The Stephen J.R. Smith School of Business, based in Kingston, Ontario, is Canada’s oldest business school and holds the country’s #1 Financial Times ranking for MBA career services for six years in a row. Its parent institution, Queen’s University, sits at #179 in the QS World University Rankings 2027, the strongest position in over a decade.
The school runs a January-intake Full-Time MBA, an Accelerated MBA, five specialist MSc in Management fields, a Master of Finance, a Master of International Business, a Master of Management Analytics, a Master of Management Artificial Intelligence, and the four-year Bachelor of Commerce. All programmes are taught in English. Around 50% of every Full-Time MBA cohort holds an international passport, with Indian applicants sitting inside that intake mix.
- QS Global MBA Rank 2026: #91
- Financial Times Global MBA Career Services: #1 in Canada, six consecutive years
- Full-Time MBA Acceptance Rate: 42% (estimated)
- Intakes: January (Full-Time MBA), September (MSc, MIB, BCom)
- Full-Time MBA Tuition (International): CAD 110,000 (INR 75.9 lakh)
- Average Total Compensation, MBA Class of 2025: CAD 113,490 (INR 78.3 lakh)
Also Check: MS Universities in Canada
Queen’s University runs one-year and two-year master’s tracks that qualify for a study in Canada Post-Graduation Work Permit of up to three years. Tuition is set per academic year and paid in staged installments across the programme. Living costs in Kingston sit well below Toronto or Vancouver, making the total investment more manageable for Indian families.
Exchange rate used: 1 CAD = INR 69.0 as of August 2026
Admission Status: Open (January 2027 Full-Time MBA intake). Smith runs rolling admissions for the Full-Time MBA with no fixed close date; the school urges early submission because scholarships and seats fill on a first-ready basis. September 2027 intakes for MIB, MSc Management, MMA and BCom will open on Queen’s applicant portal from October 2026 onwards.
Table of Contents
- Popular Courses and Smith School of Business Fees 2027
- Stephen J.R. Smith School of Business Admission 2027
- Stephen J.R. Smith School of Business Admission Requirements for Indian Applicants 2027
- Stephen J.R. Smith School of Business Acceptance Rate 2027
- Smith School of Business Fees and Cost of Living for Indian Students 2027
- Stephen J.R. Smith School of Business Campus, Facilities and Student Life
- Stephen J.R. Smith School of Business Scholarships 2027
- Stephen J.R. Smith School of Business Rankings 2027
- Stephen J.R. Smith School of Business Placements and Career Outcomes 2027
- Stephen J.R. Smith School of Business vs Peer Business Schools
- Stephen J.R. Smith School of Business FAQs
Popular Courses and Smith School of Business Fees 2027 at Stephen J.R. Smith School of Business
Smith School of Business delivers postgraduate degrees on a one-year to two-year track and a four-year Bachelor of Commerce. Programme fees are quoted as total programme cost, paid in three or four term installments across the calendar. International rates apply to Indian passport holders across every level.
Top Postgraduate Programmes at Smith School of Business
MBA and specialist master’s fees sit in the CAD 59,000 to CAD 111,000 band for international students. Duration is uniform at 12 to 16 months for most programmes; per-term installments are set by the fees office each year.
