Cheap MBA Colleges in Canada for Indian Students: Studying MBA in Canada is a dream of many international students. Rightly so, the country is known for its top-notch education system and welcoming stance for international students. However, just like other popular study abroad destinations, the MBA cost in Canada isdifferent for international students and is nearly double the MBA fees for domestic students.
The sky-high average cost of an MBA in Canada makes it harder for international students to fund their education or evengeteducation loans sanctioned asinterest rates can gohigh enough to makenon-repayment impracticable. However, there are certain cheap MBA colleges in Canada that can get aspirants their MBA degree.
Let us now dig a little deeper intothe cheap MBA colleges in Canada to study MBA, their tuition fees, popular MBA specialisations in Canada, and job opportunities after MBA.
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Advantages of MBA in Canada
International students can unlock various advantages if they choose to study MBA in Canada. Not only the education system, but even the economy of the country is one of the central players in driving MBA aspirants from across the world.
Here are some of the benefits of studying cheap MBA programs in Canada:
Canada PR Nomination
Canada PR is the pathway to permanently immigrating to Canada. The entry to this pathway itself is however not easy. There are various Canadian PR programs, all of which consider education in Canada extremely significant. Since MBA is a masters degree, students who complete MBA from Canada can apply for Canadian PR with high PR points. It becomes a lot easier to get Canada PR, in fact, students can even get nominated under certain Canada PR programs.
High Employability
The best advantage of any professional course like MBA comes with its extent of employability. MBA courses in Canada are known to ensure high employability of international students by not only educating them in various aspects of the industry and market but also making them experience the real industry through practical training. Practical training forms an integral part of MBA courses in Canada and helps in increasing the employability of students.
Global Acceptance
Clearly, MBA courses in Canada enjoy high regard among the global community. Moreover, the combined reputation of Canada makes it easier for international students graduating from MBA courses in Canada to get a job anywhere in the world. They can apply for jobs in their own home country, they can stay back in Canada for jobs, or they can migrate to other countries as well like the UK, USA, Australia, New Zealand, France, Singapore, Switzerland, etc.
Longer Stay Back Period
An MBA degree allows international students a chance to extend their stay in Canada on completion of their course as well as the expiry of their student visa. Students can apply for an extension on their visa, or even for a Post Study Work Visa. They can avail themselves of a stay back period of up to three years after graduating.
Lucrative Remunerations
A higher salary is one of the major reasons that motivate students to choose for best master's courses out there. MBA courses in Canada are among the best in the world, and hence international students graduating from these courses get offers of high-paying job opportunities. The average salary of an MBA graduate in Canada isamong the highest in the world.
Wider Scope of Job Opportunities
MBA in Canada allows international students to hone their skills in various branches of management. International students can opt for various types of careers including corporate jobs, public service jobs, teaching, consulting, startup, research, scholar, economist, etc., after completing their MBA courses in Canada. They can also invest in failing businesses to revive them and gain heavy profits and reputations as an investor.
Cheap MBA Colleges in Canada
The tuition fees for cheap MBA programs in Canada for international students can go quite high. However, thankfully the norm is not as common as believed.That said, here are some of the cheap MBA colleges in Canada for MBA courses, and their respective annual tuition fees:
MBA College in Canada |
Annual Tuition Fees (in CAD) |
Laval University |
17,940 |
18,474 |
|
43,000 |
|
28,160 |
|
48,300 |
|
University of New Brunswick |
31,366 |
25,470 |
|
University of Prince Edward Island |
14,500 |
40,118 |
|
49,739 |
Entry Requirements for Cheap MBA Colleges in Canada
When applying for MBA courses in Canada, there are some eligibility requirements which have to be fulfilled by international students. These are:
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Bachelors Degree: Applicants must have a three or four-year bachelor's degree from a recognised university in their home country or any other country they have completed their undergraduate education from.
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GPA: The average GPA requirements are set differently for students from different countries. The GPA, grades, or percentages are decided on the basis of the education and grading system followed in the country.
