RankingsSchool Comparison

Best 20 Business schools in Canada, 2021 Rankings

According to research carried out on the countries chosen by foreign students to study Master of Business Administration (MBA) and other business-related programs, Canada was discovered as one of the first options. In this article, we will indicate the best 20 business schools in Canada 2021 according to Maclean’s Rankings.

In that order of ideas, constant training is one of the needs of every profession, it is no longer enough to have a university degree, the demand of the current labor market, especially in the business world, is increasingly competitive, reason for which, it is necessary to have a professional profile according to business needs.

Canada has several business schools universities that are offering quality education in business-related programs. However, in this article, we will only focus on those that, according to our research, are among the top 20 Canadian business schools.


1. Toronto University

Tuition fee – ranges from CAD 6,100 to CAD 64,810 per year. The average fee for domestic students is CAD 11,420 and for international students it is CAD 48,010. 

Address – 27 King’s College Cir, Toronto, ON M5S, Canada

With more than 900 higher education programs and more than 60,000 participating students, the University of Toronto is known globally for its intensive research, driven by invention and innovation. Since its foundation in 1827, it has demonstrated its strength in areas of knowledge such as medicine, business, engineering, humanities, and pedagogy, among others. Occupying the number one position of the best business universities in Canada, the University of Toronto is one of the main options for foreign students interested in living and studying in Canada. 

It was named the highest-ranked Canadian university in the Times Higher Education Global Ranking for Graduate Employability for the second year in a row. The university has worked hard to make sure graduates are equipped with the academic credentials and core competencies they need to be successful. 

The university offers a curriculum called the Rotman School of Management, an introduction into the world of business and offered varieties of enterprise majors, in finance management, marketing, economics, operations, and accounting. The school prides itself on its “integrative thinking” approach, which focuses students’ attention on the relationships between various business domains. Also, the university runs a four-year undergraduate course for Bachelor of Commerce, as well as a two, three-year MBA, which includes a part-time program for graduates’ studies. 


2. University of British Columbia (UBC)

Tuition fee – Domestic tuition 5,646.4 CAD, International tuition 38,946.2 CAD

Address – Vancouver, BC V6T 1Z4, Canada

The University of British Columbia was founded in 1908 and is listed as number 35 in the QS world ranking of best universities in the world. Known for its advanced research center, UBC has a campus in Vancouver and another in Okanagan. Vancouver is also a major Canadian financial center and is the main city of British Columbia. The location of UBC in the financial hub of Canada makes it business programs much more attractive to both the domestic and the international students. This has helped the university’s business school to gain global recognition. 

The University of British Columbia has 24 faculties, which offer both face-to-face and online programs in courses such as, Architecture and landscaping, Art, Audiology and Hearing Sciences, Librarianship, archives and information, Science, Applied science, Law, Economy, Medicine, Music, and Business. 

For the business part, the University of British Columbia offers a four-year Bachelor of Commerce for undergraduate students with the Sauder School of Business program. Graduates have the option of taking a 15-month full-time MBA, or a 20-month, part-time International MBA. The latter involves study and work experience in Shanghai. The school also offers an 18-month Executive MBA in Healthcare, which is open to suggestions for customized programs built around the specific needs of the organization.


3. McGill University 

Tuition Fee – Local tuition 2,391 CAD, Domestic tuition 7,402 CAD, International tuition 29,200 CAD

Address – 845 Sherbrooke St W, Montreal, Quebec H3A 0G4, Canada

McGill University in Montreal, Quebec, Canada, is your best option for business learning this summer. The university’s Desautels Faculty of Management draws students and faculty from countries around the world, hosting 26,000 students and 9,000 graduates from 160 countries. Thanks to an attractive, diverse and international student environment, the campus fosters education and a passionate exchange of ideas.

McGill is proud to be the most international university in Canada. Her students bring a wide diversity of languages, perspectives and experience to classes, and progress in a stimulating academic environment within an internationally renowned university, thanks to their teaching and research.

One major novelty that had caught the attention of many students is the business studies available in McGill. The institution boasts of a business education with prestige, providing a detailed career path. Interestingly, the business industry encompasses a wide assortment of fascinating roles with each being fundamental to the growth, development and management of every business organization. As an alumnus of McGill’s School of Continuing Studies, you stand the chance to earn diverse skill set to prepare you for an endless career path.

