Canada has transformed into one of the leading global education hubs. Pursuing an MBA course in the country means taking a simple route towards a multicultural and academically enriching environment, lucrative employment opportunities, easy steps towards obtaining permanent residency and citizenship, and a host of other benefits. Considerable demand has been observed for MBA courses in Canada as per reports, and therefore, a growing interest in the cost of MBA in Canada.
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MBA in Canada Cost- Why Study Here?
Apart from the comparatively reasonable Canada MBA fees, what are the other reasons for pursuing your MBA in the country? For starters, Canada is home to some of the world’s most reputed and recognized universities that constantly rank high in the global rankings lists, including QS Research, Academic Rankings of World Universities, and Times Higher Education.
Coming back to the MBA fees in Canada, it should be mentioned that they are comparatively lower than similar courses in several countries, including the US and the UK. MBA fees in Canada for international students may stand at roughly CAD 10,000-35,000 annually, which is at least US$10,000 cheaper when you consider the average course fee of $45000 in the US.
In fact, the average cost of an MBA in Canada is lower than in Australia ($43,000) and the United Kingdom ($44,000). Almost half a million global students come to Canada annually, and the country offers ample opportunities to experience real multiculturalism along with political stability and a peaceful environment overall. The open and welcoming nature of the country and its citizens is another benefit.
Along with Canada’s reasonable MBA course fees, students can also expect quality education options at globally reputed universities. Studying in Canada is always a value for money experience for MBA students. Successful graduates may earn up to CAD 79,076 annually as an average salary. Entry-level salaries start from CAD 34,170 annually, going up to CAD 120,793 per year for experienced professionals.
Additionally, students may also expect comparatively easier visa and immigration processes in the country. The pathway is also more accessible for permanent residency and citizenship in Canada.
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MBA Fees in Canada at Leading Institutions
Coming to a low-cost MBA in Canada, you can take your pick from several reputed institutions offering this degree program to students. The MBA fees in Canada for Indian students may range between ₹11 to 59 lakh. The average cost of an MBA in Canada for international students ranges from CAD 30,000 to 40,000. Scholarships can help significantly reduce these costs, and it should be mentioned that Canada has 100+ leading institutions of higher education while employment rates have also increased for Canadian MBA graduates. Getting admission into a leading MBA program in Canada will naturally have some specific requirements.
Here’s taking a closer look at leading universities in Canada and the approximate tuition fees charged:
59 000 from fall 2022
Business School/Duration of Program
Tuition Fee (CAD)
University of Toronto
Rotman School of Management (2 years)
66,210 (for year 1)
Desautels Faculty of Management (1 year to 20 months)
Smith School of Business (1 year)
University of Western Ontario
Ivey Business School (1 year)
Schulich School of Business (16-20 months)
University of British Columbia
Sauder School of Business (16 months)
John Molson School of Business (16-24 months)
Department of Business (1 year)
54 000 until summer 2022
Rowe School of Business (23 months or longer)
DeGroote School of Business (20-28 months)
Goodman School of Business (2 years)
34,175 (per year for 10 courses)
Simon Fraser University
Beedie School of Business (16 months)
962.40 per unit
University of Ottawa
Telfer School of Management (2-year)
Saint Mary’s University
Sobey School of Business (16 months)
University of Victoria
Gustavson School of Business (2 years)
University of Calgary
Haskayne School of Business (2 years)
25,042.80 (for year 1)
University of Saskatchewan
Edwards School of Business (2 years)
University of Manitoba
Asper School of Business (2 years)
765.26 per credit hour
59 000 from fall 2022
Cost of Living in Canada
The annual cost of living in Canada ranges from CAD 18,000 to 20,000. Here’s the monthly breakdown of the same:
Cost (in CAD)
Accommodation with utilities
Phone & Internet
Pre-Arrival Cost for MBA in Canada
The pre-arrival cost for MBA in Canada would roughly come out to ₹8 lakh. It would include standardized tests cost, one-way flight tickets, visa fees, university application fees, the purchase of GIC (Guaranteed Investment Certificate), and health insurance.
Affordable MBA Programs in Canada
The type of MBA programs in Canada that can be pocket-friendly include Executive MBA, Part-Time MBA, Dual Degree MBA, and Full-Time MBA.
Here’s a list of universities offering affordable MBA programs in Canada\
Fees ( for the entire duration in CAD)
Memorial University of Newfoundland
Wilfrid Laurier University
University of Alberta
Vancouver Island University
720.00 per credit
Pursue an Affordable MBA in Canada with upGrad Abroad
upGrad Abroad in collaboration with IMT Ghaziabad and University Canada West (UCW) has introduced a 26-month-long MBA program. This program allows students to study a part of their course online and complete it on campus in Canada. The program enables savings of up to ₹10 lakh.
Other benefits include:
- Certificate from IMT, Ghaziabad, and a Master’s Degree from UCW
- Eligible to apply for a Post-Graduation Work Permit (PGWP)
- Online Sessions and Live Lectures
- Learn from World-Class Faculty Members and Industry Experts
- Career Essential Soft Skills Program
- Timely Doubt Resolution
- IELTS Prep Provided by upGrad
Frequently Asked Questions
A. One needs to consider the ROI when thinking about the cost-effectiveness of a program. So, yes, an MBA in Canada is expensive, and the tuition costs may go up to CAD 105,000 for the two-year course. But one also needs to be prudent when analyzing the salary packages and opportunities offered upon course completion. A. On average, one may spend CAD 30,000-40,000 on pursuing an MBA degree in Canada. The figure only includes the cost of study. Once clubbed with the cost of living, it will come out to CAD 50,000-60,000.
Q. Is an MBA in Canada expensive?
Q. What is the average cost of an MBA in Canada?
A. One needs to consider the ROI when thinking about the cost-effectiveness of a program. So, yes, an MBA in Canada is expensive, and the tuition costs may go up to CAD 105,000 for the two-year course. But one also needs to be prudent when analyzing the salary packages and opportunities offered upon course completion.
A. On average, one may spend CAD 30,000-40,000 on pursuing an MBA degree in Canada. The figure only includes the cost of study. Once clubbed with the cost of living, it will come out to CAD 50,000-60,000.
Important Resources to Read About Canada:
✓End to end Visa/Application support