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GMAT: GMAT scores are a common requirement for admission to MBA courses in Canada. The minimum scores are different for every university.
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GRE: GRE scores are also acceptable by various MBA colleges in Canada. They are often used as an alternative to GMAT scores.
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English Proficiency Tests: International students who are natives of non-English speaking countries have to provide test scores obtained in English proficiency tests such as IELTS, PTE, TOEFL, or Duolingo.
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MBA SOP: An MBA SOP is an important part of the admission process. Students have to state their motivation behind choosing the course, university, specialisation, and their future goals.
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Application Essay: MBA colleges in Canada often ask applicants to submit application essays, either as question prompts or as general essay prompts. These application essays are used to determine the relevant acumen of the applicant.
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LORs: Letters of recommendation are used by Canadian b-schools to determine whether the claims made by the applicant in their application are reliable or not.
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Work Experience: The majority of MBA colleges in Canada ask international applicants to show two to three years of work experience. However, students can also apply for cheap MBA colleges in Canada without work experience.
Popular Specialisations for Cheap MBA Programs in Canada
There are various MBA specialisations available in Canada for international students to choose from. However, the most popular ones have been described below.
MBA Specialisation |
Description |
Human Resource |
The program explores how to manage the human resource flow and work in an organisation. |
Finance |
The importance of finance in any organisation or social ecosystem, how to manage its inward and outward flow, and how to make it more profitable to the organisation form the core concepts of this specialisation. |
International Business |
The branch is in tandem with the current trend of business globalisation. Students are taught to recognise opportunities and expand the existing business internationally. |
IT Management |
The core concepts involve ensuring IT is an investment for the organisation rather than a weakness. How to manage and safeguard it is also involved in the specialisation. |
Marketing |
The techniques to manage product or service branding and making sure it reaches the target audience are some of the concepts of the specialisation. |
Operations Management |
The branch deals with ensuring that all operations in an organisation or social ecosystem could be coordinated to work cohesively. |
Supply Chain Management |
The manner in which the trends in supply need to be tackled so that the business is not adversely affected. |
Cost of Living in Canada for International Students
Studying and living in Canada is an amalgamation of various aspects, from tuition fees to various other expenses. Students who wish to study cheap MBA programs in Canada can refer to the average expenses stated below and accordingly plan their study in Canada budget.
Living Expenses in Canada |
Amount (in CAD) |
Accommodation Rent (monthly) |
675-875 |
Food and Groceries (monthly) |
40-100 |
Clothing and Other Necessities (monthly) |
25-300 |
Internet and Telephone (monthly) |
90-200 |
Electricity (monthly) |
50 |
Travel Expenses (monthly) |
40-200 |
Entertainment (monthly) |
150 |
Medical Expenses or Other Emergencies (one-time) |
500 |
Miscellaneous (monthly) |
50-90 |
Job Opportunities After Study in Cheap MBA Colleges in Canada
International students can apply for varying job profiles after completing their MBA courses in Canada. Additionally, they can also move to different career paths such as teaching, consulting, investing, etc. However, if they choose to continue with corporate jobs, they can choose among the following most popular job opportunities in Canada, mentioned along with their average annual salaries.
Job Profiles |
Average Annual Salary (in CAD) |
Operations Manager |
76,330 |
Human Resource Manager |
86,595 |
Marketing Manager |
65,782 |
Investment Analyst |
70,687 |
IT Manager |
89,961 |
Project Manager |
84,482 |
Business Analyst |
73,028 |
Source: Glassdoor.com & Indeed.com
International students can gain a lot of career growth with MBA courses in Canada. However, before they choose to apply to any university, they are advised to go through their admission process as well as available scholarships for a better study abroad experience. Students can apply to multiple MBA colleges in Canada, and by accepting the offer letter from one of the cheap MBA colleges in Canada for an MBA, they can also ensure an affordable yet quality education.
Our study abroad experts can assist you in your admission process to MBA colleges in Canada.
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