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Low Cost MBA In Canada
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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.
Types of Low-Cost MBA in Canada
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:
- Full-Time MBA: Ideal for those who can commit entirely to their studies, these programs are usually completed in 1-2 years. While full-time programs might have higher tuition fees, they can often be completed more quickly, potentially reducing overall costs compared to part-time options.
|
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 |
- Part-Time MBA: Perfect for working professionals, part-time programs allow you to spread the cost over a longer period, typically 3-4 years. Additionally, part-time students can often apply what they learn directly to their current jobs, enhancing their work performance and career prospects.
|
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 |
- Online MBA: Online MBAs are designed to provide the same rigorous curriculum as on-campus programs, with the added benefit of studying at your own pace. This format is particularly suitable for self-motivated individuals who prefer a flexible learning environment.
|
MBA Program Format |
Duration |
Tuition Fees (INR) |
Additional Notes |
|
Online MBA |
Varies |
10 lakhs - 25 lakhs |
Lower living expenses, flexible study schedule |
- Executive MBA (EMBA): Designed for senior professionals with extensive work experience, EMBA programs are typically more expensive but offer substantial returns in career advancement.
|
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.
Eligibility for Low-Cost MBA in Canada
To be eligible for an affordable MBA program in Canada, here are the general criteria:
- Academic Qualifications: A bachelor's degree from a recognised institution. Most MBA programs require a minimum GPA, which can vary by school. Some programs may also require prerequisite courses in business or related fields.
- Work Experience: Typically 2-5 years of professional experience, though some programs may waive this requirement for exceptional candidates. Work experience is a critical component of MBA admissions, as it demonstrates your ability to apply theoretical knowledge in practical settings.
- GMAT/GRE Scores: Many programs require competitive scores on standardised tests like the GMAT or GRE . However, some schools offer waivers based on professional experience or academic performance. It's important to check the specific requirements of each program you're interested in.
- English Language Requirements: Proficiency tests like TOEFL or IELTS are required for non-native speakers. Each school sets its minimum score requirements, which can vary based on the program and level of study.
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.
Affordable Business Schools in Canada
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 |
Career after a Low-Cost MBA in Canada
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 |
Takeaway
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!
