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Mbbs 27 Jun, 2024
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There are several MBA institutions in Canada that provide outstanding programmes with skilled teachers, cutting-edge facilities, and professional chances at an affordable price. Canada's two-year full-time MBA programme also qualifies you for a three-year work permit, which might help you stay in the nation for the long term. In this post, we have identified the Cheap MBA Colleges in Canada, along with thorough information on costs, eligibility, and course structure. So, if you want to pursue an MBA programme in Canada but can't afford the high costs, this article will help you realise your ambition.
Many people dream of pursuing an MBA in Canada, but not everyone achieves their goal. One of the primary reasons why students refrain from studying abroad is a lack of adequate financial resources. The good news is that there are some of the cheapest MBA institutions in Canada. There are several possibilities for doing the cheapest MBA in Canada while still exploring this wonderful nation on a budget. Some of the cheapest MBA programmes in Canada are offered by renowned universities such as Memorial University of Newfoundland, Laval University, and the University of Calgary. In this article, we review a list of MBA colleges in Canada with low fees and various programmes provided to give an overview of the cheapest MBA in Canada for international students.
The cost of an MBA in Canada for Indian students is decided by the programme structure selected. MBA programmes in Canada come in a number of forms, including:
Full-time MBA: A traditional structure that normally lasts two years.
Online MBA: A flexible choice for those unable to attend classes on campus.
Executive MBA: Designed for experienced individuals looking to better their professions.
Part-time MBA: A flexible programme option that allows students to complete their MBA in three to five years.
The cost of an MBA in Canada varies according on the duration, nature, structure, and popularity of the programme. Furthermore, because a few areas speak French, the location and language of education affect the fees paid. Despite their modest cost, the courses maintain their quality and efficacy. This is what drives students from all over the world to pursue a low-cost MBA in Canada. Without further ado, let's look at some of Canada's least priced MBA institutions and their basic prerequisites.
Alberta School of Business is one of Canada's oldest and most reputable business schools. The institution is AACSB recognised and offers a comprehensive programme that mixes real-world experience with academic subjects. An MBA at the University of Alberta combines case studies, lectures, practicals, mentorship, and industry projects to provide a great balance of textbook principles and professional experience.
Fees: An MBA at this university costs ~5 lakh INR.
The University of Alberta has the following minimal entrance requirements:
80% percentile or B-grade GPA.
GMAT examinations need a minimum score of 550.
A minimum of two years of verified job experience.
Letter of Recommendation from an Industry Peer and Education Faculty.
An inspirational Statement of Intent for the MBA programme.
An IELTS score of 7 or above, or a TOEFL score of at least 100.
Prince Edward Island is a wonderful alternative for foreign students looking for a reduced cost of living than other regions. Fees: An MBA at this university would cost you around 6 lakh INR. A full-time MBA programme needs
Hold a four-year bachelor's degree.
GMAT or extremely high undergraduate academic score.
IELTS score of at least 7 or TOEFL score of 100.
The University of Calgary provides flexible MBA programmes, including options for full-time, part-time, accelerated, and executive MBAs. The thesis-MBA programme at the University of Calgary is one of the most affordable MBA programmes in Canada for overseas students.
Fees: An MBA at this university costs around 14 lakh INR.
Let's look at the basic prerequisites for an MBA at the University of Calgary.
GPA of 3.3 out of 4.4, an A on the grading system, or 86% on the percentile score.
GMAT score of over 600.
A thoughtful SOP for the MBA programme of your choosing.
A minimum of two letters of recommendation from professional colleagues or academic mentors.
University of Victoria is a top MBA institution in Canada with affordable rates. The Sardul S. Gill Graduate School of the Peter B. Gustavson School of Business provides low-cost MBA programmes. It introduces students to new employment opportunities such as socially responsible business leadership, community building, and entrepreneurship. Top recruiters are eager to hire MBA grads from the University of Victoria.
The Asper School of Business at the University of Manitoba is one of the cheapest MBA programmes in Canada. It was founded in 1968 and certified by AACSB in 1999. The MBA programme at Asper School of Business upholds a tradition of exceptional education and mentorship in business foundations, decision-making processes, and leadership tactics. The MBA programme here is intended to meet the market-driven expectations of the modern industry.
The MBA programme at the University of New Brunswick seeks to build innovative and entrepreneurial leaders. After completing the course, students get access to a variety of networking opportunities and business consultancy tasks. You can pursue a full-time or part-time MBA at the University of Brunswick, depending on your interests and preferences. The knowledgeable faculty members support your development as a business and management expert.
