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There is a growing demand for higher education in Canada, especially among Indian students. Canada offers students world-class business institutions and high-quality education at relatively affordable prices. The MBA program in Canada is highly regarded around the world. It gives students practical business skills they can use in the workplace and gives them the tools they need to adapt to changing circumstances.
By taking an MBA at a suitable institution, one can develop insights and skills for greater managerial knowledge. You can build a profession in business management if you have knowledgeable teachers, incredible infrastructure, the right academics, and a degree that is recognized throughout the world.
One of the most sought-after programs, the Master of Business Administration (MBA) provides students with a variety of professional options. The MBA degree provides a thorough understanding of numerous management facets, its real-world applications, and experiential knowledge that encourages students to find workable business solutions.
A variety of MBA degrees are offered in Canada to suit the diverse interests and requirements of international students.
Full-Time MBA
Students have the option of studying full-time for the program's typical two-year term. The curriculum is best suited for a student who can focus exclusively on their studies. To be admitted to FT-MBA programs in Canada, candidates frequently need to take the GMAT and submit results from language tests.
Part-time MBA
Typically, it takes three to four years for students to finish the curriculum. You may finish the degree in as little as six years, though.
Executive MBA
The typical program length is 13 months, with both a personal and professional return on investment. Designed for executives and people wishing to enhance their studies who have managerial level experience.
Different Canadian universities offer MBA courses with a variety of specializations, among which the specialization in Finance is the most sought-after. A few of the most renowned universities in Canada for acquiring an MBA with a specialization in Finance are:
Program | Annual Fees in CAD | Annual Fees in INR |
MBA Management - Finance (McGill) | 98,878 CAD | 59.44 lakhs |
MBA Financial Management (Carleton) | 41,786 CAD | 25.12 lakhs |
MBA Finance (UAlberta) | 28,096 CAD | 16.89 lakhs |
MBA Finance (Laval) | 18,665 CAD | 11.22 lakhs |
MBA Financial Services (Dalhousie) | 19,430 CAD | 11.68 lakhs |
Program | Annual Fees in CAD | Annual Fees in INR |
MBA Specialisation in HR Management (UofT) | 135,208 CAD | 81.28 lakhs |
MBA in HR Management (Brock) | 68,086 CAD | 40.93 lakhs |
MBA in Strategic HR Management (USaskatewan) | 54,645 CAD | 32.85 lakhs |
MBA in HR Management (Ottawa) | 23,272 CAD | 13.99 lakhs |
Program | Annual Fees in CAD | Annual Fees in INR |
MBA in Business Analytics (McGill) | 98,878 CAD | 59.44 lakhs |
MBA in Business Analytics (McMaster) | 38,343 CAD | 23.05 lakhs |
MBA in Business Analytics (UAlberta) | 23,772 CAD | 14.29 lakhs |
MBA in Business Analytics (Laval) | 12,892 CAD | 7.75 lakhs |
MBA in Business Analytics (Carleton) | 29,477 CAD | 17.72 lakhs |
Program | Annual Fees in CAD | Annual Fees in INR |
MBA Management- Marketing (McGill) | 98,878 CAD | 59.44 lakhs |
MBA Marketing Management (Laval) | 10,995 CAD | 6.61 lakhs |
MBA Marketing (Brock) | 33,952 CAD | 20.41 lakhs |
MBA Marketing (York) | 27,880 CAD | 16.76 lakhs |
MBA with Marketing and Sales Specialization (Queen’s) | 12,842 CAD | 7.72 lakhs |
Program | Annual Fees in CAD | Annual Fees in INR |
MBA in International Business (UAlberta) | 28,096 CAD | 16.89 lakhs |
MBA in International Business (URegina) | 31,190 CAD | 18.75 lakhs |
MBA in International Business (York) | 82,858 CAD | 49.81 lakhs |
Check out the complete course guide of MBA specializations in Canada:
MBA Colleges in Canada | Course Name | Fees for Indian Students | Upcoming Application Deadlines |
University of Toronto | Full-Time MBA | INR 39,55,385 | Round 2- January 13, 2023 | Round 3- March 6, 2023 | Round 4- April 28, 2023 |
Queen’s University | Full-Time MBA | INR 60,99,454 | September 1, 2022 (Closed) |
