Cheapest MBA in Canada for International Students

Pursuing higher education abroad, especially in a country like Canada, is a precious dream of many students. After all, the place is famous for its quality education, good living standards, and multicultural diversity.

This fancy dream is often curtailed due to a lack of financial resources. Well, not anymore! Canada is a country that offers world-class MBA programs at an affordable price. 

Here’s a list of the cheapest MBA in Canada for international students that will turn your dreams into reality!

Subject Background

Master in Business Administration, or MBA, offers students a holistic education in management and the business sector. The MBA program is designed to help students understand the basics of management, leadership, critical thinking, data analytics, marketing, and finance.

Moreover, this degree allows a student to gain specialization in specific fields and subjects like:

  • Finance
  • HR
  • Marketing
  • IT
  • International Business
  • Operations

Most international students undertake an MBA because of the resourceful chances of growth it presents post-course completion. So, if you want to step up on the ladder of executive positions, MBA is the way to go! 

Besides, a degree of MBA from Canada is globally recognized, so it will help you improve your career graph. Though, what will make you stand out is the chance to gain hands-on experience in the industry through internships. Canadian business schools offer MBA programs at an affordable price and several windows of opportunity.

The markets in Canada are ripe with abundant employment opportunities, with the employment rate being 62.3% as of February 2022. So, post your course completion, you can find yourself a well-paying job in this multicultural country!

If you are on the lookout for the cheapest MBA in Canada for international students, you will find plenty that offers excellent courses.

Job Prospects after Completion of Cheapest MBA in Canada

A low-cost MBA in Canada is genuinely not so difficult – not if you do apt research on your own. Moreover, once you pass out from an affordable college, the return on investment is quite attractive. 

With a well-defined goal in your mind, you can strive to gain impressive job prospects after an MBA degree. 

A degree in MBA will help you:

  • Get an alluring promotion at work
  • Add value to your CV
  • Aid you in changing your job profile
  • Help you kickstart your own business and become an entrepreneur

If you wonder which specific job profiles are meant for you, let’s look.

If you pursue MBA in Finance, you can become a:

  • Accounting Manager
  • Finance analyst
  • Risk and insurance manager

MBA degree in HR will open up job avenues in fields of:

  • Payroll management
  • Recruitment
  • Training and development

Undertaking MBA in Marketing will allow you to pursue the role of:

  • Marketing manager
  • Market research analyst
  • Product manager

Moreover, your MBA degree in Canada will allow you to sit for placements with top recruiters like:

  • IBM
  • Microsoft
  • EY

Top Universities Offering the Cheapest MBA in Canada

MBA is one of the most sought-after educational courses. So, if you choose to pursue it in Canada, it will allow you to gain high-quality education in a multicultural environment.

Furthermore, the high employment rate in Canada is a huge advantage. That said, higher education in Canada could be an expensive affair. Although, you can find the choicest options for the cheap MBA colleges in Canada! 

Let’s take a look.

University of Ottawa

The Telfer School of Management under the University of Ottawa offers an MBA program in two broad formats.

  • Intense MBA in 1 year offered only in English.
  • Professional MBA program in 2 years offered in both English and French.

Additionally, there is one executive MBA for mid and senior career executives; a joint JD-MBA option that combines MBA and common law; a joint LL.L-MBA option to pursue both MBA and Licentiate in Law. Moreover, if you desire to, there’s a graduate diploma in leadership and management.

The university ranks in 230th position as per QS World Ranking, and the business and management studies subjects fall between 351-400 rank. Getting into this university is a bit hard, given the general acceptance rate of 24%.

So, if you were searching for low fees MBA colleges in Canada, Telfer School of Management is the one! The program costs around $64,000 for an intensive MBA and $68,000 for a professional MBA. The monthly expenses in Ottawa are expected to be around $1,11.30.

Excited to go to the University of Ottawa? Take a quick look at its renowned list of alumni!

  • France Chretien – a prominent lawyer
  • Andre Desmarais – CEO and President of Power Corp. Canada
  • Daniel Lamarre – COO and President of Cirque de Soleil

University of Calgary

The University of Calgary, through the Haskayne School of Business, offers management courses to students with a 4-year degree in any discipline. There are over 20 course-based programs in the field of management. 

The daytime traditional MBA program is full-time for 2-year. The university also offers an evening MBA, a 3-year program with two evenings of classes per week and one extensive study week per semester. 

The university is ranked at 235th position globally, as per QS World University Ranking. Its QS subject ranking for business and management is between 201-250. The school has a moderate acceptance rate of 56%, so you stand a decent chance of getting accepted.

Haskayne School of Business offers one of the most affordable MBAs in Canada, with a tuition fee of $3,644.19 (per 3 units). Additionally, your monthly Calgary living expenses will fall to around $1,303.92.

The business school is well-connected with the industry as well. 86% of MBA graduates get full-time employment two months post-graduation.

The university also boasts of great alumni like:

  • Jonathan Scott – Property Brothers actor
  • Jinder Mahal – professional wrestler
  • Naheed Nenshi – Mayor of Calgary

University of Victoria

The University of Victoria offers two MBA programs via the Gustavson School of Business. One is a full-time 16-month long daytime MBA program. Another is a 24-month long weekend MBA program that runs one weekend per month. 

The university is ranked at 334th position globally. In terms of business and management studies, the ranking floats between 451-500. 

The university’s acceptance rate stands at 64% for students from all branches.

It is one of the cheap universities in Canada for MBA, with its tuition fee at $53,647.54, along with a $2000 non-refundable deposit. You would have to pay around $12,418 for a single-room dormitory and meal plan.

The business school has good ties with some well-named companies like Deloitte, EY, Scotiabank, Nokia, Starfish Medical, etc.

Let’s take a look at the notable faculty of the university:

  • Stewart Butterfield – co-founder of Flickr
  • Ryan Holmes – founder of Hootsuite
  • Jeff Mallett – former president and COO of Yahoo!

Frequently Asked Questions

Q1. Is there a low-cost MBA in Canada?

Yes. Pursuing MBA in Canada is one excellent option for anyone looking to undertake an affordable degree as an international student. The tuition fees and living expenses in Canada are low for domestic and international students.

Moreover, you will study in a lustrous English and French environment in the world’s most developed country.

Q2. Is it easy to get into an MBA university in Canada?

An above-average GMAT score with a good TOEFL, IELTS and PTE score can help you pursue an affordable MBA in Canada at an excellent university.

Q3. What is the stay-back option post-MBA in Canada?

If you are eager to work in Canada after pursuing MBA, you can get a Post-Graduate Work Permit (PGWP). The permit will allow you to stay back for around three years, depending on your program duration.

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