Top 20 Cheapest MBA in Canada for International Students in 2022: Everything You Need to Know

Global Ed

Studying a master’s of business administration is an excellent choice for students who want to pursue a career in business and management. MBA is one of the best programs that is considered both an investment of time and money, and pursuing an MBA will provide you with all knowledge and skills required to fit into the business community.

When it comes to pursuing an MBA in a global ed destination, Canada is one of the most popular destinations that attract a large number of international students every year. Canada is well known for its internationally acclaimed business universities, high quality of education, unmatchable research standards, and living expenses.

Canada will be the right choice for students who are looking to pursue an MBA in a world-class educational institution at an affordable price. Universities in Canada parallel the U.S. universities when it comes to education standards, and yet the course will only cost one-fourth of what you will have to pay in other global ed destinations like the U.S. or the U.K.

So, in this article, the team T.C. Global has conducted extensive research to give you a clear idea of the cheapest universities to pursue an MBA in Canada and the programs offered in these universities, along with all the other eligibility criteria.

Here is what we’ll look at today

Types of low-cost MBA in Canada

Canadian universities offer different kinds of degrees, diplomas, and certificates in MBA. Bachelor’s, master’s, and doctorate degrees are really popular among international students as these are considered courses with a higher standard of education.

The average cost for doing an MBA in Canada will be dependent on factors like the duration of the study, the language of instruction, nature, structure, and popularity of the university, and the particular specialised course. Here is a list of different degrees that you can pursue in Canada:

  • Full Time
  • Part-Time MBA
  • Dual Degree MBA
  • Professional MBA
  • Accelerated MBA
  • Executive MBA

Eligibility for MBA in Canada

Universities and colleges in Canada have different entry criteria for different specialisations, in general, the universities will have the basic criterion of having a three or four years bachelor’s degree from a recognised institution, an IELTS score of 6.5 or above is required in a few institutions, good GMAT/GRE score is a basic criterion in most of the universities, and also few institutions look for the candidate’s work experience.

The GMAT score will be in addition to the IELTS/TOEFL score, and there are also few universities in Canada where you can get admission without the GMAT by providing the certificate of work experience.

Best Low-Cost Universities to pursue MBA in Canada in 2022

Memorial University of Newfoundland Memorial University of Newfoundland is the largest university in Atlantic Canada, and the university has a student population of 18000 and more. The Memorial University of Newfoundland is one of the most popular universities and offers the cheapest MBA in Canada for international students.

The MBA program at the Memorial University of Newfoundland is accredited by the Association to Advance Collegiate Schools of Business (AACSB). The university offers an MBA with business ethics as the core subject, which makes it unique when compared to all the other university curriculums.

According to the Q.S. World University Ranking 2022, the Memorial University of Newfoundland is ranked between 751 – 800 in the world, and it is ranked 23rd among the top Universities in Canada. The affordable MBA programme at the university focuses on providing the required business knowledge and leadership skills to students who are looking forward to becoming part of the business and management fields.

The program fee to do an MBA program from the Memorial University of Newfoundland will be around CA$9,700, and this is one of the cheapest and most popular universities to look out for if your aim is to get an MBA degree from a reputed university.

University of Northern British Columbia

Overview

University of Northern British Colombia is one of the most popular universities for international students, and this is also one of the most culturally diverse universities that accommodates 11% of international students.

The university is famous for its path-breaking research outcomes, and there are more than 60 undergraduate and postgraduate courses offered by the university for international students.

The university is an open research institution that is associated with the university of Canada and the International Association of universities. The MBA program in the university has a particular focus on educating the students with advanced research skills and mastering them in specific areas like operational management, international business, finance, human resource, and marketing.

Ranking

According to the Q.S. World University Ranking 2022, the University of Northern British Columbia is ranked between 801-100 in the world, and according to the U.S. News and World Report ranked the university 31 in the best global universities for 2021.

