Best Business Schools in Canada for International Students
Canada has become a top choice for international students looking to pursue business education abroad. With its world-class universities, diverse culture, and excellent career opportunities, the best Canadian business schools offer a perfect blend of quality education and practical experience.
The top business schools in Canada provide diverse specialisations, ensuring every student finds a programme tailored to their goals. The quality of education, combined with relatively affordable tuition fees compared to other popular study destinations, makes Canada an attractive option for international students pursuing business studies, including diploma in business adminstration, MBA and other business and management courses to study in Canada.
List of Best Business Schools in Canada
Earning business degrees in Canada equips students with the skills needed to excel in the dynamic global marketplace. Here are the top business schools that welcome international students, along with their key features and offerings:
| University Name | QS Ranking 2025: Business and Management Studies |
|---|---|
| University of Toronto, Toronto, Ontario | #33 |
| University of British Columbia, Vancouver, British Columbia | #49 |
| McGill University, Montreal, Quebec | #60 |
| Western University, London, Ontario | #86 |
| University of Montreal, Montreal, Quebec | #108 |
| University of Alberta, Edmonton, Alberta | #149 |
| Queen's University at Kingston, Kingston, Ontario | #151-200 |
| York University, Toronto, Ontario | #151-200 |
| University of Calgary, Calgary, Alberta | #251-300 |
| University of Waterloo, Waterloo, Ontario | #251-300 |
Also Read: Study BBA in Canada
Top Undergraduate Business Schools in Canada
Highlighted here are some of the best undergraduate business schools in Canada, as per Maclean's 2024-25 rankings.
- University of British Columbia (Sauder)
- University of Toronto (Rotman)
- McGill University (Desautels)
- Queen's University at Kingston (Smith)
- Western University (Ivey)
Top Graduate Business Schools in Canada
For those planning to study at the best graduate business schools in Canada, here are some that have been recognised by the QS Global MBA Rankings 2025.
- Rotman School of Management at the University of Toronto
- Desautels Faculty of Management at McGill University
- Ivey Business School at Western University
- Smith School of Business at Queen's University
- Schulich School of Business at York University
Need help narrowing down on your options of the best Canadian business school? Connect with our team of expert counsellors at AECC and get a personalised guidance to select the best university for your higher studies abroad that align with your needs and aspirations.
Admission Requirements to Study at Top Business Schools in Canada
As a prospective international student, here are the basic admission requirements to study at the best business schools in Canada:
- Academic Qualifications:
- A bachelor's degree or equivalent from a recognised institution is typically required for admission to business programmes.
- Strong academic performance, especially in quantitative subjects such as mathematics, economics, and business, is often necessary.
- For MBA programmes, a few years of professional work experience is generally preferred.
- GMAT/GRE Scores:
- English Proficiency:
- Proof of English proficiency through popular tests like TOEFL iBT, Cambridge English IELTS Academic, or other accepted tests is required for international students.
- Minimum score requirements vary by institution, but typically a TOEFL score of 90+ or an IELTS score of 7.0+ is needed.
- Letters of Recommendation:
- Applicants are typically required to submit two or more letters of recommendation from academic or professional sources.
- Statement of Purpose/Personal Statement:
- A compelling statement of purpose or personal statement outlining career goals, reasons for choosing the top business schools in Canada, and how the programme aligns with the applicant's ambitions.
- Resume/Curriculum Vitae (CV):
- A detailed resume outlining work experience, internships, academic achievements, and extracurricular activities.
- For those applying to business programmes for international students in Canada, it is essential to highlight international exposure and any cross-cultural experiences.
- Interview:
- Many Canadian universities for business require an interview as part of the selection process. This is often conducted either in person or virtually.
- Application Fee:
- Most business schools in Canada charge an application fee that must be paid at the time of submission.
- Business Degree Prerequisites:
- For undergraduate business degrees or business degrees in Canada, prerequisites may include high school courses in mathematics, English, and business-related subjects.
By meeting these requirements, prospective students can apply to the best Canadian business schools and take a step closer to advancing their careers in global business. Whether planning to study MBA in Canada or pursue an undergraduate degree, these prestigious institutions offer a world-class education in business.
Scholarships to Study at Best Business Schools in Canada
There are several scholarship opportunities in Canada that have benefitted international students as they complete their higher studies. Here is a list of some of the popular scholarships offered by the top business schools in Canada for international students.
| Scholarship Name | Eligibility Criteria | Funding Coverage |
|---|---|---|
| Joseph L Rotman Scholarship at the Rotman School of Management, University of Toronto | Applications are based on nominations made by the admissions committee, which select one exceptional student each year based purely on academic excellence, demontrating leadership potential and commendable professional achievements prior to enrolling for the MBA programme. | Full MBA tuition fee |
| Ivey Global Leader Award at Ivey Business School, Western University | Residents of Africa, Asia, Europe, South America or the Caribbean at the time of application qualify for the award. A committee selects high-performing candidates who have demonstrated exceptional leadership in their professional lives and are expected to bring valuable global experience to Ivey's case-method classroom. | CA $50,000 |
| Hari Varshney MBA Entrance Scholarship at UBC Sauder School of Business, University of British Columbia | Those demonstrating exceptional academic record, community involvement, and business leadership skills are automatically assessed and selected at the time of submitted their UBC MBA application before the specified deadlines. | 50% of total tuition fees |
| Seymour Schulich MBA Entrance Scholarship at Schulich Business School, York University | Incoming MBA students who have demonstrated an excellent academic record and possess at least 2 years of work experience qualify for the scholarship. Proof of active community involvement and leadership skills must be presented to the committee for final decision | CA $31,890 |
| Women in Business Leadership Scholarships, at UBC Sauder School of Business, University of British Columbia | Applicants are selected based on their admission profile and essays. | CA $10,000 - $60,000 |
One of the key benefits of studying business in Canada is the country's focus on practical learning and global networking opportunities.
Each school has its unique strengths and specialisations, so students should carefully consider factors such as location, programme offerings, and career support services when making their choice. Choosing to study MBA in Canada can open doors to a global career, thanks to the country's strong economy and multicultural environment.
If you're searching for the top Canadian business schools then unlock your career with AECC's expert guidance on universities, scholarships, applications, and visas. Connect with us today and start your journey to success!