Best Business Schools in Canada

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Are you in high school and want to get into the very best business school possible? Or are you already in university and looking to get an MBA to solidify the chances of you landing a good, relevant job? Either way, the YOUhub team has created the most comprehensive analysis on the web of the best business schools in Canada.

This article will evaluate each school based on 4 criteria; level of undergraduate education, level of graduate education, reputation, and university life. This will ultimately result in a final score based on equal weightings, although somebody may weigh some things more heavily than others (for instance, if you want an undergrad degree, the level of graduate education is not as relevant).

If you are interested in applying to any of these schools, feel free to contact us to help and guide you along the way.

The top 10 best business schools in Canada are as follows (in no particular order). Please either read through or click on each school to jump there.

-Queen’s School of Business
-Schulich School of Business – York University
-Rotman School of Management – University of Toronto
-Richard Ivey School of Business – University of Western Ontario
-HEC Montreal
-Haskayne School of Business – University of Calgary
-Desautels Faculty of Management – McGill University
-Telfer School of Management – University of Ottawa
-Sauder School of Business – University of British Columbia
-Laurier School of Business & Economics
-Honourable Mentions

Queen’s School of Business

Undergraduate Degree Quality – 9/10

Queen’s Commerce is one of the most highly regarded undergraduate business programs in Canada, as well as internationally. The acceptance rate is a merely 9%, therefore making it on the hardest programs to get into in Canada.

In addition, Queen’s Commerce exchange program is the most developed in Canada with approximately 85% of its third year students studying abroad.

For more information on Queen’s Commerce, please refer to this article of ours.

Graduate Degree Quality – 8/10

The joint Executive MBA program offered by the Queen’s University School of Business and the Johnson School of Management at Cornell University in New York placed in 45th place in the Financial Times best executive MBA programs in the world. Furthermore, another MBA program at Queen’s finished 92nd in the world. The fact that this school has two programs, both ranking in the top 100 worldwide is a accurate reflection of quality of graduate education at Queen’s.

Furthermore, BusinessWeek (2010) ranked Queen’s full time MBA as best in Canada and 2nd in the world but Queen’s has since slipped to 4th in the world.

Moreover, class sizes are very small in theses programs with there being a faculty to student ratio of 3:1.

It is important to note that Queen’s did appear in the 2012 Economist MBA rankings top 100.

Reputation – 9/10

In terms of general reputation, Queen’s university has one of the best in Canada. With regards to business and commerce, Queen’s is one of the most highly regarded in the world.

This is demonstrated by ranking 16th in North America (3rd in Canada) according to the QS Global 200 Business Schools Report. This survey is based on the demand from international firms hiring MBA graduates.

It comes of no surprise that Queen’s therefore has one of the best reputations in Canada and around the world.

University Life 8.5/10

What separates Queen’s from other universities on this list is the fact that it is a tremendously fun university. Sure U of T and McGill are in large, fun cities, the general university life at Queen’s is widely regarded as one of the best in Canada, especially for such a good school. Queen’s Frosh week and Homecomings are famous, and despite being in a smaller city like Kingston, the town is very well suited as a university city.

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Schulich School of Business – York University

Undergraduate Degree Quality – 8.5/10

The Schulich School of Business created the first international business degree in Canada. As a result, undergraduate students are able to learn material that generally isn’t even taught until one gets an MBA. The BBA program itself is highly regarded as well, but its iBBA was one of the most innovative programs and continues to be a highly praised program.

Although entrance requirements cannot be considered an accurate representation of quality, the general grade requirement is quite high, typically in the high 80′s. That being said, it is common for people with 90+ to not get in as they did not have good extra curricular activities or didn’t have impressive essays. For help on this, please refer to our Admissions Consulting.

Graduate Degree Quality – 10/10

For the sixth straight year, the Schulich School of Business’s Executive MBA finished first in Canada and 27th in the world according to the Financial Times Executive MBA rankings. This program is a partnership with the Kellogg Graduate School of Management at Northwestern University in Illinois. Furthermore, the Kellogg-Schulich EMBA placed 10th in the world in the programs by consortia. As well, it was ranked 9th in the world in 2011 according to the Economist. Even more,  Forbes has ranked it as the 6th best business school outside of the United States (and 1st in Canada) in 2009 and 10th in 2011. Aside from the EMBA, the full time MBA program was ranked second in Canada according to the Financial Times and 59th in the world as well as 16th in the world and 1st in Canada (far ahead of the 75th place Desautels) according to the 2012 Economist.

These are very impressive claims and clearly indicates that the graduate degree quality at this business school is one of the best if not the best business schools in Canada.

With 18 areas to specialize in, this is a very comprehensive and adaptable degree for a variety of people.

On the other hand though, Schulich finished 14th in the world in 2012 for its MBA program behind Queen’s and Ivey.

Clearly, Schulich School of Business is one of the best business schools in Canada for business graduate studies, if not the best.

Reputation – 9/10

The Schulich School of Business has an exceptional reputation in Canada and in the world. It came 20th in North America (6th in Canada) in the QS Global 200 Business Schools Report that shows the schools favoured by international employers hiring MBA graduates. This is shown by the fact that the entering salary for its MBA program was$49,000 and this was increased to $89,000 upon graduation. However, there is also a sizable tuition fee of $55,000.

The school also has a campus in Hyderabad, India, as well as offices in India, China, South Korea, and Russia.

Seeing as how it launched the first international MBA (iMBA) and iBBA in Canada, this has given a boost to its continually good reputation.

Consequently, this school does have a pretty good reputation for it’s business related courses and would be a great addition to your resume due to its name alone.

University Life – 5/10

One area where York University is not particularly well regarded for is the university life. Due to the immense size of the university, as well as it’s relatively undesirable location (being somewhat north of Toronto), York U’s university life is widely considered to be the worst in Canada. As well, the crime rate at York U is also quite high compared to other Canadian universities. That being said, there are  a lot of school communities and activities to get involved in. Additionally, due to its very diverse student population, this is a particularly easy university to adapt to for foreign students. Finally, a large chunk of the graduate education is actually done in Toronto financial district, away from York’s Keele campus.

