- According to Financial Times MBA Rankings 2022, around 5 universities in Canada are in the world’s top 100.
- Based on QS MBA rankings (2022), almost 10 business schools & universities in Canada are ranked in the world’s top 100.
- The business management program is one of the top programs preferred by students to study MBA.
- Students get an additional opportunity to work post-study.
- The Canadian Government is student-friendly and welcomes MBA students to present their startup ideas.
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Part-time MBA
- Part-time MBA is similar to EMBA with a difference in the number of years of work experience required.
- Students with a minimum of 2 years of work experience can apply for a part-time MBA.
- The duration of the course is also longer compared to EMBA, generally being 3 years.
- Both, Part-time and Executive MBAs let you retain your full-time job.
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Full-Time MBA
- The duration of a full-time MBA is 1-2 years.
- Students who want to understand the business industries and culture of Canada prefer to study Full-Time MBA.
- Students do not work professionally simultaneously with their studies.
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Executive MBA (EMBA) or Professional MBA (PMBA)
- Executive MBA is for professionals with an average of 16 years of work experience with an average of 10 years in a managerial role, mostly from a mid-to-senior manager role.
- It is usually a one-year course that drastically accelerates your leadership skills and builds skills.
- The curriculum is designed to suit the career goals of the professionals as is the class schedule.
- Classes are mostly held on weekends (offline) and online during the week.
- Admission may not require GMAT/GRE. However, it does require an interview, professional recommendations, and an essay.
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International MBA (IMBA)
- International MBA is a specialized program with a curriculum that revolves around global challenges faced by companies, foreign markets, global economics, and cross-border relationships.
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Dual-degree MBA
- MBA-Law
- MBA-MSc in Healthcare Quality
- MBA-Masters in Finance
- MBA-MD
- MBA-MA
- MBA-Masters in Fine Arts
- MBA-Masters in Engineering
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Accelerated MBA
- It is a cost-effective fully-packed course covered in less time and is as good as a 2-year program.
- The quality of the course is not compromised, offering the same specializations as a typical MBA program.
- Students with an undergraduate degree in Finance or Business Administration are admitted to the program.
- An undergraduate degree in any discipline from a recognized university. The majority of colleges ask for a four-year bachelor's degree, however, some may accept a three-year degree
- Experience in any related field of 3-5 years. Work experience of at least 12 months is preferred by institutions
- For Canadian universities, IELTS scores must be at least 6.5
- To be admitted to a good Canadian university, you need a GMAT score of 500-700 out of 800
- Under special circumstances, a study gap is acceptable in Canada.
- Ivey MBA scholarships
- Ontario Graduate Scholarship (OGS) Program
- Rotman School of Management Scholarships
- Sauder School of Business Entrance Scholarship
Updated on: 21 Mar 2023
Table of Content As we know, world economies are dynamic and keep on changing. It is crucial to have the right set of skills and qualifications for dealing with management situations. Here comes the role of an MBA; to expand the horizon of knowledge for accurate decisions. But to pursue MBA, it is important to have experienced faculties, a renowned institution, excellent infrastructure, and a good program. In this blog, we will understand why MBA in Canada is in demand and the cost of studying for an MBA in Canada with various other points Canada, the country of maple Leaf is one of the top preferred destinations by International students to study MBA. Scenic places, beautiful valleys, world-renowned institutions, and good quality of life are a few of the reasons that attract International students. Let's look at facts and figures from various institutions ranking sites. Read more about: MBA in Canada: Top Universities, Eligibility, Cost and Scholarships These are the top reasons for students that makes Canada an ideal country to study MBA. Now that we know the reasons, it's time to look at the types of MBA with their study costs in Canada. Types of MBA Average Cost Part-time MBA CAD 30,000 - 40,000 Full-Time MBA CAD 60,000 - 100,000 Executive MBA CAD 40,000 - 135,000 International MBA (IMBA) CAD 71,000 - 112,250 Dual-degree MBA CAD 230,201 - 476,970 Accelerated MBA CAD 79,000 - 84,000 Average cost of Part-time MBA: CAD 30,000 - 40,000 Average cost of Full-Time MBA: CAD 60,000 - 100,000 Average cost of Executive MBA: CAD 40,000 - 135,000 Average cost of International MBA: CAD 71,000 - 112,250 Also known as a Joint degree or Combined degree MBA, a dual degree allows students to combine a business degree with a different graduate program, for example, a Law degree or an MD. Some joint degree programs offered are: Average cost of Dual-degree MBA: CAD 230,201 - 476,970 Average cost of Accelerated MBA: CAD 79,000 - 84,000 So, we are now clear on the various types of MBA offered in Canada. Our research doesn't stop here! Let's get deeper to know all the details. Fill the form to get free expert help The cost of studying for an MBA in Canada varies from university to university. In general, it will cost you around $50,000 to $1,50,000 (institution cost only). When compared to countries like US and UK, the cost of studying MBA in Canada is more affordable. Also, there are various scholarships available for Indian students that we will discuss in the coming stages. The below table contains information about top universities along with the cost of studying and top programs. University/School Name Cost of Studying Kellogg/York University: Schulich $112,250 Cornell University: Johnson/Queen's University: Smith $74526.11 University of Toronto: Rotman $133,740 Queen's University: Smith $104,100 Western University: Ivey $123,500 York University $133,700 HEC Montreal $59,000,38 until summer 2022 $86,000-$92,000 $40,824.64 A student living in Canada will have to bear expenses ranging from 19,000 to 22,000 CAD annually. The following is a breakdown of the same monthly: Category Cost (in CAD) Accommodation cost 900-1200 Food 400-500 Phone & Internet 200-300 Entertainment 60-200 Miscellaneous 200-400 Read more about: Cost of living in Canada It is estimated the pre-arrival cost would be around CAD 13184 to CAD 2000. Category Cost (in CAD) one-way flight tickets 1500 Visa fees 150-200 University application fees 150 (varies according to the university) Purchase of GIC (Guaranteed Investment Certificate) 10,200 Health insurance 600-900 Read Also: The following are the most common MBA entry requirements, although each institution will have its own. Often students search for scholarships to support their education expenses. Below are some of the scholarships that will help you out: These are a few scholarships that might help you to fund your tuition fees. Read more about: Scholarships for International Students in Canada
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Reasons to pursue an MBA in Canada
Types of MBA to study in Canada
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MBA Fees in Canada at the Top Universities
$59 000 from fall 2022
Cost of Living in Canada
Pre-Arrival Cost for MBA in Canada
Let’s understand the breakdown
The next part of the blog is a crucial segment as you will learn about the eligibility criteria
Eligibility Criteria to study MBA in Canada
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Scholarships
First published date: 03 Nov 2022
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Mansi Bisht
Meet Mansi, an expert in the field of study abroad with half a decade of experience in content management and finance. Her background in Bachelor of Business Administration (BBA) has equipped her with skills to scale the business to greater heights.
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