Irrespective of the fact that you’re  exemplifying a new enterprise or already a part of a large corporation, McGill offers enough knowledge to allow you excel through the process and even more.  For newbies in the industry, core aptitudes in economics, business analytics, accounting, finance, and marketing. If you are looking to step up on your role in risk basement without blemish, then this choice of school is a good one for you. 


4. York University

Tuition Fee – Domestic tuition 7,758 CAD, International tuition 26,978.4 CAD

Address – 4700 Keele St, Toronto, ON M3J 1P3, Canada.

With over 50,000 students, York University is the third largest university in Canada.  Since its founding in 1959, it has stood out for its excellence and its innovative visions of research and teaching. Currently, this innovation is expressed in the programs it offers, which are characterized by their interdisciplinary nature, innovative designs and the opportunity for experiential learning.

Its research is internationally recognized and its 11 faculties and 24 research centers have collaboration agreements with more than 200 foreign institutions. Each year it receives C$ 80 million in external funding for its research projects.

The York’s Schulich business school is renowned for its excellence, spanning through several outstanding international reviews. Offering the popular Bachelor of Business Administration certification for programs relating to entrepreneurial and finances in the undergraduate degree, students also stance the chance to study abroad at any partner school. 

The school also offers MBA programs for postgraduate studies, which include Master’s degree in Business Administration, Fine Arts and the likes. The school also offers quality doctoral degree programs in business-related fields.

The university has two campuses, Keele which is the main campus, and Glendon. The first is located in the municipality of North York, north of the city of Toronto. It covers 180 hectares of land and most of the university’s faculties are located here. The Glendon campus is much smaller and is located in the Lawrence Park neighborhood of Toronto. It stands out for being fully bilingual and because 30% of its students study three or more languages.

The students at the University of York enjoy an international atmosphere and an active cultural life animated by more than 225 student associations. When they finish their studies, 87% of graduates find a job in less than six months.


5. University of Alberta

Tuition Fee – Ranges from $ 6,387 CAD to $ 39,500 CAD. The average cost for international students is $ 33,800 CAD and for domestic students it is $ 8,470 CAD.

Address – 116 St & 85 Ave, Edmonton, AB T6G 2R3, Canada

University of Alberta is one of the world’s leading research universities. It is currently ranked fifth best university in Canada. In terms of research, it is the fourth best university in Canada and the eighty-one in the world for its immense impact on multiple investigations. From making discoveries that answer fundamental questions to building new businesses and industries, improving human health, and fostering social change. 

More than 40,000 foreign students interested in studying in Canada have chosen UAlberta for their professional training.

The University of Alberta is divided into 18 faculties to offer more than 200 undergraduate and more than 500 graduate programs. 

The price of living in the university residence is $ 8,180 CAD per year and for other expenses such as food, books, memberships, medical insurance, etc. the student must have a minimum of $ 10,000 CAD per year.

Renowned primarily for its flair to offer science, engineering, computer science, and medicine. However, in recent years, the university’s School of Business, which has been in existence since 1916, has made a solid name for itself in the business field. 

Entrepreneurship studies at the University of Alberta has taken another dimension via alliances with different facilities and investment stakeholders.


6. Université de Montréal

Tuition Fee – Local tuition 2,000 CAD, Domestic tuition 7,500 CA

Address – 2900 Edouard Montpetit Blvd, Montreal, Quebec H3T 1J4, Canada

Situated right downtown Montreal, the university is a complete representation of how quaint the Côte-des-Neiges neighborhood can be a source of attraction for tourists; with the topnotch bars, restaurant, and cafes, as well as classic accommodations reservations made for students.

Since its inception to the Canadian environment in 1907, the Université de Montréal boasts of classic business school, with extensive certification for post-graduates, undergraduates and doctorate studies,

The multilingual university offers certification in Bachelor of Business Administration, both in Spanish, English, and French. HEC currently has 149 partner institutions in 45 different countries. 

