MBA in Canada Fees for Indian Students 2026: Tuition Fees, Living Cost & Total Cost

Article Summary

• MBA in Canada fees for Indian students in 2026 typically range from CAD 30,000 to CAD 80,000, while the total cost including living expenses can reach CAD 45,000 to CAD 120,000. Most MBA programs last 12 to 24 months and are offered in cities like Toronto, Vancouver, and Montreal.
• Top universities offering MBA programs in Canada include the University of Toronto, McGill University, Western University, York University, and the University of British Columbia, where tuition fees can exceed CAD 100,000 depending on the program type, specialisation, and duration.
• The cost of living for MBA students in Canada averages CAD 12,000 to CAD 18,000 per year, covering accommodation, food, transport, and utilities, while graduates can access a post-study work permit of up to 3 years and pursue careers in sectors like finance, consulting, and marketing.

An MBA course in Canada is one of the most popular options for Indian students in 2026. Understanding the MBA in Canada fees for Indian students is important to further plan the application process and academic journey. The average tuition fee ranges from CAD 30,000 to CAD 80,000. It varies according to the chosen university. 

In this blog, we have mentioned the detailed costs of an MBA in Canada in 2026, including fees at top universities, living expenses, and other miscellaneous costs. This can help you get an idea about your budget while you plan your education abroad in Canada. So, without any further ado, let’s get started.

MBA in Canada Fees: Quick Overview

Understanding the total cost of Master of Business Administration courses in Canada is quite crucial for financial planning. For a quick overview, we have mentioned some information that can give you an idea of what it costs to study an MBA in a country like Canada. 

Particulars	Details
Average MBA tuition fees	CAD 30,000 to CAD 80,000
Total MBA cost in Canada	CAD 45,000 to CAD 120,000
Course Duration	12 to 24 months
Top Student-Friendly Cities	TorontoVancouverMontreal
Post-study work permit after an MBA in Canada	Up to 3 years

MBA in Canada: Fees for Indian Students

The cost of pursuing an MBA in Canada for an Indian student varies depending on the university, chosen specialisation, and type of institution. It is to be noted that international students pay different fees than domestic students, which are typically higher. 

Moreover, top universities such as the University of Toronto, Western University, McGill University, and many others charge higher tuition fees due to their prestige, rigorous courses, and high graduation and employment rates. In the table below, we have mentioned approximate MBA in Canada fees for Indian students for 2026 for reference. 

Particulars	Average MBA Tuition (CAD)	Average MBA Tuition (INR)
Public universities	CAD 30,000 to 60,000	INR 20,13,872 to INR 40,27,744
Top business schools	CAD 70,000 to 120,000	INR 46,99,035 to INR 80,55,489

Note: 1 CAD = 67.13 INR 

MBA Fees in Canada at Top Universities

The MBA tuition fees for Indian students can differ depending on the chosen university in Canada. However, having an idea of what the average tuition fee is for studying an MBA in Canadian top universities helps to make good budget decisions. We have listed the top 15 business schools in Canada according to the QS Global MBA Rankings 2026, along with the types of courses available and their average costs below. 

University of Toronto (Rotman School of Management)

Here is the MBA fee structure in 2026-27 for the Rotman School of Management: 

Particulars	Details
QS MBA Ranking 2026	1
City of Location	Toronto
Course Duration	1 to 2 years
MBA Program	Full-Time MBA One-Year MBA Evening MBA Executive MBA Global Executive MBA Global Executive MBA for Healthcare and the Life Sciences Combined Degree and Specialization Programs
Tuition Fees (CAD)	Full-Time MBA: CAD 139,140 One-Year MBA: CAD 108,570 Evening MBA: CAD 139,140 Executive MBA: CAD 125,000 Global Executive MBA: CAD 110,000 Global Executive MBA for Healthcare and the Life Sciences: CAD 116,080 Combined Degree and Specialisation Programs: Varies
Tuition Fees (INR)	Full-Time MBA: INR 93,40,340 One-Year MBA: INR 72,88,204 Evening MBA: INR 93,40,340 Executive MBA: INR 83,91,135 Global Executive MBA: INR 73,84,198 Global Executive MBA for Healthcare and the Life Sciences: INR 77,92,343 Combined Degree and Specialization Programs: Varies