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Rotman School of Management - University of Toronto

Undergraduate Degree Quality – 7/10

Rotman Commerce, despite the name, is actually administered through the Faculty of Arts and Science. However, for the sake of this article, I’ll lump it in here.

This program has a similar reputation to Queen’s Commerce or Ivey undergrad and therefore is a highly regarded program. That being said, Rotman Commerce does have one key benefit compared to Queen’s and Western; the fact that you can choose from 60 courses in management and over 2000 courses in the arts and sciences to build a fairly custom degree. It is also a difficult school to get into it.

Despite this aforementioned bonus, Rotman Commerce is known to be an underwhelming degree that has a very difficult course load. University grads tend to have a difficult time finding positions on Bay St (despite the geographical location)

For assistance on how to apply to Rotman Commerce, please refer to this article.

Graduate Degree Quality – 9/10

According to the Financial Times 2012, Rotman School of Management finished 2nd in Canada and 29th in the world for Executive MBA’s. Furthermore, the Financial Times also put Rotnam’s full time MBA as the best in Canada and 44th int he world. BusinessWeek in their 2012 rankings marked Rotman’s MBA as the 4th best in Canada and 11th in the world. This clearly demonstrates the quality of graduate studies at this school. In addition, as mentioned below, 98% of the faculty have doctorates. Although this clearly does not mean that the educational quality is high (as some doctors are worse professors than MBA holders, for example), it is certainly one of the indicators.

Reputation – 9/10

Generally speaking, the University of Toronto has a great reputation as a whole when it comes to academics. With regards to the Rotman School of Management, this is no different, as seen by ranking 13th in North America (2nd in Canada) according to the QS Global 200 Business Schools Report. This survey is based on the demand from international firms hiring MBA graduates. Rotman also came 2nd in Canada and 49th in the world in the Shanghai Academic Ranking of World University for business schools.

In addition to its academics, the Rotman School of Management is also well known for its top notch facilities and distinguished faculty. It is ranked 16th in the world by the Financial Times for its research output which is no surprise seeing as how 98% of its faculty has doctorates.

University Life – 7/10

The University of Toronto can be what you make it. Given its large campus situated in the core of the largest city in Canada, the university life is largely based on the city itself as opposed to many smaller universities that have more a community feel. If you like crowds, big cities, and lots of options outside of the university campus, this university is great for you. However, the feel is largely similar to living downtown after graduation so it doesn’t really offer a unique university experience.  As a result, the ranking here is comparatively low.

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Richard Ivey School of Business - University of Western Ontario

Undergraduate Degree Quality – 9/10

The Richard Ivey HBA (honoures in Business Administration course) is considered by many to be the best undergraduate business degree in Canada. Of course, the Queen’s elite will argue that, but even they agree it’s a good program. When it comes to finance, Ivey HBA is likely the school for you as many investment banks and other financial institutions recruit from Western.

The main issue with Ivey HBA is the tuition of an average of $15k a year when you factor in the 2 years of arts/science courses plus 2 years of the HBA (back loaded). This is of course in addition to the additional ancillary fees of approximately $1,175 per year and all the other expenses. This is paid back fairly quickly with the average starting salary of $64,104. This is made even more impressive due to the fact that 93% of students get a job within 3 months of graduation.

However, the program accommodates a total of 525 undergraduates (up from 450 but going up to 600), the second fewest number of students that any business school and is therefore very difficult to get into.

If you can afford it, Ivey HBA is a terrific program. For more information on the program itself, please refer to this article of ours. For information on how to get into the Ivey HBA, please refer to this article.

Graduate Degree Quality – 8/10

It is interesting to note that Ivey offered the first full time MBA in Canada, and first outside of the USA. Since then, Ivey’s full time MBA has become very impressive and well known, as described below. Furthermore, Ivey’s Executive MBA program ranked 43rd in the world in 2012 according to the Financial times, ranking it ahead of Queen’s, but behind York and U of T. Additionally, the Financial Times 2012 ranked Ivey’s full time MBA as the 4th best in Canada and 68th in the world. BusinessWeek in its 2012 rankings marked Ivey’s MBA as second best in Canada and 7th in the world, dropping from 6th the previous ranking.

It is important to note that Ivey did appear in the 2012 Economist MBA rankings top 100.

As a result, the ranking here needs to be comparatively lower than York or U of T, although still very impressive and still one of the best business schools in Canada for graduate studies.

Reputation – 9.5/10

Ivey grads are also the most favoured in Canada (and 12th in the world) according to QS Global 200 Business Schools Report. This is demonstrated by the fact that graduates from Ivey enjoy a higher salary than other business university grads at around $100K according the Financial Times. This clearly shows that Ivey grads are of high demand due to the school’s reputation.

It’s tough to argue that any other school in Canada has a better reputation. This all illustrates that Ivey’s reputation is absolutely top notch.

University Life – 8/10

Similar to Kingston, London is mainly a university city that is not that big, but also not as small as many other ‘fun’ university towns. That being said, Western is generally considered to be less of a university experience as Queen’s.

Please refer to this article of ours for further details.

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HEC Montreal

Undergraduate Degree Quality – 9.5/10

If you are french speaking, interested in languages, or spanish speaking, then this is the perfect program for you. Unlike all the other schools in this list, HEC Montreal (part of  Université de Montréal) offers bilingual and even trilingual degrees. The first year students can choose to take it entirely in French or English. After that, three options are available. Firstly, students can opt to take all their core courses in french, but the possibility of taking some English or Spanish courses. Secondly, students can take their core courses in French or English, as well as possibility of taking some in all three languages. Finally, students can choose to take any courses in all three languages. This however requires a semester abroad.

As such, this degree is the most unique of its kind in Canada, and if you’re interested in international business, specifically in Europe and Northern Africa, this could be a major advantage for you.

The level of education is always quite revered so it’s not just the language flexibility that makes this a great program.

