Key Takeaways
- Toronto the business and financial capital of Canada, boasting myriad opportunities for networking and internship.
- You can earn MBA at some of the most prestigious business schools, like the University of Toronto's Rotman School of Management.
- How to apply for scholarships and bursaries at Toronto's well-endowed business schools.
- Find alternative options for business learning at the city's colleges and private institutions.
Pursuing a business degree is one of the wisest decisions you can make as a student. Not only is the learning practical, it can lead to lucrative and high-paying careers that enable you to apply your creativity, entrepreneurial, organizational, and mathematical skills - just to name a few.
In a country like Canada, it can be hard to choose where to study business - there are so many great schools and programs to consider! However, if you want to be where all the action is, you may want to take a closer look at Toronto.
As the financial and business hub of Canada, it should come as no surprise that Toronto is home to some of the best business schools in the country. Aspiring business leaders looking to pursue an undergraduate or graduate degree in business will have no problem finding interesting programs with plenty of local opportunities to gain practical experience.
Whether you're aiming for an MBA, a specialized master's degree, or an undergraduate program, Toronto’s business schools are among the best in Canada and around the world. Studying business in Canada offers many top education and career pathways.
Here’s a look at some of the top business schools in Toronto.
University of Toronto Rotman School of Management
Located in downtown Toronto in the heart of the University of Toronto campus, the Rotman School of Management is renowned as the gold standard of business education in Canada. The school's full time MBA program ranks as one of the best in North America, and is known for its emphasis on integrative thinking,, innovation, and global perspective.
With roots in the University of Toronto business school programs stretching back to the early 20th century, the Rotman Centre for Management opened in 1995 thanks to a generous 15 million dollar gift from Sandra and Joseph Rotman. Extensive funding and gifts from the University of Toronto, Marcel Desautels, Michael Lee Chin, and David Feldman enabled the school to grow and develop into a business education powerhouse.
Students benefit from the school's connections with the local business community, networking, and career opportunities. Graduates emerge as leaders that are able to thrive in a range of business environments.
Programs include: MBA (Full-time, Morning/Evening, Executive), Master of Financial Risk Management, Master of Management Analytics, PhD, BCom. Online business education in Canada connects students to global opportunities from anywhere.
York University Schulich School of Business
Located in North York, the Schulich School of Business is York University's premier school for future business leaders. The school is known for it's global presence, offering international programs and exchange opportunities with over 80 schools around the world. The MBA program is flexible and allows students to customize their path with different specializations.
Schulich was founded in 1966 as the Faculty of Administrative Studies at York University. Its initial focus was management education to support Canada's growing post-war era. In 1995, a generous donation from businessman and philanthropist Seymour Schulich led to the renaming of the school, and funded the expansion of facilities, research, and programming.
Programs include: BBA, iBBA, MBA, Executive MBA, Master of Finance, Master of Marketing, Master of Supply Chain Management, PhD.
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Toronto Metropolitan University Ted Rogers School of Management
Toronto Metropolitan University's (TMU) Ted Rogers School of Management is known for its blend of academic rigor and real-world practicality. Located in the heart of Toronto's urban core, this school brings students right to the centre of Canada's economic hub and Toronto's business community. The undergraduate commerce program is one of Canada's largest. Launch your future by studying business in Ottawa, Canada’s capital!
TMU's business school was originally named the Faculty of Business and included the school's Hotel, Resort, and Restaurant Administration program. A Bachelor of Commerce was established, and the school took a broader approach to business education. A major $15 million dollar donation from Ted and Loretta Rogers in 2007 led to the renaming of the school and the expansiion of facilities and programs.
Tuition at Ted Rogers is affordable compared to other business schools, and there is a strong focus on entrepreneurship and innovation. Programs include: BComm, MBA, Master of Health Administration, Master of Management, PhD in Management.