Fee and duration

It will cost CA$9,700 to do an MBA program from the Memorial University of Newfoundland, and this is one of the cheapest and most popular universities to look out for if your aim is to get an MBA degree from a reputed university. The admission requirement of two years of full-time work is a mandatory criterion at the University of Northern British Columbia.

The MBA consists of 20 courses and can be completed in two years over four to six academic semesters of full-time study. For a Part-time MBA student, it normally takes three to four years to complete the program, depending on the number of courses they complete per semester.

University of Manitoba

Overview

The University of Manitoba is one of the most popular public research universities in the province of Manitoba. With respect to the student enrolment and campus area, the University of Manitoba is the largest university in the province of Manitoba and the 17th largest in all of Canada.

The University of Manitoba is accredited by the AACSB, and the MBA program here is designed to meet the market-driven needs of industry professionals.

Ranking

According to the Q.S. World University Ranking 2022, the University of Manitoba is ranked between 601-650 in the world and according.

Fee and duration

It will cost CA$27,919 to do an MBA program at the University of Manitoba. For a student who is doing the full-time MBA at the University of Manitoba it will take 12 months or up to two years and for a student who is doing a part-time MBA, it takes up to six years, where the average is three years.

University of Saskatchewan

Overview

The University of Saskatchewan is a research-driven university with over 25,700 student enrolments. Three are students from over 130 countries who have secured admission to the university, and this makes it an exceptionally culturally diverse space for student interaction. The MBA program at the university is an intense two-year course that gives the student an opportunity to enhance their management and leadership skills in an applied way.

Ranking

According to the Q.S. World University Ranking 2022, the University of Saskatchewan is ranked 458th rank in the world.
Fee and duration

It will cost CA$4,992 to do an MBA program at the University of Saskatchewan. The MBA program at the University of Saskatchewan can be completed in only 12 months if taken full time, or part-time for up to 36 months.

Saint Mary’s University

Overview

The Sobey School of Business at Saint Mary’s University is top-rated for the low-cost MBA program for international students. The program is offered with a special focus on equipping the student with the required knowledge and tools to be an effective leader in today’s global economy. The program will cultivate the innovative and entrepreneurial mindset of the student through the highly acclaimed curriculum. This is a university that is accredited by the AACSB, and around 50% of the student population comes from outside Canada.

Ranking

Saint Mary’s University is ranked fourth among undergraduate universities in Canada by the Maclean’s magazine and the university is ranked fourth among primarily undergraduate universities for 2021 by the same ranking agency.

Fee and duration

The MBA program at Saint Mary’s University will cost around CA$28,655, and this is one of the cheapest universities to look out for when it comes to doing an MBA in Canada.

Eligibility for MBA in Canada

Overview

The University of Ottawa, popularly k referred to as uOttawa or U of O, is a bilingual public university in Ottawa. Ottawa University admissions are selective, with an acceptance rate of 24%. Most of the applicants admitted to Ottawa University have an SAT score between 750 and 990 or an ACT score of 18 and 22. The MBA program in the university is designed to train the students to undertake and disseminate rigorous academic, applied, and policy research in management.

Ranking

The university has grabbed the 230th position in the Q.S. World University Rankings: 2022 makes it one of the best places to study for international students.

Fee and duration.

Program fee to do an MBA program will be around CA$18,699, which is one of the lowest when compared to all the other Canadian universities. The university offers a two program format, one is to accelerate your MBA and complete the program in one year, this program will be offered in English only and this will help students to move on to their next challenge or maximize learning and career development, simultaneously with the professional 2-year program which will be offered in English or French.

University of Waterloo

Overview

This is a public research university with 404 hectares of land campus. The university offers academic programs administered by six faculties and thirteen faculty-based schools. The university currently has four libraries housing more than 1.4 million books, as well as electronic resources including e-books, serial titles, and databases.