Graduate Degree Quality – 9/10

HEC offers three master level graduate degrees. The first is the common MBA that Forbes ranked as the best 1 year business school in Canada, and 10th best in the world outside of the United States in 2009 and then 12th in 2011. This can be done in either French or English.

As well, HEC Montreal, in partnership with  University of St. Gallen, Switzerland and Vlerick Leuven Gent Management School, Belgium, created the 22 month MBA – Financial Services and Insurance. This is one of the most international programs out there as it is run in Montreal, Toronto, New York, Zurish, Brussels, Beijing and Mexico City.

Finally, HEC Montreal offers a double degree EMBA in partnership with McGill university.

Another tremendous benefit of this is that the tuition is far lower than other universities, and the resulting salary increase after completing the degree is substantial at 65%.

It is obvious that HEC Montreal’s graduate studies opportunities are vast and among the best in the world, let alone among the best business schools in Canada.

Reputation – 9/10

In a New York Times publication in 2011, chairmen and executives from 10 countries were asked which universities they would prefer to recruit from. HEC Montréal was ranked 46th in the  world (2nd in Canada, ahead of all schools on this list). Similarly, according to an EdUniversal ranking from 2011, the school ranked as the 24th most influential business school worldwide, also ahead of all the other schools on this list. It also ranked 8th in Canada (40 in the world) according to QS Global 200 Business Schools Report. HEC Montreal is also one of the 2 schools in Canada (58 in the world) that has triple accredidation. Moreover, HEC Montreal came in the top 70 business schools in the world according to the Shanghai Academic Ranking of World University for business schools.

Furthermore, HEC Montreal graduates see their salary go from $58,000 to $96,000, and when combined this with its low tuition rates, this is the best back for the buck in Canada.

As a result of these accolades, HEC Montreal has an outstanding reputation around the world.

University Life – 7.5/10

The campus is located in downtown Montreal, with is known as a very exciting and fun city. However, as was the case with the University of Toronto, this doesn’t allow students to have a unique university experience.

Nonetheless, the university is very diverse country wise, as well as linguistically as 33% of the students come from abroad.

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Haskayne School of Business – University of Calgary

Undergraduate Degree Quality – 8/10

Its Bachelor of Commerce offers 18 different concentrations ranging from accounting, to risk management to tourism management. Therefore, there is bound to be some concentration that will intrigue you. Furthermore, Haskayne offers a Bachelor of Hotel and Resort Management which is unique for such a school. Thus, if you are interested in the accommodation industry, this school is the right choice for you.

In the annual Corporate Knights sustainability rankings, the Haskayne School of Business undergraduate program placed a close third nationally with a 73.4% score in 2010. As a result, it is obvious that the program is a top notch one.

Graduate Degree Quality – 8/10

In the 2011 Aspen Institute “Beyond Grey Pinstripes” rankings, its MBA program was ranked 35th in the world (up from 51st in 2010), and 3rd in Canada. Additionally, in 2010, The Economist ranked it 3rd within Canada, 43rd in North America (82nd in the world). In 2012 however, the program has fallen to 6th in Canada and 95th in the world.

Despite these good rankings, according to the Financial Times, the MBA program is slipping. It was ranked 36th in the world (4th in Canada) in 2009, before falling in 73rd in 2011, and then 99th in 2012.

This all shows a downward trend that should not be overlooked.

Reputation – 8/10

According to the 2012 QS Global 200 Business Schools Report, Haskayne grads are the 9th most in demand in Canada, and 51st in North America. this shows a pretty outstanding reputation, but lags behind others in this list. That being said, given the relatively low MBA tuition rates, and the fact that the average graduates salary increased 79% from $50,000 to $90,000, this school has very good bank for its buck, far more so than Schulich, Sauder, and Desautels.

In addition, the school consistently does very well in the Inter-Collegiate Business Competitions (ICBC). Haskayne has won 73 national ICBC championships, more than twice as many as any other university. This enhances Haskayne’s reputation as a premier business school in Canada.

University Life – 8/10

The University of Calgary is generally a commuting university and when combined with the fact that there around roughly 30,000 current students, the university doesn’t offer a very thrilling experience. Of the 30,000 students, there are only 2200 that live in residence. Nonetheless, Calgary is a nice city and can be quite fun. Moreover, if you are one of the few that are in residence, the experience is deemed to be quite good.

In addition, University of Calgary is also quite well known for its fraternities which generally make university life more interesting.

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Desautels Faculty of Management - McGill University

Undergraduate Degree Quality – 8/10

McGill offers a variety of Bachelor of Commerce degrees. Firstly, they offer 13 major options ranging from Accounting to Economics to Information Systems. Secondly, they offer four honours programs; Honours in Economics, Honours in Investment Management, Joint Honours Economics &Accounting, and Joint Honours Economics & Finance. Finally, they offer a Bcom International Management Program in either Latin America and the Caribbean, East Asia, Western Europe (France, Germany, Italy, or Spain), Canada and the United States.

One issue though is the immense size of the faculty and the subsequent class sizes (even more so than Rotman). Furthermore, the programs don’t really have anything unique about them.

Graduate Degree Quality – 9/10

Forbes ranked it as the 11th best 2 year business school in the world outside of the United States in 2009 and 2011. Subsequently, the graduate degree quality must match the reputation (as described below).

In 2010, the Desautels School of Management was ranked 1st in Canada (8th in the world) by the Eduniversal Business Schools Ranking. This is in addition to ranked 31 among the top 100 business schools according to the most recent The Aspen Institute’s biannual ranking of MBA programs, above distinguished institutions such as London Business School,Dartmouth CollegeNorthwestern University and HEC Paris.

Additionally, the Financial Times 2012 ranked Desautels as the 3rd best full time MBA in Canada and 61st in the world, up 10 spots from 2011 as well as being ranked 2nd in Canada (75 in world) according to the Economist 2012. BusinessWeek in its 2012 rankings put Desautels 3rd in Canada and 10th in the world for its MBA program.

One of the school’s main initiative is travel and as a result, students can travel to exchange programs in Europe, the Middle East, or Africa.