McGill University

Here is the MBA fee structure in 2026-27 for McGill University, and you need to note that fees are subject to change each year: 

Particulars	Details
QS MBA Ranking 2026	2
City of Location	Montreal
Course Duration	Upto 4 years
MBA Program	Full-Time MBAMBA/Law McGill-HEC Montréal Executive MBA
Tuition Fees (CAD)	Full-Time MBA: CAD 108,500 MBA/Law: CAD 108,500 McGill-HEC Montréal Executive MBA: CAD 97,000
Tuition Fees (INR)	Full-Time MBA: INR 72,83,505 MBA/Law: INR 72,83,505 McGill-HEC Montréal Executive MBA: INR 65,11,520

Ivey Business School (Western University)

Here is the MBA fee structure in 2026-27 for Ivey Business School:

Particulars	Details
QS MBA Ranking 2026	3
City of Location	London (ON)
Course Duration	1 to 2 years
MBA Program	MBAExecutive MBA
Tuition Fees (CAD)	MBA: CAD 136,310 Accelerated MBA: CAD 92,310 Executive MBA: CAD 129,200
Tuition Fees (INR)	MBA: INR 91,50,364 Accelerated MBA: INR 61,96,685 Executive MBA: INR 86,73,077

York University (Schulich)

Here is the MBA fee structure in 2026-27 for York University (Schulich): 

Particulars	Details
QS MBA Ranking 2026	4
City of Location	Toronto
Course Duration	1 to 2 years
MBA Program	Full Time MBA Part-time MBA Accelerated MBA MBA/Juris Doctor MBA/MFA/MA Kellogg-Schulich Executive MBA
Tuition Fees (CAD)	Full Time MBA: CAD 123,928 for the full course Part-time MBA: International students might not be eligible  Accelerated MBA: CAD 30,984 per term MBA/Juris Doctor: CAD 30,982 per term MBA/MFA/MA: CAD 30,982 per  term Kellogg-Schulich Executive MBA: CAD 150,000 for full course fee
Tuition Fees (INR)	Full Time MBA: INR 83,19,172 for the full course Part-time MBA: International students might not be eligible  Accelerated MBA: INR 20,79,927 per term MBA/Juris Doctor: INR 20,79,793 per term MBA/MFA/MA: INR 20,79,793 per  term Kellogg-Schulich Executive MBA: INR 1,00,69,362 for the full course fee

University of British Columbia (Sauder)

Here is the MBA fee structure in 2026-27 for the University of British Columbia: 

Particulars	Details
QS MBA Ranking 2026	5
City of Location	Vancouver
Course Duration	1 to 2 years
MBA Program	Full-time MBA Professional MBA International MBA Master of Business Analytics
Tuition Fees (CAD)	Full-time MBA: CAD 108,421 Professional MBA: CAD 108,421 International MBA: CAD 77,565 Master of Business Analytics: CAD 72,534
Tuition Fees (INR)	Full-time MBA: INR 72,78,201 Professional MBA: INR 72,78,201 International MBA: INR 52,06,867 Master of Business Analytics: INR 48,69,140

University of Alberta

Here is the MBA fee structure in 2026-27 for the University of Alberta: 

Particulars	Details
QS MBA Ranking 2026	6
City of Location	Edmonton
Course Duration	1 to 2 years
MBA Program	Full-Time MBA Fastrack MBA Part-Time MBA Executive MBA
Tuition Fees (CAD)	Full-Time MBA: CAD 82,400 for the full course Executive MBA: CAD 93,701.50 for the full course
Tuition Fees (INR)	Full-Time MBA: INR 55,31,436 for the full course Executive MBA: INR 6,29,00,61 for the full course

Concordia (John Molson)

Here is the MBA fee structure in 2026-27 for Concordia (John Molson)

Particulars	Details
QS MBA Ranking 2026	6
City of Location	Montreal
Course Duration	1 to 2 years
MBA Program	MBA MBA (Investment Management) Executive MBA
Tuition Fees (CAD)	MBA: CAD 42,680 (estimation) MBA (Investment Management): CAD 68,850 for the full course Executive MBA: CAD 85,000 for the full course
Tuition Fees (INR)	MBA: INR 28,65,069 (estimation) MBA (Investment Management): INR 46,21,837 for the full course Executive MBA: INR 57,05,971 for the full course

