MBA in Toronto: Best Colleges, Fees, Admission, Placement & Salary

MBA in Toronto: Best Colleges, Fees, Admission, Placement & Salary

MBA colleges in Toronto are considered among the best in Canada and have also emerged as top-ranking institutions globally. There are over 20 MBA colleges in Toronto, but among them, the Rotman School of Management (University of Toronto), Schulich School of Business (York University), Smith School of Business (Queen’s University – SmithToronto), and Ivey Business School (Western University) stand out as major highlights in the city. These institutions offer industry-aligned, certified MBA programs ranging from 1 to 2 years, with specialisations in Finance, Business Analytics, Marketing, Strategy, Human Resources, Operations & Supply Chain Management, and more.

Whether you're seeking international exposure or aiming to elevate your career in the corporate world, the college you choose will significantly influence both your academic and professional growth. While Toronto is home to many prestigious universities, having too many options can make it overwhelming to decide which one is the best fit for you.

Don’t worry—everything will fall into place when you choose a business school that aligns with your goals. To help you make an informed decision, we’ve curated a list of top MBA colleges in Toronto based on key factors such as reputation, rankings, fees, admission criteria, and placement success. So, let’s dive in!

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MBA in Toronto, Canada – Best, Certified and Approved Colleges

When it comes to pursuing and studying an MBA, the choice of your institutions can make or break your professional career ahead. Factors like the reputation, ranking, faculty, and curriculum of the program designed by the college can help you grow beautifully as a successful business leader in the corporate world. If you are reading this content, it means you are next in line to find your dream institutions for MBA in Toronto, because in the detailed table below, we have highlighted the certified, approved and well-accredited MBA universities in Toronto.  

College / Business School	Accreditations / Approvals	Flagship Programs
Rotman School of Management (University of Toronto)	AACSB Accredited	- Full-Time MBA - Morning/Evening MBA - Global Executive MBA - MBA in Health Sector & Finance
Schulich School of Business (York University)	Triple Crown: AMBA, EQUIS, AACSB	- International MBA (IMBA) - Full-Time MBA - Master of Management (MMgt) - Executive MBA
Ted Rogers School of Management (Toronto Metropolitan University)	AACSB Accredited	- MBA with specializations in Entrepreneurship & Strategy, Real Estate, and CSR - MBA in Management of Technology and Innovation
Goodman School of Business (Brock University)	AACSB Accredited CPA Ontario Recognized BGS Member	- MBA with CPA Pathway - MBA (ISP) – International Student Pathway - Master of Accountancy
Smith School of Business (Queen’s University)	AACSB Accredited Member of Canadian MBA Alliance	- Full-Time MBA - Executive MBA - Accelerated MBA - MBA in Digital Transformation

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Best MBA Colleges in Toronto with Global Ranking

While looking for the best MBA college, don’t forget to consider the ranking of the institutions. The reason is that poor ranking or no ranking of a college is a silent killer of the career of many talented students. But you don’t need to worry because Toronto is home to many top MBA colleges with national and international rankings for their rigorous curriculum, strong faculty, infrastructure, and network. Find below the well-structured table with the ranking of the colleges.

College / Business School	Global Ranking Highlights
Rotman School of Management (University of Toronto)	- QS Global MBA Ranking 2025: Ranked 39th globally - Financial Times MBA Ranking 2025: Ranked 76th in the world
Schulich School of Business (York University)	- Corporate Knights (2024): Ranked 5th globally among large MBA programs focused on responsible business - LinkedIn (2024): Placed 87th globally for career outcomes
Ted Rogers School of Management (Toronto Metropolitan University)	- Corporate Knights (2024): Ranked 6th globally among large schools in sustainability-focused MBA programs (Previously ranked 17th overall and 4th in Canada in 2024)
Goodman School of Business (Brock University)	- No readily available global ranking found during this search — laterally recognized for its CPA-accredited MBA pathways in Canada
Smith School of Business (Queen’s University)	- Specific global MBA ranking not discovered in this search; widely regarded among top Canadian MBA programs in broader evaluations (e.g., QS Canada listings)

Note: The college rankings provided are indicative and based on publicly available information from the internet. They are meant to give a general idea about the universities; actual data and figures may vary.

