Knowing how to run a business in Canada is usually profitable. This is because the best undergraduate business schools in Canada offer top-notch business education. These top business schools in Canada train students who graduate to become world-class entrepreneurs.
Are you a high school student that is aspiring to become a big business owner someday? Are you a college student that is in search of the best MBA schools in Canada to increase your chances of securing a better job? Do not worry because we have the solution here.
Currently, international business is one of the fastest-growing fields of business. This is the reason why there are over 40 colleges across Canada that offer some type of business program. These top business schools in Canada are for students that wish to work for leading corporations. Students that wish to operate their own companies also study in any of these business schools so as to acquire the knowledge.
If you wish to complete a bachelor’s in business or an MBA with a concentration in management, institutions in Canada can help you earn the degree that you want.
So, in this article, we have compiled the list of the best business schools in Canada that will guarantee you the best education in business.
Why study business in Canada?
The major reason students choose to come to Canada is the quality of education in Canada. A degree from any Canadian business is widely recognized as equal to one from the United States, Australia, or the United Kingdom.
International students that come to study in any top business school in Canada usually find education very affordable. The average undergraduate tuition for an international student is $16,746 USD per year. But in the U.S, it is ($24,914 USD), Australia ($24,081 USD), and the United Kingdom ($21,365 USD).
On the other hand, students choose to study in Canada because of the safety in the country. In 2016, the Institute for Economics & Peace ranked Canada as the 8th most peaceful country in the world.
Finally, international students in Canada can work up to 20 hours per week. This, they can only do during school terms and full-time (30 hours/week) during scheduled breaks like summer vacation.
The majority of the students don’t need a work permit to work while studying, whether it is on-campus or off-campus.
What requirements do I need for a Business School In Canada?
Before you study the Bachelor of Business Administration (BBA) in Canada, there is a range of entry requirements that you need to have. They include:
In addition, the minimum requirements for each business school in Canada are different. So, ensure that you check with the institution you’re applying to.
A Foundation Course, also known as a bridging study can help a student to meet the entry requirements that are the same as the academic requirements of a Canadian high school qualification. It usually takes a year to complete and are offered by most universities.
How long will it take me to go to a Business School in Canada?
A Business and Management degree program is available for a different level of studies including a bachelor’s degree, master’s degree, and a Ph.D. The duration of the study for these levels are also different.
Institutions in Canada may have different duration of study for a program of the same level as well.
A bachelor’s degree in business will take 2 to 4 years to complete. It will take students 1 to 2 years to acquire a master’s degree (MBA) in business in Canada.
Above all, a Ph.D. in business will take 1 to 2 to complete in Canada.
How much will it cost me to acquire a business degree in Canada?
The total cost of acquiring a business and management degree depends on your level of study and institution. Acquiring an MBA in Canada can be relatively expensive in terms of tuition fees.
According to study levels, below are some of the estimated tuition fees of studying Business and Management in Canada:
|Program||Estimated Tuition Fees Per Year|
|Bachelor’s degree||RM90,000 – RM120,000|
|Master’s degree||RM100,000 – RM140,000|
|Ph.D.||RM60,000 – RM100,000|
What are the Best Business Schools in Canada?
List of the best undergraduate business schools in Canada
We have put together a list of the top business schools in Canada in 2020 that offer bachelor’s, MBA, and doctoral degrees for you.
The selection of the top business schools in Canada was done based on the number of programs, ranking, tuition fees, data from reliable government sources, student surveys, college graduate interviews, and editorial review.
So, based on these criteria, here is a list of the best business schools in Canada:
#1. Sauder School of Business, University of British Columbia
The UBC Sauder Business School is located in Vancouver, on the Point Gray campus at the University of British Columbia. It has undergraduate and graduate enrollment of approximately 4,000 students.
The MBA program here is ranks top 50 Global Elite Quadrant for employability and research excellence all over the world. According to the Times Higher Education World University Rankings in 2016-2017, this business school in Canada was ranked 1st in Canada and 19th world-wide in business and economics studies.
The undergraduate tuition and fee is 42,179 CAD (out-of-state) and 52,541 CAD (international tuition).
#2. Schulich School of Business, York University
This is the business school of York University which is located in Toronto, Ontario, Canada. Schulich School of Business offers business degrees on the undergraduate, graduate and postgraduate levels.
This top business school is ranked #1 in Canada. Additionally, it is on #8 in the 2017 International MBA ranking by Forbes.
Schulich being one of the best MBA schools in Canada pioneered the nation’s first International MBA (IMBA) and International BBA (IBBA) degrees. Also, this top business school in Canada pioneered the first cross-border executive MBA degree (the Kellogg-Schulich Executive MBA) in North America.