HEC Montréal

Here is the MBA fee structure in 2026-27 for HEC Montréal:

Particulars	Details
QS MBA Ranking 2026	6
City of Location	Montreal
Course Duration	1 to 2 years
MBA Program	1-Year MBA (Available in French and English) 2-Year MBA (Available only in French)
Tuition Fees (CAD)	CAD 64,000
Tuition Fees (INR)	INR 42,96,261

Haskayne School of Business

Here is the MBA fee structure in 2026-27 for Haskayne School of Business:

Particulars	Details
QS MBA Ranking 2026	9
City of Location	Calgary
Course Duration	1 to 2 years
MBA Program	Full-time MBA: CAD 98,079.22 Flexible MBA Accelerated MBA Executive MBA
Tuition Fees (CAD)	Full-time MBA: CAD 98,079.22 Executive MBA: CAD 4,547.34 per 3-uni course
Tuition Fees (INR)	Full-time MBA: INR 65,83,967 Executive MBA: INR 3,05,258 per 3-uni course

McMaster (DeGroote)

Here is the MBA fee structure in 2026-27 for McMaster (DeGroote): 

Particulars	Details
QS MBA Ranking 2026	9
City of Location	Hamilton
Course Duration	2 years
MBA Program	Full-time MBA
Tuition Fees (CAD)	CAD 107,300
Tuition Fees (INR)	INR 72,02,950

Also Read: MBA in USA Costs

Total Cost of MBA in Canada in 2026

On average, the total cost of studying an MBA in Canada is CAD 30,000 to CAD 120,000 per year. The overall cost is estimated by adding the tuition fees at the university to the living expenses for you. We have mentioned the average tuition fees for full-time MBAs offered by different top business schools in Canada, along with the living expenses: 

Universities	Average Tuition Fees (CAD)	Average Tuition Fees (INR)
Rotman School of Management	CAD 139,140	INR 93,40,340
McGill University	CAD 108,500	INR 72,83,505
Ivey Business School	CAD 136,310	INR 91,50,364
York University (Schulich)	CAD 123,928 (Full course)	INR 83,19,172
University of British Columbia (Sauder)	CAD 108,421	INR 72,78,201
University of Alberta	CAD 82,400 (Full course)	INR 55,31,436
Concordia (John Molson)	CAD 42,680 (Average)	INR 28,65,069
HEC Montréal	CAD 64,000	INR 42,96,261
Haskayne School of Business	CAD 98,079.22	INR 65,83,967
McMaster (DeGroote)	CAD 107,300	INR 72,02,950

Cost of Living in Canada 

On average, international students must budget around CAD 12,000 to 18,000 for living expenses per year. It is also to be noted that the exact costs can vary depending on your personal preferences, lifestyle, and the location you are living in. We have mentioned the average cost of living for international students in Canada below: 

Expense List	Average Costs Per Month (CAD)	Average Costs Per Month (INR)
Accommodation	CAD 800 to CAD 1500	INR 53,703 to INR 1,00,693
Food	CAD 250 to CAD 400	INR 16,782 to INR 26,851
Transport	CAD 80 to CAD 150	INR 5,370 to INR 10,069
Utilities	CAD 100 to CAD 200	INR 6,712 to INR 13,425
Total	CAD 1230 to CAD 2250	INR 82,568 to INR 1,51,040

Total MBA Cost in Canada With Examples

We have already understood that the overall cost of studying MBA is the addition of tuition with the cost of living there. To have more clarity, we have mentioned the examples for you below to understand how to evaluate the near-exact total cost of an MBA in Canada through an example: 

University	Tuition	Living Cost	Total Cost
Rotman	CAD 139,140	CAD 23,856 to 38,756	CAD 2,19,996 to CAD 1,77,896
McGill	CAD 108,500	CAD 23,000 to CAD 32,000	CAD 1,31,500 to CAD 1,40,500
York (Schulich)	CAD 123,928	CAD 21,000 to CAD 26,000	CAD 1,44,928 to CAD 1,49,928

Also Read: Cost of Studying in the USA vs Average Salary After Graduation (2026 Data)

