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    Affordable MBA Colleges in Canada for Indian students 2025
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    • Affordable MBA Colleges in Canada for Indian students 2025

    Affordable MBA Colleges in Canada for Indian students 2025

    JasmineUpdated on 22 Aug 2025, 05:36 PM IST

    Canada offers some of the best affordable MBA colleges for international students. The MBA colleges in Canada are not only budget-friendly but also renowned for their world-class education, excellent job opportunities, and career growth. The average cost of the cheapest MBA course in Canada ranges from INR 17-20 lakhs. The cost of studying and living in Canada is comparatively lower than in other study abroad destinations. Some of the affordable options in Canada for MBA include Memorial University of Newfoundland, the University of New Brunswick, and the University of Manitoba. To support your education, many universities, the government and private organisations offer plenty of MBA scholarships in Canada. Explore the details of the affordable MBA Colleges in Canada 2025 in the article below.

    Affordable MBA Colleges in Canada for Indian students 2025
    Affordable MBA Colleges in Canada for Indian students

    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 2025

    University

    MBA Program Fees

    MBA Fees in INR

    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 2025 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 that is 222 years old. The university is located in the province of Nova Scotia, 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 immerses you in 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 province of Saskatchewan. 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 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 entrepreneurship 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)

    Q: Which is the cheapest MBA college in Canada?
    A:

    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

    Q: What is the minimum cost of MBA in Canada?
    A:

    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.

    Q: Is MBA cheaper in UK or Canada?
    A:

    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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