If you are looking for cheap or affordable universities in Canada for MBA, then this blog will help you in finding some of the best and cheap ones. We have curated the list of cheapest MBA in Canada for International Students, based on not only tuition fee but also their QS ranking, reputation, and value of the certificate. Canada cost of living can be managed better by joining one of these or by choosing a city that is affordable to live in, like Vancouver.
Cheapest MBA Colleges In Canada for international students
Here are some of the top MBA Universities in Canada with good reviews and ranking. The fees mentioned below is of full-time MBA on-campus for international students. To get complete details like admission requirements, entrance tests, GPA requirements, etc., you may click on a button in the table below. There are plenty of universities which offer MBA programs under CAD 30,000.
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PictureUniversity NameLocationUniversity Details
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Québec City, QuebecPublic College, Estd 1663
QS Rank – 441
Fees: CAD 32,730 -
St. John’s, NewfoundlandPublic College, Estd 1925
QS Rank – 641-650
Fees: 36,947 -
Regina, SaskatchewanPublic College, Estd 1974
QS Rank – 1001-1200
Fees: CAD 38,883 -
Vancouver, British ColumbiaPrivate College, Estd 2004
QS Rank – 5 Star
Fees: CAD 40,635 -
Nanaimo, British ColumbiaPublic College, Estd 1969
QS Rank – 1001-1200
Fees: CAD 55,915
CHEAPEST EXECUTIVE MBA IN CANADA
The cheapest Executive MBA (EMBA) programs in Canada are an excellent choice for professionals who are seeking a low-cost MBA without compromising quality. Given below is a list of universities offering affordable MBA in Canada:
- Concordia (John Molson) University- $37,500 per year
- Alberta School of Business- $32,565 per year
- Haskayne School of Business- $40,000 per year
- Telfer School of Management- $35,000 per year
- Sobey School of Business- $ 30,000 per year
TYPES OF LOW-COst MBA in Canada
Low-cost/ cheapest MBA programs in Canada vary based on factors such as tuition fees, program duration, and scholarship opportunities, Here are the different degrees that you can choose to pursue.
- Full Time MBA
- Part-Time MBA
- Dual Degree MBA
- Executive MBA
- Professional MBA
- Accelerated MBA
Also Check: Top 10 MBA Scholarship in Canada
Career Prospects for cHEAPEST MBA IN CANADA
The USA: Entry-level MBA graduates in the USA can earn an annual salary ranging from USD 70,000 to USD 120,000. Mid-career professionals with MBAs can earn from USD 100,000 to USD 250,000+. Graduates from top-tier business schools we mentioned above often fetch higher salaries, sometimes exceeding USD 200,000 for entry-level positions.
Canada: Entry-level MBA salaries in Canada typically range from CAD 60,000 to CAD 100,000 annually. Mid-career MBA professionals can earn salaries from CAD 80,000 to CAD 150,000+. Salaries can vary significantly by city, with Toronto and Vancouver generally offering higher compensation.
The UK: Entry-level MBA salaries in the UK generally range from £30,000 to £60,000 annually. MBA professionals with some experience can earn from £50,000 to £100,000+. Salaries in London are typically higher due to the higher cost of living in the city.
Cheapest MBA Colleges In Vancouver
Here are some of the cheapest MBA Colleges in Canada for international students. The fee mentioned below is for international students. To get complete details like admission requirements, entrance tests, GPA requirements, etc., you may click on a button in the table below.
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PictureUniversity NamePrograms & ElectivesUniversity Details
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Enterpreneurship
Finance
Human Resource ManagementPrivate College
QS Rank – 5 Star
Fees: CAD 40,635 -
Financial Planning
Human Resources
International Business and LogisticsPublic University, Estd 1965
QS Rank – 1408
Fees: CAD 42,132.75 -
Corporate Finance
Marketing
Business AnalyticsPrivate College
QS Rank – 1485
Fees: CAD 43,295 -
Financial Management
Business Analyytics
Marketing ManagementPublic College
QS Rank – 318
Fees: CAD 63,320 -
Information Technology Project Management
Human Resources Management
AccountingPrivate College
Best Colleges In National Universities – 12
Fees: CAD 580 Per Credit
Studying in Canada sounds enticing, yet expensive. Check out our list of Cheap Online MBAs In Canada curated for you!
Why Study MBA In Canada?
Canada stands out as an ideal destination for international students, offering a plethora of compelling reasons to choose it as your study destination:
- Canada offers a high standard of living, offering international students the same rights and freedoms as Canadian citizens.
- From elementary to post-secondary levels, Canada is renowned for its high-quality education and research opportunities. With over 8,000 colleges and 16,000 university programs, international students have flexibility in choosing their educational path.
- Canada is an open, safe, and culturally diverse society, embracing more than 250 ethnic origins and over 200 languages.
- Access scholarships and work opportunities to support your education. Many programs offer co-op work placements or internships, providing hands-on experience. Tuition fees in Canada are generally lower than those in Australia, the U.K., and the U.S.
- Canadian qualifications are internationally recognized, offering a substantial return on investment. Whether you choose to stay in Canada or return home, your Canadian education and network will prepare you for future success.
- A significant number of international students who were employed during or after their studies became landed immigrants within 10 years.
- Immerse yourself in the richness of Canadian culture, social life, travel adventures, and experience all four seasons.
Fees Structure of Cheapest MBA Colleges in Canada
The cheapest MBA colleges in Canada typically offer programs with fees ranging from CAD 30,000 to CAD 55,000. Such programs provide quality education with more focus on practical experience and career development, making them an accessible option for both domestic and international students seeking low-cost MBA in Canada.
