MBA in Canada: Unlock Your Future with Study Abroad Consultancy

Blogs Study in Canada Blogs December 7, 2022

Table of Contents

Introduction

During the last decade, Canada has transformed itself into one of the leading global hubs for education. Taking an MBA course in the country can lead to a multicultural and academically stimulating environment, lucrative employment opportunities, easy steps toward obtaining permanent residency and citizenship, and numerous other advantages. Based on reports, MBA courses are in high demand in Canada, and therefore, there is an active interest in the cost of MBA courses in the country. To know more about MBA in Canada, connect with the best Canada study abroad consultants.

About Studying to MBA In Canada

International Recognition: Across the globe, Canadian business schools have a good reputation.
Best Colleges: Some of the finest colleges in Canada offering an MBA are Rotman from Toronto, Ivey from Western, and Schulich from York.
Duration: Programs vary between 12-24 months. These are available in all-time, part-time, and executive-type programs.
Eligibility: A bachelor’s degree, work experience, GMAT or GRE scores, and English proficiency.
Costs: CAD 30,000 to 90,000 is inclusive of tuition fees, respectively.
Post-Study Work in Canada: Canada also offers a post-graduation work visa wherein students can spend time post graduation at any place of their choice in the country to gain experience after studies.

Thus, Canada is one of the options, which offers quality education, excellent career prospects, and a multicultural environment.

Why Pursue an MBA in Canada?

International Recognition: Top-class international recognition of Canadian universities makes them renowned worldwide for academic excellence, offering MBAs well recognized by the international fraternity.

Work Opportunity after Graduation: “After graduation, students can apply for a post-graduation work permit to work in Canada for three years,” which gives excellent work experience or possibly other means towards permanent residence.

Tuition Fees: Compared to other destination countries for education such as the U.S. or the U.K., tuition costs of Canadian MBA programs are often considerably more affordable, making it a cost-effective option without compromise in quality.

Specializations: A broad range of specializations exists under Canadian MBA programs in fields such as finance and technology, healthcare management, and entrepreneurship, allowing the student to align his studies closely with future careers.

Great Employment Opportunities: The graduates programs of MBA in Canada hold excellent job prospects, and several students get placed in some of the worlds most renowned companies in finance, technology, consulting, and more.

It is a very open society, where students from all walks of life are welcomed, and therefore, it provides students with great opportunities to learn interculturally and develop international linkages.

Canada is one of the great countries that rank very high in quality of life with very great health, safety, and vibrant cities, hence a very great place to live and learn.

The MBA from Canadian institutions equips students with relevant skills and industry connections, as well as international work opportunities. Thus, it provides them with a high prospect of obtaining a career in a very supportive and thriving setting.

Types Of MBA In Canada in Study Abroad

There are three types of MBA in Canada, which meet the needs of different students. Here are some examples of each type:

Full-Time MBA: Full-time MBA programs in Canada last one to two years. These universities offer the opportunity for top faculty to work closely with global business leaders. In addition to field study, an integrated curriculum is offered to international students.
Part-time MBA: This MBA program is designed for professionals who wish to complete their degree while working concurrently.
Executive MBA: This program is specifically designed for students who are interested in working while studying in Canada and gaining practical experience. It is a three-month program.

Top Universities for MBA in Canada

Rotman School of Management – University of Toronto
Ivey Business School – Western University
Schulich School of Business – York University
Desautels Faculty of Management – McGill University
Sauder School of Business – University of British Columbia
Alberta School of Business – University of Alberta
Smith School of Business – Queen’s University
HEC Montréal – Université de Montréal
DeGroote School of Business – McMaster University
John Molson School of Business – Concordia University

These universities are recognized for their rigorous MBA programs, experienced faculty, and strong industry connections, making them top choices for MBA aspirants in Canada.

Top Courses Available MBA in Canada

Finance: Focuses on corporate finance, investment banking, asset management, and financial planning. Popular among those interested in high-growth careers in the finance industry.
Marketing: Covers digital marketing, consumer behavior, brand management, and sales. Ideal for students aiming to work in advertising, brand strategy, or market research.
Technology Management: Blends business with technology, focusing on IT management, digital innovation, and data analytics. Suited for students targeting roles in tech companies or IT consulting.
Entrepreneurship: Offers training in startup creation, business planning, venture funding, and innovation management. A strong choice for those who want to launch or manage their own business.
Healthcare Management: Specializes in healthcare policy, hospital administration, and healthcare finance. Ideal for those interested in the growing healthcare sector.
International Business: Focuses on global business strategies, trade regulations, and cross-cultural management. Great for students who aim to work in multinational companies or international trade.
Human Resources Management: Covers talent management, organizational behavior, and employee relations. Prepares students for roles in HR, recruitment, and people management.
Operations and Supply Chain Management: Teaches logistics, supply chain strategies, and process optimization. Best for those interested in manufacturing, logistics, and supply chain industries.

These MBA specializations in Canada allow students to tailor their studies to specific career goals and thrive in high-demand fields across industries.

Factors Influencing Cost Of Studying MBA In Canada

When you do not make a well-informed decision regarding all the details and factors involved, obtaining an MBA in Canada can be an expensive affair. In comparison to other countries, Canadian higher education is more affordable for international students. Due to its excellent educational quality and the availability of readily accredited Canadian degrees, students are encouraged to pursue further studies in Canada.

