Best Business Schools In Canada For Masters

Best Business Schools In Canada For Masters

What are the best business schools in Canada for masters currently? Over the years, Canada has cemented its status as an appealing destination for people wanting higher education and studies. Students witness an improved and enriching life of academics, diverse cultures, and scenery. In addition, Canada has a large population of international students, especially in recent times.

Cities like Toronto, Vancouver, Montreal, Quebec, and Ottawa have a high population of international students. So if you’re considering getting into college to study business or are busy business-related, this is just the right place for you as we will look at the best business schools in Canada.

Canada was the first country, aside from the US, to offer The MBA degree, and to date is still one of the most favored destinations of study for international applicants. Most universities in Canada offer both undergraduate and postgraduate programs in business courses covering disciplines like accounting, insurance, finance, marketing, and Human Resources and also business-related courses like entrepreneurship, corporate social sustainability, international business, product management, and more.

Why Study MBA in Canada?

Canada is often regarded as one of the countries that makes it easiest to attend school in another country. It is included on our list of the most outstanding overseas study locations since we have received positive comments about it from prospective MBA students who have engaged with us.

It gives educational possibilities of a world-class caliber at affordable cost, as well as exposure to many cultures, good living standards, and, most crucially, a simple method to transition from being a student to having a legal work.

A Brief Overview of Business Schools in Canada

A school of business is an academic department within a university that confers degrees in fields such as business administration or management. As defined by Kaplan, business schools are educational institutions that specialize in courses and programs connected to business and/or administration.

In all honesty, business schools get great attention in traditional and online media forms. This coverage can be found in various publications, such as prominent business journals and periodicals, endless reviews, blogs, books, and more.

Even though most of the publicity is favorable, business schools still get significant negative feedback. However, I find something useful in most of the essays about business schools, regardless of whether they are good or bad.

I discover nuggets of truth and helpful information concerning areas of discomfort and requirements that aren’t being addressed in every post. In all honesty, I am thankful to those individuals who devote time to contemplating the field of business studies and offering their opinions to the general public.

When enrolled in a business program, one of the most essential skills you will acquire is the ability to apply academic principles to practical scenarios. Students in business schools are often encouraged to develop into intelligent, professional decision-makers who can readily manage ambiguity, risk, and change.

How Hard Is Getting into Business School, and What Are the Requirements?

Students worldwide may benefit from the Master of Business Administration (MBA) program, which is often considered one of Canada’s most engaging academic programs.

The Master of Company Administration degree helps students develop an in-depth awareness of the many facets of management, its applications in real life, and the experiential knowledge that drives them to find valuable solutions for business problems.

Therefore, in order to be accepted into a Master of Business Administration program in Canada, you need to satisfy the prerequisites that include the following:

  • Graduate Management Admissions Test (GMAT) score
  • Previous relevant work experience
  • Bachelor’s degree from a recognized university or education institution
  • Statement of Purpose
  • 2 Recommendation Letters
  • English Languages proficiency tests, like IELTS or TOEFL
  • Admission interview

Below are the best business schools in Canada to obtain a degree:

1. Rotman School Of Management

This is one of the world’s most recognized business schools and one of the best business schools in Canada for a Master’s degree. In addition, the school is part of one of Canada’s top research schools, the University of Toronto. It is situated in downtown Toronto, home to the country’s financial, commercial and multi-racial capital.

Rotman offers several programs, including full-time programs and programs for working-class professionals. Programs like the morning and evening MBA, Master of financial risk management, Master of finance, and the graduate diploma in Professional Accounting.

Also, Rotman also offers a one-year executive MBA, a Global Executive MBA, and the global EMBA for mid-senior-career professionals. If you are looking for the best business school in Canada to give you an edge whilst utilizing your potential to the peak, then the Rotman school of management is an intelligent pick.

 The 2023 full-time MBA class comprises 278 students with an average age of 28. The average GMAT score of 678 and an average undergraduate GPA of 3.6 shows competitiveness in the class. The GMAT range is about 678-720. 45% of the class are females, and about 58% are international students.

  • Acceptance rate: 20%
  • Average GMAT: 678
  • GMAT Range: 678-720
  • The estimated incoming rate: 278
  • Average Undergraduate GPA: 3.6
  • Median GMAT: 699
  • Female Students: 45%
  • Minority Students: NA
  • International Students: 58%
  • Countries Represented: 39

 How to Apply At Rotman School Of Management

You can apply to the full-time MBA program on a rolling basis. Although there are closing dates for applications, students are advised to apply when they complete their application. It is also advised to apply early as the school may reach its required number of applicants before the final application deadline.

Four rounds of the application deadline fall between October and April, with admission generally following within a month or two.

