Cost of MBA Programs in Canada Universities
The cost of MBA programs in Canada universities, as well as the full list of the most affordable MBA programs in Canada for financially strapped overseas students, may be found in this post.
These Canadian colleges offer affordable tuition for their MBA programs, enabling students from throughout the globe to benefit from a top-notch MBA education.
Canada has a well-deserved reputation as one of the world’s leading centers of education and for welcoming international students wishing to pursue degrees from Canadian universities.
They welcome qualified applicants from all around the world to participate in her top-notch instruction and graduate with a degree that is just as globally renowned.
A wide variety of degrees, certificates, and diplomas are offered by Canadian institutions. Numerous disciplines of study provide associate’s, bachelor’s, master’s, and doctorate degrees, the majority of which are considered to be among the best in the world.
One of them is the MBA, and because you’ve expressed interest in enrolling in a Canadian MBA program, this article will assist you in launching your studies and developing your professional profile.
International students typically find studying abroad to be costly, and Canadian universities are no exception.
Although studying in Canada is costly, there are numerous scholarships available to support international students financially.
These scholarships are provided by Canadian colleges, the government of Canada, charitable foundations, etc.
But the topic of this piece isn’t foreign scholarships; rather, it’s the cost of MBA Programs in Canadian universities and the most affordable program in Canada for international students
What is an MBA?
A Master of Business Administration, or MBA for short, is a graduate-level business degree that gives students management, entrepreneurial, technical, and leadership abilities.
You are qualified for the following jobs with an MBA degree:
- Financial Advisor
- HR Manager
- Business Consultant
- Finance Manager
- Marketing Manager
- Investment Banker
- Chief Executive Officer
- Health Services Manager
- Operations Research Analyst
- Management Analyst
- Sales Director
- Chief Technology Officer
- Public Relations Director and more.
Cost of MBA Programs in Canada Universities
In many nations, such as the United States, MBA degrees are the most sought-after degrees, and you can obtain a degree based on your area of specialization.
Moreover, purchasing it is highly costly, particularly for overseas students.
In Canada, the typical annual cost of an MBA degree is between CAD 20,000 and CAD 50,000 (an indicative price).
Your accredited IDP counselor can help you select the finest business school that fits your budget and give you the most recent information regarding the cost of doing an MBA in Canada.
You’re so excited to learn more about these universities now; continue reading!
Cheapest MBA in Canada for International Students
The most affordable MBA programs in Canada for overseas students are listed below:
- Memorial University of Newfoundland MBA Program
- The University of Regina MBA Program
- Simon Fraser University MBA Program
- University of Calgary MBA Program
- Laval University MBA Program
1. Memorial University of Newfoundland MBA Program
For overseas students, Memorial University of Newfoundland is the best value MBA program in Canada.
However, since this is about international students, domestic students also benefit from her affordable, high-quality education.
The Graduate Department of the Faculty of Business Administration oversees the MBA program, which is inexpensive since it receives significant funding from the province. Additionally, MUN’s MBA program is among the top 5 in the nation.
The course takes two years to finish, and the cost of tuition for an international student is $12,905.26 for the entire two years.
2. The University of Regina MBA Program
The University of Regina, which has a reputation for practical learning and provides practicums, professional placements, and internships, has one of the most affordable MBA programs in Canada for overseas students.
The Kenneth Levene Graduate School of Business offers the MBA degree, which gives students the tools they need to accomplish their professional and personal objectives.
This university offers an MBA program consisting of 39 credit hours that can be finished in two years of full-time study.
The cost of tuition for international students enrolled in the University of Regina’s MBA program is $9,386 annually.
3. Simon Fraser University MBA Program
With three fully operational campuses in Surrey, Burnaby, and Vancouver since its founding in 1965, Simon Fraser University is one of the least expensive MBA programs in Canada for foreign students.
The Beedie School of Business at SFU offers an MBA degree program that includes experiential learning and top-notch professors.
The course costs CAD 55,600 and can be finished in 12 months of full-time study.
4. University of Calgary MBA Program
One of the most reasonably priced MBA programs in Canada for overseas students is at the University of Calgary, a renowned higher education institution that fosters and encourages exploration, creativity, and invention.
The Haskayne School of Business at the University of Calgary provides a range of MBA degree programs, including the Daytime MBA, Evening MBA, Accelerated MBA, Combined MBA, Thesis MBA, and Executive MBA.
The programs are all focused on preparing students to become real-world experts in leadership roles.
For overseas students, the tuition is $13,330.
5. Laval University MBA Program
For international students, the Faculty of Business Administration at Laval University provides the least expensive MBA program in Canada.
This 45-credit program offers full-time, part-time, and remote learning alternatives, allowing you to do it at your speed.
You can enroll in this program and further your knowledge, analytical abilities, and critical thinking for business objectives if you already have a bachelor’s degree.
For an international student enrolled in this program, the cost of tuition is $1,942.86 for three credits.
Cheapest MBA in Canada for International Students without GMAT
The least expensive MBA programs in Canada for overseas students that don’t require the GMAT are listed below.
The Graduate Management Admission Test, or GMAT, is a computer-based assessment tool used to evaluate applicants’ analytical, writing, quantitative, verbal, and reading abilities in preparation for admission to management programs like the MBA.