Saint Mary's University's MBA programme seeks to develop responsible leadership while providing unique foreign and local business experiences. Its many courses assist in the development of an inventive and entrepreneurial attitude. These uniquely developed immersive MBA programmes help you learn to embrace uncertainty and succeed in the market.
The MBA programmes at Memorial University of Newfoundland (MUN) are AACSB certified and receive financial aid through government subsidies. The institution is a pioneer in MBA programmes that incorporate business ethics as a key subject.
Fees: An MBA at this university costs ~7 lakh INR.
Below are the basic prerequisites for a MUN MBA:
GPA of at least 2.75 on the grading system, with a percentile score of 80-82%.
GMAT scores of at least 550 are required.
The minimum job experience is two years.
IELTS score of 7.0; TOEFL scores of 580 (pBT) and 237 (cBT).
At least two letters of recommendation from professional colleagues and academic faculty.
Wilfrid University offers various accreditations, including two MBA specialisations. The courses provided at Wilfrid are an excellent starting point for those interested in pursuing a PhD in Canada.
Fees: An MBA at this university costs around 8 lakh INR.
Here are the entrance criteria for an MBA at Wilfrid Laurier University.
A four-year bachelor's degree.
GMAT score of at least 550.
Work experience of at least two years.
IELTS 7 or TOEFL 89.
Three letters of reference (professional and academic).
Laval University is accredited by both AACSB International and EQUIS. The institution also offers scholarships totaling 5000 CAD to outstanding students. The Laval MBA programme is the finest alternative for obtaining an MBA in Canada without a GMAT.
Fees: An MBA at this university costs around 16 lakh INR.
Admission Requirements for the MBA at Laval University:
A four-year bachelor's degree.
IELTS score of 6.5 or TOEFL score of at least 79.
A well-designed presentation or personal message.
Ryerson University, located in Toronto, provides MBA students with intriguing career options.
Fees: An MBA at this university costs around 19 lakh INR.
Here are the entrance requirements for an MBA at Ryerson:
A GPA of 3 on a scale of 4.33 corresponds to a grade of B+.
A good GRE score of at least 130.
The minimum job experience is two years.
Two letters of reference for the MBA programme.
Statement of Intent for Foreign Education.
IELTS 7.5 or TOEFL 100.
To pursue a cheap MBA in Canada, you must fulfil certain qualifying requirements. This requirement changes depending on the type of programme and university. The fundamental qualifying criteria for an MBA in Canada are listed below:
A four-year bachelor's degree from an authorised university.
Documents: SOP, LOR, and Essay Questions
TOEFL or IELTS scores
GMAT (550–650) or GRE scores
Typically, 2 to 5 years of job experience.
Even while low-budget college entrance standards are comparable to those of top MBA colleges, the benefit is that an MBA at these institutions is more affordable. There are several MBA programmes available, including those at the University of New Brunswick, Ted Rogers School of Management, Haskayne School of Business, Carleton University, Concordia University, Saint Mary's University, and Sprott School of Business. Before committing to an institution, students should research curricula, specialisations, and post-MBA career options. Contact PW Study Abroad Counsellors for more information.
1. What is the most effective approach to identify high-quality, cheap MBA programmes in Canada?
Students frequently spend a significant amount of time researching and determining the finest budget MBA programmes. To select a good inexpensive MBA institution, sort provinces by cost of living. Once you've narrowed down your options, check for reputable colleges that provide your desired specialisations. After you've cut down the list to the last handful, look into the educational requirements for each institute.
2. How much does an MBA in Canada cost?
Three of the world's top fifty universities are Canadian. The nation has about 97 higher education institutions. An MBA in Canada costs between $2500 and $40,000. Ontario boasts the most MBA programmes, with 22 public universities that provide world-class education.
3. Is an MBA in Canada inexpensive?
International students might incur significant costs when pursuing an MBA in Canada. An MBA from Canada's leading colleges may cost anything from CAD 40,000 to CAD 100,500. However, there are also low-cost business schools in Canada for overseas students, with tuition starting at CAD $12,000.
4. Is an affordable MBA in Canada synonymous with low academic performance?
No, a cheap MBA in Canada does not imply poor academic performance. Some institutions in Canada get government money to help keep tuition costs low. Every year, many MBA applicants from around the world look for a reputable yet reasonably priced MBA programme in Canada.
5. Do inexpensive MBA programmes in Canada sacrifice on quality?
Ans: No, a cheap MBA in Canada does not imply poor academic performance. Some institutions in Canada get government money to help keep tuition costs low. Every year, many MBA applicants from around the world look for a reputable yet reasonably priced MBA programme in Canada. Furthermore, these universities ensure that the programme does not impair the quality of education or the prospects available to MBA graduates who study in Canada.
