Best Business Schools in Canada

Canada represents an opportunity for many international students to experience the North American experience while integrating training into a country that is welcoming and recognized around the world for its academic excellence.

To join a Business School on the other side of the Atlantic is to choose to turn your career internationally and to a large number of opportunities in the Anglo-Saxon world.

What is a business school in Canada?

Like their American neighbour, the Business Schools, are present in every region of the country. With its North American University system, Canada is distinguished by the regional management of institutions. However, the Business Schools model is similar across the country.

Unlike In France, where business schools are independent organizations, often run by a private fund or the local Chamber of Commerce, Business Schools in Canada are dependent on universities. Indeed, a Business School corresponds to the faculty of business and management of the institution in question and is directly attached to it.

These Business Schools can also be named under various derivatives: School of Business, Faculty of Management… But the objective remains the same: to provide training of different levels and types.

What are the conditions for access to business schools in Canada?

In Canada, no prep class! Indeed, this exception is very French because Canada has adopted a simpler system where access to business schools can take place at any level of education and even at the end of high school.

Canadian universities are recruiting on file. To do this, students must create their own file containing the different requirements of the Business School that interests them. Generally, for international students it is requested:

An English Certification (IELTS or TOEFL),

GMAT (Graduate Management Admission test) or GRE (Graduate Record Examination),

Equivalency of the diploma (bachelor, Bachelor degree, etc.) depending on the level of education requested.

Of course, other documents are to be provided: cover letter, CV, letters of recommendation, personal essay, one-on-one interview, etc. (check according to each institution for more details).

Canada is a popular destination for students around the world, so a fairly strong selection can take place, so it is recommended to apply for various programs from different institutions.

What courses are available in business schools in Canada?

In Canada, the same system is found with diplomas recognized and offered by (almost) all Business Schools around the world:

  • Bachelor degree
  • Master degree
  • MBA

Named The Bachelor of Commerce, Bachelor of Management or Bachelor of Business Administration, the Canadian Bachelor degree of Business Schools is generalist with various specialization choices. Students can choose from different majors for their courses. These majors are often quite broad but with a focus on a specific area:

  • Accounting
  • Business Analytics
  • Real Estate studies
  • Marketing
  • Entrepreneurship and innovation
  • Operations management
  • Human Resources

This training allows students to acquire basics in the fields of business and management while beginning to specialize according to their future projects and personal enjoyments.

Different types of Master degree can be found in The Canadian Business Schools:

  • The Research Masters, whose vocation is more theoretical and whose writing of a dissertation is necessary
  • The Professional Masters, whose focus is more focused on practical application

Professional Masters are often focused on a specific discipline while Research Masters are more general (often called Master of Management) with major choices on the same principle as Bachelor degree.

Of course, the Canadian Business Schools offer MBA (Master of Business Administration). These courses, numerous and recognized, attract many students.

The aim of the MBA is to develop both theoretical and professional skills in the fields of management and commerce to train experts in their fields. Different formats exist depending on the institution, such as the Full Time MBA (full-time on-campus training) or the Executive MBA (training for professionals working in parallel).

In Canada, it is not uncommon for students to continue to the PhD (equivalent to the French doctorate). Within the Schools of Business, the PhD in Management allows students to choose their field of research (Accounting, Entrepreneurship, Marketing, Finance, etc.) for which they will carry out a thesis.

How does the curriculum work once in a school in Canada?

The curriculum at a Business School in Canada is different depending on the level of education.

Bachelor’s Degree in Canada

The Bachelor degree lasts mostly 4 years and offers the first two years a whole range of courses in various imposed fields before letting the student make his choices of courses and majors for the end of his training. Most of the time, the programs also allow students to participate in a university exchange within one of the institution’s partners.

Master’s Degree in Canada

The Master Degree lasts 12 months and the course has a different orientation depending on the format chosen. The aim of a master’s degree in research is to develop during the course a real research work and thus the possibility of continuing towards a PhD later. Some Master degree in finance also offer training at the CFA (Chartered Financial Analyst) in addition to the curriculum.

MBA in Canada

MBA in Canada have different formats to suit students’ needs and professional goals. Full-time MBA offer students many specializations but also opportunities for dual degrees (with another Master’s degree in a business or other field) or the opportunity to carry out an international university exchange within a partner business school.

For THE MBA Executive, the training takes place in parallel with the professional activity of the student who can directly apply his skills acquired within his professional life.

Canada’s Best Business Schools

The Canadian magazine MacLean’s publishes an annual ranking of the best universities. For Business Schools, the top 5 2020 is:

  • University of British Columbia (UBC)
  • University of Toronto
  • University of Alberta
  • York University
  • Western University

Programs accreditations are also a great way to learn about the quality of programs in business schools.

The Association to Advance Collegiate Schools of Business (AACBS), for example, is an indicator of the best business schools in the world.

What is the cost of training at a business school in Canada?

Business Schools are known to be expensive in Canada and university fees vary by region but also integrated training.

  • A Bachelor degree is between 9,000 and 22,000 CAD per year (approximately 6,000 to 15,000 euros).
  • A Master degree is between 25,000 and 45,000 CAD per year (approximately 16,000 to 30,000 euros).
  • MBA are the most expensive courses because in full-time it can be between 60,000 and 100,000 CAD (between 39,000 and 65,000 euros).

Integrating a Business School in Canada is a real financial investment that needs to be recognized, but the diplomas obtained are highly recognized and valued in the Canadian labour market.

What is the average salary when you leave a business school in Canada?

The company Payscale (specialized in the remuneration of employees and their value in the labour market) estimates the average salary of a Bcom (Bachelor of Commerce) graduate at 60,000 CAD (about 39,000 euros) per year.

For MBA graduates, the average salary is 82,000 CAD (approximately 53,000 euros) per year.

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