You may also want to check Different types of MBA in Canada
Eligibility For cheapest mBA in canada
Understanding the eligibility criteria for pursuing the cheapest MBA in Canada is crucial due to the diverse range of MBA programs available. While these conditions may vary based on the program, they generally offer more flexibility compared to prestigious institutions, often allowing for additional relaxations through pre-master courses and preparatory classes. Here are some key eligibility criteria to consider when exploring affordable MBA options in Canada:
- Bachelor’s Degree: A bachelor’s degree or its equivalent in a relevant specialization or subject related to your chosen MBA program in Canada is typically required.
- Work Experience: Relevant work experience in your field of study is preferable, though the specific requirements may vary.
- GMAT Scores: Many programs prefer good GMAT scores, with above-average and high scores increasing your chances of successful shortlisting. However, some universities and colleges may offer MBA programs without requiring GMAT scores.
- Language Proficiency: Proficiency in English is essential. Most programs accept scores from language proficiency tests such as TOEFL, IELTS, or PTE.
It’s important to note that these eligibility prerequisites are indicative, and actual requirements may differ based on the specific course offerings and the policies of the university. If you are considering pursuing an MBA in Canada without submitting GMAT scores, explore universities and colleges that do not require GMAT through our exclusive guide on cheapest MBA in Canada for international students without GMAT.
Documents Required
- Transcripts of all educational qualifications
- CV or Resume
- LOR (Letter of Recommendation)
- SOP (Statement of Purpose)
- IELTS/TOEFL Scorecards
- GMAT/GRE Scorecards
- Work Experience Certificate (if any)
- Intent Write-up
Application Process
- Choose your desired MBA course and identify the best university offering it.
- Visit the official university website for eligibility and admission process details.
- Upload scanned copies of required documents (transcripts, CV, IELTS/TOEFL, GMAT scorecards).
- Complete the application form and pay the fee.
- Attend an interview with university directors to showcase your soft skills.
- Upon receiving a conditional offer letter post-interview, secure your seat by paying a non-refundable deposit and agreeing to university terms and conditions.
- Or fill the form and our student advisor will guide you.
Cost of Living In Canada
Cost of living and cost of studying in Canada varies from province to province and depends on the university tuition fee. Other than this your choice of stay, transport, usage of electricity, and other expenses also highly affect the numbers and budget. We have covered this topic in detail in “Living Cost In Canada For International Students” here.
Why Vancouver for international students?
High Quality Education: It’s a home to world-renowned universities and colleges known for their high-quality education and research programs. University Canada West, University of British Columbia, Simon Fraser University, Vancouver Island University are some of them.
Affordable Cost of Living: Compared to the cities like Toronto, Vancouver is quite affordable and requires approximately CAD 2,500 to 3,500 a month.
- Food – CAD 300 to 800
- Public transportation monthly pass – CAD 100 to 199
- housing – CAD 1500 to 2,500
Safety: It’s one of the safest cities in Canada, making it a secure place to live and study. It’s known for low crime rates & well-trained police, strong public funded healthcare system, safe neighbourhood.
Strong Job Market: It offers opportunities for part-time work, internships, and post-graduation employment in various industries with competitive salaries.
Career Prospects After MBA
Obtaining a low-cost MBA in Canada is an achievable goal, especially with thorough research. The return on investment from an affordable college is notably attractive, offering promising job prospects upon graduation.
Upon earning your MBA degree, you can anticipate several career advantages, including:
- Alluring Promotion: Enhance your career prospects with the potential for an enticing promotion in your current workplace.
- Value Addition to CV: The MBA credential adds significant value to your curriculum vitae, making you a more attractive candidate to potential employers.
- Job Profile Change: Leverage your MBA to transition into a different job profile or industry, broadening your career opportunities.
- Entrepreneurial Ventures: Equip yourself with the skills and knowledge to kickstart your own business, realizing your entrepreneurial aspirations.
Here are specific job profiles aligned with various MBA specializations:
| MBA Specialization | Job Profile | Description | Average Salary (CAD) |
|---|---|---|---|
| Finance | Accounting Manager | Oversee financial activities and prepare reports. | 90,000 – 120,000 |
| Finance | Finance Analyst | Analyze financial data and provide strategic insights. | 70,000 – 100,000 |
| Finance | Risk and Insurance Manager | Manage and mitigate financial risks for organizations. | 80,000 – 110,000 |
| HR | Payroll Management | Handle payroll processes and ensure timely payments. | 65,000 – 90,000 |
| HR | Recruitment Specialist | Source, interview, and hire suitable candidates. | 70,000 – 100,000 |
| HR | Training and Development Officer | Plan and implement training programs for employees. | 75,000 – 95,000 |
| Marketing | Marketing Manager | Develop and execute marketing strategies. | 80,000 – 120,000 |
| Marketing | Market Research Analyst | Conduct research to assess market trends and consumer behavior. | 60,000 – 90,000 |
| Marketing | Product Manager | Manage the development and marketing of products. | 85,000 – 110,000 |
Frequently Asked Questions
No, opting for a low-cost MBA in Canada doesn’t necessarily mean compromising academic standards. Many affordable programs maintain high-quality education and accreditation. It’s essential to research specific institutions, ensuring they meet your academic and career goals.
Apart from tuition fees, consider expenses like accommodation, living costs, and study materials. Explore scholarship opportunities and financial aid. Ensure you meet eligibility criteria, including academic qualifications and language proficiency. Adhering to these requirements contributes to a smooth academic journey.
Yes, Canada provides part-time work opportunities for international students. While studying, you can work part-time on or off campus. It’s important to balance work commitments with academic responsibilities and adhere to the regulations outlined by your study permit.
Montreal, Laval, Calgary, Ottawa, Kingston, etc. are some of the cheapest cities to live in Canada.
Yes, all the low-cost MBA programs suggested here are recognized globally for their high educational standard and global curriculum.