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Canada is one of the most sought-after countries for students who wish to pursue an MBA study abroad. The duration of MBA programs in Canada typically ranges from 12 to 24 months. The cost of an affordable MBA program in Canada varies, but on average, tuition fees can range from INR 15 lakhs to INR 40 lakhs.
Read on to learn how you can study MBA in Canada at a low cost.
Choosing the right MBA format can significantly impact your overall costs. Here's a quick breakdown of the different types of affordable MBA programs in Canada:
MBA Program Format |
Duration |
Tuition Fees (INR) |
Additional Notes |
Full-Time MBA |
12-24 months |
20 lakhs - 40 lakhs |
Higher living expenses due to full-time study |
MBA Program Format |
Duration |
Tuition Fees (INR) |
Additional Notes |
Part-Time MBA |
2-5 years |
15 lakhs - 30 lakhs |
Can work while studying, helps manage expenses |
MBA Program Format |
Duration |
Tuition Fees (INR) |
Additional Notes |
Online MBA |
Varies |
10 lakhs - 25 lakhs |
Lower living expenses, flexible study schedule |
MBA Program Format |
Duration |
Tuition Fees (INR) |
Additional Notes |
Executive MBA (EMBA) |
12-18 months |
25 lakhs - 50 lakhs |
Higher fees, potential employer sponsorship |
Each format has its financial implications, influencing both tuition fees and living expenses. It's important to consider your personal and professional circumstances when choosing the right budget-friendly MBA in Canada program.
To be eligible for an affordable MBA program in Canada, here are the general criteria:
Additionally, look out for scholarships or financial aid options that can reduce entry barriers and overall costs. Many Canadian universities offer merit-based scholarships, need-based grants, and other forms of financial assistance to international students.
Here are some of the most affordable business schools, offering a low-cost MBA in Canada:
Business School Name |
QS Rank |
Fee in CAD or INR |
MBA Program Specialisations |
University of Lethbridge |
- |
CAD 28,000 (INR 1,680,000) |
General Management, Finance, Marketing, International Business |
Memorial University of Newfoundland |
CAD 20,000 (INR 1,200,000) |
General MBA |
|
University of Manitoba |
CAD 30,000 (INR 1,800,000) |
Finance, Marketing, Leadership, Supply Chain Management |
|
Cape Breton University |
- |
CAD 28,000 (INR 1,680,000) |
Community Economic Development |
University of Victoria |
CAD 28,000 (INR 1,680,000) |
Sustainable Innovation |
|
University Canada West |
- |
CAD 35,100 (INR 2,106,000) |
General MBA |
Thompson Rivers University |
—- |
CAD 28,000 (INR 1,680,000) |
General MBA |
Royal Roads University |
— |
CAD 34,200 (INR 2,052,000) |
Executive Management |
Okanagan College |
- |
CAD 30,000 (INR 1,800,000) |
General MBA |
University of Northern British Columbia |
CAD 24,000 (INR 1,440,000) |
General MBA |
Pursuing a low-cost MBA in Canada can open up various career opportunities across different industries. Graduates from these programs can expect to find roles in fields such as business analysis, marketing, finance, human resources, operations, and more.
Job Title |
Average Salary (CAD) |
Average Salary (INR) |
Perks |
Business Analyst |
60,000 - 80,000 |
3,650,000 - 4,860,000 |
Health insurance, performance bonuses, professional development programs |
Marketing Manager |
70,000 - 90,000 |
4,260,000 - 5,480,000 |
Company car, travel opportunities, stock options |
Financial Analyst |
65,000 - 85,000 |
3,950,000 - 5,170,000 |
Health benefits, retirement plans, bonuses |
HR Manager |
75,000 - 95,000 |
4,570,000 - 5,790,000 |
Health insurance, flexible working hours, professional development |
Operations Manager |
80,000 - 100,000 |
4,860,000 - 6,080,000 |
Health insurance, bonuses, company car |
Project Manager |
85,000 - 105,000 |
5,170,000 - 6,390,000 |
Health insurance, performance bonuses, professional development programs |
Consultant |
90,000 - 110,000 |
5,480,000 - 6,700,000 |
Travel opportunities, performance bonuses, flexible working hours |
Product Manager |
85,000 - 105,000 |
5,170,000 - 6,390,000 |
Stock options, bonuses, health insurance |
Supply Chain Manager |
75,000 - 95,000 |
4,570,000 - 5,790,000 |
Health insurance, performance bonuses, company car |
IT Manager |
90,000 - 110,000 |
5,480,000 - 6,700,000 |
Health insurance, bonuses, professional development programs |
Pursuing an affordable MBA in Canada doesn't have to be a burdened endeavour. With various affordable options and formats available, international students can achieve their educational and career goals without excessive financial burden.
Unlock your potential with a Low-Cost MBA in Canada! With AECC, you can explore top universities offering budget-friendly MBA programs, personalised guidance, and scholarship opportunities. Start your journey toward success today—Contact us now to learn how to secure your spot in Canada's leading MBA programs!
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