MBA in Canada & What it Takes: Top Universities, Eligibility, Cost and Scholarships

    Updated on: 06 Sep 2023 6 min read

    The question of 'why study an MBA in Canada' is oft asked. Because, globally, colleges in the US and UK rank higher. Focusing on the top four colleges in Canada for an MBA, we explore this topic in this article.

    More Reasons as to Why MBA in Canada is an Outstanding Option

    For a student thinking of taking an Education Loan for Abroad Studies, the financial factor matters a lot because it determines the burden on the pocket. The cost of an MBA in Canada is relatively lower than that of most management programs in US/UK. Additionally, unlike US/UK, you can easily apply for a work visa / Permanent Residence in Canada after completing the studies.
    Some common Eligibility features to pursue MBA in Canada are:

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    Costs Involved at Schulich:

    • Application fee: CAD$150.
    • Tuition fee: Approximately CAD$101,900. The figure encompasses the ancillary and referenda fees that the college charges but not UHIP.
    • The living expenses for the complete four terms (one term = 4 months) would be:
      • Books/Course Materials: CAD $3000
      • Rent (on campus): CAD $20,000
      • Rent (off campus): CAD $8000 - $19,200
      • Food: CAD  $6,000
      • Personal: CAD  $4,000

    Financial Aid & Scholarships at Schulich:

    To provide overseas students with financial support, Schulich automatically considers each applicant for entrance awards based on merit. One such scholarship is:

    • Robert Krembil Scholarship of Merit: Full domestic tuition + living subsidy of approximately $82,400 over two years (academic standing, two years of work experience, communication skills, leadership ability, and contribution within the community).
    • Average Salary: CAD $91,500.
    Check Your Education Loan Eligibility Click Here

Written by Yogender Panchal

Yogender is a tech enthusiast with specialization in digital marketing. He is currently working at Gyandhan a leading company which provides Education Loan who are studying Abroad. Playing Volleyball, driving a car, traveling, researching new online marketing trends are some of his interest areas that keeps his rejuvenated.

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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.

Specializes in:
Education loan , Study Abroad Admissions

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