Average MBA Salaries in Canada: What to Expect in 2025 and Beyond

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: Best MBA Program for Tech Students in Canada: Top Programs to Consider

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

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

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.

Also Read: What Are the Job Prospects After an MBA in Canada?

How can you boost your MBA ROI with upGrad’s online programs?

A quality education is essential for students aiming to excel in MBA career paths and salaries. upGrad’s MBA programs provide just that, with AACSB accreditation, AICTE approval, and WES recognition—clear indicators of their academic excellence and industry relevance.

• Master of Business Administration (MBA), O.P. Jindal University 
• Master of Business Administration, Paris School of Business
• Master of Business Administration, Golden Gate University 
• Master of Business Administration, Edgewood College
• Master of Business Administration (MBA), Liverpool Business School
• Dual Degree MBA and DBA, Edgewood College

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