Western University | Full-Time MBA | INR 59,70,296 | Round 6- January 9, 2023 |
McGill University | MBA in Business Analytics | INR 59,44,130 | January 15, 2023 | March 15, 2023 |
York University | Full-Time MBA | INR 16,76,125 | January 18, 2023 | April 12, 2023 |
University of British Columbia | Full-Time MBA | INR 53,79,945 | Round 2- January 10, 2023 | Round 3- March 14, 2023 |
University of Alberta | MBA In Finance | INR 16,89,507 | March 1, 2023 |
Concordia University | Full-Time MBA | INR 16,34,606 | September entry- March 1 | January entry- June 1, 2023 |
Dalhousie University | Full-Time MBA | INR 11,90,030 | Round 2- December 1, 2022 |
University of Montreal | Full-Time MBA | INR 17,94,780 | Round 2- January 15, 2023 | Round 3- March 15, 2023 |
McMaster University | Full- Time MBA | INR 21,82,939 | Round 2- December 1, 2022 | Round 3- February 28, 2023 |
Brock University | Full-Time MBA | INR 40,97,574 | March 1, 2023 |
Saint Mary’s University | Full-Time MBA | INR 27,24,719 | 1 April 2023 |
Simon Fraser University | Full-Time MBA | INR 36,73,519 | Round 2: January 29, 2023 |
University of Victoria | Full-Time MBA | INR 27,40,913 | April 30, 2023 |
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Cost factors rank among the most significant when evaluating the various course selection aspects. This wonderful advice will help you stay on top of the planned financial aspects if you want to pursue an MBA in Canada. In Canada, an MBA degree typically costs between CAD 30,000 and 40,000 per year. Depending on the candidate's lifestyle and selected accommodations, the cost of living could go up or down.
University | Annual Tuition Fees in CAD | Annual Tuition Fees in INR |
Concordia University | 27,191 CAD | INR 16,34,606 |
University of Alberta | 28,104 CAD | INR 16,89,507 |
McGill University | 98,880 CAD | INR 59,44,130 |
McMaster University | 33,331 CAD | INR 20,03,680 |
Queen's University | 101,464 CAD | INR 60,99,454 |
The University of British Columbia | 89,495 CAD | INR 53,79,945 |
University of Toronto | 65,797 CAD | INR 39,55,385 |
Western University | 99,315 CAD | INR 59,70,296 |
York University | 27,882 CAD | INR 16,76,125 |
University Name | QS World University Ranking 2023 | Average Fees Per Year | Popular Programs |
Memorial University of Newfoundland | 751-800 | CAD 24,000 |
Master of Business Administration (MBA) MBA in Social Enterprise and Entrepreneurship |
University of Victoria | =359 | CAD 39,330 |
Master of Business Administration (MBA) Juris Doctor + MBA |
Laval University | 433 | CAD 16,000 |
Full-Time MBA Executive MBA Part-Time MBA (MBA Global Business) |
University of Calgary | 242 | CAD 26,557 |
Full-Time MBA Executive MBA (Global Energy) |
Asper School of Business, University of Manitoba | 651-700 | CAD 48,300 | Asper MBA |
University of New Brunswick | 701-750 | CAD 12,850 |
MBA Juris Doctor MBA Sport and Recreation Management |
Wilfrid Laurier University | 855 | CAD 16,579 |
Full-Time MBA Part-Time MBA Full-Time + Co-op |
Saint Mary’s University | 566 | CAD 25,000 |
Full-Time MBA Part-Time MBA Executive MBA |
International students residing in Canada are expected to pay an average of 2,500 Canadian dollars, which is roughly equal to 1.5 lakhs. The cost of accommodation, books & materials, transport, food & beverages, etc make up the cost of living for an international student. Basic living expenses are as follows:
Expense | Cost of Living in Canada in CAD | Cost of Living in Canada in INR* |
Books and Material (yearly) | Up to 1,665 CAD | Up to 1 lakh |
Health Insurance (monthly) | 550- 915 CAD | 33,000 to 55,000 |
Food (monthly) | 250 CAD | 15,000 |
Transport (monthly) | 30- 65 CAD | 2,000-4,000 |
Entertainment (monthly) | 135 CAD | 8,000 |
Phone & Internet (monthly) | 30 CAD | 2,000 |
For MBA admission, most Canadian business schools require the following:
To cover this financial requirement, some international students need financial assistance. The MBA scholarships in Canada generally provide around 10,000 to 20,000 CAD (~5.94 to 11.88 lakh INR) to the students to cover their tuition expenses. Some of the popular scholarships to study MBA in Canada for Indian students are tabulated below:
MBA Scholarships in Canada | Eligibility | Benefits |