Reputation – 9.5/10

Given that it is McGill university, it’s reputation is already stellar. McGill is consistently ranked the top if not top three universities in Canada and top 20 in the world. That being said, Desautel also has a good reputation. So much so, that grads see the biggest pay increase from their MBA program than any other business degree in Canada. The starting salary going in was $49,000, but after more than doubled to $112,000. Furthermore, its graduates are the 5th most wanted in Canada (19th in North America) according to 2012 QS Global 200 Business Schools Report.

This is all clear evidence of the strength of the McGill reputation.

University Life – 7/10

The campus is located in Montreal, which is known as a very exciting and fun city. However, as was the case with the University of Toronto, this doesn’t allow students to have a unique university experience. It is however known to be a fairly boring university when not considering the surrounding nightlife.

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Telfer School of Management – University of Ottawa

Undergraduate Degree Quality – 8/10

Telfer offers a Bachelor of Commerce with 10 specializations.  One bonus of the accounting program is that if you do co-op, your work placements count toward your CA accredidation. If you are interested in pursuing accounting, then this is a terrific opportunity. Ottawa U’s Bachelor of Commerce also has an incredibly high placement rate after graduation of 97% with a starting salary of $48,000. This is compared to a 96% placement rate from Queen’s Commerce and a $54,000 starting salary. Also important to note that Queen’s Commerce program is far more expensive so the $6000 less you get from Telfer still gives an advantage to Queen’s.

Graduate Degree Quality 7.5

Again, the tuition at Telfer for its MBA program is quite low at $23,293 for the upcoming year, thus making this an affordable program. One very interesting feature of the program is the MBA Consulting Project in partnership with Canadian Association of Management Consultants (CMC-Canada).  Thus, if you are interested in pursuing a career in management consultancy, then this is a great opportunity to learn the skills and network.

The percentage change in salary after graduating though is not that flattering compared to many other universities in this list.

Reputation – 8/10

The Telfer School of Management is one of only three schools in North America with triple accreditation thus automatically making them a very reputable school. It is fully accredited by the AACSB (USA), the Association of MBAs (UK), and the EFMD (EQUIS) (Europe). It is also consistently ranked in the The Best 300 Business Schools Worldwide by Princeton Review since 2005.

Despite its accredidations, the school’s reputation is not as good as others on this list. This can likely be at least partly attributed to that fact that the Telfer is the newest school of business on this list, being established in 1969, vs 1919 (Queen’s) and 1922 (Ivey).

University Life – 8/10

Ottawa isn’t a ‘fun’ city like Toronto or Montreal, but for students, it is good because the downtown region is fairly small compared to those cities and thus the whole city is accessible to students. Furthermore, the city if safer than Toronto and Montreal making it more comfortable for students to walk home at night.

Fraternities are also allowed at Ottawa U thus making it a bit more interesting. The school itself doesn’t offer a unique university experience however as it is large and scattered around downtown Ottawa.

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Sauder School of Business - University of British Columbia

Undergraduate Degree Quality – 8/10

Sauder’s Bachelor of Commerce offers 11 specializations plus the opportunity to get a double major in business and computer science. If you are interested in pursuing a career in technology consulting, then this is one of the best opportunities for you in Canada.

In 2011, around 8,000 students applied to the 530 spots available in the BCom program for first year making this an even more competitive undergraduate program than Queen’s Commerce or Ivey HBA. Despite the immense competition, the starting salaries after graduation are not that impressive at just  $44,300 within Vancouver and $49,700 outside Vancouver.

Graduate Degree Quality – 8.5/10

Sauder’s graduate degree is even more highly regarded than it’s undergraduate degrees.

Forbes ranked it as the 10th best 2 year business school in the world outside of the United States in 2009 and 11th best in 2011. In addition, the Financial Times 2012 ranked Sauder as the 5th best full time MBA in Canada and 82nd in the world. Similarly, Sauder also came 4th in Canada (91 in the world) according to the 2012 Economist rankings.

The employment within 3 months of graduation was relatively adequate at 90%.

File:Rosegarden ubc.jpgReputation – 8.5/10

According to QS Global 200 Business Schools Report 2012, Sauder graduates are the 4th most favoured in Canada (18th in North America) ahead of schools like Schulich and Desautels. Despite this though, the average salary upon graduation was just $78,000 which was quite low compared to almost every other university of this list. Sauder also came 1st in Canada and 27th in the world in the Shanghai Academic Ranking of World University for business schools which speaks volumes to its reputation abroad.

Having made it fairly high up in every major university ranking, Sauder is consistently considered one of the best in Canada and in the world.

University Life -9/10

UBC is an incredibly fun school. The campus is stunning (making our most beautiful campuses in Canada list) and alumni consistently rave about how much fun they have. The school has all the clubs and societies needed as well as having ten international fraternities making it one the most highly “fraternized” in Canada.

There’s not much more we can say here other than this university offers one terrific lifestyle.

(Image featured above is the Rose Garden at UBC with views of the mountains in the background)

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Laurier School of Business & Economics

Undergraduate Degree Quality – 9/10

Laurier’s undergraduate program simply does not get enough recognition. The school offers 13 concentrations in its BBA program in addition to offering co-op and a joint degree in Economics.

One tremendous advantage with the accounting and finance concentrations are that the courses can count towards accredidations such as CA, CMA, CGA, CFA, and CHRP for human resources. This is something that truly separates Laurier apart.

One stunning statistic is that after just three months of graduation, 96% rate of employment for all students (the highest in Canada). Although Laurier doesn’t have the reputation of other universities, its programs are top notch and offer some great opportunities.

Graduate Degree Quality – 8/10

Similar to its undergraduate degree, the MBA can be couple with a CMA or CFA. This is essentially two birds with one stand and can really differentiate you from other graduates. As well, the MBA program has a great co-op program that has had 100% placement rate since the program started. Thus, not only does the program possibly give you your MBA as well as potentially a CFA or CMA designation, but also relevant work experience. The tuition is also quite competitive compared to other MBA programs, even if you factor in the co-op fees.

