’s Smith School of Business |
$102,100 |
654 |
Kingston |
Full time, Part-time, Executive, and dual degree |
|
3. |
Western University – Ivey Business School |
$99,500 |
675 |
Montreal |
Full time, Part-time, Executive, and dual degree |
|
4. |
McGill University – Desautels Faculty of Management |
$99,500 |
675 |
Montreal |
Full time, Part-time, Executive, and dual degree |
|
5. |
York University – Schulich School of Business |
$106,900 |
660 |
Toronto |
Full time, Part-time, Executive, and dual degree |
|
6. |
UBC Sauder School of Business |
$90,057 |
650 |
Vancouver |
Full-time, Part-time, dual degree |
|
7. |
Alberta School of Business |
$60,000 |
650 |
Edmonton |
Full time, Part-time, Executive, and dual degree |
|
8. |
Concordia University – John Molson School of Business |
$41,500 |
640 |
Montreal |
Full time, Part-time, and Executive MBA |
|
9. |
HEC Montréal |
$54,000 |
625 |
Montreal |
Full time, Part-time, and Executive MBA |
|
10. |
Rowe School of Business |
$82,205 |
550+ |
Halifax |
Online, corporate residency, Dal MBA |
|
11. |
McMaster University – DeGroote School of Business |
$86,000 |
580-700 |
Burlington |
Full time, Part-time, and Executive MBA |
|
12. |
Brock University – Goodman School of Business |
$70,317 |
550+ |
St. Catharines |
Full-time, Part-time MBA, and dual degree |
|
13. |
University of Ottawa – Telfer School of Management |
$64,000 |
510-720 |
Ottawa |
Full time, Part-time, Executive, and dual degree |
|
14. |
Simon Fraser University – Beedie School of Business |
$58,058 |
615 |
Vancouver |
Vancouver Full time and Part-time |
|
15. |
Sobey School of Business |
$43,000 |
590 |
Halifax |
Full time, Part-time, Executive, and dual degree |
|
16. |
Wilfrid Laurier University |
$49,738 |
550-640 |
Toronto/Waterloo |
Full-time, Part-time MBA, and dual degree |
|
17. |
University of Victoria |
$38,419 |
550+ |
British Columbia |
Full-time, executive, and part-time |
|
18. |
Ryerson University – Ted Rogers School of Management |
$47,391 |
550-750 |
Toronto |
Full-time and Part-time MBA |
|
20. |
Edwards School of Business |
$54,854 |
550+ |
Saskatchewan |
Full-time and Part-time MBA |
Top 5 MBA colleges in Canada
Here are the best five Canadian MBA programs:
- Rotman School of Management at the University of Toronto
- Queen’s Smith School of Business
- Ivey Business School
- Desautels Faculty of Management
- Schulich School of Business
Take a look at the below live session with Rotman School of Management and Ivey Business School Admission Directors to learn why Canada is increasingly becoming the go-to destination for to educate a large number of MBA aspirants on how to successfully apply to top Canadian B-Schools for their MBA programs and to provide them with essential application advice:
University of Toronto’s – Rotman School of Management | GMAT Score
The Rotman full-time 2-year MBA Program is one of Canada’s largest and most diverse programs. Its campus lies in downtown Toronto, which is a major commercial and financial centre.
It is ranked third in Canada for Bloomberg Best Business Schools for an MBA. The typical GMAT score is 670. In 2023, the average base income for an MBA graduate will be CAD 87,000. Here is a brief summary of the program:
| Duration | Class size | Average GMAT Score | Tuition fees (International Student) | Teaching Approach | Average Salary including bonus | Popular Industry employment | Essay questions |
|---|---|---|---|---|---|---|---|
|
20 months |
275 |
670 |
$103,001 |
A model-based problem-solving approach |
$87,000 |
Finance |
1 written and two video essay |
What is the Rotman’s admissions committee looking for?
They are searching for a well-rounded candidate with high academic and professional success potential who will enhance Rotman’s reputation on campus and after graduation.
Your academic excellence can be demonstrated by a high GPA or GMAT score. However, you can utilize the “Spike factor” essay question on the Rotman MBA application to highlight your accomplishments, objectives, or any experience that shaped you to become who you are and what makes you special.