Women in Business Excellence Award | Various categories including Certified WBE, Corporate member and Open to all | Up to 10,000 CAD |
Sauder School of Business Entrance Scholarship | Awarded to candidates with the potential to make lasting impressions to Sauder’s global brand. | CAD 10,000 to CAD 15,000 |
Hari Varshney MBA Entrance Scholarship | Preferably international students with excellent academic scores and aptitude | Up to 50% tuition fees |
Madhu Varshney MBA Entrance Scholarship | International students demonstrating aptitude and academic merit | Up to 50% tuition fees |
Concordia Merit Scholarship | Based on academic merit | 10,000 |
MBA Admission Awards | Full-time MBA students at Degroote School of Business are automatically considered | 2,500-30,000 CAD |
Ontario Graduate Scholarship Program | Students enrolled in graduate studies in doctoral or master’s level at one of the 19 selected Ontario institutes | 5,000 per term up to a maximum of CAD 15,000 per academic year. |
Rotman School of Management Scholarships | All students admitted to Rotman School of Management are automatically considered for Rotman Entrance Awards and Fellowships |
Five Women in Business Excellence Awards of CAD10,000 Two Morning MBA Excellence Awards of CAD20,000 |
Alberta MBA Scholarships | High academic achievements, Excellence outside the classroom is also considered and GMAT Score | CAD 10,000 |
Schulich School of Business Scholarships | Offered to full-time students at Schulich based on their merit and academic performance | CAD 20,000 to CAD 33,000 |
Ivey MBA Scholarships | Based purely on merit and leadership qualities | Amounts ranging from $10,000 to half tuition |
Haskayne School of Business MBA Entrance Scholarships | Award is based on merit and takes into account GPA and GMAT scores. | CAD 5,750 per year or CAD 11,500 for two years |
Students at Canadian colleges have the chance to network with many outstanding and accomplished people in the business world. In Canada, international students live well and in a beautiful setting. International students have many options for employment in Canada, both on and off campus.
Build a better future in Canada! Contact Edmissions experts at edmissions.com to apply for your MBA program at the right university in Canada! To learn more reach us at [email protected]
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It is not possible to acquire an MBA in Canada without paying tuition, however there are numerous reasonably priced programs that are available at universities such as Laval University, Concordia University, University of Calgary, Ryerson University, University of Waterloo, etc.
Depending on the course and university you choose, an MBA in Canada can cost a range of prices. According to the MBA course fees at Canada's best business school, Rotman School of Management, MBA courses can cost anywhere from 34,000 CAD to 120,680 CAD. Additionally, there are numerous universities and business institutions in Canada that provide low-cost MBA programs to students from outside.
In Canada, the average mba salary is $32.75 per hour, or $63,853 annually. Most experienced workers earn up to $87,610 per year, while entry-level roles start at $51,946.
Some of the cheapest MBA Colleges in Canada are Memorial University of Newfoundland, University of Victoria, Laval University, University of Calgary, University of New Burnstick, Wilfrid Laurier University, Saint Mary's University.
MBA degree is one of the most highly sought after courses of study around the world, Canada included. International students are attracted to the MBA due to the employment opportunities that it can provide in Canada, which can lead to executive level positions.
Red River College Polytechnic - Winkler Campus
Est:1938 | Students:22000+
Study Group - Leeds Beckett University (International Study Centre)
Est:1992 | Students:23280+
Canadian Tourism College - Surrey Campus
Est:1980 | Students:0+
Sunstone Eduversity - Rayat-Bahra University [RBU], Mohali Campus
Est:2011 | Students:0+
Global University Systems (GUS) - Webster University - Orlando Campus
Est:1915 | Students:10000+
LaSalle College - Montreal Campus
Est:1959 | Students:17000+
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