| Program name | Total fee (CAD) | Total fee (INR lakh) | Entry requirement (Indian scale) |
|---|---|---|---|
| Master of Business Administration (Full-Time) | CAD 110,000 | 75.9 lakh | Bachelor’s with 75% or B+ average in final two years, plus GMAT or GRE |
| Master of Finance (MFin) | CAD 88,000 (estimated) | 60.7 lakh (estimated) | Bachelor’s with 70% or CGPA 7.0/10 (recommended); confirm on the official fee schedule |
| Master of International Business (Single Degree) | CAD 59,347 | 40.9 lakh | Bachelor’s with 70% or CGPA 7.0/10 (recommended) |
| Master of International Business (Double Degree, 16 months) | CAD 75,929 | 52.4 lakh | Bachelor’s with 70% or CGPA 7.0/10 (recommended) |
| Master of International Business (Double Degree, 24 months) | CAD 88,361 | 60.9 lakh | Bachelor’s with 70% or CGPA 7.0/10 (recommended) |
| Accelerated MBA for Business Graduates | CAD 83,643 | 57.7 lakh | Undergraduate business degree with 75%; work experience mandatory |
| Executive MBA National | CAD 111,405 | 76.8 lakh | Bachelor’s with strong marks, 8+ years of experience |
| Master of Management Analytics | CAD 70,000 (estimated) | 48.3 lakh (estimated) | Bachelor’s with 70% or CGPA 7.0/10 (recommended) |
| MSc in Management (Marketing) | Verify on the official fee schedule | Verify on the official fee schedule | Bachelor’s with 75% or CGPA 7.5/10 (recommended) |
| MSc in Management (Accounting) | Verify on the official fee schedule | Verify on the official fee schedule | Bachelor’s with 75% or CGPA 7.5/10 (recommended) |
Top Undergraduate Programme at Smith School of Business
The Bachelor of Commerce is Smith’s flagship undergraduate degree, delivered over four academic years on the Kingston campus.
| Program name | Total fee (CAD, 4 years) | Total fee (INR lakh) | Entry requirement (Indian scale) |
|---|---|---|---|
| Bachelor of Commerce (BCom) | CAD 252,427 | 174.2 lakh | Class 12 with 85% to 92% (recommended); English at Grade 12 level |
Insider note: Indian applicants gravitate to the Full-Time MBA and the MIB Double Degree, because both give access to Smith’s global corporate recruiter network and an internship track that eases the transition to a full Canadian work permit.
Read More: Smith School of Business Fees and Cost of Living Guide
Stephen J.R. Smith School of Business Admission 2027
The Full-Time MBA takes a single January cohort each year, while other master’s degrees and BCom follow the standard September intake. Indian applicants should plan to lodge documents six to eight weeks before their target term deadline.
| Milestone | Date | Notes for Indian Applicants |
|---|---|---|
| Full-Time MBA application (rolling) | Open; no fixed close date | As per Smith Admissions, seats and scholarships fill first-ready; apply by October 2026 for January 2027 |
| September 2027 intake application (MSc, MIB, MMA, BCom) | Expected October 2026, close by March 2027 (based on prior cycle) | Verify on Queen’s official page once opened |
| WES credential verification | Start 8 to 10 weeks before the target deadline | WES is mandatory for applicants outside North America |
| January 2027 Full-Time MBA start | January 2027 | Deposit of CAD 6,000 due on acceptance |
| September 2027 Master’s and BCom start | September 2027 | Orientation runs the week before classes begin |
Planning note: Smith’s Full-Time MBA is rolling; Indian applicants should target a complete submission by mid-October 2026 for the January 2027 cohort, because early rounds carry the largest scholarship pool and the WES report needs at least eight weeks to arrive.
Read More: Smith School of Business Admissions Guide for Indian Students
Stephen J.R. Smith School of Business Admission Requirements for Indian Applicants 2027
Indian applicants meet Smith’s requirements with a recognised bachelor’s degree, competitive test scores and a WES credential report; the MBA additionally requires professional experience.
Postgraduate (MBA and Master’s) Requirements
- Academic: Four-year bachelor’s with 75% or B+ average in final two years (approximate Indian equivalent CGPA 7.5/10)
- Test scores: GMAT or GRE for MBA (score valid five years); waiver possible for CFA Level I, CPA, PMP, P.Eng or Queen’s alumni with high distinction
- English: TOEFL iBT 100 overall with 24 in speaking and writing; or IELTS Academic 7.0 overall
- Work experience: Two or more years of full-time professional experience for the Full-Time MBA; strong younger candidates considered
Undergraduate (BCom) Requirements
- Academic: Class 12 with 85% to 92% (recommended), including English and Grade 12 Mathematics
- English: IELTS 6.5 (no band under 6.0) or TOEFL iBT 88 (recommended)
Key insight: A GMAT or GRE waiver is unusually generous at Smith. Indian professionals with CFA Level I, PMP or a CPA article are eligible to apply without a test score, which shortens the application timeline by two to three months.
