How Much Does it Cost to do Mba in Canada

Canada is one of the top five countries worldwide to get an MBA. It has become only one of the top destinations for higher education. It also features on our list of top ( top five) countries to study abroad. based on inputs from MBA Candidates whose first destination is to study MBA program. 

However, in this article,  we will explain the MBA program in Canada with complete guidelines including how much it costs to do an MBA in Canada?, Application requirements,  Eligibility,  Job opportunities, top MBA university, and more facts. 

Why MBA IN Canada

MBA in Canada is accredited globally and it is the first destination for international business administration students.  

Canada offers you a lot of reasons to pursue your MBA course program. Some of these include: 

World-ranked Institutions: As per QS MBA Rankings (2022), Nine comprehensive universities in Canada are ranked in the top 100 global universities for MBA. 

Post-study work opportunities: Canada offers Post-study work opportunities With the Canadian Govt encouraging various SMEs. There are increased work opportunities for Master’s Business administration graduates in Canada.

How-Much-Does-it-Cost-to-do-Mba-in-Canada

Predominant financial sector: Canada has a lot of predominant financial sectors. Because of that Canada is only best well-known for its MBA program

However, the Canadian financial services sector is quite strong. It grew approximately 12.7% in the past Decennial. 

Promising course option: A Canadian Master’s Business Administration degree is counted among the top ten subjects with the highest salaries.  

Easy to Colonize: MBA program in Canada is highly proposed by all international students who desire to colonize with a work permit With friendly work policies.

How much does the cost of an MBA in Canada

To study MBA in Canada, the average MBA cost ranges between $30,000 USD – $40,000 USD, which is considered cheaper than in Australia,  Japan, the UK, the USA, and other study abroad countries. Usually, the completeness of an MBA Course-program takes about 2 years.

 Low-Cost MBA in Canada

Here are the top 10 Universities list Low-cost MBA in Canada:

University Program Type Average cost 
McMaster UniversityOnline Blended MBACA$19,164
University Canada WestOnline MBACA$35,100
Dalhousie UniversityOnline Blended MBACA$47,600
University of AlbertaOnline MBA CA$31,600-CA$73,700
Queen’s UniversityExecutive MBACA$106,000
Wilfrid Laurier UniversityOn Campus 16,994.12
University of New BrunswickOn Campus$9450 to $11,912

Most Affordable MBA Programs in Canada

The MBA program in Canada is a pocket-friendly course program. There are a few kinds of MBA programs available for domestic & international students: Executive MBA, Dual Degree MBA, Part-Time MBA, and Full-Time MBA.

Below we mentioned a list of universities offering affordable MBA programs in Canada. 

University / Institute Fees
Vancouver Island University720.00 per credit
University of Prince Edward Island6,822 CAD
Memorial University of Newfoundland9,666
University of New Brunswick$9450 to $11,912
University of Saskatchewan11,460 CAD
University of Manitoba14,700 CAD
Wilfrid Laurier University16,994.12
University of Northern British Columbia$23,818.20
University of Alberta28,281
Most-Affordable-MBA-Programs-in-Canada

MBA in top Business Schools in Canada

Here is a list of MBAs in Top Business Schools in Canada. 

Rotman School of Management

Program Details

Program Type: Full-Time MBA

Tuition fees: $102,100 USD

Duration: 2 years

Scholarship: Available 

Rotman School of Management

Program Details

Program Type: Morning/Evening MBA

Tuition fees: $109,970 USD

Duration: 32 months

Scholarship: Available

Ivey Business School MBA

Program Details

Program Type: Deferred Admission- Available

Tuition fees: $101,500 USD

Duration: 12 months

Scholarship: Available

Ivey Business School MBA

Program Details

Program Type: Accelerated MBA

Tuition fees: $61,000 USD

Duration: 8 months

Scholarship: Available

Queen’s Smith School of Business

Program Details

Program Type: Full-Time MBA

Tuition fees: $71,445 USD

Duration: 12 months

Scholarship: Available

Queen’s Smith School of Business

Program Details

Program Type: Accelerated MBA

Tuition fees: $81,000 USD

Duration: 12 months

Scholarship: Available

York University

Program Details

Program Type: Schulich Full-Time MBA

Tuition fees: $99,400 USD

Duration: 24 months

Scholarship: Available

York University

Program Type: Schulich International Part-time MBA

Program Details

Tuition fees: $99,400 USD

Duration: 20 months

Scholarship: Available

HEC Montréal

Program Details

Program Type: Full-Time MBA

Tuition fees: $33,200 USD

Duration: 12 months

Scholarship: Available

McGill Desautel

Program Details

Program Type: Full-Time MBA

Tuition fees: $89,000 USD

Duration: 20 months

Scholarship: Available

MBA-in-top-Business-Schools-in-Canada

McGill Desautel

Program Details

Program Type: Professional MBA (Part-Time)

