Affordable MBA Colleges in Canada for Indian students 2024

Affordable MBA Colleges in Canada for Indian students 2024

Edited By M Anusha | Updated on Jun 11, 2024 02:16 PM IST

Canada offers some of the best affordable MBA programmes for international students. The MBA colleges in Canada are not only budget-friendly but also well-renowned for their world-class education, excellent job opportunities and career growth. The average cost of the cheapest MBA course in Canada range from Rs 20 to 40 lakhs.

Affordable MBA Colleges in Canada for Indian students 2024
Affordable MBA Colleges in Canada for Indian students 2024

When compared with MBA in USA and MBA in UK, both the cost of studying and living expenses are lower in Canada. This is why many people choose MBA in Canada and you can also find a good percentage of international students in your MBA course. Supporting your education, many universities, government and private organisations offer you plenty of MBA scholarships in Canada.

The University of Manitoba and the University of Brunswick are some of the best affordable MBA colleges in Canada 2024, as they rank in the top 251+ QS Global MBA Rankings. For your purpose, the list and the details of the best affordable MBA Colleges in Canada 2024 are given in the article below.

Most Affordable MBA Colleges in Canada

There are many business schools and colleges in Canada that offer MBA in affordable range. The cost of these MBA programs will vary based on the duration, course structure popularity, etc. The details of the affordable MBA in Canada for international students are given in the table below. Along with the universities, their MBA rankings and fees for the whole program are also mentioned.

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List of Most Affordable MBA Colleges in Canada 2024

University

MBA Program Fees

MBA Fees in Rs.

University of New Brunswick (UNB)

CAD 34,026

Rs. 20.66 lakhs

Laval University

CAD 35,310

Rs. 21.44 lakhs

Memorial University of Newfoundland

CAD 36,947

Rs. 22.44 lakhs

University of Northern British Columbia

CAD 44,988

Rs. 27.32 lakhs

University of Manitoba

CAD 47,200

Rs 28.66 lakhs

Cape Breton University

CAD 49,290

Rs 29.93 lakhs

Toronto Metropolitan University

CAD 53,804

Rs 32.67 lakhs

Saint Mary’s University

CAD 58,500

Rs 35.53 lakhs

University of Saskatchewan

CAD 68,188

Rs 41.41 lakhs

University of Waterloo

CAD 68,625


Rs 41.67 lakhs

University of New Brunswick (UNB)

New Brunswick is a public university focused on discovery and innovation since 1785. The faculty of business in the UNB offers MBA and undergraduate business degrees. The business courses here are designed to deliver the essential skills and confidence for today's complex and global business environment. The UNB MBA program is accredited by AACSB which signifies the high-quality education of the institute. The UNB MBA is a one-year accelerated program with 6 varied specialisations like entrepreneurship, project management, business development, etc.

University of New Brunswick MBA Details

Particulars

Details

MBA Course Duration

1 year

GMAT Requirement

550

IELTS Requirement

7.0

Preferred work experience

2 years

University of Laval

Laval is one of the oldest public universities founded in 1663 in Quebec City of Canada. The faculty of business administration offers various UG and PG-related courses. The MBA offered Laval University is full-time & part-time with both in-class and online teaching facilities. The Laval is one of the best affordable MBA colleges in Canada along with supportive scholarships averaging up to 2000 for masters.

University of Laval MBA Details

Particulars

Details

MBA Course Duration

2 years (full-time)

GMAT

Not Required

IELTS

Not Required

Memorial University of Newfoundland

The Memorial University of Newfoundland is a public university. The business administration faculty of the university is accredited by AACSB, CPSA, and CPHR. The university offers an MBA course that is focused on business knowledge and leadership skills. Memorial University is one of the cheapest MBA colleges in Canada for international students. Many students from India, China, Bangladesh, Nepal, Thailand, etc., attend the MBA course at this university.

Memorial University of Newfoundland MBA Details

Particulars

Details

MBA Course Duration

1 year (full-time)

GMAT

Min 515

IELTS

7.0

Avg salary after for MBA graduates

CAD 40,000 to 61,000

University of Northern British Columbia (UNBC)

The UNBC, is a public university of British Columbia founded in 1990. It provides both MBA and MSC BA in its graduate courses. The university offers the most affordable MBA in Canada with a well-rounded business education. The program is available at both the Prince George and Langara campuses in Vancouver.