Students who complete an MBA program have the opportunity to follow a lucrative career path. However, you must first understand the MBA tuition fees in Canada. Furthermore, the number of Indian students opting to pursue higher education in Canada is increasing. Hence, before discussing the detailed cost of MBA in Canada in Indian Rupees, it is important to understand some of the major expense categories involved.

Tuition Fees

An MBA program in Canada is designed to provide students with a world-class education. Tuition fees at Canadian universities are affordable, making them an attractive option for international students from middle class backgrounds. Financial aid and scholarships are available to deserving students in order to reduce their financial burden. Tuition fees in Canada range from CAD 30,000 – 40,000 per year, which is significantly less than in other countries where students can study abroad.

Here are some of the leading MBA colleges in Canada and the estimated tuition fees they charge:

University Name	Business School/Duration of Program	Tuition Fee (CAD)
University of Toronto	Rotman School of Management (2 years)	66,210 (for year 1)
Queen’s University	Smith School of Business (1 year)	66,210 (for year 1)
University of British Columbia	Sauder School of Business (16 months)	66,210 (for year 1)
Brock University	Goodman School of Business (2 years)	34,175 (per year for 10 courses)
McGill University	Desautels Faculty of Management (1 year to 20 months)	99,500
York University	Schulich School of Business (16-20 months)	112,250
Concordia University	John Molson School of Business (16-24 months)	47,900
University of Ottawa	Telfer School of Management (2-year)	64,000-68,000

If you are interested in a low-cost MBA program in Canada, you have the option to choose from these several reputable institutions that offer this degree program. For more information, get in touch with skilled study abroad in Canada consultants.

Cost of Living MBA in Canada

Among the costs associated with an MBA in Canada are accommodation fees, transportation costs, and other personal expenses. The type of accommodation you choose depends on the city you decide to live in. Moreover, students have the option of living in university accommodation, in a private apartment, or in a shared homestay. It is estimated that expenses could range between CAD 950 and CAD 14,000 per year.

Typically, housing options in MBA colleges in Canada cost between CAD 3,000 and CAD 7,000 per year. A private room off campus can cost approximately CAD 8,500 per year. A monthly budget of CAD 300 is required for students to shop at local supermarkets, grocery stores, and have meals at restaurants in Canada.

Below is a breakdown of the same on a monthly basis:

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

However, living in Vancouver or Calgary may prove to be quite costly, thereby increasing the cost of an MBA degree in Canada. Accommodation in these cities can cost as much as CAD 2,200 per month. It is recommended that students visit Walmart and Canadian Superstores for the most affordable shopping opportunities.

Health Insurance: Study Abroad

The cost of health insurance in Canada is approximately CAD 864 per year. Most importantly, student health plans are available in some provinces for free or at a nominal cost. In general, students enrolled in MBA in Canada are required to have private health insurance.

Scholarships & Financial Aid MBA in Canada

Since MBA is a professional program, international students have limited opportunities to obtain financial aid. However, some students are eligible for scholarships based on their excellent academic record, work experience, and other accomplishments relevant to the program. In many cases, students are granted a partial waiver in recognition of their outstanding GMAT scores and other academic achievements. Additionally, candidates may apply to these popular scholarships to study in MBA in Canada:

Ontario Graduate Scholarships (OGS): This fellowship aims to provide high-quality education at the master’s and doctoral levels. The government funds it.
University of Waterloo Graduate Scholarship: This scholarship is awarded to students who are pursuing graduate studies at the University of Waterloo.
Central Sector Scheme of National Overseas Scholarship for SC etc. Candidates- (All countries except UK): It is awarded to students who prove themselves to be worthy of pursuing a master’s or doctoral degree abroad.
Scotiabank Scholarship: A scholarship of CAD 30,000 is provided by Scotiabank.
Go Clean Scholarship: The scholarship is awarded to meritorious students who want to pursue higher studies overseas.

In addition, various institutions offer scholarships such as the Claude Winspear MBA Award, the Accelerated Career Scholarship, the Robert Krembil Scholarship of Merit, etc.

For further assistance or queries students can contact us, Gateway International, and avail of our wide range of services for students on destinations like Study in USA, Study in UK, Study in Singapore , Study in Switzerland , Study in Australia, Study in netherlands, Study in ireland, study in New Zealand and many other countries.

Conclusion

The flexibility of Canadian visas and internship opportunities with management firms in turn attract half a million international students to Canadian colleges and universities every year. In case you are interested in studying abroad in MBA in Canada, do not hesitate to contact one of the best international education experts who would be happy to assist you.

FAQ’s

1. What are the general admission requirements for an MBA in Canada?

Typically, Canadian MBA programs require a bachelor’s degree, relevant work experience, competitive GMAT or GRE scores, and proof of English proficiency (e.g., IELTS or TOEFL).

2. How much does it cost to study for an MBA in Canada?

Tuition fees for an MBA in Canada range from CAD 30,000 to CAD 90,000, depending on the university and program. Additional living expenses, health insurance, and other personal costs may add CAD 950 to CAD 14,000 per year.

3. Are scholarships available for international students pursuing an MBA in Canada?

Yes, while financial aid options for MBA students are limited, scholarships based on academic merit and work experience are available. Examples include the Ontario Graduate Scholarship, Scotiabank Scholarship, and the University of Waterloo Graduate Scholarship.

Study MBA In Canada: Total Cost Of Study