Graduates also benefit from a whopping 94% increase in salary upon graduation.

Nonetheless, Laurier is not ranked in any major international rankings.

Reputation – 7.5/10

Laurier’s reputation is not as high as many other universities on this list. It simply just doesn’t have the reputation that Queen’s and Ivey have despite their full time MBA programs being very comparable. However, employers do know of the quality of education at Laurier and consequently the placement rate is very high for both undergraduate and graduate studies, as mentioned previously.

This doesn’t have the elite school reputation, but it still certainly is one of the best business schools in Canada.

University Life – 8/10

Laurier is located in Waterloo, the same city as University of Waterloo is located. As such, there are many students in the city and an inter-school rivalry exists. However, compared to Waterloo, Laurier generally is said to have a better, more community like feel to it, most likely due to the fact that it has about half the number of students. Laurier also has quite a lot of residences that allow for a more inclusive campus feel.

As a result, university life at Laurier is quite good.

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Honourable Mentions

Being that this is a top ten list, I had to exclude some schools that were comparatively quite good as well. Below is a list and a quick description:

Faculty of Business Administration – University of New Brunswick: This university is basically known as the best place to pursue graduate studies in the Maritimes (even more so than Dalhousie).

Asper School of Business – University of Manitoba: This school has received many accolades and is known for its community based research and teachings.

Alberta School of Business – University of Alberta: Employers actually prefer this school to Haskayne and HEC Montreal according to 2012 QS Global Report.

Degroote School of Business – McMaster University: A pretty popular school that is affordable and offers good employment opportunities.

Edwards School of Business – University of Saskatchewan: This is the best bang for your buck (behind HEC Montreal) and is very well respected.


As explained above, all of these criteria are equally rated so our finally score may not reflect what you need so please read the entire article. That being said, our final score of the best business schools in Canada is below:


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Home Answer Bank Best Business Schools in Canada

This topic contains 62 replies, has 6 voices, and was last updated by  Vivek Mathur 1 week, 5 days ago.

  • Author
  • #33586 Reply

    Alex Dorward

    Are you in high school and want to get into the very best business school possible? Or are you already in university and looking to get an MBA to solidify the chances of you landing a good, relevant job? Either way, the YOUhub team has created the most comprehensive analysis on the web of the best business schools in Canada.

    This article will evaluate each school based on 5 criteria; level of undergraduate education, level of graduate education, reputation, and university life. This will ultimately result in a final score based on equal weightings, although somebody may weigh some things more heavily than others (for instance, if you want an undergrad degree, the level of graduate education is not as relevant).

    [See the full post at:]

    #33587 Reply


    Hi Alex,
    Pls suggest good Canadian B schools.

    GMAT 600, 3.5 years experience . Are there any schools that I can target ?

    #33588 Reply

    Alex Dorward

    Hi Raghu,
    The schools outlined in this article are the best business schools in Canada. Your gmat score of 600 is good enough to get into any of their grad school programs as 550-600 is usually required.
    You looking for any specialty?

    #33589 Reply


    Post deleted to preserve client privacy.

    #33590 Reply

    Alex Dorward

    I will reply via email and delete this comment to preserve privacy.


    #33591 Reply


    This is a complete joke. There is NO WAY that HEC Montreal is ranked the #1 undergrad business program in Canada, in any stream. Also, Laurier is not comparable to Ivey and Queen’s either. There are so many other things wrong with this “informative ranking” that I can’t even type them all in 1 comment.

    #33592 Reply

    Alex Dorward

    Thank you for your comment. We highly encourage all people to provide their feedback and provide any expert information they may have.

    As indicated in the article, many rankings have compared HEC Montreal favourably to Queen’s and Ivey. This is compounded due to the fact that HEC offers bilingual and trilingual degrees. As such, HEC Montreal offers a truly international undergrad business program that is very highly sought after around the world. The significance of such an international reach is often overlooked, and that is something we wanted to highlight.

    I encourage you to point out any other issues you have with this article and we could incorporate it in another year’s version. If you don’t want to type it out in a comment, please email us.

    In which way is Laurier not at all comparable to Queen’s or Ivey? If you take a look at the article, you will find that it was ranked lower than these other two schools. Nonetheless, could you please provide us information as to how you objectively know that Laurier is not at all comparable? Have you attended all three business schools? If so, this would be invaluable information for us.

    However, there is very little subjective about this article and is based on numerous rankings (as the article mentions) and as well student opinions from around the country. Could you kindly provide the sources and/or experiences that you have had at all of these universities in order to enlighten our team.


    #33593 Reply


    What’s up, I desire to subscribe for this website to get latest updates, thus where can i do it please assist.

    #33594 Reply


    Hi Alex can u pl suggest which business school is better for undergraduate course between sauder school and schulich school Thanx

    #33595 Reply

    Alex Dorward

    Hi Rakesh,
    That depends on what you are looking for. Schulich offers a great iBBA (international business) whereas Sauder Commerce is a very good undergraduate degree. The lifestyle at UBC might be more fun seeing as how York is not known to be a particularly fun nor beautiful school.

    Ultimately, if you’re interested in international business, then Schulich, otherwise, Sauder.

    #33596 Reply


    I just wanted to respond to the “It is important to note that Ivey did not make it in the 2012 Economist MBA rankings top 100.” (which is listed under both Queens and Ivey in the article btw – copy and pasting?).

    The reason Ivey is not on the list is because Ivey declined to submit information to participate in the Economist rankings. As such, the Economist used old data from Ivey (Ivey may have participated in the past) which actually begs the question if the methodology and data the Economist uses for its rankings is reliable if they’re including schools that declined to be included.

    As such, I’m not sure why “the ranking here needs to be comparatively lower than York or U of T”.. just because the school declined to participate?

