Study MBA in Canada- Our shortlist of Top 5 Universities
Read on to know about the five best universities to study MBA in Canada, their unique programs, fees and admission requirements.
So you’ve decided to study in Canada. Great choice! Canada is known to be one of the most welcoming and friendliest countries in the world. You can explore its vibrant cities like Vancouver, Toronto and Montreal and enjoy its natural wonders like the Rocky Mountains, Banff National Park and of course – the Niagara Falls. Canada is also popular for its amazing student life experience.
Thanks to the liberal policies of the Canadian government and booming economy in Montreal, Quebec, Toronto and Edmonton, NOW is the most perfect and rewarding time for international students to pursue MBA in Canada.
Let’s be candid here. Employability is what you’re looking for after overseas education. When compared to countries like the US, the UK and Australia, the Canadian visa regulations and job market look more promising for graduates. Also, where else do MBA students automatically get working visas for up to three years after graduation? And, if you opt for one-year MBA programs, you automatically get work permit for a year. What’s more? Neither do you need an employer’s sponsorship nor do you have to necessarily stick to one particular field for a job. Cool innit?
But now comes the next big question - which university do you choose? With over 40 business schools spread across Canada, we understand it is quite a task to zero in on THE one. Also, it’s important that you choose the right university as your employability depends largely on it. Here’s where we can help you – we’ve shortlisted 5 of the top business schools in Canada for you to choose from.
1. The University of British Columbia (NA)
The University of British Colombia (UBC) is a research-oriented university that houses Canada’s top business school. Ranked 25th in the World University Rankings 2019 by Times Higher Education, UBC’s Sauder School of Business focuses explicitly on MBA/Management centric programs. Its alumni include many entrepreneurs and CEO/COOs. It’s known to be North America’s most international university as international students constitute to about 30% of its student population.
The School offers a variety of MBA programs that are tailor-made to include internships, entrepreneurship projects, etc. Its MBA is ranked among world’s top 50 Global Elite business school programs by QS. This 16-month program trains you to strategize like a CEO and develop leadership skills. Its Global Immersion Experience allows you to spend 2 weeks abroad, where you learn hands on business strategies in local organizations. The program is crafted in a way that will train you in core business strategies, managerial skills, research methodologies as well as give you practical exposure by means of internship or entrepreneurial projects.
The School also offers a Dual JD/MBA degree that combines law and business administration. You’ll be trained in developing valuable skills for negotiations and merging/acquisitions in this 4-year program. By choosing this program, you expand your scope in areas like corporate law, investment banking, consulting and venture capital, to name a few.
2. University of Toronto (NA)
Ranked 28th by Times Higher Education in World University Rankings 2019, the University of Toronto (U of T) is almost two centuries old with over 72,000 full time students. Its state of the art facilities make it one of the top research-oriented universities in the world. You require a minimum score of 7.0 in ILETS or 93 in TOEFL IBT to secure admission.
Keeping in mind that students enroll for an MBA in Canada at different stages of their profession, the U of T’s Rotman School of Management offers a two-year MBA program that involves a 4-month paid internship opportunity. The program essentially dwells on basic business strategies and problem solving techniques with over 90 electives to choose from.
Furthermore, you get to customize your MBA program by choosing from a variety of majors they offer - such as Brand Management; Consulting; Financial Reporting and Analysis; Innovation and Entrepreneurship; Global Management and Investment Banking. These specializations help enhancing your employability. The program also involves the Self Development Lab – that gives you critical feedback on your business behavioral performance and communication style. The overall fee for international students comes to roughly CAD 120,680.
The Rotam’s School of Management also offers a Joint MBA (JD/MBA) program, which is their most popular international program. It’s a 4-year intensive program that combines law and business management. With deep insights into business strategies and legalities, you develop skills to become a top notch candidate. The annual fee for this program is CAD 57,160.
3. McGill University (NA)
McGill University, based in Montreal, Quebec, is ranked 84th by Times Higher Education 2019 in World University Rankings among Business Schools. Apart from GMAT/GRE, admission to McGill requires two years of full time work experience after your under-graduation. You’ll also require a minimum IELTS score of 6.5 or a minimum TOEFL IBT of 86.
McGill’s Desautels Business School offers an intensive MBA program that involves core modules pertaining to business statistics, finance and later move on to leadership, sourcing and globalization. You will then be able to specialize and choose modules from options like Marketing, Global Strategies, Finance and Business Analytics.
You’ll conclude the program with experiential learning that lets you intern with local organizations, embark on a 10-day international study trip or work on a specialized project under faculty guidance.
This MBA program is crafted to give you a consolidated experience – involving core knowledge, practical exposure and a free hand to specialize on the desired topic. There are also specialized career advisors who offer career guidance and support. The annual fee for the program is CAD 46,937.79 and there are several scholarships available for eligible students.
4. Western University
Founded in 1878, the Western University (WU) in Ontario is ranked 84th by Times Higher Education in World University Rankings 2019 among Business Schools. With over 4,300 international students coming in from 127 countries, WU is truly an international university. QS rates them with 5 stars in terms of education and student experience that go beyond classrooms.
WU’s Ivey Business School offers a 1-year core MBA program that begins each March. It is a project-based and course-based program.
While other programs include case studies as one of their teaching methods, Ivey’s MBA program stands apart by adopting a case-based curriculum, where over 300 cases are studied. This helps students learn how to manage from real-life situations. The program also has a global reach with an extensive network of partnership with business schools in Italy, Switzerland, New Zealand, the UK, China, South Africa - to name a few. With international study trips and faculties from across the world, you’re sure to experience global exposure.
The tuition fee for international students varies between CAD 106,500 and CAD 111,495 per year.
Besides an average ‘B’ score at the undergraduate level, you’re required to have at least 2 years of full time work experience and a GRE/GMAT completion certificate. You would also need a minimum score of 6.0 in ILETS or 86 in TOEFL IBT.
5. University of Alberta (NA)
The University of Alberta has found its way to the top 5 universities in Canada – courtesy of its rich research-centered curriculum. Founded in 1908, the university offers close to 400 programs. It’s spread across four campuses in Edmonton with students coming in from 150 different countries.
Alberta School of Business offers a two-year intensive MBA program, of which the first year involves core modules. You’ll complete 10 courses in teams consisting of 4-5 students, in which business fundamentals are largely focused on. Between year one and two, you’ll have an opportunity to complete the summer internship. In second year, you’ll get to pick a course of your choice and specialize in it. You’ll also get a unique opportunity to work with an outside organization on a strategic issue they’re facing.
MBA graduates of Alberta found their pre-MBA salaries to have jumped a whopping 95% after graduation. This is the highest ever hike among MBA graduates in Canada.
One of the most important requirements you need is work experience of at least two years. Apart from GRE/GMAT scores, you’ll also require a minimum IELTS score of 6.5 or a minimum TOEFL IBT of 88.
Most business schools in Canada require GRE/GMAT certificate, IELTS/TOEFL score and work experience (2 years at the least). The internship opportunities in these universities are an excellent way to create an impression with organizations. This experience will propel your employability in these firms.
So now that you have a fair idea about the top universities in Canada to study MBA, it’s time you start your application process. Take help from our admission guidance for Indian students to ensure a smooth application process.
If you’re still having doubts about which university to choose, reach out to us or chat with our expert guides who will be more than willing to help you out. You could also explore our FAQ session alternatively.
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