For application, you’re required to tender the following: transcript for an undergraduate degree, GRE or GMAT score, two reference letters, a video interview, a written essay, and a timed written response. International students who don’t speak English as their first language or graduate from an English language university must submit TOEFL, IBT, or IELTS scores or an admissible grade from the University Of Toronto English Language Program.

The tuition fee for a two years Rotman MBA program is $74,512 (CAD $95,854) for citizens and permanent residents of Canada, while international students will have to pay a tuition fee of about $103,001 (CAD $131,120).

Rotman gives students the liberty of choosing between over 90 elective courses and potentially personalizing their MBA experience based on future career desires.

2. Ivey Business School

Ivey business school is located in London, Ontario. Its reputation as one of the best business schools in Canada is no fluke as it provides one of the best real-world business education in the country. The average GMAT score is 670, while the average GPA of 3.15 tells how competitive the school’s competitiveness.

Tuition fee for citizens and residents is $83,250 (CAD $107,648) while that of international students is $123,500 (CAD $159,695).

How to Apply At Ivey Business School

There are several rounds of admission into the Ivey business school on a rolling basis. Therefore, it is advisable always to submit an application before the closing date.

You must fill out the online application form at the school’s application portal and upload your official academic record and transcript for verification and evaluation by the authorized agency.

You are to also submit other documents like Englishscoresuage test scores, Official high school transcripts certified and translated into English, Official post-secondary transcripts,  International Student’s  Health Insurance (for international students), Financial documents, GMAT or GRE scores (GMAT is waived for students who have cleared all three levels of the CFA designation), Copy of Passport, Letter of recommendation from two to three credible references, Statement of Purpose, Two essays, Two videos.

  • Acceptance rate: 8%
  • Average GMAT: 670
  • GMAT Range: 670-700
  • Estimated incoming rate: 620
  • Average Undergraduate GPA: 3.15
  • Median GMAT: 685
  • Female Students: NA
  • Minority Students: NA
  • International Students: 30%
  • Countries Represented: 30+

3. Smith School Of Business At Queen’s University

Smith school of business is located in Kingston, Ontario, and is fully accredited by the AACSB (United States) and the EFMD (EQUIS) (Europe). So it is up there as one of the best business schools in Canada.

The school award bachelor’s degree, master’s degree, and Ph.D. in various fields like business administration, science management, finance, international business, management analytics, management of artificial intelligence, accounting, management of innovation and entrepreneurship, etc.

The tuition fee for domestic students is $16,288 (CAD $21,061) and $51,275 (CAD $66,302) for international students

How To Apply At Smith School Of Business At Queen’s University

Smith school of business receives over 7000 applications a year, so it is advisable to apply early before the deadline. To apply, you have to fill out the application form online at

 After filling out the form, you will be required to complete and submit the supplementary essay (SE) consisting of two short essay questions asking you to tell more about who you are and what you are passionate about.

You will also be required to tender the following documents: Proof of nationality (for international students), English language test scores, Official high school transcripts certified and translated into English for undergraduate (UG) applicants, College transcripts with minimum GPA requirement for graduate applicants ACT or SAT scores for UG applicants, GRE or GMAT scores (course-dependent) for graduate applicants, Letter of recommendation, Resume or CV for graduate applicants, Financial documents, SOP.

  • Acceptance rate: 46%
  • Average GMAT: 656
  • GMAT Range: 656-700
  • Estimated incoming rate: 199
  • Average Undergraduate GPA: 3.35
  • Median GMAT: 678
  • Female Students: 35%
  • Minority Students: 14%
  • International Students: 33%
  • Countries Represented: 25

4. Schulich School of Business

Schulich school of business, a business school of York University,  is one of the best business schools in Canada. The school is located in Toronto, Ontario, Canada.

Established in 1966, The school offers undergraduate and postgraduate degree and diploma programs in various fields like business administration, finance, accounting, business analytics, public administration, and international business, as well as several Doctorate of philosophy and executive programs.

 The tuition fee for citizens and residents is $17,973 (CAD $23,240) and $26,722 (CAD $34,553) for international students.

How To Apply At Schulich School of Business

The foremost step in the application process is creating an online profile for yourself at Once you are done filling out and submitting your profile page, you will get an email prompt to generate a password for your application. Saving the email is advisable as it contains a permanent link to your application portal.

Once you are through with creating a new password, you need to fill out the application form and upload all the required documents. The documents include your profile, video essays, a written essay, transcripts, recommendations, and resume, English pro-efficiency test, IELTS, and TOEFL (for international students).

Before submitting your application, you need to pay CAD 150 via credit card as the application fee. It is usually about 4-6 weeks to reply after reviewing the application.

