Most Affordable MBA Universities in Canada for International Students 2024

Are you an international student seeking an affordable MBA program in Canada that fits your budget? Our list of most affordable MBA universities in Canada for international students in 2024 includes names like McMaster University, University of Victoria, University of Sherbrooke, Concordia University, and many more.

We understand you are not just looking for an affordable program, but also one that resonates with your aspirations and values.

In this blog, we'll guide you through the list of colleges where you can access quality education without breaking the bank.

Most Affordable MBA Universities in Canada for International Students 2024: Top 10 Cheapest University

Following are some universities in Canada that provide MBA programs at notably affordable rates for international students. However, below we have picked the top 10 showcasing a selection of universities offering cost-effective MBA options in Canada:

Types of Most Affordable MBA Programs in Canada

Explore different formats of MBA programs, each catering to diverse needs and preferences:

1. Full-time MBA: Follows a traditional format lasting approximately 2 years, ideal for those seeking a comprehensive campus experience.

2. Online MBA: Offers flexibility for students unable to attend on-campus classes, providing a convenient learning option.

3. Executive MBA: Tailored for seasoned professionals aiming to accelerate their careers, often with a focus on leadership and strategic management.

4. Part-time MBA: Provides flexibility with a longer duration, typically spanning 3-5 years, allowing students to balance work and study commitments effectively.

5. Dual degree MBA programs offer students the opportunity to earn two degrees simultaneously, combining MBA coursework with another discipline such as engineering or law.

Study MBA at Memorial University of Newfoundland

At Memorial University, a diverse community of over 19,000 students from 115 countries converge to explore MBA programs. Offering a wide range of certificate, diploma, undergraduate, graduate, and postgraduate programs both on campus and online, Memorial University caters to students' educational needs across 5 campuses. This university ranks #1 in the cheapest university in Canada for MBA for international students

Study MBA at University of New Brunswick

The MBA program offered in New Brunswick spans 20 months, or 4 semesters, and includes 18 courses. In the 1st year, you'll build a solid business foundation through 10 required courses. In the 2nd year, you'll select 6 elective courses, allowing you to focus on your areas of interest through coursework, coursework with a project, or coursework with a thesis. Additionally, in the final year, you'll develop a capstone project, collaborating with real companies to create and present a competitive strategic plan

Study MBA at Laval University

The MBA program at Laval University is designed with a practical approach, deeply rooted in the realities of the business world. This program equips students with a comprehensive understanding of all organizational functions, including accounting, finance, human resources, marketing, operations, and information systems, enabling them to make swift management decisions. Additionally, through a variety of elective courses, students can tailor their MBA to develop unique administrative skills that align with their previous education, interests, and career aspirations.

Study MBA at University of Victoria

The UVic MBA in Sustainable Innovation aims to transform talented individuals into exceptional innovators. These cheapest MBA programs in Canada challenge conventional thinking and equip you to tackle complex economic, social, and environmental issues.

The MBA program offers 2 delivery modes:

• Daytime MBA program: Ideal for young professionals seeking a full-time MBA.
• Weekend MBA program: Designed for working professionals who wish to continue their careers while earning their MBA.

Study MBA at McMaster University

McMaster University, one of Canada's top institutions, is ranked 5th in the country and among the top 150 globally. It is renowned for its research in Science and Engineering, and its affordable MBA programs are equally well-regarded.

Applicants to DeGroote’s full-time MBA programs are automatically considered for scholarships during the application process. These scholarships, awarded based on a comprehensive evaluation of the applicant's profile, range from $2,500 to $30,000 for international and domestic students.

Study MBA at University of Sherbrooke

Ranked 24th among the top universities in Canada, the University of Sherbrooke is a public French-speaking institution. As one of the largest universities in Quebec, it had over 40,000 students enrolled in 2007. It is also known for offering one of the most affordable MBA programs in Canada.

You must hold a college diploma to gain admission into this University. The university offers over 100 scholarships and bursaries to help cover your study expenses.

Study MBA at Concordia University

The John Molson MBA program at Concordia University takes a practical, hands-on approach to business education. The curriculum uses timely case studies to simulate real-world business scenarios faced by senior managers. Graduates of this program have an average salary of $98,051.

