Canada is a popular destination for international students who want to pursue a Master of Business Administration (MBA) degree. Canada offers a high-quality education system, a diverse and multicultural society, and a strong economy.
However, studying in Canada can also be expensive, especially for international students who have to pay higher tuition fees and living costs than domestic students.
Fortunately, there are some options for international students who are looking for a low-cost MBA in Canada.
In this article, we will introduce 10 of the cheapest MBA programs in Canada for international students, based on the tuition fees for the academic year 2023.
We will also provide some information about the admission requirements, the duration, and the curriculum of each program.
Note that the tuition fees are subject to change and may vary depending on the exchange rate, the number of credits, and the additional fees. Therefore, it is advisable to check the official websites of the universities for the most updated information.
10 Cheapest MBA Programs in Canada for International Students.
1. University of New Brunswick.
The University of New Brunswick (UNB) offers a full-time MBA program that can be completed in 12 months. The program covers core business topics such as accounting, finance, marketing, operations, and strategy, as well as elective courses in areas such as entrepreneurship, international business, and social responsibility. The program also includes a capstone project that allows students to apply their knowledge and skills to a real-world business problem.
The tuition fee for the MBA program at UNB is CAD 12,410 for the first year and CAD 9,930 for the second year. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher, a TOEFL score of 90 or higher or an IELTS score of 6.5 or higher, and at least two years of work experience.
2. Laval University.
Laval University is a French-speaking university located in Quebec City. It offers a full-time MBA program that can be completed in 16 months. The program consists of 45 credits, including 30 credits of core courses and 15 credits of elective courses. The program covers topics such as management, leadership, innovation, ethics, and globalization. The program also offers the option of doing an internship, a study abroad, or a research project.
The tuition fee for the MBA program at Laval University is CAD 14,774. The admission requirements include a bachelor’s degree with a minimum GPA of 3.2, a GMAT score of 580 or higher or a GRE score of 300 or higher, a TFI score of 785 or higher or a DALF C1 or C2 certificate, and at least two years of work experience.
3. Memorial University of Newfoundland.
Memorial University of Newfoundland (MUN) is located in St. John’s, the capital city of Newfoundland and Labrador. It offers a full-time MBA program that can be completed in 12 months. The program consists of 20 courses, including 14 core courses and six elective courses. The program covers topics such as accounting, finance, marketing, operations, strategy, and sustainability. The program also includes a consulting project that allows students to work with a real client and provide recommendations.
The tuition fee for the MBA program at MUN is CAD 9,700. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher or a GRE score of 300 or higher, a TOEFL score of 80 or higher or an IELTS score of 6.5 or higher, and at least two years of work experience.
4. University of Calgary.
The University of Calgary is located in Calgary, Alberta, one of the most livable cities in the world. It offers a full-time MBA program that can be completed in 20 months. The program consists of 20 courses, including 10 core courses and 10 elective courses. The program covers topics such as accounting, finance, marketing, operations, strategy, and leadership. The program also offers the option of choosing a concentration in areas such as entrepreneurship, finance, global energy management, marketing, project management, or real estate.
The tuition fee for the MBA program at the University of Calgary is CAD 27,919. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher or a GRE score of 300 or higher, a TOEFL score of 86 or higher or an IELTS score of 6.5 or higher, and at least two years of work experience.
5. Vancouver Island University.
Vancouver Island University (VIU) is located in Nanaimo, British Columbia, on the east coast of Vancouver Island. It offers a full-time MBA program that can be completed in 14 months. The program consists of 16 courses, including 12 core courses and four elective courses. The program covers topics such as accounting, finance, marketing, operations, strategy, and ethics. The program also includes a practicum that allows students to gain hands-on experience in a local or international organization.
The tuition fee for the MBA program at VIU is CAD 30,000. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 500 or higher or a GRE score of 290 or higher, a TOEFL score of 88 or higher or an IELTS score of 6.5 or higher, and at least two years of work experience.
