List of Top 10 Business Schools in Canada with Tuition Fees

  • According to the QS World University Rankings of 2018, 7 of the world’s top 150 universities are Canadian. 
  • Rotman School of Management at the University of Toronto continues to be the highest-ranked full-time MBA program in Canada this year, having stayed at 54 in the global ranking. 
  • 5 Canadian Universities comes under the top 100 in QS 2020 Global Ranking of Universities.

Canada is one of the most popular countries for studies among international candidates. With top-ranking universities in the world, Canada provides easy immigration policies and an industry-oriented teaching approach.

Universities in Canada offers both full time and part-time courses, which gives students sufficient time to find a part-time so that they can manage their finances also.

QS 2020 Ranking of Top Business Schools of Canada

Business School Canadian Rank Global Rank
Rotman School of Management, University in Toronto, Canada 1 54
Desautels Faculty of Management, McGill University, Montreal 2 71
Ivey Business School, University of Western Ontario 3 75
Smith School of Business, Queen’s University, Ontario 4 78
Schulich School of Business, Toronto 5 83
Alberta School of Business, Edmonton 6 101-110
UBC Sauder School of Business 7 111-120
John Molson School of Business, Concordia University, Montreal 8 111-120
HEC Montreal 9 131-140
Sobey’s School of Business, Saint Mary’s University 10 151-200

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  • Rotman School of Management, University in Toronto, Canada

 

Joseph L. Rotman School of Management is commonly known as the Rotman School of Management. It is the University of Toronto‘s graduate business school, which is located in Downtown Toronto

There are 113 faculty members, out of which 98% have doctorates. Roger Martin served as the school’s dean from 1998 to 2013 and is considered as one of the most influential management thinkers in the world by Business Week.

As per the QS ranking 2020, Rotman School of Management is at no. 1 in Canadian Ranking and at no. 54 in Global ranking.

Business Programs offered here are:

  • Full-time MBA
  • Morning/Evening MBA
  • One Year Executive MBA
  • Global Executive MBA
  • Master of Finance
  • Master of Financial Risk Management

Fee Structure:

The annual fee for Full Time MBA for the Batch of 2020-2022 is listed below (in Canadian Dollar):

Approximate Fee Structure is below:

Particulars 1st Year Academic Fees 2nd Year Academic Fees
Canadian Citizens & Permanent Citizens $46,270 $46,270
International Students on Study Permit $63,020 $66,170

Admission Process:

  • Undergraduate Degree – A minimum GPA of 3.0 in the final year of the UG degree from a recognized university
  • GMAT or GRE Score – No minimum GMAT requirement. Both GRE and  GMAT scores are applicable while seeking admission.
  • Work Experience – 2 years of full-time work experience but there is no minimum requirement of the same.
  • Professional References – 2 professional references
  • Essay and Video Interview – Essay Writing, minimum 1000 words, and Video Interview
  • English Language Proficiency – Undergraduate degree from a recognized English Language University or TOFEL score of 100 overall, with a minimum of 22 in speaking and writing or IELTS score of 7.0 with at least 6.5 for each component.
  • Interview – If the candidates are considered for admission then they get an invitation for an interview.

 

  • Desautels Faculty of Management, McGill University, Montreal

 

In 1963, the Graduate School of Business Administration was established. Then it was later merged with the School of Commerce in 1968 to form the Faculty of Management.

The current QS Canadian Ranking of the college is 2 and Global Ranking is 71.

Business Programs offered here are:

  • MBA
  • Professional Part-time MBA, PMBA
  • Law MBA Program

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Fee Structure:

The approximate fee structure mentioned below;

Particular Annual Fees (CAD)
Canadian Citizens & Permanent Citizens $41,436
International Students on Study Permit $46,937

Admission Process:

  • An undergraduate degree.
  • GRE or GMAT 
  • TOEFL or IELTS.
  • Work Experience, a minimum of two years of relevant full-time work experience after completion of their undergraduate degree.
  • Essay Writing
  • Letters of reference.
  • Qualified Candidates will be called for interview

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  • Ivey Business School, University of Western Ontario

 

The Ivey Business School is named after Richard G. Ivey. In 1998, Ivey was the first North American business school that opened a campus in Hong Kong and offered an Executive MBA program.

Ivey Business School ranks at no. 3 & 75 in QS Canadian Ranking and Global Ranking 2020 respectively.

Business Programs offered here:

  • Full-time MBA
  • Accelerated MBA
  • Executive MBA
  • MBA Direct for HBAs

Fee Structure:

The approximate fee structure is mentioned below.

Particular Fees (CAD)
Canadian Citizens & Permanent Citizens $83,250
International Students on Study Permit $111,750

Admission Process:

  • Copy of Unofficial transcripts from all post-secondary institutions. 
  • Only 1 copy of official/certified transcripts will be required when a candidate is selected.
  • TOEFL, a minimum score of 100
  • IELTS, a minimum score of 7
  • MELAB, a minimum score of 85
  • PTE, a minimum score of 70
  • CAEL, a minimum overall score of 60 required with no part less than 60
  • GMAT 
  • Resume with a minimum of two years of full-time work experience
  • 2-3 completed reference forms
  • Essay Writing-2, Video Questions-2
  • Application fee of $150 CAD

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  • Smith School of Business, Queen’s University, Ontario

 

Smith School of Business was formerly known as the Queen’s School of Business. The school offers various graduate and postgraduate level programs to students. 

On October 1, 2015, the school was renamed as The Stephen J.R. Smith School of Business. Various scholarship programs are also offered by the college to its students.

The college ranks at no. 4 in QS Canadian Ranking and at no. 78 in QS Global Ranking.

 Business Programs offered here are:

  • Full-time MBA
  • Executive MBA
  • Accelerated MBA for Business Graduates

Fee Structure:

The approximate fee structure is mentioned below:

Particular Annual Fees (CAD)
Canadian Citizens & Permanent Citizens $83,000
International Students on Study Permit $95,000

Admission Process:

  • Complete online Application Form 
  • Resume – A resume that includes academic experience, work experience, memberships in professional associations, and other activities.
  • Official transcript from the post-secondary institutions attended by the candidate
  • GMAT or GRE 
  • English Proficiency Test
  • Cover Letter – Mention your current responsibilities and assignments, career achievements, reasons for applying to a business program and your professional & personal goals.
  • 2 References
  • Written Response-1 & Video Questions-2
  • Personal Interview, in person or on Skype

 

  • Schulich School of Business, Toronto

 

Schulich School of Business is located in downtown Toronto with one of its satellite campus in Hyderabad, India. Schulich offers various programs at the undergraduate, graduate and postgraduate levels. The business degrees offered here leads to successful careers of students in the private, public and nonprofit sectors, and has more than 29,000 alumni working in more than 90 countries. 

In QS Canadian Ranking 2020, the college is at rank 5.

Business Programs offered here:

  • MBA
  • International MBA
  • Executive MBA

Fee Structure:

The approximate fee structure is mentioned below:

Particular Fees (CAD)
Canadian Citizens & Permanent Citizens $17,912 per term
International Students on Study Permit $26,020 per term

Admission Process:

  • An undergraduate degree from a recognized institute.
  • Applicants with 3-year degree programs may be considered for admission with 1 year of work experience.
  • GRE or GMAT
  • Work Experience, a minimum of 2 years.
  • Essays-2, Videos Questions-2
  • Updated resume
  • 2 references
  •  Proof of English language – IELTS overall 7.0 & minimum 6.5 on each dimension, TOEFL 100 iBT, minimum 23 on each dimension

 

  • Alberta School of Business, Edmonton

 

Alberta School of Business was founded in 1916. The college had consistently ranked in the top 50 publicly-funded universities for research by the Financial Times of London.

The college offers different business programs and believes in fostering and supporting an environment where students can think, learn and work independently.

The Canadian QS ranking of the college is 6. 

Business Programs offered here:

  • MBA
  • Executive MBA

Fee Structure:

The approximate fee structure is mentioned below:

Particular Fees (CAD)
Canadian Citizens & Permanent Citizens $28,438
International Students on Study Permit $57,909

Admission Process:

  • Undergraduate Degree – A minimum grade point average of 3.0 or 4.0 in an undergraduate degree from a recognized university 
  • Professional Experience – A resume with all the sufficient details
  • GMAT or GRE – A minimum GMAT score of 550 or a GRE overall score of 50 percentile
  • English Language Proficiency – TOEFL 600 (paper-based test), or 100 (internet-based test), IELTS overall band score of 7.0, with at least 5.5 on each band, PTE (Academic) Overall score of 68
  • Letters of Reference – 2 letters of references
  • Statement of Intent – Letter of intent should be of 1-2 page long & applicant is supposed to mention all the necessary details asked
  • Interview – First Interview Online, 2nd interview, Face to Face (for those who cleared the first interview)

 

  • UBC Sauder School of Business

 

As per the ranking of Financial Times and The Economist, UBC Sauder School of Business is consistently ranking among top 100business schools. In 2015, QS Global 200 Business School report, the MBA program of UBC Sauder School of Business was indexed as the 16th best in North America.