Ranking

The University of Waterloo ranks among the world’s top 175 universities in the Q.S. World University Rankings and the top 250 in the Times Higher Education World University Rankings 2021. The acceptance rate at the University of Waterloo is 53%, and Waterloo has the 10th best water research institution in the world and is the only Canadian institute in the top 10 according to Lux research.

Fee and duration

The program fee to do an MBA program will be around CA$18,774 at the University of Waterloo and the MBA program will be for a duration of two years.

John Molson School of Business, Concordia University

Overview

Commonly known as John Molson, the John Molson School of Business is located in Montreal and was ranked fifth in Canada by Bloomberg Businessweek’s Best B-Schools survey for 2021-22. The John Molson School of Business was established in 1974 by Concordia University.

Ranking

According to the Q.S. World University Ranking 2022, the Memorial University of Newfoundland is ranked between 521-530.

Fee and duration

The program fee to do an MBA program will be around CA$37,500 at the John Molson School of Business, Concordia University. The MBA program is offered both as full-time and also a part-time course for a duration of two to six years.

HEC Montreal

Overview

HEC Montréal is regularly recognised as one of the top business schools in Canada and around the globe. It is a public Canadian business school located in Montreal, Quebec, Canada.HEC Montreal was ranked first by value among Canada’s business schools for its MBA program by Canadian Business.

Ranking

According to the Q.S. World University Ranking 2022, the HEC Montreal is ranked between 61-70, and the MBA program at HEC Montreal is one of the top-rated programs and ranked 6th in Canada according to Bloomberg Business.

Fee and duration

The program fee to do an MBA program will be CA$45,000 at the HEC Montreal, and they confirm its reputation for excellence, one that extends well beyond Quebec’s borders. The MBA program at the HEC is for a duration of one year when done as a full-time program or for a duration of two years when done as a part-time program, this will approximately have 600-course hours and a fully integrated learning approach.

Sprott School of Business, Carleton University

Overview

The Sprott School of Business is a popular doctoral-granting business school at Carleton University, and the Corporate Knights magazine awarded the Sprott School of Business with 34th rank in its Better World MBA rankings. The business studies program at the Sprott School of Business has a long history at Carleton, with the first commerce degrees awarded in 1949.

Ranking

The MBA program at this university had earned a place on the prestigious top 40 lists in the better world MBA ranking. The Association accredits the university to Advance Collegiate Schools of Business and the Network of International Business Schools. According to the Q.S. World University Ranking 2022, the Sprott School of Business, Carleton University is ranked between 601-650.

Fee and duration

The program fee to do an MBA program at the Sprott School of Business will be CA$55,000.

The MBA program a the university is offered both full-time and part-time, the full-time program is for a duration of 16 months and the part-time program is for a duration of 30 months.

Ted Rogers School of Management, Ryerson University

Overview

Home to over 12,000 students and more than 200 industry-connected faculty, the Ted Rogers School of Management at Ryerson University is Canada’s leading university. Ted Rogers School of Management is AACSB accredited, and also home to 15 innovative research centers, institutes, and labs.

Ranking

The Ted Rogers School of Management, Ryerson University, is ranked #4 in Canada and among the Top 100 in the World for Citations Per Paper according to the 2021 Q.S. World University Rankings. The university has also secured a position between 801-1000 in the world ranking.

Ted Rogers School of Management MBA program is currently ranked in the top 10 out of about 45 MBA programs in Canada by Canadian Business magazine.

Fee and duration

The program fee to do an MBA program will be CA$35,818 at the Ted Rogers School of Management. The university offers a 12-month full-time MBA program and a 24-36 month part-time MBA program.

University of New Brunswick

Overview

The University of New Brunswick is the oldest English-speaking university in Canada and is also one of the oldest universities in North America. The University of New Brunswick is popularly known as the most Entrepreneurial University in Canada and gives a clear idea of the affordable business programs of the university. The MBA program at the university aims to develop the students’ leadership skills and holistic education.