6. HEC Montréal.
HEC Montréal is a French-speaking business school affiliated with the University of Montréal. It offers a full-time MBA program that can be completed in 12 months. The program consists of 45 credits, including 30 credits of core courses and 15 credits of elective courses. The program covers topics such as accounting, finance, marketing, operations, strategy, and leadership. The program also offers the option of doing a specialization in areas such as consulting, entrepreneurship, finance, innovation, or international business.
The tuition fee for the MBA program at HEC Montréal is CAD 45,000. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 570 or higher or a GRE score of 300 or higher, a TFI score of 850 or higher or a DALF C1 or C2 certificate, and at least two years of work experience.
7. Ryerson University.
The University of Ryerson is a public university located in Toronto, Ontario. It offers two full-time MBA programs: the MBA Global and the MBA in Management of Technology and Innovation (MBA-MTI). Both programs can be completed in 12 months, or 16 months if the student needs to take foundation courses. The programs cover core business topics such as accounting, finance, marketing, operations, and strategy, as well as electives in areas such as entrepreneurship, international business, and social responsibility. The programs also include a consulting project that allows students to work with a real client and provide solutions to a business challenge.
The tuition fee for the MBA programs at Ryerson University is CAD 32,000, making it one of the cheapest MBA programs in Canada for international students. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher or a GRE score of 305 or higher, a TOEFL score of 90 or higher or an IELTS score of 6.5 or higher, and two letters of recommendation.
Ryerson University is ranked 801-1000 in the QS World University Rankings 2022 and has a reputation for excellence in teaching and research.
8. Victoria University MBA
Victoria University is a public university located in Victoria, British Columbia. It offers a full-time MBA program that can be completed in 17 months. The program covers core business topics such as accounting, finance, marketing, operations, and strategy, as well as electives in areas such as entrepreneurship, international business, and social responsibility. The program also includes a consulting project that allows students to work with a real client and provide solutions to a business challenge.
The tuition fee for the MBA program at Victoria University is CAD 35,000, making it one of the cheapest MBA programs in Canada for international students. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher or a GRE score of 305 or higher, a TOEFL score of 90 or higher or an IELTS score of 6.5 or higher, and two letters of recommendation.
Victoria University is ranked 370 in the QS World University Rankings 2022 and has a reputation for excellence in teaching and research.
9. University of Alberta MBA
The University of Alberta is a public university located in Edmonton, Alberta. It offers a full-time MBA program that can be completed in 20 months. The program covers core business topics such as accounting, finance, marketing, operations, and strategy, as well as electives in areas such as entrepreneurship, international business, and social responsibility. The program also offers various specializations such as finance, innovation and entrepreneurship, natural resources, energy and environment, public policy and management, and sustainability.
The tuition fee for the MBA program at the University of Alberta is CAD 37,000, making it one of the cheapest MBA programs in Canada for international students. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher or a GRE score of 305 or higher, a TOEFL score of 100 or higher or an IELTS score of 7.0 or higher, and two letters of recommendation.
The University of Alberta is ranked 119 in the QS World University Rankings 2022 and has a reputation for excellence in research and innovation.
10. University of Windsor MBA
The University of Windsor is a public university located in Windsor, Ontario. It offers a full-time MBA program that can be completed in 14 months. The program covers core business topics such as accounting, finance, marketing, operations, and strategy, as well as electives in areas such as entrepreneurship, international business, and social responsibility. The program also includes a co-op option that allows students to gain practical experience in a relevant industry.
The tuition fee for the MBA program at the University of Windsor is CAD 38,000, making it one of the cheapest MBA programs in Canada for international students. The admission requirements include a bachelor’s degree with a minimum GPA of 3.0, a GMAT score of 550 or higher or a GRE score of 305 or higher, a TOEFL score of 100 or higher or an IELTS score of 7.0 or higher, and two letters of recommendation.
The University of Windsor is ranked 651-700 in the QS World University Rankings 2022 and has a reputation for excellence in teaching and research.
