Canada is a top destination for international students who want to pursue an MBA. Many students choose this destination for its feasibility. It is more affordable compared to the USA, which costs around $45000 and the UK that costs around $44,000 for an MBA. Therefore, Canada is a budget-friendly option for you to do an MBA. The cost of studying for an MBA in Canada as well is comparatively low. Prepare yourself well for the expenses you incur while studying abroad in Canada with the help of the following read!
MBA Programmes In Canada For Global Students
It is important to choose the best programme that helps you meet your target career choices under your budget. The table below provides an overview of the average tuition fee for MBA courses in Canadian colleges. The table covers the entire fee structure for an MBA in Canada.
| University/Institute | Business School | Tuition Fee (CAD) | Duration of Programme |
| University of Toronto | Rotman School of Management | $66,210 (for year 1) | 2 years |
| McGill University | Desautels Faculty of Management | $99,500 | 1 year to 20 months |
| Queen’s University | Smith School of Business | $104,100 | 1 year |
| University of Western Ontario | Ivey Business School | $88,125 | 1 year |
| York University | Schulich School of Business | $112,250 | 16-20 months |
| University of British Columbia | Sauder School of Business | $51,415 | 16 months |
| Concordia University | John Molson School of Business | $47,900 | 16-24 months |
| Dalhousie University | Rowe School of Business | 82,205 | 23 months or longer |
| McMaster University | DeGroote School of Business | 86,000-92,000 | 20-28 months |
| Brock University | Goodman School of Business | 34,175 (per year for 10 courses) | 2 years |
| University of Simon Fraser | The Beedie School for Business | 962.40 per unit | 16 months |
| University of Ottawa | Telfer School of Management | 64,000-68,000 | 2-year |
| Saint Mary’s University | Sobey School of Business | 43,000 | 16 months |
| University of Victoria | Gustavson School of Business | 39,331.40 | 2 years |
| University of Calgary | Haskayne School of Business | 25,042.80 (for year 1) | 2 years |
| Saskatchewan University | Edwards School of Business | 54,853.86 | 2 years |
| University of Manitoba | Asper School of Business | 765.26 per credit hour | 2 years |
How To Choose The Right University For Your MBA Degree?
Once you’ve locked in earning that MBA as a key goal, the next major step is nailing down the right programme and school fit for you. And make no mistake, this search is going to be an involved, time-consuming process – but putting in the work upfront will pay off big time in ensuring you end up with the perfect degree match.
Everyone’s priorities will be a little different, but here’s a master list of 16 crucial factors to consider when choosing an MBA programme:
Criteria for Choosing an MBA School and Programme
- Costs and ROI
- Specialized MBA, general MBA, or a combined focus
- Curriculum and course offerings
- Quality of instruction and professors
- Reputation and prestige of the business school
- Opportunities for co-op education or internships
- Online or distance learning options
- Full-time vs part-time program structure
- Global perspective and international opportunities
- Recruitment and career services
- National and global rankings
- Accreditation status, especially internationally
- Quality and diversity of your potential peer group
- Overall student population size
- Competitiveness of admission
- Language options if pursuing a bilingual MBA
Canada University MBA Fees For Indian Students
Free structure tends to vary from college to college and also depends on the nature of the programme. A breakdown of the fee structure for Indian students in Canada is here:
List Of Institutes That Offer Affordable MBA In Canada
The affordability of studying in Canada can be determined by the fact that this country is entirely reasonable to live in compared to the USA, UK, and Australia. Mainly due to low rent prices in non-suburban areas, affordable utility and other costs. The table below provides a list of universities that offer an affordable MBA in Canada for international students.
