MBA programs in Canada are popular among international students. Enrollment has grown by 50% in the past two years. This growth is mainly from countries like India. This is due to Canada's low cost and diverse post-study opportunities. Canada has over 40 universities that offer 100 or more top-ranked MBA programs. Canada is a top destination for business education and admission to top business schools is competitive. It requires a high GPA above 3.0 and a GMAT score above 550. These standards reflect the challenging academics of the programs.
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Top Factors That Determine Cost of Studying MBA In Canada
MBA in Canada for Indian students: fees, the cost of living, and other expenses are significant factors determining an international student's decision to study MBA in Canada. The cost of living can vary greatly depending on the student's lifestyle, budget, and spending habits. However, understanding the estimated MBA fee structure in Canada can give students an overview of the overall costs associated with studying in Canada.
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Types of Expense |
Cost |
|---|---|
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Application fee |
INR 3,020–INR 9,320 (CAD 50 - CAD 154 ) per application |
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Academic Test |
INR 15,470 - INR 22,400 per exam |
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Additional scorecard |
INR 1,500 - INR 2,850 per scorecard |
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Average tuition fee |
INR 24,16,590 – INR 60,71,690 (CAD 40,000 - CAD 1,00,500) per annum |
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Canadian student visa fee |
INR 9,170 (CAD 150) |
Canada MBA Fees for Indian Students
MBA fees for international students in Canada are a significant portion of the total MBA expenses in Canada. The exact cost of studying in Canada, especially for MBA specialisations, differs depending on what you choose and the university. However, the average tuition fee for MBA in Canada for Indian students ranges between INR 30 lakhs to 80 lakhs or CAD 49,750 to CAD 133,355 per annum.
As an international student, you can check the university's official website for the intake and academic year you want to apply. We have listed the best MBA colleges in Canada for Indian students with fees in the table below.
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University |
Official university website |
Average Tuition Fee |
|---|---|---|
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Ivey Business School, University of Western Ontario |
INR 74,61,000 (CAD 123,500) |
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Desautels Faculty of Management, McGill University |
INR 60,11,000 (CAD 99,500) |
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Rotman School of Management, University of Toronto |
INR 82,41,000 (CAD 136,410) |
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Smith School of Business, Queen’s University |
INR 62,89,000 (CAD 104,100) |
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Schulich School of Business, York University |
INR 67,81,600 (CAD 112,250) |
Living Expenses Along With MBA Expenses In Canada
After discussing MBA fees for international students in Canada, let’s get to the living expenses. These are major contributing factors to the cost of studying for an MBA in Canada. The table below lists all the essential and mandatory fees to be covered while staying in Canada as an international student. It is the average cost of studying for an MBA in Canada.
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Factors |
Average Monthly Cost |
|---|---|
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Accommodation |
INR 24,500 - INR 36,700 (CAD 400 - CAD 600) |
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Food & Grocery |
INR 12,053 - INR 18,000 (CAD 200 - CAD 300) |
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Transportation |
INR 6,000 - INR 15,000 (CAD 100 - CAD 250) |
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Internet |
INR 1,800 - INR 3,000 (CAD 30 - CAD 50) |
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Miscellaneous |
INR 36,200 - INR 42,200 (CAD 600 - CAD 700) |
Pre-Arrival Cost of Studying MBA in Canada
Pre-arrival costs include entrance exams and flight tickets. These costs are incurred while you prepare to gain admission into a Canadian university to study and after you gain admission. Hence, it is included in Canada MBA fees for Indian students.
Entrance exams
As an international student, you must pass the English language test with the minimum score specified by the university of your choice in Canada. IELTS and TOEFL are widely accepted. In addition, the GMAT/GRE have to be taken up. Canada MBA fees for international students do not include these costs. The costs associated with each exam are listed in the table below.
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Test |
Registration fee |
Total number of fee scorecards |
Cost per additional scorecard |
|---|---|---|---|
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INR 17,000 |
5 |
INR 1,500 |
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|
INR 16,900 (USD 202) |
4 |
INR 1,629 (USD 20) |
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INR 22,996 (USD 275) |
5 |
INR 2,850 (USD 35) |
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INR 22,550 (USD 270) |
4 |
INR 2,444 (USD 30) |
Tuition fee in Canada for MBA
Most Canadian universities require you to pay a first-year or first-term tuition fee for your MBA in advance. This is before you reach Canada. If your university accepts payments in instalments or requires payment of another fee before your date of joining, you may do so after reaching Canada. The average tuition fee ranges between INR 30,05,637 (CAD 49,750) and INR 80,56,620 (CAD 133,355) per annum.
Flight tickets
This is the next step after you gain an unconditional offer letter from a Canadian university and have your student visa ready. You must book air tickets from India to the city in Canada where you want to study. The tickets cost anywhere between INR 1,00,000 INR-2,00,00 per ticket. This is included in Canada MBA fees for Indian students.
Medical test
The Government of Canada requires international students to undergo medical tests. The reports must be submitted when applying for a student visa. The government office will specify the tests to undertake and the medical professionals. All the costs associated with it must be paid upfront.
Post-Arrival Cost of Studying MBA in Canada
After you reach Canada, there are certain costs that you must bear. We have detailed them below for your reference.
Cost of living in Canada
The living expenses have been detailed in the corresponding section above. The type of housing you choose and the city you live in are significant in deciding your cost of living. The table below lists the types of accommodation for international students in Canada to study for an MBA and its monthly costs.
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Type of Accommodation |
Cost per month |
|---|---|
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Dormitory |
INR 21,370 (CAD 350) - INR 36,640 (CAD 600) |
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Townhouse |
INR 15,300 (CAD 250) - INR 39,700 (CAD 650) |
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Shared apartment |
INR 24,400 (CAD 400) - INR 48,850 (CAD 800) |
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Unfurnished Apartment |
INR 18,300 (CAD 300) - INR 30,500 (CAD 500) |
From the Desk of Yocket
If you want to study an MBA in top-ranked colleges in Canada, you must know the costs. It will help you plan your education, streamline the process and manage any unforeseen financial situation. From housing to school and other primary selections, each decision in the study abroad process shapes your journey. Yocket's counsellors with 15+ years of experience offer personalised guidance tailored to your goals. They ensure informed choices at every step.
Explore Yocket Premium and use its resources and expertise to help you navigate the complexities. Our counsellors empower you to make informed choices. This sets the stage for a rewarding academic and professional experience. Contact us today to start your Canadian MBA journey. You can do so with confidence. You'll have the support needed to achieve your goals.