MBA in Canada: Living Cost & Tuition Fees, Eligibility & Colleges for Indian Students

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Piyush
Piyush Kohli
Study Abroad Expert
Updated on May 4, 2022 18:38 IST

MBA in Canada

According to the QS World University Rankings 2021, six of the world’s top 150 universities are in Canada. Canada is one of the safest places in the world, and has been tagged as the world’s most educated country based on OECD data; for these reasons, Canada is becoming an attractive destination for international students. In 2021, according to new Immigration, Refugees and Citizenship Canada (IRCC) data, 621,565 international students held study visas for programs of duration six months or more. In this article, we will look at studies in Canada for an international student, and we will focus more on MBA degree. We will also inform you about the duration of the course, fee-structure, cost of living, eligibility criteria and post-study opportunities with respect to MBA programs in Canada.

Why Canada?

A booming economy, cultural diversity, and pro-immigration policies of this country attract students from across the globe. High living standards, affordable and quality education, multicultural society, and a dynamic and well-integrated labor market make this country a hot favorite among the international students. It is amongst the top five destinations in the world for pursuing higher education.

Major cities in Canada

  • Vancouver
  • Montréal
  • Québec City
  • Toronto

Advantages of Pursuing a MBA?

Whether you want to work at a managerial position, or as an entrepreneur, a good MBA degree will always help you manage a business more effectively. MBA is fruitful for those who want to gain managerial acumen. Companies prefer professionals who have good communication and interpersonal skills, along with the ability to solve complex problems in a competitive business environment.

Benefits of pursuing MBA from Canada are:

  • Admission and visa process are simple.
  • Education institutes/Colleges in Canada offer internationally recognized degrees at a relatively affordable cost.
  • Business programs offered by Canadian institutes give a boost to the careers of the MBA professionals, thus ultimately enhancing their earning potential.
  • The internship programs help the students to get an insight into the industry.
  • The MBA degree helps in gaining practical knowledge, which can be applied in real-world business scenario.

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Cost/Quality of Life

Canada offers a high-quality lifestyle to its citizens and the state provides various social services such as world-class health service. The average MBA tuition fee in Canada costs around $30,000 - $40,000, with a range of $16,000 - $90,000, which is lesser in comparison to what US universities charge. The overall MBA in Canada costs less than in the US.

Note: Quality of life also depends on the city and individual lifestyle.

MBA in top Business Schools in Canada

College/University

Duration

Tuition Fee (for 1st year)

Rotman School of Management

2 years

CAD 66,210

Queen’s Smith School of Business

1 year

CAD 133,355

York University – Schulich

2 years

CAD 56,125

McGill Desautel

20 months

CAD 49,750

University of Alberta

20 months

CAD 30,000

HEC Montréal

1 year

CAD 59,000

UBC Sauder

16 months

CAD 73,642

Ivey Business School

1 year

CAD 123,500

(Source: Shikshastudyabraod.com)

Colleges offering MBA in Canada

  • You can check out the most affordable colleges offering MBA in Canada here
  • Apart from this, you can also check out the list of universities offering MBA in Canada here
  • Check out the list of publicly funded MBA colleges in Canada here

Scholarships/Financial Aid

MBA, being a professional course, has a limited scope of fetching financial aid for international students. However, some students can get scholarships based on their excellent academic background, work experience, and other achievements relevant to the program. Many a times students are awarded part waiver because of their top score in GMAT and other academic achievements. Apart from this, candidates can apply to these popular scholarship programs:

Check out the list of MBA colleges offering scholarships in Canada here

Eligibility/Requirements for studying MBA in Canada

Some of the basic requirements for getting admission in MBA programs:

  • Bachelor’s degree: The candidate must have a bachelor's degree from a recognized university/institution.
  • Work experience: For MBA admissions, universities usually give preference to those candidates who have work experience. It is not a mandatory requirement; however, it gives an edge to the aspirants over others. Some universities may keep work experience as mandatory criteria. It is advisable for the candidates to check the admissions criteria well in advance to avoid last minute confusion.
  • English Language Proficiency: If the candidates belong to a non-native English-speaking country then they need to prove their English language proficiency. They need to secure a good IELTS or TOEFL score for securing admission.
  • GMAT: A good GMAT score is required to get into a top university/college to pursue an MBA program in Canada. Not only does it increase your chances of selection, but also opens up the doors for possible scholarships.

Most universities require candidates to submit a GMAT score for admissions. You need to visit the official GMAT website and register for the test. Also, every college has a different GMAT score requirement. So, you must check the average GMAT scores of the universities that you want to target and study hard accordingly.