| Affordable MBA University List In Canada | |
| University/ College | Fees for MBA Degree |
| Memorial University of Newfoundland | $9,666 |
| Wilfrid Laurier University | $16,994.12 |
| University of Alberta | $28,281 |
| Vancouver Island University | $720.00 per credit |
Scholarships For International Students In Canada
Scholarships to study in Canada are available on a merit basis in most colleges and universities. The table below offers you a piece of information about the scholarship you can apply for:
| Scholarship Name | Amount | Eligibility |
| Ontario Graduate Scholarship (OGS) Program | CAD $5,000 – $15,000 per session | International students pursuing a graduate degree, including MBA, at a Canadian university in the Ontario region |
| IGSES International Student Scholarship – University of Manitoba | CAD $6,000 annually | International students with a GPA of 3.5 or higher, applying for a full-time MBA program at the University of Manitoba |
| MBA Foundation Study Grant – University Canada West | CAD $5,000 | Domestic and international students who demonstrate academic excellence and financial need, applying for a full-time MBA program at the University Canada West |
| MBA Excellence Scholarship for Continuing Students – University Canada West | Tuition fee discounts worth up to CAD $10,000 | Continuing students enrolled in the MBA program at the University Canada West, with a GPA of 3.0 or higher |
| AIMCo MBA Award – Alberta MBA scholarships | CAD $10,000 | Full-time MBA students specializing in finance, with high academic achievements |
| Claude Winspear MBA Award – Alberta MBA scholarships | CAD $10,000 | Students with leadership skills and academic credentials, enrolled in a full-time MBA program with a focus on finance |
| Michael Lang MBA Award – Alberta MBA scholarships | CAD $10,000 | Full-time candidates with leadership skills and academic credentials |
| Ivey MBA scholarships – Ivey Business School | Amounts ranging from CAD $10,000 to half tuition | International students with leadership skills, academic excellence, and strong GMAT scores, applying for a full-time MBA program at the Ivey Business School |
| Haskayne MBA Entrance Scholarships – Haskayne School of Business | Varies | International daytime visa students, with a strong academic record and leadership potential, applying for a full-time MBA program at the Haskayne School of Business |
| Sainsbury Management Fellowships 2024 | Only tuition fees | UK nationals, pursuing an MBA or other business-related master’s degree at an eligible business school in North America or Europe |
Conditions To Fulfil Under Visa Requirements For Canada From India
Some requirements are there to get a visa for Canada. Students flying from India to Canada for studies must fulfil the below requirements for getting a student visa.
- Indian students must keep a valid passport to apply for a visa.
- An acceptance letter from a Canadian college is another requirement that an Indian student must fulfill.
- Students need to provide proof of funds, such as bank statements, to sustain the living expenses associated with travelling and living in Canada, for trouble-free living in Canada.
- Photographs matching the passport size standard are also required
- An Immigration Medical Examination (IME), a medical checkup, is also essential to qualify for a Canadian visa.
- Before processing for a visa, get an English language proficiency score. Indian students can obtain this score by applying for TOEFL, IELTS, etc., tests.
- TOEFL, SAT, GRE, or GMAT-like tests are also vital to crack for studying in Canada.
- Knowledge about SOP samples for Canada to generate an appealing Statement of Purpose.
Cost Of Living In Canada
Living expenditure or the cost of living in Canada is estimated by reviewing various aspects of living. $1,807 to $ 2,868 per month is the average cost of living considering all the factors contributing to the total living cost. Here’s the breakdown:
| Particulars | Cost (Monthly) |
| Off-Campus Accommodation | CA$ 550 |
| On-Campus Accommodation | CA$ 1,611 |
| Transportation | CA$ 100 |
| Food Cost | CA$ 720 |
| Utility Cost | CA$ 180 |
| Entertainment | CA$ 60 |
| Groceries | CA$ 64 |
| Clothes | CA$ 133 |
| Total Cost of Living with Off-Campus Accommodation | CA$ 1,807 |
| Total Cost of Living with On-Campus Accommodation | CA$ 2,868 |
| Annual Cost of Living | 21,684 |
Why Should You Choose Canada For Studying MBA?
Canada is the right place for you to study for an MBA for several reasons. The country has high-standard colleges with state-of-the-art infrastructure. Besides, Canadian colleges are ranked at the top of all academic rankings. Apart from this, the reasons below suggest that you should choose an MBA from Canada.
- Living expenses in this country should be the first reason for international students to choose Canada as their study destination. Students can afford to live comfortably while studying for an MBA in Canada.
- With affordability and higher educational standards, the country welcomes around half a million global students annually.
- Canada also offers a safe environment for international students coming from different races, regions, beliefs and backgrounds.
- The country provides you with ample employment opportunities in different sectors.
- You can earn around CAD 79,076 annually, by working in any sector in Canada.
- Additionally, you will find an easy visa process and immigration policy for international students.
- An entry-level job for an MBA in this country can fetch you around CAD 34,170 annually and go up to CAD 120,793
FAQs
How much budget do I need for MBA in Canada?
International or Indian students must consider INR 17.5L to INR 85.6L as the optimal budget for studying an MBA course in Canada.
Is It Affordable To Do An MBA From Canada?
Yes, compared to the USA, UK, and Australia, Canada offers an affordable option to study an MBA. It even costs less than other global countries.
What is the cost of MBA in Canada for Indian Students?
The cost of living for Indian students in Canada is around $1,807 to $2,868 per month, making Canada an affordable place to study compared to other foreign destinations.
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I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further