MBA Curriculum, Electives, and Majors
The Rotman MBA curriculum is comprised of essential courses (which are dispersed throughout the first year) and electives. In the second year of the MBA program, students may select from up to 90 elective courses and 15 specializations in order to customize their degree.
Among the available areas of Interest are:
- Consulting
- Global Management
- Health Sector Management
- Brand Management
- Business Design
- Investment Banking
- Risk Management and Financial Engineering
Rotman has pioneered the teaching of integrative thinking and business design, which teaches students to think beyond functional business areas and consider the big picture. According to Rotman, integrative thinking demonstrates how to use models to define and structure business challenges, thereby enhancing your ability to solve complex problems.
Flexible Internship Program
After the first year, Rotman’s flexible internship program allows students to pursue an internship during any of the three 4-month internship periods. The three distinct internship periods are as follows:
- May-August
- September – December
- January – April
Creative Destruction Lab
Creative Destruction Lab (CDL) is open to anyone interested in evaluating and constructing early-stage technology enterprises. Professor Ajay Agrawal founded CDL at Rotman in 2012, and the organization has since expanded to Vancouver (Sauder School of Business), Calgary (Haskayne School of Business), Montréal (HEC Montréal), Rowe School of Business in Halifax and Stern School of Business in New York City.
Rotman Students collaborate with CDL partners to develop financial models, assess potential markets, and refine scaling strategies. The selection procedure for the CDL course is competitive.
The CDL program accepts companies with backgrounds in artificial intelligence, quantum computation, clean technology, and health. The following are some organizations for CDL alumni:
- Thalmic Labs (Waterloo)
- Atomwise (San Francisco)
- Deep Genomics (Toronto)
- Automat (Montréal)
- Kyndi (Palo Alto)
Queen’s Smith School of Business | GMAT Score
The 12-month program at the Smith School of Business is highly individualized and flexible, allowing you to modify the program to your career goals. The average starting salary of a Smith MBA graduate is approximately $92,084 CAD. The average GMAT score of the 88 students enrolled in the MBA program at Queen’s University is approximately 654. Here is a concise summary:
| Duration | Class size | Average GMAT Score | Tuition fees (International Student) | Teaching Approach | Average Salary including bonus | Popular Industry employment | Essay questions |
|---|---|---|---|---|---|---|---|
|
12 months |
88 |
654 |
$ 102,100 |
Blend of -Experimental, simulation, and case studies |
$92,084 |
Consulting |
1 written and two video essay |
Who should apply to Smith School of Business?
The MBA program at the Smith School of Business may be an excellent choice if you want to acquire skills, graduate in one year, and begin working. The program is designed specifically for candidates seeking to advance their careers and develop their leadership skills.
The good news is that you can complete your MBA degree faster. However, you must forego the internship opportunities provided by a 2-year MBA program. Furthermore, this has no bearing on your MBA career outcome. The average salary of a Smith MBA graduate is comparable to that of MBA graduates from other business institutions that offer internship opportunities. In addition, the program offers two major business projects for students to acquire real-world business experience in lieu of an internship.
What is Smith’s MBA admissions committee looking for?
They are seeking exceptionally motivated candidates who exhibit academic excellence, leadership potential, career progression, and teamwork skills. Don’t neglect to highlight these qualities in your application to the MBA program at Smith.
Blended Teaching Style at Smith
The Smith School of Business has a distinctive method of instruction. The college has developed an approach that is innovative, effective, and one-of-a-kind by combining multiple pedagogical methods. There are five categories of instructional strategies:
The case method
- Experirential learning
- Class instruction and discussion
- Simulations
- Real-world business projects
MBA Curriculum
The flexible curriculum at Smith enables you to tailor your studies to your career objectives. The first six months of the program consist of an overview of business fundamentals as well as integrated team initiatives. In the second year, you select your individual project and fulfill your elective requirements. Here are some of the fundamental subjects taught in Business:
- Business Analytics
- Business and corporate strategy
- Finance fundamentals
- Managing human capital
- Operations and supply chain management
Some of the electives offered by the MBA program at Smith are:
- Analytical decision making
- Digital execution
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