International students who wish to study in Quebec in longer courses or university programs of more than half a year must meet certain requirements of the Government of Quebec and the Government of Canada. Once admitted to an international university, students must first obtain a Quebec Acceptance Certificate (CAQ), as well as a study permit, and in some cases, a visitor visa from the Government of Canada. You must prove that you have received approval as a full-time student and that you have sufficient financial resources.


7. University of Calgary 

Tuition Fee – ranges between $2, 017 CAD to $ 63,400 CAD

Address – 2500 University Dr NW, Calgary, AB T2N 1N4, Canada.

The University of Calgary is one of Canada’s best and leading comprehensive research universities today, combining the best of university tradition with the vibrant energy and diversity of the city of Calgary. In 2016, it was positioned in the top 5 of the best universities in the Canadian territory. It is always a striking choice for international students who are interested in studying in Canada. Interestingly, it is also one of the best business schools in Canada.

The costs for international students in undergraduate are from $ 2,017 CAD to $63,400 CAD, in postgraduate they are from $3,400 CAD to $25,200 CAD. Fees vary according to the number of units in each career and according to the faculty. For Canadian citizens the tuition fees are much lower. With the space of this prestigious Canadian research-intensive institution, this university has 14 faculties, 53 departments, and more than 200 higher education programs.

Students vying to obtain certification in business related programs in the university are assured of getting a Bachelor of Commerce degree, a certification that centers more on business technology management. Graduating with this degree will not only prepare you for better opportunities ahead in finance-related areas like accounting, marketing and human resource management. This degree, without any doubt is a steering wheel to obtaining graduate studies in business related programs, such as the MBA.


8. Ryerson University

Tuition Fee – Domestic tuition 7,574.96 CAD, International tuition 24,792.2 CAD

Address – 350 Victoria St, Toronto, ON M5B 2K3, Canada

Recognized internationally for its offering of high-quality educational programs, Ryerson has over the years advanced better to providing topnotch quality for real-world professional experience and ensuring that her students are ready to take over the world upon graduation 

Not only that, the institution provides a kind of harmonious education chances include internships and work placement partnership with some companies. Every of these are offered through Ryerson’s undergraduate policies, providing for students, right from the early days of admission till they mature into tough beings in the professional market.

Ryerson University is a Public University. It is located in one of the most cosmopolitan, diverse and vibrant cities in the world. It welcomes more than 45,000 students from Canada and different parts of the world. It has more than 100 academic programs and focuses on entrepreneurship and innovation.

Diversity and inclusion are two of its pillars; that is why it is one of the most attractive for international students. Its campus is spectacular: modern and surrounded by large green spaces.

Furthermore, it offers quality training in business-related courses and it is, therefore, one of the most sought-after schools for both the students and the employers.


9. Thompson Rivers University (TRU)

Tuition Fee – Domestic tuition 5,187.18 CAD, International tuition 14,831.6 CAD

Address – 805 TRU Way, Kamloops, BC V2C 0C8, Canada

Founded in 1970, Thompson Rivers University (TRU) is an institution located in Kamloops, British Columbia, about a three-hour drive from Vancouver. TRU is considered as one of the best business schools in Canada. 

This university has approximately 14,000 students, of which about 3,000 are foreigners from 89 countries.

It has a large campus with multiple very modern facilities, first-class sports and learning areas, where you can do outdoor activities throughout the year. If you are thinking of studying in Canada, you should know that this university has 9 faculties that offer 150 face-to-face programs, including undergraduate, graduate, postgraduate, diploma, and English as a second language courses. The education at TRU is of a high quality with teaching focused on practice. Moreover, TRU offers one of the best academic training in business related courses in the whole of Canada.

An additional advantage that you get in TRU is that due to its location it is approximately 15% cheaper than the rest of the universities in Canada, in addition to having free transportation for being a student of it.


10. University of Winnipeg

Tuition Fee – Domestic tuition 4,400 CAD, International tuition 14,700 CAD 

Address – 515 Portage Ave, Winnipeg, MB R3B 2E9, Canada

University of Winnipeg, founded in 1967, is considered one of the best business schools in Canada. It is located in the province of Manitoba in the city of Winnipeg. It stands out among the best institutions in the country for international students. 

The University of Winnipeg has a high reputation within Canadian universities, always ranking high in Canadian surveys, for its educational quality.

