How Much Does an MBA Cost in Canada for Indian Students?

 


MBA in Canada fees range from CAD 30,000 to 50,000 per year, on average, which varies on a great many factors. It is a great opportunity for students to pursue an MBA from a location like Canada that is home to many prestigious universities, which provides global exposure at affordable tuition fees. Canada is one of the best countries to pursue an MBA in terms of affordability, especially when compared to Western countries like the US or the UK. We will understand the particular cost it can be for an Indian student to pursue an MBA from Canada’s universities.

Types of Categories to Pursue an MBA

The total MBA in Canada fees vary from university to university, along with the factor of the particular category that you have chosen. There are different categories of programs when pursuing an MBA, which also influences the cost of the particular program for Indian students who plan to study in Canada. There are three different types of programs in pursuing an MBA, which are as follows:



  1. Full-Time

The most common kind of MBA program goes for a total duration of one or, at maximum, two years. These programs are comprehensive and provide a deep understanding of business and management. This MBA in Canada fees are more competitive than the other two.


  1. Part-Time

As the name suggests, this MBA program is flexible for students and even working professionals. The total duration of this program is between two and four years.


  1. Executive

Executive MBA (EMBA) programs are similar to part-time programs, except that they are meant for senior-level professionals who are focused on strategic thinking and decision-making skills.

Overall Cost of Pursuing an MBA from Canada for Indian Students

The overall MBA in Canada fees will incur costs other than the tuition fees. The average cost of an MBA program in Canada can be as low as CAD 30,000 and as high as CAD 100,000 per year. This cost reflects the average range for full-time MBA programs in Canadian universities. For international students planning to study abroad, another incurred cost is the cost of living in Canada, which can go as low as CAD 10,000 to as high as CAD 25,000. On average, the cost of living in Canada is CAD 19,000 per year.

Remember that there are other costs involved in the overall MBA in Canada fees that you have to bear and pay for to pursue the course and be a skilled professional, and these are as follows:


  • University 

  • Program Type

  • Living Expenses

  • Duration of the Course

  • Miscellaneous Expenses (Visa Fee, Health Insurance, etc.)

Eligibility Criteria to Pursue an MBA in Canada for Indian Students


  • Average GMAT score (required 500-700 out of 800)

  • Bachelor’s degree (3 or 4 years)

  • English language proficiency (IELTS, TOEFL)

  • Prior work experience in the relevant field (3-5 years)

  • Minimum 12 months of relevant work experience

  • LORs

  • SOP

  • Interview (if required)

Conclusion

The students who are trying to understand about MBA in Canada fees should keep in mind that the overall cost will depend on the different factors. Above all, it involves the specific category of program you have chosen and the location of both your university and accommodation. Other factors that might influence your overall cost of an MBA will be the kind of lifestyle habits you have. More lavish and luxurious lifestyle habits will lead to more expenses and a higher overall cost of living, adding to your cost of an MBA in Canada. However, you can make sure that you are well prepared for the program chosen and location. 


If you want further insights into pursuing an MBA from Canada, contact Education Vibes.

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