If you are an international student who has chosen to travel to Canada to complete an MBA, there are a couple of things you will need to consider, such as: the visa process, the cost of living in Canada, and finding an MBA program that fits your budget. As cost of obtaining an MBA increases globally, it might seem challenging to find an MBA program that is affordable, however there are several real options available in Canada.
Cost of living in Canada
The cost of living in Canada varies significantly depending on personal lifestyle preferences and your city of residence. The larger cities in the west and centrally, such as Montreal and Vancouver, tend to be more expensive. However, in the Atlantic Provinces and smaller rural areas, you might find it easier to live on a budget as groceries, accommodation, and transport are generally more reasonably priced. When estimating your budget you should include all living expenses, including accommodation, health insurance, groceries, laundry, utility bills, clothing, traveling, and entertainment. This usually ranges from CAD800 to CAD1,000 per month, but in a large city it could be much higher.
Affordable Canadian MBA programs
The 10 Canadian universities offering the most affordable MBA programs follow. Prices are in Canadian Dollars:
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- Memorial University of Newfoundland ($5,718)
- University of Quebec and Montreal ($8,186)
- Moncton University ($9,810)
- Sherbrooke University ($11,000)
- Dalhousie University ($11,500-$15,300)
- Lakehead University ($12,500-$17,500)
- Kenneth Levene Graduate School of Business at University of Regina ($13,083-$22,000)
- Lansbridge University ($14,000)
- Odette School of Business at University of Windsor ($14,134.50)
- Carleton University ($15,265.08)
Current Canadian student visa requirements include applicants having to prove they have the funds to support themselves during their stay. This is put at CAD10,000 for every year of your stay, on top of your tuition fees. Please keep this in mind when calculating your budget.
MBA Admission Requirements in Canada
Each school establishes the specific admission requirements but typically for an international student to be considered on to an MBA program in Canada, an applicant should already have a 4-year undergraduate degree, a Graduate Management Admission Test (GMAT) score, work experience, and a Test of English as a Foreign Language (TOEFL) score (for applicants whose first language is not English).
How to apply
All schools in Canada accept online applications. There will be a non-refundable application fee ranging from CAD$100 to CAD$150, so you should have a valid credit card which allows international payments, or you might be able to make a bank transfer. Before completing your application online it is also vital that you check the visa requirements for studying in Canada.
For more enquiries about admissions into universities abroad, send an email to Jonah@studyabroad365.com or call +2348125835476