    The published rankings out there, in general, are poor indicators of the quality of education. They have categories such as “increase in salary pre-degree and post-degree” or “% of international students”. These metrics can be easily manipulated by schools (and are manipulated) during admissions to increase their ranking scores, sometimes at the detriment of the quality of education. All you have to do is admit a bunch of people that make a low salary and by the time they graduate, there will be a big boost in their salary to match those of a typical MBA grad. Top schools may choose to admit top candidates who are already making a good salary in their field and as such, these schools will be hit in the metric since their graduates won’t see as big a percentage increase.

    The only thing apparent in this article is that because you chose to focus purely on “objective” rankings out there, the schools that focus on high rankings rather than on TRUE quality of education are at the top (i.e. 10/10 quality ranking for Schulich for graduate education). I’ve spoken to a married Ivey and Schulich couple doing their MBA at the same time and what they’ve had to say was the difference between night and day. This is not your fault as a writer (obviously you didn’t design the rankings) but I would urge people to take the data in the rankings with a grain of salt. Talking to people in industry and alumni will make it abundantly apparent how ridiculous some of the conclusions in the article are.

    #33597 Reply

    Alex Dorward

    Thank you for your feedback.

    Regarding your first point, I have reworded those sentences to say that it’s important to note that they did not appear in that ranking.

    Secondly, the statement “the ranking here needs to be comparatively lower than York or U of T” is based on everything in the section, not just the previous comment. As such, when you look at all the other rankings, Ivey did not fair as well, hence the comment.

    Every rating system, regardless of topic or subject, will not be 100% accurate. This is merely just meant to assist people when applying to schools. By this, I mean this is just an analysis so that people can get a general idea of how schools perform, and then can inquire more. It is simply impossible to say “this school is better than this one”, but the YOUhub team has done its best to present a fair, unbiased and comprehensive analysis.

    Furthermore, simply asking one married couple which MBA program is better is simply not enough to back up your claim that Schulich is worse. Asking people for opinions is indeed valuable, but it is entirely subjective. As such, it is even more impossible to rank anything as everybody has different opinions. Even when asking students A and B about school X, they may give entirely different opinions. Hence this rating system tries to make it as objective as possible when looking at the grand scale of things. Opinions are formed based on events and emotions, and consequently may not even be close to being accurate.

    In summary though, I do agree that people should contact as many people as possible about numerous universities. However, since there are so many, we hope that this list assists people in narrowing down their list.

    Please feel free to reply back as we really do appreciate any feedback and always incorporate this feedback into future year reports.


    #33598 Reply

    Joel Nicholson

    I completely agree. That’s why the first question we ask when working with students is ‘why do you want to go to this school?’. If they can’t come up with a compelling answer beyond ‘reputation and rankings’, we know it’s either not the right school for them, or they just haven’t done enough research / thought to understand if it truly is what they want out of a 4-year education. Thanks for the discussion.

    #33599 Reply

    Quebec Haters Here?

    I’ve been studying in several top universities for my undergrad (exchange program) and I can tell you that the HEC Montreal program is VERY strong. Students are very down to earth and humble (that is not the case for many Ontario schools). Please stop your hate campaign. Quebec is a nice place and French Canadians are very open-minded. HEC Montreal students are competent in several languages, something that is increasingly popular with recruiters. Good job for this ranking, very accurate.

    #33600 Reply

    Alex Dorward

    Thank you. Good to see some different perspectives.

    #33601 Reply


    What do you guys think about university of alberta finance programs and can u name out the top 5 school in Canada for finance

    #33602 Reply

    Alex Dorward

    Hi Jovane,
    Is this for graduate or undergraduate?
    U of A’s MBA with finance speciality is pretty good that attracts good employers and is ranked fairly highly. There is also a masters in financial management if you’re interested in that.

    In terms of undergrad, U of A is also good, however it simply isn’t as good as other schools listed in this article. One concern of ours is that the first year of business you are in the arts faculty which is basically one less year of learning business content. Although Ivey is 2 years, the quality of education in the final two years is top notch and there are also BMOS classes for the first two years.

    With regards to specifically the finance major of the BComm, the curriculum contains 70% of the Chartered Financial Analyst (CFA) Level one accreditation so if this is something you are aiming towards, this could be a great option for you.

    The best schools for undergrad finance though in our opinion are:
    1. Ivey
    2. Queen’s
    3. McGill
    4. Schulich
    5. Laurier (don’t underestimate)

    We have posted this topic in the forum so feel free to check up on it for other perspectives.

    #33603 Reply

    Everyone loves what you guys are up too. This kind of clever work and coverage!
    Keep up the great works guys I’ve included you guys to my own blogroll.

    #33604 Reply

    Puneet Singh

    Is there any ranking for co-op programs for mba education (also detailing which program is best in a particular college) in canada

    #33605 Reply

    Alex Dorward

    We actually don’t have such a ranking but appreciate the idea. We will look into and research this to create a ranking.

    #33606 Reply


    You must come from ontario lol

    #33608 Reply


    why would one have any bias towards universities in the province they live in?
    the majority of universities (especally elite ones) are in Ontario, so it would be fitting that 6/10 universities mentioned are in Ontario.
    not really sure how these rankings would suggest any bias towards a province.

    #35593 Reply


    And what about John Molson ?

    #35626 Reply


    You only need an 80% minimum to get into John Molson… that itself explains the calibre of students going there. In terms of quality of education, the Executive MBA just got ranked #2 in Canada by the Economist, so assuming the same professors teach some undergrad courses and such.

    However, looking at the employment report, over 90% of graduates get places in Quebec and the average salary is only ~$40k, which is really low compared to the other top business schools. The ‘elite’ companies don’t really recruit there as well..

    I have heard the school spirit is phenomenal, and the facilities are state of the art. And I do believe they hold a case competition that’s one of the oldest and largest in the world.

    #35629 Reply

    Alex Dorward

    Good point.
    John Molson is quite a good school but isn’t top ten in Canada in our books. Rissie34 actually had some pretty good reasons as to why it wasn’t included in the top 10.
    Admittedly, this school probably should have been mentioned in the Honourable mentions.
    Thanks for your feedback and we’ll evaluate Molson for next year’s addition.