Study MBA at Vancouver Island University

Students in VIU’s MBA program benefit from a hands-on learning environment with a diverse international student body, ensuring personalized attention and a global business perspective. The program stands out with its integration of data analytics in research courses and 4 technology-focused courses.

Offered in a 20-month, full-time format, it includes coursework in Accounting, Economics, Finance, Management, Marketing, Research, and Technology, along with a 4-month internship and an applied business project.

Study MBA at Carleton University

The Sprott MBA program offered at Carleton University provides top-notch management education through an award-winning faculty and a rigorous curriculum that incorporates the latest management tools and best practices alongside practical solutions.

The program features an integrated core curriculum with a specialization in Business Analytics. Core courses span various business disciplines, equipping students with the comprehensive knowledge and skills to tackle complex management challenges.

Additionally, they also offer an accelerated MBA program, an online MBA program, and a collaborative Specialization in Climate Change.

Study MBA at University of Saskatchewan

The University of Saskatchewan's MBA program spans 12 months and operates on a full-time basis. The Edwards Master of Business Administration program provides a transformative journey centered on team building, leadership, and business strategy.

Its curriculum aims to augment integrative and strategic management abilities, fostering a close-knit community that facilitates the exchange of experiences both in and out of the classroom.

Graduates emerge equipped with confidence, integrity, and accountability to excel in their professional pursuits. This program is offered on-campus.

Also Read: Top 15 Colleges in Saskatchewan Province in Canada

Top Reasons to Pursue Affordable MBA Programs in Canada

Canada's multicultural environment, post-study work opportunities through the PGWP program, and international recognition of Canadian degrees make pursuing an MBA in Canada an attractive option for ambitious students seeking a well-rounded educational experience.

Let’s take a look at some of the other reasons why you should pursue an MBA in Canada

1. Affordability: Compared to countries like the UK and the US, MBA programs in Canada offer significantly lower tuition fees, making it a cost-effective option for international students.
2. Quality Education: Canadian universities provide top-notch education, offering rigorous academic preparation, real-world business experience, and opportunities for experiential learning.
3. Strong Economy and Job Opportunities: Canada boasts a robust and stable economy with growing sectors like technology, healthcare, finance, and natural resources, providing ample job prospects and opportunities for career advancement.
4. Internship and Co-op Programs: Many Canadian universities offer co-op opportunities, allowing students to gain valuable work experience while studying, enhancing their practical skills and employability.
5. Networking and Alumni Connections: Canada's extensive alumni networks provide valuable connections to the business world, offering students access to future career opportunities and professional growth.

Eligibility for Cheap MBA Colleges in Canada

Now that we’ve explored the cheapest university in Canada for an MBA, let’s take a look at the eligibility criteria for pursuing an MBA in Canada. With a plethora of MBA programs available, eligibility requirements vary considerably in terms of work experience, prior qualifications, and other prerequisites.

While these conditions are typically less stringent compared to top-tier institutions, some institutions offer additional flexibility through preparatory courses and preparatory classes.

Here are some key eligibility criteria to consider when exploring affordable MBA options in Canada:

• A bachelor's degree or its equivalent in a relevant field of study
• Relevant work experience in the chosen field of study
• A GMAT score of (550-650), a score in this range enhances the chances of successful selection
• Proficiency in English demonstrated through TOEFL, IELTS, or PTE scores

For those seeking to pursue an MBA in Canada without GMAT scores, there are universities and colleges that offer such programs.

Your Gateway to Affordable MBA with GetGIS

In conclusion, choosing the right MBA program in Canada can be a pivotal decision in your academic and professional journey. The top 10 universities highlighted in this blog offer affordable options without compromising on quality education and resources.

Whether you're seeking a hands-on learning experience, a diverse and inclusive community, or specialized tracks to align with your career goals, these institutions have something for everyone.

With the assistance of GetGIS - an Immigration Consultant for study abroad services, navigating the application process and securing financial aid can be a seamless experience. So why wait? Take the first step towards your future success today! Book Your Free Consultation