Cost of studying MBA in Canada for Indian Students 2024

Study MBA in Canada is very expensive for international students. Canada is considered among the most expensive countries for study-abroad aspirants. How much it cost to study MBA in Canada? The average cost of studying MBA in Canada is around CAD 40,000 to CAD 1,00,000 per year. The total cost of MBA in Canada for Indian students ranges between Rs. 20 to 60 lakhs per year. Therefore, it is important to learn the MBA degree cost in Canada before applying for studies in the country.

Latest: Canada Country Guide

The cost of studying MBA in Canada 2024 depends on multiple factors such as the location of the university, its ranking, quality of study, infrastructure, and other significant determinants. However, there are many cheapest MBA universities in Canada available for international students that offer affordable tuition fees for students. Meanwhile, many government and private organisations offer scholarships and funds for international students to sustain themselves while managing the cost of studying MBA in Canada.

The cost of living in Canada is around CAD 10,000 - 20,000 per month which is around 206.8% higher than in India. However, the average expense of living in Canada is comparatively lower than most other countries like the USA and UK. Therefore, international students looking for the cost of studying MBA in Canada can conduct a comparative analysis of different nations before picking the best university. Read the complete article to learn more about the cost of doing MBA in Canada and other details.

Cost of Studying MBA in Canada

The average cost of living in Canada for international students ranges from CAD 10,000 - 20,000 per month. This amount includes all necessary expenses such as rent, food, transportation, clothing, and so on. The average cost of living in Canada 2024 is around 206.8% higher than the cost of living in an Indian city. A detailed list of the overall liThe average cost of living in Canada 2024 is around 206.8% higher than the cost of living in an Indian city. A list of the overall living expenses in Canada for international students is given below.

Cost of Studying in Canada

How to Manage the Cost of Studying MBA in Canada?

The cost of studying MBA in Canada can be financially exhausting for international students. Therefore, Indian students who are planning to apply to the top MBA universities in Canada must plan their budget accordingly. Here are some practical strategies to help manage the cost of doing MBA in Canada for international students:

• Research and Choose Affordable Universities and Programmes: A few cheapest MBA universities in Canada offer affordable study opportunities for international students. Compare the tuition fees and other course requirements beforehand applying to any institution.

• Explore Scholarships and Grants: Many universities as well as external organisations offer scholarships and funding opportunities for international students to manage their course requirements in the country. Look for fully-funded scholarships and grants to manage your cost of studying MBA in Canada.

• Student Loans and Financial Aid: The Indian government offers various student loans and financial assistance for potential students who wish to study MBA in Canada. These loans cover all the study expenses and cost of living in Canada.

• Part-Time Work Opportunity: Try to explore various part-time work options and internship opportunities available at the university and off the campus. As per the latest guidelines, Indian students can work up to 20 hours a week during their academic sessions and can work full-time during the holidays.

• Living Arrangements: The quality of lifestyle and choices of the students can impact the overall cost of studying MBA in Canada for international students. Try to plan your living expenses as per your budget and spend accordingly.

MBA Tuition Fees in Canada for International Students

The list of the top business schools in Canada is mentioned in the table below according to the QS Global MBA Rankings 2024. In 2022, it was recorded that nearly 45% of students chose Canada to study due to its high educational standards and career prospects. Indian students who wish to build a career in MBA can apply for the top MBA colleges in Canada.

Top MBA Universities in Canada Fees 2024

Cheapest MBA Universities in Canada for International Students

Pursuing an MBA in Canada is rewarding for international students. However, the cost of doing MBA in Canada is very expensive for Indian students. For those looking to balance cost with quality, universities like the University of Ottawa, University of Guelph, University of Alberta, and others offer affordable education for international students to manage the cost of studying MBA in Canada.

Cheapest MBA Universities in Canada 2024

MBA Degree Cost in Canada 2024: Scholarships and Grants

With an increasing number of MBA students in Canada worldwide, the government, non-government organisations, and various universities of Canada encourage students by providing scholarships every year. The scholarships are awarded mostly based on merit determined by the GMAT score. Please check the detailed information on MBA scholarships before applying for MBA scholarships in Canada. A few popular scholarships in Canada for international students are:

• Ontario Graduate Scholarship (OGS) Program

• Rotman School of Management Scholarships

• Sauder School of Business Entrance Scholarship

• Entrance Scholarships, Continuing Student Awards

• Ivey Scholarships, Ivey Global Leader Awards

• MBA Entrance Scholarships, Business Leadership Awards

Students can apply for various study loans in Canada to manage their course requirements in the country. International students are advised to demonstrate a strong academic record, high GMAT/GRE scores, and a compelling personal statement to increase their chances of getting a scholarship to manage the cost of studying MBA in Canada.

MBA Work Opportunities in Canada 2024

While the fee for an MBA in Canada isn’t usually as high as the fee for the top programmes in the USA, arranging for such finances can still be a challenge for many, especially those coming from economically weaker sections. To overcome these difficulties to an extent, there are several options for working while studying in Canada.

Citizenship and Immigration Canada (CIC) allows international students to work on-campus or off-campus or even opt to work as co-op students or interns during their stay in the country. Students who are qualified for off-campus work can work up to 20 hours a week during their academic sessions and can work full-time during the holidays.

To be eligible for on-campus work, the candidate needs to be a full-time student and have a valid work permit. This enables students to work at various bookstores, university libraries, and coffee shops. Students looking for financial help are urged to check out scholarship options, as many organisations are willing to extend a helping hand to meritorious students.

Job Opportunities after MBA in Canada

MBA in Canada offers plenty of job opportunities in various sectors for international students. With the help of the post-study visa in Canada, Indian students can be eligible to work for 3 years after their degree in Canada. A few of them are listed below for your reference.

• Faculty in Universities

• Strategy or Business Manager

• Financial Consultant

• Human Resource

• Marketing Analyst

• Operations and Supply Chain Management

Average Salary of MBA Graduates from Canadian Universities