There are up to 4  rounds for applicants to apply, but For international students, it’s advised to apply by Round 2 as it will give you enough time to apply and receive the study permit.

  • Acceptance rate: 30%
  • Average GMAT: 670
  • GMAT Range: 550-750
  • Estimated incoming rate: 420
  • Average Undergraduate GPA: 6.4
  • Median GMAT: 650
  • Female Student: 40%
  • Minority Students: NA
  • International Students: 47%
  • Countries Represented: 30+

5. UBC Sauder School of Business

If you are searching for top business schools in Canada,  UBC Sauder School of Business should be on your list of the best business schools in Canada. The institution is a faculty at the University of British Columbia, Vancouver, British Columbia, Canada.

Founded in 1956 and with over 200 staff capacity, it awards bachelor’s degrees, master’s degrees, Ph.D., and diploma certificates in so many fields like business administration, management, commerce, accounting, marketing, and sales management, etc. the tuition fee for international students stands at CAD 93,658 CAD and $ 5CAD 52,443r citizens and permanent residents.

How To Apply At UBC Sauder School of Business

Before starting your application, you have reviewed all your academic requirements to ensure that you meet all the necessary ones. Then, fill out and submit the online application form, which involves creating your personal profile.

You will be asked to Submit a combination of short written essays and video responses to prerecorded interview questions. The essay and video aim to tell more about yourself and the things that are important to you.

 You will be required to pay an application fee of CAD 166.25 for permanent residents and citizens and CAD 217.25 for international students. You will also have to tender other documents to support this.

 The following documents are to be submitted as supporting documentation: English pro-efficiency test (for international students), IELTS OT TOEFL, academic transcript, SAT scores (for US students applying to Year 1), and more may be required depending on where you’ve completed secondary school.

 Applicants to the bachelor of commerce program at the institution are to provide information about institutions attended before the submission of the application for admission, and any institutions attended after submitting the application for admission and before the commencement of classes at UBC. Failure to do this might attract withdrawal of admission offer or suspension from the institution as punishment.

If you are looking for good business schools in a country with financial security, good scenery, and a place with multi-racial diversity, then look no further, as Canada has not just some of the best business schools in Canada but some of the best in the world.

  • Acceptance rate: 40%
  • Average GMAT: 647
  • GMAT Range: 650-700
  • Estimated incoming rate: 852
  • Average Undergraduate GPA    
  • Median GMAT: 675
  • Percent with GRE: 155
  • Female Students: NA
  • Minority Students: NA
  • International Students: NA
  • Countries Represented: 30

6. Schulich School of Business – York University

The Schulich School of Business at York University is the institution’s name for its business school, and it can be found in Toronto, Ontario, Canada. Business degrees at all levels (undergraduate, graduate, and postgraduate) are available via Schulich. These degrees prepare students for commercial, public, and nonprofit work.

In addition, it has more than 29,000 former students now employed in over 90 countries. The International MBA (IMBA) and International Bachelor of Business Administration (IBBA) degrees in Canada were also firsts for Schulich.

In addition, they offer the Kellogg-Schulich Executive MBA, the first degree of its kind to be offered in North America. This is regarded as one of Canada’s top MBA programs. According to Forbes’ 2017 International MBA rating, it is now ranked eighth and first in Canada. This is the global ranking as determined by the Schulich School of Business.

  • Acceptance rate: 25%-30%
  • Average GMAT Score: 550 – 750
  • GMAT Range: 650-700
  • Average GPA: 6.4
  • Countries Represented: 30

7. Desautels Faculty of Management – McGill University

One of the faculties that make up McGill University is the Desautels School of Management. The faculty provides a variety of business programs for undergraduate and graduate students.

These programs include a Bachelor of Commerce, a Master of Business Administration, and a Ph.D. in Philosophy. Additionally, the faculty has taught management facilities in Montreal (Quebec), Canada, and Tokyo (Japan).

Additionally, the Faculty collaborates with the Faculty of Medicine to provide a combined MD/MBA program, and it also collaborates with the Faculty of Law to provide a joint MBA/Law program. So this may be one of the top MBA programs in the whole country of Canada.

According to the 2019 Financial Times Global MBA Ranking results, the MBA program at Desautels University is placed second in Canada and 87th in the world. Desautels is one of the best business schools in Canada to make a list.

The faculty provides an international summer program for students visiting from other universities across the globe, and undergraduate students may engage in exchange at more than 70 various schools throughout the world.

Students enrolled in various graduate schools at McGill may opt to attend courses or pursue a minor in the Desautels Faculty of Graduate Studies.

MBA Programs Offered by the McGill University Business School

The Master of Business Administration (MBA) degree is a full-time, two-year program. Students have the opportunity to concentrate their studies in finance, marketing, strategy and innovation, and analysis, in addition to selecting from more than fifty other optional classes.

