Low Cost MBA in Canada

Low Cost MBA in Canada

Management degree programs are notorious for being one of the most popular courses amongst students as well as working professionals. Moreover, with a plethora of specialisations on offer, an increasing crowd of candidates are planning to pursue an MBA abroad to attain an international level exposure into the business industry. Renowned for its globally acclaimed business schools, Canada offers a multitude of affordable MBA courses as well as low costs of living. 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.

Low Cost MBA in Canada 2021

Here are the top Low cost MBA colleges in Canada 2021:

UniversityProgram Fees 2021
Memorial University of
CA$9,700 (5,22,600 INR approx.)
University of Northern
British Columbia
CA$3,604 (1,90,000 INR approx.)
University of ManitobaCA$27,919 (16,14,000 INR approx.)
University of SaskatchewanCA$4,992 (2,63,000 INR approx.)
Saint Mary’s UniversityCA$28,655 (15,07,200 INR approx.)
University of OttawaCA$18,699 (9,84,00 INR approx.)
University of WaterlooCA$18,774 (9,87,000 INR approx.)
John Molson School
of Business,
Concordia University
CA$37,500 (INR 20,27,120 approx.)
HEC MontrealCA$45,000 (24,32,600 INR approx.)
Carleton University: Sprott
School of Business
CA$55,000 (29,73,100 INR approx.)
Ted Rogers School of
Ryerson University
CA$35,818 (19,36,190 INR approx.)
University of New BrunswickYear 1: CA$12,410
(6,70,900 INR approx.)
Year 2: CA$9,930
(5,36,700 INR approx.)
University of Prince Edward IslandCA$30,000 (16,21,780 INR approx.)
Wilfrid Laurier UniversityCA$36,240 (19,59,200 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: 

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

Most Affordable MBA Colleges in Canada

Here are the most affordable budget MBA colleges in Canada:

Low Cost Online MBA in Canada

Here are the top affordable online MBA in Canada 2021:

UniversityOnline MBA in CanadaFees
University Canada WestOnline MBA – 2 yearsCA$35,100
[20,29,000 INR approx.]
University of AlbertaPart-time MBA & Executive MBACA$31,600-CA$73,700
[18,27,000 INR-42,61,000 INR]
Queen’s UniversityExecutive MBACA$106,000
[61,29,000 INR]
Dalhousie UniversityOnline Blended MBACA$47,600
[27,52,000 INR]
McMaster UniversityOnline Blended MBACA$19,164
[11,08,000 INR]

Types of Low Cost MBA in Canada

The costs of MBA courses 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

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.

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 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!


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.

Management degrees delve into innumerable subfields offering students the opportunities to combine both core disciplinary knowledge with industry training and business acumen. We hope that this blog helped you understand the key facets of pursuing low cost MBA in Canada. 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.

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