collageAn MBA in Canada is a 2-years degree program opening a world of lucrative career options. Master in Business Administration (MBA) degree from top business schools in Canada costs anywhere from 16,000 to 80,000 USD. For an Indian student, this will range between 11 Lakhs to 59 Lakhs (affected mostly by the choice of institution). These expenses can be cut to a minimum with the help of scholarships to study in Canada.
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MBA Fees in Canada for International Students
Almost all Canadian Business Schools require 16 years of undergraduate education. That is, four years of education after High School/Junior College.
If you have a three year degree from an Australian, Indian, New Zealand university or such similar three year degree programs, you will not be eligible for admission to most MBA programs. You would require a professional four-year degree like engineering or other such courses.
Most business schools in Canada require a minimum GPA of 3.0 – 3.5 (More than 70%) for admission to the MBA program.
Admissions to Canadian business schools are extremely competitive.
Top MBA Colleges in Canada with Fee Structure
Cost/Quality of Life
| College/University | Duration | Tuition Fee (for 1st year) |
|---|---|---|
| Rotman School of Management | 2 years | CAD 59,450 |
| Queen’s Smith School of Business | 1 year | CAD 91,000 |
| York University – Schulich | 2 years | CAD 52,040 |
| McGill Desautel | 20 months | CAD 44,500 |
MBA Fees in Canada for Permanent Residents
Scholarships/Financial aid
Being a professional course there is a limited scope of getting financial aid for international students for pursuing an MBA program in Canada. However, some students can get scholarships based on their excellent academic and other achievements relevant to the program. Many a times students are awarded part waiver because of the top scores in GMAT and other academic achievements. Apart from this, candidates can apply to these popular scholarship programs:
- Ontario Graduate Scholarships (OGS): The aim of this fellowship is to provide quality education at the master’s and doctoral levels. It is funded by the government.
- University of Waterloo Graduate Scholarship: The University of Waterloo offers this scholarship to meritorious students who are pursuing graduate studies.
- Central Sector Scheme of National Overseas Scholarship for SC etc. candidates- (All countries except UK): This scholarship is awarded to the meritorious students who wish to pursue master’s or Ph.D. abroad.
- Go Clean Scholarship: This scholarship is awarded to meritorious students and want to pursue their higher studies abroad.
Eligibility/Requirements for studying MBA in Canada
Some of the basic requirements for getting admission in MBA programs:
- Bachelor’s degree: The candidate must have a bachelor’s degree from a recognized university/institution.
- Work experience: The candidate must have relevant work experience as universities give preference to those who obtained work experience. It is not a mandatory requirement, however, it gives an edge to the aspirants over others.
- English Language Proficiency: If the candidates belong to a non-native English-speaking country then they need to prove their English language proficiency. They need to secure a good IELTS or TOEFL score for securing admission.
- GMAT: A good GMAT score is required to get into a top university/college to pursue an MBA program in Canada.
Most universities require candidates to submit a GMAT score for giving admission. You need to visit the official https://www.mba.com… and register for the test. Also, every college has a different GMAT score requirement. So, you have a target score before planning for the GMAT test.
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