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Cheap & Affordable Business Schools in Canada (2022)

By June 2, 2022June 21st, 2022No Comments
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

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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.

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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

https://www.quora.com/How-good-is-Memorial-University-of-Newfoundland-s-MBA-program-in-Canada-What-are-the-job-prospects-in-the-Canadian-job-market

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

Link: https://www.ucanwest.ca/graduate-programs/master-of-business-administration#On_Campus_MBA_Tuition_Fees

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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Concordia 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

Link: https://www.concordia.ca/jmsb/mba.html

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

Link: https://sprott.carleton.ca/mba/mba-admissions/

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 

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