A Complete Guide To
Cheapest MBA Colleges in Canada
Chapter 1
Overview
Canada has a diverse environment with several international students. This country is consistently ranked as one of the top in the Quality of life surveys and safe for refugees and international students. Canada has a stable economy and its GDP is from a diverse range of industries from the manufacturing sector to agriculture.
Why pursue an MBA in Canada?
Among the top 150 universities in the world, Canada is the home to the ten universities on that list. The degrees from Canada are recognised worldwide and you can get jobs easily.
Some of the best universities in Canada are
- McGill University
- Ivey Business School
- Rotman School of Management
- Schulich School of Business, and Queen’s
- The University of British Columbia.
These universities offer world-class MBA programs in various streams such as Finance, Marketing, HR, Tech, Strategy and so much more. A business degree from Canada can get you top placements from KPMG, McKinsey, Deloitte, Bain, Accenture, IBM, J&J, General Mills and much more.
An MBA in Canada is case oriented, with leadership programs, a good curriculum and social skills. In Canada, you can apply for a Permanent Residence after 1 year of full-time work in Canada. Through this, you can settle there.
| 1 year MBA | Eligible for 1-year work permit |
| 2 years MBA | Eligible for 3-years work permit |
Types of MBA in Canada
|
Types of MBA |
Period of the course |
Information |
|
Full-time MBA |
Two years |
You need GMAT and can pursue a part time job |
|
Part time MBA |
Three to four years |
Suitable for professional lives and those who have short time |
|
Executive MBA |
One year |
For executives with eight years of experience |
|
Joint MBA degrees |
Four years |
You can pursue this along with other subjects such as law, engineering, economics etc. |
Eligibility required for an MBA in Canada :
Work experience
- A minimum of two years of work experience is required for the Business Schools in Canada.
- The average work experience of the students pursuing an MBA in Canada is four years.
IELTS or TOEFL is required to know your proficiency in the English language.
- In IELTS a minimum score of 7 is required.
- TOEFL a minimum score of 100 is required.
A relevant undergraduate degree with a minimum GPA of 3.5 is required.
GMAT
- Most of the MBA programs in Canada requires you to have a minimum score of 575. But you will need a score of 675 to grab your seats in the best universities.
Documents Required for an MBA in Canada :
- Resume which has all your academic and Peru qualifications
- Official Transcripts
- Letters of Recommendation – you will need at least 2 LORs from your previous employer and university
- Statement of purpose – you need to write why you should be considered for this program and write your goals.
- GMAT or GRE scores
- IELTS or TOEFL scores
- Proof of work experience – a minimum of two years of work experience
- Visa
These are some of the main documents required for applying for a University in Canada.
Chapter 2
Affordable Business Schools in Canada :
Rotman School of Management :
This business school is a part of the prestigious Toronto University in Canada which is a public university. This school is ranked number one globally and it has ranked among the top five world class facilities and research. Students can specialise in a major and choose courses such as Brand Management, Financial reporting, funds management, consulting etc. You can also study subjects along with your major such as finance, marketing, accounting etc. A full-time MBA course is for twenty months. A minimum of two years of full-time work experience of two years is required for those who apply for combined and joint degrees.
Location: Toronto, Canada
Fee: $92,540
MBA courses offered: Full-time MBA, Morning and Evening MBA, Global Executive MBA for healthcare and Life Sciences, Rotman SDA Bocconi Global Executive MBA
World Ranking: 26
Link: https://www.rotman.utoronto.ca/Degrees/MastersPrograms/MBAPrograms
Reviews
https://www.quora.com/Why-to-do-MBA-from-university-of-Toronto
Alberta School of Business :
This is a public research university which offers a wide range of professional and academic programs. They have undergraduate and postgraduate courses. This school has over five campuses in Canada. The full-time MBA course can be completed in twenty months. Over 93% of the students who have graduated with an MBA here have been placed in good companies.
Location: Edmonton, Alberta
Fee: CAD $29,683
MBA courses offered: Full-time MBA, Fast track MBA, Part time MBA.
Link: https://www.ualberta.ca/business/programs/mba/admissions/index.html
Memorial University of Newfoundland :
This is a part of the public university which is in the province of Newfoundland and Labrador. This university is also known as the Memorial University of MUN, and it has two campuses. A lot of international students also study at this university and they have over 125 exchange programs. They offer a good MBA course which provides you with a job in this competitive market.
Location: St.John’s, Canada
Fee: CAD $18,140
MBA courses offered: MBA, MBA in social enterprise and entrepreneurship
Link: https://www.business.mun.ca/graduate/mba/
Review
The University of Calgary :
This is a public research university in Canada and was established in 1944. The MBA degree is open to students who have a four-year degree or equivalent to any discipline. They offer a range of MBA programs. The course-based MBA program can be done with a Master of Biomedical Technology, Master of Nursing, Master of Planning and Master of Public Policy.
Location: Calgary, Canada
Fee: CAD 19.1 k
MBA courses offered: MBA, Evening MBA, Morning MBA, Course based MBA
Link: https://grad.ucalgary.ca/future-students/explore-programs/management-mba-course
Degroote School of Business :
This is a part of the MC master university which is a public research university. They offer a range of MBA programs. This university has four campuses and students from over 120 counties study here. This university is called the most research intensive university by research info in the year 2019.