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MBA in Toronto – Terms of Admission and Eligibility Criteria for Admission

While reputation and ranking remain the biggest factors to determine which college can be best for your MBA aspirations, understanding the terms of admission and eligibility criteria is equally important.  Find below the terms of admission for national and international students for the upcoming academic year.

Admission Criteria	Typical Requirement
Academic Qualification	A bachelor’s degree (minimum GPA of 3.0/4.0 or equivalent) from a recognised institution
Work Experience	2–5 years of full-time, post-graduation work experience is preferred (some programs accept freshers)
GMAT/GRE Score	Required by most top schools (e.g., Rotman, Schulich) GMAT score of 550–700+ is competitive
English Language Proficiency	IELTS (minimum 6.5–7.0 overall) or TOEFL iBT (minimum 88–100) if your degree is not in English
Statement of Purpose / Essays	Required; must outline career goals, motivation for pursuing an MBA, and why you chose that school
Letters of Recommendation	Typically, 2 academic or professional references
Interview	Shortlisted candidates are usually invited for a video or in-person interview
Application Fee	CAD 100–150 (varies by school)

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MBA in Toronto with Affordable Fees

Of Course, to save money and get relieved from financial burden, we often go for the cheaper options. In a quite similar way, many students choose the cheaper institutions, forgetting that it can be a risk. Thankfully, this is not the case with those who are planning to study in Toronto because affordable yet quality management programs are offered by top colleges. Here is the estimated breakdown of studying for an MBA in different cost-effective colleges in Toronto, Canada.

Business School	Program Type	Estimated Tuition (CAD)	Notes
Ted Rogers (TMU)	Full-Time MBA	Domestic: ~26,550 International: ~57,891	Covers 11 credits (7 core + electives + capstone); ancillary fees apply
Schulich (York U.)	Full-Time MBA	Domestic (Ontario): ~72,380 International: ~123,936	Based on Fall 2024 per-term fees (four terms)
Rotman (U of T)	Full-Time MBA	Domestic: ~92,540 International: ~133,740	Latest class of 2023 fees—highest among Canadian MBAs
Goodman (Brock U.)	Full-Time MBA	Domestic total (2 yrs): ~29,994 (without co‑op) International: ~79,130 (without co‑op)	Per-course pricing; includes ancillary, health, optional co-op fees
Goodman (ISP)	MBA (International Student Pathway)	Total: ~$79,130 With accounting specialization: ~$94,955	Includes fees, health, UHIP, co-op options, etc.
Queen’s – Smith (Executive MBA Americas)	EMBA	~177,749	Joint program with Cornell; includes travel, materials, career coaching
Wilfrid Laurier (Waterloo/Toronto)	Full-Time MBA	~49,738 (national average for Laurier)	Source: national overview; Toronto/Waterloo campus program falls within this range

Note: The fees mentioned above exclude the hostel fee. Tuition fee is subject to change at the discretion of the university. For the latest updates or any possible changes in fees, please check the university's official website.  

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MBA Colleges in Toronto with Best Placement & Salary Packages  

Overlooking the placement rate of a college can be a serious misunderstanding by students before taking admission, one that might leave them feeling stuck later in life. An institution with subpar job placement assistance indicates that it lacks trust, credibility, and good networking with industries.  To help you make an informed choice, we have put together a list of prestigious MBA institutions in Toronto whose placement records and career support services remain unmatched, setting them apart from the rest.

Business School	Average Salary (CAD)	Placement Rate (3 Months Post-Graduation)	Top Recruiters
Schulich School of Business (York University)	$97,725	89%	McKinsey & Company, Deloitte, PwC, RBC, TD Bank, Scotiabank
Rotman School of Management (University of Toronto	$104,622	91%	Amazon, Microsoft, BCG, RBC, Deloitte, TD Bank
Smith School of Business (Queen’s University)	$99,644 base + $13,537 signing bonus	80%	Accenture, Deloitte, RBC, Amazon
Ted Rogers School of Management (Toronto Metropolitan University)	$54,000	75%	Amazon, Microsoft, BCG, RBC, Deloitte, TD Bank

Note: The figures provided about average salary and placement are indicative and meant to give a general idea about the universities. Actual data and figures may vary.