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Cost Of MBA In Canada Guide For International Students (2024)

Cost of mba in canada

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/InstituteBusiness SchoolTuition Fee (CAD)Duration of Programme
University of TorontoRotman School of Management$66,210 (for year 1)2 years
McGill UniversityDesautels Faculty of Management$99,5001 year to 20 months
Queen’s UniversitySmith School of Business$104,1001 year
University of Western OntarioIvey Business School$88,1251 year
York UniversitySchulich School of Business$112,25016-20 months
University of British ColumbiaSauder School of Business$51,41516 months
Concordia UniversityJohn Molson School of Business$47,90016-24 months
Dalhousie UniversityRowe School of Business82,20523 months or longer
McMaster UniversityDeGroote School of Business86,000-92,00020-28 months
Brock UniversityGoodman School of Business34,175 (per year for 10 courses)2 years
University of Simon FraserThe Beedie School for Business962.40 per unit16 months
University of OttawaTelfer School of Management64,000-68,0002-year
Saint Mary’s UniversitySobey School of Business43,00016 months
University of VictoriaGustavson School of Business39,331.402 years
University of CalgaryHaskayne School of Business25,042.80 (for year 1)2 years
Saskatchewan UniversityEdwards School of Business54,853.862 years
University of ManitobaAsper School of Business765.26 per credit hour2 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

  1. Costs and ROI
  2. Specialized MBA, general MBA, or a combined focus
  3. Curriculum and course offerings
  4. Quality of instruction and professors
  5. Reputation and prestige of the business school
  6. Opportunities for co-op education or internships
  7. Online or distance learning options
  8. Full-time vs part-time program structure
  9. Global perspective and international opportunities
  10. Recruitment and career services
  11. National and global rankings
  12. Accreditation status, especially internationally
  13. Quality and diversity of your potential peer group
  14. Overall student population size
  15. Competitiveness of admission
  16. 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/ CollegeFees 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 NameAmountEligibility
Ontario Graduate Scholarship (OGS) ProgramCAD $5,000 – $15,000 per sessionInternational students pursuing a graduate degree, including MBA, at a Canadian university in the Ontario region
IGSES International Student Scholarship – University of ManitobaCAD $6,000 annuallyInternational 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 WestCAD $5,000Domestic 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 WestTuition fee discounts worth up to CAD $10,000Continuing students enrolled in the MBA program at the University Canada West, with a GPA of 3.0 or higher
AIMCo MBA Award – Alberta MBA scholarshipsCAD $10,000Full-time MBA students specializing in finance, with high academic achievements
Claude Winspear MBA Award – Alberta MBA scholarshipsCAD $10,000Students with leadership skills and academic credentials, enrolled in a full-time MBA program with a focus on finance
Michael Lang MBA Award – Alberta MBA scholarshipsCAD $10,000Full-time candidates with leadership skills and academic credentials
Ivey MBA scholarships – Ivey Business SchoolAmounts ranging from CAD $10,000 to half tuitionInternational 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 BusinessVariesInternational 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 2024Only tuition feesUK 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. 

  1. Indian students must keep a valid passport to apply for a visa.
  2. An acceptance letter from a Canadian college is another requirement that an Indian student must fulfill.
  3. 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.
  4. Photographs matching the passport size standard are also required
  5. An Immigration Medical Examination (IME), a medical checkup, is also essential to qualify for a Canadian visa. 
  6. Before processing for a visa, get an English language proficiency score. Indian students can obtain this score by applying for TOEFL, IELTS, etc., tests.
  7. TOEFL, SAT, GRE, or GMAT-like tests are also vital to crack for studying in Canada.
  8. 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:

ParticularsCost (Monthly)
Off-Campus Accommodation CA$ 550
On-Campus AccommodationCA$ 1,611
TransportationCA$ 100
Food CostCA$ 720
Utility CostCA$ 180
EntertainmentCA$ 60
GroceriesCA$ 64
ClothesCA$ 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 Living21,684

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


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.

1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”

  1. 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

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Cost of mba in canada

Cost Of MBA In Canada Guide For International Students (2024)

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