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Cost of studying MBA in Canada for Indian Students 2024
Edited By Porishmita Paul | Updated on Jun 10, 2024 06:06 PM IST
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
Expense Item | Cost of living in Canada per month |
Tuition Fees | CAD 40,000 to CAD 1,00,000 per year |
Accommodation | CAD 1,917 |
Food expenses | CAD 150-250 |
Transportation | CAD 100-150 |
Utility costs | CAD 220 |
Healthcare | CAD 250 |
Miscellaneous | CAD 200 |
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
University | MBA Tuition Fees For Indian Students |
University of Toronto - Rotman | CAD 120,680 |
McGill University - Desautels | CAD 89,000 |
Western University -Ivey | CAD 123,500 |
CAD 90,057 | |
CAD 99,500 | |
York University - Schulich | CAD 99,400 |
CAD 61,500 | |
CAD 61,200 | |
CAD 40,000 - CAD 50,000 | |
CAD 72,000 |
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
Universities | MBA Tuition Fees For Indian Students |
University of Ottawa | CAD 33,000 |
University of Guelph | CAD 35,437.68 |
CAD 16,245 - CAD 19,543.50 | |
University of Alberta | CAD 30,000 |
CAD 34,012 | |
CAD 30,480 - CAD 45,419 | |
University of Northern British Columbia | CAD 16,668.69 |
CAD 18,100 | |
CAD 31,796–CAD 49,665 |
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
University | Average MBA Employment salaries |
CAD 123,438 | |
CAD 1119,000 | |
CAD 98,165 |
Frequently Asked Questions (FAQs)
1. How much will it cost to study an MBA in Canada?
The average cost of studying MBA in Canada is around CAD 40,000 to CAD 1,00,000 per year. The overall cost of an MBA in Canada for Indian students ranges between Rs. 20 and Rs. 60 lakh each year. Additionally, the cost of living in Canada ranges from CAD 10,000 - 20,000 per month for international students.
2. Is MBA affordable in Canada?
Yes, MBA in Canada is affordable for international students. Canada offers a cheaper MBA for Indian students compared to other top countries like the USA and UK. Also, study MBA cost in MBA can be reduced through a variety of scholarships and grants.
3. How much does it cost to study MBA in Canada for PR holders?
The cost to study MBA in Canada for PR holders is around CAD 30,000 to CAD 126,600 per year. Therefore, Canada can be recognised as an affordable country for PR holders.
4. Is an MBA in Canada worth it?
Yes, MBA in Canada is worth it for international students. Canada MBA universities are among the top QS universities for 2024. Again, MBA holders from Canada universities are among the highest paid job holders in the world.
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Questions related to
Get answers from students and experts
Hello there,
NEET (National Eligibility cum Entrance Test) is primarily an entrance exam for medical courses in India. If you're considering studying medicine in Canada, here are some key points to consider:
NEET and Medical Studies in Canada:
-
Not Required for Admission : NEET is not required for admission to medical schools in Canada. Canadian medical schools have their own admission criteria, which typically include undergraduate degree requirements and standardized tests like the MCAT (Medical College Admission Test).
-
Eligibility for International Students : To apply to medical schools in Canada, you usually need to complete a bachelor's degree (often with a focus on science) and achieve a good score on the MCAT.
-
Application Process : Each Canadian medical school has specific admission requirements. It's important to research individual schools to understand their criteria, including GPA requirements, volunteer experience, letters of recommendation, and personal statements.
-
Recognition of Indian Medical Degrees : If you complete your medical studies in Canada, your degree will be recognized, but if you study medicine in India, you’ll need to go through the Medical Council of Canada (MCC) exams to practice in Canada.
Recommendations:
-
Research Canadian Medical Schools
: Look into the specific requirements for the medical schools you are interested in.
-
Prepare for MCAT
: If you're aiming for medical school in Canada, focus on preparing for the MCAT and meeting the prerequisite courses for admission.
Conclusion:
NEET is not necessary for studying medicine in Canada. Instead, focus on completing an undergraduate degree, taking the MCAT, and meeting the admission requirements of Canadian medical schools.
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
kumardurgesh1802 12 October,2024
Hello Aspirant
Foreign Universities require a candidate to have a 4-year Bachelor's degree from a recognized University/college with enough credits. The problem that many Indian students face is that they have a degree in bachelor's but in a 3-year course. This stops them from pursuing further studies at a foreign university. Still, some universities offer bridge courses for such students. For this, they need to reach their universities 2-3 months prior and do the Bridge course. But all of this depends on the university. This is why NEP introduced the new 4-year bachelor's course.
The best course of action is to go to the Canadian Universities' websites that you wish to join and contact their admissions office via mail and talk to them about your situation, they'll help you out with it. Also, when you sit for their interviews and have a valid answer for your gap year after your Bachelor's, it would be great if you have work experience for that duration.
Hope this helps.
Ishita 20 July,2024
The eligibility criteria for MHCET (Maharashtra Common Entrance Test) can be based on domicile rather than place of birth.
MHCET often considers domicile, not necessarily the place of birth, for exam eligibility. Since your son has completed his entire school education in Maharashtra, this might strengthen his case for domicile in the state.
Overall, while being born in Canada might not be a direct disqualifier, having completed his schooling in Maharashtra strengthens his case for domicile in the state. By gathering documents to prove his residence and referring to the official MHCET website or helpline, your son can get a clearer picture of his eligibility for the exam.
https://www.careers360.com/exams/mht-cet
I hope it helps!
Nitin Kumar 08 June,2024
Hello aspirant,
Canada offers ample opportunities in the field of radiology. With a B.Sc in Radiology, you can explore various career paths in Canadian healthcare institutions, including hospitals, diagnostic imaging centers, and clinics. It's advisable to research the specific requirements and licensing procedures for radiology professionals in the province where you plan to settle, as regulations may vary. Pursuing further certifications or examinations recognized by Canadian authorities can enhance your prospects in the field of radiology in Canada.
Thank you
Hope this information helps you.
Sajal Trivedi 08 March,2024
Dear aspirant !!
Hope you are doing good !!
Indian students must have an MBBS and clear USMLE tests to gain admission to post graduation after MBBS abroad in USA . It is important to understand that an MD/Doctor of Medicine (USA equivalent of MBBS in India) degree alone is not enough to practise medicine. A Medical PG in any specialisation is necessary..
Hope it helps you !!
Thanking you !!
Shivanshu 26 February,2024
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