It should be noted that the University of Winnipeg stands out for its academic excellence, its commitment to the environment, its concern for the indigenous community to whom it grants a large number of scholarships, small classes, and highly qualified personnel.

Its student population is about 10,000 people, which includes about 1,300 international students. It offers undergraduate and graduate programs that cover areas such as art, business and economics, education, science and kinesiology, and applied health. An institution that will make your study and work experience in Canada truly exceptional.


11. University of Victoria


Tuition fee – Domestic tuition 5,761 CAD, International tuition 18,816 CAD

Address – Victoria, BC V8P 5C2, Canada

Also considered as one of the best business schools in Canada, founded in 1963, it is located in Victoria, the capital of British Columbia, also called the city of gardens, in the south of Vancouver Island. It is a beautiful and wonderful city to study and work in Canada. 

Its student population is approximately 22,000 students of which about 4,000 are international students from about 118 countries. So, you can meet people from all over the world while you study.

The University of Victoria has agreements with institutions of higher education in 60 countries, allowing students a wide range of options to study or work internationally.

The University campus is easily accessible and easy to navigate. It is connected to downtown Victoria by several main bus and bicycle routes. 

On the academic side, the areas in which the University of Victoria is internationally recognized for its research include: creativity and culture, data science and cyber-physical systems, environment, climate and energy; global studies and social justice, health and life sciences, physical sciences and engineering, mathematics and computer science, among others. 

On the other hand, this institution has a modern language center for teaching 17 different languages. In addition, its Faculty of Business has received important international recognition. 

As you can see, choosing this university to study in Canada will make your profile stand out and thereby, giving you an edge over other professionals while applying for jobs.


12. University of Manitoba 

Tuition fee – Domestic tuition 4,400 CAD, and International tuition 14,700 CAD

Address – 66 Chancellors Cir, Winnipeg, MB R3T 2N2, Canada

The University of Manitoba was founded in 1877 and it is the first university in western Canada. It has two locations in the city of Winnipeg, one in the Fort Garry region, and the other, “Bannatyne Campus,” comprised of ten incredible buildings in the center of the city.

Its student population is about 30,000 students, with about 6,000 international students from 120 countries. It offers more than 100 academic programs with master’s and doctoral studies. You will surely be able to find your place at the University of Manitoba.

It also has various areas of study such as business administration, law, medicine, engineering, art and environmental studies. It also has more than 20 research centers and associated institutes, which allows a large number of alternatives and opportunities for doctoral training.


13. Saint Mary’s University

Tuition fee – Ranges between $9,888 – $10,228 for locals and $17,778- $17, 978 

Address – 923 Robie St, Halifax, NS B3H 3C3, Canada

Saint Mary’s University (SMU) is located in the heart of the provincial capital Halifax, which is both an idyllic port city and a lively east coast metropolis. In line with the motto “Be your potential”, the traditional university attaches great importance to offering its students an excellent academic education and the best career opportunities. This is not only due to the practical lessons in small groups and the large number of highly trained lecturers, but also the pronounced sense of community of the SMU community, which gets the best out of everyone.

According to the Canadian Maclean’s University Rankings, the SMU is regarded as one of the best 10 universities in Canada in the undergraduate sector. The renowned Sobey School of Business even enjoys an international reputation for being world class – across all areas: from the Bachelor of Commerce to the PhD in Business Management, all courses have been awarded the globally coveted AACSB accreditation. 

The large number of international students who make their way to Halifax, Canada every year to find a new home at the SMU also speaks for the university: More than a quarter of all Saint Mary’s students come from over 100 different countries around the world. This extraordinary diversity as well as the global orientation of the university enable it to train the “global citizens” of tomorrow.


14. University of New Brunswick

Tuition Fee – 6,187 CAD, International tuition 13,905 CAD

Address – 3 Bailey Dr, Fredericton, NB E3B 5A3, Canada

The University of New Brunswick, originally King’s College, founded in Fredericton in the Canadian province of New Brunswick in 1785, is one of the oldest universities in North America and the oldest English-speaking university in Canada. Over the years, the business program at this school has gained global recognition, which has made hundreds of both the domestic and the international students to choose the school.