Ranking

According to the Q.S. World University Ranking 2022, the University of New Brunswick is ranked between 651-700. The University of New Brunswick offers a one-year Master of Business Administration that develops innovative, entrepreneurial leaders through small class sizes.

Fee and duration

The program fee to do an MBA program will be CAD 12,850 for the first year and CA$9,930 for the second year.

University of Prince Edward Island

Overview

The University of Prince Edward Island is a public university in Charlottetown, and the university traces its roots back to 1804. The university campus, located at Belvedere and University Avenues in Charlottetown, Prince Edward Island’s capital city, is built on 134 acres of land.

Ranking

The University of Prince Edward Island has achieved the seventh rank in MacLeans University Rankings Primarily Undergraduate Universities. The university also has an acceptance rate of 70%, making it easier for international students to get admission very quickly than many other universities.

Fee and duration

The program fee to do an MBA program will be CA$30,000 at the University of Prince Edward Island. The Master of Business Administration in Global Leadership program offered at the University of Prince Edward Island is an intensive and cohort-model program that can be completed in either 12 or 24 months.

Wilfrid Laurier University

Overview

The MBA program at the Wilfrid Laurier University is of two specialisation fields, one is organisational behaviour, and the other is human resource management or supply chain management. The university’s objective is to empower the students with the necessary skill and tools to become successful in their respective fields of education.

Ranking

Laurier has been ranked number 1 in terms of student satisfaction for the last four years by Maclean’s Magazine, as each and every program in the university has been designed to deliver the best student satisfaction.

Wilfrid Laurier University is ranked 1271 in Best Global Universities Rankings by U.S. News & World Report and has an overall score of 4.4 stars.

Fee and duration

There are different study options available at the university; a few are as follows full-time, full-time, co-op, part-time evenings, part-time accelerated, and part-time weekends. The program fee to do an MBA program will be CA$36,240 at Wilfrid Laurier University.

Universite Laval

Overview

Laval University is a public research university in Québec City, which was founded by a royal charter issued by Queen Victoria in 1852. The university is ranked among the top 10 Canadian universities in terms of research funding and holds 4 Canada Excellence Research Chairs.

Ranking

According to Maclean’s magazine, Universite Laval is also ranked second for student satisfaction out of Canada’s top 15 research universities. The university is known for its sizeable intensive research institution in Quebec City and the successful Rouge et or football team. According to the Q.S. World University Ranking 2022, the Universite Laval is ranked 414th position.

Fee and duration

The MBA program at the Universite Laval comes with a program fee of CA$14,774. The MBA program a Laval University is offered as a full-time course and the full-time program is for a duration of two years.

University of Alberta

Overview

The University of Alberta is very well known for its intense research outcomes and the top-notch education that it offers. The Alberta School was the first business school in Canada to receive the desired accreditation of AACSB, and the Alberta School of Business is more than a century old.

The university offers a 20-month program that focuses on providing real-world experience to its students through a blend of case studies, lectures, and applied learning. The MBA program at the University of Alberta mixes case studies, lectures, practicals, mentorship, industry projects, and concepts for students’ professional experience.

Ranking

According to the Q.S. World University Ranking 2022, the University of Alberta is ranked 126th position.The University of Alberta is ranked 135 in Best Global Universities by the US News and the. schools are ranked according to their performance across a set of widely accepted indicators of excellence.

Fee and duration

The MBA program at the University of Alberta has a program fee of CA$28,281. The University of Alberta offers a 20 months MBA program that allows the student to pursue knowledge in a wide range of topics through career tracks, such as a combined degree or a general program.

Simon Fraser University, Burnaby

Overview

Simon Fraser University stands top among the cheapest MBA in Canada for international students. The MBA degree at Simon Fraser University, Burnaby, is provided through the Beedie School of Business, known for its world-class faculty and experiential learning.

Ranking

According to the Q.S. World University Ranking 2022, Simon Fraser University is ranked 298th position. Simon Fraser University is also Canada’s #1 comprehensive university, according to Maclean’s Magazine’s 2022 university rankings.