#3. Ivey Business School, Western University
Ivey Business School is the business school of the University of Western Ontario in London, Ontario, Canada.
This business school in Canad provides students with the knowledge and skills to confront the challenges and opportunities of corporate leadership with confidence.
Ivey Business School offers undergraduate, graduate, and executive education programs on the campuses in London, Ontario, Toronto, and Hong Kong. It offers a number of programs and degrees including a bachelor’s in Business Administration, a master of Business Administration, a master of Science in Management, Ph.D., and Pre-HBA Undergraduate Courses.
According to the 2018 ranking of the Financial Times MBA worldwide, Ivey Business School was ranked 88th among the 100 best business schools. Also, the school ranks #12 according to the QS Top MBA program in North America in 2017.
This school is actually one of the best schools in Canada where one can acquire an MBA.
#4. Desautels Faculty of Management, McGill University
The Desautels School of Management is a faculty at McGill University. This school of Management also offers a joint MD/MBA with the Faculty of Medicine and a joint MBA/Law program at the Faculty of Law.
The Financial Times Global MBA ranks the Desautels MBA program 2nd in Canada and 87th globally.
Undergraduate students can take part in an exchange at over 70 different universities all over the world. The Desautels Faculty offers an international summer program for students that visit the institution from other universities.
Finally, the full-time MBA takes two years to complete. Here, the students can focus on finance, marketing, strategy & innovation, analysis, and select over 50 elective courses.
#5. Joseph L. Rotman School of Management, University of Toronto
The Rotman School of Management is a graduate business school that offers undergraduate, graduate, and doctoral programs in business administration, finance, and commerce, plus full-time, part-time, and executive MBA programs.
Commerce at Rotman is an undergraduate program that is jointly offered by the Faculty of Arts and Sciences of the University of Toronto and the Rotman School of Management.
On the other hand, the graduate programs at Rotman offer degrees in full-time MBA, part-time MBA, Master of Finance, Executive MBA programs.
At the doctoral level, you will get degrees in Accounting, Business Economics, Finance, Marketing, Operations Management, Organizational Behavior, and Human Resources Management.
The 2018 Financial Times ranking of the MBA programs put Rotman School of Management in #2 in Canada. In fact, Joseph L. Rotman School of Management is known by many as one of the best business schools in Canada.
#6. Alberta School of Business, University of Alberta
The Alberta School of Business at the University of Alberta in Edmonton, Alberta, Canada was founded in 1916.
This top business school in Canada is one of the best business education and research university in the world. For this reason, the institution ranks consistently as one of the best 50 universities by the Financial Times of London.
The Alberta School of Business at the University of Alberta offers undergraduate, master’s, and doctoral degree programs. It also offers continuing education and lifelong learning programs.
At the undergraduate level, you will get degrees in Accounting, Economics & Commercial Law, Business Studies, Decision & Information Systems, and Distribution Management.
Furthermore, the tuition fees at Alberta are as follows: 5,320 CAD (Undergraduate/Domestic tuition), 20,395 CAD (International tuition).
Finally, the rankings of the Alberta School of Business are as follows:
- 2018 Financial Times Executive Education: #72 globally
- 2018 QS Global MBA Rankings: #8
- Bloomberg Businessweek Best B-Schools in 2018: #108 world-wide
- Maclean’s Best Business Universities in Canada 2019: #4
#7. HEC Montréal Business School Québec, Canada
HEC Montreal Business School located in Montreal, Canada was established in 1907. This business school is the first management school in Canada.
The institution offers undergraduate, graduate and postgraduate programs including a Bachelor of Business Administration(BBA), a Master of Science in Management, a Master of Business Administration (MBBA), and a Ph.D. in Business Administration. Additionally, it runs a joint Executive MBA program with McGill University.
If you come to the rankings, HEC Montreal Business School ranks #1 in Quebec, #4 in Canada, and #54 in the world. According to Bloomberg BusinessWeek in 2015, this top business school is among the first 30 best international business schools in the world.
#8. Smith School of Business, Queen’s University
The Smith Business School is a faculty at Queen’s University in Kingston, Ontario, Canada. It offers undergraduate and graduate programs but these programs are administered separately with its own director and budget.
The accelerated full-time business graduate program at Smith School of Business is one of the best MBA programs in Canada for business graduates. It takes 12 months to complete the program. Consequently, the admission decision depends on the progressive work experience of the student.
The Executive MBA program at Smith ranks among the best for executive MBA programs in Canada by BusinessWeek and Environics. It takes 16 months to complete. In addition, the admission decision depends on the management experience of the student.
