10 Cheapest MBA In Canada For International Students (2024)

For many people, pursuing an MBA in Canada is a dream, but not everyone is able to make it a reality. One of the most common reasons why students decide against studying abroad is a lack of financial resources. The good news is that most of the affordable MBA colleges are located in Canada. There are numerous choices for obtaining the cheapest MBA in Canada while traveling across this wonderful country on a shoestring budget. Some of Canada’s most affordable MBA programs are offered by prestigious universities such as Laval University, the University of Calgary, and the Memorial University of Newfoundland. 

On this note, we’ll go through a list of the cheapest MBA in Canada for international students.

10 Cheapest MBA In Canada For International Students

1. University of New Brunswick

The University of New Brunswick’s MBA program strives to build innovative and entrepreneurial leaders. After completing the course, students get access to a variety of networking possibilities, business consultancy tasks, and other options. Depending on your interests and preferences, you can pursue a full-time or part-time MBA at the University of Brunswick. The skilled professors assist you in developing as a business and management professional. 

The average tuition fee paid per year paid by international students at the University of New Brunswick is $12,850.

2. Laval University MBA (Quebec)

Laval University is one of the most affordable MBA programs in Canada. The Faculty of Business Administration (FSA) is a modern business school in Canada that is well-equipped. Since 1924, the institution has been at the forefront of providing an affordable MBA in Canada. By providing close interaction with the business world, the Laval MBA strikes a balance between high academic quality and professional relevance.

The average tuition fee paid per year paid by international students at Laval University is $16,000.

3. Memorial University of Newfoundland MBA

For international students, Memorial University of Newfoundland provides one of the most affordable MBA programs in Canada. It is the first business school in Atlantic Canada to be accredited by the Association to Advance Collegiate Schools of Business (AACSB International). MUN is one of the cheapest MBA in Canada aims to provide students with core business knowledge and leadership abilities to help them achieve their business objectives.

The average tuition fee paid per year paid by international students at Memorial University of Newfoundland is $24,000.

4. University of Calgary MBA

The University of Calgary is one of Canada’s most affordable MBA schools. For international students, the low-cost MBA in Canada is a highly recognized degree. The curriculum is tailored to professionals in the business, not-for-profit, and public sectors who want to acquire a widely recognized certificate. It provides students with a variety of options for personalizing their experience, such as internships, specialization, and so on.

The average tuition fee paid per year paid by international students at the University of Calgary is $26,557.

5. Vancouver Island University MBA

The Vancouver Island University MBA program costs $20,905 for domestic students and $33,434 for international students, regardless of whether students choose the 14 or 16-month program. With the applied business program option and specialization, domestic students now pay $23,147 and international students pay $37,308.48. Domestic students in the dual degree program (MBA/MSc.IM) that only take the applied business project (no specialization) pay $21,829 and international students pay $35,395. Domestic students in the dual degree program, completing both the applied business project and the specialization option, pay $24,229 and international students pay $39,558.  

6. HEC Montréal – Full-Time MBA

The total cost of the HEC Montréal full-time MBA program, including tuition and fees, is just $8,198 for Quebec students and French/French Belgian students. Non-Quebec Canadian residents pay $17,515 and international students pay $34,046. The school estimates that shared accommodation will cost around $7,200 while all school supplies are about $3,500 and transportation is about $590.  

7. Ryerson University – Part-Time MBA

The Ryerson University part-time MBA degree tuition for domestic students is $22,328 (plus additional fees) for 13 credits (11 courses) and $35,818 for international students. Students are charged tuition per course. Foundation courses are required for students without a BComm or equivalent undergraduate degree. The number of Foundation courses required is based on an official assessment of the appropriate transcripts upon application. Each foundation course would cost the student the equivalent of one credit; $1,933 per course for domestic, and $3,101 per course for international students. 

8. Victoria University MBA

The University of Victoria is one of Canada’s best MBA schools, with affordable tuition. The Sardul. S. Gill Graduate School at the Peter B. Gustavson School of Business offers low-cost MBA programs. It introduces students to new career paths such as community development, socially conscious business leadership, and entrepreneurship. According to statistics, most of the top recruiters are looking for MBA graduates from the University of Victoria.

The average tuition fee paid per year paid by international students at the University of Victoria is $39,300.

9. University of Manitoba

The Asper School of Business at the University of Manitoba is one of Canada’s most affordable MBA programs. It was founded in 1968 and received AACSB accreditation in 1999. The Aper School of Business MBA program has a long history of providing excellent education and mentoring in business foundations, decision-making techniques, and leadership strategies. The MBA program here is tailored to meet the market-driven demands of today’s business world.

The average tuition fee paid per year paid by international students at the University of Manitoba is $48,300.

10. Beedie School of Business – Simon Fraser University – Full-Time MBA

For Canadian citizens and permanent residents, tuition for the Simon Fraser full-time MBA program is about $40,500 while it cost around $51,700 for international applicants. Textbooks and other materials cost an estimated $2,200, and student fees are an additional $2,500. A $2,000 CDN fee is also required to hold a spot in the program after earning acceptance.

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Closing

For students seeking a world-class education at a reasonable cost, an MBA from any of the Canadian institutions is the ideal alternative. In terms of educational standards, Canada is comparable to the United States, but the programs are one-fourth the price, and this is because affordable Canadian colleges are trying to attract international students.