Fee and duration

The MBA program at Simon Fraser University has a program fee of CA$34,060. For a student who is doing the full-Time MBA at Simon Fraser University will take 12 months or up to two years, and for a student who is doing a part-time MBA it takes up to six years, where the average is three years.

University of Victoria (UVIC)

Overview The University of Victoria is one of the most famous public research universities located in Oak Bay and Saanich, British Columbia. The university is home to more than 21000 students, and this makes it one of the largest universities in Canada.

The university is currently working as an autonomous university, and once, it was affiliated with McGill University. The university famous for its subject-specific research, and the university is specialised in eight areas of research that include data science, cyber-physical systems, ocean science and technology, mathematics, and computer science, indigenous research, culture and creativity, climate and energy, health and life sciences and global studies and social justice.

Ranking

According to the Q.S. World University Ranking 2022, the University of Victoria is ranked 236th position. The University of Victoria is ranked 334 in Best Global Universities by the US News and the schools are ranked according to their performance across a set of widely accepted indicators of excellence.

Fee and duration

The MBA program at the University of Victoria has a program fee of CA$12,738.MBA is offered as a 16 monthly full-time program at the University of Victoria. During the 16-month MBA program, students will collaborate with other peer groups from around the world, tackling tough real-world projects together that span the full spectrum of business disciplines. The university also offers a 24 months weekend MBA which is mainly attended by working professionals as the classes happen on weekends.

University de Sherbrooke

Overview

The University of Sherbrooke is a public French-language university in Quebec, and the university is famous for the scientists and professional faculty members who have made remarkable research theories and world-famous discoveries.

There are currently 2559 international students at the University de Sherbrooke, and the university has three campuses, namely Main Sherbrooke Campus, Longueuil Campus, and The Health Campus.

Ranking

The University of Sherbrooke is awarded 804th position in the Best Global Universities ranking. The university has also secured a rank between 751-800 according to the QS world university ranking and between 351-400 according to the QS WUR subjects by ranking.

Fee and duration

The MBA program at the University de Sherbrooke has a program fee of CA$13,065, which is one of the cheapest. The University of Sherbrooke offers a 16 months full-time MBA program with helps the students to gain all the skills required to be part of the industry.

Vancouver Island University

Overview

Vancouver Island University’s MBA program is known for its international attendance, as students from more than 20 countries prefer the program. Vancouver Island University is considered to be the hub of cultural diversity, with over 1,800 international students and 1,500 aboriginal students.

Vancouver Island University is an internationally well-known university especially for supporting a student population in excess of 15,000 full-time and part-time learners, in which there are close to 3,300 international students and 1,500 aboriginal students.

Ranking

Vancouver Island University ranks 2216 in the latest Nature Index – Top Academic Institutions from Nature Index. According to the Q.S, the university is known as a centre of excellence for teaching, applied research, and learning, and it has an acceptance rate of 52.4%. World University Ranking 2022, Vancouver Island University is ranked 1222h position.

Fee and duration

The MBA program at Vancouver Island University has a program fee of CA$25,600. Full-time MBA at the Vancouver Island University is a 20-month program that includes a series of well-articulated integrated courses in Management, Finance, Marketing, Accounting, Research, and Technology and a 4-month internship, and an applied business project.

We hope the article helped you get an insight into the cheapest MBA in Canada for International Students in 2022. Log on to T.C. Global’s student portal to know more about courses and programmes.

Date added
03.06.2022

Filed under:

Global Ed

Subscribe!

No spam, just your favourite topics.

Choose Insight topics that you are interested in to subscribe for your personalized newsletter.

A world
of possibilities awaits.
Join the movement.
Find your perfect university,
in one of 40 countries all over the world
Prepare for the future,
whether at university, business or in employment
Secure your future,
through smart, international investments
Connect with leading international companies
and unlock the potential of your team
Fill in the form, so we can contact
you and start our journey together.