In the 2017 Financial Times ranking, Smith Business School’s MBA ranked #50 in the world. Additionally, according to the 2012 QS Global Business Schools ranking, Smith was ranked #3 in the best business school in Canada.
#9. DeGroote School of Business, McMaster University
This school of business offers different undergraduate programs including Bachelor of Commerce, Bachelor of Commerce, MBA and Doctoral Programs, Executive Development and International Exchange.
Furthermore, the DeGroote School of Business offers MBA and EMBA Programs including MBA Program and Executive MBA in Digital Transformation Program. Also, students can offer graduate programs including Ph.D. Program in Business Administration and a Ph.D. in Health Policy.
Students offering the Honours Bachelor of Commerce Program may apply to become a Certified Professional Accountant (CPA) and a Certified Professional in Human Resources (CHRP).
#10. John Molson School of Business, Concordia University
This is a business school in Montreal, Quebec, Canada which was founded in 1974. JMSB offers undergraduate programs including Bachelor of Administration and Bachelor of Commerce. Students can also get graduate diploma programs in Business Administration, Chartered Accountancy, and Investment Management.
The Graduate Certificate programs at this business school in Canada include a Master of Science in Management, MBA, Master of Science in Marketing, Ph.D. in Business Administration. Also, you can get an MBA in Investment Management, Master of Science in Finance, Executive MBA, and a Master of Supply Chain Management (MSCM).
The tuition fees at John Molson School of Business are as follows: $6,800 (Quebec residents), $11,900 (Canadian non-Quebec residents), $26,400 (International students).
The John Molson ranks #77 in the Qs world rankings in the world. In addition, Qs rankings place the school on #77 in the world in the Executive MBA category.
#11. Telfer School of Management, University of Ottawa
Telfer School of Management offers a variety of undergraduate and graduate programs. The undergraduate programs are as follows:
The graduate programs at Telfer include the Master of Business Administration (MBA), a Joint option in MBA-LLB, Master of Business Administration (EMBA). Others include a Master of Science in Administration, Master of Health Systems, and a Master of Science in Health Administration (MHA).
The total cost of the Telfer MHA is approximately $31,600 (in-state students) and $53,000 (out-of-state students).
The 2016 Global Ranking of the ReportED Business School ranked Telfer School of Management #70 in the world and #6 in Canada for its MBA program.
#12. Sobey School of Business, Saint Mary’s University
The Sobey Business School was initially founded in 1934 as a trade faculty at the University of Saint Mary.
Also, this top business school in Canada offers varieties of business degrees like a Bachelor of Commerce with ten major specializations. The specializations include Accounting, Computing and Information Systems, Economics, Entrepreneurship, Finance, and General Business Studies.
Sobey School of Business also offers a certificate program in Human Resource Management.
Additionally, the graduate and doctorate level programs offered at Sobey include a Ph.D. in Business Administration, Master in Finance, Master of Applied Economics, MBA (CPA Stream), Master of Management, Co-operatives, and Credit Unions.
The tuition fee for the Executive MBA at Sobey Business School is $52,000.
QS World University Ranking places the MBA program at Sobey School of Business among the top ten in Canada.
#13. Goodman School of Business, Brock University
The Goodman School of Business is the business school at Brock University in Ontario, Canada.
The Undergraduate Programs of the Goodman School of Business includes Business Administration (BBA), Accounting (BAcc), and a Dual Degree Program.
Goodman School of Business’ graduate programs include Master of Business Administration (MBA), Master of Accountancy (MAcc), and a Master of Science in Management (MSc).
The undergraduate tuition fees are 5,886.05 USD (domestic), 14,723 USD (international tuition).
A business school is a higher institution that awards degrees in business administration or management.
Business schools enjoy a very wide coverage in print and digital media including popular business magazines, countless ratings, blogs, and books.
The business school in Canada offers programs that lead to bachelor’s, master’s, and doctoral degrees.
FAQs on the List of the Best Business Schools in Canada
Is it easy to get a job in Canada after MBA?
Yes. Ordinarily, tt is very easy to get a work permit while studying in Canada. But once you complete the MBA, you can easily get the permanent residency in Canada which will aloow you to work.
What is the salary of MBA in Canada?
The average MBA salary in Canada is $45,256 each year or $23.21 for an hour. Entry-level MBA positions start at $24,843 a year while most experienced workers earn about $76,934 each year.
Which MBA specialization is the highest paid in Canada?
1. Marketing director $42,000 – $235,000
2. Chief financial officer $89,000 – $222,000
3. VP (finance) $160,000
4. Financial analyst $51,000 – $364,000
Can I get scholarship for MBA in Canada?
Yes, you can. There are several scholarships available to international students in Canada.
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