Stephen J.R. Smith School of Business Acceptance Rate 2027
The Full-Time MBA acceptance rate at Smith School of Business sits at 42% (estimated) based on prior cohort intake data. Smith has never published an official admit rate, so the figure is derived from third-party class-profile disclosures and is not a definitive number.
Rolling admissions mean the rate is not uniform through the year; early rounds run at a higher admit ratio because the seat pool is fuller. Indian applicants competing in rounds two and three should target a stronger profile to offset the tighter later-cycle competition.
Reality check: Smith’s 42% headline hides how selective the scholarship track really is. The 70% of MBA students who receive merit awards effectively cross a much higher bar than the base admit rate, so target a GMAT above 650 if scholarships matter.
Read More: Smith School of Business Acceptance Rate
Smith School of Business Fees and Cost of Living for Indian Students 2027
Total annual cost for an Indian student on the Full-Time MBA runs CAD 126,000 to CAD 134,000 (INR 86.9 to 92.5 lakh), combining programme tuition of CAD 110,000 and Kingston living costs of CAD 16,000 to CAD 24,000.
Smith School of Business Tuition Fees for Indian Students 2027
International tuition is set by programme; the MBA is a single-price cohort, while master’s programmes vary by length and specialisation.
| Programme level | International Tuition (CAD) | International Tuition (INR lakh) |
|---|---|---|
| Bachelor of Commerce (per year) | CAD 63,107 | 43.5 lakh |
| Full-Time MBA (total) | CAD 110,000 | 75.9 lakh |
| Master’s programmes (total range) | CAD 59,347 to CAD 88,361 | 40.9 to 61.0 lakh |
| Executive MBA (total) | CAD 111,405 | 76.9 lakh |
Monthly Cost of Living in Kingston for Indian Students
Kingston runs roughly 40% cheaper than Toronto for accommodation, and the Queen’s registrar publishes an official annual budget that Indian families can plan against.
| Item | Monthly (CAD) | Monthly (INR lakh) |
|---|---|---|
| Rent and utilities | CAD 687 to 1,374 | 0.47 to 0.95 lakh |
| Food | CAD 310 | 0.21 lakh |
| Transport, cellphone and personal | CAD 331 | 0.23 lakh |
| Total monthly | CAD 1,328 to 2,015 | 0.92 to 1.39 lakh |
| Total annual | CAD 15,936 to 24,180 | 10.99 to 16.68 lakh |
Insider note: Off-campus student shares in Kingston start at CAD 650 per person a month if you sign for the September to April lease; premium one-bedroom units close to Goodes Hall touch CAD 1,425. UHIP health insurance adds roughly CAD 756 per year on top.
Stephen J.R. Smith School of Business Campus, Facilities and Student Life
The main campus sits inside Goodes Hall on the Queen’s University limestone campus in Kingston, with satellite facilities at SmithToronto (200 Front Street West) and a Dubai campus at DIFC.
- Location: Kingston is a mid-sized Ontario city, three hours by train from Toronto and two from Ottawa, with a compact walkable core near campus
- Facilities: Goodes Hall spans 188,000 sq ft, with trading room, executive coaching pods, team rooms and case-study classrooms
- Housing: Queen’s Residences prioritise first-year undergraduates; MBA and master’s students typically source off-campus rentals via the university housing office
- Indian community: A recognised Queen’s Indian Students Association runs Diwali, Holi and Republic Day events every academic year
- Student body: Smith enrols roughly 3,165 students across BCom, MBA, master’s and PhD tracks
What Indian students say: Kingston is small enough to build a tight cohort but far enough from Toronto that the pull to leave campus is limited. Indian students flag the winters as harsh from November through March and recommend investing in proper cold-weather gear before departure.
