Canada's 35 million population is spread across one of the largest land masses in the world. With an abundance of natural resources, Canada fosters an economy that is built around Manufacturing, Mining, Oil and Gas, Agriculture and Forestry. Unlike the US, where a Government controlled healthcare exchange offers information about the insurance policies in the market, Canada delivers a free to use healthcare service through a government-funded system for all residents. The lower value of the Canadian Dollar (0.75 USD), makes the world’s truly multicultural country an attractive destination for MBA aspirants.
Although Canadian Business School is behind their American counterparts in ranking, the quality of the students, the teaching expertise, and the post-MBA opportunities are comparable to the top MBA programs in the US. The lower cost makes Canadian Business School a primary target for students who want the bang for their buck in the short term.
Perhaps, the biggest advantage is that international students can change their study permit into a work permit as soon as they graduate. International candidates should note that government subsidies make fees cheaper for the locals.
We have created our list of Top MBA programs in Canada
1) Rotman School of Management
The Rotman School of Management is located in Toronto, which is rated as one of the world’s most multicultural metropolises. In keeping with the city’s ethos, 53% of the students in the Rotman Full-time MBA class are International. The school offers a 2-year MBA program that practices Integrative Thinking where students are trained to think outside the traditional management box, considering the bigger picture while tackling problems. The graduating class of 2015 had a mean base salary of $88,385 with base salaries ranging from $55,000 to $180,000. Prominent companies that recruited include AT Kearney, Booz & Co, Boston Consulting Group, Capgemini, Citigroup, Deloitte, Google, IBM, ING, KPMG, Louis Vuitton, McKinsey, PWC, P&G, UBS, and World Wildlife Fund.
The Rotman MBA offers the unique Flexible Internship program where students can work during one of the three four-month terms during the second year of the MBA program instead of the fixed summer months where the available roles are limited. The flexibility allows students to customize their MBA curriculum and choose roles that would be useful for their post-MBA journey.
The Rotman MBA has a strong global context with opportunities to complete the summer internship in another country, study internationally for up to a full semester at a partner school, or participate in an international consulting Project. Students have the opportunities to study at one of the 23 partner schools spread across 14 countries. The school’s International Study Tours exposes students to emerging economies that include India, China, and Latin America.
With the help of a partner school, Doing Business Internationally (DBI) program teaches students how to do business in a particular country. In 2014-15, students worked in Taiwan, China, and Germany. To apply what they have learned, students take part in the Global Consulting Project. In the past, the project has taken students to Seattle, Silicon Valley, Tanzania, Nigeria, and Myanmar where they work on small projects like setting up a microfinancing system in an underprivileged area to working with leading consulting companies like the Boston Consulting Group.
2) Ivey Business School
1948 was a year that changed the landscape of the Canadian Management education. Ivey became the first Business School to establish an MBA program in the Campus. With the support of Harvard faculty, Management Training Course (MTC), the first Canadian Executive MBA program was established. The School has been developing business leaders for the last 60+ years.
Over 40% of Ivey graduates are at the Managing Director or higher levels in their organizations. The 1-year MBA program’s typical class represents over 26 Countries, with 44% having international work experience. Ivey is well known for its case study approach, with its globally reputed faculty writing over 150 cases every year. In 2015, MBA graduates earned a Median Base Salary of $86,500 that ranged from $50,000 to $156,000. The top recruiters include 3M, Apple, Bayer, Credit Suisse, Deloitte, Capgemini, Diageo, Ernst & Young, HSBC, Google, IMAX and JP Morgan.
A strong emphasis on leadership and global learning makes Ivey MBA curriculum unique. Ivey’s Cross- Enterprise Leadership method teaches students to apply a wider perspective on decision-making. The International Study Trip builds on the classroom learning with real-life cultural and business experiences in emerging markets like China, India, and Latin America. Student-run initiatives like the China Teaching Project (CTP) offer MBAs with a unique opportunity to teach undergraduate Business students in Shanghai or Beijing with the case-based approach. The LEADER Project is another teaching initiative where students impart their Business skills to students and Entrepreneurs in Eastern Europe and Russia. Participants also offer consulting service to local Entrepreneurs.
The electives in six focus areas: Finance, Entrepreneurship, Corporate Strategy & Leadership, International Management, Marketing, and Health Sector, is ideal for students who want a diverse range of career options post-MBA. For applicants who have joined the 2+2 Ivey HBA program, the 8-month Accelerated MBA program (AMBA) builds on the strong fundamentals by expanding leadership and management skills at an executive level.
3) Smith School of Business (Formerly Queen's School of Business)
With the $50 million donation from Stephen J.R Smith, a Queen's University's Faculty of Engineering alumnus, Queen’s School of Business was renamed to Smith School of Business on October 1, 2015. The Ontario-based Business School offers the 12-month Queen’s full-time MBA program.
