According to research, Canada hosted 8,07,260 international students in 2022. This proves Canada has become an increasingly popular destination for international students seeking higher education at an affordable cost. The cost of an MBA in Canada can vary widely, with the tuition fees ranging from INR 18,36,000 to INR 73,42,500 (CAD 30000 - CAD 120000). However, several institutions offer high-quality MBA programs at a fraction of these costs, making it particularly attractive for budget-conscious students.
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Top 10 Cheapest MBA Colleges in Canada
Getting an MBA can be quite expensive, but there are several affordable options in Canada where you can get a great education without spending a fortune. Many of these programs are designed to provide high-quality learning experiences at lower costs, making them accessible to a wider range of students.
Some of the cheap MBA universities in Canada include:
- Memorial University of Newfoundland
- University of Victoria
- Laval University
- University of Calgary
- Asper School of Business, University of Manitoba
- University of New Brunswick
- Wilfrid Laurier University
- Saint Mary’s University
- University of Northern British Columbia
- University of Prince Edward Island
Let us discuss the specifications of each of these Canadian MBA universities:
1. Memorial University of Newfoundland
The Memorial University of Newfoundland offers one of the cheapest MBA in Canada for international students. It is the first business faculty in Atlantic Canada to be accredited by AACSB International - the Association to Advance Collegiate Schools of Business. The affordable MBA in Canada from MUN aims to provide students with fundamental business knowledge and leadership skills to meet their business-related goals.
|
QS World University Ranking 2024 |
641-650 |
|
Average Fees Per Year |
CAD 24,000 or INR 14,69,000 |
|
Popular Programs |
Master of Business Administration (MBA) MBA in Social Enterprise and Entrepreneurship |
2. University of Victoria
The University of Victoria is one of the affordable MBA colleges in Canada. The Sardul offers cheap MBA programs here. S. Gill Graduate School at the Peter B. Gustavson School of Business. It leads the students into new career avenues, such as socially-minded corporate leadership, community building, and entrepreneurship. The University of Victoria MBA graduates are highly sought-after by top recruiters.
|
QS World University Ranking 2024 |
322 |
|
Average Fees Per Year |
CAD 39,330 or INR 24,06,000 |
|
Popular Programs |
Master of Business Administration (MBA) Juris Doctor + MBA |
3. Laval University
Laval University is amongst the cheapest universities in Canada for MBA. The Faculty of Business Administration (FSA) is a well-equipped modern business school in Canada. The school has been leading in offering an affordable MBA in Canada since 1924. The Laval MBA balances high academic quality and professional relevance by closely interacting with the business world.
|
QS World University Ranking 2024 |
441 |
|
Average Fees Per Year |
CAD 16,000 or INR 9,78,900 |
|
Popular Programs |
Full-Time MBA Executive MBA Part-Time MBA (MBA Global Business) |
4. University of Calgary
The University of Calgary is one of Canada's most affordable MBA colleges. The low-cost MBA in Canada for international students is a highly regarded degree. The curriculum accommodates professionals seeking to earn a widely recognized credential in the private, not-for-profit, and public sector career paths. It offers several ways for students to customize their experience, including internships, specialization, etc.
|
QS World University Ranking 2024 |
182 |
|
Average Fees Per Year |
CAD 26,557 or INR 16,25,000 |
|
Popular Programs |
Full-Time MBA Executive MBA (Global Energy) |
5. Asper School of Business, University of Manitoba
The Asper School of Business under the University of Manitoba is among Canada's cheapest MBA colleges. It was established in 1968 and accredited by AACSB in 1999. The MBA from Asper School of Business maintains a tradition of quality instruction and mentorship in business fundamentals, decision-making methods, and leadership strategies. The MBA program here is designed to fulfill the market-driven demands of the modern industry.
|
QS World University Ranking 2024 |
671-680 |
|
Average Fees Per Year |
CAD 48,300 or INR 29,55,500 |
|
Popular Programs |
Asper MBA |
6. University of New Brunswick
The University of New Brunswick MBA program aims to develop innovative and entrepreneurial leaders. After completing the course, students can access several networking opportunities, business consulting projects, etc.. You may opt for a full-time or part-time MBA at the University of Brunswick based on your interests and preferences. The knowledgeable faculty members help you grow as a business and management professional.
