Many students dream of higher education in Canada. It has become a global destination for international students to study and graduate. With a wide range of courses to choose from, Canada admits more than 600,000 international students. We’ve all heard numerous reasons why an international student should study in Canada. Institutions in Canada offer various kinds of degrees and certificates in different fields of study. These programs are ranked among the best in the world.

One of such programs offered is the MBA. Since you have decided to take up an MBA course, then this article is for you. Studying abroad, including Canada, can be quite expensive for international students. However, there are scholarships offered by some universities, government and charity foundations. But, the purpose of this article is not to talk about scholarships. Here, we are focused on the cheapest MBA in Canada for international students.

Before we proceed, let us observe some vital facts about MBA degree, as well as answer a few questions frequently asked.

What is an MBA?

This is by far the most frequently asked question. MBA stands for Master of Business Administration. It is a graduate business degree which equips university or college graduates with managerial, entrepreneurial and leadership skills. Job positions which persons who hold a degree in MBA can occupy include:

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• Financial Advisor
• HR Manager
• Business Consultant
• Marketing Manager
• Chief Executive Officer
• Health Services Manager
• Sales Director
• Chief Technology Officer
• Finance Manager etc.,

Which Is The Best Country To Obtain An MBA Degree?

MBA degrees can be obtained in most countries in Europe, North American, Africa and Asia. The United States, UK, Australia and Canada are the best study destinations for international students to acquire an MBA. However, due to tough restrictions on international students who intend to stay and work in the US and UK, Canada and Australia are fast becoming the next potential destination for most students.

How Much Does MBA Cost In Canada?

The cost of MBA in Canada is dependent on many factors, which include the duration of the course. However, the average cost of acquiring an MBA in Canada is about CA$16,300.

Other expenses include:

• Cost of living (CA$10,000 – CA$13,000)
• Visa Application (CA$150)

Can I Access MBA For Free In Canada?

No!

MBA courses in Canada are not tuition free. However, there are a number of affordable courses, as will be seen in this article. 

This article has been written to provide you with a comprehensive list of cheapest MBA in Canada for international students.

The following are cheapest MBA in Canada for international students:

• Memorial University of Newfoundland MBA Program

Topping the list of cheapest MBA in Canada for international students is Memorial University of Newfoundland. The Faculty of Business Administration administers the MBA programs. Because of the amount of donations received from the province, the MBA program at MUN (https://www.business.mun.ca/graduate/mba) has been subsidized, thus making it cheap.

Duration: 2 years

Tuition Fee: $12,905

• University of Regina MBA Program

The University of Regina offers one of the cheapest MBA in Canada. The Kenneth Levene Graduate School of Business (https://www.uregina.ca/business/levene/) administers the MBA programs to equip them with right skills needed to advance in their career.

Duration: 2 years

Tuition Fee: $9,386

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• Simon Fraser University MBA Program

Established in 1965, Simon Fraser University ranks amongst the cheapest MBA in Canada for international students. The Beedie School of Business (https://beedie.sfu.ca/programs/graduate/full-time-mba) administers the MBA programs.

Duration: 12 months

Tuition Fee: 55,600 CAD

• University of Calgary MBA Program

The Haskayne School of Business, (https://haskayne.ucalgary.ca/future-students/mba-programs) In the University of Calgary, offers a variety of MBA degree programs. The University of Calgary has an international reputation for supporting creativity and innovation.

Tuition Fee: $13,330

• Laval University MBA Program

This is a 45-credit program that can be completed at your own pace. It has various options including full-time, part-time and distance learning. The Faculty of Business Administration (https://www4.fsa.ulaval.ca/en/academics/2nd-cycle-graduate/mba-global-business/#tab1) at Laval University offers one of the cheapest MBA in Canada for international students.

Tuition Fee: $1,942.86

• Queens University MBA Program

This program stands out as one of the cheapest MBA in Canada for international students. Although this program doesn’t require a GMAT, you must however have a bachelor’s degree in finance, economics, accounting or any related field. The Smith School of Business (https://smith.queensu.ca/mba_programs/mba/index.php) at Queen’s University administers this program.

Duration: 12 months

• Wilfrid Laurier University MBA Program

This program stands out as one of the cheapest MBA in Canada for international students, and doesn’t require a GMAT. This program can be obtained at Waterloo and Vancouver campuses. There are various study options for the students including full-time, weekend part-time, evening part-time etc. The Lazaridis School of Business and Economics (https://www.wlu.ca/programs/business-and-economics/graduate/business-administration-mba/index.html) at Wilfrid Laurier University administers this program.

• Ivey Business School MBA Program

Located in Toronto, the Ivey Business School has an affiliation with the Business School of Western University in Ontario. It is ranked amongst the cheapest MBA in Canada for international students. You don’t need a GMAT to enroll for this program.

Duration: 12 months

• Lakehead University MBA Program

The MBA program offered at Lakehead University is designed to equip university graduates with innovative skills to advance their career. To acquire this MBA, you don’t need a GMAT. The Lakehead University MBA Program stands out as one of the cheapest MBA for international students.

Duration:

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12 months (For full time study)

36 months (Part time study)

• York University MBA Program

This institution offers one of the cheapest MBA in Canada for international students via the Schulich School of Business. (https://schulich.yorku.ca/programs/mba/) This program is designed to equip University graduates with leadership skills needed to have a competitive advantage in the world of business.

• Ryerson University MBA Program

Located in Toronto, Ryerson University offers one of the cheapest MBA Programs. The Ted Rogers School of Management (https://www.ryerson.ca/graduate/programs/master-business-administration/) administers this program. Both full time and part time study options are available. 

Duration:

12 months (For full time study)

36 months (Part time study)

Tuition Fee: $32,488

• Mcmaster University MBA Program

The DeGroote School of Business (https://mbarecruit.degroote.mcmaster.ca/) administers the MBA program at Mcmaster University. MBA programs offered include the normal, accelerated and Co-op.

Duration:

8 – 36 months.

This depends on your study option though.

Tuition Fee: $80,000

So, here you have it – the cheapest MBA in Canada for international students. In all, by studying in Canada, you will acquire an internationally recognized degree. Also, note that links have been added to this article in case you choose to further make your own research.

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