While the majority of Canadian universities demand the GMAT, some do not ask for it and instead waive it.
The least expensive MBA program in Canada that accepts applications from overseas students without a GMAT is included in this section. Since the GMAT has already been eliminated and these institutions are affordable, you won’t need one to enroll in the MBA program there.
- Queen’s University MBA Program
- Wilfrid Laurier University MBA Program
- Ivey Business School MBA Program
- Lakehead University MBA Program
- York University MBA Program
1. Queen’s University MBA Program
For its twelve-month MBA program, The Smith School of Business at Queen’s University has waived the GMAT requirement.
For overseas students without a GMAT, the program is among the least expensive MBA options available in Canada.
Rather, candidates must have at least two years of work experience in addition to a bachelor’s degree in business, finance, economics, accounting, or a similar discipline.
Additionally, students have to complete and turn in the results of an English language competency exam, such as the PTE, IELTS, or TOEFL.
2. Wilfrid Laurier University MBA Program
The faculty at Wilfrid Laurier University that oversees the MBA program is the Lazaridis School of Business and Economics, and admission to the program is not contingent upon a GMAT score.
There are multiple study alternatives for the MBA program, which is offered at the campuses in Vancouver and Waterloo.
Full-time, full-time + co-op, part-time evening, part-time accelerated, and part-time weekend study choices are available.
This is intended to allow working graduates to find the time to attend classes and allow students to study at their own pace.
3. Ivey Business School MBA Program
Situated in Toronto, Ivey Business School is one of the most affordable MBA programs in Canada for non-GMAT-holding overseas students.
The school dismissed it and asked for an IELTS score of 7.0 in addition to a bachelor’s degree with higher status.
The Western University of Ontario, or UWO, business school is connected to the Ivey Business School.
The institution provides an inexpensive 12-month MBA program that does not require a GMAT to enroll.
4. Lakehead University MBA Program
The MBA program at Lakehead University was created to give graduate students cutting-edge abilities that will equip them for a successful career in the business world.
It boasts a creative curriculum and a faculty of cutting-edge professionals.
Being one of the most affordable MBA programs for overseas students without a GMAT, the Lakehead University MBA Program is particularly noteworthy for its lack of requirements and affordability.
Students having a strong academic standing of at least a B in their bachelor’s degree are preferred for the program, which can be completed in 12 months of full-time study or three years of part-time study.
5. York University MBA Program
York University, popular and well-known, enjoys recognition on a national and worldwide level.
The university’s Schulich School of Business provides one of the most affordable MBA programs for foreign students without a GMAT.
Only applicants who achieve the academic requirement of earning a B+ or above in their final two years of undergraduate study will have their GMAT fee waived.
The goal of Schulich’s MBA program is to equip graduate students with the specific knowledge and leadership abilities needed to obtain a competitive edge in the business sector.
FAQS
What is the cost of an MBA in Canada?
Studying for an MBA in Canada is a little less expensive than in the USA. In Canada, the cost of tuition for MBA programs can vary from approximately $30,000 to CAD 60,000 annually, whereas in the United States, the tuition might range from $50,000 to USD 100,000 annually.
Which is the cheapest university for an MBA in Canada?
- University of Northern British Columbia.
- University of New Brunswick.
- Memorial University of Newfoundland.
- Wilfred Laurier University.
- Lake Head University.
- Concordia University.
How much time is an MBA in Canada?
The majority of MBA programs in Canada are two years long. Nonetheless, a few Canadian business institutions provide an 18-month Accelerated MBA program.
Numerous institutions and colleges offer one-year MBA programs.
In Canada, which MBA is most in demand?
When it comes to average MBA salaries in Canada, the most popular concentrations are supply chain management, international business, finance, marketing, human resources, and operations.
In Canada, which MBA degree is in demand?
In Canada, finance, accounting, entrepreneurship, marketing, human resources, and operations management are the most sought-after MBA specializations. Because businesses need to manage their accounts and finances effectively, finance and accounting are always in great demand.
What is a low GPA in Canada for an MBA?
While elite business schools have upped the standard to 3.0, Canadian MBA programs may still require applicants to have a minimum GPA of 2.7. Nevertheless, to stay competitive, it’s advisable to keep your GPA above average. Here, it refers to a GPA higher than 3.5.
How much does it cost for international students to get an MBA in Canada?
An MBA degree in Canada typically costs between CAD 20,000 and CAD 50,000 annually (an approximate price).
Your accredited IDP counselor can help you select the finest business school that fits your budget and give you the most recent information regarding the cost of doing an MBA in Canada.
Can I work during my MBA in Canada?
Candidates who have a co-op permit can work full-time while pursuing their normal academic program. If the candidate’s work is a required component of their academic degree, they must have a co-op work visa.
How much does an MBA cost in Canada for a year?
What is the price of an MBA in Canada? An MBA program at a reputable and accredited university in Canada is expected to cost between $30,000 and $40,000 annually on average.
Conclusion
The cost of MBA programs at Canadian colleges includes living costs, tuition, and possible financial assistance.
Prospective students ought to do extensive study on the particular expenses linked to the university and program of their choice, bearing in mind the extra costs of living in Canada.
Notwithstanding the financial concerns, doing an MBA in Canada may be a life-changing experience that provides access to a variety of professional opportunities and a top-notch education.