University of Northern British Columbia MBA Details

Particulars

Details

MBA Course Duration

21 months

GMAT

Not required

IELTS

6.5

Work experience

3 years

University of Manitoba

The University of Manitoba is a public university located in Manitoba which is the sixth most populous city in Canada. Asper School of Business of the University of Manitoba offers UG and PG business courses. The b-school is accredited by the Advance Collegiate Schools of Business which represents the high standard of achievement of the school.

The MBA program is one of the best globally ranked MBA courses as per the QS 2024 ranking. The B-school is one of the best affordable MBA colleges in Canada with a tuition fee of CAD 47,200 for international students. A 3-year bachelor's degree with 2 years of work experience is required for MBA admission into this university.

University of Manitoba MBA Details

Particulars

Details

MBA Course Duration

1 year (full-time

GMAT

Min 550

IELTS

7.0

Work experience

2 years

Cape Breton University (CBU)

Cape Breton is a public university in the Sydney city of Cape Breton Island of Canada. The Cape is one of the affordable MBA universities in Canada for international students. The Cape University offers an MBA in community economic development. It is a unique MBA program that focuses on business subjects with special emphasis on community economic development, governance, leadership, etc.

Cape Breton University MBA Details

Particulars

Details

MBA Course Duration

2 year

GMAT

No minimum requirement

IELTS

6.5

Work experience

No minimum requirement

Toronto Metropolitan University

The TMU is a public university located in the capital city of Canada. The TMU was established in 1948 and was previously referred to as Ryerson University. The business courses are all delivered at the Ted Rogers School of Management. The Rogers School offers a 1 year accelerated MBA with experiential learning and leading business skills.

Toronto Metropolitan University MBA Details

Particulars

Details

MBA Course Duration

1 year

GMAT

550

IELTS

7.5

Work experience

2 years

Saint Marys University

Saint Mary’s is a public university which is 222 years old. The university is located in the Nova Scotia province of Canada. Sobey School of Business of Saint Mary’s prioritizes cutting-edge business research and innovation. The Sobey MBA program is recognised as 2 years but is completed in only 16 months The program emphasizes leadership and indulges you in the international and local business experiences.

Saint Marys University MBA Details

Particulars

Details

MBA Course Duration

16 month (full-time)

GMAT Requirement

Not required

IELTS Requirement

7.0

Preferred Work experience

1 year

University of Saskatchewan

A public university of Saskatchewan province. The university was established in 1905. The Edwards School of Business of Saskatchewan University is the oldest and offers UG, PG, and executive programmes for the students. It is among the best affordable MBA colleges in Canada for Indian students. Here, students without bachelor's degree in business can enrol for the MBA.

University of Saskatchewan MBA Details

Particulars

Details

MBA Course Duration

1 year (full-time)

GMAT Requirement

Min 588

IELTS Requirement

7.0

Average Work experience of students

6 years

University of Waterloo

The University of Waterloo is a public research university. The university was established in 1957 and it offers various business degrees at UG and PG levels. The university provides an MBET program which is a graduate business degree in entrepreneurs that combines interdisciplinary courses with practical experiences.

University of Waterloo MBET Course Details

Particulars

Details

Course Duration

16 month (full-time)

GMAT Requirement

Min 550

IELTS Requirement

7.0

Preferred Work experience

2-3 years

Frequently Asked Questions (FAQs)

1. Which is the cheapest MBA college in Canada?

There are many universities in Canada that offer MBAs at an affordable range. They are as follows.

  • University of New Brunswick (UNB)

  • Laval University

  • Memorial University of Newfoundland 

  • University of Northern British Columbia

  • University of Manitoba

2. What is the minimum cost of MBA in Canada?

The minimum amount required to complete the cheapest MBA in Canada range from Rs 20 to 40 lakhs. The MBA duration in Canada is 1 to 2 years. If you choose the one year accelerated MBA programs in these cheapest universities you can reduce your study expenses.

3. Is MBA cheaper in UK or Canada?

Many cheaper universities for MBA are located in Canada than UK. Even though both study destinations cost more but when compared, Canada MBA study costs and living expenses are relatively lower than UK.

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