Stephen J.R. Smith School of Business Scholarships 2027
Smith School of Business awards over CAD 1.6 million in MBA scholarships every year, with roughly 70% of Full-Time MBA students receiving merit-based awards. Several named scholarships are open to international applicants, including Indian nationals.
| Scholarship | Type | Award value | Eligibility | Deadline |
|---|---|---|---|---|
| Dean’s MBA Admission Scholarship | Merit | CAD 10,000 to 70,000 (INR 6.9 to 48.3 lakh) | Automatic on application; based on academic and professional record | Applied at admission review |
| Stephen J.R. Smith MBA Scholarship | Merit | Value varies | Awarded on academic excellence, open to international applicants | Applied at admission review |
| Forté Foundation Fellowship | Women in leadership | CAD 10,000 to 40,000 (INR 6.9 to 27.6 lakh) | Women entering the Full-Time MBA | Verify at Smith Financial Aid page |
| Reaching Out MBA (ROMBA) Fellowship | Diversity | Minimum CAD 20,000 (INR 13.8 lakh) | Applicants demonstrating LGBTQ+ leadership | Verify at Smith Financial Aid page |
| Liana Tesan Memorial Scholarship | Merit | Value varies | Awarded on academic excellence, open to international applicants | Verify at Smith Financial Aid page |
[Source: Smith School of Business Scholarships]
Planning note: There is no separate scholarship application at Smith; every completed admission file is reviewed automatically. Because the pool tightens by round, Indian applicants should aim to submit a complete file in the first admission window to maximise scholarship odds.
Read More: Smith School of Business Scholarships Guide
Stephen J.R. Smith School of Business Rankings 2027
Smith School of Business is not ranked as a standalone entity in QS World or Times Higher Education, because those bodies rank Queen’s University as a whole; MBA-specific rankings (Financial Times, QS Global MBA, Bloomberg) rank Smith directly. Queen’s University climbed to #179 globally in QS 2027, its strongest showing in over a decade.
| Ranking Body | Latest Edition | Previous Edition | Two Editions Back |
|---|---|---|---|
| QS Global MBA (Smith) | 2026: #91 | 2025: Verify at QS official page | 2024: Verify at QS official page |
| FT Global MBA Career Services (Smith) | 2026: #1 Canada | 2025: #1 Canada | 2024: #1 Canada |
| Bloomberg BusinessWeek (Smith) | Latest: #4 Canada | Verify at Bloomberg official page | Verify at Bloomberg official page |
| QS World (Queen’s University parent) | 2027: #179 | 2026: #191 | 2025: #193 |
| Collegedunia Study Abroad | #1 Canada Business Schools | NA | NA |
[Source: QS, Financial Times, Bloomberg BusinessWeek, Collegedunia Study Abroad]
Key insight: Smith’s Financial Times #1 Canada Career Services position matters more than raw world rank for Indian applicants, because it directly signals recruiter access and salary uplift, which drive the return on a CAD 110,000 investment.
Read More: Smith School of Business Rankings Analysis
Stephen J.R. Smith School of Business Placements and Career Outcomes 2027
The Full-Time MBA Class of 2025 reported strong placement across consulting, financial services and technology, with Toronto absorbing the largest share of graduates.
- Offer acceptance within 6 months of graduation: 82% (Class of 2025)
- Average total compensation: CAD 113,490 (INR 78.3 lakh), base plus signing and guaranteed bonuses
- Top hiring sectors: Consulting, financial services, technology, healthcare, consumer goods, energy
- Top recruiters: Amazon, BCG, Deloitte, RBC, Procter & Gamble, Google, McKinsey & Company, Microsoft, IBM, Scotiabank, TD Bank, PwC
- Post-Study Work Permit: Up to a three-year Post-Graduation Work Permit for eligible master’s graduates
Insider note: Recruiting for Indian MBA graduates is strongest in Toronto’s financial services corridor and Big Four consulting; healthcare posted the highest sector base salary at CAD 137,373, followed by technology at CAD 129,750 in the Class of 2025.
Stephen J.R. Smith School of Business vs Peer Business Schools
Smith competes with a handful of Canadian MBA programmes for Indian candidates weighing a January-intake, one-year format and a strong career services record.