Application Process

As the whole application process is quite lengthy make sure to apply at least 15 to 18 months before the beginning of your target session. Also, you can get the application forms for most of the universities on their official websites.

Documents required for the application process:

  • Academic record: It includes all documents related to your graduate program, including the transcripts.
  • Standard admission tests: GMAT test scores and English language proficiency test (TOEFL/IELTS) scores.
  • Bank statements and financial documents.
  • Work experience: Documents highlighting your work experience.
  • Letters of Recommendation from your existing and previous supervisors. It can be your current and previous managers/supervisors and your graduate faculty who have judged your work closely. Different universities have different requirements for Letters of Recommendation.
  • Admission Essay or Statement of Purpose: It is one of the key elements of the application. This helps the admissions committee to evaluate the aspirant.  
  • Visa documents: Documents related to visa.

Salary/Job opportunities after MBA

There is no dearth of opportunities for the right candidate. MBA graduates receive high salaries in various lucrative roles. After completing their MBA program, they can work in various sectors like:

  • Finance and Accounting
  • Consultancy
  • General Management
  • IT services
  • Healthcare Management
  • Education
  • Oil and Gas
  • Legal jobs

Apart from this, MBA graduates can also work for various departments of the Canadian government and help in running the administration effectively. Moreover, management graduates can also work in technical management, sales, marketing, product, and project management.

Post-Study Rules

International students who pursued their MBA from an institution approved by the provincial or territorial government are eligible to apply for a Post-Graduation Work Permit (PGWP). Those who are pursuing 2 year MBA program can stay up to three years after completion of their course. Also, the programs where time duration ranges from 8 months to 2 years, students can stay up to the length of the study program. Apart from this, qualified students can also apply for permanent residency through the Express Entry program.

Related Articles:

MBA in Australia

MBA in Germany

MBA in France

MBA in UK

MBA in Singapore

MBA in Sweden

MBA in New Zealand

MBA in Ireland

About the Author
Piyush Kohli
Study Abroad Expert

With a plethora of knowledge of the education domain, Piyush Kohli has been involved with study abroad for over 5 years and counting. He comes with prior experience on the complexities of the study abroad applicatio... Read Full Bio

Comments

(85)

M

M shahid

2 months ago

MSc in2009, work Exp. Of 10 years in teaching. Can I get admission and visa for Canada. I am 36 years old.

Reply to M shahid

A

Aprant Agarwal

a month ago

Hello Shahid. You can check your eligibility and CRS points on the official website of the Government of Canada. For your admissions, you will have to check the eligibility criteria of different courses offered by different universities. MBA details have been mentioned in this article.For underst...Hello Shahid. You can check your eligibility and CRS points on the official website of the Government of Canada. For your admissions, you will have to check the eligibility criteria of different courses offered by different universities. MBA details have been mentioned in this article.
For understanding how Express Entry Pool works, you can read this article: https://studyabroad.shiksha.com/tips-to-score-8777-on-the-ielts-articlepage-88333

S

Subhra Mondal

6 months ago

Can i do maba after completing part time mba

Reply to Subhra Mondal

P

Piyush KohliStudy Abroad Expert

6 months ago

Hi Subhra, you can go for a regular MBA, however, it is good to have a relevant work experience before pursuing MBA.

P

Piyush KohliStudy Abroad Expert

6 months ago

Hi Subhra, you can go for a regular MBA, however, it is good to have a relevant work experience before pursuing MBA.

S

Simran jeet

9 months ago

Hii sir
I have done msc mathematics along with bsc non medical degree of 3 yrs. I have teaching experience of more than 2 yrs . Can i take admission in mba in Canada , if not please suggest me some relevant courses.

Reply to Simran jeet

P

Pratiksha dhadve

10 months ago

Hii need to do MBA From Canada as working with MNC as financial analyst

Reply to Pratiksha dhadve

P

Piyush KohliStudy Abroad Expert

9 months ago

Hi Pratiksha, please refer to the list of universities offering MBA in Canada:
https://studyabroad.shiksha.com/canada/mba-colleges-dc
Also, check how to apply for UG & PG courses in Canada:
https://studyabroad.shiksha.com/application-process-for-canada-articlepage-1615

N

Namrata gupta

10 months ago

Hi
I have 2 years of certification in architecture and 3 years of b.com hons degree and a good Gmat score so how many years of work experience would be enough to get into top MBA university in Canada?

Reply to Namrata gupta

P

Piyush KohliStudy Abroad Expert

10 months ago

Hi Namrata, usually universities ask for 3-4 years of relevant work experience. Please refer to the below URL and check out the entry requirements of the universities offering MBA in Canada:
https://studyabroad.shiksha.com/canada/mba-colleges-dc

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