MBA in Canada fees | Everything you need to know about!

Why Attend an MBA in Canada

Canada has evolved into one of the major international centers for education. Enrolling in an MBA program here will put you on the fast track to a richly diverse and academically stimulating environment, attractive job prospects, uncomplicated procedures for getting citizenship, and various other advantages. According to sources, the interest in the costs and other expenses related to an MBA in Canada is due to the substantial demand for MBA programs in Canada.

Besides the more affordable MBA tuition in Canada, what other reasons did you have for pursuing an MBA in Canada?

To begin with, Canada is home to some of the world’s most renowned and acclaimed institutions, consistently placing highly on lists of top universities around the world, such as those published by QS Research, Academic Rankings of World Universities, and Times Higher Education.

Canadian MBA tuition costs are relatively lower than comparable programs in several other nations, including the US and the UK. Compared to the typical course cost of $45,000 in the US, MBA tuition in Canada for international students may range from CAD 10,000 to CAD 35,000 annually, at least US$10,000 less expensive.

Canada’s average MBA tuition is less than Australia’s ($43,000) and the UK’s ($44,000). Every year, about 500,000 international students travel to Canada, where there are many opportunities to experience true multiculturalism, political stability, and a pleasant society. The welcoming and kind character of the nation and its people is another advantage.

In addition to the affordable MBA course costs in Canada, students may enjoy top-notch educational opportunities at internationally renowned colleges. For MBA students, attending school in Canada is usually an excellent financial investment. The average pay for successful graduates is up to 79,076 CAD per year. Starting at CAD 34,170 per year for entry-level employees, the average salary for experienced experts. 

Additionally, visa and immigration procedures may be considerably more straightforward for students. The method is also easier to follow for Canadian citizenship and permanent residence.

MBA Canada fees at Leading Universities

You can choose from several Canadian universities that offer this degree program to students if you’re interested in attending a low-cost MBA program. For overseas students, an MBA in Canada typically costs between 30,000, and  Scholarships can significantly reduce these expenses. It should be emphasized that more than 100 of the world’s  Employment rates for Canadian MBA graduates have also increased. You must fulfill a few requirements to enter a prestigious MBA program in Canada.

Here is a closer look at the top institutions in Canada and an estimate of the tuition costs:

University	Business School/Duration of Program	Tuition Fee (CAD)
University of Toronto	Rotman School of Management (2 years)	66,210 (for year 1)
McGill University	Desautels Faculty of Management (1 year to 20 months)	99,500
Queen’s University	Smith School of Business (1 year)	104,100
University of Western Ontario	Ivey Business School (1 year)	88,125
York University	Schulich School of Business (16-20 months)	112,250
University of British Columbia	Sauder School of Business (16 months)	51,415
Concordia University	John Molson School of Business (16-24 months)	47,900
HEC Montreal	Department of Business (1 year)	54 000 until summer 202259 000 from fall 2022
Dalhousie University	Rowe School of Business (23 months or longer)	82,205
McMaster University	DeGroote School of Business (20-28 months)	86,000-92,000
Brock University	Goodman School of Business (2 years)	34,175 (per year for 10 courses)
Simon Fraser University	Beedie School of Business (16 months)	962.40 per unit
University of Ottawa	Telfer School of Management (2-year)	64,000-68,000
Saint Mary’s University	Sobey School of Business (16 months)	43,000
University of Victoria	Gustavson School of Business (2 years)	39,331.40
University of Calgary	Haskayne School of Business (2 years)	25,042.80 (for year 1)
University of Saskatchewan	Edwards School of Business (2 years)	54,853.86
University of Manitoba	Asper School of Business (2 years)	765.26 per credit hour

Cost of Living in Canada

In Canada, the cost of living varies between 18,000 to 20,000 CAD per year. The same’s monthly breakdown is as follows:

Category	Cost (in CAD)
Accommodation with utilities	800-1200
Food	300-400
Phone & Internet	100-200
Entertainment	50-100
Miscellaneous	100-200

Cost of Pre-Arrival for MBA in Canada

The approximate pre-arrival cost for an MBA in Canada is CAD 13184 to CAD 2000. It would cover expenses like the price of standardized examinations, round-trip airline tickets, visa costs, application fees for universities, the purchase of GICs (Guaranteed Investment Certificates), and health insurance.

Canada MBA programs at reasonable costs

Executive MBA, Part-Time MBA, Dual Degree MBA, and Full-Time MBA are some of the MBA programs in Canada that might be affordable.

Here is a list of Canadian colleges and institutions with reasonably priced MBA programs.

University	Fees ( CAD)
Memorial University of Newfoundland	9,666
Wilfrid Laurier University	16,994.12
University of Alberta	28,281
Vancouver Island University	720.00 per credit

Key takeaways

• According to the QS World University Rankings 2021, six of the top 150 universities in the world are located in Canada.
• Compared to the typical course cost of $45,000 in the US, MBA tuition in Canada for international students may range from CAD 10,000 to CAD 35,000 annually, at least US$10,000 less expensive.
• For overseas students, an MBA in Canada typically costs between 30,000 and 40,000 CAD.

We hope this blog was informative. If so, please share your views in the comments below. Click here to reach out to us for more information. We would be happy to assist you with your queries.

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FAQs

Q1. How long is a part-time MBA in Canada?

Ans. The part-time program can be finished in 10 terms and includes both daytime and evening classes (approximately 3 years).

Q2. How much money does an MBA make in Canada?

Ans. Upon completing an MBA in Canada, a candidate may expect to make approximately CAD 1,33,000 (INR 78,19,781) annually.

Q3. Can I pursue an MBA in Canada while working full-time?

Ans. The majority of overseas MBA students in Canada have the option of working up to 20 hours per week and can also work full-time