| Business School | QS Global MBA 2026 | Avg Annual PG Fee (CAD) | Avg Annual PG Fee (INR lakh) | One-line differentiator |
|---|---|---|---|---|
| Smith School of Business (Queen’s) | #91 | CAD 110,000 | 75.9 lakh | #1 Canada FT Career Services six years running |
| Rotman School of Management (Toronto) | #59 | CAD 143,700 (estimated) | 99.2 lakh (estimated) | Largest MBA cohort in Canada, Toronto placement pipeline |
| Ivey Business School (Western) | #71 | CAD 132,000 (estimated) | 91.1 lakh (estimated) | Case-method teaching, one-year Toronto-centric MBA |
| Desautels (McGill) | #79 | CAD 106,500 (estimated) | 73.5 lakh (estimated) | Montreal location, bilingual recruiting |
| Sauder School of Business (UBC) | #87 | CAD 100,500 (estimated) | 69.3 lakh (estimated) | Vancouver tech corridor access, 16-month MBA |
Smith stands out for a mid-market total fee and a Financial Times career-services record that no other Canadian school matches. For Indian candidates prioritising employability over city glamour, Smith’s Kingston base sits closer to major Toronto and Ottawa recruiters than the map first suggests.
Smith School of Business fits Indian candidates with two to five years of experience who want a January-start one-year MBA, a tight cohort of about 100 peers, and the strongest career services in Canada. Total investment sits near INR 91 lakh for tuition plus living, and the Class of 2025 average total compensation of INR 78.3 lakh underwrites a two-to-three year payback with a Post-Graduation Work Permit.
The school is a weaker fit for candidates who want a large-cohort brand-driven urban MBA or plan to stay in India on graduation. Rotman in Toronto is a stronger alternative for those set on a downtown corporate immersion and a longer 20-month runway.
Stephen J.R. Smith School of Business FAQs
Ques. Does Smith School of Business charge an MBA application fee?
Ans. No. Smith School of Business waives the Full-Time MBA application fee for all candidates, which removes a common friction point for Indian applicants. There is no fee for the online application, the referee submissions, or the video assessment. A non-refundable deposit of CAD 6,000 is due only after an offer is accepted, and that deposit is credited against the first tuition installment payable in January of the intake year.
Ques. Can Indian applicants get a GMAT or GRE waiver at Smith?
Ans. Yes. The Smith admissions committee waives the GMAT or GRE for candidates holding CFA Level I, a Canadian CPA, an Indian ICAI or ICWA charter, PMP certification, P.Eng or a Queen’s undergraduate degree earned with high distinction. Applicants without one of these credentials still need a valid GMAT or GRE from within the last five years, so plan to test at least three months before submission if none of the waiver conditions apply.
Ques. Are Smith MBA interviews conducted in person or online?
Ans. Smith runs shortlist interviews on Zoom for all international candidates, including Indian applicants. The interview lasts around 45 minutes with a member of the admissions team or an alumni interviewer and covers career goals, leadership examples and fit with the Smith Team-Based Learning model. A pre-recorded video assessment is also part of the application file and is submitted before the interview stage.
Ques. Which Indian banks partner with Smith School of Business for education loans?
Ans. Smith is recognised by all major Indian lenders including SBI, HDFC Credila, Axis Bank, ICICI Bank and Bank of Baroda for both secured and unsecured education loans. International lenders like Prodigy Finance and MPOWER Financing also underwrite Smith MBA loans without a co-signer for candidates who meet their credit criteria. Applicants should keep a signed offer letter and the CAD 6,000 deposit receipt ready when they open the loan file.
Ques. Can Smith MBA students work part-time in Canada during the programme?
Ans. Yes. Study permit holders enrolled full-time at Smith School of Business can work up to 24 hours per week off-campus during term time and full-time during scheduled academic breaks. On-campus work is unrestricted. The Full-Time MBA is a demanding calendar, so most students limit paid work to summer breaks, internships or graduate assistant roles at Smith rather than external part-time hours.
Ques. How does Smith handle WES credential evaluation for Indian degrees?
Ans. Smith requires all international candidates from outside North America to submit a World Education Services (WES) course-by-course credential evaluation of their bachelor’s degree. Indian applicants should request official mark sheets and consolidated transcripts from their university, upload them to the WES portal, and allow six to eight weeks for processing. The final WES report is sent directly to Smith and must be on file before an offer is confirmed.
Ques. Is IELTS or TOEFL waived for Indian applicants with English-medium degrees?
Ans. Sometimes. Smith School of Business considers an English proficiency waiver for candidates whose entire undergraduate degree was delivered in English at a recognised university where English is the medium of instruction. Indian applicants must submit a formal medium-of-instruction certificate from their university registrar. Waivers are decided case by case; candidates should upload the certificate at application and be prepared to sit IELTS or TOEFL if the waiver is not approved.
Ques. Can spouses of Smith MBA students work in Canada during the programme?
Ans. Yes. Spouses of Smith Full-Time MBA students holding a valid study permit are eligible for an open work permit from Immigration, Refugees and Citizenship Canada, which allows them to accept any employer without a job offer at the time of application. Children under 18 receive a visitor record and can attend Canadian public school without extra tuition. Financial proof of about CAD 4,000 per dependant per year is required at the visa stage.
Stephen J.R. Smith School of Business Program Fees & Deadlines
| Program | Important Dates | Fees | Application Fees | Eligibility | Financial Aid |
|---|---|---|---|---|---|
BCom 4 years | Application Deadline for Fall 2027 Intake (1st Feb 2027) | INR 42.2 L/Yr CAD 60,840 /Yr | 150 | Grade: 75%, TOEFL: 4.5, IELTS: 6.5, PTE: 60, Duolingo: 120 | |
LLM 1 year | Application Deadline for Fall 2027 Intake (15th Jan 2027) | INR 9 L/Yr CAD 12,927 /Yr | 120 | Grade: 70%, TOEFL: 4.5, IELTS: 7.0 | - |
MCS 1 year | Application Deadline for Fall 2027 Intake (15th Jan 2027) | INR 9 L/Yr CAD 12,927 /Yr | 120 | Grade: 77%, TOEFL: 4.5, IELTS: 7.0 | - |
Application Deadline for Fall 2027 Intake (1st Mar 2027) | INR 20.8 L/Yr CAD 29,963 /Yr | 120 | Grade: 70%, TOEFL: 4.5, IELTS: 7.0 | - | |
EMBA 18 months | Round 1 Application Deadline for Fall 2027 Intake (1st Dec 2026) Round 1 Application Deadline for Fall 2027 Intake (1st Jun 2027) | INR 51.5 L/Yr CAD 74,182 /Yr | - | Grade: 70%, TOEFL: 4.5, IELTS: 7.0 | - |
MEd 2 years | Application Deadline for Fall 2027 Intake (15th Jan 2027) | INR 9 L/Yr CAD 12,927 /Yr | 120 | Grade: 70%, TOEFL: 4.5, IELTS: 7.0 | - |
Application Start Date for Fall 2027 Intake (1st Sep 2026) | INR 9 L/Yr CAD 12,927 /Yr | - | Grade: 77%, TOEFL: 5.0, IELTS: 7.0 | - | |
MA Economics 2 years | Application Deadline for Fall 2027 Intake (1st Feb 2027) | INR 9 L/Yr CAD 12,927 /Yr | 120 | Grade: 65%, TOEFL: 4.5, IELTS: 7.0 | - |
BEd Concurrent 5 years | Application Deadline for Fall 2027 Intake (1st Dec 2026) | INR 35.8 L/Yr CAD 51,532 /Yr | 150 | Grade: 75%, TOEFL: 4.5, IELTS: 6.5, PTE: 60, Duolingo: 120 | |
Application Start Date for Fall 2027 Intake (1st Sep 2026) | INR 9 L/Yr CAD 12,927 /Yr | - | Grade: 77%, TOEFL: 5.0, IELTS: 7.0 |
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Important Alerts
| Events | Dates |
|---|---|
| Management Marketing Application Start Date for Fall 2027 Intake | Upcoming - 3 days left |
| Management Information Systems Application Start Date for Fall 2027 Intake | Upcoming - 3 days left |
| Management - Accounting Application Start Date for Fall 2027 Intake | Upcoming - 3 days left |
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Stephen J.R. Smith School of Business Scholarships
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| University of Montreal Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| VueVille Future Technology Scholarship | Scholarship per student₹ 95,740/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student₹ 3.4 L/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 19.1 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based |
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Attendance Cost
The table shows average yearly cost of attendance for international students. Amount may vary with the course opted, nature of accommodation, and personal spending habits of a candidate.Check Program wise Fees




















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