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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|
|Phone & Internet||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|
- 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.
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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