Toronto is the capital of Ontario and one of Canada’s major urban centers. As Canada’s most populous municipality and a national business and financial hub, it is also a popular place to study and build professional networks. The city is known for its multicultural population and remains one of the best destinations for international students. Toronto is home to major public universities, colleges, and professional schools, including the globally ranked University of Toronto.
Moreover, Toronto has several colleges and vocational schools. Its large economy can give business students access to internships, co-op placements, networking events, and job opportunities, although employment after graduation depends on the program, immigration status, work authorization, and the student’s own job search. That’s why this article lists some of the following best business schools in Toronto:
Top Business Schools in Toronto
1. University of Toronto
The Joseph L. Rotman School of Management, often called Rotman, reflects the University of Toronto’s strength in teaching and research. Its business options include Rotman Commerce at the undergraduate level, specialized master’s programs, MBA programs, and a Ph.D. in Management.
Rotman’s MBA programs are designed for different student schedules and career stages. The Full-Time MBA is a 20-month program that includes 16 months of academic study and a four-month paid internship. The Evening MBA is a 32-month, in-person option for working professionals, with classes held after work during the first half of the program. Rotman also offers executive and specialized MBA options.
Tuition fees differ by program and student status. For students entering the Full-Time MBA in 2025, estimated program fees are CAD $92,540 for domestic students and CAD $141,930 for international students before incidental and ancillary fees. The Executive MBA fee for Fall 2025 entrants is CAD $125,000. Fees are set by the university and are subject to change.
2. York University
The Schulich School of Business at York University is ranked among the leading business schools in Canada and internationally. It offers undergraduate, master’s, MBA, and doctoral programs. Schulich also offers a Master of Business Analytics, a 12-month full-time, in-person program that the school describes as the first of its kind in Canada.
Schulich’s MBA program is available in full-time and part-time formats. The school reports that 91% of its MBA graduates were hired within six months of graduation, based on its published MBA employment information.
For Fall 2026, Schulich lists estimated Full-Time MBA fees at CAD $73,858 for domestic Ontario students, CAD $77,431 for domestic out-of-province students, and CAD $124,011 for international students. Part-time MBA fees are listed separately, and international students considering part-time study should review Canadian immigration rules before choosing that format.
3. Toronto Metropolitan University
Previously known as Ryerson University, Toronto Metropolitan University is home to the Ted Rogers School of Management. The school traces its business education history to 1948, when business was one of the original faculties at the Ryerson Institute of Technology.
Ted Rogers School offers a wide range of undergraduate and graduate business programs, including business management, accounting and finance, business technology management, hospitality and tourism management, retail management, an MBA, and a Ph.D. in Management. Its Business Management program offers co-op options, but students compete for co-op placements and employment is not guaranteed.
The Ted Rogers MBA is ranked among the top five MBA programs in Canada by Bloomberg Businessweek for 2024–2025 and is ranked fourth in Canada for post-graduation compensation. For 2025/26, Business Management undergraduate tuition and fees range from CAD $11,682 to CAD $11,738 for Ontario students, CAD $12,526 to CAD $12,582 for domestic out-of-province students, and CAD $42,316 to CAD $42,372 for international students. MBA fees for 13 credits are listed at CAD $26,547.38 to CAD $28,581.94 for domestic students and CAD $57,891.34 for international students, plus ancillary fees. Ph.D. in Management yearly fees are listed at CAD $9,124.47 to CAD $11,042.64 for domestic students and CAD $26,963.84 for international students.
4. Wilfrid Laurier University – Toronto
Wilfrid Laurier University was founded in 1911 as the Evangelical Lutheran Seminary and was renamed Wilfrid Laurier University in 1973. Today, Laurier has campuses in Waterloo, Brantford, and Milton, along with a Faculty of Social Work location in Kitchener and selected programs or partnerships in other locations.
Laurier’s Lazaridis School of Business and Economics offers several MBA pathways. Its MBA options are primarily based in Waterloo, while Toronto-based options include the full-time MBA in Sports Management in partnership with the Global Institute of Sport at BMO Field and weekend-format MBA options. The Toronto weekend MBA format holds classes on Friday evenings and Saturdays on alternate weekends, and the Toronto MBA can also be combined with the Executive Master of Finance as a double degree.
The Lazaridis MBA program states that it was the first in Canada to offer a one-year full-time MBA. Program format and length vary by option. For 2026/27, Laurier lists the full-time domestic MBA Waterloo rate at CAD $9,935.79 per term, the part-time domestic MBA Waterloo rate at CAD $1,490.72 per 0.50 credit, and the full-time international MBA Waterloo and Toronto rate at CAD $19,570 per term. Students should check Laurier’s fee schedule for the specific Toronto format they plan to study.
5. Concordia University
The Faculty of Commerce and Administration at Concordia University became the John Molson School of Business in 2000 in honor of entrepreneur John Molson and the contributions of his family and foundation. John Molson is based in Montreal, but its MBA in Investment Management has been offered in Toronto since 2001, making it relevant for students looking for a Toronto-based business study option.
John Molson is accredited by AACSB and EQUIS and is a member of the AMBA Development Network. Its MBA in Investment Management was the first MBA program to fully integrate the CFA Candidate Body of Knowledge and is designed so students can continue working full time while studying. Students interested in other John Molson programs should confirm the program location and delivery format before applying.
International students who want to study business in or near Toronto have options from Toronto-based universities, Toronto-format programs, and Canadian business schools with Toronto offerings. Toronto’s business district and diverse economy can support networking, internships, co-op work terms, and career exploration; however, students should verify each program’s current delivery format, fees, scholarships, and study or work authorization requirements before applying.
We hope this article on the best business schools in Toronto was helpful. To learn more about studying in Canada, check out our Study in Canada page or explore the Available Courses for International Students!
