Cost of MBA in Canada: Top Universities, Fees & Cost of Living

Canada has transformed into one of the leading global education hubs. Pursuing an MBA course in the country means taking a simple route towards a multicultural and academically enriching environment, lucrative employment opportunities, easy steps towards obtaining permanent residency and citizenship, and many other benefits. Considerable demand has been observed for MBA courses in Canada, as per reports, and therefore, there is a growing interest in the cost of an MBA in Canada. 

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MBA in Canada Cost-Why Study Here

Apart from the comparatively reasonable Canada MBA fees, what are the other reasons for pursuing your MBA in the country? For starters, Canada is home to some of the world’s most reputed and recognized universities that constantly rank high in the global rankings lists, including QS Research, Academic Rankings of World Universities, and Times Higher Education. 

Coming back to the MBA fees in Canada, it should be mentioned that they are comparatively lower than similar courses in several countries, including the US and the UK. MBA fees in Canada for international students may be roughly between CAD 10,000 and CAD 35,000 annually, which is at least US$10,000 cheaper when considering the average course fee of $45000 in the US. 

In fact, the average cost of an MBA in Canada is lower than in Australia ($43,000) and the United Kingdom ($44,000). Almost half a million global students come to Canada annually, and the country offers ample opportunities to experience real multiculturalism along with political stability and a peaceful environment overall. The open and welcoming nature of the country and its citizens is another benefit.  

Along with Canada’s reasonable MBA course fees, students can also expect quality education options at globally reputed universities. Studying in Canada is always a value-for-money experience for MBA students. Successful graduates may earn up to CAD 79,076 annually as an average salary. Entry-level salaries start from CAD 34,170 annually and go up to CAD 120,793 per year for experienced professionals. 

Additionally, students may also expect comparatively easier visa and immigration processes in the country. The pathway is also more accessible for permanent residency and citizenship in Canada.

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MBA Fees in Canada at Leading Institutions 

Coming to a low-cost MBA in Canada, you can take your pick from several reputed institutions offering this degree program to students.  The MBA fees in Canada for Indian students may range between ₹11 to 59 lakh. The average cost of an MBA in Canada for international students ranges from CAD 30,000 to 40,000. Scholarships can help significantly reduce these costs, and it should be mentioned that Canada has 100+ leading institutions of higher education, while employment rates have also increased for Canadian MBA graduates. Getting admission into a leading MBA program in Canada will naturally have some specific requirements.

Here’s taking a closer look at leading universities in Canada and the approximate tuition fees charged: 

Cost of Living in Canada

The annual cost of living in Canada ranges from CAD 18,000 to 20,000. Here’s the monthly breakdown of the same:

Pre-Arrival Cost for MBA in Canada 

The pre-arrival cost for an MBA in Canada would roughly come out to ₹8 lakh. It would include standardized tests cost, one-way flight tickets, visa fees, university application fees, the purchase of GIC (Guaranteed Investment Certificate), and health insurance. 

Know more about: Statement of Purpose Format | SOP for Canada

Affordable MBA Programs in Canada

The type of MBA programs in Canada that can be pocket-friendly include Executive, Part-Time, Dual Degree, and Full-Time MBA. 

Here’s a list of universities offering affordable MBA programs in Canada

Important Resources to Read About Canada: