This is what I found on one of the forums:"This is what I had replied to a similar post a few months back-
As somebody, who has been in this country for over a decade in the professional/management sphere and who regularly recruits and hires MBAs, I am giving you my unbiased opinion. Doing a MBA from a Business School is not a golden ticket to a successful career in Canada. Your past experience, education and the specific industry will be the major determinants of what kind of career you will have post MBA qualification.
Last year, I was interviewing candidates for a junior level position which paid around 50-60K and had 4 Richard Ivey Graduates applying. Now, Richard Ivey is ranked as the top B-Scool in Canada and it costs close to $80 K in tuition. All of them were white,Canadian born and educated with 5-6 years of solid work experience. One person had three degrees - B.Pharm from U of T, CFA and MBA Finance from Ivey.
In one of my previous companies, a really smart desi guy who had done his BE from India (IIT-K) and came to do MBA from Richard Ivey was lamenting that his first job post MBA was a 35K entry level position, because he did not have the relevant "Canadian" experience. The most this person was able to progress to was a 60K job (compared to the 100K plus jobs that you keep on hearing in the media) and ultimately got married to someone from the US and left Canada.
It would be extremely "brave" of you to invest $75,000 upfront on an education where there is no guarantee of getting a ROI for several years.
Not to discourage you, but this is the level of competition you will face in the market today and the ground reality of the job environment. The biggest obstacle is this whole "Canadian" experience, that cannot be mitigated easily with a top MBA. Think about it from the employers perspective- you have a "nice", white Canadian educated person who has atleast 3-5 years experience in the Canadian job environment and can furnish local references versus a new immigrant with a foreign accent, who has no Canadian experience with a MBA(albeit a top one). Why should he or she choose the unknown?
In terms of the effect of recession, you will be surprised to know that enrollment in B-schools is actually up during recession as people who have been laid off with a severance decide to do a MBA to further their prospects. So you have a large MBA cohort, who will be looking out for employment at the same time.
Another point to be noted is that your prospects in the U.S will be brighter as Americans are not as hung up on the source of your degree and local experience as Canadians. Also, given that the U.S is the world's largest economy, it is easier for them to absorb potential employees. It is ironical that a Canadian MBA would have better prospects in the U.S, than a U.S MBA holder in Canada."