Pursuing an MBA in Canada is a dream for many, but not all manage to turn it into reality. One of the prime reasons why students step back from studying abroad is the lack of enough financial resources. But the good news here is there are some of the cheapest MBA colleges in Canada. There are many options to pursue the cheapest MBA in Canada while experiencing this beautiful country on a budget. Renowned universities like Memorial University of Newfoundland, Laval University, University of Calgary, etc. offer some cheapest MBA programs in Canada. In this blog, we cover a list of MBA colleges in Canada with low fees and different programs offered to give a clear idea of the cheapest MBA in Canada for international students.
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Top 8 Cheapest MBA Colleges in Canada
The cost of an MBA in Canada varies depending on the duration, nature, structure, and popularity of the program. Furthermore, since a few provinces are French-speaking, the location and language of instruction have an impact on the costs charged. Although they might be low in terms of cost, the quality and effectiveness of the courses are kept intact. This is what attracts students worldwide to pursue a low-cost MBA in Canada.
Some of the cheap universities in Canada for MBA include:
- Memorial University of Newfoundland
- University of Victoria
- Laval University
- University of Calgary
- Asper School of Business, University of Manitoba
- University of New Burnstick
- Wilfrid Laurier University
- Saint Mary’s University
Let us discuss the specifications of each of these 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 fundamental business knowledge and leadership skills to the students to meet their business-related goals.
QS World University Ranking 2022 |
751 - 800 |
Average Fees Per Year |
CAD 24,000 |
Popular Programs |
Master of Business Administration (MBA) MBA in Social Enterprise and Entrepreneurship |
2. University of Victoria
University of Victoria is one of the best MBA colleges in Canada with low fees. The cheap MBA programs here are offered by the Sardul. 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 2022 |
334 |
Average Fees Per Year |
CAD 39,330 |
Popular Programs |
Master of Business Administration (MBA) Juris Doctor + MBA |
3. Laval University
Laval University is amongst the cheap universities in Canada for MBA. The Faculty of Business Administration (FSA) here 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 achieves a balance between high academic quality and professional relevance by providing close interaction with the business world.
QS World University Ranking 2022 |
414 |
Average Fees Per Year |
CAD 16,000 |
Popular Programs |
Full-Time MBA Executive MBA Part-Time MBA (MBA Global Business) |
Suggested: Complete guide to pursue 1 year MBA course in Canada!
4. University of Calgary
University of Calgary is one of the most affordable MBA colleges in Canada. The low cost MBA in Canada for international students here is a highly regarded degree. The curriculum is designed to accommodate 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 2022 |
235 |
Average Fees Per Year |
CAD 26,557 |
Popular Programs |
Full-Time MBA Executive MBA (Global Energy) |
5. Asper School of Business, University of Manitoba
The Asper School of Business under University of Manitoba is amongst the cheapest MBA colleges in Canada. It was established in the year 1968 and accredited by AACSB in 1999. The MBA from Aper 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 2022 |
601 - 650 |
Average Fees Per Year |
CAD 48,300 |
Popular Programs |
Asper MBA |
6. University of New Brunswick
The MBA program at the University of New Brunswick aims to develop innovative and entrepreneurial leaders. As a student one can access a number of networking opportunities, business consulting projects, etc. after completion of the course. You may either opt for a full-time or part-time MBA at the University of Brunswick based on your interest and preferences. The knowledgeable faculty members help you grow as a business and management professional.
QS World University Ranking 2022 |
651 - 700 |
Average Fees Per Year |
CAD 12,850 |
Popular Programs |
MBA Juris Doctor MBA Sport and Recreation Management |
7. Wilfrid Laurier University
Wilfrid Laurier University is amongst the cheap business schools in Canada 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 of the different programs 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 2022 |
N/A |
Average Fees Per Year |
CAD 16,579 |
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 2022 |
N/A |
Average Fees Per Year |
CAD 25,000 |
Popular Programs |
Full-Time MBA Part-Time MBA Executive MBA |
Tuition fee is a dominant factor amongst your expenses while considering the cost of studying in Canada. Low cost MBA program in Canada at top universities not only allow you to learn and explore world-class facilities and amenities, but they also open the way to high-paying jobs in Canada!
Frequently Asked Questions for Cheapest MBA Colleges in Canada
- Is MBA in Canada cheap?
Ans. Pursuing MBA in Canada for international students can be a costly affair. An MBA from the top universities in Canada can cost anywhere between CAD 40,000 to CAD 100,500. But there are certain cheap business schools in Canada for international students where the fees start from as low as CAD 12,000.
- Is the cheapest MBA in Canada worth it?
Ans. Surely yes! There are some best MBA colleges in Canada with low fees that offer quality education and training to mold the students into leading business professionals.
- What are the cheapest MBA in Canada for international students?
Ans. Apart from the above-mentioned ones the cheapest business schools in Canada include:
- University of Alberta
- Vancouver Island University
- University of Sherbrooke