|
QS World University Ranking 2024 |
711-720 |
|
Average Fees Per Year |
CAD 12,850 or INR 7,86,000 |
|
Popular Programs |
MBA Juris Doctor MBA Sport and Recreation Management |
7. Wilfrid Laurier University
Wilfrid Laurier University is among Canada's cheap business schools for international students. The objective here is to empower the students with the tools and skills necessary to succeed on the path of their choice. Each program has been designed around delivering the best student experience possible. All these have made Laurier #1 in terms of student satisfaction for the last four years by Maclean’s Magazine
|
QS World University Ranking 2024 |
N/A |
|
Average Fees Per Year |
CAD 16,579 or INR 10,14,000 |
|
Popular Programs |
Full-Time MBA Part-Time MBA Full-Time + Co-op |
8. Saint Mary’s University
The MBA program at Saint Mary’s University aims to bring forth responsible leadership while offering unique international and local business experiences. It helps in cultivating your innovative and entrepreneurial mindset through its various modules. These specially designed immersive MBA programs develop your ability to embrace uncertainty and successfully strive in the market.
|
QS World University Ranking 2024 |
N/A |
|
Average Fees Per Year |
CAD 25,000 or INR 15,30,000 |
|
Popular Programs |
Full-Time MBA Part-Time MBA Executive MBA |
9. University of Northern British Columbia
The University of Northern British Columbia’s MBA program is designed to give students the skills and knowledge to excel in today’s competitive business environment. It is an MBA program to be completed in 21 months. The curriculum covers essential areas such as leadership, strategic management, financial analysis, marketing, and operations management. The university ensures personalized attention and a collaborative learning environment. Students can network with peers, faculty, and industry professionals through various events and activities.
|
QS World University Ranking 2024 |
781-70 |
|
Average Fees Per Year |
CAD 24,000 or INR 14,68,000 |
|
Popular Programs |
Full-Time MBA Part-Time MBA Executive MBA |
10. University of Prince Edward Island
The University of Prince Edward Island offers a comprehensive MBA program to equip students with the skills and knowledge needed to excel in the global business environment. The curriculum emphasizes integrative management, with core courses in strategic leadership, financial management, marketing, and global business. Elective courses allow students to tailor their education to their specific career goals. The capstone project is a special feature of the program, which provides practical experience by solving real-world business problems.
|
QS World University Ranking 2024 |
N/A |
|
Average Fees Per Year |
CAD 25,000 or INR 15,30,000 |
|
Popular Programs |
Full-Time MBA Part-Time MBA |
Suggested: Explore top 20 MBA colleges worldwide for pursuing business education abroad.
What is the Cost of Studying MBA in Canada?
MBA journey in Canada offers a gateway to exceptional education and diverse career opportunities. Nevertheless, navigating the financial aspects of this esteemed journey can be daunting. Illustrated below is a table of the types of expenses one encounters on their study abroad MBA journey in Canada:
|
Cost Category |
Cost (CAD) |
Cost (INR) |
|---|---|---|
|
Tuition Fees |
$10,000 |
₹5,77,000 |
|
Accommodation |
$800/month |
₹46,200/month |
|
Utilities |
$100/month |
₹5,770/month |
|
Food and Groceries |
$300/month |
₹17,310/month |
|
Transportation |
$80/month |
₹4,620/month |
|
Books and Supplies |
$500/year |
₹28,850/year |
|
Healthcare and Insurance |
$200/year |
₹11,540/year |
|
Personal Expenses |
$200/month |
₹11,540/month |
|
Technology and Equipment |
$1,000 |
₹57,700 |
|
Extracurricular Activities |
$50/month |
₹2,885/month |
From the Desk of Yocket,
Tuition fees are a dominant factor amongst your expenses when considering the cost of studying in Canada. Low-cost MBA programs in Canada at top universities allow you to learn and explore world-class facilities and amenities and open the way to high-paying jobs in Canada!
Yocket Experts, with 15 years of experience, assists 10,000+ premium MBA finance aspirants. Our tailored support, from country selection to application navigation, ensures success. Trust Yocket for expert guidance on your finance career abroad and confidently turn your aspirations into reality. Explore Yocket Premium right away!
