MBA degrees are one of the most highly sought-after degrees in any field of study. In Canada, you can find some of the most prestigious MBA programs offered, but they can be expensive. In this article, we’ll list see cheapest MBA in Canada for both Canadian and international students to study various courses of their choice.
History of MBA in Canada
The history of the MBA in Canada began in the late 1970s when many Canadian business schools began offering the program. Before this, there were only a handful of MBAs available internationally. The first Canadian school to offer an MBA was the University of Toronto’s Rotman School of Management.
Since then, the number of Canadian MBA programs has continued to grow, with more than 20 schools now offering the degree. The popularity of the MBA among Canadian business professionals is evidenced by the fact that the majority (more than 60%) of current MBAs in Canada are from Canadian institutions.
One reason for this popularity is that MBA graduates are often seen as possessing superior skills and knowledge when compared to their peers who have only completed undergraduate degrees. This is particularly true in fields such as technology, finance, and pharmaceuticals where graduate-level education is often required for career advancement.
Benefits of Studying MBA in Canada
- Low Cost:
The average cost of an MBA degree in Canada is much lower than at comparable American or European universities. This means that you can afford to attend an MBA program without having to worry about significantly increasing your already high monthly expenses.
- Excellent Career Opportunities:
Many Canadian MBAs go on to successful careers in business and management roles. Canadian businesses are well-established and highly respected, which means that there is a great opportunity for talented MBA graduates to find jobs in top organizations here.
- Quality Education:
Unlike many other countries where low-quality MBAs are available at bargain prices, the quality of education available at Canadian institutions is outstanding. You will receive top-notch training and learn from some of the world’s leading experts in business management.
- Easy Passage into a Job:
Many employers accept MBAs from Canadian universities as proof of superior academic credentials. This makes it much easier for you to find a job after completing your program, regardless of your prior experience or qualifications.
Eligible Criteria to Study MBA in Canada
- You must be a Canadian citizen or have permanent residency.
- You must have at least 3 years of work experience after completing your undergraduate degree.
- Your total annual income should not exceed CAD 150,000 (around USD 125,000).
- You must have a good academic record, with no grade lower than B in your undergraduate degree program.
- You must pass the GMAT exam.
- You must also be able to speak English fluently.
Top Universities to Acquire Cheapest MBA in Canada
University of Guelph:
The University of Guelph offers an MBA program that is both affordable and prestigious. The program has consistently been ranked as one of the best value-for-money options in Canada, and it provides students with the skills and knowledge they need to thrive in today’s business world.
Simon Fraser University:
Simon Fraser University is another great option for those looking for an affordable MBA program. The school offers several unique specializations, including business strategy and global marketing management, which makes it a great choice for students who want to focus on specific areas of study.
Ryerson University is known for its strong business programs, and its MBA program is no exception. The school provides students with excellent training in both theory and practice, making it ideal for those who want to enter the workforce immediately after completing their degree.
Queen’s University Belfast:
Queen’s University Belfast offers an incredibly affordable MBA program that is perfect for students who want to study in Northern Ireland. Not only does this program provide excellent value for money, but it also offers exceptionally comprehensive training that will help you succeed in the working world after graduation.
Brock University is another university located in Ontario that offers a reasonably priced MBA program. The average tuition cost for the school’s MBA program is CAD 12,500 per semester, making it one of the more affordable options available in Canada when it comes to obtaining an MBA.
The MBA program is very affordable, costing only $29,590 per year for full-time students. This program offers an intense immersion experience in business concepts and techniques, which makes it perfect for busy professionals who want to gain a deeper understanding of business management principles.
Wilfred Laurier University:
The school has an executive MBA program which is slightly more expensive at $31,860 per year for full-time students, but it offers a wealth of unique course options that can help you tailor your MBA education to your specific needs and career goals. In addition to its great affordability, this program also boasts high ratings from both Forbes and UBA Magazine, making it an excellent choice for those looking for a top-notch MBA program without breaking the bank.
Other Interesting Contents
- Top 7 Low-Cost MBA Universities in Canada to Consider
- List of Top & Affordable Private Universities in Canada
- How to Apply for MBA Programs in Canada
Frequently Asked Questions
Q: How long does it typically take to complete an MBA program in Canada?
A: On average, it takes approximately two years to complete an MBA program in Canada. However, this time frame can vary depending on the school you choose and your individual needs.
Q: Are there any scholarships available for students who want to attend an MBA program in Canada?
A: Yes, there are many scholarships available for students who want to attend an MBA program in Canada. You should check out the admissions website of each school you’re interested in to see if there are any scholarships available that fit your criteria.
Q: What is the cheapest MBA in Canada?
A: There is no one-size-fits-all answer to this question, as the cost of an MBA will vary depending on the school you choose and your individual needs. However, some of the lowest-priced MBA programs in Canada are offered by schools such as Ryerson University and Royal Roads University.