Low Cost MBA in Canada

8 minute read
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:

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:

UniversityLocation in Canada QS World University Rankings 2024Program Fees
Memorial University of Newfoundland St. John’s641-650CAD 9,700 (5,22,600 INR approx.)
University of Northern British ColumbiaPrince George781-790CAD 3,604 (1,90,000 INR approx.)
University of ManitobaWinnipeg671-680CAD 27,919 (16,14,000 INR approx.)
University of SaskatchewanSaskatoon345CAD 4,992 (2,63,000 INR approx.)
Saint Mary’s UniversityHalifaxCAD 28,655 (15,07,200 INR approx.)
University of OttawaOttawa203CAD18,699 (9,84,00 INR approx.)
University of WaterlooWaterloo112CAD18,774 (9,87,000 INR approx.)
John Molson School of Business, Concordia UniversityMontreal387CAD37,500 (INR 20,27,120 approx.)**all-inclusive
HEC MontrealMontreal141CAD 45,000 (24,32,600 INR approx.)
Sprott School of Business, Carleton UniversityOttawa671-680CAD 55,000 (29,73,100 INR approx.)
Ted Rogers School of Management, Ryerson UniversityTorontoCAD 35,818 (19,36,190 INR approx.)
University of New BrunswickFrederictonYear 1: CAD 12,410(6,70,900 INR approx.)Year 2: CAD 9,930(5,36,700 INR approx.)
University of Prince Edward IslandCharlottetownCAD 30,000 (16,21,780 INR approx.)
Wilfrid Laurier UniversityWaterlooCAD 36,240 (19,59,200 INR approx.)
Universite LavalQuebec City441CAD 14,774 (8,91,431 INR approx.)
University of AlbertaEdmonton111CAD 28,281 (17,06,415 INR approx.)
Simon Fraser University, BurnabyBurnaby318CA$34,060 (20,55,108 INR approx.)(For Executive MBA)
University of Victoria (UVIC)Victoria236CAD 12,738 (7,68,583 INR approx.)
University de SherbrookeSherbrookeCAD 13,065 (7,88,314 INR approx.)
Vancouver Island UniversityNanaimoCAD 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: 

UniversityLow-Cost MBA in Canada
Memorial University of
International Student
Full-time MBA
University of Northern
British Columbia
MSc in Business
(2 Years)
University of ManitobaAsper MBA (2 years)
University of SaskatchewanMSc in Finance (2 Years)
Saint Mary’s UniversityMBA (12 Months)
University of OttawaMBA (1-1.5 Years)
University of WaterlooMaster of Management
(MMSc) (1 Year)
John Molson School
of Business,
Concordia University
Executive MBA
(36 months)
HEC MontrealPart-time MBA (French)
24 months
Carleton University: Sprott
School of Business
Professional MBA
(16 months)
Ted Rogers School of
Ryerson University
MBA (Management of
Technology & Innovation)
University of New BrunswickFull-Time MBA
University of Prince Edward IslandMBA in Global Leadership
(full time 12 months)
Wilfrid Laurier UniversityMBA-Master of
Public Policy

Low-Cost MBA in Canada (Online)

Here are the top affordable online MBA in Canada 2023:

UniversityOnline MBA in CanadaFees
University Canada WestOnline MBA – 2 yearsCAD 35,100[20,29,000 INR approx.]
University of AlbertaPart-time MBA & Executive MBACAD 31,600-CAD 73,700[18,27,000 INR-42,61,000 INR]
Queen’s UniversityExecutive MBACAD 106,000[61,29,000 INR]
Dalhousie UniversityOnline Blended MBACAD 47,600[27,52,000 INR]
McMaster UniversityOnline Blended MBACAD 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


How much does MBA cost in Canada?

The cost of an MBA in Canada can vary as per the course and university you have chosen. MBA courses can range somewhere between 34,000 CAD up to 120,680 CAD (as per the MBA fees of Canada’s top Business school Rotman School of Management’s MBA course. Further, there is a wide range of business schools and universities in Canada which offer low cost MBA to international students and some of these include, the Memorial University of Newfoundland, University of Northern British Columbia, University of Waterloo, University of Ottawa, etc.

Is MBA free in Canada?

No, MBA courses are not tuition-free in Canada but there are copious affordable MBA courses offered by many Canadian University like Laval University, Concordia University, University of Calgary, Ryerson University, University of Waterloo, etc which you can opt for.

Is it easy to get job in Canada after MBA?

Completing higher education in Canada, international students can explore a plethora of job opportunities in different sectors and you can also apply for work permit through a hassle-free process and can further apply for permanent residency in Canada. Also, while pursuing MBA, you can opt for part-time work opportunities and further seek full-time employment after completing your course.

How can I study MBA for free in Canada?

Here are some listed top MBA scholarships in Canada which can help you financially to study in Canada:
Ontario Graduate Scholarship (OGS) Program.
Rotman School of Management Scholarships.
Sauder School of Business Entrance Scholarship.
Alberta MBA Scholarships.
Ivey MBA Scholarships.
Haskayne School of Business MBA Entrance Scholarships.

Which country is cheapest for MBA?

10 of the Most Cost-Effective, Study Abroad Locations are as follows:
South Africa 

How much will an MBA increase my salary?

According to the GMAC report, the following are the predicted wage increases after receiving an MBA in several major industries: 59 percent growth in products/services. Increase of 45 percent in the non-profit and government sectors. A rise of 35% in technology.

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.

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  1. Actually it’s very costly for a 2 years of MBA program in Canada.But i want to do MBA in Canada only, So how can i do this. Please help!

    1. Hey Jagruti!

      MBA in Canada can be expensive but there are various options like scholarships, grants and education loans that you can opt for. You can also take up part-time jobs while studying in the country or save up before starting your study abroad journey. Connect with our experts at 1800572000 and get the best advice on scholarships, grants and loans!

  1. Actually it’s very costly for a 2 years of MBA program in Canada.But i want to do MBA in Canada only, So how can i do this. Please help!

    1. Hey Jagruti!

      MBA in Canada can be expensive but there are various options like scholarships, grants and education loans that you can opt for. You can also take up part-time jobs while studying in the country or save up before starting your study abroad journey. Connect with our experts at 1800572000 and get the best advice on scholarships, grants and loans!