Tuition fees: $79,500 USD

Duration: 32 months

Scholarship: Available

UBC Sauder

Program Details

Program Type: Professional MBA (Part-Time)

Tuition fees: $56,000 USD

Duration: 24 months

Scholarship: Available

UBC Sauder

Program Details

Program Type: International MBA (Part-Time)

Tuition fees: $54,000 USD

Duration: 20 months

Scholarship: Available

 University of Alberta

Program Details

Program Type: Part-Time MBA 

Tuition fees: $51,020 USD

Duration: 6 years 

Scholarship: Available

UBC Sauder

Program Details

Program Type: Fast Track MBA

Tuition fees: $1,220 USD

Duration: 10 months

Scholarship: Available

Best MBA college  in Canada

Below, a list is a comparison between the top 20 Business Schools in Canada based on tuition fee, GMAT Score, program type, and Location available:

1. Queen’s Smith School of Business, 

Program Details

Tuition fees: $102,100 USD

GMAT Score: 654

Program Type: Part-time, Full-time, Executive, and Dual Degree

Location: Kingston

2. The University of Toronto

Tuition fees: $131,120 USD

GMAT Score: 670

Program Type: Part-time, Full time, Executive, and dual degree 

Location: Toronto

3. McGill University – Desautels Faculty of Management

Program Details

Tuition fees: $99,500 USD

GMAT Score: 675

Program Type: Part-time, Full time, Executive, and dual degree

Location: Montreal 

4. Western University – Ivey Business School

Program Details

Tuition fees: $120,500 USD

GMAT Score: 680

Program Type: Full-time, Executive, dual degree 

Location: London

5. Concordia University – John Molson School of Business

Program Details

Tuition fees: $41,500 USD

GMAT Score: 640

Program Type: Part-time, Full time, Executive, and dual degree

Location: Montreal

6. York University – Schulich School of Business

Program Details

Tuition fees: $106,900 USD

GMAT Score: 660

Program Type: Part-time, Full time, Executive, and dual degree 

Location: Toronto

7. HEC Montréal

Program Details

Tuition fees: $54,000 USD

GMAT Score: 625

Program Type: Part-time, Full time, Executive, and dual degree

Location: Montreal

8. UBC Sauder School of Business

Program Details

Tuition fees: $90,057 USD

GMAT Score: 650

Program Type: Part-time, Full time, Executive, and dual degree 

Location: Toronto

9. Alberta School of Business

Program Details

Tuition fees: $60,000 USD

GMAT Score: 650

Program Type: Part-time, Full time, Executive, and dual degree 

Location: Edmonton

Best MBA college  in Canada

10. McMaster University – DeGroote School of Business

Program Details

Tuition fees: $86,000 USD

GMAT Score: 580-700

Program Type: Part-time, Full-time, Executive

Location: Burlington

11. Sobey School of Business

Program Details

Tuition fees: $43,000 USD

GMAT Score: 590

Program Type: Part-time, Full time, Executive, and dual degree

Location: Halifax

12. University of Ottawa – Telfer School of Management

Program Details

Tuition fees: $64,000 USD

GMAT Score: 510-720

Program Type: Part-time, Full time, Executive, and dual degree

Location: Ottawa

13. Brock University – Goodman School of Business 

Program Details

Tuition fees: $70,317 USD

GMAT Score: 550+

Program Type: Part-time, Full time, Executive, and dual degree

Location: St. Catharines

14. The University of Calgary – Haskayne School of Business

Program Details

Tuition fees: $29,087 USD

GMAT Score: 550+

Program Type: Part-time, Full time, Executive, and dual degree

Location: Calgary

15. Wilfrid Laurier University

Program Details

Tuition fees: $49,738 USD

GMAT Score: 550-640

Program Type: Part-time, Full time, Executive, and dual degree

Location: Toronto/Waterloo

16. University of Victoria

Program Details

Tuition fees: $38,419 USD

GMAT Score: 550+

Program Type: Full-time, executive, and part-time

Location: British Columbia

17. Simon Fraser University – Beedie School of Business

Program Details

Tuition fees: $58,058 USD

GMAT Score: 615

Program Type: Full-time and Part-time

Location: Vancouver

18. Ryerson University – Ted Rogers School of Management

Program Details

Tuition fees: $47,391 USD

GMAT Score: 550-750

Program Type: Full-time and Part-time MBA

