Earning an MBA can be a game-changer for your career, opening doors to higher salaries, better job opportunities, and faster professional growth. Compared to those with only a bachelor’s degree, MBA graduates often enjoy a significant boost in earning potential, with studies showing salary differences ranging from 35% to 45% or more. This increase is influenced by several factors, including the industry you enter, your level of experience, the role you take on, and the reputation of your MBA program.
This blog will discuss the average MBA salary in Canada, the factors that affect such figures.
Source: Mangalayatan Online
Average MBA Salary Canada: 2025 Trends and Predictions
MBA salary is among the highest in the business domain, especially compared to people in comparable roles who do not hold an MBA degree. In Canada, the median starting salary of an MBA graduate is CAD 62,291 a year. These graduates earn a median average yearly wage of CAD 80,000, and with experience, this figure can go up to CAD 136,369 a year.
Industry
Specific industries in Canada, such as finance, consulting, and technology, offer higher salaries to MBA graduates. Listed below are the highest-paid MBA jobs in Canada:
- Chief Technology Officer – CAD 207,303
- Chief Executive Officer – CAD 124,803
- Finance Manager – CAD 93,040
- Management Consultant – CAD 86,623
- Business Operations Manager – CAD 66,529
- Marketing Manager – CAD 66,187
To maximize post-MBA salaries, candidates should choose programs recognized by their target industries and tailor their coursework accordingly. For instance, those aiming for a career in consulting should opt for programs offering a specialization in consulting to build relevant skills and stand out in the job market.
Also Read: CFA vs CPA: Which Is the Right Choice for Your Career?
Location
The master of business administration salary that candidates receive in Canada also depends significantly on their location. Usually, in the context of geographic location, factors such as local industry demand and cost of living play a significant role in determining the salaries paid to MBA professionals. The following are the average salaries of MBA graduates based on province:
- Ontario – CAD 83,357 a year
- Alberta – CAD 79,742 a year
- Quebec – CAD 76,996 a year
- British Columbia – CAD 67,500 a year
Also Read: Best MBA Program for Tech Students in Canada: Top Programs to Consider
Job Function
MBA salaries tend to vary in the same organization based on job function, and the difference can be dramatic. For example, MBA professionals working in operations, marketing, and business development leadership roles tend to earn more than MBA professionals working in other arms of the same organization. Operations managers in sectors such as healthcare and tech receive above-average salaries because they ensure that the entire organization is running seamlessly.
Also Read: Best Online MBA Programs in Canada for Working Professionals
Company Size
The size of the company one works for can also significantly affect the MBA salary in Canada, along with the extra benefits that these professionals receive. Bigger corporations usually offer more generous base salaries accompanied by various perks such as pension schemes, health coverage, and educational grants. The latter can really play a crucial role in enhancing the worth of a candidate’s graduate degree.
Educational Background
The specific MBA program that a candidate studies can also influence the salary they get after graduation. If the program offers experiential and hands-on learning components such as internships and client-based projects, students can always expect higher salaries upon graduation. This is because such programs provide students with a robust skill set that they can apply almost immediately in their workplace, and every employer values this.
Also Read: MBA Career Planning: What to Do During and After the Program
MBA Salary by Experience Level in 2025
The following table shows salaries for various MBA profiles in Canada based on experience:
| Job Role | Entry-Level Salary | Mid-Level Salary | Senior-Level Salary |
| Chief Technology Officer | CAD 107,000 – CAD 199,000 | CAD 112,000 – CAD 201,000 | CAD 137,000 – CAD 224,000 |
| Chief Executive Officer | CAD 83,000 – CAD 222,000 | CAD 88,000 – CAD 189,000 | CAD 98,000 – CAD 246,000 |
| Finance Manager | CAD 74,000 – CAD 112,000 | CAD 82,000 – CAD 116,000 | CAD 83,000 – CAD 127,000 |
| Management Consultant | CAD 75,000 – CAD 112,000 | CAD 84,000 – CAD 121,000 | CAD 99,000 – CAD 152,000 |
| Business Operations Manager | CAD 63,000 – CAD 103,000 | CAD 72,000 – CAD 111,000 | CAD 73,000 – CAD 117,000 |
Source: Glassdoor MBA Salary by Specialization in 2025
Ensuring Long-Term Professional Development and Career Growth as an MBA Professional in Canada
A candidate’s MBA degree salary, and career growth depend largely on their willingness to take on new challenges.
| Suggestion | Best Ways of Execution | Benefit |
| Active Networking |
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| Pursuing Certifications |
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| Staying Updated |
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Also Read: What Are the Job Prospects After an MBA in Canada?