The current Canadian QS ranking of the college is 7.

Business Programs offered here:

  • Full-time MBA
  • Professional MBA
  • International MBA

Fee Structure:

The approximate fee structure is mentioned below:

Particular Fees (CAD)
Canadian Citizens & Permanent Citizens $49,419
International Students on Study Permit $83,263

Admission Process:

  • Transcripts/degree certificates/translation
  • Letters of reference
  • GMAT/GRE Score
  • English Proficiency Exam Proof
  • Interview

 

  • John Molson School of Business, Concordia University, Montreal

 

The John Molson School of Business, Concordia University, Montreal ranks at no. 8 in the QS Canadian Ranking of the business schools and aims to provide quality education to its students. The team of expert and highly qualified faculty members is dedicated to providing a better learning experience. The curriculum offered here, allows the students to use their creativity while solving the problems. 

Business programs offered here:

  • Full-time MBA
  • Part-time MBA
  • Executive MBA
  • MBA in Investment Management

Fee Structure:

The approximate fee structure is mentioned below:

Particular Approximate Total Fees (CAD)
Canadian, Quebec Resident $6400
Canadian, Non-Quebec Resident $14,500
International Students on Study Permit $41,300

Admission Process:

  • Work experience – Minimum 2 years of full-time relevant work experience.
  • Academic credentials – Undergraduate degree from an unrecognized university, with a minimum GPA of 3.0/4.3. Total education should be equal to 16 years, including a bachelor’s degree.
  • A GMAT score of 580 or more.
  • English proficiency test – TOEFL iBT minimum score 95, IELTS (Academic) minimum score of 7.0 
  • Additional requirement – Video interview 

 

  • HEC Montreal  HEC Montreal was founded in 1906 and is known as the first established school of management in Canada. Apart from its own business programs, it also offers a joint Executive Business Program with McGill University.

In the Forbes non-US business ranking 2016 HEC Montreal ranked at no. 16.

The current QS Canadian ranking of the college is 9.

Business Programs offered here:

  • Full-time MBA

Fee Structure:

The approximate fee structure is mentioned below:

Particular Approximate Total Fees (CAD)
Canadian, Quebec Resident $8400
Canadian, Non-Quebec Resident $18,100
International Student $49,000
French & French Belgian Students $8400

Admission Process:

  • An undergraduate degree.
  • Work Experience, a minimum of 2 years
  • Pass one of the admission tests – GMAT score 630 or higher, suggested minimum: 570) or GRE (score equivalent to that of the GMAT)
  • English Proficiency Test Proof

 

  •  Sobey School of Business, Saint Mary’s University

 

In the most QS ranking of the Canadian Universities, Sobey School of Business has ranked in the top 10 universities. The college is accredited by AACSB and less than 5% of business schools have gained this accreditation. This college is also a member of the European Foundation for Management Development, EFMD.

Business Programs Offered here:

  • MBA
  • Executive MBA

Fee Structure:

The approximate fee structure is mentioned below:

Particular Fees (CAD)
Canadian Citizens & Permanent Citizens $29,546
International Students on Study Permit $41,635

Admission Process:

  • Admission Requirements – An undergraduate degree from a recognized university with at least an average GPA of 3.0/4.3 GPA or equivalent. Official transcripts from each post-secondary institution attended by the applicant.
  • GMAT score – a minimum of 550 obtained within the last five years or GRE
  • Work Experience – 2 to 3 years, but not mandatory. 
  • English language proficiency test score – TOEFL, IELTS or Pearson score. Tests cannot be more than 2 years old. Require at least 100 on the TOEFL iBT with each section 20 or higher, with an Essay Rating of 5.0 or above. Require an IELTS overall score of 7.0 with no band below 6.5. Require Pearson scores of at least 65.

Other Typical Living Expenses

In addition to tuition fees, there are other living expenses also which a student supposed to bear. The approximate cost of some of the expenses like Textbooks – $2000, Laptop – $1600  to $2000, Accommodation – $8000 to $14000, Food – $4000 to $5,500, Personal Expenses – $2000, Public transportation – $1300, Utilities – $1200, Health Insurance (UHIP) for International students – $636. The cost of living expenses could vary from student to student.

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