The school has a unique team-based approach, leveraging the power of teams to help students learn successful traits for the workplace. By assigning students to a team for the core program, a significant part of the overall grade is based on teamwork. Every team gets a dedicated, professional Team Coach. As a result, students don’t just learn about teamwork and leadership, but they practice it every day.
The teams are selected based on diversity, and the class of 2017 had students from 14 countries, with 43% International students. Each student also benefits from having a Personal Coach, a Career Coach and a Lifestyle Coach for the entire duration of the program.
The professors use a healthy mix of case studies, classroom instruction & discussion, team-based learning, and experiential learning. Following the 6-month foundation course, students can choose from a cross section of specializations (Consulting, Entrepreneurship & Innovation, Finance, Healthcare Management, Marketing & Sales, and General Management) through a mix of core and elective courses.
The experiential learning modules are the Management Consulting Project, the New Venture Project (For Innovation and Entrepreneurship), and Dare to Dream internship program.
For MBA graduates with Entrepreneurial mindset, choosing a traditional job to pay the student loan or pursue an Entrepreneurial idea that has gained traction becomes a real dilemma. The Dare to Dream internship provided a $15000 fund for three months, to support the requirements of a new start-up. During the three months, students will work with the faculty, Queen’s network, and entrepreneurial contacts at Smith School of Business. For the traditional job seeker, the Management Consulting Project is an opportunity to solve real Business problems and recommend a comprehensive consulting solution. The New Venture Project is for the Innovation & Entrepreneurship specialization where the students develop a Business plan and turn their new venture into a reality.
Students are armed with a Global Perspective through a Cultural IQ course that is invaluable for the new-age global manager. To build on the cultural Intelligence, Smith School of Business offers a 2-week to 5 Month International Exchange program with 27 international business school partners.
The class of 2015 earned a mean salary of $62580 (with Bonuses $94,719). Some of the recruitment opportunities for the class came from Adobe, Amazon, AMD, Barclays, Bloomberg, BP, Coca-Cola Company, De Beers, Dell, Deutsche Telekom, eBay, Google, Mastercard, MARS, New York Life, Novartis, Oracle, Pepsico, PlayStation, Siemens, The Walt Disney Company, and Thomson Reuters.
4) Schulich School of Business
The Schulich School of Business offers an extremely flexible MBA program which can be completed Full-time (16 to 20 months), Part-time (36 to 40 months), Accelerated Full-time (8 to 12 months) or as an Accelerated Part-time (16 to 20 months) schedule in three campuses Keele Campus (Toronto), Miles S. Nadal Management Centre (Toronto) and India Campus (Hyderabad). Students can start studies in September or January, and even shift between full-time and part-time modes of study.
Flexibility is not limited to the schedule. Students can choose from as many as 20 specializations: Accounting, Arts & Media Administration, Business and Sustainability, Business Consulting, Economics, Entrepreneurial Studies, Finance, Financial Engineering, Financial Services, Global Mining Management, Global Retail Management, Health Industry Management, International Business Marketing, Operations Management & Information Systems, Organization Studies, Public Management, Real Estate & Infrastructure, Social Sector Management and Strategic Management.
Students experience other cultures with a South American study tour in Santiago, Valparaiso, and Lima. For longer duration of stay, Schulich’s Exchange Program allows students to study abroad for a term in one of the 54 partner Business Schools (30 Countries). With the longer stay, students will develop multiple perspectives on real Business problems, the language proficiency required in a global workforce, and the experience for multi-faceted roles post-MBA.
Award-winning researchers and industry experts constitute the faculty. The class has an international profile with more than 65% from an international background. In 2015, the average salary for MBA graduates was $90,700 (includes bonus and other guaranteed remunerations).
Read Top 6 MBA in Canada - Part 2
10 Reasons Why Canada is better than the US
1. To make it easier for you to choose the top Business Schools in Canada, we have ranked 8 schools based on post-MBA Salary.
2. The Book Analyzes all the ten provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan on Post-MBA Job Opportunities in Oil & Gas, Media, Technology, Finance, Hospitality, Manufacturing, Aerospace, Life Science, Energy, Agriculture, Mining, Forestry, Construction, and Healthcare.
3. We have covered all the funding details (scholarships, loans, and other financial assistance) for the top 8 Business Schools in Canada
4. You don't have to read through hundreds of forum posts or spend hours Googling through scholarship and loan pages. We have summarized the funding with Name, Amount, Number of Awards and most importantly the criteria for selection.
5. Our analysis summarizes the curriculum for the Full-time MBA program, dives into the class composition, and evaluates the post-MBA opportunities available at each school including the list of top Employers.
Download Why Canada: A Complete Career Guide for MBA Applicants