At the UNB, great value is placed on high-level training. In the 2020 Maclean’s University Survey, the university was listed among the “Top Comprehensive Universities” in Canada. Moreover, it is worth noting that the University of New Brunswick offers quality education in business programs too, making it a sought-after business schools for students and employers.

In addition to a semester abroad, international students can also complete a bachelor’s degree in Business Administration and management or even take a language course here. In total, the university offers more than 75 different courses. The students are supported in all matters so that they can achieve optimal learning results. This works not least because of the relatively small groups in which the professors can supervise their students individually.

Most of the university’s own degree programs are found in Fredericton, which results from the fact that this is the main campus with the higher number of students. An academic degree can be obtained here in areas such as business administration, law, science and others.


15. University of Waterloo 

Tuition Fee – 11,061 CAD

Address – 200 University Ave W, Waterloo, ON N2L 3G1, Canada 

The most innovative university in Canada, for 28 consecutive years the University of Waterloo has ranked first in innovation (Maclean’s 2020) and according to US News and World Report Best Global Universities 2019, it is the number 1 university in computer science and number 2 in engineering of Canada. Interestingly, it is also one of the best business schools in Canada and has excellent co-op programs that allow students to gain practical experience from industries.

Every year the best and brightest international students are drawn to the University of Waterloo for its world-leading cooperative education and prestigious high-quality academic programs, especially for engineering and business-related courses. With more than 30,000 students of which 30% are foreign students from 120 countries.

The budget required for a foreign applicant must be greater than $64,500 CAD for their first year of university. The average tuition cost is $ 48,000 CAD. Academic books $2,500 CAD. Food and university residence $11,000 CAD. Entertainment, telephone, laundry, shopping and transportation $3,000 CAD. The costs vary according to the faculty and the lifestyle of each student.


16. McMaster University

Tuition fee – 5,966.4 CAD, International tuition 22,471.2 CAD

Address – 1280 Main St W, Hamilton, ON L8S 4L8, Canada

Talking about the best of universities offering study programs for business related courses, the McMaster’s Degroote business school is definitely worth mentioning. The school offers Bachelor degree in Commerce, doctoral programs, international exchange programs, Master in Business Administration (MBA), as well as executive development programs. 

The institution also boasts of a renowned Trade Internship Program that allow entrepreneurship students to work while schooling, for a period of 12 to 16 months. Besides, the school parades considerable internship programs to the undergraduate students, while they accrue better professional accreditation. An understudy participating in the Bachelor of Commerce Honors Program has the capacity to apply for the Certified Human Resources Professional (CHRP) as well as a Certified Professional Accountant (CPA).

Interestingly, the school is not one that takes teaching and learning in any aspect with levity. The school’s graduate are one of the best in their respective fields because the institute instills the dynamism of critical thinking, as well as providing an avenue for detailed researchers and innovation. 

The institution is committed to creating a welcoming and corroboratory environment for her students, both local and intentional ones, alike.  For every step taken, the administrative department is always ready to guide you through, without abandoning you to the harsh reality of intense learning.


17. Queen’s University

Tuition fee – 6,153 CAD, International tuition 27,513 CAD

Address – 99 University Ave, Kingston, ON K7L 3N6, Canada

Situated at Kingston Ontario, Queen’s college has proven to be a home to students seeking to be a part of the business world. Currently, the university houses international students from over 100 countries in the whole world. Fortunately, the university is one of those with a lively student environment, as well as excellent research installations.  

Talking about business administration programs, the university has a sub-division known as the Smith’s Commerce School of Business. Students within this scope have over the years shone like stars and 93% of them get employed within the first six months post-graduation.

How’s this possible? Well, the Stephen J.R Smith’s Commerce School of Business ensures that her students do not relegate to in-classes activities alone. Recent educational statistics have proven that at least, 85%+ of students at this prestigious business school are actively involved in international exchange programs, which widen their networks and make them learn valuable skills that help them fit into the business world easily after graduation.

Without mincing words, the Commerce program offered by Queen’s Smith School of Business is deep-rooted and experienced to furnish you with astute business strategies and notions that will, in no time, foster your extraordinary leadership capacity without compromising on communication and teamwork.

