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Canada: Costs and Salaries for Top Business Schools

Updated: Jun 21, 2023

Canada is a popular destination for higher education, with a large number of top-ranked business schools offering excellent courses for students seeking to pursue their dreams in the field of business. However, one of the key factors that students consider before choosing a business school is the cost of education, as well as the potential earning prospects after graduation.

Cost of Education The cost of education in Canada can vary depending on the business school you choose to attend. Most business schools in Canada offer different programs such as undergraduate, graduate, and executive education programs, each with its own fee structure. Typically, an undergraduate degree in business can cost between CAD 25,000 to CAD 50,000 per year. A graduate degree in business can cost between CAD 30,000 to CAD 70,000 per year, while an executive education program can cost upwards of CAD 100,000.

However, it's important to note that the cost of education can also vary based on other factors such as living expenses, textbooks, and other additional fees. It's important to consider these factors before making a decision on which business school to attend.

Average Salary Package The average salary package after graduation is an important factor to consider when choosing a business school. Graduates from top business schools in Canada have a high earning potential and are sought after by some of the leading companies in the world. According to the Financial Times Global MBA Rankings 2021, here are the average salary packages of graduates from some of the top business schools in Canada:

  1. University of Toronto - Rotman School of Management: CAD 126,000

  2. Western University - Ivey Business School: CAD 118,000

  3. McGill University - Desautels Faculty of Management: CAD 110,000

  4. University of British Columbia - Sauder School of Business: CAD 102,000

  5. Queen's University - Smith School of Business: CAD 100,000

These salary packages are a testament to the quality of education and training that students receive at these business schools. Graduates from these schools have gone on to become successful entrepreneurs, executives, and leaders in their respective fields.



  1. University of British Columbia, Sauder School of Business The University of British Columbia's Sauder School of Business is one of Canada's leading business schools, known for its innovative curriculum and exceptional faculty. The cost of tuition and fees for the full-time MBA program at Sauder is around CAD 54,810 for domestic students and CAD 85,200 for international students. The average salary package for Sauder's MBA graduates is CAD 98,652.

  2. McGill University, Desautels Faculty of Management McGill University's Desautels Faculty of Management is one of the oldest and most respected business schools in Canada, known for its rigorous curriculum and high academic standards. The cost of tuition and fees for the MBA program at Desautels is around CAD 39,500 for domestic students and CAD 64,000 for international students. The average salary package for Desautels' MBA graduates is CAD 89,719.

  3. University of Toronto, Rotman School of Management The University of Toronto's Rotman School of Management is one of Canada's top business schools, renowned for its innovative curriculum and diverse student body. The cost of tuition and fees for the MBA program at Rotman is around CAD 118,565 for domestic students and CAD 131,930 for international students. The average salary package for Rotman's MBA graduates is CAD 106,466.

  4. York University, Schulich School of Business York University's Schulich School of Business is one of Canada's most prestigious business schools, known for its global perspective and strong industry connections. The cost of tuition and fees for the MBA program at Schulich is around CAD 87,000 for domestic students and CAD 105,000 for international students. The average salary package for Schulich's MBA graduates is CAD 97,200.

  5. University of Alberta, Alberta School of Business The University of Alberta's Alberta School of Business is one of Canada's leading business schools, known for its world-class faculty and innovative curriculum. The cost of tuition and fees for the MBA program at Alberta School of Business is around CAD 31,000 for domestic students and CAD 51,000 for international students. The average salary package for Alberta School of Business' MBA graduates is CAD 87,644.


Scholarships and Financial Aid Business schools in Canada also offer various scholarships and financial aid programs to help students cover the cost of education. Scholarships are typically awarded based on academic merit, financial need, or a combination of both. Some of the top business schools in Canada offer scholarships such as:

  1. University of Toronto - Rotman School of Management: Rotman School of Management Scholarships, Emerging Markets Scholarships, Forte Foundation Fellowships

  2. Western University - Ivey Business School: Ivey MBA Scholarships, Women in Management Scholarship, Dean's Global MBA Award

  3. McGill University - Desautels Faculty of Management: McGill MBA Scholarships, Desautels Leadership and Social Entrepreneurship Scholarship

  4. University of British Columbia - Sauder School of Business: Sauder MBA Scholarships, Dean's Entrance Scholarship, Forté Foundation Scholarship

  5. Queen's University - Smith School of Business: Queen's MBA Scholarships, Canadian Business School Women's MBA Award, Smith School of Business Entrance Award

Employability Finally, employability is another important factor to consider when choosing a business school. Graduates from top business schools in Canada are highly sought after by leading companies in Canada and around the world. The Financial Times Global MBA Rankings 2021 also rank these business schools based on their employability score, which takes into account factors

In conclusion, Canada offers a diverse range of business schools that provide quality education and excellent career prospects for its graduates. While the cost of education varies across universities and programs, the average salary packages for MBA graduates from these top business schools in Canada are impressive, making it a worthwhile investment for international students seeking a business degree. It's important to research and apply for scholarships as early as possible to increase your chances of receiving financial assistance.




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