MBA Salary by Specialization in 2025
In 2025, your specialization has a substantial impact on the MBA salaries you earn in Canada. The other significant factors tied to these are your job seniority and location. For example, if you have specialized in finance, you can earn between CAD 90,000 and CAD 110,000 a year at the early-to-mid level.
When you graduate to senior and high-performance roles in this specialization, your salary can go up to CAD 150,000 – CAD 175,000 a year or even more than that!
If you have specialized in strategy and/or consulting, you can earn between CAD 100,000 and CAD 160,000. At the top level in this domain, you can earn at least CAD 200,000 a year.
MBA ROI and Payback Period in 2025
Studying for an MBA in Canada can cost you anywhere between CAD 60,000 and CAD 90,000, including living expenses and tuition fees. In most cases, you will be able to recover this amount within 2-3 years of your employment, as you can earn an average initial salary of around CAD 90,000 a year with an MBA.
If you get a job in the finance or consulting sectors, you can recover the investment even quicker. It can be as quick as 18 months, too! ROI is even higher for students who land jobs at international firms operating in cities like Toronto, Montreal, and Vancouver.
MBA Career Growth Timeline in 2025
The job market for MBA graduates in Canada is lucrative. Specific specializations help you earn, but overall, you can earn well. More importantly, you can make a significant impact on your organization and industry with the quality of your work.
The following list offers you an idea of the career progression you can achieve in different sectors:
- Finance: Financial Analyst – General Manager – Financial Manager – Chief Financial Officer – Corporate Treasurer
- Marketing: Marketing Executive – Marketing Analyst – Marketing Manager – Market Development Manager – Chief Marketing Officer
- Human Resources: Human Resources Training Executive – Human Resources Officer – Recruiting Manager – Human Resources Manager – Chief People Officer
Top Employers Hiring MBA Graduates in Canada in 2025
Clarivate is one of the leading names in Canada hiring MBA graduates right now. It offers innovative analytical and data solutions to the world’s largest medical and biopharmaceutical companies.
Its Medtech Data team uses real-world healthcare data to derive meaningful insights from vast metadata and large data sources. This lets them help medical device companies in making crucial business decisions.
The following are the other leading companies hiring MBA graduates in Canada in 2025:
- Accenture
- Trindent Consulting
- Jonas Software
- Pomerleau
- Upland Software Inc.
- TTM Technologies
- CBRG
- Valsoft Corporation
- Tribute Technology
- Loblaw Companies Limited
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- Master of Business Administration (MBA), O.P. Jindal University
- Master of Business Administration, Golden Gate University
- Master of Business Administration, Edgewood University
- Master of Business Administration (MBA), Liverpool Business School
- Dual Degree MBA and DBA, Edgewood University
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FAQs On Average MBA Salaries in Canada
Q: What is the average salary after an MBA in Canada?
Ans: The average salary of an MBA graduate in Canada is between CAD 95,901 and CAD 109,606. The figure varies depending on factors such as role and industry.
Q: Does an MBA have value in Canada?
Ans: Yes, an MBA holds significant value in Canada and around the world. It can be a valuable asset for job opportunities and career advancement.
Q: Does your salary increase after an MBA?
Ans: Yes, candidates can indeed receive a salary hike after they obtain an MBA. Several reports suggest that completing an MBA program significantly enhances earning capacity.
Q: Which industry pays the highest salary to MBA graduates in Canada?
Ans: Finance, technology, and consulting usually offer the highest salaries to MBA graduates in Canada. These sectors have a high demand for such professionals.
Q: What factors influence MBA salaries in Canada?
Ans: The main factors influencing MBA salaries in Canada are:
- Industry
- Location
- Job function
- Company size
- Educational background
- Experience
- Reputation of an educational institution
- MBA program specialization
