Business schools in Canada are some of the best b-schools in the world. They are far less expensive than their neighbours in the south, the USA and yet provide quality courses in the fields of Management. According to Statistics Canada, the Average Cost of MBA in Canada is CAD $38950, but actual fees can be much lower or higher. Three of the MBA courses from Canada feature among the Top 100 MBA Colleges in the world by Financial Times. If you are someone who wants to pursue an MBA in Canada, here, we have made the complete guide to the cost of MBA in Canada for some of the Best Business Schools in the country, some of the most affordable colleges and universities, and other costs of MBA in Canada:

Cost of Studying MBA in Canada

Cost of MBA in Canada for Top B-Schools:

Five Business schools of Canada feature among top 100 business schools of the world, ranked by Quacquarelli Symonds Full Time MBA Rankings. Five more of them feature in the Top 200. In short, there are a number of business schools and options for someone looking forward to pursuing a masters in business administration. Here is the cost of MBA in Canada for some of the best business school:

Top MBA Colleges in Canada Cost of MBA in Canada
Rotman Business School: University of Toronto CAD 1,20,680
Desautels Business School: McGill University CAD 79,500
Ivey Business School: Western University CAD 83,250
Smith School of Business: Queen’s University CAD 1,42,496
Schulich School of Business: York University CAD 1,03,800
Alberta School of Business: University of Alberta CAD 57,909
Sauder School of Business: University of British Columbia CAD 63,330
John Molson School of Business: Concordia University CAD 41,300
HEC Montreal MBA CAD 49,000
Sobey School of Business: Saint Mary’s University CAD 42,000

Low-Cost MBA in Canada:

Canadian Universities with Low Tuition Fees for International Students (MBA):

The universities mentioned here are some of the most affordable Canadian MBA universities and the cost of MBA in Canada is for the whole program and not for a semester or a year. This will be the total amount you will pay as tuition fees as the cheapest MBA for international students.

Business Schools Cost of MBA in Canada
Memorial University of Newfoundland CAD $9666
Laval University CAD $24072
University of Manitoba CAD $27919
Ryerson University CAD $35818
University of New Brunswick CAD $36228

How to Apply for MBA in Canada?

Now, to apply to an MBA in Canada, one needs to understand what are the requirements for MBA in Canada and go through the application process set by the business schools. The first and foremost requirement would be a bachelor’s degree. If one does not have significant work experience and want to pursue MBA in Canada without work experience, the bachelor’s should be completed in a specialisation one is applying to.

The other major requirements are entrance exams like IELTS and TOEFL for English language proficiency tests, and GMAT/GRE for academic aptitude assessment. With some business schools however, you can pursue an MBA in Canada without GMAT. Apart from these major requirements, there are some common requirements for anyone willing. Read More: How to apply for an MBA in Canada?

Cost of MBA in Canada in Indian Rupees

Indian students make a large demographic portion of all the international students that are studying in Canada. One of the major preferences among the Indian students going to Canada is the MBA, so let us talk about Cost of MBA in Canada for Indian Students. According to Statistics Canada, the average tuition fees for a regular MBA for an international student is CAD $38950, which is 21,17,223. However, this is an average and the actual fees can both be much lower and higher. For Example, at the Memorial University of Newfoundland, the Cost of MBA is 9666 Candian Dollars, which would mean the MBA cost in Canada in INR would be 5,25,419, while Rotman School of Management Fees at University of Toronto is CAD 1,20,680.

About the Author:

Dhruv is Content Creator at He is fond of words and everything related to them. Writing about different things from around the world gives him immense pleasure, and a very healthy by-product is sharing the information and helping others in the process.

Categories: Canada

Tags: Study Abroad

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