    #36095 Reply


    One issue I have.. University life. Western was rated as #1 in canada for student satisfaction and ENJOYMENT. The university life at UWO is the best in the country and you rated it lower than Queens. Kingston and London are similar cities, and both campuses at Queens and Western are lively, they should have the same ranking or if anything, Ivey/Western should be ranked HIGHER. Ivey grads are paid the most, and are the most well respected. I turned down my queens offer to go to schulich since it was closer to my home and i didnt want to have to go on such a long trip to visit my parents but I will not deny Ivey is the #1 business school in canada. If you give it .5 more in university life it should match HEC Montreal.

    #36188 Reply


    Western got rated number 1 in canada for the size of the university and Queen’s was rated only slightly lower with an A- score and came second for its size.

    For work-play balance as well as residence, Queen’s and western tied.

    For city satisfaction, Queen’s did better than Western.

    Queen’s did better than Western as a school for reputation and for career preparation they tied.

    Could you site your sources for reputation and average salaries?

    #36877 Reply


    Hey Alex ! I am looking for a 1 year MBA – Marketing program in Canada . Can you suggest some colleges with excellent placements.

    #36932 Reply

    Alex Dorward

    Hi Pat,
    Great idea for an article. It really depends on if you have a undergraduate business degree and at least one year of business work experience or not as usually accelerated MBAs are only for business grads that have worked. Otherwise, the typical ~two year MBA is your only real option from a good MBA school.

    If you do, then I might suggest looking into the following:
    -McMaster Accelerated MBA – 8 months: possible specialization in strategic marketing

    -Queen’s MBA for Business Graduates – 1 year: is offered in many major cities, but is quite costly

    -HEC Montreal Full-time MBA – 1 year: can be done in English or French and very affordable.

    -Simon Fraser Full-time MBA – 1 year: has an addition 4 month optional internship where you can get a marketing and branding internship

    -UBC Full time MBA – 16 months: if you are willing to go a bit beyond a year, UBC has a great MBA program with a career path in Product and Service Management but is fairly pricey.

    -Western Accelerated MBA – 8 months: if you were an HBA grad or meet their tough requirements, you can apply for this. They have a “career focus” in marketing if you wish.

    These are just a few. I will likely write a more detailed article in the near future.

    Hope this helps!

    #37088 Reply


    Alex ! Thanks a lot for your inputs. I will go through the details and get back to you. I am a post graduate in General Management with 3 and half years of work experience. Thanks Again !!!

    #37112 Reply

    Alex Dorward

    Hi Pat,
    You’re welcome.
    I actually wrote an article on the subject so thanks for the idea.
    Hope this helps:

    #37344 Reply


    Hi! I’m currently entering last year of high school this week. That being said, I live in Manitoba and our business school is in the HONURABLE mentions.. Haha! I hope to get out of this city and do my undergrad else where in Canada. What would be the top university’s for an internation business degree? Or a marketing degree? Haven’t decided which I want to pursue. Thanks in advance

    #37348 Reply

    Alex Dorward

    For international business, Schulich has a iBBA which was the first of its kind in Canada and is highly well respected.
    Carleton actually has a pretty good international business program too although its business school in general isn’t top tier.
    Marketing generally isn’t something a university is known for, but UBC does have a good marketing program.
    Generally speaking, any of the top business schools in canada will have great marketing programs.

    Please feel free to contact our admissions consulting if you require further assistance.

    #38117 Reply


    Interesting article. Not many undergrad programs have an official ranking in Canada. Which, in your opinion, are the ‘next best’ … I guess if you were to write this article in 5 years’ time (when most of us will be graduating university), what would it look like?

    #38138 Reply

    Alex Dorward

    Great question.
    Let us do some analysis and research and I wouldn’t be surprised if an article pops up.

    #41126 Reply


    Hey mate! I’ve been doing extensive research but decided to check my luck and maybe get help from a pro! I was wondering if every university listed in your top 10 have a major and minor type format. In my case, I really want to go into business… I’d want to focus on international business (major)?.. and then also focus on Policy/foreign trade ( minor)? Does it work like that hah..? Sorry I sound kinda lost. I know Mcgill has something exactly like what i’m saying but there acceptance average is quite high and I need a back up just in case I don’t make it.. So that being said what are the top undergrad universitys in Canada that provide a strong international business program…that also includes a “global politics” type feel to it as well? I know I ask a lot but if you do know the answer to it, it would help A LOT! Thank you.
    Here is a link to Mcgills minor with an international business concentration if your at all confused on what I meant hahah :)

    #41986 Reply

    Alex Dorward

    Hi there,
    Feel free to contact our admissions consulting email address for further details.
    However, in a nutshell, some programs offer double majors, others a major/minor, others you can get a double degree.
    It really depends on the school.
    if you contact us, we can work with you to identify a school that suits your desires and acceptance restraints.
    Hope to hear from you!

    #49748 Reply


    Why isn’t Carlton on this top 10? ( not in the sense that I believe that it deserves a spot) I’m just wondering what it doesn’t have that these top 10 do. I was looking at these top 10 university’s and I was looking for a Bachelor of International Business program. Carlton has one aside from a commerce degree! Do you know how good the BIB program itself is? I cannot find reviews online.

    #52655 Reply

    Alex Dorward

    Carleton isn’t in the top 10 because it simply doesn’t have the quality of education, reputation, or a particularly good university life.
    Unlike Ottawa U, Carleton is situated outside of downtown and doesn’t have a lot of happening places right nearby.
    Sprott is definitely a good business school, but it simply is not as good as other schools listed. Although reputation shouldn’t trump quality of education, Sprott still lacks here as it has very little international repute.
    That all being said, its international business programs is one of the best in Canada. Schulich is the leader of international business programs in Canada, but Carleton is also quite good. I know a few people who have attended and they echoed these sentiments.
    Hope this helps.

    #97528 Reply

    I think UOttawa is kind of overrated..

    #98545 Reply


    What are job prospects for an Ontario anglophone graduating from HEC Montreal.

    #98546 Reply

    YOUhub Admin

    What did you graduate HEC montreal with?
    Top employers will know of HEC Montreal, especially ones that have presence in Quebec.

    #98547 Reply


    Trying to decide – Rotmans, Schulich ibba, laurier or hec. I really like HEC but have heard that employers in Quebec only like real Quebecois. Will it be difficult to relocate? Do they have contacts in Ontario and beyond? How hard will it be to find a job? How is the program?

    #98548 Reply

    Alex Dorward

    Rotman – we suggest for accounting, and otherwise it’s probably not as top notch as other schools (QC, Ivey, etc).
    Schulich iBBA – very strong program and in my mind, one of the most underrated in Canada. iBBA is a great degree to have (and was the first in Canada)
    laurier – good school, but i consider this to be the best not top tier business program
    HEC – great school, good, unique opportunities.

    If you are bilingual, then you’ll have a fine time getting employer attention in Quebec. If you are only english speaking, then it might be tough to attract employers from quebec. however, employers in ontario will not frown upon an HEC degree – not at all.

    Does this help answer your question?

    #98550 Reply


    from your forum you seem to rate hec up there. Do you consider it top tier? Schulich seems great but lousy location. Do you know anything about student satisfaction at hec?

    #98551 Reply

    Alex Dorward

    Yes, HEC montreal is ranked highly by us and is indeed top tier (but in a different way because of its unique, high quality offerings). From our discussions with various students, they would confirm our rankings.
    That being said, there is no student satisfaction survey about HEC Montreal, but rather about Universite de Montreal (to which HEC Montreal is part of).

    Also, please be aware that YOUhub is currently conducting surveys with current and very recent graduates of universities around Canada. From there, YOUhub will be able to provide some insights into student satisfaction that no other publication in Canada can. also in the ropes is a detailed review of HEC montreal.

    #98690 Reply


    Hi Alex,
    We went to see Rotman and Schulich this week. The preference is for Rotman because of location and size but the Schulich Ibba is a better program. I got the impression from talking to the people at Rotman that employers are liking there grad since they implemented the supplementary application. Schulich has classes at York which is definitely low in standards. Could you give more recent feedback on Rotmans re course load and networking plus anything else you can add? Thanks.

    #98694 Reply

    YOUhub Admin

    Hi Lori,
    Of course people at Rotman will praise Rotman. Schulich is at York university, and York university, although not the best location or nicest looking, had some very good programs.
    For accounting, Rotman is better, but aside from that, we would recommend Schulich iBBA over Rotman.
    In terms of recruiters, the iBBA is very well known, but U of T is top notch.
    Either way, I would look at other factors to help you decide your answer.
    We can help you with that if you’d like.

    #99059 Reply


    For the Sculich iBBA, you are required to take a language. Can you take one that you have never studied before

    #99688 Reply

    Daniel Lombardi

    How would you say Ryerson’s new Accounting and Finance program ranks now that it offers co-op? Although the co-op program is just starting next year, Ryerson is in a great location being situated on Bay Street. Do you know if employers respect Ryerson?

    #104949 Reply


    I very much found the summaries of the few Canadian colledges . But i was wondering if i could get valid information about atleast 30 top Canadian colledges . I would very much appreciate the help .

    Thank you

    #105922 Reply


    Hi Alex!

    I’m looking for 8-10 month postraduate(maybe MS’s) program in marketing (with start in January 2015).
    Could you please give an advice about really intensive and good programs in universities and colleges or maybe some links with ranking of such programs?

    Thanks a lot!

    #108051 Reply


    Hi Alex,

    Do you know on average how many extracurriculars are required to be competitive when getting into queens?

    #109324 Reply


    This must be joke to rate some of these other undergrad schools higher than Rotman in business, its sad and inaccurate, it is an Arts and Science bachelor only in first year where students are forced to compete and be in the top percentile to pass into 2nd year where you get a full Rotman acceptance if your grades are about 70% in the 3 pre-reqs. You should go read up on how Rotman ranks not only in graduate studies but also in undergrad. This is a poor representation of the school especially with the factors you base it off of. Disappointed.

    #109326 Reply

    YOUhub Admin

    Thanks for the opinion. We appreciate all inputs as opinions like yours contribute to our rankings, however, we base these off of more than just one opinion.
    Have you attended other business programs other than Rotman? If so, I would love to hear about your experiences at others and how they compare to Rotman since this article does its best to present a balanced approach without taking one view point or perspective.

    Just a point to mention: the difficulty of getting in has absolutely little impact on how good the program is. I also fail to understand how the program structure of Rotman somehow negates the facts.

    With regards to rankings, this article examines all of them, but also admits our independent research where we surveyed 100 undergraduate business students in the top business programs. Our survey results would echo these results posted in this article as students were not overly pleased with the education or career prospects at Rotman.

    If you could also pass on the rankings we did not use to base this article, such as where Rotman is ranked well for undergraduate programs, that would be very appreciative as we’ll include that in our next issue.

    Thanks again!

    • This reply was modified 6 months, 3 weeks ago by  YOUhub Admin.
    #109765 Reply

    Tee Ola

    what do you think of ted rogers business school. I am curently in grade 12 and checking out business schools

    #110293 Reply

    Anas Bin Aziz

    Hi my name is Anas.
    I am from pakistan. I need some help as my grades in Alvels are not good. They are 2C’s and 1B. Help me on this.

    #111614 Reply


    I am a graduate with two years of work experience , is Beedie School of business , SFU good for full time mba program.

    #111617 Reply


    Hi alex,
    Is Beedie School of business , SFU good for full time mba program and what about their placements

    #112192 Reply


    Need to know about Vancouver Island University!
    Does the education quality and the Value of MBA good enough ?

    #120548 Reply


    Hi all…
    My question is that will I be eligible for these universities with a valid ielts score? I’m very much interested in pursuing a MBA at Canada…. And how about Brock s university.?

    #122553 Reply


    HI ALEX.


    #123813 Reply

    Vivek Mathur

    Which under graduate program will you recommend for a Torontonian, between Laurier BBA and Schulich BBA if career interests are Investment Banking/ Consultancy ?

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