Location: Hamilton, Canada
Fee: $44,000
MBA courses offered: Full-time Degroote MBA, Accelerated MBA, Blended learning MBA, Executive MBA
Link: https://mbarecruit.degroote.mcmaster.ca/
Review : https://www.quora.com/Does-McMaster-University-have-a-good-Business-program
University Canada West :
This is a private university in Canada. Which provides good education on a global level. There are also digital components in their courses. The duration of the course is two years.
Location: Vancouver, Canada
Fee: $36,840
MBA courses offered: MBA
Dalhousie University :
This is one of Canada’s oldest universities with more than 19,000 students and 22% of international students. This university has more than 200 programs. The professors of this MBA program are award winning teachers.
MBA courses range from 18 months to two years
World Ranking: 272
Location: Halifax, Canada
Fee: $38,000
MBA courses offered: Online MBA, Corporate Residency MBA, The Dal MBA
Link: https://www.dal.ca/faculty/management/rsb/programs/mba.html
Review https://www.quora.com/What-is-your-review-of-Dalhousie-University-Nova-Scotia
University of Victoria :
This is a public research university in Canada and it was popularly known as UVic. They offer four types of MBA courses. The full-time MBA program is for 16 months.
World Ranking: 201
Location: Victoria, Canada
Fee: $25,000
MBA courses offered: MBA in engineering, Daytime MBA, MBA in computer science, Weekend MBA
Link: https://www.uvic.ca/gustavson/gill/mba/daytime/index.php
Review : https://www.quora.com/How-is-University-of-Victoria-for-an-MBA
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Find out howConcordia University :
This is a public university established in 1974. They offer world class MBA with expert faculty. They are AACSB accredited. The MBA course is for 32 months.
World Ranking: 131
Location: Montreal, Canada
Fee: $39,477
MBA courses offered: MBA, MBA in Investment Management, Executive MBA
University of Ottawa :
This university was established in 1848 and it is a public research university. In the Downtown Core, the main campus of this university is located. This university has more than 400 programs. In that university, the Telfer school of management offers MBA courses. It takes 21 months to complete an MBA course here.
World Ranking: 201
Location: Ottawa, Canada
Fee: $51,287
MBA courses offered: MBA, Executive MBA, MBA in administration/ science and management/health administration
Link: https://catalogue.uottawa.ca/en/graduate/master-business-administration-mba/
Thompson Rivers University :
This is a public research university established in 1970. It has an online and distance education program called the TRU Open Learning division. The MBA programs offered here are online and offline, part time and full time. You can develop your academic and research skills here. The MBA course is for 20 months.
Location: Kamloops, Canada
Fee: $29,778
MBA courses offered:
Link: https://www.tru.ca/distance/programs/business-management/mba.html
Langara College :
They offer a diverse range of courses. The Langara College and the University of Northern British Columbia offer this MBA course which is for twenty-one months and is suited for working professionals.
Location: Vancouver, Canada
Fee: $31,000
MBA courses offered: MBA
Link: https://langara.ca/programs-and-courses/degree-partnerships/unbc-mba/index.html
University of Regina :
It is a public research university established in 1911. The Kenneth Levene Graduate School of Business offers MBA courses. This school is a part of the University of Regina. They offer different types of MBA programs and a PG diploma in Business Foundation is also offered.
World Ranking: 401
Location: Regina, Canada
Fee: $23,184
MBA courses offered: MBA in management, MBA international business and Executive MBA
Link: https://www.uregina.ca/gradstudies/future-students/programs/administration.html
Simon Fraser University :
It is a public research university established in 1965. The Beedie School of Business which is a part of Simon Fraser University offers MBA programs. It is ranked as the first comprehensive university in Canada.
World Ranking: 176
Location: Burnaby, Canada
Fee: $66,239
MBA courses offered: Full-time MBA, Executive MBA, Executive MBA in Business leadership
Link: https://beedie.sfu.ca/programs/graduates/full-time-mba
Carleton University :
It is a public research university in Canada. The Sprott School of Business is a part of Carleton University and it offers these MBA courses. The MBA course is for sixteen months.
World Ranking: 501
Location: Ottawa, Canada
Fee: $66,239
MBA courses offered: MBA, professional MBA, Online MBA, Accelerated MBA
Part Time Jobs in Canada for International Students :
|
Part Time Jobs |
Pay |
|
ON SITE JOBS |
|
|
Research Study Assistant |
20 CAD/hour |
|
Teaching Assistant |
16 CAD/hour |
|
University/Campus Ambassador |
14 CAD/hour |
|
Computer Lab Technician |
18 CAD/hour |
|
Production Assistant |
14 CAD/hour |
|
Babysitter |
14 CAD/hour |
|
University store Associate |
25 CAD/hour |
|
OFF CAMPUS JOBS |
|
|
Customer Support |
15 CAD/hour |
|
Store Associate |
15 CAD/hour |
|
Catering Associate |
14 CAD/hour |
|
Barista |
11 CAD/hour |
Cost of living in Canada
|
Type |
Average Monthly Cost (INR) |
|
Utilities (Water, Electricity etc.) |
19k |
|
Transport |
6k |
|
Internet and Telephone |
4k |
|
Food and Drinks |
25k |
|
Rental Expenses |
40k |
|
Recreation |
10k |
|
Total |
1.4L |
