Low Cost MBA in Canada

Management degree programs are well-known among students and working professionals as one of the most common courses. Furthermore, with so many specializations available, a growing number of candidates are preparing to seek an MBA abroad in order to gain international exposure to the business world. Canada, which is known for its internationally acclaimed business schools, offers a wide range of competitive MBA programs as well as low living costs. If you are planning to pursue this degree from an academic institution in the country, here is a blog that details the varied aspects of low-cost MBA in Canada as well as different universities and schools offering this popular program.

Why Study MBA in Canada?

There are a lot of reasons to pursue MBA in Canada. Some of them are mentioned below:-

• Affordability:- MBA in Canada is much more economical when compared to other nations like UK, US, etc.The tuition fees is much lower at Canadian universities.
• Quality Education:- The quality of education is one of the highest offered at Canadian universities offering challenging academic preparation, real-world business experience, and chance for experiential learning.
• Strong Economy and Job Opportunities:- There are many growing sectors in Canada that include technology, healthcare, finance, and natural resources. And because of the robust and stable economy of Canada, there are many work options and advancements.
• Internship and Co-op Programs:- There are co-op opportunities available in Canada that enables students to get useful work experience while still studying in school. This can help them in improving their practical experience hence increasing their marketability for jobs.
• Networking and Alumni Connections:- In Canada, there are present many alumni networks and connections that are connected to the business world hence making making future opportunities available.
• Multicultural Environment:- Canad is known for its cosmopolitan population making it possible to interact with the students of various backgrounds. Cultural exposures can be extended through such exposures. improving communication skills.
• Post-Study Work Opportunities:- With the help of PGWP Canada, students after receiving their MBA, can work in Canada. This will provide them with a chance to put their abilities and skills that they developed during their studies to use.
• International Recognition:- The degree gained from the Canadian universities are internationally recognised and respected hence increasing your credibility and chances of career advancements globally.
• High Standard of Living:- Canada has safe and welcoming environments that add to the personal as well as professional growth. Also, it is known for its high standards of safety, living, and quality healthcare.
• Research Opportunities:- There are a lot of research projects that are available in Canada that students can work on. Canadian universities are famous for their contributions in various research sectors. students can even collaborate with professors on innovative research projects.

Types of Low-Cost MBA in Canada

The costs of MBA in Canada may vary with respect to the duration, nature, structure and popularity of your chosen course. Further, the location and the language of instruction, since a few states are French-speaking, also impact the fees implemented. Amongst the list of courses for low cost MBA in Canada, here are the different degrees you can pursue:

• Full Time
• Part-Time MBA
• Accelerated MBA
• Executive MBA
• Professional MBA
• Dual Degree MBA

Also Read: Management Courses in Canada

Low-Cost MBA in Canada for International Students

Here are the top Low-cost MBA colleges in Canada 2023:

University	Location in Canada	QS World University Rankings 2024	Program Fees
Memorial University of Newfoundland	St. John’s	641-650	CAD 9,700 (5,22,600 INR approx.)
University of Northern British Columbia	Prince George	781-790	CAD 3,604 (1,90,000 INR approx.)
University of Manitoba	Winnipeg	671-680	CAD 27,919 (16,14,000 INR approx.)
University of Saskatchewan	Saskatoon	345	CAD 4,992 (2,63,000 INR approx.)
Saint Mary’s University	Halifax	–	CAD 28,655 (15,07,200 INR approx.)
University of Ottawa	Ottawa	203	CAD18,699 (9,84,00 INR approx.)
University of Waterloo	Waterloo	112	CAD18,774 (9,87,000 INR approx.)
John Molson School of Business, Concordia University	Montreal	387	CAD37,500 (INR 20,27,120 approx.)**all-inclusive
HEC Montreal	Montreal	141	CAD 45,000 (24,32,600 INR approx.)
Sprott School of Business, Carleton University	Ottawa	671-680	CAD 55,000 (29,73,100 INR approx.)
Ted Rogers School of Management, Ryerson University	Toronto	–	CAD 35,818 (19,36,190 INR approx.)
University of New Brunswick	Fredericton	–	Year 1: CAD 12,410(6,70,900 INR approx.)Year 2: CAD 9,930(5,36,700 INR approx.)
University of Prince Edward Island	Charlottetown	–	CAD 30,000 (16,21,780 INR approx.)
Wilfrid Laurier University	Waterloo	–	CAD 36,240 (19,59,200 INR approx.)
Universite Laval	Quebec City	441	CAD 14,774 (8,91,431 INR approx.)
University of Alberta	Edmonton	111	CAD 28,281 (17,06,415 INR approx.)
Simon Fraser University, Burnaby	Burnaby	318	CA$34,060 (20,55,108 INR approx.)(For Executive MBA)
University of Victoria (UVIC)	Victoria	236	CAD 12,738 (7,68,583 INR approx.)
University de Sherbrooke	Sherbrooke	–	CAD 13,065 (7,88,314 INR approx.)
Vancouver Island University	Nanaimo	–	CAD 25,600 (15,44,649 INR approx.)