In better glare, the students of this institution vying to achieve their BCom certificates are recognized as classic members of the Commerce Society (ComSoc), which happened to be the vastest business society for undergraduates in Canada. 


18. Western University

Tuition fee – 7,576.74 CAD, International tuition 24,851.7 CAD

Address – 1151 Richmond St, London, ON N6A 3K7, Canada

Your next stop at studying in a top Canadian business school is staring straight at you; the Western University in Ontario. 

Talk about a university that offers diverse disciplines across over 400 courses, with 82 locations, situated at strategic places in Canada, then you really should go with this institute. 

Regarding its prowess to business education, the school had the Western’s Ivey School of Business readily pruned to offer you the best.  Although this school of business offer relatively limited offers, when compared to other schools on this list, it however doesn’t compromise on quality. 

The school is distinguished with Honors of Business Administration, which they provide in 2 + 2 format, to enable students follow subjects of their interests within the primary two years of the major studies before focusing on their businesses in the rest years left in their portfolio. 

Another exciting thing about studying in this universe is that those offering Business Administration are opportunity to have a semester of expensive studying, abroad. The school provides students the opportunity to be part of the exchange program in their second year of studies. 

Western college does not only has cutting-edge technology in various sectors, it is also a leading university in the development of new technologies. This gives you the opportunity to harness your creativity and knowledge. Colleges and universities offer specialties in Artificial Intelligence, Biotechnology, Engineering and other technological areas.


19. Concordia University

Tuition fee – Ranges from $6,800 to $26,400

Address – 1455 Boulevard de Maisonneuve O, Montréal, QC H3G 1M8, Canada

The University of Concordia has always been a force to be reckoned with in the world of business studies since its inception in 1974. Over the years, the John Molson School of Business has considerably grown better and better, allowing both local and international to gain equal grounds and strive to be better in the world of business.  

Presently, the university is ranked as #77 in the global ranking of the Executive MBA category in 2020. 

Presently, the school offers Undergraduate studies with degrees in Bachelor of Commerce, Administration, amongst others. The graduate diploma programs span across different courses; Investment Management, Chartered Accounting, Finance, as well as Business Administration. 

Moreover, the Institute offers degrees in Graduate Certificate programs such as Management Accounting and Business Administration. The post-graduate studies spans across degrees in different programs like; Master of Science in Marketing (Msc), PhD in Business Administration, Master of Science in Management (Msc), and MBA (both in business administration and Investment Management). The school also have degrees for Master of Supply Chain Management (MSCM), Master of Science in Finance (Msc), without excluding Executive MBA.


20. University of Ottawa

Tuition Fees – Ranges from $31,600 to $53,000

Address – 75 Laurier Ave. E, Ottawa, ON K1N 6N5, Canada

The University of Ottawa offers students a wide variety of workshops to improve their skills and employability as well as dozens of clubs and artistic and cultural activities, not to mention top-notch sports facilities and impeccable business facilities.  

About the business part, uOtawwa (as it’s fondly called), parades a school of business, called Telfer School of Management, a name instigated to honor the memory of  Ian Telfer for his donation towards the school. 

Amazingly, Telfer School of Management provides a series of undergraduate programs such as Accounting, E-commerce, Finance, Human Resources, Marketing, GIS, as well as International Business Management, and Marketing, rewarding deserving students with bachelor’s degree in Commerce.

Not only that, the school also appreciate those that are interested in furthering in the same vein for higher studies and graduate studies with programs, spanning from Joint Option of MBA-LLB, Master of Health Systems, Master of Business Administration (MBA), Master of Science in health administration (MHA), and Master of Science in Administration.



Settling for Business schools in Canada is the ideal alternative for those who, like you, aim for professional success. Not only do they provide you with the academic knowledge necessary to project your career, but also the leadership and confidence that will allow you to develop in all aspects of your life.

The opportunity to stand out professionally is in your hands and Canada offers you the top business schools that propel you into the international world of work. We have shown you some of the best, you just have to choose the one that best suits what you want to achieve!

The experience of studying at Canadian universities will have a great impact both personally and professionally. We know that you can find the lifestyle you want.

Live this experience! Your future is in your hands.