Location: Toronto

19. Edwards School of Business  

Program Details

Tuition fees: $54,854 USD

GMAT Score: 550+

Program Type: Full-time and Part-time MBA

Location: Saskatchewan

20. Rowe School of Business

Program Details

Tuition fees: $82,205 USD

GMAT Score: 550+

Program Type: Online, corporate residency, Dal MBA

Location: Halifax

 Eligibility

  • For admission to an MBA program,  candidates must have earned a bachelor’s degree or equal Degree from a recognized academic institution. 
  • An average of 3-5 years of job experience (might not be required by a few universities)
  • A Legal  GRE or GMAT score, as well as English language ability scores such as TOEFL/ IELTS, are also necessary.
  • The candidates must have a  minimum CGPA or grade point average Individualized by the university of choice.
  •  LORs (Recommendation Letters)
  • Objectives and Goals

Admission Requirements in Top Colleges & Application Process

It is not difficult to apply for admission in Canada to the MBA program.  Usually, Applicants can apply directly on the Canadian business school’s website. They can also contact the Business administration department of their selected B-schools for assistance if applicants are unsure about the method.

To apply for MBA in Canada, follow the same steps:

Step-1: First of all, Visit the Colleges/ universities’ official websites.

Step-2: Acknowledge the university scholarship’s narrow requirements.

Step-3:Collect  all of the necessary documents.

Step-4: Take the necessary test exams like  IELTS and GMAT. 

Step-5: Online application and registration for admission are required.

Step-6: Wait for confirmation messages from the university/College.

Salary/Job opportunities after MBA

Canada is well-known as one of the most powerful economies in the world. Top business organizations such as McKinsey, EY, KPMG, Morgan Stanley, HCL Technologies, Deloitte, Infosys, Microsoft, Google, and  Apple Inc. Here are some of the best career options for Masters’s business administration (MBA) professionals in Canada:

Marketing Analyst

Marketing Analyst is a comprehensive demandable job. Usually, Candidates can be Marketing Analysts after a Master’s Business administration in marketing. 

Market data and Consumer data are used by marketing analysts to assess risk, track, and analyze the competition. The average salary of a marketing analyst is around CA$ 40,000 to 70,000 a year.

Financial Manager

A Financial Manager is a high-profile Professional Job. It is also offered to an Ambitious with a Masters’s Business Administration degree in Finance as a specialization. The average Median salary ranges around $134,180 USD annually.

Recruitment Specialist

The recruiter is duty-bound for the onboarding of various non-IT and  IT requirements. The entire employee lifecycle is Obeyed, including screening, sourcing, joining, recruitment, exit, and onboarding formalities by a Recruitment Specialist. The average salary of a Recruitment Specialist is around $51,398 per year. 

Financial Analyst

Financial Analyst is one of the best jobs in the world. There are a lot of facilities for job opportunities without experience in a Canadian Business Company.  

The average salary in Canada for a Financial Analyst is C$59913.

Marketing Coordinator

Marketing Coordinator is a great job opportunity in the Corporate sector. 

Here the professional needs to coordinate with the marketing analyst and the sales team to track the revenue and sales of the organization. The average salary offered is CA$ 37,000 to 56,000 a year.

Sales Manager

A Sales Manager is an important Job profile in a Corporate office,  offered to a professional MBA with a specialization in the marketing sales sector. The job roles are market research, business development, revenue generation, and team handling. The average salary ranges from $ 41,000 to 110,000 in a year.

Human Resource Director

The average salary is $107,500 USD a year. The Human Resource Director will be responsible for creating the strategies, policies, regulations, and various organizational rules.

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