MBA in Canada: Fees, Universities, and Eligibility for Indian Students

MBA in Canada: Fees, Universities, and Eligibility for Indian Students

MBA in Canada - The Master of Business Administration (MBA) is a highly sought-after education that provides students with several employment prospects globally. Over 40 Canadian institutions and colleges offer MBA programmes. To pursue an MBA at a top MBA school in Canada, an average GMAT score of 550-720 is necessary. MBA programmes in Canada are among the most economical options for foreign students when compared to other popular study destinations.

MBA in Canada

MBA in Canada is the most popular degree programme among Indian students, with an application increase of about 50% in the previous two years. Over 40 Canadian institutions and colleges offer MBA programmes. For MBA admissions in Canada, applicants must have a GMAT score of 550-750, at least two years of professional work experience, and an IELTS score of 6.5-7.

The cost of studying MBA at Tier 1 institutions in Canada is over 60 lakhs, whereas Tier 2 universities cost as little as 35 lakh. When compared to the United States and the United Kingdom, there is a significant difference of 7-11 lakhs. Easy post-work visas, inexpensive institutions, growing SMEs and startups are some of the primary reasons why Indians want to study in Canada.

MBA in Canada - Eligibility Criteria for Indian Students

Before we go into the best universities, let us briefly go over the qualifying requirements for MBA colleges in Canada for Indian students.

Here's what you should remember:

Prior Qualification

If you're applying to an MBA college in Canada, or anyplace else, you must have earned a Bachelor's degree. The qualification must be from a reputable university. That does not imply that it must be pricey or world-renowned. MBA institutions in Canada need proof that you have graduated from a government-approved university.

GMAT Score

To be admitted to one of Canada's best MBA institutions, you must take the GMAT exam and score well.

Proficient in English

Because Canada is an English-speaking country, you must take an IELTS or TOEFL exam and score well. This is to guarantee that you can easily acclimatise to the nation and understand the lessons offered in English.

You do not need to be an aficionado, but you should be able to understand, read, write, and speak English proficiently.

Work Experience

Even though job experience is not required, most MBA programmes in Canada prefer to enrol candidates with some previous industry experience. This allows you to add a new viewpoint to professional classroom discussions.

Those with job experience are well-represented in Canada's top MBA colleges.

Application Process for an MBA in Canada

The application procedure for an MBA in Canada is rather extensive, thus it is recommended to begin the application process 15-18 months before the desired session. To acquire the application form, visit the university's official websites.

Documents Required to Apply in Canada:

• Please provide all graduate programme documentation, including your GMAT and English language proficiency exam scores (TOEFL or IELTS).

• Financial paperwork and bank statements

• Resume, CV, SOP, Cover Letter, and Work Experience Document.

• Visa documents

• Letter of recommendation (LOR)

MBA in Canada - Universities and Fees for Indian Students

The cost of education in Canada for Indian students varies according to the university and programme. In general, studying in Canada is less expensive than in the United States or the United Kingdom, making it an appealing destination for Indian students.

Tuition prices for MBA programmes range from INR 17.5L to INR 85.6L. However, the cost of living, which includes housing, food, transportation, and other costs, might add up to the total cost. It is important to plan and budget appropriately in order to handle the costs of studying in Canada.

The following table shows the approximate tuition prices for MBA programmes at the best institutions in Canada for Indian students.

For Indian students, the MBA from Canada costs around 70,000 CAD (43 lakhs INR), which includes pre-arrival fees, tuition, and living expenses. Tuition fees make up the majority of the MBA cost in Canada.

MBA in Canada Fees:

Though there are some low-cost MBA programmes in Canada, Tier 1 and Tier 2 colleges charge tuition fees of roughly 50,000 CAD (30 lakhs INR). The MBA costs at major Canadian universities are listed below:

Conclusion

These programs always look for well-deserving students with a passion for their careers. There are other expenses to be taken into account when applying to Canada, such as the cost of living. But you are not alone. There are many Indian students, as well as native Canadians, who face similar problems. You can get institutional knowledge from the MBA colleges in Canada. But you also get hands-on experience in the Canadian market with your part-time jobs. This enables you to upgrade your CV with actual experience in Canada, thus increasing your chances of getting hired easily.

FAQs

Q.1. How long does it take to complete an MBA in Canada?

A. Pursuing an MBA in Canada typically takes between one and two years. However, some colleges offer an 8-month MBA education. For example, Ivy Business School in Canada provides MBA programmes from 8 months to a year.

Q.2. Are IELTS necessary for Indian students doing an MBA in Canada?

A. Yes, most colleges in Canada require Indian applicants to demonstrate their English competence by taking the IELTS exam. It guarantees that students can comprehend and communicate successfully in an English-speaking academic setting. However, certain colleges may accept alternative examinations, like the TOEFL or PTE.

Q.3. What is the cost of an MBA in Canada for Indian students?

A. The cost of acquiring an MBA in Canada varies per university. The average tuition expense for an MBA in Canada is between INR 17.5L to INR 85.6L. The cost of studying in Canada is lower than in the UK and the USA, making it an excellent choice for Indian students.