Cheapest MBA in Canada for Indian Students

The universities offering low-cost MBA in Canada are spread out throughout the length and breadth of the country. Given below is a table that has elaborate few popular courses and universities that have managed to gain popularity in the past few decades for their career-focused courses as well as experienced faculty. Here are the most affordable MBA programs in Canada 2023: 

University	Low-Cost MBA in Canada
Memorial University of Newfoundland	International Student Full-time MBA
University of Northern British Columbia	MSc in Business Administration (2 Years)
University of Manitoba	Asper MBA (2 years)
University of Saskatchewan	MSc in Finance (2 Years)
Saint Mary’s University	MBA (12 Months)
University of Ottawa	MBA (1-1.5 Years)
University of Waterloo	Master of Management Science (MMSc) (1 Year)
John Molson School of Business, Concordia University	Executive MBA (36 months)
HEC Montreal	Part-time MBA (French) 24 months
Carleton University: Sprott School of Business	Professional MBA (16 months)
Ted Rogers School of Management, Ryerson University	MBA (Management of Technology & Innovation)
University of New Brunswick	Full-Time MBA
University of Prince Edward Island	MBA in Global Leadership (full time 12 months)
Wilfrid Laurier University	MBA-Master of Public Policy

Low-Cost MBA in Canada (Online)

Here are the top affordable online MBA in Canada 2023:

University	Online MBA in Canada	Fees
University Canada West	Online MBA – 2 years	CAD 35,100[20,29,000 INR approx.]
University of Alberta	Part-time MBA & Executive MBA	CAD 31,600-CAD 73,700[18,27,000 INR-42,61,000 INR]
Queen’s University	Executive MBA	CAD 106,000[61,29,000 INR]
Dalhousie University	Online Blended MBA	CAD 47,600[27,52,000 INR]
McMaster University	Online Blended MBA	CAD 19,164[11,08,000 INR]

Note: Many of the above are offered as a 1 Year MBA in Canada and include a period of internship and training. In addition to that, you can also choose to pursue a MIM in Canada.

MBA Tuition Fees in Canada for International Students

In particular, the economic cost of studying in Canada is a major factor that attracts foreign students. Moreover, the country houses some of the best educational institutions in the world, for instance, the Rotman School of Management, and the University of Toronto, amongst others. The duration of an MBA in Canada can usually range from 1 year – 20 months or 2 years. Further, the cost of an MBA in Canada will mainly depend upon the program as well as the university. There are numerous universities which offer low-cost MBA in Canada, almost with a fraction of tuition fees, as that of the leading institutions. For a low-cost MBA, you can expect to pay roughly 33,200 CAD to 101,500 CAD (17,45,500-53,37,000 INR approx.) for tuition fees. Moreover, Canada also offers numerous part-time programs that allow students to find work opportunities in the country while studying.

Eligibility for Low-Cost MBA in Canada

Now, let’s understand the criteria of eligibility for MBA in Canada. Due to the multifarious MBA programs on offer, the eligibility conditions vary more than slightly in terms of experience required and prior qualifications amongst other prerequisites. However, these conditions are still lesser when compared to the top brass institutions and often have further relaxations in the shape of pre-master courses and preparatory classes etc. Take a look at some of the basic eligibility criteria you must know about while exploring low cost MBA in Canada:

• A bachelor’s degree or it’s equivalent in any related specialisation or subject of your chosen MBA in Canada
• Relevant work experience in your field of study (preferable)
• Good GMAT scores, usually above-average and high scores get successfully shortlisted.
• Language proficiency scores of TOEFL, IELTS or PTE.

Note: These eligibility prerequisites are only for indicative purposes and actual requirements might differ as per the course offerings and university.

You can pursue MBA in Canada without submitting GMAT scores by applying for universities and colleges that do not require GMAT. Check out these MBA colleges with our exclusive guide on MBA in Canada without GMAT!

Also Read: MBA in Canada without Work Experience

FAQs

Needless to say, to gain entry into universities abroad offering such sought-after programs is a daunting task and a bit of experienced guidance goes a long way. The experts at Leverage Edu are well-equipped to assist you throughout this process so that you can build a rewarding career in your chosen field of interest. Call us immediately at 1800 57 2000 for a free 30-minute counselling session.