Many further programs have not been featured here but may be seen on the official website of the McGill University Business School.

How To Apply At McGill Desautels Faculty of Management

You must fill out and submit the registration form to apply for admission. In addition, you will be required to also Submit the following documents to the appropriate authorities for verification and authorization: Undergraduate degree and any additional academic qualifications, Curriculum Vitae (CV), Graduate Management Admissions Test (GMAT), or Graduate Record Examination (GRE), English Proficiency Tests, TOEFL and IELTS  (for international students), Essay, and Letters of reference.

  • Acceptance rate: 35%
  • Average GMAT: 675
  • GMAT Range: 675-720
  • The estimated incoming rate: 58
  • Average Undergraduate GPA: 3.69
  • Median GMAT: 687
  • Female Student: 33%
  • International Student: 60%
  • Countries Represented: 15

8. Alberta School of Business – University of Alberta

Edmonton, in the province of Alberta, is home to Canada’s Alberta School of Business, which is part of the University of Alberta. It was established in 1916 and is a research-oriented institution that public funds support. It has been recognized among the top 50 universities regularly by the Financial Times of London.

The Alberta School of Business is widely recognized as one of the world’s most prestigious business education and research schools. “For more than a century, innovation, entrepreneurship, and the leadership of school alumni have shored up businesses and communities worldwide.

The Alberta School of Business at the University of Alberta is the first and oldest accredited business school in Canada. It exemplifies the spirit of risk-taking and the hard work that characterizes our province.

Undergraduate tuition and fees are as follows: tuition for domestic students is 5,320.8 CAD, and tuition for international students is 20,395.2 CAD.

Maclean’s 2019 Ranking of Canada’s Best Business Universities places the Alberta School of Business in the top spot. The Alberta School of Business came in at number four in the rankings.

Additionally, the Alberta School of Business was ranked eighth in the world according to the 2018 QS Global MBA Rankings for Canada. In addition, the Alberta School of Business was ranked seventeenth in the world according to the 2018 Shanghai Academic Subject Rankings for Business Administration (Globally).

9. DeGroote School of Business

Some of Canada’s most in-demand business executives come from McMaster University’s Degroote School of Business in Hamilton, Ontario. Ninety-seven percent of graduates are hired within six months of receiving their diploma. In addition, the university has earned a worldwide reputation as an innovator in healthcare administration education, community, and research enabled by cutting-edge IT.

It’s one of just three such training floors in Canada, and it’s called the Allen H. Gould Training Floor. With seven displays showing live stock market data, Reuter’s stations, and Bloomberg terminals, this resource is ideal for business students interested in learning more about trading.

Undergraduate Program

There is a four-year Bachelor of Commerce program available at the DeGroote School of Business, with the first two years focusing on business basics. Third-year students can switch to the honors commerce program or continue with the bachelor’s degree. In addition, partnerships with large corporations, including Procter & Gamble, RBC, Microsoft, and Ford, are part of an internship program for business students.

Post Graduate Program

The Master of Business Administration degree at McMaster University heavily emphasizes experiential learning. At DeGroote, students have the chance to get experience in the real world via co-ops and internships. DeGroote’s GMAT score is just around the 600 mark. In addition, an Executive MBA program is available that focuses on data analytics and the management of digital systems. The Allen H. Gould Training Floor, a fictitious market simulation, is also used. Only two others exist in all of Canada.

10. HEC Montreal

The French-language organization Hautes etudes commerciales de Montréal provides management education and research. When it opened in 1907, HEC quickly became the leading Canadian institution of its kind. This university in the heart of Montreal is home to about 10,000 undergraduates and an additional 3,200 postgraduates each year.

Undergraduate Program

A Bachelor in Business Administration from HEC is available in French, English, and Spanish. For starters, it’s taught in French, the official language of education in Quebec. Second, as part of a bilingual curriculum, the original and English versions of the courses are available to students. And finally, there’s the possibility of taking the whole thing in three languages, with Spanish rounding out the package. The Bachelor of Arts degree may be earned in three years, and students are strongly encouraged to spend at least one semester studying abroad.

Post Graduate

The average GMAT score for HEC Montreal’s full-time MBA program is 625, while the minimum score is 570. The goal of joint EMBA program with McGill University aims to provide students with the professional connections and analytical skills necessary for success in the business world. In addition, the EMBA program prepares students for the future by having them solve real-world business challenges. More than a half-dozen master’s degrees and a doctorate in administration are available.

Over the years, Canada has established itself as a country with the best schools for studying business administration. The list above consists of the best business schools in Canada for you to study for your MBA program.

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