Cheapest MBA in Canada for Indian Students

Studying for an MBA in Canada can be very expensive for some students. However, they can pursue their MBA studies at some of the Tier 2 or Tier 3 universities in Canada that offer some of the best business curricula with affordability in comparison to the top universities. We have mentioned a list of these business schools in Canada that offer affordability to study MBA in 2026: 

Particulars	Average MBA Tuition Fees 2026
Memorial University	CAD 37,493.14 for full course
University of Manitoba	CAD 12,937.30 per term
University of Saskatchewan	CAD 70,915.00 for full term
Cape Breton University	CAD 27,414.00 per term
University of Windsor	CAD 37,493.14 for the full course

1-Year vs 2-Year MBA Cost in Canada

It is one of the most crucial decisions for international students on whether to go for a 1-year MBA or a 2-year MBA in Canada. The cost varies significantly between these two options, as the expenses for a 2-year MBA are double the cost for a 1-year course. Here is a table for reference to understand the average MBA fees as well as who should opt for a 1-year or 2-year course.

Particulars	1-Year MBA	2-Year MBA
Duration	12–16 months	20–24 months
Average MBA Fees	CAD 40,000 to 80,000	CAD 60,000 to 120,000
Total Cost	Lower cost because you are only studying for 1 year	Costs more as you will be paying tuition and living for 1 more year.
Suitability	Experienced professionals	Those who want to switch their careers
Opportunity Cost	Candidates lose their 1 year of salary while studying MBA in Canada	Here, they lose 2 years of salaries while studying
ROI	Typically, students recover their money faster due to comparatively lower costs and shorter study times.	The money is recovered in a longer time compared to a 1-year MBA.

MBA Scholarships in Canada for Indian Students 

Although the cost of an MBA in Canada can be skyrocketing, there are many scholarships for international students that can help them to manage the expenses. There are many fully funded as well as partial scholarships. We have mentioned the table below with some of the top scholarships along with their benefits for international students: 

Government Scholarships for MBA In Canada

MBA Scholarship	Benefits
Ontario Graduate Scholarship	Up to CAD 15,000 per year
Shastri Indo-Canadian Institute Fellowship	Varies (research and academic funding support)
Canadian Commonwealth Scholarship and Fellowship Plan	Tuition fees + travel + living allowance
Government of Quebec Merit Scholarship Program	Up to CAD 25,000 per year
Social Sciences and Humanities Research Council of Canada Grants	Up to CAD 20,000

University-Based MBA Scholarships in Canada 

MBA Scholarship	Benefits
Rotman School of Management Scholarships	Up to full tuition
Ivey Business School MBA Scholarships	Varies, CAD 10,000 to CAD 70,000
Schulich School of Business Awards	Varies, CAD 5,000 to CAD 80,000
Alberta MBA Scholarships	Varies, CAD 10,000 to CAD 30,000
UBC Sauder School of Business Scholarships	CAD 10,000 and up to Full Tuition

ROI of an MBA in Canada

Before investing money in an MBA course in Canada, it is crucial for international students to understand what the potential return on their investment might be after graduation. Generally, you invest an average of CAD 45,000 to CAD 120,000 towards MBA tuition and living costs. This is roughly INR 30.2 lakhs to INR 80.55 lakhs. It seems a big commitment and risky. However, the best part is that after graduation, the salary can go as high as over CAD 1 lakh for some specialisations. We have mentioned the average salaries and tuition after completing an MBA from top universities below for more information. Also, it is to be noted that the data mentioned below is taken from the university’s official data. 

University	Average Tuition	Average Living	Average Salaries	Average ROI Period
Rotman	CAD 139,140	CAD 23,856 to 38,756	CAD 134,000*	1.4 to 1.6 years
McGill	CAD 108,500	CAD 23,000 to CAD 32,000	CAD 105,511**	1.25 to 1.33 years
York (Schulich)	CAD 123,928	CAD 21,000 to CAD 26,000	CAD 90,643***	1.8 to 1.9 years

*Total salary (3-year average: Full-Time MBA classes 2022-24), includes base, bonus, and other compensation

**3-year cumulative average Full-Time MBA 2023-2025 mean base salary

***Average Base Salaries 

We took the top 3 universities in Canada and interpreted the potential ROI for these, and it is quite high, recovering in less than 2 years. Hence, we can say that the investment for an MBA in Canada is worth the time, money, and effort, as the potential advanced career opportunities with lucrative salaries are numerous. 