How Toronto’s Business Schools Compare Globally 🌍
As the financial capital of Canada, it should come as no surprise that Toronto's business schools to rank high on a global scale. Schools like Rotman and Schulich attract international students from around the world because of their reputation and prestige. Let's take a closer look at how Toronto schools are seen by the world.
| Rotman School of Management | The Schulich School of Business | Ted Rogers School of Management | |
|---|---|---|---|
| International Accreditations | AACSB | AMBA, EQUIS | AACSB |
| Global Rankings | Ranked #76 by the Financial Times Global MBA Ranking (2025) and the Economist; Executive MBA ranked #28 globally QS 2025 | QS Global MBA Ranking (2025) ranked Top 25 globally in Finance, Marketing, and Operations Management. Executive MBA ranked #28 globally QS 2025 | Not Ranked |
| Other Recognitions | Often ranked along with other top schools like NYU Stern and the Melbourne Business School | Appears regularly on the Economist's global business school lists. Solid international presence with joint programs in India, China, and France | Strong reputation for its industry-focused programs and large, diverse student body. Typically compared to other polytechnic institutions in cities like Chicago, London, or Berlin |
| Notable Strengths | One of the most competitive and respected MBAs in Canada, thanks to its tradition of excellence and current reputation as an innovative, forward thinking school | Emphasis on sustainability, diverse specializations, strong global partnerships. Overall, it is compared to mid- to upper- tier business school | Affordable tuition, central location, practical business education |
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Starting a Business Course in Toronto Outside of the University Track 💼
As you explore schools, it may be worthwhile to keep in mind that an MBA or a degree isn't necessary for starting a job in a business-related area or starting your own business. While these schools will give you the skills you need to thrive, you'll find no shortage of business owners and staff that did their learning outside of a university track.
Calgary’s innovative spirit makes it an exciting place to study and launch a business career.
Taking business courses in a community college, continuing education department, or private business school may be an excellent choice if you already have a degree, want to upgrade your skills, or simply want to learn something new.
In Toronto, George Brown's Centre of Business is a great alternative to traditional university business schools. George Brown offers practical training for those looking to enter the workforce quickly, along with affordable tuition and accessible admission. Programs include business diplomas, postgraduate certificates in areas like Financial Planning, International Business, Digital Marketing.
Other colleges like Seneca College and Centennial College offer similar programs that are affordable and focused on providing a practical business education aligned with global and local employment trends.
Still want the credentials of a reputable university on your resume? York, the University of Toronto, and Toronto Metropolitan University each have fulsome continuing education programs with lots of business courses and certificates to choose from.
Scholarships and Financial Aid for Business Students in Toronto 🌟
Business school can be costly, particularly if you are working on an MBA or an undergraduate degree. Though it is important to consider your tuition as an investment in your future, qualifying students should seek out scholarships and financial aid whenever possible to lower the costs of postsecondary learning. Toronto business schools are committed to supporting students through scholarships, bursaries, and other funding opportunities.
For example, the Lester B. Pearson International Scholarships at Rotman cover full tuition, books, residence support, and other expenses for international undergraduate students demonstrarting excellence and leadership. Various schools also offer merit-based scholarships for graduate business programs based on academic achievement and leadership experience.
Schools like Ted Rogers and Schulich offer various scholarships and financial aid options based on factors like grades and demonstrated financial need. Students may also want to look into provincially sponsored student loans, such as OSAP, with lower rates of interest than loans acquired from banks.
✅ Tips for Getting Financial Aid
Learn at a Toronto Business College or University
Toronto's business schools show case the city's international presence, organization, and entrepreneurial spirit. You'll find top-tier MBA programs, reputable undergraduate degrees, and hands-on training opportunities at the city's numerous schools and institutions.
With easy proximity to some of Canada’s largest corporations, tech scene, and networking opportunities, studying business in Toronto isn’t just about getting a degree or certificate — it’s about launching a career in one of the world’s safe and prosperous cities.
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