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.
This Blog Includes:
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
Low Cost MBA in Canada 2021
Here are the top Low cost MBA colleges in Canada 2021:
|University||Location in Canada||QS World University Rankings: 2021||Program Fees 2021|
|Memorial University of Newfoundland||St. John’s||701-750||CA$9,700 (5,22,600 INR approx.)|
|University of Northern British Columbia||Prince George||–||CA$3,604 (1,90,000 INR approx.)|
|University of Manitoba||Winnipeg||601-650||CA$27,919 (16,14,000 INR approx.)|
|University of Saskatchewan||Saskatoon||465||CA$4,992 (2,63,000 INR approx.)|
|Saint Mary’s University||Halifax||–||CA$28,655 (15,07,200 INR approx.)|
|University of Ottawa||Ottawa||279||CA$18,699 (9,84,00 INR approx.)|
|University of Waterloo||Waterloo||166||CA$18,774 (9,87,000 INR approx.)|
|John Molson School of Business, Concordia University||Montreal||477||CA$37,500 (INR 20,27,120 approx.)**all-inclusive|
|HEC Montreal||Montreal||–||CA$45,000 (24,32,600 INR approx.)|
|Sprott School of Business, Carleton University||Ottawa||601-650||CA$55,000 (29,73,100 INR approx.)|
|Ted Rogers School of Management, Ryerson University||Toronto||801-1000||CA$35,818 (19,36,190 INR approx.)|
|University of New Brunswick||Fredericton||–||Year 1: CA$12,410(6,70,900 INR approx.)Year 2: CA$9,930(5,36,700 INR approx.)|
|University of Prince Edward Island||Charlottetown||–||CA$30,000 (16,21,780 INR approx.)|
|Wilfrid Laurier University||Waterloo||–||CA$36,240 (19,59,200 INR approx.)|
|Universite Laval||Quebec City||420||CA$14,774 (8,91,431 INR approx.)|
|University of Alberta||Edmonton||119||CA$28,281 (17,06,415 INR approx.)|
|Simon Fraser University, Burnaby||Burnaby||323||CA$34,060 (20,55,108 INR approx.)(For Executive MBA)|
|University of Victoria (UVIC)||Victoria||370||CA$12,738 (7,68,583 INR approx.)|
|University de Sherbrooke||Sherbrooke||–||CA$13,065 (7,88,314 INR approx.)|
|Vancouver Island University||Nanaimo||–||CA$25,600 (15,44,649 INR approx.)|
Most Affordable MBA Programs in Canada
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 2021:
|University||Low Cost MBA in Canada|
|Memorial University of
|University of Northern
|MSc in Business
|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
(MMSc) (1 Year)
|John Molson School
|HEC Montreal||Part-time MBA (French)
|Carleton University: Sprott
School of Business
|Ted Rogers School of
|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
Low Cost MBA in Canada (Online)
Here are the top affordable online MBA in Canada 2021:
|University||Online MBA in Canada||Fees|
|University Canada West||Online MBA – 2 years||CA$35,100[20,29,000 INR approx.]|
|University of Alberta||Part-time MBA & Executive MBA||CA$31,600-CA$73,700[18,27,000 INR-42,61,000 INR]|
|Queen’s University||Executive MBA||CA$106,000[61,29,000 INR]|
|Dalhousie University||Online Blended MBA||CA$47,600[27,52,000 INR]|
|McMaster University||Online Blended MBA||CA$19,164[11,08,000 INR]|
How much does MBA in Canada cost?
In particular, the economical 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, Rotman School of Management, University of Toronto, amongst others. The duration of 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 around 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!
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.
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.
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.
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.
10 of the Most Cost-Effective, Study Abroad Locations are as follows:
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.