Key MBA ROI Insights for Indian Students

• It is to be noted that this is not a guarantee that International students after graduation from MBA courses can get salaries as mentioned above. The majority of graduates recover their cost on MBA courses within 3 to 5 years instead of 1 to 2.
• There are numerous big recruiting companies that consistently hire MBA graduates in Canada, such as Deloitte, KPMG, Royal Bank of Canada, Amazon, etc. 
• Some of the in-demand sectors for an MBA in Canada include consultancy, finance, marketing, operations, and many more. 

Also Read: MBA ROI in Germany: Is it Worth the Investment?

MBA in Canada Eligibility Requirements

Being aware of the eligibility requirements for MBA courses in Canada is crucial for international students, as admission is completely discretionary. It is also to be noted that each Canadian university has its own eligibility criteria for the MBA; however, a few of the requirements are quite common between all institutions. We have mentioned a list of common eligibility requirements for an MBA in Canada: 

• Students need an undergraduate degree in a relevant field with at least a GPA of 3.0 or an equivalent score of 60%. 
• Canadian universities also require entrance exams such as GMAT or GRE. The minimum required GMAT is typically 550 to 700, and the GRE must be its equivalent. 
• English proficiency through tests such as IELTS, TOEFL, DET, or PTE is required with a minimum score of a 6.5 to 7.5 IELTS band score or its equivalent on average. 
• There might be a requirement for work experience of 2 to 5 years or above. 

Documents Required for MBA in Canada

It is important to apply to the MBA universities in Canada with all the required documents to avoid delays in processing or rejections. We have enlisted a document checklist for international students who want to apply for an MBA in Canada in 2026: 

• Valid Passport
• Academic Marksheets and Certificates
• Completed Application Form 
• IELTS/TOEFL Scorecard
• GMAT/GRE Scores 
• Academic Essays
• LORs
• SOP
• Motivation letter
• Work experience certificates
• CV/Resume 
• Portfolio 

Also Read: Is It Possible to Study MBA in Europe Without GMAT?

Work Opportunities During an MBA in Canada in 2026

International students have numerous work opportunities in Canada during both the times of studies and after graduation. During academic studies, we have 24 hours to work part-time jobs such as retail, barista, cleaning, teaching, sales, and many more. On the other hand, after graduation, you will get the post-study work permit for up to 3 years. You can legally search as well as work in the industry during this time without any restrictions on work hours. Hence, even after completing an MBA in Canada, you get numerous opportunities. 

Part-Time Jobs during Studies in Canada 

International students can work part-time jobs for up to 24 hours a week during academic semesters, as per the advice from Canadian immigration. You can work on multiple jobs to complete these hours; however, you cannot work more than 24 hours a week, as it is a violation of your study permit conditions. If you are on a scheduled break from your university, you are allowed to work unlimited hours doing off-campus jobs. Not following these limits can even cost you your student status in Canada and can significantly impact future study permit applications. 

Jobs after an MBA in Canada

After completing MBA courses in Canada, students have opportunities to work across various industries such as finance, consulting, healthcare, technology, and more. The demand for MBA graduates in Canada is very high, and they are offered competitive salaries that further advance their careers. International students are offered a post-graduation work visa of up to 3 years after completing their MBA. This helps them work legally in the Canadian job market. Given that international students invest a significant amount of money in MBA tuition fees and living expenses in Canada, the potential ROI is quite high. 

We have mentioned the average salaries after completing an MBA through the table below for international students, as per the recent reports by Glassdoor in 2026: 

Top Specialisations	Average Salaries 2026
MBA in Marketing	CAD 59,000 to CAD 87,000 per year
MBA in Human Resources	CAD 54,000 to CAD 80,000 per year
MBA in Operations	CAD 55,000 to CAD 94,000 per year
MBA in Finance	CAD 67,000 to CAD 109,000 per year
MBA in Business Analysis	CAD 59,000 to CAD 84,000 per year

Also Read: Study MBA in Austria: Universities, Tuition Fees, Eligibility & Jobs

FAQs

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So, this was all about the MBA in Canada Fees for Indian Students 2026. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad.